Offering Summary MACARTHUR HILLS IRVING, TEXAS

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1 Offering Summary S H O P S A T MACARTHUR HILLS IRVING, TEXAS

2 THE VISION AND OPPORTUNITY Holliday Fenoglio Fowler, L.P. ( HFF ) is pleased to exclusively present the Shops at MacArthur Hills (the Property ), a trophy 75,387 square-foot, Whole Foods anchored center in one of Dallas fastest growing areas. The Property is a newly constructed asset anchored by a 20-year Whole Foods lease that offers investors the rare opportunity to acquire a 100% fee simple, stable retail asset with a dynamic tenant lineup and significant income security. LOCATION: N MacArthur Boulevard ANCHOR: Whole Foods Market Irving, Texas YEAR BUILT: SQUARE FEET: 75,387 square feet PARKING: 642 spaces SITE SIZE: acres YEAR 1 NOI: $2,205,225 OCCUPANCY: 100% 2

3 OFFERING OVERVIEW BEST IN CLASS ASSET The Shops at MacArthur Hills is a premier grocery anchored asset designed with high end finishes and positioned at a strategic intersection providing exceptional access and visibility. All institutional quality improvements are new construction, thereby reducing future capital reserves while augmenting investor returns. The Property is being offered without an asking price and will be delivered free of debt encumbrances. Investors are asked to provide offers based on a As-is, Where-is condition of the Property. LOCATIONAL SUPREMACY The Property is positioned within the 12,000-acre Las Colinas upscale master-planned community, one of the fastest growing and most desirable communities in the Dallas Fort Worth metroplex. Due to its central location and proximity to the DFW Airport, Las Colinas has become a mecca for corporate relocations and has attracted over 2,000 companies, including 45 in the Fortune 500. Located on hard corner of prominent intersection with excellent visibility and access Over 1,000 feet of frontage on President George Bush Turnpike (SH 161) with over 120,000 VPD First specialty grocer in Las Colinas will fulfill demand from rapidly growing young professional population Outstanding income and growth demographics support high-end necessity retail and restaurant rental rates Tenant SF %GLA Whole Foods 44, % Shop Space 27, % Corner Pad 3, % 75, % Total/Average 3

4 OFFERING OVERVIEW (continued) TRAFFIC GENERATING GROCERY ANCHOR Whole Foods Market (Nasdaq: AMZN) is the world s leading natural and organic foods supermarket and the 12th largest food retailer. The company operates 464 stores in the US, Canada and the United Kingdom averaging over 8 million customer visits each week. Whole Foods overall sales have grown by +/- 74% since 2010 to a record average of $883 per square foot, which is the highest of any public food retailer in the US. Whole Foods selected the Shops at MacArthur Hills as their only location in Irving with the nearest Whole Foods approximately 11 miles from the Property. Whole Foods executed a 20-year lease with options extending an additional 20 years thus reinforcing its commitment to the Property and its strategic location in the trade area. Whole Foods Market Inc. was recently acquired by Amazon.com Inc. for $13.7 billion in August 2017 Whole Foods is a publicly traded investment grade tenant (BBB+ rating by S&P), providing investors with stability and surety of income According to Bloomberg, Whole Foods stores saw a 33% increase in new shopper foot traffic following the first week after the buyout In addition, following an August 28th announcement of price-cuts, there was a 4.6% increase in vehicle traffic within store parking lots the biggest jump since June 2014 Going forward, Whole Foods intends to introduce more product discount, add Amazon lockers to stores, and make Prime the grocer s rewards program showing the retailers commitment to utilizing omnichannel fulfillment methods to leverage their store locations to meet customer needs 4

5 HEBRON PLANO OFFERING OVERVIEW (continued) ND COMPETITIVE ADVANTAGE - INCOME STABILITY 20-year brand new Whole Foods lease comprises more than 58% of GLA CARROLLTON ADDISON Addison Airport 121 Irreplaceable infill corner location with extremely high daytime population Significant tenant demand 100% leased to an ideal tenant mix of experiential and restaurant uses COPPELL RICHARDSON North Lake 121 R GRAPEVINE FARMERS BRANCH 114 LAS COLINAS LAS COLINAS DEMAND DRIVERS The Shops at MacArthur Hills site is located in the heart of Las Colinas, a 12,000-acre, mixed use, upscale master-planned community that is home to the headquarters and large regional offices of numerous Fortune 500 companies. 12 Dallas Love Field Airport EULESS Over 2,000 companies office in Las Colinas, including 45 on the Fortune 500 EX PA NS IO N TR AI L Six of the Fortune 500 office locations are mission-critical global headquarter facilities 183 White Rock Lake (Exxon, Comm. Metals, Kimberly-Clark, Fluor, Celanese, Flowserve).Daytime employment IRVING exceeding 120,000. Home prices ranging from $200,000 to over $1 million. 366 RAPIDLY GROWING DYNAMIC TRADE AREA Trammell Crow Park Current projects underway in the City of Irving represent more than $6 billion of investment and DALLAS are expected to add the following to the Property s immediate trade area over the next two years: 7.4 Million square feet of Office, Restaurants, Entertainment, and Civic Space GARLAND 12 12,800+ Residential Units (single-family and multifamily) 161 2,000+ Hotel Rooms Mountain Creek Lake 408 William Blair Jr. Park 17,000+ Daytime Employees

6 DEMOGRAPHICS 2017 Population Estimates 1-MILE 3-MILE 5-MILE 8,660 72, , Growth 10% 10.5% 8.0% 2022 Proj. Population 9,523 80, , Avg. HH Income $111,939 $104,049 $89,181 VALLEY RANCH 4,000 Single Family Homes 21 Apartment Communities 30,000 Residents HACKBERRY CREEK COUNTRY CLUB 1,221 Lots MACARTHUR PARK 276 Units PARKRIDGE PLACE 536 Units GE IKE THUR B LV D 4 5 PRE EOR G T N E SID NP R U T H BUS VPD MACAR THE ARBORS AT LAS COLINAS 408 Units 0 120,00,000 V PD 6

7 ADDITIONAL INFORMATION If you have questions or require additional information, please contact: RYAN SHORE Managing Director BARRY BROWN Senior Managing Director JIM BATJER Senior Managing Director AARON JOHNSON Director SARAH BETH DAVIS Associate hfflp.com One Victory Park 2323 Victory Avenue Dallas, TX Tel: Fax: DEBT CONTACT JIM CURTIN Associate Director S H O P S A T MACARTHUR HILLS IRVING, TEXAS 2017 Holliday Fenoglio Fowler, LP ( HFF ) and HFF Securities LP ( HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. Holliday Fenoglio Fowler, L.P. ( HFF ) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.