•	The tenant recently signed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
•	The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
•	First Watch operates over 570 locations throughout the United States

Flyer

•	The subject property is an outparcel to Harrisonburg Crossing, which features a 200,000+ SF Walmart Supercenter, a 98,000+ SF Home Depot, Ross, Best Buy, Barnes & Noble, and more
•	The asset is located within walking distance to James Madison University, one of the largest universities in Virginia, with a total enrollment of over 21,000 students
•	The property is in the center of a primary retail corridor with other nearby national/credit tenants including Target, Lowe’s, Hobby Lobby, ALDI, TJ Maxx, Texas Roadhouse, and many more

Harrisonburg, VA - First Watch

a28TP0000015GQ9YAM - 1743544293465 -1

a28TP0000015GQ9YAM - 1743544293886 -2

a28TP0000015GQ9YAM - 1743544294074 -3

a28TP0000015GQ9YAM - 1743544294273 -4

a28TP0000015GQ9YAM - 1743544294443 -5

a28TP0000015GQ9YAM - 1743544294716 -6

<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Ivy Kwon

Senior Marketing Associate

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Harrisonburg, VA - First Watch

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Michael Kaplan

Patrick Luther, CCIM

Andrew Fallon

Matthew Mousavi