Pleasant Grove - Dallas, TX by STRIVE

PLEASANT GROVE SHOPPING CENTER DALLAS, TX

PRICING & FINANCIAL ANALYSIS

PLEASANT GROVE

FINANCIAL ANALYSIS

Pleasant Grove 1503 S Buckner Blvd Dallas, TX 75217

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

7.75% $1,199,623 $68.36 91.5% 1950-1962

PROPERTY DESCRIPTION

Year Built

$15,480,000

226,434 SF 19.12 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. Â© 2017 STRIVE

PRICING & FINANCIAL ANALYSIS

PLEASANT GROVE

Current

PSF

Base Rent

$1,343,945

$6.48

$150,357

$2.97

$4,100

$130,044

$0.57

$21,366

$0.09

CAM Reimb.

$324,696

$1.43

Total Exp. Reimbursements

$476,106

$2.09

EFFECTIVE GROSS REVENUE

$1,974,508

$8.72

Real Estate Taxes

$233,858

$1.03

Insurance

$137,552

$0.61

CAM

$324,494

$1.43

$78,980

$0.35

$774,884

$3.42

$1,199,623

$5.30

Percentage Rent - El Rancho Sign Income Real Estate Tax Reimb. Insurance Reimb.

FINANCIAL ANALYSIS

Income & Expenses

Mgmt. Fee (% of GPI)

4.00%

Total Expenses

NET OPERATING INCOME

Expenses

Current

PSF

Real Estate Taxes

$233,858

$1.03

Insurance - Property

$137,552

$0.61

Combined CAM Expenses

$95,454

$0.42

Security

$198,677

$0.88

Roof Repair

$10,081

$0.04

Other

$20,282

$0.09

PROPERTY DESCRIPTION

Expenses

Total CAM Management Fee (% of GPI)

TOTAL EXPENSES

4.00%

$324,494

$1.43

$78,980

$0.35

$774,884

$3.42

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. Â© 2017 STRIVE

MARKET OVERVIEW

CAM

RENT ROLL

PLEASANT GROVE % of Sq Ft

Start

End

Annual Rent

PSF

Escalation Date

Escalation Amount

Lease Type

111

Rainbow

11,000

4.9%

9/21/2000

1/31/2019

$110,000

$10.00

2/1/2019

$0.00

NNN

115

Cici's Pizza

5,343

2.4%

3/19/2003

3/31/2023

$60,556

$11.33

4/1/2018

$12.00

NNN

315

$1.00 Mart

20,157

8.9%

4/1/2002

3/31/2019

$120,942

$6.00

NNN

139

Extreme Soccer

3,500

1.5%

10/3/2014

10/31/2022

$4,656

$1.33

11/1/2019

$1.81

NNN

141-145

Astro Dental

7,350

3.2%

6/1/2017

7/31/2027

$44,100

$6.00

8/1/2027

MKT

NNN

147

Buckner Barber

2,965

1.3%

9/1/2004

12/31/2021

$23,724

$8.00

1/1/2019

$10.00

NNN

147b

Stepping Stones Earl

6,457

2.9%

9/1/2015

8/31/2020

$6,456

$1.00

9/1/2018

$3.00

NNN

149

Chene's Salon

1,625

0.7%

2/1/2007

8/31/2019

$9,756

$6.00

NNN

153

L'Patricia

8,525

3.8%

11/6/2006

10/31/2026

$99,156

$11.63

11/1/2021

$12.39

NNN

157

VACANT

2,800

1.2%

159

Shoeland

3,300

1.5%

9/1/2010

11/30/2017

$36,300

$11.00

12/1/2017

$11.00

NNN

183

New Thrift Store

28,000

12.4%

9/15/2015

9/30/2020

$84,000

$3.00

NNN

188

Viva Shoes

4,200

1.9%

5/1/2007

5/31/2017

$33,600

$8.00

6/1/2017

$8.00

NNN

223

South Texas Dental

5,800

2.6%

5/1/1998

5/31/2018

$75,048

$12.94

NNN

225

VACANT

4,625

2.0%

229

VACANT

1,950

0.9%

230

T-Shirt Plus

10,744

4.7%

7/1/2016

6/30/2023

$58,800

$5.47

7/1/2019

$5.70

NNN

233

Discoteca Monterrey

2,350

1.0%

2/1/2005

3/31/2020

$18,804

$8.00

NNN

237

VACANT

4,200

1.9%

239

VACANT

2,500

1.1%

241

VACANT

3,086

1.4%

243

Danny's Y Mas

1,914

0.8%

2/1/2013

1/31/2021

$20,826

$10.88

2/1/2018

$11.38

NNN

245

LA Nails

1,500

0.7%

2/1/2016

1/31/2021

$21,750

$14.50

2/1/2018

$15.00

NNN

247

Big Super Wash & Dry

6,294

2.8%

11/23/2002

11/30/2021

$59,164

$9.40

12/1/2017

$9.50

NNN

247b

Wingstop Restaurant

1,737

0.8%

2/1/2002

1/31/2018

$23,451

$13.50

2/1/2018

$13.00

NNN

253

Family Dollar #1580

10,069

4.4%

2/12/1997

12/31/2021

$91,476

$9.08

1/1/2022

MKT

NNN

MARKET OVERVIEW

Sq Ft

PROPERTY DESCRIPTION

Tenant

FINANCIAL ANALYSIS

Suite

RENT ROLL

PLEASANT GROVE

Tenant

Sq Ft

% of Sq Ft

Start

End

Annual Rent

PSF

Escalation Date

Escalation Amount

Lease Type

257

H&R Block #40898

1,250

0.6%

6/1/1998

4/30/2021

$15,000

$12.00

NNN

261

Inwood National Bank

12,500

5.5%

10/1/1994

4/30/2020

$143,748

$11.50

NNN

301

El Rancho [1]

50,593

22.3%

9/1/1955

3/16/2030

$174,532

$3.45

NNN

401

A-1 Locksmiths

100

0.0%

4/1/1987

10/31/2017

$8,100

$81.00

NNN

207,273

91.5%

$1,343,945

$6.48

19,161

8.5%

226,434

100.0%

Occupied Vacant Total

FINANCIAL ANALYSIS

Suite

PROPERTY DESCRIPTION

Lease Notes: 1. El Rancho - % Rent is calculated as 1% of Tenant’s sales between $7,347,750 and $9,347,750 + 0.5% of Gross sales over $9,347,551

TENANT INFORMATION

PLEASANT GROVE

FINANCIAL ANALYSIS

Tenant Overview Tenant Cicis is an American buffet restaurant chain headquartered in Plano, Texas. In 2015, the company began a new marketing campaign, dropping the “Pizza” and renaming the company to just Cicis. The campaign is aimed at proving Cicis offers more than just pizza. Cicis currently has more than 500 franchised and corporately owned restaurants in 35 states.

Ownership Years In Business Number of Locations Headquarters Website

Cici’s Pizza Private 32 Years 500+ Plano, TX www.cicis.com

PROPERTY DESCRIPTION

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

Private 29 Years

MARKET OVERVIEW

El Rancho Supermarket opened its doors in 1988 with the goal of providing an “At Home” atmosphere every time a customer or employee enters their stores. Founded by strong family values, El Rancho is committed to bringing in the highest quality products at the lowest possible price. El Rancho currently has 17 locations throughout the state of Texas.

El Rancho Supermarket

17 Garland, TX www.elranchoinc.com.com

TENANT INFORMATION

PLEASANT GROVE

FINANCIAL ANALYSIS

Tenant Overview Family Dollar is a variety store chain in the United States. With over 8,100 locations, it is the second largest retailer of its type in the United States. For over 50 years, Family Dollar has provided their customers with value and convenience. With the help of their vendor community they are able to keep their costs low, enabling them to pass those savings down to their customer. Family Dollar is committed to the communities they serve, not only by offering quality merchandise at low prices, but also by supporting the non-profit organizations that seek to improve the quality of life of their customers and Team Members.

Tenant Ownership Years In Business Number of Locations Headquarters Website

Family Dollar Corporate 58 Years 8,000+ Charlotte, NC www.familydollar.com

PROPERTY DESCRIPTION

Tenant Overview Tenant Rainbow Shops, commonly referred to as just Rainbow, is an American retail apparel chain that provides the latest fashion trends at an affordable price. It is one of the leading “fast fashion” retailers in the U.S. drawing inspiration from new trends seen on A-list celebrities and provides them for primarily teens and young women. Along with its sister companies, 5-7-9 and Marianne, Rainbow operates over 1,300 in the United States with each store averaging 5,000 square feet.

Ownership Years In Business Number of Locations Headquarters Website

Rainbow Shops Private 82 Years 1,300+ Brooklyn, NY www.rainbowshops.com

Wingstop Restaurants, Inc., is a chain of nostalgic, aviation-themed restaurants where the sole focus is on chicken wings. Wingstop locations are decorated following a 1930s and 1940s “pre-jet” aviation theme. The restaurant chain was founded in 1994 in Garland, Texas, and began offering franchises in 1998. Since then, Wingstop has grown into a chain with more than 650 restaurants either open or in development. The chain has its headquarters in Dallas, Texas.

Tenant

Wing Stop

Ownership

Corporate

Years In Business Number of Locations Headquarters Website

MARKET OVERVIEW

Tenant Overview

23 Years 1,000+ Dallas, TX www.wingstop.com

INVESTMENT HIGHLIGHTS

PLEASANT GROVE

FINANCIAL ANALYSIS

• 91% Occupied 226,000 sqft Established Grocery Anchored Center Located in Dallas, TX • Value Add Potential - Well Below Market Rents and Converting All Leases to NNN • Anchored by The #1 El Rancho Supermarket in The Chain

PROPERTY DESCRIPTION

• El Rancho Recently Renewed Until 2030 and Simultaneously Remodeled Their Space • A Grocer Has Occupied This Center For 50+ Years • Priced Well Below Replacement Cost - $68.38 psf • Over 52% of The Center is Leased to National or Regional Tenants With Staggered Lease Turnover • Surrounding Retailers Include Walmart, McDonald’s, Walgreens, Chase Bank, CVS, Autozone, O’Reilly’s, Discount Tires, as Well as Many Others

MARKET OVERVIEW

• Over 238,000 People in a 5-Mile Radius • Traffic Counts Exceed 62,000 Cars at the Intersection of Lake June Rd and Buckner Blvd

SITE PLAN

PLEASANT GROVE

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

Vehicle & Bicycle Parking Analysis 13 0 57

Automobile Requirements Suite

DBA (optional)

Use (per Use Code description)

Rainbow Stores

General Merchandise or Food Store

115

CiCi's Pizza

Restaurant w/o drive-thru

117

Dollar Mart

General Merchandise or Food Store

139

111

Area (SF)

Ratio

Required

11,000

200

5,343

100

53.43

20,157

200

100.79

55.00

Extreme Soccer

General Merchandise or Food Store

3,500

200

17.50

141

Vacant

former Ashley Stewart / clothing store

7,350

200

36.75

147

Buckner Barber College

Business School (Max occupancy 35)

2,965

Max Oc

35.00

147b

Vacant

former Baylor Senior Center / medical clinic

6,457

200

32.29

149

Kolor Beauty Salon

Beauty Salon

1,625

200

8.13

153

L'Patricia

General Merchandise or Food Store

8,525

200

42.63

157

Vacant

former Simply 6 / clothing store

2,800

200

14.00

159

Shoeland

General Merchandise or Food Store

3,300

200

16.50

183

Levines

Furniture Store

140.00

28,000

200

188

Viva Shoes & Etc.

General Merchandise or Food Store

4,200

200

223

South Texas Dental

Medical Clinic

5,800

200

29.00

225

Vacant

former Rent-A-Center / furniture store

4,625

500

9.25

229

Vacant

former Ngozi's / clothing store

1,950

200

9.75

230

T-Shirt Plus

General Merchandise or Food Store

10,744

200

53.72

233

Discoteca Monterrey

General Merchandise or Food Store

2,350

200

11.75

237

Vacant

former Marciela / furniture store

4,200

500

8.40

239

Shoe Town

General Merchandise or Food Store

2,500

200

12.50

241

Vacant

former Maxi Beauty Supply / gen merch

3,086

200

15.43

243

Pizza Patron

Restaurant w/o drive-thru

1,914

100

19.14

245

L.A. Nails

Salon

1,500

200

7.50

247

Big Super Wash and Dry

Laundry

6,294

200

31.47

247b

Wing Stop

Restaurant w/o drive-thru

17.37

253

Family Dollar

General Merchandise or Food Store

21.00

100 200

50.35

257

H&R Block

Office

1,050

333

3.15

261

Inwood National Bank

Bank

12,500

333

37.54

301

El Rancho

General Merchandise or Food Store

53,002

200

Total

228,543

1154.33

required

Per 51A-4.315 Reduce required

1238

provided

by 5 = 1149.33

265.01

MARKET OVERVIEW

1,737 10,069

Bicycle Requirements (123 Main Street Example) The greater of 2 bike spaces is required per building site or 1 space per every 25 off-street vehicle spaces. Bicycle parking is triggered by either of the following: 1.New construction; 2. Increase in the floor area of a building site by 10 percent or more or by 2,000 square feet+, whichever is less; 3. A change in land use that requires an increase in off-street parking.

1515 S Buckner Blvd Site (Suites 111-301)

Vehicle Spaces Required (1149.33)/25= 46

30 (max) Required

AERIAL MAP

PLEASANT GROVE

FINANCIAL ANALYSIS

Thelma Elizabeth Page Richardson Elementary School

PROPERTY DESCRIPTION

Annie Webb Blanton Elementary School

Bruton Road S Buckner Blvd

WW Samuell High School

LOCAL MAP

PLEASANT GROVE

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. ÂŠ 2017 STRIVE

REGIONAL MAP

PLEASANT GROVE

MARKET SUMMARY

PLEASANT GROVE

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

DALLAS, TX 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.

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.

MARKET OVERVIEW

The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 6,810,913 people as of July 1, 2013. The metropolitan economy is the sixth largest in the United States, with a 2012 real GDP of $420.34 billion. In 2013 the metropolitan area led the nation with the largest year-over-year increase in employment, and advanced to become 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 2013, 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 12 Fortune 500 companies, and the DFW region as a whole has 20.

DEMOGRAPHIC SUMMARY

PLEASANT GROVE

Geography: 5 miles

FINANCIAL ANALYSIS

Population In the identified area, the 2016 population was 238,932. The rate of change since 2010 was 0.84%. The five-year projection for the population in the area was 253,199 representing a change of 1.17% from 2016 to 2021. The 2016 population was 49.3% male and 50.7% female. The median age in this area was 27.9, compared to U.S. median age of 38.0.

Households In 2016 there were 72,260 households in your selected geography. The number of households has changed by 0.60% since 2010. It is estimated that the number of households in your area will be 76,055 five years from 2016, which represents a change of 1.03% from 2016. The average household size in your area for 2016 was 3.29 persons.

PROPERTY DESCRIPTION

Income In 2016, the median household income for your selected geography was $35,045, compare this to the Entire US average which was currently $54,149. It is estimated that the median household income in your area will be $33,340 five years from 2016, which represents a change of -0.99% from 2016. The 2016 per capita income in your area was $14,035, compared to the Entire US average, which was $29,472. The 2016 average household income in your area was $45,838, compared to the Entire US average which was $77,008.

Race and Ethnicity The 2016 racial makeup of your selected area was as follows: 38.6% White, 31.8% Black, 0.8% Native American and 0.8% Asian/Pacific Islander. Compare these to Entire US averages which were: 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 54.4% of the 2016 population in your selected area. Compare this to the Entire US average of 17.9%.

MARKET OVERVIEW

Housing In 2016, there were 36,502 owner occupied housing units in your area and there were 35,757 renter occupied housing units in your area. Median home value in the area was $84,367, compared to a median home value of $198,891 for the U.S.

Employment In 2016, there were 95,144 employees in your selected area; this is also known as the daytime population. In 2016, 39.1% of employees were employed in white-collar occupations in this geography, and 37.2% were employed in blue-collar occupations. In 2016, unemployment in this area was 7.0%. Demographic data ÂŠ 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. ÂŠ 2017 STRIVE

DEMOGRAPHIC STATISTICS 1 Mile

3 Miles

5 Miles

Income

1 Mile

3 Miles

5 Miles

2000 Population

16,703

103,988

213,255

$ 0 - $14,999

14.5%

19.2%

19.5%

2010 Population

18,687

115,462

226,759

$ 15,000 - $24,999

15.7%

16.0%

15.0%

2016 Population

19,703

121,410

238,932

$ 25,000 - $34,999

17.4%

16.7%

15.4%

2021 Population

20,804

128,359

253,199

$ 35,000 - $49,999

20.5%

18.6%

17.2%

$ 50,000 - $74,999

16.1%

16.3%

16.7%

$ 75,000 - $99,999

7.0%

6.9%

8.0%

$100,000 - $149,999

6.7%

4.6%

6.0%

1.4%

0.9%

1.3%

1 Mile

3 Miles

5 Miles

$200,000 +

0.8%

0.7%

0.9%

2000 Households

4,642

30,193

68,288

2016 Median Household Income

$36,219

$33,510

$35,045

2010 Households

4,708

31,845

69,608

2016 Per Capita Income

$11,628

$11,789

$14,035

2016 Households

4,854

32,966

72,260

2016 Average Household Income

$46,918

$43,047

$45,838

2021 Households

5,080

34,617

76,055

2016 Daytime Population

16,024

101,827

207,382

4.06

3.67

3.29

2010 Owner Occupied Housing Units

67.0%

53.2%

47.8%

2010 Renter Occupied Housing Units

26.1%

37.8%

41.5%

2010 Vacant

6.9%

9.1%

10.7%

2016 Owner Occupied Housing Units

63.9%

50.0%

44.9%

2016 Renter Occupied Housing Units

28.9%

40.6%

44.0%

7.1%

9.4%

11.0%

2021 Owner Occupied Housing Units

63.2%

49.5%

44.7%

2021 Renter Occupied Housing Units

29.7%

41.0%

44.3%

7.1%

9.5%

11.0%

2016 Average Household Size

2016 Vacant

Traffic Counts

MARKET OVERVIEW

2021 Vacant

PROPERTY DESCRIPTION

$150,000 - $199,999 Households

FINANCIAL ANALYSIS

Population

PLEASANT GROVE

39,820

22,760

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.

Net Lease 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 net leased 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 net leased 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 net leased 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 tenant 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 tenant 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 lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant 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.

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain

the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

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