| LONG-TERM LEASE: 12-year absolute NNN lease with passive income and scheduled rent increases. |
| NO LANDLORD RESPONSIBILITIES: Absolute NNN—tenant covers taxes, insurance, and all maintenance. |
| CLEAN ENVIRONMENTAL: 2021 Phase I ESA found no issues; tenant is responsible for all remediation and capital items, minimizing owner risk. |
| ESSENTIAL SERVICE TENANT: Jiffy Lube operated by a strong regional franchisee (The Foster Group, 9 units in MT & ID). |
| ESTABLISHED LOCATION: High-traffic Cedar Street corridor with direct I-15 access; operating successfully since 2017. |
| TAX POSITION: Significant cost-segregation potential with eligibility for 100% bonus depreciation to enhance year-one after-tax returns. |
Michael Federico
Northmarq
