Prestonwood Court II - Dallas, TX

PRESTONWOOD COURT II DALLAS, TX

PRESTONWOOD TOWN CENTER

304,120 VPD

PRICING & FINANCIAL ANALYSIS

P R E STO NWO O D CO U R T II

Prestonwood Court II 15250 Dallas Pkwy Dallas, TX 75248

OFFERING SUMMARY Price Cap Rate Net Operating Income

$4,032,041 7.00% $282,243

Price PSF

$358.18

Occupancy

100.0%

Year Built Gross Leasable Area Lot Size

2011 11,257 SF 1.05 Acres

*Prestonwood Court II can also be purchased alongside Prestonwood Court I, please contact Agent for details.

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

2

I N VE S TMENT HI GHLI GHT S •

Below Market Rental Rates: The average rental rate at Prestonwood II is only $25.85 psf. Neighboring properties as shown on the lease comparable set in this Offering Memorandum are as high as $45.00 psf and virtually every asset in the competitive set is achieving rents over $30.00 psf.

•

Prime Location: The Property fronts on the Dallas North Tollway, which carries more than 304,000 cars per day. Prestonwood Court is also located in one of the most dynamic locations in DFW, sharing an access road with Prestonwood Town Center and tenants such as Walmart, Best Buy, Ulta Beauty, Michaels, DSW, Office Depot, and many more.

•

Easily Accessible: The Property benefits from direct access off Dallas Parkway as well as cross access to the road to Prestonwood Town Center. Additionally, Prestonwood II has cross access with the In-N-Out Burger, which generates tremendous traffic flow.

•

High Daytime Population: Addison is quickly turning into one of DFW’s main office hubs. Within 5 miles of the Property there are nearly 25,000 businesses that employ over 307,000 employees.

•

Densely Populated Area: The population within a 5-mile radius exceeds 450,000 people. This area has grown in population by more than 22% since 2010 and is expecting an additional 9% growth over the next 5 years. The property also enjoys a high population both at lunch and in the evening. Within one mile of the property, the daytime population is 41,705 and the nighttime population is 21,183. Furthermore, the average household income within 3 miles of the property is $98,871.

•

E-Commerce Resistant Tenant Base: The Property is insulated from the effect of e-commerce due to a mix of tenants and a focus on in-person shopping, service, or dining experience

•

Desirable Trade Area: The Property is located in the heart of the Addison retail hub and benefits from its close proximity to tenants such as Whole foods, AMC Theater, 24 Hour Fitness, Plucker’s Wing Bar, Houston’s, Flying Saucer, Chipotle, AT&T, Whataburger, Chick-Fil-A, In-N-Out, and many more.

P R E STO NWO O D CO U R T II

PROPERTY DESCRIPTION

3

S I T E PL A N

P R E STO NWO O D CO U R T II

Hot Worx

Mariner Finance

Manolo Salon

Pie Five

Texas Direct Auto

Jersey Joe’s Pinkie Luxe N Deli ail Salon

Hoote n Family Chiropractic

TOWN

Mattre ss Firm

Zio Al ’s Storag e

Zio Al ’s Pizza & Pasta

PREST O

Garian i Mensw ear

Ava Sophia Salon

03 Purity

PRESTONWOOD COURT II

NWOO D

Men’s T

CENTE

R RD

PRESTONWOOD COURT I*

DALLA

S PAR

KWAY

(304,0

00 VP

D)

*Prestonwood Court I can also be purchased alongside Prestonwood Court II PROPERTY DESCRIPTION

4

PRICING & FINANCIAL ANALYSIS

P R E STO NWO O D CO U R T II

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space

CURRENT 100%

PSF

EXPENSES

CURRENT

PSF

$289,660

$25.73

Real Estate Taxes

$75,000

$6.66

$289,660

$25.73

Insurance

$4,300

$0.38

$37,576

$3.34

Alarm/Fire Prot/Security

$6,270

$0.56

$0

$0.00

Electric

$3,715

$0.33

$3,000

$0.27

Maintenance/Repairs

$1,500

$0.13

Real Estate Tax Recoveries

$69,520

$6.18

Parking Lot/Landscape

$8,337

$0.74

Total Expense Reimbursements

$110,096

$9.78

Lighting (Common Area)

$2,304

$0.20

EFFECTIVE GROSS REVENUE

$399,756

$35.51

Sweeping

$1,404

$0.12

Pest Control

$1,200

$0.11

Trash Hauling

$4,070

$0.36

Water/Sewer

$4,200

$0.37

$33,000

$2.93

$11,993

$1.07

$117,513

$10.44

GROSS POTENTIAL RENT Expense Reimbursements

CAM

CAM Recoveries Management Fee Recoveries Insurance Recoveries

Operating Expenses Total CAM Management Fee Total Insurance Total Real Estate Taxes Total Recoverable Expenses Net Operating Income

3.00%

$33,000

$2.93

$11,993

$1.07

$3,000

$0.27

$69,520

$6.18

$117,513

$10.44

$282,243

$25.07

Total CAM Management Fee Total Expenses

3.00%

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

5

RE NT RO L L

Tenant

P R E STO NWO O D CO U R T II

Suite

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Pie Five

100

2,200

19.54%

06/15

01/22

$62,040

$5,170

$28.20

$21,358

$9.71

$83,398

20.86%

Manolo Salons

200

1,848

16.42%

06/12

06/24

$51,744

$4,312

$28.00

$19,391

$10.49

$71,135

17.79%

Texas Direct Auto (Dark)

300

3,529

31.35%

01/17

01/22

$84,696

$7,058

$24.00

$33,153

$9.39

$117,849

29.48%

Mariner's Financial

400

1,500

13.33%

10/16

11/21

$34,500

$2,875

$23.00

$14,801

$9.87

$49,301

12.33%

Hot Worx

500

2,180

19.37%

09/18

08/23

$56,680

$4,723

$26.00

$21,393

$9.81

$78,073

19.53%

Total Count/GLA

5

11,257

100%

$289,660

$24,138

$399,756

100.00%

Occupied

5

11,257

100.0%

Available

0

0

0.0%

$25.73

11,257

100.0%

Total Avg Rent

$110,096

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

6

ESTIMATED REIMBURSEMENT REVENUE

Tenant

Suite

SQ FT

P R E STO NWO O D CO U R T II

% of SQFT

CAM

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Pie Five

100

2,200

19.54%

$599

$3.27

$49

$0.27

$1,132

$6.18

$1,780

$9.71

Manolo Salons

200

1,848

16.42%

$624

$4.05

$41

$0.27

$951

$6.18

$1,616

$10.49

Texas Direct Auto (Dark)

300

3,529

31.35%

$868

$2.95

$78

$0.27

$1,816

$6.18

$2,763

$9.39

Mariner's Financial

400

1,500

13.33%

$428

$3.42

$33

$0.27

$772

$6.18

$1,233

$9.87

Hot Worx

500

2,180

19.37%

$612

$3.37

$48

$0.27

$1,122

$6.18

$1,783

$9.81

11,257

100%

$3,131

TOTALS

$250

$5,793

$9,175

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

7

LEASE PROVISIONS Tenant

P R E STO NWO O D CO U R T II

Suite

SQ FT

Base Rental Increases

User Restrictions & Exclusive Rights

Renewal Options

Date

PSF

Options

Date

PSF

Pie Five

100

2,200

2/1/2019 2/1/2020

$29.20 $30.20

2x5

(1) 2/1/2022 2/1/2024 2/1/2026 (2) 2/1/2027

$31.00 $32.00 $33.00 FMV

-

Manolo Salons

200

1,848

4/1/2019 4/1/2021

$29.00 $30.00

-

-

-

-

Texas Direct Auto (Dark)

300

3,529

-

-

2x5

2/1/2022 2/1/2027

$26.40 $29.00

Mariner's Financial

400

1,500

11/1/2018

$24.00

2x5

12/1/2021 12/1/2026

$26.25 $28.90

Hot Worx

500

2,180

9/1/2021

$27.00

3x5

9/1/2023 9/1/2028 9/1/2033

FMV FMV FMV

TOTAL

Exclusive use to sell new & used cars Exclusive use as a sauna studio, yoga, or pilates program

11,257

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

8

TE NA NT INF ORMAT I ON

P R E STO NWO O D CO U R T II

DBA

Pie Five Pizza Co.

Entity on Lease

Nizarali Lalani

Corporate/Franchise

Franchise

Locations

100 locations in 23 states and Washington D.C.

Credit Rating

Not Rated

Public/Private

Public: RAVE (NASDAQ)

Line of Business

Pie Five Pizza is a trend-setting, fast-casual concept offering individual handcrafted pizzas with fresh ingredients made-to-order and prepared in less than five minutes.

DBA

Texas Direct Auto

Entity on Lease

Left Gate Property Holdings, LLC

Corporate/Franchise

Corporate

Locations

18 locations in Dallas and Houston

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Texas Direct Auto is one of the largest independent auto dealers with over $4 Billion sold and over 100,000 customers since 2002. They are also the largest eBay Motors Dealership in the world, selling select vehicles that are in high demand on eBay.

DBA

Manolo Salon

Entity on Lease

Reus, Inc.

Corporate/Franchise

Corporate

Locations

2 locations in Dallas

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Manolo Salon is Dallas’ premiere full-service international style & beauty salon. With two locations in the metroplex, they pamper their clientele with luxurious spa services and a full array of services including hair styling, skin care, massages and manicures.

PROPERTY DESCRIPTION

9

TE NA NT INF ORMAT I ON

P R E STO NWO O D CO U R T II

DBA

Mariner Finance

Entity on Lease

Mariner Finance, LLC

Corporate/Franchise

Corporate

Locations

450 locations in 22 states

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Mariner Finance, with its affiliates, operate over 450 branch locations in twenty two states, working as close to their customers as they can. Mariner Finance matches you with the personal loan that meets your immediate needs and helps you realize your long-term dreams. They understand that every borrower, and borrower need, is different.

DBA

HOTWORX

Entity on Lease

Hepx, LLC

Corporate/Franchise

Franchise

Locations

30+

Credit Rating

Not Rated

Public/Private

Private

Line of Business

HOTWORX is a virtually instructed exercise program created for users to experience the many benefits of infrared heat absorption, while completing a 30-minute isometric workout or 15-min High Intensity Interval Training (HIIT) session.

PROPERTY DESCRIPTION

10

A E R I AL MA P

P R E STO NWO O D CO U R T II AURA PRESTONWOOD 323 UNITS

IMT PRESTONWOOD 438 UNITS

POST ADDISON CIRCLE 1,362 UNITS

RD

VPD ESTANCIA TOWNHOMES 207 UNITS

304,120

VPD

DALLA

S PAR

KWAY

00 23,0

ARAPAHO

BELT LINE ROAD

43,400 VPD

PROPERTY DESCRIPTION

11

L E A SE COMPA RABLES

Property Prestonwood Court II  15250 N Dallas Pkwy Addison, TX 75248

P R E STO NWO O D CO U R T II

GLA 11,257

Yr Built/ Renovated Occupancy 2011

100%

Major Tenants Pie Five, Manolo Salons, Texas Direct Auto, Hot Worx, Mariner's Financial Hopdoddy Burger Bar, Yard House, Plucker's Wing Bar, Social House, Gloria's Latin Cuisine

Available SF

Rental Rates

NNN

0

$23.00 - $28.00

$10.39

0

Inline $28.00-$45.00

$14.00

Village on the Parkway 1 5100 Belt Line Rd Addison, TX 75254

357,318

2007

90.0%

Prestonwood Place 2 5290 Belt Line Rd Addison, TX 75254

133,353

1981

100.0%

Chipolte, Ifratelli Pizza, Addison Café, The Great Outdoors, La Madeleine, Orange Theory Fitness

0

$14.00 - $35.00

$8.50

Addison Walk 3 5000 Belt Line Rd Addison, TX 75254

78,395

1980

96.7%

Buffalo Wild Wings, Starbucks, Freebirds, Cinco Tacos, Kobe Steaks

2,612

$17.00 - $35.00

$11.50

15,368

Inline $28.00 - $32.00

$12.00

Prestonwood Town Center 4 5301 Belt Line Rd Addison, TX 75254

233,377

1985

93.4%

Walmart, ULTA, Barnes & Noble, Best Buy, Office Depot, Michaels, Great Clips, GNC, Massage Envy, The Joint Chiropractic, Sport Clips

Prestonwood Village I 5 5403 Arapaho Rd Dallas, TX 75248

16,730

1979

100.0%

7-Eleven, Comet Cleaners, Busy Body, Pizza Palace, Great Earth Vitamins

0

$20.00 - $30.00

$7.59

Prestonwood Village II 6 15203 Knoll Trail Dr Dallas, TX 75248

38,680

1996

100.0%

The Egg & I, Prestige Credit Union, The Glass House, Domino's

0

$12.00 - $20.00

$8.00

PROPERTY DESCRIPTION

12

L E A SE COMPA RABLES

P R E STO NWO O D CO U R T II

Prestonwood Court II

1

Village on the Parkway

2

Prestonwood Place

3

Addison Walk

4

Prestonwood Town Center

5

Prestonwood Village I

6

Prestonwood Village II

6

Prestonwood Court II

3

5

4

1

2

PROPERTY DESCRIPTION

13

REG IONA L MA P

P R E STO NWO O D CO U R T II

Prestonwood Court II

PROPERTY DESCRIPTION

14

LO C AL MA P

P R E STO NWO O D CO U R T II

Prestonwood Court II

PROPERTY DESCRIPTION

15

M A R KET S U MMARY

P R E STO NWO O D CO U R T II

Dallas - Fort Worth, TX

OVERVIEW Dallas encompasses half of the Dallas/Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States.

Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas/Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States.

The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 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 22.

Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations.

Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.

Q U I C K S TAT S

2 3rd 4th 22

nd

Texas, Fastest Growing Economy in the U.S. (24/7 Wall St.) Fastest Growing Cities in the U.S. (Forbes) Largest Metropolitan Area in the United States Fortune 500 Companies Call DFW Home (Fortune)

10K

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

PROPERTY DESCRIPTION

16

D E M OG RA PHIC STAT I ST I CS

P R E STO NWO O D CO U R T II

1 MILE

3 MILE

5 MILE

20,442 19,237 41,705 16,795 6.26% 14.54% 4,309

150,580 139,629 164,701 120,759 7.84% 15.63% 34,387

459,926 418,877 318,803 342,423 9.80% 22.33% 121,382

13,102 3,687 141 1,784 28 495 35

104,117 19,401 1,097 11,789 128 3,097 99

312,098 55,987 3,655 37,216 390 9,531 221

11,513 10,871 9,715 5.91% 11.90% 1,684 9,187 $81,621 $60,238

69,230 64,657 58,558 7.07% 10.42% 23,994 40,663 $98,871 $67,235

190,986 174,666 148,250 9.34% 17.82% 74,040 100,626 $92,808 $62,791

1,552 2,869 2,257 1,644 1,066 239 482 763

9,155 14,779 11,918 7,798 5,717 3,134 4,164 7,991

28,563 41,631 32,326 19,697 14,025 8,549 11,164 18,711

Population: 2023 Projection 2018 Estimate Daytime Population 2010 Census Growth 2018-2023 Growth 2010-2018 2018 Population Hispanic Origin

2018 Population by Race: White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other U.S. Armed Forces:

Households: 2023 Projection 2018 Estimate 2010 Census Growth 2018 - 2023 Growth 2010 - 2018 Owner Occupied Renter Occupied 2018 Avg Household Income (National Avg - $75,558) 2018 Med Household Income (National Med - $53,889)

2018 Households by Household Inc: <$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+ Demographic data © CoStar 2018

PROPERTY DESCRIPTION

17

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