Current Tenant & Lease Structure

Tenant – United Shutdown Safety, LLC

“United Safety is a leader of industrial safety services, exploration & drilling safety services, and integrated risk management services. During 30 years of existence, United Safety has worked with most of the largest E&P players globally.

With headquarters and centralized equipment hub in Houston, and strategic locations across the USA, United Safety USA has been serving customers in multiple regions such as the Eagle Ford, Permian Basin and Bakken since 2010. ” – Taken from www.unitedsafety.net/us

Term Remaining – 41 Months, Term expires on December 31, 2021

Rate – Current Base Rent is $11,330 per month through December 2018 with 3% increases every year thereafter.

Lease Structure – Lease is structured on a NNN basis; where Landlord is responsible for roof, slab, exterior walls, and structural components of building as well as HVAC. Tenant provides replacement insurance coverage on the property. Tenant reimburses Landlord monthly for taxes and common area maintenance and is responsible for all other maintenance items directly.

Renewal Options - Tenant has an option to renew for 1 additional term, for an additional 5 years at $13,540 per month.