Dutch Bros

• No Landlord Responsibilities – The absolute NNN lease structure makes this a truly passive investment
• Corporate Signed Lease – Corporately signed by Dutch Bros operating entity (NYSE: BROS)
• Rent Growth – 10.00% rental escalations every 5-years as a strong hedge against inflation
• Attractive Renewal Options – Includes Four, 5-year renewal options to extend the lease, allowing for a long-term flexibility and investment security
• Brand-New Construction – Build-to-suit for the tenant showing strong commitment to this market
• Pensacola MSA – Over 865,000 residents across the greater Pensacola-Fort Walton Beach market which has grown roughly 7.70%
• Strong Demographics – Over 66,800 residents in a 5-mile radius seeing a 9.42% population growth through the 2030
• Affluent Suburb – The average household income in the 5-mile radius exceeds $117,700
• High Visibility & Access – Positioned along a well-trafficked corridor with strong daily vehicle counts exceeding 31,500 VPD
• Proximity to Major Retail & Healthcare – Surrounded by countless national credit tenants driving the daily-needs traffic
• Income tax-free state