Investment Highlights

15-YEAR ABSOLUTE NNN LEASE TO CHIPOTLE WITH DRIVE-THRU
» New 15-year absolute NNN lease with 10% rental increases every five years in initial term and option periods
» Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
» No landlord management, ideal for passive investors
» Chipotle is the only restaurant company of its size that owns and operates all its restaurants
» Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies

TROPHY LOCATION AT THE CONFLUENCE OF MAJOR TEXAS THOROUGHFARES
» High-visibility and easily accessible location near the signalized intersection of South Main Street and Murphy Road (combined 100,679 AADT)
» Trophy location connecting Interstate 69 and Sam Houston Tollway, allowing the site to capture significant commuter traffic (combined 424,620 AADT)
» One mile from Houston Community College – Stafford Campus, the largest college in the Houston Community College system (10,000+ students)
» Excellent proximity to major national tenants such as Walmart Supercenter, Sam’s Club, Costco Business Center, Best Buy, Starbucks, McDonald’s, and many more
» Excellent daytime workforce population within surrounding industrial submarket

DENSELY POPULATED AND GROWING HOUSTON CITY WITH EXCELLENT DEMOGRAPHICS
» 344,692 residents live within five miles of the property, providing an extremely large and reliable customer base for the site
» Affluent average annual household income of $115,148 within a one-mile radius
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Chipotle and Stafford for steady concurrent growth
» 20 miles from Downtown Houston, the largest central business district in the city of Houston and the largest in the state of Texas

NEW 2023 CONSTRUCTION IN A TAX-FREE STATE
» New high-quality 2023 construction built to latest Chipotle prototype
» Site features a rare Chipotlane drive-thru for added customer convenience and significantly increased sales potential
» Texas is an income tax-free state

Property Description

» This Chipotle has a high-visibility and easily accessible location near the signalized intersection of South Main Street and Murphy Road (combined 100,679 AADT)
» The property is a trophy location connecting Interstate 69 and Sam Houston Tollway, allowing the site to capture significant commuter traffic (combined 424,620 AADT)
» Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Sam’s Club, Costco Business Center, Best Buy, Starbucks, McDonald’s, and many more, creating significant crossover shopping
» The site greatly benefits from its proximity one mile from Houston Community College – Stafford Campus, the largest college in the Houston Community College system (10,000+ students)
» 344,692 residents live within a five-mile radius of the site, providing an extremely large and reliable customer base
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Chipotle and Stafford for steady concurrent growth