Absolute NNN Lease Structure + Newer Development: The site operates on an Absolute NNN lease structure, creating a completely passive investment, with over 18 years of primary term remaining. The site finished construction at the start of 2023 and features a ground up construction of Popeyes latest prototype. Desirable Fixed Rental Increases: The lease features 7% fixed rental increases every 5 Years, providing an investor with a strong hedge against inflation, and future value generation. Strong Regional Operator: The site is operated by Legacy Chicken, LLC – a multibrand operator of both Popeyes and Burger King stores throughout the Mountain West Region. Legacy Chicken recently signed an agreement to develop ±15 new Popeyes stores in New Mexico over the next 4 years, further strengthening the guarantee of the lease. Growing Market + Primary Retail Corridor: Over the last 4 years, Cortez has seen population growth of 3% on average year over year. The 1-Mile population is projected to increase over 8% over the next 5 years. The site sits along Cortez’s primary retail corridor and main thoroughfares and is surrounded by other national tenants such as Walmart, Arby’s, Sonic Drive- In, McDonald’s, Safeway, Ziggi’s Coffee, Burger King, Best Western, Big O Tires, and dozens of local brands. Broker of Record Brayden Conner License No. EC.100099522 (CO)