family dollar New absolute NNN 260,000 residents in a 5-mile radius

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iew similar p v ro to p k er ic t • Build-to-suit location i l e C s • Increases throughout the base term and options portfolio • Rare infill high density location

366 Aldine Bender Rd., , TX 77060 [ www.CapitalPacific.com ] Click for Map PROperty Summary Listing Team Contact Info The subject property is a new NNN build-to-suit Family RICK SANNER Dollar in Houston, TX with attractive 10% increases in [email protected] | (415) 274-2709 the base term and options. The property is freestanding, CA BRE# 01792433 in a high growth, high density area of Houston. There are aaron susman over $200,000 residents within a 5-mile radius. [email protected] | (415) 481-0377 CA BRE# 01961568 PRICE: $2,085,113 CAP: 5.75% In conjunction with TX Licensed Broker: Rentable SF...... 8,353 SF Peter Ellis Price per SF...... $249.62 [email protected] | (210) 325-7578 land area ...... 0.89 AC Current Rent...... $14.35/SF Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.

family dollar | 2 [ REPRESENTATIVE PHOTO ] core characteristics

Location highlights The subject property is located within the outer loop of Houston, TX, along Aldine Bender Rd., a highly-trafficked six lane thoroughfare. Monument Over 95K people within a 3-mile radius and signage provides excellent visibility. Aldine Bender Rd. connects commuters nearly 260K people within a 5-mile radius and residents to to the west and Interstate 69 to the east.

The site benefits from outstanding demographics of over 95,000 residents within a 3-mile radius, and nearly 260,000 residents within a 5-mile radius. Lease highlights

Tenants in the immediate area include Subway, Dairy Queen, NAPA Auto • 15 year lease (commenced November 2015) with 10% increases in year Parts, and Little Caesars Pizza. eleven (11) in the base term and throughout the six (6) five-year options.

• New construction Strong Tenant • This is an absolute NNN lease with zero Landlord responsibilities In July, 2015, Family Dollar was acquired by, Dollar Tree, Inc. Post-merger, the combined company has a net worth of $4.40 billion, produces annual revenues in excess of $19 billion, and operates more than 14,000 stores, making it the largest discount retailer in North America.

[ REPRESENTATIVE PHOTO ] family dollar | 3 aerial y p

Oak Forest MFallbrookc DLendonrive Greenspoint Mall Shopping Center Towne Crossing

8 HOUSTON West Road Plaza CITY CENTER

housing 45 Black (259,981 residents Aldine Senior North 45 Plaza Elementary within 5-miles) High School

Marcella 610 Intermediate School Fonville Joe E Middle Moreno Cotillion Drive School Elementary

Odom Elementary 15,900 DAILY 45 Aldine Bender Rd. 8

TS Hardy Toll Road Grantham Raymond Middle Grace Calvert School Elementary Elementary

YES Prep- North Central

Aldine Bender Road Coop Garcia Elementary Elementary

GEORGE BUSH INTERCONTINENTAL AIRPORT Sam Houston Tollway 69

610 family dollar | 4 income & expense

PRICE $2,085,113 Price Per Square Foot: $249.62 Capitalization Rate: 5.75% Total Rentable Area (SF): 8,353 Lot Size (AC): 0.89 STABILIZED INCOME Per Square Foot Scheduled Rent $14.35 $119,894 Effective Gross Income $14.35 $119,894 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $119,894

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. [ REPRESENTATIVE PHOTO ]

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family dollar | 5 rent roll

TENANT INFO LEASE TERMS RENT SUMMARY

Current Monthly Yearly Monthly Yearly Tenant Name Sq. Ft. Term Rent Rent Rent Rent/FT Rent/FT

Family Dollar 8,353 11/08/15 11/07/25 $119,894 $9,991 $119,894 $1.20 $14.35

11/08/25 11/07/30 $10,990 $131,883 $1.32 $15.79

Option 1 11/08/30 11/07/35 $12,089 $145,072 $1.45 $17.37

Option 2 11/08/35 11/07/40 $13,298 $159,579 $1.59 $19.10

Option 3 11/08/40 11/07/45 $14,628 $175,537 $1.75 $21.01

Option 4 11/08/45 11/07/50 $16,091 $193,090 $1.93 $23.12

Option 5 11/08/50 11/07/55 $17,700 $212,400 $2.12 $25.43

Option 6 11/08/55 11/07/60 $19,470 $233,639 $2.33 $27.97

Totals: 8,353 $119,894 $9,991 $119,894 $1.20 $14.35

There are six (6) five year options with 10% increases.

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

family dollar | 6 site plan

Site Plan Key

Parcel outline: lOT SIZE: 0.89 ac rENTABLE SF: 8,353 sf Ingress/Egress: Cotillion D rive

NOT A PART

NOT A PART

PYLON SIGN

Aldine Bender Road

15,900 DAILY

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. family dollar | 7 tenant overview

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About family dollar NUMBER OF EMPLOYEES With over 8,100 stores in 46 states and the District of Columbia, Family Dollar is the nation’s second largest 50,000 dollar store. The company also operates nine distribution centers that are each over 900,000 SF.

2014 SALES Family Dollar targets women shopping for a family earning less than $40,000 a year. Consumables (food, $10.49 Billion health, beauty aids, and household items) account for about two-thirds of sales. Family Dollar also sells apparel, shoes, and linens. NUMBER OF LOCATIONS Family Dollar stores are low-format and are located in low and middle-income rural and urban areas. 8,100 Most goods and groceries (national brands, Family Dollar private labels, and unbranded items) are sold at a variety of discounted prices, the majority of which are under $10. For the fiscal year ending August, 2014, sales were $10.49 billion and net income was $284 million. In July, 2015, Family Dollar was acquired by, Dollar Tree, Inc. The acquisition price for Family Dollar was $9 billion in cash and Dollar Tree stock. The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 13,000 stores in 48 states and Canada with annual sales over $19 billion. Both brands will continue to operate separately. www.familydollar.com

family dollar | 8 family dollar location demographics & regional map

Population 1-Mile 3-Mile 5-Mile 2010 17,867 88,931 237,365 2015 18,645 95,723 259,981 2021 19,720 102,310 281,213

15,900 DAILY Aldine Bender Rd. 2016 Household incomes

1-Mile 3-Mile 5-Mile Average $41,470 $42,016 $47,593 regional map Median $29,988 $31,762 $36,896

Top Employers in houston

Memorial Hermann Healthcare System 20 MIN The University of M.D. Anderson Cancer Center 16 MILES ExxonMobil Shell Oil Company Downtown houston

family dollar | 9 location

About houston, tx

With a population of about 2.1 million, Houston is the fourth-largest city in the United States and the largest city in Texas. Houston is also the seat of Harris County and the economic center of the Houston–Sugar Land–Baytown metropolitan area—the fifth-largest metropolitan area in the U.S. with a population over 6.08 million.

Houston’s economy has a broad industrial base in the energy, manufacturing, aeronautics, transportation, and health care sectors; only New York City is home to more Fortune 500 headquarters within its city limits. Most populous city in texas Houston is also home to many cultural institutions and exhibits such as the Houston Museum District, which attracts more than 7 million visitors each year. Houston has an active visual and performing arts scene in the Theater District and is one of few U.S. cities that has year-round resident companies in all major performing arts.

Because of these strengths, Houston is designated as a global city by the Globalization and World Cities Study Group and Network and global management consulting firm A.T. Kearney.

Houston has been one of the fastest growing areas in the country for many years.

family dollar | 10 A unique HUMAN The capital pacific experience - our daily commitment to our clients RESULTS-DRIVEN client experience [ www.CapitalPacific.com ]

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Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. rick Sanner [email protected] | (415) 274-2709 CA BRE# 01792433 chris kostanecki zeb ripple chris peters john andreini aaron Susman In conjunction with TX Licensed Broker: dave lucas joe caccamo [email protected] | (415) 481-0377 Peter Ellis zandy smith gregg steele CA BRE# 01961568 [email protected] | (210) 325-7578 jack navarra karla zens

[ Copyright © 2016 Capital Pacific ] 10-10-11

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 intermediary. The written consent must state who will should know that the duties of a broker pay the broker and, in conspicuous bold or underlined depend on whom the broker represents. If print, set forth the broker’s obligations as an you are a prospective seller or landlord intermediary. The broker is required to treat each B (owner) or a prospective buyer or tenant (buyer), you party honestly and fairly and to comply with The

Texas Real Estate License Act. A broker who acts as should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts an intermediary in a transaction: as a subagent represents the owner in cooperation (1) shall treat all parties honestly; with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an (2) may not disclose that the owner will accept a intermediary between the parties if the parties price less that the asking price unless authorized in

consent in writing. A broker can assist you in locating writing to do so by the owner; a property, preparing a contract or lease, or obtaining (3) may not disclose that the buyer will pay a financing without representing you. A broker is price greater than the price submitted in a written offer obligated by law to treat you honestly. 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 any information that a party specifically instructs the into an agreement with the owner, usually through a broker in writing not to disclose unless authorized in written - listing agreement, or by agreeing to act as a writing to disclose the information or required to do so by subagent by accepting an offer of subagency from the The Texas Real Estate License Act or a court order or if listing broker. A subagent may work in a different real the information materially relates to the condition of the estate office. A listing broker or subagent can assist property. the buyer but does not represent the buyer and

must place the interests of the owner first. The buyer With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person should not tell the owner’s agent anything the buyer who is licensed under The Texas Real Estate License would not want the owner to know because an owner’s agent must disclose to the owner any Act and associated with the broker to communicate material information known to the agent. with and carry out instructions of one party and another person who is licensed under that Act and

IF THE BROKER REPRESENTS THE BUYER: associated with the broker to communicate with and carry out instructions of the other party. The broker becomes the buyer’s agent by entering

into an agreement to represent the buyer, usually through a written buyer representation agreement. A If you choose to have a broker represent you, buyer’s agent can assist the owner but does not you should enter into a written agreement with the represent the owner and must place the interests of broker that clearly establishes the broker’s obligations and your obligations. The agreement should state the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer how and by whom the broker will be paid. You have the right to choose the type of representation, if any, to know because a buyer’s agent must disclose to the buyer any material information known to the agent. you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker IF THE BROKER ACTS AS AN INTERMEDIARY: represents you. If you have any questions regarding

A broker may act as an intermediary between the the duties and responsibilities of the broker, you should resolve those questions before proceeding. parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

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 or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov) TREC No. OP-K