| Corporate guarantee by Red Lobster Hospitality LLC - Recent 5-year extension demonstrates Red Lobster’s commitment to the site |
| Absolute NNN lease, no landlord responsibilities - Passive and management-free asset for investor |
| Long-term lease with over 23.5 years remaining due to a recent 5- year extension with 4 (5-year) options to extend |
| The lease features a rent increase of 5% in August, 2026 and thereafter increases 2% annually for the remainder of the term, compounding NOI and hedgi |
| Excellent location as a pad to a Lowe’s Home Improvement at the southwest corner of S. McCarran Blvd (39,100 VPD) and Kietzke Lane (25,700 VPD) |
| Within 1 block of the on/off ramps to Interstate 580 (132,000 VPD), the main north/south highway going through Reno |
Michael Cisternino
Essential CRE
