Phillips 66

• 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
• 5 mile population in excess of 186,915 residents
• Extremely strong average household income of $99,588
• Texas is an income tax-free state
• Nearby national tenants include Walmart, H-E-B, Whataburger, Chick-fil-A, Chase, Wells Fargo, Tractor Supply, Aldi, 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