RECENT PRICE REDUCTION | UPCOMING RENT INCREASE - Price recently reduced to $5,430,000.00 (5.63% CAP) - 2.00% Base Rent Increase Effective November 1, 2024 (NOI Increase to $305,774.92) SECURE INVESTMENT GRADE TENANT - Bank of America, National Association (NYSE: BAC) holds credit ratings of Aa2 (Moody’s), A+ (S&P), and AA (Fitch) - Currently the 2nd largest financial institution in the United States holding $2.40 trillion in assets (FDIC 2021) MINIMAL LANDLORD RESPONSIBILITIES | STABLE CASH FLOW - Landlord’s annual expense responsibility is capped at $92,946.92, which was established at the inception of the Lease (2003) - Additionally, Landlord is responsible for maintenance of roof and structure - Tenant is responsible for all operating expenses in excess of established cap and all other maintenance TOP PERFORMING BRANCH | STRONG DEPOSITS - The subject branch has substantial deposits totaling in excess of $331,000,000.00 - Total branch deposits rank 4th among all Bank of America branches in Tarrant County (33 total) - Annual deposits have increased nearly 195% from 2003 to 2023, including a 35% increase between 2018-2022 PROVEN RENT GROWTH - By the end of the most recent extension term (October 2027), annual base will have increased 55% since lease inception (2003) - Based on previous lease extension, it is anticipated rent will continue to increase no less than 2.00% annually IRREPLACABLE LOCATION - The subject branch services a densely populated area of Souther Arlington, in one of the cities busiest areas along the I-20 corridor - The closest Bank of America branches are 5+ miles to the East and over 10 miles to the West - Current retail inventory in the trade area is low = high barriers to entry TENANT COMMITMENT TO LOCATION - Bank of America has completed multiple interior/exterior remodels, at their own cost, with the most recent occurring in 2021 - Extension options have been exercised consistently, well in advance of expiration date and additional 5-year extension were added in connection with the most recent renewal POTENTIAL FUTURE REDEVELOPMENT - Total site size is 2.05 acres, which is larger than most traditional freestanding bank sites - Future redevelopment as multiple pad sites for QSR use could be of interest to a potential buyer