Corporately guaranteed net lease | Tesla, Inc. (NASDAQ: TSLA). Rare 2.5% annual rent escalations. Reasonable & replaceable rental rate of $10.73/sf NN. Tenant reimburses management fee up to 1.5% of base rent. Tesla has posted profits for 21 consecutive quarters, including $2.17 billion in net income on $25.2 billion in revenue in Q3 2024. The company boasts a 10.8% operating margin, one of the highest in the industry, and a market cap of $1.24 trillion (as of January 2025). Tesla achieved investment-grade ratings of Baa3 from Moody’s (March 2023) and BBB from S&P Global (October 2022), reflecting its solid financial standing. Located along US 290, Houston’s major northwest corridor linking Houston to Austin and high-growth suburban markets like Cypress and Waller, the Property benefits from exceptional accessibility and regional significance. The Property is located in a key industrial and commercial corridor, home to major distribution centers like Costco, Home Depot, UPS, FedEx, and Amazon’s regional operations. Combined traffic counts at the Intersection of US 290 and FM 1960 exceeds 225,384 vehicles per day. Total population of 289,455 with an average household income of $102,056, within a 5 mile radius The Houston metro is the nation’s fifth most populous metro area. Houston added nearly 140,000 residents in 2023, second among U.S. metros in population growth.