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DALLAS, TX GLEN OAKS CROSSING (WALMART SHADOW RETAIL)

Glen Oaks Crossing - Dallas, TX

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Page 1: Glen Oaks Crossing - Dallas, TX

LUXURIOUSTENANT3,800 SF

W. L

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IHOP

Luxurious Locks

DALLAS, TX

GLEN OAKS CROSSING(WALMART SHADOW RETAIL)

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

Glen Oaks Crossing 4767 Vista Wood BlvdDallas, TX 75232

Offering SummaryPrice $9,750,000

Cap Rate 7.00%

Net Operating Income $682,736

Price PSF $226.36

Occupancy 100%

Year Built 2015

Gross Leasable Area 43,073 SF

Lot Size 3.89 Acres

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

incOme & expenSeS current pSfBase Rent - Occupied Space (100%) $705,467 $16.38

Base Rent - Lease Up Space (0%) $0.00 $0.00 GROSS POTENTAL RENT $705,467 $16.38

Expense Reimburement

Real Estate Taxes $159,582 $3.70

Insurance $18,269 $0.42

CAM $117,257 $2.72

Mgmt. Fee $19,035 $0.44

Total Reimbursement $314,143 $7.29 GROSS POTENTIAL INCOME $1,019,610 $23.67

Vacancy Factor (economic) 0.00% $0.00 $0.00 EFFECTIVE GROSS INCOME $1,019,610 $23.67

Expenses

Real Estate Taxes ($163,158) ($3.79)

Insurance ($18,634) ($0.43)

CAM ($124,494) ($2.89)

Mgmt. Fee (% of GPI) 3.00% ($30,588) ($0.71)

Total Expenses ($336,874) ($7.82)

NET OPERATING INCOME $682,736 $15.85

expenSeS current pSfReal Estate Taxes $163,158 $3.79

Insurance $18,634 $0.43

CAM

CAM $124,494 $2.89

Total CAM $124,494 $2.89

Management Fee (% of GPI) 3.00% $30,588 $0.71

TOTAL EXPENSES $336,874 $7.82

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

RENT ROLL

Suite tenant Sq ft% Of Sq ft

LeaSe StartLeaSe

expiratiOnannuaL rent pSf eScaLatiOn

DateeScaLatiOn

amOuntOptiOnS

LeaSetype

A110 Shoe Show 5,000 11.6% 7/1/2015 6/30/2020 $69,999.96 $14.00 7/1/2020 $15.00 2 x 5 NNN [1]

A120 Cato 4,000 9.3% 7/1/2015 1/31/2020 $50,000.04 $12.50 2/1/2020 $13.50 3 x 5 NNN [2]

A150 Dollar Tree 10,046 23.3% 7/25/2015 7/31/2020 $110,505.96 $11.00 8/1/2020 $11.50 3 x 5 NNN [3]

A180 Patient Choice 5,924 13.8% 5/1/2016 4/30/2021 $82,936.00 $14.00 5/1/2021 $15.40 1 x 5 NNN [4]

A190 Hibbett Sports 5,000 11.6% 9/1/2015 12/31/2022 $67,500.00 $13.50 1/1/2023 $14.50 2 x 5 NNN [5]

B100 T-Mobile 2,000 4.6% 6/1/2015 5/31/2020 $56,000.04 $28.00 6/1/2020 $30.80 2 x 5 NNN [6]

B110 Pizza Hut 1,200 2.8% 7/1/2015 6/30/2020 $28,200.00 $23.50 7/1/2020 $25.85 3 x 5 NNN [7]

B120 Gamestop 1,800 4.2% 7/1/2015 6/30/2020 $43,200.00 $24.00 7/1/2020 $26.00 2 x 5 NNN [8]

B170-190 Tiger Nail 2,000 4.6% 9/1/2015 8/31/2025 $48,000.00 $24.00 9/1/2020 $26.40 1 x 5 NNN [9]

C110 Legacy Dental 3,409 7.9% 10/1/2015 9/30/2025 $85,224.96 $25.00 10/1/2020 $27.50 2 x 5 NNN [10]

C160 Metro PCS 1,344 3.1% 10/1/2015 9/30/2020 $28,800.00 $21.43 10/1/2020 $23.57 1 x 5 NNN [11]

C190 Wingstop 1,350 3.1% 10/1/2015 9/30/2025 $35,100.00 $26.00 10/1/2025 $31.46 3 x 5 NNN [12]

Occupied 43,073 100.0% $705,467 $16.38

Vacant 0 0.0%

Total 43,073 100.0%

NOTES:[1] No Mgmt. Fee, but 5% Admin. Fee; CAM cap of 4% [2] No Mgmt. Fee or Admin. Fee; CAM cap of 5% [3] No Mgmt. Fee, but 10% Admin. Fee; CAM cap of 5% [4] Includes Mgmt. Fee and 5% Admin. Fee [5] No Mgmt. Fee, but 15% Admin. Fee; CAM cap of 4% [6] No Mgmt. Fee, but 5% Admin. Fee; Cam cap of 5% [7] No Mgmt. Fee, but 10% Admin. Fee; Annual CAM cap of 4% [8] No Mgmt. Fee, but 10% Admin. Fee; Annual CAM cap of 3% [9] No Mgmt. Fee, but 15% Admin. Fee; New GLA Expansion Lease (First Year Reimb Est =Taxes $2.00, Ins $0.25, CAM $1.50)[10] Includes Mgmt. Fee and 15% Admin. Fee; Annual CAM cap of 5% [11] Includes Mgmt. Fee and 15% Admin. Fee; Annual CAM cap of 5% [12] Includes Mgmt. Fee and 15% Admin. Fee

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

TENANT INFORMATION

Dollar Tree is the largest and most successful single-price-point retailer in North America. Additionally, in 2015, Dollar Tree acquired Family Dollar stores. Dollar Tree provides a variety of products for health & beauty, food, party and seasonal décor, houswares and much more.

tenant OverviewTenant Dollar Tree

Ownership Public

Years In Business 24 Years

Number of Locations 13,600+

Headquarters Norfolk, VA

Website www.dollartree.com

Cato Corporation is an American retailer of women’s fashions and accessories. The Company operates stores that are located throughout the United States, and in a variety of markets ranging from small towns to metropolitan areas. The Company’s stores includes a variety of clothes such as dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. These products are produced by various vendors in accordance with the Company’s specifications, but generally are sold under its private label. For customers’ convenience, the company provides the credit service via offering its own credit cards.

tenant OverviewTenant Cato

Ownership Public

Years In Business 69 Years

Number of Locations 1,000+

Headquarters Charlotte, NC

Website www.catofashions.com

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

TENANT INFORMATION

MetroPCS is a prepaid wireless service in the United States that is part of T-Mobile US, Inc. MetroPCS provides nationwide talk, text, and data depending on the plan services using T-Mobile US’ GSM, HSPA, HSPA+ and 4G LTE networks.

tenant OverviewTenant MetroPCS

Ownership Public

Years In Business 21 Years

Number of Locations 15,080

Headquarters Richardson, TX

Website www.metropcs.com

Wingstop Restaurants, Inc., is a chain of nostalgic, aviation-themed restaurants where the sole focus is on chicken wings. Wingstop locations are decorated following a 1930s and 1940s “pre-jet” aviation theme. The restaurant chain was founded in 1994 in Garland, Texas, and began offering franchises in 1998. Since then, Wingstop has grown into a chain with more than 650 restaurants either open or in development. The chain has its headquarters in Dallas, Texas.

tenant OverviewTenant Wingstop

Ownership Public

Years In Business 23 Years

Number of Locations 1,000+

Headquarters Dallas, TX

Website www.wingstop.com

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

TENANT INFORMATION

Pizza Hut is an American restaurant chain and international franchise, known for pizza and side dishes. It is now corporately known as Pizza Hut, Inc. and is a subsidiary of Yum! Brands, Inc., the world’s largest restaurant company. Some full-size Pizza Hut locations have a lunch buffet, with “all-you-can-eat” pizza, salad, bread sticks, and a pasta bar. Pizza Hut has a number of other business concepts that are different from the store type; Pizza Hut “Bistro” locations are “Red Roofs” which have an expanded menu and slightly more upscale options.

tenant OverviewTenant Pizza Hut

Ownership Public

Years In Business 57 Years

Number of Locations 11,139

Headquarters Plano, TX

Website www.pizzahut.com

GameStop Corporation, simply referred to as GameStop, is an American video game, consumer electronics, and wireless services retailer. The company is headquartered in Grapevine, Texas, United States, and operates 6,457 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe. The company’s retail stores primarily operate under the GameStop, EB Games, and Micromania brands.

tenant OverviewTenant GameStop

Ownership Public

Years In Business 31 Years

Number of Locations 6,627

Headquarters Grapevine, TX

Website www.gamestop.com

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

TENANT INFORMATION

Shoe Show, Inc. is an American footwear retailer based in Concord, North Carolina. It operates shoe stores throughout the United States under the brands Shoe Show, The Shoe Dept., The Shoe Dept. Encore, Shoebilee! and Burlington Shoes.

tenant OverviewTenant Shoe Show

Ownership Private

Years In Business 55 Years

Number of Locations 1,600+

Headquarters Concord, NC

Website www.shoeshow.com

Hibbett Sports, Inc. is a publicly traded holding company for Hibbett Sporting Goods, a full line sporting goods retailer headquartered in Birmingham, Alabama. As of September, 2015, the company operated 1,025 retail stores in 32 states. Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets, in the Southeast, Southwest and lower Midwest regions of the United States. The company’s primary store format is the Hibbett Sports store, an approximately 5,000 square foot store located primarily in strip centers which are frequently influenced by a Wal-Mart store.

tenant OverviewTenant Hibbett Sports

Ownership Public

Years In Business 70 Years

Number of Locations 1,025

Headquarters Birmingham, AL

Website www.hibbett.com

Legacy Dental provides Family Dental Care in the Dallas Fort Worth area, with three dentists offices located for your convenience. They offer exceptional dental care for their patients. Offices are open 6 days a week.

tenant OverviewTenant Legacy Dental

Ownership Private

Years In Business 3 Years

Number of Locations 3

Headquarters Dallas, TX

Website www.legacydentaldfw.com

Page 9: Glen Oaks Crossing - Dallas, TX

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

INVESTMENT HIGHLIGHTS

• New 2015 Development - Shadow Anchored to Walmart Supercenter

• 100% Occupied with Long-Term NNN Leases and Staggered Lease Turnover

• Ease of Management - 75% National Tenants

• Located at the SW Corner of Hwy 12 and I-35 in Dallas, TX

• Demographics Strongly Support Tenant Lineup

• Over 285,000 Potential Customers in a 5-Mile Radius - 9.35% Increase Since 2000

• 137,000+ Vehicles Pass This Corner on a Daily Basis

• Other Tenants Already Committed to This Development Include Walmart, QuikTrip, IHOP, Wendy’s and Taco Bell

Page 10: Glen Oaks Crossing - Dallas, TX
Page 11: Glen Oaks Crossing - Dallas, TX

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

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GLEN OAKS CROSSINGSITE PLAN

LUXURIOUSTENANT3,800 SF

W. L

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IHOP

Luxurious Locks

(Subject Property)Glen Oaks Crossing

FUTURE DEVELOPMENT

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12This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

GLEN OAKS CROSSINGAERIAL MAP

Learning Alternative Center for

Empowering Youth

Life School Oak Cliff

South Oak CliffHigh School

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

LOCAL MAP

Page 14: Glen Oaks Crossing - Dallas, TX

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

REGIONAL MAP

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

MARKET SUMMARY

DALLAS, TEXASDallas encompasses half of the Dallas/Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States. Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas/Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States.

The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 6,810,913 people as of July 1, 2013. The metropolitan economy is the sixth largest in the United States, with a 2012 real GDP of $420.34 billion. In 2013 the metropolitan area led the nation with the largest year-over-year increase in employment, and advanced to become the fourth-largest employment center in the nation (behind New York City, Los Angeles, and Chicago) with more than three million non-farm jobs. In the

latest rankings released in 2013, Dallas was rated as a “beta plus” world city by the Globalization and World Cities Study Group & Network. Dallas is also ranked 14th in world rankings of GDP by the Organization for Economic Co-operation and Development. The Dallas-Fort Worth Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city of Dallas has 12 Fortune 500 companies, and the DFW region as a whole has 20.

Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations. Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

DEMOGRAPHIC STATISTICS

Radius 1 Mile 3 Mile 5 MilePopulation:

2022 Projection 12,111 119,183 307,8582017 Estimate 11,593 113,605 292,6092010 Census 11,479 109,863 278,245Growth 2017-2022 4.47% 4.91% 5.21%Growth 2010-2017 0.99% 3.41% 5.16%2017 Population Hispanic Origin 2,088 44,478 138,320

2017 Population by Race:White 2,707 46,816 148,770Black 8,428 63,428 134,487Am. Indian & Alaskan 74 975 2,975Asian 211 1,006 2,620Hawaiian & Pacific Island 4 91 254Other 170 1,289 3,503U.S. Armed Forces: 0 26 72

Households:2022 Projection 4,131 38,097 98,9872017 Estimate 3,966 36,393 94,2482010 Census 3,996 35,667 90,625Growth 2017 - 2022 4.16% 4.68% 5.03%Growth 2010 - 2017 -0.75% 2.04% 4.00%Owner Occupied 2,181 22,186 49,702Renter Occupied 1,784 14,207 44,546

2017 Avg Household Income $48,460 $46,266 $47,627 2017 Med Household Income $34,915 $34,385 $35,307 2017 Households by Household Inc:

<$25,000 1,426 13,517 33,751$25,000 - $50,000 1,139 10,580 27,997$50,000 - $75,000 718 6,238 15,728$75,000 - $100,000 310 3,080 8,585$100,000 - $125,000 207 1,358 3,654$125,000 - $150,000 51 668 1,598$150,000 - $200,000 42 562 1,826$200,000+ 73 392 1,109

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The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Page 18: Glen Oaks Crossing - Dallas, TX

STRIVE hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Commercial Disclaimer

Page 19: Glen Oaks Crossing - Dallas, TX

TYPES OF REAL ESTATE LICENSE HOLDERS:• ABROKERisresponsibleforallbrokerageactivities,includingactsperformedbysalesagentssponsoredbythebroker.• ASALESAGENT mustbesponsoredbyabrokerandworkswithclientsonbehalfofthebroker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Puttheinterestsoftheclientaboveallothers,includingthebroker’sowninterests;• Informtheclientofanymaterialinformationaboutthepropertyortransactionreceivedbythebroker;• Answertheclient’squestionsandpresentanyoffertoorcounter-offerfromtheclient;and• Treatallpartiestoarealestatetransactionhonestlyandfairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): Thebrokerbecomesthepropertyowner’sagentthroughanagreementwiththeowner,usuallyinawrittenlistingtosellorpropertymanagementagreement.Anowner’sagentmustperformthebroker’sminimumdutiesaboveandmustinformtheownerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentorsubagentbythebuyerorbuyer’sagent.

AS AGENT FOR BUYER/TENANT: Thebrokerbecomes thebuyer/tenant’sagentbyagreeing to represent thebuyer,usually throughawrittenrepresentationagreement.Abuyer’sagentmustperformthebroker’sminimumdutiesaboveandmustinformthebuyerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentbythesellerorseller’sagent.

AS AGENT FOR BOTH - INTERMEDIARY: Toactasanintermediarybetweenthepartiesthebrokermustfirstobtainthewrittenagreementofeachpartytothetransaction.Thewrittenagreementmuststatewhowillpaythebrokerand,inconspicuousboldorunderlinedprint,setforththebroker’sobligationsasanintermediary.Abrokerwhoactsasanintermediary:• Musttreatallpartiestothetransactionimpartiallyandfairly;• May,withtheparties’writtenconsent,appointadifferentlicenseholderassociatedwiththebrokertoeachparty(ownerand• buyer)tocommunicatewith,provideopinionsandadviceto,andcarryouttheinstructionsofeachpartytothetransaction.• Mustnot,unlessspecificallyauthorizedinwritingtodosobytheparty,disclose:

ӽ thattheownerwillacceptapricelessthanthewrittenaskingprice;ӽ thatthebuyer/tenantwillpayapricegreaterthanthepricesubmittedinawrittenoffer;andӽ anyconfidentialinformationoranyotherinformationthatapartyspecificallyinstructsthebrokerinwritingnottodisclose,unlessrequiredtodosobylaw.

AS SUBAGENT: Alicenseholderactsasasubagentwhenaidingabuyerinatransactionwithoutanagreementtorepresentthebuyer.Asubagentcanassistthebuyerbutdoesnotrepresentthebuyerandmustplacetheinterestsoftheownerfirst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• Thebroker’sdutiesandresponsibilitiestoyou,andyourobligationsundertherepresentationagreement.• Whowillpaythebrokerforservicesprovidedtoyou,whenpaymentwillbemadeandhowthepaymentwillbecalculated.

LICENSE HOLDER CONTACT INFORMATION: Thisnoticeisbeingprovidedforinformationpurposes.Itdoesnotcreateanobligationforyoutousethebroker’sservices.Pleaseacknowledgereceiptofthisnoticebelowandretainacopyforyourrecords.

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov

Information About Brokerage Services

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