Avis

• Institutional-Quality Tenant: Leased to Avis Budget Car Rental, LLC, a core operating subsidiary of Avis Budget Group (NASDAQ: CAR)
• Attractive 3% Annual Rental Increases – The lease features 3% annual rent increases throughout the remaining term and option periods, providing consistent NOI growth and a natural hedge against inflation.
• Absolute NNN Lease Structure – Avis Budget operates under an absolute NNN lease, providing investors with a passive ownership structure and minimal landlord responsibilities.
• National Rental Car Brands – Avis and Budget are well-established rental car brands with a broad operating footprint and strong consumer recognition.
• Dense Infill Demographics – Approximately 300,512 residents and 143,667 households are located within five miles of the property, providing a substantial surrounding consumer base.
• High-Traffic Location – Situated on approximately 0.53 acres, the property benefits from excellent visibility and exposure to more than 47,500 vehicles per day along 34th Street North.
• Established Automotive Retail Corridor – The property is strategically positioned within a concentrated automotive corridor, surrounded by numerous national dealerships and automotive retailers including Mercedes, Volvo, Land Rover, Jaguar, Advance Auto Parts, and several additional dealerships, creating strong customer synergy and reinforcing the location as a destination for automotive-related services.