Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease with four (4) five (5) year options, creating a stable, long-term investment
» 10% rental increases every five years, providing a hedge against inflation
» Absolute NNN lease requires zero landlord management, ideal for an out-of-area investor
» Dutch Bros recently went public valued at over $3.8 billion (NYSE: “BROS”)
» Dutch Bros sales are up 51% through the first six (6) months of 2021 after a record performance in 2020

LOCATED IN DENSELY POPULATED AND EXTREMELY AFFLUENT TEXAS RETAIL CORRIDOR
» High-traffic location along Interstate 45 (245,041 AADT), a major north-south Texas thoroughfare that significantly increases traffic to the site
» Beneficial proximity to highly trafficked Houston thoroughfares, including Cypresswood Drive (20,821 AADT)
» Population of 243,208 within a five-mile radius of the site, providing an extremely large customer base for the property
» Average annual household income of $118,350 within one mile of the site
» Projected 12 percent average annual household income increase within a one-mile radius of the site in the next five years, poising Dutch Bros and Houston for significant concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Shadow-anchored by Topgolf, greatly increasing traffic to the location
» Surrounded by a strong mix of local and national retailers, including Target, Best Buy, Conn’s HomePlus, McAlister’s Deli, American Freight, The Home Depot, Office Depot, Taco Bell, Starbucks, and many more
» Beneficial proximity to highly attended Houston schools, including Spring High School and Dekaney High School (combined 4,983 students)
» Surrounded by high-density single-family housing developments and large apartment and townhouse complexes
» Common gateway to Houston, the fourth-largest city in the U.S. (pop. of 2.3 million)

NEW 2021 CONSTRUCTION IN INCOME TAX FREE STATE
» 2021 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» Texas has no state income tax, estate tax, or inheritance tax

Property Description

SOLD
The property is conveniently located along Interstate 45 (245,041 AADT), a major north-south Texas thoroughfare that significantly increases traffic to the site. The location is strategically placed near highly trafficked Houston thoroughfares, including Cypresswood Drive (20,821 AADT). The site is also located in a densely populated area, with a population of 243,208 within a five-mile radius of the property. This is an extremely affluent area as well, with an average annual household income of $118,350 within one mile of the site. With a projected 12 percent average annual household income increase within a one-mile radius of the site in the next five years, Dutch Bros and Houston are poised for significant concurrent growth.

Visibility to the property is increased by the site’s centralized location near large employers, retailers, and community hubs. The property is shadow-anchored by Topgolf, greatly increasing traffic to the site. The location is surrounded by many major national retailers, including Target, Best Buy, Conn’s HomePlus, McAlister’s Deli, American Freight, The Home Depot, Office Depot, Taco Bell, Starbucks, and many others. The site also maintains a beneficial proximity to highly attended Houston schools, including Spring High School and Dekaney High School, which have a combined 4,983 students. The property is surrounded by high-density single-family housing developments and serves as a common gateway to Houston, the fourth-largest city in the U.S. (population of 2.3 million people).