CORPORATE CREDIT – MARS, INC. BACKED - Banfield operates as a wholly owned subsidiary of Mars, Incorporated ($50B+ revenue), providing institutional-grade credit and eliminating single-operator risk. DENSE NYC INFILL LOCATION - 1.26M+ people and $199K+ AHHI within 5 miles, with strong employment density and limited new retail supply. LONG-TERM LEASE WITH 3% ANNUAL GROWTH - Over 9 years of remaining term with 3% annual rent increases, creating a durable and compounding income stream. RECESSION-RESISTANT, NEEDS-BASED USE - Veterinary care is non-discretionary, supported by rising pet ownership and sustained growth in pet healthcare spending. LOW BASIS, PRIVATE CAPITAL-FRIENDLY INVESTMENT - Attractive price point and low basis appeals to investors seeking passive income with credit tenancy in a high-barrier market. REGIONAL RETAIL HUB WITH OUTSIZED CONSUMER DRAW - $1.59B in retail sales driven by commuter traffic and proximity to major regional demand drivers.