Gosling Green - Spring, TX

GOSLING GREEN

SPRING, TX (HOUSTON MSA)

PROJECTED INCOME & EXPENSES

CURRENT PSF

Base Rent - Occupied Space 100% $287,065 $36.20

GROSS POTENTIAL RENT $287,065 $36.20 Expense Reimbursements

Real Estate Taxes $32,709 $4.12 Insurance $4,759 $0.60 CAM $24,167 $3.05 Management Fee $8,406 $1.06

Total Expense Reimbursements $70,041 $8.83

GROSS POTENTIAL INCOME $357,106 $45.03

EFFECTIVE GROSS REVENUE $357,106 $45.03

Operating Expenses

Real Estate Taxes ($32,709) ($4.12) Insurance ($4,759) ($0.60) CAM ($23,200) ($2.93) Management Fee 3.00% ($10,700) ($1.35)

Total Recoverable Expenses ($71,368) ($9.00)

Net Operating Income $285,738 $36.03

EXPENSES

CURRENT PSF

Real Estate Taxes $32,709 $4.12 Insurance $4,759 $0.60

Total CAM $23,200 $2.93 Management Fee 3.00% $10,700 $1.35

$9.00

Tenant Suite SQ FT Base Rental Increases

Renewal Options

Date PSF Options Date PSF

Starbucks A 2,157 4/2/2026 $56.10 4 x 5 4/1/2031 4/1/2036 4/1/2041 4/1/2046

$61.71 $67.88 $74.66 $82.13

User Restrictions & Exclusive Rights Sales Reporting

Exlusive right to serve whole or ground coffee beans, espresso, espresso based coffee drinks or coffee based drinks, tea or tea based drinks, brewed coffee, and/or brewed beverages. Retailers of specialty foods, household goods, or dollar stores that sell no food for on premises consumption may sell pre-packaged whole or ground coffee beans provided such products comprie leass than 0.5% of any such tenants product offerings or less than 1% of gross sales.

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Nu Dentistry B 2,393 12/1/2026 $33.00 2 x 5 12/1/2031 12/1/2036 $36.30 $39.93

Landlord shall not lease any space at Property to any other tenant whose business or use includes general dentitry or and all dental specialties.

ROFR: Tenant shall have recurring right of first refusal to lease any space contigous with the Premises, which tenant must accept or reject on market rate terms within 5 days of any offer.

Rapidclinic Urgent Care C 1,177 - - - - - -

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Graze Craze D 1,000 - - 2 x 5

6/1/2028 6/1/2029 6/1/2030 6/1/2031 6/1/2032 6/1/2033 6/1/2034 6/1/2035 6/1/2036 6/1/2037

$33.37 $34.37 $35.40 $36.46 $37.55 $38.68 $39.84 $41.04 $42.27 $43.54

Chicking Out E 1,204 - - 2 x 5 12/1/2026 12/1/2031 $34.32 $37.75

A retail store front that engages in the sale and/or production of charcuterie style food, food platters, specialty party platters and catering to businesses and individuals primarily for off premises consumption as its primary use.

Exclusive right to operate a restaurant where the total number of chicken entrees and chicken sandwiches constitute 30% or more of menu items.

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DBA Starbucks

Locations 35,711+ Locations

Public/Private Public (NASDAQ: SBUX)

Line of Business Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is the world’s largest coffeehouse chain.

As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the United States. Out of Starbucks’ U.S.-based stores, over 8,900 are company-operated, while the remainder are licensed. Starbucks serves hot and cold drinks, whole-bean coffee, micro-ground instant coffee, espresso, caffe latte, full and loose-leaf teas, juices, Frappuccino beverages, pastries, and snacks.

DBA Nu Dentistry

Locations 4

Public/Private Private

Line of Business At Nu Dentistry, we’re prepared to give you a dental experience unlike any you’ve ever had. From the moment you walk through our front doors, our kind and caring staff greet you with a smile and streamline the check-in process. You’ll never have to wait more than a handful of minutes before seeing your dentist. Here you will find a fun and relaxed office that was designed with you in mind. Our goal is to create a warm and inviting atmosphere to help you enjoy your visits throughout your journey to a beautiful new smile. Each of our individual patient suites is entirely private, with etched glass doors that keep your discussions with your dentist safely between the two of you.

DBA Graze Craze Charcuterie Boards & Boxes

Locations 1,600+ Locations

Public/Private Private

Line of Business Graze Craze is the innovator in an attractive food trend sweeping the nation known as “Grazing”. Grazing allows people the flexibility to eat an entire meal or small portions of food during the course of the day. The grazing style of eating provides you and your guests with a diverse meal plan in the form of a charcuterie style grazing box, platter or table that meets the individual needs and wants of everyone’s personal palate and diet, in relation to those who may have special health or medical eating requirements.

DBA Chicking Out Locations 1

Public/Private Private

Line of Business Selling the best grilled chicken in town, Chicking Out is home of traditional, lemon and hot marinades. The initial location of a planned regional concept, the owners leverage family and professional relationships in the food distribution industry as a vertical integration competitive advantage.

DBA Rapidclinic Urgent Care Locations 2

Public/Private Private Line of Business Rapidclinic Urgent Care is a convenient walk-in clinic, providing high quality, costeffective care and prompt medical attention for non-life threatening conditions. Board-certified providers and caring staff provide a friendly environment for patients. Rapidclinic Urgent Care is open 7 days a week including after-office hours and weekends.

• Newly Constructed “Class–A” Retail Center with Starbucks Drive-thru

• 2021 High Quality Construction

• 100% Occupied with Long-Term NNN leases

• Cross-access with Large Newly Constructed Apartment Complex (316 units)

• Complementary Mix of National & Local Tenants that are Internet Resistant

• Well-Positioned at a Lighted Intersection Just 0.5 Miles from Grand Parkway (Hwy 99) On a Strategic and Growing Commuter Corridor Connecting The Woodlands to North Part of Houston

• Future Expansion of West Mossy Oaks Will Connect Lighted Intersection Directly to ExxonMobile Campus. Increasing Population and Transportation Infrastructure Around the Site Will Drive Long-Term Rent Growth

• Nearby Major Attractions Include - City Place (5,000 living units & 14M SF of retail), Exxon Mobil Campus, H-E-B, Target, Amazon Delivery Center, Ariza Gosling Apartments (316 Units), and Many More

Houston, TX

Houston is the most populous city in Texas and the fourth-most populous city in the U.S., with an estimated 2020 population of 2,304,580. The seat of Harris County, Houston is the principal city of the Greater Houston metropolitan area, which is the fifth most populous MSA in the country (2021 population estimate of 7,206,841). Houston has one of the fastestgrowing and most diverse populations anywhere in the world. From 2010 to 2018, Houston added 1.1 million new residents, an 18.2 percent increase, the fastest rate of population growth among the 10 most populous U.S. Metros.

The Houston region is made up of 12 unique counties, and the region’s geographic location makes it easy to move both goods and people around the globe. Houston's strategic, central location coupled with the infrastructure of four of the country's largest ports, two international airports and major highway and rail service make this a dynamic hub for a large cross-section of industries. As these industries digitize, Houston is a hotbed of rapid technological development thanks to access to customers and expertise.

Houston’s economy has a broad industrial base in energy, manufacturing, aeronautics, and

transportation. Only New York City is home to more Fortune 500 companies. The city is also home of the Texas Medical Center, the world's largest concentration of health care and research institutions, and NASA's Johnson Space Center. The Port of Houston ranks first in the U.S. in international waterborne tonnage handled and second in total cargo tonnage handled. Houston is ranked third in the entire world in the Financial Times Cities of the Future global rankings. Houston secures the third spot for being “a reputable talent hub,” boasting five of the world’s Top 500 universities and placing second in the world in business expansion with 53 new projects between 2015 and 2020. Houston has many cultural institutions and exhibits which attract more than 7 million visitors a year to the Houston Museum District. The U.S. Bureau of Economic Analysis (BEA) estimates Houston’s gross domestic product (GDP) at $512.2 billion in 2019, ranking it as the nation’s seventh largest metro economy. The Houston region has a GDP greater than 37 states and accounts for 27.8 percent of Texas’ GDP.

Once predominantly oil and gas focused, today Houston is a diverse, vibrant metro with a dynamic quality of life and a variety of growing industries.

The Woodlands, TX

OVERVIEW

The Woodlands, Texas is a special-purpose district and census-designated place in the Houston–The Woodlands–Sugar Land metropolitan statistical area. The Woodlands is primarily located in Montgomery County, with portions extending into Harris County. As of the 2020 U.S. Census, the township had a population of 114,436 people.

The Woodlands is located 28 miles north of Houston along Interstate 45. A master-planned, award-winning community of 28,500 acres, The Woodlands offers an unprecedented 28% of green space, leading the way among master planned communities that practice environmental preservation. The Woodlands has more than 5,000 acres dedicated to commercial development. Though it began as an exurban development and a bedroom community, The Woodlands has enjoyed unprecedented commercial growth in the last several years. The area’s economic base is well diversified with over 7,500 employers, including

all sectors, located in the area. These businesses range from owner-operated establishments to global corporate headquarters. The most notable corporate campuses include Occidental Petroleum Corporation, Chevron Phillips Chemical, Huntsman Corporation, Woodforest National Bank, Baker Hughes, and McKesson Specialty Health. The leading industry sector is energy, followed by healthcare, professional services, and education.

Top amenities in The Woodlands include 220 miles of trails and 151 parks, surrounded by nature and forest. Highlights of The Woodlands include highly-rated public and private schools, and world-class shopping, recreation, and entertainment. In both 2021 and 2022, school and community profiling website, Niche, has named The Woodlands the number one city to live in America, giving it an overall A+ rating. The ranking is based on factors such as cost of living, housing, higher education rate, diversity, job growth, public safety, walkability, and nightlife.

1 Mile 3 Mile 5 Mile

Population

2010 Population 3,904 45,439 146,648

2020 Population 7,244 72,547 216,129

2025 Population Projection 7,914 78,911 237,674

Annual Growth 2010-2020 7.10% 5.00% 3.90%

Annual Growth 2020-2025 1.90% 1.80% 2.00% Median Age 35.7 35.9 36.9 Bachelor's Degree or Higher 42% 41% 43%

U.S. Armed Forces 6 14 146

Population by Race

White 6,404 58,554 172,130 Black 419 6,640 20,191 American Indian/Alaskan Native 63 496 1,582 Asian 193 5,013 16,713 Hawaiian & Pacific Islander 8 96 253 Two or More Races 156 1,749 5,260 Hispanic Origin 2,235 18,172 51,842 Housing Median

Households:

1 Mile 3 Mile 5 Mile

2010 Households 1,300 15,159 52,399

2020 Households 2,469 24,903 77,897

2025 Household Projection 2,703 27,245 86,190

Annual Growth 2010-2020 7.70% 5.50% 4.10%

Annual Growth 2020-2025 1.90% 1.90% 2.10%

Owner Occupied 2,302 22,403 64,984

Renter Occupied 401 4,843 21,205

Avg Household Size 3 2.9 2.8

Avg Household Vehicles 2 2 2

Total Consumer Spending $102.6M $970M $3B

Income

Avg

Median

Demographic data © CoStar 2021

< $25,000 94 1,830 6,529 $25,000 - 50,000 323 3,569 11,831 $50,000 - 75,000 354 4,085 11,701 $75,000 - 100,000 338 3,377 9,995 $100,000 - 125,000 301 2,980 8,779 $125,000 - 150,000 302 2,595 6,638 $150,000 - 200,000 298 2,785 9,332 $200,000+ 458 3,682 13,093

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