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STABILIZED RETAIL CENTER SHADOW ANCHORED BY REGIONAL MALL 7885 FM 1960 WEST | HOUSTON, TX

WILLOWBROOK SHOPPING CENTER

PROPERTY INFORMATION

RAVENEAUXGOLF COURSE

CHAMPIONSGOLF COURSE

249

TOMBALL PKWY

HWY 249

HWY 249

MILLS RD

GRANT RD

PERRY RD

FM 1960

RICHEY RD

BAMM

EL NO

RTH H

OUST

ON RD

CUTTEN RD

CHAMPIONS DR

CYPRESSWOOD DR

STUEBNER AIRLINE RD

GESS

NER R

D

164,348 CPD

119,200 CPD

52,000 CPD

61,000 CPD

31,970 CPD31,610 CPD

46,000 CPD

48,000 CPD

17,270 CPD

13,460 CPD

60,750 CPD

57,150 CPD

CHAMPIONS FOREST DR

The Container Store, Ann Taylor, Victoria’sSecret, Jos. A Bank, White House|Black

Market, GAP, GAP Kids, Francesca’sCollection, Silver Spoon, Coldwater Creek,

Talbots, Thomas Markie Fine Jewelers, LOFT

CHAMPIONS FOREST PLAZA

Barnes & Noble, Palais Royal, Randall’sFlagship, Stein Mart, World Market, Bath &

Body Works, James Avery,UPS Store, Supercuts, Hallmark, Merle

Norman, Kirklands Home, Claires, Zales,Massage Heights

SUPER CENTER

Alamo Draft House, All About Feet, Anything Bling Boutique, Art Class & Wine Glass, Asha Handcrafted

Jewelry, B. de Vine, Blu Ivory, GNC, Ground Up Athletics, Haddad Jewelers, Imagination Toys & Shoes, Jeanne’s

Monogramming & Gifts, LaVeVee Couture, Lavo Collections, Lizzy G’s Fine Gifts, Lone Star Tobacco, Lulla Blue, Natural Pawz, Oh Honey, Potter’s Wheel, T. Carolyn

Fashions, That Absolutely Fabulous Paper Emporium, The Ivy League Menswear – TILMens, The Luxury Shirt Company

SITESITE

FLY-ZONE

OFFERED FOR SALE Total GLA 27,371 SFLocation 7885 FM 1960 West, Houston, TX 77070Occupancy 100%NOI $235,272Sale Price $3,095,000 (Financing Available)

Willowbrook Shopping Center is a 27,371 SF 100% leased, multi-tenant retail center located at 7885 FM 1960 West at the regional intersection of Hwy 249 and FM 1960 in Houston, Harris County, TX. The center was built in 1997, has tilt wall construction with a stucco façade, along with a concrete parking lot. Willowbrook Shopping Center is comprised of two tracts

of land totaling 2.38 acres and is surrounded by over 2.7 million SF of retail. The property is shadow anchored by Willowbrook Mall and fronts the mall ring road. Willowbrook Mall is a newly renovated GGP Mall with over 19 million annual visitors.

OFFERED FOR SALE

WILLOWBROOK SHOPPING CENTERMALL SHADOW ANCHORED | STABILIZED RETAIL CENTER FOR SALE

AREA RETAILERS

INVESTMENT HIGHLIGHTS - 100% Leased with Anchor Tenant on New, Long Term Lease- Shadow Anchored by Willowbrook Mall, a GGP Mall that Recently Underwent a Substantial Renovation- Located in the Regional Hub of the Willowbrook Trade Area- Plato’s Closet has Historically been a Top Performing Store within the Chain for Houston- Fueled by the Completion of the $1.1 Billion Grand Parkway Expansion, Northwest Houston is Rapidly Expanding with Retail and Residential - Grand Parkway Impact of an Estimated 3,500 Future Lots to Deliver within a 5-Mile Radius- Average Household Incomes Greater than $88,000 per Year Within a 3-Mile Radius- Cross Access and Shared Parking Provided per Reciprocal Easement and Operating Agreement

AREA EMPLOYERS

Hospital atThe Vintage


TENANT OVERVIEW

Plato’s Closet | 7,648 SF, Lease Expiration 2/28/2017

Plato’s Closet (NASDAQ: WINA) buys and sells the latest looks in brand name gently used clothing and accessories for teens and young adults. As the leading national teen resale chain, Plato’s closet has more than 450 store locations throughout North America and continues to expand. Plato’s Closet has ranked number one in its category in Entrepreneur Magazine’s Franchise 500 list from 2011-2016 and was a Top Ranked Franchise Investment by Forbes Magazine in the $150,001- $500,000 category in 2014 and 2015. Plato’s Closet is a subsidiary of Winmark Corporation, headquartered in Minneapolis, Minnesota. Winmark is a recognized leader in franchise-owned and operated businesses, with over 1,200 franchises in North America. Winmark entered the franchising business in 1988 with the award-winning Play It Again Sports concept. Additional franchise businesses are: Once Upon A Child, Music Go Round and Style Encore. All of the Winmark brands buy, sell, trade, and/or consign used and new brand-name merchandise.

www.platoscloset.com

Fly-Zone Trampoline Park | 19,723 SF, Lease Expiration 11/30/2024

Fly-Zone Trampoline Park is an entertainment park offering safe, fun, clean and affordable attractions to a wide range of customers. Fly-Zone features a variety of wall-to-wall trampoline activities as well a rock climbing wall, trampoline basketball, extreme dodge ball and a foam pit. Fly-Zone specializes in birthday parties and large group events, as well as free jump time, toddler time and fitness classes. The company is owned by the founders of Gadget MD, a well-recognized brand in the electronic repair business with 14 locations throughout the Houston MSA . They are hands-on owners with multiple business/franchises including ZAGG, Johnny Rockets and Gadget MD.

LOCATION: SEQ of Hwy 249 & FM 1960ADDRESS: 7885 FM 1960 West, Houston, TX 77070PARCEL SIZE: 1.59 Acres - Main Shopping Center 0.79 Acres - Adjacent TractYEAR BUILT: 1997BUILDING NRA: 27,371OCCUPANCY: 100%PARKING RATIO*: 124 parking spaces (4.53/1,000) in addition to cross access and shared parkingCONSTRUCTION: Tilt wall, stucco façade and concrete parking lotNOI: $235,272CAP RATE: 7.6%SALE PRICE: $3,095,000 (Financing Available)

*Parking ratio includes both tracts and is an estimation based upon visual inspection

INVESTMENT OVERVIEW


http://www.platoscloset.com

HOUSTON OVERVIEW

HOUSTON’S NATION-LEADING STATISTICSNo. 1 Top Destination Cities U-Haul May 2017No. 1 Top U.S. Metro for Exports in 2015 Department of Commerce September 2016No. 1 Top Metro Residential Growth from 2014-2015 U.S. Census March 2016 No. 1 Fastest Growing Cities in 2014 Forbes January 2015No. 1 Top Market for Real Estate Investment for 2015 Houston Chronicle October 2014No. 1 Market to Watch in 2015 Urban Land Institute October 2014No. 1 Best Cities for Manufacturing Forbes June 2014No. 1 Top U.S. Manufacturing Cities Manufacturers’ News January 2014No. 1 Strongest Economy PPR Global December 2013No. 1 Top Cities for Global Trade Global Trade August 2013

Houston has a GDP of $503 billion, making it the fourth largest city in the United States and the largest city by population in Texas. Over 6.7 million people call the Houston metro area home. Since 2000, Houston’s population has grown by over 28 percent, the second-highest rate in the country. Named the Number One Market to Watch in 2015 by Urban Land Institute, Houston has consistently been a national leader in employment and population growth. The Houston MSA population grew by over 725,000 residents between 2010 and 2016, with an average of 120,000 projected new residents added each year. It also boasts the second fastest-growing housing market in the United States. If Houston maintains its average growth rate, Houston will surpass Chicago as the country’s third most populous city by 2030.

The Houston MSA has added over 1.2 million jobs over the past 25 years, ranking it third in the nation and currently hosts a record high 3,058,900 people employed. The rapid job growth can be attributed to the 26 Fortune 500 headquarters, and 53 Fortune 1000 companies located in Houston, ranking it third among metro areas. From 2000-2016, the city has added a variety of aerospace, technology, manufacturing and medical companies to the economic mix, generating more than 783,000 diverse jobs. The city’s healthcare sector was the largest sector in 2016, surpassing energy and continues to grow rapidly. The Texas Medical Center (TMC) is the largest medical complex in the world and the largest single employer in the city of Houston. With 21 renowned hospitals, 106,000 employees, 8 million visits per year, the TMC generates $25 billion in GDP, and is the 8th largest business district in the United States. There are currently $3.5 billion in construction projects underway, including the planned $1.5 billion TMC3 Collaborative Institute, a new research campus to leverage the collective power of TMC’s renowned institutions in a shared, centrally managed environment. Houston’s economy is also anchored by the Port of Houston, one of the world’s busiest ports. The Port of Houston is ranked first in the U.S. in both domestic import and export tonnage and second in the U.S. in total tonnage and creates more than one million Texas jobs, generating more than $265 billion in statewide economic impact equating to 16% of state GDP.

The city boasts a steadily growing housing market, currently ranked second in the nation in housing starts, behind Dallas. According to the Houston Association of Realtors, Houston has recently had multiple record-breaking months of single-family home sales, surpassing the historical 8,000 homes per month mark, while prices have continued on an upward trend. Tax rates are low and the city’s political climate is aggressively pro-business, with officials consistently opposing new zoning laws so as not to stifle the city’s growth.


Willowbrook Dr.

Centerfield Dr.Katy

Sugar Land

Tomball

Pearland

Houston

290

59

45

10

61099

6

8

Willowbrook Mall

WILLOWBROOK AREA TRADE OVERVIEW • Located in Northwest Houston, Willowbrook is affluent and well educated and continues to expand to the north with new

retail, office, medical and residential. The average household income is $88,000 per year and home values range from $200,000 to over $1 million.

• Willowbrook Mall (GGP), a regional mall for northwest Houston, has been newly renovated and features a category-leading roster of anchor tenants including Dillard’s, Nordstrom Rack, Dick’s Sporting Goods, Zara, Forever 21, H&M, Macy’s and JCPenney.

• Super regional intersection of Hwy 249 and FM 1960, the major East-West traffic corridor of Northwest Houston, allows for exceptional access to Beltway 8, Grand Parkway expansion and Bush Intercontinental Airport.

• Located 4 miles away from The Vintage, a 630 acre master planned community and mixed-use development with approximately 1,600 new and future homes planned and 1,500 multi-family units.

• Strong daytime population from national companies including Chevron Pipeline, Methodist Willowbrook Hospital, Noble Energy, Hewlett Packard and Sam Houston Race Park.

DEMOGRAPHICS1 MILE 3 MILES 5 MILES

Population 10,761 94,740 307,623

Daytime Population 24,210 131,300 328,097Average HH Income $78,086 $87,961 $88,8852016 STDB Demographic Estimates

TRAFFIC COUNTSHwy 249 S of 1960 119,200 cpd

Hwy 249 N of 1960 164,348 cpd

1960 E of Hwy 249 52,000 cpd

1960 W of Hwy 249 61,000 cpd

REAL ESTATE TAXESThe property falls under the jurisdiction of Harris County Texas and the Cypress-Fairbanks Independent School District.

HCAD ACCOUNT LOCATION PARCEL SIZE 2017 TAX

1157820010042 Main Shopping Center 1.59 AC $2,020,499

1157820010043 Adjacent Tract .79 AC $428,614


SITESITE

164,348 CPD

152,949 CPD

92,000 CPD

119,200 CPD

52,000 CPD

61,000 CPD

58,629 CPD

25,2433333 CPD42,810 CPD

35,731 CPD

14,513 CPD

27,600 CPD

CYPRESSWOOD DR

CUTTEN RDCHAM

PION FOREST DR

CHAMPIONS DR

TOMBALL PKW

YMILLS RD

GRANT RD

LOUETTA RD

SPRING CYPRESS RD

FM 1960

FM 1960

JONES RD

PERRY RD

GESSNER RD

HWY 249

HWY 249



249

8

2,000 +/- EmployeesApproximately 312,000 SF

Additional 850,000 SF Planned

50,000 SF195 Beds

Over 500 Employees

C H A S EWOODC R O S S I N G

212,000 SF

463,969 SFAdditional 500,000 SF Planned

Hospital atThe Vintage

192,000 SF Office122,000 SF Industrial 60,000 SF

over 20 Physicians

1,449,632 SF19 Million Visitors per Year

212,000 SF78 Beds

150 Employees

11,500 Students1.2 Million SF

Centre at Cypress Creek

954,000 SF1,600 +/- Employees

10,000 +/- Employees692,812 SF Office

AREA EMPLOYERS


PROJECTED ANNUAL OPERATING STATEMENT

IN-PLACE

Base Rent

Occupied Space 235,272

Vacant Space @ Market —

Gross Potential Rent 235,272

Total Reimbursements 96,944

Gross Income 322,216

Less: General Vacancy —

Effective Revenue 322,216

Reimbursable Operating Expenses

CAM 18,379

Real Estate Taxes 67,826

Insurance 4,911

Management Fee 5,829

Total Reimbursements 96,944

Net Operating Income $235,272


FINANCIALS AVAILABLE UPON EXECUTION OF CONFIDENTIALITY AGREEMENT


TENANT Fly-Zone Trampoline Park Plato’s Closet

SQ. FT. 19,723 7,648

LEASING PLAN*W

illowbrook Dr

Centerfield Dr

7,648 SF

19,723 SF

FLY-ZONETRAMPOLINE PARK

16

7

2

2

4

7

15

10

9

11

4

21

16

Adjacent Tract.79 Acres

Cross access and shared parking per Reciprocal Easement Access Agreement dated June 17, 1985.

*Representative leasing plan, not to scale.




249

TOMBALL PKWY

HWY 249HW

Y 249

MILLS RD

GRANT RD

PERRY RD

FM 1960

RICHEY RD

BAMM

EL NO

RTH H

OUST

ON RD

CUTTEN RD

CHAMPIONS DRCYPRESSWOOD DR

STUEBNER AIRLINE RD

GESS

NER R

D

164,348 CPD

119,200 CPD

52,000 CPD

61,000 CPD

31,970 CPD31,610 CPD

46,000 CPD

48,000 CPD

17,270 CPD

13,460 CPD

60,750 CPD

57,150 CPD

CHAMPIONS FOREST DR

The Container Store, Ann Taylor, Victoria’sSecret, Jos. A Bank, White House|Black

Market, GAP, GAP Kids, Francesca’sCollection, Silver Spoon, Coldwater Creek,

Talbots, Thomas Markie Fine Jewelers, LOFT

CHAMPIONS FOREST PLAZA

Barnes & Noble, Palais Royal, Randall’sFlagship, Stein Mart, World Market, Bath &

Body Works, James Avery,UPS Store, Supercuts, Hallmark, Merle

Norman, Kirklands Home, Claires, Zales,Massage Heights

SUPER CENTER

Alamo Draft House, All About Feet, Anything Bling Boutique, Art Class & Wine Glass, Asha Handcrafted

Jewelry, B. de Vine, Blu Ivory, GNC, Ground Up Athletics, Haddad Jewelers, Imagination Toys & Shoes, Jeanne’s

Monogramming & Gifts, LaVeVee Couture, Lavo Collections, Lizzy G’s Fine Gifts, Lone Star Tobacco, Lulla Blue, Natural Pawz, Oh Honey, Potter’s Wheel, T. Carolyn

Fashions, That Absolutely Fabulous Paper Emporium, The Ivy League Menswear – TILMens, The Luxury Shirt Company

SITESITE

FLY-ZONE

AREA DEVELOPMENT PLAN


CONFIDENTIALITY AGREEMENT & DISCLAIMERTranswestern1900 West Loop South, Suite 1300Houston, TX 77027713.270.7700 / Fax 713.401.1461

CONFIDENTIALITY STATEMENTWillowbrook Shopping Center7885 FM 1960 WestHouston, TX 77070

The undersigned has been advised that Transwestern Property Company SW GP, L.L.C. dba Transwestern has been retained on an exclusive basis by the Owner with respect to the offering or sale of Willowbrook Shopping Center, 7885 FM 1960 West, Houston, TX 77070 (the “Property”). The Owner has indicated that all inquiries and communications with respect to the contemplated sale of such Property be directed to Transwestern. All fees due Transwestern in connection with the sale of the Property shall be paid by the Owner. The undersigned hereby acknowledges that it is a principal or an investment advisor in connection with the possible acquisition of the Property and agrees that it will not look to the Owner, the Owner’s Lender or Transwestern for any fees or commissions in connection with the sale of the Property. The undersigned also hereby acknowledges that is has not dealt with any broker, other than Transwestern, and Co-Broker identified on subsequent signature page, regarding the acquisition of the Property, or if it has, the undersigned hereby agrees to indemnify the Owner, the Owner’s Lenders and Transwestern against any compensation, liability or expense, arising from claims by Co-Broker, or any other broker or other party the undersigned had dealings with in connection with the sale of the Property.

The Owner has available for review certain information (“Confidential Information”) concerning the Property. On behalf of the Owner, Transwestern may make such Confidential Information available to the undersigned upon execution of this Confidentiality Statement. The Confidential Information is intended solely for your own limited use in considering whether to pursue negotiations to acquire the Property.

This is not an agreement to sell the Property, nor an offer of sale. No agreement binding upon the Owner of the Property, or any of its associated or affiliated companies, shall be deemed to exist, at law or equity, until the Owner of the Property enters into a formal binding agreement of sale.

The Confidential Information contains brief, selected information pertaining to the business and affairs of the Owner, and has been prepared by Owner and Transwestern, primarily from information supplied by the Owner or Owner’s Agent. It does not purport to be all inclusive or to contain all the information which a prospective purchaser may desire. Neither Transwestern, the Owner nor the Owner’s Lender make any representation or warranty, express or implied, as to the accuracy or completeness of the Confidential Information and no legal liability is assumed or to be implied with respect thereto.

By executing this Confidentiality Statement you agree that the Information provided is confidential, that you will hold and treat it in the strictest of confidence, and that you will not disclose or permit anyone else to disclose the Information to any person, firm or entity without prior written authorization of the Owner and Transwestern except that the information may be disclosed to your partners, employees, legal counsel and lenders or pursuant to a court order. Owner expressly reserves the right in its sole discretion to reject any or all proposals or expressions or interest in the property and to terminate discussions with any party at negotiations you hereby agree to return the Confidential Information to Transwestern.


On Behalf of Prospective Purchaser: Co-Broker (if any)

Company: Company:

Address: Address:

City: City:

State: ZIP: State: ZIP:

Phone: Phone:

Fax: Fax:

E-mail: E-mail:

By: By:

Its: Its:

Date: Date:

Signature: Signature:


Information About Brokerage ServicesBefore 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 br ker’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.

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

01A TREC No. OP-K

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

Transwestern | 1900 West Loop South, Suite 1300 | Houston, TX 77027 | P: 713.270.7700 | www.twhoustonretail.comThe information contained herein was obtained from sources believed reliable. However, Transwestern makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

Micha van Marcke, CCIMSenior Vice [email protected]

713.272.1231

Chace HenkeVice President [email protected]

713.272.1274

FOR INFORMATION CONTACT:

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