Investment Overview

14.5 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM • The subject property has 14.5 years left on a 15-year corporate guaranteed NNN lease with 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEW UPGRADED CONSTRUCTION 12,480 SF DOLLAR GENERAL MARKET • The subject property is a 12,480 SF upgraded construction Dollar General Market located in Grayling, MI. • The subject property is open, and rent commenced in August 2024. • DG Market is a combo store with 2,000 SF of additional square footage for fresh produce, milk, meats, and other groceries. NEAR THE LARGEST U.S. COAST GUARD TRAINING FACILITY IN THE COUNTRY • The subject property is located less than 10 minutes from Camp Grayling, the largest U.S. Coast Guard Training Facility. • Camp Grayling typically trains over 10,000 military personnel annually, including National Guard units and regular Army and Reserve units, and has over 600 soldiers on base. • Camp Grayling generates $30M annually to the local economy, providing over 200+ full-time jobs to residents. NEAR ARAUCO NORTH AMERICAN PLANT | 200+ EMPLOYED • In 2019, Arauco North America opened a $450 million particleboard facility in Grayling, exceeding its initial investment and creating 250 new jobs, with over 90% of the new hires being Michigan residents. NEAR INTERSTATE 75 | 17,370 VPD • This Dollar General Market is located off of I-75. • I-75 is a major interstate that connects North & South Michigan. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $18.16