Nacogdoches Crossing (The “Property”), a 22,434 Square Foot Neighborhood Shopping Center Located in the Rapidly Growing Northeast Submarket of San Antonio

GDOC NACO HES CROSSING OFFERING SUMMARY

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp a Texas licensed real estate broker (“HFF”).

78% LEASED WALMART SHADOW-ANCHORED RETAIL CENTER WITH ADJACENT DEVELOPMENT SITE 6826 NORTH LOOP 1604, SAN ANTONIO, TEXAS 78247 OGDOCH NAC ES OFFERING SUMMARY CROSSING

EXECUTIVE SUMMARY HFF is pleased to present the opportunity to acquire Nacogdoches Crossing (the “Property”), a 22,434 square foot neighborhood shopping center located in the rapidly growing northeast submarket of San Antonio. The Property is currently 78% occupied by a diverse mix of internet-resistant tenants and is shadow-anchored by a Walmart Supercenter. Current occupancy presents investors with a significant value-add opportunity through lease up of vacant space, combined with stable existing cash flow. Additionally, the Property features approximately 2 acres of development-ready land able to accommodate approximately 19,000 square feet of retail product. Nacogdoches Crossing presents investors with a unique combination of immediate upside through leasing of vacant suites and future development potential in one of the country’s fastest growing cities. PROPERTY OVERVIEW ECONOMICS SUMMARY Address 6826 North Loop 1604, Key Tenants SF Expiration Total Price: $4,500,000 San Antonio, TX 78247 Cato Fashions 4,060 January, 2022 Size 22,434 RSF Taco Cabana 3,021 April, 2021 Existing Improvements: $3,500,000 Rolling Oaks Dental 1,926 December, 2021 In-Place NOI: $247,716 Acreage 5.86 Acres

Cap Rate: 7.08% Parking 319 Spaces* (14:1,000) Shadow Anchor PSF (existing): $156 78% Occupancy Walmart Supercenter - 220,000 square feet Additional Development Site: $1,000,000

Year Built 2005 PSF (land): $11.00 Development Site 2 Acres (NOTE: existing improvements and additional development 2 site are on the same parcel and will be sold together) *includes parking spaces built out for future development OGDOCH NAC ES INVESTMENT HIGHLIGHTS CROSSING

Evans Rd

SUPERIOR LOCATION, ACCESS & VISIBILITY ROLLING OAKS MALL Nacogdoches Rd • Dillard’s • JCPenney Evans Rd • Nacogdoches Crossing is situated along Loop 1604 (100,000 VPD) • Macy’s • Sears BRACKEN at the Nacogdoches intersection with strong visibility from the access road

• The Property is located within an established trade area near the Judson Rd I-35/Loop 1604 interchange and is shadow-anchored by a Walmart Future Supercenter Stahl Rd H-E-B Site VILLAGE AT FORUM PARKWAY • Spec's Liquor SELMA • The trade area is highlighted by 1MM square feet of retail across • Oice Depot O’Connor Rd • Factory Mattress the street at Rolling Oaks Mall as well as a future H-E-B grocery • Chuck E. Cheese Schertz Pkwy Nacogdoches RdToepperwein Rd store site Future THE FORUM • In addition to the traffic generated by Loop 1604, the Property sits IKEA Site • Target • Home Depot • Best Buy • Pet Smart just north of the intersection of Loop 1604 and I-35, an area that • Kohl’s • World Market LIVE OAK • TJMaxx • Hobby Lobby will soon be enhanced by a new 290,000 square foot IKEA Evans Rd Lookout Rd TRIANGLE SHOPPING CENTER • The Property has benefited from northern sprawl and population • Gold’s Gym • Gattiland • Aarons Rents • Wingstop growth as well as the nearby Randolph Air Force Base with over • Dollar Tree • Tuesday Morning Toepperwein Rd 1,200 active military personnel UNIVERSAL CITY Wurzbach Pkwy

O’Connor Rd

Randolph Blvd Randolph Air Force Base 1-Mile 3-Mile 5-Mile Radius Radius Radius DEMOGRAPHICS Crestway Dr Population (2017) 3,983 61,320 171,410 CONVERSE Population Growth 2017 - 2022 9.0% 9.6% 9.2% TRAFFIC COUNTS IH-35 191.955 Population Growth 2010-2017 17.4% 17.4% 15.8% LoopWalzem 1604 Rd 100,656 Average Household Income $79,720 $75,368 $83,485 Nacogdoches Rd 21,000

3 OGDOCH NAC ES OFFERING SUMMARY CROSSING

TRIANGLE SHOPPING CENTER • Golds Gym • Gattiland • Aarons Rents • Wingstop THE FORUM Regal Cinemas Gold’s Gym • Dollar Tree • Tuesday Morning NORTHEAST • Target • Kohl’s • Home Depot • World Market METHODIST HOSPITAL • Best Buy • TJMaxx • PetsMart • Hobby Lobby , VDP FUTURE DOWNTOWN SAN ANTONIO Academy Costco IKEA MILES VILLAGE AT SUMMER AUSTIN FORUM PARKWAY TOEPPERWEIN RD MILES RAINTREE • Spec's Liquor 400 HOMES RETAMA SPRINGS • Oice Depot 500 HOMES • Factory Mattress • Chuck E. Cheese

D ROLLING MEADOWS V

400 HOMES , Jim’s Sonic ROLLING OAKS MALL FUTURE Restaurant H E B SITE • Dillard’s • JCPenney NACOGDOCHES RD • Macy’s • Sears Wendy’s Walmart , VDP NACOGDOCHES RD Burger King Supercenter

Whataburger

STAHL RD IHOP McDonald’s Navy Federal Credit Union UNDER CONSTRUCTION

4 OGDOCH NAC ES SITE PLAN CROSSING

WALMART SUITE TENANT SF SUPERCENTER 101 Texas Vape Stores 1,280 Development Development site 102 Rolling Oaks Dental 1,926 NOT A PART ready pad site on oers existing 104 Terra Spa 1,800 approx. 2 acres parking field 105 State Farm 1,000 complete with 106 Subway 1,500 lighting and 107 Taco Cabana 3,021 landscaping 202 Cato Fashions 4,060 Shadow-anchored by only 203 Angel Nails 1,000 Walmart servicing 204 Available 1,482 Northeast Loop 1604 Future Development 207 202 203 204 206 206 Available 3,565 21,000 VEHICLES PER DAY PER VEHICLES 21,000 207 U.S. Army 1,800 Lease-up of existing vacancies provides TOTAL SF 22,434 approximately $136k in additional NOI

101 102 104 105 NOT A PART 106 Navy Credit Union Future Future Future 107 NOT A PART (Under Construction) Pad Site Pad Site Pad Site

NOT A PART NOT A PART NACOGDOCHES RD NACOGDOCHES

N LOOP 1604 ACCESS ROAD Point of Ingress/Egress from Access Road Available Leased N LOOP 1604 E 100,656 VEHICLES PER DAY Southeast corner of FUTURE Loop 1604 & HEB SITE Nacogdoches Rd

5 OGDOCH NAC ES INVESTMENT HIGHLIGHTS CROSSING

INCOME STABILITY PAIRED WITH VALUE ENHANCEMENT DEVELOPMENT READY PAD SITE • Currently 78% occupied, the lease-up of existing vacancy has the potential to • A development-ready pad site consisting of approximately 2 acres is available increase NOI by $136,000 annually with the Property, offering potential investors the opportunity to develop up to 19,000 additional square feet • Staggered rollover in the first 4 years offers limited exposure to large vacancies and a mark-to-market opportunity with existing rents 13% below • This pad site has a paved parking area complete with lights and landscaping, the competitive set eliminating a significant portion of the site development costs

• The Property offers a diverse tenant mix, consisting of restaurant, medical, • Only 330,000 square feet of new product is currently under construction in military and salon services the entire submarket, 290,000 of which is the new IKEA

• 77% of existing tenants are service-based, creating an internet and Amazon • Limited construction starts coupled with tightening occupancy presents ideal resistant asset market conditions for near term development

6 OGDOCH NAC ES INVESTMENT HIGHLIGHTS CROSSING

QUALITY TENANCY AND CONSTRUCTION

• State Farm, Subway and Taco Cabana add nationally recognized brands while increasing consumer traffic to the Property

• Recent, high quality construction offers superior curb appeal with limited future capital requirements

STRONG MARKET FUNDAMENTALS

• The current submarket is 93% occupied and occupancy rates have remained above 90% since 2005

• Average quoted rental rates of $20.87 to $24.83 per square foot NNN amongst competitive set offer the ability to substantially increase rental rates, which currently average $18.09

• Rental rates in the northeast submarket have increased 14% since 2011

• The population is expected to grow 9% over the next five years within a 5-mile radius of the Property

7 OGDOCH NAC ES ADDITIONAL INFORMATION CROSSING

ADDITIONAL INFORMATION If you have any questions or require additional information, please contact any of the individuals below. 500 West 5th Street DEBT INFORMATION Suite 1200 JOHN TAYLOR DREW FULLER BENTLEY SMITH MIKE RESTIVO KYLE SPENCER Austin, TX 78701 USA Managing Director Associate Director Real Estate Analyst Real Estate Analyst Director 512-532-1900 [email protected] [email protected] [email protected] [email protected] [email protected] 512-532-1901 210-386-0080 512-532-1931 512-532-1971 512-532-1974 512-532-1921 www.hfflp.com

©2017 Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P. (“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.