New 15-year Absolute Net Lease

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

Kura Sushi Credit

• The lease is corporately guaranteed by Kura Sushi USA, Inc.649 locations globally $226M revenue TTM | $729M market cap

Superior Location

• Pad building to a high-performing H-Mart grocery anchored shopping center.
• Located across the street from the 1.3 million SF Alderwood MallOne of the top performing malls in the state Recent mall redevelopment and expansion 10.5 million total visits per year (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 average household income exceeds $150,000.
• Nearby retailers include H-Mart, Ross Dress for Less, Costco, Home Depot, Target, Kohl’s, HomeGoods, Nordstrom, JC Penney, Macy’s, and Daiso.
• An exceptional chance to invest in a single tenant property in a highly sought-after location. The asset is positioned just northwest of Alderwood and is shadow anchored by H-Mart - the #1 location for the H-Mart Pacific NW brand of stores at 1.9M total visits over the past 12 months (Placer.Ai).
• Lynnwood Place has developed several properties adjacent to the subject within the last 10 years including a 500-unit multifamily development, Home Depot and Costco.
• Located 3⁄4 of a mile from the I-5 & 405 interchange – the most heavily trafficked freeways in the state.

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.

Newly Renovated/Tenant Capital Commitment

• Kura Sushi is making a large capital investment to fully renovate the building.

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.