| Franklin Electric Co., Inc. (NASDAQ: FELE) guarantees the lease. Franklin Electric has a market capitalization exceeding $4.66 billion. |
| Annual base rent will increase by the greater of 3% or CPI-U, offering absolute inflation protection. |
| The tenant, Drillers Services, LLC (DSI), is part of Headwater Companies, LLC, a wholly owned subsidiary of Franklin Electric. |
| DSI was founded as Drillers Services, LLC in 1954. DSI is a wholesaler to the water industry, including water well, wastewater, and environmental. |
| DSI currently operates in 3 leased locations in Ocala. |
| The subject property effectively quadruples the tenant's laydown yard and consolidates operations into 1 modern, highly functional warehouse building. |
Eric Vultaggio
Sands Investment Group
