INVESTMENT HIGHLIGHTS

FAMILY DOLLAR CORPORATE LEASE:

• 2002 Construction Build-to-Suit Family Dollar
• Approximately 4.75 Years of Guaranteed Lease Term

RECENT LEASE RENEWAL:

• Family Dollar Recently Exercised a Renewal Option as Per the Lease Agreement (Requiring No Landlord Concessions)

STRONG PERFORMING STORE:

• Tenant Required to Report Store Sales Annually (Contact Agent for Details)
• 2022 Rent to Sales Ratio = 4.40%

RECENT STORE REMODEL - OCTOBER 2023:

• Store Just Underwent a Remodel at the Sole Cost and Expense of Family Dollar

TEXAS TECH UNIVERSITY - 1923:

• Located 2.5 Miles from the Subject Property
• Campus Size = 1,839 Acres
• Total Enrollment = 40,000+
• Total Alumni = 240,000+
• Total Faculty = 1,900+
• Total Endowment = $1.73 Billion
• Statewide Economic Impact = $3.5 Billion
• U.S. News 2024 Rankings: #116 in Top Public Schools and #216 in National Universities

NN LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

• Landlord Responsibilities Limited to Roof, Parking Lot and Common Area Maintenance
• Tenant is Responsible for Maintenance and Repair/Replacement of HVAC Units
• Tenant Pays Taxing Authority Directly

PROXIMITY FROM LUBBOCK:

• Midland, TX | 117 Miles
• Amarillo, TX | 125 Miles
• Abilene, TX | 163 Miles
• Wichita Falls, TX | 210 Miles
• Fort Worth, TX | 292 Miles
• Dallas, TX | 326 Miles

TRADE AREA DEMOGRAPHICS:

• 1-Mile Population: 15,316 Residents | 0.80% Annual Population Growth
• 1-Mile Average Household Income = $54,442
• 3-Mile Population: 92,923 Residents | 0.74% Annual Population Growth
• 3-Mile Average Household Income = $69,152
• 5-Mile Population: 188,241 Residents | 0.73% Annual Population Growth
• 5-Mile Average Household Income = $81,522

TENANT:

• Strong Corporate Guaranty (NASDAQ: "DLTR") - Dollar Tree, Inc. Is Rated "BBB-" by Standard & Poor's
• 16,476 Stores as of July 29, 2023
• Ranked #137 on the Fortune 500 List