Offering Memorandum - Prime Pad Sites - Crossroads, TX

LAND FOR SALE

PRIME COMMERCIAL PAD SITES 10001 U.S. 380, CROSS ROADS, TX 76227

FOR SALE PRESENTED BY: CLASSEN REALTY GROUP

123 N. Edward Gary Street 2nd Floor San Marcos, Texas 78666

MITCHELL CLASSEN, CCIM

Broker, GRI | President office: (512) 971-3415 cell: (512) 971-3415 mitchell@classenrealtygroup.com 9009393, Texas This notice is provided to all potential buyers, brokers/agents, principals, and or any party interested in the above properties, or other properties in connection with the broker/agent below. The information contained herein has been obtained from sources believed to be reliable. Mitchell Classen, Broker, Classen Realty Group, makes no guaranties or warranties as to the accuracy thereof. The presentation of the property is submitted subject to the possibility of errors, omissions, change of price, pending/prior sale, or other conditions, lease or financing, or withdrawal without notice. Information is provided for courtesy/guidance

PROPERTY SUMMARY 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

Property Summary Price:

Property Overview $750,000 - Each Lot or $1,500,000 for Both

Combined Lot Size:

2.51 Acres

Excellent opportunity to acquire one or two prime pad sites that surround the hard corner of US 380 & Naylor Road in the fast growing Town of Crossroads, TX. These two sites are 1.04 acres & 1.47 acres respectively. Each site will have access to water, sewer, and electricity along with a curb cut onto their respective roadway. The Owner is in the process of platting the property and will deliver a platted lot upon closing. The lots are zoned C2 - Retail & General Commercial which allows for a wide variety of Retail & Commercial uses including Auto Repair, Bank, Car Wash, Drug Store, C-Store, Hotel/Motel, Restaurant, Retail Store.

Access:

Curb Cuts

Location Overview

Acreage - Lot 1

1.04 Acres

$/SF - Lot 1

$16.55/SF

Acreage - Lot 3

1.47 Acres

$/SF - Lot 3

Frontage: Traffic Count:

$11.71/SF

175' on US 380 & 158' on Naylor 32,365 VPD (2019) US 380 12,525 VPD (2021) Naylor

Utilities:

All Utilities to Site

Zoning:

C2 - Retail & General Commercial

The subject properties are off US HWY 380 & Naylor Road, bridging the thriving cities of Denton and McKinney. Capitalize on extensive exposure from the commuter route, US 380, and the substantial residential and commercial growth surrounding the sites.

Benefit from a bustling retail environment and diverse customer base fueled by proximity to beautiful Lake Lewisville.

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

PROPERTY PHOTOS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

PROPERTY PHOTOS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

PROPERTY PHOTOS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

PROPERTY PHOTOS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

PROPERTY PHOTOS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

PROPERTY PHOTOS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

LOCATION MAPS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

BUSINESS MAP 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

REGIONAL MAP 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

SURVEY 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

ZONING REGULATIONS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227 Downloaded from https://ecode360.com/CR6528

§ 14.03.075

§ 14.03.076

(G) The garage shall not be used for storage, thereby prohibiting the parking of an operable vehicle.

(H) No carports shall be allowed.

(15) Site plan approval.See section 14.03.111.

(16) Landscaping plan approval.See section 14.03.112.

(17) Tree preservation.See article 3.08.

(18) Plan submittals.

(A) An approved site plan shall be a prerequisite for the granting of MF multiple-family residential district zoning classification and to the issuance of a building permit or certificate of occupancy for any property in an MF district. Information required to be submitted, approval of the site plan, and any administrative action shall be in accordance with this article to the extent such requirements are applicable to a commercial district.

(B) The purpose of the site plan review is: (i)

To insure compliance with the zoning ordinance, while allowing for design flexibility;

(ii) To assist in the orderly and harmonious development of the city; (iii) To protect adjacent uses from obstructions to light, air, and visibility; (iv) To provide compliance with fire code provisions; (v) To avoid undue concentrations of population and overcrowding of land; (vi) To facilitate the adequate provision of transportation, water, sewage, [sic]; (vii) To insure adequate drainage and other public requirements.

(C) Applicants shall, in conjunction with a site plan, demonstrate compliance with other applicable provisions of the Code of Ordinances and shall submit a facade plan, an elevation plan, a tree survey, an erosion control plan, a traffic impact analysis, and any other plan, survey, or study as may be required by the town engineer.

(19) Zoning approval.Site, elevation, and facade plans shall be reviewed by the town’s staff prior to submittal to the planning and zoning commission. The planning and zoning commission shall, after conducting a public hearing, recommend approval of an application for a multiple-family dwelling complex if the proposed development meets all the minimum standards established in this article and other applicable ordinances, and if the commission finds that the proposed development will not be detrimental to the health, safety, or welfare of the surrounding neighborhood or its occupants, or be substantially or permanently injurious to neighboring property. The commission shall recommend disapproval of any application which fails to meet the above criteria or is in conflict with the comprehensive plan.

(Ordinance 2013-1216-01 adopted 12/16/13; Ordinance 2021-0419-02 adopted 4/19/21) § 14.03.076. C - Commercial district. (a) Regulations set forth in this section are the district regulations in the C - Commercial District. The :9 Downloaded from https://ecode360.com/CR6528 on 2023-06-23

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

ZONING REGULATIONS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227 Downloaded from https://ecode360.com/CR6528

§ 14.03.076

district shall be divided into two (2) sub-districts called C-1 and C-2.

§ 14.03.076

(b) Uses.In the two sub-districts of C - Commercial District, no building or land shall be used and no building shall be hereafter erected, reconstructed, enlarged or converted unless otherwise provided in this article, except for one or more of the following uses as defined by sub-district: (1) C - 1 (Office).

(A) Art gallery or museum; (B) Bank or other financial institution (also C-2); (C) Barber, beauty shop, spa (also C-2); (D) Caterer, wedding service, event planning; (E) Clinic or professional office; (F) Church or rectory; (G) College/university/private/elementary/secondary school; (H) Community center; (I)

Country club or golf course (private), but not including miniature golf course, driving range, or similar forms of commercial amusement;

(J) Daycare or kindergarten; (K) Drycleaner, less than 2,000 sq. ft. (also C-2); (L) Fire station (also C-2); (M) Florist (also C-2); (N) Fuel Station (also C-2); (O) Hospital; (P) Hotel/Motel; (Q) Institutions of religious or philanthropic nature; (R) Library; (S) Office; (T) Nursery[;] (U) Nursing home or assisted living; (V) Park or playground; (W) Realty office; (X) Studio/school for visual or performing arts; (Y) Utilities office; :10 Downloaded from https://ecode360.com/CR6528 on 2023-06-23

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

ZONING REGULATIONS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227 Downloaded from https://ecode360.com/CR6528

§ 14.03.076

§ 14.03.076

(Z) One accessory building, customarily associated with any of the above establishments to which they refer, except they shall not be placed within any required setbacks; (AA) Any use or public building to be used or erected by the town; (BB) No mobile home or HUD manufactured homes shall be permitted.

(2) C - 2 (Retail and General Commercial).

(A) Antique shop; (B) Automobile repair garage; (C) Bakery, where items are available for sale to the general public; (D) Bank or other financial institution (also C-1); (E) Barber, beauty shop, or spa (also C-1); (F) Batting practice facility - 500 ft. min. from residential, must have shielded lights; (G) Bird or pet shop; (H) Book, card, stationary store; (I)

Bowling alley, if air-conditioned and soundproofed;

(J) Camera shop; (K) Candy, cigar, tobacco shop; (L) Carwash; (M) Dry Cleaning or pressing shop, less than 2,000 sq. ft.; (N) Clothing or shoe store; (O) Department or specialty store; (P) Drug store, retail only; (Q) Electrical goods; (R) Farm implement display or sales room; (S) Florist (also C-1); (T) Fuel Station (also C-1); (U) Furniture store, where all display and storage is within the building; (V) Golf driving range - 1,000 ft. min. from residential, must have shielded lights; (W) Grocery or convenience store; (X) Hardware store; (Y) Hotel or motel (also C-1); :11 Downloaded from https://ecode360.com/CR6528 on 2023-06-23

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

ZONING REGULATIONS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227 Downloaded from https://ecode360.com/CR6528

§ 14.03.076

§ 14.03.076

(Z) Jewelry store;

(AA) Laundry (automatic), equipped with machines customarily found in the home, where custom laundering, if finishing may be done, not to exceed 6,000 sq. ft.; (BB) Meat market; (CC) Miniature golf course - 500 ft. min. from residential district; (DD) Movie theater - housed in acoustically treated building; (EE) Piano or musical instrument sales; (FF) Print shop that is open to the general public; (GG) Restaurant or cafeteria with or without on-premises alcohol beverage sales; (HH) Retail store for custom work or making of articles to be sold for retail on the premises, min. 50% retail sales; (II) Retail store - no on-site manufacturing; (JJ) Shoe repair shop; (KK) Sports club - except pistol and rifle range; (LL) One accessory building, customarily associated with any of the above establishments to which they refer, except they shall not be placed within any required setbacks; (MM) Any use or public building to be used or erected by the town; (NN) No mobile home or HUD-manufactured homes shall be permitted. (c) Building regulations.

(1) Main building exterior designs in the commercial districts shall be in accordance with the architectural guidelines of this article. The use of other exterior building materials shall be on an exception basis as may be approved by the town council after recommendation from the commission. Exterior building designs, elevations and facades shall be submitted to town staff for review with respect to conformance with the “Texas Country” architectural theme prior to consideration of a building permit application by the town council. Building elevation/facade plans shall include an architectural rendering showing all four elevations of the proposed building. Upon approval, the rendering shall become part of the zoning for that site. No building shall be hereafter erected, reconfigured, enlarged, or converted unless the appropriate building permit has been requested and approved. Building elevations/facade plans shall be submitted as a part of the site plan and building permit application process.

(2) All mechanical equipment and loading docks shall be constructed, located and screened from public view either by landscaping materials or masonry that blend with the building, so as not to interfere with the peace, comfort, and repose of the occupants of any adjoining building or residence.

(3) Refuse collection areas shall be screened from public view.

(4) All utilities shall be underground. This includes, in addition to those normally installed underground, electric distribution facilities, telephone cable and individual business services. :12 Downloaded from https://ecode360.com/CR6528 on 2023-06-23

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

ZONING REGULATIONS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227 Downloaded from https://ecode360.com/CR6528

§ 14.03.076

§ 14.03.077

(5) All outside storage must be screened from public view either by landscaping materials or masonry that blend with the building. The only exception is the display of Christmas trees for a period not to exceed thirty (30) days prior to Christmas each year, which does not have to be screened; however a permit is still required.

(6) All swimming pools must have protective fence at least four feet (4) in height with a selflatching gate of a design to prevent children and animals from freely entering the pool. Where a wall of a building serves as part of the barrier, doors with direct access to the pool through that wall, shall be equipped with an alarm which produces an audible warning when the door and its screen, if present, are opened. No pool will be closer than fifteen feet (15') to any property line.

(7) The maximum height for the main building, including roof mounted mechanical equipment shall be two and one-half (2-1/2) standard stories, but shall not exceed thirty-five feet (35') in height.

(8) The town has adopted an architectural theme for the design and construction of buildings and structures in the commercial and light industrial districts as set forth in this article. All new and renovated buildings and structures within this district should be designed and constructed in accordance with the architectural guidelines of this article.

(d) Area regulations.

(1) Building area.The total building area, including accessory buildings, shall not exceed floor area-to-land ratio of 0.40 to 1.

(2) Lot area.Minimum one (1) acre net, exclusive of all street rights-of-way and the 100-year flood plain as determined by a registered survey.

(3) Front yard.Minimum fifty feet (50') from property line.

(4) Side yard.Minimum fifteen feet (15') from property line and not to include any parking area.

Minimum one hundred feet (100') from residential district.

(5) Rear yard.Minimum fifteen feet (15') from property line and not to include any parking area.

Minimum one hundred feet (100') from residential district.

(6) Parking regulations.

(A) Adequate off-street parking space shall be provided to meet the requirements of the customers, guests and employees of each business structure (See section 14.03.113).

(B) Off-street driveways and parking areas shall be paved with asphalt or concrete and maintained to town specifications so as to eliminate dust or mud, and shall be so graded and drained as to dispose of all surface water. (e) Site plan approval.See section 14.03.111. (f)

Landscaping plan approval.See section 14.03.112.

(g) Tree preservation.See article 3.08 of the Town of Cross Roads Code of Ordinances.

(2002 Code, sec. 12.111; Ordinance 2006-0814-02, sec. 2, adopted 8/14/06; Ordinance 2006-1009-01, sec. I.A.4., adopted 10/9/06; Ordinance 2017-0619-01 adopted 6/9/17; Ordinance 2021-0419-02 adopted 4/19/21) :13 Downloaded from https://ecode360.com/CR6528 on 2023-06-23

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

ZONING MAP 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

Amended March 15, 2021 via Ordinance 2021-0315-02 Zoning Changes: 1. 7200 US 380; C-2 4/19/21 2. 4700 S. Potter Shop; SF 7/19/21 3., 4. 7557 US 377; C-2 & SUP 7/19/21 5. 3201 US 380; C-1 9/19/22 3. 4.

6. 8800 US 380; C-1 2/13/23 7. 8700 US 380; C-1 3/20/23

5.

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4-3 MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

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MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

DEMOGRAPHICS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

Population Male Female Total Population

1 Mile N/A N/A N/A

3 Miles 8,464 7,398 15,862

5 Miles 18,714 16,742 35,456

Age Ages 0-14 Ages 15-24 Ages 55-64 Ages 65+

1 Mile N/A N/A N/A N/A

3 Miles 4,125 2,460 1,947 2,277

5 Miles 8,758 5,550 3,935 5,137

Race White Black Am In/AK Nat Hawaiian Hispanic Multi-Racial

1 Mile N/A N/A N/A N/A N/A N/A

3 Miles 13,879 1,119 25 1 1,997 1,648

5 Miles 29,894 2,144 98 1 7,088 6,580

Income Median < $15,000 $15,000-$24,999 $25,000-$34,999 $35,000-$49,999 $50,000-$74,999 $75,000-$99,999 $100,000-$149,999 $150,000-$199,999 > $200,000

1 Mile N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

3 Miles $82,782 193 107 267 621 1,537 1,033 1,079 176 290

5 Miles $69,425 555 742 825 1,589 3,073 2,014 2,280 363 453

Housing Total Units Occupied Owner Occupied Renter Occupied Vacant

1 Mile N/A N/A N/A N/A N/A

3 Miles 5,383 5,073 4,266 807 310

5 Miles 12,524 11,519 9,404 2,115 1,005

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

POPULATION TRENDS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

POPULATION TRENDS AND KEY INDICATORS 10001 US Highway 380, Crossroads, Texas, 76227

Ring band of 0 - 1 miles

3,320

1,278

2.60

36.5

$102,066

$539,216

131

65

73

Population

Households

Avg Size Household

Median Age

Median Household Income

Median Home Value

Wealth Index

Housing Affordability

Diversity Index

MORTGAGE INDICATORS

Historical Trends: Population 3,300 3,200 3,100

$17,244

31.7%

Avg Spent on Mortgage & Basics

Percent of Income for Mortgage

POPULATION BY AGE

3,000 2,900

POPULATION BY GENERATION

Home Value

2.2%

15.8%

21.1%

Greatest Gen: Born 1945/Earlier

Baby Boomer: Born 1946 to 1964

Generation X: Born 1965 to 1980

35% 30% 25% 20% 15% 10% 5% 0%

Housing: Year Built 60% 50% 40%

Under 18

(27.2%)

Ages 18 to 64

(61.4%)

Aged 65+

(11.3%)

25.8%

25.2%

9.9%

30%

Millennial: Born 1981 to 1998

Generation Z: Born 1999 to 2016

Alpha: Born 2017 to Present

10%

Source: Esri, Esri-U.S. BLS, ACS Esri forecasts for 2023, 2028, 2017-2021 © 2023 Esri

20% 0%

Source: This infographic contains data provided by Esri, Esri-U.S. BLS, ACS. The vintage of the data is 2023, 2028, 2017-2021.

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

POPULATION TRENDS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

POPULATION TRENDS AND KEY INDICATORS 10001 US Highway 380, Crossroads, Texas, 76227

Ring band of 1 - 3 miles

24,709

8,198

3.01

34.8

$105,656

$336,406

123

108

72

Population

Households

Avg Size Household

Median Age

Median Household Income

Median Home Value

Wealth Index

Housing Affordability

Diversity Index

MORTGAGE INDICATORS

Historical Trends: Population 24,500 24,000 23,500 23,000

$17,324

19.1%

Avg Spent on Mortgage & Basics

Percent of Income for Mortgage

POPULATION BY AGE

22,500 22,000 21,500 21,000

POPULATION BY GENERATION

Home Value 25% 20% 15% 10%

1.8%

13.5%

19.2%

Greatest Gen: Born 1945/Earlier

Baby Boomer: Born 1946 to 1964

Generation X: Born 1965 to 1980

5% 0%

Housing: Year Built 40% 30%

Under 18

(29.5%)

Ages 18 to 64

(60.8%)

Aged 65+

(9.7%)

28.4%

25.8%

11.3%

Millennial: Born 1981 to 1998

Generation Z: Born 1999 to 2016

Alpha: Born 2017 to Present

Source: Esri, Esri-U.S. BLS, ACS Esri forecasts for 2023, 2028, 2017-2021 © 2023 Esri

20% 10% 0%

Source: This infographic contains data provided by Esri, Esri-U.S. BLS, ACS. The vintage of the data is 2023, 2028, 2017-2021.

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

POPULATION TRENDS 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

POPULATION TRENDS AND KEY INDICATORS 10001 US Highway 380, Crossroads, Texas, 76227

Ring band of 3 - 5 miles

62,884

21,393

2.94

34.4

$108,006

$350,844

125

107

77

Population

Households

Avg Size Household

Median Age

Median Household Income

Median Home Value

Wealth Index

Housing Affordability

Diversity Index

MORTGAGE INDICATORS

Historical Trends: Population 60,000 55,000

$17,422

19.5%

50,000

Avg Spent on Mortgage & Basics

Percent of Income for Mortgage

45,000

POPULATION BY AGE

POPULATION BY GENERATION

Home Value 30% 20%

2.1%

13.9%

19.7%

Greatest Gen: Born 1945/Earlier

Baby Boomer: Born 1946 to 1964

Generation X: Born 1965 to 1980

10% 0%

Housing: Year Built 40%

Under 18

(28.6%)

Ages 18 to 64

(61.1%)

Aged 65+

(10.3%)

27.9%

25.1%

11.3%

Millennial: Born 1981 to 1998

Generation Z: Born 1999 to 2016

Alpha: Born 2017 to Present

Source: Esri, Esri-U.S. BLS, ACS Esri forecasts for 2023, 2028, 2017-2021 © 2023 Esri

30% 20% 10% 0%

Source: This infographic contains data provided by Esri, Esri-U.S. BLS, ACS. The vintage of the data is 2023, 2028, 2017-2021.

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com

PROFESSIONAL BIO 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

MITCHELL CLASSEN, CCIM Broker, GRI | President mitchell@classenrealtygroup.com Direct: (512) 971-3415 | Cell: (512) 971-3415

9009393, Texas

As President of Classen Realty Group, my primary mission is to ensure that our Client’s best interests and expectations are not only met but exceeded and that the values of Classen Realty Group are clearly displayed through every interaction. While providing services that value relationships over transactions, and quality over quantity.

From the first contact to the closing table, I want to ensure that your entire transaction is handled with professionalism, excellent communication, and the utmost integrity. My work ethic, determination, and raw drive originated from family generations of business owners and years spent working on the family farm in Central Texas.

While attending Texas State University and earning my degree in Construction Science & Management with a Business minor, I interned with SpawGlass a large Texas-based commercial construction company. Through them, I gained invaluable experience in all aspects of the business, especially within the corporate level standard practices that I’ve implemented all while giving white-glove service within Classen Realty Group.

My passion for Real Estate became more evident through each new experience with personal projects, starting with a father-son partnership, Classen Properties, LLC. My prior experiences and knowledge combined with that of my Father’s was the perfect combination for a successful venture. More importantly, I discovered the fulfillment that comes with helping others realize their own real estate goals. It was at that point that I established Classen Realty Group; A full-service commercial real estate brokerage serving the Greater Central Texas Region.

Classen Realty Group 123 N. Edward Gary Street 2nd Floor San Marcos, Texas 78666 512.402.5263

DISCLAIMER 10001 US 380 Crossroads, TX 10001 U.S. 380 | Cross Roads, TX 76227

All materials and information received or derived from Classen Realty Group its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither Classen Realty Group its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Classen Realty Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Classen Realty Group makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Classen Realty Group does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants, and governmental agencies. All properties and services are marketed by Classen Realty Group in compliance with all applicable fair housing and equal opportunity laws.

MITCHELL CLASSEN, CCIM (512) 971-3415 mitchell@classenrealtygroup.com