Basis-Driven Investment with Long-Term Control & Downside Protection SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased CVS Pharmacy located in North Webster, Indiana. The Property is secured by CVS Health Corporation, an investment-grade rated tenant (S&P: BBB / Moody’s: Baa2), and benefits from a recently executed lease amendment in 2021 that reestablished a new 20-year primary term, providing approximately 15 years of remaining lease term and long-term income stability. The investment is structured as an absolute net lease, offering a truly passive ownership experience with zero landlord responsibilities. CVS is responsible for all operating expenses, including taxes, insurance, and maintenance, delivering durable, bond-like cash flow backed by one of the nation’s leading pharmacy operators. What differentiates this opportunity is its below-market rent profile. The property is leased at $100,100 annually ($9.93/SF), representing a meaningful discount to prevailing market rents of approximately $12/SF. This creates an embedded margin of safety and positions the asset for long-term upside, whether through mark-to-market potential or enhanced residual value. Unlike many net lease investments that trade at or above market rents, this offering provides a basis-driven investment thesis with both downside protection and future optionality. The Property is strategically situated on ±1.59 acres with dual frontage along S Main Street (State Road 13) and Effie Mae Street, offering strong visibility and accessibility in a proven retail corridor. CVS has successfully operated at this location for over 20 years, reinforcing the site’s viability and importance as a local healthcare and convenience retail destination. This offering presents investors with the rare opportunity to acquire a long-term, investment-grade net lease with a recent lease reset, below-market rent, and strong underlying real estate fundamentals. The combination of passive income, tenant credit quality, and favorable basis positions the asset as a compelling addition to both income-focused and value-oriented portfolios.