Bryan Towne Center - Experiential Center - Bryan, TX

BRYAN TOWNE CENTER EXPERIENTIAL CENTER BRYAN, TX

PRI CING & F INAN CI AL AN ALYSI S

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

Bryan Towne Center Experiential Center 3001 Wildflower Dr Bryan, TX 77803

OFFERING SUMMARY Price Cap Rate Net Operating Income

$12,315,000 7.50% $923,242

Price PSF

$147.49

Occupancy

100.0%

Year Built Gross Leasable Area Lot Size

2007 83,500 SF 17.82 Acres

CLICK LINKS BELOW TO ACCESS OTHER PROPERTIES IN BRYAN TOWNE CENTER

NW OF TARGET INLINE

SE OF TARGET INLINE

TARGET SHADOW STRIP

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

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space

CURRENT 100%

GROSS POTENTIAL RENT

PSF

EXPENSES

CURRENT

PSF

$957,871

$11.47

Real Estate Taxes

$117,499

$1.41

$957,871

$11.47

Insurance

$14,003

$0.17

$33,594

$0.40

Expense Reimbursements

CAM

Real Estate Tax Recoveries

$117,499

$1.41

Electric/Gas

Insurance Recoveries

$14,003

$0.17

Water & Sewer

$3,395

$0.04

CAM Recoveries

$157,153

$1.88

Water & Sewer - Irrigation

$6,940

$0.08

$0

$0.00

Trash Removal

$16,974

$0.20

$288,655

$3.46

Cleaning Common Area

$1,473

$0.02

$1,246,530

$14.93

Fire Safety

$4,904

$0.06

Parking Lot Sweeping

$8,857

$0.11

Parking Lot Maint

$7,367

$0.09

Parking Lot Lights

$4,420

$0.05

$589

$0.01

$27,736

$0.33

Extermination

$377

$0.00

Roof Repairs

$3,536

$0.04

Maintenance Equip/Supplies

$884

$0.01

Plumbing Maintenance

$1,179

$0.01

Misc. Maintenance

$707

$0.01

Painting & Decorating

$1,768

$0.02

Pylon Sign Expense

$3,536

$0.04

Other/Misc

$4,479

$0.05

Management Salaries

$21,070

$0.25

$153,786

$1.84

$38,000

$0.46

$323,288

$3.87

Management Recoveries Total Expense Reimbursements EFFECTIVE GROSS REVENUE Operating Expenses Total Real Estate Taxes

$117,499

$1.41

Total Insurance

$14,003

$0.17

Total CAM

$153,786

$1.84

$38,000

$0.46

Total Recoverable Expenses

$323,288

$3.87

Net Operating Income

$923,242

$11.06

Management Fee

3.00%

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

Snow Removal Landscaping

Total CAM Management Fee Total Expenses

3.00%

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

3

RE NT RO L L Tenant

True Fit Athletic Club

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL 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

1100

35,000

41.92%

08/18

11/31

$384,996

$32,083

$11.00

$129,251

$3.69

$514,247

41.25%

A1-02

34,000

40.72%

08/16

11/27

$357,000 $29,750

$10.50

$115,692

$3.40

$472,692

37.92%

Rue 21

A1-1

6,500

7.78%

07/08

01/27

$14.75

$17,127

$2.63

$113,002

9.07%

Pet Supplies Plus

A1-2

8,000

9.58%

08/16

08/26

$120,000 $10,000

$15.00

$26,586

$3.32

$146,586

11.76%

Total Count/GLA

4

83,500

100%

Totals

$957,871

Occupied

4

83,500

100.0%

Available

0

0

0.0%

$11.47

83,500

100.0%

Jumping World

Total Avg Rent

$95,875

$7,990

$79,823

$288,655

$1,246,526 100.00%

NOTE: Seller will guarantee rental income through 2020

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

True Fit Athletic Club Jumping World

Suite

1100

SQ FT

% of SQFT

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R Real Estate Taxes

Insurance

CAM

Management Fee

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

35,000

41.92%

$4,104

$1.41

$489

$0.17

$6,178

$2.12

$0

$0.00

$10,771

$3.69

A1-02 34,000

40.72%

$3,987

$1.41

$475

$0.17

$5,179

$1.83

$0

$0.00

$9,641

$3.40

Rue 21

A1-1

6,500

7.78%

$762

$1.41

$91

$0.17

$574

$1.06

$0

$0.00

$1,427

$2.63

Pet Supplies Plus

A1-2

8,000

9.58%

$938

$1.41

$112

$0.17

$1,166

$1.75

$0

$0.00

$2,215

$3.32

83,500

100%

$9,792

TOTALS

$1,167

$13,096

$0

$24,055

PROPERTY DESCRIPTION

5

L E A SE PROVIS ION S, CON T.

Tenant

Suite

SQ FT

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R Base Rental Increases Date

True Fit Athletic Club 1100

Jumping World

Rue 21

Pet Supplies Plus

TOTAL

PSF

Renewal Options

CAM Cap

CAM Cap Description

A1-2

Termination Rights

Sales Reporting

-

Options

Date

PSF

12/1/2026 12.00

4x5

12/1/2031 12/1/2036 12/1/2041 12/1/2046

13.00 14.00 15.00 16.00

Yes

3% non cumulative on controllable CAM

Exclusive right to operate fitness facility or gym which contains workout equipment or weights

-

12/1/2022

11.00

2x5

12/1/2027 12/1/2032

12.00 12.50

Yes

5% non cumulative on controllable CAM

Exclusive entertainment and recreation center featuring trampolines as the primary source of recreation

-

Yes, at LL Request but no more than once per calendar year

2/1/2021 2/1/2022 2/1/2023 2/1/2024 6,500 2/1/2025 2/1/2026

14.86 15.15 15.46 15.77 16.08 16.40

2x5

2/1/2027 2/1/2032

19.75 20.75

Yes

4% non cumulative cap

-

Cotenancy with Target and to have 70% occupancy in the building

Yes, within 30 days of the end of each calendar month and within 60 days of the end of a calendar year

9/1/2021

16.50

4x5

9/1/2026 9/1/2031 9/1/2036 9/1/2041

18.15 19.97 21.96 24.16

Yes

5% non cumulative on controllable CAM

Cotenancy with Target and to have 60% occupany in the building

-

35,000

A1-02 34,000

A1-1

User Restrictions & Exclusive Rights

8,000

Exclusive store for pet use (excluding veterinarian)

83,500

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

6

TE NA NT INF ORMAT I ON

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

Tenant

Tru Fit Athletic Clubs

Corporate/Franchise

Franchise

Locations

30+ Locations

Public/Private

Private

Line of Business

Tru Fit Athletic Clubs is a privately owned and operated fitness center chain. Tru Fit is locally led by a hands-on ownership team that is combines years of industry experience to ensure stability and foundational strength. Tru Fit Athletic Clubs’ operations are grounded in convenience, safety and quality.

Tenant

Jumping World

Corporate/Franchise

Corporate

Locations

12 Locations

Public/Private

Private

Line of Business

Jumping World is an indoor trampoline park where children and adults can be physically active.

Jumping World offers parks featuring trampoline lanes, basketball dunk, dodgeball, foam pits, redemption arcade and toddler courts. Some locations offer a ninja warrior course, water ball, mechanical bull and indoor zip line.

Tenant

Rue 21

Corporate/Franchise

Corporate

Locations

675+ Locations

Public/Private

Private

Line of Business

Rue 21 (styled as rue21) is an American specialty retailer of women’s casual apparel and accessories headquartered in the Pittsburgh, Pennsylvania, area. Its clothes are designed to appeal to people who desire, wish, or feel to be 21. Rue 21 offers its own brands in addition to other brands in order to create merchandise excitement and differentiation in its stores.

Tenant

Pet Supplies Plus

Corporate/Franchise

Franchise

Locations

425+ Locations

Public/Private

Private

Line of Business

Pet Supplies Plus is a pet supply retailing corporation focused on being a neighborhood pet supply “supermarket.” The third largest specialty pet food retailer in the US, Pet Supplies Plus stock a wide selection of pet food and supplies. The stores also have limited livestock departments as well as grooming services and self-serve dog washes.

PROPERTY DESCRIPTION

7

I N VE S TMENT HI GHLI GHT S

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

• Target: Bryan Towne Center is strategically positioned shadow to Target, which is one of the largest traffic generators in the Bryan-College Station area.

• Texas A&M University: Texas A&M is located less than 5 miles south of the Property and has an enrollment of 60,435.

• New Adjacent Developments: Over the last two years, a 112-room Hyatt House Hotel and an emergency care center, Caprock Hospital, were developed on the adjoining land of the subject property.

• Access & Traffic Counts: The Property benefits from more than 59,000 vehicles daily on Texas State Highway 6 and in excess of 12,500 cars along Braircrest Dr. • High Growth Trade Area: Since 2010, this portion of Bryan has seen 64.78% growth within one mile of the Property and is expected to see an additional 13.90% growth over the next five years.

• Household Density: There are over 3,300 houses within a one-mile radius of Bryan Towne Center with home values ranging from $250,000-$750,000.

• Land Included: Included in this sale is 75,000 SF of vacant land for a potential future development • Additional Land for Sale: Available separately are two additional parcels of land, parcel #2 and parcel #3 which are 100,000 SF and 30,000 SF, respectively.

Please see site plan and inquire if interested.

PROPERTY DESCRIPTION

8

S I T E PL A N

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

A2-15

A2-23 A2-21 A2-20 A2-19 A2-17

A2-07

A2-13

A2-06

B1-09

B1-07

B1-05

B1-03

NOT A PART

B1-01

ER E NT TO W N E C

A2-01 A2 05

A1-1

A1-0

2

A1-2

WA

1100

Y

LAND PARCEL 2 NOT A PART (BUT CAN BE PURCHASED)

NOT A PART

BRIAR

LAND PARCEL 1

CREST

W I LD

F L O W ER

DR

LAND PARCEL 3 NOT A PART (BUT CAN BE PURCHASED)

DR C3-15

C3-07-11

C3-03

N NE CE TOW

NOT A PART

NOT A PART

SE of Target Inline

NW of Target Inline All American Embroidery

AY TER W

A2-15

Pacific Dental

A2-19

Elements Massage

A2-05

Lucky Nails

A2-23

One Main Financial, Inc.

A2-07

Pizza Hut

A2-21

Lease in Negotiation

A2-01

Shipley Donuts

SUBJECT PROPERTY

A2-06

Farmer's Insurance

A2-17

Cutting Edge Chiropractor

NOT A PART

A2-13

Pending Tenant

NOT A PART NOT A PART

A2-20

B1-01

Hibbetts Sporting Goods

B1-03

Rack Room Shoes

B1-05

Maurices Inc.

B1-07

Popcorn Flavors

B1-09

Dollar Tree Experiential Center

1100 A1-02

True Fit Athletic Club Jumping World

A1-1

Rue 21

A1-2

Pet Supplies Plus Target Shadow Strip

C3-03

Sylvan

C3-07-11 Sola Salons C3-15

Smarty Sprouts

PROPERTY DESCRIPTION

9

S I T E PL A N

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

Suite

Tenant

SQ FT

1100

True Fit Athletic Club

35,000

Jumping World

34,000

A1-02

A1-1 A1-2

A1-1

Rue 21

6,500

A1-2

Pet Supplies Plus

8,000

A1-0

2 1100

LAND PARCEL 2 NOT A PART (BUT CAN BE PURCHASED)

LAND PARCEL 3 NOT A PART (BUT CAN BE PURCHASED)

PROPERTY DESCRIPTION

10

A E R I AL MA P

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R MITCHELL ELEMENTARY SCHOOL SAM RAYBURN INTERMEDIATE SCHOOL

ALLEN ACADEMY

HOUSTON ELEMENTARY SCHOOL

FANNIN ELEMENTARY SCHOOL

BLINN COLLEGE

AUSTIN MIDDLE SCHOOL

R

C

R

ES

T

D

R

BRYAN CAMPUS

TE

BRYAN COLLEGIATE HIGH SCHOOL

B

R

IA

HENDERSON ELEM. SCHOOL

BRYAN HIGH SCHOOL

X A S V A

JOHNSON ELEMENTARY SCHOOL

E ROSS ELEM. SCHOOL

CROCKET ELEM. SCHOOL

UN

E IV

RS

Y IT

DR

PROPERTY DESCRIPTION

11

A E R I AL MA P

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

JAMES EARL RUDDER HIGH SCHOOL

DOWNTOWN BRYAN BLINN COLLEGE

MIRAMONT COUNTRY CLUB SITE

BRYAN CAMPUS

BRYAN HIGH SCHOOL

CHI ST. JOSEPH HEALTH BRYAN COLLEGIATE HIGH SCHOOL TEXAS A&M UNIVERSITY

KYLE FIELD

POST OAK MALL

HISTORIC DISTRICT

BAYLOR SCOTT & WHITE A&M CONSOLIDATED HIGH SCHOOL EASTERWOOD AIRPORT (CLL) COLLEGE STATION HIGH SCHOOL

PROPERTY DESCRIPTION

12

LO C AL MA P

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

PROPERTY DESCRIPTION

13

REG IONA L MA P

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

PROPERTY DESCRIPTION

14

M A R KET S U MMARY

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

Bryan–College Station, TX

OVERVIEW Bryan–College Station is a metropolitan area centering on the twin cities of Bryan and College Station in the Brazos Valley region of Texas. The College Station–Bryan Metropolitan Statistical Area (MSA) is north of both Houston and Austin. The 2019 population estimate placed the population of the three-county metropolitan area at 273,101, making it the 13th-largest metropolitan area in Texas. The MSA encompasses three counties: Brazos, Burleson and Robertson.

College Station is home to the main campus of Texas A&M University, the flagship institution of the Texas A&M University System. Texas A&M has a student enrollment of over 69,000 students, making it second-largest public American university. Consequently, area’s economic and social life is centered on the university, and the Bryan–College Station MSA is popularly known as “Aggieland” in reference to the Aggies nickname for the university’s sports teams and students.

The city of College Station owes both its name and existence to the university’s location along a

railroad. Texas A&M’s triple designation as a Land, Sea-, and Space-Grant institution reflects the broad scope of the research endeavors it brings to the city, with ongoing projects funded by agencies such as NASA, the National Institutes of Health, the National Science Foundation, and the Office of Naval Research.

Due largely to the presence of Texas A&M University, College Station was named by Money magazine as the most educated city in Texas, and the 11th-most educated city in the United States.

Other attractions in Bryan-College Station include the nationally recognized George H.W. Bush Presidential Library and Museum, the Museum of the American G.I., Brazos Valley African American Museum (which is one of only three in the state dedicated to African American heritage) and the Brazos Valley Museum of Natural History.

College Station is also home to the Post Oak Mall, which is currently the largest mall in the Brazos Valley. The 82-acre mall is home to 125 stores.

PROPERTY DESCRIPTION

15

D E M OG RA PHIC STAT I ST I CS

BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R

1 Mile

3 Mile

5 Mile

8,059

55,260

150,473

2019 Estimate

7,047

50,509

138,488

2010 Census

4,073

44,311

123,439

Population: 2024 Projection

Growth 2019-2024

14.36%

9.41%

8.65%

Growth 2010-2019

73.02%

13.99%

12.19%

1,206

12,816

42,325

White

6,291

40,457

107,162

Black

530

6,215

18,447

34

397

1,090

Asian

71

2,321

8,701

Hawaiian & Pacific Island

26

104

193

Other

95

1,015

2,895

U.S. Armed Forces:

0

46

90

2024 Projection

3,558

22,880

56,216

2019 Estimate

3,102

20,877

51,410

2010 Census

1,751

18,145

45,485

Growth 2019 - 2024

14.70%

9.59%

9.35%

Growth 2010 - 2019

77.16%

15.06%

13.03%

2,323

9,951

19,997

2019 Population Hispanic Origin

2019 Population by Race:

Am. Indian & Alaskan

Households:

Owner Occupied

779

10,925

31,413

2019 Avg Household Income

Renter Occupied

$86,207

$68,973

$62,521

2019 Med Household Income

$59,013

$44,476

$37,389

<$25,000

344

5,697

18,330

$25,000 - $50,000

1,010

5,572

13,106

2019 Households by Household Inc:

$50,000 - $75,000

449

3,069

6,100

$75,000 - $100,000

414

2,421

4,863

$100,000 - $125,000

322

1,253

2,511

$125,000 - $150,000

214

990

2,257

$150,000 - $200,000

102

797

1,585

$200,000+

246

1,077

2,656

Demographic data © CoStar 2020

PROPERTY DESCRIPTION

16

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

exclusively listed 469.844.8880

STRIVERE.COM