• The tenant, Shake Shack, recently signed 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 • Shake Shack recently crossed its 500th restaurant globally and announced Q3 2023 revenue growth of 21%, in-store sales growth of 9%, and average weekly sales hit $74,000, annualizing to $3.9 million average unit sales