INVESTMENT HIGHLIGHTS • Absolute NNN - no landlord responsibilities • Long term primary lease (±18 years remaining) • Qualifies for accelerated depreciation • Rental increases every 5 years to hedge against inflation STRONG OPERATOR • Franchisee operator has been in business for over 16 years • Strong personal guaranty with guarantor net worth above $29.25M • Gross annual revenue is over $87M • Franchisee operates 17 locations • Extremely high unit level sales PROPERTY HIGHLIGHTS • Located adjacent to the I-17 Freeway (±220,585 VPD) • Extremely busy intersection with over 99,000 combined VPD • ±1.5 miles from Grand Canyon University (±25,000 students on campus) • Densely populated trade area (±497,805 residents in a 5 mile radius)