The subject property is a new CVS Drugstore located in the Tucsan Lakes neighborhood of League City (Houston suburb), Texas. Tuscan Lakes is a 870 acre mixed-use, master-planned community, the design of which showcases architectural elements of the Tuscany region of Italy, beautiful lakes, water features and resort-style amenities on over 150 acres of open space, and miles of green belts with walkways and jogging trails. Tuscan Lakes plans the development of over 1,850 single family home sites, including active adult living and 80 acres of multi-family dwellings on which an estimated 8,000 residents are expected to make a home. Surrounding retail includes Wal-Mart, Lowe’s, LA Fitness, Kroger, H.E.B. Grocery, Wells Fargo, Starbucks, Denny’s, Cold Stone Creamery, Domino’s and Shell Gas Station. League City is located near the Texas Gulf Coast, twenty miles southeast of Houston. The city is situated on the south shore of Clear Lake and directly on Interstate Highway 45 South (Gulf Freeway). Major sectors of the area’s economic base include aerospace (NASA), petrochemicals, health care, upscale commercial, boating and visitor attractions. The area is home to the third largest concentration of pleasure boats in the United States. Business location features in the League City area include a well educated and highly technical workforce, a convenient world-wide transportation network and a diverse and expanding economic base.

Tenant: CVS Caremark Corporation
CVS/pharmacy is the nation’s largest retail pharmacy chain, with approximately 6,200 stores across 40 states. With more than 40 years of dynamic growth in the retail pharmacy industry, CVS/pharmacy generates over 68% of its revenue from the pharmacy business and is committed to providing superior customer service - to being the easiest pharmacy retailer for customers to use. CVS/pharmacy fills more than one of every seven retail prescriptions in America, and one of every five in our own markets. What’s more, our ExtraCare program boasts over 50 million cardholders, making it the largest and most successful retail loyalty program in the country. CVS/pharmacy is making investments in new stores and technology to drive strong future growth - both organically and through acquisition. In 2005, we completed the successful integration of over 1,200 Eckerd drugstores, primarily in the higher growth Sunbelt markets of Florida and Texas. This year we completed another successful integration as 700 Sav-on and Osco drugstores, the bulk of which are in the population-rich southern California markets, all became CVS/pharmacy stores. These acquisitions, combined with our organic growth of between 3% and 4% per year, are the fuel that will propel CVS/pharmacy’s growth in the future.