Carvana | 17yrs Remain Corp Abs NNN 1043 N Front St 8,104 SF 4-Star Retail Building Philadelphia, PA 19123 $21,830,613 CAD ($2,693.81 CAD/SF) 6.75% Cap Rate

SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding Carvana investment property located in Philadelphia, Pennsylvania. The tenant, Carvana, LLC has approximately 17 years remaining with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features increases equal to the lesser of (i) 7.92337% or (ii) 1.25x CPI throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.