Pizza Hut 10-Year Single Tenant Absolute NNN Lease Investment 1301 Garth Road

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Pizza Hut 10-Year Single Tenant Absolute NNN Lease Investment 1301 Garth Road | BAYTOWN (HOUSTON), TEXAS

Confidential Offering Memorandum

$1,350,000 Cap Rate: 5.56% NOI: $75,000

Presented by Shireen Owlia | 281.477.4300 | www.newquest.com Contents Table of Table of Contents

Confidentiality & Disclaimer 3

Investment Summary 4

Investment Highlights 5

Property Overview 6

Financial Overview The Offering 7 Rent Schedule 7 Operating Statement 7 Lease Abstract 8 Tenant Profile 9

Location Overview Houston MSA 10 Baytown Trade Area 12

Information About Brokerage Services 15

Contact: NewQuest Properties 8827 W. Sam Houston Parkway, N. Suite 200 Houston, Texas 77040

Shireen Owlia [email protected] 281.640.7693

*The information herein has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy thereof. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 2 Confidentiality Disclaimer

The information contained in this Offering Memorandum is This Offering Memorandum is furnished to prospective purchasers for the purpose of proprietary and strictly confidential. It is intended to be reviewed determining whether to invest in the subject property offered hereby. This Offering only by the party receiving it from NewQuest Properties and Memorandum has been prepared to provide summary, unverified financial and physical Confidentiality & it should not be made available to any other person or entity information to prospective purchasers, and to establish only a preliminary level of interest Disclaimer without the written consent of NewQuest Properties. By taking in the subject property. The information contained in this Offering Memorandum has possession of and reviewing the information contained herein been obtained from sources believed to be reliable; however, NewQuest Properties has the recipient agrees to hold and treat all such information not verified, and will not verify, any of the information contained herein, nor has NewQuest in the strictest confidence. The recipient further agrees Properties conducted any investigation regarding these matters. The information that recipient will not reproduce, redistribute, photocopy or contained herein is not a substitute for a thorough due diligence investigation. All duplicate any part of the Offering Memorandum without the potential buyers must take appropriate measures to verify all of the information set prior written consent of NewQuest Properties or the owner(s) forth herein. Prospective buyers shall be responsible for their costs and expenses of of the subject property (“Owner”). If you have no interest in investigating the subject property. the subject property at this time, please return this Offering Neither Owner nor NewQuest Properties nor any of their respective subsidiaries, Memorandum to NewQuest Properties. affiliates, companies, or the officers, directors, employees, agents and representatives of any such entities, etc., make any representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the subject property or any other matters set forth herein. Prospective purchasers are not to construe the contents of this Offering Memorandum or any prior or subsequent information communications from the Owners or any of their respective officers, employees or agents as legal, tax or other advice. Prior to purchasing, prospective purchasers should consult with their own legal counsel and personal and tax advisors to determine the consequences of an investment in the subject property and arrive at an independent evaluation of such investment. No commission or finder’s fee shall be payable to any party by the Owner nor any affiliate or agent thereof in connection with the sale of the subject property, unless otherwise agreed to by Owner in writing. Acquisition of properties such as these offered hereunder involves a high degree of risk and are suitable only for persons and entities of substantial financial means. Prospective purchasers are hereby advised that Owner of the subject property are soliciting offers through NewQuest Properties, which may be accepted or rejected by Owner at Owner’s sole discretion. Any solicitation of an offer for the subject property offered hereunder will be governed by this Offering Memorandum, as it may be modified or supplemented. Prospective purchasers are advised that as part of the offer process, Owner will be evaluating several factors including the experience and financial qualifications of the purchasing entity. Owner shall have no obligation to accept any offer from any prospective purchaser. Owner reserves the right to withdraw the subject property from consideration at any time prior to final execution of a purchase agreement.

PROPERTY OVERVIEW NewQuest Properties is pleased to exclusively present Address 1301 Garth Road, Baytown, Harris County, Texas 77520 to qualified investors the sale of a leased free-standing, Property Type Retail, Free-Standing Restaurant with Drive-Thru single tenant building operating as a Pizza Hut in Baytown, Building Size 1,218 SF Texas — located just 27 miles east of Downtown Houston Lot Size 20,870 SF 2016 (Scrape & Rebuild from Ground-Up), but Operating Since (the “Property”). The Property is comprised of 1,218 SF in Year Built 1976 improvements on 20,870 SF of land. Upon closing, the Property will be subject to a new 10-year absolute triple-net (NNN) sale- LEASE OVERVIEW Tenant AIGP, LLC d/b/a Pizza Hut leaseback, with no management or landlord responsibilities.

Lease Type Absolute NNN; No Landlord Responsibilities Investment The lease will have five 4-year renewal options. Base rent Summary Lease Term 10 years commences at $75,000/yr, with a 10% rent increase for Years Starting Rent $75,000/yr 6-10 (Primary Term) and Years 11-14 (Option 1). An 8% rent 10% increase for Primary Term (Years 6 - 10) Rent Increases 10% increase for Option Term 1 (Years 11 - 15) increase continues every four years for Options 2 through 5. 8% increase for Option Terms 2 - 5 (4-Year Duration Each) The Pizza Hut is operated by and leased to AIGP, LLC d/b/a Renewal Options 5 4-Year Options Pizza Hut, one of the nation’s largest pizza chains with more Lease Commencement Close of Escrow than 16,000 restaurants in over 100 countries and territories. THE OFFERING Pizza Hut has been operating at this location since 1976, and PriceABSOLUTE NNN $1,300,00010-YEAR 18+ UNIT the building was voluntarily scraped and rebuilt in 2016. LeaseCap Ra Withte No Management 5.77%Brand New Primary Term Experienced Pizza Hut Net OpResponsibilitieserating Income (NOI) $75,000Sale Leaseback Operator Ownership Interest Fee Simple Absolute with Absolute NNN Lease THE OFFERING Price $1,350,000 Cap Rate 5.56% Net Operating Income (NOI) $75,000 Ownership Interest Fee Simple Absolute Attractive Above Average No with Absolute NNN RENT ESCALATIONS SALES STATE INCOME TAX

LOCATION OVERVIEW Located in Southeast Texas near the Gulf of Mexico, Houston is a leading destination for investors due to its diverse economy, stable job market, and dynamic growth. These qualities are driven by superior infrastructure, reasonable cost of living, and vast diversity in the industries that conduct business within the city. Houston is the most populous city in Texas and the fourth most populous city in the United States. It is internationally known as the “Energy Capital of the World” and is home to both the world’s largest medical center and NASA Johnson Space Center. The Property is located in Baytown, a flourishing and high growth suburb of Houston, Texas. The site benefits from great visibility, widespread growth, and excellent daytime population. The Property is near in proximity to ExxonMobil (over 3,400 employees), Lee College (over 6,500 students), Palais Royal, Dollar General, Dollar Tree, and Food Town. The adjacent Whataburger and McDonald’s have double-lane drive-thru service.

BRAND NEW BUILDING, YET LEGACY PROPERTY

Pizza Hut Has Been Operating at this location Since 1976; the building was voluntarily 105 Conroe scraped and rebuilt in 2016. 336 105

242 The Woodlands HURRICANE HARVEY PROOF 249 45 146 59 Investment Property endured 35 inches of rain and opened for business within days of the hurricane. Spring Highlights Humble 290 Cypress 1960

90 8 BRAND NEW 10-YEAR ABSOLUTE NNN SALE-LEASEBACK WITH NO 99 LANDLORD OBLIGATIONS 10

SITE Property offers investors a long-term cash flow from a passive investment with no 10 6 610 East End Katy Houston Baytown landlord responsibility throughout the base lease term or option periods. 610 Trinity Bay 146 90 8 Sugar Land ATTRACTIVE RENT ESCALATIONS 90 59 Rosenberg Pearland Lease features 10% rent escalations four two 5-year periods, then 8% rent escalations for Galveston Bay 6 288 the remaining four 4-year periods, offering investors a hedge against inflation. 45 Texas City Gulf of Mexico Galveston EXPERIENCED OPERATOR WITH PROVEN TRACK RECORD AIGP, LLC owns 19 Pizza Hut locations and is headed by Anand “Andy” Patel, a 30-year veteran in the franchise restaurant industry.

SITE INCOME TAX-FREE STATE The State of Texas does not have individual State Income Tax.

DENSE RESIDENTIAL AREA WITH FAVORABLE DEMOGRAPHICS Surrounded by a 1-mile population of 9,959 individuals with an average household income of $48,577.

STRONG SALES AND LIMITED COMPETITION Above average sales with limited pizza delivery competition.

PROPERTY DESCRIPTION TRAFFIC COUNTS Location NEQ Garth Road & Decker Drive Garth Road 13,180 Vehicles Per Day Address 1301 Garth Road, Baytown, Texas 77520 Decker Drive 16,314 Vehicles Per Day County Harris Property Type Retail, Free-Standing Restaurant with Drive-Thru DEMOGRAPHICS 1 MILE 2 MILES 3 MILES 5 MILES Building Size 1,218 Lot Size 20,870 Population 9,959 38,719 68,756 99,151 Year Built 2016 Population Growth Since 2010 17.03% 27.04% 29.63% 29.48% Ownership Interest Fee Simple Absolute with Absolute NNN Lease Average Household Income $48,577 $61,964 $66,770 $73,574 1 Curb Cut on Garth Road, Cross-Access with Access Daytime Population 8,834 28,861 42,046 59,479 adjacent Whataburger Parking 18 parking spaces

5W-1 6357C4

201.33

130 HARRIS COUNTY APN: 1383150010001132.14

-0384 Overview RES 1 Property 935.02 66.27 200 0.76 HarrisHarris 266.27 65F 158.47(C) GOOSE CREEK CONSOLIDATED ISD SCH 1310 GARZAS PLACE -0001 County 140 County COMMUNITY GUIDANCE CENTER 133-547 045-144-003-0338 1 140 122-894 126.14 3.6800 AC. -0001 898.25 AppraisalAppraisal 240.04 1 219.17 | 511.67 65E

1 216 DistrictDistrict 117.91

1301 045-144-003-0337 -0001 THE GROCERS SUPPLY CORPORATION3.1300 AC.

161.47 819.3 161.97 1 RES A | 125 DECKER CENTER IMPROVEMENTS GARTH CORNER 174.37

33 276.47 137-840 138-315 PIZZA HUT GARTH ROAD 90 47 |1 1 ) C 122-485 ( 56.45 89.49 .8 0 100 200

PHASE 1 1002 9 80 0 738.14 4 -0417 102.03 185.89 102.03 PUBLICATION DATE: 200.26 207.2 1.3052 AC LINDWOOD 137-840-001-0001316.09 12/27/2017 1907 80 -0009 STREET 80 63 Geospatial or map data 200 1700 75 maintained by the Harris 74 75 County Appraisal District 1905 78 045-144-003-0034

-0010 110 is for informational purposes

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200 -0075 and may not have been 4D 12.0800 AC 1007 142.42 -0074 80 65B-1 65B prepared for or be suitable 78.34 213.26 153.46 80 1903 84 for legal, engineering, or 35.74 80 -0011 78 176.23 35.01 234.08 surveying purposes. It 200 60 6357C7 6357D5 4E 35-0422 59 60 does not represent an 78 RESERVE 58

35 89.49 on-the-ground survey and 110

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66E -0058 11 approximate location of ³ 84 115.53 80 28.23 192.47 332.52(C) 26 5.76 property boundaries. 4.04

79.91 37 MCDONALDS AT MEMORIALROSEWOOD DRIVE DRIVE MAP LOCATION DECKER DRIVE 31 80 66A-2 36.35 80 80 80 96.64 GARTH ROAD AND DECKER DRIVE R/P 60 57.26 13.65 44 44 66A 42 43 122-478 40 41

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22.54 -0067 29.7 80 -0412 154.73 80 80 100 80 370.99(C) 67A-1 150 67A -041369 FLEETWOOD DRIVE 80 80 80 *The information herein has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as -0038 80 80 121.77 80 130.97 86.3 100 6 153.59 6 5 FACET to the accuracy thereof. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 1 2 3 4 214.78 110

230.82 5J-1 5J 5K 138.34 110

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24.21 21.21 59 66 75 25.53 14 43.22 93 15 14 41.9 107.83(C) 17 16 180 21 20 19 18 5 6 7 8

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105 1004 105 131.52 19 105

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-0018 100 -0019 118.08 -0021 12 75 75 75 9 10 11 12 98.68 | 75 93.2 59 66 100 PRUETT ESTATES 43A 6357C12 WEST LOBIT AVE Financial Overview

THE OFFERING RENTRENT SCHEDULE SCHEDULE Net Operating Income (NOI) $75,000 Lease Year Annual Rent Increases Cap Rate 5.56% Years 1-5 $75,000 Price $1,350,000 Years 6-10 $82,500 10% Price / SF (Building) $1,108.37 Option 1: Years 11-14 $90,750 10% Price / SF (Land) $64.69 Option 2: Years 15-18 $98,010 8% Rent / SF / Year $61.58 Option 3: Years 19-22 $105,851 8% Ownership Interest Fee Simple Absolute with Absolute NNN Lease Option 4: Years 23-26 $114,319 8% Assumable Debt None Option 5: Years 27-30 $123,465 8%

(ESTIMATED)ESTIMATED OPERATING OPERATING STATEMENT STATEMENT Investment Year 1 2 3 4 5 6 7 8 9 10 Revenue Rental Income $75,000 $75,000 $75,000 $75,000 $75,000 $82,500 $82,500 $82,500 $82,500 $82,500 Total Revenue $75,000 $75,000 $75,000 $75,000 $75,000 $82,500 $82,500 $82,500 $82,500 $82,500 Cash Flow Before Debt Service $75,000 $75,000 $75,000 $75,000 $75,000 $82,500 $82,500 $82,500 $82,500 $82,500 Overview Financial

(Proposed) Lease Abstract Pizza Hut | 1301 Garth Road | Baytown (Houston MSA), Texas 77520 Tenant AIGP, LLC d/b/a Pizza Hut Guarantor AIGP, LLC Lease Type Absolute NNN; No Landlord Responsibilities Lease Term 10 Years Lease Term Remaining 10 Years on Primary Term Lease Commencement Upon Closing of Escrow Starting Rent $75,000 Rental Increases 10% every 5 years Option to Renew 5 4-year Options Option Rent Increases 10% for Option 1, 8% for Options 2-5 Tenant to maintain Premises and all buildings and improvements thereon (interior and exterior, structural and otherwise) in good order Roof & Structure and repair

Tenant permitted to install trade fixtures and other personal property, but shall not impair the structural condition of the Premises or reduce the size thereof and provided further that any such change may not diminish the value of the Premises. Any such construction, Alterations & Improvements alterations or remodeling shall be made in a workmanlike manner and in full compliance with all building laws and ordinances applicable thereto, at Tenant's expense. All such additions, alterations, changes and improvements shall be a part of the Premises.

this Lease or sublease the Premises without Landlord consent to: (a) any Affiliate, (b) any franchisee of Tenant or any Affiliate, (c) any Sublet/Assignment franchisor of Tenant or any Affiliate, or (d) any successor of Tenant by operation of law such as merger ((a), (b), (c) and (d) hereafter Overview paragraph 10 hereof) to sell, convey, transfer or assign its interest in the Premises or its interest in this Lease... Financial ROFR/Offer Yes, conditional Each party agrees, within ten (10) days after receipt of written request by the other, but not more frequently than twice in any period of Estoppel twelve (12) consecutive months, to execute, acknowledge and deliver...

the Premises, Tenant will subordinate its rights under this Lease to the lien thereof and to all advances made or hereafter to be made upon SNDA the security thereof, and Tenant shall execute, acknowledge and deliver a commercially reasonable instrument in the form customarily used by such encumbrance holder to effect such subordination; conditions apply

Permitted Use Limited to those uses permitted under the zoning for the Premises Real Estate Taxes Tenant responsibility Tenant responsibility to maintain; "all Commercial General Liability policies shall name Landlord and any mortgagee designated by Insurance Landlord as an additional insured."

"Tenant shall pay all charges for heat, water, gas, sewage, electricity and other utilities used or consumed on the Premises... Landlord shall Utilities not be liable for any interruption or failure in the supply of any such utility service to the Premises unless caused by or resulting from the gross negligence or willful misconduct of Landlord, its agents, servants, employees or contractors."

AIGP, LLC Pizza Hut Yum! Brands, Inc.

• AIGP, LLC (“AIGP”) was formed in 2016 with the • Since 1971 and until 2018, Pizza Hut has been the • Founded in 1997 and based in Louisville, Kentucky, purchase of 18 Pizza Huts in the greater Houston top pizza chain in the U.S. in terms of both unit Yum! Brands, Inc. (NYSE: YUM) is one of the world’s area, with an additional unit opening in 2018. count and revenue. Pizza Hut has more than a largest fast food restaurant companies, with over AIGP boasts average sales at almost double the 50-year history, beginning in 1958 in Wichita, 45,000 restaurants in more than 135 countries national Pizza Hut national average and has plans Kansas. and territories. Yum! Brands, Inc. currently owns to continue that success. With a 19-restaurant • Today, Pizza Hut is an iconic global restaurant approximately. 10,000 restaurants, but will shrink portfolio to date, the company is well capitalized chain known for serving various styles of pizza, that number to fewer than 1,000 as the number of and positioned for future growth. wings, pasta, and side dishes including salad, eateries owned by franchisees rises from 77% to at • AIGP is an affiliate of Apple Investors Group breadsticks, garlic bread, and desserts. Pizza least 98% by the end of 2018. based in Boynton Beach, Florida. Apple Hut operates in the delivery, carry out, and casual • The company’s restaurant brands – Pizza Hut, Investors Group currently owns over 150 dining segments around the world. Keeping up KFC, and Taco Bell – are global leaders of the restaurants including Burger King, Applebee’s, with technology, a growing percentage of Pizza pizza, chicken, and Mexican-style food categories. and others. The operating partner, Anand “Andy” Hut’s customer orders are being generated Worldwide, the Yum! Brands system opens over Patel, has almost 30 years of experience in the digitally. seven new restaurants per day on average, making Overview restaurant industry. Among his many accolades, • Pizza Hut is now corporately known as Pizza Hut, it a leader in global retail development. Financial Andy recently won the 2017 MVP “American Inc. and is a subsidiary of Yum! Brands, Inc., the Dream Award” from the Multi-Unit Franchising world’s largest restaurant company. Pizza Hut Company Type: Public (NYSE: YUM) Conference. operates in over 100 countries and territories Website: www.yum.com throughout the world. As of year end 2017, Pizza Company Type: Franchisee Hut had 16,000 units internationally, including Website: www.appleig.com 6,300 domestically. Over 97% of domestic Pizza Hut units are franchised. All Pizza Hut units in the greater Houston area are franchised.

Company Type: Subsidiary Website: www.pizzahut.com

Located in Southeast Texas near the Gulf of Mexico, the Houston DOWNTOWN MSA is a leading destination for investors due to its diverse economy, HOUSTON stable job market, and dynamic growth. These qualities are driven by the multitude of industries that conduct business within the city, its superior transportation infrastructure, and reasonable cost of living. Houston’s unique composition serves as a buffer to national economic trends, resulting in continued expansion.

The city is internationally known as the “Energy Capital of the World” and is home to both the world’s largest medical center and NASA’s Johnson Space Center. Houston is colloquially referred to as “Greater Houston” (encompassing nine counties centered around Harris County, the third largest county in the nation) or the “Houston MSA” (Houston- The Woodlands-Sugar Land Metropolitan Statistical Area).

GALLERIA / UPTOWN

GROWTH | As the FOURTH MOST POPULOUS CITY IN THE U.S., the City of Houston has a population of approximately 2.3 million. It has been Texas’ TOP DESTINATION FOR THE EIGHT CONSECUTIVE YEAR in a row. With a population of 6,892,427 as of July 1, 2017, the Houston MSA is the FIFTH MOST POPULOUS AND THE SECOND FASTEST GROWING METRO AREA in the U.S. The city ranked SECOND FOR HOUSING STARTS in 2017 and has LED THE NATION IN INDUSTRIAL CONSTRUCTION over the past 10 years. Overview EMPLOYMENT | The city ADDED 62,900 JOBS in 2017, a 2.1% increase from Location 2016. Houston’s employment has REBOUNDED SINCE HURRICANE HARVEY (August 2017) and CONTINUES TO GROW at a moderate pace. HOUSTON IS 6TH IN THE NATION FOR JOB GROWTH.

COST-EFFECTIVE | Houston has a reputation for being cost-effective, both for businesses and their employees. The city benefits fromNO STATE OR CITY TAXES on personal and corporate income, and is coupled with some of the LOWEST HOUSING AND LIVING COSTS AMONG the top 20 major U.S. metros. The Houston MSA is HOME TO 20 FORTUNE 500 HEADQUARTERS, ranking fourth among metro areas.

GROSS AREA PRODUCT | The Houston MSA’s Gross Area 1301 Garth Rd 1 Mile 2 Miles 3 Miles 5 Miles Product is EXPECTED TO MORE THAN DOUBLE between 2015 Baytown, TX and 2020, growing at a compounded annual rate of 3.1 percent, OUTPACING THE U.S. RATE of 2.7 percent. Only 23 foreign Current Households 3,267 13,366 24,173 34,641 countries’ Gross Domestic Product exceed Houston’s. Current Population 9,959 38,719 68,756 99,151

2010 Census Average Persons per Household 3.05 2.90 2.84 2.86 IMPORTS/EXPORTS | Among U.S. seaports, the Port of Houston ranked FIRST IN FOREIGN TONNAGE for 20 consecutive 2010 Census Population 8,521 30,682 53,522 77,230

years, and FIRST IN IMPORT TONNAGE for 25 consecutive years. POSTAL COUNTS Population Growth 2010 to 2017 17.03% 27.04% 29.63% 29.48% Houston maintains the SECOND LARGEST EXPORT MARKET in the U.S. 1 Person Household 23.30% 25.74% 25.78% 23.72%

ENERGY | Houston is RECOGNIZED WORLDWIDE FOR ITS 2 Person Households 23.66% 25.20% 26.17% 27.41%

ENERGY INDUSTRY, particularly for oil and natural gas. The city 3+ Person Households 53.04% 49.07% 48.05% 48.88% features the LARGEST PETROCHEMICAL COMPLEX IN THE U.S. (SECOND LARGEST IN THE WORLD). Renewal energy sources, Owner-Occupied Housing Units 51.45% 52.98% 55.20% 59.94% including wind and solar, are growing economic bases in Houston.

CENSUS HOUSEHOLDS Renter-Occupied Housing Units 48.55% 47.02% 44.80% 40.06%

MEDICAL INDUSTRY | Houston is home to THE TEXAS 2017 Estimated White 51.02% 55.86% 56.86% 58.58% MEDICAL CENTER, THE WORLD’S LARGEST MEDICAL 2017 Estimated Black or African American 21.76% 17.35% 18.42% 18.01% COMPLEX, with 50 million developed square feet and $3 billion

in construction projects underway. The center employs 106,000 2017 Estimated Asian or Pacific Islander 1.91% 1.82% 2.70% 2.65% individuals and accommodates over 7.2 million annual patient visits. 2017 Estimated American Indian or Native Alaskan 0.89% 0.70% 0.58% 0.65%

2017 Estimated Other Races 24.43% 24.27% 21.44% 20.12%

DIVERSITY AND RECREATION | Houston is the MOST RACE AND ETHNICITY DIVERSE CITY IN TEXAS (one in four persons is foreign-born) 2017 Estimated Hispanic 55.93% 54.82% 47.90% 44.15% and has the THIRD LARGEST CONSULAR REPRESENTATION in 2017 Estimated Average Household Income $48,577 $61,964 $66,770 $73,574 Overview

the nation. Houston is home to many cultural institutions and Location

exhibits, which attract more than 7 MILLION VISITORS A YEAR. 2017 Estimated Median Household Income $37,951 $45,298 $48,037 $54,155

The Theater District is located in the heart of Downtown Houston INCOME and is home to the Bayou Place entertainment complex featuring 2017 Estimated Per Capita Income $16,704 $22,051 $24,140 $26,282 restaurants, movies, plazas, and parks. Other major attractions 2017 Estimated High School Graduate 24.71% 26.72% 27.49% 27.10% include Houston Zoo, Houston Museum of Natural Science, Space Center Houston, Kemah Boardwalk, and more. Houston is home 2017 Estimated Bachelors Degree 4.87% 8.31% 9.27% 10.61%

to six professional major league teams including the Houston 25+) (AGE

EDUCATION 2017 Estimated Graduate Degree 2.45% 3.64% 4.23% 5.03% Texans (NFL), Houston Rockets (NBA), Houston Astros (MLB), and more. 2017 Median Age 31.3 32.7 32.5 33

The Property is located in Baytown, Texas, approximately 23 miles east of Downtown Houston. The city of Baytown boasts a rich environment, as well as a strong historical and economic heritage. Baytown as we know it today, was formed by the 1948 mergers of three towns: Goose Creek, Pelly, and the unincorporated area known as Baytown. The trio was called the “Tri-Cities” until it was consolidated. The area was awash in oil money after oil was discovered in 1908. The Goose Creek oilfield was the first offshore drilling operation in Texas and just second in the nation. Then, Humble Oil and Refining Company (later known as ExxonMobil) was founded in the area in 1917. Its first refinery was completed in 1921 and the city of Baytown grew in prosperity around it.

Today, Baytown boasts a “strong and stable” economy. Baytown is largely a community centered on industry, including oil, rubber and chemical plants. Home to petrochemical giants, including ExxonMobil and Chevron Philips, Baytown serves an international community through the Port of Houston and Houston Ship Channel which reach 1,053 ports worldwide. With its booming economy, Baytown is experiencing unprecedented growth in industry, retail and housing. The city has maintained high quality of life while becoming a major center for economic growth in the Houston MSA.

TOP AREA UNIVERSITIES School Students University of Houston 43,774 Texas Southern University 10,514 Rice University 6,740

LARGEST BAYTOWN AREA EMPLOYERS Company Employees Exxon Mobil Baytown Complex 3,785 Goose Creek ISD 3,012 Overview Houston Methodist - San Jacinto 1,687 Location Bayer Corporation 1,100 City of Baytown 801 JSW Steel 800 Chevron Phillips Chemical Company 685 Wal-Mart Distribution Center 600 Home Depot Distribution Center 325

SITE Overview Location

Leasing | Tenant Representation | Development | Land Brokerage | Acquisition | Property Management 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: in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the intermediary: broker. • Must treat all parties to the transaction impartially and fairly; • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): party to the transaction. • Put the interests of the client above all others, including the broker’s own interests; • Must not, unless specifically authorized in writing to do so by the party, disclose: • Inform the client of any material information about the property or transaction received by the broker; • that the owner will accept a price less than the written asking price; • Answer the client’s questions and present any offer to or counter-offer from the client; and • that the buyer/tenant will pay a price greater than the price submitted in a written offer; and • Treat all parties to a real estate transaction honestly and fairly. • any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agree- represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of ment with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must the owner first. perform the broker’s minimum duties above and must inform the owner of any material information about the pro erty or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND agent. CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, • Who will pay the broker for services provided to you, when payment will be made and how the payment will be usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above calculated. and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain copy for your records. the written agreement of each party to the transaction. The written agreement must state who will pay the broker and,

Home Asset, Inc., dba NewQuest Properties 420076 - (281)477-4300 Licensed Broker/Broker Firm Name or License No. Email Phone Primary Assumed Business Name H. Dean Lane, Jr. 366134 [email protected] (281)477-4300 Designated Broker of Firm License No. Email Phone H. Dean Lane, Jr. 366134 [email protected] (281)477-4300 Licensed Supervisor of Sales Agent/Associate License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date IABS Form

Regulated by the Texas Real Estate Commission (TREC) | Information available at http://www.trec.texas.gov

8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040 | 281.477.4300

The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice.

15 Please Submit Offers to

Shireen Owlia 281.477.4300 [email protected]

8827 W. Sam Houston Parkway, N. Suite 200 Houston, Texas 77040 www.newquest.com

05.02.2018