NEC OF US 380 AND FM 424 CROSS ROADS, TEXAS COVER PHOTOS ARE REPRESENTATIVE PROPERTIES Village at Cross Roads ( The Property ) consists of two, 12,000 square foot multi-tenant buildings and two single tenant pad buildings with long term NNN leases. The Property is an Out Parcel to a 185,900 SF Walmart Supercenter. RYAN WEST MATT BERRY ROBBIE KILCREASE HFF HOUSTON Managing Director Associate Director Real Estate Analyst 9 Greenway Plaza, Ste. 700 (713) 852-3535 (713) 852-3540 (713) 852-3533 Houston, TX 77046 rwest@hfflp.com mberry@hfflp.com rkilcrease@hfflp.com (713) 852-3500 www.hfflp.com
INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW Out Parcel to an 185,900 square foot Walmart Supercenter and a proposed 133,500 square foot Class A Power Center Leased to National Tenants Including Mattress Firm, Starbucks, Jack in the Box and UPS store 94% Leased with stable Cash Flow Two Single Tenant Pad Sites with Highly Stable Tenants and Long Term Leases (Jack in the Box Pending) ADDRESS: NEC U.S. HWY 380 and F.M. 424 Cross Roads, Texas 76227 YEAR BUILT: Out Parcel 3 2014 Out Parcel 4 2014 Out Parcel 2 2013 Out Parcel 11 TBD PROPERTY SIZE: Out Parcel 3 12,000 SF Out Parcel 4 12,000 SF Significant Capital Investment from National Tenants Have Transformed the Immediate Area Out Parcel 2 Out Parcel 11 2,650 SF TBD Signalized Intersections with Direct Access at FM 424 and Hwy 380 Strong Demographic Profile with Average Incomes Exceeding $94,000 within a three mile Radius with an Estimated 16.98% Population Growth by 2019 TENANT LINE-UP: TENANT SQUARE FEET EXPIRATION OUT PARCEL 3 Columbia Medical Center 3,000 Feb-19 Honey Dental 2,250 Dec-23 Mattress Firm 4,000 Feb-19 Wade and Michal Ayers 1,250 Jun-18 Vacant Suite 1,500 Sub-Total Out Parcel 3 12,000 OUT PARCEL 4 Supercuts 1,125 Jul-18 Fuzzy's Tacos 4,000 May-18 Sally's Beauty 1,500 Jun-18 Starbucks 1,875 Mar-24 UPS Store 1,500 Aug-23 Dong Nguyen 2,000 Aug-23 Sub-Total Out Parcel 4 12,000 Total SF 24,000 PADS (Out Parcels 2 & 11) ACRES Whataburger 1.16 AC Jul-28 Jack in the Box 1.13 AC Jul-34 LAND AREA: Out Parcel 3 1.74 Acres Out Parcel 4 1.93 Acres Out Parcel 2 1.16 Acres Out Parcel 11 1.33 Acres OCCUPANCY: Out Parcel 3 87.5% Out Parcel 4 100% Out Parcel 2 100% Out Parcel 11 100% PARKING AREA: Out Parcel 3 35 Spaces (5.0/1000 SF) Out Parcel 4 20 Spaces (6.7/1000 SF) Out Parcel 2 63 Spaces (23.7/1000 SF) Out Parcel 11 TBD IN-PLACE NOI: Out Parcel 3 $257,793 (FYE 2015) Out Parcel 4 $291,800 (FYE 2015) Out Parcel 2 $80,000 Out Parcel 11 $85,000 Total NOI $714,593 (FYE 2015)
TEASLEY LANE Up town Highland Preston Ho llow Un iversity Lakewood Lake Highla nds AREA MAP TRADE AREA 0 D WINDSOR DRIVE STEMMONS FREEWAY BONNIE BRAE STREET 288 Texas Instruments ELM STREET OAK STREET University of North Texas EAGLE DRIVE Eagle Point 1515 Golf Club Evers Avondale North 428 Lakes UNIVERSITY DRIVE 380 DENTON LOCUST STREET WINDSOR DRIVE LOCUST STREET SHERMAN DRIVE TWU Golf Course Texas Woman s University - Denton McKINNEY STREET SHADY OAKS DRIVE WOODROW LANE KINGS ROW HAM DRIVE NOTTING AUDRA LANE LOOP 288 380 Mack 426 288 288 LOOP 288 COOPER CREEK UNIVERSITY DRIVE McKINNEY STREET 426 LAKEVIEW BOULEVARD TRINITY ROAD Greenbelt Corridor 380 CROSS ROADS 377 NAYLOR ROAD 424 380 Village at Cross Roads Village at Cross Roads is a new retail development center located just five miles from Denton, Texas that advantageously neighbors numerous national tenants and is shadow anchored by an 185,900 square foot Walmart Supercenter. With over 280% population growth in the past decade, many national tenants including Petco, T.J. Maxx, Ross, and Bealls are migrating to the area. Cross Roads is rapidly becoming a mainstay for travelers and tourists to Lake Lewisville, Lake Ray Roberts, Denton, Dallas and Fort Worth. Denia TEASLEY LANE South Lakes 2181 HOBSON LANE Golden Triangle Mall WIND RIVER LANE Timberlinks Golf Course Denton Regional Medical Center Lake Lewisville POPULATION 1 MILE 3 MILE 5 MILE 2019 Projection 1,433 21,166 47,613 2014 Estimate 1,244 18,094 40,954 FORT WORTH DRIVE Denton Country Club COUNTRY CLUB ROAD 18 RYAN ROAD 2181 Unicorn Lake ROBINSON ROAD Oakmont Country Club OAKMONT DRIVE POST OAK DRIVE SHADY SHORES ROAD Corinth Community CORINTH SHADY SHORES SHADY SHORES ROAD Big Sandy 2010 Census 1,074 15,156 34,645 2000 Census 519 3,964 10,742 Growth 2014-2019 15.23% 16.98% 16.26% Growth 2010-2014 15.79% 19.38% 18.21% Growth 2000-2010 106.96% 282.31% 222.53% 2014 Est. Avg. Household Income $92,055 $94,639 $97,978 Village at Cross Roads ALLEN Lake Lewisville CORRAL CITY THE COLONY Fort Worth Alliance Airport HASLET FLOWER MOUND TROPHY CLUB ROANOKE Grapevine Lake WESTLAKE SOUTHLAKE GRAPEVINE KELLER COPPELL CARROLLTON SACHSE WYLIE Eagle Mountain Lake ROWLETT COLLEYVILLE Lake Worth 820 SAGINAW Fort Worth Meacham Airport 820 HURST BEDFORD EULESS White Rock Lake Lake R Hubba Fort Worth NAS Jrb/Carswell Field WHITE SETTLEMENT WESTOVER HILLS 820 BELT 20 JUNCTION BENBROOK FOREST HILL 820 DALWORTHINGTON GARDENS ARLINGTON GRAND PRAIRIE 20 45 BALCH SPRINGS MESQUITE EDGECLIFF VILLAGE 20 20
F M 4 2 4 5,467 VPD SITE PLAN 20,000 SF 36,000 SF,000 SF 26,000 SF 40,000 SF 20,000 SF 185,896 SF 31,240 SF 102,445 SF Future Retail Out Parcel 3 Out Parcel 4 Out Parcel 2 Out Parcel 11 U.S. Highway 380 29,497 VPD TENANT SQUARE FEET EXPIRATION OUT PARCEL 3 Columbia Medical Center 3,000 Feb-19 Honey Dental 2,250 Dec-23 Mattress Firm 4,000 Feb-19 Wade and Michal Ayers 1,250 Jun-18 Vacant Suite 1,500 Sub-Total Out Parcel 3 12,000 TENANT SQUARE FEET EXPIRATION OUT PARCEL 4 Supercuts 1,125 Jul-18 Fuzzy's Tacos 4,000 May-18 Sally's Beauty 1,500 Jun-18 Starbucks 1,875 Mar-24 UPS Store 1,500 Aug-23 Dong Nguyen 2,000 Aug-23 Sub-Total Out Parcel 4 12,000 Total SF 24,000 TENANT SQUARE FEET EXPIRATION PADS (Out Parcels 2 & 11) ACRES Whataburger 1.16 AC Jul-28 Jack in the Box 1.13 AC Jul-34
OUT PARCELS 2, 3 & 4 SITEPLAN & ELEVATION RENDERING Columbia Medical Center 3,000 SF Honey Dental 2,250 SF Vacant Wade & Dong Michael Nguyen Ayers 1,500 SF 1,250 SF 4,000 SF 1,875 SF 1,500 SF 1,500 SF 1,250SF 2,000 SF 4,000 SF U.S. Highway 380
TENANT PROFILES Tenant: Mattress Firm Parent Company: Mattress Firm Holding Corp. Square Feet: 4,000 Public/Private: Public Ticker Symbol: NASDAQ: MFRM 2013 YE Revenue: $1.6 Billion S&P Rating: B+ Website: www.mattressfirm.com Mattress Firm Holding Corp., through its subsidiaries, operates as a specialty retailer of mattresses, and related products and accessories in the United States. It offers conventional mattresses; specialty mattresses, including viscoelastic foam mattresses; and furniture and accessories, which comprise headboards and footboards, bed frames, mattress pads, and pillows, as well as provides delivery services. As of December 4, 2013, the company operated and franchised approximately 1,0 stores primarily under the Mattress Firm name in 31 states. The company was formerly known as Mattress Interco, Inc. Mattress Firm Holding Corp. was founded in 1986 and is headquartered in Houston, Texas. Tenant: Starbucks Parent Company: N/A Square Feet: 1,875 Public/Private: Public Ticker Symbol: NASDAQ:SUBX 2013 YE Revenue: $14.9 Billion S&P Rating: A- Website: www.starbucks.com The world s #1 specialty coffee retailer, Starbucks has more than 18,000 coffee shops in about 60 countries. The outlets offer coffee drinks and food items, as well as roasted beans, coffee accessories, and teas. Starbucks operates more than 9,400 of its own shops, which are located in about 10 countries (mostly in the US), while licensees and franchisees operate roughly 8,650 units worldwide (primarily in shopping centers and airports). The company also owns the Seattle s Best Coffee and Torrefazione Italia coffee brands. In addition, Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products. Tenant: UPS Parent Company: N/A Square Feet: 1,500 Public/Private: Public Ticker Symbol: NYSE: UPS 2013 Revenue: $55.5 Billion S&P Rating: A+ Website: www.ups.com United Parcel Service (UPS) is the world s largest package delivery company and leader in supply chain services. Offering an extensive range of options for managing the movement of goods, information and funds, it is headquartered in Atlanta, serves more than 200 territories, is the 9th largest airline in the world with nearly 0 aircraft and has just under 100,000 vehicles in its delivery fleet. It has been quick to take advantage of emerging opportunities over the years. Its first air-express flights started in 1929 and an intercontinental service between the US and Europe was launched in 1975. The UPS website has proved to be a vital platform for growth and now provides 15 million customers a day with on-line tracking. While its primary business is the time-definite delivery of packages and documents, UPS has also extended its capabilities to encompass a broader spectrum of services REPRESENTATIVE PHOTO
TENANT PROFILES REPRESENTATIVE PHOTO Tenant: Whataburger Parent Company: N/A Square Feet: 2,650 Public/Private: Private Ticker Symbol: N/A 2012 Revenue: N/A S&P Rating: N/A Website: www.whataburger.com Whataburger Restaurants is a leading regional hamburger chain with nearly 750 outlets in Texas and about 10 other states in the South and Southwest. The restaurants are open 24 hours a day and serve burgers and fries along with chicken sandwiches, salads, and a breakfast menu. About 600 of the restaurants are company-owned. Loyal Whataburger fans can also don the company s line of apparel sporting the chain s logo. The late Harmon Dobson founded the family-owned chain in Corpus Christi, Texas, in 1950 with a single roadside burger stand. REPRESENTATIVE PHOTO Tenant: Jack In The Box Parent Company: N/A Square Feet: 4,015 Public/Private: Public Ticker Symbol: NASDAQ: JACK 2013 YE Revenue: $1.5 Billion Moodys Rating: N/A Website: www.jackinthebox.com Mattress Firm Holding Corp., through its subsidiaries, operates as a specialty retailer of mattresses, and related products and accessories in the United States. It offers conventional mattresses; specialty mattresses, including viscoelastic foam mattresses; and furniture and accessories, which comprise headboards and footboards, bed frames, mattress pads, and pillows, as well as provides delivery services. As of January 29, 2013, the company operated 1,057 stores and its franchisees operated 158 stores primarily under the Mattress Firm name in 29 states. The company was formerly known as Mattress Interco, Inc. Mattress Firm Holding Corp. was founded in 1986 and is headquartered in Houston, Texas.
INVESTMENT SALES RYAN WEST Managing Director (713) 852-3535 rwest@hfflp.com MATT BERRY Associate Director (713) 852-3540 mberry@hfflp.com ROBBIE KILCREASE Real Estate Analyst (713) 852-3533 rkilcrease@hfflp.com FOR FINANCING INQUIRIES CORBY CHAFFIN Associate Director (713) 852-3455 cchaffin@hfflp.com 9 Greenway Plaza, Suite 700 Houston Texas 77046 Phone (713) 852-3500 Fax (713) 852-3490 www.hfflp.com 2014 HFF (NYSE: HF) operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.