Shoeteria | NNN Lease

• ±9 Years of Corporate-Guaranteed NNN Term With Fixed 3.5% Annual Increases and Two Five-Year Options Extending Potential Occupancy Through 2045
• Property is Located Just Off of the Exits/Entrances to the 10 Freeway (218,000+ Cars Per Day) and the 60 Freeway (237,000+ Cars Per Day)
• Shadow-Anchored by Smart & Final; Other Nearby Tenants Include Ross Dress for Less, Food 4 Less, Starbucks, and Big 5 Sporting Goods

Corporate Guaranteed NNN Structure

• Guaranty Provided by Work World, a Private Equity-Sponsored Specialty Workwear Platform Operating 38 Locations Across California, Nevada, and Washington, Materially Deeper Credit Than the Single-Store and Local Operators Behind Much of the Comparable Set
• Work World Named a New Chief Executive in 2025, Recruited From Red Wing Shoe Company After 23 Years, Most Recently Leading Its North American Work, Hunt, and Retail Division, Signaling Institutional Discipline Behind the Guaranty
• Shoeteria’s In-Store Boot Fitting, B2B Industrial Accounts, and Mobile Boot Truck Program Are Service-Based and Locally Dispatched, Insulating the Use From E-Commerce Displacement

Established Retail Corridor

• Grocery-, Value-, and Warehouse-Anchored Neighbors Generate Weekly Needs-Based Trips Rather Than Discretionary Traffic, Supporting Consistent Customer Counts Across Retail Cycles
• 461,223 Residents and a $111,367 Average Household Income Within Five Miles, One of the Most Densely Populated and Fully Built-Out Submarkets in the San Gabriel Valley
• The San Gabriel Valley’s Construction, Warehouse, and Skilled Trade Employment Base Aligns Directly With Shoeteria’s Core Customer, Tying Store Demand to Regional Industrial Activity