Strong Real Estate Fundamentals

• Brand new 2025 construction
• Latest store prototype with double drive-thru
• Well-located on the hard corner of a signalized intersection
• Located within the extremely desirable submarket of Virginia Beach with a low vacancy of 1.7% that contains roughly 2.7 MM SF of inventory
• Affluent and dense market
  • Avg. Household Incomes: $87.4k (1-Mi); $96.4k (3- Mi); $109.5k (5-Mi)
  • Population: 6.8k (1-Mi); 93.0k (3-Mi); 213.1k (5-Mi)

Optimal Lease Structure

• Newly developed ground lease (significant tenant investment)
• 15-year base term
• Five (5), 5-year renewal options
• True NNN lease with no landlord responsibilities
• 10% rent increases every 5 years
• Corporately guaranteed