ABS. NNN LEASE STRUCTURE - One of the first Abs. NNN Heartland Dental lease formats - Zero landlord Responsibilities - 12 Year lease with four (4) five (5) year extensions - 10% Rental Increases every 5 years and in extensions LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2024 Total Revenue was over $3B TIGHT RETAIL SUPPLY & RISING RENTAL RATES - Within 1-mile radius of the site, vacancy rate sits at 0.7% and countywide Q2 2025 data shows a 4% retail vacancy rate - Asking rates average YoY growth is at 2.1% - Under 2M SF in retail construction pipeline - Investors will have negotiating power in lease renewals HIGH -INCOME DEMOGRAPHICS AHHI - Exceeds $200K in a 1-mile radius providing high discretionary income - Palm Beach County posts a median income of $84,789 as of 2023 which is 13% higher than the Florida state average - AAHI is $129,312 with over 600,000 households in the county in 2023 NEW CONSTRUCTION APPEAL - Palm Beach County is investing over $140 million in roadway improvements along the Southern Blvd corridor - Less than 1-mile SR-80s main arterial connecting both Florida Turnpike and I-95 - Regional population growth of 1.8% annually has prompted Westlake and Arden master-planned communities (combined adding 7,500 homes within a 10-mile radius) WEST PALM BEACH-BOCA RATON-DELRAY BEACH MSA - WPB’s population growth is fueled by net migration from high-cost states - Rolling 12-month retail investment sales volume exceeds $965 million - Net in-migration and demographic tailwinds driven by high-income households and relocating professionals