• The Property is long-term leased to Hobby Lobby Stores, Inc. for use as a Hobby Lobby and Mardel • Hobby Lobby Stores, Inc. is the corporate operating entity for Hobby Lobby, the largest privately owned arts and crafts retailer in the world, operating over 1,000 locations nationwide • The tenant recently executed a new 5-year lease extension and holds two (2) additional 5-year renewal options, reinforcing long-term income security and commitment to the site • The lease features rental increases of $0.25 per square foot at the beginning of each option period, supporting NOI growth and providing a built-in hedge against inflation • The roof was replaced in 2018 with warranty coverage through 2038