HIGH PROFILE BRAND

• Planet Fitness has over 2,400 locations and is considered one of the fastest growing fitness franchises in the US | More than 17M members

ATTRACTIVE LEASE FUNDAMENTALS

• Tenant signed a brand new 15 year NNN lease | 10% rental increases every 5 years and during each option period | Minimal Landlord responsibilities

NEW CONSTRUCTION

• New building is built to suit tenant’s operations | Warranties will be assigned to new owner

AFFLUENT CHARLOTTE SUBMARKET

• Average Household Income exceeds $110K | 4.0% annual population growth rate | Approximately a 30 minute drive to Charlotte Center City

LOCATED IN CLOVER’S RETAIL HUB

• Over 450K SF within a 0.5 mile boasting a 0% vacancy rate, and 10K sf of positive absorption in TTM | Nearby Major Retailers include: Publix, Lowes HI, Walmart, and Food Lion

HIGH GROWTH CHARLOTTE MSA

• Charlotte is ranked as the 6th fastest growing large metro in the nation (population: 2.7M+) | Over $1.4B of capital investment was deployed in the Charlotte MSA in Q3 2023 alone