Almeda West Shopping Center Kleckley Houston, TX 77075

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2 Kleckley CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Investar Real Estate Services, Inc. and should not be made available to any other person on entity without the written consent of Investar. 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. Investar 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 and square footage of the property and improvements, the 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 tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Investar has not verified, and will not verify, any of the information contained herein, nor has Investar conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT JIM BAYNE at (713) or jbayne@investarinc.com FOR MORE DETAILS.

3 Kleckley PRICING AND FINANCIAL ANALYSIS

4 Kleckley Pricing and Financial Analysis FINANCIAL OVERVIEW Price: $2,127,000 Rentable Square Feet: 23,110 Price/Rentable SF: $92.04/sf Parcel Size: Acres Year Built: 1978 Type of Ownership: Fee Simple Income Current Base Rent Occupied Space $239, Gross Potential Rent $239, Expense Reimbursements $24, Gross Potential Income $263, Total Expenses $91, Net Operating Income $172, Total Return 8.1% Expenses Real Estate Taxes $43, Insurance $9, Utilities $6, Repairs and Maintenance $5, Contract Services/Misc. $15, Management Services $12, Total Expenses $91, Expenses/SF $3.97/SF

5 Kleckley Drive Pricing and Financial Analysis EXPENSES Expenses: Roofing/Gutters $ 5, /sf Landscape $ 6, /sf Sweeping $ 3, /sf Water $ 4, /sf City Drainage Fee $ 2, /sf Electricity $ 1, /sf Refuse Removal $ 1, /sf Porter - Recoverable $ 1, /sf Property Mgmt. Fee $ 12, /sf Insurance $ 9, /sf Ad Valorem $ 43, /sf Tax Service $ /sf Total Operating Expenses: $ 91, $3.966/sf

6 Kleckley Pricing and Financial Analysis RENT ROLL Antoine Commercial Park Rent Roll Tenant Sq. Ft. Annual Base Rent NNN Lease Commencement Lease Expiration VIP Royal Palace 12,500 $ 132, Gross Lease 2/01/2015 1/31/2020 A&A Video 4,570 $ 48, $ 18, /01/ /31/2021 Pool Hall 4,340 $ 43, Modified Gross Lease (Pays escalations on Taxes & Insurance over 2016 Base Year 9/01/ /30/2021 Milan to Houston ( Hair Salon) 1,700 $ 15, $ 6, /01/ /31/2022 Totals: 23,110 $ 239, $ 24,874.44

7 Kleckley AERIAL & MAP

8 Kleckley Aerial & Map

9 Demographic Detail Report Building Type: Secondary: GLA: Year Built: General Retail Freestanding 23,110 SF 1978 Almeda Center 9944 Kleckley Dr, Total Available: % Leased: Rent/SF/Yr: 1,700 SF 92.64% $8.40 Radius 1 Mile 3 Mile 5 Mile Population 2022 Projection 21, , , Estimate 19, , , Census 17, , ,248 Growth % 8.66% 8.65% Growth % 8.48% 8.24% 2017 Population by Age 19, , ,177 Age 0-4 1, % 11, % 22, % Age 5-9 1, % 11, % 23, % Age , % 10, % 22, % Age , % 10, % 21, % Age , % 10, % 21, % Age , % 11, % 23, % Age , % 11, % 23, % Age , % 10, % 21, % Age , % 9, % 19, % Age , % 8, % 17, % Age % 7, % 16, % Age % 6, % 15, % Age % 5, % 12, % Age % 4, % 9, % Age % 2, % 6, % Age % 1, % 4, % Age % 1, % 3, % Age % 1, % 3, % Age 65+ 1, % 11, % 26, % Median Age Average Age Copyrighted report licensed to Investar Real Estate Services, Inc /5/2017 Page 1

10 Demographic Detail Report Almeda Center 9944 Kleckley Dr, Radius 1 Mile 3 Mile 5 Mile 2017 Population By Race 19, , ,177 White 13, % 105, % 230, % Black 4, % 17, % 31, % Am. Indian & Alaskan % 1, % 3, % Asian 1, % 8, % 18, % Hawaiian & Pacific Island % % % Other % 2, % 4, % Population by Hispanic Origin 19, , ,177 Non-Hispanic Origin 7, % 47, % 105, % Hispanic Origin 11, % 87, % 182, % 2017 Median Age, Male Average Age, Male Median Age, Female Average Age, Female Population by Occupation 13,939 99, ,637 Classification Civilian Employed 9, % 65, % 136, % Civilian Unemployed % 3, % 7, % Civilian Non-Labor Force 4, % 30, % 70, % Armed Forces % % % Households by Marital Status Married 2,551 21,444 46,782 Married No Children 966 9,320 21,210 Married w/children 1,586 12,124 25, Population by Education 12,145 87, ,981 Some High School, No Diploma 3, % 23, % 51, % High School Grad (Incl Equivalency) 3, % 22, % 49, % Some College, No Degree 3, % 23, % 48, % Associate Degree % 6, % 12, % Bachelor Degree 1, % 8, % 18, % Advanced Degree % 2, % 7, % Copyrighted report licensed to Investar Real Estate Services, Inc /5/2017 Page 2

11 Demographic Detail Report Almeda Center 9944 Kleckley Dr, Radius 1 Mile 3 Mile 5 Mile 2017 Population by Occupation 17, , ,819 Real Estate & Finance % 3, % 6, % Professional & Management 2, % 20, % 43, % Public Administration % 1, % 4, % Education & Health 1, % 11, % 22, % Services 1, % 13, % 27, % Information % % 1, % Sales 2, % 16, % 32, % Transportation % 1, % 2, % Retail 1, % 7, % 16, % Wholesale % 1, % 4, % Manufacturing % 7, % 16, % Production 1, % 11, % 23, % Construction 1, % 10, % 23, % Utilities % 4, % 8, % Agriculture & Mining % 1, % 2, % Farming, Fishing, Forestry % % % Other Services % 4, % 8, % 2017 Worker Travel Time to Job 9,295 64, ,263 <30 Minutes 4, % 34, % 74, % Minutes 3, % 24, % 49, % 60+ Minutes % 5, % 11, % 2010 Households by HH Size 6,133 39,308 85,549 1-Person Households 1, % 7, % 17, % 2-Person Households 1, % 9, % 20, % 3-Person Households 1, % 7, % 15, % 4-Person Households % 6, % 14, % 5-Person Households % 4, % 9, % 6-Person Households % 2, % 4, % 7 or more Person Households % 1, % 3, % 2017 Average Household Size Households 2022 Projection 7,403 46, , Estimate 6,790 42,694 92, Census 6,133 39,309 85,548 Growth % 8.72% 8.71% Growth % 8.61% 8.31% Copyrighted report licensed to Investar Real Estate Services, Inc /5/2017 Page 3

12 Demographic Detail Report Almeda Center 9944 Kleckley Dr, Radius 1 Mile 3 Mile 5 Mile 2017 Households by HH Income 6,789 42,693 92,658 <$25,000 1, % 8, % 21, % $25,000 - $50,000 2, % 11, % 24, % $50,000 - $75,000 1, % 8, % 18, % $75,000 - $100,000 1, % 6, % 11, % $100,000 - $125, % 3, % 7, % $125,000 - $150, % 1, % 4, % $150,000 - $200, % 1, % 2, % $200, % % 2, % 2017 Avg Household Income $52,763 $62,847 $64, Med Household Income $43,563 $51,547 $50, Occupied Housing 6,790 42,694 92,660 Owner Occupied 2, % 24, % 53, % Renter Occupied 4, % 18, % 39, % 2010 Housing Units 7,311 44,076 95,035 1 Unit 2, % 27, % 59, % 2-4 Units % 1, % 4, % 5-19 Units 1, % 7, % 15, % 20+ Units 2, % 7, % 15, % 2017 Housing Value 2,102 24,159 53,133 <$100, % 7, % 17, % $100,000 - $200,000 1, % 13, % 28, % $200,000 - $300, % 1, % 4, % $300,000 - $400, % % 1, % $400,000 - $500, % % % $500,000 - $1,000, % % % $1,000, % % % 2017 Median Home Value $124,324 $131,463 $133, Housing Units by Yr Built 7,337 45,316 98,085 Built % 2, % 4, % Built , % 9, % 16, % Built % 3, % 6, % Built , % 7, % 13, % Built , % 11, % 23, % Built % 6, % 16, % Built % 4, % 12, % Built < % 1, % 4, % 2017 Median Year Built Copyrighted report licensed to Investar Real Estate Services, Inc /5/2017 Page 4