NEW CONSTRUCTION WITH LONG TERM LEASE - New Construction built with Sherwin’s newest store layout - Roof and Structure warranties will transfer to new owner - 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term - 8% increases in six (6) five (5) year extension periods CORPORATE LEASE WITH FORTUNE 500 COMPANY - Sherwin Williams has over 4,900 locations and employs over 61K people - Market cap of $63.89B (NYSE: SHW) - 2024 EOY sales increased to 11.1% to a record $22.15B LOCATED IN A DENSE, LOW VACANCY RETAIL CORRIDOR - Within a 1-mile radius of the site is more than 740K Sf of retail space - Also in that 1-mile radius there is a vacancy rate of 0.6% - Nearby National Retailers include: Publix Supermarket, The Home Depot, Goodwill and more NEARBY ECONOMIC DRIVERS - The site is positioned nearby thousands of students: 1-mile from Longleaf Elementary (Over 600 students), less than half a mile from Wade Christian Academy (more than 150 students), less than two miles to Holy Trinity Episcopal Academy (1,000 students) - 8 Minute drive to the Melbourne International Airport - This airport services over 750K people every year providing a large economic impact to the area AFFLUENT, HIGH GROWTH MELBORNE, FL - Avg household Income in 1, 3, and 5 mile radius exceeds $125K - According to PremierListings.com, Melbourne was the fastest growing city spot in the state in 2023 - The city of Melbourne, FL has steadily been growing by almost 1% annually and over 4% since the last census STRONG CONSUMER DEMAND - Florida homes require re-painting every 3-5 years (compared to national average of 10 years) - Over 3.5K households in a 1-mile radius providing a built-in customer base