MARKET AT CEDAR LAKE...16 MARET AT CEDAR LAE MARKET AND DEMOGRAPHIC SUMMARY 0-1 MI 0-3 MI 0-5 MI 2017 Population 1,678 21,943 68,488 2022 Population 1,841 24,651 75,543 2010-2017 Annual

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MARKET AT CEDAR LAKE

OFFERING MEMORANDUM

MARKET AT CEDAR LAKEEDMOND, OK

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CONFIDENTIALITY & CONDITIONSNewmark Grubb Levy Strange Beffort (“NGLSB”) has been engaged as the exclusive sales representative for the sale of Market at Cedar Lake 121 & 251 E Waterloo Rd., Edmond, OK 73034 (individually a “Property” or collectively the “Property” or “Portfolio”) by High Chaparral Development, Inc. (the “Seller”).

The Property is being offered for sale in an “as-is, where-is” condition, and the Seller and NGLSB make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include confidential information and are being furnished solely for the purpose of review by prospective purchasers (“Purchasers”) of the interest described herein for which they shall be fully and solely responsible. Neither the enclosed materials, nor any information contained herein, are to be used for any other purpose, or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed information, should be registered with NGLSB as a “Registered Potential Investor” or as a “Purchaser’s Broker” as hereinafter defined for an identified “Registered Potential Investor”. The use of this Offering Memorandum, and the information provided herein, is subject to the terms, provisions and limitations of the Confidentiality Agreement furnished by NGLSB prior to delivery of this Offering Memorandum.

The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by NGLSB or the Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners, and directors, as to its accuracy or completeness. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Seller nor NGLSB shall have any liability whatsoever for any other written or oral communication or information transmitted, or made available, or any action taken, or decision made by the recipient with respect to the Property.

The Seller reserves the right, at its sole and absolute discretion, to withdraw the Property

from the market for sale at any time and for any reason without notice, to reject any and all expressions of interest or offers regarding the Property, and/or to terminate discussions with any entity at any time, with or without notice. This Offering Memorandum is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. NGLSB is not authorized to make any representations or agreements on behalf of the Seller. The Seller shall have no legal commitment or obligation to any recipient reviewing the enclosed materials, performing additional investigation, and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions required under the contract for title to pass from the Seller to the Purchaser has been satisfied or waived.

By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents will be held and treated in the strictest of confidence; and (b) the recipient shall not contact employees, contractors, sub-contractors or lien-holders of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or NGLSB; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of the Seller or NGLSB or as otherwise provided in the Confidentiality Agreement executed and delivered by the recipient(s) to NGLSB.

The Seller will be responsible for any commission due to NGLSB in connection with a sale of the Property. However, any broker engaged by Purchaser (“Purchaser’s Broker”) shall seek its commission only from the Purchaser. Under no circumstances will NGLSB or the Seller be liable for same and recipient will indemnify and hold NGLSB and the Seller harmless from any claims by any brokers having dealt with recipient other than NGLSB. Any Purchaser’s Broker must provide a registration signed by the recipient acknowledging said Purchaser’s Broker’s authority to act on the recipient’s behalf.

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DANNY OJEDA405.602.3046 (O)

405.206.9659 (C)

[email protected]

EXCLUSIVE ADVISORS

MICHAEL RAPELLA405.600.6342 (O)

405.219.6977 (C)

[email protected]

EXCLUSIVE ADVISORS

SALE TERMS & CONTACT INFO

EXECUTIVE SUMMARY �� 4

The Offering ....................................................................... 5

LOCATION OVERVIEW �� 6-8

Location Map .......................................................................... 7

Aerials..................................................................................... 8

FINANCIAL OVERVIEW �� 9-14

Financial Summary ............................................................... 10

Income and Expenses ................................................ 11-12

Rent Roll .....................................................................13-14

MARKET OVERVIEW �� 15-19

Market and Demographic Summary ..................................... 16

Oklahoma Market Profile ............................................17-18

Advisors ........................................................................... 19

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EXECUTIVESUMMARY

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251 E WATERLOO RD BUILDING SF: 8,990 SF

LAND SIZE: 7.03 ACRES

2016 TAXES: $23,740.00

2017 INSURANCE ESTIMATE: $13,308.00

Newmark Grubb Levy Strange Beffort is pleased to present the opportunity to acquire

Market at Cedar Lake, (“Property”), a 38,020, square foot neighborhood shopping

center located in Edmond, Oklahoma. This Property is situated on a CLO ground lease

with over 44 years remaining.

THE OFFERING

EXECUTIVE SUMMARY

SALE PRICE: $4,000,000.00

121 E WATERLOO RD BUILIDNG SF: 29,030 SF

PROPERTY DETAILS

EDMOND, OKLAHOMALocated just north of Oklahoma City, Edmond is known as the “Crown Jewel” of

Oklahoma. With a population of over 91,000, Edmond is the fifth largest city in the

state of Oklahoma.

In 2007, Edmond was listed as one of the “Top 100 Places to Live”, by Relocate

America.

In 2011, Edmond was voted #1 on CNBC’s “10 Perfect Suburbs list.

OAK TREE COUNTRY CLUBOak Tree Country Club is located in Edmond, OK and prides itself on being a family

club, featuring a wide range of amenities including: 36 holes of championship golf,

tennis, swimming, family activities and more.

AREA HIGHLIGHTS

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LOCATION OVERVIEW

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LOCATION MAP

PROPERTY OVERVIEW

SITE

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AERIAL

PROPERTY OVERVIEW

Oak Tree Golf & Country

Club

SITE

6,8

80

(11) VPD

5,278(16) VPD

approx. 3 mi. East

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FINANCIAL OVERVIEW

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FINANCIAL SUMMARY

FINANCIAL OVERVIEW

INVESTMENT OVERVIEW

Price $4,000,000.00Price per SF $105.21 psfCAP Rate 7.25%

OPERATING DATA

Gross Income $428,332.00

Operating Expenses $132,081.00Net Operating Income $296,251.00

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INCOME & EXPENSES 121 E WATERLOO RD�

FINANCIAL OVERVIEW

INCOME SUMMARY

Total Annual Rent Includes Reimbursements $321,793GROSS INCOME $321,793

EXPENSE SUMMARY

Taxes $36,288Insurance $10,161Common Area Maintenance $24,676Ground Lease $12,000Management Fee $9,653GROSS EXPENSES $92,777

NET OPERATING INCOME $229,016

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INCOME & EXPENSES 251 E WATERLOO RD�

FINANCIAL OVERVIEW

INCOME SUMMARY

Total Annual Rent Includes Reimbursements $106,539GROSS INCOME $106,539

EXPENSE SUMMARY

Taxes $12,300Insurance $3,444Common Area Maintenance $8,364Ground Lease $12,000Management Fee $3,196GROSS EXPENSES $39,304

NET OPERATING INCOME $67,235

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RENT ROLL 121 E WATERLOO RD�

FINANCIAL OVERVIEW

Suite Tenant Occupied SF Vacant SF Lease Exp. Rent/Month ANNUAL RENT CAM Total

1 F & M Bank 3,000 8/2018 $4,500.00 $54,000.00 $300.00

2 Vacant 1,500

3 Becker Investments 1,500 MTM $1,250.00 $15,000.00 $150.00

4 F5 Vapor 1,500 MTM $1,250.00 $15,000.00 $150.00

5 Subway 1,500 MTM $1,750.00 $21,000.00 $354.00

6 Farmers Insurance 1,500 9/2018 $1,250.00 $15,000.00 $150.00

7 Vacant 1,070

8 Texlahoma BBQ 1,930 9/2018 $1,930.00 $23,160.00 $350.00

9 Boomers Barber 1,500 MTM $1,250.00 $15,000.00 $150.00

10 Allstate 1,500 MTM $1,350.00 $16,200.00 $150.00

11 Vacant 980

12 Victory Fitness 4,530 MTM $2,500.00 $30,000.00 $300.00

13 Danny’s Pizza 2,100 12/2017 $2,025.00 $24,300.00 $200.00

14 Combat Boxing Club 1,500 MTM $1,250.00 $15,000.00 $150.00

15 DiVi Nails 1,500 MTM $1,250.00 $15,000.00 $150.00

16 Logan Cleaners 1,920 7/2019 $2,028.00 $24,336.00 $150.00

17 Cowgirl Coffee Out Parcel MTM $500.00 $6,000.00 $75.00

18 Twice the Ice Out Parcel MTM $500.00 $6,000.00 $75.00

Totals/Averages 25,480 3,550 $24,583.00 $294,996.00 $2,854.00

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RENT ROLL 251 E WATERLOO RD�

FINANCIAL OVERVIEW

Suite Tenant Occupied SF Vacant SF Lease Exp. Rent/Month ANNUAL RENT CAM Total

1 YIS Donuts 1,790 MTM $1,490.00 $17,880.00 $1,800.00 $19,680.00

2 Leslie’s Pool 2,700 3/31/2018 $2,250.00 $27,000.00 $5,859.00 $32,859.00

3 Habaneros 4,500 12/31/2019 $4,200.00 $50,400.00 $3,600.00 $54,000.00

Totals/Averages 8,990 $95,280.00 $11,259.00 $106,539.00

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MARKET OVERVIEW

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MARKET AND DEMOGRAPHIC SUMMARY

0-1 MI� 0-3 MI� 0-5 MI�

2017 Population 1,678 21,943 68,488

2022 Population 1,841 24,651 75,543

2010-2017 Annual Rate 2.66% 2.56% 2.48%

2017-2022 Annual Rate 1.87% 2.35% 1.98%

2017 Total Households 585 7,584 24,756

2022 Total Households 640 8,478 27,160

2010-2017 Annual Rate 2.53% 2.43% 2.32%

2017-2022 Annual Rate 1.81% 2.25% 1.87%

2017 Average Household Income $197,014 $162,000 $120,952

2017-2022 Annual Rate 1.56% 1.74% 2.07%

2017 Median Household Income $139,093 $119,254 $86,632

2017-2022 Annual Rate 0.83% 0.90% 1.92%

MARKET OVERVIEW

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

1 MI 3 MI 5 MI 1 MI 3 MI 5 MI

2017 POPULATION 2022 POPULATION

1,679

21,973

68,488

1,841

24,651

75,543

Population

$197,014

$162,000

$120,952

$139,093

$119,254

$86,632

2017 Household Income

2017 Average Income 1 MI



2022 Median Income 1 MI



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OKLAHOMAOVERVIEW

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MARKET AT CEDAR LAKE MARKET OVERVIEW

OKLAHOMA MARKET OVERVIEWOklahoma City has seen immense growth over the past decade. As of 2017, the

Oklahoma City Metro area’s population is nearing 1.4 million people. Since 2010,

the Oklahoma MSA is the 10th fastest growing large metro in the country and has

grown twice as fast as the U.S.

ECONOMIC DEVELOPMENTPROJECT 180Funded by the tax increment financing district created for Devon Energy’s project,

the $176 million project redesigned downtown streets, sidewalks, parks and plazas

to improve appearance and make the central core more pedestrian friendly.

NEW CONVENTION CENTERThe $287 million convention center will be located just south of the Chesapeake

Arena and is expected to triple the economic impact of the existing Cox Convention

Center. Annual economic impact of the new 470,000 square foot center is estimated

at $80 million, while a total of 1,100 jobs to be created by the site. Construction is

expected to begin in 2018 with an opening in 2020.

GENERAL ELECTRICCompleted in 2016, the $110 million global energy research center will employ 130

employees focused on solving problems facing the oil and natural gas industry and

is expected to generate an economic impact of $13 million annually.

HOBBY LOBBYIn 2015, Hobby Lobby completed its $88 million, 1.9 million square foot warehouse

(equal to 33 football fields) adjacent to its corporate campus in southwest Oklahoma

City.

BOEINGCompleted an $80 million, 290,000 square foot facility to house the engineering and

research and development laboratories in July 2016. Boeing’s economic impact to

Oklahoma City is estimated at more than $637 million.

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DANNY OJEDA405.602.3046 (O)

405.206.9659 (C)

[email protected]

Oklahoma City | 204 N. Robinson, Ste. 700, Oklahoma City, OK, 73102 | 405.840.1500Tulsa | 2021 S Lewis Ave., Ste. 410, Tulsa, OK 74104 | 918.481.3200

Levy Strange Bef fort

EXCLUSIVE ADVISOR

www.newmarklsb.com

MICHAEL RAPELLA405.600.6342 (O)

405.219.6977 (C)

[email protected]

EXCLUSIVE ADVISOR

Documents

MARKET AT CEDAR LAKE...16 MARET AT CEDAR LAE MARKET AND DEMOGRAPHIC SUMMARY 0-1 MI 0-3 MI 0-5 MI 2017 Population 1,678 21,943 68,488 2022 Population 1,841 24,651 75,543 2010-2017 Annual