1351 SHAPIRO DR Festus MO 63028-2371

McKelvey Properties in collaboration with SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, newly built, freestanding, Texas Roadhouse investment property located in Festus, MO (St. Louis MSA). The tenant, Texas Roadhouse, Inc., will be signing a brand new 15-year lease with 4 (5-year) options at the close of escrow, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (NASDAQ: TXRH) and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. With over a 100% increase in stock price throughout the last 5 years, Texas Roadhouse continues to see immaculate growth as the chain was ranked one of the most popular restaurants during the COVID-19 pandemic. The building, which is slated to open in December 2022, will feature a state-of-the-art design using the highest-quality materials available.

Texas Roadhouse is strategically located along Shapiro Drive and connects directly to Veterans Boulevard (24,200 VPD), a major thoroughfare providing direct access to a number of the city’s supporting tenants. The asset benefits from direct access onto Interstate 55 (30,300 VPD), a significant north-south, cross-country route that spans nearly 1,000 miles. The site is ideally situated within a dense retail corridor and is within proximity to Gannon Plaza (187K+ SF), Jefferson Center (210K+ SF), Crystal Center (407K+ SF), among many other shopping centers. In addition, Texas Roadhouse is part of a newly proposed planned-unit development which is set to house a KFC, Planet Fitness, Hampton Inn, Harbor Freight, and other tenants. The additional surrounding national/credit tenants include Lowe’s Home Improvement, The Home Depot, McDonald’s, Dunkin’, Walmart Supercenter, ALDI, and many others. The strong tenant synergy increases consumer draw to the immediate trade area, promotes crossover store exposure, and supports the local economy. Furthermore, Texas Roadhouse is near numerous single-family communities and muti-family complexes including The Villas (56 units), Oak Knoll Apartments (98 units), Festus Gardens (160 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 34,000 residents and 13,000 daytime employees, with a healthy average household income of $82,419.

• Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Brand

• Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities

• Dense Retail Corridor | Major Surrounding Shopping Centers | Strong Tenant Presence | Proposed Planned-Unit Development

• Located Along Shapiro Drive | Centralized Location | St. Louis MSA | 2022 Construction | Excellent Visibility & Access

• Direct Residential Consumer Base