HY-VEE DOLLAR FRESH WITH STRONG REAL ESTATE FUNDAMENTALS • Full service grocery store fee simple leased to Hy-Vee, Inc. Established retailer with successful 80+ year operating history • Absolute NNN lease requiring no landlord management • Scheduled rental increases DOMINANT GROCER IN IOWA • Hy-Vee was founded in Iowa in 1930 and has developed into the dominant grocer in the State, holding the number one or two position in the most with 285+ stores and holds the number one or two position in the majority of the mid-sized cities in the State • Hy-Vee’s success has allowed them to expand into neighboring states - Minnesota, Nebraska, Illinois, South Dakota, Kansas, and Wisconsin DOLLAR FRESH BANNER • The Dollar Fresh banner is a new concept that Hy-Vee launched in 2018 (25 locations to-date) designed to be a one-stop shop for customers, with a broader product lineup, at competitive prices • By operating primarily as “self-checkout” store and eliminating full-service bakeries and delis, Dollar Fresh locations are able to offer attractive discounted pricing in an inflationary environment NEW “BUILD-TO-SUIT” LOCATION • The Subject Property is a new store that was purpose-built for Hy-Vee in March 2022 and has performed well since • Hy-Vee signed a new 15-Year lease (14.8 years remaining) and has six additional 5-year options (which would take the fully extended term to 2062)