Investment Highlights

100% LEASED MULTI-TENANT RETAIL ASSET WITH AMAZON-PROOF RETAILERS
» Multi-tenant retail asset leased to a strong mix of national, regional, and local tenants
» Scheduled rental increases (including annual increases) for all tenants, providing a hedge against inflation
» Below market rents with strong scheduled rental increases
» In 2021 when many brands struggled, Chicken Salad Chick saw a nearly 50% increase in sales and added 30 restaurants. Specifically, it reported $255 million in systemwide sales, a 46% increase over 2020
» Texas has no corporate franchise tax, no state personal income tax, no taxes on inventories, and no taxes on foreign income

INFILL LOCATION WITH PRIME ACCESSIBILITY TO MAJOR TEXAS THOROUGHFARES
» High-visibility and easily accessible location near the signalized intersection of Sam Houston Tollway and Crenshaw Road (combined 96,186 AADT)
» Population of 276,560 within a five-mile radius of the location, creating an ideal customer base for the site
» Surrounded by high-density single-family housing developments and large townhouse complexes
» Exceptional average annual household income of $117,621 within one mile of the location
» Projected 15 percent average annual household income increase within a five-mile radius of the site in the next five years, poising The Market at Crenshaw and Pasadena for significant concurrent growth

IRREPLACEABLE LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Irreplaceable infill location outparcel to a Academy Sports + Outdoors-anchored shopping center
» Ideal co-tenancy for a multi-tenant retail center with excellent cross-access
» Site features a new dedicated exit ramp for Crenshaw Road, allowing the property to capture maximum traffic
» Three miles from HCA Houston Healthcare Southeast (345 beds, 1,750 employees)
» Central location near multiple Texas community hubs, including Bay Oaks Country Club, The Lone Star Flight Museum, William P. Hobby Airport, and Trinity Bay
» Gateway to Downtown Houston, the fourth-most populous city in the U.S. (population 2,320,268)

Property Description

» The Market at Crenshaw has a high-visibility and easily accessible location near the signalized intersection of Sam Houston Tollway and Crenshaw Road (combined 96,186 AADT)
» Ideally set in a large retail corridor, the property is an irreplaceable infill location outparcel to a Academy Sports + Outdoors-anchored shopping center
» The site greatly benefits from its proximity three miles from HCA Houston Healthcare Southeast (345 beds, 1,750 employees), one of Pasadena’s largest employers
» 276,560 residents live within a five-mile radius of the site, providing an extremely large and reliable customer base
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise The Market at Crenshaw and Pasadena for steady concurrent growth
» The property is surrounded by high-density single-family housing developments and large townhouse complexes