Murphy Express - El Paso, TX

EL PASO, TX

Representative Photo

PRI CING & F INAN CI AL AN ALYSI S

M U R P H Y E X P R E SS - E L PASO, T X

Murphy Express 12295 Pellicano Dr El Paso, TX 79936

OFFERING SUMMARY

ANNUALIZED OPERATING DATA

Price

$2,157,000

Cap Rate

4.45%

Net Operating Income Year Built Gross Leasable Area

-

2021

11-15

9/1/2031

$111,974

8.00%

16-20

9/1/2036

$120,932

8.00%

Option 1: 21-25

9/1/2041

$130,607

8.00%

Option 2: 26-30

9/1/2046

$141,056

8.00%

Option 3: 31-35

9/1/2051

$152,340

8.00%

Option 4: 36-40

9/1/2056

$164,526

8.00%

08/16/2021

Lease Expiration

08/31/2041

Remaining Term

20 Years

Lease Type

Ground

Roof & Structure

Tenant 8% Increases Every 5

Options to Purchase

$96,000

8.00%

Lease Commencement

Options

08/16/2021

1-5

$103,680

20 Years

Guarantor

Increase

9/1/2026

LEASE SUMMARY

Increases

Annual

6-10

0.93 Acres

Lease Term

Commencement

$96,000 2,824 SF

Lot Size

Year(s)

NET OPERATING INCOME

$96,000

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

Corporate 4x5 Yes - ROFR

Estimated Completion Date is 8/16/2021

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

2

TE NA NT OVERV I EW

The tenant we are developing for is Murphy USA Inc (NYSE: MUSA). We are opening a Murphy Express branded gas station with a 20 year lease. They are ranked #262 on the Fortune 500 list and have a market cap of over $4 billion. They have investment grade credit ratings of Moody’s Ba2 and S&P BB+. They have 1,500 locations – 1,200 of which are located in Walmart parking lots. All stores are corporate owned and managed. Murphy USA is an American corporation operating a chain of retail gas stations that are primarily located in proximity to Walmart stores. Founded as a spin-off of Murphy Oil in 2013, Murphy USA operates more than 1,450 retail fueling stations in 26 US states. Over 1,100 locations are located near Walmart stores.

However, in 2016, Murphy USA announced a change in its relationship with Walmart, as the company began opening their own in-house gas stations and convenience stores.

M U R P H Y E X P R E SS - E L PASO, T X

COMPANY SUMMARY Company

Murphy USA Inc.

Ownership

Public (NYSE: MUSA)

Number of Locations

1,500

Years in Business

7 Years as Murphy USA

Headquarters

El Dorado, AR

Website

www.murphyusa.com

PROPERTY DESCRIPTION

3

I N VE S TMENT HI GHLI GHT S • 20 Year Absolute Net Ground Lease – Zero Landlord Responsibility • B rand New 2021 Construction – Across the Street from Monteverde Development which is an Alamo Drafthouse Anchored, 30 Acre, $80 Million Mixed Use Development. This is the Second Location for Alamo Drafthouse in El Paso. Based off a Study From 2018, Almost 1.5 Million Customers have come to the First Location in the 2.5 Years It has been Open (Click Here to Learn More) • Just Down the Street from America’s High School Which Has Approximately 2,355 Students (4th Largest High School in El Paso) • Strong Corp. Tenant Murphy USA (NYSE: MUSA) - Over $4 Billion Market Cap & Fortune 500 Company

M U R P H Y E X P R E SS - E L PASO, T X

SNAPSHOT

46,000

$87,740

Estimated Vehicle Per Day

Average Household Income

• Surrounding Retailers Include Alamo Drafthouse, AutoZone, Family Dollar, Speedway, Valero, and Many More • L ocated on a Hard Corner of Joe Battle Blvd (Access Rd to TX 375 Loop) and Pellicano – Both TX 375 Loop and Pellicano Dr are Major Thoroughfares with Traffic Counts Exceeding 42,000 and 26,000 Vehicles per Day • H eavily Populated Area – Population Exceeds 438,000 within a 10Mile Radius

230,970 Population: 5 Mile Radius

• L ocated just North of the SISD Football Stadium Which has a Capacity of 11,000. This Facility Hosts High School Football, Soccer, Swim Meets, and Track & Field Events. It Cost Approximately $9.2 Million to Construct and Broke Ground in 1997

PROPERTY DESCRIPTION

4

S I T E PL A N

M U R P H Y E X P R E SS - E L PASO, T X

ACM CANOPY FASCIA - 'PROGRAM RED' BY ALPOLIC T.O. FASCIA 18'-9" T.O. ACCENT BAND 15'-0" B.O. ACCENT BAND 14'-6" PREFINISHED METAL ACCENT BAND - 'PURE WHITE' SW #7005

CANOPY COLUMNS PAINTED 'DORMER BROWN' SW #7521 FIN. FLR. ELEVATION 0'-0"

1

ELEVATION - FRONT (SOUTH)

ACM CANOPY FASCIA - 'BRUSHED ALUMINIUM' BY ARCONIC METAL TRIM - 'DORMER BROWN' SW #7521 ACM FASCIA - 'BRUSHED ALUMINUM' BY ARCONIC

2

ELEVATION - RIGHT (EAST)

T.O. FASCIA 18'-9" T.O. TOWER 18'-6" T.O. ACCENT BAND 15'-0" T.O. BUILDING 15'-8" B.O. ACCENT BAND 14'-6" ACM FASCIA - 'PROGRAM RED' BY ALPOLIC BRICK VENEER - 'LIGHT SANDSTONE VELOUR' BY ENDICOTT

BRICK VENEER - 'EMPIRE IVORY VELOUR' BY CAROLINA CERAMICS BRICK VENEER - 'LIGHT SANDSTONE VELOUR' BY ENDICOTT FIN. FLR. ELEVATION 0'-0"

3

ELEVATION - REAR (NORTH)

METAL DOORS AND FRAMES TO BE PAINTED 'DORMER BROWN' SW #7521

T.O. TOWER

4

ELEVATION - LEFT (WEST)

18'-6" T.O. BUILDING 15'-8"

METAL TRIM - 'DORMER BROWN' SW #7521 ACM FASCIA- 'BRUSHED ALUMINIUM' BY ARCONIC ACM FASCIA - 'PROGRAM RED' BY ALPOLIC

BRICK VENEER - 'LIGHT SANDSTONE VELOUR' BY ENDICOTT

BRICK VENEER - 'EMPIRE IVORY VELOUR' BY CAROLINA CERAMICS

8'-0" HIGH ENCLOSURE - WHOLE BRICK 'LIGHT SANDSTONE VELOUR' BY ENDICOTT (SUPPLIED AND INSTALLED BY GC)

FIBERTECH COMPOSITE FENCE GATES, PAINTED 'DORMER BROWN' SW #7521 (SUPPLIED AND INSTALLED BY GC)

BRICK VENEER - 'LIGHT SANDSTONE VELOUR' BY ENDICOTT FIN. FLR. ELEVATION 0'-0"

6

TRASH ENCLOSURE 11'-9" .

3'-7 1/8".

6".

8'-9".

T.O. PYLON 25'-0" MAX

2'-4". 6".

5

ELEVATION - FRONT BUILDING ONLY (SOUTH)

7'-1" .

7'-1 1/2" .

CLEAR

7

PYLON SIGN AREA S.F.

TOTAL S.F.

MURPHY BLDG. CHANNEL LETTER 'STAR' LOGO

1

GRAPHIC AREA

34.90

34.90

MURPHY EXPRESS BLDG. LOGO

SIGN

QTY.

1

HEIGHT

GRAPHIC AREA

WIDTH

27.71

27.71

MURPHY EXPRESS CANOPY LOGO

1

GRAPHIC AREA

24.00

24.00

SMALL CANOPY PRICE SIGN (UNL / DSL)

4

34.13"

74.00"

17.54

MEDIUM CANOPY PRICE SIGN (UNL / DSL)

2

43.13"

97.00"

29.05

TOTAL SIGNAGE (A):

70.16 58.10 214.87 S.F.

PYLON SIGN:

UNLEADED W/ LOGO

1

105.00"

141.00"

102.81

DIESEL

1

43.13"

85.00"

25.46

ETHANOL - FREE AVAILABLE

1

28.00"

85.00"

16.53

102.81 25.46 16.53

TOTAL SIGNAGE (B):

144.80 S.F.

TOTAL SIGNAGE (A + B):

359.67 S.F.

EL PASO, TX (12295 PELLICANO DR.) (R00) JUNE 17, 2020

PROPERTY DESCRIPTION

5

S I T E PL A N

M U R P H Y E X P R E SS - E L PASO, T X 3

LOT 2, BLOCK 1 AMEX COMMERCIAL PARCEL # A53799900100200 AMEX PROPERTIES, LLC ZONE: C-4

Benchmark #1: A set "X" in the West Right of Way of Joe Battle Blvd. being approximately 16' Northeast of a 1/2" rebar being the Southeast corner of the Subject property, also being approximately 38' North of an electric vault.

N: 10640900.70' E: 452245.28' Elev.: 4016.83'

6

Benchmark #2: A set "X" being approximately 16' South of a 5/8" rebar with green CEI cap being the Northeast corner of the Subject property, also being approximately 94' Northeast of the Northeast corner of the building on Lot 2, Block 1 of Amex Commercial.

N: 10641049.82' E: 452048.40 Elev.: 4011.69'

20' DRAINAGE EASEMENT 60.17' 84.83'

48.15' CF

CF

R20' CF

193.15'

R15'

CF

65.17'

5' BLUE

18' TYP

E

9'

PROPOSED PRIVATE FIRE HYDRANT

9'

9'

CF

BLUE 162 SF

R3'

R5'

30'

9' TYP

S05°18'32"WCF

61.63'

10 R3'

5'

SETBACK

10.65'

44.1'

104'

10' BUILDING

E-0/E-85

CF

30' 26.67'

30'

13.93'

26'

26'

W SS

Overhead Electric Line

Traffic Sign (Type of Sign) Guy Wire / Anchor Utility Pole

Edge of Dirt Path

E

Electric Riser

Break Line Water Line Per Doc# 08-5104_01 City of El Paso Water Utilities Sanitary Sewer Line

T

Telephone Riser

T

Telephone Manhole (TMH)

E

Electric Vault

Sewer Manhole (SMH)

S

Light Pole Overhanging Light Pole (1 Lamp) Light Pole (4 Lamps) Warning Fiber Optic Line Sign

F

Single Pole Pylon Sign

Benchmark (BM) Found Monument (As Noted) Set 5/8" Rebar W/ CEI Cap

SEE SHEET C-3.1 FOR BUILDING ROOF AND CANOPY DRAINAGE

MAG

Found Nail (As Noted)

Tree (Deciduous)

(Size) ?

Unknown Manhole Set Chiseled "X"

Fire Hydrant

Stand Water Pipe

Water Vault

W

CONCRETE JERSEY BARRIER

PROPOSED LEGEND PROPERTY LINE/RIGHT OF WAY LINE CONCRETE CURB AND GUTTER. SEE DETAIL 01A.

#

PROPOSED PARKING SPACES

BUILDING CONTROL POINT

GENERAL SITE NOTES A.

ALL DIMENSIONS SHOWN ARE TO THE FACE OF CURB UNLESS OTHERWISE NOTED.

B.

ALL CURB RETURN RADII SHALL BE 3', AS SHOWN TYPICAL ON THIS PLAN, UNLESS OTHERWISE NOTED.

C.

UNLESS OTHERWISE SHOWN, CALLED OUT OR SPECIFIED HEREON: ALL CURB AND GUTTER ADJACENT TO PAVING SHALL BE INSTALLED PER DETAIL.

5'

18' TYP

25' EASEMENT

"W

CF6

4'5

3 0°

S5

2'

3.6

10

R3'

TYP.

CF

'

CF

R45'

9' TYP

7

150.57°

SEE ASSOCIATED PLANS FOR CANOPY, COLUMN, PUMP ISLAND DETAILS AND LAYOUT.

.98

D.

CONTRACTOR SHALL BEGIN CONSTRUCTION OF ANY LIGHT POLE BASES FOR RELOCATED LIGHT FIXTURES AND RELOCATION OF ELECTRICAL SYSTEM AS SOON AS DEMOLITION BEGINS. CONTRACTOR SHALL BE AWARE THAT INTERRUPTION OF POWER TO ANY LIGHT POLES OR SIGNS SHALL NOT EXCEED 24 HOURS.

E.

THE LOCATION OF THE CONSTRUCTION FENCE ON THE DRAWINGS IS FOR GRAPHICAL REPRESENTATION ONLY. THE CONTRACTOR IS TO ENSURE THAT THE CONSTRUCTION FENCE ENCOMPASSES THE ENTIRE WORK AREA.

F.

ALL SLOPES AND AREAS DISTURBED BY CONSTRUCTION SHALL BE GRADED SMOOTH AND FOUR INCHES OF TOPSOIL APPLIED. IF ADEQUATE TOPSOIL IS NOT AVAILABLE ON SITE, THE CONTRACTOR SHALL PROVIDE TOPSOIL, APPROVED

BY THE OWNER, AS NEEDED. THE AREA SHALL THEN BE SEEDED/SODDED, FERTILIZED, MULCHED, WATERED AND MAINTAINED UNTIL HARDY GRASS GROWTH IS ESTABLISHED IN ALL AREAS. ANY AREAS DISTURBED FOR ANY REASON PRIOR TO FINAL ACCEPTANCE OF THE PROJECT SHALL BE CORRECTED BY THE CONTRACTOR AT NO ADDITIONAL COST TO THE OWNER.

G.

CONTRACTOR SHALL PURCHASE AND INSTALL A MAILBOX AND SHALL COORDINATE LOCATION OF MAILBOX WITH MURPHY CONSTRUCTION MANAGER AND/OR ON-SITE REPRESENTATIVE AND LOCAL POSTMASTER.

H.

ALL PROPOSED PAVEMENT STRIPING OR MARKINGS SHALL FOLLOW THE SPECIFICATIONS FOR PAINT INCLUDED IN DETAIL 10A.

18.36'

5'

5.2 6.1'

257.16'

N86°55'42"W

5'

DETENTION T 4 E POND

CF 40.49'

4

110.50'

SITE DETAILS

19.45'

1A 2E 2F 3D 3K 5B 9U 9V 10A 10B 12G 13A 18G 21G 21P 21T 21U 71A 71D 71E

F

T 50.56' E

PELLICANO DR

CROSS WALK

CONCRETE

LANDSCAPE AREA

E

INTEGRAL CONCRETE CURB DUMPSTER ENCLOSURE CONSTRUCTION FENCE CONCRETE SIDEWALK CONCRETE SIDEWALK TRAFFIC SIGN IN BOLLARD ACCESSIBLE PARKING SYMBOL (SEE PAINT COLOR INDICATED AT SYMBOL) ACCESSIBLE / VAN PARKING SIGN MOUNTED IN BOLLARD TRAFFIC FLOW ARROW (TYP.) STOP BAR (TYP.) STOP SIGN TYPICAL LIGHTING POLE BASE DETAIL CONSTRUCTION CAMERA (COORDINATE WITH MOUSA PM FOR LOCATION) AIR VACUUM UNIT WITH 4'X7' CONCRETE SLAB. 5'X7' ICE UNIT. SEE NUMBER INDICATED AT SYMBOL. MAILBOX (CONTRACTOR SHALL COORDINATE WITH MURPHY PM POSTMASTER PRIOR TO INSTALLATION) CONCRETE PAD FOR PROPANE RACK. CONCRETE CURB AND CURB AND GUTTER (PER TXDOT DETAIL CCCG-12) DETECTABLE WARNING SURFACE (PER TXDOT DETAIL PED-180) CURB RAMP (PER TXDOT DETAIL PED-18)

MURPHY U.S.A. MURPHY EXPRESS

26

10' LANDSCAPE BUFFER

DRAWING LOCATION - P:\31000\31729.0\DRAWINGS\DESIGN\_WORKING\31729-SP.DWG -- SAVED BY - IJANKUN

Water Valve

Irrigation Control Box

E

35'

R3'

71.45'

30'

10' BUILDING SETBAC

71.43'

R30'

R30'

12''SS

Right-of-Way Line

Sprinkler Control Valve

CONTRACTOR TO ENSURE THE LIGHT POLE AND HANDICAP PARKING SIGNS ARE AT LEAST 2' FROM THE BACK OF THE CURB TO PREVENT THE VEHICLES STRIKING THE LIGHT POLE OR HANDICAP PARKING SIGN.

3030 LBJ FR DALL PHONE: FAX: (9

Water Meter

Adjoining Boundary Line

13'

5' UTILITY EASEMENT

K

CF

R5'

R3'

12''SS

CEI ENGINEERI Boundary Line

PAVEMENT SHALL BE INSTALLED IN ACCORDANCE WITH THE PAVING PLAN OVER THE ENTIRE PARKING LOT AREA AND ALL APPROACH DRIVES.

LOT 2, BLOCK 1 AMEX COMMERCIAL PARCEL # A53799900100200 AMEX PROPERTIES, LLC ZONE: C-4

4

Know what's

Easement Line

45.49'

173.9'

26'

TYP.

R5'

4

40'

Gas Line

G

CF

46'

53' CF

10' PRIVATE DRAINAGE

EASEMENT

40.76'

REGULAR

13' 40.52' PREMIUM

E

DIESEL

4

CF

4

REMOTE TANK VENTS

OHE

PROVIDED 10' 10' 10' 10'

REQUIRED 10' 10' 10' 10'

CONTRACTOR SHALL BE RESPONSIBLE FOR AND HIRE A TEXAS REGISTERED LAND SURVEYOR TO ESTABLISH PROPERTY CORNERS, CANOPY, ETC. AS REQUIRED FOR CONSTRUCTION LAYOUT.

112.29'

8.5'

5'

40'

8'

157.78'

SALES

R5'

FRONT: SIDE (INTERIOR): SIDE (R.O.W.) REAR:

5' CF

WALK-IN COOLER

110.61'

N03°02CF '59"E

20LF

CASHIER

60.01'

4

30'

EXISTING LEGEND

BUILDING SETBACKS:

44.12'

228.17'

44.12'

18'

4

30'

BEER CAVE

JOE BATTLE BL VD

CF

UTILITY/OFFICE

5'

ZONING: C-4

5'

MEN'S ROOM

WOMEN'S ROOM

HALLWAY

4

CF

20' SCALE IN FEET

5'

10' BUILDING SETBACK 60.14'

BM - 2 Elev.= 4011.69'

S86°46'26"E

0

NOTE: SEE ARCHITECTURAL PLANS FOR EXACT LOCATIONS AND DIMENSIONS OF PORCHES, RAMPS, VESTIBULE, SLOPED PAVING, TRUCK DOCKS, BUILDING UTILITY ENTRANCE LOCATIONS AND PRECISE BUILDING DIMENSIONS.

5'

6

10'

DETENTION POND

5'

10.17'

CF

MURPHY OIL U.S.A. INC.

3

SITE NOTES 12''SS

12''SS

12''SS

12''SS

2G

S

12''SS

12''SS

12''SS

PARKING INFORMATION MURPHY OIL DESCRIPTION

BUILDING AREA (S.F)

2,824 MURPHY OIL STALL DIMENSIONS: 9' X 18'

RATIO 1/360 S.F

RATIO 1/360 S.F

NO. OF FUEL ISLANDS: 8

REGULAR 8 REGULAR 16

REQUIRED: SPACES ACCESSIBLE VAN ACCESSIBLE 1 PROVIDED: ACCESSIBLE VAN ACCESSIBLE 1

8B 12A 12D 14J

12''SS

PRE-CONSTRUCTION IMPERVIOUS SITE RATIO (ISR) TOTAL 9 TOTAL 17

AREA

SQUARE FEET

14K 16A 21A 21B 21D 21E

POST-CONSTRUCTION IMPERVIOUS SITE RATIO (ISR) %

AREA

SQUARE FEET

0

0%

IMPERVIOUS (ROOF AND PAVING)

32,420

80%

40,420

100%

GREEN SPACE

8,000

20%

100%

GROSS SITE

40,420

100%

IMPERVIOUS (ROOF AND PAVING) GREEN SPACE GROSS SITE

40,420

%

21H 21K 21L 24E 51B

DRILL (2) 3/4" X 5/8" DIA. HOLES (1) EACH FOR OPEN POSITION & CLOSED POSITION OF GATES. TO BE USED ON BOTH SIDES OF GATE. SEE DUMPSTER DETAIL. OVERHEAD CANOPY - (TYP. PER ARCH. PLANS).

4 INCH TRAFFIC YELLOW LANE STRIPE (SEE LENGTH INDICATED AT SYMBOL).

4 INCH WIDE PAINTED STRIPES. 2.0 FOOT O.C. @ 45 DEGREES (SEE SIZE INDICATED AT SYMBOL).

GC TO INSTALL (1) 4" PVC SLEEVE FOR IRRIGATION LINE. SEE UTILITY PLAN FOR INSTALLATION REQUIREMENTS. GC TO INSTALL (2) 4" PVC SLEEVE FOR FUTURE USE. SEE UTILITY PLAN FOR INSTALLATION REQUIREMENTS. MURPHY PYLON SIGN PER APPROVED ELEVATION. SEE UTILITY PLAN FOR INSTALLATION OF CONDUITS. TAPER CURB TO MATCH EXISTING CURB. TAPER CURB FROM 6 INCHES TO 0 INCHES OVER 2 FEET. EDGE OF CONCRETE SLAB (PER TANK AND PIPING PLANS).

UNDERGROUND STORAGE TANKS (1) 25,000 GAL.-REGULAR, (1) 8,000 GAL.-PREMIUM, (1) 10,000 GAL.-DIESEL, (1) 8,000 GAL-E-O. ATM LOCATION MURPHY USA ID SIGN PER APPROVED ELEVATION. PRICE SIGN PER APPROVED ELEVATION. PAD MOUNTED TRANSFORMER LIMITS OF SAWCUT AND PAVEMENT REMOVAL.

F-7524

PROFESSIONAL OF

PROJECT MANAGE DESIGNER

CEI PROJECT NUM DATE REVISION

SITE PLAN SHEET TITLE SHEET NUMBER

C-1

NO. OF VEHICLE FUELING POINTS: 16

© 2020 CEI ENGINEERING ASSOCIATES, INC.

PROPERTY DESCRIPTION

11

6

S I T E PL A N

M U R P H Y E X P R E SS - E L PASO, T X

PROPERTY DESCRIPTION

7

A E R I AL MA P

M U R P H Y E X P R E SS - E L PASO, T X

00

SIERRA VISTA ELEMENTARY SCHOOL 0

VP

PE

LL

IC

AN

O

42,239 VPD

D

TX-375 LOOP

26 ,

DR

AMERICAS HIGH SCHOOL

MONTVERDE 30 ACRE $80 MILLION MIXED USE DEVELOPMENT

Representative Photo

SISD STUDENT ACTIVITES COMPLEX

MARKET OVERVIEW

8

LO C AL MA P

M U R P H Y E X P R E SS - E L PASO, T X

MARKET OVERVIEW

9

REG IONA L MA P

M U R P H Y E X P R E SS - E L PASO, T X

MARKET OVERVIEW

10

M A R KET S U MMARY

M U R P H Y E X P R E SS - E L PASO, T X

El Paso, TX

OVERVIEW El Paso, which is Spanish for “the pass”, is a city in and the county seat of El Paso County, Texas, in the far western part of the state. The 2018 population estimate for the city from the U.S. Census was 682,669. El Paso stands on the Rio Grande across the Mexico–United States border from Ciudad Juárez, with Las Cruces, NM, to the north.

The city has a strong federal and military presence.

William Beaumont Army Medical Center, Biggs Army Airfield, and Fort Bliss call the city home.

Fort Bliss is one of the largest military complexes of the United States Army and the largest training area in the United States. However, El Paso has a diversified economy focused primarily within international trade, military, government civil service, oil and gas, health care, tourism and service sectors.

The El Paso metro area had a GDP of $29 billion in 2011. There were also $92 billion worth of trade in 2012. Over the past 15 years the city has become a significant location for American-based call centers. Cotton, fruit, vegetables, and livestock are also produced in the area. El Paso has added

a significant manufacturing sector with items and goods produced that include petroleum, metals, medical devices, plastics, machinery, defenserelated goods and automotive parts. The city is the second busiest international crossing point in the U.S. behind San Diego.

The University of Texas at El Paso (UTEP) also calls the city home. Founded in 1914, UTEP is part of the University of Texas System and has an enrollment over 25,000 students. UTEP is the second-largest university in the U.S. to have a majority Mexican American student population.

El Paso is home to one Fortune 500 company in Andeavor (formerly Western Refining), which is listed on the New York Stock Exchange. More than 70 Fortune 500 companies have offices in El Paso, including AT&T, ADP, Boeing, Charles Schwab, Delphi, Dish Network, Eureka, Hoover, Raytheon, State Farm and USAA. Hispanic Business Magazine included 28 El Paso companies in its recently released list of the 500 largest Hispanic owned businesses in the United States. El Paso’s 28 companies are second only to Miami’s 57.

MARKET OVERVIEW

11

D E M OG RA PHIC STAT I ST I CS

M U R P H Y E X P R E SS - E L PASO, T X

1 Mile

3 Mile

5 Mile

Population

1 Mile

3 Mile

5 Mile

Households:

2010 Population

10,463

69,161

230,970

2010 Households

3,140

21,048

70,343

2020 Population

12,509

75,016

248,225

2020 Households

3,734

22,721

75,399

2025 Population Projection

12,805

75,610

249,798

2025 Household Projection

3,821

22,888

75,857

Annual Growth 2010-2020

1.80%

0.80%

0.70%

Annual Growth 2010-2020

2.20%

1.40%

1.30%

Annual Growth 2020-2025

0.50%

0.20%

0.10%

Annual Growth 2020-2025

0.50%

0.10%

0.10%

Median Age

31.1

31.2

31.6

Owner Occupied

2,926

16,291

54,861

Bachelor's Degree or Higher

28%

22%

20%

Renter Occupied

895

6,597

20,996

95

864

2400

Avg Household Size

3.4

3.3

3.3

2

2

2

$130.3M

$697.4M

$2.2B

U.S. Armed Forces

Avg Household Vehicles

Population By Race

Total Consumer Spending

White

11,641

70,463

233,628

Black

387

1,935

6,342

American Indian/Alaskan Native

102

723

2,690

Avg Household Income

$87,740

$70,934

$65,427

Asian

225

889

2,291

Median Household Income

$71,074

$58,584

$53,817

18

136

401

< $25,000

386

3,960

16,135

136

870

2,873

$25,000 - 50,000

636

5,402

18,651

11,036

67,733

223,660

$50,000 - 75,000

1012

5,596

17,290

$75,000 - 100,000

573

2,819

8,985

Hawaiian & Pacific Islander Two or More Races Hispanic Origin

Housing Median Home Value Median Year Built

Demographic data © CoStar 2020

Income

$169,320

$147,788

$139,102

$100,000 - 125,000

510

2,418

7,406

2003

1996

1993

$125,000 - 150,000

229

1,015

2,750

$150,000 - 200,000

192

880

2,576

$200,000+

194

631

1,606

MARKET OVERVIEW

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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 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.

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

Net Lease Disclaimer STRIVE hereby advises all prospective purchasers of Net Leased 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 net leased 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 net leased 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 net leased 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 tenant 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 tenant 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 lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant 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 net leased 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

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