The Offering presents the opportunity to acquire a 2020 construction Valvoline Instant Oil Change on a corporate-backed ground lease with over 10 years of term remaining in the new Frederickson Town Center. The lease includes 10% rent increases every five years, including at the beginning of each of the three, five-year renewal periods. The Property is positioned at the high-traffic intersection of 176th Street East and Canyon Road East, offering direct exposure to more than 50,000 vehicles per day. Located in the fast-growing Frederickson neighborhood, the surrounding 3-mile population has increased by over 35% since 2010, with average household incomes exceeding $130,000. The immediate area is experiencing a wave of commercial and industrial expansion, including over 3.7 million square feet of new industrial space since 2021 and a growing mix of national retailers such as McDonald’s, O’Reilly Auto Parts, IHOP, MOD Pizza, and KinderCare. Just two blocks east, Canyon Crossing—anchored by Safeway and owned by Blackstone—draws over 3.4 million annual visits, ranking in the 94th percentile of Washington State neighborhood centers, per Placer.ai. Other nearby institutional ownership groups include Tramell Crow, Panattoni, & Dermody. Visitor traffic to the subject Valvoline location has climbed nearly 30% since 2022. Nationally, Valvoline recorded 12% year-over-year sales growth in 2024, marking its 18th consecutive year of same-store sales gains.