Investment Overview

AutoZone - LEASE - Absolute NNN – Ground Lease | NO Landlord responsibilities - 7+ years remaining on the original 15-year base term - 10% rent increases every 5-years | Next 10% rent bump is in ~2 years - Corporate Guarantee STRONG REAL ESTATE FUNDAMENTALS - Extremely Below Market Rent ($6.91 PSF) - Large Parcel – 0.88 Acres - Newer Construction – Built in 2015 POPULATION GROWTH / FLORIDA - Central Florida is one of the fastest growing regions in the United States. - 13% estimated population growth within a one-, three-, and five-mile radius of the subject property (5-years). - Massive Population Density (2022) - 4,671 (one-mile) - 73,947 (three-mile) - 155,665 (five-mile) - Florida – No State Income Tax AutoZone - Corporate Guarantee - BBB S&P Rating - 7,000+ Locations - $16.3 Billion Revenue (2022)