SMASH BURGER STRIP CENTER

FIRST WATCH (NASDAQ: FWRG)

#1 Most Visited Location in Texas | 95th Percentile Nationwide per placer.ai | Within Academy Sports, TJ Maxx Anchored Retail Center | Prime Highway 77 Retail Corridor Location - Immediate Access to Interstate 35

Waxahachie (Dallas-Fort Worth MSA), TX

Price: $3,913,000

Cap Rate: 5.75%

Lease term: 11 years

BLUEWAVE EXPRESS CAR WASH

20 Year Absolute Net Lease | Qualifies for Bonus Depreciation | 1.5% Annual increases | Internet Resistant and Recession-Proof Investment

Harlingen (Rio Grande Valley), TX

Price: $6,631,940

Cap Rate: 6.75%

Lease term: 20 years

BLUEWAVE EXPRESS CAR WASH

20 Year Absolute Net Lease | Qualifies for Bonus Depreciation | 1.5% Annual increases | Internet Resistant and Recession-Proof Investment

Livingston (Houston MSA), TX

Price: $6,429,035

Cap Rate: 6.65%

Lease term: 20 years

DOLLAR TREE & BIG BLUE SWIM SCHOOL

W/in a Home Depot & Albertsons Anchored Retail Center | Densely Populated and Affluent San Diego Area | Immediate Access to/from Interstate 15 | Minutes from Palomar Medical Center, California State University San Marcos

Escondido (San Diego MSA), CA

Price: $7,840,000

Cap Rate: 6.15%

Lease term: 10 years

CLEARWATER EXPRESS CAR WASH

20 Year Absolute Net Lease | Qualifies for Bonus Depreciation | 1.5% Annual increases | Internet Resistant and Recession-Proof Investment

Cypress (Houston MSA), TX

Price: $6,319,261

Cap Rate: 6%

Lease term: 20 years

MAZDA DEALERSHIP & SERVICE CENTER

Brand New 2024 Construction | Trophy San Diego Location with Interstate 805 Freeway Frontage | 17+ Year NNN Lease

San Diego, CA

Price: $21,750,000

Cap Rate: 5.31%

Lease term: 17 years

LUBEZONE (NYSE: ARES)

Strategically Located on I-20 Business Loop | Annual Rental Increases | Direct Access to I-20 & Hwy 385 | Near Odessa Motor Freight Terminal & Union Pacific Rail Yard | Core Trucking Corridor for West Texas Logistics | Densely Populated Area

Odessa (West Texas), TX

Price: $1,800,000

Cap Rate: 8%

Lease term: 3 years

BLUEWAVE EXPRESS CAR WASH

20 Year Absolute Net Lease | Qualifies for Bonus Depreciation | 1.5% Annual increases | Internet Resistant and Recession-Proof Investment

Eagle Pass (Southwest Texas), TX

Price: $5,268,314

Cap Rate: 7%

Lease term: 20 years

BURGER KING

w/ Drive Thru | Long Term Absolute Net Lease | Strategic I-40 Corridor Location | Hard-Corner Site Along Brownsville Loop & Hwy 31 | Immediate Access to Interstate 40 – a Key East-West Artery Connecting Little Rock & Memphis

Lonoke (Little Rock MSA), AR

Price: $1,940,000

Cap Rate: 6.25%

Lease term: 12 years

ADVANCE DERMATOLOGY

Recent Lease Extension | 3% Annual Rental Increases | Near Colorado State University: 35k+ Students | Densely Populated and Affluent Area | Minutes from Medical Center | Fort Collins is Consistently Ranked Among the Top U.S. Cities for Quality of Life

Fort Collins, CO

Price: $1,075,000

Cap Rate: 6.95%

Lease term: 4 years

TRACTOR SUPPLY (NASDAQ: TSCO)

Opportunity Zone | Investment Grade Tenant | Part of Village Commons: New 40-Acre Mixed- Use Development | Adjacent to Tyson Foods’ $425 Million Poultry Complex (2021) & 330,000 SF FedEx Distribution Facility (2023)

Humboldt (West Tennessee), TN

Price: $6,956,522

CLEARWATER EXPRESS CAR WASH

20 Year Absolute Net Lease | #1 Texas Operator | Qualifies for Bonus Depreciation | 1.5% Annual increases | Internet Resistant and Recession-Proof Investment

Dallas, TX

Price: $6,370,986

Cap Rate: 6%

Lease term: 20 years

DOLLAR GENERAL

Long Term Absolute Net Lease | Along US-59 - Key North-South Transportation Route through Eastern Oklahoma | Limited Competition - Next Nearest Dollar General is 8+ Miles away

Sallisaw (Outside Tulsa), OK

Price: $1,324,431

Cap Rate: 6.5%

WALGREENS

NNN Lease | Near Chenal Valley Master Planned Community | Signalized Hard Corner | Densely Populated & Affluent Area: $121k+ Avg. HHI | 17+ Year Historical Occupancy | Immediate Area Experiencing Major Growth

Little Rock, AR

Price: $7,425,715

Cap Rate: 7%

Lease term: 7 years

RAISING CANE'S

Top 2% in the Chain | w/ Dual Drive-Thru | 15-Year Absolute Net Ground Lease | Los Angeles Trophy Location - Generational Opportunity | Pad to Brand New Construction Target | Signalized Hard Corner | Directly Across Top 2% Most Visited Home Depot

Los Angeles, CA

Price: $8,111,111

Cap Rate: 4.5%

Lease term: 14 years

POPEYES

w/ Drive Thru | 20 Year Absolute Net Ground Sale Leaseback | Brand New 2024 Construction | Along Highway-180 - Main Thoroughfare through Mineral Wells | Near Shopping Center | Minutes from Industrial Park, Airport and Numerous Schools

Mineral Wells (Outside Fort Worth), TX

Price: $2,836,364

Cap Rate: 5.5%

Lease term: 20 years

CITYVET

NNN Lease | Prime Central Denver Location - 500k+ Population w/in 5 Miles | Signalized Corner | Surrounded by Government, Cultural & Tourist Hubs | Densely Populated Capitol Hill Neighborhood | $117K+ Avg. HHI w/in 3 Miles | Near Major Universities

Denver, CO

Price: $2,975,000

Cap Rate: 6%

Lease term: 7 years

MATTSCO SUPPLY COMPANY

Absolute Net Lease | Bonus Depreciation | 2.25% Annual Increases | Oklahoma’s Leading Pipe Supplier | Situated within one of the Tulsa Metro’s most Established Industrial Corridors | Well Configured Industrial Asset

Tulsa , OK

Price: $8,852,372

Cap Rate: 6.75%

Lease term: 8 years

SMALLS SLIDERS

w/ Dr-Thru | Absolute NNN Ground Lease | Rapidly Expanding Fast Casual Burger Concept | Brand New Construction | Houston Infill - Avg. HHI of $127k - 380k+ People within 5 Mile Radius | Immediate Access to I-10 and Sam Houston Tollway

Houston, TX

Price: $1,840,000

Cap Rate: 6.25%

Lease term: 15 years

TRP LABORATORIES

Long Term Absolute Net Lease w/ 3.50% Annual Increases | Leader in Transportation Sciences | Within a Key Industrial and Manufacturing Hub | In Close Proximity to Major Freeways and Highways

Aurora (Denver MSA), CO

Price: $15,107,031

Cap Rate: 6.72%

Lease term: 18 years