Investment Overview

Corporate Guaranteed Lease with Kroger Co., Inc (NYSE: KR) - Third Largest Grocery Store Chain in the U.S. | 2,400+ Locations Nationwide New 5-Year Absolute Net Lease | 3% Annual Rental Increases - Zero Landlord Responsibilities | One 5-Year Option at FMV Kroger Co. Has an Investment Grade Credit Rating of "BBB“ - $42.9B Market Cap | Total 2023 Revenue: $150.0B Location Serves as Fulfillment Delivery “Spoke” for East Central Florida - Orders Originate from Customer Fulfillment Center in Groveland, FL Property to Receive Substantial Upgrades and Improvements - Capital Expenditures will be Funded by Tenant Strategically Positioned Facility with Quick Access (2.5 miles) to I-95 - Optimizes Delivery Strike Radius Up to 90 Miles Industrial Outdoor Storage (IOS) Zoning: IU (Light Industrial) - Limited Supply of Similar Properties | Tight Industrial Submarket Part of the Melbourne MSA | One of the Fastest Growing Areas in FL - Explosive Growth has Driven Kroger’s Expansion into the Market Florida’s Space Coast is Home to Top Space & Aeronautical Businesses - SpaceX, Blue Origin, Boeing, Northrup Grumman, Lockheed Martin, & L3 Harris Other Economic Drivers include Port Canaveral and Beach Tourism - Thousands of Tourist Flock to the Region on an Annual Basis