FOR LEASE Coming Soon Kitty Hawk Plaza

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1 FOR LEASE Coming Soon Kitty Hawk Plaza REPRESENTING THE OWNER: BILL OSBORNE OSBORNE PROPERTIES PO BOX HIGHWAY 87 SUTHERLAND SPRINGS, TEXAS OFFICE CELL

2 PROPERTY INFORMATION PROPERTY: LOCATION: LAND SIZE: BUILDING SIZE: BAY DEPTH: UTILITIES: ZONING: Kitty Hawk Plaza (Now Pre-Leasing) 8100 Block of Kitty Hawk Next to Sonic and Walgreen's 1.44 Acres 9,300 SF 60 Feet All utilities are available. However, Lessee is advised to retain an engineer to confirm the location, capacity and accessibility of all utilities to determine if utilities are adequate for Lessee's intended use. C-2. City of Converse (210) PARKING SPACES: 54 PRIMARY LEASE TERM: LEASE RATE: FINISHOUT ALLOWANCE: EXPENSES: DEMOGRAPHICS: NOTE: AGENCY: Five (5) years. $20.00 SF Annually $20.00 SF Tenant to pay pro rata share of common area maintenance, real estate taxes and insurance estimated to be $4.00 SF annually. Available upon request. Wal-Mart Coming Soon See enclosed press release. Bill Osborne/Osborne Properties represents the property owner. Information About Brokerage Services is included in this package.

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6 Walmart looks at trimmer strategy Stores to open on Walzem, Toepperwein By Jeremy T. Gerlach Published 11:00 am, Monday, January 11, 2016 Photo: Marvin Pfeiffer, Staff / San Antonio Express-News The new Walmart Neighborhood Market under construction at the intersection of Gibbs Sprawl and Walzem Road on Wednesday, Dec. 23, The new store, slated to open in spring 2016, is approximately 40,000 square feet and is expected to employ 95 associates. MARVIN PFEIFFER/ mpfeiffer@express-news.net Walmart is changing its strategy in the Metrocom area, with two smaller Neighborhood Markets on the way in These two markets will run about 41,000 square feet and employ around 95 associates, compared to the traditional 180,000-square-foot, 300-employee variety megacenters. They are built to fill in the gaps in residential areas that the bigger locations can t reach, Walmart spokeswoman Ann Hatfield said. The first of the two new stores is expected to open in the spring at 6938 Walzem Road. Construction began in June. The second will be at Toepperwein Road, with construction scheduled to begin in January and store opening set for next summer. Really, this is is all about convenience, Hatfield said of the markets, which feature a bakery, deli and pharmacy, along with select household merchandise. All, essentially, things you need for daily life. This is geared for quick in, quick out use. While bigger stores have at times been met with residential opposition, such as in Cibolo, the smaller neighborhood store represents a trimmer tool in Walmart s expansion strategy.

7 This is a strategy based on customers using different stores in different ways, said Hatfield, noting that the neighborhood markets are meant to complement, rather than replace, trips to the larger centers for consumers. They re using bigger stores for stock-up trips, (whereas) these stores are meant for fill-in trips. Converse Mayor Al Suarez said he supports Walmart s plan for the region. We have a lot of growth going on, he said, citing several new subdivision projects in the area. Our H-E-B is very packed, so there is a need (for more stores like this). We need both Walmart and H-E-B to facilitate that (growth). Suarez said Converse has grown to a population of 24,000, up from about 18,000 as of the 2010 census. He hopes that neighborhood-size stores will help fill the local shopping and employment gaps that bigger stores can t as the growth continues. It s a concept that's worked in the Northwest area (of San Antonio), and it s one that should work here, he said. Both stores are in the hiring process, Hatfield said. Those interested in working at the Walzem store can apply at a temporary hiring center at 8021 FM 78, Suite 129 inside Ventura Plaza. Applications are accepted Monday through Friday from 8 a.m. to 5 p.m. We look forward to building our team of hardworking associates, store manager Jessica Arriola said in a release. For Hatfield, the choice to place two Neighborhood Markets in this area speaks to the residential, rather than commercial, growth in the area. As neighborhoods in this area grow, that sort of demand increases, Hatfield said of the fill-in store needs. These two types of stores can be a nice complement to each other. Local resident Reuben Gonzales, 49, lives off Montgomery Drive and was doing some last-minute Christmas shopping at the Walmart on Seguin Road last week. I don't mind the drive to this store, he said. But when I m in a hurry, it would be nice to have a smaller store a bit (closer) to the neighborhood.

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11 PROPERTY INFORMATION DISCLAIMER This package is intended to provide interested parties with preliminary information only and is not a solicitation of offers and does not constitute an offer to Lease of Sell. The delivery of this package to any person shall not create any agency relationship. The information included herein was obtained from sources deemed reliable: however the Broker makes no guarantees, warranties or representations, expressed or implied, as to the completeness or accuracy of information. The information included herein is subject to corrections, errors and omissions, change in price, prior sale or lease, or withdrawal of property from the market without notice. The Broker hereby advises prospective Lessee or Buyer to confirm all information included herein with qualified professionals of their choice. No representation is make as to the value of any Lease or Sale; Broker hereby advises prospective Lessee or Buyer to consult their business, tax and legal advisers before making any final decisions and/or submitting any offer to Lease or Purchase. TITLE ADVISE As required by law, Tenant/Buyer are advised to have the abstract covering the property examined by an attorney of their own selection or obtain a lease hold owner's policy of title insurance (Tenant) or a policy of title insurance. (Buyer) AMERICANS WITH DISABILITIES ACT DISCLOSURE The United States Congress has enacted the Americans With Disabilities Act. Among other things, this act is intended to make many business establishments equally accessible to persons with a variety of disabilities: modifications to real property may be required. State and local laws also may mandate changes. The real estate brokers in this transaction are not qualified to advise you as to what, if any, changes may be required now, or in the future. Owners and Tenants should consult the attorneys and qualified design professionals of their choice for information regarding these matters. Real estate brokers cannot determine which attorneys or design professionals have the appropriate expertise in this area. SALE/LEASE HAZARDOUS MATERIALS DISCLOSURE Various construction materials may contain items that have been or may, in the future, be determined to be hazardous (toxic) or undesirable and may need to be specifically treated/handled or removed. For example, some transformers and other electrical components contain PCB's, and asbestos has been used in components such as fire-proofing, heating and cooling systems, air duct insulation, spray-on and tile acoustical materials, linoleum, floor tiles, roofing, dry wall and plaster. Due to prior or current uses of the Property or uses in the area, the Property may have hazardous or undesirable metals, minerals, chemicals, hydrocarbons, or biological or radioactive items (including electric and magnetic fields) in soils, water, building components, above and below ground containers or elsewhere in areas that may or may not be accessible or noticeable. Such items may leak or otherwise be released. Real estate brokers have no expertise in the detection or correction of hazardous or undesirable items. Expert inspections are necessary. Current or future laws may require clean up by past, present and/or future owners and/or operators. It is the responsibility of the Seller/Lessor and Buyer/Tenant to retain qualified experts to detect and correct such matters and to consult with legal counsel regarding the Property. KITTY HAWK PLAZA

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