| Well-Positioned Location: Positioned on Highway 18, one of the busiest highways in Hobbs, this location benefits from Lea County’s status as the top |
| Backed by 7-Eleven: Stripes Convenience Stores is owned by 7-Eleven, Inc., the world’s largest convenience store chain, with over 83,000 locations |
| Value Add Opportunity: Stripes controls the property for another ±7 years whereby landlord has the ability to re-negotiate the lease and rental rate |
| Very Low Rent: Now part of the 7-Eleven chain, this is one of the lowest rental rates in the portfolio for a location that also offers gas. |
| Bonus & Accelerated Depreciation: Gas stations and convenience stores are real properties that qualify as a “retail motor fuel outlet" |
