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LEWISVILLE VILLAGE LEWISVILLE, TX


PRICING & FINANCIAL ANALYSIS

LEWISVILLE VILLAGE

FINANCIAL ANALYSIS

Lewisville Village 1425 Justin Rd Lewisville, TX 75077

Offering Summary Price Cap Rate Net Operating Income Price PSF Occupancy

7.61% $281,174 $152.12 94.6% 1986

Gross Leasable Area

24,290 SF

Lot Size

2.86 Acres

PROPERTY DESCRIPTION

Year Built

$3,695,000

MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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PRICING & FINANCIAL ANALYSIS

LEWISVILLE VILLAGE

Base Rent - Occupied Space

Current 94.6%

GROSS POTENTIAL RENT

PSF

Expenses

$286,366

$11.79

Real Estate Taxes

$286,366

$11.79

Insurance

Expense Reimbursements

Current

PSF

$55,000

$2.26

$8,500

$0.35

$3,500

$0.14

$1,167

$0.05

CAM $16,789

$0.69

Repairs & Maintenance

Management Fee Recoveries

$14,569

$0.60

Trash Disposal

8,043

$0.33

Electricity

$4,200

$0.17

Real Estate Tax Recoveries

$52,045

$2.14

Water

$4,300

$0.18

Total Expense Reimbursements

$91,447

$3.76

Canopy & Parking Lights

$976

$0.04

$377,812

$15.55

Landscape Maintenance

$3,600

$0.15

$17,743

$0.73

$15,396

$0.63

$96,639

$3.98

Insurance Recoveries

EFFECTIVE GROSS REVENUE Operating Expenses

Total CAM

Total CAM

$17,743

$0.73

Management Fee (% of GPI)

$15,396

$0.63

Total Expenses

$8,500

$0.35

$55,000

$2.26

Total Recoverable Expenses

$96,639

$3.98

Net Operating Income

$281,174

$11.58

Total Insurance Total Real Estate Taxes

Capitalization Rate Capital Reserves at $0.15 PSF Cash Flow before Debt Service Market Loan Cash-on-Cash Return

7.61% $3,644 $277,530 $173,474 $104,056

MARKET OVERVIEW

Cash Flow after Debt Service

4.1%

4.1%

PROPERTY DESCRIPTION

CAM Recoveries

Management Fee

FINANCIAL ANALYSIS

Projected Income & Expenses

11.66%

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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RENT ROLL

LEWISVILLE VILLAGE

Minimum Rent

Recoveries

Total

Sq Ft

% of Sq Ft

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Amy Renee's Café

100

3,010

12.39%

09/15

02/21

$36,120

$3,010

$12.00

$11,975

$3.98

$48,095

12.06%

American Masters Martial Arts

200

1,678

6.91%

03/09

MTM

$20,136

$1,678

$12.00

$6,676

$3.98

$26,812

6.73%

Jin's Massage

300

1,620

6.67%

02/15

02/20

$18,630

$1,553

$11.50

$6,445

$3.98

$25,075

6.29%

State Farm

350

1,626

6.69%

04/00

03/23

$17,886

$1,491

$11.00

$6,469

$3.98

$24,355

6.11%

Available

400

1,305

5.37%

02/16

04/18

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

0.00%

Fitzgerald Jewelry

450

1,216

5.01%

02/98

09/18

$14,592

$1,216

$12.00

$4,838

$3.98

$19,430

4.87%

Charlton Enterprises, Inc

600

1,825

7.51%

02/94

04/21

$21,900

$1,825

$12.00

$7,261

$3.98

$29,161

7.31%

Charlton Enterprises, Inc

700

1,990

8.19%

01/18

09/20

$23,880

$1,990

$12.00

$7,917

$3.98

$31,797

7.98%

Charlton Enterprises, Inc

750

1,000

4.12%

01/18

09/20

$12,000

$1,000

$12.00

$3,979

$3.98

$15,979

4.01%

Charlton Enterprises, Inc

850

1,320

5.43%

01/18

09/20

$15,840

$1,320

$12.00

$5,252

$3.98

$21,092

5.29%

SI Computers

900

915

3.77%

05/02

10/18

$11,438

$953

$12.50

$3,640

$3.98

$15,078

3.78%

Charlton Enterprises, Inc

950

5,264

21.67%

11/09

09/20

$60,536

$5,045

$11.50

$20,943

$3.98

$81,479

20.44%

400A

1,521

6.26%

12/13

02/19

$19,008

$1,584

$12.50

$6,051

$3.98

$25,059

6.29%

PAD

0

0.00%

11/98

10/22

$14,400

$1,200

$0.00

$0.00

$0.00

$14,400

3.61%

Total Count/GLA

14

24,290

100%

$377,812

100.00%

Occupied

13

22,985

94.6%

Available

1

1,305

5.4%

$11.83

22,985

100.0%

EmbroidMe JPMorgan Chase ATM

Total Avg Rent

$286,366

$91,447

PROPERTY DESCRIPTION

Suite

Tenant

FINANCIAL ANALYSIS

Lease Dates

MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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ESTIMATED REIMBURSEMENT REVENUE

LEWISVILLE VILLAGE Management Fee

Insurance

Real Estate Taxes

Total Recovery

% of Sq Ft

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Amy Renee's Café

100

3,010

12.39%

$183

$0.73

$159

$0.63

$88

$0.35

$568

$2.26

$998

$3.98

American Masters Martial Arts

200

1,678

6.91%

$102

$0.73

$89

$0.63

$49

$0.35

$317

$2.26

$556

$3.98

Jin's Massage

300

1,620

6.67%

$99

$0.73

$86

$0.63

$47

$0.35

$306

$2.26

$537

$3.98

State Farm

350

1,626

6.69%

$99

$0.73

$86

$0.63

$47

$0.35

$307

$2.26

$539

$3.98

Available

400

1,305

5.37%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Fitzgerald Jewelry

450

1,216

5.01%

$74

$0.73

$64

$0.63

$35

$0.35

$229

$2.26

$403

$3.98

Charlton Enterprises, Inc

600

1,825

7.51%

$111

$0.73

$96

$0.63

$53

$0.35

$344

$2.26

$605

$3.98

Charlton Enterprises, Inc

700

1,990

8.19%

$121

$0.73

$105

$0.63

$58

$0.35

$375

$2.26

$660

$3.98

Charlton Enterprises, Inc

750

1,000

4.12%

$61

$0.73

$53

$0.63

$29

$0.35

$189

$2.26

$332

$3.98

Charlton Enterprises, Inc

850

1,320

5.43%

$80

$0.73

$70

$0.63

$38

$0.35

$249

$2.26

$438

$3.98

SI Computers

900

915

3.77%

$56

$0.73

$48

$0.63

$27

$0.35

$173

$2.26

$303

$3.98

Charlton Enterprises, Inc

950

5,264

21.67%

$320

$0.73

$278

$0.63

$154

$0.35

$993

$2.26

$1,745

$3.98

400A

1,521

6.26%

$93

$0.73

$80

$0.63

$44

$0.35

$287

$2.26

$504

$3.98

PAD

0

0.00%

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

24,290

100%

$1,399

EmbroidMe JPMorgan Chase ATM

Totals

$1,214

$670

$4,337

MARKET OVERVIEW

Sq Ft

PROPERTY DESCRIPTION

Suite

Tenant

FINANCIAL ANALYSIS

CAM

$7,621

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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TENANT INFORMATION

LEWISVILLE VILLAGE

FINANCIAL ANALYSIS

Tenant Summary Entity on Lease DBA Locations Ownership Insuring more cars and homes than any other insurer in the U.S. State Farm provides property, casualty, life and health insurance, as well as annuities, mutual funds and banking products.

Locations Annual Revenue Public/ Private

State Farm Insurance Over 18,000 agents across the U.S. Franchise S&P: AA $75.7 Billion in 2015 Private www.statefarm.com

PROPERTY DESCRIPTION

Website

Christopher D. Marshall, Individually

Tenant Summary Entity on Lease DBA Locations Ownership Credit Rating

Charlton Motors 1 location at Lewisville Village Corporate None

Annual Revenue

Private

Public/ Private

Private

Website

MARKET OVERVIEW

Charlton Motors is a family owned and operated business since 2001 and offers quality pre-owned trucks and cars at wholesale prices to thier customers.

Charlton Enterprises, Inc.

www.charltonmotors.com

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

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INVESTMENT HIGHLIGHTS

LEWISVILLE VILLAGE

Great Location: Lewisville Village is in a premier location within a strong retail hub and benefits from area traffic generators including Walmart Neighborhood Market, Lowe’s, Best Buy, and Office Max. The Property also benefits from traffic generated from The Shops at Highland Village, with retailers such as Whole Foods, AMC Theaters, Corner Bakery, and Barnes & Noble, as well as Highlands Plaza, which includes retailers such as Target, Bed Bath & Beyond, Academy, World Market, and many more. Lewisville Village is virtually the first property a home owner sees after exiting I-35 to travel east on Justin Rd.

High Traffic Counts with Convenient Access: With traffic counts of more than 40,000, FM 407 (Justin Road) is a major east-west thoroughfare in this portion of Denton County connecting the city of Flower Mound to Lewisville and Interstate 35E. Additionally, the Property is less than a mile from Interstate 35, a major north-south artery through Texas extending from Laredo through Oklahoma and as far north as Michigan. This stretch of I-35 carries more than 202,000 vehicles per day benefitting the Property with abundant consumer traffic.

Excellent Demographics: Since 2010, the trade area for Lewisville Village has seen an exceptional 11.74% growth in population. Additionally, the projected growth through 2020 for the same area is 13.53%. Currently, the populations within a three mile radius of the Property are 79,494 residents increasing to 183,986 residents within five miles. Additionally, this affluent community’s population base has average annual incomes of $108,446, $102,217, and $107,442 within their respective one, three, and five mile radius.

DFW’s Thriving Economy: The fourth largest as well as the fastest growing metropolitan area in the country, Dallas/Fort Worth’s population is projected to increase to over 10.5 million people by 2040. In 2014, The Brooking Institute ranked the DFW Metroplex 3rd for “Overall Economic Performance” due to its impressive job growth, low unemployment, high gross domestic product and healthy home prices through the recession and recovery. This strong and diverse economy added 140,000 residents between July 2015 and July 2016. Additionally, with 19 Fortune 500 companies, DFW has one of the largest corporate concentrations of Fortune 500 companies in the US. Dallas/ Fort Worth’s stable economy, vibrant population and job growth, as well as business friendly environment and low cost of living continuously promote an atmosphere of positive economic growth. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

MARKET OVERVIEW

PROPERTY DESCRIPTION

Long Term Tenancy: Lewisville Village has seen high tenant retention with 54% of the current tenant lineup at the Property for more than six years. Furthermore, of this collection of tenants 36% have been at the Property for 10 years or more. This seasoned tenant base survived the 2008 downturn, which would point to future longevity.

FINANCIAL ANALYSIS

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SITE PLAN

LEWISVILLE VILLAGE

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

Tenant

Suite

Tenant

100

Amy Renee’s Cafe

450

Fitzgerald Jewelry

200

American Masters Martial Arts

600

Pizza Hut

300

Jin’s Massage

700 -850

Pending Lease

350

State Farm

900

SI Computers

400

Available

950

Charlton Motors

400A

EmbroidMe

PAD

Chase ATM

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

MARKET OVERVIEW

Suite

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AERIAL MAP

FINANCIAL ANALYSIS

The Shops at Highland Village

LEWISVILLE VILLAGE

The Marketplace at Highland Village

PROPERTY DESCRIPTION

JUSTIN RD The Highlands of Flower Mound

MARKET OVERVIEW

The Highlands of Flower Mound

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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LOCAL MAP

LEWISVILLE VILLAGE

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

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REGIONAL MAP

LEWISVILLE VILLAGE

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

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LEASE COMPARABLES

Lewisville Village  1425 FM 407 (Justin Road) Lewisville, TX 75077

GLA

Year Built

Current Occupancy

24,290

1986

Major Tenants

Available SF

Rental Rates

NNN

100.0%

State Farm, Pizza Hut, Charlton Motors, EmbroidMe, Fitzgerald Jewelers

0

$11.00 - $15.00

$3.94

401,113

2007

94.7%

AMC, Whole Foods, Corner Bakery, Potbelly, Torchy's Tacos, Snuffer's, Zumiez, Victoria's Secret

21,139

Inline $23.00 - $30.00

$5.00

2

The Highlands of Flower Mound 6101 Long Prairie Rd

148,700

2003

97.0%

Bed Bath & Beyond, World Market, Famous Footwear, Cotton Patch Café, GNC, Sally Beauty

4,479

$24.00-$28.00

$7.00

3

Marketplace at Highland Village 3188 Justin Rd

148,099

2007

98.9%

LA Fitness, HomeGoods, TJ Maxx, Dollar Tree, Enterprise

1,597

$24.00-$28.00

$7.28

4

Lewisville Commons 1515 Justin Road

29,079

2005

100.0%

Walmart Neighborhood Market (Shadow), Dickey's BBQ, Kid-to-Kid, Metro PCS, Edible Arrangements

0

$15.00 - $22.50

$5.30

5

Lake Park Village 1297 Justin Road

25,741

1985

81.2%

Subway, Sherwin Williams, Armstrong McCall, Excellent Nails, Embroidery King

4,850

$10.00 - $13.00

$4.93

6

407 McGee Village 1301 FM 407

34,611

1984

85.0%

Edward Jones, Jackson Hewitt, Nick's Pizza, Postal Center, All Seasons Heating & Air,

5,191

$12.00 - $14.00

$5.00

7

Highland Plaza 1800-1862 Justin Road

41,615

1985

80.5%

CrossFit, Edward Jones, Girl Scouts, CareWay Dental, Float Spa, 407 Bar & Grill

8,100

$7.50 - $13.00

$5.05

8

Highland Point Village 1940-1952 FM 407

57,306

1992

93.1%

Goody Goody Liquor, Domino's Pizza, Bluebonnet Bicycles, Troy's Cuts

3,930

Inline $13.00 - $21.00

$3.42

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

MARKET OVERVIEW

Shops at Highland Village 3580 - 4150 FM 407

PROPERTY DESCRIPTION

1

FINANCIAL ANALYSIS

Property Name

LEWISVILLE VILLAGE

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LEASE COMPARABLES

LEWISVILLE VILLAGE

FINANCIAL ANALYSIS

Lewisville Village 1

Shops at Highland Village

2

The Highlands of Flower Mound

3

Marketplace at Highland Village

4

Lewisville Commons

5

Lake Park Village

6

407 McGee Village

7

Highland Plaza

8

Highland Point Village

8

7

4

6

PROPERTY DESCRIPTION

2

1

5

3

MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

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MARKET SUMMARY

LEWISVILLE VILLAGE

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

DALLAS, TX 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.

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.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

MARKET OVERVIEW

The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 6,810,913 people as of July 1, 2013. The metropolitan economy is the sixth largest in the United States, with a 2012 real GDP of $420.34 billion. In 2013 the metropolitan area led the nation with the largest year-over-year increase in employment, and advanced to become 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 2013, 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 Co-operation and Development. The Dallas-Fort Worth Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city of Dallas has 12 Fortune 500 companies, and the DFW region as a whole has 20.

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DEMOGRAPHIC STATISTICS 1 Mile

3 Mile

5 Mile

2022 Projection 2017 Estimate 2010 Census Growth 2017-2022 Growth 2010-2017 2017 Population Hispanic Origin

15,328 13,508 12,099 13.47% 11.65% 1,850

90,164 79,494 71,444 13.42% 11.27% 16,875

208,792 183,986 164,726 13.48% 11.69% 37,318

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

10,665 1,339 84 1,091 13 316 22

66,366 5,483 676 5,121 73 1,775 39

151,387 13,390 1,523 13,442 174 4,070 78

5,408 4,774 4,339 13.28% 10.03% 4,140 634 $108,446 $94,918

31,923 28,161 25,476 13.36% 10.54% 20,518 7,643 $102,217 $81,023

73,285 64,552 57,777 13.53% 11.73% 47,037 17,515 $107,442 $86,124

255 613 931 738 909 507 445 376

2,455 5,139 5,528 3,974 3,412 2,492 2,789 2,370

5,498 11,308 11,304 9,362 7,955 5,772 6,923 6,430

FINANCIAL ANALYSIS

Radius

LEWISVILLE VILLAGE

Population:

2017 Population by Race:

2022 Projection 2017 Estimate 2010 Census Growth 2017 - 2022 Growth 2010 - 2017 Owner Occupied Renter Occupied 2017 Avg Household Income 2017 Med Household Income <$25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $125,000 $125,000 - $150,000 $150,000 - $200,000 $200,000+

MARKET OVERVIEW

2017 Households by Household Inc:

PROPERTY DESCRIPTION

Households:

Demographic data © CoStar 2017 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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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: ӽӽ that the owner will accept a price less than the written asking price; ӽӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽӽ 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

Lewisville Village - Lewisville, TX  
Lewisville Village - Lewisville, TX