Investment Highlights

ABSOLUTE NNN GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» Long-term NNN ground lease with no landlord responsibilities
» 10% rental increases every five years, providing a steady and reliable income stream
» Corporate lease to Olive Garden, the largest chain of Italian-themed restaurants in the nation
» Olive Garden is owned by Darden Restaurants (NYSE: “DRI), rated “BBB” by S&P

HIGH-TRAFFIC LOCATION IN PRIMARY RETAIL CORRIDOR
» Prime location with frontage to Expressway 83 and visibility from Interstate 2 (combined 138,000+ vehicles per day)
» Less than 4 miles from North Interstate Highway 69C arterial (81,466 AADT)
» Adjacent to Acura and Audi to the east and next to newly constructed Starbucks and Chili’s
» Other major national tenants nearby include Walmart Supercenter, H-E-B, Bank of America, Gamestop, Wingstop, Jack-in-the-Box, Dollar Tree, Popeyes, and many others
» The surrounding area is home to a variety of attractions, including Alamo Dance Hall, Mercadome Flea Market, Bentsen-Rio Grande Valley State Park, Santa Ana National Wildlife Refuge, City Music Ballroom Hacienda, and Basilica of Our Lady of San Juan del Valle
(second most visited shrine in the U.S. and attracts 1+ million visitors each year)
» Rio Grande Valley historically has some of the highest store-level sales for casual dining assets in the country

DENSELY POPULATED SOUTH CENTRAL TEXAS COMMUNITY POISED FOR CONTINUOUS GROWTH
» 175,326 residents within a five-mile radius (20% increase since 2010)
» Average annual household income expected to increase approx. 15% over the next five years
» Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years poise Olive Garden and San Juan for steady concurrent growth
» The area is home to a number of colleges and universities, including the University of Texas Rio Grande Valley (31,940 students) and South Texas College (28,233 students)

NEW 2023 CONSTRUCTION IN A TAX-FREE STATE
» New 2023 construction built to the latest Olive Garden restaurant prototype
» Texas has no personal income tax or corporate income tax

Property Description

» Excellent Location: Prime location with frontage to Expressway 83 and visibility from Interstate 2 (combined 138,000+ vehicles per day) and less than 4 miles from North Interstate Hwy 69C arterial (81,466 AADT)
» Home to a Variety of Attractions: San Juan is home to the Alamo Dance Hall, Mercadome Flea Market, Bentsen-Rio Grande Valley State Park, Santa Ana National Wildlife Refuge, City Music Ballroom Hacienda, and Basilica of Our Lady of San Juan del Valle, which attracts over 1 million visitors each year. It is the second most visited shrine in the United States after the National Shrine of the Immaculate Conception in Washington, D.C.
» Ideal Nearby Customer Base: The area is home to a number of colleges and universities, including the University of Texas Rio Grande Valley (31,940 students) and South Texas College (28,233 students)
» Strong Demographics: 175,326 residents within a 5-mile radius (20% increase since 2010) with an average annual household income expected to increase approx. 15% over the next five years