VALUE-ADD OPPORTUNITY BELOW REPLACEMENT COST ADJACENT TO WALMART AND SAM’S CLUB

• At the asking price this investment is being offered well below replacement cost at $124/SF

• New 20-Year Warranty TPO Roof for Tractor Supply & New 10-Year Warranty TPO Roof Completed for Gold Gym

• Ability to add/subdivide a parcel for a STNL Operator on Pad Site in the $75,000- $125,000 NNN

Annual Rent Range Potentially adding over $2M in Value to the Property

• Multiple Users have expressed interest including Automotive and Fast Food users

• Positioned just off Major Regional Throughfare US Hwy 34 (46,000+ VPD) Shadow Anchored by Walmart Supercenter and Sam’s Club and across from the Greeley Mall making this one of the region’s main shopping destinations. Additionally, there is easy Ingress/Egress off 23rd Avenue with exposure to high daily traffic counts (28,131+ VPD)

• This property benefits from being in direct proximity to University of Northern Colorado. Founded in 1889, the University of Northern Colorado is Colorado’s right-sized research university that is home to about 10,000 Students and is nationally recognized for its teacher preparation and health programs and its 100 undergraduate and 113 graduate degree programs.

HIGH PERFORMING LOCATION FOR GOLD'S GYM & TRACTOR SUPPLY

• Placer.ai data for this Gold’s Gym Location ranks it in the top 20 percent of locations

nationwide: Top Location in Colorado and #37 out of 180 nationwide.

• Tractor Supply Co. ranked #4 in Colorado and in the top 23% of stores nationwide

• Tractor Supply has demonstrated long term success at this location since they opened in July of

2012

• Experienced Gold’s Gym (Franchisee) with multiple locations within the region. This is a very

strong location with 5,250+ members and strong unit level financials. Tenant heavily invested into

their space including recently painting and updating their façade.

EXTREMELY LOW TRACTOR SUPPLY RENT

• Tractory Supply is paying a modest $183,668 or $5.05 per square foot in annual rent at the

subject property which is well below their national average of around $270,000 or $13+/SF across

their 2,200+ Stores

• Long term leases, extremely low rent, and robust placer.ai data indicates minimal risk for this

investment

INVESTMENT GRADE TENANT (NASDAQ: TSCO; S&P BBB)

• Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 291 on the Fortune

500. The Company’s more than 50,000 Team Members are known for delivering legendary service and

helping customers pursue their passions, whether that means being closer to the land, taking care

of animals or living a hands-on, DIY lifestyle.

• As of March 30, 2024, the Company operated 2,233 Tractor Supply stores in 49 states. TSC stores are located primarily in towns outlying major metropolitan markets and in rural communities. The typical Tractor Supply store has about 15,500 square feet of selling space inside, with a similar amount of outside space.