Lease Offer Comparison — Eley Corporation

Four candidate properties · As of August 2026 · NNN lease structure

Key Lease Terms

Annual NNN Rent by Year (Base Rent Only, excl. OPEX)

Dashed lines = TBD (no formal proposal received). Solid lines = confirmed proposals. Does not include estimated OPEX/NNN pass-throughs.

Estimated Total Occupancy Cost Over Full Term (NNN + OPEX, excl. TI)

* Cherokee Gateway and 100 Spontex totals from formal proposals. North River and 981 IPR estimated from chart data pending formal proposals.
† OPEX held flat at Year 1 estimate for modeling purposes. Actual NNN pass-throughs will vary.