CANYON FIELD PLAZA...Richmond areas with Houston) • Surrounded by many award-winning master planned communities including Cinco Ranch, Cross Creek Ranch, Westheimer Lakes, Talavera,

• Lake front retail center with floor-to-ceiling glass windows

• Excellent visibility from both directions of Westpark Tollway (main corridor connecting Cinco Ranch, Fulshear, North Richmond areas with Houston)

• Surrounded by many award-winning master planned communities including Cinco Ranch, Cross Creek Ranch, Westheimer Lakes, Talavera, etc.

• Located in a high-income suburban area with very strong growth

• Situated within 0.5 mile radius from Kroger, HEB, Walmart Supercenter, Xscape theater, Academy, Lowes and other major traffic drivers.

The information contained herein was obtained from sources deemed reliable; however, RESOLUT RE makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. RESOLUT RE, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited Liability Company.

CANYON FIELD PLAZAFOR SALE: Stabilized NNN Multi-Tenant Center

CANYON FIELD PLAZA: 15014 Lakefair Dr

Richmond, TX 77406

Price $2,670,000

Capitalization Rate 7.25%

GLA 8,168 SF

Land 0.6925 AC

INVESTMENT HIGHLIGHTS

AREA TRAFFIC GENERATORS

BENNY NGUYEN, PEVice President713.548.7373 | [email protected]

FOR MORE INFORMATION:


FOR SALE: Stabilized NNN | Multi -Tenant Center | 15014 Lakefair Dr Richmond, TX 77406

CA N YO N F I E L D P L A Z A

Please note that the use of this Offering Memorandum and the Information (“Information”) provided is subject to the terms, provisions and limitations of the confidentiality agreement which we have provided to you (“Buyer”) and requested an executed copy.

Brokerage Relationships: By taking possession of and reviewing the information contained herein, Buyer acknowledges that the Listing Team of RESOLUT RE (“Brokers”) are acting as Seller’s Agent in the disposition assignment for the property. Buyer acknowledges receipt of the form entitled Information About Brokerage Services.

Non-disclosure of Information: By taking possession of and reviewing the Information contained herein, Buyer agrees not to disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or the Property owner (“Owner”) to any other person or entity except as permitted herein. Buyer shall take all appropriate precautions to limit the dissemination of the Information only to those persons within the firm who need to know the Information. The phrase “within the firm” shall be deemed to include outside attorneys, accountants and investors.

Disclaimer and Waiver: By taking possession of and reviewing the Information contained herein, Buyer understands and acknowledges that neither Brokers nor Owner make any representations or warranty, expressed or implied, as to the accuracy or completeness of any Information provided. Neither the Broker or the Owner shall have any liability whatsoever for the accuracy or completeness of the Information contained herein or any other written or oral communication or Information transmitted or made available or any action taken or decision made by the Buyer with respect to the Property. Buyer understands and acknowledges that they should make their own investigations, projections and conclusions without reliance upon the Information contained herein. Buyer assumes full and complete responsibility for confirmation and verification of all information received and expressly waives all rights of recourse against Owner, Brokers and RESOLUT RE.

Confidential Memorandum and Disclaimer


CA N YO N F I E L D P L A Z AFOR SALE: Stabilized NNN | Multi -Tenant Center | 15014 Lakefair Dr Richmond, TX 77406

INVESTMENT PROPERTY

Price $2,670,000

Capitalization Rate 7.25%

Terms Cash to Seller

PROPERTY INFORMATION

Property Address 15014 Lakefair Drive Richmond, TX 77406

Location SW quadrant of FM 1093 and Canyon Fields Dr/Cinco Rose Dr

County Fort Bend

Ownership Entity Canyon Field Plaza, LLC

Gross Leasable Area 8,186 SF

Lot Size 30,166 SF / 0.6925 Acres

Parking Lot 40 space (approx. 5 per 1,000)

Lease Type NNN

Year Built 2016

Number of Tenants 3

Occupancy 100%

Signage One monument sign as well as tenant signage on both front and back fascia.

Monument sign is on public land with long-term ground lease agreement.

• Lake front retail center with floor-to-ceiling glass windows.

• Excellent visibility from both directions of Westpark Tollway (main corridor

connecting Cinco Ranch, Fulshear, North Richmond areas with Houston)

• Monument sign is located at entrance to Westheimer Lakes community and is

secured with a long-term agreement

• Surrounded by many award-winning master planned communities including

Cinco Ranch, Cross Creek Ranch, Westheimer Lakes, Talavera, etc.

• Average household income is approx. $145K in 1,3, and 5-mile radius of the

property

• Located in a suburban area with very strong growth

• Situated within 0.5 mile from Kroger, HEB, Walmart Supercenter, Xscape theater,

Academy, Lowes and other major traffic drivers.

INVESTMENT HIGHLIGHTS

INCOME & EXPENSE

Base Rent $192,941

NNN Recoveries $64,037

Miscellaneous Income -

Total Rent $256,978

Reimbursable Operating Expenses $63,380

Net Operating Income $193,598

REIMBURSABLE OPERATING EXPENSES*

Repairs & Maintenance $920.00

Property Tax $32,448.00

Insurance $6,425.57

Utilities $3,558.41

Management $7,200.00

Landscaping $8,930.68

Property POA $1,200.00

Yearly Signage Fee $500.00

Property Tax Protest $2,197.02

Total *Based on 2019 actual expenses $63,379.68









Site Plan Aerial



• A chain of gyms, offers customers workouts at their convenience. The clubs are open 24 hours a day. Members can exercise even when a club is not staffed thanks to proprietary access software, security and surveillance technology. This Anytime Fitness location has been open at the center since 2016.

• Website: www.anytimefitness.com• Founded in 2002 -Cambridge, Minnesota• The company has:

• Pure 1 Hair Studio is an upscale African American hair salon that provides full range of African American hair services including extensions, weaves, cuts, styles, colors, braiding, etc.

• Pure 1 started in January 2007 in Crystal, Minnesota.• In 2017, the owners of the concept moved to Richmond, Texas and also moved the business with them. • After 2 years operating inside a salon suite nearby, Pure 1 moved to this location to accomodate their

expanding client base. • Website: hairstudiorichmond.com

• Hammam Spa is a luxury full-service spa concept with 2 locations. The concept is known for its Moroccan style steam shower/bath and for using all natural ingredients, oils, soaps, and lotions.

• This location is Hammam Spa’s second location. The concept’s first location is on Westheimer Road, two miles west of The Galleria in Houston, Texas and has been in business for over 6 years.

• Website: thehammamspa.com

• 4,200 gym locations and 3 million clients in more than 32 countries

Tenant Profiles



Regional Map



Aerial Map



Intersection Aerial



Retail Aerial

The information contained herein was obtained from sources deemed reliable; however, RESOLUT RE makes no guaranties, warranties or representations to the completeness or accuracy

thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. RESOLUT RE, which provides real

estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited Liability Company.


Demographics



Houston: Key FactsSize At 655 square miles, the City of Houston could contain the cities of New York, Washington, Boston, San Francisco, Seattle, Minneapolis and Miami.

Population/Demography Houston, with 2.3 million residents, is the fourth most populous city in the United States, trailing only New York, Los Angeles and Chicago. The city is the largest in the South and the Southwest.

Houston is the nation’s demographic future. In racial and ethnic composition, the Houston of today very much resembles the U.S. 40 years hence.

37.3% Anglo, 36.5% Hispanic, 16.9% African American, 7.5% Asian/Other, 1.8% Other

Business/ValueHouston ranks first among U.S. cities where paychecks stretch the furthest, according to Forbes.

Houston is home to the second largest concentration of Fortune 1000 companies in the country (49) behind New York (72).

Overall CultureGQ Magazine deemed Houston the “New Capital of Southern Cool” (2018).

Thrillist ranked Houston among “The 7 Most Impressive American Cities of 2017” for its diverse population, affordability and strong economy (2018).

WalletHub ranked Houston among 2018’s Most Fun Cities in America (2018).

International Connections More than 3.5 million foreign travelers came to Houston in 2017, the most recent year for which data exists. The vast majority of those travelers came from Mexico.

Bush Intercontinental Airport offers non-stop service to more than 70 international destinations.

Hobby Airport completed construction on an International Terminal in 2015 and began service to Mexico and Latin America through Southwest Airlines. It now serves more than 55 destinations.

The Texas Medical Center sees an annual average of 16,000 International patient visits.

Conventions and Major EventsWith more than 4.4 million square feet of convention space, metro Houston ranks at the top of American cities when comparing convention venues.

Source: https://www.visithoustontexas.com/about-houston/facts-and-figures/



Benny Nguyen, PE | Vice [email protected]

Benny Nguyen joined RESOLUT RE in 2016 and quickly gained the company’s recognition by earning the distinction of Team Player of the Year in both 2017 and 2018, and for being a consistent producing agent. He also received a 2018 Power Broker Award from Costar and named a 2019 Heavy Hitter by Houston Business Journal. He is commonly praised by his clients for his persistence, diligent follow-up, abundant energy and market expertise. He possesses a balance of both innate deal-making skills and attention to detail.

Benny’s primary areas of focus are representing buyers and sellers of investment properties, land acquisition/disposition, land development, project leasing and buyer/tenant representation. Some of his current buyer/tenant clients include Dog Haus, Tin Drum Asian Kitchen, DRNK Coffee + Tea, Qwench Juice Bar, Longmi Lashes, Little Land Play Gym & Pediatric Therapy, and Sharkey’s Cuts for Kids.

Prior to focusing exclusively on retail brokerage, Benny was a real estate developer and a land development engineer, where he played important roles in real estate projects, such as Cross Creek Ranch development in Fulshear, Texas; Woodridge Forest development in Porter, Texas; Woodson’s Reserve development in Spring, Texas; and Canyon Field Plaza in Richmond, Texas.

Benny received a Bachelor of Science degree and a Master of Engineering degree in civil engineering from Texas A&M University. He also earned a Master of Business Administration degree from the University of Houston – Victoria. He is a Texas licensed Professional Engineer, as well as a Texas licensed real estate agent. He is also a member of the International Council of Shopping Centers (ICSC) and the Certified Commercial Investment Member (CCIM).

Listing Agent

CANYON FIELD PLAZAFOR SALE: Stabilized NNN Multi-Tenant Center

CANYON FIELD PLAZA: 15014 Lakefair Dr

Richmond, TX 77406

AUSTIN 7320 N Mopac Expressway Suite 101Austin, Texas 78731

DALLAS5151 Belt Line RdSuite 620Dallas, Texas 75254

HOUSTON9432 Katy FreewaySuite 300Houston, Texas 77055

MCALLEN200 S 10th StreetSuite 805McAllen, Texas 78501

MIDLAND4607 Pine Meadow DriveSuite 2Midland, Texas 79705

LOUISIANA600 Jefferson StreetSuite 913Lafayette, Louisiana 70501

EL PASO6006 North Mesa St.,Suite 510El Paso, Texas 79912

ALBUQUERQUE2155 Louisiana Blvd N.E.Suite 7200Albuquerque, NM 87110

BENNY NGUYEN, PEVice PresidentOffice 281.445.0033Direct 713.548.7373 [email protected]

CONTACT US

FOR MORE INFORMATIONPLEASE VISIT:resolutre.com

11-2-2015

Information About Brokerage Services IEQUAL HOUSING OPPORTUNITY

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 first 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 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:

o that the owner will accept a price less than the written asking price; o that the buyer/tenant will pay a price greater than the price submitted in a written offer; and o 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.

Reliance Retail LLC OR Texas RS LLC dba "Retail Solutions" 603091 OR 9003193 [email protected] 512-474-5557Licensed Broker /Broker Firm Name or License No. Email Phone Primary Assumed Business Name

David J. Simmonds OR David Russell Burggraaf 459263 OR 518156 [email protected] 512-4 7 4-5557Designated Broker of Firm License No. Email Phone

David J. Simmonds OR David Russell Burggraaf 459263 OR 518156 [email protected] 512-47 4-5557Licen�ed Supervisor of Sales Agent/ License No. Email Phone Associate

Sales Agent/ Associate's Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov IABS 1-0

Documents

CANYON FIELD PLAZA...Richmond areas with Houston) • Surrounded by many award-winning master planned communities including Cinco Ranch, Cross Creek Ranch, Westheimer Lakes, Talavera,