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Fogo de Chao | Adjacent to Costco 222 W Grand Pky S 8,573 SF Retail Building Katy, TX 77494 $11,060,000 CAD ($1,290.10 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases
Interstate 10 (215,000+ VPD) | Excellent Visibility |Significant Street Frontage
Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area

NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
Adjacent To Costco Wholesale (150,000+ SF) | Retail Corridor |Strong National/Credit Tenant Presence

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, newly-renovated Fogo de Chao investment property located in Katy, Texas (Houston MSA). The tenant, Fogo de Chao Churrascaria (Katy) LLC, recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.