Glen Oaks Center - Bethany, OK

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O W O E N E T TR N A AR N L TE OL W D

GLEN OAKS CENTER BETHANY, OK

(OKLAHOMA CITY MSA)

PRICING & FINANCIAL ANALYSIS

GLEN OAKS CENTER

FINANCIAL ANALYSIS

Glen Oaks Center 7120-7140 NW 23rd Street Bethany, OK 73008

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

8.16% $416,186 $103.68 96.3% 1968/1999

PROPERTY DESCRIPTION

Year Built

$5,100,000

49,191 SF 6.09 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

GLEN OAKS CENTER

Current

Base Rent - Occupied Space GROSS POTENTIAL RENT

PSF

$0.51

$418,848

$8.51

Insurance

$6,822

$0.14

CAM

$51,599

$1.05

$15,607

$0.32

$98,911

$2.01

$0.00

$6,572

$0.13

Real Estate Tax Recoveries

$23,972

$0.49

Total Expense Reimbursements

$96,249

$1.96

$515,097

$10.47

$51,599

$1.05

$15,607

$0.32

$6,822

$0.14

Total Real Estate Taxes

$24,883

$0.51

Total Recoverable Expenses

$98,911

$2.01

$416,186

$8.46

Management Fee (% of GPI) Total Expenses

3.00%

PROPERTY DESCRIPTION

$0

EFFECTIVE GROSS REVENUE

$24,883

Real Estate Taxes

$1.34

Insurance Recoveries

PSF

$8.51

$65,704

Management Fee Recoveries

Current

$418,848

Expense Reimbursements CAM Recoveries

Expenses

FINANCIAL ANALYSIS

Projected Income & Expenses

Operating Expenses Total CAM Management Fee Total Insurance

Net Operating Income Capitalization Rate Capital Reserves at $0.15 PSF Cash Flow before Debt Service Market Loan Cash Flow after Debt Service

8.16% $7,379 $408,808 $253,461 $155,346 12.76%

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

Cash-on-Cash Return

3.00%

3

RENT ROLL

GLEN OAKS CENTER Minimum Rent

Recoveries

Total

% of Sq Ft

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

All American Pizza

1,570

3.19%

01/15

04/20

$34,540

$2,878

$22.00

$2,916

$1.86

$37,456

7.27%

Allstate Insurance

1,200

2.44%

04/17

04/19

$14,772

$1,231

$12.31

$2,093

$1.74

$16,865

3.27%

American Cleaners

672

1.37%

06/97

10/18

$17,640

$1,470

$26.25

$1,248

$1.86

$18,888

3.67%

Anytime Fitness

4,800

9.76%

12/11

12/18

$74,400

$6,200

$15.50

$10,545

$2.20

$84,945

16.49%

B-Nails

1,200

2.44%

03/17

03/20

$8,400

$700

$7.00

$2,273

$1.89

$10,673

2.07%

Dollar Tree

8,250

16.77%

05/18

04/23

$72,188

$6,016

$8.75

$16,589

$2.01

$88,776

17.23%

H&R Block

1,260

2.56%

01/96

04/22

$15,180

$1,265

$12.05

$2,635

$2.09

$17,815

3.46%

Metro PCS

1,250

2.54%

01/15

01/20

$26,875

$2,240

$21.50

$2,832

$2.27

$29,706

5.77%

0

0.00%

07/97

07/22

$9,240

$770

$0.00

$0

$0.00

$9,240

1.79%

1,200

2.44%

03/98

03/23

$18,480

$1,540

$15.40

$2,860

$2.38

$21,340

4.14%

25,989

52.83%

05/86

10/21

$127,134

$10,595

$4.89

$52,257

$2.01

$179,391

34.83%

1,800

3.66%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

$418,848

$34,904

$515,097

100.00%

Suite

Mid-First ATM Subway Westlake Hardware Available

Total Count/GLA

12

49,191

100%

Occupied

11

47,391

96.3%

Available

1

1,800

3.7%

47,391

100.0%

Total Avg Rent

$8.84

$96,249

PROPERTY DESCRIPTION

Sq Ft

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. Š 2017 STRIVE

4

ESTIMATED REIMBURSEMENT REVENUE

GLEN OAKS CENTER Management Fee

Insurance

Real Estate Taxes

Total Recovery

% of Sq Ft

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

All American Pizza

1,570

3.19%

$159

$1.21

$0

$0.00

$18

$0.14

$66

$0.51

$243

$1.86

Allstate Insurance

1,200

2.44%

$110

$1.10

$0

$0.00

$14

$0.14

$51

$0.51

$174

$1.74

American Cleaners

672

1.37%

$68

$1.21

$0

$0.00

$8

$0.14

$28

$0.51

$104

$1.86

Anytime Fitness

4,800

9.76%

$621

$1.55

$0

$0.00

$55

$0.14

$202

$0.51

$879

$2.20

B-Nails

1,200

2.44%

$125

$1.25

$0

$0.00

$14

$0.14

$51

$0.51

$189

$1.89

Dollar Tree

8,250

16.77%

$939

$1.37

$0

$0.00

$95

$0.14

$348

$0.51

$1,382

$2.01

H&R Block

1,260

2.56%

$152

$1.45

$0

$0.00

$15

$0.14

$53

$0.51

$220

$2.09

Metro PCS

1,250

2.54%

$169

$1.62

$0

$0.00

$14

$0.14

$53

$0.51

$236

$2.27

0

0.00%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

1,200

2.44%

$174

$1.74

$0

$0.00

$14

$0.14

$51

$0.51

$238

$2.38

25,989

52.83%

$2,959

$1.37

$0

$0.00

$300

$0.14

$1,096

$0.51

$4,355

$2.01

Available

1,800

3.66%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Totals

49,191

100%

$5,475

Mid-First ATM Subway Westlake Hardware

Suite

$0

$548

$1,998

PROPERTY DESCRIPTION

Sq Ft

Tenant

FINANCIAL ANALYSIS

CAM

$8,021

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

GLEN OAKS CENTER

Tenant

Suite

Renewal Options

User Restrictions & Exclusive uses

Termination Rights

Sales Reporting

Sq Ft

Date

PSF

Options

Date

PSF

All American Pizza

1,570

-

-

-

-

-

-

-

Yes

Allstate Insurance

1,200

-

-

1x2

5/1/2019

$14.00

-

-

Yes

American Cleaners

672

-

-

-

-

-

-

-

Yes

At LL request

-

-

2x3

1/1/2019 1/1/2022

$16.90 $18.42

Exclusive use as a gym/ fitness club including any women's only fitness club.

B-Nails

1,200

-

-

-

-

-

-

-

Yes

Dollar Tree

8,250

-

-

3x5

5/1/2023 5/1/2028 5/1/2033

$9.25 $9.75 $10.25

-

-

No

H&R Block

1,260

-

-

1x3

5/1/2022

$12.41

-

-

No

Metro PCS

1,250

-

-

1x5

2/1/2020

$22.00

Exclusive use as a wireless cell phone sales and service store

-

At LL request

0

8/1/2020

$850.00

-

-

-

Exclusive use as the only ATM allowed in the center

-

-

1,200

4/1/2020

$16.94

-

-

-

-

-

Yes

25,989

-

-

1x5 (Remaining)

11/1/2021

$5.10

-

-

Yes

1,800

-

-

-

-

-

-

-

-

Mid-First ATM

Subway

Westlake Hardware Available

Total

MARKET OVERVIEW

4,800

PROPERTY DESCRIPTION

Anytime Fitness

If the landlord leases to Competetive Business the tenant is entitle to a 50% reduction of rent and can terminate the lease after 12 months.

FINANCIAL ANALYSIS

Base Rental Increases

49,191

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

GLEN OAKS CENTER

Dollar Tree

Entity on Lease

Dollar Tree Stores, Inc

Corporate/Franchise

Corporate

Locations

Over 13,000 locations across America

Credit Rating

S&P: BB+

Public/Private

NASDAQ: DLTR

Line of Business

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.

Allstate

Entity on Lease

Mohamed S. Abdelaziz

Corporate/Franchise

Franchise

Locations

More than 12,000

Credit Rating

S&P: AA-

Public/Private

Public; NYSE: ALL

Line of Business

The Allstate Corporation is the largest publicly held personal lines property and casualty insurer in America. Allstate was founded in 1931 and became a publicly traded company in 1993.

All American Pizza

Entity on Lease

All American Pizza

Corporate/Franchise

Corporate

Locations

10 locations around Oklahoma City

Credit Rating

Not Rated

Public/Private

Private

Line of Business

All American Pizza is a family owned and operated pizzeria in Oklahoma. They use only 100% mozzarella cheese and the freshest ingredients with dough made in house.

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

MARKET OVERVIEW

DBA

PROPERTY DESCRIPTION

DBA

FINANCIAL ANALYSIS

DBA

7

TENANT INFORMATION

GLEN OAKS CENTER

PMG One, LLC

Corporate/Franchise

Corporate

Locations

7 locations around Oklahoma City

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Since 1939, American Cleaners has provided impeccable customer service that few competitors can match. Before being personally evaluated by our Director of Retail Operations, all store employees must graduate from an extensive training program comprised of 60+ hours of instruction. In addition, every location is mystery shopped each month and graded on the quality of service across 10+ areas.

DBA

Anytime Fitness

Entity on Lease

Anytime Fitness, LLC

Corporate/Franchise

Corporate

Locations

Over 3,000 locations across America

Credit Rating

Not rated

Public/Private

Private

Line of Business

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.

H&R Block

Entity on Lease

HRB Advance, LLC

Corporate/Franchise

Franchise

Locations

12,000 locations worldwide

Credit Rating

S&P: BBB

Public/ Private

NYSE: HRB

Line of Business

H&R Block is an American tax preparation company in North America, Australia, and India. The Kansas City-based company also offers payroll, and business consulting services. Founded in 1955 by brothers Henry W. Bloch and Richard Bloch, H&R Block currently operates approximately 12,000 retail tax offices worldwide. They offer consumer tax software, formerly called TaxCut, as well as online tax preparation and electronic filing from their website.

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

MARKET OVERVIEW

DBA

PROPERTY DESCRIPTION

American Cleaners

Entity on Lease

FINANCIAL ANALYSIS

DBA

8

TENANT INFORMATION

GLEN OAKS CENTER

Unlimited PCS, Inc.

Corporate/Franchise

Corporate

Locations

Over 15,000 locations across America

Credit Rating

Not Rated

Public/Private

NYSE: PCS

Line of Business

MetroPCS is a prepaid wireless service in the United States that is part of T-Mobile US, Inc. MetroPCS provides nationwide talk, text, and data depending on the plan services using T-Mobile US’ GSM, HSPA, HSPA+ and 4G LTE networks.

DBA

Subway

Entity on Lease

Subway Real Estate Corp.

Corporate/Franchise

Franchise

Locations

More than 44,400 locations in 111 countries

Credit Rating

Not Rated

Public/Private

Private

Line of Business

The largest single-brand restaurant chain and the largest restaurant operator in the world, Subway is a quick-serve restaurant offering submarine sandwiches and salads.

DBA

Ace Hardware

Entity on Lease

Westlake Hardware, Inc.

Corporate/Franchise

Franchise

Locations

More than 4,700 stores globally (4,600 are independently owned)

Credit Rating

Not Rated

Public/Private

Private

Line of Business

The #1 hardware cooperative in the U.S. offering a wide variety of hardware including electrical and plumbing supplies, garden equipment, hand and power tools, housewares, and painting supplies and materials

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

MARKET OVERVIEW

Entity on Lease

PROPERTY DESCRIPTION

MetroPCS

FINANCIAL ANALYSIS

DBA

9

INVESTMENT HIGHLIGHTS

GLEN OAKS CENTER

Stabilized Asset: The property is currently 96.3% occupied and has maintained a high level of occupancy for many, many years.

The anchor tenant, Ace Westlake Hardware has been in the center since 1986 (over 32 years).

•

Long-Term Tenancy: Glen Oaks tenant base has demonstrated outstanding longevity as 59.24% of the current tenant lineup has been at the property for more than 15 years, including Westlake Ace Hardware, who has been in the property since 1986.

•

Historical Sales Data: 20+ years of sales data on a number of tenants including Westlake Hardware, American Cleaners and others.

•

National Tenancy: Glen Oaks tenant lineup is comprised of a strong mix of nationally and regionally recognized retailers representing 89.33% of the current revenue including Westlake Ace Hardware, Anytime Fitness, Allstate Insurance, and Dollar Tree, to name a few.

•

Priced Below Replacement Cost: Glen Oaks presents a compelling opportunity to acquire a retail asset at $103 per square foot which is well below replacement cost. With rising construction costs, we estimate it would cost somewhere between $160 and $175 psf to replace the Glen Oaks Center.

•

In-Line Space: Glen Oaks Center is the only property at the intersection that contains in-line space, making it uniquely suited to receive any tenants looking in the area. The freestanding grocery store and pharmacy across the street acts as a “shadow anchor” to the property.

•

Pad Sites: There are two pads to the property, American Pizza and MetroPCS that could be sold off to reduce an investor’s basis in the asset.

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

•

PROPERTY DESCRIPTION

Access & Visibility: Positioned at the Southwest corner of NW 23rd St and N Rockwell Ave, the Property has superior visibility and exposure to more than 36,000 vehicles per day.

Additionally, there is superior access with five points of entry surrounding the Property.

FINANCIAL ANALYSIS

•

10

SITE PLAN

GLEN OAKS CENTER

FINANCIAL ANALYSIS

ATM

NOT A PART PROPERTY DESCRIPTION

B Nails

MARKET OVERVIEW

Vacant

Covered Walkway

ACE Hardware Lawn Center

NOW OPEN

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

AERIAL MAP

GLEN OAKS CENTER

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

N ROCKWELL AVE

NW 23RD ST

Western Oaks Elementary & Middle School

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

12

LOCAL MAP

GLEN OAKS CENTER

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

13

REGIONAL MAP

GLEN OAKS CENTER

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

MARKET SUMMARY

GLEN OAKS CENTER

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

OKLAHOMA CITY, OK Oklahoma City is the capital and largest city of the state of Oklahoma. The county seat of Oklahoma County, the city ranks 27th among United States cities in population. Oklahoma City, lying in the Great Plains region, features one of the largest livestock markets in the world. Oil, natural gas, petroleum products and related industries are the largest sector of the local economy. The city is situated in the middle of an active oil field and oil derricks dot the capitol grounds.

The city is home to several colleges and universities. Oklahoma City University, formerly

Oklahoma City is home for two Fortune 500 Companies, Chesapeake Energy Corporation and Devon Energy Corporation. Other notable companies whose headquarters are located here included Sonic, Hobby Lobby and Love’s Travel Stops & Country Stores. In 2014, Forbes ranked Oklahoma City No. 7 on its list of Best Places for Business. Other major corporations with a large presence (over 1,000 employees) in -Oklahoma City include Dell, The Hertz Corporation, United Parcel Service, Farmers Insurance Group, Great Plains Coca-Cola Bottling Company, Cox Communications, The Boeing Company, Johnson Controls, MidFirst Bank, American Fidelity Assurance, and Continental Resources.

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

Oklahoma City is on the I-35 Corridor and is one of the primary travel corridors into neighboring Texas and Mexico, and is a three-hour drive from the Dallas-Fort Worth metroplex. Located in the Frontier Country region of the state, the city’s northeast section lies in an ecological region known as the Cross Timbers. The city was founded during the Land Run of 1889, and grew to a population of over 10,000 within hours of its founding.

known as Epworth University, the thirdlargest university in the state, the University of Central Oklahoma, is just north of the city in the suburb of Edmond and Oklahoma Christian University, one of the state’s private liberal arts institutions, is just south of the Edmond border, inside the Oklahoma City limits.

15

DEMOGRAPHIC STATISTICS

GLEN OAKS CENTER 1 Mile

3 Mile

5 Mile

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

15,156 14,132 12,592 7.25% 12.23% 2,166

78,642 73,658 68,173 6.77% 8.05% 17,158

185,720 172,994 159,568 7.36% 8.41% 35,298

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

10,827 1,617 605 277 39 768 13

55,172 8,736 3,297 2,181 164 4,109 67

128,333 19,423 7,771 8,043 348 9,075 113

6,299 5,873 5,226 7.25% 12.38% 3,460 2,413 $54,198 $43,925

31,818 29,823 27,663 6.69% 7.81% 15,956 13,867 $51,396 $39,881

74,982 69,979 64,932 7.15% 7.77% 40,543 29,436 $60,540 $45,961

1,540 1,890 1,127 674 361 162 50 67

8,928 9,439 5,158 3,046 1,812 720 407 312

17,339 20,579 12,907 8,355 5,075 2,393 1,773 1,560

FINANCIAL ANALYSIS

Radius Population:

2017 Population by Race:

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

Households:

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

16

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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