15 YEAR NET LEASE WITH RENT ESCALATIONS - 6+ years remaining term with 10% rental increase in year 11, and 10% increases for each 5-year option - Corporate Guaranty by Mavis (2,100+ locations) - Four (4) renewal options with 10% increase for each option BRAND NAME TENANT AND GUARANTOR - This location is corporately back by Mavis Tire - Mavis acquired NTB and Tire Kingdom in May 2023 - Mavis has over 2,100 service centers, and roughly did over $2.4B of revenue LOCATED IN MAJOR RETAIL CORRIDOR - Fronting South Lake Dr (AADT 26,000) - Over 720k SF of retail space within a 2 mile radius, boasting a 0.2% vacancy rate - Outparcel to one of the top performing Walmart in the Country (2.4M visitors in trailing 12 months) - Multiple national retail tenants are located near by include Lowes, Walmart, Aldi, Food Lion, and Publix STRONG DEMOGRAPHICS - Average Household Income exceeds $98k in a 5-mile radius - Over 65K people live within a 5 mile radius - Over 16K employees in a 5-mile radius LOCATED NEAR MARKET DRIVERS - Less than a mile to White Knoll High School - 2,165 students - 1.2 miles (5-minute drive) to Saxe Gotha Elementary- 698 Students - 2.6 Miles from Carolina Springs Middle School - 901 students - Approximately 10 miles from Columbia, SC COLUMBIA, SC MSA - The South Carolina State Capital has an annual growth rate of 1.46% and has the population has grown more than 6% since 2020 - Columbia has a strong job market with projected job growth of over 27% in the next ten years - Healthcare and Education industries are the major economic drivers