QSR – Page 3 – Secure Net Lease

Whataburger

2025 Construction. 3,053+/- SF Building on 1.61+/- Acre Site
Brand New 20-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years in Both the Primary Term and Renewal Options
Oversized 1.61 Acre Parcel on Cerrillos Rd Santa Fe’s Primary Retail Corridor with Over 41,100 Vehicles Per Day
Dense Retail and Institutional Trade Area Anchored by numerous national brands including Target, Sam’s Club, and Walmart
High-Volume Tourism and Cultural Market Attracting Approx. 3 Million Annual Visitors and $680 Million in Annual Spending
Whataburger is the 4th Highest Performing Fast-Food Restaurant in the United States w/ $3.78B in Revenue Across their 1,100+ Locations
Santa Fe | Capital and Cultural Center of New Mexico Ranked the #1 U.S. Travel Destination for 2025 | Population: 90,125+

2025 Construction. 4,365+/- SF Building on 1.359+/- Acre Site
Brand New 20-Year Corporate Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years and (8) 5-Year Renewal Options
Prime Location Along the Interstate 35 Growth Corridor with Traffic Exceeding 150,000 Vehicles per Day
Situated just 0.35 Mi. from Tanger Outlets (1.2M SF) and Premium Outlets (1.5M SF) – 14M Visitors/Yr.
Premier University and Workforce Base – Less than 2 Mi. from Texas State University (44,000 Students, 3,700+ Faculty)
McDonald’s is the World’s Most Valuable Restaurant Brand, with $40.5B in 2025 Revenue Across their 44,000+ Locations, 13,700 in the U.S.
San Marcos | Fast-Growing Central Texas Hub Anchored by Education & Retail | Population: 85,000+

2025 Construction. 2,043+/- SF Building. 0.75+/- Acre Site
New 15-Year Abs. NNN Ground Lease w/ 10% Rent Increases Every 5-Yrs. In Primary Term & Options, Plus (5) 5-Yr. Options to Renew
Located off N Hwy 77, the Main Retail Corridor in Waxahachie, Adjacent to H-E-B and Aldi & Just East of I-35 (64,170+ VPD)
Exceptional Surrounding Demographics w/in 5-Miles – 58,000+ People w/ Avg. HH Income Over $113,000
Waxahachie, Texas is a Growing City, 30 Miles South of Dallas, Enjoys Ideal Position along I-35, w/in Expanding Dallas–Fort Worth MSA
HTeaO is the Nation’s Leading Iced Tea Franchise, Currently Operating 150 Locations Across 14 States
Waxahachie | Located in the Dallas-Fort Worth Metroplex | Population: 51,400+

2003 Construction. 3,078+/- SF Building on 0.61+/- Acre Site
8 Years Of Lease Term Remaining, with (2) 5-Year Options to Renew & 10% Rental Increases in the Option Periods
Long-Term Commitment | Starbucks Has Been On Site Since 2005 & Renewed Early Multiple Times to Extend Lease Term to 10 Yrs.
Heavily Trafficked Location | Located on S Ed Carey Dr (34,024+ VPD), right off of S 77 Sunshine Strip (26,458+ VPD)
Strong & Growing Customer Base | 100k+ Residents w/in 5 Mi. of Site | Pop. Expected to Grow by 2%+ Over Next 5 Yrs.
Starbucks Operates 40,000+ Stores in 86 Countries and Reported $36.69 Billion in 2024 Revenue
Harlingen, TX (Rio Grande Valley) | Ranked as #1 Least Expensive Urban Area in U.S. | Population: 72,515+

2025 Construction. 6,646+/- SF Building on 1.6+/- Acre Site
10-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5-Yrs. in both the Primary Term and (4) 5-Year Renewal Options
High-Visibility Regional Corridor- Positioned at I-2/Expressway 83 & FM 493 (132,801+ VPD)
Anchored Power Center Location w/in the ±200,000 SF “Shops at 493,” co-anchored by Walmart Supercenter, Burlington, Ross, DD’s & More
Near Major Traffic Drivers – Donna ISD (21 Schools; 13,000+ Students; 2,358 Employees) & Donna-Rio Bravo International Bridge (3.5M+ Crossings/Yr.)
Cheddar’s Scratch Kitchen is a Casual Dining Restaurant Concept that specializes in Fresh, Made-From-Scratch Meals & Operates 185 Locations
Donna | Supported by $17.5B+ in Retail Sales and Robust Cross-Border Trade | Population: 16,874+; MSA: 870,000+

2025 Construction. 5,362+/- SF Building on 1.65+/- Acre Site
15-Year Abs. NNN Ground Lease w/ 10% Rental Increases Every 5 Years in both Primary Term & (8) 5-Year Renewal Options
High-Visibility Regional Corridor- Positioned at I-2/Expressway 83 & FM 493 (132,801+ VPD)
Anchored Power Center Location w/in the ±200,000 SF “Shops at 493,” co-anchored by Walmart Supercenter, Burlington, Ross, DD’s & More
Near Major Traffic Drivers – Donna ISD (21 Schools; 13,000+ Students; 2,358 Employees) & Donna-Rio Bravo International Bridge (3.5M+ Crossings/Yr.)
Chick-fil-A Operates 3,100+ Restaurants Nationwide, w/ Industry-Leading ~$9.3M AUV & Ranked #1 in U.S. Customer Satisfaction
Donna | Supported by $17.5B+ in Retail Sales and Robust Cross-Border Trade | Population: 16,874+; MSA: 870,000+

2025 Construction. 664+/- SF Building on 0.69+/- Acre Site
15-Year Corporate Net Lease with JAB Holding Company; 10% Rent Increases Every 5-Yrs. in Primary & Option Periods
Located on the Corner of Northwest Highway & Ball St (34,800+ Combined VPD), just Northeast of TX 114 (104,700+ VPD)
1.5 Miles from Dallas-Fort Worth International Airport (87.8 Million Passengers/Year) – 2nd-Busiest Airport in U.S. and 3rd in the World
Densely Populated Area with High Spending Power – 113,000 Residents w/ Avg. HH Income of nearly $220,000 w/in 5 Miles
Caribou Coffee is the Second-Largest Premium Coffeehouse in the U.S. with 800 Locations Worldwide in 11 Countries
Grapevine | Located in the Heart of the DFW Metroplex | Population: 51,300+; MSA: 8.7M+

2025 Construction. 2,395+/- SF Building on 0.58+/- Acre Site
Brand New 10-Year Corporate Net Lease with 10% Rental Increases Every 5 Years in both the Primary Term and Renewal Options
Excellent Location Along Expressway 83 (112,286 VPD) in Major Regional Retail Corridor
Directly Surrounded by Walmart, Home Depot, McDonald’s, T-Mobile & More
Minutes from Mission Regional Medical Center (1,000+ Employees) and UTRGV (32,441 Students)
Starbucks Operates 40,000+ Stores in 86 Countries and Reported $36 Billion in 2023 Revenue
Mission, TX | Highest Median Household Income in Rio Grande Valley | Population: 88,251

2025 Construction. 2,365+/- SF Building on 0.8+/- Acre Site
New Construction Site with 10 Year Corporate Net Lease, 10% Rental Escalation the Primary Term and (4) 5-Year Option Periods
High Traffic Site With ±23K VPD at N Mechanic St and W Norris St, 40 Miles from Houston, TX
Surrounded by Key Demand Drivers – El Campo Memorial Hospital (10,286 annual ED visits), El Campo ISD (3,349 students), & More
Tourism, Healthcare, & Education-Fueled Area – El Campo is a Certified Scenic City w/ Family-Oriented Growth and Retail Demand
Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World, Ranked Most Valuable Brand Globally for 8 Years
El Campo | 40 Miles from Houston, TX | Population: 11,800+

2025 Construction. 3,305+/- SF Building on 0.99+/- Acre Site
Brand New 15-Year Absolute NNN Lease with 10% Rental Increases Every 5 Years in both the Primary Term and Renewal Options
Signalized Hard Corner Location at E Main St & Seaman St (65,000 Combined VPD)
Adjacent to Walmart Supercenter, Tractor Supply & Multiple Hotels Serving Interstate 20
Only Whataburger Within 40 Miles Serving an Estimated 27,000 Residents
Whataburger Operates 1,109 Locations Across 16 States with $4B+ in Systemwide Sales
Eastland, TX | Pro-Business Market with 21% Lower Cost of Living Than National Average | Population: 3,631