Long-Term NN Lease | Fee Simple Ownership Approximately 6 years remaining with limited landlord maintenance/expense responsibilities making this an ideal investment for a passive or out-of-town investor Landlord responsible for roof (warranty in place for roof) and structure Inflation Hedge The lease features rental increases every 5 years throughout the initial term and at the beginning of each option, increasing the NOI and providing a hedge against inflation Credit Tenant | Corporate Lease The lease is signed by Fitness International, LLC, rated “B” Stable by S&P, the largest non-franchised fitness club operator in the US with over 728 locations throughout the country LA Fitness’ sales for FY24 are estimated to have grown by 10% to $2.3 billion Top Ranked Location - Placer.ai This location ranked in the top 29% in Texas and top 25% (#3 0f 8) within 15 miles based on # of visits over the past 12 months Densely Populated and Affluent Trade Area More than 257,800 residents and 47,000 employees within 5 miles with an average household income over $196,700, projected to increase to $213,000 by 2030 High Traffic / Excellent Visibility Located at the signalized intersection of Custer Road and Virginia Parkway with a combined traffic count of 96,492 VPD