Investment Overview

LOCATION: LOCATED IN BUFORD, GEORGIA, A HIGHLY AFFLUENT AND HIGH GROWTH MARKET LOCATED APPROXIMATELY 35 MILES NORTHEAST OF DOWNTOWN ATLANTA • Located in one of the most-dense retail corridors in the state of Georgia off heavily trafficked Buford Drive- over 98,000 cars/day on Buford Drive • Located approximately 1 mile from Mall of Georgia- Mall of Georgia is 1.8M SF with over 225 stores- per placer.ai, Mall of Georgia had over 7.3M visitors the past 12 months which ranks as the #1 mall in the state of Georgia and the #6 mall in the U.S. • Nearby traffic generators in the immediate area include: Walmart, Home Depot, Lowe’s, Costco, Sam’s Club, Hobby Lobby, Best Buy, Target, T.J.Maxx/HomeGoods, Sprouts, Marshall’s, and several auto-dealerships including Porshe, Volvo, Carmax, Honda, Buick, Mazda, Toyota, and Nissan • Located approximately a quarter mile off Interstate 985- over 73,000 cars/day • Buford is home to Lake Lanier- most visited federally operated lake in the U.S. with over 19M visitors- over $5.5B estimated annual economic impact • Currently there are nearly 150,000 residents within a 5-mile radius with an expected growth rate of over 5.0% over the next 5 years • Average Household Income is over $120,000 within 5 miles, over $118,000 within 3 miles • Atlanta ranks as one of the nation’s top markets for Fortune 500 Companies (15) that include UPS, Delta, Coca-Cola, and Home Depot • Currently there are over 6.3M residents in the Atlanta MSA with an expected growth of 3.3% over the next 5 years- Median Household Income in the Atlanta MSA is $97,000, compared to the national average of $76,000 • Atlanta is home to the world’s busiest airport by passenger volume with over 106M passengers in 2025 TENANT: STRONG CORPORATE GUARANTEE FROM ACADEMY SPORTS & OUTDOORS • Academy Sports, based in Katy, TX and founded in 1938, currently operates over 320 locations across 21 states- recently expanded into two additional states (PA & MD) • In 2025, Academy Sports posted revenue of $6.05B, which was a year-over-year growth of 2.0%, and a net worth of $2.075B LEASE TERMS & CONSTRUCTION: LONG-TERM NET LEASE WITH INCREASES • Academy Sports signed a long-term 15-year NN Lease in 2019 that expires on February 28, 2035 • $.50/SF increases every 5 years, including the three (3), five (5) year options- next increase is March 1, 2030 • State of the art 63,000 SF building that was constructed in 2019 • Large Lot- total of 5.059 acres • Below replacement cost- at list price, price/SF is only $207/SF