Investment Highlights • New 20-Year Absolute NNN Lease • Brand-new 2023 construction on a signalized hard corner of Bob Bullock Loop 20, Laredo's primary commercial loop • Corporate Guaranty from a 41-unit Freddy's operator • 10% rent increases every 5 years grow the yield from 5.75% to over 11% by the final option Location Highlights • Bob Bullock Loop 20 retail corridor (~29,781 VPD at the corner) near Mall del Norte (1.2M SF: Dillard's, Macy's, JCPenney, Cinemark), HEB Plus!, Walmart, and Target; co-developed alongside Sleep Number and a forthcoming Whataburger • Laredo is the #1 inland port in the United States: $353.9B in two-way trade in 2025, with 6M+ trucks crossing annually via the World Trade Bridge, driving sustained logistics employment and population growth • Strong, growing trade area: $91,460 1-mile median household income with +2.55% projected 3-mile annual population growth • Texas A&M International University (7,000+ students) within the trade area Tenant Highlights • Lone Star Custard: 41-unit Freddy's franchisee operating across San Antonio, Austin, the Rio Grande Valley, and Houston • Brand-new 20-year absolute NNN sale-leaseback with 10% increases every 5 years and (4) 5-year options • Established brand: Freddy's boasts over 550 locations across 36 states