• The tenant currently has 8+ years remaining on their initial lease with 6 (5-year) options to extend, demonstrating their commitment to the site • The lease features 1% annual rental increases during the initial term and options thereafter, growing NOI and hedging against inflation • The lease is guaranteed by Neighborhood Restaurant Partners, a 100+ unit franchisee • Applebee’s franchise operations consisted of 1,567 Applebee’s restaurants in the United States and 47 company-operated U.S restaurants as of December 29, 2024