Corporate Village - Lewisville, TX by STRIVE

CORPORATE VILLAGE LEWISVILLE, TX (DALLAS MSA)

PRICING & FINANCIAL ANALYSIS

CO R P O R AT E V ILLAG E

Corporate Village 101 E Corporate Dr Lewisville, TX 75067

OFFERING SUMMARY Price Cap Rate Net Operating Income Price PSF Occupancy Year Built Gross Leasable Area Lot Size

$4,500,000 7.54% $339,420 $139.85 89.9% 1984 32,177 SF 3.19 Acres

F I N A N C I A L A N A LY S I S

PRICING & FINANCIAL ANALYSIS

CO R P O R AT E V ILLAG E

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space

CURRENT 100%

GROSS POTENTIAL RENT

PSF

$64,523

$2.01

$11,175

$0.35

$18,000

$0.56

Electricity

$5,962

$0.19

Water

$7,481

$0.23

Trash Removal

$5,721

$0.18

Landscaping/Cleaning

$6,495

$0.20

$43,659

$1.36

$19,116

$0.59

$138,473

$4.30

Real Estate Taxes

$359,862

$11.18

Insurance CAM

$37,214

$1.16

Management Fee Recoveries

$16,294

$0.51

$9,525

$0.30

Real Estate Tax Recoveries

$54,998

$1.71

Total Expense Reimbursements

$118,032

$3.67

$477,894

$14.85

Insurance Recoveries

EFFECTIVE GROSS REVENUE Operating Expenses

Maintenance & Repair

Total CAM Management Fee

Total CAM

$43,659

$1.36

$19,116

$0.59

$11,175

$0.35

Total Real Estate Taxes

$64,523

$2.01

Total Recoverable Expenses

$138,473

$4.30

$339,420

$10.55

Net Operating Income

PSF

$11.18

CAM Recoveries

Total Insurance

CURRENT

$359,862

Expense Reimbursements

Management Fee

EXPENSES

4.00%

Total Expenses

4.00%

F I N A N C I A L A N A LY S I S

RE NT RO L L

Tenant

CO R P O R AT E V ILLAG E

Suite

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

One Stop Food Store

110

2,647

8.23%

07/09

06/19

$42,204

$3,517

$15.94

$11,391

$4.30

$53,595

11.21%

Dental Office

120

2,000

6.22%

11/10

10/20

$24,108

$2,009

$12.05

$8,607

$4.30

$32,715

6.85%

Available

130

2,100

6.53%

$0.00

0.00%

Denton Cty MHMR

140

1,750

5.44%

02/10

12/18

$21,000

$1,750

$12.00

$7,531

$4.30

$28,531

5.97%

Denton Cty MHMR

150

6,100

18.96%

02/10

12/18

$73,200

$6,100

$12.00

$26,251

$4.30

$99,451

20.81%

Denton Cty MHMR

180

6,400

19.89%

02/10

12/18

$76,800

$6,400

$12.00

$27,542

$4.30

$104,342

21.83%

State Farm Insurance

200A

1,350

4.20%

12/18

11/21

$17,550

$1,463

$13.00

$5,810

$4.30

$23,360

4.89%

Blessing Health Care

210

1,450

4.51%

10/10

12/21

$17,400

$1,450

$12.00

$6,240

$4.30

$23,640

4.95%

First Stop Pharmacy

220

1,500

4.66%

07/14

MTM

$14,400

$1,200

$9.60

$0.00

$14,400

3.01%

Hat Tricks Bar & Grill

300

5,730

17.81%

01/09

12/19

$73,200

$6,100

$12.77

$24,659

$4.30

$97,859

20.48%

200B

1,150

3.57%

$0.00

0.00%

Total Count/GLA

32,177

100%

$359,862

$29,989

$477,894

100.00%

Occupied

28,927

89.9%

Available

3,250

10.1%

$12.36

23,197

100.0%

Available

Total Avg Rent

$118,032

F I N A N C I A L A N A LY S I S

ESTIMATED REIMBURSEMENT REVENUE Tenant

Suite

SQ FT

CO R P O R AT E V ILLAG E

% of SQFT

CAM

Management Fee

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

One Stop Food Store

110

2,647

8.23%

$299

$1.36

$131

$0.59

$77

$0.35

$442

$2.01

$949

$4.30

Dental Office

120

2,000

6.22%

$226

$1.36

$99

$0.59

$58

$0.35

$334

$2.01

$717

$4.30

Available

130

2,100

6.53%

$0.00

Denton Cty MHMR

140

1,750

5.44%

$198

$1.36

$87

$0.59

$51

$0.35

$292

$2.01

$628

$4.30

Denton Cty MHMR

150

6,100

18.96%

$690

$1.36

$302

$0.59

$177

$0.35

$1,019

$2.01

$2,188

$4.30

Denton Cty MHMR

180

6,400

19.89%

$724

$1.36

$317

$0.59

$185

$0.35

$1,069

$2.01

$2,295

$4.30

State Farm Insurance

200A

1,350

4.20%

$153

$1.36

$67

$0.59

$39

$0.35

$226

$2.01

$484

$4.30

Blessing Health Care

210

1,450

4.51%

$164

$1.36

$72

$0.59

$42

$0.35

$242

$2.01

$520

$4.30

First Stop Pharmacy

220

1,500

4.66%

$0.00

Hat Tricks Bar & Grill

300

5,730

17.81%

$648

$1.36

$284

$0.59

$166

$0.35

$958

$2.01

$2,055

$4.30

200B

1,150

3.57%

$0.00

32,177

100%

$2,949

Available TOTALS

$1,226

$755

$4,358

$9,287

F I N A N C I A L A N A LY S I S

LEASE PROVISIONS

Tenant

CO R P O R AT E V ILLAG E

Suite

Base Rental Increases

SQ FT

Sales Reporting

Renewal Options

Date

PSF

Options

Date

PSF

One Stop Food Store

110

2,647

Dental Office

120

2,000

11/1/2019

$13.06

1x5

11/1/2020

FMV

Available

130

2,100

Denton Cty MHMR

140

1,750

1 x3

1/1/2019

FMV

Denton Cty MHMR

150

6,100

2 x3

1/1/2019

FMV

Denton Cty MHMR

180

6,400

3 x3

1/1/2019

FMV

State Farm Insurance

200A

1,350

Blessing Health Care

210

1,450

1x3

1/1/2022

FMV

Yes

First Stop Pharmacy

220

1,500

2x2

7/1/2018 7/1/2020

$9.60 $10.40

Hat Tricks Bar & Grill

300

5,730

Yes

200B

1,150

Available TOTAL

32,177

F I N A N C I A L A N A LY S I S

TE NA NT INF ORMAT I ON

CO R P O R AT E V ILLAG E

DBA

Denton County MHMR

Entity on Lease

Denton County MHMR Center

Corporate/Franchise

Corporate

Locations

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Denton County MHMR Center is a local non-profit community center specializing in the treatment of and service delivery to individuals in Denton County with a mental health diagnosis or a developmental disability diagnosis.

DBA

First Stop Pharmacy

Entity on Lease

Meknell Inc.

Corporate/Franchise

Corporate

Locations

Credit Rating

Not Rated

Public/Private

Private

Line of Business

First Stop Pharmacy aims to assist its customers in their goal to live health. To enhance the wellness of its community, First Stop Pharmacy utilizes personal and engaging pharmacy practices that provide its customers with the best products, services and guidance to meet their individual needs.

DBA

Hat Tricks Bar & Grill

Entity on Lease

JDT Enterprises, LLC

Corporate/Franchise

Franchise

Locations

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Hat Tricks Bar & Grill is a live music and sports-watching venue that has quickly become one of the premier places in North Texas for all things Red Dirt and beyond. With renowned national and regional acts and Lewisvilleâ&#x20AC;&#x2122;s largest HD television screens, Hat Tricks Bar & Grill caters to both music aficionados and sports fans.

PROPERTY DESCRIPTION

I N VE S TMENT HI GHLI GHT S

CO R P O R AT E V ILLAG E

• Stabilized Asset with Value-Add Opportunity: The Property is currently 89.9% occupied, providing investors with a stable current cash flow while offering substantial upside through the lease-up of the remaining 3,250 square feet of available space. • Long Term Tenancy: The Corporate Village tenant base has demonstrated outstanding longevity as 88% of the current tenant lineup has occupied the Property for more than eight years. • Above Average Demographics: Located within a high-density area of Lewisville, Corporate Village benefits from strong demographics with high growth expected over the next several years. Within a three- mile radius of the Property, residency grew 13.66% in the last eight years and is expected to grow an additional 12.5% in the next five years. Furthermore, the average household income within a three mile radius is $91,157 and an impressive $107,383 within a five mile radius. • Outstanding Traffic Counts: Corporate Village is positioned at the Northwest corner of Texas State Highway 121 and Corporate Drive, where it benefits from an outstanding traffic count of 44,570 cars per day. • Ease of Access: The property demonstrates easy access with one point of entry from Texas State Highway 121, and two points of entry from Corporate Drive. The Ease of Access, coupled with High Traffic Counts, allows the property to benefit from ample activity.

PROPERTY DESCRIPTION

S I T E PL A N

CO R P O R AT E V ILLAG E

PROPERTY DESCRIPTION

A E R I AL MA P

CO R P O R AT E V ILLAG E

D VP 66 1,9 18

9,270 VPD

49,530 VPD MUSIC CITY MALL LEWSIVILLE

PROPERTY DESCRIPTION

L E A SE COMPA RABLES

Property Corporate Village ï&#x201A;« 101 E Corporate Dr. Lewisville, TX

CO R P O R AT E V ILLAG E

GLA

Yr Built/ Renovated Occupancy

Major Tenants

Available SF

Rental Rates

NNN

32,177

1984

89.9%

Denton County MHMR, Blessing Healthcare, First Stop Pharmacy, Hat Tricks Bar and Grill

3,250

$12.00 - $16.00

$4.30

2154 S State Highway 121 Lewisville, TX 75067

9,312

2000

100.0%

Pizza Hut, Wing Street, Farmers Insurance

$12.00 - $17.00

$4.50

Continental Plaza 2 1955 S State Highway 121 Lewisville, TX

12,000

2011

100.0%

Priscilla McCall's, Armaan Exclusive Corp, Fruteria El Jacalito

$18.00 - $22.00

$4.40

1640 S State Highway 121 Lewisville, TX 75067

10,395

2004

100.0%

Little Caesars, Glaze Nails, Cigarettes for Less

$17.00-$20.00

$4.25

74,837

1996

91.5%

Pier 1 Imports, Mcallister's Deli, HobbyTown USA

26,475

$15.00-$24.00

$4.82

Shops at Vista Ridge 4 500 E FM 3040 Lewisville, TX 75067

PROPERTY DESCRIPTION

L E A SE COMPA RABLES

CO R P O R AT E V ILLAG E

Corporate Village 1

2154 S State Highway 121

Continental Plaza

Highway 121 Retail

Shops at Vista Ridge

5 6

PROPERTY DESCRIPTION

380

DECATUR

LO C AL MA P

380

DENTON

CO R P O R ATMCKINNEY E V ILLAG E

35W

287

ALLEN 121

35E

199

FLOWER MOUND

PLANO

LEWSIVLLE

RICHARDSON

287

CARROLLTON

KELLER 377

GARLA

GRAPEVINE 635

121 820

IRVING

WEATHERFORD

171

ARLINGTON

MESQUIT 175

BENBROOK 35W 377

MANSFIELD 287

174 171

DALLAS

820

FORT WORTH

ROC

LANCASTER 35E

PROPERTY DESCRIPTION

M A R KET S U MMARY

CO R P O R AT E V ILLAG E

Dallas - Fort Worth, TX

OVERVIEW Dallas encompasses half of the Dallas/Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States. Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas/Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 6,810,913 people as of July 1, 2013. The metropolitan economy is the sixth largest in the United States, with a 2012 real GDP of $420.34 billion. In 2013 the metropolitan area led the nation with the largest year-over-year increase in employment, and advanced to become the fourth-largest employment center in the nation (behind New York City, Los Angeles, and Chicago) with more than three million non-farm jobs. In the

latest rankings released in 2013, Dallas was rated as a “beta plus” world city by the Globalization and World Cities Study Group & Network. Dallas is also ranked 14th in world rankings of GDP by the Organization for Economic Co-operation and Development. The Dallas-Fort Worth Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city of Dallas has 12 Fortune 500 companies, and the DFW region as a whole has 22. Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations. Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.

Q U I C K S TAT S

2 3rd 4th 22

Texas, Fastest Growing Economy in the U.S. (24/7 Wall St.) Fastest Growing Cities in the U.S. (Forbes) Largest Metropolitan Area in the United States Fortune 500 Companies Call DFW Home (Fortune)

10K

Home to over 10,000 corporate headquarters, making it the largest concentration in the U.S.

PROPERTY DESCRIPTION

D E M OG RA PHIC STAT I ST I CS

CO R P O R AT E V ILLAG E

1 Mile

3 Mile

5 Mile

25,661 22,605 20,377 13.52% 10.93% 6,783

113,579 100,961 88,828 12.50% 13.66% 27,772

255,556 227,033 194,072 12.56% 16.98% 46,094

15,227 4,589 199 1,863 31 696 13

72,170 11,838 798 13,436 106 2,613 62

162,637 21,253 1,641 35,604 190 5,708 91

11,392 10,081 9,395 13.00% 7.30% 1,687 8,394 $66,505 $52,085

43,354 38,522 34,050 12.54% 13.13% 18,513 20,009 $91,157 $67,322

95,320 84,768 72,877 12.45% 16.32% 49,604 35,164 $107,383 $83,577

1,709 3,043 2,565 1,106 719 251 385 302

4,434 8,747 8,287 4,611 4,293 2,419 2,876 2,856

7,827 14,935 15,798 11,145 10,132 6,741 9,129 9,061

Population: 2023 Projection 2018 Estimate 2010 Census Growth 2018-2023 Growth 2010-2018 2018 Population Hispanic Origin

2018 Population by Race: White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other U.S. Armed Forces:

Households: 2023 Projection 2018 Estimate 2010 Census Growth 2018 - 2023 Growth 2010 - 2018 Owner Occupied Renter Occupied 2018 Avg Household Income (National Avg - $53,889) 2018 Med Household Income (National Avg - $53,889)

2018 Households by Household Inc: <$25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $125,000 $125,000 - $150,000 $150,000 - $200,000 $200,000+

PROPERTY DESCRIPTION

CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenantâ&#x20AC;&#x2122;s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Commercial Disclaimer STRIVE hereby advises all prospective purchasers of commercial property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.

Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller’s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and • buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: ӽӽ that the owner will accept a price less than the written asking price; ӽӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽӽ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Regulated by the Texas Real Estate Commission

Information available at www.trec.texas.gov IABS 1-0

exclusively listed 469.844.8880 | STRIVERE.COM