Investment Highlights

NEW 10-YEAR CORPORATE NET LEASE WITH SCHEDULED RENTAL INCREASES
» Leased to Heartland Dental for 10 years plus three (3) five-year options
» 10% fixed rental increases every five years in initial term and extension terms
» Heartland Dental, LLC is the largest dental support organization in the U.S., with more than 1,700 supported dental offices located in 38 states
» Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496B under management
» Heartland Dental continues impressive national growth with more than 87 new locations opened in 2022

PRIME LOCATION ACROSS FROM WALMART SUPERCENTER AND IN CLOSE PROXIMITY TO ANDERSON LOOP (99,047 AADT)
» Prominent location along Nacogdoches Road with access to 24,353 combined vehicles per day
» Highly accessible location at the confluence of major San Antonio thoroughfares including East Charles William Anderson Loop (99,047 AADT), and Interstate 35 (232,237 AADT)
» Strategic location across from Walmart Supercenter and near Rolling Oaks Mall (100+ stores), providing exposure and access to an ideal and consistent customer base
» Minutes from Methodist Hospital Northeast (237 beds) and Northeast Lakeview College (6,657 students)
» Well-positioned near several schools such as Madison High School (3,285 students), Harris Middle School (1,069 students), and Steubing Ranch Elementary School (993 students)

DENSELY POPULATED SAN ANTONIO RESIDENTIAL COMMUNITY POISED FOR CONTINUOUS GROWTH
» 191,585 residents within a five-mile radius (22% growth since 2010)
» Average annual household income of $95,983 within five miles (projected 13% increase by 2028)
» Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years poise McDonald’s and San Antonio for steady concurrent growth
» Within walking distance from Ascend at 1604 Apartments (424 units)
» 14 miles from Joint Base San Antonio (JBSA), the largest and most diverse joint base in the Department of Defense with 74,289 local employees
» Gateway to Downtown San Antonio, the urban core of Greater San Antonio with 2.5 million people

NEW 2023 CONSTRUCTION IN A TAX-FREE STATE
» New high-quality 2023 construction built to Heartland Dental’s latest prototype
» Texas is an income tax-free state

Property Description

» Highly Desirable Location Across from Walmart Supercenter with Proximity to Large Retail Centers: The property boasts a prime location along Nacogdoches Road directly across from a Walmart Supercenter, offering excellent exposure and immediate access to a steady flow of 24,353 daily vehicles. With its prominent placement near Rolling Oaks Mall (100+ stores), the site is poised to tap into a diverse and consistent customer base and take advantage of the thriving retail environment
» Convenient Access to Major San Antonio Thoroughfares: This property has convenient access to major San Antonio thoroughfares, including the East Charles William Anderson Loop and Interstate 35, enhancing visibility and facilitating easy commuter access
» Beneficial Proximity to Education and Community Hubs: The site maintains proximity to Methodist Hospital Northeast, Northeast Lakeview College, and several esteemed schools such as Madison High School, Harris Middle School, and Steubing Ranch Elementary School, which presents a unique opportunity for Heartland Dental to cater to the needs of residents, students, and healthcare professionals
» Densely Populated Residential Community: Located in a growing San Antonio residential community, the property is supported by a population of 191,585 within a five-mile radius with an average annual household income of$95,983. The area is poised for continuous growth with a projected increase in population and income within a 1-, 3-, and 5-mile radius, McDonald’s is well-positioned for sustained growth in the promising market
» Gateway to Downtown San Antonio: Positioned just 14 miles from Joint Base San Antonio (JBSA), employing over 74,000 individuals, and serving as the gateway to Downtown San Antonio, this property has a strategic advantage to capitalize on the local workforce and large trade area of 2.5 million people