Dollar Tree Plaza - Wichita Falls, TX

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DOLLAR TREE PLAZA WICHITA FALLS, TX

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PRICING & FINANCIAL ANALYSIS

DOLLAR TREE PLAZA

FINANCIAL ANALYSIS

Dollar Tree Plaza 5120 Greenbriar Rd Wichita Falls, TX 78102

Offering Summary Price Cap Rate Net Operating Income Price PSF Occupancy Gross Leasable Area Lot Size

5.04% $206,674 $98.80 54.9% 2008

PROPERTY DESCRIPTION

Year Built

$4,100,000

41,500 SF 4.86 Acres

MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

2

PRICING & FINANCIAL ANALYSIS

DOLLAR TREE PLAZA

Current

Base Rent - Occupied Space GROSS POTENTIAL RENT

PSF

Expenses

Current

PSF

$281,808

$6.79

Real Estate Taxes

$42,186

$1.02

$281,808

$6.79

Insurance

$31,310

$0.75

$8,754

$0.21

$0

$0.00

$7,794

$0.19

CAM

Expense Reimbursements CAM Recoveries

$0.36

Lawn Care

$1,580

$0.04

Parking Lot Maintenance

$12,826

$0.31

Pest Control

$17,281

$0.42

Building Repairs

$955

$0.02

$46,827

$1.13

Equipment Repairs

$788

$0.02

$328,635

$7.92

Gas & Electric

$17,151

$0.41

Professional Fees

$1,516

$0.04

$36,959

$0.89

$36,959

$0.89

$11,505

$0.28

$11,505

$0.28

Total Insurance

$31,310

$0.75

$121,960

$2.94

Total Real Estate Taxes

$42,186

$1.02

$121,960

$2.94

$206,674

$4.98

Management Fee Recoveries Insurance Recoveries Real Estate Tax Recoveries Total Expense Reimbursements EFFECTIVE GROSS REVENUE Operating Expenses Total CAM

Total Recoverable Expenses Net Operating Income

3.50%

Total CAM Management Fee (% of GPI) Total Expenses

3.50%

PROPERTY DESCRIPTION

$15,140

Management Fee

FINANCIAL ANALYSIS

Projected Income & Expenses

MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

3

RENT ROLL

DOLLAR TREE PLAZA Minimum Rent

Recoveries

Total

Sq Ft

% of Sq Ft

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Dollar Tree #3846

210

9,000

21.69%

08/08

08/23

$90,000

$7,500

$10.00

$23,954

$2.66

$113,954

34.68%

Available

310

5,000

12.05%

-

-

$0.00

-

$0.00

$0.00

$0.00

$0.00

0.00%

Available

304

4,300

10.36%

-

-

$0.00

-

$0.00

$0.00

$0.00

$0.00

0.00%

Wichita Fitness, LLC

104

3,700

8.92%

01/17

12/21

$61,828

$5,152

$16.71

$0.00

$0.00

$61,828

18.81%

T-Mobile

102

2,300

5.54%

10/17

10/22

$29,900

$2,492

$13.00

$6,122

$2.66

$36,022

10.96%

Wicked Andy's Productions

120

4,500

10.84%

11/17

10/22

$55,980

$4,665

$12.44

$13,225

$2.94

$69,205

21.06%

Available

220

4,698

11.32%

-

-

$0.00

-

$0.00

$0.00

$0.00

$0.00

0.00%

Available

200

4,702

11.33%

-

-

$0.00

-

$0.00

$0.00

$0.00

$0.00

0.00%

Great Clips

314

1,200

2.89%

12/16

12/21

$12,000

$1,000

$10.00

$3,527

$2.94

$15,527

4.72%

Victoria Day Spa

318

2,100

5.06%

02/17

05/22

$32,100

$2,675

$15.29

$0.00

$0.00

$32,100

9.77%

Total Count/GLA

10

41,500

100%

$281,808

$23,484

$328,635

100.0%

Occupied

6

22,800

(54.9%)

Available

4

18,700

(45.1%)

22,800

(100.0%)

Total Avg Rent

$12.36

$46,827

PROPERTY DESCRIPTION

Suite

Tenant

FINANCIAL ANALYSIS

Lease Dates

MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

4

ESTIMATED REIMBURSEMENT REVENUE

DOLLAR TREE PLAZA Management Fee

Insurance

Real Estate Taxes

Total Recovery

Sq Ft

% of Sq Ft

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Dollar Tree #3846

210

9,000

21.69%

$668

$0.89

$0.00

$0.00

$566

$0.75

$762

$1.02

$1,996

$2.66

Available

310

5,000

12.05%

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Available

304

4,300

10.36%

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Wichita Fitness, LLC

104

3,700

8.92%

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

T-Mobile

102

2,300

5.54%

$171

$0.89

$0.00

$0.00

$145

$0.75

$195

$1.02

$510

$2.66

Wicked Andy's Productions

120

4,500

10.84%

$334

$0.89

$104

$0.28

$283

$0.75

$381

$1.02

$1,102

$2.94

Available

220

4,698

11.32%

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Available

200

4,702

11.33%

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Great Clips

314

1,200

2.89%

$89

$0.89

$28

$0.28

$75

$0.75

$102

$1.02

$294

$2.94

Victoria Day Spa

318

2,100

5.06%

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

41,500

100%

$1,262

Totals

$132

$1,069

$1,440

PROPERTY DESCRIPTION

Suite

Tenant

FINANCIAL ANALYSIS

CAM

$3,902

MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

5

LEASE PROVISIONS

DOLLAR TREE PLAZA

Tenant

Suite

Renewal Options

User Restrictions & Exclusive uses

Termination Rights

Reports Sales

No

Sq Ft

Date

PSF $11.00 $11.50 $12.00 $12.50

4 x 5 yr renewal options remaining 9/18 @ $11.00 9/23 @ $11.50 9/28 @ $12.00 9/33 @ $12.50

No

In the event WalMart Supercenter vacates, Tenant will pay 3% gross sales not to exceed 1/2 of all rents due. If WalMart is not replaced in 6 months, tenant has the right to terminate the lease.

210

9,000

9/1/2018 9/1/2023 9/1/2028 9/1/2033

Available

310

5,000

-

-

-

-

-

-

Available

304

4,300

-

-

-

-

-

-

Wichita Fitness, LLC

104

3,700

5/1/2022 5/1/2027

$16.05 $17.66

2 x 5yr renewal options 5/22 @$16.05 5/27 @$17.66

Landlord will not lease to another Fitness club

No

No

$14.95 $17.19 $19.77

3 x 5yr renewal options 11/22 @ $14.95 11/27 @ $17.19 11/32 @ $19.77

Yes - Landlord will not lease to another tenant that gererates greater than 10% of its annual revenue from wireless service contracts and cellular device sales

No

No

102

2,300

Wicked Andy's Productions

120

4,500

-

-

None

The premises may be used for "escape room" entertainment and for no other purpose

No

No

Available

220

4,698

-

-

-

-

-

-

Available

200

4,702

-

-

-

-

-

-

As long as tenant is not is default the Landlord will not lease to another discount Hair cutting shop

In the event that the leasable space in the Shopping Center becomes 70% or more vacant, Tenant's base minimum rent shall immediately be reduced by 50%. If after 12 months, the default under this provision has not been cured and the Shopping Center is 70% or more vacant, Tenant shall have the one time right to terminate the lease by giving Landlord written notice at least 15 days prior to the end of the 12 month period, or the rent reverts to full rent after the expiration of the l2 month period.

No

Tenant shall operate only as a nail and hair salon

No

No

Great Clips

314

1,200

1/1/2019 1/1/2021 1/1/2022 1/1/2027

Victoria Day Spa

318

2,100

6/1/2022

Totals

$11.00 $12.00 $13.20 $14.52

2 x 5yr renewal options 1/22 @$13.20 1/27@$14.52

$24.15

1 x 5yr renewal option

MARKET OVERVIEW

T-Mobile

11/1/2022 11/1/2027 11/1/2032

PROPERTY DESCRIPTION

Dollar Tree #3846

FINANCIAL ANALYSIS

Base Rental Increases

41,500 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

6

TENANT INFORMATION

DOLLAR TREE PLAZA

Entity on Lease Company

Dollar Tree is the largest and most successful single-price-point retailer in North America. Additionally, in 2015, Dollar Tree acquired Family Dollar stores. Dollar Tree provides a variety of products for health & beauty, food, party and seasonal dĂŠcor, houswares and much more.

Dollar Tree Stores, Inc., A Virginia Corporation Dollar Tree Stores, Inc.

Ownership

Corporate

Rating

BB+ (S&P)

Ticker Symbol

DLTR (NYSE)

Market Cap

$26.93 Billion

Sales Volume

$20.72 Billion 13,600+

Years in Business

32 Years

Website

PROPERTY DESCRIPTION

Number of Locations Headquarters

FINANCIAL ANALYSIS

Tenant Summary

Chesapeake, VA www.dollartree.com

Tenant Summary Entity on Lease Company

T-Mobile US, Inc.

Ownership

Franchise

Rating

BB (S&P)

Ticker Symbol

TMUS (NYSE)

Market Cap

$52.21 Billion

Sales Volume

$37.10 Billion

Number of Locations Years in Business Headquarters Website

MARKET OVERVIEW

T-Mobile US is a wireless network operator under which the German telecommunications comapny Deutsche Telekom is its majority shareholder.

T-Mobile is the third largest wireless carrier in the United States. The comapny provides service to 70.7 million customers across the United States, Puerto Rico, and the U.S. Virgin Islands.

P Mobile, LLC

2,000+ 24 Years Bellevue, WA www.t-mobile.com

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

7

TENANT INFORMATION

DOLLAR TREE PLAZA

Entity on Lease Company Ownership Rating Ticker Symbol Market Cap Sales Volume Number of Locations Years in Business Headquarters Website

Kitty Paw, LLC Great Clips Franchise Not Rated None Private $1.03 Billion 4,100+ 35 Years Bloomington, MN

PROPERTY DESCRIPTION

Great Clips is a salon franchise consisting of over 4,100 locations across the United States and Canada. The company specializes in no-appointment, no-frills salons that provide customers with affordable haircuts. The salons have been noted as a good investment as they are a low-cost franchise with high growth potential.

FINANCIAL ANALYSIS

Tenant Summary

www.greatclips.com

Tenant Summary Entity on Lease Company Ownership Rating Ticker Symbol Market Cap Sales Volume Number of Locations Years in Business Headquarters Website

Anytime Fitness Franchise Not Rated None N/A

MARKET OVERVIEW

Anytime Fitness is a 24-hour health and fitness club with over 3,000 franchised locations in 20 countries. The facilities are open 24-hours a day, 265 days a year. According to Forbes, Anytime Fitness was the fastest growing health club franchise in 2014. In 2015, Entrepreneur Magazine ranked Anytime Fitness first on its global franchise list.

Wichita Fitness, LLC

$967 Million 3,000+ 16 Years Woodbury, MN www.anytimefitness.com

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

8

INVESTMENT HIGHLIGHTS Shadow

to

Walmart

FINANCIAL ANALYSIS

• Dollar Tree Anchored Supercenter Retail Strip

DOLLAR TREE PLAZA

• Sought After Value-Add Opportunity- Current Occupancy of 55% - 18,700 Square Feet of Available In line Retail

PROPERTY DESCRIPTION

• Replaceable Rents At An Average $12.36 Per Square Foot of Occupied Space

• Priced Below Replacement Cost- Opportunity to Acquire a Retail Asset at $99 Per Square Foot, Well Below Replacement Cost

• Population Exceeds 77,400 People in a 5-Mile Radius from the Property MARKET OVERVIEW

• National Tenancy- Strong Mix Of Nationally Recognized Retailers in Tenant Line-Up Representing 39% of the Current Revenue Including Dollar Tree, Anytime Fitness, T-Mobile, and Great Clips This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

9

SITE PLAN

DOLLAR TREE PLAZA

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

10

AERIAL MAP

DOLLAR TREE PLAZA

FINANCIAL ANALYSIS

Sikes Senter

PROPERTY DESCRIPTION

KEMP BLVD SOUT

HWES T PKW Y

MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

11

LEASE COMPARABLES

GLA

Yr Built/ Renovated Occupancy

Major Tenants Walmart (Shadow), Dollar Tree, T-Mobile, Great Clips, Victoria Day Spa, Rent-A-Center

Available SF

Rental Rates

NNN

18,700

$10.00 - $17.00

$3.50

0

$14.00-$20.00

$4.00

1996

54.9%

Albertson's Plaza Shopping Center 1 2720 Southwest Pky Wichita Falls, TX 76308

125,024

1986

100.0%

Crossroads Center 2 2708 Southwest Pkwy Wichita Falls, TX 76302

30,240

1986

81.5%

Dollar General, Boost Mobile, Texas Best BBQ, Regional Finance

5,600

$9.00 - $18.00

$2.75

Hobby Lobby Plaza 3 2811 Southwest Pky Wichita Falls, TX 76308

143,838

1969

100.0%

Hobby Lobby, Dirt Cheap, Aaron's Rents, Cricket Wireless, Titlemax, El Chico Café

0

$7.00 - $15.00

$2.00

Country Club Village 4 1501 Midwestern Pkwy Wichita Falls, TX 76302

45,019

1979

91.1%

Subway, Little Caesar's Pizza, Comet Cleaners, H&R Block, Autumn Leaves

4,000

$7.00 - $13.00

$1.50

Highland Village 5 1505 Southwest Pkwy Wichita Falls, TX 76302

15,071

1986

100.0%

Catfish Grill, Antee's Pools, Fast Eddy's, Great Vapor Café

0

$8.00 - $12.00

Modified Gross

Midwestern Plaza 6 3600 Old Jacksboro Hwy Wichita Falls, TX 76302

36,620

1973

100.0%

Dollar General, Lonestar Bar, La Michoaca Meat Market, Metro PCS, Ace Cash Express

0

$6.00 - $12.00

$2.00

Cash Saver, Cato Fashions, Galaxy Comics, Wally's Party Factory,

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

MARKET OVERVIEW

41,500

PROPERTY DESCRIPTION

Dollar Tree Plaza  5120 Greenbriar Rd Wichita Falls, TX 76302

FINANCIAL ANALYSIS

Property

DOLLAR TREE PLAZA

12

LEASE COMPARABLES MAP

DOLLAR TREE PLAZA

FINANCIAL ANALYSIS

Dollar Tree Plaza 1

Albertson’s Plaza Shopping Center

6

2

Crossroads Center

4

3

Hobby Lobby Plaza

4

Country Club Village

5

Highland Village

6

Midwestern Plaza

PROPERTY DESCRIPTION

2 1 3

MARKET OVERVIEW

5

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

13

LOCAL MAP

DOLLAR TREE PLAZA

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

14

REGIONAL MAP

DOLLAR TREE PLAZA

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

15

MARKET SUMMARY

DOLLAR TREE PLAZA

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

WICHITA FALLS, TX

A flood in 1886 destroyed the original falls on the Wichita River for which the city was named.

After nearly 100 years of visitors wanting to visit the nonexistent falls, the city built an artificial waterfall beside the river in Lucy Park. The recreated falls are 54 ft high and recirculate at 3,500 gallons per minute. The falls are visible to south-bound traffic on Interstate 44.

The central business district of Wichita Falls is located five miles from the Sheppard Air Force Base, which is the area’s top employer with 12,272 empoyees. The base is home to the Air Force’s largest technical training wing and the Euro-NATO Joint Jet Pilot Training program. The program is utilized by seventeen different NATO countries for the finest fighter pilot training in the world.

Other top employers include the Wichita Falls Independent School District (2,059 employees), North Texas State Hospital (1,974 employees), United Regional Health Care System (1,778 employees), and the City of Wichita Falls with 1,477 employees.

MARKET OVERVIEW

Wichita Falls, Texas is located on the Red River border with Oklahoma in Northwest Texas. It is located about 15 miles south of the border with Oklahoma and 115 miles northwest of Fort Worth, Texas. Wichita Falls is the county seat of Wichita County, Texas and is the prinicpal city of the Wichita Falls Metropolitan Statistical Area.

According to the 2013 census, the city had a population of 132,047 people, making it the 35thmost populous city in the state of Texas. Wichita Falls is an economically progressive city home to commerce and industry with worldwide interests.

The greater Wichita Falls area has 185 manufacturing companies producing products for major automotive manufacturers, oil and gas production, construction, aircraft manufacturers, food service providers, water recreation and more. Within a 60 mile radius of Wichita Falls, there are more than 393,000 people of which approximately 152,000 are in the workforce.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

16

DEMOGRAPHIC STATISTICS

DOLLAR TREE PLAZA

1 Mile

3 Mile

5 Mile

7,041 7,069 7,081 -0.40% -0.17% 974

34,883 35,127 35,724 -0.69% -1.67% 6,526

77,059 77,483 78,249 -0.55% -0.98% 16,632

5,888 757 68 138 6 213 74

30,100 2,989 422 766 41 809 295

64,993 7,629 1,027 1,924 100 1,809 640

2,861 2,872 2,876 -0.38% -0.14% 1,577 1,295 $59,786 $46,544

14,487 14,599 14,915 -0.77% -2.12% 8,076 6,523 $61,803 $44,708

31,384 31,564 31,944 -0.57% -1.19% 18,518 13,046 $59,938 $43,850

846 660 531 284 313 113 72 52

4,215 4,150 2,264 1,489 1,147 454 351 532

9,388 8,603 5,086 3,307 2,481 993 810 898

FINANCIAL ANALYSIS

Radius Population: 2022 Projection 2017 Estimate 2010 Census Growth 2017-2022 Growth 2010-2017 2017 Population Hispanic Origin

2017 Population by Race:

Households:

2022 Projection 2017 Estimate 2010 Census Growth 2017 - 2022 Growth 2010 - 2017 Owner Occupied Renter Occupied 2017 Avg Household Income (National Avg - $75,558) 2017 Med Household Income (National Med - $53,889)

2017 Households by Household Inc:

MARKET OVERVIEW

<$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

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

Demographic data © CoStar 2017 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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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

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