15460 English Ave, Apple Valley, MN 55124

19+ YEAR NNN GROUND LEASE | RARE 2% ANNUAL RENT ESCALATIONS

• The subject property features a corporate NNN ground lease with McDonald's providing zero landlord responsibilities. The lease has 19+ years of remaining lease term complemented by five, 5-year renewal options. The lease structure provides a rare above-market growth profile with 2% annual rent escalations throughout the base term and all subsequent options, providing outsized returns compared to the traditional structure of 10% rent escalations every 5 years.

INVESTMENT GRADE TENANCY | MCDONALD'S | BBB+ (S&P)

• McDonald's Corporation is the world's largest quick-service restaurant company, operating and franchising more than 40,000 locations across over 100 countries under its globally recognized McDonald's brand. The company's revenue for the 12-month period ending March 31, 2026, exceeded $27B and they currently hold a market capitalization exceeding $200 billion. McDonald's maintains strong investment-grade credit ratings, with S&P Global assigning a rating of BBB+ and Moody's assigning a rating of Baa1.

HIGH GROWTH APPLE VALLEY MARKET

• Apple Valley represents a high-growth market supported by strong residential expansion and rising demand for both multifamily, retail, and industrial development. The City of Apple Valley projects 10% population growth over the next decade, underpinning sustained consumer demand in the trade area. This momentum is reflected in the significant development activity immediately surrounding the subject property, including Orchard Place Apartments (135-unit multifamily, currently under construction), Orchard Place Business Park (416,000 SF of planned multi-tenant industrial), and Orchard Place North Outlot (20,000 SF of proposed medical office).

HARD CORNER LOCATION | PREMIER RETAIL NODE

• McDonald's is strategically positioned at the fully signalized, northwest corner of Pilot Knob Road (41,926 VPD) and 155th Street West (6,008 VPD) within a premium retail node. Sharing the intersection with McDonald's is one of the top-performing Target locations in the country, ranking in the top 7% of all Target stores nationally with over 2.1 million visits in the past 12 months (per Placer.ai). The intersection is further complemented by a newly developed Lunds & Byerlys and a dense corridor of national credit tenants extending south along Pilot Knob Road, including Starbucks, Texas Roadhouse, Chase Bank, PetSmart, Chipotle, and a newly developed Skyline Social and Games, opening July 24th.

EXCELLENT DEMOGRAPHICS | DENSITY WITH HIGH INCOMES

• The subject offerings' location in Apple Valley, Minnesota within the Twin Cities MSA, offers strong consumer draw and access to a well-established suburban demographic base. Within five miles of the property there are 178,396 residents with average household incomes of more than $145,000 and median home values of $443,149. This desirable customer base stems from the property's proximity to major regional employment centers, including healthcare systems, retail corridors, and corporate employers throughout Dakota County and the broader Minneapolis – St. Paul MSA.