Fate Village - Fate, TX

Page 1

FATE, TX (DFW MSA) FATE VILLAGE MEMORIAL PKWY
VPD
VPD
14,761VPD 11,908
81,548

4970

2 FINANCIAL ANALYSIS FATE VILLAGE - FATE, TX PRICING & FINANCIAL ANALYSIS OFFERING SUMMARY Price $15,905,000 Cap Rate 6.25% Net Operating Income $993,927 Price PSF $533.17 Occupancy 100% Leased Year Built 2023 Gross Leasable Area +/- 29,831 SF Lot Size +/- 3.39 Acres Fate Village
& 5000 I-30
TX 75189 LAFAYETTE CROSSING 81,548VPD MEMORIALPKWY
Fate,
3 FINANCIAL ANALYSIS FATE VILLAGE - FATE, TX PRICING & FINANCIAL ANALYSIS PROJECTED INCOME & EXPENSES CURRENT PSF Base Rent - Occupied Space 100% $993,927 $33.32 GROSS POTENTIAL RENT $993,927 $33.32 Expense Reimbursements Real Estate Taxes $72,240 $2.42 Insurance $12,504 $0.42 CAM $128,312 $4.30 Management Fee $37,300 $1.25 Total Expense Reimbursements $250,356 $8.39 GROSS POTENTIAL INCOME $1,244,283 $41.71 EFFECTIVE GROSS REVENUE $1,244,283 $41.71 Operating Expenses Real Estate Taxes ($72,240) ($2.42) Insurance ($12,504) ($0.42) CAM ($128,312) ($4.30) Management Fee 3.00% ($37,300) ($1.25) Total Recoverable Expenses ($250,356) ($8.39) Net Operating Income $993,927 $33.32 EXPENSES CURRENT PSF Real Estate Taxes $72,240 $2.42 Insurance $12,504 $0.42 Total CAM $128,312 $4.30 Management Fee 3.00% $37,300 $1.25 Total Expenses $250,356 $8.39 For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com HUDSON LAMBERT Partner 469-844-8030 HLambert@StriveRE.com
4 FINANCIAL ANALYSIS FATE VILLAGE - FATE, TX RENT ROLL Suite Tenant SQ FT % of SQFT Start End Annual Rent PSF Escalation Date Escalation Amount Escalation PSF Options Option Amount Lease Type A-01 Starwood Cafe 2996 9/17/2023 10/31/2033 $101,864 $34.00 10/1/2024 10/1/2025 10/1/2026 10/1/2027 10/1/2028 10/1/2029 10/1/2030 10/1/2031 10/1/2032 $104,920 $108,066 $111,301 $114,627 $118,072 $121,608 $125,263 $129,008 $132,873 $35.02 $36.07 $37.15 $38.26 $39.41 $40.59 $41.81 $43.06 $44.35 2 x 5 Market Rate NNN 15% Admin Fee 6% Precentage Rent 7% Controllable expense cap A-02 Magnolia Soap and Bath Co. (1) 1489 4.99% 6/24/2024 5/31/2029 $49,137 $33.00 6/24/2025 6/24/2026 6/24/2027 6/24/2028 $50,611 $52,130 $53,693 $55,302 $33.99 $35.01 $36.06 $37.14 2 x 5 3% Annual Increases NNN 7% Controllable expense cap A-03 Hunt Regional Medical 6497 21.78% 5/11/2023 5/31/2033 $227,525 $35.02 6/1/2025 6/1/2026 6/1/2027 6/1/2028 6/1/2029 6/1/2030 6/1/2031 6/1/2032 $234,347 $241,364 $248,575 $256,047 $263,713 $271,640 $279,761 $288,142 $36.07 $37.15 $38.26 $39.41 $40.59 $41.81 $43.03 $44.35 2 x 5 3% Annual Increases Market Rate NNN 15% Admin Fee A-04 Pet Supplies Plus 5024 16.84% 4/16/2023 3/31/2033 $125,600 $25.00 6/1/2028 $138,160 $27.50 2 x 5 $151,976 $167,199 NNN + 2% MGT 15% Admin Fee 5% Controllable expense cap A-05 Dorado Nail Bar 3776 12.66% 4/5/2023 4/30/2033 $128,384 $34.00 7/1/2028 $141,222 $37 1 x 5 Market Rate NNN 15% Admin Fee A-06 Hotworx 1619 5.43% 7/13/2023 10/31/2033 $55,046 $34.00 8/1/2025 8/1/2026 8/1/2027 8/1/2028 8/1/2029 8/1/2030 8/1/2031 8/1/2032 $57,831 $59,272 $60,761 $62,283 $63,837 $65,440 $67,075 $68,759 $35.72 $36.61 $37.53 $38.47 $39.43 $40.42 $41.43 $42.47 2 x 5 2.5% Annual Increases Market Rate NNN
5 FINANCIAL ANALYSIS FATE VILLAGE - FATE, TX RENT ROLL Suite Tenant SQ FT % of SQFT Start End Annual Rent PSF Escalation Date Escalation Amount Escalation PSF Options Option Amount Lease Type B-01 Jersey Mike's 1492 5.00% 3/30/2023 3/31/2033 $50,728 $34.00 4/1/2028 $55,800 $37.40 2 x 5 $61,381 Market Rate NNN 15% Admin Fee 6% Controllable expense cap B-02 Great Clips 1200 4.02% 3/15/2023 3/31/2028 $36,000 $30.00 4/1/2025 4/1/2026 4/1/2027 $36,720 $37,452 $38,196 $30.60 $31.21 $31.83 1 x 5 2% Annual Increases NNN 6% Controllable expense cap B-03 Wing Snob 1905 6.39% 6/11/2023 6/30/2033 $64,770 $34.00 7/1/2025 7/1/2026 7/1/2027 7/1/2028 7/1/2029 7/1/2030 7/1/2031 7/1/2032 $68,047 $69,742 $71,495 $73,285 $75,114 $77,000 $78,924 $80,905 $35.72 $36.61 $37.53 $38.47 $39.43 $40.42 $41.43 $42.47 2 x 5 $82,533 Market Rate NNN 6% Controllable expense cap B-04 Fate Village Tavern (1) 3833 12.85% 7/24/2024 8/31/2034 $134,155 $35.00 7/5/2025 7/5/2026 7/5/2027 7/5/2028 7/5/2029 7/5/2030 7/5/2031 7/5/2032 7/5/2033 $134,155 $142,319 $146,612 $150,982 $155,888 $160,181 $165,010 $169,955 $175,053 $35.00 $37.13 $38.25 $39.39 $40.67 $41.79 $43.05 $44.34 $45.67 -NNN 10% Admin Fee Sign Hunt Regional Pylon Sign 0 0.00% 5/11/2023 5/31/2033 $12,000 - - - - - -Occupied 29,831 100% $985,209 $33.03 $993,927 (2) Vacant 0Total 29,831 100%
Estimated Commencement Dates
Analysis Start Date is 09/01/2024 and Takes into Consideration a 1 Year Hold from Such Date
(1)
(2)

DBA

Jersey Mike’s Subs

Locations 1,400+

Line of Business

Jersey Mike’s Subs is a submarine sandwich chain headquartered in Manasquan, New Jersey. Jersey Mike’s has over 1,450 locations open in the world (1,449 of those in the United State), with about 130 more locations in development across the United States. Jersey Mike’s sandwiches are noted for their red wine vinegar and an olive oil blend, which is known as “Mike’s Way”.

DBA Pet Supplies Plus

Locations 720+ Locations

Line of Business Pet Supplies Plus was founded in 1988 in Redford, Michigan in the United States, is a privately held pet supply retailing corporation with a major presence in the US. As of 2005, it was the third largest specialty pet food retailer in the US. The company began adding franchise locations in the Midwest, expanding into the northeastern and southern states during the late 1990s. As of May 2023, Pet Supplies Plus store locations consisted of over 720 stores in 36 states. Pet Supplies Plus has in-house pet food brands such as Redford Naturals.

DBA

Great Clips

Locations 4,400+ Locations

Line of Business Great Clips is a 100% franchised company with more than 4,400 hair salons across the U.S. and Canada. They pride themselves on making it easy for customers to get a great haircut at a great price at a time and place that’s convenient for them. That’s why it is open evenings and weekends. They have made it easy for customers to make Great Clips their hair salon of choice with our Online Check-In and Clip Notes

6 PROPERTY DESCRIPTION FATE VILLAGE - FATE, TX TENANT INFORMATION

DBA

Locations

Line of Business

Hotworx 24 Hour Infrared Fitness Studio

500+ Locations

HOTWORX is a virtually instructed exercise program created for users to experience the many benefits of infrared heat absorption, while completing a 30-minute Isometric workout or 15-minute High Intensity Interval Training (HIIT) session. As the infrared heat penetrates your body causing you to sweat, the isometric postures further accelerate detoxification by physically removing the toxins from your organs through muscle contraction. Hotworx patented sauna combines heat, infrared, and exercise– what they like to call “3D Training”– and makes HOTWORX a workout unlike any other fitness program available.

DBA Wing Snob

Locations

Line of Business

38+ Locations

Born in Detroit Michigan, Wing Snob is a modern, quick-service, fast casual style restaurant serving made to order fresh wings with unique sauces and rubs to satisfy all flavor pallets. It is quickly expanding in multiple markets. Wing Snob has 38 locations currently either open or under construction, with 88 more in the pipeline. They have simplified the process to make operations simple and manageable for their franchisees and staff. Low cost construction costs and quick opening times have made Wing Snob an ideal concept for franchisees looking to expand their portfolio.

DBA Starwood Cafe

Locations 14 Locations

Line of Business

Starwood Cafe is the place to be for breakfast and lunch lovers seeking a diverse and satisfying culinary experience. With a menu that boasts a wide range of options, you’ll find an abundance of choices to please every palate. Starwood Cafe is the perfect place to enjoy breakfast or lunch.

7 PROPERTY DESCRIPTION FATE VILLAGE - FATE, TX TENANT INFORMATION

DBA Magnolia Soap and Bath Co.

Locations

Line of Business

38+ Locations

At Magnolia Soap, they believe beauty doesn’t have to come at the expense of your health. They use only domestically sourced, naturally grown ingredients in every recipe to give you the best experience. Magnolia Soaps has over 37 stores, with new ones opening every month.

DBA Dorado Nail Bar

Line of Business

Opened in May 2023, Dorado Nail Bar is a family-owned and operated located in Fate, Texas - next to Fresh by Brookshire’s. Dorado believes that self-care is essential for both your physical and mental well-being. That’s why it created a relaxing and welcoming environment where you can escape from the stresses of everyday life and enjoy a little me-time. Their expert nail technicians are dedicated to providing you with the perfect manicure and pedicure, every time.

DBA Hunt Regional Medical

Locations

14 Locations

Line of Business Hunt Regional Family Medicine at Fate provides the best medical care for families and individuals ages two years old and up. It provides immunizations, wellness education, screenings, acute and chronic medical management, and more. Hunt Regional offers fullservice laboratory services, and if specialty care is needed, their health care providers will provide a referral while continuing to manage your overall care.

DBA Fate Village Tavern

Line of Business

From the creators of Bryan Street Tavern and Sylvan Avenue Tavern, two extremely successful taverns in the heart of Dallas, Fate Village Tavern is excited to bring a similar vibrant concept to the city of Fate, TX.

8 PROPERTY DESCRIPTION FATE VILLAGE - FATE, TX TENANT INFORMATION

• New Class “A” 2023 Construction Retail Strips

Shadow Anchored by Fresh by Brookshire’s Grocery

• Fresh by Brookshire’s is a Major Traffic Driver & Well-Known Grocer in Texas & Surrounding States with Over 200 Locations

• 2 Buildings Totaling +/- 29,831 SF

• Long Term NNN Leases with Rental Escalations in Primary Term | 70% of Tenants Have Annual Rental Escalations

• Complementary & Synergistic Tenant Line-Up with both Nationally Recognized Retailers & Strong Local Retailers

• 9 Years of Average Remaining Lease Term

• High Growth Dallas Fort Worth Location | Population Boom of 3,402% Since 2020

• Adjacent to Future $800 Million Mixed-Use

Project Lafayette Crossing | 186 Single Family Homes, 1,300 Apartments, 120 Room Hotel, & 900,000 SF of Commercial Construction (Click Here for More Info)

• Master-Planned Communities Nearby Include Woodcreek, Avondale, Monterra, Spring Meadow, Williamsburg, Edgewater, and Chamberlain Crossing

• Excellent Location Fronting Interstate 30 | Easy Access from I-30 & Memorial Pkwy – An Intersection Visible to Over 95,000 Vehicles per Day

• Outstanding Demographics | Over $129,000

Average Household Income in a 3 Mile Radius – Well Above the National Average

9 PROPERTY DESCRIPTION FATE VILLAGE - FATE, TX INVESTMENT HIGHLIGHTS
10 PROPERTY DESCRIPTION FATE VILLAGE - FATE, TX SITE PLAN

FATE VILLAGE

LAKEVIEW SUMMIT 443 LOTS

STONE CREEK

LAKE RAY HUBBARD

DOWNTOWN ROCKWALL

SADDLE STAR CARUTH LAKES 699 LOTS

CARUTH LAKES 511 LOTS

GARDEN GROVES

LADERA ROCKWALL

ROCKWALL MUNICIPAL AIRPORT

RIDING CLUB ESTATES

138 LOTS ROLLING HILLS

24 LOTS

ROCKWALL HIGH SCHOOL 2,539 STUDENTS

ROCKWALLCROSSING

ROCKWALL TECHNOLOGY PARK

LOFLAND FARMS 369 LOTS

STERLING FARMS 48 LOTS

WOODCREEK 5,201 LOTS

SPRING MEADOWS 388 LOTS

LAFAYETTE CROSSING

WILLIAMSBURG 1,768 LOTS

71,727VPD

NORTHVIEW VILLAGE

CHAMBERLAIN CROSSING 413 LOTS

SLEEPY HOLLOW 221 LOTS

EDGEWATER 600 LOTS

DISCOVERY LAKES 507 LOTS

TIMBER CREEK ESTATES 235 LOTS

11 MARKET OVERVIEW
- FATE, TX AERIAL MAP
VILLAGE
FATE

FATE VILLAGE

12 MARKET OVERVIEW FATE VILLAGE - FATE, TX REGIONAL MAP

Dallas - Fort Worth, TX

OVERVIEW QUICK STATS

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 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates. From 2010 to 2019, the DFW Metroplex had the largest numerical population growth of any MSA in the United States.

The metropolitan economy is the fourth-largest and third-fastest growing in the United States, with a 2017 real GDP of $535.5 billion. In 2018, Dallas had both the highest job growth rate and the most jobs added in the nation, and is 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 2018, 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 Cooperation and Development. The DFW Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. As of 2020, the city of Dallas has 10 Fortune 500 companies, and the DFW region as a whole has 25.

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.

No. 1

4th

5th

25 10K

Fastest Growing MSA in the U.S. from 2010 to 2019 (U.S. Census Bureau)

Largest Metropolitan Area in the United States

Fastest Growing Economy in the U.S. (Forbes)

Fortune 500 Companies Call DFW Home (American City Business Journals)

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

13 MARKET OVERVIEW FATE VILLAGE - FATE, TX MARKET SUMMARY
14 MARKET OVERVIEW FATE VILLAGE - FATE, TX DEMOGRAPHIC STATISTICS Demographic data © CoStar 2024 1 Mile 3 Mile 5 Mile Population 2010 Population 2,997 12,767 39,586 2023 Population 6,663 31,758 73,857 2028 Population Projection 8,001 38,295 88,076 Annual Growth 2010-2023 9.40% 11.40% 6.70% Annual Growth 2023-2028 4.00% 4.10% 3.90% Median Age 35.7 35.4 36.6 Bachelor's Degree or Higher 37% 40% 37% U.S. Armed Forces 11 31 71 Population by Race White 5,753 26,887 61,529 Black 558 2,980 7,656 American Indian/Alaskan Native 77 337 713 Asian 129 748 2,072 Hawaiian & Pacific Islander 5 31 76 Two or More Races 141 775 1,810 Hispanic Origin 2,118 8,160 17,248 Housing Median Home Value $273,279 $275,097 $271,200 Median Year Built 2010 2010 2009 1 Mile 3 Mile 5 Mile Households: 2010 Households 907 3,978 13,070 2023 Households 2,133 10,386 24,866 2028 Household Projection 2,568 12,547 29,687 Annual Growth 2010-2023 9.90% 12.00% 6.70% Annual Growth 2023-2028 4.10% 4.20% 3.90% Owner Occupied 2,266 10,934 23,486 Renter Occupied 302 1,613 6,200 Avg Household Size 3.1 3.1 2.9 Avg Household Vehicles 2 2 2 Total Consumer Spending $88.7M $434M $976.9M Income Avg Household Income $126,062 $129,190 $121,074 Median Household Income $118,243 $118,577 $110,497 < $25,000 104 537 2,312 $25,000 - 50,000 203 855 3,151 $50,000 - 75,000 120 837 2,243 $75,000 - 100,000 288 1,265 2,838 $100,000 - 125,000 481 2,287 4,500 $125,000 - 150,000 416 1,707 3,435 $150,000 - 200,000 344 1,878 3,661 $200,000+ 176 1,021 2,727

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 tenant’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. Regulated

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:

ӽ that the owner will accept a price less than the written asking price;

ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and

ӽ 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.

by the Texas Real Estate Commission Information available at www.trec.texas.gov
IABS 1-0
469.844.8880 STRIVERE.COM exclusively listed

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