NOR

MISSOURI CITY, TX (HOUSTON MSA)

RECENTLY CONSTRUCTED 5-TENANT RETAIL STRIP IN HOUSTON MSA

SHOPPES AT SIENNA PLANTATION

SCHEDULED TO OPEN

DEC 1, 2019

SCHEDULED TO OPEN

APRIL 2020

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DAVE LUCASdlucas@capitalpacific.comPH: 415.274.7390CA DRE# 01389761

Contact the team

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

IN CONJUNCTION WITH TX LICENSED BROKER: Steve SielingAzur Commercial Capital, LLC214.888.8262

JOE CACCAMOjcaccamo@capitalpacific.comPH: 415.274.7394CA DRE# 01191110

SHOPPES AT SIENNA PLANTATION9303 HIGHWAY 6, MISSOURI CITY, TX 77459

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

DIVERSE TENANT MIX -- EACH TENANT ON A 10-YEAR NNN LEASE WITH TWO 5-YEAR OPTIONS

6.75%CAP

$5,102,000PRICE

NOI: $344,447LEASABLE AREA: 11,216 SFPRICE/SF: $455OCCUPANCY: 100%LEASE TYPES: NNNPARKING: 70 SpacesYEAR BUILT: 2018TENANTS: 5

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Overview

THE OFFERING provides an opportunity to acquire a recently constructed 5-tenant strip center located in the Houston MSA. The diverse tenant portfolio includes Brooklyn Pizzeria, Jamba, Premier Nail Bar, Smile Design Studios, and Churned Creamery. Each tenant is on a 10-year lease with two 5-year options and rental bumps every five years. The Shoppes at Sienna Plantation is well positioned to serve to the 10,800 acre Sienna Plantation master-planned community in Missouri City. Missouri City is ranked in the top 25 “Fastest Growing Cities in Texas,” 9th on “Top Places to Live in Texas,” and 16th on “America’s 50 Best Cities to Live.”

IN ADDITION TO THE SUBJECT PROPERTY’S STRATEGIC POSITION adjacent to Sienna Plantation, the alluring modern design and prominent location on Highway 6 offer ease of accessibility and ideal visibility to the 49,900 VPD traversing the Highway 6 corridor daily. Highway 6 is the dominant non-tolled east-west highway through Fort Bend County, which was recently ranked 4th for incoming investment in the United States, 2nd in Texas, and 1st in Houston by SmartAsset in 2017. The existing retail at the intersection, which is anchored by HEB and Academy Sports, 24 Hour Fitness and Spec’s (under construction), and a proposed Burlington, Ross, and Ulta power center solidify the site’s position within the trade area which is becoming more regional in nature.

OVER $115K AVERAGE HOUSEHOLD INCOMES IN A 1, 3, AND 5-MILE RADIUS OF THE SUBJECT PROPERTY

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Investment Highlights

HIGHWAY 6 - 49,900 VPDHIGHWAY 6 - 49,900 VPDThis 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. Buyer must verify the information and bears all risk for any inaccuracies.

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Income & Expense

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

CURRENT CURRENT +LEASE Price: $5,102,000 Proposed Loan Amount $3,316,300 New Lease $0

Capitalization Rate: 6.75% Loan To Value 65% Leasing $0

Price Per Square Foot: $455 Interest Rate 3.95% Shell Cost $0

Down Payment 35% $1,785,700 Amortization 30 Year Tenant Im- $0

Loan Amount 65% $3,316,300 Term 10 Year Total Lease $0

Total Leased (SF): 100.00% 11,216 Net Operating Income $344,447 Total Lease $0.00

Total Vacant (SF): 0.00% 0 Debt Service ($188,845)Total Rentable Area (SF): 100.00% 11,216 Pre-Tax Cash Flow $155,602 INCOME P/SF Debt Coverage Ratio 1.82 Scheduled Rent $30.71 $344,447 Cash-on-cash Return 8.71%Property Tax Recovery $4.17 $46,800 Principal Pay down (Year 1) $58,910 Insurance Recovery $0.72 $8,092 Total Return $214,512 CAM Recovery $4.31 $48,365 Yield 12.01%Management Recovery $1.66 $18,654 EFFECTIVE GROSS INCOME $466,358

ADJUSTED GROSS INCOME $466,358

EXPENSE (2019 ANNUALIZED) P/SF Leasing $0

Property Tax ($4.17) ($46,800) Tenant $0

Insurance ($0.72) ($8,092)Landscaping ($1.07) ($12,000)Lot sweeping ($0.25) ($2,793)Window Cleaning ($0.23) ($2,533)Water ($0.86) ($9,623)Electricity ($0.18) ($2,064)Trash ($0.37) ($4,174)Fire Life Safety ($0.25) ($2,816)Power Washing/Day Porter ($0.35) ($3,873) Total $0

Franchise Tax ($0.51) ($5,685) Total $0.00

Repairs & Maintenance Reserve (0.25/sf) ($0.25) ($2,804)Management Fee ($1.66) ($18,654)TOTAL OPERATING EXPENSES ($10.87) ($121,911)

NET OPERATING INCOME $344,447

$0.00

*Current rent based on year end 2019

$0.00

49916

Cam 101 30960

Cam 103 944.02

Cam 104 9819 $75,111

Cam 105 17697

Cam 107 17697

Reimbursable 27909

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Rent Roll

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

TENANT SUMMARY LEASE TERMS RENT SUMMARY

Unit TENANT SQ. FT. PERCENT OF GLA TERM MONTHLY RENT ANNUAL RENT RENT/FT

100 Jamba Juice 1,741 15.52% 02/04/19 02/03/29 $4,642.67 $55,712.04 $32.00

Franchisee Increase 02/04/24 02/03/29 $5,106.93 $61,283.16 $35.20

Personal guarantee Option 1 02/04/29 02/03/34 $5,617.63 $67,411.56 $38.72

Option 2 02/04/24 02/03/39 $6,180.55 $74,166.60 $42.60

OPEN

200 Premier Nail Bar 3,315 29.56% 05/15/19 05/14/29 $8,287.50 $99,450.00 $30.00

Sole Proprietor - 2 locations Increase 05/15/24 05/14/29 $9,116.25 $109,395.00 $33.00

Personal guarantee Option 1 05/15/29 05/14/34 $10,027.88 $120,334.56 $36.30

Option 2 05/15/34 05/14/29 $11,113.54 $133,362.48 $40.23

OPEN

300 Smile Design Studios 2,529 22.55% 07/01/20 06/30/30 $6,491.10 $77,893.20 $30.80

Sole Proprietor Increase 07/01/25 06/30/30 $7,140.21 $85,682.52 $33.88

Relocation of existing practice Option 1 07/01/30 06/30/35 $7,854.65 $94,255.83 $37.27

Personal guarantee Option 2 07/01/35 06/30/40 $8,638.64 $103,663.71 $40.99

SCHEDULED TO OPEN APRIL 2020. RENT TO COMMENCE IN JULY OF 2020.

400 Churned Creamery 1,251 11.15% 10/01/19 09/30/29 $3,127.50 $37,530.00 $30.00

Franchisee Increase 10/01/24 09/30/29 $3,440.25 $41,283.00 $33.00

Personal guarantee Option 1 10/01/29 09/30/34 $3,784.28 $45,411.36 $36.30

Option 2 10/01/34 09/30/39 $4,162.70 $49,952.40 $39.93

SCHEDULED TO OPEN DECEMBER 1ST 2019

500 Brooklyn Pizzeria 2,380 21.22% 12/27/18 12/26/28 $6,155.17 $73,862.04 $31.03

Corporate guarantee - 8 locations Increase 12/27/23 12/26/28 $6,743.33 $80,919.96 $34.00

Personal guarantee Option 1 12/27/28 12/26/33 $7,437.50 $89,250.00 $37.50

Option 2 12/27/33 12/26/38 $8,181.25 $98,175.00 $41.25

OPEN

Vacant 0 0.00%

Occupied 11,216 100.00% 2019 Total Monthly Gross Rent: $28,703.94

*Current Totals 11,216 2019 Total Annual Gross Rent: $344,447.28

*43 SF Riser Room not accounted for in current total

Site Plan

SIGN

49,900 VPD

SIENNA PARKWAY

27,966 VPD

This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

70SPACES

11,216RENTABLE SF

MONUMENT SIGN

HIG

HW

AY 6

- 49

,900

VPD

UNDER CONSTRUCTION

PROPOSED

PROPOSED

43 SF FIRE RISER ROOM(NOT INCLUDED IN

LEASEABLE SF)

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Jamba, through its wholly-owned subsidiary, Jamba Juice Company, is a global brand that serves freshly blended fruit and vegetable smoothies, bowls, juices, cold-pressed shots, boosts, snacks, and meal replacements. Jamba Juice has more than 850 locations in 36 U.S. states, as well as the Philippines, Taiwan, South Korea, Thailand, and Indonesia. It is a subsidiary of Focus Brands Inc., which is a leading developer of global multi-channel foodservice brands.

On September 13, 2018, Focus Brands Inc. announced the successful completion of a tender offer for all of the outstanding shares of common stock of Jamba, Inc. for $13 per share in cash. As a result, Jamba’s common stock ceased trading on The NASDAQ Global Select Market.

ABOUT JAMBA

LOCATIONS IN 36 STATES, THE PHILIPPINES, TAIWAN, SOUTH KOREA, THAILAND, AND INDONESIA850+

Tenant Mix

Jamba announced the change of its name in June of 2019 from the original “Jamba Juice” to just “Jamba.” The company has stated the new name better reflects its menu, which has more than just juices. The name change is also part of a larger modernization initiative which includes a new mobile app, remodeled stores, and new delivery options through Uber Eats and Postmates.

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

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Brooklyn Pizzeria is a local chain restaurant that is family owned and operated by the Shahini Family. The Shahini Family strives to serve the best quality food in the Texas area. Due to a deep passion for authentic Italian food, all ingredients are imported and every menu item is prepared to ensure that every meal is made from scratch and served fresh from the oven. For 13 years and counting, they have had one goal in mind: always treat customers as family members and do not compromise in ingredients. Currently, there are 8 Brooklyn Pizzeria locations in Texas.

ABOUT BROOKLYN PIZZERIA

Churned Creamery stands for artisan, premium quality ice cream while staying true to traditional churning and freezing methods. Its industry-leading churning equipment allows it to serve freshly handcrafted traditional ice cream moments after the order is received. Combined with globally sourced, quality ingredients and a passion for innovative flavor profiles and combinations, customers can experience and enjoy delicious ice cream and other frozen treats churned, frozen, and served straight from the barrel. Churned Creamery currently operates 6 locations in California and 1 in Texas, with 2 new locations in Florida and Texas opening soon.

ABOUT CHURNED CREAMERY

Tenant Mix

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

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Premier Nail Bar is a luxury nail bar in Texas that provides a one-of-a-kind experience that leaves customers excited for their next visit. The company currently has 2 locations in Texas that offer a variety of services including manicures and pedicures, facials, waxing, eyelash extensions, and more. Premier Nail Bar prides itself on customer service, cleanliness, and quality, and differentiates itself from other nail salons by offering complimentary drinks from a fully stocked bar. Both locations are open from 9am to 7pm every day, with the exception of Sunday, which has shortened hours of 11am to 6pm.

ABOUT PREMIER NAIL BAR

Dr. Simone Ellis is the owner of Smile Design Studios, Family and Cosmetic Dentistry, and has established herself in the community as an authority in practice management. Dr. Ellis has been practicing for over ten years and is known for being professional and personable by her clients. A relocation of the already existing practice, Smile Design Studios is a general and cosmetic dentistry for all ages that serves the surrounding community to provide the highest level of quality dental care and promote long-term oral health. The company specializes in patient-centric care to make every person who enters feel at home, as well as offering financing options. Smile Design Studios is open Monday through Thursday.

ABOUT SMILE DESIGN STUDIOS

Tenant Mix

This 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. Buyer must verify the information and bears all risk for any inaccuracies..

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Subject Property

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Interior Photos

JAMBA

JAMBA

PREMIER NAIL BAR

PREMIER NAIL BAR

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Sienna Plantation - Upscale Master-Planned Community

RECREATION - Parks, playgrounds, and rest spots are central to the 10,800-acre master plan of Sienna Plantation. It includes Camp Sienna, a premier sports park, and Sienna Stables, featuring horseback riding instruction and stables on-site. A fourth recreation center and pool complex — Sawmill Lake Club —opened in 2017. More than 75 resident events are hosted each year.

LOCATION - Sienna Plantation is located in Missouri City in Fort Bend County, Texas, approximately 18 miles from Houston. It has a direct connection to Fort Bend Parkway, with non-stop access to Loop 610 in Houston.

EDUCATION - Sienna Plantation has four on-site elementary schools, two on-site middle schools, an on-site high school, and two additional nearby schools. The schools routinely rank among the top in the Houston area in the annual Children at Risk rankings based on student achievement, campus performance, test score improvement, and other factors.

Click HERE for more information.

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SIENNA PLANTATION IS CONSISTENTLY AMONG THE NATION’S TOP-SELLING MASTER-PLANNED COMMUNITIES

ABOUT - Sienna Plantation is a 10,800 acre master-planned community located in Missouri City with a population of over 14,000 residents. Originally a sugar and cotton plantation, developers began construction of single family homes in the 1970’s and 1990’s.

RESIDENTIAL UNITS - Entitled for 16,500-plus residential units and more than 5 million square feet of non-residential space, Sienna Plantation offers homes with an average size of 3,385 square feet and average price of $436,243.

This 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. Buyer must verify the information and bears all risk for any inaccuracies..

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Retail Aerial

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SIENNA PLANTATION 10,800 ACRE MASTER-PLANNED COMMUNITY

8,200 SINGLE-FAMILY HOMES 14,000 SINGLE-FAMILY HOMES AT BUILD OUT

HIGHWAY 6 - 49,900 VPDHIGHWAY 6 - 49,900 VPD

KITTY HOLLOW PARK

KITTY HOLLOW PARK

PROPOSEDPROPOSED

UNDER CONSTRUCTION

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

FORT BEND COUNTY

LIBRARIES

SIENNA CROSSING DRIVESIENNA CROSSING DRIVE

Retail Aerial

HIGHWAY 6 - 49,900 VPD

HIGHWAY 6 - 49,900 VPD

UNDER CONSTRUCTION

PROPOSED

PROPOSED

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

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SIEN

NA

PA

RKW

AYSI

ENN

A P

ARK

WAY

HOUSTON(18 MILES)

49,900 VPD

27,966 VPD

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CONSTRUCTION COMPLETE

Zoomed-In Aerial

PARKWAY DENTAL

HIGHWAY 6HIGHWAY 6

HIGHWAY 6

HIGHWAY 6

SIENNA CROSSING DRSIENNA CROSSING DR

UNDER CONSTRUCTION PROPOSED

PROPOSED

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

SIENNA PARKWAY

SIENNA PARKWAY

UNIV

ERSI

TY

UNIV

ERSI

TY

BOUL

EVAR

D

BOUL

EVAR

D

FM 1092

FM 1092

ROAD

ROAD

FORT BEN

D PARKWAY TO

LL ROAD

FORT BEN

D PARKWAY TO

LL ROAD

SCHIFF ELEMENTARY

ELKINS HIGH

SCHOOL

THE GODDARD SCHOOL

CHILDREN’S LIGHTHOUSE

SIENNA RANCH

QUAIL VALLEY MIDDLE SCHOOL

QUAIL VALLEY

GOLF, GRILLE & EVENTS

MISSOURI CITY

PALMER ELEMENTARY

THE TOWNE CREEK

SCHOOL

SOUTHMINSTER SCHOOL

HOUSTON(18 MILES)

27,966 VPD

49,900 VPD

Zoomed-Out Aerial

HIGHWAY 6HIGHWAY 6

HIGHWAY 6

HIGHWAY 6

HIGHWAY 6

HIGHWAY 6

NEWQUEST CINEMARK DEVELOPMENT -- FORT BEND TOWN CENTER II

17This 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. Buyer must verify the information and bears all risk for any inaccuracies.

POPULATION

1-MILE 3-MILES 5-MILES

2010 3,751 42,490 124,353

2019 7,086 66,860 167,855

2024 8,916 81,067 195,145

2019 HH INCOME

1-MILE 3-MILES 5-MILES

Average $134,059 $130,638 $118,132

Median $110,348 $105,298 $90,603

LARGEST EMPLOYERS

EMPLOYER # OF EMPLOYEES

Walmart 37,000

Memorial Hermann Health System 24,108

H-E-B 23,732

The University of Texas MD Anderson 21,086

McDonald’s Corp 20,918

THE AVERAGE HOUSEHOLD INCOME WITHIN A 1-MILE RADIUS

IS OVER $134K

MISSOURI CITY

DOWNTOWN HOUSTON

(18 MILES)

SUGAR LAND

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JERSEY VILLAGE

BELLAIREMISSION BEND

Demographics

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

MISSOURI CITY,TEXAS

MISSOURI CITY is located approximately 18 miles (30 minutes) from downtown Houston, Texas. The city is mostly located in Fort Bend County, with a small portion in Harris County, and has an estimated 74,705 residents. Missouri City is a part of the Houston-Sugar Land-Baytown metropolitan area with access to national and international business opportunities.

A community with a rich history and traditional family values, citizens enjoy a balance of urban amenities in a small-town atmosphere. The city is home to several award winning master planned communities and the highly acclaimed Fort Bend Independent School District, a district recognized for its quality students and teachers.

HOUSTON is the most populous city in the state of Texas and the fourth-most populous city in the United States, with a census-estimated 2018 population of 2.325 million within a land area of 599.59 square miles. Located in Southeast Texas near the Gulf of Mexico, it is the principal city of the Greater Houston metropolitan area, which is the fifth-most populated MSA in the United States.

Houston is recognized worldwide for its energy industry—particularly for oil and natural gas—as well as for biomedical research and aeronautics.

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SIENNA PLANTATION - MISSOURI CITY

Location Overview

This 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. Buyer must verify the information and bears all risk for any inaccuracies.

2.3 MILLION HOUSTON MSA POPULATION (ESTIMATED)

HOUSTON MSA - Houston is home to two major airports, George Bush International Airport, one of the country’s busiest airports and international hubs, and William P. Hobby Airport. The Texas Medical Center, located in Houston, is the largest medical complex in the world, serving more than 10 million patients per year.

Houston boasts more than 14 colleges and universities offering higher education options to more than 315,000 students in the city. The University of Houston, a nationally recognized Tier One research university, is the third-largest university in Texas. The University of Houston has nearly 44,000 students on its 667-acre campus in southeast Houston.

The city has major profession league teams in almost every sport including: The Houston Astros (MLB), Houston Rockets (NBA), Houston Texans (NFL), Houston Dynamo (MLS), and Houston Sabercats (MLR).

Houston MSA

DOWNTOWN HOUSTON

GENERAL STATS1ST LARGEST CITY IN TEXAS

5TH LARGEST MSA IN THE U.S.

20 FORTUNE 500 HEADQUARTERS RANKING 4TH AMONG METRO AREAS

1ST LARGEST MEDICAL COMPLEX IN THE WORLD

3.21 MILLION JOBS IN THE METRO

#7 U.S. NEWS & WORLD REPORT BEST PLACES TO LIVE

#1 BEST CITY FOR COLLEGE GRADUATES NAMED BY MONEY MAGAZINE

20This 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. Buyer must verify the information and bears all risk for any inaccuracies.

Contact us.

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM.

DAVE LUCASdlucas@capitalpacific.comPH: 415.274.7390CA DRE# 01389761

JOE CACCAMOjcaccamo@capitalpacific.comPH: 415.274.7394CA DRE# 01191110

IN CONJUNCTION WITH TX LICENSED BROKER: Steve SielingAzur Commercial Capital, LLC214.888.8262

Copyright © 2019 Capital Pacific Partners

CAPITALPACIFIC.COM

This 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. Buyer must verify the information and bears all risk for any inaccuracies.