Tsunami Express Portfolio – Wisconsin, USA

Tenancy: Tsunami Express
Renewal Options: Four 5-Year Options @ 1.50%
Lease Expiration: 20 Years from COE
Rental Increases: 1.50% Annually

• Tsunami Express Sale-Leaseback Portfolio:

∘ 4 total locations; 2 open and operating, 2 under construction with plans to open in Q1 2024

∘ Corporately guaranteed lease by Tsunami Express

∘ Absolute NNN lease with zero landlord responsibilities

∘ 20-year initial lease term with four 5-year options

∘ 1.50% annual increases during primary term and options

• Properties Must Be Purchased as a Portfolio

• About Tsunami Express:

∘ 10 locations and expanding rapidly with plans to reach over 30 sites by 2025

∘ 1 million cars washed in 2022, which is projected to double by 2024

∘ The founders and current management team collectively posses 50+

years of car wash and business operations expertise

• Backed by Global Venture Capital Firm, Point 72 Hyperscale, an Affiliate of Point72

∘ Acquired Tsunami in November 2021

∘ Founded by Steven A. Cohen, owner of the New York Mets and among

the top 100 on the Forbes billionaire list (more info)

∘ Parent company manages over $30 billion in assets and employs over 2,500 people globally

• Bonus Depreciation: Properties qualify for 80% bonus depreciation on car wash improvements

• Bulk of the Portfolio Located in the Milwaukee MSA:

∘ #1 largest MSA in Wisconsin

∘ Over 1.56M Residents

∘ Milwaukee is the 5th largest city in the Midwest

∘ Ranked 2nd in Manufacturing Workforce in USA

∘ Home to the headquarters of 6 Fortune 500 companies

• Corporate and Unit Level Financials and Construction Budgets are Available Upon Request (contact broker for details)