15
14741 MEMORIAL DRIVE 15455 MEMORIAL DRIVE HOUSTON, TEXAS & Strip Retail Portfolio Strip Retail Portfolio Holliday GP Corp. ("HFF"), a Texas licensed real estate broker.

14741 MEMORIAL DRIVE 15455 MEMORIAL DRIVE€¦ · 14741 MEMORIAL DRIVE 15455 MEMORIAL DRIVE 15455 MEMORIAL DRIVE 14751 MEMORIAL DRIVE PORTFOLIO LOCATION 15455 Memorial Dr., Houston,

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Page 1: 14741 MEMORIAL DRIVE 15455 MEMORIAL DRIVE€¦ · 14741 MEMORIAL DRIVE 15455 MEMORIAL DRIVE 15455 MEMORIAL DRIVE 14751 MEMORIAL DRIVE PORTFOLIO LOCATION 15455 Memorial Dr., Houston,

14741 MEMORIAL DRIVE15455 MEMORIAL DRIVE

H O U S T O N , T E X A S&

Strip Retail PortfolioStrip Retail Portfolio

Holliday GP Corp. ("HFF"), a Texas licensed real estate broker.

Page 2: 14741 MEMORIAL DRIVE 15455 MEMORIAL DRIVE€¦ · 14741 MEMORIAL DRIVE 15455 MEMORIAL DRIVE 15455 MEMORIAL DRIVE 14751 MEMORIAL DRIVE PORTFOLIO LOCATION 15455 Memorial Dr., Houston,

MEM

ORIA

L DR

IVE

MEM

ORIA

L DR

IVE

IH-10 | KATY FREEWAY

IH-10 | KATY FREEWAY

HIGHWAY 6HIGHWAY 6

MEMORIAL ASHFORDTOWNHOMES

MEMORIAL ASHFORDTOWNHOMES

SHEFFIELD SQUARESHEFFIELD SQUARE

THORNWOOD NEIGHBORHOOD$350K - $900K HOME VALUE

THORNWOOD NEIGHBORHOOD$350K - $900K HOME VALUE

ELDRIDGE PLACEELDRIDGE PLACE

WEST MEMORIALPLACE ISEIMENS

WEST MEMORIALPLACE ISEIMENS

OXCCIDENTAL PETROLEUMGLOBAL HQ

OXCCIDENTAL PETROLEUMGLOBAL HQ

ENERGY CENTERCONOCO PHILLIPS GLOBAL HQ)

ENERGY CENTERCONOCO PHILLIPS GLOBAL HQ)

BP NORTH AMERICA HQBP NORTH AMERICA HQ

DOMAIN MEMORIAL 313 UNITS

DOMAIN MEMORIAL 313 UNITS

AURA MEMORIAL 288 UNITS

AURA MEMORIAL 288 UNITS

7SEVENTY320 UNITS7SEVENTY320 UNITS

15455 MEMORIAL DRIVE

14741 MEMORIAL DRIVE

REPUBLIC SQUAREFUTURE 35-ACRE MULTI-TENANT,

MIXED-USE DEVELOPMENT

REPUBLIC SQUAREFUTURE 35-ACRE MULTI-TENANT,

MIXED-USE DEVELOPMENT

TRANSOCEAN US HQTRANSOCEAN US HQ

KBR, INC.KBR, INC.

SYSCO GLOBAL HQSYSCO GLOBAL HQ

MEMORIAL THICKETT$500K- $800K HOME VALUE

MEMORIAL THICKETT$500K- $800K HOME VALUE

THE PROPERTIES ARE AVAILABLE FOR PURCHASE INDIVIDUALLY OR AS A PORTFOLIO.

2

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I N V E S T M E N T S U M M A R Y1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

3

LOCATION: 14741-14785 Memorial Dr., Houston, TX 77079 15455 Memorial Dr., Houston, TX 77079

GROSS LEASABLE AREA 46,014 SFLAND AREA 3.63 acresOCCUPANCY 84.50%PARKING 240 spaces

PROPERT Y OVERVIEW

WTD. AVERAGE REMAINING LEASE TERM: 3.1 Years5-YEAR CAGR: 10.1%10-YEAR CAGR: 6.1%PERCENT BELOW MARKET: 17.8%WITHIN 5 YEARS OF OPERATION: 64.2%

FINANCIAL OVERVIEW

PORTFOLIO TENANT MIX PORTFOLIO NOI GROW TH

52% Food / Beverage

23%Health /

Beauty

10%Personal Finance

7%Laundry

2%Gym

5%Mail

15455 Memorial 14741 Memorial

In-Place

10.1% 5-Year CAGR 6.1% 10-Year CAGR

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

L ARGEST TENANTS (TOP 10)

TENANT PROPERTY NRA % OF PROPERTYLA HACIENDA 14741 5,551 12.1%CAFE BENEDICTE 15455 4,784 10.4%FROST 15455 3,000 6.5%NAPOLI PIZZA & BURGERS 14741 2,450 5.3%PHO CRAB 14741 2,250 4.9%EDGE DENTAL 15455 2,084 4.5%VELLISIMO SALON & SPA 14741 1,800 3.9%MEMORIAL POST CENTER 14741 1,800 3.9%JACQUELINES' DAY SPA 15455 1,563 3.4%9 ROUND 15455 1,484 3.2%

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I N V E S T M E N T S U M M A R Y1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

• S IGNIFICANT UPSIDE POTENTIAL (14741 MEMORIAL DRIVE) – Currently 77.3% leased, 14741 Memorial Drive offers investors the opportunity to substantially increase NOI via the lease-up of 7,117 SF of vacancy as well as bringing rents to market rates upon lease expiration of current tenants.

• MUST HAVE RETAIL CORRIDOR (14741 MEMORIAL DRIVE) – 14741 Memorial Drive is surrounded by destination retailers such as HEB Curbside Pickup & Home Delivery, Randall’s, Kroger, and Spec’s Liquor

• STABLE IN-PLACE RETURNS (15455 MEMORIAL DRIVE) – 100% occupied with 5 years of weighted average remaining lease term (WALT), 15455 Memorial Drive produces strong cash-on-cash returns due to stable in place cash flow with minimal leasing capital requirements.

• RECENTLY RENOVATED (15455 MEMORIAL DRIVE) – The property experienced a full renovation after taking on water in the aftermath of Hurricane Harvey due to the City of Houston’s decision to release water from the reservoirs just west of the property. The building did not flood during the actual storm and all tenants returned after remediation.

• PROMINENT WEST HOUSTON LOCATION – Whether purchased individually or as a portfolio, the Properties provide investors the ability to acquire assets surrounded by institutional owners and affluent executive housing.

• BELOW MARKET RENTS – In place rents across both properties are an estimated 17.8% below market, providing the opportunity to increase yield as tenants roll over

• PHENOMENAL RETAIL CORRIDOR FUNDAMENTALS – Containing nearly 1 million square feet of rentable area, the Memorial Drive retail corridor is 96.9% occupied, which slightly outperforms the Houston retail market as a whole.

• HIGH PERFORMING HOUSTON RETAIL MARKET – Currently 94.6% occupied, the Houston Retail Market is the second most occupied product type in the MSA, trailing Industrial by a mere 0.10%.

• PROXIMITY TO GLOBAL ENTERPRISE – The Portfolio is surrounded by the international and domestic headquarters of the world’s largest energy companies such as Conoco Philips, Occidental Petroleum, BP North America, and Shell Oil Company as well as other Fortune 500 office users such as Sysco Foods and Gulf States Toyota.

• AFFLUENT, WELL-EDUCATED RESIDENTIAL POPULATION – Exceptional average household incomes upwards of $118,000 due to a highly educated population in which over 33% of residents possess a bachelor’s degree or higher (11% higher than the national average)

• HIGH SURROUNDING POPULATION GROWTH – The Memorial Retail Corridor has exhibited a consistently high rate of growth in recent years as multi-family developments have become more prevalent, resulting in 27.1% household growth since 2000 as well as a 5-year growth forecast of 8%. In 2018 alone, the submarket added 1,190 units.

• #1 IN NATIONWIDE JOB GROWTH – In the 12 months trailing November 2018 the Houston MSA gained 101,800 jobs, more than any other market in the country

• HIGHEST PERFORMING RETAIL MARKET IN THE COUNTRY – #1 in Retail Investment Returns on 7-year and 10-Year Hold Basis according to The National Council of Real Estate Investment (NCREIF). Houston retail fundamentals remain strong driven by nation leading employment and population growth.

14741 MEMORIAL DRIVE

15455 MEMORIAL DRIVE

15455 MEMORIAL DRIVE 14751 MEMORIAL DRIVE PORTFOLIO

LOCATION 15455 Memorial Dr., Houston, TX 77079

14741-14785 Memorial Dr., Houston, TX

YEAR BUILT/ RENOVATED 2004/ 2018 1967-1970/ 2018 GROSS LEASABLE AREA 14,656 SF 31,358 SF 46,014 SF LAND AREA 1.14 acres 2.49 acres 3.63 acresOCCUPANCY 100% 77.3% 84.50%PARKING 78 spaces (5.3/1000 SF) 162 Spaces (5.2/1000 SF) 240 spacesTRAFFIC COUNT (VPD)

Memorial: 20,180 Memorial: 22,730 Dairy Ashford: 32,400

WTD. AVERAGE REMAINING LEASE TERM 5.0 Years 2.6 Years 3.1 Years

5-YEARS CAGR 3.6% 14.1% 10.1%10-YEAR CAGR 3.4% 7.8% 6.1%PERCENT BELOW MARKET 14.0% 20.5% 17.8%ROLLOVER WITHIN 5 YEARS OF OPERATION 59.6% 66.3% 64.2%

4

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ABUNDANT INVESTMENT AND FUTURE MOMENTUM

1

2 3 4 5

6

810

1112

1314

16

17 18

19 20

21 22

25 2728 29

3026

32 31

33

34

Lifestyle Amenities KeyMajor EmployersAddicks Park & RideGrocery OptionsSchoolsParks And Undevelopable LandFitness (Top Golf And La Fitness Gym)Housing Prices Average $500K+Housing Prices Average $400KsHousing Prices Average $300Ks

15 MEMORIAL DR

N DAIRY ASHFORD RD

ELDR

IDGE

DR

GEORGE BUSH PARK & BARKER RESERVOIR

TERRY HERSHEYPARK

ADDICKS RESERVOIR

BUFFALO BAYOU

MCDERMOTT350K SF

(New Lease)

CONOCOPHOILLIPSGLOBAL HQ

BP NORTH AMERICA HQ

100K SF (New Lease) S&B ENGINEERS

75K-100K SF (New Lease)

TRANSOCEAN U.S. HQ300-350K SF (New Lease)

SYSCO GLOBALHQ

SCHLUMBERGER235K SF

(Renewal and Expansion)

14741 MEMORIAL DRIVE

15455 MEMORIAL DRIVE

Explosive growth in West Houston experienced over the last decade, largely fueled by the westward migration of Houston’s middle class, has incentivized several of Houston’s most prominent employers to relocate their headquarters to the Energy Corridor. Today the Energy Corridor is a premier investment locale with ample institutional investment, more than any other suburban area outside Houston’s central core. The demographics and amenities are comparable to core locations, as are the limited amount of land for new development and strong momentum in the commercial markets.

2.4 to 2.5 Million SF in New Office Leases in the Energy Corridor in 2018

9

2324

OCCIDENTAL PETROLEUM CORP GLOBAL HQ1.4 Million SF (New Lease)

7

Institutional Owners1 VEREIT 18 Piedmont

2 Lexington 19 Franklin Street

3 American Realty Capital 20 Gramercy

4 USAA 21 AMLI

5 Spear Street 22 Azrieli

6 American Realty Advisors 23 Griffith Properties

7 Franklin Street 24 Ohio PERS

8 Invesco 25 Blackrock

9 Invesco 26 Mill Creek

10 PIMCO 27 White Oak

11 Interventure 28 Bentall Kennedy

12 Principal 29 Monogram

13 AEW 30 Piedmont

14 Capri Capital 31 Monogram

15 TIER REIT 32 CIGNA

16 AEW 33 TIAA CREF

17 Blackstone 34 GID

L O C A T I O N O V E R V I E W1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

5

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L O C A T I O N O V E R V I E W1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

6

LakeHouston

San Jacinto

Bay

SheldonReservoir

GalvestonBay

BayportTerminal

Barbour’s CutTerminal

SmithersLake

ClearLake

George BushPark

LakeHouston

State Park

ArmandBayouPark

WilliamP. HobbyAirport

George BushIntercontinentalAirport

HARRISCOUNTY

LIBERTYCOUNTY

FORT BENDCOUNTY

MONTGOMERYCOUNTY

BRAZORIACOUNTY

GALVESTONCOUNTY

Downtown

The GalleriaWestchase

Greenspoint

The Woodlands

TexasMedical Center

69

69

69

Westpark Tollway

Katy Frwy

Southwest F

rwy

Northwest Frwy

North Frwy

Hardy Toll RoadEa

stex

Frw

y

North Loop

LoopSouth

Wes

t Loo

p

East

Loo

p

Sam Houston Tollway

Sam Houston Pkwy

ExxonMobilCorporate Headquarters

Pasadena Frwy

Baytown East Frwy

Sout

h Fr

wy

Fort

Pkwy

Gulf Frwy

Proposed

GrandPkwy

Proposed Grand Pkwy

Westheimer Rd

Beaumont Hwy

Ben

d

Grand Pkwy

15455 MEMORIAL DRIVE 14741 MEMORIAL DRIVE

Westpark Tollway

Sam H

ouston Tollway

Eldr

idge

Pkw

y

Old

Add

icks

- H

owel

l Rd

How

ell-S

ugar

land

Rd

Dai

ry A

shfo

rd R

dD

airy

Ash

ford

Rd

S K

irkw

ood

Rd

Old

Wes

thei

mer

Rd

Kirkwood Rd

Wilc

rest

Dr

Ges

sner

Rd

Ges

sner

Dr

Bin

gle

Rd

Voss RdHillcroft Ave

Fountain View Dr

Chim

ney

Rock

Rd

Chim

ney

Rock

Rd

Wirt

Rd

S G

essn

er R

d

Fond

ren

Rd

Bla

lock

Rd

Wilc

rest

Dr

Eldr

idge

Pkw

y

Enclave Pkwy

Eldr

idge

Pkw

y

Bar

ker C

ypre

ss R

d

Gre

enho

use

Rd

Saums Rd

Kingsland Blvd

Long Point Rd

Hammerly Blvd

S B

arke

r Cyp

ress

Rd

Har

lem

Rd

Westheimer Pkwy

Westheimer Rd

Westheimer Rd

Briar Forest Dr

Briar Forest Dr

San Felipe

Woodway Dr

Memor

ial D

r

Memorial Dr

Memorial Dr

Westpark Dr

Westpark Dr

Richmond Ave

Beechnut St

Beechnut St

Bissonnet St

Bellaire Blvd

Bellaire Blvd

Richmond Ave

Westheimer Rd

George Bush Park

Cullen Park

Terry HershyPark

LakesideCountry Club

Barker Reservior

Addicks Reservior

Energy Corridor

Westchase

Royal OaksCountry Club

AgnesMoffit Park

NottinghamPark

BaylandPark

Burnett Bayland Park

Town & Country Village

Texas parGolf Academy

SharpstownGolf Course

HoustonCountry Club

6

6

West HoustonMedicalCenter

Memorial HermanMemorial City

Hospital

MemorialHospital Southwest

Memorial CityShopping Center

Park Ten

West OaksMall

SharpstownCenter

WoodlawnCemetary

Memorial OaksCemetary

Forest ParkWestheimer

Cemetary

Bu�alo

Bayou

HOUSTONBAPTIST UNIVERSITY

T O L L R OAD

TOLL

TOLL

8BELTWAY

8BELTWAY

Bu�alo

Bayou

15455 MEMORIAL DRIVE

14741 MEMORIAL DRIVE

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M E M O R I A L D R I V E | 2 0 , 1 8 0 V P D

BP

WA

Y

W E S T L A K E PA R K B O U L E VA R D

WE

ST

LA

KE

PA

RK

BO

UL

EV

AR

D

d e t e n t i o np o n d

3,000 SF

InsuranceAgency835 SF

DryCleaners906 SF

2,084 SF

Jacqueline’sDay Spa1,563 SF

1,484 SF

4,784 SF

D

1 5 4 5 5 M E M O R I A L D R I V E S I T E P L A N1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

7

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MEMORIAL DRIVE | 2 2 , 7 3 0 V P D

NO

TTING

HAM

OAKS TR

AIL

TH

ICK

ET

LAN

E

Carmelo’sRestaurant

Vacant2,400 SF

Vacant1,600 SF

Napoli’sPizza

2,450 SFVellisimo

Salonand Spa1,800 SF

Vacant1,500 SF

Vacant1,617 SF

Pho Crab2,250 SF

MemorialPostalCenter

1,800 SF

Saeed’sMediter.

Grill1,200 SF

USStar

Cleaners1,000 SF

WestMemorialBarberShop

800 SF

TheDinnerDude

1,455 SF

Bao BaoBanh Mi650 SF

V LashStudio635 SF

Mrs.Donuts

1,025 SF

CoutureNails

875 SF

TheWaterTree

750 SF

K&MAlternations

1,000 SF

LiceClinics

ofAmerica1,000 SF

5,551 SF

1 4 7 4 1 M E M O R I A L D R I V E S I T E P L A N1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

8

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MEMORIAL DRIVE

MEMORIAL DRIVE

THORNWOOD NEIGHBORHOOD$350K - $900K HOME VALUE

THORNWOOD NEIGHBORHOOD$350K - $900K HOME VALUE

MEMORIAL THICKETT$500K- $800K HOME VALUE

MEMORIAL THICKETT$500K- $800K HOME VALUE

IH-1

0 | K

ATY

FREE

WAY

IH-1

0 | K

ATY

FREE

WAY

ELDRIDGE PLACEELDRIDGE PLACE

ENERGY CENTERCONNOCO PHILLIPS GLOBAL HQ

ENERGY CENTERCONNOCO PHILLIPS GLOBAL HQ

BP NORTH AMERICA HQBP NORTH AMERICA HQ

15455 MEMORIAL DRIVE

PARKSIDE AT MEMORIALPARKSIDE AT MEMORIALVILLAGE ON MEMORIALVILLAGE ON MEMORIAL

FUTURE 35-ACRE MULTI-TENANT, MIXED-USE DEVELOPMENT

FUTURE 35-ACRE MULTI-TENANT, MIXED-USE DEVELOPMENT

WEST MEMORIALPLACE ISEIMENS

WEST MEMORIALPLACE ISEIMENS

TRANSOCEANUS HQ

TRANSOCEANUS HQ

OCCIDENTALPETROLEUMGLOBAL HQ

OCCIDENTALPETROLEUMGLOBAL HQ

SYSCOGLOBAL HQ

SYSCOGLOBAL HQ

KBR, INC.KBR, INC.

14741 MEMORIAL DRIVE

9

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T E N A N T P R O F I L E S1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

F R O S T B A N KSquare Feet: 3,000Website: www.frostbank.comPublic/ Private: Public (NYSE: CFR)

Tenant Detail: Cullen/Frost Bankers, Inc. (NYSE: CFR) is a financial holding company, headquartered in San Antonio, with $31.2 billion in assets at September 30, 2018. One of the 50 largest U.S. banks, Frost provides a wide range of banking, investments and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions via approximately 126 branch locations. Founded in 1868, Frost has helped clients with their financial needs for over 150 years.

C A F É B E N E D I C T ESquare Feet: 4,784Website: www.cafebenedicte.comPublic/ Private: Private

Ranked one of the top 100 best brunch restaurants in America in 2017 by Yelp!, Café Benedicte is one of Houston’s most highly regarded restaurants. Serving authentic European cuisine, the single location bar and restaurant serves brunch Saturday and Sunday as well as lunch and dinner Monday-Friday.

E D G E D E N TA LSquare Feet: 2,084Website: www.edgedentalhouston.comPublic/ Private: Private

Edge Dental is owned and operated by Dr. Justin Lai D.D.S who specializes in general dentistry. Dr. Lai holds multiple degrees including a B.S. in Chemical Engineering for Rice University and a Doctorate in Dental Surgery (DDS) from the University of Texas Health Science Center at San Antonio Dental School. Operating out of a single location, Dr. Lai is wholly devoted to the memorial corridor.

1 0

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T E N A N T P R O F I L E S1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

L A H AC I E N DASquare Feet: 5,551Website: http://www.lahaciendamemorial.com/Public/ Private: Private

Locally owned and operated since 1973, La Hacienda is an authentic Mexican restaurant located in the memorial corridor. Serving Tex-Mex classics like such as tortilla soup, enchiladas and tacos within an old-school restaurant environment, La Hacienda is a long-time West Houston staple.

O R I G I N A L N A P O L ISquare Feet: 2,450Website: http://originalnapoli.com/index.htmPublic/ Private: Private

Napoli is a Houston based Italian restaurant franchise with 4 locations in and around Houston. Offering a family friendly environment, Original Napoli serves everything from Bruschetta to pizza by the slice.

P H O & C R A B R E S TAU R A N TSquare Feet: 2,250Website: http://www.phoandcrab.com/chefs.htmlPublic/ Private: Private

While this space is currently operating at Pho & Crab Restaurant, a restaurant serving traditional Vietnamese cuisine, the lease has recently been assigned to a close relative of the family who plans to rebrand the space as a new restaurant concept called Viet Urban Kitchen. The existing business plans to shut down in October 2019 to renovate and re-open in February 2020. During this period of closure, all base rent will be abated.

1 1

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15455 and 14741 Memorial Drive are advantageously located in West Houston, widely regarded as Houston’s most sought-after residential area outside Houston’s urban core. This area offers a high quality of life with top-rated schools and convenient accessibility to a wide variety of employment, shopping and dining opportunities. It is also home to some of Houston’s most affluent residential neighborhoods and the city’s largest parks.

The surrounding area has seen healthy population and commercial growth since 2010, and Houston’s overall “center” has gradually shifted westward as a result. This westward expansion is projected to continue with corresponding commercial development that will create tens of thousands more jobs, and the region will remain attractive to renters on a long-term basis.

QUALIT Y OF LIFE | RESIDENTIAL

Nearby Neighborhoods

Neighborhood Total Homes Total Homes Available For Sale Average Sales Price

Nottingham 478 17 $788,655 Nottingham West 348 14 $639,221 Nottingham Forest 935 32 $679,852 Westchester 484 16 $512,238 Thornwood 389 31 $450,850

QUALIT Y OF LIFE | RESIDENTIAL DEMOGR APHICS

Local Demographics Snapshot 3-Mile Radius

AVER AGE HOUSEHOLD INCOME

27.1%HOUSEHOLD GROWTH

(2000-2018)

39.3AVERAGE AGE

62.9%COLLEGE DEGREE

8.0%HOUSEHOLD GROWTH

(2018-2023)

47.2%SINGLE

58.1%COMMUTE LESS

THAN 30 MINUTES

50.5%RENTER OCCUPIED

HOUSEHOLDS

2.3AVERAGE

HOUSEHOLD SIZE

29.3AVERAGE COMMUTE

TIME (MINUTES)

$118,776 $130,467$110,189

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

$110,000

$120,000

$130,000

$140,000

1-Mile Radius 3-Mile Radius 5-Mile Radius

L O C A T I O N O V E R V I E W1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

$1.35M home for sale in Nottingham

Houston Average

1 2

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L O C A T I O N O V E R V I E W1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

Top 5 Local Industry Anchors

EMPLOYMENT WITHIN 15 MINUTES

Local Employment Snapshot 3-Mile Radius

25,762 BUSINESSES 329,770 EMPLOYEES

32.0%Health Care

17.5%Scientific & Technology Services

11.1%Finance & Insurance

8.2%Retail

5.3%Real Estate

Spring Branch ISD Snapshot

QUALIT Y OF LIFE | SCHOOLS

45TOTAL SCHOOLS

35,000+TOTAL STUDENTS

4,600+TOTAL STAFF

SCHOOL DISTRICT ACCOLADES

Overall A Ranking (2018, Niche)

#12 Best School District in Houston Area

(2018, Niche)

Kinder Excellence in Teaching Award

(2018)

Zoned Schools

School Total Students Total Staff

Nottingham Elementary School 532 34Spring Forest Middle School 850 52Stratford High School 2,105 123

Nottingham Elementary School

1 3

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NATION - LEADING HOUSTON MSA ECONOMY

POPUL ATION GROW TH (2ND IN THE NATION)

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

2013 2014 2015 2016 2017 2018Projected

2019Projected

HOUSTON'S SURGING JOB GROW TH

-20,000

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

2013 2014 2015 2016 2017 2018Projected

2019Projected

L O C A T I O N O V E R V I E W1 5 4 5 5 M E M O R I A L D R I V E & 1 4 7 4 1 M E M O R I A L D R I V E

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Houston Ranked 3rd Nationally in Job Growth

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I N V E S T M E N T A D V I S O R YRYAN WESTSenior Managing DirectorT. (713) [email protected]

JOHN INDELLIDirectorT. (713) [email protected]

CHARLES STRAUSSReal Estate AnalystT. (713) [email protected]

ETHAN GOLDBERGReal Estate AnalystT. (713) [email protected]

BRYAN STRODEResearch AnalystT. (713) [email protected]

F I N A N C I N GI N Q U I R I E S

MICHAEL JOHNSONDirector

T. (713) [email protected]

Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

9 Greenway Plaza, Suite 700Houston, Texas 77046T. (713) 852-3500F. (713) 527-8725hfflp.com