OFFERING MEMORANDUM LOST CREEK VILLAGE 1546 East Stacy Road | Allen, TX

For More Information: George Tanghongs, SIOR, CCIM Shane Hariz Matthew C. Sullivan Principal Senior Investment Advisor, Partner Managing Director, Principal 972-934-4008 213-623-0800 ext. 2 213-623-0800 ext. 1 [email protected] [email protected] [email protected] BRE License # 00445363 BRE License # 02025736 BRE License # 00848427

4312 Eagle Rock Boulevard | Los Angeles, CA 90041 | 213.623.0800 | lee-isg.com 1546 East Stacy Road - Allen, TX Table of Contents

SECTION I - EXECUTIVE OVERVIEW For more information, please contact Executive Summary...... 4 one of the following individuals: Property Overview...... 5 BROKERS MATTHEW SULLIVAN Managing Director SECTION II - PROPERTY DESCRIPTION 213.623.0800 ext. 1 Property Photos...... 7 [email protected] Lic. 00848427 Site Plan ...... 8 Floor Plan ...... 9 SHANE HARIZ Senior Investment Advisor Aerial View...... 10 213.623.0800 ext. 2 [email protected] Lic. 02025736 SECTION III - FINANCIAL ANALYSIS Income & Expense ...... 12 GEORGE TANGHONGS, SIOR, CCIM Principal Rent Roll...... 13 972.934.4008 [email protected] Lic. 00445363 SECTION V - AREA DESCRIPTION Area Map...... 15 Location Overview...... 16

CONFIDENTIALITY AGREEMENT The information contained in the following Marketing Proposal is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Lee & Associates - Investment Services Group and should not be made available to any other person or entity without the written consent of Lee & Associates Investment Services Group. This Marketing Proposal has been prepared to provide summary, unverified information to the aforementioned owner of the property receiving it. The information contained herein is not a substitute for a thorough due diligence investigation. Lee & Associates Investment Services Group 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, PCB’s or asbestos, the compliance with 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 Marketing Prooposal has been obtained from sources we believe to be reliable; however, Lee & Associates Investment Services Group has not verified, and will not verify, any of the information contained herein, nor has Lee & Associates Investment Services Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. The owner must take appropriate measures to verify all of the information set forth herein.

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. EXECUTIVE SUMMARY EXECUTIVE PROPERTY OVERVIEW SUMMARY 1546 East Stacy Road - Allen, TX Executive Summary

THE PROPERTY: Lost Creek Village 1546 East Stacy Road Allen, Texas 75002

PRICING LIST PRICE: $ 6,635,000 ($ 373/sq. ft.)

CURRENT CURRENT OCCUPANCY: 100 %

CURRENT GROSS INCOME: $ 567,217

ESTIMATED EXPENSES: $ 169,251

CURRENT NET INCOME: $ 397,966

CURRENT CAP RATE: 6.0 %

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 1546 East Stacy Road - Allen, TX Property Overview

Lost Creek Village is a ±17,801 square foot retail strip center located in Collin County. The center is situated on the north edge of Allen and adjacent to Fairview; both communities are experiencing exponential growth. The retail center is ideally located in a residential community just east of the 75 Freeway. Major tenants along Stacy Road include Comerica Bank, Macy’s, Old Navy, In-N-Out Burger and Walgreen’s. Major shopping centers nearby include Allen Premium Outlets, The Village at Allen and The Village at Fairview.

YEAR COMPLETED: 2004

APN: 5066-001-0010-1

BUILDING SIZE: ± 17,801 net rentable square feet

LAND AREA: ± 84,463 square feet (± 1.94 acres) STACY RD

LAND AREA:: One (1)

STORIES: One (1)

BUILDINGS: One (1)

SUITES: Eleven (11)

PARKING: ± 120 parking spaces (6.74 per 1,000 SF)

ZONING: Commercial

TRAFFIC COUNTS: 18,200 ADT at E Stacy Rd (at Lost Creek Dr)

DEMOGRAPHICS 1-mile 3-miles 5-miles POPULATION (2021): 11,324 67,436 198,017 AVG. HH INC. (2021): $171,635 $136,201 $126,608 5

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. PROPERTY PHOTOS PROPERTY SITE PLAN FLOOR PLAN DESCRIPTION AERIAL VIEW 1546 East Stacy Road - Allen, TX Property Photos

Site Plan N

(NAP)

not drawn to scale

Suite Suite Suite Suite Suite Suite Suite Suite Suite Suite Suite 200 197 195 190 170 160 155 150 140 130 100 N

1,900 SF 1,130 SF 1,440 SF 1,200 SF 1,971 SF 1,200 SF 1,600 SF 1,600 SF 1,200 SF 2,000 SF 2,560 SF

Stacy Allen Farmers Chinese Smoke & King City Nails Impact Insurance Pizza Stacy Plano Fairview Express Vapor Donuts & Spa Chirosport Agency Hut Subway Wellness Dentistry Eyecare

Unit # Tenant Sq. Ft. Lease Type Lease Expiration 100 Fairview Eyecare 2,560 NNN 09/30/21

130 Plano Dentistry 2,000 NNN 11/30/22

140 Stacy Wellness 1,200 NNN 07/31/23

150 Subway 1,600 NNN 11/30/24

155 Pizza Hut 1,600 NNN 01/31/26

160 Farmers Insurance Agency 1,200 NNN 05/31/26

170 Impact Chirosport 1,971 NNN 03/21/23

190 City Nails & Spa 1,200 NNN 02/28/26

195 King Donuts 1,440 NNN 10/31/23

197 Allen Smoke & Vapor 1,130 NNN 03/31/24

200 Stacy Chinese Express 1,900 NNN 10/31/21 TOTAL SF 17,801

75 N

ALLEN FAIRVIEW PREMIUM TOWN OUTLETS CENTER

Subject Property Allen, TX STACY RD SAM JOHNSON HWY EAST STACY RD

THE VILLAGE at ALLEN

N GREENVILLE AVE ANGEL PKWYANGEL

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INCOME & EXPENSE FINANCIAL RENT ROLL ANALYSIS 1546 East Stacy Road - Allen, TX Income & Expense

PRICING Price $ 6,635,000 Rentable Square Feet 17,801

Price/Rentable Square Feet $373 Current Occupancy 100%

INCOME & EXPENSE Current

INCOME Base Rent $ 397,966 CAM Recovery 169,251 Effective Gross Revenue $ 567,217

EXPENSE PSF RE Taxes + Assessments $ 92,599 5.20 Insurance 9,133 0.51 Repairs & Maintenance 22,587 1.27 Security 2,310 0.13 Waste Removal 11,081 0.62 Utilities 14,671 0.82 Management Fees 3.0% 16,870 0.95 Total Expenses $ 169,251 9.51

TOTALS Net Operating Income $ 397,966 Cap Rate 6.0%

Rentable Base Total Rent Rent Lease Annual Suite Tenant Name Sq. Ft. % Rent/Mo Rent/Yr SF/Mo SF/Yr Type CAM Start Expire Options

100 Fairview Eyecare 2,560 14.4% $4,693 $56,320 $1.83 $22.00 NNN $24,340 10/01/07 09/30/21 1x5

130 Plano Dentistry 2,000 11.2% $3,917 $47,000 $1.96 $23.50 NNN $19,016 05/01/05 11/30/22

140 Stacy Wellness 1,200 6.7% $2,100 $25,200 $1.75 $21.00 NNN $11,410 08/01/20 07/31/23

150 Subway 1,600 9.0% $2,743 $32,912 $1.71 $20.57 NNN $15,213 12/01/04 11/30/24 1x5

155 Pizza Hut 1,600 9.0% $3,067 $36,804 $1.92 $23.00 NNN $15,213 02/01/06 01/31/26 1x5

160 Farmers Insurance Agency 1,200 6.7% $2,200 $26,400 $1.83 $22.00 NNN $11,410 03/01/21 05/31/26

170 Impact Chirosport 1,971 11.1% $3,778 $45,333 $1.92 $23.00 NNN $18,740 02/01/20 03/21/23 1x5

190 City Nails & Spa 1,200 6.7% $2,300 $27,600 $1.83 $22.00 NNN $11,410 03/01/21 02/28/26 1x5

195 King Donuts 1,440 8.1% $2,396 $28,757 $1.66 $19.97 NNN $13,691 06/01/17 10/31/23

197 Allen Smoke & Vapor 1,130 6.3% $1,695 $20,340 $1.50 $18.00 NNN $10,744 04/01/21 03/31/24

200 Stacy Chinese Express 1,900 10.7% $4,275 $51,300 $2.25 $27.00 NNN $18,065 07/01/05 10/31/21

TOTAL 17,801 100% $33,164 $397,966 $169,251

OCCUPIED AREA 17,801 100% $33,164 $397,966 $169,251

VACANT AREA 0 0% $0 $0 $0

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. AREA MAP AREA LOCATION OVERVIEW DESCRIPTION 1546 East Stacy Road - Allen, TX DECA TU R DENTON BRIDGEPORT Area Map

Subject Property Allen, TX

ALLEN N FRISCO La ke Le wisville CORRAL CITY THE COLONY RHOME LEWISVILLE WYLIE FLOWER MURPHY MOUND TROPHY CLUB Fo rt Wo rth RO ANOKE 78 Alliance Grap ev ine La ke ROYSE CITY Airport WEST LAKE HASLET COPPELL ADDISON CARROLLTON SOUTHLAKE GRAPEVINE Dallas KELLER Galleria ROCKWALL Eagle RICHARDSON 276 Mountain La ke

COLLEYVILLE Pres byterian Dallas 34 NORTH Northpark GARLAND SAGINAW RICHLAND Mall HILLS 30 LakeRa y BEDFORD EULESS Hubbard White Rock Lake 820 205 Fort Worth Meacham HURST La ke Wo rt Airport 820 FORT 30 Fort Worth NAS DALLAS Jrb/Carswell Field WORTH MESQUITE WHITE 30 30 SETTLEMENT WEST OVER TERRELL HILLS COCKRELL HILL FORNEY 30 820 ARLINGTON 45 30 GRAND BALCH Terrell 820 PRAIRIE Municipal SPRINGS Airport BELT 20 JUNCTION DALWORTHINGTON 20 GARDENS FOREST HILL BENBROOK 20 20 20 EDGECLIFF 20 34 VILL AGE SEAGOVILLE DESOTO

45 15 KAUFMAN

MANSFIELD CEDAR 243 No warranty or representation is made to the accuracy of the foregoing information. HILLTerms of sale or lease and availabilityLANCASTER are subject to change or withdrawal without notice. 1546 East Stacy Road - Allen, TX Location Overview

Allen is a suburb of Dallas with a population of 101,699. Allen is in Collin County and is one of the best places to live in Texas. Living in Allen offers residents a dense suburban feel and most residents own their homes. In Allen there are a lot of coffee shops and parks. Many families and young professionals live in Allen. The public schools in Allen are highly rated. In the early days of Allen, city leaders had the foresight to purchase a comprehensive plan for the city and as such, streets and bridges were built with expansion plan for future growth. Allen is located approximately twenty miles north of downtown Dallas and is a part of the Dallas-Fort Worth metropolitan area. There are three major malls/shopping complexes in the city: Allen Premium Outlets, Watters Creek, and The Village at Allen. These shopping complexes attract many visitors to Allen, Texas on a daily basis. Lost Creek Village is within close proximity to these shopping complexes. Allen also boasts many luxury hotels often used by visitors and business-people: Hyatt Place Dallas/Allen, Hilton Garden Inn Dallas-Allen, Courtyard by Marriott Dallas Allen at Allen Event Center, and Delta Hotels by Marriott Dallas Allen. Allen is served directly by several major roadways and freeways. Allen is bisected by U.S. Highway 75 and bordered to the west by Texas State Highway 121. In 2017, CNN Money named Allen the #2 in its annual list of “Best Places to Live” in the United States and #2 in “Best Places to Launch a Career”. In 2019, Safehome.org named Allen #2 in safest cities in Texas with a population greater than 50,000.

Location Highlights

■ Ideally Located In Collin County

■ Twenty Miles North Of Downtown Dallas

■ Nearby Major Shopping Centers: Allen Premium Outlets, Watters Creek, and The Village at Allen

■ Served Directly By Several Major Roadways And Freeways

EAST STACY RD

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. For more information, please contact one of the following individuals:

BROKERS

MATTHEW SULLIVAN SHANE HARIZ GEORGE TANGHONGS, SIOR, CCIM Managing Director Senior Investment Advisor Principal 213.623.0800 ext. 1 213.623.0800 ext. 2 972.934.4008 [email protected] [email protected] [email protected] Lic. 00848427 Lic. 02025736 Lic. 00445363 11-2-2015 Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: . • A BROKER is responsible for all brokerage acƟviƟes, 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 informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any oīer to or counter-oīer from the client; and • Treat all parƟes to a real estate transacƟon 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 wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon 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 wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must Įrst obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary: • Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a diīerent license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless speciĮcally authorized in wriƟng to do so by the party, disclose: େ that the owner will accept a price less than the wriƩen asking price; େ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen oīer; and େ any conĮdenƟal informaƟon or any other informaƟon that a party speciĮcally instructs the broker in wriƟng 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 transacƟon 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 Įrst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon 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 noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

GP L&A DFW Inc 546274 [email protected] 972-934-4000 Licensed Broker /Broker Firm Name or License No. Email Phone Primary Assumed Business Name Kenneth W. Wesson 439839 [email protected] 972-934-4000 Designated Broker of Firm License No. Email Phone Kenneth W. Wesson 439839 [email protected] 972-934-4000 Licensed Supervisor of Sales Agent/ License No. Email Phone Associate George Tanghongs 445363 [email protected] 972-934-4008 Sales Agent/Associate’s Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission InformaƟon available at www.trec.texas.gov IABS 1-0