Smart & Final: Banning, CA

• RARE ABSOLUTE NNN LEASE - NO LANDLORD MAINTENANCE RESPONSIBILITIES. MOST SMART & FINAL LEASES REQUIRE LANDLORD TO MAINTAIN THE ROOF, STRUCTURE, AND HVAC

• NEW 10-YEAR LEASE WITH 7.5% RENT INCREASES EVERY 5 YEARS DURING THE INITIAL TERM AND
  FIVE ADDITIONAL 5-YEAR OPTIONS TO EXTEND

• LOW RENT-T0-SALES RATIO(1)

• CORPORATE LEASE ENTITY: SMART & FINAL STORES LLC

• WELL-ESTABLISHED STORE WITH A 54-YEAR OPERATIONAL HISTORY AT THIS LOCATION

• CENTRAL LOCATION WITHIN 1/2 MILE FROM INTERSTATE-10 (122,000 VPD) CONNECTING SAN BERNARDINO (32 MILES) AND LOS ANGELES (80 MILES) TO THE WEST AND PALM SPRINGS (25 MILES) TO THE EAST

• BANNING IS LOCATED RIVERSIDE COUNTY, CALIFORNIA’S 4TH-LARGEST COUNTY AND THE NATION’S 10TH-LARGEST COUNTY BY POPULATION

• OVER 1.5 MILLION RESIDENTS EXPECTED TO MOVE INTO RIVERSIDE COUNTY IN THE NEXT 45 YEARS

(1) Source: Seller. Information provided represents parent company financials. Lease is guaranteed by Smart & Final Stores LLC, a wholly-owned subsidiary of Smart & Final Stores, Inc. Guarantor, Lease Terms, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process.