22215 FM-529

• Located in the Target anchored Plaza at Elyson shopping center - strategically located

in West Houston at the SWC of Hwy 99 (Grand Parkway) at FM 529 (Freeman), mid-way

between Katy and Cypress markets.

• Located in the Elyson master-planned community (3,600 acres - 6,000 homes when

completed) which consistently ranks in top 35 nationally.

• Area retailers Target (First location in USA- Northstar prototype), Burlington, EOS Fitness,

Chick-fil-a, McDonalds, Chipotle, Taco Cabana, Taco Bell.

• To be constructed new NFL Houston Texans headquarters and training facility (83 acres)

called Toro District located nearby- opening 2029. Will also have retail, restaurants, hotels,

entertainment venue, healthcare, multifamily housing.

• More than 257,500 residents and 165,500 employees in a 5 mile trade area.

Tenant: Whataburger Restaurants, LLC, a TX limited liability

company

DBA: Whataburger

Address: 22215 FM-529, Katy, TX 77493

Lease Type: Ground Lease

Year Built: 2024

Building Area: 3,305 SF

Land Area: 1.341 acres

Building Use: Retail

Base Term: 15 years

Lease Expiration Date: 28-Feb-39

Lease Term Remaining: Approximately 12 years and 10 months

NOI: $140,000

Rent Increases: 10% Every 5 years

Expenses: NNN