| New 8-year lease with Lear Corporation (NYSE: LEA), an investment-grade (BBB - S&P) global automotive supplier, providing stable and reliable income |
| Lear Corporation is a Fortune 500 company generating approximately $23.3 billion in annual revenue, with long-standing relationships with major OEMs |
| Attractive 7.25% cap rate offering above-market yield for an investment-grade tenant, presenting a compelling risk-adjusted return |
| Directly Supports Nearby Lear Manufacturing Facility - The property serves as a critical extension of Lear’s Farwell operations |
| Double net (NN) lease structure with tenant responsible for taxes, insurance, and CAM, minimizing landlord responsibilities |
| Built-in rent escalations with income growing from $569,424 to $628,520 in 2027 and $659,925 in 2030, providing steady NOI growth and inflation hedge |
Deno Bistolarides
Encore Real Estate Investment Services
