OF F E RIN G SUMMA RY

OF F E RIN G SUMMA RY

INVESTMENT OVERVIEW HFF is pleased to exclusively offer Spanish Crossroads (the Property ), a 74,230 square foot neighborhood shopping center located at the heavily traveled intersection of Bell Street and SW 34th Avenue in Amarillo, Texas. In addition to the Property s unmatched location within the trade area s significant retail node, Spanish Crossroads is 97% leased to a complimentary mix of valueoriented retailers, such as Big Lots, Dollar General, and Tuesday Morning, that are well suited to meet the daily needs of consumers. The Property features substantial nearterm value enhancement potential through marktomarket opportunities and leaseup of vacant space. In addition to upside potential, Spanish Crossroads exhibits investment security through steady cash flows due to the Property s exceptional historical occupancy of 99% over the last six years. The Property offers strong investment returns through the assumption of below market inplace financing. PROPERTY OVERVIEW TENANCY LOCATION 3415 Bell Street Amarillo, Texas 79109 OCCUPANCY 93% SIZE 74,230 SF YEAR BUILT 1977 ACREAGE 12.44 acres TENANT S&P CREDIT RATING SQUARE FEET % OF GLA EXPIRATION BBB 26,000 35.0% Jan20 TUESDAY MORNING 11,919 16.1% Jan19 PLATO S CLOSET 8,271 11.1% Dec19 DOLLAR GENERAL BBB 8,000 10.8% Jun20 18,040 24.3% AVAILABLE 2,000 2.7% TOTAL 74,230 100.0% BIG LOTS OTHER I 2

Gentry 40 1061 335 Cliffside AMARILLO Soncy N WESTE BR 287 Pleasant Valley 87 AMARILLO BLVD W E ST FRANCIS AVE FRITCH HWY 40 335 136 1912 Folsom Pullman OLD ROUTE 66 Amarillo Int l Airport N MASTERSON RD 1912 SONCY RD Zita LAKESIDE DR 1258 1541 S BLESSEN RD W HOLLYWOOD RD 2186 27 S WESTERN ST S WASHINGTON ST 335 1151 CLAUDE HWY PULLMAN RD INVESTMENT HIGHLIGHTS 2590 W McCORMIC RD NATIONAL RETAILERS FROM Q1 2015 TO Q1 2017, THE AMARILLO RETAIL MARKET HAS SEEN: TENANT LONGEVITY Tenancy at the center has remained stable with an average historical occupancy of 99% since 2011 and an average tenant tenure of seven years. INCOME STABILITY National tenants represent over 88% of the total GLA of the center, while 49% of the center has fixedrate renewal options. 36% RETAIL MARKET RENT GROWTH 23% RETAIL MARKET LEASING MOMENTUM I 3

TRADE AREA S RETAIL NODE The highdensity retail node surrounding Spanish Crossroads is home to many national retailers only location across the Amarillo region, ensuring longterm stability and growth. These retailers include T.J.Maxx, Hobby Lobby, Natural Grocers, Sears, Bealls, Dillard s, Best Buy, Target, Pier 1 Imports, Toys R Us, Barnes & Noble, and several more. HIGH TRAFFIC COUNTS With excellent visibility at the prominent intersection of 34th Avenue and Bell Street, Spanish Crossroads benefits from one of the highest nonfreeway traffic counts in Amarillo (approx. 52,000 VPD), as well as convenient access to I40 and I27 (over 110,000 VPD combined). OUTSTANDING LOCATION Spanish Crossroads is located in the heart of the growing Amarillo market with over 223,000 residents within a 10mile trade area, along with an impressive average household income of nearly $71,000. Surrounded by some of Amarillo s most established residential neighborhoods, Spanish Crossroads strategic position will continuously boast a draw from these surrounding communities, including The Greenways, Wolflin, The Colonies, Sleepy Hollow, and Puckett. POPULATION 1MILE 3MILE 5MILE 2017 Estimate 14,565 146,352 223,193 3.4% 5.6% 5.2% 2017 Estimate 4,122 38,767 58,366 Growth 20172022 3.8% 5.8% 5.4% $80,140 $74,957 $70,926 $169,506 $147,781 $132,905 Growth 20172022 # OF HOUSEHOLDS INCOME 2017 Est. Avg. Household Income HOUSING VALUE 2017 Est. Median Housing Value I 4

BELL STREET (52,000 VPD) Nail Salon Watt 2,000 SF North Highlands ATM Machine Cutting Edge ATKINSEN STREET ADDITIONAL INFORMATION If you have any questions or require additional information, please contact any of the individuals below. AARON JOHNSON Associate Director ajohnson@hfflp.com (469) 232.1987 BARRY BROWN Sr. Managing Director bbrown@hfflp.com (469) 232.1968 JIM BATJER Sr. Managing Director jbatjer@hfflp.com (469) 232.1970 PHOEBE BRENT Real Estate Analyst pbrent@hfflp.com (214) 692.4714 CMBS ASSUMPTION DEBT TERMS RYAN SHORE Managing Director rshore@hfflp.com (469) 232.1919 New Beginnings Preschool (NAP) SUITE # TENANT SF 3415 Big Lots 26,000 3415A Papa Johns Pizza 1,500 3415B Top Ten Nails 2,000 3415C Dollar General 8,000 3415H MetroPCS 2,000 3415J The Cutting Edge 2,000 3415M Plato s Closet 8,271 3415T/P Tuesday Morning 11,919 3249 Wells Fargo 2,500 900 Napoli s Italian Restaurant 6,489 ATM Amarillo National Bank 50 R Advance America 1,501 3415G Vacant 2,000 Total 74,230 EXISTING DEBT SUMMARY (AS OF APRIL 2017) LENDER/SERVICER Wells Fargo Bank ORIGINATION DATE September 29, 2016 MATURITY DATE October 11, 2026 BALANCES Principal Balance $4,875,000.00 Reserve Balance $488,627.00 TERM 120 months INTEREST ONLY 48 months (Exp. Oct2020) INTEREST RATE 4.01% MONTHLY PAYMENT Current Interest Due $16,290.62 Current Tax Due $6,731.00 Current Insurance Due $1,659.00 Current Revenues Due $6,042.00 TOTAL MONTHLY PAYMENT $30,722.62 NUMBER OF PERMITTED TRANSFERS Two (2) 2017 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF. HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. 2323 Victory Avenue Ste. 1200 Dallas, TX 75219 hfflp.com 214.265.0880 214.265.9564