ABSOLUTE NNN LEASE STRUCTURE A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance. BELOW REPLACEMENT COST RESTAURANT Opportunity to acquire a fully built restaurant property at a price well below the cost of new construction. This favorable basis provides built-in equity and makes for an attractive long-term hold as construction costs continue to rise. LONG-TERM OPERATING HISTORY This well-established Pizza Hut location has operated continuously at the property since the building was constructed. BELOW MARKET RENT Current rent is below market benchmarks, offering potential for income growth through future rent increases or re-tenanting at higher market rates upon lease expiration. OPTION PERIOD MARKET RENT ADJUSTMENT The lease includes three 5-year renewal options, each adjusting to prevailing market rent (FMR), providing for income growth without any rent caps. EXPERIENCED OPERATOR This location is operated by a highly experienced Pizza Hut franchisee overseeing approximately 80 locations throughout California. PERSONAL GUARANTY BY INDUSTRY VETERAN Lease remaining term backed by an industry-leading franchise group with decades of operating history. The lease guarantor’s financial strength and operational expertise provide a secure guarantee on the lease. EXCEPTIONAL FREEWAY VISIBILITY & SIGNAGE Strategic location just off the Mojave Freeway (I-15) with exposure to over 82,000 vehicles per day. The property sits prominently near the interstate on a highly visible off-ramp location, capturing traffic from I-15 (the main Los Angeles–Las Vegas route) as well as local Barstow roads (~18,000 VPD on Barstow Rd). A large freeway visible pylon sign and building signage directly target freeway travelers, making this an ideal pit-stop location. INCLUDES DRIVE-THRU FORMAT The property includes a fully operational Hut Lane drive-thru, Pizza Hut’s pickup window format designed to streamline off-premises orders, mobile app pickups, and third-party delivery driver access.