624 11TH ST Huntsville TX 77340-4726

SRS is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a Family Dollar property located in Huntsville, Texas. Built in 2016, the lease has 12 years remaining in the initial term with a rare 10% increase in Year 11 and three (3) – five (5) year options at 10% rental increases. The lease is absolute NNN in nature with ZERO management responsibilities as Family Dollar is responsible for ALL operating expenses, insurance, and property taxes. The lease is guaranteed by Dollar Tree, Inc. (NYSE: DLTR) with a credit rating of BBB- from Standard & Poor’s.

The subject property is strategically located along Huntsville is located along 11th St. (Highway 190) with traffic counts in excess of 18,029 vehicles per day. 11th St./Highway 190 is the major east/west thoroughfare through the city of Huntsville. Huntsville is approximately 52 Miles East of College Station, TX; 70 Miles North of Houston; TX; 131 Miles SE of Waco; TX & 156 Miles NE of Austin; TX. The 5-mile trade area is supported by a population of 45,481 residents with an average household income of $46,754.

FAMILY DOLLAR CORPORATE GUARANTEED LEASE:

• 12 Years Remaining in the Current Lease Term

• 10% Rent Increase in Year 11 of the Initial Term

• Six (6) – Five (5) Year Option Periods at 10% Rental Increases

DOLLAR TREE GUARANTEE:

• Lease is Corporately Guaranteed by Dollar Tree, Inc.

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE | ZERO MANAGEMENT RESPONSIBILITIES:

• Absolute NNN with ZERO Management Responsibilities

• Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes

• Ideal, Management-Free Investment for an Out-of-State, Passive Investor

10% RENT INCREASE IN YEAR 11 OPTION PERIODS:

• Guaranteed 10% Rental Increase in Year 11 of Initial Lease Term

• In 2026 (7 Years) Cap Rate Increases to 7.15% (Assuming a Purchase at List Price)

LOCATION:

• Traffic Counts in Excess of 18,029 Vehicles Per Day

• Strategically Located on 11th St. (Highway 190) – The Major East/West Thoroughfare through the City of Huntsville

• National Retailers in the Area Include: McDonald’s, CVS, Walgreens, O’Reilly Auto Parts, AutoZone, Burger King, Starbucks, Taco Bell, Jack in the Box, Walmart, Buffalo Wild Wings, Chipotle, Kroger & Target

HUNTSVILLE, TEXAS:

• County Seat of Walker County

• Located in a Prime Area of the Interstate 45 Corridor (63,296 Vehicles Per Day)

• Sits Within the Texas Triangle – the Area of Texas Outlined by the Metropolitan Areas of Austin, Dallas-Fort Worth & Houston

• Current Development Projects in Huntsville Are Valued at Over $143.97 Million

LOCATED IN OPPORTUNITY ZONE:

• Subject Property is Located in an IRS Qualified Opportunity Zone

SAM HOUSTON STATE UNIVERSITY – 0.5 MILES FROM SUBJECT PROPERTY:

• Enrollment of Approximately 21,115 Students

• Founded in 1879 – 3rd Oldest Public College/University in Texas

• NCAA Division 1 School

• 12th Largest University in Texas

• 6,000 Employees

• 80 Undergraduate, 50 Master’s & 6 Doctoral Degree Programs

• Classified as a “Doctoral Research University” by The Carnegie Commission on Higher Education, Placing SHSU in the Top 7% of all US Colleges/Universities

• SHSU Has a Total Regional Impact of $570 Million

HUNTSVILLE STATE PARK – 10.6 MILES FROM SUBJECT PROPERTY:

• 2,100 Acres

• Activities Include: Camp, Hike, Bike, Picnic, Fish, Swim, Paddle

LAKE LIVINGSTON – 25 MILES FROM HUNTSVILLE:

• 2nd Largest Lake in Texas

• 39 Miles Long & 7 Miles Long at its Widest Point

• Offers Fishing, Camping, Power-Boating, Sailing, Water Skiing

PROXIMITY FROM HUNTSVILLE:

• College Station – 52 Miles

• Houston – 70 Miles

• Waco – 131 Miles

• Austin – 156 Miles

DEMOGRAPHICS:

• 1-Mile:
• 11,210 Residents
• $32,850 Average Household Income

• 3-Mile:
• 36,731 Residents
• $39,121 Average Household Income

• 5-Mile:
• 45,481 Residents
• $46,754 Average Household Income