ATTRACTIVE LEASE FUNDAMENTALS & REASONABLE RENTAL RATES - Each Tenant has signed a new 10 year Lease and both are corporate guarantees - Both leases have at least 3 x 5 year extensions left while TD Bank has 4 x 5 Year extensions - Each lease provides 10% rent increases every 5 years in base term and option periods providing a strong inflation hedge - The market rents in Clayton have continued to climb higher year over year; therefore, the current rents for the two tenants are at and below market rents in the surrounding area, which provides future upside at the property STRONG CREDIT TENANTS - Heartland Dental operates over 1,800 locations - TD Bank operates over 1,170 locations with an S&P credit rating of A+ - Combined tenancy offers strong credit fundamentals and low risk of default DENSE RETAIL NODE - Over 726K SF of retail space within a 1-mile radius with a vacancy rate below 3% - Surrounded by national retailers including Lowe’s Foods, Walmart Supercenter, and Cato Fashions - High-traffic corridor along U.S. Highway 70 NEARBY ECONOMIC DRIVERS WITH CONTINUOUS INVESTMENT - Clayton and the Raleigh MSA Rank #1 in the U.S. for Business Climate (Site Selection 2024) - Major Employers Include Novo Nordisk, Grifols, and Caterpillar - Continuous Corporate and Residential Investment Driving Long-Term Market Stability RALEIGH-DURHAM, NC MSA - Raleigh, NC is ranked #3 in 2023 for Best Residential Markets (Rocket Mortgage) - Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022) - Raleigh was ranked #3 in Best Places to Live for 2023-2024 (U.S. News) NEW CONSTRUCTION - This multi-tenant property is built with both tenants new formats - Warranties will be assigned to new owner - TD Bank benefits from a dual drive-thru