BRAND NEW 15-YEAR NNN GROUND LEASE

This offering features a new 15-year absolute NNN ground lease with Sheetz, Inc., one of the largest and most successful privately held convenience store chains in the United States.

RAPIDLY EXPANDING CONVENIENCE STORE CHAIN

Headquartered in Altoona, PA, Sheetz, Inc. has grown from a single store into a leading convenience and fuel retailer with approximately 800 locations across six states. Family-owned and operated, the brand is known for its strong reputation, consistent customer experience, and no-franchise model that preserves quality and brand integrity. With a forward-looking growth strategy, Sheetz continues to expand rapidly in high-demand corridors across both established and emerging markets.

ADJACENT TO EASTERN MICHIGAN UNIVERSITY

Sheetz is just 5 minutes from Eastern Michigan University - a public research university in Ypsilanti, Michigan, enrolling approximately 12,600 students and employing nearly 1,000 faculty members. As a major regional anchor located between Ann Arbor and Metro Detroit, EMU supports a steady daytime population and drives ongoing demand for housing, retail, and services.

ZERO LANDLORD OBLIGATIONS

This NNN ground lease eliminates landlord management responsibilities, providing a truly hands-off ownership structure. It is ideally suited for passive investors seeking stable, long-term income with minimal operational involvement.

STRATEGIC LOCATION NEAR ANN ARBOR MARKET

Prominently situated just 15 minutes from Ann Arbor, this location positions Sheetz to capitalize on one of Michigan’s strongest and most resilient economic markets. Ann Arbor’s large student population, highly educated workforce, and affluent demographics generate consistent commuter and visitor traffic, while major employers, healthcare systems, and the University of Michigan support a strong daytime population. This proximity enhances fuel and convenience demand from daily commuters, regional travelers, and university-related activity, strengthening long-term sales performance and site viability.

CONTRACTUAL RENT ESCALATIONS

The lease features scheduled rental escalations, including 5% increases every five years throughout the initial term and 10% increases across all seven renewal options, delivering consistent income growth over the life of the investment.

COMPETITIVE ADVANTAGE

Being the only Sheetz location within a 15-mile radius provides a significant competitive advantage, capturing unmet demand and establishing the brand as the primary destination for fuel, food, and convenience needs in the trade area.

SIGNALIZED CORNER

Located at the signalized intersection of W. Michigan Ave. and S. Hewitt Rd, the site has superior access to I-94 and to Washtenaw Ave., which is the primary east-west arterial corridor connecting Ann Arbor and Ypsilanti.