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PIONEER PLAZA

MESQUITE, TX

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2This 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

PRICING & FINANCIAL ANALYSIS

Offering SummaryPrice $4,960,000

Cap Rate 7.75%

Net Operating Income $384,456

Price PSF $96.52

Occupancy 81.5%

Year Built/Year Renovated 1994/2000

Gross Leasable Area 51,390 SF

Lot Size 4.88 Acres

Pioneer Plaza1200 E Davis StMesquite, TX 75149

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PRICING & FINANCIAL ANALYSIS

expenSeS Current pSfReal Estate Taxes $75,171 $1.46

Insurance $27,849 $0.54

CAM

Maintenance $22,803 $0.44

Repairs (Plumbing/Roof/AC/Parking lot) $19,309 $0.38

Utilities $38,973 $0.76

Total CAM $81,085 $1.58

Management Fee (% of GPI) 3.50% $20,629 $0.40

TOTAL EXPENSES $204,734 $3.98

inCOme & expenSeS Current pSfBase Rent - Occupied Space (81.5%) $511,955 $12.22

Base Rent - Vacant Space (18.5%) $0.00 $0.00

GROSS POTENTIAL RENT $511,955 $9.96

Expense Reimbursements

Real Estate Tax Reimb. $29,416 $0.57

Insurance Reimb. $10,277 $0.20

CAM Reimb. $29,924 $0.58

Mgmt./Admin. Fee Reimb. $7,610 $0.15

Total Expense Reimbursements $77,228 $1.50

GROSS POTENTIAL REVENUE $589,183 $11.46

Vacancy Factor 0.00% $0.00 $0.00

EFFECTIVE GROSS REVENUE $589,183 $11.46

Expenses

Real Estate Taxes ($75,171) ($1.46)

Insurance ($27,849) ($0.54)

CAM ($81,085) ($1.58)

Mgmt. Fee (% of GPI) 3.50% ($20,621) ($0.40)

Total Expenses ($204,727) ($3.98)

NET OPERATING INCOME $384,456 $7.48

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RENT ROLL

Suite tenant Sq ft% Of Sq ft

Start endannual

rentpSf eSCalatiOn

dateeSCalatiOn

amOuntleaSetype

101A Vacant 1,100 2.1% - - - - - - - -

101B Vacant 1,700 3.3% - - - - - - - -

104 & 105 Boomer Jack Wings 2,975 5.8% 11/1/2003 9/30/2020 $41,650 $14.00 - - - NNN

103 Major League Driving School 1,475 2.9% 8/1/2008 6/30/2018 $19,200 $13.02 - - - N-BY 2008

106 Smile Donut Shop 1,300 2.5% 11/1/1999 5/31/2020 $19,900 $15.31 6/1/2018 $15.69 1 x 5 NN-BY 2005

107 Mesquite Laundromat 2,650 5.2% 2/1/2018 7/31/2022 $21,200 $8.00 8/1/2022 MKT 1 x 5 NNN

108 Real Mexican Tacos 2,550 5.0% 2/15/2015 6/30/2021 $24,996 $9.80 7/1/2017 $10.54 1 x 5 NNN

111 Golden Era Barbershop 1,300 2.5% 10/1/2015 9/30/2018 $15,600 $12.00 10/1/2018 MKT 1 x 3 NNN

113 Total Care Family Practice 1,300 2.5% 4/1/2013 12/31/2020 $20,200 $15.54 1/1/2018 $15.92 - Gross

114 Best Buy Smokes 1,300 2.5% 4/1/2016 3/31/2021 $21,600 $16.62 4/1/2021 MKT 1 x 3 NNN-BY 2016

115 Parcel Express 1,300 2.5% 1/1/2001 9/30/2020 $19,800 $15.23 10/1/2019 MKT 1 x 3 N-BY 2016

116 Burger Style Café 2,600 5.1% 3/1/2016 2/28/2021 $42,000 $16.15 3/1/2021 MKT 1 x 5 Gross

117 Martial Arts 2,600 5.1% 6/1/2017 5/31/2020 $31,200 $12.00 6/1/2019 $12.46 1 x 3 Gross

119 Grand Sun Massage 1,300 2.5% 9/1/2017 8/31/2020 $15,600 $12.00 9/1/2019 $12.50 1 x 3 NNN

120 Nail Time Salon 1,300 2.5% 2/1/1999 11/30/2017 $21,600 $16.62 12/1/2017 MKT 1 x 3 N-BY 2008

122 & 124 First Cici's Pizza 8,247 16.0% 12/1/1993 10/31/2019 $93,000 $11.28 11/1/2019 MKT 1 x 5 Gross

125 - 127 Vacant 6,703 13.0% - - - - - - - -

128 Maria Bonita Beauty Salon 860 1.7% 5/30/2014 6/30/2019 $10,470 $12.17 7/1/2017 $12.87 1 x 3 NNN

130 Anytime Fitness 6,080 11.8% 2/1/2016 1/31/2021 $48,640 $8.00 2/1/2021 MKT 2 x 5 NNN

132 Cellular USA/Metro PCS 1,500 2.9% 6/1/2006 10/31/2019 $22,800 $15.20 11/1/2019 MKT 1 x 5 Gross

134 Subway 1,250 2.4% 7/1/2001 6/30/2021 $22,500 $18.00 7/1/2021 MKT 1 x 5 NNN

Occupied 41,887 (81.5%) $511,955 $9.96

Vacant 9,503 18.5%

Total 51,390 100.0%

Lease Notes:1. Anytime Fitness - 2 x 5 year Options at MKT rent but not to exceed and $0.25 Increase from the prior year rent.

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TENANT INFORMATION

Anytime Fitness is a 24-hour health and fitness club with over 3,000 franchised locations in 20 countries. The facilities are open 24-hours a day, 265 days a year. According to Forbes, Anytime Fitness was the fastest growing health club franchise in 2014. In 2015, Entrepreneur Magazine ranked Anytime Fitness first on its global franchise list.

tenant OverviewTenant Anytime Fitness

Ownership Private

Number of Locations 3,000+

Years In Business 15 Years

Headquarters Woodbury, Minnesota

Website www.anytimefitness.com

Subway IP Inc. is a privately held American fast food restaurant franchise that primarily sells submarine sandwiches (subs) and salads. It is owned and operated by Doctor’s Associates Inc., doing business as Subway IP Inc. Subway is one of the fastest growing franchises in the world, with 44,852 restaurants in 112 countries and territories as of September 11, 2016. The United States alone has 26,646 outlets. It is the largest single-brand restaurant chain and the largest restaurant operator in the world.

tenant OverviewTenant Cici’s Pizza

Ownership Private

Number of Locations 500+


Headquarters Plano, TX

Website www.cicis.com

tenant OverviewTenant Subway

Ownership Private

Number of Locations 44,000+


Headquarters Milford, CT

Website www.subway.com

Cicis is an American buffet restaurant chain headquartered in Plano, Texas. In 2015, the company began a new marketing campaign, dropping the “Pizza” and renaming the company to just Cicis. The campaign is aimed at proving Cicis offers more than just pizza. Cicis currently has more than 500 franchised and corporately owned restaurants in 35 states.

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INVESTMENT HIGHLIGHTS

• Neighborhood Center With Leasing Upside - Currently 81.5% Occupied

• Value Add Potential – Below Market Rents & Ability to Convert All Leases to NNN

• Priced Below Replacement Cost - $96 psf

• Complementary Mix of National, Regional and Local Tenants with Staggered Lease Turnover

• Average Suite Size is 2,200 sqft with Average Rents Between $12-16 psf (Replaceable)

• Close Proximity to Mesquite High School (2,800+ Students) & Adjacent to The Learning Center – Mesquite ISD

• Surrounding Retailers Include Walgreens, CVS, H&R Block, Wells Fargo, Kroger, Sonic and Many More

• Population in 5-Mile Radius Exceed 200,600 People - Close to 9% Growth in Last Several Years

• Average Household Income in 1 Mile is More Than $77,000

• Traffic Counts on E Davis Street Exceed 19,700 Vehicles Per Day

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SITE PLAN

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AERIAL MAP

MesquiteIndependent

School

Pep BoysDistribution

Center

MesquiteHigh School

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LOCAL MAP

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REGIONAL MAP

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MARKET SUMMARY

DALLAS, TXThe city of Mesquite is a suburb located east of Dallas, Texas. Most of the city is located in Dallas County. As of the 2015 census, the population was 144,788 making it the twentieth most populous city in the state of Texas. Mesquite is positioned in the crossroads of four major highways, (Interstate 30, 635, 20 and U.S. Highway 80), making places such as; Downtown Dallas, Lake Ray Hubbard, Dallas Love Field and DFW International airports, accessible. The DFW Metroplex has strongsubmarket occupancy rates, is home to moreshopping centers per capita and has one of thelargest concentrations of corporate headquartersfor publicly traded companies in the United States.

The city of Dallas has the largest economic center of the12-county Dallas–Fort Worth–Arlington metropolitanarea, which had a population of 6,810,913 people asof July 1, 2013. In 2013, the metropolitanarea led the nation with the largest year-over-yearincrease in employment, and advanced to becomethe fourth-largest employment center in the nationwith more than three million non-farm jobs. In thelatest rankings released in 2013, Dallas was rated

as a “beta plus” world city by the Globalizationand World Cities Study Group & Network. Dallasis also ranked 14th in world rankings of GDP bythe Organization for Economic Co-operation andDevelopment. The Dallas-Fort Worth Metroplexhas one of the largest concentrations of corporateheadquarters for publicly traded companies in theUnited States. The city of Dallas has 12 Fortune 500companies, and the DFW region as a whole has 20.

Dallas is the best-ranked city on the RegulatoryClimate Index thanks to its efficient local regulations.Entrepreneurs and small businesses can expect awelcoming business environment across all fiveareas of local regulation. Dallas scores above averageacross each meaningful measure of an interactionthat a business has with a local governmentagency through procedure, time, and cost. Theserankings reflect the city’s continuing efforts todevelop programs and initiatives to strengthen thebusiness environment, provide access to capital, andencourage economic growth at the local level.

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DEMOGRAPHIC STATISTICS

Radius 1 Mile 3 Mile 5 MilePopulation:

2022 Projection 14,489 79,788 206,8962017 Estimate 13,793 75,896 195,4792010 Census 13,236 72,508 179,297Growth 2017-2022 5.05% 5.13% 5.84%Growth 2010-2017 4.21% 4.67% 9.03%2017 Population Hispanic Origin 3,731 23,102 77,286

2017 Population by Race:White 9,849 50,613 132,636Black 2,618 18,910 48,678Am. Indian & Alaskan 119 781 2,583Asian 839 3,806 7,463Hawaiian & Pacific Island 12 105 207Other 356 1,682 3,912U.S. Armed Forces: 0 22 90

Households:2022 Projection 4,756 26,217 67,4522017 Estimate 4,527 24,929 63,6962010 Census 4,340 23,782 58,290Growth 2017 - 2022 5.06% 5.17% 5.90%Growth 2010 - 2017 4.31% 4.82% 9.27%Owner Occupied 3,606 17,716 40,517Renter Occupied 921 7,213 23,179

2017 Avg Household Income (National Avg - $75,558) $77,982 $73,358 $63,489 2017 Med Household Income (National Med - $53,889) $65,441 $60,382 $49,791 2017 Households by Household Inc:

<$25,000 847 4,441 14,638$25,000 - $50,000 874 5,952 17,349$50,000 - $75,000 893 5,321 12,812$75,000 - $100,000 531 3,225 7,809$100,000 - $125,000 688 2,696 5,346$125,000 - $150,000 299 1,329 2,203$150,000 - $200,000 282 1,310 2,351$200,000+ 113 654 1,188

Demographic data © CoStar 2017

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

Before 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

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.

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

Information About Brokerage Servicesthe 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:

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.

(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.

exclusively listed

469.844.8880 | STRIVERE.COM

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