3085 S Virginia St, Reno, NV 89502

CORPORATELY GUARANTEED LEASE WITH 7-ELEVEN, INC. | INVESTMENT GRADE CREDIT (S&P: A-) | 7-ELEVEN IS THE LARGEST C-STORE RETAIL CHAIN IN THE WORLD | 77,000+ STORES WORLDWIDE / 13,000+ LOCATIONS IN NORTH AMERICA

• 7-Eleven, Inc. (S&P: A- / Moody’s: Baa2)

• Headquartered in Irving, TX (US operations), 7-Eleven operates a chain of 13,000+ convenience store locations in North America

• The global 7-Eleven chain operates 77,000 stores worldwide

• 2024 Revenue $11.97 Trillion (JPY) / Net Income $173.07 Billion (JPY)

LONG-TERM COMMITMENT | 10.4 YEARS OF PRIMARY TERM REMAINING | 10.00% RENTAL INCREASES EVERY 5 YEARS DURING THE BASE TERM | 7.50% RENTAL INCREASES DURING EACH OF THE FIRST 3 (5-YEAR) OPTIONS | FMV IN OPTIONS 4 & 5 | EXTREMELY PASSIVE ABSOLUTE NNN LEASE | FEE SIMPLE LEASE, ALLOWING FOR ACCELERATED DEPRECIATION

• 15-year original lease, 10.4 years of firm lease term remaining

• 10.00% rental increases every 5 years during the base term

• 7.50% rental increases during each of the first 3 (5-Year) options, and FMV in Options 4 & 5

• Absolute NNN lease with zero landlord responsibilities. This NNN investment is ideal for both in-state and out-of-state investors.

• Fee simple (Land & Building) asset sale, allowing for accelerated depreciation

MAIN-ON-MAIN US ROUTE 395 (28,109 VPD) LOCATION | LOCATED 0.80 MILES WEST OF RENO-TAHOE INTERNATIONAL AIRPORT (4.7 MILLION ANNUAL PASSENGERS) | LESS THAN 1 MILE FROM PEPPERMILL RESORT SPA CASINO (1,621 ROOMS), ATLANTIS RESORT SPA CASINO (824 ROOMS), AND RENO-SPARKS CONVENTION CENTER (600,000 SF)

• Main-on-Main location, the subject property is located directly on US Route 395 (28,109 VPD)

• US 395 connects downtown Reno, Midtown, and University of Nevada, Reno (21,000 students), US 395 is the primary north/south interior road, and host to seven (7) of Reno’s major casinos (El Dorado, Circus Circus, Silver Legacy, Grand Cal Neva, Peppermill Resort Spa Casino, and Atlantis Resort Spa Casino)

• Located 0.80 miles west of Reno-Tahoe International Airport (4.7 million annual passengers)

• Only 2.2 miles south of the world famous Reno Riverwalk District

• 600 ft to the Peppermill Resort Spa Casino (1,621 rooms)

• 2,000 ft to the Atlantis Resort Spa Casino (824 rooms)

DOWNTOWN RENO, NV LOCATION | GROWING & STABLE DEMOGRAPHICS | CLOSE PROXIMITY TO MAJOR EMPLOYERS, HOUSING & CASINO COMPLEXES

• Growing and stable demographics, 95,388 people with an average household income of $82,047 within 3 miles of the subject property

• Reno had an estimated population of 264,165 at the time of the 2020 Census. By July 1, 2024, the estimate rose to 281,714, representing an increase of 17,549 residents—or approximately 6.7% over that four-year span. (Census.gov)

• The subject property benefits from close proximity to major employers (7 major casinos on US 395), large new multi-family developments along US 395 & Gentry Way (Vintage at Sanctuary 208 units, Basecamp 340 units, Atwood 359 units, Emory at RED 282 units, RED 438 units (proposed)