• The tenant, Sonic, recently executed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years and at the beginning of each option, generating NOI and providing a hedge against inflation • Sonic was ranked #13 of QSR Magazine’s 2023 Fast Food Top 50 with an increase in two-year same-store sales by 25.8% • Sonic sales grew over $1 billion during 2020, attributed to their distinguished drive-in model and broad menu