Hurricane Creek - Benton, AR

HURRICANE CREEK VILLAGE Academy Sports + Outdoors and Adjacent Shop Space Shadow Anchored by a High Volume Kroger Marketplace

BENTON, AR

HURRICANE CREEK VILLAGE PROPERTY DESCRIPTION

Hurricane Creek Village 20770 & 20790 Interstate 30 N Benton, Arkansas 72019

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

7.00% 16.06% $989,517 $178 97.16%

FINANCIAL ANALYSIS

Year Built

$14,130,000

2015 79,297 SF ± 5.68 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

INVESTMENT HIGHLIGHTS

HURRICANE CREEK VILLAGE PROPERTY DESCRIPTION

Academy Sports + Outdoors: Included in the sale is a separately parceled, corporate guaranteed, Academy Sports + Outdoors. This single tenant, NN lease, has 13 years remaining on their initial term with three, 5-year renewal options. Academy is a leading sporting goods retailer in the United States with annual sales exceeding $4.6B in 2016.

Furthermore, an investor could immediately sell off this asset separately in a strategy to reduce their basis.

Kroger Marketplace (Shadow Anchored): Hurricane Creek Village is shadowed by a new Kroger Marketplace. Kroger’s Marketplace concept, which is anticipated to compete with Walmart and Target, offers fresh foods, groceries, home and fashion décor, kitchenware, small appliances, as well as baby basics and toys. Per the Regional Manager, this location has seen a year over year sales increase of more than 15%.

Outstanding Tenant Line-up: The Property is currently 97% occupied to seven tenants including Academy Sports + Outdoors, Pie Five Pizza Company, T-Mobile, TCBY, Monarch Dental, Supercuts, and City Nails. Together with Kroger Marketplace, the Property combines neighborhood retail, a restaurant, and service tenants to generate steady traffic and cross-shopping throughout the Property.

FINANCIAL ANALYSIS

New Construction: Hurricane Creek Village was constructed in 2015, providing the Property’s retailers with their most current prototypes, ample parking, and aesthetically pleasing design and landscaping. This new construction benefits an investor as it is likely to require minimal capital improvements in the near future.

Nearby Traffic Generators: The Property is positioned in the heart of the Benton retail corridor and enjoys the benefits of nearby retailers such as Target, Kohl’s, Best Buy, and Petco, among others. In addition to existing retailers, new store locations for Hobby Lobby, TJ Maxx & HomeGoods, PetSmart, and Ulta Beauty will open within the next year.

MARKET OVERVIEW

High Traffic Counts & Convenient Access: Abutting Interstate 30 to the south and Highway 5 to the north, Hurricane Creek Village has ample access, including five entry and exit points as well as cross-access with a brand new Infiniti dealership, which is currently under construction. Hurricane Creek’s positioning allows the project to benefit from more than 110,000 vehicles per day traveling along I-30, Highway 5, and Alcoa Road. Highway 5 is the primary east-west alternative to I-30 and carries upwards of 17,300 vehicles per day during peak hours. As a result, the Arkansas State Highway and Transportation Department has committed $12.6mm over a 7.6 mile stretch to expand the highway from two lanes to four, as well as adding a contiguous left-turn lane, sidewalks, and bicycle lanes.

Excellent Demographics: Hurricane Creek Village serves a trade area of 34,000 residents within a three-mile radius, and 64,000 residents within a five-mile radius.

Benton boasts the highest median income levels in the state, with household incomes ranging from $65,000 in a three-mile radius, to $72,000 within a five-mile radius. The Property is also located less than a half-mile away from Hurricane Lake Estates, a private lake-front community with home values ranging from 250k-700k, making the community one of the most affluent neighborhoods in Benton and Little Rock.

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

SITE PLAN

HURRICANE CREEK VILLAGE PROPERTY DESCRIPTION

Proposed

Opening TBD

Existing

FINANCIAL ANALYSIS

ble Availa ails

City N

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

TENANT INFORMATION

HURRICANE CREEK VILLAGE PROPERTY DESCRIPTION

Tenant Summary Entity on Lease DBA Locations Academy Sports + Outdoors is one of the premiere sporting, outdoor and lifestyle goods retailer. The store offers a unique assortment of products including but not limited to hunting and fishing gear, camping equipment, sporting goods, footwear, apparel and much more. Academy offers unqiue product diversity at a price point that allows the company to compete against other full-line sporting goods retailers and on-line merchants.

Academy, Ltd Academy Sports and Outdoors Over 200 stores in 15 states

Ownership

Corporate

Credit Rating

Moody: B2

Annual Revenue

Website

Private

FINANCIAL ANALYSIS

Public/Private

Annual sales of $4.65 billion in 2015 (Source: Forbes) www.academy.com

Tenant Summary Entity on Lease DBA

Pie Five Pizza Company

Locations

98 locations in 24 states

Ownership

Corporate

Credit Rating

Not Rated

Annual Revenue Public/Private Website

MARKET OVERVIEW

Pie Five pizza is a trend setting, made-to-order, fast casual concept which offers individual hand-crafted pizza’s, made with fresh ingredients, which are prepared in under five minutes. The menu offers a variety of signature and build-your-own personal pizzas.

JBI Holdings, LLC

$48.2 million in 2015 (Rave Restaurant Group) Public: RAVE (NYSE) www.piefivepizza.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

TENANT INFORMATION

HURRICANE CREEK VILLAGE PROPERTY DESCRIPTION

Tenant Summary Entity on Lease DBA Locations Supercuts provides a wide range of hair services including men’s, women’s, and children’s haircuts as well as color and waxing services. In addition to services, Supercuts also offers in-store professional haircare products at affordable prices

Ownership Credit Rating Annual Revenue

Website

Supercuts 2,400+ Franchise Not Rated $345 million in 2016 (Part of the Regis Corporation umbrella, which had $1.79 billion in 2016) Public: RGS (NYSE)

FINANCIAL ANALYSIS

Public/Private

Supercuts, Inc

www.supercuts.com

Tenant Summary Entity on Lease DBA Locations Ownership Credit Rating

TCBY 880 locations in 16 countries Franchise Not Rated

Annual Revenue

Private

Public/Private

Private

Website

MARKET OVERVIEW

In 1981, TCBY opened the country’s first frozen yogurt shop in Arkansas and is now one of the largest US Retails in the frozen yogurt industry. In addition to both hard and soft serve frozen yogurt, TCBY has expanded their offerings to include frozen coffee drinks, sorbet, cakes, and pies.

DJW Enterprises, LLC

www.tcby.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. © 2017 STRIVE

6

TABLE OF ASSUMPTIONS

HURRICANE CREEK VILLAGE

Table of Assumptions Hurricane Creek Village SEC HWY 5 & ALCOA RD. Benton AR 72019 Retail 79,297 SF 97.16%

Property Type: Property Size: Occupancy:

PROPERTY CASH FLOW ANALYSIS $14,130,000 $178.19 $989,517 7.00%

Year 11 Net Operating Income: Residual Capitalization Rate: Year 10 Gross Resale Price: Cost of Resale: Resale Costs: Unleveraged Proceeds: Capital Proceeds BEFORE Debt Capital Proceeds (BEFORE Debt) Price per SF 10 Year IRR

$1,183,708 7.00% $16,910,114 0.50% $84,551

Leveraged Proceeds: Less End of Year Outstanding Loan Balance Capital Proceeds AFTER Debt Capital Proceeds (AFTER Debt) Price per SF 10 Year IRR

$16,825,564 $212.18 SF 8.67%

$8,607,205 $8,218,358 $103.64 SF 16.06%

July-2017 June-2027 10 Years

LEVERAGE SUMMARY - DEBT/FINANCING

Loan Constant: Annual Debt Service Payment: Maturity: Outstanding Loan Balance at Maturity:

Proposed $10,597,500 75.00% 4.95% 10 Years 10 Years 30 Years 0.50% $52,988 6.41% $678,795 June-2027 $8,607,205

Purchase Price Total Initial Loan Principal Total Initial Loan Fees Equity Required

$14,130,000 $10,597,500 $52,988 $3,585,488

Proposed or Existing: Loan Amount: Loan-to-Sales Price Ratio: Interest Rate: Years to Maturity: Term: Amortization Period: Origination Fee

FINANCIAL ANALYSIS

Sales/Listing Price: Sales/Listing Price per SF: As-Is Net Operating Income Yr. 1: As-Is NOI Return (In-Place NOI/Sales Price):

Start of Analysis: End of Analysis: Analysis Period:

PROPERTY DESCRIPTION

Name of Project: Project Address:

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

7

10 YEAR CASH FLOW

As-Is Static Income 97.16% $1,001,023

$13.43

$1,001,023

$13.43

Absorption & Turnover Vacancy / Free Rent Scheduled Base Rental Revenue Total Expense Recoveries POTENTIAL GROSS INCOME Vacancy/Credit Loss EFFECTIVE GROSS REVENUE

Yr. 1 PSF

($0.26)

Year 1 Jun-2018 99.53% 0.00% $1,064,801 ($21,000) $1,043,801

Year 2 Jun-2019 100.00% 0.00% $1,066,376

Year 3 Jun-2020 100.00% 0.00% $1,068,313

$0

$0

$1,066,376

$1,068,313

Year 4 Jun-2021 99.50% 4.24% $1,123,029 ($35,211) $1,087,818

Year 5 Jun-2022 99.73% 4.96% $1,145,406 $0 $1,145,406

Year 6 Jun-2023 99.76% 2.84% $1,152,158 ($17,389) $1,134,769

Year 7 Jun-2024 100.00% 0.00% $1,157,930

Year 8 Jun-2025 100.00% 0.00% $1,164,629

$0

$0

$1,157,930

$1,164,629

Year 9 Jun-2026 98.77% 8.83% $1,203,585 ($96,287) $1,107,298

Year 10 Jun-2027 99.73% 0.00% $1,221,988 ($21,897) $1,200,091

$80,502

$1.15

$91,082

$95,036

$96,937

$96,539

$100,853

$101,716

$104,928

$107,026

$102,776

$109,916

$1,081,525

$14.31

$1,134,883

$1,161,412

$1,165,250

$1,184,357

$1,246,259

$1,236,485

$1,262,858

$1,271,655

$1,210,074

$1,310,007

$0

($0.29)

($22,631)

($27,950)

($28,142)

($21,363)

($30,624)

($27,903)

($31,454)

($31,894)

($22,087)

($29,881)

$14.03

$1,112,252

$1,133,462

$1,137,108

$1,162,994

$1,215,635

$1,208,582

$1,231,404

$1,239,761

$1,187,987

$1,280,126

Electric

$9,368

$0.12

$9,368

$9,555

$9,746

$9,941

$10,140

$10,343

$10,550

$10,761

$10,976

$11,195

Water/Sewer

$4,012

$0.05

$4,012

$4,092

$4,174

$4,257

$4,342

$4,429

$4,518

$4,608

$4,700

$4,794

Trash Removal

$8,036

$0.10

$8,036

$8,196

$8,360

$8,527

$8,698

$8,872

$9,049

$9,230

$9,415

$9,603

Landscape Contract

$7,272

$0.09

$7,272

$7,417

$7,566

$7,717

$7,871

$8,029

$8,189

$8,353

$8,520

$8,691

$707

$0.01

$707

$721

$736

$750

$765

$781

$796

$812

$828

$845

Porter

$4,848

$0.06

$4,848

$4,945

$5,044

$5,145

$5,248

$5,353

$5,460

$5,569

$5,680

$5,794

Fire Alarm System

$4,784

$0.06

$4,784

$4,880

$4,978

$5,077

$5,179

$5,282

$5,388

$5,496

$5,606

$5,718

Electrical R&M

$455

$0.01

$455

$464

$473

$482

$492

$502

$512

$522

$533

$543

R&M General

$202

$0.00

$202

$206

$210

$214

$219

$223

$227

$232

$237

$241

Plumbing

$253

$0.00

$253

$258

$263

$268

$273

$279

$284

$290

$296

$302

Painting

$202

$0.00

$202

$206

$210

$214

$219

$223

$227

$232

$237

$241

Roof Repairs

$354

$0.00

$354

$361

$368

$375

$383

$390

$398

$406

$414

$422

$13,332

$0.17

$13,332

$13,599

$13,871

$14,148

$14,431

$14,720

$15,014

$15,314

$15,621

$15,933

$5,672

$0.07

$5,672

$5,786

$5,901

$6,019

$6,140

$6,263

$6,388

$6,516

$6,646

$6,779

$330

$0.00

$330

$337

$344

$350

$357

$365

$372

$379

$387

$395

$28,070

$0.35

$28,070

$28,631

$29,204

$29,788

$30,384

$30,991

$31,611

$32,244

$32,888

$33,546

$6,205

$0.08

$6,205

$6,330

$6,456

$6,585

$6,717

$6,851

$6,988

$7,128

$7,271

$7,416

$982

$0.01

$982

$1,001

$1,021

$1,042

$1,063

$1,084

$1,106

$1,128

$1,150

$1,173

$14,373

$0.20

$15,974

$16,770

$16,885

$16,674

$18,374

$18,081

$18,872

$19,136

$16,504

$19,345

Irrigation

$657

$0.01

$657

$670

$683

$697

$711

$725

$739

$754

$769

$785

Pressure Washing

$680

$0.01

$680

$693

$707

$721

$736

$750

$765

$781

$796

$812

CAM Offset - Holding Pond SC

($1,818)

($0.02)

($1,818)

($1,854)

($1,891)

($1,929)

($1,968)

($2,007)

($2,047)

($2,088)

($2,130)

($2,173)

CAM Offset - Holding Pond Krog

($7,272)

($0.09)

($7,272)

($7,417)

($7,566)

($7,717)

($7,871)

($8,029)

($8,189)

($8,353)

($8,520)

($8,691)

CAM Offset - Holding Pond Acad

($4,848)

($0.06)

($4,848)

($4,945)

($5,044)

($5,145)

($5,248)

($5,353)

($5,460)

($5,569)

($5,680)

($5,794)

CAM Offset - Pylon

($1,212)

($0.02)

($1,212)

($1,236)

($1,261)

($1,286)

($1,312)

($1,338)

($1,365)

($1,392)

($1,420)

($1,448)

CAM Offset - Retail B

($3,636)

($0.05)

($3,636)

($3,709)

($3,783)

($3,859)

($3,936)

($4,014)

($4,095)

($4,177)

($4,260)

$92,008

$1.18

$93,609

$95,957

$97,655

$99,055

$102,407

$103,795

$106,297

$108,312

$107,464

$112,122

NET OPERATING INCOME

$989,517

$12.85

$1,018,643

$1,037,505

$1,039,453

$1,063,939

$1,113,228

$1,104,787

$1,125,107

$1,131,449

$1,080,523

$1,168,004

Tenant Improvements

$22,500

$22,500

$0

$0

$18,108

$0

$8,943

$0

$0

$49,519

$11,335

Leasing Commissions

$19,439

$19,439

$0

$0

$20,280

$0

$10,015

$0

$0

$55,457

$12,694

Cap Ex Reserve

$12,013

$12,013

$12,254

$12,499

$12,749

$13,004

$13,264

$13,529

$13,800

$14,076

$14,357

$53,952

$53,952

$12,254

$12,499

$51,137

$13,004

$32,222

$13,529

$13,800

$119,052

$38,386

$935,565

$964,691

$1,025,251

$1,026,954

$1,012,802

$1,100,224

$1,072,565

$1,111,578

$1,117,649

$961,471

$1,129,618

Holding Pond Expenses Sweeping Contract Snow Removal Real Estate-Property Tax Insurance-Property Insurance-General Liability Management Fees

Total Leasing & Capital Costs NET CASH FLOW BEFORE DEBT SERVICE

($4,345)

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

TOTAL EXPENSES

FINANCIAL ANALYSIS

$1,081,525

Irrigation R&M

PROPERTY DESCRIPTION

79,297 Average Occupancy: Initial Tenant Expiration: Gross Potential Rent

HURRICANE CREEK VILLAGE

10 Yr. Cash Flow

8

HURRICANERent CREEKRoll VILLAGE

RENT ROLL

NRA

% OF NRA

BASE RENT MONTHLY

ANNUAL

$ PSF/YR

INCREASE

DATE

REIMBURSEMENTS $ / PER SF

Monarch Dental Suite: 100

4,000

5.04%

$9,333 /mo.

$112,000 /yr.

28.00 /sf

30.80 /sf

Jul-2020

$22,525 /yr. $5.63 /SF.

7/17/2015 - 8/31/2025

(2) 5 Year Options NNN

City Nails Suite: 120

2,013

2.54%

$4,529 /mo.

$54,351 /yr.

27.00 /sf

$11,335 /yr. $5.63 /SF.

8/1/2015 - 7/31/2020

(1) 5 Year Option NNN

Supercuts Suite: 125

1,350

1.70%

$2,925 /mo.

$35,100 /yr.

26.00 /sf

$7,602 /yr. $5.63 /SF.

8/28/2015 - 9/30/2020

(1) 5 Year Option NNN

TCBY Suite: 130

1,350

1.70%

$3,038 /mo.

$36,450 /yr.

27.00 /sf

$7,602 /yr. $5.63 /SF.

7/1/2015 - 2/28/2021

(2) 5 Year Options NNN

Vacant Suite: 135

2,250

2.84%

$5,250 /mo.

$63,000 /yr.

28.00 /sf

28.84 /sf 29.71 /sf 30.60 /sf 31.51 /sf

Sep-2018 Sep-2019 Sep-2020 Sep-2021

T-Mobile Suite: 140

2,583

3.26%

$6,458 /mo.

$77,490 /yr.

30.00 /sf

33.00 /sf

Dec-2021

$14,545 /yr. $5.63 /SF.

12/1/2016 - 11/30/2026

(2) 5 Year Options NNN

Pie Five Pizza Company Suite: 150

3,000

3.78%

$7,000 /mo.

$84,000 /yr.

28.00 /sf

30.80 /sf

Nov-2020

$16,893 /yr. $5.63 /SF.

11/1/2015 - 10/31/2025

(2) 5 Year Options NNN

62,751

79.13%

$50,201 /mo.

$602,410 /yr.

9.60 /sf

97.16% 2.84% 100.00%

$1,001,801 /yr. $63,000 /yr. $1,064,801 /yr.

$13.00 /sf $28.00 /sf $13.43 /sf

Sep-2020 Sep-2025

$0 /yr. $0.00 /SF.

8/2/2015 - 7/31/2030

77,047 2,250 79,297

10.10 /sf 10.60 /sf

(3) 5 Year Options Gross

TOTAL OCCUPIED TOTAL VACANT OVERALL TOTAL

9/1/2017 - 8/31/2022

RENEWAL OPTIONS LEASE STRUCTURE

NNN

FINANCIAL ANALYSIS

Academy Sports + Outdoors Suite: ASO

LEASE COMM. EXP.

PROPERTY DESCRIPTION

TENANT NAME

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

TENANT ROLLOVER SCHEDULE

HURRICANE CREEK VILLAGE

Tenant Rollover Schedule

PROPERTY DESCRIPTION

100%

20

80%

16

70% 60%

12

50% 8

40%

30% 20% 10%

0%

TENANT

0.0%

0.0%

0.0%

Jun-2018

Jun-2019

Jun-2020

SUITE

4.2%

5.0%

Jun-2021 Jun-2022 Percentage of Square Footage Expiring

EXP.

SQ. FT.

Year 1

% OF TOTAL

2.8%

0.0% Jun-2023

Jun-2024 Jun-2025 Number of Tenants Expiring

TENANT

0 Tenants Expiring

0

0.00%

Year End - June-19 Year 3

0 Tenants Expiring

0

0.00%

Year End - June-24 Year 8

Year End - June-20 Year 4 City Nails Supercuts Year End - June-21 Year 5 TCBY T-Mobile Year End - June-22

0 Tenants Expiring

0

0.00%

Year End - June-25 Year 9 Monarch Dental Pie Five Pizza Company Year End - June-26 Year 10

Jul-20 Sep-20

2,013 1,350 3,363

2.54% 1.70% 4.24%

130 140 2 Tenants Expiring

Feb-21 Nov-21

1,350 2,583 3,933

1.70% 3.26% 4.96%

Year End - June-27

TOTAL EXPIRING

4

8.8%

0.0%

Jun-2026

SUITE 135 1 Tenants Expiring

0

Jun-2027

EXP.

% OF TOTAL

2,250 2,250

2.84% 2.84%

0 Tenants Expiring

0

0.00%

0 Tenants Expiring

0

0.00%

4,000 3,000 7,000

5.04% 3.78% 8.83%

100 150 2 Tenants Expiring

0 Tenants Expiring

7

Aug-22

SQ. FT.

Aug-25 Oct-25

16,546

0

FINANCIAL ANALYSIS

Year 6 Vacant Year End - June-23 Year 7

Year End - June-18 Year 2

120 125 2 Tenants Expiring

0.0%

Number of Tenants

% of Total Project Sq. Ft.

90%

0.00%

20.87%

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

10

AERIAL MAP

HURRICANE CREEK VILLAGE PROPERTY DESCRIPTION

Hurricane Creek

Hurricane Lake Estates Home Values $250K - $700K

FINANCIAL ANALYSIS 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

11

TRADE AREA AERIAL

HURRICANE CREEK VILLAGE PROPERTY DESCRIPTION

Rd

M

Alcoa Rd

30

MARKET OVERVIEW

INTERSTATE

0 E3 AT ST AADT R E 0 INT70,00

FINANCIAL ANALYSIS

ry

a ilit

This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

Alcoa Rd

Hwy 5

0

0.25 Miles

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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

REGIONAL MAP

HURRICANE CREEK VILLAGE PROPERTY DESCRIPTION

25-Minute Communte

FINANCIAL ANALYSIS 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

HURRICANE CREEK VILLAGE

REGIONAL MAP

PROPERTY DESCRIPTION

Outlets of Little Rock

Hwy 5

Alcoa RRdd

American Chico’s, ColeCole Haan,Haan, AmericanEagle, Eagle, Chico’s, Famous Gap,Gap, H&M, FamousFootwear, Footwear, H&M, Loft, Nike, Old Navy, RH, Loft, Nike, Old Navy, RH,

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RRdd

5 INTERSTATE

30

INTERSTATE INTERSTATE

30 30 30 EE 30 AT ATDT DT STAA R RST AA TE,0 00 00 INTE IN 70,0 70

Alcoa Rd Rd

Little Rock

FINANCIAL ANALYSIS

INTERSTATE

30

5

Bryant

Saline County Regional Airport

INTERSTATE

MARKET OVERVIEW

30

Benton

0

1

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2 Miles This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

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

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MARKET SUMMARY

HURRICANE CREEK VILLAGE PROPERTY DESCRIPTION FINANCIAL ANALYSIS

LITTLE ROCK, AR Situated on the Arkansas River, Little Rock is home to a thriving ‘New South’ culture that offers vibrant nightlife, big-time entertainment, worldclass attractions and a booming dining scene which features dishes from around the world. Little Rock is the capital of Arkansas and is the most populous city. The city derives its name from a small rock formation on the south bank of the Arkansas River, called “le petit rocher” (French: “the little rock”). The “little rock” became a well-known reference point for travelers.

One of the largest public employers in the state with over 10,552 employees is the University of Arkansas for Medical Sciences (UAMS) and its

MARKET OVERVIEW

As of the 2010 census, there were 193,524 people, 77,352 households, and 46,488 families residing in the city. The population density was 1,576.0 people per square mile. The 2013 U.S. Census population estimate for the Little Rock-North Little RockConway, AR Metropolitan Statistical Area was 724,385.

healthcare partners — Arkansas Children’s Hospital and the Central Arkansas Veterans Healthcare System. Together, they have a total economic impact in Arkansas of about $5 billion/year. Dillard’s Department Stores, Windstream Holdings, Acxiom Corporation, Simmons Bank, Bank of the Ozarks, Rose Law Firm, and Central Flying Service are all headquartered in Little Rock along with Fortune 500 Companies such as Tyson Foods, Murphy USA, Murphy Oil, and JB Hunt Transport Services. The Little Rock port is an intermodal river port with a large industrial business complex. International corporations such as Danish manufacturer LM Glasfiber have established new facilities adjacent to the port.

Overall, Arkansas’ capital has earned a reputation among history buffs, foodies and art lovers as an exciting place to live. Residents can spend their weekend exploring the historic Arkansas State Capitol, wandering through the Arkansas Art Center or sipping beer at one of the area’s breweries. Plus, the beautiful Ozark Mountains provide plenty of opportunities to enjoy the outdoors.

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

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DEMOGRAPHIC STATISTICS 1 Mile

3 Mile

5 Mile

4,734 4,448 3,798 6.43% 17.11% 202

35,916 33,880 29,747 6.01% 13.89% 1,570

67,658 63,820 56,007 6.01% 13.95% 3,049

3,715 526 16 126 1 63 3

29,883 2,705 160 653 23 455 20

56,815 4,807 339 908 33 919 37

1,998 1,876 1,585 6.50% 18.36% 874 1,002 $65,300 $44,770

13,997 13,214 11,638 5.93% 13.54% 9,168 4,046 $69,605 $54,567

26,074 24,612 21,660 5.94% 13.63% 17,939 6,673 $71,960 $55,527

367 702 256 129 224 67 90 41

2,593 3,586 2,425 1,624 1,542 511 631 301

4,763 6,479 4,644 3,059 2,893 1,051 842 880

PROPERTY DESCRIPTION

Radius

HURRICANE CREEK VILLAGE

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

2017 Population by Race:

Households:

2022 Projection 2017 Estimate 2010 Census Growth 2017 - 2022 Growth 2010 - 2017 Owner Occupied Renter Occupied 2017 Avg Household Income 2017 Med Household Income

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+

FINANCIAL ANALYSIS

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

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

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CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential.

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

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Commercial Disclaimer STRIVE hereby advises all prospective purchasers of commercial property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this 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