Brand New Long-Term NNN Lease

• The owner/tenant will sign a brand new, 15-year absolute NNN lease upon the close of escrow
• The new long-term lease will provide an investor with a steady fixed income stream with favorable increases every 5 years

Zero Landlord Responsibilities – Completely Passive Investment

• A new owner will reap the benefits of the new absolute NNN lease with zero landlord responsibilities
• Ideal passive investment for any hands-off owner

Major Thoroughfare with High Traffic Counts

• 63,000 cars per day along South Padre Island Drive

High Store Sales – Increasing Year Over Year

• The subject property has enjoyed positive year over year sales growth over the last 3 years
• 19% sales increase from 2017 to 2018
• Conservatively projecting $3.05m in sales for 2019

Seasoned La Z Boy Franchisee – 20 Years In Business

• The President of the company purchased the La-Z-Boy franchise in 1999, successfully operating and growing the company over the last 20 years
• The franchisee currently operates 5 La-Z-Boy locations (San Antonio – 3, Corpus Christi – 1, McAllen – 1)

Recently Constructed State of the Art Building

• The subject property was completed and open for business in 2014
• Ownership developed the subject property from the ground up, and invested a significant amount in tenant improvements showing a long-term commitment to this location

Well Located Within Retail Trade Area

• Ideally located along South Padre Island Drive, the major thoroughfare through Corpus Christi
• Large presence of national retailers in the immediate trade are including Walgreens, McDonalds, Century 16 IMAX theaters, Applebee’s, numerous hotel and car dealerships and the Target HEB anchored shopping center just NW of the subject property

Built In Customer Base – Naval Air Station Corpus Christi & Texas A&M University

• La-Z-Boy benefits from a large customer base coming from the nearby NAS Corpus Christi base as well as the satellite campus for Texas A&M University
• There are multiple apartment complexes within just a few blocks of the subject property housing a number of students who attend the university