harwood village north · ysis 2 ysis harwood village north harwood village north 605 harwood rd...

BEDFORD, TX(DALLAS MSA)

HARWOOD VILLAGE NORTH

http://www.strivere.com

2F INANCIAL ANALYSIS

HARWOOD VILLAGE NORTHPRICING & FINANCIAL ANALYSIS

Harwood Village North605 Harwood RdBedford, TX 76021

OFFERING SUMMARYPrice $8,865,000

Cap Rate 7.85%

Net Operating Income $696,195

Price PSF $103.16

Occupancy 89.8%

Year Built 1982

Gross Leasable Area 85,931 SF

Lot Size 6.86 Acres



HARWOOD VILLAGE NORTHPRICING & FINANCIAL ANALYSIS

PROJECTED INCOME & EXPENSES CURRENT PSF

Base Rent - Occupied Space $696,390 $8.10

GROSS POTENTIAL RENT $696,390 $8.10

Expense Reimbursements

CAM Recoveries $89,038 $1.04

Management Fee Recoveries $26,675 $0.31

Insurance Recoveries $16,160 $0.19

Real Estate Tax Recoveries $90,337 $1.05

Total Expense Reimbursements $222,210 $2.59

EFFECTIVE GROSS REVENUE $918,600 $10.69

Operating Expenses

Total CAM $47,049 $0.55

Management Fee 4.10% $37,569 $0.44

Total Insurance $20,500 $0.24

Total Real Estate Taxes $117,287 $1.36

Total Recoverable Expenses $222,406 $2.59

Net Operating Income $696,195 $8.10

EXPENSES CURRENT PSF

Real Estate Taxes $117,287 $1.36

Insurance $20,500 $0.24

CAM

Cleaning and Maintenance $6,120 $0.07

Landscaping $5,136 $0.06

Legal and Professional Fees $6,896 $0.08

Miscellaneous Expenses $695 $0.01

Repairs $13,242 $0.15

Utilities $14,960 $0.17

Total CAM $47,049 $0.55

Management Fee 4.10% $37,569 $0.44

Total Expenses $222,406 $2.59



HARWOOD VILLAGE NORTHRENT ROLL

Tenant Suite SQ FT % of SQFT Lease Dates Minimum Rent Recoveries Total

Start End Annual Monthly PSF Annual PSF Revenue% of

Revenue

Movimiento Internacional 735 Harwood Rd 5,000 5.82% 11/17 10/21 $47,900 $3,992 $9.58 $17,500 $3.50 $65,400 7.12%

Escape Rejuvenate 727 Harwood Rd 2,500 2.91% 10/09 01/20 $22,500 $1,875 $9.00 $8,750 $3.50 $31,250 3.40%

Health Hut 723 Harwood Rd 2,500 2.91% 11/13 10/19 $21,250 $1,771 $8.50 $8,750 $3.50 $30,000 3.27%

Half Price Bookstore 713 Harwood Rd 9,200 10.71% 10/04 09/24 $101,200 $8,433 $11.00 $32,200 $3.50 $133,400 14.52%

Freedom Church 701 Harwood Rd 8,640 10.05% 09/15 11/20 $60,480 $5,040 $7.00 $30,240 $3.50 $90,720 9.88%

It's Paintable 643 Harwood Rd 1,600 1.86% 02/19 02/22 $15,200 $1,267 $9.50 $5,600 $3.50 $20,800 2.26%

Posh Nail 639 Harwood Rd 1,680 1.96% 05/15 04/20 $23,856 $1,988 $14.20 $5,880 $3.50 $29,736 3.24%

TN Tailor 637 Harwood Rd 1,200 1.40% 04/19 03/21 $13,800 $1,150 $11.50 $4,200 $3.50 $18,000 1.96%

Coat Of Many Colors 625/623 Harwood Rd 6,800 7.91% 03/06 11/23 $65,188 $5,432 $9.59 $23,800 $3.50 $88,988 9.69%

Fitness 2000 615 Harwood Rd 9,975 11.61% 12/16 05/24 $69,402 $5,784 $6.96 $34,913 $3.50 $104,315 11.36%

Tuesday Morning 609 Harwood Rd 16,166 18.81% 10/09 01/20 $131,753 $10,979 $8.15 $8,665 $0.54 $140,418 15.29%

Subway 607 Harwood Rd 2,250 2.62% 09/03 04/19 $20,588 $1,716 $9.15 $7,875 $3.50 $28,463 3.10%

Cato Fashion 605 Harwood Rd 4,500 5.24% 09/98 01/24 $41,625 $3,469 $9.25 $15,750 $3.50 $57,375 6.25%

Available 603 Harwood Rd 4,320 5.03% - - $0 $0 $0.00 $0 $0.00 $0 0.00%

Alphagraphics 601-2 Harwood Rd 600 0.70% 02/17 02/20 $8,400 $700 $14.00 $2,100 $3.50 $10,500 1.14%

Healogix Consulting LLC 601-1 Harwood Rd 600 0.70% 09/18 08/21 $7,500 $625 $12.50 $2,100 $3.50 $9,600 1.05%

Harwood Beer and Wine 2906 Brown Tr 1,200 1.40% 02/17 07/22 $12,600 $1,050 $10.50 $4,200 $3.50 $16,800 1.83%

Available 2910 Brown Tr 1,552 1.81% - - $0 $0 $0.00 $0 $0.00 $0 0.00%

World Wide Connection 2914 Brown Tr 1,868 2.17% 05/19 04/22 $20,548 $1,712 $11.00 $6,538 $3.50 $27,086 2.95%

First Donut 2918 Brown Tr 900 1.05% 11/05 10/20 $12,600 $1,050 $14.00 $3,150 $3.50 $15,750 1.71%

Available 2926 Brown Tr 2,880 3.35% - - $0 $0 $0.00 $0 $0.00 $0 0.00%

Total Count/GLA 21 85,931 100% $696,390 $58,033 $222,210 $918,600 100.00%

Occupied 18 77,179 89.8%

Available 3 8,752 10.2%

Total Avg Rent $9.02 77,179 100.0%



HARWOOD VILLAGE NORTHESTIMATED REIMBURSEMENT REVENUE

Tenant Suite SQ FT % of SQFT CAM Management Fee Insurance Real Estate Taxes Total Recovery

Monthly PSF Monthly PSF Monthly PSF Monthly PSF Monthly PSF

Movimiento Internacional 735 Harwood Rd 5,000 5.82% $608 $1.46 $182 $0.44 $99 $0.24 $569 $1.36 $1,458 $3.50

Escape Rejuvenate 727 Harwood Rd 2,500 2.91% $304 $1.46 $91 $0.44 $50 $0.24 $284 $1.36 $729 $3.50

Health Hut 723 Harwood Rd 2,500 2.91% $304 $1.46 $91 $0.44 $50 $0.24 $284 $1.36 $729 $3.50

Half Price Bookstore 713 Harwood Rd 9,200 10.71% $1,119 $1.46 $335 $0.44 $183 $0.24 $1,046 $1.36 $2,683 $3.50

Freedom Church 701 Harwood Rd 8,640 10.05% $1,051 $1.46 $315 $0.44 $172 $0.24 $983 $1.36 $2,520 $3.50

It's Paintable 643 Harwood Rd 1,600 1.86% $195 $1.46 $58 $0.44 $32 $0.24 $182 $1.36 $467 $3.50

Posh Nail 639 Harwood Rd 1,680 1.96% $204 $1.46 $61 $0.44 $33 $0.24 $191 $1.36 $490 $3.50

TN Tailor 637 Harwood Rd 1,200 1.40% $146 $1.46 $44 $0.44 $24 $0.24 $136 $1.36 $350 $3.50

Coat Of Many Colors 625/623 Harwood Rd 6,800 7.91% $827 $1.46 $248 $0.44 $135 $0.24 $773 $1.36 $1,983 $3.50

Fitness 2000 615 Harwood Rd 9,975 11.61% $1,213 $1.46 $363 $0.44 $198 $0.24 $1,135 $1.36 $2,909 $3.50

Tuesday Morning 609 Harwood Rd 16,166 18.81% $0 $0.00 $0 $0.00 $134 $0.10 $588 $0.44 $722 $0.54

Subway 607 Harwood Rd 2,250 2.62% $274 $1.46 $82 $0.44 $45 $0.24 $256 $1.36 $656 $3.50

Cato Fashion 605 Harwood Rd 4,500 5.24% $547 $1.46 $164 $0.44 $89 $0.24 $512 $1.36 $1,313 $3.50

Available 603 Harwood Rd 4,320 5.03% $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00

Alphagraphics 601-2 Harwood Rd 600 0.70% $73 $1.46 $22 $0.44 $12 $0.24 $68 $1.36 $175 $3.50

Healogix Consulting LLC 601-1 Harwood Rd 600 0.70% $73 $1.46 $22 $0.44 $12 $0.24 $68 $1.36 $175 $3.50

Harwood Beer and Wine 2906 Brown Tr 1,200 1.40% $146 $1.46 $44 $0.44 $24 $0.24 $136 $1.36 $350 $3.50

Available 2910 Brown Tr 1,552 1.81% $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00

World Wide Connection 2914 Brown Tr 1,868 2.17% $227 $1.46 $68 $0.44 $37 $0.24 $212 $1.36 $545 $3.50

First Donut 2918 Brown Tr 900 1.05% $109 $1.46 $33 $0.44 $18 $0.24 $102 $1.36 $263 $3.50

Available 2926 Brown Tr 2,880 3.35% $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00

TOTALS 85,931 100% $7,420 $2,223 $1,347 $7,528 $18,518



HARWOOD VILLAGE NORTHLEASE PROVISIONS

Tenant Suite SQ FTBase Rental Increases

Renewal OptionsUser Restrictions & Exclusive Rights

Sales Reporting

Date PSF Options Date PSF

Movimiento Internacional 735 Harwood Rd 5,000 11/1/2019 11/1/2020

$11.50 $11.98

- - - - No

Escape Rejuvenate 727 Harwood Rd 2,500 - - 1 x 5 2/1/2020 FMV - -

Health Hut 723 Harwood Rd 2,500 - - - - - Exclusive retailer of health food vitamin or nμtritional products and services.

Yes

Half Price Bookstore 713 Harwood Rd 9,200 10/1/2019 $11.50 1 x 5 10/1/2024 $12.00 - Yes

Freedom Church 701 Harwood Rd 8,640 - - 1 x 5 11/12/2020 FMV - No

It's Paintable 643 Harwood Rd 1,600 4/1/2019 4/1/2020 4/1/2021

$9.50 $10.50 $11.50

- - - - -

Posh Nail 639 Harwood Rd 1,680 4/1/2019 $8.21 1 x 5 5/1/2020 FMV - No

TN Tailor 637 Harwood Rd 1,200 - - - - - - -

Coat Of Many Colors 625/623 Harwood Rd 6,800 - - - - - - Yes

Fitness 2000 615 Harwood Rd 9,975 - - 2 x 5 6/1/2024 6/1/2029

FMV FMV

- No

Tuesday Morning 609 Harwood Rd 16,166 - - 1 x 5 2/1/2020 $9.15 - Yes

Subway 607 Harwood Rd 2,250 - - - - - Exclusive Right to sell Sandwiches -

Cato Fashion 605 Harwood Rd 4,500 2/1/2019 $9.25 1 x 5 2/1/2024 $10.25 Exclusive right to sell women's apparrell Yes

Available 603 Harwood Rd 4,320 - - - - - - -

Alphagraphics 601-2 Harwood Rd 600 - - - - - - No

Healogix Consulting LLC 601-1 Harwood Rd 600 9/1/2019 $14.50 - - - - -

Harwood Beer and Wine 2906 Brown Tr 1,200 - - - - - - No

Available 2910 Brown Tr 1,552 - - - - - - -

World Wide Connection 2914 Brown Tr 1,868 - - 1 x 5 5/1/2022 $12.50 - -

First Donut 2918 Brown Tr 900 - - 1 x 5 11/1/2020 FMV - Yes

Available 2926 Brown Tr 2,880 - - - - - - -

TOTAL 85,931


7PROPERTY DESCRIPTION

HARWOOD VILLAGE NORTHTENANT INFORMATION

DBA Half Price Books

Entity on Lease Half Price Books, Records & Magazines

Corporate/Franchise Corporate

Locations 120+

Credit Rating Not Rated

Public/Private Private

Line of Business Half Price Books, Records, Magazines, Incorporated is the largest family-owned chain of new and used bookstores in the United States. The company’s original motto is “We buy and sell anything printed or recorded except yesterday’s newspaper”, and many of the used books, music, and movies for sale in each location are purchased from local residents.

DBA Tuesday Morning

Entity on Lease Tuesday Morning, Inc


Locations 720+


Public/Private NASDAQ: TUES

Line of Business Tuesday Morning Corporation is an American discount, off-price retailer specializing in domestic and international, designer and name-brand closeout merchandise. the chain traditionally has relied on direct marketing (including mail and e-mail), but also advertises in newspapers.

DBA Cato

Entity on Lease Cato of Texas, L.P.


Locations 1,370+


Public/Private NYSE: CATO

Line of Business Cato is a specialty retailer offering value-priced women’s apparel principally in the Southeastern United States under the names ‘Cato,’ ‘Cato Fashions,’ ‘Cato Plus,’ ‘It’s Fashion,’ ‘It’s Fashion Metro’ and ‘Versona Accessories’. As of Oct 28, 2017, the company operated 1,370 stores in 33 states.



HARWOOD VILLAGE NORTHINVESTMENT HIGHLIGHTS

• Complimentary Tenant Lineup: The Property benefits from being nearly 90% leased to a complimentary lineup of fitness, health, food and fashion-oriented tenants which promotes a cross-shopping experience.

• Long Term Tenancy: The Harwood Village North tenant base has demonstrated outstanding longevity as a large portion of the center has occupied the Property for more than 10 years.

• High Growth Trade Area with Exceptional Demographics: Located within a high-density area of Bedford, Harwood Village North benefits from strong demographics with high growth expected over the next several years. Within a five-mile radius of the Property there are 262,654 residents. Over the next five years, the population within a five-mile radius is expected to grow an additional 7.57%. Furthermore, the average household income within a five-mile radius of the center is an outstanding $100,927.

• Below Market Rents: The average rental rate at Harwood Village North is only $9.02 psf while like-kind product in the immediate trade area is leasing up to $30.00 psf.

• Priced Below Replacement Cost: Harwood Village North presents a compelling opportunity to acquire a retail asset at $103 per square foot which is well below replacement cost.



HARWOOD VILLAGE NORTHSITE PLAN

SUITE TENANT GLA

Movimiento Internacional 735 Harwood Rd 5,000

Escape Rejuvenate 727 Harwood Rd 2,500

Health Hut 723 Harwood Rd 2,500

Half Price Bookstore 713 Harwood Rd 9,200

Freedom Church 701 Harwood Rd 8,640

It’s Paintable 643 Harwood Rd 1,600

Posh Nail 639 Harwood Rd 1,680

TN Tailor 637 Harwood Rd 1,200

Coat Of Many Colors 625/623 Harwood Rd 6,800

Fitness 2000 615 Harwood Rd 9,975

Tuesday Morning 609 Harwood Rd 16,166

Subway 607 Harwood Rd 2,250

Cato Fashion 605 Harwood Rd 4,500

Available 603 Harwood Rd 4,320

Alphagraphics 601-2 Harwood Rd 600

Healogix Consulting 601-1 Harwood Rd 600

Harwood Beer and Wine 2906 Brown Tr 1,200

Available 2910 Brown Tr 1,552

World Wide Connection 2914 Brown Tr 1,868

First Donut 2918 Brown Tr 900

Available 2926 Brown Tr 2,880

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Harwood Rd

Brown Trail NOT A PART



HARWOOD VILLAGE NORTHAERIAL MAP

PR

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RD

HARWOOD RD

BELL HIGH SCHOOL

TARRANT COUNTY

COLLEGE - NORTHWEST

BEDFORD JUNIORHIGH SCHOOL

BIRDVILLEHIGH SCHOOL

GRA

PEVINE H

WY



HARWOOD VILLAGE NORTHLEASE COMPARABLES

Property GLAYr Built/

Renovated Occupancy Major TenantsAvailable

SF Rental Rates NNN

Harwood Village North607 Harwood Rd.Bedford, TX 76021 85,931 1982 89.8% CATO Fashion, Tuesday Morning,

Subway, Fitness 2000 8,752 $7.00-$14.00 $3.50

1Bedford Meadows2816 Central Dr.Bedford, TX 76021

19,658 1986 94.7%Just for Kidz Academy, Planned Parenthood,

Allstate, Salon 71,050 $12.00-$16.00 $4.50

2

Parkwood Village139 E Harwood Rd.Hurst, TX 76054 78,250 1985 95.8%

DaVita Kidney Care, Metro PCS, Direct DFW Mattress,

Elite Personal Training3,292 $10.00-$14.00 $4.50

3Cimarron Plaza Shopping Center1220 Airport FwyBedford, TX 76022

26,766 1985 94.8%Dollar Tree, Subway,

H&R Block, Western Union, U-Haul

1,400 $15.00-$18.00 $3.65

4Central Square 1701-1833 Airport FwyBedford, TX 76021

47,751 1984 89.0%

Monarch Dental, Toadies,Carter Bloodcare, Big Shots Sports Café,

CrossFit 5,230 $11.00-$15.00 $3.85

5Sprint/Chipotle Retail2100 Airport FwyBedford, TX 76022

3,375 2017 100.0% Chipotle, Sprint 0 $42.00-$65.00 $9.85



HARWOOD VILLAGE NORTHLEASE COMPARABLES

1

5

2

34

Harwood Village North

1 Bedford Meadows

2 Parkwood Village

3 Cimarron Plaza Shopping Center

4 Central Square

5 Sprint/Chipotle Retail



HARWOOD VILLAGE NORTHREGIONAL MAP




HARWOOD VILLAGE NORTHLOCAL MAP




HARWOOD VILLAGE NORTHMARKET SUMMARY

Dallas - Fort Worth, TX

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 7,399,662 people as of July 1, 2017. The metropolitan economy is the fourth-largest and third-fastest growing in the United States, with a 2017 real GDP of $535.5 billion. In 2018, Dallas had both the highest job growth rate and the most jobs added in the nation, and is 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 2018, 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 nine 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.

No. 14th

22

10K

5th

Fastest Growing City in the U.S. (U.S. Census Bureau)

Largest Metropolitan Area in the United States

O V E R V I E W Q U I C K S TAT S

Fortune 500 Companies Call DFW Home (USA Today)

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

Texas, Fastest Growing Economy in the U.S. (Forbes)



HARWOOD VILLAGE NORTHDEMOGRAPHIC STATISTICS

1 MILE 3 MILE 5 MILE

Population:

2023 Projection 14,030 127,031 282,528

2018 Estimate 13,144 118,176 262,654

2010 Census 12,464 106,958 236,601

Growth 2018-2023 6.74% 7.49% 7.57%

Growth 2010-2018 5.46% 10.49% 11.01%

2018 Population Hispanic Origin 1,379 19,586 42,128

2018 Population by Race:White 11,712 98,690 215,283

Black 471 9,536 19,595

Am. Indian & Alaskan 68 934 1,920

Asian 541 5,371 17,158

Hawaiian & Pacific Island 48 573 1,915

Other 303 3,072 6,783

U.S. Armed Forces: 0 0 13

Households:2023 Projection 5,864 51,568 109,109

2018 Estimate 5,508 48,097 101,692

2010 Census 5,279 44,046 92,654

Growth 2018 - 2023 6.46% 7.22% 7.29%

Growth 2010 - 2018 4.34% 9.20% 9.75%

Owner Occupied 4,316 29,139 67,958

Renter Occupied 1,192 18,957 33,734

2018 Avg Household Income (National Avg - $75,558) $104,482 $89,776 $100,927

2018 Med Household Income (National Avg - $53,889) $86,248 $65,552 $74,611

2018 Households by Household Inc:<$25,000 377 6,587 11,894

$25,000 - $50,000 1,029 11,474 20,899

$50,000 - $75,000 1,024 8,893 18,316

$75,000 - $100,000 719 6,201 13,120

$100,000 - $125,000 833 5,005 11,390

$125,000 - $150,000 469 2,991 6,925

$150,000 - $200,000 603 3,183 8,565

$200,000+ 453 3,763 10,582

Demographic data © CoStar 2018


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.

CONFIDENTIALITY AGREEMENT

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.

Commercial Disclaimer

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 minimumduties above and must inform the owner of any material information about the property or transaction known by the agent, includinginformation 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.

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov

Information About Brokerage Services

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