SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased Chipotle investment property located in Lakewood, New York. The tenant recently executed a brand new 15-year lease with four (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every five years throughout the primary term and at the beginning of each option period, supporting NOI growth and providing a hedge against inflation. The lease is backed by a corporate guaranty from Chipotle Mexican Grill, Inc., a publicly traded company (NYSE: CMG) with over 4,000 locations. The property features brand new 2025 construction with the latest Chipotle prototype and a drive-thru layout. The NNN lease structure requires the tenant to reimburse for CAM, taxes, and insurance, including a proportionate share of CAM expenses for common areas shared with the adjacent tenant. For additional details regarding landlord and tenant responsibilities, please refer to page 7.