New 15-year Absolute Net Lease

• Kura Sushi USA, Inc. signed a new 15-year lease with zero Landlord obligations.

Kura Sushi Credit

• Corporate lease guarantee (Kura Sushi USA, Inc.) 83 U.S. locations | 650+ global locations (parent) $282.8M TTM revenue | ~$840M market cap

Free- Standing Pad Building

• The opportunity to acquire a free-standing retail pad in the Alderwood trade area is extremely rare.
• Retailer demand for free-standing pad buildings in core trade areas is extremely robust.
• This is the only free-standing Kura Sushi building in the U.S.

Newly Renovated/Tenant Capital Commitment

• Kura Sushi completed over $3M in a full building remodel and opened in April 2025.

Superior Location

• Pad building to a high-performing H-Mart grocery-anchored shopping center.
• Located directly across the street from the 1.3 million SF Alderwood Mall, one of Washington’s top-performing regional malls, which has recently undergone redevelopment and expansion and generates approximately 10.5 million annual visits (Placer.ai).
• Located 2 miles from the new Lynnwood Light Rail Station
• The site is embedded within a dynamic and high-growth trade area. Within a 5-mile radius of the site, there are over 365,000 people, and the average household income exceeds $150,000.
• Nearby retailers include H-Mart, Ross Dress for Less, Costco, Home Depot, Target, Kohl’s, HomeGoods, Nordstrom, JCPenney, Macy’s, and Daiso.
• An exceptional opportunity to acquire a single-tenant investment in a highly sought-after retail corridor. The property is strategically positioned just northwest of Alderwood, shadow-anchored by H-Mart, the top-performing H-Mart location in the Pacific Northwest, generating approximately 1.7 million visits over the past 12 months (Placer.ai).
• Lynnwood Place has completed several major developments adjacent to the subject property over the past decade, including a 500-unit multifamily community, Home Depot, and Costco. The area continues to benefit from a major multifamily development pipeline, with 5,800+ units currently in the pipeline (UC / Approved / In Review) and approximately 14,800 total units projected by 2044, reinforcing long-term residential growth and demand.
• Located 3⁄4 of a mile from the I-5 & 405 interchange – the most heavily trafficked freeways in the state.

Contracted Rental Increases

• Kura Sushi’s lease contains 10% increases every five years increasing the initial cap rate by approximately 50 basis points every five years.

H-Mart Grocery Anchored

• Although not a part of the offering, H-Mart provides significant draw and stability to the property. The #1 performing H-Mart location in the Pacific Northwest.