Investment Highlights

NEW 11-YEAR CORPORATE GUARANTEED MODIFIED NNN LEASE TO GROWING RETAIL TENANT WITH A STRONG PRESENCE
» 11-year modified NNN lease with a strong corporate guaranty
» 10% rental increases in initial term and option periods
» Brand new location owned and operated by parent company, Schwazze (OTCQX: SHWZ) (NEO: SHWZ) doing business as R. Greenleaf
» Schwazze, Inc. owns and operates 32+ retail locations in New Mexico and Colorado
» Revenues of $43.2 million increased 36% compared to $31.8 million in quarter ended September 30, 2021 (“Q3 2021”)
» Retail sales were $39.8 million, up 92% to $20.7 when compared to Q3 2021
» As of April 1, 2021, recreational cannabis is legal in New Mexico
» Many high-level management members within Schwazze were formerly key executives at Albertsons grocery company
» New roof completed in October 2022

HIGH-TRAFFIC LOCATION IN A DENSE RETAIL CORRIDOR
» Strategically located on Paseo Del Norte Boulevard with excellent visibility and access to 41,636 vehicles per day
» Less than a mile from Interstate 25 (148,923 AADT) a major thoroughfare running North to South and serving as the main route through New Mexico, Colorado, and Wyoming
» Part of a strong retail corridor with nearby notable retailers such as Target, Lowe’s Home Improvement, Kohl’s, Walgreens, Goodwill, AutoZone, Chick fil-A, Wendy’s, McDonald’s, Jiffy Lube, Chase Bank, Wells Fargo, and more
» Conveniently located near large apartment complexes, including Arterra Apartments (294 units), Broadstone Heights (216 units), and Vista Del Sol Apartments (168 units)

DENSELY POPULATED AFFLUENT COMMUNITY
» 180,664 residents within five miles of the property
» High average annual household income of $129,624 within a one-mile radius (projected to increase 14% by 2027)
» 11.8 miles from Albuquerque International Sunport (five million annual passengers), the primary international airport serving New Mexico, the Albuquerque metropolitan area, as well as the larger Albuquerque–Santa Fe–Las Vegas CSA
» Albuquerque is the largest Metro area in New Mexico and accounts for nearly half of the state’s employment and economic activity

Property Description

SOLD

» The property is strategically located on Paseo Del Norte Boulevard with excellent visibility and access to 41,636 vehicles per day
» The site is situated less than a mile from Interstate 25 (148,923 AADT) a major thoroughfare running North to South and serving as the main route through New Mexico, Colorado, and Wyoming
» The property is located within a dense retail corridor with nearby notable retailers such as Target, Lowe’s Home Improvement, Kohl’s, Walgreens, Goodwill, AutoZone, Chick-fil-A, Wendy’s, McDonald’s, Jiffy Lube, Chase Bank, Wells Fargo, and more
» The site is conveniently located near large apartment complexes, including Arterra Apartments (294 units), Broadstone Heights (216 units), and Vista Del Sol Apartments (168 units)
» The property benefits from strong population and income demographics with 180,664 residents within a five-mile radius and an average annual household income of $129,624 within one mile (projected to increase 14% by 2027)
» The location is 11.8 miles from Albuquerque International Sunport (five million annual passengers), the primary international airport serving New Mexico, the Albuquerque metropolitan area, as well as the larger Albuquerque–Santa Fe–Las Vegas CSA
» Albuquerque is the most populous city and largest Metro area in New Mexico with the metro area accounting for nearly half of the state’s employment and economic activity