Dolex Building Investment - LoopNetimages2.loopnet.com/d2/_6a5LlY_Y52pFkJg_TlN05R6MSkKt64Ds7f4F8IrO1M/...industry with more than 530 proprietary retail stores and 1,800 retail agent

For more information contact:

Dolex Building Investment6706 Canal StreetHouston, TX 77011

Bryan San Angelo

Senior Associate

(214) 281-8633

[email protected]

Jerad Rector

President

214-281-8616

[email protected]

Phone: (214) 281-8633 ● 8501 Wade Blvd. Suite 770 ● Frisco, TX 75034 ● www.CREfirm.com

Corporate Guaranty Sale/Lease back●

Absolute NNN lease●

7 year term with 2, 5 year options to renew●

Annual rent escalations●

7.79% Cap Rate and year 1 Cash on Cash over 12%●

Table of Contents

Exclusive Listing & Disclaimer ..................................................................................... 3

Real Estate Investment Details ..................................................................................... 4

Property Description .................................................................................................... 5

Executive Summary ...................................................................................................... 6

Cash Flow Analysis ...................................................................................................... 7

Financial Indicators ...................................................................................................... 8

Cumulative Analysis .................................................................................................... 9

Investment Return Analysis .......................................................................................... 10

Location Map ................................................................................................................... 11

Demographics ................................................................................................................. 12

Information on Broker Services .................................................................................... 13

Dolex Building Investment

6706 Canal StreetHouston, TX 77011

Bryan San Angelo(214) 281-8633

page 3 of 13

Real Estate Investment DetailsDolex Building Investment



Analysis

Analysis Date May 2017

Property

Property Dolex Building Investment

Property Address 6706 Canal StreetHouston, TX 77011

Year Built 1965

Financial Information

Down Payment $125,000

Closing Costs $10,000

Discount Rate 5.00%

Purchase Information

Property Type Office

Purchase Price $625,000

Tenants 1

Total Rentable Sq. Ft. 3,706

Resale Valuation 7.0% (capitalization of noi)

Resale Expenses 7.0%

Loans

Type Debt Term Amortization Rate Payment LO Costs

Balloon $500,000 5 years 30 years 4.7% $2,593 $5,000

Income & Expenses

Gross Operating Income $48,660

Monthly GOI $4,055

Total Annual Expenses $0

Contact Information

Bryan San Angelo

(214) 281-8633

[email protected]

Jerad Rector

214-281-8616

[email protected]

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projectionsand analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax orother professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting,tax or other professional area before making any decisions.

page 4 of 13

Property DescriptionDolex Building Investment



The Dolex Building is offered as a sale/leaseback with a new 7 year absolute net lease. The tenant will beresponsible for all expenses including maintenance, repairs and replacements. The lease will be corporatelyguaranteed with annual rent escalations. Financial metrics show a cap rate of 7.79% with a year 1 Cash onCash Return over 12%.

About Dolex:

DolEx Dollar Express, Inc. is an international organization and a leader in the International Money Transferindustry with more than 530 proprietary retail stores and 1,800 retail agent partners. Dolex’s earningsincreased in 2015 by almost 10% over the prior year. The US, two industry leading brands, DolEx® &Quisqueyana®, serve their customers through two distinctive retail distribution channels in over 30 states,Puerto Rico and the US Virgin Islands. Their brand, Europhil, is a leader in money transfers from Spain.

Both DolEx & Quisqueyana offer the same payer network and together they serve over 35 countries withmore than 50,000 payout locations worldwide. They are the only company in the industry with a combinationof a significantly large number of company owned branches and an extensive retail agent network whichallows them to better serve their core customer.

Dolex maintains a A+ rating with the Better Business Bureau.

Offered at $625,000

page 5 of 13

Executive SummaryDolex Building Investment



ACQUISITION COSTS

Purchase Price, Points and Closing Costs $640,000

Investment - Cash $140,000

First Loan $500,000

INVESTMENT INFORMATION

Purchase Price $625,000

Price per Tenant $625,000

Price per Sq. Ft. $168.65

INCOME, EXPENSES & CASH FLOW

Gross Scheduled Income $48,660

Total Vacancy and Credits $0

Operating Expenses $0

Net Operating Income $48,660

Debt Service ($31,118)

Cash Flow Before Taxes $17,542

FINANCIAL INDICATORS

Cash on Cash Return Before Taxes 12.53%

Optimal Internal Rate of Return (yr 6) 40.70%

Debt Coverage Ratio 1.56

Capitalization Rate 7.79%

Gross Income / Square Feet $13.13

page 6 of 13

Cash Flow AnalysisDolex Building Investment



Description Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7

GROSS SCHEDULED INCOME $48,660 $50,120 $51,623 $53,172 $54,767 $55,852 $56,410

Total Operating Expenses $0 $0 $0 $0 $0 $0 $0

NET OPERATING INCOME $48,660 $50,120 $51,623 $53,172 $54,767 $55,852 $56,410

Loan Payment ($31,118) ($31,118) ($31,118) ($31,118) ($31,118) $0 $0

NET CASH FLOW (b/t) $17,542 $19,001 $20,505 $22,054 $23,649 $55,852 $56,410

Cash On Cash Return b/t 12.53% 13.57% 14.65% 15.75% 16.89% 9.35% 9.45%

Footnotes: b/t = before taxes;a/t = after taxes

page 7 of 13

Financial IndicatorsDolex Building Investment




Gross Rent Multiplier 14.71 14.71 14.71 14.71 14.57 14.43 14.71

Capitalization Rate 7.79% 8.02% 8.26% 8.51% 8.76% 8.94% 9.03%

Cash On Cash Return b/t 12.53% 13.57% 14.65% 15.75% 16.89% 9.35% 9.45%

Cash On Cash Return a/t 12.53% 13.57% 14.65% 15.75% 16.89% 9.35% 9.45%

Debt Coverage Ratio 1.56 1.61 1.66 1.71 1.76 N/A N/A

Gross Income per Sq. Ft. $13.13 $13.52 $13.93 $14.35 $14.78 $15.07 $15.22

Expenses per Sq. Ft. $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Net Income Multiplier 14.71 14.71 14.71 14.71 14.57 14.43 14.71

Operating Expense Ratio 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Loan To Value Ratio 68.75% 65.64% 62.60% 59.63% 0.00% 0.00% 0.00%

Footnotes: b/t = before taxes; a/t = after taxes

page 8 of 13

Cumulative AnalysisDolex Building Investment




Equity (appreciation) $90,994 $112,474 $134,598 $157,386 $172,879 $180,857 $205,033

Equity (loan reduction) $7,785 $15,943 $24,493 $33,454 $500,000 $500,000 $500,000

CASH FLOW (a/t) $17,542 $36,543 $57,048 $79,101 $102,750 $158,602 $215,012

Totals - To Date $116,320 $164,959 $216,139 $269,941 $775,629 $839,459 $920,045

Invested Capital ($140,000) ($140,000) ($140,000) ($140,000) ($140,000) ($597,155) ($597,155)

ROIC - To Date 83.09% 117.83% 154.38% 192.82% 554.02% 140.58% 154.07%

Footnotes: a/t = after taxes; ROIC = Return On Invested Capital

page 9 of 13

Investment Return AnalysisDolex Building Investment




Cash Flow - To Date $17,542 $36,543 $57,048 $79,101 $102,750 $158,602 $215,012

Net Resale Proceeds $169,758 $193,823 $218,878 $244,961 $264,690 $725,195 $743,775

Invested Capital ($140,000) ($140,000) ($140,000) ($140,000) ($140,000) ($597,155) ($597,155)

Net Return on Investment $47,300 $90,365 $135,926 $184,063 $227,440 $286,642 $361,632

Internal Rate of Return 33.79% 29.72% 27.81% 26.54% 25.05% 40.70% 36.80%

Modified IRR 33.79% 28.52% 25.79% 23.89% 21.94% 36.34% 32.11%

NPV (cash flow + reversion) $42,096 $76,974 $111,131 $144,583 $171,532 $549,253 $578,690

PV (NOI + reversion) $680,509 $713,889 $746,634 $778,755 $804,450 $823,979 $853,416

Footnotes: a/t = after taxes; Modified IRR = Modified Internal Rate of Return; PV = Present Value; NPV = Net Present Value; NOI = Net Operating IncomeReversion = Amount received from the resale; Net Return on Investment = Cash Flow (a/t To Date) + Net Proceeds from Resale - Invested Capital.

page 10 of 13

Location MapDolex Building Investment



page 11 of 13

DemographicsDolex Building Investment



Population Characteristic 1 Mile 3 Mile 5 Mile

AGES 0-4 1,692 10,653 24,756

AGES 5-9 1,853 11,708 27,260

AGES 10-14 1,579 9,838 22,945

AGES 15-19 1,394 8,856 20,929

AGES 20-24 1,441 9,447 22,595

AGES 25-29 1,502 10,020 24,306

AGES 30-34 1,483 9,982 24,431

AGES 35-39 1,426 9,458 23,578

AGES 40-44 1,344 8,689 23,049

AGES 45-49 1,261 8,072 22,071

AGES 50-54 1,101 7,115 19,547

AGES 55-59 926 6,247 17,266

AGES 60-64 739 5,202 14,534

AGES 65-69 559 4,097 11,338

AGES 70-74 367 2,854 8,505

AGES 75-79 211 1,771 6,116

AGES 80-84 74 927 3,815

AGES 85+ 165 1,743 6,925

Household Income 1 Mile 3 Mile 5 Mile

Median Household Income $27,686 $29,746 $31,182

< $10000 728 5,322 13,819

$10000-$14999 656 3,715 9,603

$15000-$19999 678 3,626 8,783

$20000-$24999 439 3,208 7,937

$25000-$29999 637 2,925 7,130

$30000-$34999 370 2,949 7,528

$35000-$39999 456 2,323 5,583

$40000-$44999 231 1,924 4,756

$45000-$49999 254 1,894 4,633

$50000-$60000 339 2,681 7,921

$60000-$74000 451 3,053 8,062

$75000-$99999 269 2,893 8,399

$100000-$124999 102 1,238 4,273

$125000-$149999 97 613 2,271

$150000-$199999 20 540 2,212

> $200000 45 389 2,136

Race Characteristic 1 Mile 3 Mile 5 Mile

Non Hispanic White 12,141 69,226 156,808

Population Black 287 17,221 80,634

Population Am In/AK Nat 36 222 562

Characteristic Housing 1 Mile 3 Mile 5 Mile

Housing Units 6,608 47,290 128,000

Occupied Housing Units 5,629 40,436 108,670

Owner Occupied Housing Units 2,271 17,895 49,237

Renter Occupied Housing Units 3,358 22,541 59,433

Vacant Housing Units 979 6,854 19,330

page 12 of 13

North Texas Commercial Association of Realtors®

INFORMATION ABOUT BROKERAGE SERVICES

Texas law requires all real estate licensees 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 theowner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum dutiesabove and must inform the owner of any material information about the property or transaction known by the agent, including informationdisclosed 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 awritten 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 first obtain the writtenagreement 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 different license holder associated with the broker to each party (owner and 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. Asubagent 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

Worldwide Commercial, PLLC

Licensed Broker/Broker Firm Name or

Primary Assumed Business Name

Designated Broker of Firm

Licensed Supervisor of Sale Agent/Associate

Sales Agent/Associates's Name

9001217

License No.

License No.

License No.

License No.

[email protected]

Email

Email

Email

Email

800-474-5068

Phone

Phone

Phone

Phone

1996 NTCAR FORM 15 (1/96) PRODUCED WITH WINAIR FORMS© Page 1

Documents

Dolex Building Investment - LoopNetimages2.loopnet.com/d2/_6a5LlY_Y52pFkJg_TlN05R6MSkKt64Ds7f4F8IrO1M/...industry with more than 530 proprietary retail stores and 1,800 retail agent