Unique and Inviting Opportunity Offering a Free Standing Jack in the Box with a Gas Station and Convenience Store

OFFERING MEMORANDUM

HIDALGO TEXAS

Unique and inviting opportunity offering a free standing Jack in the Box with a gas station and convenience store

REPRESENTATIVE PHOTO CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NON-ENDORSEMENT NOTICE

Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of w, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. LAWRENCE ALFALFA Picher CHRISTIAN 56 183 81 75 64 WOODS 177 Newkirk Miami Raton Monett STONE 64 TEXAS Beaver R. Salt Fork WASHINGTON NOWATA OTTAWA 65 TAOS 287 CIMARRON 64 Alva CRAIG 60 NeoshoNEWTON KAY BARRY 285 HARPER GRANT COLFAX 64 Cherokee Bartlesville Lake of Ponca City Table Rock L. the Cherokees BEAVER Kaw L. 60 Oologah L. Toll Cassville 160 281 Tonkawa Nowata 59 Guymon 270 MCDONALD Branson 64 Pawhuska Grove Cimarron R. OSAGE Vinita TANEY 71 Missouri 283 NOBLE DELAWARE 177 ROGERS Bella Vista Woodward Rio Grande 54 Hominy RIO ARRIBA UNION Clayton 169 Pea Ridge NMP 385 Perryton 412 60 GARFIELD 64 Taos WOODWARD PAWNEE Toll MAYES Jay CARROLL Abiquiu Res. 56 LIPSCOMB Cleveland L. Hudson Rogers Berryville BOONE Spearman 183 MAJOR Enid 64 BENTON Canadian R. SHERMAN Wolf Creek Beaver L. DALLAM Turley Claremore Ute Creek Corrizo Creek 87 77 Perry Toll Toll 84 ELLIS Fairview 412 Keystone L. Springdale HANSFORD OCHILTREE 412 60 Stillwater Siloam Springs Buffalo NR 83 Canton L. 412 Hennessey 69 Illinois River Dalhart 287 PAYNE Espanola Tulsa CANADIAN RIVER 270 BLAINE Sapulpa CHEROKEE Fayetteville MORA DEWEY 81 TULSA WAGONER Fort Gibson L. CREEK HARDING HUTCHINSON Canadian Toll Tahlequah Los Alamos 183 KINGFISHER Glenpool WASHINGTON MADISON Guthrie Cimarron R. NEWTON LOS ALAMOS Dumas HEMPHILL Watonga LINCOLN HARTLEY Stinnett Stilwell ROBERTS Toll White Rock LOGAN Bristow 62 Mora R. 54 MOORE ADAIR Washita River ROGER MILLS Bandelier NM 25 CUSTER 35 44 Lake Meredith NRA Oklahoma OKMULGEE Tenkiller Ferry L. Arkansas Borger Muskogee L. MeredithFritch Edmond Chandler Okmulgee FRANKLIN Las Vegas CRAWFORD OKLAHOMA MUSKOGEE Canadian R. OKFUSKEE SEQUOYAH JOHNSON Santa Fe Gallinas R. Alibates Flint Quarries NM El Reno 75 Clinton 40 Bethany Clarksville 87 CARSON CANADIAN 177 62 64 Santo Domingo Pueblo Conchas L. Van Buren Pampa Alma L. Dardanelle SANDOVAL Prague 40 Checotah POPE SANTA FE SAN MIGUEL OLDHAM POTTER Elk City Oklahoma City Del City Okemah MACINTOSH 40 WHEELER LOGAN GRAY Sayre CLEVELAND Arkoma Corrales Ute Res. 60 Panhandle Shawnee Eufaula Res. Fort Smith Bernalillo 285 84 BECKHAM Fort Cobb Res. Tuttle Stigler N. Fork Red R. New Cordell L. Thunderbird Eufaula Norman HASKELL Greenwood Russellville Petroglyph NM 40 44 POTTAWATOMIE 270 Toll Spiro Tucumcari Shamrock WASHITA CADDO GRADY Wewoka 283 Noble SEBASTIAN 62 SEMINOLE Albuquerque Amarillo 281 PITTSBURG Booneville DEAF SMITH Carnegie Poteau Holdenville 71 BERNALILLO 287 DONLEY Hobart HUGHES 40 YELL Canyon COLLINGSWORTH GREER L. Altus Chickasha Candadian R South Valley Purcell Nimrod L. QUAY 385 Clarendon 62 Toll McAlester 270 Santa Rosa KIOWA PERRY 277 MCCLAIN Heavener Waldron Pecos R. RANDALL ARMSTRONG Salt Fork Mangum LATIMER SCOTT VALENCIA Bosque Farms Hereford Wellington 183 TORRANCE Lindsay Ada 69 Hartshorne 59 84 81 85 Hollis GARVIN 77 PONTOTOC 75 Memphis COMANCHE Toll 270 Hot Springs Village GUADALUPE CASTRO 62 Altus LE FLORE Fort Sill Kiamichi R. Belen SWISHER CHILDRESS HARMON Marlow Wynnewood L. Sumner COAL GARLAND Friona BRISCOE Dimmitt Tulia Lawton STEPHENS Hot Springs NP CURRY Chickasaw NRA PUSHMATAHA Mena 60 Sulphur Coalgate JACKSON 60 60 TILLMAN Duncan Atoka L. POLK Hot Springs HALL Childress MURRAY MCCURTAIN PARMER 271 MONTGOMERY Walters Clovis 287 JOHNSTON Broken Bow L. HOT SPRING 54 283 Frederick 177 Atoka DE BACA 70 Quanah Toll 25 285 CARTER ATOKA HOWARD Muleshoe 44 Tishomingo 70 HARDEMAN COTTON 35 Plainview 70 Waurika Antlers SOCORRO Portales Olton Lockney Pine Creek L. Arkadelphia FLOYD Lone Grove SEVIER COTTLE Vernon Ardmore PIKE MOTLEY CHOCTAW MARSHALL CLARK BAILEY Burkburnett 70 Broken Bow Socorro Hale Center JEFFERSON LAMB Floydada 70 Hugo De Queen 67 62 Paducah 70 WILBARGER WICHITA LOVE HALE Nashville Littlefield Durant BRYAN 30 27 FOARD Iowa Park Wichita FallsCLAY RED RIVER Little River 380 New Mexico Marietta 69 62 71 Abernathy Red R. Idabel ROOSEVELT 83 L. Kemp Millwood L. Nocona 377 HEMPSTEAD LUBBOCK Henrietta Prescott Morton GRAYSON LAMAR LINCOLN 70 259 LITTLE RIVER 84 L. Texoma RED RIVER 385 Idalou Ralls KNOX 82 287 Paris Ashdown NEVADA BAYLOR MONTAGUE 82

Pecos River Crosbyton KING Clarksville Levelland L. Arrowhead COOKE Hope CHAVES DICKENS Seymour ARCHER Gainesville Sherman CROSBY Bowie 271 De Kalb COCHRAN HOCKLEY FANNIN Lubbock Brazos River Howe DELTA Roswell 380 281 Sulphur R. 62 87 Olney 81 Cooper Wake Village Ruidoso 70 183 Sanger Texarkana WISE 82 COLUMBIA YOAKUM DENTON BOWIE 277 TITUS MILLER TERRY Decatur FRANKLIN STONEWALL Denton Post McKinney HOPKINS Magnolia 82 380 380 MORRIS GARZA 380 Greenville 30 JACK COLLIN 79 Brownfield LYNN KENT Haskell THROCKMORTON 259 L. Stamford HUNT Atlanta 285A YOUNG Sulphur Springs CASS 59 LAFAYETTE SIERRA Tularosa Graham Lavon L. HASKELL Lewisville Plano L. Tawakoni Eagle Mountain L. Clear Fork CAMP Springhill Brazos R. Richardson 69 Winnsboro Lovington Seagraves Stamford Garland Lone Star CLAIBORNE ROCKWALL Vivian Rotan UPSHUR Holloman AFB Artesia PARKER RAINS MARION Alamogordo 82 SCURRY SHACKLEFORD Irving GAINES 180 Dallas 71 Homer 180 Breckenridge WOOD Jefferson White Sands NM LEA Lamesa Hubbard Creek L. DALLAS Gilmer OTERO Anson 180 80 Wills Point BOSSIER 285 Albany Mineola FISHER Hobbs Seminole Snyder JONES STEPHENS PALO PINTO DONA ANA DAWSON BORDEN 84 Fort Worth Grand Prairie Minden TARRANT Cross L. 70 283 Lancaster 80 25 62 L. J B Thomas 20 Canton Longview CADDO HOOD Burleson 20 Lindale WEBSTER HOWARD Sweetwater VAN GREGG Eunice HARRISON Ranger ZANDT White Sands Abilene KAUFMAN Carlsbad MARTIN Clyde Alvarado SMITH Shreveport Colorado City EASTLAND 377 Cleburne Ennis Andrews 20 Cisco ERATH JOHNSON 287 Kilgore BIENVILLE Las Cruces ANDREWS MITCHELL ELLIS Cedar Creek Res. RUSK TAYLOR CALLAHAN SOMERVELL 175 Tyler 79 EDDY 277 Stephenville 54 NOLAN 35W Athens Big Spring Glen Rose 45 Malakoff RED Anthony 67 77 Henderson Carlsbad Caverns NP RIVER Jal NAVARRO PANOLA 81 HENDERSON 69 DE SOTO 10 385 Stanton De Leon TEXAS 259 84 STERLING Dublin Hillsboro Corsicana 87 84 COMANCHE 79 Mansfield Anthony Red Bluff Reservoir North Fork Fabens BROWN 287 71 EL PASO Guadalupe 67 BOSQUE L. Whitney Jacksonville ECTOR Midland HILL 62 E V Spence Res. Winters Mountains NP Navarro Mills L. 84 Kermit MIDLAND 183 ANDERSON CHEROKEE Angelina R. Louisiana Fort Bliss LOVING Odessa RUNNELS Comanche 49 COKE Coleman El Paso Pecos River WINKLER GLASSCOCK Center Clifton Trinity R. 59 West Rusk NATCHITOCHES Ballinger Fairfield SHELBY 35 Mexia NACOGDOCHES Natchitoches TABLE OF CONTENTS COLEMAN Palestine Hamilton 80 MCLENNAN 84 Brownwood FREESTONE Nacogdoches HAMILTON SABINE 67Concho R. 283 69 Monahans Waco Bellmead Many 20 Colorado R. MILLS REAGAN San Augustine CULBERSON UPTON San Angelo 84 Groesbeck Pecos WARD CRANE 83 SAN 377 77 FALLS HOUSTON Crane CONCHO CORYELL LIMESTONE AUGUSTINE Gatesville LEON 171 87 MCCULLOCH Lufkin HUDSPETH Twin Buttes Res. TOM Marlin 79 Crockett IRION GREEN 281 Brozas R. 96 SABINE RIO GRANDE REEVES 190 Big Lake LAMPASAS Diboll 285 287 10 Brady Creek NechesANGELINA R. Leesville Investment Summary...... 1 San Saba Killeen TRINITY VERNON McCamey Brady SAN SABA Temple ROBERTSON Copperas Cove Fort Polk South 190 JASPER Rosebud MADISON Van Horn Belton 69 NEWTON SCHLEICHER Madisonville Trinity 183 Jasper Fort Stockton BELL 190 87 Hearne De Ridder BURNET 190 Investment Highlights...... 2 MENARD L. Buchanan WALKER 190 Cameron PECOS Eldorado POLK CROCKETT Mason Burnet GRIMES Llano MILAM BRAZOS JEFF DAVIS Woodville Ozona WILLIAMSON L. Livingston 10 Huntsville BEAUREGARD 290 377 Llano R. Livingston Villa Ahumada 67 MASON Georgetown TYLER 79 Bryan R. Neches Marble Falls KIMBLE Pecos R. Sonora 96 Location Overview...... 4 LLANO Sobine R. 90 285 190 77 Caldwell 45 SAN Big Thicket Cedar Park Round Rock L. Conroe JACINTO 59 385 Junction BURLESON Trinity River N PRES SUTTON BLANCO TRAVIS Navasota 277 GILLESPIE Bessmay-Buna Alpine Elgin Kountze CALCASIEU TERRELL West Lake Hills HARDIN 290 LEE ClevelandLIBERTY Pedernales River WASHINGTON ConroeMONTGOMERY Location Map...... 6 Lumberton Lake Charles ORANGE Lyndon B. Johnson NHP Austin 290 Giddings Brenham 10 87 Marfa HAYS Tomball 10 90 VAL VERDE 35 Bastrop Beaumont OrangeCalcasieu L. KERR 281 BASTROP HARRIS Kerrville Kyle Champions L. Houston Bellville 90 Groves Aerial Map...... 7 EDWARDS KENDALL PRESIDIO Aldine San Marcos Lockhart AUSTIN WALLER Nederland CAMERON Ricardo Flores Magon 67 377 La Grange REAL 385 COMAL Highlands Boerne FAYETTE Sealy Spring Valley Port Arthur CALDWELL Winnie RIO GRANDE Amistad NRA Frio River BREWSTER W. Nueces R. BANDERA 90 Baytown JEFFERSON New Braunfels Luling 10 Houston CHAMBERS Tenant Summary...... 9 GUADALUPE Schulenburg GONZALES Rio Conchos Pasadena Live Oak COLORADO Rosenberg Stafford UVALDE Gonzales 77 Bacliff Seguin FORT BEND KINNEY Kirby 90A Amistad Res. 83 Friendswood Del Rio San Antonio Hallettsville 59 45 Texas City BEXAR 87 183 Location Highlights...... 11 Lackland AFB GALVESTON Laughlin AFB LAVACA Hitchcock WILSON Nixon Wharton Big Bend NP MEDINA WHARTON Potrero Del Llano 90 81 Medina River Yoakum BRAZORIA Galveston Devine Uvalde Floresville El Campo 277 DE WITT Cuero Demographics...... Benavides 12 Sweeny WEST BAY Pleasanton VICTORIA MAVERICK 57 FRIO Edna Karnes City Freeport ZAVALA JACKSON Pearsall KARNES MATAGORDA RIO GRANDE Kenedy Victoria Eagle Pass ATASCOSA Palacios Crystal City 59 GOLIAD 87 277 181 Port Lavaca Chihuahua Dilley San Antonio R. MATAGORDA Carrizo Springs Zaragoza CALHOUN Three Rivers 183 BAY Ciudad Cuauhtemoc DIMMIT MCMULLEN 37 77 Morelos Cotulla Nava Guerrero Beeville George West REFUGIO SAN ANTONIO LA SALLE BEE Meoqui Refugio BAY LIVE OAK ARANSAS Villa Union 35 L. Corpus Christi Delicias Mathis SAN PATRICIO Rockport Sinton Nueva Rosita JIM WELLS Aransas Pass Aguhta Nueces R. Naica 83 Muzquiz Freer Portland Sabinas WEBB San Diego Ciudad Camargo Mexico Alice NUECES Corpus Christi 59 DUVAL

Kingsville Bishop

Progreso Laredo KLEBERG Premont

Hebbronville Falfurrias

Jimenez Anahuac BROOKS

San Buenaventura ZAPATA KENEDY Padre Island NS 281 Nadadores JIM HOGG E R D A M A N U G A L Zapata Villa Frontera Candela GULF Castanos 77 Falcon Res. HIDALGO STARR Bustamante OF Raymondville Villaldama 83

Sabinas Hidalgo Rio Grande City WILLACY El Alamo MEXICO

Mission McAllen Harlingen 83 CAMERON Hidalgo Zaragoza San Benito Reynosa 281 Palo Alto Battlefield NHS El Carmen Cienega De Flores Rio Bravo Brownsville General Zuazua General Bravo San Pedro Matamoros Monterrey Guadalupe China Gomez Palacio Cadereyta Matamoros Ciudad Lerdo Parras San Luis Del Cordero Viesca General Cepeda Saltillo General Teran Montemorelos Santiago Papasquiaro San Rafael ACTUAL SITE PHOTO INVESTMENT SUMMARY

520 INTERNATIONAL BLVD, HIDALGO, TX 78557

PRICE: $2,749,574 CAP: 7.75% RENT: $213,092

OVERVIEW ANNUALIZED OPERATING DATA Price $2,749,574 Year Annual Rent Lease Term Gross Leasable Area (GLA)*** 5,015 SF 2018 $197,307 Base Term** Lot Size (approx.) 1.19 Acres 2019 $213,092 Net Operating Income* $213,092 2024 $230,139 2022=Option 1 CAP Rate 7.75% 2029 $248,550 2027=Option 2 Year Built / Renovated 2004 2034 $268,434 2032=Option 3

2039 $289,908 2037=Option 4 LEASE ABSTRACT

Lease Type NNN

Lease Term 18 Years * Priced on October 2019 rents. Seller to credit Buyer differential at close of escrow. ** Rent escalations are based on CPI calculations and subject to variance. For ease in Lease Term Remaining 3.5 years calculation, the figures shown here are cap’d at 8% but may vary in actuality, but at no point lower than the previous year’s rent. Lease Start 9/30/2004 *** GLA based on Jack in the Box, Convenience Store and Common Areas square footage Lease Expiration 9/30/2022

Renewal Options 4X5

Increases CPI cap’d at 8% every 5-yrs.

Landlord Obligation None At All

Note: Sale contingent on Tenant waiving 14-day Right of First Refusal

1 INVESTMENT HIGHLIGHTS

tt $2,749,574 tt Jack in the Box bundled with a gas station c-store invites motorists in addition to regular patronage tt Landlord to credit buyer with rent escalation prior to bump (priced on future rents) tt True NNN lease with no landlord responsibilities tt Located near our southern border contributing to traffic in the immediate area

49,567 $46,318 TOTAL AVERAGE POPULATION HOUSEHOLD WITHIN 5-MILE INCOME WITHIN RADIUS 5-MILE RADIUS

14,989 VPD - INTERNATIONAL BLVD 5,253 VPD - W COMA AVE

2 INVESTMENT HIGHLIGHTS

This true NNN fee-simple quick service opportunity offers a corporate NNN guaranteed lease with Jack in the Box. The site is bundled with and offers a gas station-convenience store with Quick 18 year true NNN lease. Strategically located near McAllen International Airport Stuff C-Store/ Chevron branded gas No landlord obligations McAllen Texas and the is just 8-miles to the station. There is only one master lease Rio Grande border north of the site held by Jack in the Box corporate.

The original lease commenced in September 2004 and was for 18 years. There are 3.7 years remaining on the base term followed by four 5-year options.

The lease also boasts CPI escalations every five years cap’d at 8%.

3 LOCATION OVERVIEW

The Jack in the Box, C-Store & Gas Station is located just 0.6-miles (a 13-minute walk) from the United States / Mexico Border.

The excellent foot and vehicle crossings at the U.S./Mexico Border contributes to the success of the Jack in the Box, C-Store and Gas Station.

The border crossings at Hidalgo, Texas annual data reporting indicates that truck port of entry crossings between Mexico into the United States at Hidalgo for commerce (Truck) logistical transportation is up 4.34% from 2018, which is also up 9.15% from 2017 for a total of 647,157 truck transports crossing the border annually at Hidalgo, all contributing to the traffic through the immediate area.

Additionally, see below table for more information regarding Border Crossings at Hidalgo, Texas:

Annual BORDER Crossings - Hidalgo, Texas

2018 Buses 20,026 Pedestrians 2,170,334 Personal Vehicles Passengers 9,126,478 Personal Vehicles 4,427,285 Trucks 647,157 Source: Research and Innovative Technology Administration, Bureau of Transportation Statistics, U.S. Dept. of Transportation

4 The border crossings at Hidalgo, Texas LOCATION OVERVIEW

HIDALGO, TEXAS McALLEN, TEXAS Hidalgo, TX is a county in the state of Texas with close to a million in McAllen is a city in southern Texas just above the county of Hidalgo terms of population. The county itself is named after Father Miguel (9-miles) which rests right on the USA-Mexico border buttressing up Hidalgo y Costilla who “raised the call for Mexico’s independence from along the mighty Rio Grande. Spain.” Within the county there are two nationally protected areas: Within the city of McAllen there is the International Museum of Art & The Lower Rio Grande Valley National Wildlife Refuge as well as the Sciences, a huge tourist attraction mainly to college students since Santa Ana National Wildlife Refuge that deals with everything regarding South Texas College is in the middle of the city. The Museum also protected critical/endangered species within their jurisdiction. Some contains lithographs of Picasso as well as other European paintings. of the major highways are Interstate 2, Interstate 69C, although it is McAllen International Airport lies within the SE portion of the city just under construction, and U.S. Highway’s 83 and 281 which cover a along HWY 336. McAllen is home to many parks including Fireman’s wide range in terms of transportation. Hidalgo is home to the Old Park home to a rather large Lake that many find themselves strolling Hidalgo Pump-house Museum and World Birding Center as well as an along in the afternoon. exhibit that contains the World’s largest killer bee that came to America via Brazil. Additionally there are multiple historical displays peppering the city including a 1930s former Post Office known as the McAllen Heritage Hidalgo is where the Hidalgo festival of lights are held for the entire month Center. Towards the south of the city is Quinta Mazatlán which is a of December that attract people from all walks of life to welcome in the Spanish Revival mansion surrounded by a thick wood home to a new year. Because Hidalgo is adjacent to the Mexican border, many myriad of bird species. A few known hotel chains are located within of its landmarks, which still contain their native Spanish name, haven’t the boundaries of McAllen including an Embassy Suites as well as a been renovated and still portray their Mexican style architecture. Also, Doubletree Suites. Hidalgo county is home to the town of Alamo, named after the more famous Texas Alamo Mission, which is noted for its tourist attraction since it is a winter/resort town as well as a retirement town for many. It is also one of the Rio Grande Valley’s gateways into Mexico. Within the immediate area surrounding the property there is a Whataburger restaurant, a payless shoe source, and it runs along the International S Boulevard which gets huge amounts of traffic daily. Just east of the JIB is the Hidalgo Independent School district as well as the Hidalgo Municipal Court and the Old Hidalgo Pump-house Museum which serves as a tourist attraction. It is just north of the mighty Rio Grande river.

5 LAWRENCE ALFALFA Picher CHRISTIAN 56 183 81 75 64 WOODS 177 Newkirk Miami Raton Monett STONE 64 TEXAS Beaver R. Salt Fork WASHINGTON NOWATA OTTAWA 65 TAOS 287 CIMARRON 64 Alva CRAIG 60 NeoshoNEWTON KAY BARRY 285 HARPER GRANT COLFAX 64 Cherokee Bartlesville Lake of Ponca City Table Rock L. the Cherokees BEAVER Kaw L. 60 Oologah L. Toll Cassville 160 281 Tonkawa Nowata 59 Guymon 270 MCDONALD Branson 64 Pawhuska Grove Cimarron R. OSAGE Vinita TANEY 71 Missouri 283 NOBLE DELAWARE 177 ROGERS Bella Vista Woodward Rio Grande 54 Hominy RIO ARRIBA UNION Clayton 169 Pea Ridge NMP 385 Perryton 412 60 GARFIELD 64 Taos WOODWARD PAWNEE Toll MAYES Jay CARROLL Abiquiu Res. 56 LIPSCOMB Cleveland L. Hudson Rogers Berryville BOONE Spearman 183 MAJOR Enid 64 BENTON Canadian R. SHERMAN Wolf Creek Beaver L. DALLAM Turley Claremore Ute Creek Corrizo Creek 87 77 Perry Toll Toll 84 ELLIS Fairview 412 Keystone L. Springdale HANSFORD OCHILTREE 412 60 Stillwater Siloam Springs Buffalo NR 83 Canton L. 412 Hennessey 69 Illinois River Dalhart 287 PAYNE Espanola Tulsa CANADIAN RIVER 270 BLAINE Sapulpa CHEROKEE Fayetteville MORA DEWEY 81 TULSA WAGONER Fort Gibson L. CREEK HARDING HUTCHINSON Canadian Toll Tahlequah Los Alamos 183 KINGFISHER Glenpool WASHINGTON MADISON Guthrie Cimarron R. NEWTON LOS ALAMOS Dumas HEMPHILL Watonga LINCOLN HARTLEY Stinnett Stilwell ROBERTS Toll White Rock LOGAN Bristow 62 Mora R. 54 MOORE ADAIR Washita River ROGER MILLS Bandelier NM 25 CUSTER 35 44 Lake Meredith NRA Oklahoma OKMULGEE Tenkiller Ferry L. Arkansas Borger Muskogee L. MeredithFritch Edmond Chandler Okmulgee FRANKLIN Las Vegas CRAWFORD OKLAHOMA MUSKOGEE Canadian R. OKFUSKEE SEQUOYAH JOHNSON Santa Fe Gallinas R. Alibates Flint Quarries NM El Reno 75 Clinton 40 Bethany Clarksville 87 CARSON CANADIAN 177 62 64 Santo Domingo Pueblo Conchas L. Van Buren Pampa Alma L. Dardanelle SANDOVAL Prague 40 Checotah POPE SANTA FE SAN MIGUEL OLDHAM POTTER Elk City Oklahoma City Del City Okemah MACINTOSH 40 WHEELER LOGAN GRAY Sayre CLEVELAND Arkoma Corrales Ute Res. 60 Panhandle Shawnee Eufaula Res. Fort Smith Bernalillo 285 84 BECKHAM Fort Cobb Res. Tuttle Stigler N. Fork Red R. New Cordell L. Thunderbird Eufaula Norman HASKELL Greenwood Russellville Petroglyph NM 40 44 POTTAWATOMIE 270 Toll Spiro Tucumcari Shamrock WASHITA CADDO GRADY Wewoka 283 Noble SEBASTIAN 62 SEMINOLE Albuquerque Amarillo 281 PITTSBURG Booneville DEAF SMITH Carnegie Poteau Holdenville 71 BERNALILLO 287 DONLEY Hobart HUGHES 40 YELL Canyon COLLINGSWORTH GREER L. Altus Chickasha Candadian R South Valley Purcell Nimrod L. QUAY 385 Clarendon 62 Toll McAlester 270 Santa Rosa KIOWA PERRY 277 MCCLAIN Heavener Waldron Pecos R. RANDALL ARMSTRONG Salt Fork Mangum LATIMER SCOTT VALENCIA Bosque Farms Hereford Wellington 183 TORRANCE Lindsay Ada 69 Hartshorne 59 84 81 85 Hollis GARVIN 77 PONTOTOC 75 Memphis COMANCHE Toll 270 Hot Springs Village GUADALUPE CASTRO 62 Altus LE FLORE Fort Sill Kiamichi R. Belen SWISHER CHILDRESS HARMON Marlow Wynnewood L. Sumner COAL GARLAND Friona BRISCOE Dimmitt Tulia Lawton STEPHENS Hot Springs NP CURRY Chickasaw NRA PUSHMATAHA Mena 60 Sulphur Coalgate JACKSON 60 60 TILLMAN Duncan Atoka L. POLK Hot Springs HALL Childress MURRAY MCCURTAIN PARMER 271 MONTGOMERY Walters Clovis 287 JOHNSTON Broken Bow L. HOT SPRING 54 283 Frederick 177 Atoka DE BACA 70 Quanah Toll 25 285 CARTER ATOKA HOWARD Muleshoe 44 Tishomingo 70 HARDEMAN COTTON 35 Plainview 70 Waurika Antlers SOCORRO Portales Olton Lockney Pine Creek L. Arkadelphia FLOYD Lone Grove SEVIER COTTLE Vernon Ardmore PIKE MOTLEY CHOCTAW MARSHALL CLARK BAILEY Burkburnett 70 Broken Bow Socorro Hale Center JEFFERSON LAMB Floydada 70 Hugo De Queen 67 62 Paducah 70 WILBARGER WICHITA LOVE HALE Nashville Littlefield Durant BRYAN 30 27 FOARD Iowa Park Wichita FallsCLAY RED RIVER Little River 380 New Mexico Marietta 69 62 71 Abernathy Red R. Idabel ROOSEVELT 83 L. Kemp Millwood L. Nocona 377 HEMPSTEAD LUBBOCK Henrietta Prescott Morton GRAYSON LAMAR LINCOLN 70 259 LITTLE RIVER 84 L. Texoma RED RIVER 385 Idalou Ralls KNOX 82 287 Paris Ashdown NEVADA BAYLOR MONTAGUE 82

Pecos River Crosbyton KING Clarksville Levelland L. Arrowhead COOKE Hope CHAVES DICKENS Seymour ARCHER Gainesville Sherman CROSBY Bowie 271 De Kalb COCHRAN HOCKLEY FANNIN Lubbock Brazos River Howe DELTA Roswell 380 281 Sulphur R. 62 87 Olney 81 Cooper Wake Village Ruidoso 70 183 Sanger Texarkana WISE 82 COLUMBIA YOAKUM DENTON BOWIE 277 TITUS MILLER TERRY Decatur FRANKLIN STONEWALL Denton Post McKinney HOPKINS Magnolia 82 380 380 MORRIS GARZA 380 Greenville 30 JACK COLLIN 79 Brownfield LYNN KENT Haskell THROCKMORTON 259 L. Stamford HUNT Atlanta 285A YOUNG Sulphur Springs CASS 59 LAFAYETTE SIERRA Tularosa Graham Lavon L. HASKELL Lewisville Plano L. Tawakoni Eagle Mountain L. Clear Fork CAMP Springhill Brazos R. Richardson 69 Winnsboro Lovington Seagraves Stamford Garland Lone Star CLAIBORNE ROCKWALL Vivian Rotan UPSHUR Holloman AFB Artesia PARKER RAINS MARION Alamogordo 82 SCURRY SHACKLEFORD Irving GAINES 180 Dallas 71 Homer 180 Breckenridge WOOD Jefferson White Sands NM LEA Lamesa Hubbard Creek L. DALLAS Gilmer OTERO Anson 180 80 Wills Point BOSSIER 285 Albany Mineola FISHER Hobbs Seminole Snyder JONES STEPHENS PALO PINTO DONA ANA DAWSON BORDEN 84 Fort Worth Grand Prairie Minden TARRANT Cross L. 70 283 Lancaster 80 25 62 L. J B Thomas 20 Canton Longview CADDO HOOD Burleson 20 Lindale WEBSTER HOWARD Sweetwater VAN GREGG Eunice HARRISON Ranger ZANDT White Sands Abilene KAUFMAN Carlsbad MARTIN Clyde Alvarado SMITH Shreveport Colorado City EASTLAND 377 Cleburne Ennis Andrews 20 Cisco ERATH JOHNSON 287 Kilgore BIENVILLE Las Cruces ANDREWS MITCHELL ELLIS Cedar Creek Res. RUSK TAYLOR CALLAHAN SOMERVELL 175 Tyler 79 EDDY 277 Stephenville 54 NOLAN 35W Athens Big Spring Glen Rose 45 Malakoff RED Anthony 67 77 Henderson Carlsbad Caverns NP RIVER Jal NAVARRO PANOLA 81 HENDERSON 69 DE SOTO 10 385 Stanton De Leon TEXAS 259 84 STERLING Dublin Hillsboro Corsicana 87 84 COMANCHE 79 Mansfield Anthony Red Bluff Reservoir North Fork Fabens BROWN 287 71 EL PASO Guadalupe 67 BOSQUE L. Whitney Jacksonville ECTOR Midland HILL 62 E V Spence Res. Winters Mountains NP Navarro Mills L. 84 Kermit MIDLAND 183 ANDERSON CHEROKEE Angelina R. Louisiana Fort Bliss LOVING Odessa RUNNELS Comanche 49 COKE Coleman El Paso Pecos River WINKLER GLASSCOCK Center Clifton Trinity R. 59 West Rusk NATCHITOCHES Ballinger Fairfield SHELBY 35 Mexia NACOGDOCHES Natchitoches COLEMAN Palestine Hamilton 80 MCLENNAN 84 Brownwood FREESTONE Nacogdoches HAMILTON SABINE 67Concho R. 283 69 Monahans Waco Bellmead Many 20 Colorado R. MILLS REAGAN San Augustine CULBERSON UPTON San Angelo 84 Groesbeck Pecos WARD CRANE 83 SAN 377 77 FALLS HOUSTON Crane CONCHO CORYELL LIMESTONE AUGUSTINE Gatesville LEON 171 87 MCCULLOCH Lufkin HUDSPETH Twin Buttes Res. TOM Marlin 79 Crockett IRION GREEN 281 Brozas R. 96 SABINE RIO GRANDE REEVES 190 Big Lake LAMPASAS Diboll 285 287 10 Brady Creek NechesANGELINA R. Leesville San Saba Killeen TRINITY VERNON McCamey Brady SAN SABA Temple ROBERTSON Copperas Cove Fort Polk South 190 JASPER Rosebud MADISON Van Horn Belton 69 NEWTON SCHLEICHER Madisonville Trinity 183 Jasper Fort Stockton BELL 190 87 Hearne De Ridder L. Buchanan BURNET 190 WALKER 190 MENARD Cameron PECOS Eldorado POLK CROCKETT Mason Burnet GRIMES Llano MILAM BRAZOS JEFF DAVIS Woodville Ozona WILLIAMSON L. Livingston 10 Huntsville BEAUREGARD 290 377 Llano R. Livingston Villa Ahumada 67 MASON Georgetown TYLER 79 Bryan R. Neches Marble Falls KIMBLE Pecos R. Sonora 96 LLANO Sobine R. 90 285 190 77 Caldwell 45 SAN Big Thicket Cedar Park Round Rock L. Conroe JACINTO 59 385 Junction BURLESON Trinity River N PRES SUTTON BLANCO TRAVIS Navasota 277 GILLESPIE Bessmay-Buna Alpine Elgin Kountze CALCASIEU TERRELL West Lake Hills HARDIN 290 LEE ClevelandLIBERTY Pedernales River WASHINGTON ConroeMONTGOMERY Lumberton Lake Charles ORANGE Lyndon B. Johnson NHP Austin 290 Giddings Brenham 10 87 Marfa HAYS Tomball 10 90 VAL VERDE 35 Bastrop Beaumont OrangeCalcasieu L. KERRKerrville 281 Kyle BASTROP ChampionsHARRIS Bellville L. Houston90 EDWARDS KENDALL Groves PRESIDIO Aldine San Marcos Lockhart AUSTIN WALLER Nederland CAMERON Ricardo Flores Magon 67 377 La Grange REAL 385 COMAL Highlands Boerne FAYETTE Sealy Spring Valley Port Arthur CALDWELL Winnie RIO GRANDE Amistad NRA Frio River BREWSTER W. Nueces R. BANDERA 90 Baytown JEFFERSON New Braunfels Luling 10 Houston CHAMBERS GUADALUPE Schulenburg GONZALES Rio Conchos Pasadena Live Oak COLORADO Rosenberg Stafford UVALDE Gonzales 77 Bacliff Seguin FORT BEND KINNEY Kirby 90A Amistad Res. 83 Friendswood Del Rio San Antonio Hallettsville 59 45 Texas City BEXAR 87 183 Lackland AFB GALVESTON Laughlin AFB LAVACA Hitchcock WILSON Nixon Wharton Big Bend NP MEDINA WHARTON Potrero Del Llano 90 81 Medina River Yoakum BRAZORIA Galveston Devine Uvalde Floresville El Campo 277 DE WITT Cuero Benavides Sweeny WEST BAY Pleasanton VICTORIA MAVERICK 57 FRIO Edna Karnes City Freeport ZAVALA JACKSON Pearsall KARNES MATAGORDA RIO GRANDE Kenedy Victoria Eagle Pass ATASCOSA Palacios Crystal City 59 GOLIAD 87 277 181 Port Lavaca Chihuahua Dilley San Antonio R. MATAGORDA Carrizo Springs Zaragoza CALHOUN Three Rivers 183 BAY Ciudad Cuauhtemoc DIMMIT MCMULLEN 37 77 Morelos Cotulla Nava Guerrero Beeville George West REFUGIO SAN ANTONIO LA SALLE BEE Meoqui Refugio BAY LIVE OAK ARANSAS Villa Union 35 L. Corpus Christi Delicias Mathis SAN PATRICIO Rockport Sinton Nueva Rosita JIM WELLS Aransas Pass Aguhta Nueces R. Naica 83 Muzquiz Freer Portland Sabinas WEBB San Diego Ciudad Camargo Mexico Alice NUECES Corpus Christi 59 DUVAL

Kingsville Bishop

Progreso Laredo KLEBERG Premont

Hebbronville Falfurrias

Jimenez Anahuac BROOKS

Sabinas Hidalgo Rio Grande City WILLACY El Alamo MEXICO

Mission McAllen Harlingen 83 CAMERON Hidalgo Zaragoza San Benito Reynosa 281 Palo Alto Battlefield NHS El Carmen Cienega De Flores Rio Bravo Brownsville General Zuazua General Bravo San Pedro Matamoros Monterrey6 Guadalupe China Gomez Palacio Cadereyta Matamoros Ciudad Lerdo Parras San Luis Del Cordero Viesca General Cepeda Saltillo General Teran Montemorelos Santiago Papasquiaro San Rafael Burger King

W COMA AVE – 5,253 VPD

Hidalgo D City Hall P Hidalgo Public V 9 8 Library ,9 4 1 – D Hidalgo LV Elementary School B L A N Hidalgo Early Ida G Diaz Junior IO AT College High High School RN TE IN

HIDALGO U.S. / MEXICO UNITED STATES BORDER CROSSING

MEXICO 7 REPRESENTATIVE PHOTO 8 TENANT SUMMARY

JACK IN THE BOX The Street Reports Jack in the Box (NASDAQ:Jack) based in San Diego, is a restaurant Jack in the Box Explores Company Sale company that operates and franchises Jack in the Box restaurants and By: Jacob Soneshine Qdoba Mexican grill. Jack in the Box (JIB) is one of the Nation’s largest Dec 17, 2018 hamburger chains, with more than 2,250 stores in 21 states and Guam, Shares were rising Monday after the company said it was and 600 Qdoba’s in 47 states, District of Columbia, and Canada. exploring a potential sale. Founded in 1951, JIB pioneered a number of firsts in the quick service The company said it was aiming to bring immediate value to industry (QSR), including menu items that are now staples on most fast shareholders through a sale to another company, or through food menu boards, like breakfast sandwiches and portable salads. increasing its leverage, which seemed to indicate a potential debt capital raise.

“Potential alternatives could include, among other things, a NASDAQ:Jack sale of the Company or executing on the Company’s previously December 24, 2018 (Wall Street Report): Jack in the Box announced plans to increase its leverage,” Jack in the Box said bought back at least 5% of their stock as of recent. Analysts in a press release. The release added the company already has predict that a company does this only when they believe their spoken with potential buyers, but if plans for a sale fail it will stock is under valued. seek to change its capital structure. “That capital structure could include, among other things, a securitization or bond issuance,” the company said.

For a copy of the entire article, please click here.

9 JACK IN THE BOX

SAN DIEGO, CA HEADQUARTERS

CORPORATE 2,200 +/-

GUARANTOR LOCATIONS

JACK PUBLIC S&P 400 COMPONENT

OWNERSHIP NASDAQ

$2.25(BIL) $30.86(BIL) REVENUE ANNUAL SALES

WWW.JACKINTHEBOX.COM WEBSITE 10 LAWRENCE ALFALFA Picher CHRISTIAN 56 183 81 75 64 WOODS 177 Newkirk Miami Raton Monett STONE 64 TEXAS Beaver R. Salt Fork WASHINGTON NOWATA OTTAWA 65 TAOS 287 CIMARRON 64 Alva CRAIG 60 NeoshoNEWTON KAY BARRY 285 HARPER GRANT COLFAX 64 Cherokee Bartlesville Lake of Ponca City Table Rock L. the Cherokees BEAVER Kaw L. 60 Oologah L. Toll Cassville 160 281 Tonkawa Nowata 59 Guymon 270 MCDONALD Branson 64 Pawhuska Grove Cimarron R. OSAGE Vinita TANEY 71 Missouri 283 NOBLE DELAWARE 177 ROGERS Bella Vista Woodward Rio Grande 54 Hominy RIO ARRIBA UNION Clayton 169 Pea Ridge NMP 385 Perryton 412 60 GARFIELD 64 Taos WOODWARD PAWNEE Toll MAYES Jay CARROLL Abiquiu Res. 56 LIPSCOMB Cleveland L. Hudson Rogers Berryville BOONE Spearman 183 MAJOR Enid 64 BENTON Canadian R. SHERMAN Wolf Creek Beaver L. DALLAM Turley Claremore Ute Creek Corrizo Creek 87 77 Perry Toll Toll 84 ELLIS Fairview 412 Keystone L. Springdale HANSFORD OCHILTREE 412 60 Stillwater Siloam Springs Buffalo NR 83 Canton L. 412 Hennessey 69 Illinois River Dalhart 287 PAYNE Espanola Tulsa CANADIAN RIVER 270 BLAINE Sapulpa CHEROKEE Fayetteville MORA DEWEY 81 TULSA WAGONER Fort Gibson L. CREEK HARDING HUTCHINSON Canadian Toll Tahlequah Los Alamos 183 KINGFISHER Glenpool WASHINGTON MADISON Guthrie Cimarron R. NEWTON LOS ALAMOS Dumas HEMPHILL Watonga LINCOLN HARTLEY Stinnett Stilwell ROBERTS Toll White Rock LOGAN Bristow 62 Mora R. 54 MOORE ADAIR Washita River ROGER MILLS Bandelier NM 25 CUSTER 35 44 Lake Meredith NRA Oklahoma OKMULGEE Tenkiller Ferry L. Arkansas Borger Muskogee L. MeredithFritch Edmond Chandler Okmulgee FRANKLIN Las Vegas CRAWFORD OKLAHOMA MUSKOGEE Canadian R. OKFUSKEE SEQUOYAH JOHNSON Santa Fe Gallinas R. Alibates Flint Quarries NM El Reno 75 Clinton 40 Bethany Clarksville 87 CARSON CANADIAN 177 62 64 Santo Domingo Pueblo Conchas L. Van Buren Pampa Alma L. Dardanelle SANDOVAL Prague 40 Checotah POPE SANTA FE SAN MIGUEL OLDHAM POTTER Elk City Oklahoma City Del City Okemah MACINTOSH 40 WHEELER LOGAN GRAY Sayre CLEVELAND Arkoma Corrales Ute Res. 60 Panhandle Shawnee Eufaula Res. Fort Smith Bernalillo 285 84 BECKHAM Fort Cobb Res. Tuttle Stigler N. Fork Red R. New Cordell L. Thunderbird Eufaula Norman HASKELL Greenwood Russellville Petroglyph NM 40 44 POTTAWATOMIE 270 Toll Spiro Tucumcari Shamrock WASHITA CADDO GRADY Wewoka 283 Noble SEBASTIAN 62 SEMINOLE Albuquerque Amarillo 281 PITTSBURG Booneville DEAF SMITH Carnegie Poteau Holdenville 71 BERNALILLO 287 DONLEY Hobart HUGHES 40 YELL Canyon COLLINGSWORTH GREER L. Altus Chickasha Candadian R South Valley Purcell Nimrod L. QUAY 385 Clarendon 62 Toll McAlester 270 Santa Rosa KIOWA PERRY 277 MCCLAIN Heavener Waldron Pecos R. RANDALL ARMSTRONG Salt Fork Mangum LATIMER SCOTT VALENCIA Bosque Farms Hereford Wellington 183 TORRANCE Lindsay Ada 69 Hartshorne 59 84 81 85 Hollis GARVIN 77 PONTOTOC 75 Memphis COMANCHE Toll 270 Hot Springs Village GUADALUPE CASTRO 62 Altus LE FLORE Fort Sill Kiamichi R. Belen SWISHER CHILDRESS HARMON Marlow Wynnewood L. Sumner COAL GARLAND Friona BRISCOE Dimmitt Tulia Lawton STEPHENS Hot Springs NP CURRY Chickasaw NRA PUSHMATAHA Mena 60 Sulphur Coalgate JACKSON 60 60 TILLMAN Duncan Atoka L. POLK Hot Springs HALL Childress MURRAY MCCURTAIN PARMER 271 MONTGOMERY Walters Clovis 287 JOHNSTON Broken Bow L. HOT SPRING 54 283 Frederick 177 Atoka DE BACA 70 Quanah Toll 25 285 CARTER ATOKA HOWARD Muleshoe 44 Tishomingo 70 HARDEMAN COTTON 35 Plainview 70 Waurika Antlers SOCORRO Portales Olton Lockney Pine Creek L. Arkadelphia FLOYD Lone Grove SEVIER COTTLE Vernon Ardmore PIKE MOTLEY CHOCTAW MARSHALL CLARK BAILEY Burkburnett 70 Broken Bow Socorro Hale Center JEFFERSON LAMB Floydada 70 Hugo De Queen 67 62 Paducah 70 WILBARGER WICHITA LOVE HALE Nashville Littlefield Durant BRYAN 30 27 FOARD Iowa Park Wichita FallsCLAY RED RIVER Little River 380 New Mexico Marietta 69 62 71 Abernathy Red R. Idabel ROOSEVELT 83 L. Kemp Millwood L. Nocona 377 HEMPSTEAD LUBBOCK Henrietta Prescott Morton GRAYSON LAMAR LINCOLN 70 259 LITTLE RIVER 84 L. Texoma RED RIVER 385 Idalou Ralls KNOX 82 287 Paris Ashdown NEVADA BAYLOR MONTAGUE 82

Pecos River Crosbyton KING Clarksville Levelland L. Arrowhead COOKE Hope CHAVES DICKENS Seymour ARCHER Gainesville Sherman CROSBY Bowie 271 De Kalb COCHRAN HOCKLEY FANNIN Lubbock Brazos River Howe DELTA Roswell 380 281 Sulphur R. 62 87 Olney 81 Cooper Wake Village Ruidoso 70 183 Sanger Texarkana WISE 82 COLUMBIA YOAKUM DENTON BOWIE 277 TITUS MILLER TERRY Decatur FRANKLIN STONEWALL Denton Post McKinney HOPKINS Magnolia 82 380 380 MORRIS GARZA 380 Greenville 30 JACK COLLIN 79 Brownfield LYNN KENT Haskell THROCKMORTON 259 L. Stamford HUNT Atlanta 285A YOUNG Sulphur Springs CASS 59 LAFAYETTE SIERRA Tularosa Graham Lavon L. HASKELL Lewisville Plano L. Tawakoni Eagle Mountain L. Clear Fork CAMP Springhill Brazos R. Richardson 69 Winnsboro Lovington Seagraves Stamford Garland Lone Star CLAIBORNE ROCKWALL Vivian Rotan UPSHUR Holloman AFB Artesia PARKER RAINS MARION Alamogordo 82 SCURRY SHACKLEFORD Irving GAINES 180 Dallas 71 Homer 180 Breckenridge WOOD Jefferson White Sands NM LEA Lamesa Hubbard Creek L. DALLAS Gilmer OTERO Anson 180 80 Wills Point BOSSIER 285 Albany Mineola FISHER Hobbs Seminole Snyder JONES STEPHENS PALO PINTO DONA ANA DAWSON BORDEN 84 Fort Worth Grand Prairie Minden TARRANT Cross L. 70 283 Lancaster 80 25 62 L. J B Thomas 20 Canton Longview CADDO HOOD Burleson 20 Lindale WEBSTER HOWARD Sweetwater VAN GREGG Eunice HARRISON Ranger ZANDT White Sands Abilene KAUFMAN Carlsbad MARTIN Clyde Alvarado SMITH Shreveport Colorado City EASTLAND 377 Cleburne Ennis Andrews 20 Cisco ERATH JOHNSON 287 Kilgore BIENVILLE Las Cruces ANDREWS MITCHELL ELLIS Cedar Creek Res. RUSK TAYLOR CALLAHAN SOMERVELL 175 Tyler 79 EDDY 277 Stephenville 54 NOLAN 35W Athens Big Spring Glen Rose 45 Malakoff RED Anthony 67 77 Henderson Carlsbad Caverns NP RIVER Jal NAVARRO PANOLA 81 HENDERSON 69 DE SOTO 10 385 Stanton De Leon TEXAS 259 84 STERLING Dublin Hillsboro Corsicana 87 84 COMANCHE 79 Mansfield Anthony Red Bluff Reservoir North Fork Fabens BROWN 287 71 EL PASO Guadalupe 67 BOSQUE L. Whitney Jacksonville ECTOR Midland HILL 62 E V Spence Res. Winters Mountains NP Navarro Mills L. 84 Kermit MIDLAND 183 ANDERSON CHEROKEE Angelina R. Louisiana Fort Bliss LOVING Odessa RUNNELS Comanche 49 COKE Coleman El Paso Pecos River WINKLER GLASSCOCK Center Clifton Trinity R. 59 West Rusk NATCHITOCHES Ballinger Fairfield SHELBY 35 Mexia NACOGDOCHES Natchitoches COLEMAN Palestine Hamilton 80 MCLENNAN 84 Brownwood FREESTONE Nacogdoches HAMILTON SABINE 67Concho R. 283 69 Monahans Waco Bellmead Many 20 Colorado R. MILLS REAGAN San Augustine CULBERSON UPTON San Angelo 84 Groesbeck Pecos WARD CRANE 83 SAN 377 77 FALLS HOUSTON Crane CONCHO CORYELL LIMESTONE AUGUSTINE Gatesville LEON 171 87 MCCULLOCH Lufkin HUDSPETH Twin Buttes Res. TOM Marlin 79 Crockett IRION GREEN 281 Brozas R. 96 SABINE RIO GRANDE REEVES 190 Big Lake LAMPASAS Diboll 285 287 10 Brady Creek NechesANGELINA R. Leesville San Saba Killeen TRINITY VERNON McCamey Brady SAN SABA Temple ROBERTSON Copperas Cove Fort Polk South 190 JASPER Rosebud MADISON Van Horn Belton 69 NEWTON SCHLEICHER Madisonville Trinity 183 Jasper Fort Stockton BELL 190 87 Hearne De Ridder L. Buchanan BURNET 190 WALKER 190 MENARD Cameron PECOS Eldorado POLK CROCKETT Mason Burnet GRIMES Llano MILAM BRAZOS JEFF DAVIS Woodville Ozona WILLIAMSON L. Livingston 10 Huntsville BEAUREGARD 290 377 Llano R. Livingston Villa Ahumada 67 MASON Georgetown TYLER 79 Bryan R. Neches Marble Falls KIMBLE Pecos R. Sonora 96 LLANO Sobine R. 90 285 190 77 Caldwell 45 SAN Big Thicket Cedar Park Round Rock L. Conroe JACINTO 59 385 Junction BURLESON Trinity River N PRES SUTTON BLANCO TRAVIS Navasota 277 GILLESPIE Bessmay-Buna Alpine Elgin Kountze CALCASIEU TERRELL West Lake Hills HARDIN 290 LEE ClevelandLIBERTY Pedernales River WASHINGTON ConroeMONTGOMERY Lumberton Lake Charles ORANGE Lyndon B. Johnson NHP Austin 290 Giddings Brenham 10 87 Marfa HAYS Tomball 10 90 VAL VERDE 35 Bastrop Beaumont OrangeCalcasieu L. KERRKerrville 281 Kyle BASTROP ChampionsHARRIS Bellville L. Houston90 EDWARDS KENDALL Groves PRESIDIO Aldine San Marcos Lockhart AUSTIN WALLER Nederland CAMERON Ricardo Flores Magon 67 377 La Grange REAL 385 COMAL Highlands Boerne FAYETTE Sealy Spring Valley Port Arthur CALDWELL Winnie RIO GRANDE Amistad NRA Frio River BREWSTER W. Nueces R. BANDERA 90 Baytown JEFFERSON New Braunfels Luling 10 Houston CHAMBERS GUADALUPE Schulenburg GONZALES Rio Conchos Pasadena Live Oak COLORADO Rosenberg Stafford UVALDE Gonzales 77 Bacliff Seguin FORT BEND KINNEY Kirby 90A Amistad Res. 83 Friendswood Del Rio San Antonio Hallettsville 59 45 Texas City BEXAR 87 183 Lackland AFB GALVESTON Laughlin AFB LAVACA Hitchcock WILSON Nixon Wharton Big Bend NP MEDINA WHARTON Potrero Del Llano 90 81 Medina River Yoakum BRAZORIA Galveston Devine Uvalde Floresville El Campo 277 DE WITT Cuero Benavides Sweeny WEST BAY Pleasanton VICTORIA MAVERICK 57 FRIO Edna Karnes City Freeport ZAVALA JACKSON Pearsall KARNES MATAGORDA RIO GRANDE Kenedy Victoria Eagle Pass ATASCOSA Palacios Crystal City 59 GOLIAD 87 277 181 Port Lavaca Chihuahua Dilley San Antonio R. MATAGORDA Carrizo Springs Zaragoza CALHOUN Three Rivers 183 BAY Ciudad Cuauhtemoc DIMMIT MCMULLEN 37 77 Morelos Cotulla Nava Guerrero Beeville George West REFUGIO SAN ANTONIO LA SALLE BEE Meoqui Refugio BAY LIVE OAK ARANSAS Villa Union 35 L. Corpus Christi Delicias Mathis SAN PATRICIO Rockport Sinton Nueva Rosita JIM WELLS Aransas Pass Aguhta Nueces R. Naica 83 Muzquiz Freer Portland Sabinas WEBB San Diego Ciudad Camargo Mexico Alice 59 NUECES Corpus Christi DUVAL164 Miles from Corpus Christi,Kingsville TXBishop LOCATION HIGHLIGHTS Progreso Laredo KLEBERG Premont

Hebbronville Falfurrias

Jimenez Anahuac BROOKS San Buenaventura ZAPATA KENEDY Padre Island NS HIDALGO, TX 281 Nadadores JIM HOGG E R D A M A N U G A L OUR SOUTHERN BORDER Zapata Villa Frontera Candela GULF Castanos 77 Falcon Res. HIDALGO STARR Bustamante OF Raymondville Villaldama 83

Sabinas Hidalgo Rio Grande City WILLACY MEXICO El Alamo 9 Miles from Mission McAllen McAllen,Harlingen TX Located just a few McAllen International 83 CAMERON Hidalgo Zaragoza San Benito Reynosa 281 Palo Alto Battlefield NHS minutes from our Airport is located El Carmen Cienega De Flores Rio Bravo Brownsville General Zuazua Southern Border and just to the north General Bravo San Pedro Matamoros Monterrey Guadalupe 9-miles south of contributing to the China Gomez Palacio Cadereyta Matamoros MAJOR EMPLOYERS: Ciudad Lerdo McAllen, Texas area’s traffic flow Parras HIDALGO COUNTY, TX San Luis Del Cordero Viesca General Cepeda Saltillo H-E-B Grocery Stores 4,233 General Teran Pharr-San Juan - Alamo School District 4,200 Montemorelos Santiago Papasquiaro San Rafael Wal-Mart 3,699

University of Texas-Pan American 2,850

Edinburg Regional Medical Center 3,000

McAllen Medical Center 2,800 US Customs Border Offering both a C-Store South Texas College 1,800 Protections offices and a gas station along U.S. Customs & Border Protection 1,609 located in and around with a QSR, this site is Hidalgo County 3,862 the subject site attractive to passersby and motorists 11 DEMOGRAPHICS / HIDALGO, TX 49,567 Total Population Within 5-Mile Radius

$46,318 $31,374 Average Household Income Median Household Income Within 5-Mile Radius Within 5-Mile Radius

12,059 103.7% From 2000 Total Households in 5-Mile Radius

12 POPULATION 1 MILE 3 MILES 5 MILES HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILES 2022 Projection Total Average Household Retail Expenditure $46,832 $48,498 $45,144 Total Population 3,487 16,845 57,034 Consumer Expenditure Top 10 Categories 2017 Estimate Housing $12,616 $13,020 $12,307 Total Population 2,889 15,050 49,567 Transportation $9,725 $10,429 $9,836 2010 Census Shelter $6,581 $6,857 $6,551 Total Population 2,405 12,484 44,811 Food $5,181 $5,501 $5,101 2000 Census Utilities $3,364 $3,485 $3,277 Total Population 1,880 7,911 26,692 Personal Insurance and Pensions $3,152 $3,397 $3,038 Current Daytime Population Health Care $3,149 $3,088 $2,811 2017 Estimate 3,894 14,050 41,150 Entertainment $1,639 $1,642 $1,511 Household Furnishings and Equipment $1,347 $1,340 $1,245 HOUSEHOLDS 1 MILE 3 MILES 5 MILES Apparel $1,248 $1,253 $1,171 2022 Projection Total Households 1,091 4,302 14,423 POPULATION PROFILE 1 MILE 3 MILES 5 MILES 2017 Estimate Population By Age Total Households 882 3,743 12,059 2017 Estimate Total Population 2,889 15,050 49,567 Average (Mean) Household Size 3.66 3.98 4.02 Under 20 36.80% 38.10% 40.00% 2010 Census 20 to 34 Years 18.33% 19.77% 20.11% Total Households 728 3,086 10,862 35 to 39 Years 5.97% 6.81% 6.92% 2000 Census 40 to 49 Years 12.11% 12.96% 12.56% Total Households 528 1,892 5,920 50 to 64 Years 14.92% 13.80% 12.48% Occupied Units Age 65+ 11.85% 8.59% 7.96% 2022 Projection 1,091 4,302 14,423 Median Age 29.78 27.87 26.52 2017 Estimate 917 3,928 12,707 Population 25+ by Education Level 2017 Estimate Population Age 25+ 1,579 8,028 25,748 HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES Elementary (0-8) 21.08% 16.64% 22.54% 2017 Estimate Some High School (9-11) 16.27% 16.44% 15.28% $150,000 or More 2.92% 2.51% 2.92% High School Graduate (12) 23.55% 27.29% 24.32% $100,000 - $149,000 8.12% 6.69% 4.63% Some College (13-15) 14.31% 15.90% 14.38% $75,000 - $99,999 5.20% 7.31% 6.40% Associate Degree Only 3.45% 4.24% 4.00% $50,000 - $74,999 16.02% 17.04% 15.99% Bachelors Degree Only 11.12% 12.15% 10.48% $35,000 - $49,999 12.71% 13.08% 15.54% Graduate Degree 4.72% 2.88% 3.36% Under $35,000 55.03% 53.37% 54.52% Average Household Income $49,478 $48,308 $46,318 Median Household Income $30,660 $32,557 $31,374 Per Capita Income $15,108 $12,015 $11,270 13 HIDALGO TEXAS

LIOR REGENSTREIF SENIOR MANAGING DIRECTOR INVESTMENTS SENIOR DIRECTOR, NET LEASED PROPERTIES GROUP ENCINO OFFICE Tel: (818) 212-2730 Fax: (818) 212-2710 [email protected] License: CA 01267761 EARLE HYMAN SENIOR MANAGING DIRECTOR INVESTMENTS ENCINO OFFICE Tel: (818) 212-2770 Fax: (818) 212-2710 [email protected] www.marcusmillichap.com/EarleHyman License: CA 00803521

REPRESENTATIVE PHOTO