Harwood Village North - Bedford, TX by STRIVE

HARWOOD VILLAGE NORTH BEDFORD, TX (DALLAS MSA)

PRICING & FINANCIAL ANALYSIS

H AR WO O D V ILLAG E NO R T H

Harwood Village North 605 Harwood Rd Bedford, TX 76021

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

$8,865,000 7.85% $696,195 $103.16 89.8% 1982 85,931 SF 6.86 Acres

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

PRICING & FINANCIAL ANALYSIS

H AR WO O D V ILLAG E NO R T H

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space GROSS POTENTIAL RENT

CURRENT

PSF

$696,390

$8.10

$696,390

$8.10

Expense Reimbursements

EXPENSES

CURRENT

PSF

Real Estate Taxes

$117,287

$1.36

Insurance

$20,500

$0.24

CAM

CAM Recoveries

$89,038

$1.04

Cleaning and Maintenance

$6,120

$0.07

Management Fee Recoveries

$26,675

$0.31

Landscaping

$5,136

$0.06

Insurance Recoveries

$16,160

$0.19

Legal and Professional Fees

$6,896

$0.08

Real Estate Tax Recoveries

$90,337

$1.05

Miscellaneous Expenses

$695

$0.01

Total Expense Reimbursements

$222,210

$2.59

Repairs

$13,242

$0.15

EFFECTIVE GROSS REVENUE

$918,600

$10.69

Utilities

$14,960

$0.17

Total CAM

$47,049

$0.55

$37,569

$0.44

$222,406

$2.59

Operating Expenses $47,049

$0.55

Management Fee

$37,569

$0.44

Total Expenses

Total Insurance

$20,500

$0.24

Total Real Estate Taxes

$117,287

$1.36

Total Recoverable Expenses

$222,406

$2.59

Net Operating Income

$696,195

$8.10

Total CAM Management Fee

4.10%

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

RE NT RO L L

Tenant

H AR WO O D V ILLAG E NO R T H

Suite

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Movimiento Internacional

735 Harwood Rd

5,000

5.82%

11/17

10/21

$47,900

$3,992

$9.58

$17,500

$3.50

$65,400

7.12%

Escape Rejuvenate

727 Harwood Rd

2,500

2.91%

10/09

01/20

$22,500

$1,875

$9.00

$8,750

$3.50

$31,250

3.40%

Health Hut

723 Harwood Rd

2,500

2.91%

11/13

10/19

$21,250

$1,771

$8.50

$8,750

$3.50

$30,000

3.27%

Half Price Bookstore

713 Harwood Rd

9,200

10.71%

10/04

09/24

$101,200

$8,433

$11.00

$32,200

$3.50

$133,400

14.52%

Freedom Church

701 Harwood Rd

8,640

10.05%

09/15

11/20

$60,480

$5,040

$7.00

$30,240

$3.50

$90,720

9.88%

It's Paintable

643 Harwood Rd

1,600

1.86%

02/19

02/22

$15,200

$1,267

$9.50

$5,600

$3.50

$20,800

2.26%

Posh Nail

639 Harwood Rd

1,680

1.96%

05/15

04/20

$23,856

$1,988

$14.20

$5,880

$3.50

$29,736

3.24%

TN Tailor

637 Harwood Rd

1,200

1.40%

04/19

03/21

$13,800

$1,150

$11.50

$4,200

$3.50

$18,000

1.96%

625/623 Harwood Rd

6,800

7.91%

03/06

11/23

$65,188

$5,432

$9.59

$23,800

$3.50

$88,988

9.69%

Fitness 2000

615 Harwood Rd

9,975

11.61%

12/16

05/24

$69,402

$5,784

$6.96

$34,913

$3.50

$104,315

11.36%

Tuesday Morning

609 Harwood Rd

16,166

18.81%

10/09

01/20

$131,753

$10,979

$8.15

$8,665

$0.54

$140,418

15.29%

Subway

607 Harwood Rd

2,250

2.62%

09/03

04/19

$20,588

$1,716

$9.15

$7,875

$3.50

$28,463

3.10%

Cato Fashion

605 Harwood Rd

4,500

5.24%

09/98

01/24

$41,625

$3,469

$9.25

$15,750

$3.50

$57,375

6.25%

Available

603 Harwood Rd

4,320

5.03%

$0.00

0.00%

Alphagraphics

601-2 Harwood Rd

600

0.70%

02/17

02/20

$8,400

$700

$14.00

$2,100

$3.50

$10,500

1.14%

Healogix Consulting LLC

601-1 Harwood Rd

600

0.70%

09/18

08/21

$7,500

$625

$12.50

$2,100

$3.50

$9,600

1.05%

Harwood Beer and Wine

2906 Brown Tr

1,200

1.40%

02/17

07/22

$12,600

$1,050

$10.50

$4,200

$3.50

$16,800

1.83%

Available

2910 Brown Tr

1,552

1.81%

$0.00

0.00%

World Wide Connection

2914 Brown Tr

1,868

2.17%

05/19

04/22

$20,548

$1,712

$11.00

$6,538

$3.50

$27,086

2.95%

First Donut

2918 Brown Tr

900

1.05%

11/05

10/20

$12,600

$1,050

$14.00

$3,150

$3.50

$15,750

1.71%

Available

2926 Brown Tr

2,880

3.35%

$0.00

0.00%

Total Count/GLA

85,931

100%

$696,390

$58,033

$918,600

100.00%

Occupied

77,179

89.8%

Available

8,752

10.2%

$9.02

77,179

100.0%

Coat Of Many Colors

Total Avg Rent

$222,210

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

ESTIMATED REIMBURSEMENT REVENUE

Tenant

Suite

H AR WO O D V ILLAG E NO R T H

SQ FT

% of SQFT

CAM

Management Fee

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Movimiento Internacional

735 Harwood Rd

5,000

5.82%

$608

$1.46

$182

$0.44

$99

$0.24

$569

$1.36

$1,458

$3.50

Escape Rejuvenate

727 Harwood Rd

2,500

2.91%

$304

$1.46

$91

$0.44

$50

$0.24

$284

$1.36

$729

$3.50

Health Hut

723 Harwood Rd

2,500

2.91%

$304

$1.46

$91

$0.44

$50

$0.24

$284

$1.36

$729

$3.50

Half Price Bookstore

713 Harwood Rd

9,200

10.71%

$1,119

$1.46

$335

$0.44

$183

$0.24

$1,046

$1.36

$2,683

$3.50

Freedom Church

701 Harwood Rd

8,640

10.05%

$1,051

$1.46

$315

$0.44

$172

$0.24

$983

$1.36

$2,520

$3.50

It's Paintable

643 Harwood Rd

1,600

1.86%

$195

$1.46

$58

$0.44

$32

$0.24

$182

$1.36

$467

$3.50

Posh Nail

639 Harwood Rd

1,680

1.96%

$204

$1.46

$61

$0.44

$33

$0.24

$191

$1.36

$490

$3.50

TN Tailor

637 Harwood Rd

1,200

1.40%

$146

$1.46

$44

$0.44

$24

$0.24

$136

$1.36

$350

$3.50

625/623 Harwood Rd

6,800

7.91%

$827

$1.46

$248

$0.44

$135

$0.24

$773

$1.36

$1,983

$3.50

Fitness 2000

615 Harwood Rd

9,975

11.61%

$1,213

$1.46

$363

$0.44

$198

$0.24

$1,135

$1.36

$2,909

$3.50

Tuesday Morning

609 Harwood Rd

16,166

18.81%

$0.00

$134

$0.10

$588

$0.44

$722

$0.54

Subway

607 Harwood Rd

2,250

2.62%

$274

$1.46

$82

$0.44

$45

$0.24

$256

$1.36

$656

$3.50

Cato Fashion

605 Harwood Rd

4,500

5.24%

$547

$1.46

$164

$0.44

$89

$0.24

$512

$1.36

$1,313

$3.50

Available

603 Harwood Rd

4,320

5.03%

$0.00

Alphagraphics

601-2 Harwood Rd

600

0.70%

$73

$1.46

$22

$0.44

$12

$0.24

$68

$1.36

$175

$3.50

Healogix Consulting LLC

601-1 Harwood Rd

600

0.70%

$73

$1.46

$22

$0.44

$12

$0.24

$68

$1.36

$175

$3.50

Harwood Beer and Wine

2906 Brown Tr

1,200

1.40%

$146

$1.46

$44

$0.44

$24

$0.24

$136

$1.36

$350

$3.50

Available

2910 Brown Tr

1,552

1.81%

$0.00

World Wide Connection

2914 Brown Tr

1,868

2.17%

$227

$1.46

$68

$0.44

$37

$0.24

$212

$1.36

$545

$3.50

First Donut

2918 Brown Tr

900

1.05%

$109

$1.46

$33

$0.44

$18

$0.24

$102

$1.36

$263

$3.50

Available

2926 Brown Tr

2,880

3.35%

$0.00

85,931

100%

$7,420

Coat Of Many Colors

TOTALS

$2,223

$1,347

$7,528

$18,518

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

L E A SE PROVIS ION S

Tenant

H AR WO O D V ILLAG E NO R T H

Suite

SQ FT

Base Rental Increases

Renewal Options

Date

PSF

Options

Date

PSF

User Restrictions & Exclusive Rights

Sales Reporting

Movimiento Internacional

735 Harwood Rd

5,000

11/1/2019 11/1/2020

$11.50 $11.98

Escape Rejuvenate

727 Harwood Rd

2,500

1x5

2/1/2020

FMV

Health Hut

723 Harwood Rd

2,500

Exclusive retailer of health food vitamin or nÎ¼tritional products and services.

Yes

Half Price Bookstore

713 Harwood Rd

9,200

10/1/2019

$11.50

1x5

10/1/2024

$12.00

Yes

Freedom Church

701 Harwood Rd

8,640

1x5

11/12/2020

FMV

It's Paintable

643 Harwood Rd

1,600

4/1/2019 4/1/2020 4/1/2021

$9.50 $10.50 $11.50

Posh Nail

639 Harwood Rd

1,680

4/1/2019

$8.21

1x5

5/1/2020

FMV

TN Tailor

637 Harwood Rd

1,200

625/623 Harwood Rd

6,800

Yes

Fitness 2000

615 Harwood Rd

9,975

2x5

6/1/2024 6/1/2029

FMV FMV

Tuesday Morning

609 Harwood Rd

16,166

1x5

2/1/2020

$9.15

Yes

Subway

607 Harwood Rd

2,250

Cato Fashion

605 Harwood Rd

4,500

2/1/2019

$9.25

1x5

2/1/2024

$10.25

Available

603 Harwood Rd

4,320

Alphagraphics

601-2 Harwood Rd

600

Healogix Consulting LLC

601-1 Harwood Rd

600

9/1/2019

$14.50

Coat Of Many Colors

Exclusive Right to sell Sandwiches Exclusive right to sell women's apparrell

Yes

Harwood Beer and Wine

2906 Brown Tr

1,200

Available

2910 Brown Tr

1,552

World Wide Connection

2914 Brown Tr

1,868

1x5

5/1/2022

$12.50

First Donut

2918 Brown Tr

900

1x5

11/1/2020

FMV

Yes

Available

2926 Brown Tr

2,880

TOTAL

85,931

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

TE NA NT INF ORMAT I ON

H AR WO O D V ILLAG E NO R T H

DBA

Half Price Books

Entity on Lease

Half Price Books, Records & Magazines

Corporate/Franchise

Corporate

Locations

120+

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Half Price Books, Records, Magazines, Incorporated is the largest family-owned chain of new and used bookstores in the United States. The company’s original motto is “We buy and sell anything printed or recorded except yesterday’s newspaper”, and many of the used books, music, and movies for sale in each location are purchased from local residents.

DBA

Tuesday Morning

Entity on Lease

Tuesday Morning, Inc

Corporate/Franchise

Corporate

Locations

720+

Credit Rating

Not Rated

Public/Private

NASDAQ: TUES

Line of Business

Tuesday Morning Corporation is an American discount, off-price retailer specializing in domestic and international, designer and name-brand closeout merchandise. the chain traditionally has relied on direct marketing (including mail and e-mail), but also advertises in newspapers.

DBA

Cato

Entity on Lease

Cato of Texas, L.P.

Corporate/Franchise

Corporate

Locations

1,370+

Credit Rating

Not Rated

Public/Private

NYSE: CATO

Line of Business

Cato is a specialty retailer offering value-priced women’s apparel principally in the Southeastern United States under the names ‘Cato,’ ‘Cato Fashions,’ ‘Cato Plus,’ ‘It’s Fashion,’ ‘It’s Fashion Metro’ and ‘Versona Accessories’. As of Oct 28, 2017, the company operated 1,370 stores in 33 states.

PROPERTY DESCRIPTION

I N VE S TMENT HI GHLI GHT S

H AR WO O D V ILLAG E NO R T H

• Complimentary Tenant Lineup: The Property benefits from being nearly 90% leased to a complimentary lineup of fitness, health, food and fashion-oriented tenants which promotes a crossshopping experience. • L ong Term Tenancy: The Harwood Village North tenant base has demonstrated outstanding longevity as a large portion of the center has occupied the Property for more than 10 years. • H igh Growth Trade Area with Exceptional Demographics: Located within a high-density area of Bedford, Harwood Village North benefits from strong demographics with high growth expected over the next several years. Within a five-mile radius of the Property there are 262,654 residents. Over the next five years, the population within a fivemile radius is expected to grow an additional 7.57%. Furthermore, the average household income within a five-mile radius of the center is an outstanding $100,927. • Below Market Rents: The average rental rate at Harwood Village North is only $9.02 psf while likekind product in the immediate trade area is leasing up to $30.00 psf. • P riced Below Replacement Cost: Harwood Village North presents a compelling opportunity to acquire a retail asset at $103 per square foot which is well below replacement cost. PROPERTY DESCRIPTION

S I T E PL A N

H AR WO O D V ILLAG E NO R T H

601-1

713

701

643

637

623/625

615

609

607

601-2

2906

2910

605

603

735

2914

639

723

2918

727

2926

TENANT

GLA

735 Harwood Rd

5,000

Escape Rejuvenate

727 Harwood Rd

2,500

Health Hut

723 Harwood Rd

2,500

Half Price Bookstore

713 Harwood Rd

9,200

Freedom Church

701 Harwood Rd

8,640

Itâ&#x20AC;&#x2122;s Paintable

643 Harwood Rd

1,600

Posh Nail

639 Harwood Rd

1,680

TN Tailor

637 Harwood Rd

1,200

625/623 Harwood Rd

6,800

Fitness 2000

615 Harwood Rd

9,975

Tuesday Morning

609 Harwood Rd

16,166

Subway

607 Harwood Rd

2,250

Cato Fashion

605 Harwood Rd

4,500

Available

603 Harwood Rd

4,320

Alphagraphics

601-2 Harwood Rd

600

Healogix Consulting

601-1 Harwood Rd

600

Harwood Beer and Wine

2906 Brown Tr

1,200

Available

2910 Brown Tr

1,552

World Wide Connection

2914 Brown Tr

1,868

First Donut

2918 Brown Tr

900

Available

2926 Brown Tr

2,880

Coat Of Many Colors

NOT A PART Moon Wok

Brown Trail

SUITE Movimiento Internacional

Harw

d od R

PROPERTY DESCRIPTION

A E R I AL MA P

H AR WO O D V ILLAG E NO R T H

PRECINCT LINE RD

BIRDVILLE HIGH SCHOOL

BEDFORD JUNIOR HIGH SCHOOL

TARRANT COUNTY COLLEGE - NORTHWEST

OO RW

BELL HIGH SCHOOL

PROPERTY DESCRIPTION

L E A SE COMPA RABLES

Property Harwood Village North 607 Harwood Rd.  Bedford, TX 76021

Bedford Meadows 1 2816 Central Dr. Bedford, TX 76021 Parkwood Village 139 E Harwood Rd. 2 Hurst, TX 76054

Cimarron Plaza Shopping Center 3 1220 Airport Fwy Bedford, TX 76022

H AR WO O D V ILLAG E NO R T H

GLA

Yr Built/ Renovated Occupancy

Major Tenants

Available SF

Rental Rates

NNN

85,931

1982

89.8%

CATO Fashion, Tuesday Morning, Subway, Fitness 2000

8,752

$7.00-$14.00

$3.50

19,658

1986

94.7%

Just for Kidz Academy, Planned Parenthood, Allstate, Salon 7

1,050

$12.00-$16.00

$4.50

78,250

1985

95.8%

DaVita Kidney Care, Metro PCS, Direct DFW Mattress, Elite Personal Training

3,292

$10.00-$14.00

$4.50

26,766

1985

94.8%

Dollar Tree, Subway, H&R Block, Western Union, U-Haul

1,400

$15.00-$18.00

$3.65

5,230

$11.00-$15.00

$3.85

$42.00-$65.00

$9.85

Central Square 4 1701-1833 Airport Fwy Bedford, TX 76021

47,751

1984

89.0%

Sprint/Chipotle Retail 5 2100 Airport Fwy Bedford, TX 76022

3,375

2017

100.0%

Monarch Dental, Toadies, Carter Bloodcare, Big Shots Sports Café, CrossFit

Chipotle, Sprint

PROPERTY DESCRIPTION

L E A SE COMPA RABLES

H AR WO O D V ILLAG E NO R T H

Harwood Village North 1

Bedford Meadows

Parkwood Village

Cimarron Plaza Shopping Center

Central Square

Sprint/Chipotle Retail

4 5

PROPERTY DESCRIPTION

REG IONA L MA P

H AR WO O D V ILLAG E NO R T H

Harwood Village North

PROPERTY DESCRIPTION

LO C AL MA P

H AR WO O D V ILLAG E NO R T H

Harwood Village North

PROPERTY DESCRIPTION

M A R KET S U MMARY

H AR WO O D V ILLAG E NO R T H

Dallas - Fort Worth, TX

OVERVIEW Dallas encompasses half of the Dallas-Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States. Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas-Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 7,399,662 people as of July 1, 2017. 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 Co-operation and Development. The Dallas-Fort Worth Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city of Dallas has nine Fortune 500 companies, and the DFW region as a whole has 22. Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations. Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.

Q U I C K S TAT S

No.

Fastest Growing City in the U.S. (U.S. Census Bureau)

4 5th 22 th

Largest Metropolitan Area in the United States Texas, Fastest Growing Economy in the U.S. (Forbes) Fortune 500 Companies Call DFW Home (USA Today)

10K

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

PROPERTY DESCRIPTION

D E M OG RA PHIC STAT I ST I CS

H AR WO O D V ILLAG E NO R T H

1 MILE

3 MILE

5 MILE

14,030 13,144 12,464 6.74% 5.46% 1,379

127,031 118,176 106,958 7.49% 10.49% 19,586

282,528 262,654 236,601 7.57% 11.01% 42,128

11,712 471 68 541 48 303 0

98,690 9,536 934 5,371 573 3,072 0

215,283 19,595 1,920 17,158 1,915 6,783 13

5,864 5,508 5,279 6.46% 4.34% 4,316 1,192 $104,482 $86,248

51,568 48,097 44,046 7.22% 9.20% 29,139 18,957 $89,776 $65,552

109,109 101,692 92,654 7.29% 9.75% 67,958 33,734 $100,927 $74,611

377 1,029 1,024 719 833 469 603 453

6,587 11,474 8,893 6,201 5,005 2,991 3,183 3,763

11,894 20,899 18,316 13,120 11,390 6,925 8,565 10,582

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

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

Households: 2023 Projection 2018 Estimate 2010 Census Growth 2018 - 2023 Growth 2010 - 2018 Owner Occupied Renter Occupied 2018 Avg Household Income (National Avg - $75,558) 2018 Med Household Income (National Avg - $53,889)

2018 Households by Household Inc: <$25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $125,000 $125,000 - $150,000 $150,000 - $200,000 $200,000+ Demographic data Â© CoStar 2018

PROPERTY DESCRIPTION

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

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

Information About Brokerage Services

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

Regulated by the Texas Real Estate Commission

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

exclusively listed 469.844.8880

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