Investment Highlights

CORPORATE GUARANTEED LEASE TO INVESTMENT GRADE TENANT WITH STRONG FINANCIALS
» Guaranteed by Dollar Tree, Inc. (NASDAQ: “DLTR”)
» Company operates over 14,500 stores and has annual sales of over $20.7 billion
» Dollar Tree, Inc. is rated “BBB-” by Standard & Poor’s

ABSOLUTE TRIPLE NET LEASE WITH SCHEDULED RENTAL INCREASES
» Scheduled rental increases of 5% after Year 10 and every five years thereafter, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, utilities, and all maintenance, including roof, structure, and parking lot
» No landlord management, providing an ideal investment opportunity for an out-of-area investor

IRREPLACEABLE INFILL LOCATION WITH STRONG DEMOGRAPHICS
» Excellent visibility and access to 17,060 vehicles per day at hard corner intersection
» Within walking distance of Del Mar College – 12,000+ students and 1,542 employees
» Near 557-bed hospital that is currently adding a 12-story medical tower
» Close proximity to downtown Corpus Christi and Corpus Christi’s main retail corridor
» 185,376 residents and 114,165 daytime employees within a five-mile radius

NEW 2018 CONSTRUCTION
» Built in 2018 to tenant’s exact specifications
» New building, limiting near-term deferred maintenance or capital costs

Property Description

SOLD

The property is strategically located at the hard corner of Ayers Street and Arlington Drive, with excellent visibility and access to over 17,060 vehicles per day. Approximately half a mile from the property i sconvenient access to Highway 286, which experiences a high traffic count of 107,104 vehicles per day. Highway 286 connects to South Padre Island Drive, Corpus Christi’s main retail corridor. Some of the region’s largest shopping centers, including La Palmera, are just minutes away from the property. La Palmera is a super regional mall with more than 100 retail and restaurant tenants and over one million square feet of retail space. The mall is anchored by Dillard’s, Macy’s, and JCPenney and features a 600-seat food court with a 4,500-gallon feature aquarium and a children’s ocean-themed play area. Other notable retailers on South Padre Island Drive include Target, Sam’s Club, Best Buy, Hobby Lobby, Academy Sports + Outdoors, H-E-B, Lowe’s, Barnes & Noble, Bed Bath & Beyond, and many more. In addition, the property is within walking distance of major national tenants, such as Home Depot, Sonic Drive-In, Dairy Queen, CVS, and Bealls.

The property is just a few blocks from Del Mar College, which has a total enrollment of over 12,000 students. A number of other schools are located nearby, including Travis Elementary (545 students) and Houston Elementary (502 students). The property is also a short distance from CHRISTUS Spohn Hospital Corpus Christi – Shoreline, a 557-bed hospital that is currently adding a 12-story medical tower, which is expected to be completed in 2019. The property is centrally located just three miles outside of downtown Corpus Christi. As a result, the area has a large daytime population, with 114,165 daytime employees working within a five-mile radius. Additionally, 185,376 residents live within the same area, providing a strong customer base for Family Dollar.