NATIONALLY RECOGNIZED, INVESTMENT GRADE CREDIT TENANT • CVS is the largest pharmacy chain in the US by the number of locations (over 9,900 retail locations and over 1,100 MinuteClinics in the United States, Puerto Rico and Brazil ­ as of 2018) and total gross revenue of $256.776 billion in year 2019 and about 300,000 employees. • CVS Health Corporation (NYSE: CVS) is an investment grade tenant with a Baa2 rating from Moody’s and BBB+ from Standard & Poor. • Recently invested a significant amount of capital to upgrade the pharmacy and in­store to enhance the retail customer experience and offer new assortment of healthier foods and products. ABSOLUTE NNN GROUND LEASE • Absolute NNN ground lease with no landlord responsibilities. • Under 7 years of primary lease term remaining on the initial 20-year lease which started in Nov 2006. There are ten, 5-Yr options remaining. • The lease offers a rare 8% rent increases every 5­years; next scheduled increase is in Nov 2021. ESTABLISHED RETAIL LOCATION • Signalized intersection of US Highway 395 and Palmdale Road (Highway 138) which receives over 53,000 cars per day of traffic. • CVS is an outparcel pad location to a fully occupied Adelanto Marketplace neighborhood shopping center encompasses 90,000 SF of retail space anchored by Stater Bros supermarket. Additional national pad tenants in the center includes Starbucks, Denny’s, Chase Bank, Carl’s Jr, KFC, Bank of America, US Bank. • Located across the street retailers from a 250,000 SF The Crossroads at 395 shopping center anchored by WalMart supercenter, Walgreens, McDonalds, El Pollo Loco, Dollar Tree, AutoZone, Panda Express, Burger King and ARCO AM/PM. • The trade area has about 72,000 residents with an average household income of $69,400 within a 3­mile radius. • Two 60 ft tall monument signs on both thoroughfares provide excellent visibility for the tenant. • Located within Opportunity Zone allows additional tax benefits to investors.