1

5101I N V ES T M E N T S A LE T O P G O L F S H A D O W E D R E TA I L C E N T E R

5 1 0 1 H i g h w a y 1 2 1 , T h e C o l o n y, T E X A S 7 5 0 5 6

A N D R E W S H A W

M A R K E T D I R E C T O R

2 1 4 . 7 0 8 . 2 7 9 7 M O B I L E

2 1 4 . 2 5 6 . 7 1 0 4 D I R E C T

A S H A W @ N A I R L R E TA I L . C O M

C O N F I D E N T I A L O F F E R I N G

M E M O R A N D U M P R E S E N T E D B Y:

• 1 0 0 % L E A S E D W I T H L O N G - T E R M T E N A N T S

• T R O P H Y A S S E T I N B O O M I N G S U B - M A R K E T

• H I G H D E M O G R A P H I C S

K E L L I D E L O Z I E R , C P M A C o M

PA R T N E R - M A N A G E M E N T D I V I S I O N

2 1 4 . 2 5 6 . 7 1 6 3 D I R E C T

K D E L O Z I E R @ R O B E R T LY N N . C O M

2

I N V ES T M E N T S A LE 5 1 0 1 H I G H WAY 1 2 1 , T H E C O L O N Y, T E X A S 7 5 0 5 6

TH IS OFFER ING MEMORANDUM HAS BEEN

PREPARED BY BROKER FOR USE BY THE

PR INC IPAL ( “PR INC IPAL” ) TO WHOM BROKER HAS

PROV IDED TH IS OFFER ING MEMORANDUM. THE

USE OF TH IS OFFER ING MEMORANDUM AND THE

INFORMAT ION PROV IDED HERE IN IS SUBJECT TO

THE TERMS, PROV IS IONS AND L IM ITAT IONS OF

THE CONF IDENT IAL ITY AGREEMENT FURNISHED

BY BROKER AND EXECUTED BY PR INC IPAL PR IOR

TO DEL IVERY OF TH ISOFFER ING MEMORANDUM.

ALTHOUGH THE INFORMAT ION CONTA INED

HERE IN IS BASED UPON SOURCES BEL IEVED

TO BE REASONABLY REL IABLE, OWNER AND

BROKER, ON THE IR OWN BEHALF, AND ON

BEHALF OF THE IR RESPECT IVE OFF ICERS,

EMPLOYEES, SHAREHOLDERS, PARTNERS,

D IRECTORS, MEMBERS AND AFF IL IATES,

D ISCLA IM ANY RESPONSIB IL ITY OR L IAB IL ITY

FOR INACCURACIES, REPRESENTAT IONS

AND WARRANT IES (EXPRESSED OR IMPL IED)

CONTA INED IN , OR OMITTED FROM, THE

OFFER ING MEMORANDUM OR ANY OTHER

WRITTEN OR ORAL COMMUNICAT ION OR

INFORMAT ION TRANSMITTED OR MADE

AVA ILABLE TO THE REC IP IENT OF TH IS

OFFER ING MEMORANDUM. IN AMPL IF ICAT ION

OF AND WITHOUT L IM IT ING THE FOREGOING,

SUMMARIES CONTA INED HERE IN OF ANY LEGAL

OR OTHER DOCUMENTS ARE NOT INTENDED

TO BE COMPREHENSIVE STATEMENTS OF THE

TERMS OF SUCH DOCUMENTS BUT RATHER

ONLY OUTL INES OF SOME OF THE PR INC IPAL

PROV IS IONS CONTA INED THERE IN, AND NO

REPRESENTAT IONS OR WARRANT IES ARE MADE

AS TO THE COMPLETENESS AND/OR ACCURACY

OF THE PROJECT IONS CONTA INED HERE IN.

PROSPECT IVE PURCHASERS OF THE PROPERTY

SHOULD MAKE THE IR OWN INVEST IGAT IONS

AND CONCLUSIONS WITHOUT REL IANCE

UPON TH IS OFFER ING MEMORANDUM, THE

INFORMAT ION CONTA INED HERE IN OR ANY

OTHER WRITTEN OR ORAL COMMUNICAT ION

OR INFORMAT ION TRANSMITTED OR MADE

AVA ILABLE. ADD IT IONAL INFORMAT ION AND AN

OPPORTUNITY TO INSPECT THE PROPERTY WILL

BE MADE AVA ILABLE UPON WRITTEN REQUEST

BY INTERESTED AND QUAL IF IED PROSPECT IVE

PURCHASERS.

OWNER EXPRESSLY RESERVES THE R IGHT,

EXERCISABLE IN OWNER’S SOLE AND ABSOLUTE

D ISCRET ION, TO WITHDRAW THE PROPERTY

FROM BE ING MARKETED FOR SALE AT ANY

T IME AND FOR ANY REASON. OWNER AND

BROKER EACH EXPRESSLY RESERVES THE

R IGHT, EXERCISABLE IN THE IR SOLE AND

ABSOLUTE D ISCRET ION, TO REJECT ANY AND

ALL EXPRESS IONS OF INTEREST OR OFFERS

REGARDING THE PROPERTY AND/OR TO

TERMINATE D ISCUSSIONS WITH ANY ENT ITY

AT ANY T IME WITH OR WITHOUT NOT ICE.

BROKER IS NOT AUTHORIZED TO MAKE ANY

REPRESENTAT IONS OR AGREEMENTS ON

BEHALF OF OWNER. OWNER SHALL NOT HAVE

ANY LEGAL COMMITMENT OR OBL IGAT ION

TO ANY ENT ITY REV IEWING TH IS OFFER ING

MEMORANDUM OR MAK ING AN OFFER TO

PURCHASE THE PROPERTY UNLESS AND UNT IL

A WRITTEN AGREEMENT FOR THE PURCHASE

AND SALE OF THE PROPERTY HAS BEEN FULLY

EXECUTED, DEL IVERED AND APPROVED BY

OWNER AND THE OTHER PARTY THERETO AND

ANY CONDIT IONS TO OWNER’S OBL IGAT IONS

HEREUNDER HAVE BEEN SAT ISF IED OR WA IVED.

3

D I SC LO S U R E

5101

4

PH OTO S

5

A D D R E S S5101 Highway 121

The Colony, Texas 75056

Y E A R C O N S T R U C T E D2015

L O T S I Z E1.37 ACRES

R E N T A B L E B U I L D I N G A R E A• 10,023 SF

PERCENT LEASED:100%

P R I C E$6,025,000

P R I C E P S F$601.12

C A P R A T E5.75%*

N O I$ 346,535.92*

T R A F F I C C O U N T S• State Hwy 121: 121,000 VPD

• Main Street: 39,000 VPD

E X EC U T I V ES U M M A RY

5101*As of 4/1/19

6

FLO O R PL A N

3,778 sf

300

7

A R E A OV ERV I E W

8

R EN T R O L L

Start  End PSF Total8/14/2015 8/13/2020 $39.02 143,983.80$ 8/14/2020 8/13/2025 $40.98 151,200.00$ 8/14/2025 8/31/2030 $43.02 158,760.00$ 8/14/2015 8/31/2020 $32.00 81,760.00$   9/1/2020 8/31/2025 $34.50 88,147.50$   4/1/2018 3/31/2019 $31.50 119,007.00$ 4/1/2019 3/31/2020 $31.97 120,792.12$ 4/1/2020 3/31/2021 $32.45 122,604.00$ 4/1/2021 3/31/2022 $32.94 124,443.06$ 4/1/2022 3/31/2023 $33.43 126,309.71$ 4/1/2023 3/31/2024 $33.93 128,204.35$ 4/1/2024 3/31/2025 $34.44 130,127.42$ 

Total Area: 10,023          $344,750.80Total Leased Area: 10,023          100.00%Total Vacant Area: ‐                0.00% Average PSF: $34.17

Suite Tenant SF % of Property

Freddy's Frozen Custard 3,690           100

Lease Type Renewal OptionsRent Term  Annual Base Rent

36.82% NNNTwo 5‐year at:

Option 1: $45.18 psfOption 2: $47.43 psf

Two 5‐year at:Option1: $34.96 psfOption 2: $37.66 psf

Yearly 1.5% increases in Options

200 LIV Dentistry 2,555            25.49% NNNTwo 5‐year at:

Option 1: $35.00 psf

300Navy Federal Credit 

Union3,778            37.69% NNN

9

F I N A N C I A L OV ERV I E W

CURRENT PSFINCOME FROM OPERATIONSBASE RENT 346,535.92$      34.57$    EXPENSE REIMBURSEMENT INCOME

CAM 28,197.88$        2.81$       INSURANCE 16,687.80$        1.66$       TAX 72,000.00$        7.18$       

EFFECTIVE GROSS REVENUE 463,421.60$      46.24$    OPERATING EXPENSES

COMMON AREA MAINTENANCE 10,442.00$        1.04$       MANAGEMENT FEE (4%) 17,755.88$        1.77$       INSURANCE 16,687.80$        1.66$       TAXES 72,000.00$        7.18$       

TOTAL OPERATING EXPENSES 116,885.68$      11.66$    NET OPERATING INCOME 346,535.92$      34.57$    

CAP RATES at $6,025,000 5.75% 6,025,000.00$  

10

T EN A N TPR O F I L ES

Freddy’s Frozen Custard and Steakburgers Wichita, KS, United States

www.freddysusa.com

LIV Dentistry The Colony, TX, United States

www.livdentristry.com

Entity on Lease DBALocations Ownership Credit Rating Annual Revenue Public/Private

CLS The Colony 121, LLC Freddy’s Frozen Custard and Steakburgers 313 Locations in 30 States Franchise Not Rated PrivatePrivate

Entity on Lease DBALocations Ownership Credit Rating Annual Revenue Public/Private

General and Cosmetic Dentistry, PLLC LIV Dentistry 1 Location PrivateNot Rated PrivatePrivate

Description Freddy's, LLC owns and operates frozen custard and burger restaurants in the United States. The menu includes cake cones, sundaes, toppings, sandwiches, and hot dogs. The company also franchises its restaurants. Freddy's, LLC was founded in 2002 and is based in Wichita, Kansas. It has locations in Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Missouri, Nebraska, Nevada, New Mexico, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Wyoming.

Description LIV Dentistry was founded by Clark Steffens in 2009. LIV Dentistry establishes relationships with patients to provide the best possible expierence by staying up-to-date with the newest techniques and equipment. From digital impressions to laser dentistry to the newest in whitening products, LIV provides an environment that is not only comfortable but cutting edge.

Navy Federal Credit Union Vienna, VA United States

www.navyfederal.org

Entity on Lease DBALocations Ownership Credit Rating Annual Revenue Public/Private

Navy Federal Credit Union Navy Federal Credit Union 281 Branches Corporate Not Rated $89,802,839,148 in Total Assets as of 1st Quarter 2018 Private

Description For 84 years, NFCU has been dedicated to a simple principle: to serve and enrich the lives of the military community by providing a lifetime of guidance and support built on trust and shared values. This philosophy drives everything NFCU does, from the tools developed to the products and services provided. NFCU strives to help members reach their goals, whether it’s opening their first savings account, buying a home or car, or planning for their retirement.

11

DEMOGRAPHIC & INCOME PROFILE

D EM O G R A PH I C S& I N C O M E

1 M ILE 3 M ILE 5 M ILE

2018 Total Population

Population Growth 18-23

2018 Households

Average Household Income

7,253

15.87%

2,688

$89,447

83,560

15.52%

31,434

$97,427

240,632

16.18%

93,935

$89,217

12

A ER I A L

SITE

Blair O

aks Dr

Memorial Dr

TX-121

TX-121

13

A ER I A L

The Colony High School

The Colony Five Star Complex

N Josey Ln

Main S

t

Blair O

aks Dr

Plano Pkwy

Pa

ige

Rd

Pa

ige

Rd

Memoria

l Dr

Memorial D

r

Windhaven Pkwy

Windhaven Pkwy

S. Colony Blvd.

SITE

14

The Colony High School

1,987 Students

The Colony Five StarComplex

Plano Pkwy

Pa

ige

Rd

Windhaven Pkwy

Blair O

aks Dr

S Colony Blvd

Headquarters

300,000 SF Coming 2020

Coming 2019

LegacyWest

Shops at Legacy

4,000 Employees

Master Planned Community700 Acres of Corporate Campuses

Over 2,500 Apartments, Townhouses, Condos and Single-Family Homes

6,000 Employees

1,200 Employees

6,000 Employees

8,000 Employees2,500 Employees

SITE

A ER I A L

15

M A P

16

11-2

-201

5

Inform

ationAboutBrokerageServices

Texa

s law

requ

ires a

ll re

al e

stat

e lic

ense

hol

ders

to g

ive

the

follo

win

g in

form

aon

abo

ut

brok

erag

e se

rvice

s to

pros

pec

ve b

uyer

s, te

nant

s, se

llers

and

land

lord

s.

TYPE

S O

F RE

AL E

STAT

E LI

CEN

SE H

OLD

ERS:

.

• A

BRO

KER

is re

spon

sible

for a

ll br

oker

age

acvi

es, i

nclu

ding

act

s per

form

ed b

y sa

les a

gent

s spo

nsor

ed b

y th

e br

oker

. •

A SA

LES

AGEN

T m

ust b

e sp

onso

red

by a

bro

ker a

nd w

orks

with

clie

nts o

n be

half

of th

e br

oker

.

A BR

OKE

R’S

MIN

IMU

M D

UTI

ES R

EQU

IRED

BY

LAW

(A c

lient

is th

e pe

rson

or p

arty

that

the

brok

er re

pres

ents

): •

Put t

he in

tere

sts o

f the

clie

nt a

bove

all

othe

rs, i

nclu

ding

the

brok

er’s

own

inte

rest

s;

• In

form

the

clie

nt o

f any

mat

eria

l inf

orm

aon

abo

ut th

e pr

oper

ty o

r tra

nsac

on re

ceiv

ed b

y th

e br

oker

; •

Answ

er th

e cl

ient

’s q

ues

ons a

nd p

rese

nt a

ny o

er to

or c

ount

er-o

er fr

om th

e cl

ient

; and

•

Trea

t all

par

es to

a re

al e

stat

e tr

ansa

con

hon

estly

and

fairl

y.

A LI

CEN

SE H

OLD

ER C

AN R

EPRE

SEN

T A

PART

Y IN

A R

EAL

ESTA

TE T

RAN

SACT

ION

:

AS A

GEN

T FO

R O

WN

ER (S

ELLE

R/LA

NDL

ORD

): T

he b

roke

r bec

omes

the

prop

erty

ow

ner's

age

nt th

roug

h an

agr

eem

ent w

ith th

e ow

ner,

usua

lly in

a w

rien

lis

ng t

o se

ll or

pro

pert

y m

anag

emen

t ag

reem

ent.

An o

wne

r's a

gent

mus

t pe

rfor

m t

he b

roke

r’s m

inim

um d

ues

ab

ove

and

mus

t in

form

the

ow

ner

of a

ny m

ater

ial

info

rma

on a

bout

the

pro

pert

y or

tra

nsac

on k

now

n by

the

age

nt,

incl

udin

g in

form

aon

disc

lose

d to

the

agen

t or s

ubag

ent b

y th

e bu

yer o

r buy

er’s

agen

t.

AS A

GEN

T FO

R BU

YER/

TEN

ANT:

The

bro

ker

beco

mes

the

buye

r/te

nant

's ag

ent b

y ag

reei

ng to

rep

rese

nt th

e bu

yer,

usua

lly th

roug

h a

wri

en re

pres

enta

on a

gree

men

t. A

buye

r's a

gent

mus

t per

form

the

brok

er’s

min

imum

du

es a

bove

and

mus

t inf

orm

the

buye

r of a

ny

mat

eria

l inf

orm

aon

abo

ut th

e pr

oper

ty o

r tra

nsac

on k

now

n by

the

agen

t, in

clud

ing

info

rma

on d

isclo

sed

to th

e ag

ent b

y th

e se

ller o

r se

ller’s

age

nt.

AS A

GEN

T FO

R BO

TH -

IN

TERM

EDIA

RY:

To a

ct a

s an

inte

rmed

iary

bet

wee

n th

e pa

res

the

bro

ker

mus

t rs

t ob

tain

the

wri

en

agre

emen

t of

eac

h pa

rty

to t

he t

rans

acon

. The

wri

en a

gree

men

t m

ust

stat

e w

ho w

ill p

ay t

he b

roke

r an

d, in

con

spic

uous

bol

d or

un

derli

ned

prin

t, se

t for

th th

e br

oker

's ob

liga

ons a

s an

inte

rmed

iary

. A b

roke

r who

act

s as a

n in

term

edia

ry:

• M

ust t

reat

all

par

es to

the

tran

sac

on im

par

ally

and

fairl

y;

• M

ay, w

ith t

he p

ares

' wri

en c

onse

nt, a

ppoi

nt a

di

eren

t lic

ense

hol

der

asso

ciat

ed w

ith t

he b

roke

r to

eac

h pa

rty

(ow

ner

and

buye

r) to

com

mun

icat

e w

ith, p

rovi

de o

pini

ons a

nd a

dvic

e to

, and

car

ry o

ut th

e in

stru

con

s of e

ach

part

y to

the

tran

sac

on.

• M

ust n

ot, u

nles

s spe

cica

lly a

utho

rized

in w

ring

to d

o so

by

the

part

y, d

isclo

se:

that

the

owne

r will

acc

ept a

pric

e le

ss th

an th

e w

rien

ask

ing

pric

e;

that

the

buye

r/te

nant

will

pay

a p

rice

grea

ter t

han

the

pric

e su

bmi

ed in

a w

rien

oer

; an

d an

y co

nde

nal

inf

orm

aon

or

any

othe

r in

form

aon

tha

t a

part

y sp

eci

cally

ins

truc

ts t

he b

roke

r in

wri

ng n

ot t

o di

sclo

se, u

nles

s req

uire

d to

do

so b

y la

w.

AS S

UBA

GEN

T: A

lice

nse

hold

er a

cts

as a

sub

agen

t w

hen

aidi

ng a

buy

er in

a t

rans

acon

with

out

an a

gree

men

t to

rep

rese

nt t

he

buye

r. A

suba

gent

can

ass

ist th

e bu

yer b

ut d

oes n

ot re

pres

ent t

he b

uyer

and

mus

t pla

ce th

e in

tere

sts o

f the

ow

ner

rst.

TO A

VOID

DIS

PUTE

S, A

LL A

GREE

MEN

TS B

ETW

EEN

YO

U A

ND

A BR

OKE

R SH

OU

LD B

E IN

WRI

TIN

G AN

D CL

EARL

Y ES

TABL

ISH:

•

The

brok

er’s

du

es a

nd re

spon

sibili

es to

you

, and

you

r obl

iga

ons u

nder

the

repr

esen

taon

agr

eem

ent.

• W

ho w

ill p

ay th

e br

oker

for s

ervi

ces p

rovi

ded

to y

ou, w

hen

paym

ent w

ill b

e m

ade

and

how

the

paym

ent w

ill b

e ca

lcul

ated

.

LICE

NSE

HO

LDER

CO

NTA

CT IN

FORM

ATIO

N: T

his

noce

is b

eing

pro

vide

d fo

r inf

orm

aon

pur

pose

s. It

doe

s no

t cre

ate

an o

blig

aon

for

you

to u

se th

e br

oker

’s se

rvic

es. P

leas

e ac

know

ledg

e re

ceip

t of t

his n

oce

bel

ow a

nd re

tain

a c

opy

for y

our r

ecor

ds.

Lice

nsed

Bro

ker /

Brok

er F

irm N

ame

or

Prim

ary

Assu

med

Bus

ines

s Nam

e

Lice

nse

No.

Em

ail

Phon

e

Desig

nate

d Br

oker

of F

irm

Lice

nse

No.

Em

ail

Phon

e

Lice

nsed

Sup

ervi

sor o

f Sal

es A

gent

/As

soci

ate

Lice

nse

No.

Em

ail

Phon

e

Sale

s Age

nt/A

ssoc

iate

’s N

ame

Lice

nse

No.

Em

ail

Phon

e

Regu

late

d by

the

Texa

s Rea

l Est

ate

Com

miss

ion

Buy

er/T

enan

t/Sel

ler/L

andl

ord

Initi

als

Info

rma

on a

vaila

ble

at w

ww

.trec

.texa

s.gov

IA

BS 1

-0

Dat

e

Rob

ert L

ynn

Com

pany

Mar

k M

iller,

SIO

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Dan

Avn

ery

And

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17

A N D R E W S H A W

M A R K E T D I R E C T O R

2 1 4 . 7 0 8 . 2 7 9 7 M O B I L E

2 1 4 . 2 5 6 . 7 1 0 4 D I R E C T

A S H A W @ N A I R L R E TA I L . C O M

K E L L I D E L O Z I E R , C P M , A C o M

PA R T N E R - M A N A G E M E N T D I V I S I O N

2 1 4 . 2 5 6 . 7 1 6 3 D I R E C T

K D E L O Z I E R @ R O B E R T LY N N . C O M