Brand-New 15 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
Corporately Guaranteed Lease by Outback Steakhouse of Florida, LLC – a Best in Class Tenant with a Moody’s Credit Rating of B1, Operating More Than 700 Locations & Generating Over $1.98 Billion in Revenue in 2020
New Construction, Pride of Ownership Asset Featuring Outback’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
Located at a Signalized Intersection with Highway Frontage in a High Barrier to Entry Trade Area Containing Over 12 Million Square Feet of Retail and Restaurant Space
High Traffic Location – Over 137,000 Vehicles Per Day on Interstate-35 and More Than 22,000 Vehicles Per Day on Heritage Trace Parkway
Densely Populated, Infill Location with Excellent Demographics – Over 254,100 People in a 5-Mile Radius with Average Household Income Exceeding $105,400
Approximately 1.2 Miles from the 99 Bed Medical City Alliance Hospital That Employs Over 1,340 Healthcare Professionals and Generated More Than $773.6 Million in Total Patient Revenue in 2020
Situated Less Than 2 Miles from the 101 Bed Texas Health Harris Methodist Alliance Hospital That Employs Over 750 Healthcare Professionals and Generated More Than $416.9 Million in Total Patient Revenue in 2020
Strategically Positioned Adjacent to the Federal Aviation Administration’s Regional Headquarters That Employ Over 1,600 People
Over 31 Million Square Feet of Industrial Space and More Than 12,600 Apartment Units in a 5-Mile Radius of the Property – High Daytime Population with More Than 57,300 Employees & 6,350 Businesses in a 5-Mile Radius
Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset