101 E Blaine Street, Lansdale, PA 19446

NATIONAL TENANT IN A NECESSITY-BASED INDUSTRY

The subject property is occupied by Crash Champions, the third-largest collision repair operator in the U.S., with 650+ locations across 38 states. Collision repair is one of the most recession-resistant segments in retail real estate: demand is non-discretionary, revenue is predominantly insurance-driven, and accidents occur regardless of economic conditions. With direct relationships with virtually all major auto insurers, Crash Champions' revenue stream is insulated from consumer spending volatility–a characteristic shared by very few net lease tenants.

RECENT LEASE EXTENSION & NEW 15-YEAR ROOF INSTALLATION

12+ years of continuous collision repair operation at this location (since 2013) — the most powerful proof of site viability and tenant commitment available. Crash Champions took over the business in 2021 and signed an initial 5-year lease. Most recently, the tenant executed a new 7-year lease extension, demonstrating long-term recommitment to the location. Additionally, as of May 2026, a new 45-mil Versico TPO roofing system with a 15-year manufacturer’s warranty has been installed, eliminating a major capital expenditure and signaling continued reinvestment into the property.

NNN LEASE WITH CAP RATE GROWTH FROM 6.65% TO 7.95% VIA RARE 3% ANNUAL RENTAL INCREASES

The NNN lease features 3% annual rent escalations, providing consistent and compounding income growth over the hold period, with an average cap rate of 7.28% and a terminal cap rate of 7.95 by year 7. As a true NNN lease, the tenant is responsible for real estate taxes, CAM, and insurance, offering a passive ownership experience.

TRANSIT-ORIENTED SUBURBAN PHILADELPHIA SUBMARKET

Lansdale is a suburban borough within the Philadelphia MSA known for its walkable downtown and mix of national brands and locally owned shops and restaurants. The nearby Lansdale SEPTA Regional Rail Station serves Montgomery and Bucks Counties and records approximately 2.97 million annual riders, ranking as the second-busiest station in the system according to SEPTA's reporting database. In 2017, a new 680-space, six-story parking garage was constructed with direct skywalk access, enhancing accessibility and increasing commuter traffic to the area.

STRONG RETAIL SYNERGY WITH SURROUNDING RESIDENTIAL DEVELOPMENT

Lansdale’s retail base is complemented by nearby shopping centers and regional destinations, including Montgomery Mall, creating a diverse and highly trafficked retail corridor. The immediate area surrounding the subject property continues to experience substantial residential growth, including The Emerald at Lansdale luxury apartments located directly behind the property and the newly constructed Andale Green townhome community by Ryan Homes. Additionally, the Liberty Bell Trail (25-mile regional trail), a walking and biking path, is being developed throughout the area, enhancing connectivity and adding outdoor amenities.

STRONG DEMOGRAPHICS & EMPLOYMENT BASE

Crash Champions’ business is supported by more than 148,000 residents with average household incomes exceeding $155,000 within a 5-mile radius, along with positive population and household growth trends across the 1-, 3-, and 5-mile radii. The site is surrounded by major employment drivers, including Jefferson Lansdale Hospital, a 140-bed acute care facility, North Penn School District (13,000 students), as well as Merck's West Point campus — one of the largest pharmaceutical manufacturing and R&D facilities in the world, employing approximately 10,000 people and representing one of the most significant private-sector economic anchors in Montgomery County that contributes to a stable daytime population of 154,489.