Investment Highlights • New 20-Year Absolute NNN Lease • Direct I-35 frontage at the SW Military Dr interchange, the dominant retail node on San Antonio's South Side • Corporate Guaranty from a 41-unit Freddy's operator • 10% rent increases every 5 years grow the yield from 5.50% to over 10% by the final option Location Highlights • Direct frontage on I-35 (~68,760 VPD); the I-35 & SW Military Dr interchange moves 130,000+ vehicles per day across both facilities • Directly at South Park Mall (Macy's, JCPenney, Dick's Sporting Goods, Floor & Decor), the principal shopping destination for the South Side • Labor shed anchored by Toyota Motor Manufacturing Texas (3,700+ direct jobs, $531M expansion underway), Texas A&M University-San Antonio (7,000+ students), and the Brooks redevelopment district • Dense, growing trade area: 231,382 residents and $1.9B in annual consumer spending within 5 miles Tenant Highlights • Lone Star Custard: 41-unit Freddy's franchisee operating across San Antonio, Austin, the Rio Grande Valley, and Houston • Brand-new 20-year absolute NNN sale-leaseback with 10% increases every 5 years and (4) 5-year options • Established brand: Freddy's boasts over 550 locations across 36 states