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STARBUCKS COFFEEHighway 290 and E. Hempstead Street, Giddings, TX 78942
InvestCoreCommercial.com
Exclusively Offered By:
Michael Campbell, CCIM 619.546.0122 [email protected] CA Lic #01843521
Ed Colson Jr., CCIM 619.546.0121 [email protected] Lic #01382996 | TX Lic #635820
*Representative Photo Property Under Construction
PR
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2 | Starbucks - Giddings, Texas
InvestCore Commercial presents this Offering which
has been prepared by InvestCore Commercial for use
by a limited number of parties and does not purport
to provide a necessarily complete summary of the
Property or any of the documents related thereto, nor
does it purport to be all-inclusive or to contain all of
the information which prospective investors may need
or desire. All projections have been developed by
InvestCore Commercial, the Owner, and designated
sources and are based upon assumptions relating to
the general economy, competition, and other factors
beyond the control of the Owner and, therefore, are
subject to variation. No representation is made by
InvestCore Commercial or Owner as to the accuracy
or completeness of the information contained herein,
and nothing contained herein is, or shall be relied
on as, a promise or representation as to the future
performance of the Property. Although the information
contained herein is believed to be correct, Owner
and its employees disclaim any responsibility for
inaccuracies and expect prospective purchasers to
exercise independent due diligence in verifying all such
information. Further, InvestCore Commercial, Owner,
and its employees disclaim any and all liability for
representations and warranties, expressed and implied,
contained in, or for omission from, this Investment
Offering or any other written or oral communication
transmitted or made available to the recipient. This
Offering does not constitute a representation that there
has been no change in the business or affairs of the
Property or the Owner since the date of preparation of
the package. Analysis and verification of the information
contained in this package is solely the responsibility
of the prospective purchaser. Additional information
and an opportunity to inspect the Property will be
made available upon written request to interested and
qualified prospective investors.
Owner and InvestCore Commercial each expressly
reserve the right, at their sole discretion, to reject any
and all expressions of interest or offers regarding the
Property and/or terminate discussions with any entity
at any time with or without notice. Owner shall have no
legal commitment or obligation to any entity reviewing
this Offering or making an offer to purchase the Property
unless and until a written agreement for the purchase
of the Property has been fully executed, delivered,
and approved by Owner and its legal counsel, and any
conditions to Owner’s obligations thereunder have
been satisfied or waived. InvestCore Commercial is not
authorized to make any representations or agreements
on behalf of Owner.
This Offering and the contents, except such information
which is a matter of public record or is provided in
sources available to the public (such contents as so
limited herein are called the “Contents”), are of a
confidential nature.
By accepting the package, you agree (i) to hold and treat
it in the strictest confidence, (ii) not to photocopy or
duplicate it, (iii) not to disclose the package or any of the
contents to any other entity (except to outside advisors
retained by you, if necessary, for your determination of
whether or not to make a proposal and from whom you
have obtained an agreement of confidentiality) without
the prior written authorization of Owner or InvestCore
Commercial, (iv) not use the package or any of the
contents in any fashion or manner detrimental to the
interest of Owner or InvestCore Commercial, and (v) to
return it to InvestCore Commercial immediately upon
request of InvestCore Commercial or Owner.
If you have no further interest in the Property, please
return this Investment Offering forthwith.
OFFERING STATEMENT / DISCLAIMER
InvestCore Commercial, Inc. 3910 W. Point Loma Blvd, Suite B
San Diego, CA 92110
TABLE OF CONTENTS
INVESTMENT SUMMARY 4
Executive Summary Investment Highlights
PROPERTY DESCRIPTION 6
Site Plan Street Maps Nearest Starbucks Aerial Recent Sale Comparables
AREA OVERVIEW 12
Why Invest in Giddings, Texas? Demographics
3 | Starbucks - Giddings, Texas
*Representative Photo Property Under Construction
4 | Starbucks - Giddings, Texas
Tenant:Starbucks Corporation (NASDAQ: SBUX: S&P Rated “A-”)
Address:Highway 290 and E Hempstead StreetGiddings, TX 78942
Building Size: 2,000 SF
Lot Size: 29,185 SF
Year Built: 2018
Rent Commencement Date: 12/15/18*
Lease Expiration Date: 12/31/28*
Primary Lease Term: 10 Years
Options: Four (4) 5-year options to extend
Rent Increases: 10% every 5 years in primary and option terms
Lease Type: Fee Simple NNN Land and Building
Landlord Responsibilities:Roof (with roof warranty), structure and parking lot (replacement)
RENT SCHEDULE
Lease Type:
EXECUTIVE SUMMARY
Price: $1,650,000
Cap Rate: 5.15%
Net Operating Income: $85,000
INVESTMENT SUMMARY
Term Years Annual Rent Monthly Rent % Increase
Primary 1 – 5 $85,000 $7,083
Primary 6-10 $93,500 $7,792 10%
Option 1 11-15 $102,850 $8,571 10%
Option 2 16-20 $113,135 $9,428 10%
Option 3 21-25 $124,449 $10,371 10%
Option 4 26-30 $136,893 $11,408 10%
OFFERING TERMS
*Representative Photo Property Under Construction
* The Property has been delivered to Starbucks, rent will commence upon completion of their tenant improvements and opening for business.
5 | Starbucks - Giddings, Texas
INVESTMENT SUMMARY
INVESTMENT HIGHLIGHTS
Only Starbucks In Nearly 30 MilesThis is the first Starbucks in Giddings, Texas instantly creating demand for the tenant. The closest Starbucks to the west is 28 miles away in in Bastrop and to the east is 33 miles away in Brenham.
Highway Location With High Traffic CountsThe property is well located along Highway 290, the major thoroughfare between Austin and Houston. This is an ideal highway location for Starbucks, benefiting from high traffic counts of 21,000 cars per day.
Corporate SignatureThe lease is guaranteed by Starbucks Corporation, an investment grade tenant rated “A-“ by Standard & Poor’s.
Low Price Point For StarbucksThe attractive purchase price is well below the typical price point for a Starbucks in Texas, the average being $2,074,000, or $1,160 psf – see enclosed Sale Comps.
Brand New ConstructionThe property, currently under construction, will provide an investor piece of mind knowing that they are purchasing a new property with no deferred maintenance. The Landlord Responsibilities under the typical Starbucks lease will have less of an impact.
Minimal Landlord Responsibilites – New Roof WarrantyPerfect opportunity for the any investor looking for minimal landlord responsibilities. The owner’s exposure to any monetary obligations is significantly reduced due to the benefit of the roof warranty.
Long Term LeaseNew long-term lease in place providing any investor a full 10-year term of passive income. A lender will also look favorably upon the full term giving any buyer the most attractive financing options available, if needed.
Walmart Anchored Shopping CenterStarbucks benefits from its location directly across the street from the Walmart anchored shopping center, a major destination for the community. National tenants in and around the center include McDonald’s, Taco Bell, Whataburger, Buc-ee’s, Best Western, Bealls, Dollar General, Subway, AutoZone and others.
Giddings 290 Business ParkLocated less than 1 mile east of the Starbucks, Giddings Economic Development Corporation purchased the 165+ acre tract and is currently under development. This will inject growth and jobs into the area, organically increasing the daytime population of the trade area.
6 | Starbucks - Giddings, Texas
PROPERTY DESCRIPTION
SITE PLAN
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N 79°47'24" W 106.18'
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Install 4" layer of shredded hardwood mulch to all plantingbeds.
The project will have an undergound automatic irrigationsystem to water all new plantings.
LANDSCAPE NOTES
1.
2.
3.
4. Shrub beds to have 12 inches of prepared planting mix(75% import topsoil, 15% composted amendment, 10%washed sand)
5. Shredded hardwood mulch must contain long strandsalong with double shred finer material obtained from alocal source.
6. Install 4 inches of clean topsoil in all areas of the site disturbedby grading and construction operations. Topsoil shall be freefrom sticks, debris and rocks larger than 2 inches in diameterand have an organic matter level of 3 percent minimum and apH range between 5.5 and 7.4 percent. Provide soil testanalysis from a soil test laboratory showing soil makeup andorganic percentage.
7. Hydromulch all areas disturbed by construction activities.
Dwarf YauponDwarf Abelia
Knockout RoseGiant LiriopeRed YuccaDwarf Burford Holly
New Gold LantanaDwarf Indian Hawthorne 'Clara'
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SHEET NUMBER:
SHEET TITLE:
SCALE:
PROJECT #:
ORIGINAL ISSUE DATE:
PRODUCTION DESIGNER:
CHECKED BY:
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THIS DOCUMENT IS RELEASEDFOR THE PURPOSE OF REVIEW
UNDER THE AUTHORITY OFMSPIRE DESIGN, LLC. IT IS NOT
TO BE USED FOR CONSTRUCTION,BIDDING OR PERMIT PURPOSES.
CONTRACTOR SHALL VERIFY ALL CONDITIONSAND DIMENSIONS AT THE JOB SITE AND NOTIFYTHE ARCHITECT OF ANY DIMENSIONAL ERRORS,
OMISSIONS OR DISCREPANCIES BEFOREBEGINNING OR FABRICATING ANY WORK. DO NOT
SCALE DRAWINGS.
CJ REAL ESTATE, LLC3825 Camp Bowie BlvdFort Worth, TX 76107
817.665.2343 (o)
Architect Texas 49941308 Meadowview DriveKennedale Texas 76060
Thomas A Pirtle IIIAIA NCARB
2/5/
2018
1:3
5:04
PM
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SIOUX CITY BRICKEBONITE SMOOTHCHARCOAL GROUT
PAINTED STUCCOSHERWIN WILLIAMSSW6155 RICE GRAIN
REVISION SCHEDULE
REV DATE BY DESCRIPTIONS
SHEET NUMBER:
SHEET TITLE:
SCALE:
PROJECT #:
ORIGINAL ISSUE DATE:
PRODUCTION DESIGNER:
CHECKED BY:
PR
OJE
CT
NAM
E:
PR
OJE
CT
A DD
RES
S:
THIS DOCUMENT IS RELEASEDFOR THE PURPOSE OF REVIEW
UNDER THE AUTHORITY OFMSPIRE DESIGN, LLC. IT IS NOT
TO BE USED FOR CONSTRUCTION,BIDDING OR PERMIT PURPOSES.
CONTRACTOR SHALL VERIFY ALL CONDITIONSAND DIMENSIONS AT THE JOB SITE AND NOTIFYTHE ARCHITECT OF ANY DIMENSIONAL ERRORS,
OMISSIONS OR DISCREPANCIES BEFOREBEGINNING OR FABRICATING ANY WORK. DO NOT
SCALE DRAWINGS.
CJ REAL ESTATE, LLC3825 Camp Bowie BlvdFort Worth, TX 76107
817.665.2343 (o)
Architect Texas 49941308 Meadowview DriveKennedale Texas 76060
Thomas A Pirtle IIIAIA NCARB
2/5/
2018
1:3
5:04
PM
C:\U
sers
\Mel
issa
Hab
a\D
ocum
ents
\MS
pire
Des
ign\
Pro
ject
s\H
aydn
Cut
ler\1
7-00
11 S
BU
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iddi
ngs
She
ll\D
raw
ings
\Gid
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s S
BU
X S
hell.
rvt
PR-102
PRELIM 3DELEVATIONS
17-0011
2-5-18
GID
DIN
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SHE
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UIL
DIN
G
U.S
. HW
Y 29
0G
IDD
ING
S, T
X
MH
MHNICHIHAFIBER CEMENT PLANKSVINTAGE CEDAR
SIOUX CITY BRICKEBONITE SMOOTHCHARCOAL GROUT
PAINTED STUCCOSHERWIN WILLIAMSSW6155 RICE GRAIN
REVISION SCHEDULE
REV DATE BY DESCRIPTIONS
7 | Starbucks - Giddings, Texas
PROPERTY DESCRIPTION
STREET MAP
Houston to Austin: 162 miles / ±2 hours and 30 minute drive
10 | Starbucks - Giddings, Texas
PROPERTY DESCRIPTION
RECENT STARBUCKS SALE COMPARABLES
*Representative Photos
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11 | Starbucks - Giddings, Texas
PROPERTY DESCRIPTION
RECENT STARBUCKS SALE COMPARABLES
Tenant Property Address City State Sale Date Sale Price Actual Cap Rate Net Income Bldg SF Price Per SF Land Area SF Year Built
Starbucks 1109 N Bell Blvd Cedar Park TX 6/14/18 $2,631,578 4.75 $125,000 2,960 889 41,643 2018
Starbucks 501 W Belt Line Rd Richardson TX 2/13/17 $2,137,000 4.68 $100,012 944 2,264 15,420 2016
Starbucks 7702 Fry Rd Cypress TX 12/4/17 $2,170,000 5.00 $108,500 1,900 1,142 30,230 2017
Starbucks GL 18358 Interstate 45 The Woodlands TX 8/16/18 $2,878,333 4.50 $129,525 2,052 1,403 TBD 2018
Starbucks 3904 N McColl Rd McAllen TX 9/13/17 $1,877,000 5.30 $99,481 2,000 939 36,590 2016
Starbucks 107 E Parkwood Ave Friendswood TX 11/2/17 $1,577,000 5.25 $82,793 1,837 858 26,048 2005
Starbucks 102 E FM 544 Murphy TX 11/10/16 $1,316,000 5.25 $69,090 1,800 731 22,389 2005
Starbucks 1321 FM 1092 Rd Missouri City TX In Escrow $2,010,000 5.35 $118,000 1,900 1,058 32,670 2017
AVERAGE $2,074,614 5.01 $104,050 1,924 1,160
SUBJECT PROPERTY
Highway 290 & Hempstead Street
Giddings TX Available $1,650,000 5.15 $85,000 2,000 825 29,185 2018
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12 | Starbucks - Giddings, Texas
WHY INVEST IN GIDDINGS, TEXAS?
Located in Heart of Central Texas
• Giddings is ideally located at the intersection of Highways
290 and 77 between Houston and Austin ( just 55 miles east
of Austin).
• Giddings’ support for small business and the region’s quality
of life - low taxes, beautiful lakes, parks, ball fields, pool,
municipal golf course and great climate - help us retain our
current businesses and encourage a stable workforce.
Giddings 290 Business Park
• Located less than 1 mile east of the Starbucks, Giddings
Economic Development Corporation (GEDC) purchased the
165+ acre tract and is currently under development.
• The purchase will facilitate the creation of primary jobs by
providing the city a platform to provide customized, buildable
ready sites, cost-effective land, financial incentives and other
assistance to companies seeking to expand or locate into the
area.
• The GEDC will work in partnership with the City of Giddings
to fast-track permits, develop and approve incentive
packages, and facilitate timely, efficient and cost-effective
sale of land to the right company.
AREA OVERVIEW
13 | Starbucks - Giddings, Texas
WHY INVEST IN GIDDINGS, TEXAS?
Development Friendly City
• The city benefits from its pro-business City Council, ready
access to a skilled labor force, major transportation arteries,
groundwater and publicly-owned land for sale (see Giddings
290 Business Park) make Giddings an attractive site for
companies seeing to relocate or expand into a lucrative,
central Texas location.
Austin Chalk and Eagle Ford Shale Regions
• Giddings and Lee County lie in the NE sector of the 24
county Eagle Ford Shale Region and within the heart of the
Austin Chalk, which lies just above the Eagle Ford. Thanks to
new drilling technology, the Eagle Ford Shale has been one
of the hottest oil plays in the United States in recent years.
• Eagle Ford is one of the most actively drilled targets for oil
and gas in the United States, with oil reserves estimated at 3
billion barrels.
• Summary of Oil & Gas Data Near Giddings:
• 159 Producing Leases
• 18 Producing Operators
• 615 Drilled Wells
AREA OVERVIEW
14 | Starbucks - Giddings, Texas
AREA OVERVIEW
DEMOGRAPHICS
Executive SummaryStarbucks - Giddings, TX Prepared By Ed Colson Jr., CCIM2501-2899 E Austin St, Giddings, Texas, 78942 Latitude: 30.17931Rings: 5, 10, 15 mile radii Longitude: -96.91292
5 miles 10 miles 15 milesPopulation
2000 Population 6,801 9,870 15,8302010 Population 7,162 10,390 16,6562018 Population 7,515 11,035 17,9302023 Population 7,780 11,474 18,7052000-2010 Annual Rate 0.52% 0.51% 0.51%2010-2018 Annual Rate 0.58% 0.73% 0.90%2018-2023 Annual Rate 0.70% 0.78% 0.85%2018 Male Population 51.3% 50.9% 50.7%2018 Female Population 48.7% 49.1% 49.3%2018 Median Age 34.6 38.5 43.4
In the identified area, the current year population is 17,930. In 2010, the Census count in the area was 16,656. The rate of change since 2010 was 0.90% annually. The five-year projection for the population in the area is 18,705 representing a change of 0.85% annually from 2018 to 2023. Currently, the population is 50.7% male and 49.3% female.
Median Age
The median age in this area is 34.6, compared to U.S. median age of 38.3.Race and Ethnicity
2018 White Alone 70.3% 75.5% 77.6%2018 Black Alone 11.6% 9.9% 10.3%2018 American Indian/Alaska Native Alone 1.0% 0.8% 0.7%2018 Asian Alone 0.8% 0.6% 0.5%2018 Pacific Islander Alone 0.1% 0.1% 0.0%2018 Other Race 13.7% 10.8% 8.6%2018 Two or More Races 2.5% 2.3% 2.2%2018 Hispanic Origin (Any Race) 39.9% 32.0% 25.2%
Persons of Hispanic origin represent 25.2% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 61.8 in the identified area, compared to 64.3 for the U.S. as a whole.
Households2000 Households 2,237 3,410 5,8242010 Households 2,360 3,649 6,3322018 Total Households 2,483 3,888 6,8352023 Total Households 2,571 4,045 7,1302000-2010 Annual Rate 0.54% 0.68% 0.84%2010-2018 Annual Rate 0.62% 0.77% 0.93%2018-2023 Annual Rate 0.70% 0.79% 0.85%2018 Average Household Size 2.83 2.71 2.55
The household count in this area has changed from 6,332 in 2010 to 6,835 in the current year, a change of 0.93% annually. The five-year projection of households is 7,130, a change of 0.85% annually from the current year total. Average household size is currently 2.55, compared to 2.55 in the year 2010. The number of families in the current year is 4,788 in the specified area.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.
September 19, 2018
©2018 Esri Page 1 of 2
15 | Starbucks - Giddings, Texas
DEMOGRAPHICS
AREA OVERVIEWExecutive SummaryStarbucks - Giddings, TX Prepared By Ed Colson Jr., CCIM2501-2899 E Austin St, Giddings, Texas, 78942 Latitude: 30.17931Rings: 5, 10, 15 mile radii Longitude: -96.91292
5 miles 10 miles 15 milesMedian Household Income
2018 Median Household Income $45,934 $50,126 $51,3872023 Median Household Income $49,305 $53,483 $55,6382018-2023 Annual Rate 1.43% 1.30% 1.60%
Average Household Income
2018 Average Household Income $61,432 $63,781 $66,3432023 Average Household Income $66,243 $70,079 $74,2172018-2023 Annual Rate 1.52% 1.90% 2.27%
Per Capita Income2018 Per Capita Income $21,494 $23,359 $25,8672023 Per Capita Income $23,068 $25,590 $28,8612018-2023 Annual Rate 1.42% 1.84% 2.21%
Households by IncomeCurrent median household income is $51,387 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $55,638 in five years, compared to $65,727 for all U.S. households
Current average household income is $66,343 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $74,217 in five years, compared to $96,109 for all U.S. households
Current per capita income is $25,867 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to be $28,861 in five years, compared to $36,530 for all U.S. households Housing
2000 Total Housing Units 2,563 4,065 7,3422000 Owner Occupied Housing Units 1,580 2,577 4,6602000 Renter Occupied Housing Units 657 834 1,1642000 Vacant Housing Units 326 654 1,518
2010 Total Housing Units 2,766 4,483 8,2672010 Owner Occupied Housing Units 1,654 2,722 5,0182010 Renter Occupied Housing Units 706 927 1,3142010 Vacant Housing Units 406 834 1,935
2018 Total Housing Units 2,945 4,807 8,8902018 Owner Occupied Housing Units 1,682 2,837 5,3922018 Renter Occupied Housing Units 802 1,051 1,4432018 Vacant Housing Units 462 919 2,055
2023 Total Housing Units 3,059 5,016 9,3062023 Owner Occupied Housing Units 1,779 3,008 5,7122023 Renter Occupied Housing Units 792 1,037 1,4192023 Vacant Housing Units 488 971 2,176
Currently, 60.7% of the 8,890 housing units in the area are owner occupied; 16.2%, renter occupied; and 23.1% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 8,267 housing units in the area - 60.7% owner occupied, 15.9% renter occupied, and 23.4% vacant. The annual rate of change in housing units since 2010 is 3.28%. Median home value in the area is $161,096, compared to a median home value of $218,492 for the U.S. In five years, median value is projected to change by 2.27% annually to $180,240.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.
September 19, 2018
©2018 Esri Page 2 of 2
16 | Starbucks - Giddings, Texas
TYPES OF REAL ESTATE LICENSE HOLDERS:
• A BROKER is responsible for all brokerage activities, including acts performed by sales
agents sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of
the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that
the broker represents):
• Put the interests of the client above all others, including the broker’s own interests;
• Inform the client of any material information about the property or transaction received
by the broker;
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property
owner’s agent through an agreement with the owner, usually in a written listing to sell or
property management agreement. An owner’s agent must perform the broker’s minimum
duties above and must inform the owner of any material information about the property or
transaction known by the agent, including information disclosed to the agent or subagent
by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by
agreeing to represent the buyer, usually through a written representation agreement.
A buyer’s agent must perform the broker’s minimum duties above and must inform the
buyer of any material information about the property or transaction known by the agent,
including information disclosed to the agent by th e seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties
the broker must first obtain the written agreement of each party to the transaction.
The written agreement must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker’s obligations as an intermediary. A broker who acts
as an intermediary:
• Must treat all parties to the transaction impartially and fairly;
• May, with the parties’ written consent, appoint a different license holder associated with the
broker to each party (owner and buyer) to communicate with, provide opinions and advice
to, and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
• that the owner will accept a price less than the written asking price;
• that the buyer/tenant will pay a price greater than the price submitted in a written offer;
and
• any confidential information or any other information that a party specifically instructs the
broker in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction
without an agreement to represent the buyer. A subagent can assist the buyer but does not
represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN
WRITING AND CLEARLY ESTABLISH:
• The broker’s duties and responsibilities to you, and your obligations under the representation
agreement.
• Who will pay the broker for services provided to you, when payment will be made and how
the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information
purposes. It does not create an obligation for you to use the broker’s services. Please
acknowledge receipt of this notice below and retain a copy for your records.
INFORMATION ABOUT BROKERAGE SERVICES
Buyer / Tenant / Seller / Landlord Initials Date
Edward Colson / InvestCore Commercial License No. 635820
619.546.0121