INVESTMENT HIGHLIGHTS • Absolute NNN - no landlord responsibilities • ±16 years remaining on primary lease term • Recently renovated • Attractive 2% annual increases • Qualifies for bonus depreciation TENANT HIGHLIGHTS • 9 unit franchisee operator with a net worth of $25M • Chevron has ±8,000 locations in the US, with Arizona being one of the top states for number of locations • Chevron had $196.9B in sales and other operating revenues in 2023 • Additional personal guaranty with guarantor net worth above $29.25M • Property receives additional revenue from UHaul rentals, propane sales, and the restaurant LOCATION HIGHLIGHTS • Located on a hard corner with ±64,240 vehicles per day at 35th Avenue & Union Hills Road • Strong household incomes over $106,000 in a 5 mile radius • Close proximity to the 101 Freeway and I-17 Freeway