2019 CONSTRUCTION CEDAR PARK, TX AUSTIN MSA OFFERING MEMORANDUM Representative Photo TABLE OF CONTENTS 03 EXECUTIVE OVERVIEW 04 FINANCIAL OVERVIEW 08 TENANT OVERVIEW 09 AREA OVERVIEW LISTED BY: MICHAEL MORENO SENIOR ASSOCIATE DIR: (949) 432-4511 MOB: (818) 522-4497
[email protected] LIC NO: 01982943 (CA) RAHUL CHHAJED SENIOR ASSOCIATE DIR: (949) 432-4513 MOB: (818) 434-1106
[email protected] LIC NO: 01986299 (CA) ARON CLINE SVP & SENIOR DIRECTOR DIR: (949) 432-4509 MOB: (310) 632-0233
[email protected] LIC NO: 01904371 (CA) BROKER OF RECORD KYLE MATTHEWS LIC NO: 9005919 (TX) Representative Photo QUIKTRIP 2 CEDAR PARK, TX PROPERTY HIGHLIGHTS » Brand New Construction Corporate Sale Leaseback — EXECUTIVE OVERVIEW Brand new 15-year Absolute NNN Lease » High-Quality Development — 2019 Generation 3 QuikTrip Store » Scheduled Rental Increases — Lease features Ten (10) Five (5) QUIKTRIP Year Options with fixed rental increases that provide a major hedge 2019 CONSTRUCTION against inflation CEDAR PARK, TX » Ideal 1031 Exchange Property — Offers a potential investor a very passive net lease investment » Offered For Sale At Development Cost — The property is being sold at $5,060,302 development cost, not to make a profit, like most net leased investment opportunities. This provides an additional layer of security for a future landlord as LIST PRICE the tenant is not assigning a rent that is unsustainable to make a profit on the sale. » Accelerated Depreciation Opportunity - Subject property gives a future landlord the 5.50% ability to utilize accelerated depreciation to receive significantly higher after tax cash flow on this property than other net lease investments (See page 7) CAP RATE LOCATION HIGHLIGHTS » Top MSA (Austin, TX) — Corner location in the fastest-growing large city in the country in $278,316 Austin, TX.