STRONG LEASE FUNDAMENTALS - 15 Year NNN Lease with zero landlord responsibilities - Four (4) five (5) year extensions remaining - 10% Increases every 5 years in base rent and extension periods CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT - Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,750+ locations across the country - Chipotle opened 304 new restaurants in 2024 with 257 of those locations utilizing a Chipotlane PART OF MAJOR MIXED USE DEVELOPMENT - THE HORIZON AT SPRINGDALE - Positioned as an outparcel to Horizon at Springdale - a 305 apartment community - Over 852 apartments are located in a 1-mile radius - Nearly 500 new units delivered in the past 3 years STRATEGIC INFRASTRUCTURE, LOGISTICS & CONNECTIVITY HUB - Richmond regionally benefits from proximity to Port of Verginia which is the fastest growing container port on the east coast handling 3.7+ million standard containers annually - The area is serviced by I-95, I-64 and I-295 enabling same day truck access to DC, Raleigh, Baltimore and Hampton Roads RECENT BUILD-TO-SUIT ON BUSY CORRIDOR - The Building has recently been built to suit the tenant’s specifications - Multiple spaces put in for curbside pickup - Positioned off of busy Mechanicsville Turnpike (31K VPD) RICHMOND MSA - 1.3M+ population in the MSA reflecting a 9% population growth since 2010 - 700,000+ regional jobs anchored by a diversified employment base - Major employers include Capital One, VCU Health, Dominion Energy & Amazon collectively supporting 100,000+ employees - Median Household Income is approx. $78,000