Offering Memorandum

OFFERING MEMORANDUM

9633 WESTHEIMER RD Glenn Dickerson SEC OF WESTHEIMER RD & GESSNER | HOUSTON, TX 77063 Vice President

Neal Thompson Associate BROKERAGE NON-ENDORSEMENT AND DISCLAIMER NOTICE

CONFIDENTIALITY AND DISCLAIMER The information contained in the following marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only buy the party receiving it from NewQuest Properties and should not be made available to any other person or entity without the written consent of NewQuest Properties. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NewQuest Properties 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 square footage of the property and improvements, 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 tenants plans or intentions to continue it’s occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, NewQuest Properties has not verified, and will not verify, any of the information contained herein, nor has NewQuest Properties conducted any investigation regarding these matters and makes no warrantee or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all the information set forth herein. NewQuest Properties is a service mark of NewQuest Properties Real Estate Investment Services, Inc. © 2018 NewQuest Properties. All rights reserved. THE TEXAS REAL ESTATE COMMISSION (TREC) REGULATES REAL ESTATE BROKERS AND SALES AGENTS, REAL ESTATE INSPECTORS,HOME WARRANTY COMPANIES, EASEMENT AND RIGHT-OF-WAY AGENTS AND TIMESHARE INTEREST PROVIDERS. YOU CAN FIND MORE INFORMATION AND CHECK THE STATUS OF A LICENSE HOLDER AT WWW.TREC.TEXAS.GOV. YOU CAN SEND A COMPLAINT AGAINST A LICENSE HOLDER TO TREC. A COMPLAINT FORM IS AVAILABLE ON THE TREC WEBSITE. TREC ADMINISTERS TWO RECOVERY FUNDS WHICH MAY BE USED TO SATISFY A CIVIL COURT JUDGMENT AGAINST A BROKER, SALES AGENT, REAL ESTATE INSPECTOR, OR EASEMENT OR RIGHT-OF-WAY AGENT, IF CERTAIN REQUIREMENTS ARE MET. IF YOU HAVE QUESTIONS OR ISSUES ABOUT THE ACTIVITIES OF A LICENSE HOLDER, THE COMPLAINT PROCESS OR THE RECOVERY FUNDS, PLEASE VISIT THE WEBSITE OR CONTACT TREC AT: TEXAS REAL ESTATE COMMISSION P.O. BOX 12188 AUSTIN, TEXAS 78711-2188 512.936.3000

NON-ENDORSEMENT NOTICE NewQuest Properties is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of NewQuest Properties, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of NewQuest Properties, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR NEWQUEST PROPERTIES AGENT FOR MORE DETAILS. MEET THE TEAM

GLENN DICKERSON NEAL THOMSON Vice President Associate [email protected] [email protected] 281.477.4384 713.438.9513

3 EXECUTIVE SUMMARY

• Prime Location at Westheimer Rd and Gessner SEC OF WESTHEIMER RD & GESSNER • 333’ of Frontage on Westheimer 9633 Westheimer Rd ADDRESS Houston, TX 77063 • 4.6 Acres with an 84,326 SF Building located at Westheimer PRICE TBD and Gessner. Located in the Westchase District in between Beltway 8 and The Galleria OCCUPANCY VACANT

• Major Area Employer: BMC Software, Baker Hughes, GLA 84,326 SF (2 FLOORS) Phillips66, ABB Group, Chevron, Dow Chemical, Petrochina, Jacobs Engineering LAND AREA 4.6 ACRES

• Over 1500 businesses in the Westchase District YEAR BUILT 1973

YEARS RENOVATED 2007 & 2012

PARKING SPACES 350

4 SALE HIGHLIGHTS 84,326 RBA

4.6 Acres with an 84,326 SF Building located at Westheimer and Gessner. Located in the Westchase District in between Beltway 8 and The Galleria. 4.6 acres The subject site is basically irregular-shaped with approximately 246.76 linear feet of frontage along the east line of South Gessner Road and approximately 333.26 linear feet of frontage along the south line of Westheimer Road. The subject site is currently improved with one (1), two-story, single-tenant retail building totaling 84,326 square feet. 1973 This property was previously leased by Borders Books on a long-term lease, however year built vacated the property in 2010. A furniture retailer has occupied the property on a short- term basis since October, 2014. The subject has a physical address of 9633 Westheimer Road, Houston, Harris County, Texas. It was built in 1973 and last renovated in 2012. 2012 year renovated

350 parking spaces

5 SALE HIGHLIGHTS

PROMINENT RETAIL LOCATION FRONTAGE WITH INCREASING VPD 4.6 acres with an 84,326 SF building in Prime location with 333 feet of frontage off of Houston’s Westchase District, a prime Westheimer with 76,000 VPD. South Gessner daytime shopper and commuter area . Road sees approximately 36,040 VPD.

HIGH INCOME NEIGHBORHOODS EASILY ADAPTABLE FOR NEW USE Located near several major corporate Space is easily configurable as the first floor employers with 569,102+ population and is 42,000 sf of wide open space. The 2nd above average household income of $94,815. floor is 42,000 as well and is wide open with no instructions.

6 REGIONAL MAP

SPRING

249 TEXAS

290

CYPRESS

HCTRA

TOLLWAY

10 KATY 610 HOUSTON 6 99 TEXAS TOLL 9633 WESTHEIMER

59 90 PEARLAND

SUGAR LAND

7 LOCAL MAP

SPRING

Briar Forest Dr

249 TEXAS

290

CYPRESS Gessner Rd Gessner

HCTRA

TOLLWAY

10 KATY 610 HOUSTON 6 Westheimer Rd 99 TEXAS TOLL

HCTRA 9633 WESTHEIMER Fondren Rd 59 90 TOLLWAY PEARLAND

SUGAR LAND Dr Briarpark

Richmond Ave S Gessner Rd S Gessner St Tanglewilde Westpark Dr

Westpark Tollway Harwin Dr

8 AERIAL VIEW

D R ER N S S E G

S WESTHEIMER RD E

L I

W E L

N A 9 T AERIAL VIEW

Downtown Galleria

Uptown WESTHEIMER RD WESTHEIMER

S G ESSN ER RD

Westchase District 10 SITE PLAN

11 FORT WORTH LOCATION OVERVIEW #3 Top Moving Destination 2017 DALLAS #1 Fastest Growing Housing Market 2018 #1 Top 20 Business-Friendly City

POPULATION 27,939,904

HOUSTON 2ND FASTEST #2 Fastest Growing Housing Market 2018 #7 Top 2- Business-Friendly City GROWING ECONOMY NO STATE IN THE U.S.A. INCOME TAX AUSTIN #1 Best Places to Live 2018 #12 Top 20 Business-Friendly City TOP STATE FOR BEST STATE SAN ANTONIO JOB GROWTH FOR BUSINESS #14 Best Place to Live 2018 13+ MILLION WORKERS 10TH YEAR IN A ROW

FORTUNE 500 LARGEST 54 COMPANIES MEDICAL CENTER CALL TEXAS HOME 2ND LARGEST CANCER CENTER MD ANDERSON, HOUSTON

AWARDED 2014 GOVERNOR’S CUP OVER 3,000 COMPANIES HAVE FOR THE MOST NEW AND EXPANDED LOCATED OR EXPANDED CORPORATE FACILITIES: 689 FACILITIES IN TEXAS SINCE 2009 12 LOCATION HIGHLIGHTS

As the fifth most populous metro area in the U.S., Houston houses roughly 6.9 million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for exports. Local industries have diversified from oil to technology and healthcare. Many companies provide goods and services for the large population growth, which has sprawled, primarily to the north and west. The city of Houston is the largest in the metro with 2.3 million residents.

METRO HIGHLIGHTS

CORPORATE GROWTH Houston will remain a top destination for corporate relocations due to its business-friendly environment. More than 20 Fortune 500 companies are headquartered in the metro.

HIGHER EDUCATION Over 40 post-secondary educational institutions are located in the metro. Nearly 31 percent of residents have attained a bachelor’s degree, with 11 percent also holding a graduate or professional degree.

LOW COST OF LIVING, DOING BUSINESS Houston has a lower cost of living than many major metros, no state income tax and a median home price below the national level.

13 LOCATION DEMOGRAPHICS

POPULATION 1 MILE 3 MILES 5 MILES HOUSTON, TEXAS 77063 2024 Projected Population 28,153 212,464 588,092 2019 Estimated Population 27,405 205,917 569,102 POPULATION HOUSEHOLDS 2010 Census Population 25,339 187,726 519,885 569,102 237,216 2000 Census Population 22,020 177,089 502,067

MEDIAN AGE MEDIAN INCOME HOUSEHOLDS 1 MILE 3 MILES 5 MILES 33.8 $64,744 2024 Projected Households 15,322 98,601 254,469 2019 Estimated Households 14,342 91,969 237,216

2010 Census Households 12,738 80,390 206,947

0-19 YEARS 20-64 YEARS 65+ YEARS 2000 Census Households 11,839 79,523 204,747

2019 Total Occupied Units 14,342 91,969 237,216 26.5% 62.3% 11.2%

2019 POPULATION BY AGE HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES

$150,000 or More 10.1% 12.9% 14.3%

$100,000 to $149,000 10.4% 10.4% 11.3% MAJOR AREA LARGEST EMPLOYERS EMPLOYERS IN TEXAS $75,000 to $99,999 10.4% 10.6% 10.8% BMC Software AT&T $50,000 to $74,999 18.5% 16.7% 17.1% $35,000 to $49,999 15.9% 14.0% 13.3% Baker Hughes Keller Williams Under $35,000 34.6% 35.3% 33.1% Phillips 66 American Airlines Average Household Income $70,164 $88,251 $94,815 ABB Group Livestock Investors Ltd Median Household Income $49,901 $60,427 $64,744 Chevron Tenet Healthcare Per Capita Income $36,720 $39,436 $39,558 Dow Chemical JCPenney Petrochina Dell Jacobs Engineering Schlumberger H-E-B Foods 14 LOCATION POPULATION GROWTH DEMOGRAPHICS 2010–2019 19.6% 1-MILE RADIUS

HOUSTON, TEXAS 77063 19.3% 3-MILE RADIUS

19.5% 5-MILE RADIUS

HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILES POPULATION PROFILE 1 MILES 3 MILES 5 MILES

Total Monthly Retail Expenditures $2,136 $2,471 $2,602 2019 Estimate Total Population 19,294 138,953 304,676

Consumer Expenditure Top 10 Categories Under 20 5,762 50,457 151,010

Apparel $160 $188 $198 20 to 34 Years 18,653 131,102 72,392

Contributions $144 $175 $185 35 to 39 Years 8,922 57,662 147,056

Education $133 $167 $177 40 to 49 Years 3,266 25,589 73,651

Entertainment $251 $296 $313 50 to 64 Years 4,189 31,735 89,713

Food and Beverages $676 $776 $815 Age 65+ 2,990 24,358 63,791

Furnishings and Equipment $156 $184 $194 Median Age 33.4 34.1 34.7

Health Care $383 $437 $458 Population 25+ by Education 19,294 138,953 375,685

Shelter $986 $1,131 $1,187 Elementary (0 to 8) 1,476 16,964 49,705

Transportation $820 $947 $998 Some High School (9 to 11) 979 8,513 25,290

Utilities $344 $387 $404 High School Graduate (12) 3,167 25,856 75,372

Some College (13-15) 3,385 24,375 61,755

Associate Degree Only 1,400 7,254 18,675

Bachelor Degree Only 5,733 35,036 90,048

Graduate Degree 3,154 20,955 54,840

15 LOCATION DEMOGRAPHICS

RACE & ETHNICITY The current year racial makeup of your selected area is as follows: 50.2% White, 17.0% Black, 0.8% Native American and 12.5% Asian/Pacific Islander. Compare these to US averages which are: 70.20% White, 12.89% Black, 0.19% Native American and 5.59% Asian/Pacific Islander. People of Hispanic POPULATION origin are counted independently of race. People of Hispanic origin make up In 2019 the population in your selected geography is 569,102. 43.9% of the current year population in your selected area. Compare this to The population has changed by 8.65% since 2000. It is estimated the US average of 18.01%. that the population in your area will be 588,092 five years from now, which represents a change of 3.23% from the current year. The current INCOME population is 50.4% male and 49.6% female. The median age of the population in your area is 33.8 compare this to the US average which In 2019 the median household income for your selected geography is is 37.95. The population density in your area is 7,249 people per $64,744; compare this to the US average which is currently $58,754. square mile. The median household income for your area has changed by 13.14% since 2000. It is estimated that the median household income in your area will be $74,348 five years from now, which represents a change of 12.92% from HOUSEHOLDS the current year. The current year per capita income in your area is $39,558; There are currently 237,216 households in your selected geography. compare this to the US average, which is $32,356. The current year average The number of households has changed by 12.76% since 2000. It is household income in your area is $94,815; compare this to the US average estimated that the number of households in your area will be 254,469 five which is $84,609. years from now, which represents a change of 6.78% from the current year. The average household size in your area is 2.4 persons. EMPLOYMENT In 2019, there are 384,876 employees in your selected area, this is also HOUSING known as the daytime population. 2019 demographic studies revealed The median housing value in your area was $318,887 in 2019, compare this that 55.2% of employees are employed in white-collar occupations in to the US average of $201,842. In 2019, there were 75,932 owner occupied this geography, and 44.8% are employed in blue-collar occupations. housing units in your area and there were 206,947 renter occupied housing Unemployment in this area is 2.4%. The average time traveled to work units in your area. The median rent at the time is $888. is 24.9 minutes.