• Brand new 10-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,110+ locations • The ground lease features 7% rental increases every 5 years and at the beginning of each option, increasing NOI and hedging against inflation • Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS) • Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS) • Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s Largers