• The tenant currently has 15 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site • This is the only Krispy Kreme in Miami; the tenant has been located in this area for over 30 years and recently signed a 20-year lease in 2019 • The location functions as a production center that distributes fresh doughnuts daily to surrounding locations like grocery stores, gas stations, and other retailers alike • The lease features 10% rental increases every 5 years, then 8% increases at beginning of each option, growing NOI and hedging against inflation • Rent to Sales Under 5% (Contact Agents)