Investment Overview

•15-year lease vs. the industry standard 10 years — 50% more guaranteed term •Newly signed lease — maximum remaining term, no seasoning risk •Investment-grade, publicly traded tenant — AZO (NYSE) with a BBB credit rating •True NNN ground lease — zero landlord responsibilities, truly passive income •Built-in inflation protection: 10% bump in 2029; 7.5% bump with every option. •Six 5-year options — tenant has decades of runway if they choose to extend •One of the nation's top-growth MSAs with 314,383 residents within 5 miles •Strong demographics: $97,351 average household income within 5 miles •Florida tax benefits — no state income tax on investment income •$60,500 NOI — clean, predictable, unencumbered income