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SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542

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SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 NNN LEASED PROPERTY | FOR SALE SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER OFFERING SUMMARY Sales Price $819,000 Cap Rate 7.00% NOI $57,360 Property Overview Oldham Goodwin is pleased to present this NNN leased Sysco Foods Logistics Depot for your consideration. The property is strategically located on US Highway 281, on the north side of Edinburg, Texas and serves that part of the booming Texas Rio Grande Valley area. This facility has excellent visibility, access and exposure, with more than 44,174 vehicles per day. Seven (7) years remain on this absolute NNN lease with no landlord maintenance or other obligations required. Based in Houston, Texas, Sysco Corporation is the largest broad line food distributor in the world. The company is ranked number 54 in the Fortune 500 list of the largest US corporations by total revenue. Sysco operates approximately 330 distribution centers in more than 90 countries worldwide. SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER Investment Highlights • Seven (7) years remaining on corporate guaranteed lease Subject • Absolute NNN lease with no Landlord responsibilities • Excellent location in heart of the Rio Grande Valley • Strategically located on US Highway 281/Interstate 69C in the Edinburg/McAllen/ Pharr area • Visibility and exposure to over 44,000 vehicles per day on US Highway 281/ Interstate 69C • Sysco is the world’s leading global food service provider with a robust international network throughout 90 different countries SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER LEASE SUMMARY Tenant Sysco San Antonio, Inc. Lease Type NNN Roof & Structure Tenant Responsibility Remaining Term 7 Years Lease Commencement Date December 1, 2011 Initial Term End Date November 30, 2026 Options None Rent Increases Annual CPI Increases (12/1 of each year) SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER TENANT SUMMARY Tenant Sysco San Antonio, Inc., a Delaware Corporation Guarantor Sysco Corporation, a Delaware Corporation Number of Locations +/- 330 Years in Business 50 Years (Founded in 1969) Headquarters Location Houston, Texas Website www.Sysco.com Tenant Profile Sysco Corporation (an acronym for Systems and Services Company) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice. The company is headquartered in the Energy Corridor district of Houston, Texas. Sysco is the world’s largest broadline food distributor; it has more than 600,000 clients in a wide array of fields. Management consulting is also an integral part of their services. The company operates approximately 330 distribution facilities worldwide; providing service to over 90 countries. The company was founded by Herbert Irving, John F. Baugh and Harry Rosenthal in 1969. The company became public on March 3, 1970. On July 20, 2009, Fortune magazine ranked Sysco No. 204 in the annual Fortune 500 companies in world based on sales volume. On May 3, 2010, Fortune ranked Sysco as the 7th largest Fortune 500 Company in Texas and 55th largest in the U.S. by total revenue. Sysco is also the largest non-oil related company in Houston and the third largest non-tech related company in Texas, behind AT&T and Dell. The company ranked No. 54 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER BUILDING INFORMATION 4415 North Highway 281 Address Edinburg, TX 78542 Building Area Envelope 6,400 SF Office/Conditioned Space ~2,000 SF on Two (2) Floors Year Built/Renovated 1996 Foundation Poured Concrete Slab Exterior Walls Metal SITE INFORMATION Framing Steel Size 1.587 AC or 69,113 SF Roof Cover Metal Pitched Express Plaza Lot 7 & 8, Legal Description Hidalgo County, Texas Overhead Doors Five (5) Grade Level Access Multiple points of ingress/egress Utilities McAllen Public Utility Zoning Commercial, General ~200’ of frontage on US Highway 281/ Parking to accommodate at Frontage Parking Interstate 69C least 20 tractors/trailers SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER Survey SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER I-69C OVER 44,000 1 Mile 3 Mile 5 Mile VEHICLES PER DAY (TxDOT AADT 2019) 2019 Total Population 1,249 25,162 93,204 TOTAL POPULATION OF OVER 93,000 WITHIN FIVE MILE RADIUS 2024 Total Population 1,389 27,360 100,318 (ESRI 2019) 2019-2024 Annual Growth 2.15% 1.69% 1.48% TOTAL HOUSEHOLDS Rate OVER 26,000 WITHIN FIVE MILE RADIUS 2019 Households 351 6,402 26,000 (ESRI 2019) AVERAGE HH INCOME 2024 Households 390 6,949 27,961 OVER $54,000 WITHIN FIVE MILE RADIUS (ESRI 2019) 2019 Average Home Value $85,372 $95,877 $101,943 TOTAL EMPLOYEES OVER 23,000 2024 Average Home Value $95,476 $115,722 $129,407 WITHIN FIVE MILE RADIUS (ESRI 2019) 2019 Average HH Income $54,355 $52,025 $54,923 AVERAGE HOME VALUE OVER $129,000 2024 Average HH Income $63,087 $59,820 $62,823 WITHIN FIVE MILE RADIUS (ESRI 2019) Sources: Infogroup, Inc & ESRI SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER Disclaimer This Offering Memorandum was prepared by Oldham Goodwin Group, LLC (Broker) solely for the use of prospective purchasers of Sysco Logistics Depot, 4415 North Highway 281, Edinburg, Texas 78542 (Property). Neither the Broker nor the owner of the property (Owner) makes any representations or warranty, expressed or implied, as to the completeness or the accuracy of the material contained in the Offering Memorandum. The Offering Memorandum is solely a solicitation of interest - not an offer to sell the Property. The Owner and Broker expressly reserve the right to reject any or all expressions of interest or offers to purchase the Property and expressly reserve the right to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligations to any entity that is reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such an offer for the Property is approved by the Owner and the signature of the Owner is affixed to a Real Estate Purchase Agreement prepared by the Owner. This Offering Memorandum is confidential. By accepting the Offering Memorandum, you agree that you will hold the Offering Memorandum and its contents in the strictest confidence, that you will not copy or duplicate any part of the Offering Memorandum, that you will not disclose the Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Owner, and that you will not use the Offering Memorandum in any way detrimental to the Owner or Broker. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. This investment involves various risks and uncertainties. You should purchase interest only if you can afford a complete loss of your investment you should carefully consider the risk factors involved in this investment. You may not receive any income from this investment nor a complete return of all your investment. Historical or current real estate performance is no guarantee of future real estate investment product results. INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the • A BROKER is responsible for all brokerage activities, including acts performed by sales broker must fi rst obtain the written agreement of each party to the transaction. The written agents sponsored by the broker. 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: • A SALES AGENT must be sponsored by a broker
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