Investment Highlights

LONG-TERM GROUND LEASE TO FIRST-IN-CLASS TENANT
» Long-term NNN ground lease with scheduled rental increases, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Leased to Garza Management, the largest Sonic franchisee in Houston

EXCELLENT LOCATION IN HIGH GROWTH MARKET
» Outparcel to The Market at Cross Creek Ranch, a new shopping center development anchored by H-E-B
» Prime location at the entrance to the Cross Creek Ranch planned community, which will feature 7,200 homes and have a population of 18,560 upon completion
» Located in a rapidly developing area, with approximately 43,000 new homes recently completed, under construction, or planned within five miles of the property
» Walking distance from two new schools being built directly behind The Market at Cross Creek Ranch; the two schools will jointly serve 3,400 students and represent a more than $250 million investment by the Katy Independent School District into the Cross Creek Ranch community

HIGH-TRAFFIC LOCATION WITH ROBUST DEMOGRAPHICS
» Located at a signalized intersection with excellent visibility and access to 34,682 vehicles per day, a traffic count that is growing as development continues
» Average household incomes equal or exceed $169,000 within one-, three-, and five-mile radii
» Densely populated area, with 134,022 residents living within five miles of the property

NEW 2018 CONSTRUCTION WITH DEDICATED DRIVE-THRU
» Built by tenant at tenant’s expense, demonstrating long-term commitment to the location
» New building, limiting near-term deferred maintenance or capital costs

Property Description

SOLD
The property is strategically located at the signalized intersection of Fulshear Bend Drive and FM 1463, with excellent visibility and access to 34,682 vehicles per day. The property is outparcel to The Market at Cross Creek Ranch, a new shopping center development anchored by H-E-B and featuring well-known tenants like Great Clips, MOD Pizza, Leslie’s Pool Supplies, Regions Bank, and more. Located in a rapidly growing commercial and retail corridor, the property is also near national brands like Walmart Supercenter, PetSmart, Chick-fil-A, Aldi, AutoZone, CVS, and McDonald’s.

The property benefits from its prime location in the heart of a new growth market. The property is part of the Cross Creek Ranch planned community, which is expected to feature 7,200 homes and have a population of 18,560 upon completion. Other communities are under development in the surrounding area, and approximately 43,000 new homes are planned within a five-mile radius of the property. The property is also within walking distance of two new schools being built directly behind The Market at Cross Creek Ranch. The two schools will jointly serve 3,400 students and
represent a more than $250 million investment by the Katy Independent School District into the Cross Creek Ranch community. Additionally, the property is supported by a large, affluent customer base; 134,022 residents live within five miles of the property, and average household incomes equal or exceed $169,000 within one-, three-, and five-mile radii.