• The property is solely occupied by Ferguson Enterprises, LLC, an investment-grade tenant (NYSE/LSE: FERG; S&P: BBB+). • Tenant has operated at this site for over 25 years and recently executed an early renewal extending the lease through 2033, with two additional 5-year options to extend through 2043 — demonstrating a strong long-term commitment to the site. • Tenant is responsible for taxes, insurance, and utilities, and handles day-to-day, non-structural maintenance and repairs. • Rent of $5.51 PSF today, stepping to $5.79 PSF in October 2028, sits well below prevailing rates for comparable I-94 corridor industrial product, supporting renewal probability and residual value well into the future