Gun Barrel City Shopping Center - Gun Barrel City, TX

GUN BARREL CITY SHOPPING CENTER GUN BARREL CITY, TX

PRICING & FINANCIAL ANALYSIS

GUN BARREL CITY SHOPPING CENTER

FINANCIAL ANALYSIS

Gun Barrel City Shopping Center 1301 & 1303 W Main Street Gun Barrel City, TX 75156

Offering Summary Price Cap Rate Net Operating Income Price PSF

$1,075,000 6.90% $74,171 $233.96 100%

Year Built

2002

Gross Leasable Area Lot Size

PROPERTY DESCRIPTION

Occupancy

4,800 SF 0.50 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

GUN BARREL CITY SHOPPING CENTER

Current

PSF

Expenses

Base Rent - Occupied Space

100%

$80,640

$16.80

Real Estate Taxes

Base Rent - Vacant Space

(0%)

$0

$0.00

Insurance

$80,640

$16.80

GROSS POTENTAL RENT

PSF

$12,896

$2.69

$1,622

$0.34

$2,693

$0.56

$891

$0.19

CAM Landscape

Exp. Reimb.

Current

$2.69

Lighting Repair

Insurance

$1,622

$0.34

Pest Control

$1,273

$0.27

CAM

$5,691

$1.19

R&M Building

$834

$0.17

Mgmt. Fee

$1,738

$0.36

$5,691

$1.19

$21,947

$4.57

$3,078

$0.64

$102,587

$21.37

$23,287

$4.85

($5,129)

($1.07)

$97,458

$20.30

($12,896)

($2.69)

Insurance

($1,622)

($0.34)

CAM

($5,691)

($1.19)

($3,078)

($0.64)

($23,287)

($4.85)

$74,171

15.45

Total Exp. Reimb.

GROSS POTENTIAL INCOME Vacancy Factor

5.00%

EFFECTIVE GROSS INCOME

Total CAM Management Fee (% of GPI)

TOTAL EXPENSES

3.00%

PROPERTY DESCRIPTION

$12,896

Real Estate Taxes

FINANCIAL ANALYSIS

Income & Expenses

Expenses Real Estate Taxes

Mgmt. Fee (% of GPI) Total Expenses

NET OPERATING INCOME

3.00%

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

GUN BARREL CITY SHOPPING CENTER

Tenant

Sq Ft

% of Sq Ft

Start

End

Annual Rent

PSF

Escalation Date

Escalation Amount

Options

Lease Type

1

Cash Store

2,400

50.0%

11/17/2011

11/30/2021

$42,240

$17.60

12/1/2021

$19.36

3x5

NNN

2

Sprint

2,400

50.0%

10/1/2015

9/30/2020

$38,400

$16.00

10/1/2020

$17.00

1x5

NNN

Occupied

4,800

100.0%

0

0.0%

4,800

100.0%

Vacant Total

FINANCIAL ANALYSIS

Suite

$80,640

PROPERTY DESCRIPTION

NOTES: 1. Cash Store has a 7% annual cap on CAM; tenant does not reimb. Mgmt. Fee, but does reimb. a 7% of CAM Admin. Fee

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

TENANT INFORMATION

GUN BARREL CITY SHOPPING CENTER

Company Overview Tenant Ownership Number of Locations Headquarters

Sprint Private (TCC: The Customer Center) 20 Years

PROPERTY DESCRIPTION

Years In Business

Website

30 + Yonkers, NY http://tcc.dealer.sprint.com

Tenant Overview Tenant Ownership Years In Business Number of Locations Headquarters Website

Cottonwood Financial

MARKET OVERVIEW

Founded in 1996, Cottonwood Financial is one of the largest privately held retail consumer finance companies in the consumer finance industry.

They have over 345 locations, under the Cash Store brand, across the country. The national brick-and-mortar footprint, coupled with their online presence, allows them to provide customer service and offer an innovative mix of financial products and services to their customers.

FINANCIAL ANALYSIS

Founded in 1997, The Customer Center was one of the first exclusive branded wireless retailers in the country. Since then, The Customer Center quickly began to grow with an unwavering commitment to the customer experience; a quality of service that has remained unchanged for over 15 years. With over 30 locations in the Northeast and Southwest, the customer can shop confidently knowing they will be assisted by a team of knowledgeable sales and customer service representatives and (where available) professional certified repair technicians.

Private 21 Years 340 Irving, TX www.cashstore.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

5

INVESTMENT HIGHLIGHTS

GUN BARREL CITY SHOPPING CENTER

FINANCIAL ANALYSIS

• 100% Occupied Retail Strip Located Across from Walmart Supercenter - Providing Extremely High Level Exposure.

• Cash Store and Sprint Both Nationally Recognized Tenants

• Hands off Ownership - Ease of Management with NNN Leases PROPERTY DESCRIPTION

• Minimal Turnover Risk - Earliest Lease Termination Occurring in 2020

• High Quality 2005 Construction - Lighted Cement Parking Lot and 8.33 to 1 Parking Ratio

• Benefits from Secondary/Vacation Home Residents of Cedar Creek Lake - Frequently Visit this Market MARKET OVERVIEW

• Surrounding National Tenants Include Walmart Supercenter, CVS Pharmacy, AutoZone, Chili’s, Dollar Tree, Verizon and Many More

• Traffic Counts Along W Main St Exceed 18,000 Vehicles per Day 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

6

AERIAL MAP

GUN BARREL CITY SHOPPING CENTER

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

PLEASURE LAND RD

W MAIN ST

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

7

LOCAL MAP

GUN BARREL CITY SHOPPING 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. © 2017 STRIVE

8

REGIONAL MAP

GUN BARREL CITY SHOPPING 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. © 2017 STRIVE

9

MARKET SUMMARY

GUN BARREL CITY SHOPPING CENTER

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

GUN BARREL CITY, TX

Nestled on the shores of Cedar Creek Lake, 55 miles southeast of downtown Dallas, Gun Barrel City is the retail hub for a trade area

of more than 75,000 people and features no city property tax. The lake itself is the fourth-largest in Texas with over 220 miles of shoreline, making it one of the most popular lakes for boating and fishing. All of this activity has swelled the stated population of 5,000+ to more than 10,000 during the boating season, which now starts before Memorial Day and extends well past Labor Day. The Gun Barrel City has an Economic Development Corporation (EDC), a community team made up of resident executives and business owners, responsible for attracting new investment and helping expand existing businesses within the city. With a sevenmember board and one staff person, the Gun Barrel City EDC is funded by a $.0025 sales tax. They primarily seek businesses in manufacturing, production, medical/health, hospitality, and distribution.

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

Gun Barrel City is a city in Henderson County, Texas . The population was 5,672 at the 2010 Census. The town began as an unincorporated community known as the “Old Bethel Community” in the 1960s after completion of Cedar Creek Reservoir. It was incorporated in the late 1960s so it could legally sell beer and wine. The city takes its name from a former road, Gun Barrel Lane (which is now State Highway 198), as well as its motto, “We Shoot Straight with You”, and its symbol - a rifle with two crossed antique pistols. Gun Barrel Lane got its name during the 1920s and 1930s when outlaws frequented the area. It was considered a safe backwoods place during Prohibition when the likes of Clyde Barrow and Bonnie Parker hung out in the area.

10

DEMOGRAPHIC SUMMARY

GUN BARREL CITY SHOPPING CENTER

Geography: 10 miles

FINANCIAL ANALYSIS

Population In the identified area, the 2016 population was 38,701. The rate of change since 2000 was 9.3%. The five-year projection for the population in the area was 39,857 representing a change of 2.8% from 2016 to 2021. The population is 49.6% male and 50.4% female in 2016, and the median age in this area was 47.1, compared to the U.S. median age of 38.0.

Households There were 15,512 households in your selected georgraphy in 2016. The number of households changed by 8.4% since 2000. It is estimated that the number of households in your area will be 15,921 in 2021, which represents a change of 2.6% from 2016. The average household size in your area was 2.49 persons.

Income PROPERTY DESCRIPTION

In 2016, the median household income for your selected georgraphy is $41,925, compare this to the Entire U.S. average, which was $54,149. It is estimated that the median household income in your area will be $45,400 in 2021, which represents a change of 8.4% from 2016.

The 2016 per capita income in your area was $23,155, compare this to the Entire U.S. average, which was $29,472. The 2016 average household income in your area is $57,473, compare this to the Entire U.S. average, which was $77,008.

Race and Ethnicity The racial makeup of your selected area in 2016 was as follows: 91.4% White, 1.9% Black, 0.7% Native American and 0.8% Asian/Pacific Islander. Compare these to the Entire U.S. Averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin made up 8.7% of the 2016 population in your selected area. Compare this to the Entire U.S. average of 17.9%.

Housing MARKET OVERVIEW

In 2016, there were 11,760 owner occupied housing units in your area and there were 3,752 renter occupied housing units in your area.

Median home value in the area is $98,924, compared to a median home value of $198,891 for the U.S.

Employment In 2016, there were 14,086 employees in your selected area, this is also known as the daytime population. 53.0% of employees were employed in white-collar occupations in this geography, and 29.9% were employed in blue-collar occupations. In 2016, unemployment in this area was 8.2%.

Demographic data Š 2016 esri 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

11

DEMOGRAPHIC STATISTICS

GUN BARREL CITY SHOPPING CENTER 3 Mile

7 Miles

10 Miles

Income

3 Mile

7 Miles

10 Miles

2000 Population

8,724

24,880

35,443

$ 0 - $14,999

20.5%

17.5%

17.0%

2010 Population

9,503

26,243

37,470

$ 15,000 - $24,999

16.6%

14.2%

13.0%

2016 Population

9,954

27,177

38,701

$ 25,000 - $34,999

11.1%

13.6%

13.0%

2021 Population

10,324

28,019

39,857

$ 35,000 - $49,999

11.5%

12.3%

13.0%

$ 50,000 - $74,999

19.3%

19.5%

19.5%

$ 75,000 - $99,999

7.5%

9.6%

10.1%

$100,000 - $149,999

8.6%

9.2%

10.0%

2.7%

2.3%

2.3%

3 Mile

7 Miles

10 Miles

$200,000 +

2.1%

1.8%

2.2%

2000 Households

3,648

10,168

14,319

2016 Median Household Income

$36,753

$39,661

$41,925

2010 Households

3,917

10,743

15,186

2016 Per Capita Income

$21,604

$22,252

$23,155

2016 Households

4,045

10,991

15,512

2016 Average Household Income

$53,413

$54,947

$57,473

2021 Households

4,174

11,287

15,921

2016 Daytime Population

3,530

9,656

14,086

2.46

2.47

2.49

2010 Owner Occupied Housing Units

54.9%

56.4%

57.5%

2010 Renter Occupied Housing Units

20.7%

17.2%

15.9%

2010 Vacant

24.4%

26.4%

26.5%

2016 Owner Occupied Housing Units

52.3%

54.0%

55.1%

2016 Renter Occupied Housing Units

22.4%

18.9%

17.6%

2016 Vacant

25.3%

27.1%

27.3%

2021 Owner Occupied Housing Units

52.2%

53.6%

54.7%

2021 Renter Occupied Housing Units

22.5%

19.0%

17.6%

2021 Vacant

25.4%

27.4%

27.8%

2016 Average Household Size

PROPERTY DESCRIPTION

$150,000 - $199,999 Households

FINANCIAL ANALYSIS

Population

Traffic Counts

MARKET OVERVIEW

18,330

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

12

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 Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. 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 Vitorino Group.

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.

Vitorino Group 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, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group 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 THE VITORINO GROUP AGENT FOR MORE DETAILS.

Commercial Disclaimer STRIVE hereby advises all prospective purchasers of Net Leased 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 net leased 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