The subject property is the investment in the land under a Wachovia Bank located in the Riverstone neighborhood of Missouri City, Texas. Wells Fargo Bank (S & P Credit Rating: AA+) acquired Wachovia Bank on December 31, 2008. The tenant has constructed all improvements and retains ownership of their building. At the termination of the lease, all improvements revert to the landowner. Retailers in the immediate area include Wal Mart, Target, Kohl’s Department Store, LA Fitness, Hobby Lobby, Office Depot, Bed Bath & Beyond, PetSmart, Ross, Palais Royal, Famous Footwear, Dress Barn, Compass Bank, Chili’s, Johnny Carino’s, Schlotzsky’s Deli, Spec’s Liquor and many more. Riverstone is located just southwest of Houston, Texas in the heart of thriving Fort Bend County. Riverstone is an affluent 3,700 acre master-planned community planned for over 6,000 homes and 18,000 residents. Designed around 250 acres of lakes, water features and resort-style amenities on over 500 acres of green space and parkland. Riverstone residents enjoy panoramic lake views from a poolside deck along with tennis courts, a fishing pier, exercise parks, playgrounds and more than 24 miles of nature friendly walkways and jogging trails The area is forested with large pecan trees and hardwoods and it includes 2 miles of frontage along the Brazos River. Daily traffic counts along Highway 6 are approximately 61,000 plus.

Tenant: Wells Fargo & Co.
Wachovia Corp. previously the nation’s fourth largest bank holding company and third largest full-service retail brokerage firm was acquired by San Francisco based Wells Fargo in December 31, 2008 for $12.86 billion. This acquisition created North America’s most extensive financial services system with 11,000 stores, 12, 260 ATMs, 48 million customers and $787 billion in deposits. The Company provides commercial and retail banking and trust services, as well as financial services, including mortgage banking, investment banking, investment advisory, home equity lending, asset-based lending, leasing, insurance, international and securities brokerage services, through other subsidiaries. The combined company will be #1 in deposit market share in 17 of 39 states.