| Corporate guaranteed Caliber Collision lease backed by institutional ownership and insurance-driven demand |
| Purpose-built 12,600 square foot collision facility with high tenant relocation costs |
| Located in rapidly growing Des Moines metro with strong surrounding vehicle density |
| Difficult-to-obtain collision repair zoning creates significant barriers preventing nearby future competition |
| Built in 2019, minimizing near-term capital expenditure exposure for ownership stability |
| Double net lease structure provides operational security with fee simple depreciation benefits |