| Single Tenant Absolute NNN Grocer - The entire collateral is wholly leased to Smart & Final, who subleases 18,660 square feet to Planet Fitness. |
| Rare Embedded Annual Rent Increases - Smart & Final’s lease features annual 2% rent increases; providing consistent NOI growth for an investor. |
| Absolute NNN Lease - Single tenant asset (subject to sublease with Planet Fitness) on an absolute NNN lease, with no landlord responsibilities. |
| Seasoned Tenant - Smart & Final has been in occupancy since 2016 and executed a new 16-year lease in 2019. |
| Prominent Freeway Frontage and Visibility - Approx.800 feet of linear frontage and prominent monument signage along US Route 101. |
| Affluent Household Demographics - Average household incomes of approximately $110,000 within a three-mile radius. |