NEW CONSTRUCTION LES SCHWAB TIRES GROUND LEASE

• 20-Year Absolute Triple-Net Ground Lease
• Zero Landlord Responsibilities
• 5 x 5-year options & 10% rent increases every five years

CORPORATELY GUARANTEED BY LES SCHWAB - LS GROUP PARENT OPCO LLC

• Les Schwab operates 526 tires and brakes service centers (as of 4.12.24) across 10 US states.
• The company was acquired by the private equity firm, Meritage Group in 2020 for approximately$3 billion after being owned by the Schwab.
• In Q1 2021, Les Schwab operated 444 locations, this has increased 18.5% under the Meritage Group to 526 locations.

PAD SITE TO BRAND NEW 200-ACRE MIXED USE DEVELOPMENT, LEDGE ROCK CENTER

• Upon completion, the development will feature 1,200 apartment units, 160 single-family homes, and over 1 million SF of retail.
• The center is anchored by both Woods Super Market (85,000 SF) & Murdoch’s Ranch & Home Supply (50,000 SF). Ledge Rock will be the first location in Colorado for Woods, they currently operate 10 grocery stores in Missouri.

EXCELLENT INGRESS & EGRESS AT EXPANDING NORTHERN COLORADO I-25 HIGHWAY EXIT

• The subject property is located on the southeast corner of I-25 and US Highway 60 (97,800 VPD). This interchange provides efficient access from both southbound and northbound directions of I-25. There is signage visible from the highway as well.

NORTHERN COLORADO GROWING AT REMARKABLE RATE

• Johnstown, CO has seen an 84.75% population growth since 2010, making it one of the fastest-growing communities in the state. Johnstown’s population is expected to grow another 22% by 2028.