• Tenant recently extended their lease for 5 additional years with three (3) additional 5-year renewal options, demonstrating long-term commitment to the site • Scheduled rental increases at each option period (+$450/mo 1st Option) (+$400/mo 2nd/3rd Options) provide steady NOI growth and an attractive inflation hedge • 24 Franchise Group, LLC is a 50+ unit Sonic franchisee — SONIC is the largest drive-in restaurant brand in the United States with 3,500+ locations across 47 states, part of the Inspire Brands family of restaurants