| Corporate Guarantee, which provides security behind the lease obligations. |
| Approximately ±7.25 years remain on the current lease, with three additional 5-Year renewal options providing long-term security. |
| Surrounding major developments with a new planned Costco development just 0.3 miles east of the site. |
| The lease provides for a passive, landlord-friendly expense structure with landlord expenses limited to replacement of roof and structure. |
| Retail rents in the Pensacola Market have risen an average of 3.4% annually over the past three years. |
