STRONG LEASE FUNDAMENTALS - 15 Year Abs. NNN Lease with zero landlord responsibilities - Four (4) five (5) year extensions remaining - 10% Increases every 5 years in base rent and extension periods CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT - Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,200+ locations across the country - Chipotle opened 121 new restaurants in 2024 with 110 of those locations utilizing a Chipotlane HIGH GROWTH AND AFFLUENT TRADE AREA - Site is positioned in high growth Hickory, NC - The Chipotle is located in between three large North Carolina Cities, Charlotte, Asheville, and Winston-Salem - The town of Hickory, NC has seen rapid growth over the past few years with an average growth rate of 1.22% annually HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS - The city of Hickory, NC is recognized as the economic center of the Catawba River Valley - Hickory has 2 universities driving growth (Lenoir Rhyne and App State) - Average household income within 5-miles of the site is over $86K and population in the same radius is over 68K NEW CONSTRUCTION WITH GREAT VISIBILITY AND ACCESSIBILITY - New construction Habanero Prototype Chipotle with a drive-through “Chipotlane” - Multiple points of egress and ingress - Located on a main retail corridor providing frontage on US-321 NW (38.5K VPD) - Approximately a one mile to Hwy 70 E (20.5K VPD) and 4.5 miles to I-40 (54K VPD) POSITIONED IN A DENSE INDUSTRIAL NODE - Within a 1-mile radius of the Murphy Oil is more than 3.7MSF of industrial Space - Nearby National Industrial Employers Include: Pepsi Bottling Group, Trane Supply, Master Tech Auto Supplies, Performance Food Group, United Beverages (Broke ground on a 67,000 Sqft expansion) - Nearby retailers include: McDonalds, Dunkin’, Starbucks, and more.