LL Flooring - Lumber Liquidators

Highlights:

• 2 Years Remaining on Recently Exercised Option | Corporate Backed Lease
• Rare 2.75% Annual Increases
• Brand New Roof in 2020 | 10 Year Warranty In Place
• LL Flooring (Previously Known as Lumber Liquidators) is Publicly Traded | NYSE: LL
• Houston MSA | Located 20 Miles Southwest of Downtown Houston
• Stafford, TX has Zero City Property Taxes | Rare Low Cost of Occupancy for NN Tenant
• Dense Infill with Over 326,000 Residents within a 5-Mile Radius | Average Household Income in Excess of $69,000

Description:

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The City of Stafford has one of the most unique and intriguing stories of any municipality in Texas. A community, which was founded as a ranching plantation by William Stafford in the early 1820’s, was burned to the ground a decade-and-a-half later by Santa Anna’s Mexican Army and reconstructed to become a vibrant commercial center in the new state resulting in the final destination of the inaugural 20-mile rail line, the first railroad built in Texas.

Of significant pertinence to the enticement of commercial entities is the widely recognized fiscal prudence of the City. Couple this attribute with the zero property tax rate, the near elimination of general obligation debt and the expeditious regulatory process, and you have the main ingredients of what commercial interests are claiming is necessary for a well functioning business climate. As a direct result, Stafford has one of the strongest and most diverse economies per capita in the state. It has also gained an international reputation as a prime global location for the manufacture of valves – an outgrowth of our early embracing of the Freeport Tax Exemption which affords even greater financial advantage to these sophisticated manufacturers.

Stafford, TX is located 20 miles Southwest of Downtown Houston. Houston has not evolved into Texas' biggest City (and the largest in the South) by accident. Known as the Bayou City for its waterway system, Houston thrives because it is a great place to work and a great place to live. As a major corporate center. Houston is home to 23 Fortune 500 companies. Houston's infrastructure is also strengthened by three airports, which form the sixth-largest airport system in the world, and a massive trucking and rail system that links the southern, south central, midwestern and western United States. More than 600 trucking firms operate in Houston, and two major rail systems operate 14 mainline tracks radiating from Houston.