14606 FM 2100 CROSBY, TEXAS

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1 14606 FM 2100 CROSBY, TEXAS Investment Opportunit RYAN WEST MATT BERRY ROBBIE KILCREASE HFF HOUSTON Managing Director Associate Director Real Estate Analst 9 Greenwa Plaza, Ste. 700 (713) (713) (713) Houston, TX rwest@hfflp.com mberr@hfflp.com rkilcrease@hfflp.com (713) hfflp.com

2 CROSBY FREEWAY Pending Signalized Intersection CROSBY HIGH SCHOOL DEVELOPMENT (U/C Est. Completion Fall 2016) Pending Signalized Intersection FM

3 Executive Summar Location FM 2100 Crosb, Texas ±0.5 Miles West from U.S. Highwa 90 NOI $266,000 / YR PRICE $3,950,000 CAP RATE 6.75% Building ±19,000 SF Land Area ±1.29 Acres Year Built 2014 Tpe of Ownership Fee-Simple Tenant Goodwill Industries of Houston Lease Tpe Double Net Parking Ratio 4.00/1,000 SF Roof and Structure Landlord Responsible Description Newl Built Goodwill Donation Center Free Standing NN Lease Rent Escalations Years 1-5 $14.00/psf Years 6-10 $16.50/psf Rent Commencement 9/1/2014 Lease Expiration 8/31/2024 Term Remaining on Lease Options Debt ±10 Years Two 5-Year 10% Increase per Option Years $344,850 Years $376,200 None Available for New Market Rate Financings INVESTMENT HIGHLIGHTS Newl Built Free Standing NN Lease National Tenant within the Houston MSA Brand New 10 Year Lease Term Numerous National Credit Tenants in the Immediate Area Adjacent to 156,000 Square Foot Wal-Mart Positioned Along Crosb s Most Heavil Traveled Thoroughfare Outstanding Historical Population Growth in the Area Additional 9.8% Projected from Excellent Access to U.S. Highwa 90 with Traffic Counts of More Than 27,000 Vehicles Per Da 18% Contractual Increase in Base Rental Rate in Year Six. Goodwill 1

4 Location Maps der Construction Grand Pk U n AD N TO S D IAMONDHE Lake Houston State Park ARD A D B OULEV w Pk CR OS BY FM 2100 FRE EW AY Gr d an MONTGOMERY struction on rc ExxonMobil e d Corporate Headquarters Un x Fr OS CR LIBERTY Y DA Eas te BY RO HARRIS Pr op George Bush Intercontinental Airport FM 1942 d Sheldon Reservoir Fr nt H mo au Be North Road Frw Pkw Lake Houston Toll Hard st rth we No rth ed Gran Sam Houston Pk No os n East Batow Loop Fr Downtown Galleria llwa Westpark To Texas Medical Centerth Sou San Jacinto Ba Pasadena Fr Loop Galveston Ba Pk William P. Hobb Airport Be nd Sam Houston Tollwa Gu lf Fr Fort FORT BEND w Fr hw ut So t es West Loop Westheimer Rd South Fr George Bush Park East Loop Kat Fr Armand Baou Park Clear Lake Goodwill 2

5 Tenant Profile & Site Plan Goodwill Industries supports the operations of about 165 independent Goodwill chapters in the U.S. and Canada. While it is most well known for its 2,800 thrift stores, the group focuses on providing rehabilitation, job training, placement, and emploment services for people with disabilities and others. Goodwill, founded in 1902, is one of the world s largest providers of such services, as well as one of the largest emploers in the world of the phsicall, mentall, and emotionall disabled. Support for its programs is generated primaril from the sale of donated goods, both at the retail stores and through an online auction site, as well as from contract work and government grants. Detention Pond Pad 3 Pending National Retailer FM 2100 Goodwill 3

6 Location Overview Goodwill is positioned on FM 2100 in Crosb, Texas, about 25 miles Northeast of Houston CBD. The propert sits along the cit s most heavil traveled thoroughfare, and is adjacent to the 156,000 square foot newl built Wal-Mart and the proposed ±92 acres development of Crosb High School. From 2000 to 2010, the area surrounding Goodwill has a track record of outstanding population growth of 41.8% within a three-mile radius, and projects an additional 9.8% from Goodwill is adjacent to a variet of national tenants, including Wal-Mart, Sonic, Walgreens, Famil Dollar, CVS Pharmac, and Kroger. The propert also benefits from convenient access to U.S. Highwa 90, with traffic counts of more than 27,000 vehicles per da. DEMOGRAPHICS POPULATION 1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS 2019 Projection 1,941 18,458 27, Estimate 1,825 16,806 25, Census 1,752 15,579 23, Census 1,519 10,984 18,262 Growth % 9.8% 9.0% Growth % 7.9% 6.9% Growth % 41.8% 30.0% 2014 Est. Median Age Est. Average Age Projection 678 6,198 9, Estimate 639 5,1 8, Census 615 5,350 8, Census 573 3,947 6,410 Growth % 8.9% 8.5% Growth % 6.4% 6.2% Growth % 35.5% 26.7% 2014 Est. Average Household Income $64,616 $75,484 $73, Est. Median Household Income $54,617 $64,214 $60, Est. Median Housing Value $107,622 $123,301 $117, Est. Average Household Size Est. Tenure of Occupied Housing Units 639 5,1 8,624 Owner Occupied 65.73% 78.76% 79.63% Renter Occupied 34.27% 21.26% 20.37% Goodwill 4

7 INVESTMENT SALES RYAN WEST Managing Director (713) MATT BERRY Associate Director (713) ROBBIE KILCREASE Real Estate Analst (713) FOR FINANCING INQUIRIES TYLER FORD Associate Director (713) Hollida Fenoglio Fowler, L.P. acting b and through Hollida GP Corp a Texas licensed real estate broker ( HFF ). 9 Greenwa Plaza Suite 700 Houston Texas Phone (713) Fax (713) HFF and HFFS (HFF Securities L.P.) are owned b HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industr. HFF together with its affiliate HFFS offer clients a full integrated national capital markets platform including debt placement, investment sales, equit placement, advisor services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on HFF has been engaged b the owner of the propert [properties] to market it [them] for sale. Information concerning the propert [properties] described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accurac or completeness of such information. An and all references to age, square footage, income, expenses and an other propert specific information are approximate. An opinions, assumptions, or estimates contained herein are projections onl and used for illustrative purposes and ma be based on assumptions or due diligence criteria different from that used b a buer. Buers should conduct their own independent investigation and rel on those results. The information contained herein is subject to change.