PROPERTY & LEASE HIGHLIGHTS • Veterinary Centers Of America (VCA) Corporate Guaranty - Lease features a corporate guaranty from VCA, the largest operator of veterinary hospitals in the United States, supporting 1,000+ practices nationwide. • Recent Property Renovations - In March of 2022, VCA invested approximately $200,000 in renovations, enhancing the property with high-quality construction and equipment. This investment reflects the tenant’s success and long-term commitment at the location. • Global Industry Leader - MARS, INC. - VCA is owned by Mars, Inc., a privately held multinational company with over $50 billion in annual revenue. Mars operates a diverse portfolio including pet care, veterinary services, food, and confectionery, and is ranked as the 4th largest privately held company in the U.S. (Forbes). • NNN Lease - This NNN lease provides an extremely passive investment vehicle with minimal landlord responsibilities. The landlord is only responsible for the foundation and structure, while the tenant assumes responsibility for everything else at the property, including the roof. • Full Service Veterinary Hospital - This facility offers comprehensive diagnostic, surgical, and wellness services, including walk-in emergency care, onsite radiology and ultrasound, and a full surgical suite. The hospital features 5 exam rooms, a spacious waiting area with separate checkout, 36 parking spaces, and an onsite pharmacy. Additional services include boarding, daycare, grooming, and prescription pet food. • Inflationary Protected Lease - Lease features 2% annual rental increases, providing a landlord with a solid and consistent hedge against inflation. • Tenant In Last Option Period - VCA is currently in their last option period per the lease, presenting an opportunity for potential lease renegotiation or renewal in ± 2 years, allowing for possible upside in rental income and lease terms. • Dominant Parent Company - Mars, Inc. acquired VCA Animal Hospitals for $9.1 billion in 2017, cementing its position as the global leader in veterinary care. With an S&P A+ credit rating and a workforce of 140,000+ people worldwide, Mars continues to drive growth through strategic investments. TENANT HIGHLIGHTS • Long Term Commitment To The Site - Operating for 46+ years, this practice is a well-known staple in the Victorville community. Originally built in 1980 and rebuilt from the ground up in 1999, it reflects a deep-rooted presence and commitment to the area. • Largest Global Veterinary Services Network – Mars Veterinary Health owns and operates ± 3,000 veterinary clinics and hospitals worldwide, including VCA, Banfield Pet Hospital, BluePearl Pet Hospital, and AniCura. • Tenant Investment In Location - Veterinary hospitals hardly ever relocate due to the high costs associated with moving and difficulty retaining the same patients in a new location. They are also very well insulated from e-commerce competition and resilient to economic downturns. • Robust Industry Growth - The global veterinary services market, valued at $150 billion in 2024, is projected to grow at a 7.45% CAGR from 2023 to 2030. • Key Pet Ownership Statistics In The US: — 66% of households in the US, or 86.9 million, own a pet. This increase in pet ownership trend has fueled demand for veterinary services, including preventive care, diagnostics and treatments. — The average US dog owner spends about $2,524 per year on recurring pet costs. — People spent $136.8 billion on pets in 2022, $147 billion in 2023, and $150 billion in 2024. LOCATION HIGHLIGHTS • Consolidated Location for Enhanced Operations - The closure and merger of VCA Victor Valley into this location increased patient volume and operational efficiency, reinforcing its position as the primary full-service veterinary provider in the area. • Affluent Demographics - The property caters to over 197,897 residents within a 5 mile radius with an average household income of $85,565. • High-Growth Market - Victorville, CA - With 20% population growth over the past decade, Victorville is part of the High Desert region, one of California’s fastest-growing areas. • Affordable Housing & High Demand - With housing costs significantly lower than nearby metropolitan areas, Victorville is attracting families and businesses seeking affordability without sacrificing accessibility to major urban centers like Los Angeles and Las Vegas. • Strategic Location - The property is surrounded by prominent national retailers and food chains such as Starbucks, McDonald’s, CVS, AutoZone, Kaiser Permanente, O’Reilly Auto Parts, Dollar General, Taco Bell, and more, driving high consumer traffic and visibility. • High Consumer Traffic - Located on Palmdale Rd, the main and busiest road in Victorville, this prime commercial corridor experiences heavy daily traffic, maximizing visibility and exposure for the property.