Shell

• New 30-year lease, begins 11/1/2026
• Absolute NNN lease with zero landlord responsibilities
• Attractive 2% annual rent increases
• Subject property qualifies for bonus depreciation (consult your CPA for confirmation)
• Houston is the #1 fastest growing MSA in the United States and the 4th largest city by population
• Katy is a high income suburb of Houston with the average household income being in excess of $119,784 annually
• Extremely strong 7.61% population growth over the past 5 years and 6.49% population growth expected over the next 5 years
• Texas is an income tax-free state
• Nearby national tenants include Walgreens, CVS, AutoZone, Walmart, Target, Wendy’s, Kroger, Dunkin’, O’Reilly Auto Parts, and many more
• Q&S Enterprises operates 32 locations across Texas, Oklahoma, Iowa, and Utah which is an increase from 15 locations at the beginning of 2026 and expect to operate over 40 by EOY
• Q&S Enterprises is also a multi-unit Golden Chick and Church’s Chicken franchisee
• Q&S Enterprises has no corporate debt allowing financial flexibility to continue expansion