PLANO, TX(DALLAS MSA)

2F INANCIAL ANALYSIS

PRICING & FINANCIAL ANALYSIS

OFFERING SUMMARY

Price $6,740,000

Cap Rate 6.75%

Net Operating Income $455,000

Year Built 2000

Gross Leasable Area 10,275 SF

Lot Size 1.92 Acres

LEASE SUMMARY

Lease Term 15 Years

Lease Commencement 2/1/2016

Lease Expiration 1/31/2031

Remaining Term 12+ Years

Lease Type NNN

Roof & Structure Tenant

Increases 10% Every 5 Years

Options 6 x 5 Year

Options to Purchase ROFR

ANNUALIZED OPERATING DATA

Year(s) Commencement Annual Increase

1-5 2/1/2016 $455,000 -

6-10 2/1/2021 $500,500 10.00%

11-15 2/1/2026 $550,550 10.00%

Option 1: 16-20 2/1/2031 $605,605 10.00%

Option 2: 21-25 2/1/2036 $666,166 10.00%

Option 3: 26-30 2/1/2041 $732,782 10.00%

Option 4: 31-35 2/1/2046 $806,060 10.00%

Option 5: 36-40 2/1/2051 $886,666 10.00%

Option 6: 41-45 2/1/2056 $975,333 10.00%

NET OPERATING INCOME $455,000

Car Spa5028 W Park BlvdPlano, TX 75093

PRICING & FINANCIAL ANALYSIS CAR SPA - PLANO, TX

3F INANCIAL ANALYSIS

CAR SPA - PLANO, TXPRICING & FINANCIAL ANALYSIS

PROPERTY ADDRESS CITY STATE PRICE NOI CAP RATE

1 Stonebridge Pediatrics 5561 Virginia Pkwy McKinney TX $3,800,000 $256,477 6.75%

2 McKinney Two-Tenant Strip 1980 N Central Expy McKinney TX $2,450,000 $165,459 6.75%

3 Cash America Pawn 5016 Lemmon Ave Dallas TX $2,025,000 $106,260 5.25%

4 BlueWave Express Wash 1665 Eldridge Pkwy Houston TX $5,050,000 $341,000 6.75%

5 Christian Brothers Automotive 7937 Westheimer Rd Houston TX $3,080,000 $184,677 6.00%

6 Christian Brothers Automotive 10010 McMullen Rd Brandon FL $2,980,000 $178,946 6.00%

7 Kirby’s Steakhouse 3305 E State Hwy 114 Southlake TX $4,080,000 $265,000 6.50%

8 BlueWave Express Wash 9801 Jones Rd Houston TX $4,400,000 $297,000 6.75%

9 Target Strip on LBJ 5631 LBJ Fwy Dallas TX $4,425,000 $399,000 (1) 9.00% (1)

10 Bexar County Office Building 2711 SE Loop 410 San Antonio TX $3,790,000 (2) $283,092 8.00%

11 ABA North Texas 6200 Virginia Pkwy McKinney TX $1,830,000 $127,818 7.00%

12 Multi-Tenant Office Building 1405-1415 Halsey Way Carrollton TX $3,910,000 $312,574 8.00%

13 Little Sunshine’s Playhouse 600 Zena Rucker Rd Southlake TX Under Contract

14 Little Sunshine’s Playhouse 1501 Lohmans Crossing Lakeway TX $4,630,000 $312,300 6.75%

15 Hooters 4384 Sherwood Way San Angelo TX $3,480,000 $200,000 5.75%

16 Little Sunshine’s Playhouse 8030 Branch Crossing The Woodlands TX $5,325,000 $359,349 6.75%

17 Car Spa 5028 W Park Blvd Plano TX $6,740,000 $455,000 6.75%

18 Service King/Enterprise 4205 W Plano Pkwy Plano TX $6,785,000 $424,000 6.25%

19 Fireside Pies 1285 S Main St Grapevine TX $2,640,000 $178,196 6.75%

20 Winewood Grill 1265 S Main St Grapevine TX $4,225,000 $285,000 6.75%

TOTAL $79,605,000 $5,398,148 6.76%

PORTFOLIO SUMMARYThis Property may be purchased individually or as part of a portfolio

(1) NOI and Cap Rate is based on Pro Forma(2) Sale price includes $250,000 of amortized T.I.

4F INANCIAL ANALYSIS

CAR SPA - PLANO, TXTENANT OVERVIEW

COMPANY SUMMARY

Company Car Spa

Ownership Private

Number of Locations 16

Years in Business 19

Headquarters Dallas, TX

Website www.carspa.net

Car Spa is a national retailer that builds and operates high-quality car care supercenters. Car Spa facilities typically offer a full service or exterior soft cloth car wash, car detailing, quick lube services, a convenience store and a gasoline filling station. Full Service locations are equipped with WiFi to

enhance the customer experience while waiting.

5PROPERTY DESCRIPTION

CAR SPA - PLANO, TXINVESTMENT HIGHLIGHTS

Estimated Vehicles Per Day

Average Household Income

Population Growth 2010-2018

Population: 5 Mile Radius

474,33547.68%

$113,14432,807

S N A P S H O T• Long-Term NNN Lease – Zero Landlord Responsibility

• 10% Rent Escalations Every Five Years in Primary Term and in Options

• Strong Corporate Guarantee

• Strong Experienced Operator with Proven Track Record in Prestigious Willow Bend Area of Plano, Texas

• Pad Site to Market Street grocery store on the main corner of Plano

• Excellent Location - Dense Retail Corridor and High Demographic Area with Access to Preston Road

• Surrounding National Retailers Include Starbucks, Whole Foods, Trader Joe’s, Chipotle, Marshalls, Ulta, Studio Movie Grill and Many More

• Traffic Counts Along W Park Blvd and Preston Rd Exceed 32,800 and 54,000 Vehicles Per Day Respectively

• Population in a Three-Mile Radius Has Grown 47.68% In the Past Few Years with Another 15.66% Projected by 2023

• Household Income in a One-Mile Radius is 1.5x the National Average

6PROPERTY DESCRIPTION

CAR SPA - PLANO, TX

W Park Blvd32,807 VPD

Pre

sto

n R

d54,130 VPD

HuffmanElementary

School

AERIAL MAP

7PROPERTY DESCRIPTION

CAR SPA - PLANO, TXAERIAL MAP

W P

ark

Blv

d

Preston Rd

8PROPERTY DESCRIPTION

CAR SPA - PLANO, TXLOCAL MAP

35W

377

287

287

287

199

171

171

121

121

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380 380

175

80

377 635

30

30

35W

35E

35E

45

820

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820 DALLASFORT WORTH ARLINGTON

WEATHERFORDIRVING

GRAPEVINE

FLOWER MOUND

CARROLLTON GARLAND

RICHARDSON

PLANO

MESQUITE

ALLEN

ROCKWALL

MCKINNEYDENTON

LANCASTERMANSFIELD

BENBROOK

DECATUR

KELLER

9MARKET OVERVIEW

CAR SPA - PLANO, TXMARKET 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.

Dallas - Fort Worth, TX

2nd

3rd

22

10K

4th

Texas, Fastest Growing Economy in the U.S. (24/7 Wall St.)

Fastest Growing Cities in the U.S. (Forbes)

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

Fortune 500 Companies Call DFW Home (Fortune)

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

Largest Metropolitan Area in the United States

10MARKET OVERVIEW

CAR SPA - PLANO, TXDEMOGRAPHIC STATISTICS

Demographic data © CoStar 2018

1 Mile 3 Mile 5 Mile

Population:2023 Projection 13,258 190,434 474,3352018 Estimate 11,861 164,643 416,0912010 Census 11,010 111,486 311,617Growth 2018-2023 11.78% 15.66% 14.00%Growth 2010-2018 7.73% 47.68% 33.53%2018 Population Hispanic Origin 1,119 17,973 58,748

2018 Population by Race:White 8,278 114,110 290,706Black 854 18,811 48,173Am. Indian & Alaskan 51 753 2,328Asian 2,355 26,677 63,956Hawaiian & Pacific Island 1 131 350Other 323 4,161 10,577U.S. Armed Forces: 0 90 246

Households:2023 Projection 6,001 79,443 199,3162018 Estimate 5,379 69,163 175,9482010 Census 5,013 49,939 137,809Growth 2018 - 2023 11.56% 14.86% 13.28%Growth 2010 - 2018 7.30% 38.49% 27.68%Owner Occupied 2,462 31,192 83,875Renter Occupied 2,917 37,971 92,074

2017 Avg Household Income (National Avg - $75,558) $113,144 $109,932 $106,852 2017 Med Household Income (National Avg - $53,889) $80,357 $76,630 $77,500

2018 Households by Household Inc:<$25,000 546 8,468 22,565$25,000 - $50,000 1,010 13,394 33,002$50,000 - $75,000 1,004 12,199 30,225$75,000 - $100,000 602 7,985 21,812$100,000 - $125,000 525 6,297 17,948$125,000 - $150,000 370 4,353 11,215$150,000 - $200,000 522 6,718 16,772$200,000+ 799 9,749 22,407

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

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

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.

Net Lease Disclaimer

TYPES OF REAL ESTATE LICENSE HOLDERS:• ABROKERisresponsibleforallbrokerageactivities,includingactsperformedbysalesagentssponsoredbythebroker.• ASALESAGENT mustbesponsoredbyabrokerandworkswithclientsonbehalfofthebroker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Puttheinterestsoftheclientaboveallothers,includingthebroker’sowninterests;• Informtheclientofanymaterialinformationaboutthepropertyortransactionreceivedbythebroker;• Answertheclient’squestionsandpresentanyoffertoorcounter-offerfromtheclient;and• Treatallpartiestoarealestatetransactionhonestlyandfairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): Thebrokerbecomesthepropertyowner’sagentthroughanagreementwiththeowner,usuallyinawrittenlistingtosellorpropertymanagementagreement.Anowner’sagentmustperformthebroker’sminimumdutiesaboveandmustinformtheownerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentorsubagentbythebuyerorbuyer’sagent.

AS AGENT FOR BUYER/TENANT: Thebrokerbecomes thebuyer/tenant’sagentbyagreeing to represent thebuyer,usually throughawrittenrepresentationagreement.Abuyer’sagentmustperformthebroker’sminimumdutiesaboveandmustinformthebuyerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentbythesellerorseller’sagent.

AS AGENT FOR BOTH - INTERMEDIARY: Toactasanintermediarybetweenthepartiesthebrokermustfirstobtainthewrittenagreementofeachpartytothetransaction.Thewrittenagreementmuststatewhowillpaythebrokerand,inconspicuousboldorunderlinedprint,setforththebroker’sobligationsasanintermediary.Abrokerwhoactsasanintermediary:• Musttreatallpartiestothetransactionimpartiallyandfairly;• May,withtheparties’writtenconsent,appointadifferentlicenseholderassociatedwiththebrokertoeachparty(ownerand• buyer)tocommunicatewith,provideopinionsandadviceto,andcarryouttheinstructionsofeachpartytothetransaction.• Mustnot,unlessspecificallyauthorizedinwritingtodosobytheparty,disclose:

ӽ thattheownerwillacceptapricelessthanthewrittenaskingprice;ӽ thatthebuyer/tenantwillpayapricegreaterthanthepricesubmittedinawrittenoffer;andӽ anyconfidentialinformationoranyotherinformationthatapartyspecificallyinstructsthebrokerinwritingnottodisclose,unlessrequiredtodosobylaw.

AS SUBAGENT: Alicenseholderactsasasubagentwhenaidingabuyerinatransactionwithoutanagreementtorepresentthebuyer.Asubagentcanassistthebuyerbutdoesnotrepresentthebuyerandmustplacetheinterestsoftheownerfirst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• Thebroker’sdutiesandresponsibilitiestoyou,andyourobligationsundertherepresentationagreement.• Whowillpaythebrokerforservicesprovidedtoyou,whenpaymentwillbemadeandhowthepaymentwillbecalculated.

LICENSE HOLDER CONTACT INFORMATION: Thisnoticeisbeingprovidedforinformationpurposes.Itdoesnotcreateanobligationforyoutousethebroker’sservices.Pleaseacknowledgereceiptofthisnoticebelowandretainacopyforyourrecords.

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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