Highlights

NEW 15-YEAR LEASE FEATURING RENTAL INCREASES & CORPORATE GUARANTY – Chipotle operates under a newly established 15-year lease, with 10% rental increases every five years. The lease is backed by a corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG).

PRIME LOCATION – Chipotle sits at the corner of the intersection between Easton Avenue (15,800 VPD) and Rodgers Street where the property is
highly visible to local traffic. The property boasts modes of ingress & egress from both roadways allowing for easy customer access.

“CHIPOTLANE” DRIVE-THRU – The property features a “Chipotlane” drive-thru for convenient customer access where they can pick up their digital
orders without leaving their car.

STRONG PLACER.AI PERFORMANCE OF SURROUNDING RETAIL – The immediate area surrounding Chipotle is home to some of the top
performing retail tenants within their respective chains according to Placer.ai, demonstrating the strength of the retail within the community.

NEARBY DEVELOPMENTS – Within three miles (3 mi.) of the property, construction is active on a mixed-use development on the former site of the
Martin Tower, now known as Tower Place. The project, which is set to be completed sometime this year will add two medical office buildings, a hotel,
and residential units to the area.

STRONG FAST CASUAL TENANT – Chipotle is a leading fast casual restaurant chain with nearly 3,800 locations and over 130,000 employees, which together serve over 1 million customers daily. As of Q1 2025, Chipotle’s total revenue was $2.9 billion, an increase of 6.4% compared to Q1 2024. In the same period, Chipotle opened 57 new company-operated restaurants, of which 48 included a Chipotlane, and two international licensed
restaurants.

MULTIPLE NEARBY HIGHER EDUCATION INSTITUTIONS – Within 3-miles of the property there are three (3) higher education institutions: Lehigh
University, Moravian University, and Northampton Community College. These colleges and universities are home to over 19,000 students.

BUSTLING RETAIL CORRIDOR – Chipotle is surrounded by a host of nearby, national retailers such as: The Home Depot, Walmart, GIANT, The Fresh Grocer, TD Bank, Truist Bank, CVS Pharmacy, T.J. Maxx, HomeGoods, Petco, Planet Fitness, Advance Auto Parts, AutoZone, Mavis, , Pep Boys, Sherwin-Williams, McDonald’s, Dunkin’, Wendy’s, Taco Bell, Burger King, and Arby’s further demonstrating the strength of the retail corridor.

DENSELY POPULATED, AFFLUENT AREA – The 5-mile area surrounding the property exhibits excellent demographics with a population of 161,000 and 63,000 households. The average household income is approximately $105,000 within 5 miles and $104,000 within 3 miles.