6750 Tezel Graphics Pack

Proforma Models | Performance Indicators

Indicator Owner Manager Property Manager

Net Operating Income $102,300 $93,495

Net Cash Flow $29,816 $21,011

1st Year Cash-on-Cash 8.83% 6.23%

CAP Rate 8.18% 7.48%

Debt Service Coverage Ratio

1.41 1.29

Proforma Overview | Owner Manager

Model Description $

Revenues Rent Roll as of 8/1/19 $146,748

Operating Expenses

2018 Actual Expenses reported LESS: Management Fees (assumes owner management) Leasing Fees (now 100% occupied)

-$44,448

Net Operating Income

Revenues - Operating Expenses $102,300

2019 Proforma | Owner ManagerINVESTMENT

List Price $ 1,250,000 REVENUES

Revenues Proforma $ 146,748 EXPENSES

Cleaning & Maintenance 2018 Actual $ 7,070 Commissions None expected - 100% leased $ - Insurance 2018 Actual $ 3,130 Management Fees None - Assumes owner management $ - Repairs & Supplies 2018 Actual $ 2,260 Taxes 2018 Actual $ 24,806 Utilities 2018 Actual $ 7,182 Capital Items None expected - All HVAC units replaced prior 12 months $ - TOTAL EXPENSES $ 44,448

PERFORMANCE INDICATORS Net Operating Income Annual Rental Revenues - Annual Operating Expenses $ 102,300 Annual Debt Service 6%, 25 year amortization, 2% closing cost $ 72,484 Net Cash Flow Net Operating Income - *Annual Debt Service $ 29,816 1st year Cash on Cash 1st Year Net Cash Flow / (Down Payment + 2% Closing Cost) 8.83% Cap Rate Net Operating Income / Sale Price 8.18% Debt Service Coverage Ratio Net Operating Income / Annual Debt Service (1.25 Minimum for SBA) 1.41

Proforma Overview | Property Manager

Model Description P

Revenues Rent Roll as of 8/1/19 $146,748

Operating Expenses

2018 Actual Expenses reported LESS: 2018 Management Fees Leasing Fees (now 100% occupied) PLUS: 2019 Management Fees (6% of Revenues)

-$53,253

Net Operating Income

Revenues - Operating Expenses $93,495

2019 Proforma | Property ManagerINVESTMENT

List Price $ 1,250,000 REVENUES

Revenues Proforma $ 146,748 EXPENSES

Cleaning & Maintenance 2018 Actual $ 7,070 Commissions None expected - 100% leased $ - Insurance 2018 Actual $ 3,130 Management Fees 6% of Revenues $ 8,805 Repairs & Supplies 2018 Actual $ 2,260 Taxes 2018 Actual $ 24,806 Utilities 2018 Actual $ 7,182 Capital Items None expected - All HVAC units replaced prior 12 months $ - TOTAL EXPENSES $ 53,253

PERFORMANCE INDICATORS Net Operating Income Annual Rental Revenues - Annual Operating Expenses $ 93,495 Annual Debt Service 6%, 25 year amortization, 2% closing cost $ 72,484 Net Cash Flow Net Operating Income - *Annual Debt Service $ 21,011 1st year Cash on Cash 1st Year Net Cash Flow / (Down Payment + 2% Closing Cost) 6.23% Cap Rate Net Operating Income / Sale Price 7.48% Debt Service Coverage Ratio Net Operating Income / Annual Debt Service (1.25 Minimum for SBA) 1.29

Loan Assumptions

Model Description

Sale Price $1,250,000

25% Down Payment $312,500

Loan Amount $937,500

Amortization Schedule 25 Years

Monthly P&I Payment $6,040

2% Closing Costs $25,000

23,582 Annual Avg. Daily Two Way Traffic (AADT) | 2015 TXDOT Traffic County Map

Location Traffic Count (AADT)

Tezel 20,864

Timber Ridge 2,718

Total 23,852

Retail Gap 10 Minute Drive Time

Clothing & Accessories

Food & Drinking Places

Furniture & Furnishings

Sports, Hobby, Books & Music

Electronics & Appliances

Bldg Materials & Garden Equip.

Auto Parts

Office Supplies & Gifts

Specialty Food

Beer, Wine & Liquor

Health & Personal Care

Drinking Places

Florists

$0 $12,500,000 $25,000,000 $37,500,000 $50,000,000

$1,395,747

$2,090,041

$3,752,661

$5,410,554

$7,110,764

$7,342,664

$11,039,079

$23,257,274

$23,394,928

$29,043,105

$29,890,592

$39,103,363

$49,357,600

Retail Gap is Local Demand - Local Supply

Retail Gap| 5 Minute Drive Time Map

Center Point

Very Low Crime Index | San Antonio Zip Code Crime Index Map

28 Walk Score | 47 Bike Score

4 Public Schools within 5 MI with at least 8 of 10 Greatschools ratings

Not in Flood Zones

Perimeter Sketch

105’ 66’ 10’

10’

18’

10’

25’

45’

8’

99’ 88’

9,776’ Total SF

Bexar CAD Map

3 MI to 1604 at Calebra RD

4.3 MI to Bandera RD at Grissom RD

4.8 MI to I-410 at Calebra RD

4.4 MI to 1604 at Bandera RD

10-20-30 MIN Drive Time Map

5 10 15 MI Radii Map