3024 E HEBRON PARKWAY CARROLLTON, TX 75010

OFFERING MEMORANDUM 2 | COLLIERS INTERNATIONAL OFFERING SUMMARY 1 RECAP PAGE EXECUTIVE SUMMARY

PROPERTY 2-4 AERIAL TABLE OF CONTENTS PAGE DEMOGRAPHIC AERIAL 3024 E Hebron Parkway CARROLLTON, TX 5 TENANT PROFILE PAGE

6-11 DFW OVERVIEW PAGE

COLLIERS INTERNATIONAL | 3 PRICE $1.5M

CAP RATE 6%

NET OPERATING INCOME $90,000

GROSS LEASABLE AREA 4,000 SF

OCCUPANCY 100%

LAND SIZE .62 AC EXECUTIVE SUMMARY

Colliers International has been exclusively retained to offer qualified investors the opportunity to purchase 3024 East Hebron Parkway (“Hebron Parkway”), a 4,000 square foot office building. Hebron Parkway is currently 100% occupied by Republic Title of .

The .615 acres is just 1.5 miles from North Tollway and on the very highly traveled Hebron Parkway with approximately 30,000 cars per day. This area is full of strong restaurant users and great shopping with Willow Bend Mall nearby which offers great amenities to office users in the area. Willow Bend Mall is currently undergoing an extensive renovation to add many more high end restaurants as well as Equinox gym to cater to the affluent area.

This Offering will provide investors with a stable, great credit tenant with the protection of buying into a quickly growing and proven area.

COLLIERS INTERNATIONAL | 1 2 | COLLIERS INTERNATIONAL Stonebriar Center

Lewisville Towne Crossing

Castle Hills Marketplace

The Shops at Willow Bend

Preston Park Colonnade, Preston Towne Crossing, Preston Shepard Place Lakepointe Crossing & Preston Park Village

Pavilion North, Pavilion Court The Arbors on Preston Road and Lennox Center

Prestonwood Town Center

Lewisville Towne Crossing

Josey Ranch Shopping Center 1 MILE Total Pop. 11,477 Total HH 4,025 Med. Age 35.9 Med. HH Inc $68,834 Bach Deg+ 42.9%

3 MILE Total Pop. 119,021 Total HH 39,498 Med. Age 34.8 Med. HH Inc $66,127 Bach Deg+ 37.7%

5 MILE Total Pop. 331,689 Total HH 109,699 Med. Age 33.6 Med. HH Inc $62,657 Bach Deg+ 39.0% TENANT PROFILE

Republic Title of Texas, Inc. operates as a title insurance company that provides commercial and residential escrow and title operation services. It REPUBLIC TITLE specializes in acquisitions, dispositions, refinancing, Website www.republictitle.com/ construction-to-permanent financing conversions, Occupied SF 4,000 SF and note sales for commercial properties, including % of Property 100% undeveloped land, office, multi-family, multi-site, retail, # of Years Occupied 14 Years hospitality, and industrial properties. The company Lease Expiration 7/31/2022 was incorporated in 1981 and is based in Plano, Current Rental Rate (PSF) $22.50 Texas. It has additional offices in Dallas-Fort Worth Metroplex. Republic Title of Texas, Inc. operates as a subsidiary of First American Financial Corporation.

COLLIERS INTERNATIONAL | 5 MARKET OVERVIEW

CENTRAL LOCATION = COMPETITIVE HOUSING NO STATE EASY TRAVEL TO THE PRICES INCOME TAX REST OF THE U.S.

TOP-TIER RESEARCH DIVERSITY OF CULTURAL COST OF DOING UNIVERSITIES EXPERIENCES BUSINESS LOWER THAN NATIONAL AVERAGE

HIGHLIGHTS: EMPLOYMENT 120,000 3.4% 3.4% 3.8% ANNUAL NEW JOBS ANNUAL GROWTH RATE DFW U.S. (#1 in the nation) (#3 in the nation) UNEMPLOYMENT RATE UNEMPLOYMENT RATE HIGHLIGHTS: POPULATION 17.3M ST 4th 146,000 CURRENT DFW LARGEST METRO LARGEST METRO POPULATION RESIDENTS) (in the southern U.S.) (in the Nation) GROWTH IN DFW #1 #1 #3 #3 METRO FOR METRO FOR TOP METRO FOR POPULATION GROWTH skilled talent THE MOST HIGHEST SALARY CORPORATE FACILITY IN THE U.S. with 330 new attraction AFTER ADJUSTING FOR (Source: ESMI) residents each day investment projects COST OF LIVING (Source: Bureau of Labor Statistics) (Source: Site Selection magazine) (Source: Indeed)

WORLD’S LARGEST ECONOMIES TOP DALLAS AREA EMPLOYERS PROJECTED POPULATION GROWTH: 2018-2023 RANK COUNTRY GDP ($ MILLIONS) COMPANY EMPLOYEES MSA NEW RESIDENTS 1 United States 18,624,475 Wal-Mart 34000 2 China 11,199,145 3 Japan 4,949,273 American Airlines 27,000 DFW 720,520 4 Germany 3,477,796 1 5 United Kingdom 2,650,850 Texas Health Resources 22,296

6 France 2,465,454 Source: https://datacatalog.worldbank.org/dataset/gdp-ranking 7 India 2,263,792 Dallas ISD 19,740 Houston 649,000 8 Italy 1,859,384 2 9 Brazil 1,796,187 AT&T 17,000

10 TEXAS 1,599,283 Source: Dallas Business Journal Book of Lists 11 Canada 1,535,768 Baylor Scott & White 16,500 Atlanta 637,320 12 Korea, Rep. 1,411,246 3 13 Russian 1,283,163 Federation Kroger 15,397 14 Spain 1,237,255 Lockheed Martin 14,350 Phoenix 571,580 15 Australia 1,204,616 4 16 Mexico 1,046,923 17 Indonesia 932,259 Medical City Healthcare 14,000 18 Turkey 863,712 19 Netherlands 777,228 Bank of America 13,500 Miami 567,530 20 Switzerland 668,851 5 Source: Fortune.com, 2018 $7,719 $7,719 $7,795 $7,795 $21,171 $21,171 $9,225 $9,225 $7,144 $7,144 $6,140 $6,140 $14,961 $14,961 $19,521 $19,521 $14,091 $14,091 $14,251 $7,034 $7,034 $5,455 $5,455 $5,430 $5,430 $18,259 $6,690 $20,613 $47,487 $47,487 $12,506 $10,023 $10,023 $42,207 $244,363 $244,363 $160,546 REVENUE REVENUE ($ in Millions) HQ Plano Plano Plano Plano Irving Irving Irving Irving Irving Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Grapevine Fort Worth Fort Fort Worth Fort 9 2 71 64 211 147 153 163 192 142 397 297 365 499 235 362 455 322 206 400 RANK NATIONAL NATIONAL

Celanese Builders FirstSource Builders Group Snapple Pepper Dr 418 Exxon Mobil Exxon Energy Transfer Equity, L.P. Equity, Transfer Energy American Airlines Group AT&T Fluor Engineering Group Jacobs Data Systems Alliance Southwest Airlines Southwest Kimberly-Clark Instruments Texas HollyFrontier D.R. Horton GameStop Tenet Healthcare Tenet Dean Foods J.C. Penney Company, Inc. Company, J.C. Penney Pioneer Natural Resources Natural Pioneer 497 Vistra Energy Vistra Yum China Holdings Yum

COMPANY DFW: FORTUNE 500 HEADQUARTERS FORTUNE 500 DFW: MAJOR EXPANSIONS AND RELOCATIONS

› AMERICAN AIRLINES is constructing a 300-acre, 1.8 million square foot headquarters and corporate campus just west of its current location near DFW Airport. The new campus, expected to be completed by summer 2019, will house 7,300 employees.

› San Francisco-based CHARLES SCHWAB is building a $100 million, 500,000 square foot campus in Southlake, Texas. This

regional o¥ce campus, which is a part of Circle T Ranch will house more than 1,200 workers when it opens in 2019. Sources: Greater Dallas Chamber of Commerce, Morning News, Business Journal, Colliers Research

› International healthcare company AMERISOURCEBERGEN is constructing a 300,000 square foot regional headquarters campus for its Specialty Group in Carrollton. The Austin Ranch property will initially hold 1,200 workers but will eventually grow to house 3,000. The company’s current o¥ce on the will be consolidating into the new headquarters.

› In 2017, TOYOTA completed its U.S. headquarters in the development in Plano. The campus-style facility has 2.1 million square feet on 70 acres and has capacity to §t 6,500 employees. The move consolidated its former U.S. headquarters in California and a regional operational headquarters in Kentucky.

› JP MORGAN CHASE consolidated its DFW operations into a one million square foot campus at the corner of SH-121 and Dallas North Tollway in the Legacy West development. The 50-acre campus will host up to 6,000 employees.

› LIBERTY MUTUAL opened one of its six national customer service centers in Plano’s Legacy West development in late 2018. The company’s one million-square-foot, campus-style property will bring up to 5,000 jobs to the area.

› FANNIE MAE consolidated regional operations into a 10-story, 300,000 square foot o¥ce tower in Granite Park. Three North Dallas o¥ces merged into this new o¥ce which holds 2,000 employees.

› Medical Giant MCKESSON purchased the former NEC Corporation o¥ces in Las Colinas and consolidated its Irving o¥ces into the space in 2017. The company invested $175 million into the space and received $1 million in incentives for creating 975 jobs and relocating 900 already in North Texas.

› STEWARD HEALTHCARE moved its headquarters from Boston into the newly-constructed 1900 Pearl St in the Dallas CBD in 2018. Additionally, the company leased more than 165,000 square feet in Richardson’s Galatyn Commons for back-o¥ce operations.

› PEI WEI ASIAN DINER moved its headquarters from its long-time home in Scottsdale, AZ to Irving, TX in late 2017. It o¥ces in Las Colinas Highlands and expects to create 100 jobs in North Texas over §ve years. Texas granted Pei Wei $500,000 and Irving added $75,000 to incentivize its move.

› In 2017, BOEING GLOBAL SERVICES announced the opening of this new divisional headquarters in Legacy West in Plano. Less than a year after its move-in, Boeing doubled its space in Legacy West, allowing for more than 200 more workers. Colliers International Brokerage Company (“Broker“) has been retained as the exclusive advisor and broker for this o«ering. This O«ering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the O«ering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The O«ering Memorandum does not constitute a representation that there has been no change in the business or a«airs of the Property or the Owner since the date of preparation of the O«ering Memorandum. Analysis and veri§cation of the information contained in the O«ering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and quali§ed prospective Buyers. By accepting the O«ering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any a¥liate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, o¥cers, directors or agents. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker’s fees or §nder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller. The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or o«ers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the O«ering Memorandum or making an o«er to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller’s obligation thereunder have been satis§ed or waived. The O«ering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a con§dential nature. By accepting the O«ering Memorandum, you agree that you will hold and treat it in the strictest con§dence, that you will not photocopy or duplicate it, that you will not disclose the O«ering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an o«er and from whom you have obtained an agreement of con§dentiality) without prior written authorization of the Seller or Broker, and that you will not use the O«ering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker. No employee of seller or at the Subject Property is to be contacted without the written approval of the listing agents and doing so would be a violation of this con§dentiality agreement. Broker and their prospective buyers agree not to contact the tenants, their employees or customers of any business on the Property without prior permission from the Landlord. Broker has created cash ¯ow projections for the Property using Argus Financial Software. Neither Broker nor the Seller make any representation, warranty or guaranty of the economic value of the Property through the cash ¯ow projections contained in this O«ering or the associated Argus computer §les.

10 | COLLIERS INTERNATIONAL PRESENTED BY MICHAEL TRAN 972 759 7812 [email protected] 11-2-2015 Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: . x A BROKER is responsible for all brokerage ac�vi�es, including acts performed by sales agents sponsored by the broker. x A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): x Put the interests of the client above all others, including the broker’s own interests; x Inform the client of any material informa�on about the property or transac�on received by the broker; x Answer the client’s ques�ons and present any offer to or counter-offer from the client; and x Treat all par�es to a real estate transac�on honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wri�en lis�ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du�es above and must inform the owner of any material informa�on about the property or transac�on known by the agent, including informa�on disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wri�en representa�on agreement. A buyer's agent must perform the broker’s minimum du�es above and must inform the buyer of any material informa�on about the property or transac�on known by the agent, including informa�on disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par�es the broker must rst obtain the wri�en agreement of each party to the transac�on. The wri�en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga�ons as an intermediary. A broker who acts as an intermediary: x Must treat all par�es to the transac�on impar�ally and fairly; x May, with the par�es' wri�en 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 instruc�ons of each party to the transac�on. x Must not, unless specically authorized in wri�ng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wri�en asking price; ᴑ that the buyer/tenant will pay a price greater than the price submi�ed in a wri�en offer; and ᴑ any conden�al informa�on or any other informa�on that a party specically instructs the broker in wri�ng not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transac�on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner rst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: x The broker’s du�es and responsibili�es to you, and your obliga�ons under the representa�on agreement. x Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This no�ce is being provided for informa�on purposes. It does not create an obliga�on for you to use the broker’s services. Please acknowledge receipt of this no�ce below and retain a copy for your records.

Colliers International North Texas, LLC 522575 [email protected] 214-692-1100 Licensed Broker /Broker Firm Name or License No. Email Phone Primary Assumed Business Name Steve Everbach 367974 [email protected] 214-217-1254 Designated Broker of Firm License No. Email Phone Steve Everbach 367974 [email protected] 214-217-1254 Licensed Supervisor of Sales Agent/ License No. Email Phone Associate Michael Tran 614289 [email protected] 972-759-7812 Sales Agent/Associate’s Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission InformaƟon available at www.trec.texas.gov IABS 1-0