ANN ARBOR, MI WALGREENS

• ~18 Year NNN with extremely rare rent increase in primary term (3 years from now)
• Rare rental increase at every 5 year option period
• Just two miles from University of Michigan and Michigan Stadium
• Non-recourse loan generates 7% return on cash with $4.9MM cash down ($346,774 net annual cash flow)
• 50,000 cars per day at intersection
• Well positioned in major retail corridor
• True NNN lease with no management responsibilities
• Walgreens corporate, investment grade credit guarantees the rent