Built for net lease investing.

Every deal you see and every property you own, on one record.

Book a Demo

Lamar Pharmacy Pad

5405 N Lamar Blvd, Austin, TX 78751

Pass

Price

$7.4M

OM, Page 1

Cap Rate

5.91%

OM, Page 1

Tenant

Walgreens

OM, Page 1

Years Left

11.6 years

OM, Page 1

Buy Box

Meets all 9 rules

Cap rate of 5.91% clears your 5.5% floor.

Asking price of $7.4M is within your $2.0M to $15.0M target.

DSCR of 1.36x clears your 1.25x floor.

Rent roll includes Walgreens, matching your target tenants.

Located in Austin, TX, which matches your target geographies.

Lease structure (Absolute NNN) is one of your allowed lease structures.

+3 more

Ashby Net Lease Advisors · 2h ago

Approve

Deny

Lamar Pharmacy Pad

5405 N Lamar Blvd, Austin, TX 78751

Pass

Price

$7.4M

OM, Page 1

Cap Rate

5.91%

OM, Page 1

Tenant

Walgreens

OM, Page 1

Years Left

11.6 years

OM, Page 1

Buy Box

Meets all 9 rules

Cap rate of 5.91% clears your 5.5% floor.

Asking price of $7.4M is within your $2.0M to $15.0M target.

DSCR of 1.36x clears your 1.25x floor.

+6 more

Ashby Net Lease Advisors · 2h ago

Approve

Deny

Lamar Pharmacy Pad

5405 N Lamar Blvd, Austin, TX 78751

Pass

Price

$7.4M

OM, Page 1

Cap Rate

5.91%

OM, Page 1

Tenant

Walgreens

OM, Page 1

Years Left

11.6 years

OM, Page 1

Buy Box

Meets all 9 rules

Cap rate of 5.91% clears your 5.5% floor.

Asking price of $7.4M is within your $2.0M to $15.0M target.

DSCR of 1.36x clears your 1.25x floor.

Rent roll includes Walgreens, matching your target tenants.

Located in Austin, TX, which matches your target geographies.

Lease structure (Absolute NNN) is one of your allowed lease structures.

+3 more

Ashby Net Lease Advisors · 2h ago

Approve

Deny

Every deal your brokers send, screened the moment it lands.

Every deal your brokers send, screened the moment it lands.

Rets reads each deal as it arrives and scores it against your buy box, with the reason for every verdict.

Inbox

Monitoring deals@halden.co

Lamar Pharmacy Pad

Pass

Austin, TX · $7.4M · 5.91% cap

Meets all 9 rules

O’Reilly Auto Parts

Incomplete

Buda, TX · $2.9M · 6.40% cap

Needs Lease Term Remaining

Dollar General

Fail

Bastrop, TX · $2.4M · 5.12% cap

Cap rate of 5.12% is below your 5.5% floor, 38 bps short

Tractor Supply

Pass

Waco, TX · $4.1M · 6.10% cap

Meets all 9 rules

Inbox

Monitoring deals@halden.co

Lamar Pharmacy Pad

Pass

Austin, TX · $7.4M · 5.91% cap

Meets all 9 rules

O’Reilly Auto Parts

Incomplete

Buda, TX · $2.9M · 6.40% cap

Needs Lease Term Remaining

Dollar General

Fail

Bastrop, TX · $2.4M · 5.12% cap

Cap rate of 5.12% is below your 5.5% floor, 38 bps short

Tractor Supply

Pass

Waco, TX · $4.1M · 6.10% cap

Meets all 9 rules

Inbox

Monitoring deals@halden.co

Lamar Pharmacy Pad

Pass

Austin, TX · $7.4M · 5.91% cap

Meets all 9 rules

O’Reilly Auto Parts

Incomplete

Buda, TX · $2.9M · 6.40% cap

Needs Lease Term Remaining

Dollar General

Fail

Bastrop, TX · $2.4M · 5.12% cap

Cap rate of 5.12% is below your 5.5% floor, 38 bps short

Tractor Supply

Pass

Waco, TX · $4.1M · 6.10% cap

Meets all 9 rules

Underwriting that starts from the lease.

Underwriting that starts from the lease.

Returns, debt and cash flow built from the OM and lease, with every input tied to its page.

Underwriting

Lamar Pharmacy Pad · Walgreens · Absolute NNN

Saved automatically

Levered IRR

4.5%

Misses the 8% hurdle by 3.5 pts

Equity Multiple

1.47x

3.4% year-one cash-on-cash

DSCR

1.36x

10.7% debt yield

Max Bid

$5.9M

80% of ask at the 8% hurdle

Annual Cash Flow

Line Item

Year 6

2032

Year 7

2033

Year 8

2034

Net Operating Income

$437,000

$462,492

$480,700

Debt Service

($322,183)

($322,183)

($322,183)

Levered Cash Flow

$114,817

$140,309

$158,517

Rent from Lamar-Lease.pdf, page 4 · Price from the OM, page 1

Underwriting

Lamar Pharmacy Pad · Walgreens · Absolute NNN

Levered IRR

4.5%

Misses the 8% hurdle by 3.5 pts

Equity Multiple

1.47x

3.4% year-one cash-on-cash

DSCR

1.36x

10.7% debt yield

Max Bid

$5.9M

80% of ask at the 8% hurdle

Annual Cash Flow

Line Item

Year 6

2032

Year 7

2033

Net Operating Income

$437,000

$462,492

Debt Service

($322,183)

($322,183)

Levered Cash Flow

$114,817

$140,309

Rent from Lamar-Lease.pdf, page 4 · Price from the OM, page 1

Underwriting

Lamar Pharmacy Pad · Walgreens · Absolute NNN

Saved automatically

Levered IRR

4.5%

Misses the 8% hurdle by 3.5 pts

Equity Multiple

1.47x

3.4% year-one cash-on-cash

DSCR

1.36x

10.7% debt yield

Max Bid

$5.9M

80% of ask at the 8% hurdle

Annual Cash Flow

Line Item

Year 6

2032

Year 7

2033

Year 8

2034

Net Operating Income

$437,000

$462,492

$480,700

Debt Service

($322,183)

($322,183)

($322,183)

Levered Cash Flow

$114,817

$140,309

$158,517

Rent from Lamar-Lease.pdf, page 4 · Price from the OM, page 1

LOIs drafted from the deal record.

LOIs drafted from the deal record.

Your template, filled with the deal’s terms, with every round of markup kept.

Draft

2 to Fill

Send to Broker

Download

HALDEN STREET CAPITAL

October 3, 2026

Claire Hollis · Ashby Net Lease Advisors

Re: Lamar Pharmacy Pad, 5405 N Lamar Blvd, Austin, TX 78751

Buyer: Halden Street Capital, LLC. Seller: [SELLER ENTITY].

1. PURCHASE PRICE. $5,920,000, payable in cash at Closing.

2. EARNEST MONEY. Within three (3) business days after the Effective Date, Buyer will deposit $118,400 with [TITLE COMPANY].

3. DUE DILIGENCE. Buyer shall have thirty (30) days after the Effective Date to review the lease, title and survey.

4. CLOSING. Closing shall occur on or before December 15, 2026.

Draft

2 to Fill

Send to Broker

Download

HALDEN STREET CAPITAL

October 3, 2026

Claire Hollis · Ashby Net Lease Advisors

Re: Lamar Pharmacy Pad, 5405 N Lamar Blvd, Austin, TX 78751

Buyer: Halden Street Capital, LLC. Seller: [SELLER ENTITY].

1. PURCHASE PRICE. $5,920,000, payable in cash at Closing.

2. EARNEST MONEY. Within three (3) business days after the Effective Date, Buyer will deposit $118,400 with [TITLE COMPANY].

3. DUE DILIGENCE. Buyer shall have thirty (30) days after the Effective Date to review the lease, title and survey.

4. CLOSING. Closing shall occur on or before December 15, 2026.

Draft

2 to Fill

Send to Broker

Download

HALDEN STREET CAPITAL

October 3, 2026

Claire Hollis · Ashby Net Lease Advisors

Re: Lamar Pharmacy Pad, 5405 N Lamar Blvd, Austin, TX 78751

Buyer: Halden Street Capital, LLC. Seller: [SELLER ENTITY].

1. PURCHASE PRICE. $5,920,000, payable in cash at Closing.

2. EARNEST MONEY. Within three (3) business days after the Effective Date, Buyer will deposit $118,400 with [TITLE COMPANY].

3. DUE DILIGENCE. Buyer shall have thirty (30) days after the Effective Date to review the lease, title and survey.

4. CLOSING. Closing shall occur on or before December 15, 2026.

Every property you own, in one view.

Every property you own, in one view.

NAV, rent, NOI and DSCR across your portfolio, kept current as leases and loans change.

Asset Management

As of Oct 3, 2026

Implied NAV

$16.4M

5 of 5 properties marked

Annual Rent

$2,160,000

8 of 8 leases state a rent

NOI

$2,080,000

5 of 5 from accepted statements, the rest from contract

DSCR

1.34x

Across 5 of 5 levered properties

Income vs Debt Service

5 of 5 from accepted statements.

Property

Tenant

NOI

DSCR

Next Maturity

Bandera Road Fitness

Crunch Fitness +3

$418,000

1.29x

Jun 1, 2027

Perimeter Park Last-Mile

FedEx Ground

$866,000

1.40x

Sep 1, 2031

Georgetown Starbucks

Starbucks

$363,000

1.31x

Mar 1, 2030

Kyle Tractor Supply

Tractor Supply

$291,000

1.33x

Dec 1, 2032

Culebra Dollar Store

Dollar General

$142,000

1.27x

Feb 1, 2029

Asset Management

Implied NAV

$16.4M

Annual Rent

$2,160,000

NOI

$2,080,000

DSCR

1.34x

Income vs Debt Service

5 of 5 from accepted statements.

Property

DSCR

Bandera Road Fitness

1.29x

Perimeter Park Last-Mile

1.40x

Georgetown Starbucks

1.31x

Asset Management

As of Oct 3, 2026

Implied NAV

$16.4M

5 of 5 properties marked

Annual Rent

$2,160,000

8 of 8 leases state a rent

NOI

$2,080,000

5 of 5 from accepted statements, the rest from contract

DSCR

1.34x

Across 5 of 5 levered properties

Income vs Debt Service

5 of 5 from accepted statements.

Property

Tenant

NOI

DSCR

Next Maturity

Bandera Road Fitness

Crunch Fitness +3

$418,000

1.29x

Jun 1, 2027

Perimeter Park Last-Mile

FedEx Ground

$866,000

1.40x

Sep 1, 2031

Georgetown Starbucks

Starbucks

$363,000

1.31x

Mar 1, 2030

Kyle Tractor Supply

Tractor Supply

$291,000

1.33x

Dec 1, 2032

Culebra Dollar Store

Dollar General

$142,000

1.27x

Feb 1, 2029

Every lease figure cited to the clause.

Every lease figure cited to the clause.

Rent steps, options and dates abstracted from each lease, with the clause behind every figure.

Rent and Term

Lamar Pharmacy Pad · Walgreens · Absolute NNN · Lamar-Lease.pdf + Amendment 1

Years 1–10

Jun 2013 – May 2023

$397,300

Stated

Years 11–20

Jun 2023 – May 2033

$437,000

+10%

Stated

Years 21–25

Jun 2033 – May 2038

$480,700

+10%

Stated

Schedule as stated in the lease documents.

Annual Base Rent

Page 4

Precise source match

(b) Commencing June 1, 2033, Annual Base Rent shall increase by ten percent (10%) to Four Hundred Eighty Thousand Seven Hundred Dollars ($480,700) per year.

Lamar-Lease.pdf

Open Full Document

Rent and Term

Lamar Pharmacy Pad · Walgreens · Absolute NNN · Lamar-Lease.pdf + Amendment 1

Years 11–20

Jun 2023 – May 2033

$437,000

+10%

Stated

Years 21–25

Jun 2033 – May 2038

$480,700

+10%

Stated

Annual Base Rent

Page 4

Precise source match

(b) Commencing June 1, 2033, Annual Base Rent shall increase by ten percent (10%) to Four Hundred Eighty Thousand Seven Hundred Dollars ($480,700) per year.

Lamar-Lease.pdf

Open Full Document

Rent and Term

Lamar Pharmacy Pad · Walgreens · Absolute NNN · Lamar-Lease.pdf + Amendment 1

Years 1–10

Jun 2013 – May 2023

$397,300

Stated

Years 11–20

Jun 2023 – May 2033

$437,000

+10%

Stated

Years 21–25

Jun 2033 – May 2038

$480,700

+10%

Stated

Schedule as stated in the lease documents.

Annual Base Rent

Page 4

Precise source match

(b) Commencing June 1, 2033, Annual Base Rent shall increase by ten percent (10%) to Four Hundred Eighty Thousand Seven Hundred Dollars ($480,700) per year.

Lamar-Lease.pdf

Open Full Document

Ask anything about your deals and portfolio.

Ask anything about your deals and portfolio.

Answers come from your own leases and documents, with the page each one came from.

When does the rent step next at Lamar Pharmacy Pad?

Searched Documents · 3 Searches · 4 Pages

June 1, 2033. Base rent steps 10% to $480,700 a year, or $32.44 per square foot. 1 The first of four 5-year renewal options starts June 1, 2038. 2

2 Sources

Lamar-Lease.pdf

· p.4

“Commencing June 1, 2033, Annual Base Rent shall increase by ten percent (10%) to Four Hundred Eighty Thousand Seven Hundred Dollars ($480,700) per year.”

Lamar-Amendment-1.pdf

· p.2

“Tenant shall have four (4) successive options to extend the Term for five (5) years each, the first commencing June 1, 2038.”

When does the rent step next at Lamar Pharmacy Pad?

Searched Documents · 3 Searches · 4 Pages

June 1, 2033. Base rent steps 10% to $480,700 a year, or $32.44 per square foot. 1 The first of four 5-year renewal options starts June 1, 2038. 2

2 Sources

Lamar-Lease.pdf

· p.4

“Commencing June 1, 2033, Annual Base Rent shall increase by ten percent (10%) to Four Hundred Eighty Thousand Seven Hundred Dollars ($480,700) per year.”

Lamar-Amendment-1.pdf

· p.2

“Tenant shall have four (4) successive options to extend the Term for five (5) years each, the first commencing June 1, 2038.”

When does the rent step next at Lamar Pharmacy Pad?

Searched Documents · 3 Searches · 4 Pages

June 1, 2033. Base rent steps 10% to $480,700 a year, or $32.44 per square foot. 1 The first of four 5-year renewal options starts June 1, 2038. 2

2 Sources

Lamar-Lease.pdf

· p.4

“Commencing June 1, 2033, Annual Base Rent shall increase by ten percent (10%) to Four Hundred Eighty Thousand Seven Hundred Dollars ($480,700) per year.”

Lamar-Amendment-1.pdf

· p.2

“Tenant shall have four (4) successive options to extend the Term for five (5) years each, the first commencing June 1, 2038.”

Your data, connected.

Your data, connected.

Rets reads your documents and your deal inbox, then adds public data about each site.

Firm documents icon

Your firm’s documents

OMs, leases and rent rolls

Gmail logo

Gmail

Your deal inbox

Outlook / Microsoft 365 logo

Outlook / Microsoft 365

Your deal inbox

Forwarded broker emails icon

Forwarded broker emails

Offerings your team forwards

Census demographics icon

U.S. Census (ACS)

Demographics around the site

Flood zone icon

FEMA flood maps

Flood zone for the site

Traffic counts icon

State DOT traffic counts

Live in 18 states

Employment icon

BLS employment

Local jobs and unemployment

Crime data icon

FBI crime data

Crime rates for the area

County parcels icon

County parcel and assessor layers

Parcel and assessor records

Google Places logo

Google Places

Nearby retail and anchors

Public web research icon

Public web and news research

Tenant and market research

Public-record sale comps icon

Public-record sale comps

Select markets

Firm comps icon

Your firm’s own comps

Built from every OM you receive

Built around how your firm works.

Built around how your firm works.

Your rules, templates and team are set once, then used on every deal.

Buy box

Buy box

Buy Box

Pass

Cap rate of 5.91% clears your 5.5% floor.

Asking price of $7.4M is within your $2.0M to $15.0M target.

DSCR of 1.36x clears your 1.25x floor.

+6 more

Your rules score every deal, and each verdict shows the rules it passed and failed.

LOI templates

LOI templates

Templates

2 templates

Halden Street LOI

Usual

14 fields · Sep 12

Ready

Portfolio LOI

11 fields · Aug 28

Draft

Every LOI starts from your template, with the deal’s figures filled in.

Agents

Agents

Trigger

Deal Screened

Condition

Cap Rate at least 7%

Action

Approve

AI

Draft LOI

Pick a trigger, a condition and the actions: draft the LOI, approve or deny, or run research.

Roles and permissions

Roles and permissions

Members

3

MC

Maya Chen

maya@halden.co

Admin

DO

Daniel Ortiz

dan@halden.co

Member

PS

Priya Shah

priya@halden.co

Member

Admins manage the firm’s settings. Members work the deals.

Field history

Field history

Renewal Options

Walgreens

L

Base Lease, 2013

Three 5-year options

A1

Amendment 1, 2019

Governs

Four 5-year options

Every figure shows what each document did to it, and which one governs.

Guided onboarding

Guided onboarding

Getting Started

2 of 5 Done

Connect Your Email

Set Your Buy Box

3

Watch a Buy Box

4

See Your First Deal

5

Invite Your Team

A walkthrough for your team, and your book imported by the Rets team.

Enterprise-ready from day one.

Visit our Trust Center

SOC 2

SOC 2 I

See details

AES-256 at rest

TLS 1.2+ in transit

Enterprise-ready from day one.

Visit our Trust Center

SOC 2

SOC 2 I

AES-256 at rest

TLS 1.2+ in transit

Enterprise-ready from day one.

Visit our Trust Center

SOC 2

SOC 2 I

See details

AES-256 at rest

TLS 1.2+ in transit

Adam Ibrahim

“Rets AI is the functional layer of AI in real estate. It takes the cost and error out of the work that defines due diligence and risk.”

Adam IbrahimManaging PrincipalCandor Capital

“Rets AI is the functional layer of AI in real estate. It takes the cost and error out of the work that defines due diligence and risk.”

Adam Ibrahim
Adam IbrahimManaging Principal, Candor Capital
Adam Ibrahim

“Rets AI is the functional layer of AI in real estate. It takes the cost and error out of the work that defines due diligence and risk.”

Adam IbrahimManaging PrincipalCandor Capital