New 15-Year Lease | Scheduled Rental Increases | Newly-Renovated Building | Growing, Vegan-Friendly Brand The tenant, Voodoo Doughnut, LLC, recently signed a brand new 15-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation Founded in 2003, Voodoo Doughnut is a growing doughnut brand with at least 19 locations in seven different states Voodoo Doughnut features 50+ doughnut flavors, including more than two dozen vegan options The newly renovated building opened in November, 2022, becoming the fourth Voodoo Doughnut location in the greater Houston area and the 2nd most visited location in the state of Texas Outparcel to Walmart Anchored Power Center | Across from H-E-B, the #1 Grocery Store Brand in Texas | Strong National/Credit Tenant Presence | Dense Retail Corridor Ideally situated as an outparcel to Price Plaza, a regional power center anchored by Walmart Supercenter and Ross Dress for Less Directly across from Westgate Marketplace, a 300,000 SF center anchored by H-E-B, the top grocery store brand in Texas The Walmart and H-E-B average a combined 3.5 million annual visits (placer.ai) Other National Retailers in close proximity include: Sam’s Club, Target, Lowe’s, The Home Depot, Ross, Kohl’s, Best Buy, McDonald’s, Chick-fil-A, Shake Shack, Raising Cane’s, and more Strategically Located Along Fry Road (52,600 VPD) | Proximity to Interstate 10 (275,800 VPD) | Excellent Visibility | Equipped with 24-Hour Drive Thru The subject property is strategically located along Fry Road, which averages 52,600 vehicles passing by daily Nearby direct on/off ramp access to Interstate 10, the main east-west highway serving the southern United States averaging nearly 276,000 vehicles per day Excellent visibility via significant street frontage and a large pylon sign along Fry Road (52,600 VPD) The building is equipped with a 24-hour drive-thru, providing ease and convenience for guests On average, stores with drive-thrus experience higher sales than those without Direct Consumer Base | Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area The 5-mile trade area is supported by over 281,866 residents and nearly 239,286 employees, providing a direct consumer base from which to draw Residents within 5 miles of the subject property boast an affluent average household income of $119,158 Katy, Texas is a prosperous, family-friendly community within the Houston Metropolitan Area, one of the fastest growing regions in the United States NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities Tenant pays for taxes, insurance, and utilities, and maintains all aspects of the premises including roof & structure Ideal, low-management investment opportunity for a passive investor Landlord responsibilities limited to building insurance - see pg. 15 for details