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Investment OFFERING | $2,381,000 – 5.25% CAp Pollo campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx ()

Property. Newly Renovated, 2,150+ SF building on 0.66+ acres. 214.675.0175 | Tenant. Pollo Campero | Largest Latin Chicken Restaurant Brand | Over 350+ stores worldwide | U.S. system-wide sales: $100+ million (FY ‘16) 214.522.7200 Lease structure. Brand new, 15-year, absolute NNN, corporate ground lease, with variable rent increases every 5-years in initial term & option periods. MATTHEW SCOW [email protected] Location. Pollo Campero is located at the southeast corner of Fairmont Pkwy. (52,000 VPD) and Lily St. in a dense retail and residential area of Pasadena, TX. Fairmont Pkwy. is a traffic dense east-west thoroughfare that serves south Houston and Pasadena neighborhoods, and connects major highways such as the Sam BOB MOORHEAD Houston Tollway and I-45. The subject property will benefit as it is located in a densely populated area with 97,079 people within a 3-mile radius, and above [email protected] average household income of $75,016 within a 1-mile radius. Due to the accessibility and location of the trade area, many national credit tenants have developed throughout. Notable retailers in the immediate trade area include Walmart, Super Target, Lowe’s, Kohl’s, Ross, Old Navy, Barnes & Nobles, Pier 1 Imports, Best Buy, Academy, ALDI, Kroger, CVS, Walgreens, Family Dollar, Petco, Pet Smart, O’Reilly, Discount Tire, AutoZone, Napa, Jiffy Lube, Firestone, , , Domino’s, McDonald’s, Subway, Dairy Queen, Little Caesar’s, Whataburger, Dunkin Donuts, Starbucks, Pizza Hut, Burger King, Jack in the Box, and many more. Pollo Campero is approximately 14-miles southeast of downtown Houston, TX. Table of contents | Disclaimer Pollo campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

PAGE 1: COVER Disclaimer Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at PAGE 2: TABLE OF CONTENTS | DISCLAIMER 5000 Fairmont Pkwy., Pasadena, TX by the owner of the Property (“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the PAGE 4: IN THE NEWS interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. PAGE 5-8: AERIAL PHOTOS The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, PAGE 9: SITE PLAN partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be PAGE 10: LOCATION OVERVIEW comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained PAGE 11-12: LOCATION MAPS herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. PAGE 13: DEMOGRAPHICS Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied CONSTRUCTION PROGRESS 1.26.18 or otherwise reproduced without the prior written authorization of Seller and Agent.

2 Investment overview POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

Lease overview PRICE: $2,381,000 Lease Term: 15-Years, Plus (3), 5-year Options to Renew CAP RATE: 5.25% Projected Rent Commencement: April 2018 NET OPERATING INCOME: $125,000 Projected Lease Expiration: April 2033

BUILDING AREA: 2,150+ Square Feet Lease Type: Corporate Ground Lease – Absolute NNN

LAND AREA: 0.66+ Acres Rent Increases: See Parenthesis Below

YEAR BUILT / RENOVATED: 1995 / 2017 Annual Rent Yrs 1-5: $125,000

LANDLORD RESPONSIBILITY: None Annual Rent Yrs 6-10: $133,100 (6.48%)

OCCUPANCY: 100% Annual Rent Yrs 11-15: $146,410 (10%) Option 1 | Yrs 16-20: $161,051 (10%)

Option 2 | Yrs 21-25: $177,156 (10%)

Option 3 | Yrs 26-30: $194,871 (10%)

Tenant overview Lessee: Pollo Campero Holding, LLC

POLLO CAMPERO | www.campero.com Founded in 1971 in by the Gutierrez family, Pollo Campero has had a singular desire to serve the best tasting chicken possible. To this day Juan Jose Gutierrez, remains personally involved in ensuring our chicken is always fresh and flavorful, and the experience is always unforgettable. Today, Pollo Campero has more than 70 locations and 350 restaurants worldwide, serving and average of 85 million customers per year. Pollo Campero has a goal to double the number of its United States restaurants in three years. Pollo Campero, considered the home of the Authentic Latin Chicken, is the largest Latin Chicken restaurant brand in the world. It first opened its doors as a tiny, family-owned restaurant in Guatemala in 1971 with the goal of treating family and friends to tis prized chicken recipe passed down from generation to generation. Today, Pollo Campero’s focus on quality, and its mission to stay true to its Latin roots remain the same. Campero is committed to serving unique Latin recipes prepared by hand daily, using high-quality and all-natural ingredients. At the heart of that commitment: the promise to use fresh, never frozen chicken, Paired with traditional Latin sides, drinks and desert in a vibrant atmosphere. Headquartered in , TX, Pollo Cmapero has made news since its first US store opening in 2002. In 2015, same store sales growth year to date was 11.8%, with continued 8% growth in comparable sales, and 24% growth in total sales by the end of 2016. Business Insider ranked Pollo Campero 20th of “the 25 best Fast-Food Chains in America” and have began to expand to the east coast with 3 new locations in New York.

3 In the news POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

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Pollo Campero Grows 8% in Comparable Sales and 24% in Total Sales in 2016 Campero Unveils Big Plans for 2017 After Posting 20 Consecutive Quarters of Strong Comparable Growth February 2, 2017 -Dallas--(PRNewswire)-- Pollo Campero, the world's largest Latin chicken restaurant brand, announced its strong performance for 2016, marking the fifth consecutive year the Latin chicken chain has posted positive sales growth, and the first time the company surpassed $100 million in sales in the United States. The news comes as Pollo Campero looks to continue its sales momentum in 2017, while enhancing its Latin menu and expanding its restaurant footprint. "We couldn't be more excited to have seen another year of solid growth," said Tim Pulido, President and CEO of Pollo Campero International. "To see growth at a time when the restaurant industry is struggling is already a positive, but to experience 20 straight quarters with an average 8% growth rate is hard to do -- we are extremely proud of the work we have done.“ "Besides the challenging state of the industry, we knew we were rolling over double digit comparable growth from 2015, so it was important to us to remain focused on our strategic growth avenues to maintain our momentum," shared Pulido. In 2015, the brand posted 10% same-store sales growth, the brand has averaged an 8% comparable sales growth since 2012. "Growing our existing stores at an 8% rate, while growing our restaurant units by 16% and total sales by 24%, is a feat we are extremely proud of—especially when we opened new stores in existing markets.“ Pollo Campero has focused on strengthening its Latin positioning and attention on millennials to maintain its brand momentum. From menu and new product innovation, technology and new brand image, Pollo Campero continues to fuel its growth by growing its millennial customer base. "We focused on enhancing the Campero experience, providing unique Latin meals at a good value, combined with investments in technology and innovation—everything played an important role in Campero's growing popularity among millennials," said Federico Valiente, Pollo Campero International brand lead. "Right now, millennials make up 64% of Pollo Campero's customer base and as we look ahead, we remain focused on understanding their evolving needs to deliver an attractive and relevant value proposition.“ Looking into 2017 and beyond, Pollo Campero has bold plans as it sets out to grow the brand in the United States. "We are in the midst of a very exciting time in this company's growth," said Pulido. "Our goal is to double the size of the business in the next three years. It's an ambitious plan, but we feel we have the pieces and people in place to reach that goal.“ Pollo Campero's growth plan includes expansion via company-owned restaurants and franchising. As the brand sets out to double the size of its U.S. footprint, it will remain focused on select markets across the country. One of the company's biggest initiatives for 2017 is to build its franchise pipeline as it looks to aggressively expand its franchise network in California, South , New Jersey and Atlanta. "We have developed an attractive value proposition for prospective franchisees. As we build our franchise network, we place special emphasis on making sure new franchisees are a good fit for our brand beyond financials, to ensure we deliver the right experience for our guests, to fuel our momentum and achieve our ambitious goals," finished Pulido. Source: Campero, Pollo. “Pollo Campero Grows 8% in Comparable Sales and 24% in Total Sales in 2016.” PR Newswire: News Distribution, Targeting and Monitoring, 2 Feb. 2017, www.prnewswire.com/news-releases/pollo-campero-grows-8-in-comparable-sales-and-24-in-total-sales-in-2016-300401455.html. 4 Aerial photo POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

Sam Houston Tollway (75,000 VPD)

Pansy St. (7,000 VPD) Shell Federal

Credit Union Burke Rd. (15,000 Burke (15,000 Rd. VPD)

5 Aerial photo POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

Kirkwood Medical Associates- Preston Office

We Fix it

Repair Burke Rd. (15,000 Burke (15,000 Rd. VPD)

6 Aerial photo POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

Veterans Memorial Stadium (Capacity 12,700)

Spencer Hwy. (34,000 VPD)

Preston Rd. (15,000 Rd. Preston (15,000 VPD)

Sam Houston Sam Houston Tollway (75,000 VPD) Space Space Center Blvd. (19,000 VPD)

Fairmont Pkwy. (52,000 VPD)

Fairway Plaza

(2 mil SF) Burke Rd. (15,000 Burke (15,000 Rd. VPD)

7 Aerial photo POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston) Preston Rd. (15,000 Rd. Preston (15,000 VPD)

Crossfit South Belt Kirkwood Medical Texas Associates- Citizens Bank Preston Office Shell Federal Credit Union

Fairmont Pkwy. (52,000 VPD)

Pansy Pansy St.(

7 ,000 ,000 VPD) San Jacinto College-

District Office Lily Lily St.

8 SITE PLAN POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

9 Location overview POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

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IMMEDIATE TRADE AREA HOUSTON-SUGAR LAND-BAYTOWN METROPOLITAN AREA Pollo Campero is located at the southeast corner of Fairmont Pkwy. (52,000 The Houston-Sugar Land-Baytown Metropolitan Statistical Area (MSA), VPD) and Lily St. in a dense retail and residential area of Pasadena, TX. colloquially known as Greater Houston, is the 6th largest in the United States Fairmont Pkwy. is a traffic dense east-west thoroughfare that serves south with a population of 5,946,800. From 2000 to 2030, the metropolitan area is Houston and Pasadena neighborhoods, and connects major highways such as projected by Woods & Poole Economics to rank 5th in the nation in population the Sam Houston Tollway and I-45. The subject property will benefit as it is growth—adding 2.66 million people. located in a densely populated area with 97,079 people within a 3-mile radius, and above average household income of $75,016 within a 1-mile radius. Pollo In 2006, Greater Houston ranked 1st in Texas and 3rd in the U.S. within the Campero is approximately 14-miles southeast of downtown Houston, TX. category of "Best Places for Business and Careers" by Forbes. The Greater Houston Gross Metropolitan Product (GMP) in 2005 was $308.7 billion, up 5.4 Due to the accessibility and location of the trade area, many national credit percent from 2004 in constant dollars. By 2010, the GMP rose to $384 billion, tenants have developed throughout. Notable retailers in the immediate trade 5th in the nation. Only 28 nations other than the United States have a GDP area include Walmart, Super Target, Lowe’s, Kohl’s, Ross, Old Navy, Barnes & exceeding the Greater Houston GMP. Mining, which in Houston is almost Nobles, Pier 1 Imports, Best Buy, Academy, ALDI, Kroger, CVS, Walgreens, entirely oil and gas exploration and production, accounts for 11 percent of Family Dollar, Petco, Pet Smart, O’Reilly, Discount Tire, AutoZone, Napa, Jiffy Greater Houston's GMP. Lube, Firestone, Wingstop, Popeyes, Domino’s, McDonald’s, Subway, Dairy Queen, Little Caesar’s, Whataburger, Dunkin Donuts, Starbucks, Pizza Hut, Houston is 2nd to New York City in Fortune 500 headquarters. Galveston Bay Burger King, Jack in the Box, and many more. and the Buffalo Bayou together form one of the most important shipping hubs in the world, and the Port of Houston, the Port of Texas City, and the Port of PASADENA, TX Galveston are all major seaports located in Greater Houston. The area is one Pasadena is a city in the U.S. state of Texas within the Houston–Sugar Land– of the leading centers of the energy industry, particularly petroleum processing, Baytown metropolitan area. It is the 2nd largest city in Harris County and 17th- and many companies have large operations in this region. The MSA comprises largest in Texas. The city's key economic sectors include exploration for the largest petrochemical manufacturing area in the world, including for petroleum and gas, petroleum refining, petrochemical processing, maritime synthetic rubber, insecticides, and fertilizers. Much of metro area's success as shipping, aerospace, and healthcare. The city's economy is closely linked to a petrochemical complex is enabled by the Houston Ship Channel. The area is the nearby Houston Ship Channel and the Bayport shipping terminal and also the world's leading center for building oilfield equipment, and is a major industrial district, as well as the National Aeronautics and Space Administration center of biomedical research, aeronautics, and high-technology. (NASA)'s Lyndon B. Johnson Space Center in the bordering Clear Lake Area. Houston is home to the Texas Medical Center—the largest medical center in The Pasadena Refining System, a partnership of Petrobras and Astra Holding the world—several universities (including Rice University, Texas Southern USA, is headquartered in Pasadena. Multiple companies are looking to expand University, and The University of Houston), and two of the largest systems of operations into Pasadena. PinnacleAIS LLC, known as a rising star in oil and higher learning in the United States (The Houston and Lone Star Community gas technology recently opened a 20-acre headquarters campus in Pasadena. College systems). The University of Houston’s annual impact on the Houston- NA Industries, based in Chattanooga, TN, and a wholly owned subsidiary of area's economy alone equates to that of a major corporation: $1.1 billion in new Nippon Shokubai Co. LTD, headquartered in Osaka, Japan, will build a new funds attracted annually to the Houston area, $3.13 billion in total economic $100 million plant to produce superabsorbent polymers. Also, Portagas has benefit, and 24,000 local jobs generated. purchased a 38,000 SF facility at 1202 Beltway 8 in Pasadena for its new CNN/Money and Money Magazine have recognized 5 cities in the Greater corporate office. Pasadena is also home to the University of Houston - Clear Houston area the past 3-years as part of its 100 Best Places to Live in the Lake. This 524 acre campus has a current enrollment of 8,111 Students. United States.

10 Location map POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

11 Location map POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

12 Demographics POLLO campero | CORPORATE GROUND LEASE – Absolute nnn

5000 Fairmont pkwy, Pasadena, tx (Houston)

5000 Fairmont Pkwy 5000 Fairmont Pkwy 1 mi radius 3 mi radius 5 mi radius 1 mi radius 3 mi radius 5 mi radius Pasadena, TX 77505 Pasadena, TX 77505

2017 Estimated Population 8,936 97,079 293,702 2017 Est. Labor Population Age 16 Years or Over 7,120 72,909 218,154 2022 Projected Population 9,790 107,896 325,538 2017 Est. Civilian Employed 56.8% 61.6% 62.0% 2010 Census Population 9,033 93,302 281,246 2017 Est. Civilian Unemployed 5.3% 4.2% 4.4% 2000 Census Population 7,663 81,653 254,376 2017 Est. in Armed Forces - - 0.1% Projected Annual Growth 2017 to 2022 1.9% 2.2% 2.2% 2017 Est. not in Labor Force 37.8% 34.1% 33.5%

POPULATION

Historical Annual Growth 2000 to 2017 1.0% 1.1% 0.9% FORCE LABOR 2017 Labor Force Males 47.7% 48.7% 49.1% 2017 Labor Force Females 52.3% 51.3% 50.9% 2017 Estimated Households 3,388 34,022 99,241 2022 Projected Households 3,697 37,654 109,376 2010 Occupation: Population Age 16 Years or Over 4,046 44,419 135,128 2010 Census Households 3,321 31,793 92,013 2010 Mgmt, Business, & Financial Operations 12.6% 9.5% 10.1% 2000 Census Households 2,921 28,599 85,267 2010 Professional, Related 20.5% 15.9% 15.6% Projected Annual Growth 2017 to 2022 1.8% 2.1% 2.0% 2010 Service 14.0% 18.1% 17.5%

HOUSEHOLDS Historical Annual Growth 2000 to 2017 0.9% 1.1% 1.0% 2010 Sales, Office 21.8% 22.9% 23.5% 2010 Farming, Fishing, Forestry - 0.2% 0.2% 2017 Est. Population Under 10 Years 12.3% 15.5% 16.0% 2010 Construction, Extraction, Maintenance 11.4% 15.5% 15.9%

OCCUPATION 2017 Est. Population 10 to 19 Years 13.8% 15.6% 15.8% 2010 Production, Transport, Material Moving 19.9% 17.9% 17.1% 2017 Est. Population 20 to 29 Years 13.6% 14.4% 14.4% 2010 White Collar Workers 54.8% 48.3% 49.2% 2017 Est. Population 30 to 44 Years 19.9% 20.6% 21.1% 2010 Blue Collar Workers 45.2% 51.7% 50.8%

AGE 2017 Est. Population 45 to 59 Years 19.3% 18.4% 18.3% 2017 Est. Population 60 to 74 Years 15.0% 11.2% 10.6% 2010 Drive to Work Alone 88.6% 83.0% 82.6% 2017 Est. Population 75 Years or Over 6.1% 4.4% 3.8% 2010 Drive to Work in Carpool 8.4% 11.4% 11.6% 2017 Est. Median Age 37.2 32.7 32.1 2010 Travel to Work by Public Transportation 0.1% 0.7% 0.9% 2010 Drive to Work on Motorcycle 0.2% 0.2% 0.2% 2017 Est. Male Population 48.4% 49.3% 49.7% 2010 Walk or Bicycle to Work 0.3% 1.5% 1.4% 2017 Est. Female Population 51.6% 50.7% 50.3% WORK TO 2010 Other Means 0.7% 0.9% 1.1%

2017 Est. Never Married 27.2% 31.8% 33.6% TRANSPORTATION 2010 Work at Home 1.7% 2.4% 2.3% 2017 Est. Now Married 48.0% 45.2% 45.0%

& GENDER& 2017 Est. Separated or Divorced 20.2% 18.2% 17.1% 2010 Travel to Work in 14 Minutes or Less 26.1% 21.6% 22.0%

MARITAL STATUS STATUS MARITAL 2017 Est. Widowed 4.6% 4.8% 4.3% 2010 Travel to Work in 15 to 29 Minutes 32.8% 34.0% 32.4% 2010 Travel to Work in 30 to 59 Minutes 29.4% 32.1% 32.2% 2017 Est. HH Income $200,000 or More 4.4% 3.5% 4.5% 2010 Travel to Work in 60 Minutes or More 6.6% 8.3% 9.0%

2017 Est. HH Income $150,000 to $199,999 8.1% 4.3% 4.8% TIME TRAVEL 2010 Average Travel Time to Work 22.7 24.3 24.7 2017 Est. HH Income $100,000 to $149,999 16.3% 14.2% 14.4% 2017 Est. HH Income $75,000 to $99,999 11.4% 12.7% 12.5% 2017 Est. Total Household Expenditure $195 M $1.82 B $5.45 B 2017 Est. HH Income $50,000 to $74,999 20.3% 20.9% 18.8% 2017 Est. Apparel $6.82 M $63.6 M $191 M 2017 Est. HH Income $35,000 to $49,999 17.2% 14.1% 14.1% 2017 Est. Contributions, Gifts $13.5 M $119 M $367 M 2017 Est. HH Income $25,000 to $34,999 7.8% 10.2% 11.1% 2017 Est. Education, Reading $7.68 M $68.9 M $213 M

INCOME 2017 Est. HH Income $15,000 to $24,999 9.8% 10.9% 10.3% 2017 Est. Entertainment $11.0 M $102 M $306 M 2017 Est. HH Income Under $15,000 4.9% 9.1% 9.3% 2017 Est. Food, Beverages, Tobacco $29.7 M $281 M $837 M 2017 Est. Average Household Income $75,016 $67,478 $70,724 2017 Est. Furnishings, Equipment $6.73 M $61.8 M $186 M 2017 Est. Median Household Income $63,486 $59,699 $63,299 2017 Est. Health Care, Insurance $16.9 M $159 M $473 M 2017 Est. Per Capita Income $28,538 $23,675 $23,916 2017 Est. Household Operations, Shelter, Utilities $60.3 M $562 M $1.69 B 2017 Est. Miscellaneous Expenses $2.86 M $26.9 M $80.0 M

CONSUMEREXPENDITURE 2017 Est. Total Businesses 582 3,386 8,774 2017 Est. Personal Care $2.53 M $23.6 M $70.8 M 2017 Est. Total Employees 6,630 34,587 93,100 2017 Est. Transportation $37.1 M $349 M $1.04 B 13