Outback Ground Lease, Fort Worth, Texas

Investment Highlights

• 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