DALLAS, TX

CAMP WISDOM RETAIL

2F INANCIAL ANALYSIS

CAMP WISDOM RETAIL - DALLAS, TXPRICING & FINANCIAL ANALYSIS

Camp Wisdom Retail4018-4026 Camp Wisdom Rd Dallas, TX 75237

OFFERING SUMMARY

Price $1,609,000

Cap Rate 7.00%

Net Operating Income $112,600

Price PSF $222.24

Occupancy 100.0%

Year Built 1977

Gross Leasable Area 7,240 SF

Lot Size 0.76 Acres

3F INANCIAL ANALYSIS

CAMP WISDOM RETAIL - DALLAS, TXPRICING & FINANCIAL ANALYSIS

PROJECTED INCOME & EXPENSES CURRENT PSF

Base Rent - Occupied Space 100% $112,600 $15.55

GROSS POTENTIAL RENT $112,600 $15.55

Expense Reimbursements

CAM Recoveries $11,640 $1.61

Management Fee Recoveries $4,300 $0.59

Insurance Recoveries $4,980 $0.69

Real Estate Tax Recoveries $10,560 $1.46

Total Expense Reimbursements $31,480 $4.35

EFFECTIVE GROSS REVENUE $144,080 $19.90

Operating Expenses

Total CAM $11,640 $1.61

Management Fee 3.00% $4,300 $0.59

Total Insurance $4,980 $0.69

Total Real Estate Taxes $10,560 $1.46

Total Recoverable Expenses $31,480 $4.35

Net Operating Income $112,600 $15.55

EXPENSES CURRENT PSF

Real Estate Taxes $10,560 $1.46

Insurance $4,980 $0.69

CAM

Utilities $6,240 $0.86

Repair & Maintenance $5,400 $0.75

Total CAM $11,640 $1.61

Management Fee 3.00% $4,300 $0.59

Total Expenses $31,480 $4.35

4F INANCIAL ANALYSIS

CAMP WISDOM RETAIL - DALLAS, TXRENT ROLL

Tenant Suite SQ FT % of SQFT Lease Dates Minimum Rent Recoveries Total

Start End Annual Monthly PSF Annual PSF Revenue% of

Revenue

Art of Threading 4018A 1,600 22.10% 01/16 12/20 $19,600 $1,633 $12.25 $6,957 $4.35 $26,557 18.43%

Beer & Wine 4018B 960 13.26% 04/18 03/21 $18,900 $1,575 $19.69 $4,174 $4.35 $23,074 16.01%

C-Store 4020 1,200 16.57% 08/17 07/20 $18,900 $1,575 $15.75 $5,218 $4.35 $24,118 16.74%

Metro PCS 4022 1,080 14.92% 04/06 03/19 $19,200 $1,600 $17.78 $4,696 $4.35 $23,896 16.59%

Justice Finance 4024 1,200 16.57% 02/05 01/19 $17,400 $1,450 $14.50 $5,218 $4.35 $22,618 15.70%

King B's Hair 4026 1,200 16.57% 01/08 12/20 $18,600 $1,550 $15.50 $5,218 $4.35 $23,818 16.53%

Total Count/GLA 6 7,240 100% Totals $112,600 $9,383 $31,480 $144,080 100.00%

Occupied 6 7,240 100.0%

Available 0 0 0.0%

Total Avg Rent $15.55 7,240 100.0%

5F INANCIAL ANALYSIS

CAMP WISDOM RETAIL - DALLAS, TXESTIMATED REIMBURSEMENT REVENUE

Tenant Suite SQ FT % of SQFT CAM Management Fee Insurance Real Estate Taxes Total Recovery

Monthly PSF Monthly PSF Monthly PSF Monthly PSF Monthly PSF

Art of Threading 4018A 1,600 22.10% $214 $1.61 $79 $0.59 $92 $0.69 $194 $1.46 $580 $4.35

Beer & Wine 4018B 960 13.26% $129 $1.61 $48 $0.59 $55 $0.69 $117 $1.46 $348 $4.35

C-Store 4020 1,200 16.57% $161 $1.61 $59 $0.59 $69 $0.69 $146 $1.46 $435 $4.35

Metro PCS 4022 1,080 14.92% $145 $1.61 $53 $0.59 $62 $0.69 $131 $1.46 $391 $4.35

Justice Finance 4024 1,200 16.57% $161 $1.61 $59 $0.59 $69 $0.69 $146 $1.46 $435 $4.35

King B's Hair 4026 1,200 16.57% $161 $1.61 $59 $0.59 $69 $0.69 $146 $1.46 $435 $4.35

TOTALS 7,240 100% $970 $358 $415 $880 $2,623

6F INANCIAL ANALYSIS

CAMP WISDOM RETAIL - DALLAS, TXLEASE PROVISIONS

Tenant Suite SQ FTBase Rental Increases

Renewal OptionsUser Restrictions & Exclusive Rights

Termination Rights

Sales Reporting

Date PSF Options Date PSF

Art of Threading 4018A 1,600 - - 1 x 3 1/1/2021 $14.63 - - -

Beer & Wine 4018B 960 4/1/2020 $22.19 - - - - - -

C-Store 4020 1,200 8/1/2019 $17.75 - - - - - -

Metro PCS 4022 1,080 - - 1 x 5 4/1/2019 $18.61 - - -

Justice Finance 4024 1,200 - - - - - - - -

King B's Hair 4026 1,200 - - - - - - - -

TOTAL 7,240

7PROPERTY DESCRIPTION

CAMP WISDOM RETAIL - DALLAS, TXTENANT INFORMATION

DBA MetroPCS

Entity on Lease Unlimited PCS, Inc

Corporate/Franchise Franchise

Locations Over 15,000 locations across America

Credit Rating Not Rated

Public/Private NYSE: PCS

Line of Business MetroPCS is a prepaid wireless service in the United States that is part of T-Mobile US, Inc. MetroPCSprovides nationwide talk, text, and data depending on the plan services using T-Mobile US’ GSM, HSPA, HSPA+ and 4G LTE networks.

DBA Justice Finance

Entity on Lease Justice Finance Company

Corporate/Franchise Corporate

Locations 19 throughout the DFW Metroplex

Credit Rating Not Rated

Public/Private Private

Line of Business Justice Finance is a privately owned financing firm offering cash loans of up to $1300.00. Justice Finance has 19 locations throughout the metroplex and believes in a close personal relationship with all their customers.

8PROPERTY DESCRIPTION

CAMP WISDOM RETAIL - DALLAS, TXINVESTMENT HIGHLIGHTS

• Long Term Tenancy: The Camp Wisdom Retail Center tenant base has demonstrated outstanding longevity as 50% of the current tenant lineup has occupied the Property for more than 10 years.

• Small, Very Leasable Spaces: The average size space in the Property is only 1,206 square feet. This makes the property extremely leasable as the tenant pool for this size space is the largest in the industry.

• High Growth Trade Area: The population has increased 11.67% within a three mile radius of the Property since 2010 and is expected to grow an additional 5.86% over the next five years.

• Exceptional Positioning with High Traffic Counts: The Property’s position between two of the largest thoroughfares in DFW, Interstate 20 and US Highway 67, which provides tremendous amount of traffic to the Property daily as well as an extended trade area. The Property benefits from more than 158,000 cars daily along Interstate 20 and nearly 23,000 cars along West Camp Wisdom Rd.

• Proximity to Red Bird Mall Redevelopment: Camp Wisdom Retail Center is located less than half a mile from the Red Bird Mall redevelopment that is scheduled to break ground in early 2019. This revitalization offers investors a unique opportunity to capitalize on the resurgence of this retail corridor.

9PROPERTY DESCRIPTION

CAMP WISDOM RETAIL - DALLAS, TXINVESTMENT HIGHLIGHTS

• The $157 million redevelopment is scheduled to break ground in January 2019 with a planned completion date of December 2024

• The redevelopment will cover more than 78 acres at the northwest corner of Interstate 20 and US Highway 67

• June 13, 2018 – The Dallas City Council voted unanimously to invest $22 million into the Red Bird Project as part of Mayor Mike Rawling’s GrowSouth initiative

• The project will include 30,000 square feet of office space, a 124-room hotel with 7,300 square feet of meeting space, and more than an acre of green space

Red Bird Mall Redevelopment

10PROPERTY DESCRIPTION

CAMP WISDOM RETAIL - DALLAS, TXSITE PLAN

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11PROPERTY DESCRIPTION

CAMP WISDOM RETAIL - DALLAS, TXAERIAL MAP

CAMP WISDOM RD22,460 VPD

100,210 VPD152,000 VPD

RED BIRD MALLREDEVELOPMENT

12PROPERTY DESCRIPTION

CAMP WISDOM RETAIL - DALLAS, TXLOCAL MAP

13PROPERTY DESCRIPTION

CAMP WISDOM RETAIL - DALLAS, TXREGIONAL MAP

14PROPERTY DESCRIPTION

CAMP WISDOM RETAIL - DALLAS, TXMARKET SUMMARY

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

15PROPERTY DESCRIPTION

CAMP WISDOM RETAIL - DALLAS, TXDEMOGRAPHIC STATISTICS

1 Mile 3 Mile 5 Mile

Population:2023 Projection 19,772 95,985 262,3042018 Estimate 18,643 90,671 249,5962010 Census 16,497 81,196 234,299Growth 2018-2023 6.06% 5.86% 5.09%Growth 2010-2018 13.01% 11.67% 6.53%2018 Population Hispanic Origin 6,162 27,585 98,867

2018 Population by Race:White 7,216 37,967 122,152Black 10,747 49,082 117,043Am. Indian & Alaskan 186 771 2,260Asian 198 1,392 4,278Hawaiian & Pacific Island 19 99 225Other 277 1,360 3,638U.S. Armed Forces: 0 26 136

Households:2023 Projection 7,682 34,554 86,6322018 Estimate 7,297 32,765 82,5952010 Census 6,780 30,091 78,499Growth 2018 - 2023 5.28% 5.46% 4.89%Growth 2010 - 2018 7.63% 8.89% 5.22%Owner Occupied 1,706 15,808 46,261Renter Occupied 5,591 16,957 36,335

2018 Avg Household Income (National Avg - $75,558) $40,046 $54,383 $58,581 2018 Med Household Income (National Avg - $53,889) $32,510 $42,349 $45,129 2018 Households by Household Inc:

<$25,000 2,644 8,849 21,321$25,000 - $50,000 2,655 10,042 23,788$50,000 - $75,000 1,066 6,414 16,053$75,000 - $100,000 478 3,247 8,831$100,000 - $125,000 379 2,293 6,243$125,000 - $150,000 67 823 2,732$150,000 - $200,000 7 734 2,265$200,000+ 0 363 1,363

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

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

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