| Occupying ~51% of the property under a corporate lease with ~5 years of firm term remaining. |
| HotBox Pizza operates at a sub-5% rent-to-sales ratio, demonstrating strong unit-level performance and a healthy occupancy cost. |
| Both tenants feature meaningful rent growth in their renewal options. T-Mobile has 10% increases in each of its 2, 5-year options. |
| Positioned along N National Road with 23,498 VPD, surrounded by Target, Kroger, Walgreens, CVS, TJ Maxx, and numerous other national retailers. |
| More than 47,900 residents within 5 miles, with an average household income of ~$90,552 within 3 miles. |
Evan Beeson
Sands Investment Group
