Investment Overview

INVESTMENT GRADE TENANT (S&P: A-) WITH OVER 4,700 LOCATIONS • JPMorgan Chase Bank, N.A. is a wholly owned subsidiary of JPMorgan Chase & Co. (NYSE: JPM), a Fortune 100 company and one of the largest financial institutions in the world. • Chase Bank operates more than 4,700 retail branches and 16,000 ATMs across the United States. • The company has been in business for over 200 years and maintains an investment-grade credit rating of A- (S&P). • JPMorgan Chase & Co. reported total assets exceeding $4 trillion in 2025, making it the largest bank in the United States by assets. NEW 15-YEAR CORPORATE NNN GROUND LEASE WITH 10% INCREASES IN INITIAL TERM & OPTIONS • Chase Bank signed a 15-year corporate guaranteed NNN ground lease with 10% rent increases every 5 years. • Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 10% rent increases in the initial lease term and in each of the six, 5 year option periods. • The property is currently under construction and rent is scheduled to commence in January 2025. OUTPARCEL TO NEW PUBLIX-ANCHORED SHOPPING CENTER • The subject property is an outparcel to a 59,691 SF Publix-anchored shopping center that opened in Summer 2023. • The property is surrounded by multiple new retail developments, including Circle K, Heartland Dental, Tractor Supply, Jersey Mike’s, Spinx, Mod Car Wash, and more. • A 173-unit new construction luxury apartment community was completed this year directly across from the subject property. GREENVILLE MSA | LARGEST MSA IN SOUTH CAROLINA • The city of Greenville is the largest city and the county seat of Greenville County, South Carolina. • Greenville maintains one of the strongest economies in the Southeast, driven by financial institutions, the automotive industry, healthcare, and pharmaceuticals, and maintains an S&P AAA bond rating. • Major employers in the area include BMW Manufacturing Corp., Spartanburg Regional Healthcare System, Michelin North America, and more. BOILING SPRINGS (SPARTANBURG) | 5-MILE POPULATION GROWTH: 25% (2010–2022) • Boiling Springs is an affluent and growing suburb of Spartanburg, SC, approximately 30 miles northwest of Greenville. • The 5-mile population around the subject property is 63,045, reflecting 25% growth from 2010 to 2022. • Spartanburg is the county seat of Spartanburg County and the second-largest city in the greater Greenville–Spartanburg–Anderson Combined Statistical Area, which has a population of 1,385,045. • The University of South Carolina Upstate (6,356 students & 478 academic staff members) is 5 miles from the subject property. • Other colleges and universities in Spartanburg include Wofford College (1,800 students), Converse University (1,284 students), Spartanburg Community College (6,330 students), and more.