• The tenant recently signed a brand new 10-year lease with 2 (5-year) option periods to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation • The landlord is responsible for CAM, Taxes, and Insurance; however, gets reimbursed for all operating expenses • Ideal, low-management investment opportunity in a state with no state income tax • The lease is signed by the corporate entity (S&P: BBB) • Founded in 1898, Cox Communications is the largest private broadband provider in the Unite States • Cox Enterprises is a global company with 50,000 employees and $23B in revenue • Cox Communications, a subsidiary of Cox Enterprises, is the third-largest cable television provider in the U.S. serving approximately 6.5M customers, including 2.9M digital cable subscribers, 3.5M internet subscribers, and almost 3.2M digital telephone subscribers, making it the seventh-largest telephone carrier in the country • A Fortune 500 company, Cox Communications achieved over $11B in revenue in 2023