Hanson's Corner Cash Flow Projection

VIEW PROPERTY VIDEO

OFFERING MEMORANDUM

Hanson’s Corner Hutto, TX | Austin MSA

This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial. www.preservewestcapital.com TABLE OF CONTENTS

PROPERTY HIGHLIGHTS 1 SITE PLAN 10

PROPERTY OVERVIEW 2 AERIAL 11

FINANCIAL ANALYSIS 3 ABOUT THE AREA 13

RENT ROLL 6 DEMOGRAPHICS 15

TENANT PROFILES 8

Disclaimer Preserve West Capital (“Broker”) has been retained on an exclusive basis to market the property described herein Putnam Daily (“Property”). Broker has been authorized by the Seller of the Property (“Seller”) to prepare and distribute the enclosed Partner information (“Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or 415.445.5107 contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an [email protected] offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be CA RE License #01750064 asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition Michael Maffia of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person Managing Partner without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the 415.445.5144 information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation [email protected] and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, CA RE License #01340853 members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.

Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.

www.preservewestcapital.com PROPERTY HIGHLIGHTS

SITE

• Fully Leased to Robust, Internet-Resistant Tenant Mix with • Adjacent to The Landing @ Hutto and Hutto Co-Op District Mixed Long-Term Leases Use Developments

- Scheduled Rental Escalations in 100% of Leases - Slated to Include 1,649+ New Multifamily Residential Units and 310,000+ Square Feet of Commercial Space • Robust Demographics within Established, Rapidly Growing Austin Suburb • Hutto is Austin’s Fastest-Growing Suburb

- Population of 89,503 within 5 Mile Radius - 10,600+ New Homes in Development Pipeline

- Annual Population Growth Rate of 4.29% within 1 Mile of • Across Street from Hutto High School, Drawing Additional Traffic Property from Students, Parents, & Teachers

• Prominent Retail Location within Hanson’s Corner Shopping Center • Less than 2 Miles from Hutto Campus of Temple College & Texas State Technical College - Located Directly Behind High Volume Chick-Fil-A Site; Huge Traffic Generator • Austin MSA is Economic Heart of Central Texas

- Anchor Tenants in Surrounding Area Include Target, Costco, - MSA GDP of $159.4 Billion Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s, Walgreens, H-E-B, & More • Approximately 28 Miles from Downtown Austin

PRESERVE WEST CAPITAL | 1 PROPERTY OVERVIEW

The Investment Lot Size Hanson’s Corner Shops offers the unique opportunity Approximately 2.734 acres or 119,093 square feet. for an investor to acquire a fully-leased shops building within Austin’s fastest-growing suburb leased to a diverse, Improvements internet-resistant mix of national and regional tenants featuring long-term leases and scheduled rental escalations. Construction was completed in 2019 of a 15,588 square foot retail building demised into 8 retail suites. With excellent access and visibility along US-79 within the Stockade Kitchen | 3,002 square feet Hanson’s Corner shopping center, robust demographics with Great Clips | 1,212 square feet an annual population growth rate of 4.29% within a 1 mile The Baja Zero Ice Cream Shop | 1,068 square feet radius and more than 10,600 homes in the development Hutto Nails | 1,500 square feet pipeline, and an average household income of $123,967 Mod Pizza | 3,027 square feet within 5 miles of the property, an investor will benefit from scheduled increases in income, a diversified income stream, Tiff’s Treats | 1,500 square feet and asset appreciation with this property. Endeavor Physical Therapy | 2,071 square feet AD&E Dental | 2,208 square feet Location Parking The property is located at 210 Ed Schmidt Blvd in Hutto, Texas. There are 124 parking spaces available on site, with additional parking available throughout the shopping center.

PRESERVE WEST CAPITAL | 2 FINANCIAL ANALYSIS PRICING

PRICE $8,973,000 6.00% CAP Rate

Projected Gross Revenue YEAR 1 YEAR 10 YEAR 1 YEAR 10 Scheduled Base Rental Revenue $530,729 $645,309 Expense Reimbursement Revenue $260,883 $321,325 Net Operating Income $538,409 $655,328 Total Potential Gross Revenue $791,612 $966,634 Return 6.00% 7.30% Effective Gross Revenue $791,612 $966,634

Annual Expenses

Common Area Maintenance $66,405 $86,643 Note The net income is an estimate and does not provide for all potential costs and expenses (i.e. Insurance $7,326 $9,559 maintenance, repair, etc.) that may be required of the owner. Any reserves set forth herein are Taxes $155,724 $186,105 merely estimates and not based on any experience, physical inspection, or prior knowledge. All prospective purchasers are strongly advised to make an independent investigation to determine Management @ 3% $23,748 $28,999 their estimate of costs and expenses prior to entering into an agreement to purchase. Total Operating Expenses $253,203 $311,306

PRESERVE WEST CAPITAL | 3 FINANCIAL ANALYSIS CASH FLOW PROJECTION Hanson's Corner Cash Flow Projection

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Jan-2022 Jan-2023 Jan-2024 Jan-2025 Jan-2026 Jan-2027 Jan-2028 Jan-2029 Jan-2030 Jan-2031 Jan-2032 Dec-2022 Dec-2023 Dec-2024 Dec-2025 Dec-2026 Dec-2027 Dec-2028 Dec-2029 Dec-2030 Dec-2031 Dec-2032

Net Rentable Area - Sq. Ft. 15,588 Base Rental Revenue PSF/month $2.84 $2.85 $2.88 $3.01 $3.06 $3.12 $3.17 $3.22 $3.31 $3.45 $3.61 Total Operating Expenses PSF/year $16.24 $16.60 $16.97 $17.39 $17.79 $18.20 $18.61 $19.04 $19.49 $19.97 $20.47 Absorption & Turnover Vacancy % ------Vacancy Allowance % ------

Rental Revenue Potential Base Rent 530,729 532,811 538,150 562,467 572,681 582,953 592,179 601,621 619,473 645,309 676,128 Absorption & Turnover Vacancy ------

Total Rental Revenue 530,729 532,811 538,150 562,467 572,681 582,953 592,179 601,621 619,473 645,309 676,128 Total Expense Recoveries 260,883 266,676 272,709 279,473 285,947 292,574 299,324 306,238 313,575 321,325 329,401

Potential Gross Revenue 791,612 799,487 810,859 841,940 858,628 875,527 891,503 907,859 933,048 966,634 1,005,529 Vacancy Allowance ------

Effective Gross Revenue 791,612 799,487 810,859 841,940 858,628 875,527 891,503 907,859 933,048 966,634 1,005,529

Operating Expenses CAM - $4.26 66,405 68,397 70,449 72,562 74,739 76,981 79,291 81,670 84,120 86,643 89,243 Insurance - $0.47 7,326 7,546 7,773 8,006 8,246 8,493 8,748 9,010 9,281 9,559 9,846 Taxes - $9.99 155,724 158,839 162,015 165,256 168,561 171,932 175,371 178,878 182,456 186,105 189,827 Management @ 3% 23,748 23,985 24,326 25,258 25,759 26,266 26,745 27,236 27,991 28,999 30,166

Total Operating Expenses 253,203 258,767 264,563 271,082 277,305 283,672 290,155 296,794 303,848 311,306 319,082

NET OPERATING INCOME 538,409 540,720 546,296 570,858 581,323 591,855 601,348 611,065 629,200 655,328 686,447

Leasing & Capital Costs Tenant Improvements ------Leasing Commissions ------

Total Leasing & Capital Costs ------

Cash Flow Before Debt Service 538,409 540,720 546,296 570,858 581,323 591,855 601,348 611,065 629,200 655,328 686,447

INTERNAL RATE OF RETURN - 10 Year Hold EXIT SALE CALCULATION - End of Year 10

IRR Price Per SF Cap Year 1 Total Dollars Per SF

Capped Value @ 5.75% $11,938,221 $765.86 7.83% $9,363,611 $600.69 5.75% Cost of Sale @ 3.00% (358,147) (22.98)

Net Sale Proceeds $11,580,074 $742.88

PRESERVE WEST CAPITAL | 4

4/28/2021 - 5:10 PM FINANCIAL ANALYSIS GENERAL ASSUMPTIONS

General Assumptions

Analysis Date January 2022

Nadine ohnson Elementary Total Rentable Area 15,588 SF Hutto Ed Schmidt Blvd High School Hutto Memorial Stadium Total Area for CAM 15,588 SF Reimbursement Calculations

35,81 AADT General Inflation per Annum 3%

General Expense Growth 3% per Annum

Real Estate Tax Growth 2% per Annum

SITE Management Fee 3%

Hanson’s Corner Future Development

PRESERVE WEST CAPITAL | 5 RENT ROLL

Monthly Annual Current Rent Lease Rental Rental Lease End of Term Tenant Sq. Ft. Rent Rent Annual Term Commence. Expiration Increase Increase Options Structure Assumption PSF PSF Rent Date Date Date(s) Amount(s)

2 @ 5 yrs Option 1 (Year 1): $118,830 NNN with tenant responsible for all taxes, insurance, and propor- Option 1 (Year 2): $121,800 tionate share of common area Option 1 (Year 3): $124,860 4/1/2023 $107,640 maintenance, including roof and Option 1 (Year 4): $127,980 Stockade 4/1/2024 $110,340 structure but excluding manage- 3,002 $2.92 $35.00 $105,070 7 yrs 3/14/2020 3/31/2027 Option 1 (Year 5): $131,190 ment fee. Tenant is responsible Option Kitchen 4/1/2025 $113,100 Option 2 (Year 1): $134,460 for an administrative fee equal 4/1/2026 $115,920 Option 2 (Year 2):$137,820 to 5% of CAM. Controllable CAM costs are not to increase by more Option 2 (Year 3): $141,270 than 6%annually on a cumulative Option 2 (Year 4): $144,810 basis. Option 2 (Year 5): $148,440 NNN with tenant responsible for 2/1/2022 $43,184 all taxes, insurance, and propor- 2/1/2023 $44,056 tionate share of common area 2 @ 5 yrs: 2/1/2024 $44,929 maintenance, including roof and Option 1: FMRR, not to 2/1/2025 $45,826 structure but excluding manage- Great Clips 1,212 $2.91 $34.94 $42,347 10 yrs 1/4/2020 1/31/2030 exceed $54,538 ment fee. Tenant is responsible Option 2/1/2026 $46,747 Option 2: FMRR, not to for an administrative fee equal to 2/1/2027 $47,680 exceed $60,025 10% of CAM. Controllable CAM 2/1/2028 $48,638 costs are not to increase by more 2/1/2029 $49,607 than 5%annually on a non- cumu- lative basis.

NNN with tenant responsible 11/1/2021 $37,160 for all taxes, insurance, and 11/1/2022 $37,900 The Baja Zero 2 @ 5 yrs proportionate share of common 11/1/2023 $38,662 area maintenance, including Option Ice Cream 1,068 $2.84 $34.11 $36,432 7 yrs 5/15/2020 5/31/2027 Option 1: FMRR 11/1/2024 $39,434 roof, structure, and management (MLA $34.11 psf) Shop Option 2: FMRR 11/1/2025 $40,219 fee. Tenant is responsible for an 11/1/2026 $41,025 administrative fee equal to 10% of CAM.

NNN with tenant responsible for all taxes, insurance, and proportionate share of common area maintenance, including roof and 2 @ 5 yrs structure but excluding manage- Option Hutto Nails 1,500 $2.67 $32.00 $48,000 10 yrs 5/13/2020 5/31/2030 6/1/2025 $52,800 Option 1: FMRR ment fee. Tenant is responsible Option 2: FMRR for an administrative fee equal to (MLA $32 psf) 10% of CAM. Controllable CAM costs are not to increase by more than 5%annually on a non- cumu- lative basis.

PRESERVE WEST CAPITAL | 6 RENT ROLL

NNN with tenant responsible for all taxes, insurance, and 2 @ 5 yrs proportionate share of common area maintenance, including 3,027 $2.99 $35.86 $108,548 11 yrs 1/31/2020 1/31/2031 2/1/2025 $119,415 Option 1: 131,372 Option Mod Pizza roof, structure, and management Option 2: FMRR fee. Tenant is responsible for an administrative fee equal to 10% of CAM.

NNN with tenant responsible for all taxes, insurance, and propor- 1/1/2025 $53,550 tionate share of common area 1/1/2026 $54,615 maintenance, including roof and 2 @ 5 yrs 1/1/2027 $56,820 structure but excluding manage- Option Tiff's Treats 1,500 $2.92 $35.00 $52,500 10 yrs 1/1/2022 12/31/2031 Option 1: FMRR ment fee. Tenant is responsible 1/1/2028 $57,960 (MLA $35 PSF) Option 2: FMRR for an administrative fee equal to 1/1/2029 $59,115 10% of CAM. Controllable CAM 1/1/2030 $60,300 costs are not to increase by more than 5%annually on a non- cumu- lative basis.

11/1/2022 $60,749 NNN with tenant responsible 11/1/2024 $66,272 for all taxes, insurance, and Endeavor 11/1/2026 $67,597 proportionate share of common 1 @ 5 yrs area maintenance, including Option Physical 2,071 $2.67 $32.00 $66,272 10 yrs 10/19/2021 10/31/2031 11/1/2027 $68,949 Option 1: FMRR roof, structure, and management (MLA $32 PSF) Therapy 11/1/2028 $70,328 fee. Tenant is responsible for an 11/1/2029 $71,736 administrative fee equal to 10% 11/1/2030 $73,170 of CAM. 2 @ 5 yrs 8/1/2022 $74,364 Option 1 (Year 1): $86,156 NNN with tenant responsible for all taxes, insurance, and propor- 8/1/2023 $73,504 Option 1 (Year 2): $87,878 tionate share of common area 8/1/2024 $74,984 Option 1 (Year 3): $89,645 maintenance, including roof and 8/1/2025 $76,485 Option 1 (Year 4): $91,433 structure but excluding manage- AD&E Dental 2,208 $2.58 $30.96 $68,360 10 yrs 7/15/2021 7/31/2031 8/1/2026 $78,009 Option 1 (Year 5): $93,266 ment fee. Tenant is responsible Option 8/1/2027 $79,576 Option 2 (Year 1): $95,121 for an administrative fee equal to 8/1/2028 $81,166 Option 2 (Year 2):$97,020 10% of CAM. Controllable CAM costs are not to increase by more 8/1/2029 $82,800 Option 2 (Year 3): $98,963 than 5%annually on a non- cumu- 8/1/2030 $84,456 Option 2 (Year 4): $100,950 lative basis. Option 2 (Year 5): $102,959

Leased 15,588 100%

Vacant 0 0%

TOTAL 15,588 100%

PRESERVE WEST CAPITAL | 7 TENANT PROFILES

Mod Pizza Great Clips Mod Pizza is a fast casual pizza restaurant Great Clips is the world’s largest salon chain with more than 493 locations in the brand, employing more than 40,000 stylists Lessee: Mod Superfast Pizza, Lessee: Westend Holdings, LLC LLC United States and United Kingdom. Mod Pizza across more than 4,100 franchised salons restaurants offer individual, artisan-style Guarantor: Great Clips, Inc. throughout the U.S. and Canada. The No. of Locations: 493+ pizzas and salads with customizable toppings, No. of Locations: 4,100+ Company has a wide advertising footprint, Website: modpizza.com baked to order onsite. The company has with partnerships with brands like NASCAR, been consistently named among the fastest- Website: greatclips.com EA Sports, the NFL. Great Clips is ranked growing restaurant chains in the U.S. over #1 in Entrepreneur Magazine’s Franchise the past 5 years. In May 2019, the company 500 for hair salons, and the company raised an additional $160 million in equity enjoys nearly 50% market share of all financing, which will support the chain’s franchised hair salon units. The company continued rapid growth as it moves toward has experienced more than 47 consecutive 1,000 locations by 2024. The company has quarters of same-salon sales growth, and been named one of the “20 Best Workplaces more than 42 consecutive quarters of in Retail,” “Best Workplaces for Women,” and same-salon customer count growth. “Best Workplaces for Millenials” by Fortune Westend Holdings, LLC, the lease entity, is Magazine. In 2020, the company experienced a franchisee of Great Clips operating salons system-wide sales of $461 million, net in the greater Austin area. revenue of $388 million, and added 22 new locations. In addition, the company’s digital revenue increased nearly 275%, with digital transactions up 216%.

Stockade Kitchen Tiff’s Treats Stockade Kitchen serves flavorful and timeless Tiff’s Treats delivers fresh cookies, American comfort food, including steak, chicken, brownies, and other baked goods and Lessee: Stockade Companies, Lessee: Tiff’s Treats, Ltd. LLC and shrimp entrees, in a fast and friendly desserts from 64 locations throughout environment. The company also offers meal prep Guarantors: Tiff’s Treats Holdings, Texas, Georgia, Tennessee, and North Website: stockadekitchen.com services, allowing customers to purchase healthy Inc. Carolina. pre-prepared meal options and sides to enjoy at No. of Locations: 64 home. Website: cookiedelivery.com Stockade Companies, LLC, the lease entity, is a multi-concept restaurant chain operating more than 80 restaurants in Texas, Kentucky, Missouri, Oklahoma, Indiana, Iowa, Illinois, and Mexico. The company’s major brands include Sirloin Stockade, Coyote Canyon, and Montana Mike’s Steakhouse.

PRESERVE WEST CAPITAL | 8 TENANT PROFILES

Endeavor Physical Therapy The Baja Zero The Baja Zero Ice Cream Shop Ice Cream Shop Endeavor Physical Therapy and Wellness The Baja Zero Ice Cream Shop serves ice offers outpatient physical, occupational, cream and other related beverages and Lessee: Endeavor Rehab Center, Lessee: Amparo Gonzales frozen dessert items. Inc. and hand therapy services to patients Balvas suffering from musculoskeletal injuries No. of Locations: 9 preoperatively or postoperatively at 8 Guarantor: Amparo Gonzales Bal- vas & Roman Tinajero Website: endeavorrehab.com existing locations in the greater Austin area. The company offers treatment services for the entire body system, including shoulders, spine, hips, knees, elbows, hands, ankles, and wrists. Their services include soft tissue rehabilitation, joint mobilization, dry needling, therapeutic modalities, Hutto Hutto Nails functional exercise, pre and post-operative Nails Hutto Nails provides specialized nail care rehabilitation, and manual and non- and beauty services including manicure and manual therapy within custom-tailored Lessee: Diem Kieu Tran pedicure treatments, waxing and threading rehabilitation programs to maximize Guarantor: Diem Kieu Tran services, artificial nails, collagen glove mobility, function, and quality of life. Website: huttonails.com treatments, and more.

AD&E Dental AD&E Dental AD&E Dental provides dental care services including emergency dentistry, routine Lessee: AD&E Dental, LLC dental treatments, including x-rays, Guarantor: Dr. Anthony Escobar cleanings, orthodontia, teeth whitening, tooth extraction, and more.

PRESERVE WEST CAPITAL | 9 SITE PLAN

ED SCHMIDT BLVD

Detention Area

3,002 SF 1,212 SF 2,071 SF 1,500 SF AD&E Dental 2,208 SF 1,068 SF Baja Zero Hutto Nails 1,500 SF 3,027 SF U.S. ROUTE 79 AERIAL EAST VIEW

Hutto Cross Creek Elementary Downtown ew Homes Hutto

Hutto Coop District 35Acre Mixed Use The Landing Hutto Development 69Acre Mixed Use Development

SITE

Hanson’s Corner Future Development Hutto High School 091 Students Hutto Middle School 853 Students

3 5, 8 1 A ADT

Ed Schmidt Blvd AERIAL WEST VIEW

Round Rock

Ed Schmidt Blvd

Hanson’s Corner Future Development

SITE T D A A 1

35 ABOUT THE AREA General Overview Hutto (population 25,320) is a rapidly growing suburb of Austin located in Williamson County, Texas. The city is located within the Austin-Round Rock Metropolitan Statistical Area, with a population of more than 2 million and the 16th largest GDP per capita in the U.S.. Hutto is located seven miles east of Round Rock and approximately 22 miles north of Austin, and benefits from strong proximity to one of the largest and fastest growing economies in the U.S.. The city of Hutto has benefited immensely from strong growth in the Austin region and the opening of State Highway 130/”Pickle Parkway”, which runs through the city. The highway forms a 131-mile corridor south and east of Austin running parallel to the heavily congested I-35, and provides an alternate route for freight and commuter traffic. The city has also benefited from the recent establishment of the East Williamson County Higher Education Center in Hutto, a 57-acre master planned multi-institutional teaching center providing a wide array of educational opportunities and technical training to East Williamson County. Affiliated colleges and universities offering programs through the center include Temple College, Texas State Technical College Waco, and Texas A&M Central Texas. In addition, Hutto is located less than a fifteen minute drive from the new Texas A&M Health Science Center, Texas State University- Round Rock Higher Education Center, and Austin Community College. Austin (population 947,890) is the capital of Texas and the seat of Travis County. It is the 11th most populous city in the U.S., the 4th most populous city in Texas, and the 2nd most populous state capital in the U.S. after SITE Phoenix, Arizona. Austin is the cultural and economic center of the Austin- Round Rock metropolitan statistical area, which has a population of more than 2 million and a gross domestic product of $159.4 billion. Austin benefits from a broad economic base as the 35th largest metropolitan economy in the U.S. Numerous Fortune 500 companies are based in or maintain a significant presence in and around Austin, including Dell, Whole Foods Market, and ABM Industries, Amazon.com, eBay, Hewlett-Packard, Apple, Cisco, Google, IBM, Facebook, Intel, Oracle, PayPal, Samsung, Xerox, Texas Instruments, and 3M. The city is home to a booming tech sector that has earned it the nickname “Silicon Hills.” The city is one of the top regions for venture capital and is home to more than 45 startup incubators, accelerators, and co-working spaces. Austin has also recently emerged as a hub for pharmaceutical and biotechnology companies, and was ranked by the Milken institute as the number 12 biotech and life science center in the U.S. In addition, Austin benefits from a highly educated workforce with more than 20 colleges and universities in the greater Austin Area, including Texas Lutheran University, Texas State University, University of Texas at Austin, and many more. ABOUT THE AREA

Site Information The subject property is prominently located with excellent access and visibility along Ed Schmidt Boulevard adjacent to its junction with US- 79 (35,871 AADT) within the Hanson’s Corner shopping center. The site benefits from robust, affluent demographics in an established suburb of Austin with a population of 89,503 and average household income of $123,967 within 5 miles of the site. The annual population growth rate SITE within a 1 mile radius of the property is 4.29%. The property benefits from a prominent retail location within the Hanson’s Corner shopping center development, directly behind a high-volume Chick- Fil-A site, which draws significant additional traffic to the surrounding area. Other major tenants within the Hanson’s Corner shopping center include Walgreens, The Home Depot, Lowe’s, Holiday Inn Express, and Hampton Inn and Suites. Other nearby shopping centers include Palm Valley Plaza, anchored by Dollar Tree and Walgreens; Stonecrest, anchored by H-E-B; Round Rock West, anchored by Dollar Tree; Randall’s Town Center, anchored by Randall’s; Stone Hill Town Center, anchored by Target, The Home Depot, ULTA, At Home, Petco, and Best Buy; Renaissance Square, anchored by Taj Grocery; Boardwalk, featuring Walmart Supercenter, PetSmart, and The Home Depot; Crossing Point Shopping Center, featuring Sam’s Club, Kohl’s, Hobby Lobby, Petco, Cost Plus World Market, and Marshalls; and Round Rock Crossing, anchored by Target and Best Buy. Other major retail tenants in the surrounding area include Walmart Supercenter, Costco, and more.

In addition, the property is located in close proximity to The Landing @ Hutto and Hutto Co-Op District mixed-use developments, which are slated to include more than 1,649 new multifamily residential units and more than 310,000 square feet of commercial space. The site is located across the street from Hutto High School, drawing additional traffic from students, parents, and teachers to the area surrounding the site. In addition, the property is located less than 2 miles form the Hutto campus of Temple College and Texas State Technical College. DEMOGRAPHICS

210 Ed Schmidt Blvd | Hutto, TX 78634

Top Employers # of in Temple Employees

Hutto Independent School District 927 2020 TOTAL POPULATION AVERAGE HOME VALUE AVG. HOUSEHOLD INCOME H-E-B 300

89,503 $304,629 $123,967 City of Hutto 165

Waste Management 120

Population Summary 1 Mile 1 3 Miles 5 Miles Lowe’s Home Improvement 100 2010 Total Population 5,513 21,137 55,768 Home Depot 95 2020 Total Population 8,302 37,685 89,503

2025 Total Population 10,240 44,942 103,671 Covert 80

2020-2025 Annual Rate 4.29% 3.58% 2.98% FL Crane 70 2020 Total Daytime Population 7,717 31,515 74,575 Builder’s First 66 Average Household Income

2020 $97,019 $103,801 $123,967 Texas State Technical College 50 2025 $106,661 $112,227 $134,946 Average Home Value

2020 $246,142 $255,631 $304,629 2025 $254,627 $269,357 $322,601

PRESERVE WEST CAPITAL | 15 Approved by the Texas Real Estate Commission for Voluntary Use

Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. Information About Brokerage Services

efore working with a real estate broker, you should Act. The broker must obtain the written consent of each know that the duties of a broker depend on whom party to the transaction to act as an intermediary. The the broker represents. If you are a prospective written consent must state who will pay the broker and, in Bseller or landlord (owner) or a prospective buyer or conspicuous bold or underlined print, set forth the broker’s tenant (buyer), you should know that the broker who lists obligations as an intermediary. The broker is required to the property for sale or lease is the owner’s agent. A treat each party honestly and fairly and to comply with broker who acts as a subagent represents the owner in The Texas Real Estate License Act. A broker who acts cooperation with the listing broker. A broker who acts as as an intermediary in a transaction: a buyer’s agent represents the buyer. A broker may act as (1) shall treat all parties honestly; an intermediary between the parties if the parties (2) may not disclose that the owner will accept a consent in writing. A broker can assist you in locating a price less than the asking price unless authorized in property, preparing a contract or lease, or obtaining writing to do so by the owner; financing without representing you. A broker is obligated (3) may not disclose that the buyer will pay a price by law to treat you honestly. greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and IF THE BROKER REPRESENTS THE OWNER: (4) may not disclose any confidential information or The broker becomes the owner’s agent by entering into an any information that a party specifically instructs the agreement with the owner, usually through a written - broker in writing not to disclose unless authorized in listing agreement, or by agreeing to act as a subagent by writing to disclose the information or required to do so accepting an offer of subagency from the listing broker. A by The Texas Real Estate License Act or a court subagent may work in a different real estate office. A order or if the information materially relates to the listing broker or subagent can assist the buyer but does condition of the property. not represent the buyer and must place the interests of With the parties’ consent, a broker acting as an the owner first. The buyer should not tell the owner’s intermediary between the parties may appoint a person who agent anything the buyer would not want the owner to is licensed under The Texas Real Estate License Act know because an owner’s agent must disclose to the and associated with the broker to communicate with and owner any material information known to the agent. carry out instructions of one party and another person who is licensed under that Act and associated with the broker IF THE BROKER REPRESENTS THE BUYER: to communicate with and carry out instructions of the The broker becomes the buyer’s agent by entering into an other party. agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent If you choose to have a broker represent you, can assist the owner but does not represent the owner you should enter into a written agreement with the broker and must place the interests of the buyer first. The owner that clearly establishes the broker’s obligations and your should not tell a buyer’s agent anything the owner would obligations. The agreement should state how and by not want the buyer to know because a buyer’s agent must whom the broker will be paid. You have the right to disclose to the buyer any material information known to the choose the type of representation, if any, you wish to agent. receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you IF THE BROKER ACTS AS AN INTERMEDIARY: have any questions regarding the duties and A broker may act as an intermediary between the parties responsibilities of the broker, you should resolve those if the broker complies with The Texas Real Estate License questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question EQUAL HOUSING OPPORTUNITY or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

01A TREC No. OP-K Putnam Daily Michael Maffia Partner Managing Partner 415.445.5107 415.373.4060 [email protected] [email protected] CA RE License #01750064 CA RE License #01340853