Investment Overview

* Absolute NNN BJ’s Brewhouse Ground Lease located as an outparcel to Richland Mall, which per placer.ai has approximately 3.5M annual visitors * Corporate Guarantee from BJ’s Restaurants, Inc. (NASDAQ: BJRI)- founded in 1978, BJ’s currently operates more than 215 locations throughout 31 states- BJ’s reported revenue of $1.357 Billion in 2024, and increase of 1.8%- comparable restaurant sales increased 1.2% for Fiscal 2024 and restaurant level operating profit was up 10% * Conservative rent/sales- under 6.0% * Rental increase of potentially 10% to occur on June 1, 2027- rent increases every five-years based on CPI, not to exceed 10% * Large parcel of 2.2 acres directly off Texas 340 Loop- ADT of over 64,000 * Dense retail, hospitality, and medical corridor- outparcel to Richland Mall (Dick’s, JCPenney, Dillard’s), and near Home Depot, Olive Garden, Chrysler/Dodge dealership, Whataburger, Fairfield Inn, LaQuinta, Comfort Suites, Super 8, Stay America, and Ascension Providence Hospital (273 beds) * Approximately 7 miles from Baylor University- founded in 1845, Baylor is the oldest University in the state of Texas and currently has an enrollment of over 20,000 students * Densely populated market- nearly 140,000 residents within a 5-mile radius with an average household income of nearly $80,000