Description. Neighboring Retailers

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1 EXECUTIVE SUMMARY FOR LEASE Lakewood Forest Shopping Center Description Overview AVAILABLE GLA LEASE RATES 1,127-10,220 SF 107,224 SF Call for Rates Cross-access parking lot with Target. Located in affluent, growing area. Strong daytime population from nearby Hewlett Packard offices & Lone Star Campus. Three miles north of Willowbrook Mall and directly across SH-249 from The Vintage. Neighboring Retailers Demographics Income Households Daytime Population 1 MILE 3 MILES 5 MILES $116,809 4,800 13,177 $110,108 34,919 94,801 $109,328 92, ,337 Year: 2016 Source: Esri Contact ED HEAP edward.heap@srsre.com Traffic Counts State Highway 249, NW of Site State Highway 249, SE of Site 62,865 VPD 124,693 VPD Year: 2015 Source: TXDot SRS REAL ESTATE PARTNERS 2950 North Loop West, Suite 1125 Houston, TX

2 PHOTOS Lakewood Forest Shopping Center

3 AERIAL Lakewood Forest Shopping Center

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5 DEMOS Executive Summary Population 1 mile 3 miles 5 miles 2000 Population 11,155 61, , Population 12,451 85, , Population 13,177 94, , Population 14, , , Annual Rate 1.11% 3.29% 4.38% Annual Rate 0.91% 1.72% 1.81% Annual Rate 1.27% 1.92% 1.94% 2016 Male Population 49.1% 49.0% 48.9% 2016 Female Population 50.9% 51.0% 51.1% 2016 Median Age In the identified area, the current year population is 258,337. In 2010, the Census count in the area was 230,927. The rate of change since 2010 was 1.81% annually. The five-year projection for the population in the area is 284,422 representing a change of 1.94% annually from 2016 to Currently, the population is 48.9% male and 51.1% female. Median Age The median age in this area is 39.7, compared to U.S. median age of Race and Ethnicity 2016 White Alone 78.4% 71.9% 68.5% 2016 Black Alone 5.5% 8.6% 10.1% 2016 American Indian/Alaska Native Alone 0.5% 0.5% 0.5% 2016 Asian Alone 9.5% 9.4% 9.9% 2016 Pacific Islander Alone 0.0% 0.1% 0.1% 2016 Other Race 3.2% 6.1% 7.4% 2016 Two or More Races 2.9% 3.4% 3.4% 2016 Hispanic Origin (Any Race) 15.7% 21.2% 23.5% Persons of Hispanic origin represent 23.5% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 68.7 in the identified area, compared to 63.5 for the U.S. as a whole. Households 2000 Households 3,822 21,554 52, Households 4,566 31,655 83, Total Households 4,800 34,919 92, Total Households 5,090 38, , Annual Rate 1.79% 3.92% 4.62% Annual Rate 0.80% 1.58% 1.64% Annual Rate 1.18% 1.81% 1.82% 2016 Average Household Size The household count in this area has changed from 83,116 in 2010 to 92,017 in the current year, a change of 1.64% annually. The five-year projection of households is 100,711, a change of 1.82% annually from the current year total. Average household size is currently 2.80, compared to 2.77 in the year The number of families in the current year is 68,359 in the specified area.

6 DEMOS Executive Summary Median Household Income 1 mile 3 miles 5 miles 2016 Median Household Income $100,790 $86,394 $84, Median Household Income $104,222 $93,542 $92, Annual Rate 0.67% 1.60% 1.87% Average Household Income 2016 Average Household Income $116,809 $110,108 $109, Average Household Income $123,179 $117,685 $117, Annual Rate 1.07% 1.34% 1.44% Per Capita Income 2016 Per Capita Income $43,022 $40,423 $39, Per Capita Income $45,199 $42,959 $41, Annual Rate 0.99% 1.22% 1.31% Households by Income Current median household income is $84,049 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $92,189 in five years, compared to $59,476 for all U.S. households Current average household income is $109,328 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $117,406 in five years, compared to $84,021 for all U.S. households Current per capita income is $39,073 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $41,696 in five years, compared to $32,025 for all U.S. households Housing 2000 Total Housing Units 3,962 22,477 55, Owner Occupied Housing Units 3,083 16,888 40, Renter Occupied Housing Units 739 4,666 12, Vacant Housing Units , Total Housing Units 4,742 33,524 88, Owner Occupied Housing Units 3,409 22,486 59, Renter Occupied Housing Units 1,157 9,169 23, Vacant Housing Units 176 1,869 5, Total Housing Units 4,965 36,178 95, Owner Occupied Housing Units 3,427 23,632 63, Renter Occupied Housing Units 1,373 11,286 28, Vacant Housing Units 165 1,259 3, Total Housing Units 5,256 39, , Owner Occupied Housing Units 3,597 25,678 68, Renter Occupied Housing Units 1,493 12,527 31, Vacant Housing Units ,161 Currently, 66.0% of the 95,906 housing units in the area are owner occupied; 29.9%, renter occupied; and 4.1% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 88,607 housing units in the area % owner occupied, 26.4% renter occupied, and 6.2% vacant. The annual rate of change in housing units since 2010 is 3.58%. Median home value in the area is $199,856, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 2.33% annually to $224,263.

7 TREC Information About Brokerage Services Texas Real Estate Commission ( ) Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly. A license holder can represent a party in a real estate transaction. AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner s agent must perform the broker s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer s agent must perform the broker s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must rst obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker s obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties written consent, appoint a di erent license holder associated with the broker to each party (owner an buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose: that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker s services. Please acknowledge receipt of this notice below and retain a copy for your records. SRS Real Estate Partners - Houston, LLC jonathan.hicks@srsre.com Licensed Broker/Broker Firm Name or Primary Assumed Business Name License No. Phone Jonathan Hicks jonathan.hicks@srsre.com Designated Broker of Firm License No. Phone Licensed Supervisor of Sales Agent/Associate License No. Phone Sales Agent/Associate's Name License No. Phone Buyers Initials Tenant Initials Seller Initials Landlord Initials Date Regulated By The Texas Real Estate Commission Information available at