* New Absolute NNN Ground Lease – Shake Shack opened October 2024, on a new 15-year ground lease with 10% increases every 5 years and four, 5-year options to renew * Complimentary Surrounding Tenants – Shake Shack is strategically located at Rhodes Ranch Plaza with immediate access to Rhodes Ranch Town Center alongside synergistic national tenants including Vons, Bank of America, AT&T, Buffalo Wild Wings, Cold Stone, Chop Stop, Ohana Hawaiian BBQ and others * New, High-Quality, Drive Thru Construction – High-quality, purpose-built drive-thru property with two lanes developed to Shake Shack’s specifications, designed to serve the over 145,600 residents (AHI: $117,642) within a 3-mile radius * Limited Future Competition – Supply-constrained, densely populated, infill trade area with limited sites available for future development, creating high barriers to entry while ensure the area’s long-term growth and success * High-Credit, Corporate NNN Lease – Passive “coupon clipper” single-tenant investment leased to a well-known international company. The NNN nature of the lease coupled with the recent construction results in minimal landlord responsibilities or capital expenditures – perfect for out-of-town investors