Investment Highlights

20-YEAR ABSOLUTE NNN GROUND LEASE TO CORPORATE TENANT
» Regions Banks is an investment grade tenant, with an “A-” rating from Standard & Poor’s
» No landlord responsibilities, providing an ideal investment for local and out-of-area investors
» 10% rental increases every five years, providing a hedge against inflation

HIGH-TRAFFIC LOCATION IN GROWING RETAIL AND COMMERCIAL CORRIDOR
» 24,841 AADT Directly in Front of the Property and Immediate Access to Grand Parkway with 61,554 AADT
» Located at the entrance of the Gleannloch Farms masterplanned community with 3,200 existing homes and 384 Class A apartments under construction
» Anchored by a newly constructed HEB directly across from the property
» Located within the 10-acre Gleannloch Crossing Retail Center with numerous national tenants including Taco Bell, Popeye’s, McDonald’s, Sherwin Williams, AT&T, Subway, MOD Pizza, UPS, and more tenants on the way
» Close proximity to Gleannloch Forest Crossing, a new development featuring 384 Class A apartments and retail

EXCELLENT LOCATION IN RAPIDLY GROWING SUBMARKET WITH STRONG DEMOGRAPHICS
» Between 2010 and 2019, the Tomball/Spring submarket experienced a historic annual growth rate of 49%
» Average household income of $153,735 within a one-mile radius of the property
» 198,811 residents live within a five-mile radius

Property Description

SOLD
The property is conveniently located just off of Grand Parkway (61,554 AADT) on Champions Forest Drive (24,841 AADT). It is also directly across from a brand new HEB, and is within Gleannloch Crossing, a 9-acre retail center, with with numerous national tenants including but not limited to Taco Bell, Popeye’s, McDonalds, Sherwin Williams, AT&T, Subway, ModPizza, and UPS. This Regions Bank is situated at the entrance of the Gleannloch Farms master-planned community with 3,705 existing homes and 384 Class A apartments under construction. The property is also directly adjacent to Gleannloch Forest, a 7-acre retail center under construction.

The property is located next in Tomball/Spring trade area. Between 2010 and 2019, the Tomball/Spring submarket which has experienced a historic annual growth rate of 49% between 2010 and 2019. 21,186 homes are within a three-mile radius of the property. These residential developments are highlighted by Gleannloch Farms with 3,705 homes, and Northpointe Homes, with 3,879 homes. The Spring/Tomball area’s status as an emerging economic center has attracted wealthy professionals to the region, making the submarket one of the richest in Houston. The average household income within a one-mile radius of the property is $153,735, and 198,811 residents with an average household income of $123,534 live within a five-mile radius.