The Offering provides the opportunity to acquire a brand-new, build-to-suit Chipotle Mexican Grill operating on a 15-year NNN lease. The Property is located within Lake Stevens Landing, an under-construction 10-acre retail center that includes GenCare Senior Care Living, Starbucks, Arco, and other national tenants. Lake Stevens is one of the fastest-growing counties and cities in the state, with high-density surrounding residential and strong incomes with a median salary roughly 43% higher than the U.S. median salary. The property will feature a unique “Chipotlane” drive-thru and is expected to be delivered to the tenant in December 2022 and open to the public in April 2023.