Arlington Park Plaza - Arlington, TX

ARLINGTON PARK PLAZA ARLINGTON, TX (DFW MSA)

PRI CING & F INAN CI AL AN ALYSI S

AR LING TO N PAR K P LAZ A

Arlington Park Plaza 3803 S Cooper St Arlington, TX 76015

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

PRO FORMA SUMMARY* $6,950,000 6.24% $433,609 $125.50 70.0% 1987 55,378 SF 5.07 Acres

Price Cap Rate Net Operating Income

$6,950,000 9.67% $672,037

Price PSF

$125.50

Occupancy

99.23%

*Proforma is based on the vacant 16,138 SF space being leased at $12.00 PSF NNN. This is below the average rental rate in the center of $13.62 PSF

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

2

PRI CING & F INAN CI AL AN ALYSI S

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

AR LING TO N PAR K P LAZ A

EXPENSES

CURRENT

PSF

$525,717

$9.49

Real Estate Taxes

$525,717

$9.49

Insurance

CURRENT

PSF

$163,687

$2.96

$9,573

$0.17

CAM

Expense Reimbursements Real Estate Tax Recoveries

$114,591

$2.07

Electric - CAM

$5,661

$0.10

Insurance Recoveries

$7,429

$0.13

Water / Sewer - CAM

$17,677

$0.32

CAM Recoveries

$86,035

$1.55

Common Area

$27,785

$0.50

Management Recoveries

$6,084

$0.11

Landscaping

$25,297

$0.46

Total Expense Reimbursements

$214,139

$3.87

Cleaning Contract

$13,955

$0.25

EFFECTIVE GROSS REVENUE

$739,860

$13.36

Trash Removal

$2,285

$0.04

Security and Saferty

$8,458

$0.15

$2,399

$0.04

$783

$0.01

Operating Expenses $163,687

$2.96

Roof Maintenance

$9,573

$0.17

Plumbing and Drain

Total CAM

$110,855

$2.00

Electrical Repairs

$1,554

$0.03

Management Fee

$22,136

$0.40

Accounting Fee

$5,000

$0.09

Total Recoverable Expenses

$306,250

$5.53

Total CAM

$110,855

$2.00

Net Operating Income

$433,609

$7.83

Management Fee

$22,136

$0.40

$306,250

$5.53

Total Real Estate Taxes Total Insurance

Total Expenses For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com

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

3

RE NT RO L L

Tenant

AR LING TO N PAR K P LAZ A

Suite

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Universal Melody

1

3,780

6.83%

03/11

03/26

$55,226

$4,602

$14.61

$22,364

$5.92

$77,590

10.45%

Pet Supplies Plus

3

9,905

17.89%

05/13

08/23

$159,792

$13,316

$16.13

$54,048

$5.46

$213,840

28.81%

COLAW Fitness

4

21,583

38.97%

09/20

08/30

$241,730

$20,144

$11.20

$115,424

$5.35

$357,154

48.12%

4B

16,183

29.22%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

5

3,500

6.32%

03/13

06/23

$68,970

$5,748

$19.71

$22,303

$6.37

$91,273

12.30%

COMM

427

0.77%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Total Count/GLA

6

55,378

100%

Totals

$525,717

$43,810

Occupied

4

38,768

70.0%

Available

2

16,610

30.0%

$13.56

38,768

100.0%

Available Ikids Pediatric Dentist Available

Total Avg Rent

$214,139

$739,856 100.00%

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

4

E S TI MATED REIMBUR SEMEN T R EVEN U E

Tenant

Suite

SQ FT

% of SQFT

AR LING TO N PAR K P LAZ A

Real Estate Taxes

Insurance

CAM

Management Fee

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Universal Melody

1

3,780

6.83%

$927

$2.94

$63

$0.20

$725

$2.30

$145

$0.46

$1,860

$5.90

Pet Supplies Plus

3

9,905

17.89%

$2,430

$2.94

$164

$0.20

$1,900

$2.30

$0

$0.00

$4,494

$5.44

COLAW Fitness

4

21,583

38.97%

$5,294

$2.94

$342

$0.19

$3,960

$2.20

$0

$0.00

$9,596

$5.34

4B

16,183

29.22%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

5

3,500

6.32%

$858

$2.94

$50

$0.17

$584

$2.00

$362

$1.24

$1,855

$6.36

COMM

427

0.77%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

55,378

100%

$9,549

Available Ikids Pediatric Dentist Available Totals

$619

$7,170

$507

$17,845

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

5

L E A SE PROVIS ION S

Tenant

AR LING TO N PAR K P LAZ A

Suite

SQ FT

Base Rental Increases

User Restrictions & Exclusive Rights

Renewal Options

Date

PSF

Options

Date

PSF

$14.98 $15.35 $15.73 $16.13

None

-

-

Retail musice sales , service and rental

Universal Melody

1

3,780

4/22 4/23 4/24 4/25

Pet Supplies Plus

3

9,905

-

$0.00

1st 2nd

9/23 9/28

$16.87 $19.40

Live animals, pet supplies

COLAW Fitness

4

21,583

09/25

$12.32

1st 2nd

9/30 9/35

$13.55 $14.91

Fitness, training coaching, tanning

4B

16,183

-

$0.00

5

3,500

-

$0.00

1st 2nd

7/23 7/28

$21.68 $23.83

Dental Office

COMM

427

-

$0.00

-

-

-

-

Available Ikids Pediatric Dentist Available Totals

-

55,378

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

6

TE NA NT INF ORMAT I ON

AR LING TO N PAR K P LAZ A

DBA

Pet Supplies Plus

Locations

560+ Locations

Public/Private

Private

Line of Business

Pet Supplies Plus is a privately held pet supply retailing corporation with a major presence in the US. As of 2005, it was the third largest specialty pet food retailer in the United States. The company began adding franchise locations in the Midwest, expanding into the northeastern and southern states during the late 1990s. As of February 2021, Pet Supplies Plus store locations consisted of over 560 stores in 36 states.

DBA

Colaw Fitness

Locations

5 Locations

Public/Private

Private

Line of Business

Colaw Fitness is a 24 hour access fitness facility offering free tanning, free massage, and free trainer instruction for as low as $5 per month. At Colaw Fitness they are proud to donate the first dollar of every membership to drilling water wells in Africa and supporting bullying prevention and character development programs in its own communities.

DBA

iKids Pediatric Dentistry and Orthodontics

Locations

15+ Locations

Public/Private

Private

Line of Business

Kids Pediatric dentistry has dedicated itself to the children and parents they serve as well as to the communities. iKids philanthropic style has set the stage since their winter opening in 2009. From partnering with Disney and the American Heart Association, to creating partners in education with the local school districts, to sponsoring cities, and communities, iKids wholeheartedly believes that everyone can make a difference in this world.

PROPERTY DESCRIPTION

7

I N VE S TMENT HI GHLI GHT S

• Meaningful

upside

with

AR LING TO N PAR K P LAZ A

approximately

16,500

square feet available for lease. With an estimated $12 rental rate, an additional $200,000 in revenue is possible. This translates to additional value of almost $3M. • Well below replacement cost at $125.50 psf.

• The property is located on one of the busiest arteries in Arlington with almost 100,000 cars per day.

• The property is located on the ring road to the Parks at Arlington Mall, the 2nd highest revenue generating mall in DFW. • The area is densely populated with over 45,000 people located in a 3 mile radius.

• The property is located in the most active retail submarket of Arlington.

• National Retailers in the area include Lowe’s, Sam Moon, Tuesday Morning, Spec’s, Burlington, Five Guys, Whataburger, IHOP, Outback Steakhouse, Academy and Many More

PROPERTY DESCRIPTION

8

ab le

ail

Av

law

Co

Fi tn es

s

I De kids nt Un i ive st Me rs lo al dy

Su Pl ppl us ie s

Pe t

S I T E PL A N AR LING TO N PAR K P LAZ A

PROPERTY DESCRIPTION

9

A E R I AL MA P

42 3

V PD

AR LING TO N PAR K P LAZ A

98 ,

KEY ELEMENTARY SCHOOL

SITE

57,532

V PD

ST S CO O P E R

THE PARKS MALL AT ARLINGTON

R

MO N ME AGA E R LD ONA

R IAL

HW Y

INTERNATIONAL LEADERSHIP OF TEXAS, ARLINGTON K-8

WILLIAMS ELEMENTARY SCHOOL

MARKET OVERVIEW

10

LO C AL MA P

AR LING TO N PAR K P LAZ A

MARKET OVERVIEW

11

REG IONA L MA P

AR LING TO N PAR K P LAZ A

MARKET OVERVIEW

12

M A R KET S U MMARY

AR LING TO N PAR K P LAZ A

Dallas - Fort Worth, TX

OVERVIEW Dallas encompasses half of the Dallas-Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States.

Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas-Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States.

The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates. From 2010 to 2019, the DFW Metroplex had the largest numerical population growth of any MSA in the United States.

The metropolitan economy is the fourth-largest and third-fastest growing in the United States, with a 2017 real GDP of $535.5 billion. In 2018, Dallas had both the highest job growth rate and the most jobs added in the nation, and is the fourth-largest employment center in the nation (behind New York

City, Los Angeles, and Chicago) with more than three million non-farm jobs. In the latest rankings released in 2018, Dallas was rated as a “beta plus” world city by the Globalization and World Cities Study Group & Network. Dallas is also ranked 14th in world rankings of GDP by the Organization for Economic Cooperation and Development. The DFW Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. As of 2020, the city of Dallas has 10 Fortune 500 companies, and the DFW region as a whole has 25.

Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations.

Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.

Q U I C K S TAT S

No.

1

4 5th 25

th

10K

Fastest Growing MSA in the U.S. from 2010 to 2019 (U.S. Census Bureau) Largest Metropolitan Area in the United States Fastest Growing Economy in the U.S. (Forbes) Fortune 500 Companies Call DFW Home (American City Business Journals) Home to over 10,000 corporate headquarters, making it the largest concentration in the U.S. MARKET OVERVIEW

13

D E M OG RA PHIC STAT I ST I CS

AR LING TO N PAR K P LAZ A

1 Mile

3 Mile

5 Mile

Population

1 Mile

3 Mile

5 Mile

Households:

2010 Population

9,851

117,362

312,014

2010 Households

3,929

43,107

110,281

2020 Population

10,199

125,156

337,808

2020 Households

3,985

45,256

118,253

2025 Population Projection

10,532

129,834

351,192

2025 Household Projection

4,101

46,821

122,736

Annual Growth 2010-2020

0.30%

0.60%

0.80%

Annual Growth 2010-2020

-0.20%

0.10%

0.30%

Annual Growth 2020-2025

0.70%

0.70%

0.80%

Annual Growth 2020-2025

0.60%

0.70%

0.80%

Median Age

34.9

34.5

34

Owner Occupied

1,874

27,505

74,297

Bachelor's Degree or Higher

25%

26%

26%

Renter Occupied

2,226

19,316

48,438

12

36

127

Avg Household Size

2.5

2.7

2.8

2

2

2

$111M

$1.4B

$3.7B

Avg Household Income

$76,138

$83,334

$83,939

Median Household Income

$56,831

$63,973

$66,240

< $25,000

638

7,041

18,712

U.S. Armed Forces

Avg Household Vehicles

Population by Race

Total Consumer Spending

White

7,133

82,748

223,035

Black

1,905

26,151

73,129

American Indian/Alaskan Native

70

1,208

3,271

Asian

858

11,308

28,321

9

250

650

Two or More Races

224

3,491

9,402

$25,000 - 50,000

1057

10,390

25,045

Hispanic Origin

2,871

34,708

103,639

$50,000 - 75,000

751

9,144

23,967

$75,000 - 100,000

519

5,871

16,516

Hawaiian & Pacific Islander

Housing Median Home Value Median Year Built

Demographic data © CoStar 2021

Income

$193,684

$190,167

$196,370

$100,000 - 125,000

346

4,177

10,951

1980

1982

1983

$125,000 - 150,000

277

3,182

8,499

$150,000 - 200,000

254

2,935

8,386

$200,000+

141

2,516

6,177

MARKET OVERVIEW

14

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 tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

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

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

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

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

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

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

Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.

• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and • buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.

• Must not, unless specifically authorized in writing to do so by the party, disclose: ӽ that the owner will accept a price less than the written asking price; ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽ 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