Interest Rate Sensitivity: Rising interest rates can increase EPRT's borrowing costs, reduce property valuations, and make equity investments less attractive compared to fixed-income alternatives, potentially impacting its ability to acquire new properties profitably and its stock price.

Tenant Default Risk: EPRT relies on rent payments from its single-tenant properties. A significant default by one or more tenants, particularly larger ones or a group of tenants within a specific sector, would lead to lost rental income and potential vacancy costs until a new tenant is secured.

Concentration in Service-Oriented Tenants: EPRT's portfolio is heavily concentrated in service-oriented, experience-based, and necessity-based retail and restaurant tenants. Economic downturns or shifts in consumer behavior impacting these specific sectors could disproportionately affect a segment of its tenant base.