DURABLE, CREDIT-BACKED INCOME

• Two national tenants generating $557,175 in NOI with 100% occupancy and an 8.2-year rent-weighted average lease term
• Olive Garden is operated by a wholly owned subsidiary of Darden Restaurants (NYSE: DRI), which maintains investment-grade ratings from Moody’s, S&P, and Fitch
• Kohl's Corporation, which is rated BB- by Fitch and B+ by S&P, generated $15.5 billion of total revenue and $272 million of net income in fiscal year 2025 across more than 1,100 stores

PROVEN LOCATION & TENANT COMMITMENT

• Kohl’s has occupied the site since 2003 and recently extended its lease in 2023, underscoring long-term commitment and strong store performance; the location was further enhanced with a Sephora addition in 2024
• Kohl’s lease includes eight 5-year renewal options with contractual rent increases, providing occupancy potential through 2074
• Olive Garden completed a ground-up build-to-suit in 2025, reflecting Darden’s long-term commitment to the trade area and confidence in the corridor’s retail fundamentals

FAVORABLE LEASE STRUCTURE

• Kohl’s lease is structured triple-net, with the Tenant paying all real estate taxes, insurance, utilities, parking lot maintenance and interior maintenance. Landlord responsibilities are limited to roof, exterior walls and structure
• Olive Garden is a ground lease with no landlord repair, maintenance or capital obligations for the improvements
• Olive Garden's rent increases 10% every five years, providing contractual inflation protection and growing in-place income