» ABSOLUTE-NET GROUND LEASE: Corporate AutoZone Ground Lease Structure
Eliminates All Landlord Expense Obligations — Tenant Is Responsible For All Property Expenses, Maintenance, Roof And Structure, Resulting In A True Zero-Management Investment With No Out- Of-Pocket Ownership Costs

» 10% RENT INCREASES EVERY FIVE YEARS THROUGHOUT BASE TERM AND OPTIONS: Scheduled Rent Bumps In 2029 And Continuing Through Four 5-Year Option Periods, Growing NOI To $198,415 Annually By The Final Option

» CORPORATE GUARANTEE FROM AUTOZONE, INC. (NYSE: AZO): Backed By AutoZone’s Investment-Grade Balance Sheet, $18.94 Billion In Annual Revenue And 7,500+ Global Locations — One Of The Most Creditworthy Retail Tenants In The Net Lease Market With Zero Debt On The Landlord’s Position

» IRREPLACEABLE SOUTHERN CALIFORNIA GROUND LEASE ASSET: High-Barrier-To-Entry Ventura County Market With Long-Term Land Control And Minimal Capital Exposure

» LOCATED WITHIN VENTURA COUNTY’S PREMIER RETAIL CORRIDORS: The Property Benefits From Proximity To The Ventura Freeway (US-101), Major National Retailers, Auto-Oriented Demand Drivers And Dense Residential Communities

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