INVESTMENT HIGHLIGHTS

TRACTOR SUPPLY CORPORATE LEASE:

• 6.75 Years of Guaranteed Lease Term
• 2015 Build to Suit Construction
• Four (4) - Five (5) Year Option Periods

NN LEASE:

• Landlord Responsibilities Include: Roof, Structure & Parking Lot
• Tenant Responsibilities Include Repair/Replacement of HVAC Units, Common Area Maintenance, Taxes, Utilities and Insurance
• Tenant Pays Taxing Authority Directly

SCHEDULED RENT INCREASES:

• 10% Rent Increases Every 5 Years (Initial Term & Options)
• Next Increase in November 2025

THUNDERHILL RACEWAY:

• Located 7.5 Miles from the Subject Property
• Thunderhill East (3-Mile Track) and Thunderhill West (2-Mile Track) Can Be Combined to Offer a 5-Mile Track - the Longest Road Course in America
• Hosts Approximately 92,000 Visitors a Year
• Total Output Impact of Thunderhill Raceway Revenue and Employees in Glenn County is $9.7 Million
• The Impact of Thunderhill Raceway Visitor Tourism Dollars Yields an Output of $10.4 Million in the Glenn County Economy

GLENN COUNTRY AGRICULTURAL INDUSTRY:

• $1.352 Billion = Glenn County Agricultural’s Total Contribution to the Local Economy
• One in Three Jobs in Glenn County Was Attributable to the Agricultural Industry
• Agriculture Accounted for 1 Dollar Out of Every $2.20 of the County’s Direct Economic Output

PROXIMITY FROM WILLOWS, CA:

• Chico, CA | 32 Miles
• Redding, CA | 77 Miles
• Sacramento, CA | 86 Miles
• Napa, CA | 114 Miles
• Santa Rosa, CA | 118 Miles
• San Francisco, CA | 141 Miles
• Truckee, CA | 144 Miles
• Reno, NV | 174 Miles

TRADE AREA DEMOGRAPHICS:

• 5-Mile Population = 8,316 Residents
• 5-Mile Average Household Income = $67,000
• 10-Mile Population = 9,524 Residents
• 10-Mile Average Household Income = $70,884
• 15-Mile Population = 17,292 Residents
• 15-Mile Average Household Income = $79,298

TENANT:

• Tractor Supply Company (NASDAQ: "TSCO")
• Investment Grade Credit Rating of "BBB" by Standard & Poor's
• 2,216 Stores in 49 States as of December 30, 2023
• Ranked #291 on the Fortune 500 List
• In 2023, Net Sales Increased 2.5%