Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE TO STRONG RETAIL TENANT
» New 15-year absolute NNN 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 (NYSE: “BROS”) recently went public – now valued at over $5.6 billion
» 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 STRONG TRAFFIC DRIVERS
» Excellent visibility and access to 65,388 vehicles per day along West Nolana Avenue and the North Ware Road four-way signalized intersection
» Outparcel to Target with nearby tenants such as Walmart Supercenter, Chase Bank, Chickfil-A, Pizza Hut, Starbucks, McDonald’s, AutoZone Auto Parts, Dollar Tree, and more
» Walking distance to Alonzo De Leon Middle School (1,019 students), Dr. Carlos E. Castañeda Elementary School (509 students), and Christa McAuliffe Elementary School (527 students)
» Minutes from South Texas College – Pecan Campus (28,184 students, 2,654 employees), and the University of Texas Rio Grande Valley (over 29,000 students, 4,887 employees)
» Beneficial proximity to DHR Health (500+ beds, 5,500 employees), South Texas Health System McAllen (441 beds), and South Texas Health System Edinburg (127 beds)

GROWING BORDER CITY WITH ACCESS TO A LARGE CUSTOMER BASE
» Surrounded by high-density, single family housing developments and large apartment complexes
» Population of 222,716 within a five-mile radius (a 12% growth since 2010)
» Average annual household income of $86,300 within three miles of the site (projected to increase 18% by 2027)
» The McAllen region features a large, young, and continually growing labor pool with a median age of 29
» Close to the United States-Mexico border and a gateway to Corpus Christi, the eighth-most populous city in Texas (317,863 residents)
» McAllen is designated as a foreign trade zone and has established itself as a major hub for international trade and distribution

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

Property Description

Sold
» This Dutch Bros Coffee is located along West Nolana Avenue (29,275 AADT) near the North Ware Road (36,113 AADT) signalized four-way intersection
» The property is an outparcel to Target with nearby tenants such as Walmart Supercenter, Chase Bank, AutoZone Auto Parts, Dollar Tree, Chick-fil-A, Pizza Hut, Starbucks, McDonald’s, and numerous other well-known tenants
» The site maintains beneficial proximity to large area hospitals, including DHR Health (500+ beds, 5,500 employees), South Texas Health System McAllen (441 beds), South Texas Health System Edinburg (127 beds), and more.
» The property is within walking distance of Alonzo De Leon Middle School (1,019 students), Dr. Carlos
E. Castañeda Elementary School (509 students), and just minutes from South Texas College (28,184 students, 2,654 employees), and the University of Texas Rio Grande Valley (over 29,000 students, 4,887 employees)
» The location is densely populated with 222,716 residents living within a five-mile radius (a 12 percent growth since 2010) with an average annual household income of $86,300 within three miles and projected to increase 18 percent by 2027
» The site is located close to the United States-Mexico border and is a gateway to Corpus Christi, the eighth-most populous city in Texas (317,863 residents)