Boswell Towne Center - Saginaw, TX

BOSWELL TOWNE CENTER SAGINAW, TX

(DALLAS-FORT WORTH MSA)

PRI CING & F INAN CI AL AN ALYSI S

B O SWE LL TOWNE C E NT E R

Boswell Towne Center 1209 N Saginaw Blvd Saginaw, TX 76179

OFFERING SUMMARY Occupancy

100.0%

Year Built

2002

Gross Leasable Area

21,290 SF

Lot Size

1.74 Acres

Auction Link Click Here

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

B O SWE LL TOWNE C E NT E R

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space

CURRENT 100%

GROSS POTENTIAL RENT

PSF

EXPENSES

$555,275

$26.08

Real Estate Taxes

$555,275

$26.08

Insurance

CURRENT

PSF

$135,772

$6.38

$11,430

$0.54

CAM

Expense Reimbursements $135,772

$6.38

Day Porter

$6,235

$0.29

Insurance Recoveries

$11,430

$0.54

Cleaning Other

$1,591

$0.07

CAM Recoveries

$85,010

$3.99

Pest Control

$714

$0.03

Management Recoveries

$27,937

$1.31

Site Monitoring

$325

$0.02

Total Expense Reimbursements

$260,148

$12.22

Trash Disposal

$12,832

$0.60

EFFECTIVE GROSS REVENUE

$815,420

$38.30

Landscaping

$8,195

$0.38

Electric and Lighting - Repairs

$1,082

$0.05

$204

$0.01

Real Estate Tax Recoveries

Operating Expenses $11,430

$0.54

General Repairs

Total Real Estate Taxes

$135,772

$6.38

Safety and Fire inspection

$4,962

$0.23

Total CAM

$71,378

$3.35

Parking Lot Repair

$3,324

$0.16

$28,664

$1.35

Roof Repair

$6,879

$0.32

Total Recoverable Expenses

$247,244

$11.61

Supplies

$1,329

$0.06

Net Operating Income

$568,176

$26.69

Sign Maintenance

$1,004

$0.05

Maintenance Salary

$4,385

$0.21

Electricity

$4,886

$0.23

Water and Sewer

$13,432

$0.63

$71,378

$3.35

$28,664

$1.35

$247,244

$11.61

Total Insurance

Management Fee

3.50%

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

Total CAM Management Fee Total Expenses

3.50%

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

3

RE NT RO L L Tenant

B O SWE LL TOWNE C E NT E R Suite

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Supercuts

1205-A

1,200

5.64%

12/02

12/22

$31,740

$2,645

$26.45

$13,812

$11.51

$45,552

5.59%

A+ Nails

1205-B

1,125

5.28%

12/02

12/22

$28,406

$2,367

$25.25

$13,065

$11.61

$41,471

5.09%

Longhorn Cleaners

1205-C

1,170

5.50%

10/18

09/23

$28,958

$2,413

$24.75

$13,587

$11.61

$42,545

5.22%

Foxx Mobile, LLC

1205-D

1,230

5.78%

10/13

10/23

$32,054

$2,671

$26.06

$22,657

$18.42

$54,710

6.71%

Fossil Creek Liquor

1205-F

3,000

14.09%

11/02

12/24

$89,394

$7,449

$29.80

$34,840

$11.61

$124,233

15.24%

Sunshine Herb Health Store 1205-H

1,500

7.05%

02/03

02/23

$41,805

$3,484

$27.87

$17,420

$11.61

$59,225

7.26%

SOI Brow

1205-J

1,125

5.28%

10/16

12/26

$28,125

$2,344

$25.00

$13,065

$11.61

$41,190

5.05%

Joe's Pizza and Pasta

1209-C

1,500

7.05%

01/06

12/25

$50,625

$4,219

$33.75

$17,420

$11.61

$68,045

8.34%

Fossil Ranch Dental

1209-D

3,173

14.90%

12/12

12/22

$69,806

$5,817

$22.00

$36,849

$11.61

$106,655

13.08%

Van Wynn

1209-F

2,395

11.25%

01/16

01/21

$55,085

$4,590

$23.00

$31,303

$13.07

$86,388

10.59%

The UPS Store #6671

1209-G

1,350

6.34%

08/15

08/25

$34,425

$2,869

$25.50

$15,678

$11.61

$50,103

6.14%

Knockouts

1209-H

1,250

5.87%

02/15

02/30

$34,325

$2,860

$27.46

$14,516

$11.61

$48,841

5.99%

Terry's Donut

1209-A

1,272

5.97%

03/20

03/25

$30,528

$2,544

$24.00

$15,938

$12.53

$46,466

5.70%

Total Count/GLA

13

21,290

100%

Totals

$555,275

$46,273

Occupied

13

21,290

100.0%

Available

0

0

0.0%

$26.08

21,290

100.0%

Total Avg Rent

$260,148

$815,424 100.00%

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

B O SWE LL TOWNE C E NT E R Real Estate Taxes

Insurance

CAM

Management Fee

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Supercuts

1205-A

1,200

5.64%

$638

$6.38

$54

$0.54

$386

$3.86

$74

$0.74

$1,151

$11.51

A+ Nails

1205-B

1,125

5.28%

$598

$6.38

$50

$0.54

$314

$3.35

$126

$1.35

$1,089

$11.61

Longhorn Cleaners

1205-C

1,170

5.50%

$622

$6.38

$52

$0.54

$327

$3.35

$131

$1.35

$1,132

$11.61

Foxx Mobile, LLC

1205-D

1,230

5.78%

$654

$6.38

$55

$0.54

$1,041

$10.16

$138

$1.35

$1,888

$18.42

Fossil Creek Liquor

1205-F

3,000

14.09%

$1,594

$6.38

$134

$0.54

$838

$3.35

$337

$1.35

$2,903

$11.61

Sunshine Herb Health Store

1205-H

1,500

7.05%

$797

$6.38

$67

$0.54

$419

$3.35

$168

$1.35

$1,452

$11.61

SOI Brow

1205-J

1,125

5.28%

$598

$6.38

$50

$0.54

$314

$3.35

$126

$1.35

$1,089

$11.61

Joe's Pizza and Pasta

1209-C

1,500

7.05%

$797

$6.38

$67

$0.54

$419

$3.35

$168

$1.35

$1,452

$11.61

Fossil Ranch Dental

1209-D

3,173

14.90%

$1,686

$6.38

$142

$0.54

$887

$3.35

$356

$1.35

$3,071

$11.61

Van Wynn

1209-F

2,395

11.25%

$1,273

$6.38

$107

$0.54

$960

$4.81

$269

$1.35

$2,609

$13.07

The UPS Store #6671

1209-G

1,350

6.34%

$717

$6.38

$60

$0.54

$377

$3.35

$151

$1.35

$1,306

$11.61

Knockouts

1209-H

1,250

5.87%

$664

$6.38

$56

$0.54

$349

$3.35

$140

$1.35

$1,210

$11.61

Terry's Donut

1209-A

1,272

5.97%

$676

$6.38

$57

$0.54

$453

$4.27

$143

$1.35

$1,328

$12.53

21,290

100%

$11,314

TOTALS

$953

$7,084

$2,328

$21,679

PROPERTY DESCRIPTION

5

TE NA NT INF ORMAT I ON

B O SWE LL TOWNE C E NT E R

Tenant

UPS Store

Corporate/Franchise

Corporate

Locations

5,000+ Locations Worldwide

Public/Private

Public (NYSE: UPS)

Line of Business

United Parcel Service (UPS) is an American multinational package delivery and supply chain management company. Along with the central package delivery operation, the UPS brand name is used to denote many of its divisions and subsidiaries, including its cargo airline and freightbased trucking operation. UPS is headquartered in the Greater Atlanta metropolitan area.

Tenant

Supercuts

Corporate/Franchise

Franchise

Locations

2,600+ Locations Worldwide

Public/Private

Public (NASDAQ: RGS)

Line of Business

Supercuts is a hair salon franchise with more than 2,600 locations across North America. The company was founded in the San Francisco Bay Area in 1975 and is headquartered in Minneapolis.

Supercuts is a wholly owned subsidiary of Regis Corporation and provide a range of hair services including men’s haircuts, women’s haircuts, kids’ haircuts, color services and waxing.

Tenant

T-Mobile

Corporate/Franchise

Franchise

Locations

20,100+ Locations

Public/Private

Public (NASDAQ: TMUS)

Line of Business

T-Mobile, is an American wireless network operator that provides wireless voice and data services in the United States. Its majority shareholder is the German telecommunications company Deutsche Telekom (DT). Its headquarters are located in Bellevue, Washington.

T-Mobile is the third-largest wireless carrier in the United States, with 86.0 million customers.

PROPERTY DESCRIPTION

6

TE NA NT INF ORMAT I ON

B O SWE LL TOWNE C E NT E R

Tenant

Knockouts

Corporate/Franchise

Franchised

Locations

500+ Locations

Public/Private

Private

Line of Business

Knockouts and Knockouts Haircuts for Men are the trade names of a privately held American salon chain based in Irving, Texas. Knockouts are full-service grooming salons with a boxing and mixed martial arts/sex appeal theme targeting men seeking an alternative to the cut-rate chain salons.

Tenant

Fossil Creek Liquor

Corporate/Franchise

Corporate

Locations

11 in Dallas-Fort Worth

Public/Private

Private

Line of Business

Fossil Creek Liquor is a Dallas-Fort Worth-based liquor store chain that has served Tarrant County for more than 10 years ago and has expanded to serve parts of Dallas, Collin, Denton and Grayson counties. Fossil Creek Liquor has a total of 11 locations that are conveniently located adjacent to or just minutes from major highways.

PROPERTY DESCRIPTION

7

I N VE S TMENT HI GHLI GHT S •

Outstanding Historical Tenancy & Tenant Longevity: Over 39% of the tenant lineup of Boswell Towne Center has occupied their respective spaces for over 14 years. Furthermore, 72% of the tenants have occupied the center for at least 8 years. This longevity is indicative of a strong and healthy tenant mix.

•

Tenant Security: The weighted average lease term is approximately 4.5 years at Boswell Towne Center, which is significantly more than market average.

•

Downside Protection Supported by a Diversified In-Place Cash Flow: The Center strongly benefits from its diversified, yet complementary tenant line-up. Coupled with the average length of the lease terms, Boswell presents a stable investment opportunity with solidified cash flow for years to come.

•

E-Commerce Resistant Tenant Lineup: As a destination center, Boswell Towne Center benefits from a tenant lineup that has proven to be highly resistant against the forces of the internet.

•

Albertsons Shadow Anchored Center: Being strategically shadowed to a nationally recognized grocer, Boswell Towne Center benefits from massive cross-traffic exposure.

•

Small, Very Leasable Spaces: The average size space in Boswell Towne Center is only 1,638 square feet. This makes the property extremely leasable as the tenant pool for this size space is the largest in the industry.

•

Staggered Lease Expirations: The Property is currently occupied by 13 tenants with staggered lease expirations. Furthermore, this fact, coupled with exceptional tenant longevity, connotes a lower risk investment opportunity in comparison with many other shopping centers on the market.

•

Exceptional Demographics: Located within a high-density area of Saginaw, Boswell Towne Center benefits from strong demographics.

Within a five-mile radius of the Property, the average household income is an impressive $91,885, which is well above the national average. This indicates high spending power within the submarket.

•

High Growth Trade Area: Boswell Towne Center tremendously benefits from its location within a high-growth submarket. Within a five-mile radius, the population has grown by an outstanding 27% over the past 9 years and is projected to grow an additional 9.09% over the next four years. Additionally, within a 10-mile radius, the population has grown by an impressive 21% and is expected to grow an additional 8.4% over the next four years.

B O SWE LL TOWNE C E NT E R

PROPERTY DESCRIPTION

8

S I T E PL A N

1209-A

1209-C

1209-D

1209-F

1209-H

1209-G

B O SWE LL TOWNE C E NT E R

-J

05

12

-H

05

12

-F

05

12

-D 05 -C 05 -B 12 05 A 12 0512

12

Tenant

Suite SQ FT

Supercuts

1205-A 1,200

A+ Nails

1205-B 1,125

Longhorn Cleaners

1205-C 1,170

Foxx Mobile, LLC

1205-D 1,230

Fossil Creek Liquor

1205-F 3,000

Sunshine Herb Health Store 1205-H 1,500 SOI Brow

1205-J

1,125

Joe's Pizza and Pasta

1209-C 1,500

Fossil Ranch Dental

1209-D 3,173

Van Wynn

1209-F 2,395

The UPS Store #6671

1209-G 1,350

Knockouts

1209-H 1,250

Terry's Donut

1209-A 1,272

PROPERTY DESCRIPTION

9

A E R I AL MA P

B O SWE LL TOWNE C E NT E R GI SA W NA VD BL

LAKE POINTE ELEMENTARY SCHOOL

BAILEY BOSWELL RD

COMANCHE SPRINGS ELEMENTARY SCHOOL

29,340 VPD

PRAIRIE VISTA MIDDLE SCHOOL

HIGHLAND MIDDLE SCHOOL

14,466 VPD WAYSIDE MIDDLE SCHOOL

BOSWELL HIGH SCHOOL

BRYSON ELEMENTARY SCHOOL

SAGINAW HIGH SCHOOL ELKINS ELEMENTARY SCHOOL WATSON HIGH SCHOOL

CREEKVIEW MIDDLE SCHOOL

WILLOW CREEK ELEMENTARY SCHOOL

SAGINAW ELEMENTARY SCHOOL

PARKVIEW ELEMENTARY SCHOOL

PROPERTY DESCRIPTION

10

LO C AL MA P

B O SWE LL TOWNE C E NT E R

PROPERTY DESCRIPTION

11

REG IONA L MA P

B O SWE LL TOWNE C E NT E R

PROPERTY DESCRIPTION

12

M A R KET S U MMARY

B O SWE LL TOWNE C E NT E R

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

Fastest Growing MSA in the U.S. from 2010 to 2019 (U.S. Census Bureau)

4 5th 25

th

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)

10K

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

PROPERTY DESCRIPTION

13

D E M OG RA PHIC STAT I ST I CS

B O SWE LL TOWNE C E NT E R

1 Mile

3 Mile

5 Mile

Population: 2024 Projection

9,020

70,327

155,782

2019 Estimate

8,392

64,494

142,801

2010 Census

7,396

50,898

112,301

Growth 2019-2024

7.48%

9.04%

9.09%

Growth 2010-2019

13.47%

26.71%

27.16%

2,226

18,066

40,109

White

7,370

52,264

114,981

Black

509

6,094

14,151

2019 Population Hispanic Origin

2019 Population by Race:

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

61

580

1,189

249

3,608

8,122

16

113

240

186

1,835

4,118

14

201

439

Households: 2024 Projection

2,922

22,111

51,914

2019 Estimate

2,723

20,312

47,708

2010 Census

2,405

16,159

38,085

Growth 2019 - 2024

7.31%

8.86%

8.82%

Growth 2010 - 2019

13.22%

25.70%

25.27%

Owner Occupied

2,326

16,921

35,124

397

3,391

12,584

2019 Avg Household Income

Renter Occupied

$91,651

$94,396

$91,885

2019 Med Household Income

$84,316

$83,399

$79,379

<$25,000

221

1,568

4,432

$25,000 - $50,000

463

2,717

7,899

$50,000 - $75,000

456

4,392

9,959

$75,000 - $100,000

589

4,402

8,931

$100,000 - $125,000

546

3,550

7,311

$125,000 - $150,000

171

1,586

3,591

$150,000 - $200,000

167

1,070

3,235

$200,000+

106

1,027

2,351

2019 Households by Household Inc:

Demographic data © CoStar 2020

PROPERTY DESCRIPTION

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 tenantâ&#x20AC;&#x2122;s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

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

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

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

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

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

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

Information About Brokerage Services

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

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

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

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

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

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

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

• Must not, unless specifically authorized in writing to do so by the party, disclose: 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

THE OFFERING PROCESS An online auction event will be conducted on RealINSIGHT Marketplace in accordance with the Sale Event Terms and Conditions (https://marketplace. realinsight.com/legal-sale-terms).

DUE DILIGENCE Due diligence materials are available to qualified prospective bidders via an electronic data room hosted by RealINSIGHT Marketplace. Prospective bidders will be required to electronically execute a confidentiality agreement prior to being allowed access to the materials. All due diligence must be conducted prior to signing the purchase and sale agreement. You may contact the sales advisors with any due diligence questions.

BUYER QUALIFICATION Prospective bidders will be required to register with RealINSIGHT Marketplace to bid. Each bidder will be required to provide current contact information, submit proof of funds up to the full amount they plan to bid, and agree to the Auction Terms and Conditions.

In order to participate in an auction, the Seller requires bidders to provide proof of their liquidity in an amount of at least their anticipated maximum bid for those assets they wish to bid on. Such liquidity must be in the form of cash, or cash equivalents, and must be available immediately without restriction.

Generally, recent bank statements, brokerage account statements, or bank letters are acceptable. A line of credit statement may be acceptable only if it is already closed and in place, has undrawn capacity, and may be funded immediately without bank approval. Loan pre-approval letters, term sheets, and the like, where the loan would be collateralized by the property up for auction and funded at escrow closing, are NOT acceptable. Capital call agreements, investor equity commitments, and the like, are evaluated on a case-by-case basis. The acceptance of any proof of funds documents are made at the sole and absolute discretion of RealINSIGHT Marketplace. For further information, please visit the Bidder Registration FAQ (https://marketplace.realinsight.com/ faq-bid-registration).

AUCTION DATE The Auction end date is set for June 17, 2020.

RESERVE AUCTION This will be a reserve auction and the Property will have a reserve price (â&#x20AC;&#x153;Reserve Priceâ&#x20AC;?). The starting bid is not the Reserve Price. The seller can accept or reject any bid. All bidders agree to execute the non-negotiable purchase and sale agreement, which will be posted to the electronic data room prior to bidding commencement, should they be awarded the deal. For further information about how to bid, please visit the Bidding page (https://marketplace. realinsight.com/faq-bidding).

CLOSING Following the auction, the winning bidder will be contacted by phone and email to go over specifics of the sale, including the execution of the purchase agreement and all documentation involved in the purchase. The winning bidder must be available by telephone within two hours of the sale. More information can be found on the RealINSIGHT Marketplace website.

DATES Auction Start Date: June 15, 2020 Auction End Date: June 17, 2020

exclusively listed 469.844.8880

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