NEC Norterra Pkwy & Happy Valley Rd, Phoenix, AZ 85085

INVESTMENT HIGHLIGHTS

• New, long-term 15-year absolute NNN ground lease; landlord has ZERO responsibilities

• Corporate guarantee from Firebirds International, LLC, with 70 locations across 20 states and named one of 10 Breakout Brands by Nation’s Restaurant News

• Brand-new freestanding building, part of new Union Street at Norterra development

• Strong 12% increases every 5 years throughout the primary lease term and option periods, providing predictable and stable revenue growth

• High-performing restaurant chain with double digit year-over-year sales growth for the past five consecutive years

• Phase II of Union Street development includes future multi-family and a future grocer, drawing consistent traffic to the shops

LOCATION HIGHLIGHTS

• Conveniently located off Interstate 17 with over 145,000 vehicles per day

• Immediately adjacent to new dual-branded AC hotel by Marriott and Element by Westin (four stories with ±277 short-stay and long-stay rooms), providing consistent customer flow to current tenant base

• Strategically located in a mature, high-performing shopping and dining corridor anchored by a key regional retailers and restaurants

• Norterra is one of Phoenix’s fastest-growing areas, driven by major commercial developments, including the new $165B+ TSMC Semiconductor Plant, the largest foreign direct investment in U.S. history and an employment generator bringing ±6,000 direct manufacturing jobs and another ±20,000 total unique construction jobs, and tens of thousands of indirect jobs in this decade

• Affluent demographic profile with over 156,000 people within 5 miles and an average HH income exceeding $144,000 within 3 miles, representing substantial purchasing power and consumer spending capacity