INVESTMENT HIGHLIGHTS

• Strategic Location Adjacent to OakBend Medical Center – Positioned next to a prominent healthcare facility, ensuring consistent foot traffic and a stable customer base for this Walgreens location. Proximity to OakBend Medical Center creates natural healthcare synergy, driving demand for pharmacy services and related retail offerings.
• Below-Market Rent Advantage – The current lease terms offer a rental rate ±$6 below market rent per Costar.com.
• Robust Store Performance – Reported store sales exceed $3.2 million, reflecting strong revenue generation and thriving location.
• Prime Signalized Corner Location – Situated at a high-visibility, signalized intersection, maximizing accessibility and exposure to both pedestrian and vehicular traffic. This location has visibility of over 18,500 vehicles daily.
• Dense Population and Growing Demographics – Richmond, TX has seen its population grow more than 18% in the past 5 years. There are now over 53,141 residents within a 3-mile radius and over 125,097 residents within a 5-mile radius accounting for an average household income of over $122,767.
• Houston, TX MSA – Richmond, TX is located ±30 miles southeast of Houston, TX. Houston has a population of over 2.3M residents and is the largest city in Texas.
• Tax Free State – Texas is one of 9 income tax free states, providing significant tax advantages for qualified investors.