Sam Moon Center - Fort Worth, TX

SAM MOON CENTER FORT WORTH, TX

SOLA SALONS

Thai & Fusion

UPSCALE

Noodles @ BTH

Ha Na Bi

Hollywood Nails Metroplex Vapor

151,805 VPD

SOLA SALONS Thai & Fusion

UPSCALE

Noodles @ BTH Ha Na Bi Hollywood Nails Metroplex Vapor

PRICING & FINANCIAL ANALYSIS

SAM M O O N C E NT E R

Sam Moon Center 9120-9180 North Freeway Fort Worth, TX 76177

OFFERING SUMMARY Price Cap Rate Net Operating Income Price PSF Occupancy Year Built Gross Leasable Area Lot Size Assumable Loan (as of 1/06/19) Interest Rate Equity to Loan

$33,550,000 7.50% $2,515,211 $199.80 90.2% 2008 167,919 SF 16.56 Acres $23,693,564 4.50% $9,856,436

Cash-on-Cash Return

10.31%

10 Year Leveraged IRR

21.44%

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

3

PRICING & FINANCIAL ANALYSIS

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space GROSS POTENTIAL RENT

SAM M O O N C E NT E R

CURRENT

PSF

CURRENT

PSF

$2,696,152

$16.06

Real Estate Taxes

$983,017

$5.85

$2,696,152

$16.06

Insurance

$39,086

$0.23

$85,771

$0.51

$106,003

$0.63

Expense Reimbursements CAM Recoveries

EXPENSES

CAM $254,551

$1.52

Management Fee Recoveries

$76,642

$0.46

UTL - Water

Insurance Recoveries

$34,022

$0.20

UTL - Electricity

$18,032

$0.11

Real Estate Tax Recoveries

$855,666

$5.10

UTL - Waste

$31,380

$0.19

Total Expense Reimbursements

$1,220,881

$7.27

Security

$7,508

$0.04

EFFECTIVE GROSS REVENUE

$3,919,433

$23.34

$43,425

$0.26

Total CAM

$292,119

$1.74

Management Fee

$90,000

$0.54

$1,404,222

$8.36

Operating Expenses Total CAM

$292,119

$1.74

Management Fee

$90,000

$0.54

Total Insurance

$39,086

$0.23

$983,017

$5.85

$1,404,222

$8.36

$2,515,211

$14.98

Total Real Estate Taxes Total Recoverable Expenses Net Operating Income Capitalization Rate Capital Reserves at $0.15 PSF Cash Flow before Debt Service Assumable Loan Cash Flow after Debt Service Cash-on-Cash Return

Landscape Maint

R&M

Total Expenses

7.50% $25,188 $2,490,023 $1,498,775 $991,248 10.31%

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

4

LOAN DETAILS

SAM M O O N C E NT E R

EXISTING ASSUMABLE LOAN Purchase Price

$33,550,000

Original Loan Amount (10/1/2016)

$24,650,000

Original Equity to the Note Interest Rate Amortization Schedule Loan Constant Call Residual Percentage Current NOI

$8,900,000 4.50% 30 Years 6.08% 10 Years 80.09% $2,515,211

Annual Debt Service

$1,498,775

Clear Cash after DS

$1,016,436

Debt Service Coverage Ratio

1.68

Cap Rate

7.50%

Cash on Cash Return

10.31%

Estimated Loan Balance on 1/6/2019 Loan to Purchase Price 1/6/2019 Assumable Loan Start Date

$23,693,564 70.62% 10/6/2016

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

5

RE NT RO L L

Tenant

SAM M O O N C E NT E R

Suite

SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Fuzzy's Taco

9180-500

3,169

1.89%

12/12

02/23

$83,662

$6,972

$26.40

$25,078

$7.91

$108,739

2.78%

Noodles @BTH

9180-508

2,647

1.58%

02/13

08/23

$63,528

$5,294

$24.00

$22,136

$8.36

$85,664

2.19%

Hand & Stone

9180-512

3,002

1.79%

07/13

10/23

$75,951

$6,329

$25.30

$25,104

$8.36

$101,055

2.58%

Eyes! On Alliance

9180-516

2,147

1.28%

07/14

07/24

$45,087

$3,757

$21.00

$17,954

$8.36

$63,041

1.61%

The Leather Sofa Co.

9180-520

4,121

2.45%

02/14

02/19

$80,360

$6,697

$19.50

$34,462

$8.36

$114,821

2.93%

Firehouse Subs

9180-524

2,000

1.19%

12/12

03/23

$48,000

$4,000

$24.00

$16,725

$8.36

$64,725

1.65%

Five Guys

9180-528

2,500

1.49%

12/11

12/21

$77,000

$6,417

$30.80

$20,906

$8.36

$97,906

2.50%

Available

9180-532

2,800

1.67%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Thai & Fusion Ave

9160-400

1,500

0.89%

01/13

01/23

$36,300

$3,025

$24.20

$12,544

$8.36

$48,844

1.25%

Available

9160-432

9,576

5.70%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Adventure Kids Playcare

9160-410

4,500

2.68%

09/17

09/22

$103,500

$8,625

$23.00

$37,631

$8.36

$141,131

3.60%

Available

9160-452

4,092

2.44%

-

-

$0

$0

$0.00

$0

$0.00

$0

0.00%

Sola Salon Studios

9140-300

8,249

4.91%

03/14

03/24

$156,731

$13,061

$19.00

$68,982

$8.36

$225,713

5.76%

Sunstone Yoga

9140-316

4,320

2.57%

05/16

04/26

$90,720

$7,560

$21.00

$36,126

$8.36

$126,846

3.24%

Upscale For Less

9140-324

5,286

3.15%

01/16

12/18

$96,000

$8,000

$18.16

$0

$0.00

$96,000

2.45%

Levitz Mattress

9100-100

4,034

2.40%

01/18

01/23

$121,020

$10,085

$30.00

$33,734

$8.36

$154,754

3.95%

Slim 4 Life

9100-104

1,756

1.05%

08/14

08/19

$35,120

$2,927

$20.00

$14,685

$8.36

$49,805

1.27%

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

6

RE NT RO L L - CON T I N UED Tenant

Suite

SAM M O O N C E NT E R SQ FT

% of SQFT

Lease Dates

Minimum Rent

Recoveries

Total

Start

End

Annual

Monthly

PSF

Annual

PSF

Revenue

% of Revenue

Metroplex Vapors

9100-108

2,464

1.47%

06/15

10/20

$64,064

$5,339

$26.00

$20,605

$8.36

$84,669

2.16%

Hollywood Nails

9100-112

2,896

1.72%

07/10

12/20

$53,576

$4,465

$18.50

$24,218

$8.36

$77,794

1.99%

Hanabi

9100-120

5,000

2.98%

09/09

11/19

$95,000

$7,917

$19.00

$41,812

$8.36

$136,813

3.49%

Ashley Furniture

9100-140

38,491

22.92%

12/12

02/23

$548,497

$45,708

$14.25

$321,881

$8.36

$870,378

22.22%

Texas Family Fitness

9120-200

21,000

12.51%

05/17

11/27

$294,000

$24,500

$14.00

$175,612

$8.36

$469,612

11.99%

Sam Moon Trading

9120-212

19,503

11.61%

03/09

10/31

$370,557

$30,880

$19.00

$163,094

$8.36

$533,651

13.62%

Clothes Mentor

9120-224

6,433

3.83%

05/13

05/23

$78,740

$6,562

$12.24

$53,796

$8.36

$132,536

3.38%

Plato's Closet

9120-230

6,433

3.83%

08/13

08/23

$78,740

$6,562

$12.24

$53,796

$8.36

$132,536

3.38%

Total Count/GLA

25

167,919

100%

$2,696,152

$224,679

$3,917,033

100.00%

Occupied

22

151,451

90.2%

Available

3

16,468

9.8%

$17.80

151,451

100.0%

Total Avg Rent

$1,220,881

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

7

ESTIMATED REIMBURSEMENT REVENUE

Tenant

Suite

SQ FT

SAM M O O N C E NT E R

% of SQFT

CAM

Management Fee

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Fuzzy's Taco

9180-500

3,169

1.89%

$482

$1.83

$0

$0.00

$61

$0.23

$1,546

$5.85

$2,090

$7.91

Noodles @BTH

9180-508

2,647

1.58%

$384

$1.74

$118

$0.54

$51

$0.23

$1,291

$5.85

$1,845

$8.36

Hand & Stone

9180-512

3,002

1.79%

$435

$1.74

$134

$0.54

$58

$0.23

$1,465

$5.85

$2,092

$8.36

Eyes! On Alliance

9180-516

2,147

1.28%

$311

$1.74

$96

$0.54

$42

$0.23

$1,047

$5.85

$1,496

$8.36

The Leather Sofa Co.

9180-520

4,121

2.45%

$597

$1.74

$184

$0.54

$80

$0.23

$2,010

$5.85

$2,872

$8.36

Firehouse Subs

9180-524

2,000

1.19%

$290

$1.74

$89

$0.54

$39

$0.23

$976

$5.85

$1,394

$8.36

Five Guys

9180-528

2,500

1.49%

$362

$1.74

$112

$0.54

$48

$0.23

$1,220

$5.85

$1,742

$8.36

Available

9180-532

2,800

1.67%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Thai & Fusion Ave

9160-400

1,500

0.89%

$217

$1.74

$67

$0.54

$29

$0.23

$732

$5.85

$1,045

$8.36

Available

9160-432

9,576

5.70%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Adventure Kids Playcare

9160-410

4,500

2.68%

$652

$1.74

$201

$0.54

$87

$0.23

$2,195

$5.85

$3,136

$8.36

Available

9160-452

4,092

2.44%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Sola Salon Studios

9140-300

8,249

4.91%

$1,196

$1.74

$368

$0.54

$160

$0.23

$4,024

$5.85

$5,749

$8.36

Sunstone Yoga

9140-316

4,320

2.57%

$626

$1.74

$193

$0.54

$84

$0.23

$2,107

$5.85

$3,010

$8.36

Upscale For Less

9140-324

5,286

3.15%

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

$0

$0.00

Levitz Mattress

9100-100

4,034

2.40%

$585

$1.74

$180

$0.54

$78

$0.23

$1,968

$5.85

$2,811

$8.36

Slim 4 Life

9100-104

1,756

1.05%

$255

$1.74

$78

$0.54

$34

$0.23

$857

$5.85

$1,224

$8.36

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

8

ESTIMATED REIMBURSEMENT REVENUE - CONTINUED

Tenant

Suite

SQ FT

% of SQFT

CAM

SAM M O O N C E NT E R

Management Fee

Insurance

Real Estate Taxes

Total Recovery

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Monthly

PSF

Metroplex Vapors

9100-108

2,464

1.47%

$357

$1.74

$110

$0.54

$48

$0.23

$1,202

$5.85

$1,717

$8.36

Hollywood Nails

9100-112

2,896

1.72%

$420

$1.74

$129

$0.54

$56

$0.23

$1,413

$5.85

$2,018

$8.36

Hanabi

9100-120

5,000

2.98%

$725

$1.74

$223

$0.54

$97

$0.23

$2,439

$5.85

$3,484

$8.36

Ashley Furniture

9100-140

38,491

22.92%

$5,580

$1.74

$1,719

$0.54

$747

$0.23

$18,778

$5.85

$26,823

$8.36

Texas Family Fitness

9120-200

21,000

12.51%

$3,044

$1.74

$938

$0.54

$407

$0.23

$10,245

$5.85

$14,634

$8.36

Sam Moon Trading

9120-212

19,503

11.61%

$2,827

$1.74

$871

$0.54

$378

$0.23

$9,514

$5.85

$13,591

$8.36

Clothes Mentor

9120-224

6,433

3.83%

$933

$1.74

$287

$0.54

$125

$0.23

$3,138

$5.85

$4,483

$8.36

Plato's Closet

9120-230

6,433

3.83%

$933

$1.74

$287

$0.54

$125

$0.23

$3,138

$5.85

$4,483

$8.36

167,919

100%

$21,213

TOTALS

$6,387

$2,835

$71,306

$101,740

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

9

LEASE PROVISIONS Tenant

SAM M O O N C E NT E R

Suite

SQ FT

Base Rental Increases

User Restrictions & Exclusive Rights

Renewal Options

Date

PSF

Options

Date

PSF

Fuzzy's Taco

9180-500

3,169

-

-

2x5

3/1/2023 3/1/2028

FMV FMV

Exclusive Use as a Quick Serve Dining Mexican Restaurant

Noodles @BTH

9180-508

2,647

-

-

2x5

9/1/2018 9/1/2023

$24.00 FMV

Exclusive Right to sell Vietnamese Food & Boba Tea

Hand & Stone

9180-512

3,002

-

-

2x5

11/1/2018 11/1/2023

$25.30 FMV

Exclusive use for massage & facials treatments, etc unless new tenant is >5,000 SF and massage and facials are less that 50% of business

Eyes! On Alliance

9180-516

2,147

8/1/2019

$23.10

2x5

8/1/2024 8/1/2029

FMV FMV

The Leather Sofa Co.

9180-520

4,121

-

-

2x5

3/1/2019 3/1/2024

$21.00 FMV

Firehouse Subs

9180-524

2,000

8/1/2018 4/1/2021

$24.00 $26.40

1x5

3/5/2023

FMV

Five Guys

9180-528

2,500

-

-

2x5

1/1/2022 1/1/2027

$33.88 $37.27

Available

9180-532

2,800

-

-

-

-

-

-

Thai & Fusion Ave

9160-400

1,500

-

-

2x5

2/1/2018 2/1/2023

$24.20 FMV

-

Available

9160-432

9,576

-

-

-

-

-

-

Adventure Kids Playcare

9160-410

4,500

-

-

1x5

10/1/2022

$25.30

-

Available

9160-452

4,092

-

-

-

-

-

-

Sola Salon Studios

9140-300

8,249

4/1/2019

$19.00

2x5

4/1/2024 4/1/2029

$21.50 FMV

Exclusive use for optometry services

-

Exclusive use as a sandwich shop

LL will not lease to another tenant whose sale of hamburgers/cheeseburgers exceeds 15% of their business

Exclusive right to operate a salon within the Shopping Center

F I N A N C I A L A N A LY S I S 10

L E A SE PROVIS ION S - CON T I N UED

Tenant

Suite

SQ FT

SAM M O O N C E NT E R Base Rental Increases

User Restrictions & Exclusive Rights

Renewal Options

Date

PSF

Options

Date

PSF

Sunstone Yoga

9140-316

4,320

4/1/2022

$23.10

2x5

5/1/2026 5/1/2031

FMV FMV

Exclusive use as a Yoga Studio

Upscale For Less

9140-324

5,286

-

-

1x3

1/1/2019

FMV

-

Levitz Mattress

9100-100

4,034

-

-

2x5

2/1/2023 2/1/2028

$33.00 $36.30

-

Slim 4 Life

9100-104

1,756

-

-

2x5

9/1/2019 9/1/2024

FMV FMV

Exclusive use as a weight loss clinic

Metroplex Vapors

9100-108

2,464

-

-

1x5

11/1/2020

FMV

-

Hollywood Nails

9100-112

2,896

-

-

1 x 10

1/1/2021

FMV

-

Hanabi

9100-120

5,000

-

-

2x5

12/1/2019 12/1/2024

$20.90 $22.99

-

Ashley Furniture

9100-140

38,491

-

-

2x5

3/1/2023 3/1/2028

$16.00 $17.00

-

Texas Family Fitness

9120-200

21,000

12/1/2022

$15.40

2x5

12/1/2027 12/1/2032

$16.94 $18.63

-

Sam Moon Trading

9120-212

19,503

-

-

1 x 20

11/1/2031

FMV

-

Clothes Mentor

9120-224

6,433

-

-

3x5

6/1/2018 6/1/2023 6/1/2028

$12.24 $13.46 $14.81 (2% Per Annum)

Exclusive Right to sell women's clothing and accessories

Plato's Closet

9120-230

6,433

-

-

3x5

9/1/2018 9/1/2023 9/1/2028

$12.24 $13.46 $14.81 (2% Per Annum)

Exclusive right to operate a second hand teen resale businsess

TOTAL

167,919

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

11

TE NA NT INF ORMAT I ON

SAM M O O N C E NT E R

DBA

Sam Moon Trading Company

Entity on Lease

Sam Moon Trading Enterprises, LTD

Corporate/Franchise

Corporate

Locations

9

Credit Rating

Not Rated

Public/Private

Private

Line of Business

SM Trading was founded in 1984, by David and In Sun Moon, as a regional wholesaler of general merchandise. Over the years, it quickly transformed into Dallas’ destination for wholesale women’s accessories and handbags. The company boomed when SM Trading opened its doors to the public in 1994 while maintaining their wholesale pricing, which gave the company its competitive edge.

DBA

Ashley Furniture HomeStore

Entity on Lease

RBLS, Inc.

Corporate/Franchise

TBD

Locations

750+

Credit Rating

Not Rated

Public/Private

Private

Line of Business

For more than 70 years, Ashley HomeStore set out to prove furniture can be made a better way. They design and craft timeless styles that are comfortable and livable. For their guests, living the American dream is as affordable as it is priceless.

DBA

Five Guys Burgers and Fries

Entity on Lease

Monument Restaurants III #31 (SMC), LLC

Corporate/Franchise

Franchise

Locations

1,500+ Worldwide

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Five Guys Burgers and Fries is an American fast casual restaurant chain focused on hamburgers, hot dogs, and French fries. The restaurant only uses fresh ground beef, freshcut fries and peanut oil. They pride themselves on never using frozen meat and all locations have contain freezers, only coolers.

PROPERTY DESCRIPTION

12

TE NA NT INF ORMAT I ON

SAM M O O N C E NT E R

DBA

Firehouse Subs

Entity on Lease

Cowtown Sandwich Works, LLC

Corporate/Franchise

Franchise

Locations

1,105

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Firehouse Subs (Firehouse of America, LLC) is a U.S.-based, fast casual restaurant chain founded in 1994 in Jacksonville, Florida by former firefighter brothers. Firehouse Subs has opened over 1,105 franchise restaurants in 44 states as well as, Puerto Rico, Canada, and Mexico.

DBA

Fuzzy’s Taco Shop

Entity on Lease

Tacuno II, LLC

Corporate/Franchise

Franchise

Locations

100+

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Fuzzy’s Taco Shop serve Baja-style Mexican food, including tacos, burritos, nachos, quesadillas, grilled sandwiches, salads and breakfast dishes.

DBA

Plato’s Closet

Entity on Lease

Watauga Keller, LLC

Corporate/Franchise

Franchise

Locations

280+

Credit Rating

Not Rated

Public/Private

Private

Line of Business

Plato’s Closet purchases and sells used brand name children’s and teenagers’ brand name clothes, shoes, and paraphernalia. It focuses on clothes for people ages 12 to 24. Winmark purchased Plato’s Closet from Dennis and Lynn Blum, the founders of Once Upon a Child, in 1998. The store’s name was inspired by a Blum son’s schoolwork about Plato who had been an early advocate of recycling, which paralleled the aim to recycle used clothes.

PROPERTY DESCRIPTION

13

I N VE S TMENT HI GHLI GHT S

•

Below Market Assumable Debt: The current assumable loan on the property provides an investor with strong leverage and a below market rate of 4.5% which is not achievable in today’s interest rate environment. The estimated loan balance as of January 2019 is $23,693,564 and the call date is October 2026.

The estimated cash-on-cash return is 10.31%

•

Long Term Tenancy: The Sam Moon Center tenant base has demonstrated outstanding longevity as 56% of the current tenant lineup has been at the Property for more than 5 years.

•

National Tenancy: The Property’s tenant line-up is comprised of a strong mix of nationally and regionally recognized retailers representing over 79% of the current revenue including Sam Moon Trading Company, Ashley Furniture, Fuzzy’s Tacos, Firehouse Subs, Five Guys, and Plato’s Closet, to name a few.

•

Access & Traffic Counts: Positioned along Interstate 35W, the Property has ample access off the highway. Furthermore, the Property benefits from more than 151,805 vehicles daily on Interstate 35W.

•

High Growth & Population Densities: There are 79,356 residents within a three mile radius of the Property increasing to 198,135 residents within five miles. Over the last eight years, this area of Fort Worth has seen a 42.04% growth within one mile of the Property and is expected to see an additional 10.97% growth over the next five years.

•

High Demographic Area: The Average Household Income within a three mile radius of the Property is $102,393, which is well above the National Average Household Income of $75,558.

•

Alliance Town Center: The Property has an ideal position within Alliance Town Center - a master-planned, 900-acre community with 41 retail stores, 39 dining options, 6 residential communities, Class A office space, and 28 acres of parks and trails.

SAM M O O N C E NT E R

PROPERTY DESCRIPTION

14

S I T E PL A N

3,002

Eyes! On Alliance

9180-516

2,147

The Leather Sofa Co.

9180-520

4,121

Firehouse Subs

9180-524

2,000

Five Guys

9180-528

2,500

Available

9180-532

2,800

Thai & Fusion Ave

9160-400

1,500

Available

9160-432

9,576

9160-410

4,500

9160-452

4,092

Sola Sofa Studios

9140-300

8,249

Sunstone Yoga

9140-316

4,320

Upscale For Less

9140-324

Levitz Mattress Slim 4 Life Metroplex Vapors Hollywood Nails Hanabi Ashley Furniture

N Fwy Service Rd E

Adventure Kids Playcare Available

9100-100

5,286 4,034

9100-104

1,756

9100-108

2,464

9100-112

2,896

9100-120

5,000

9100-140

38,491

9120-200

21,000

9120-212

19,503

Clothes Mentor

9120-224

6,433

Plato's Closet

9120-230

6,433

Texas Family Fitness Sam Moon Trading

Upscale for Less

9180-512

Thai Express

Hand & Stone

Available

2,647

Available

9180-508

Boba Noodle & Tea House

3,169

Noodles @BTH

Eyes on Alliance

SQFT

9180-500

Hollywood Nails

Suite

Fuzzy's Taco

Available

Tenant

SAM M O O N C E NT E R

PROPERTY DESCRIPTION

15

A E R I AL MA P

SAM M O O N C E NT E R

ALLIANCE TOWN CENTER THE CITADEL 600,000 SF PROPOSED DEVELOPMENT

SAM MOON CENTER

PRESIDIO TOWNE CROSSING

151,805 VPD PROPERTY DESCRIPTION

16

A E R I AL MA P

SAM M O O N C E NT E R

Alliance Town Center

SAM MOON CENTER

PRESIDIO JUNCTION

PRESIDIO TOWNE CROSSING

PROPERTY DESCRIPTION

17

A E R I AL MA P

SAM M O O N C E NT E R Alliance Town Center

SAM MOON CENTER

151,805 V

PD

PRESIDIO JUNCTION

PROPERTY DESCRIPTION

18

L E A SE COMPA RABLES

Property Sam Moon Center ï‚« 9120 North Freeway Fort Worth, TX

Presidio Towne Crossing 1 6651 Hightower Dr.

2

Presidio Junction 8917 North Freeway

3

Alliance Town Center 9550 Sage Meadow Trail

Heritage Trace Plaza 4 3505 Heritage Trace Pkwy

SAM M O O N C E NT E R

GLA 167,917

Yr Built/ Renovated Occupancy 2009

Major Tenants

Available SF

Rental Rates

NNN

16,468

(Anchor) $12.00 - $19.00 (Inline) $19.00 - $31.00

$8.36

$10.00

90.2%

Ashley Furniture, Texas Family Fitness, Fuzzy's Taco, Hand & Stone, Firehouse Subs, Five Guys

19,260

(Anchor) $8.00 - $15.00 (Inline) $25.00 - $40.00

900,000

2015

97.9%

Target, Guitar Center, Old Navy, Dollar Tree, Petco, WingStop, Sherwin Williams, Domino's

337,802

2015

100.0%

Costco, WinCo Foods, AT&T, Potbelly, Presidio Center Dental, Liberty Burger, La Madeleine

0

(Inline) $33.00 - $38.00

$9.04

1,148,479

2013

99.7%

Kroger Marketplace, Cinemark, Belk, Verizon, Jason's Deli, Mi Cocina, Mattress Firm, Which Wich, H&R Block

3,810

(Inline) $28.00 - $45.00

$9.50

78.3%

Mooyah, Subway, Mama's Pizza, Quest Diagnostics, FedEx Office, EQ Dental, McAlister's Deli, Texas Health Resources

15,947

$22.00-$35.00

$8.00

73,431

2007

PROPERTY DESCRIPTION

19

L E A SE COMPA RABLES

SAM M O O N C E NT E R

Sam Moon Center 1

Presidio Towne Center

2

Presido Junction

3

Alliance Town Center

4

Heritage Trace Plaza

4 3 3

3

1

2

P R O P E R T Y D E S C R I P T I O N 20

LO C AL MA P

SAM M O O N C E NT E R

Sam Moon Center

PROPERTY DESCRIPTION

21

REG IONA L MA P

SAM M O O N C E NT E R

Sam Moon Center

P R O P E R T Y D E S C R I P T I O N 22

M A R KET S U MMARY

SAM M O O N C E NT E R

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.

P R O P E R T Y D E S C R I P T I O N 23

D E M OG RA PHIC STAT I ST I CS

SAM M O O N C E NT E R

1 MILE

3 MILE

5 MILE

11,027 9,937 6,996 10.97% 42.04% 2,141

109,753 100,270 79,356 9.46% 26.35% 21,440

258,355 237,625 198,135 8.72% 19.93% 50,552

7,800 895 59 833 38 311 23

77,301 10,227 764 8,562 260 3,158 203

190,182 20,910 1,927 17,278 501 6,827 322

3,761 3,380 2,310 11.27% 46.32% 2,515 865 $97,226 $73,781

35,752 32,701 25,981 9.33% 25.87% 25,690 7,012 $102,393 $87,877

86,643 79,797 66,819 8.58% 19.42% 60,816 18,981 $97,929 $83,976

409 523 780 503 319 239 337 270

2,092 4,326 6,674 6,326 4,934 3,053 3,202 2,094

5,997 12,189 16,467 14,607 12,094 6,946 6,868 4,627

Population: 2023 Projection 2018 Estimate 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 Avg - $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 2017

P R O P E R T Y D E S C R I P T I O N 24

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