| ATTRACTIVE IN-PLACE AND GOING-IN RETURNS: Delivers a 7.10% Year 1 Cash-on-Cash Return and an 11.25% Year 1 Total Return. |
| SIGNIFICANT NOI UPSIDE VIA LEASE STRUCTURE: The VITAS Healthcare lease converts to NN upon renewal. |
| DIVERSIFIED TENANT MIX WITH NATIONAL CREDIT: Anchored by Furniture One Liquidators and supported by VITAS Healthcare, along with One + Pickleball. |
| BELOW REPLACEMENT COST BASIS: Offered at $215.80 per square foot, providing downside protection and favorable basis. |
| STRONG SUBMARKET RENT FUNDAMENTALS: According to CoStar, average asking rents in the submarket are approximately $32.00 PSF. |
| LIMITED NEAR-TERM CAPITAL EXPENDITURE: Concrete block construction with a metal roof offering significant remaining useful life. |
Tarek Chbeir
Marcus & Millichap
