Investment Highlights

NEW 15-YEAR ABSOLUTE NNN CORPORATE GUARANTEED LEASE TO STRONG RETAIL TENANT
» New 15-year absolute NNN corporate guaranteed lease to strong and rapidly growing retail tenant
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor
» Dutch Bros recently went public – now valued at over $5.6 billion (NYSE: “BROS”)
» Dutch Bros Inc. is one of the fastest-growing brands in the food service and restaurant industry in the U.S. by location count
» In 2021, total revenues grew 52.1% to $497.9 million as compared to $327.4 million in 2020

HIGH-VISIBILITY LOCATION NEAR PROMINENT RETAILERS AND COMMUNITY HUBS
» Strategically located on Minonite Road (9,847 AADT) near the Reading Road (21,527 AADT) four way signalized intersection, offering multiple access points to the property
» Close to Kroger-anchored Brazos Town Center shopping mall (110 stores) with prominent nearby tenants such as Best Buy, The Home Depot, Target, CVS Pharmacy, Walgreens, ALDI, H-E-B, HomeGoods, Chick-fil-A, and many more
» Beneficial proximity to several large schools and universities including B F Terry High School (2,117 students), Arredondo Elementary (817 students), Wharton County Junior College–Richmond campus, and Texas State Technical College
» Within walking distance to SpringHill Suites by Marriott Houston Rosenberg (118 rooms) and near several other hotel chains within a five-mile radius of the location
» Less than a mile from Interstate 69 (93,095 AADT), greatly increasing site traffic and visibility and\ connects the location with the large Houston trade area
» 30 miles from Downtown Houston, the most populous city in Texas and fourth-most populous in the U.S. (2.3 million residents)

PRIME LOCATION NEXT TO A GROWING MASTER-PLANNED COMMUNITY WITH A LARGE AND AFFLUENT CUSTOMER BASE
» Situated next to Brazos Town Center, a “life essential” town center, that integrates 100 acres of retail with high-end multi-family units, single family homes, and a medical/professional office park, providing a reliable customer base for the site
» 121,706 residents within five miles (41% growth since 2010), projected to increase 18% by 2026
» High-income community with the average annual household income exceeding 100k within one-, three-, and five-mile radii
» The city of Rosenberg financial outlook is stable and has an ‘AA-’ long-term rating by Standard & Poor’s

NEW 2022 CONSTRUCTION IN INCOME TAX-FREE STATE
» 2022 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Texas has no state income tax, estate tax, or inheritance tax

Property Description

SOLD

Dutch Bros is strategically located on Minonite Road (9,847 AADT) near the Reading Road (21,527 AADT) four-way signalized intersection, offering multiple access points to the site. The property is in a prime location next to Brazos Town Center, a “life essential” town center integrating 100 acres of retail with high-end multi-family units, single family homes, and a medical/professional office park, providing a reliable customer base for the site. The property is close to the Brazos Town Center shopping mall (110 stores), anchored by Kroger with prominent nearby tenants such as Best Buy, The Home Depot, Target, CVS Pharmacy, Walgreens, ALDI, H-E-B, HomeGoods, Chick-fil-A, and many more. The site maintains beneficial proximity to well-attended schools and universities including B F Terry High School (2,117 students), Arredondo Elementary (817 students), Wharton County Junior College, and Texas State Technical College. The property is within walking distance to SpringHill Suites by Marriott Houston Rosenberg (118 rooms) and near several other hotel chains within a five-mile radius.

The community is densely populated and growing with 121,706 residents living within five miles (41% growth since 2010) and is projected to increase 18% by 2026. The location is supported by a high-income population with the average annual household income exceeding 100k within one-, three-, and five-mile radii. The area is poised for continuous growth along with other surrounding Houston Suburbs. The property is situated less than a mile from Interstate 69 (93,095 AADT), greatly increasing traffic and visibility to the site and connecting the location with the large Houston trade area. Houston, the most populous city in Texas and fourth-most populous in the United States with 2.3 million residents is only 30 miles from the site.