New 20-Year Lease | Options To Extend | Scheduled 10% Rent Increases The tenant recently signed a brand-new 20-year lease, featuring four (4) additional 5-year renewal options, demonstrating long-term commitment to the site Scheduled 10% rent increases every five years enhance long-term NOI growth and provide a built-in hedge against inflation 2025 Construction | Absolute NNN Ground Lease Constructed in 2025 with modern design, materials, and systems, the property offers contemporary aesthetics and operational efficiency consistent with today’s retail development standards The lease is structured as an absolute NNN ground lease, with the tenant responsible for CAM, taxes, insurance, and all maintenance of the premises This zero-responsibility structure makes the asset an ideal, management-free investment for out-of-state or passive investors The market rent for a new construction facility of this quality and prime location would command well in excess of the current ground rent providing additional investment security The price point of this property, owing to the ground lease structure, is well below market for a new construction express tunnel car wash