INVESTMENT HIGHLIGHTS

• STABLE LONG-TERM INVESTMENT | NNN LEASE  At the close of escrow, the Tenant will execute a new 15-year NNN lease with three (3), five (5) year options to extend and 2% annual increases through the primary term and option period. 
• SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION The lease features 2% annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment. 
• TENANT INVESTMENT IN LOCATION  Pet services rarely relocate due to the difficulty of retaining the same customers in a new location and the high costs associated with moving and build-outs. 
• PRIME LOCATION | HIGH TRAFFIC | DIRECT FRONTAGE The site is well positioned along Hwy 544, with excellent visibility and accessibility from the main road, seeing more than 34,700 vehicles per day. The properties benefit from convenient access to major highways, including US Highway 17, providing connectivity to nearby cities like Georgetown and Little River. 
• CONCENTRATED CORRIDOR The property is located within a concentrated corridor of residential communities, schools, professional services, and shopping centers, including South Strand Commons, anchored by Kohl’s and Lowes Home Improvement, and SayeBrook Town Center, anchored by Target and Marshalls, just 1 mile away.
• NEARBY DEVELOPMENT The site is located just 1 mile from the SayeBrook project, a new residential and commercial hub that will feature more than 400,000 SF of retail space and 1,700 luxury single-family homes on 740 acres of land with resort-style amenities, including parks, a pool, pickleball courts, and a covered pavilion.   
• STRONG TOURISM INDUSTRY Myrtle Beach, SC, stands out as a premier tourism destination with its stunning 60-mile stretch of sandy coastline, vibrant entertainment scene, and abundant family-friendly attractions. Known for its picturesque beaches, world-class golf courses, and diverse dining options, Myrtle Beach draws over 19 million visitors annually.  
• FAVORABLE DEMOGRAPHICS This asset caters to more than 101k residents within a 5-mile radius of the site.  
• POPULATION GROWTH For the third consecutive year in a row, Myrtle Beach, SC, stands atop the list of the fastest-growing cities in the United States, as reported by US News and World Report. 
• PREMIER PET OPERATOR | CORPORATE GUARANTEE The lease features a corporate guarantee by Destination Pet (DP). DP is one of the leading providers of pet healthcare services in the US, with more than +170 veterinary hospitals, pet boarding, pet daycare, pet grooming, and training center facilities across the US.  
• ROBUST INDUSTRY GROWTH The global pet services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period. 
• PRIVATE EQUITY BACKED In October 2019, LetterOne (L1) acquired Destination Pet and launched a new animal health and wellness platform in the US and Europe. L1 makes long-term investments of its own capital in companies in which its sectoral experience and strategic and geographic expertise will improve performance and help companies grow.