New 15 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Three (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 Valvoline – Brand New 3-Bay Building Prototype, the First to Open in the Houston MSA
Valvoline Has Been Designated an “Essential Business” by the Department of Homeland Security and Has Remained Open Throughout the Pandemic
High Traffic Location –Over 226,800 Vehicles Per Day on Interstate-10, the Largest Contiguous Highway in the United States, Spanning from California to Florida – Plus an Additional 82,368 on Nearby Grand Pkwy (TX-99)
Strategically Positioned in Katy Grand Crossing, a Mixed-Use Retail Power Center Anchored by Costco Wholesale & Multiple Apartment Complexes with a Combined 1,233 Units
Densely Populated Location with Excellent Demographics – Over 71,300 People in a 5-Mile Radius with Average Household Income Exceeding $121,500
Tremendous Recent Growth – Over 169% Population Growth in a 5-Mile Radius Since the 2000 Census – Continued Estimated Growth Potential Exceeding an Additional 17% by 2026
Strategically Located in an Extremely Strong Trade Area Containing Over 19.8 Million Square Feet of Retail & Restaurant and Almost 20 Million Square Feet of Industrial & Office Space within a 5-Mile Radius of the Property
High Daytime Population with More Than 71,300 Employees in a 5-Mile Radius – Near Many Major Businesses Including the Academy Sports & Outdoors Corporate Office and the Geico Houston Headquarters
Situated Approximately 1.3 Miles from the University of Houston-Victoria at Katy with Over 10,000 Students & Faculty Members
Within a 5-Mile Radius of 34 Primary & Private Schools with 37,467 Combined Students – Katy ISD is Projected to Grow to More Than 90,000 Students in the Next 7 Years
Less Than 5 Miles from the 58-Bed Houston Methodist Continuing Care Hospital with Over $126.9 Million Total Patient Revenue in 2020 and a Staff of More Than 1,450 Healthcare Professionals
Texas is an Income Tax Free State with a Strong Economy and Growing Population, Providing an Ideal Location for a 1031 Exchange Asset