STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX Carl Brown, CCIM, RPA Property Manager/Leasing Advisor

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1 STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX Carl Brown, CCIM, RPA Property Manager/Leasing Advisor carl.brown@svn.com James Blake, CCIM Managing Director james.blake@svn.com SVN TRINITY ADVISORS 3000 RACE STREET, SUITE 100, FORT WORTH, TX OFFERING MEMORANDUM

2 Property Summary OFFERING SUMMARY Sale Price: $1,400,000 Cap Rate: 6.72% NOI: $94,054 PROPERTY OVERVIEW The Hwy 377 Retail /Office Center has is well suited for investor upside. Current leases are below market and not capturing full NNN pass throughs. Current income reflects NOI $94,054; however, potential income based on market lease rate and NNN recapture reflects projection of $145,033 representing a 10.36% CAP Rate. The center has attractive Granbury stone and brick exterior low management landscaping. The center has high visibility and easy accessibility from Hwy 377 just north of downtown Granbury, TX. Lot Size: 54,362 SF PROPERTY HIGHLIGHTS Year Built: 2005 Building Size: 12,191 SF Occupancy: 90.16% Great Visibility Attractive Building Great Tenant Mix Zoning: Office Market: Hwy 377 Price / SF: $ STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX SVN Trinity Advisors Page 2

3 Additional Photos STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX SVN Trinity Advisors Page 3

4 Location Description GRANDBURY OVERVIEW A strong retail sector is important to economic vitality of any community. From the shops that line our historic square in downtown Granbury to the numerous retailers along JS 377 traversing our country our retail sector is alive and well. For those looking fur such a unique dichotomy of both historic attractions and present day shopping venues and activities. Granbury-Hood County is the place to be. Nestled around beautiful Lake Granbury, Hood county offers something for everyone. Some of the various offerings include: an opera house, several golf courses, excellent medical facilities, and antique shopping in Historic Dountown Granbury. The historic downtown was named "the best town square in Texas" by the readers of Texas Highways magazine. For those that love the water. Lake Granbury offers great fishing as well as the opportunity to enjoy boating and various water sports. Because of the growth of Hood County over the last several years, there are numerous housing options available to meet your needs. Options range from apartments to gated communities to golf course living to luxurious waterfront properties. Housing options for seniors are also plentiful of the community. Easy Access to Dallas- Fort Worth one of the largest economic markets in the U.S. Access to large, trained labor pool Access to excellent schools and training programs Access to public officials without lenghtty bureaucratic delays Access to one of the most unique living environments that includes beautiful Lake Granbury, excellent schools, several golf courses and variety of housing options. STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX SVN Trinity Advisors Page 4

5 Location Maps STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX SVN Trinity Advisors Page 5

6 Aerial Map STONE HILL CENTER STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX SVN Trinity Advisors Page 6

7 Rent Roll TENANT NAME UNIT NUMBER SIZE (SF) MONTHLY RENT LEASE START LEASE END RENT SF PASS- THRU SECURITY DEPOSIT PERCENT COMMENTS Dolan Chriopractic 101/102 2,160 $2, /16/ /15/2018 $ $ $2, % Tenant Since 2006 Gateway Mortgage 103 1,322 $1, /1/ /30/2018 $ $ % Base Year Taxes & Ins. Hard 8 Restaurants 104 1,165 $1, /1/ /31/2018 $98.04 $ $1, % Base Year Taxes & Ins. Robert Hunter 105/106 3,233 $2, /1/2017 1/31/2019 $ $0 $1, % Tenant since Massage $ /01/18 $ $ $ % Soundworks 108 1,161 $1, /6/ /06/19 $ $ $1, % Base Year Taxes & Ins. Vacant 109 1,200 0 $ % Terry Flemming 110 1,175 $1, /19/2017 Mo-to-Mo $ $96.60 $1, % Tenant since 2006 Totals/Averages 12,191 $10, $ $7, Annual Totals $124, $12, Current Occupy 90.16% STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX SVN Trinity Advisors Page 7

8 Financial Summary INVESTMENT OVERVIEW CURRENT PROFORMA Price $1,400,000 $1,400,000 Price per SF $ $ CAP Rate 6.72% 10.36% OPERATING DATA Gross Scheduled Income 124, ,420 NNN Passthrus 12,994 43,679 Total Scheduled Income 137, ,099 Vacancy Cost * 0-10,455 Property Taxes -18,727-18,727 Insurance -5,121-5,121 Utilities -10,031-10,031 Landscape/ Repairs -9,800-9,800 Management ** 0-9,932 Net Operating Income $94,056 $145,033 *Proforma Vacancy is factored at 5.0% **Currently no management fee, Proforma reflects 5.0% Management Fee. STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX SVN Trinity Advisors Page 8

9 Demographics Map2 POPULATION 1 MILE 5 MILES 10 MILES 1,503 23,815 50,218 Median age Median age (male) Median age (Female) MILE 5 MILES 10 MILES Total households ,050 20,561 # of persons per HH Average HH income $76,770 $72,426 $75,364 $151,613 $191,100 1 MILE 5 MILES 10 MILES 8.8% 8.4% 9.8% White 89.4% 91.2% 90.5% Black 0.0% 0.5% 0.5% Asian 1.9% 0.7% 0.6% Hawaiian 0.0% 0.0% 0.0% American Indian 0.9% 0.8% 0.9% 5.1% 5.4% 6.3% Total population HOUSEHOLDS & INCOME Average house value ETHNICITY (%) Hispanic RACE (%) Other * Demographic data derived from 2010 US Census STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX SVN Trinity Advisors Page 9

10 SVN Real Estate Team MEET THE TEAM Biography Carl Brown, CCIM, RPA James Blake, CCIM Property Manager/Leasing Advisor Managing Director Carl Brown, an Advisor for SVN Trinity Advisors, specializes in commercial property management. From 2007 until 2013, Carl was with Fidelity Asset Management (FAM). His responsibilities covered multiple locations of up to 500,000 square feet of commercial real estate. These properties included office, retail, and industrial warehouses. Carl serviced the life cycle of Tenant relations, from the maketing of the property, writing the Lease Agreements, collections, and overseeing repairs. James Blake, CCIM serves as Senior Advisor for SVN Trinity Advisors, specializing in multi-tenant retail shopping centers, freestanding single tenant retail buildings and industrial properties. With more than 30 years of Dallas/Fort Worth commercial real estate market experience, Blake has combined sales and leases in excess of $470 million. While Blake's shopping center and industrial clients are all across the United States, his focus is retail and industrial income producing properties in the Dallas/Fort Worth metroplex area. Prior to joining the commercial real estate industry, Carl worked in his family's electrical contracting business. He holds a Masters Electrical license, and has twenty-two years of experience working with clients such as Bank One, Grubbs Auto Dealerships, and several property management companies. This background in electrical construction enabled him to provide an additional level of expertise in the management of his properties. Blake began his commercial real estate career in 1985 with the Henry S. Miller Company. Blake teamed up with Fidelity Asset Management (FAM), a local commercial real estate asset management company, for six years. FAM focused on bank owned real estate and government owned real estate (FDIC, RTC). The company was responsible for management, leasing and disposition of assets. Blake also served as president of Butler Commercial Realty assisting local industrial and retail buyers and sellers for eight years. In 2013 James Blake was named Charles D. Tandy Commercial Realtor of the Year. Carl is a member of the Society of Commercial Realtors, and the Greater Fort Worth Association of Realtors. His designations include a (CCIM) Certified Commercial Investment Member, (RPA) Real Property Administrator, and (FMA) Facilities Management Administration. In 1989 he earned his accounting degree from Oklahoma Christian College. This is where he met his wife of twenty-six years, Jill. Together they are raising two teenagers and are active in the school, church, and community of Joshua, Texas. As an involved commercial real estate Advisor, Blake has served as region three representative for the Texas Association of Realtors Commercial Investment Division. He has also served as chairman of the Society of Commercial Realtors in Fort Worth, Texas. In addition, Blake is an active member of the community serving on several civic boards. Blake holds a Certified Commercial Investment Member (CCIM) designation and has earned a bachelor's degree in real estate finance from Texas Tech University, Lubbock, Texas. carl.brown@svn.com STONE HILL CENTER 2441 E HWY 377 GRANBURY, TX james.blake@svn.com SVN Trinity Advisors Page 10

11 DFW Trinity Advisors, LLC Stephen H. Fithian James Blake James Blake