Investment Overview

LOCATION HIGHLIGHTS DENSE INFILL MIAMI LOCATION ACROSS FROM BAPTIST HEALTH HOSPITAL * Directly across the street from Baptist Health South Miami Hospital * A 452-bed hospital with over 1.3M SF of medical office space * Located approximately 1 mile from University of Miami- 20,000 students * Incredibly dense upscale retail corridor * Approximately 1 mile from Shops at Sunset Place, an upscale 500K SF outdoor mall with a 24-screen AMC * Other nearby retailers include Whole Foods, Sprouts, CVS, Chipotle, Target, Best Buy, and Marshalls * Located in close proximity to nearly 2,500 upscale residential units, many of which have concierge services * Located on the metro rail-line with has a total of 23 stations * Located approximately 9 miles from downtown Miami * Miami-Dade MSA has a population of roughly 2.7 million making it the 7th most populated county in the U.S. * MSA is expected to increase in population by approximately 2% over the next 5 years * Miami is a major North American tourist destination and is expected to have approximately 28 million visitors in 2026 * High density location with over 320,000 residents within a 5-mile radius * High average household income area- over $135,000 within a 5-mile radius and over $131,000 within 1 mile TENANT HIGHLIGHTS CORPORATE GUARANTEE FROM TACO BELL OF AMERICA, LLC * Taco Bell, founded in 1962, currently operates over 8,700 restaurants across 32 countries worldwide * Taco Bell of America, LLC is a wholly owned subsidiary of Yum! Brands, Inc. * Yum! Brands, Inc., founded in 1997, operates over 44,000 locations across 151 countries under the brands Taco Bell, KFC, and Habit Burger * Total revenue of $8.214 billion in 2025 LEASE TERMS & PROPERTY INFO HIGHLIGHTS LONG-TERM ABSOLUTE NNN LEASE WITH ANNUAL ESCALATIONS * Long-term absolute NNN lease with base term that expires in 2037 * Fee-simple lease allowing for depreciation and cost segregation tax benefits * Annual CPI escalations (or minimum of 2.0% each year) * 2,152 SF state-of-the-art construction built in 2023 * High traffic corner parcel location