• The tenant recently signed a new 20 year lease with 2 (5-year) and 1 (4-year and 11-months) option to extend, demonstrating commitment to the site • The tenant, and its affiliates, currently operate 45 Wendy’s and 33 Del Taco locations situated throughout Southern California and Florida • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, providing a hedge against inflation • The subject property will benefit tremendously from its position as an outparcel to the new Mission Village Shopping Center development, which is anchored by Planet Fitness and Grocery Outlet and will feature other national tenants including Starbucks, Quick Quack Car Wash, Dollar Tree, and more • The center development will also feature Tesla Charging Stations and a Bank of America ATM, providing further consumer-friendly amenities • Wendy’s is anticipated to open in February