Generation Park Target Distribution Center

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee-simple interest in Generation Park Target Distribution Center (the “Property”). This newly constructed, state-of-the-art distribution facility totals 1,395,410 square feet and is located in Northeast Houston’s premier master-planned business park, Generation Park. The Property delivered in 2024 and is 100% leased to Target Corporation (NYSE: TGT) (the “Tenant”). The tenant is on a long-term, triple net lease with 2.25% annual rental escalations with three (3), five (5)-year Fair Market Value renewal options. Target Corporation is in the process of designing and permitting their build-out with a capital investment of $44 million thus far, proving their commitment to the Property. Additional pending capital investment is estimated to be approximately $17 million, not including $225 million in material handling equipment and racking.