Spartan Enterprise Park

IMMEDIATE CASH FLOW STABILITY WITH STEADY CONTRACTUAL GROWTH

• 100% leased to four (4) tenants with 4.5 years of WALT

• Embedded yield expansion via 3.1% weighted average annual escalators

• All Fair Market Value (FMV) renewal options allowing investors to capitalize on future rent growth in the Greenville-Spartanburg industrial market

DIVERSE TENANT ROSTER FEATURING INVESTMENT-GRADE CREDIT

• 75% of the Portfolio is leased to Exel Inc., a division of world-leading logistics provider DHL Group (XETRA: DHL; S&P: A-), on a fresh five-year renewal with two (2) remaining FMV renewal options, demonstrating strong commitment to Spartan Enterprise Park

• DHL operates domestic distribution operations for First Solar (NASDAQ: FSLR), a global solar manufacturing leader with $5.2 billion in 2025 net sales, following their recent 10-year lease signing at Cherokee Commerce Center 85 ($330M+ tenant investment) located approximately 14.7 miles away

• Spartan Enterprise Park serves as Georgia-Pacific LLC's (S&P: A+) second facility in the Greenville-Spartanburg market, expanding distribution reach across the Carolinas, Georgia, and Virginia

VALUABLE TAX INCENTIVES

• 30-year fee in Lieu of Tax (FILOT) agreement that fixes the property tax obligations for the life of the incentive

• Issuance of new FILOT incentive agreements have recently been curtailed in Spartanburg County and the greater South Carolina region, making existing FILOT agreements exceptionally valuable for long-term ownership

INSTITUTIONAL-QUALITY CLASS A CONSTRUCTION

• The first two (2) buildings to deliver at Spartan Enterprise Park, a 300-acre master planned industrial park

• Concrete tilt-wall construction featuring 36-40' clear heights

• Rear and cross-dock loading with ESFR sprinklers and motion-activated LED lighting

• Double row auto parking with 211 trailer storage positions (Building 1)

ADVANTAGEOUS LOGISTICS LOCATION

• Strategically located within two (2) miles of I-85, the industrial backbone of the Southeast that provides access to the major growth markets of Atlanta to the south and Charlotte, Greensboro-Winston-Salem, Raleigh-Durham and Richmond to the north

• Positioned less than eight (8) miles from I-26, providing direct connectivity to the Port of Charleston (±208 mi) and access to the major transportation thoroughfares of I-40, I-20, and I-95

• The Portfolio features seamless connectivity to the entirety of the Greenville-Spartanburg MSA and its key demand drivers, located within a thirty (30) minute drive of both Inland Port Greer and Greenville-Spartanburg International Airport (GSP)