| 15-year net lease (12+ years remaining) to Grocery Outlet, with over 500 locations nationwide. |
| 10% rental increases every five (5) years in the initial term and four (4) option periods. |
| Corporate-backed lease by Grocery Outlet Inc., a publicly traded company (NASDAQ: “GO”), enhances investment security with a proven track record. |
| Grocery Outlet has demonstrated financial stability, with a market cap exceeding $1.5 billion as of 2025. |
| The company narrowed its 2025 net sales outlook to a range of about $4.70B to $4.72B, which represented roughly 5% to 6% year-over-year growth |
| The company’s updated full-year 2025 outlook raised guidance from 33–35 net new stores to 37 new store openings. |
Ryan Forsyth
Cushman & Wakefield
