LONG-TERM ABSOLUTE NNN LEASE WITH FIXED RENT INCREASES

The lease runs to October 30, 2035 with no landlord responsibilities of any kind: taxes, insurance, utilities, repair, maintenance, roof and structure all sit with the tenant, and the tenant pays taxes directly. Rent increased ten percent in October 2025 and increases ten percent again in October 2030, carrying the going-in 6.15% yield to 6.77% inside the primary term. Two five-year options, each at another ten percent, reach an 8.19% yield on today's price.

AFFLUENT TRADE AREA WITH STRONG DEMOGRAPHICS

Average household income is $169,575 at one mile, $187,158 at three and $184,808 at five. Median home value is $469,490 at three miles and 68.8% of adults hold a bachelor's degree or higher. 105,666 residents live inside three miles and 210,219 inside five miles, with a 68,562 daytime population. Fort Bend County has grown 18.3% since the 2020 census, to 975,191 residents on the Census Bureau's 2025 estimate.

ESTABLISHED RETAIL CORRIDOR

The Crossing at Katy Fulshear, 80 acres at FM 1093 and FM 1463, carries a 190,000 SF Walmart Supercenter across 550,000 SF, with T.J. Maxx, Ross and LA Fitness. East of the subject at Spring Green Boulevard, Southpark at Cinco Ranch carries a 101,497 SF Kroger, a 71,755 SF Academy Sports and Spec's across 264,667 SF. Houston Methodist holds the subject's own corner, a 24-hour emergency care center at 26000 FM 1093 and a 67,000 SF comprehensive care center at 6601 Cinco Rose Drive that opened April 11, 2026.