West Marine - Denison, TX

WEST MARINE SITE DENISON, TX

PRICING & FINANCIAL ANALYSIS

WEST MARINE

FINANCIAL ANALYSIS

West Marine Site 3612 W FM 120 Denison, TX 75020

Offering Summary Price Year Built Lot Size

2002

PROPERTY DESCRIPTION

Gross Leasable Area

Call for Price 5,894 SF 0.68 Acres

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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INVESTMENT HIGHLIGHTS

WEST MARINE

FINANCIAL ANALYSIS

• Re- Development Opportunity

• Perfect Footprint for Wide-Array of Tenants Seeking Presence in Grayson County

PROPERTY DESCRIPTION

• Located on FM 120 - the Busiest Retail Corridor in Denison with 14,400 Vehicles Per Day, Second to Interstate 75, with 34,000 Vehicles Per Day

• Situated Near a Walmart Supercenter

• Other Nearby Surrounding Retailers Include AT&T, McDonald’s, IHOP, Taco Bell, Arby’s, Burger King, CVS, Subway, and Many Others MARKET OVERVIEW

• In Close Proximity to Lake Texoma, Which Attracts Over 7 Million Visitors a Year

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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SITE PLAN

WEST MARINE

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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AERIAL MAP

WEST MARINE

FINANCIAL ANALYSIS

34,000

PROPERTY DESCRIPTION

14,400 FM 120/Morton St

MARKET OVERVIEW

B McDaniel High School

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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AERIAL MAP

WEST MARINE

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

120 FM

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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LOCAL MAP

WEST MARINE

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

WEST MARINE

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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MARKET SUMMARY

WEST MARINE

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

DENISON, TX

Grayson County is the 29th largest of 254 counties in Texas with a 2010 population of just over 120,000.

Sherman is the county seat of Grayson County, while Denison, located adjacent, is the next largest city. Grayson County consists of 940 square miles with a population density of approximately 106 residents per square mile.

The Sherman–Denison Metropolitan Statistical Area, as defined by the United States Census Bureau, is an area consisting of one county – Grayson – in North Texas, anchored by the cities of Sherman and Denison.

Residents enjoy a high quality of life with gently rolling and wooded terrain, which stretches northward to the shores of Lake Texoma and the Red River. Lake Texoma is formed by the Denison Dam on the Red River in Bryan County, Oklahoma, and Grayson County, Texas, about 726 miles (1,168 km) upstream from the mouth of the river.

Lake Texoma draws over 7 million visitors annually and is considered a lake for all seasons. It attracts boaters, wake boarders, water skiers, golfers, campers, hunters, hikers, bikers, birdwatchers, and anglers. Lake Texoma is also home to the Lakefest Regatta, widely considered to be the first inland charity regatta in the United States.

The event typically attracts up to 100 keelboats and more than 500 sailors each spring. Denison also has 2 state parks, 2 wildlife refuges, 22 marinas / concessions, and 10 Corps of Engineers Class A parks.

MARKET OVERVIEW

Denison, Texas, is located in northeastern Grayson County on U.S. Highway 75, just 75 miles north of Dallas-Fort Worth and 4 miles south of the Texas/Oklahoma state border. State Highway 120 passes through Denison from east to west and State Highway 84 borders northern Denison, providing direct access to Lake Texoma, which is the 12th largest man-made lake in the U.S. and offers 580 miles of shoreline. As of the 2010 census, Denison’s population was 22,682. Denison is also the birthplace Dwight D. Eisenhower, the 34th President of the United States.

Major employers of the Grayson County area include the Texoma Medical center, which employs 2800 employees, Tyson Fresh Meats, Texas Instruments, Ruiz Foods and CIGNA Health.

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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DEMOGRAPHIC SUMMARY

WEST MARINE

Geography: 5 Miles

FINANCIAL ANALYSIS

Population In the identified area, the 2016 population was 28,755. The rate of change since 2000 was 4.64%. The five-year projection for the population in the area was 29,218 representing a change of 0.32% from 2016 to 2021. The 2016 population was 48.0% male and 52.0% female. The median age in this area was 47.5, compared to U.S. median age of 38.0.

Households In 2016 there were 11,404 households in your selected geography. The number of households has changed by 3.86% since 2000. It is estimated that the number of households in your area will be 11,569 five years from 2016, which represents a change of 0.29% from 2016. The average household size in your area for 2016 was 2.48 persons.

Income PROPERTY DESCRIPTION

In 2016, the median household income for your selected geography was $40,777, compare this to the Entire US average which was currently $54,149. It is estimated that the median household income in your area will be $39,793 five years from 2016, which represents a change of -2.41% from 2016.

The 2016 per capita income in your area was $23,286, compared to the Entire US average, which was $29,472. The 2016 average household income in your area was $56,883, compared to the Entire US average which was $77,008.

Race and Ethnicity The 2016 racial makeup of your selected area was as follows: 82.0% White, 8.2% Black, 2.3% Native American and 1.0% Asian/Pacific Islander.

Compare these to Entire US averages which were: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin made up 9.6% of the 2016 population in your selected area. Compare this to the Entire US average of 17.9%.

MARKET OVERVIEW

Housing In 2016, there were 7,465 owner occupied housing units in your area and there were 3,939 renter occupied housing units in your area. Median home value in the area was $98,162, compared to a median home value of $198,891 for the U.S.

Employment In 2016, there were 12,249 employees in your selected area; this is also known as the daytime population. In 2016, 56.0% of employees were employed in white-collar occupations in this geography, and 23.8% were employed in blue-collar occupations. In 2016, unemployment in this area was 5.4% Demographic data Š 2016 esri 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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DEMOGRAPHIC STATISTICS

1-Mile

3-Miles

5-Miles

2000 Population

2,061

16,734

27,478

2010 Population

2,117

17,069

2016 Population

2,111

2021 Population

2,124

Households

Income

1-Mile

3-Miles

5-Miles

$ 0 - $14,999

11.7%

16.3%

17.2%

28,400

$ 15,000 - $24,999

9.6%

13.6%

13.9%

17,204

28,755

$ 25,000 - $34,999

9.7%

12.2%

12.1%

17,405

29,218

$ 35,000 - $49,999

17.2%

14.4%

14.6%

$ 50,000 - $74,999

23.7%

18.2%

17.6%

$ 75,000 - $99,999

11.2%

12.1%

11.5%

$100,000 - $149,999

10.2%

8.9%

8.6%

3-Miles

5-Miles

$150,000 - $199,999

2.7%

2.0%

2.1%

2000 Households

805

6,858

10,980

$200,000+

4.1%

2.5%

2.3%

2010 Households

826

6,951

11,290

2016 Median Household Income

$51,244

$42,167

$40,777

2016 Households

822

6,987

11,404

2016 Per Capita Income

$28,379

$24,027

$23,286

2021 Households

826

7,060

11,569

2016 Average Household Income

$68,157

$58,142

$56,883

2,928

16,918

30,818

2.56

2.42

2.48

2010 Owner Occupied Housing Units

67.7%

60.5%

60.0%

2010 Renter Occupied Housing Units

23.2%

28.5%

28.1%

2010 Vacant

9.0%

11.0%

11.9%

2016 Owner Occupied Housing Units

65.1%

57.5%

57.2%

2016 Renter Occupied Housing Units

24.8%

30.6%

30.2%

2016 Vacant

10.1%

11.9%

12.6%

2021 Owner Occupied Housing Units

64.3%

56.8%

56.5%

2021 Renter Occupied Housing Units

25.3%

31.0%

30.7%

2021 Vacant

10.4%

12.2%

12.8%

2016 Daytime Population 2016 Average Household Size

PROPERTY DESCRIPTION

1-Mile

FINANCIAL ANALYSIS

Population

WEST MARINE

Traffic Counts

34,000

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

MARKET OVERVIEW

14,400

11

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.

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.

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

B

Information About Brokerage Services

efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain

the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

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