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Burlington | 8yrs Remain Corp NN | NYSE: BURL 14651 Ventura Blvd 24,890 SF Retail Building Sherman Oaks, CA 91403 $16,909,451 CAD ($679.37 CAD/SF) 5.50% Cap Rate

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Investment Highlights

8 Years Remaining | Corporate Signed (NYSE: BURL) | Nearby Major Interstates | High Barrier to Entry Market
Westfield Fashion Square (868,000 SF) | Nearby National/Credit Tenants | Primary Retail Corridor

NN Leased | Fee Simple Ownership | Recent CapEx Improvements | Limited Landlord Responsibilities
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Executive Summary

SRS National Net Lease is pleased to offer the generational opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporated signed (NYSE: BURL), Burlington investment property located along historic Ventura Boulevard in Sherman Oaks, California (Los Angeles County). The tenant has 8 years remaining on their lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 5% rental increase in March 2029, as well as 7.5% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. This offering represents a rare opportunity to acquire a credit single tenant, trophy asset within infill area characterized by extremely high barriers for new development.