2525 Country Club Boulevard Orange Park, FL 32073

This offering presents the opportunity to acquire a net-leased investment in The HUB Pickleball Club, located in Orange Park (Jacksonville MSA), Florida. The property is secured by a NNN ground lease guaranteed by HUB JAX, LLC, with an initial 20-year lease term scheduled to expire April 30, 2045. The current annual base rent is $156,000 (NNN) with scheduled rental increases throughout the lease term. Rent is scheduled to increase to $192,000 on May 1, 2028, $201,600 on January 1, 2030, $211,680 on January 1, 2035, and $222,264 on January 1, 2040. The tenant holds one 10-year renewal option, extending the lease through April 30, 2055. During the renewal period, base rent increases to $233,377 beginning May 1, 2045, with an additional increase to $245,046 on May 1, 2050. The tenant is responsible for all operating expenses including real estate taxes, insurance, utilities, repairs, and maintenance. Approximately 19+ years remain on the initial lease term. There is a 23% base rent increase in May 2028, followed by 5% escalations in 2030, 2035, and 2040. The property has one 10-year renewal option with 5% rental increases every five years during the extension term. The property size is 39200 square feet.