Investment Highlights

CORPORATE GUARANTEED LEASE WITH SCHEDULED RENTAL INCREASES
» Guaranteed by Dollar Tree, Inc. (NASDAQ: “DLTR”) – rated “BB+” by Standard & Poor’s
» 15-year initial term with six five-year option periods
» Scheduled rental increases of 5% after Year 10 and every five years thereafter, providing a hedge against inflation

ABSOLUTE TRIPLE NET LEASE
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management
» Ideal investment opportunity for an out-of-area investor

EXCELLENT LOCATION IN INTERSTATE 45 RETAIL, COMMERCIAL, AND RESIDENTIAL CORRIDOR
» Convenient access to Interstate 45 (130,350 AADT), a heavily trafficked highway providing access to downtown Houston
» Surrounded by several large industrial parks and located in a major employment area, with 111,069 daytime employees within a five-mile radius
» Population of 244,985 within a five-mile radius, providing a large customer base

CLOSE PROXIMITY TO IMPORTANT COMMUNITY AMENITIES
» Near George Bush Intercontinental Airport, one of the busiest airports in the world, with over 43 million passengers per year
» Less than two miles from Lone Star College–North Harris (18,478+ students), part of the Lone Star College System, the largest college system in Houston and one of the fastest growing in the U.S.
» Close to Houston Northwest Medical Center, with 306 beds, 600 medical staff members, and $1.7 billion in annual revenue

Click Here to Download Offering Memorandum

Property Description

SOLD

The property is located on Imperial Valley Drive just south of the signalized intersection of Imperial Valley Drive and East Richey Road, which has a traffic count of 38,964 vehicles per day. East Richey Road provides convenient access to Interstate 45, a heavily trafficked highway that provides access to downtown Houston and experiences a high traffic count of 130,350 vehicles per day. The Interstate 45 corridor is a major retail, commercial, and residential area. Several major retailers are located near the property, including Sam’s Club, Lowe’s, Aldi, Taco Bell, Subway, and Walgreens. The property is surrounded by large industrial parks and dense residential neighborhoods. The area is both a densely populated residential area and a large employment center; 244,985 residents live and 111,069 daytime employees work within a five-mile radius of the property. Liberty Pines Business Park, a 110-acre industrial park, is under development directly adjacent to the property, further cementing the area’s status as an important business center.

The property benefits from its close proximity to important community amenities. George Bush Intercontinental Airport is located less than three miles from the property. The airport serves over 43 million passengers per year, making it one of the busiest airports in the world. Lone Star College–North Harris, which has a total enrollment of over 18,475 students, is less than two miles from the property. The college is part of the Lone Star College System. With more than 83,000 credit students each semester, and a total enrollment of 95,000 students, Lone Star College System is the largest institution of higher education in the Houston area and the fastest-growing community college system in the United States. Houston Northwest Medical Center is also located near the property, less than three miles away. The 306-bed hospital employs 600 medical staff members and makes $1.7 billion in annual revenue.