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Carvana | 17yrs Remain Corp Abs NNN 4830 Koger Blvd 5,820 SF 4-Star Retail Building Greensboro, NC 27407 $9,534,134 CAD ($1,638.17 CAD/SF) 6.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Approximately 17 Years Remaining | Options To Extend | Scheduled Increases | Well Known & Established Tenant
Recent Stock Surge (NYSE: CVNA) | 500% Increase in the Past Year
Strong Demographics In 5-Mile Trade Area | Direct Consumer Base Piedmont Triad International Airport

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Accessible Via Interstate 40 (124,000 VPD) | Dense Retail Corridor |Wendover Village Center (5.2M+ Visits)

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding Carvana investment property located in Greensboro, North Carolina. The tenant, Carvana, LLC has approximately 17 years remaining with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features increases equal to the lesser of (i) 9.608% or (ii) 1.25x CPI throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.