• The tenant just recently extended their lease an additional 2 years, bringing the term remaining to over 10 years with 2 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation • First Watch is the leading Daytime Dining concept serving made-to-order breakfast, brunch and lunch with more than 630+ locations