Investment Overview

LOCATION- DENSE INFILL SAN ANTONIO LOCATION FILLED WITH RETAIL & MEDICAL *Outparcel to a large LA Fitness/Dollar Tree anchored shopping center *Incredibly dense medical market- approximately 2 miles South Texas Medical Center which consists of Methodist Hospital, St. Luke’s Baptist Hospital, Audie L. Murphy Memorial Veterans Hospital, University Health, & UT Health which combine for a total of 3,100+ beds *Approximately 2 miles from USAA Corporate Headquarters, which consists of 15,000 employees and 6,000 contractors working out of this location *Across the street from a large HEB anchored grocery center *Near the intersection of Babcock Road and Huebner Road- ADT of over 60,000 cars/day *Densely populated area- over 355,000 people in a 5-mile radius with an AHI over $84,000 *Approximately 12 miles northwest of downtown San Antonio- San Antonio MSA currently has over 2.6M residents and is expected to grow by 6.0% by 2028 TENANT- SUPERIOR QSR TENANT *Chick-fil-A, founded in 1946 and headquartered in Atlanta, has over 3,000 locations in 48 states, Washington, D.C., Puerto Rico, and Canada *Chick-fil-A reported a total revenue of $22.7B in 2024 *Chick-fil-A is the top ranked Average Unit Volume QSR in the country- in 2024, Chick-fil-A reported an AUV of $9.317 Million LEASE TERMS/BUILDING- LONG TERM ABSOLUTE NNN GROUND LEASE *Chick-fil-A signed a 20-year absolute NNN Ground Lease in September 2015 that will expire on September 30, 2035 *10% rental increases every five years, including the four (4), five (5) year options to extend *Conservative rent of $127,050, which is only $28.72/SF *Double drive-thru location *All brick construction- 4,423 SF building on 1.28 acres