The subject property is the investment in the land under KFC - Taco Bell co-branded restaurant located in the wealthy Houston suburb of Pearland, Texas. The surrounding area has a huge concentration of new retail, developed over the past 2-3 years, with superior visibility and access. The property is located across the street from the Silverlake Village Shopping Center (SuperTarget, Kohl’s, Ross Dress For Less, Marshall’s, Linens ‘n Things, Pier 1 Imports, Randalls, Circuit City, Petsmart, Michaels, Office Depot, and Cinemark Theaters), the Crossings Shopping Center (Wal-Mart Supercenter, JC Penney, Home Depot, Bed Bath & Beyond, Best Buy, TGI Friday’s, Olive Garden, Chick-fil-A, and Sonic Drive-In), Pearland Fitness Center (24 Hour Fitness, Tutor Time, Advance Auto Parts, Whitney Bank, TCBY, Pearland Super Buffet, Planet Beach, and On the Run), and is adjacent to a Wells Fargo Bank Branch. Across Highway 288 is the Pearland Town Center (Dillard’s, Macy’s, Barnes & Noble, 300,00 sq ft of speciality shops & restaurants, residential space, office space, hotels, and exciting entertainment venues) and Shadow Creek Ranch (a master-planned community offering several schools, hospitals, churches, day cares, all forms of housing from single-family, multi-family, and senior living. There are approximately 8,000 home sites in this development that range in price from $140,000 to more than $750,000). Traffic generators in the area also include HEB Grocery, Academy Sports + Outdoors, Hobby Lobby, Ashley Furniture, and Memorial Herman Hospital. FM 518 is a major east-west thoroughfare intersecting Pearland, Friendswood, and Interstate 45. Approximately 43,000 vehicles pass this intersection daily, providing commuters with a much needed access to Beltway 8, Houston’s second outer loop. Pearland is the perfect blend of big-city appeal and small-city living. Major employers include Texas Medical Center (the world’s largest medical center with over 65,300 employees) and NASA’s Johnson Space Center. Pearland was recently ranked by Forbes (July 2007) as one of the fastest growing suburbs of Houston and 34th in the nation.

Tenant: KFC of America, Inc.
KFC Corporation, based in Louisville, Kentucky, is the world’s most popular chicken restaurant chain, specializing in Original Recipe®, Extra Crispy™, Twister® and Colonel’s Crispy Strips® chicken with homestyle sides. Every day, nearly eight million customers are served around the world. KFC’s menu includes Original Recipe® chicken -- made with the same great taste Colonel Harland Sanders created more than a half-century ago. Customers around the globe also enjoy more than 300 other products -- from a Chunky Chicken Pot Pie in the United States to a salmon sandwich in Japan. KFC has more than 11,000 restaurants in more than 80 countries and territories around the world. And in quite a few U.S. cities, KFC is teaming up with sister restaurants, A&W, All-American Food™, Long John Silver’s, Taco Bell and Pizza Hut, selling products from the popular chains in one convenient location.