LOCATED WITHIN THE NEW ALIANA MASTER PLANNED COMMUNITY (4,200 HOMES) 2807.6% POPULATION GROWTH SINCE 2000

FILE PHOTO

EXCLUSIVE OFFERING | $3,419,000 – 5.50% CAP Jiffy lube – CORPORATE ABSOLUTE NNN LEASE

18320 W Airport blvd, Richmond, Tx

214.675.0175 Property. New. 4,024+ SF building on 0.91+ acres. Tenant. Jiffy Lube, 2,200+ businesses in North America offering oil changes and other automotive services. MATTHEW SCOW [email protected] Lease structure. Brand new, 15-year, corporate absolute NNN lease with 10% rent increases every 5-years, beginning in year 6. JOE CAPUTO Location. Jiffy Lube is strategically located along Airport Blvd. (12,000 VPD) in a brand new master-planned community, Aliana, in Richmond, TX. Airport Blvd. is [email protected] an east-west local thoroughfare that provides daily commuters with access to the high traffic highway, SH-99 “Grand Pkwy.” (53,000 VPD), which is less than half a mile from Jiffy Lube. The subject property stands to gain from above average demographics within the immediate trade area such as, household incomes of $105,189 and a population 230,7354 people, both within a 5-mile radius. Within 2.5-miles of the subject Jiffy Lube are 6 schools with approximately 7,454 total students. Several national tenants are in the immediate trade area including Target, HEB, Marshalls, Hobby Lobby, PetSmart, at home, CVS, Exxon, Shell, Great Clips, Starbucks, Raising Cane’s, Pizza Hut, MOD Pizza, and many more. The subject property is located approximately 25-miles from downtown Houston, TX. Table of contents Jiffy lube

18320 W Airport blvd, Richmond, Tx

Disclaimer PAGE 1: COVER Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at 18320 W. Airport Blvd., Richmond, TX by the owner of the Property (“Seller”). The Property PAGE 2: TABLE OF CONTENTS 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 Offering Memorandum. The enclosed materials include highly confidential information and PAGE 3: INVESTMENT OVERVIEW are being furnished solely for the purpose of review by prospective purchasers of the 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 4-5: 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 6: 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 7: RENDERINGS / ELEVATIONS 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 8-10: LOCATION OVERVIEW 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. Interested parties are to make their own investigations, projections and conclusions without PAGE 11-12: LOCATION MAPS 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 PAGE 13: DEMOGRAPHICS 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 or otherwise reproduced without the prior written authorization of Seller and Agent.

2 Investment overview Jiffy lube

18320 W Airport blvd, Richmond, Tx

Lease overview

PRICE: $3,419,000 Lease Term: 15 Years, Plus (5), 5-Year Options to Extend

CAP RATE: 5.50% Projected Rent Commencement: June 2019

NET OPERATING INCOME: $188,040 * Projected Lease Expiration: June 2034

BUILDING AREA: 4,024+ Square Feet Lease Type: Corporate Absolute NNN Rent Increases: 10% Every 5 Years, Beginning in Year 6 LAND AREA: 0.91+ Acres Annual Rent Yrs 1-5: $188,040 * Option 2 | Yrs 21-25: $275,309 YEAR BUILT: 2019 Annual Rent Yrs 6-10: $206,844 Option 3 | Yrs 26-30: $302,840 LANDLORD RESPONSIBILITY: None Annual Rent Yrs 11-15: $227,528 Option 4 | Yrs 31-35: $333,124 OWNERSHIP: Fee Simple Interest Option 1 | Yrs 16-20: $250,281 Option 5 | Yrs 36-40: $366,436

ROFR to Purchase: Yes

* Rent is based on a formula that includes a % of total project costs and will be adjusted accordingly upon building completion. Annual Rent shown above are estimates. Consequently, the Purchase Price may change but the agreed upon CAP rate will not. Tenant overview JIFFY LUBE INTERNATIONAL, INC., a Delaware Corporation

JIFFY LUBE | www.jiffylube.com Jiffy Lube is a chain of over 2,200 businesses in North America offering oil changes and other automotive services. The company is based in Houston, Texas, and is a subsidiary of Shell Oil. Jiffy Lube consists of more than 2,000 franchised service centers throughout North America and Canada, serving approximately 24 million customers each year. Jiffy Lube service centers are 100% franchise-owned, independently owned and operated by 252 entity groups. The company was ranked first on National Oil and Lube News 2011 Tops in the Fast Lubes Industry Rankings. Also, Jiffy Lube was ranked number 3 in Entrepreneur Magazine’s 2013 Franchise 500 and number 73 on Franchise Times 2011 Top 200 Franchise Chains by Worldwide Sales. The first Jiffy Lube store was established on 36th Street in Ogden, Utah by Edwin H. Washburn as early as 1971. Over the following years, Washburn franchised a number of Jiffy Lube centers in within Utah. In 1979, then-football coach at Western Maryland College W. James Hindman bought out Washburn's seven franchises and established Jiffy Lube International, relocating to Baltimore, Maryland. It is this year which Jiffy Lube generally states as its founding date with Hindman as its founder. Jiffy Lube went public in 1987, and had opened 1,020 franchises and company stores by 1989. In 1991, Jiffy Lube became a subsidiary of Pennzoil. Following the merger of Pennzoil and Quaker State in 1998, the 581 Q Lube stores were merged into the Jiffy Lube brand, then possessing 1,541 stores, with overlapping operations being closed down. Pennzoil-Quaker State was ultimately purchased by Shell Oil in 2002. The core offering of Jiffy Lube remains the Jiffy Lube Signature Service® Oil Change, a service that offers customers more than just a standard oil and filter change. In June 2011, Jiffy Lube introduced a new program called Oil Change Schedule (OCS). The new program allows Jiffy Lube customers to choose how often they have their oil changed based on a number of variables including vehicle manufacturer recommendations, driving habits, and road conditions. The OCS program moves away from the old model of changing oil every 3,000 miles and provides a schedule that is unique for each driver.

3 Aerial photo Jiffy lube

18320 W Airport blvd, Richmond, Tx

Aliana Master Planned Madden Elementary Community (935 students) Travis High (4,200 homes) School (2,489 students)

Harvest Green Montessori Oyster Creek School Elementary (783 students)

Stephen F Austin High School (2,259 students)

Garcia Middle School (988 students)

4 Aerial photo Jiffy lube

18320 W Airport blvd, Richmond, Tx

Bellfort Blvd. (6,000 VPD) Aliana Master Planned Community (4,200 homes)

Madden Elementary (119 units) Travis High School (119 units)

Harvest Green Montessori School (119 units)

5 site plan Jiffy lube

18320 W Airport blvd, Richmond, Tx

6 RENDERINGS / elevations Jiffy lube

18320 W Airport blvd, Richmond, Tx

7 Location overview – new ALIANA MASTER PLANNED COMMUNITY Jiffy lube

18320 W Airport blvd, Richmond, Tx

Click Here FOR ARTICLE:

ALIANA OPENS NEW MODEL HOMES AS FORT BEND CONTINUES GROWTH

RICHMOND, TX (July 27, 2017) – Aliana, recently announced as Houston’s #2 selling community by RCLCO, has opened two new model homes by J. Patrick Homes and Perry Homes, both on 65-foot homesites. As the Fort Bend community continues to grow, it is also expanding its offerings of new homes suitable for various lifestyles. Priced from the $420,000s to the $600,000s, the unique homes offered by the acclaimed builders are exclusive to Aliana and capitalize on the community’s appeal to a myriad of lifestyles, including multicultural families. Both two-story models feature an optional spice kitchen, spacious secondary bedrooms, and gourmet island kitchen. The contemporary shopper will appreciate the metallic tones and pops of green over black-and-white décor of the J.Patrick NuvoVista model home. Home plans in the series, many of which feature metal roofing accents, private front courtyards, and optional prayer room and spice kitchen, range from approximately 3,800 to 4,300 square feet. With the addition of these two new models, Aliana now boasts 18 model homes, including six lifestyle models and 12 in its award-winning model home village, with prices from the $280,000s to over $1 million. Aliana residents enjoy great amenities in this mixed-use community, including two recreation centers with swimming pools, splash pad, 24-hours fitness facilities, tennis courts, miles of hiking trails, lush shaded parks and more. The Fort Bend community is home to H-E-B Aliana Market and the nation’s first fully re-imagined Target store scheduled to open in October. Aliana is one of the largest and fastest-growing master-planned communities in Fort Bend County. It is located west of Houston on the Grand Parkway between U.S. Highway 59 and Interstate 10. Aliana students attend the highly rated Fort Bend Independent School District.

For more information on this award-winning Fort Bend master-planned community, visit www.AlianaHouston.com 8 Location overview Jiffy lube

18320 W Airport blvd, Richmond, Tx

Aliana Master-Planned Community Richmond, TX

IMMEDIATE TRADE AREA Jiffy Lube is strategically located along Airport Blvd. (12,000 VPD) in a brand new master-planned community, Aliana, in Richmond, TX. Airport Blvd. is an east-west local thoroughfare that provides daily commuters with access to the high traffic highway, SH-99 “Grand Pkwy.” (53,000 VPD), which is less than half a mile from Jiffy Lube. The subject property stands to gain from above average demographics within the immediate trade area such as, household incomes of $105,189 and a population 230,7354 people, both within a 5-mile radius. Within 2.5-miles of the subject Jiffy Lube are 6 schools with approximately 7,454 total students. The subject property is located approximately 25-miles from downtown Houston, TX. Several national tenants are in the immediate trade area including Target, HEB, Marshalls, Hobby Lobby, PetSmart, at home, Carter’s, CVS, Exxon, Shell, Great Clips, Verizon, Starbucks, Raising Cane’s, Pizza Hut, MOD Pizza, and many more. RICHMOND, TX Richmond is a city in and the county seat of Fort Bend County, TX. It is located within the Houston–The Woodlands–Sugar Land metropolitan statistical area. As of 2017, the population of Richmond was approximately 12,064 people. Richmond is conveniently located at the center of Fort Bend County, the fastest growing county in America. Richmond is strategically positioned along US Highway 59 and US 90 Alternate. Businesses located in Richmond benefit from a trained and talented workforce, major highway and rail access, and a prime destination less than 30 minutes from Houston’s central business district and Texas Medical Center. Richmond has a young and highly skilled workforce. Tailored training programs are available from both Texas State Technical College – Brazos Campus and Wharton Junior College. Business locating in Richmond can rest assured knowing that active and engaged educational partners are producing trained workers and are ready and able to create customized training programs to fit their needs. The City’s strategic position in the center of the fastest growing county in the nation offers numerous prime commercial and industrial locations. Richmond has many strategic strengths, including frontage on or close access to major transportation networks that include US 59, US 90 A, and SH-99 “The Grand Parkway”. These major transportation networks help to bring visitors to Richmond with ease and enables goods to be quickly transported throughout the region efficiently. 9 Location overview Jiffy lube

18320 W Airport blvd, Richmond, Tx HOUSTON

HOUSTON-SUGAR LAND-BAYTOWN METROPOLITAN AREA The Houston-Sugar Land-Baytown Metropolitan Statistical Area (MSA), colloquially known as Greater Houston, is the 5th largest in the United States with a population of 6,772,852 as of 2016. From 2000 to 2030, the metropolitan area is projected by Woods & Poole Economics to rank 5th in the nation in population growth—adding 2.66 million people. In 2006, Greater Houston ranked 1st in Texas and 3rd in the U.S. within the 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 percent from 2004 in constant dollars. By 2016, the GMP rose to $491 billion, 6th in the nation. Only 26 nations other than the United States have a GDP exceeding the Greater Houston GMP. Mining, which in Houston is almost entirely oil and gas exploration and production, accounts for 11 percent of Greater Houston's GMP. Houston is 2nd to New York City in Fortune 500 headquarters. Galveston Bay 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 Galveston are all major seaports located in Greater Houston. The area is one of the leading centers of the energy industry, particularly petroleum processing, and many companies have large operations in this region. The MSA comprises the largest petrochemical manufacturing area in the world, including for synthetic rubber, insecticides, and fertilizers. Much of metro area's success as a petrochemical complex is enabled by the Houston Ship Channel. The area is also the world's leading center for building oilfield equipment, and is a major center of biomedical research, aeronautics, and high-technology. Houston is home to the Texas Medical Center—the largest medical center in the world—several universities (including Rice University, Texas Southern University, and The University of Houston), and two of the largest systems of higher learning in the United States (The Houston and Lone Star Community College systems). The University of Houston’s annual impact on the Houston-area's economy alone equates to that of a major corporation: $1.1 billion in new funds attracted annually to the Houston area, $3.13 billion in total economic benefit, and 24,000 local jobs generated. CNN/Money and Money Magazine have recognized 5 cities in the Greater Houston area the past 3-years as part of its 100 Best Places to Live in the United States. 10 Location map Jiffy lube

18320 W Airport blvd, Richmond, Tx

11 Location map Jiffy lube

18320 W Airport blvd, Richmond, Tx

12 Demographics Jiffy lube

18320 W Airport blvd, Richmond, Tx

18320 W Airport Blvd 18320 W Airport Blvd 1 mi radius 3 mi radius 5 mi radius 1 mi radius 3 mi radius 5 mi radius Richmond, TX 77407 Richmond, TX 77407

2018 Estimated Population 3,149 78,555 230,354 2018 Est. Labor Population Age 16 Years or Over 2,322 59,379 174,707 2023 Projected Population 3,601 89,654 260,602 2018 Est. Civilian Employed 66.7% 64.2% 64.2% 2010 Census Population 74 50,083 177,294 2018 Est. Civilian Unemployed 2.8% 2.7% 2.6% 2000 Census Population 6 23,045 102,827 2018 Est. in Armed Forces 0.5% 0.3% 0.2%

Projected Annual Growth 2018 to 2023 2.9% 2.8% 2.6% 2018 Est. not in Labor Force 30.0% 32.8% 33.0% POPULATION

Historical Annual Growth 2000 to 2018 2807.6% 13.4% 6.9% FORCE LABOR 2018 Labor Force Males 47.9% 50.0% 48.9% 2018 Labor Force Females 52.1% 50.0% 51.1% 2018 Estimated Households 1,016 24,666 72,226 2023 Projected Households 1,176 28,612 82,994 2010 Occupation: Population Age 16 Years or Over 71 33,118 112,737 2010 Census Households 23 14,927 53,662 2010 Mgmt, Business, & Financial Operations 20.8% 20.6% 18.9% 2000 Census Households 2 6,612 30,609 2010 Professional, Related 32.3% 27.9% 27.0%

Projected Annual Growth 2018 to 2023 3.2% 3.2% 3.0% 2010 Service 11.7% 12.7% 14.5% HOUSEHOLDS Historical Annual Growth 2000 to 2018 2744.0% 15.2% 7.6% 2010 Sales, Office 21.8% 24.0% 24.1% 2010 Farming, Fishing, Forestry - - -

2018 Est. Population Under 10 Years 16.7% 14.8% 14.5% 2010 Construction, Extraction, Maintenance 5.4% 6.4% 6.8% OCCUPATION 2018 Est. Population 10 to 19 Years 15.2% 15.5% 15.7% 2010 Production, Transport, Material Moving 8.0% 8.4% 8.7% 2018 Est. Population 20 to 29 Years 13.4% 12.8% 12.6% 2010 White Collar Workers 74.9% 72.5% 70.0% 2018 Est. Population 30 to 44 Years 25.4% 23.1% 22.2% 2010 Blue Collar Workers 25.1% 27.5% 30.0%

AGE 2018 Est. Population 45 to 59 Years 17.5% 20.2% 20.4% 2018 Est. Population 60 to 74 Years 9.4% 10.8% 11.4% 2010 Drive to Work Alone 81.1% 83.3% 82.0% 2018 Est. Population 75 Years or Over 2.4% 2.9% 3.2% 2010 Drive to Work in Carpool 11.9% 10.0% 10.4% 2018 Est. Median Age 31.7 34.0 34.6 2010 Travel to Work by Public Transportation 1.8% 1.4% 1.7% 2010 Drive to Work on Motorcycle - 0.1% - 2018 Est. Male Population 48.8% 50.3% 49.5% 2010 Walk or Bicycle to Work 0.3% 0.7% 0.6% 2018 Est. Female Population 51.2% 49.7% 50.5% WORK TO 2010 Other Means 0.8% 0.5% 0.5%

2018 Est. Never Married 26.2% 28.0% 30.0% TRANSPORTATION 2010 Work at Home 4.1% 4.1% 4.8% 2018 Est. Now Married 58.5% 55.4% 54.1%

& GENDER& 2010 Travel to Work in 14 Minutes or Less 7.2% 9.4% 11.3% 2018 Est. Separated or Divorced 11.9% 12.6% 11.8% 2010 Travel to Work in 15 to 29 Minutes 21.9% 26.6% 27.2% MARITAL STATUS STATUS MARITAL 2018 Est. Widowed 3.4% 4.0% 4.0% 2010 Travel to Work in 30 to 59 Minutes 56.6% 50.9% 50.2% 2018 Est. HH Income $200,000 or More 9.9% 13.6% 12.7% 2010 Travel to Work in 60 Minutes or More 17.3% 14.4% 12.9%

2018 Est. HH Income $150,000 to $199,999 10.1% 10.8% 9.5% TIME TRAVEL 2010 Average Travel Time to Work 36.0 33.4 32.3 2018 Est. HH Income $100,000 to $149,999 27.3% 25.5% 22.2% 2018 Est. HH Income $75,000 to $99,999 15.6% 13.7% 13.6% 2018 Est. Total Household Expenditure $67.6 M $1.81 B $5.24 B 2018 Est. HH Income $50,000 to $74,999 17.6% 15.7% 17.8% 2018 Est. Apparel $2.38 M $64.0 M $186 M 2018 Est. HH Income $35,000 to $49,999 6.3% 7.1% 9.0% 2018 Est. Contributions, Gifts $4.97 M $138 M $396 M

2018 Est. HH Income $25,000 to $34,999 4.5% 4.9% 5.9% 2018 Est. Education, Reading $2.94 M $80.7 M $229 M INCOME 2018 Est. HH Income $15,000 to $24,999 2.4% 3.3% 4.3% 2018 Est. Entertainment $3.85 M $103 M $299 M 2018 Est. HH Income Under $15,000 6.3% 5.3% 5.1% 2018 Est. Food, Beverages, Tobacco $10.1 M $266 M $777 M 2018 Est. Average Household Income $90,911 $105,189 $103,917 2018 Est. Furnishings, Equipment $2.42 M $64.9 M $187 M 2018 Est. Median Household Income $95,696 $101,940 $95,108 2018 Est. Health Care, Insurance $5.59 M $149 M $434 M 2018 Est. Per Capita Income $29,324 $33,474 $32,762 2018 Est. Household Operations, Shelter, Utilities $20.9 M $559 M $1.62 B

2018 Est. Miscellaneous Expenses $969 K $25.6 M $74.5 M CONSUMEREXPENDITURE 2018 Est. Total Businesses 38 713 3,253 2018 Est. Personal Care $871 K $23.3 M $67.4 M 2018 Est. Total Employees 303 6,296 25,439 2018 Est. Transportation $12.7 M $335 M $975 M 13