| Banfield Pet Hospital, a wholly owned subsidiary of Mars, Inc., is the 2nd largest veterinary hospital in the country, boasting over 1,000 locations. |
| The lease is signed by Banfield’s top-line entity (Medical Management International, Inc.), providing a guarantee of over 1,000 units. |
| Banfield Pet Hospital recently executed an early 5-year extension, bumping the lease term to 8+ years, underscoring its long-term commitment. |
| The lease features 10% rental increases every five years, along with three additional five-year renewal options. |
| Gainesville is home to the University of Florida, a top-tier public university and major economic driver, supporting a large, stable employment base. |
| Continued population growth driven by the University of Florida, healthcare employment, & in-migration supports long-term demand for essential service |