Long Term, 20+ Year Successful Operating History

• Caliber Collision has successfully been operating at this location for over 20 years since 1998
• Tenant’s original lease term was 10 years, they have since exercised multiple extensions including the last 10-year extension (instead of 5 years per the lease)

Attractive 10% Increase in 2023

• The lease contains attractive 10% increases every 5 years in the primary and option terms – the next increase coming in just 2 years
• At the time of the increase, the return immediately bumps to over 6%

Numerous Trade Area Generators

• SeaWorld San Antonio: Largest of the 3 SeaWorld locations, a top 10 destination in Texas
• Ingraham Park Mall: 1m SF Regional Shopping Center with 150 retailers and restaurants
• Westover Marketplace: Class A Power Center anchored by Lowe’s, Target, Office Depot and a number of other nationals
• Southwest Research Institute: 3,000+ employees with nearly $674m in revenues
• Northside Activity Center/Gustafson Stadium: Part of NISD creating draw to area

Extremely Well Located – Highway Visibility & High Traffic Along NW Loop 410

• Ideally located along NW Loop 410 with highway visibility to the 218,025 cars per day passing the subject property
• Subject property is situated directly off the highway at Culebra Road which has 53,162 cars per day

Internet Resistant Tenant

• Stable demand in the collision repair industry driven by automobile accidents
• Consumers will continue to need collision repair – unaffected by any conversion to hybrid or electric automobiles

America’s Largest Collision Repair Company

• Caliber is the largest and one of the most profitable players in the industry with over 1,200 locations and approximately $4B+ in revenue in 2020
• Industry leader in establishing value added partnerships with insurance carries and expanding partnership with auto dealers

Minimal Landlord Obligations – Passive Investment

• Passive net leased investment with Landlord’s only obligations are roof, foundation, underground pipes, all outside plumbing and structure soundness of exterior walls
• No day to day management creating “hands free” investment opportunity

Densely Populated Trade Area

• 347,556 people in the 5-mile radius
• 120,352 households in the 5-mile radius