3535 Panama Lane, Bakersfield, CA 93313

BEST-IN-CLASS INVESTMENT – PERFECT 1031 EXCHANGE OPPORTUNITY WITH DEPRECIATION BENEFITS

• New (2024), pride-of-ownership, build-to-suit Sprouts Farmers Market with approximately 13 years remaining on the lease.

• Triple Net (NNN) Lease featuring minimal landlord responsibilities limited to maintaining and replacing the roof and structure. There are also 18 years remaining on a 20-year roof warranty.

• Extremely rare 10% rent increases every 5 years, compared to typical Sprouts leases and other alternative net lease grocery investment opportunities.

• Corporately guaranteed by Sprouts Farmers Market (NASDAQ: SFM), a publicly traded company with more than 490 locations across 25 states.

• Fee simple ownership providing investors with depreciation benefits.

STRONG NATIONAL DAILY-NEEDS AND NECESSITY-BASED TENANT

• Sprouts Farmers Market (NASDAQ: SFM) is a leading national grocery retailer with more than 490 locations across the United States, including a significant presence in California with nearly 160 locations. The company employs over 36,000 people, and in 2025, reported $8.81 billion in revenue (+14.08% YoY) while maintaining a debt-free balance sheet.

• Sprouts is investing in price, loyalty, and aggressive unit growth, all self-funded from operating cash flow. Their Return On Invested Capital (ROIC) continues to improve, growing from 14.8% in 2024 to 18.3% in 2025.

• Sprouts opened 37 new stores in 2025, with plans to open 40 more in 2026. Sprouts currently has nearly 150 new stores approved and 105 executed leases in their pipeline.

• The company anticipates net sales growth of 4.5% to 6.5% in 2026.

CORE INFILL TROPHY BAKERSFIELD LOCATION

• Bakersfield is California’s ninth-largest city and remains one of the fastest-growing municipalities in the state.

• Dense infill location with affluent demographics, featuring a population of more than 140,000 residents and average household incomes exceeding $72,000 within a 3-mile radius.

• Located adjacent to State Route 99, a major north-south highway traversing California’s Central Valley, providing excellent visibility and convenient access for both local and regional consumers.

• Situated on a high-visibility hard corner with traffic counts exceeding 40,000 VPD, providing exceptional exposure and accessibility within a heavily traveled retail corridor.

• Benefits from strong cross-shopping traffic generated by Walgreens, AutoZone, Wells Fargo, and Carl’s Jr., with additional nearby national retailers including Lowe’s, In-N-Out Burger, Albertsons, Walmart Supercenter, Costco, and others.