• The tenant recently signed a new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and variable increases at the beginning of each option period • 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 Wendy’s, 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 • Starbucks is anticipated to open in late February/early March