JONESTOWN, TX(AUSTIN MSA)

JONESTOWN CENTER

2F INANCIAL ANALYSIS

JONESTOWN CENTERPRICING & FINANCIAL ANALYSIS

Jonestown Center18601 FM 1431Jonestown, Texas 78645

OFFERING SUMMARY

Price $795,000

Price PSF $122.31

Occupancy 17%

Year Built 2006

Gross Leasable Area 6,500 SF

Lot Size 0.93 Acres

3PROPERTY DESCRIPTION

JONESTOWN CENTERINVESTMENT HIGHLIGHTS

• Perfect Value Add Opportunity: Priced Well Below Original Construction Cost. Market Rents in the Trade Area Exceed $15/SF NNN

• Great Visibility: Over 16,000 Vehicles Per Day travel on FM 1431 with Easy Ingress and Egress Access to the Property. The Property Benefits from Through Traffic as FM 1431 is the Main Thoroughfare to Lago Vista and Marble Falls from the Greater Austin Area

• Above Average Income: The Average Household Income in a 1 Mile Radius of the Property is Over $40k More than the National Average

• Growing Area: Population in a 3 Mile Radius is Projected to Grow by Another 7% in the Next 5 Years

• New Construction: The Property was built in 2006

• Strong Location: One Mile to Lake Travis, Less than Five Miles to Lago Vista, Five Miles to Cedar Park and 25 Miles from the Center of Austin

• Repositioning Opportunity/Under Market Rents: There is Currently One Short-Term Lease Paying $1000/Month Gross Extending to 11/30/2018. This Allows the New Landlord Flexibility to Lease Up the Property at Market Rates.

• Five Units: Three Finished Out, Two Ready for Build Out

4PROPERTY DESCRIPTION

JONESTOWN CENTERSITE PLAN

5PROPERTY DESCRIPTION

JONESTOWN CENTERAERIAL MAP

WestsideElementary School

FaubionElementary School

MasonElementary School

KnowlesElementary School

GiddensElementary School

Leander High School

6PROPERTY DESCRIPTION

JONESTOWN CENTERAERIAL MAP

7PROPERTY DESCRIPTION

JONESTOWN CENTERLOCAL MAP

8PROPERTY DESCRIPTION

JONESTOWN CENTERREGIONAL MAP

9PROPERTY DESCRIPTION

JONESTOWN CENTERMARKET SUMMARY

Austin, TX

O V E R V I E WAustin, Texas is the capital of Texas and the seat of Travis County. Located in Central Texas, Austin is the 11th-most populous city in the United States and the fourth-most populous city in Texas. It was the third-fastest-growing large city in the nation from 2000 to 2006. Austin is also the second largest state capital in the United States. Austin had a July 1, 2013 population of 885,400 (U.S. Census Bureau estimate). The city is the cultural and economic center of the Austin–Round Rock metropolitan area, which had an estimated population of 1,883,051 as of July 1, 2013.

Austin is considered to be a major center for high tech. The region’s rapid growth has led Forbes to rank the Austin metropolitan area #1 among all big cities for jobs for 2012 in their annual survey. The Wall Street Journal Marketwatch ranked the area Number One for growing businesses. By 2013, Austin ranked No. 14 on Forbes’ list of the Best Places for Business and Careers (directly below Dallas, No. 13 on the list). As a result of the

high concentration of high-tech companies in the region, Austin was strongly affected by the dot-com boom in the late 1990s and subsequent bust.

Austin’s largest employers include the Austin Independent School District, the City of Austin, Dell, the U.S. Federal Government, Freescale Semiconductor (spun off from Motorola in 2004), IBM, St. David’s Healthcare Partnership, Seton Family of Hospitals, the State of Texas, the Texas State University, and the University of Texas at Austin. Other high-tech companies with operations in Austin include 3M, Apple, Hewlett-Packard, Google, Qualcomm, Inc., AMD, Applied Materials, Cirrus Logic, ARM Holdings, Cisco Systems, Electronic Arts, Flextronics, Facebook, eBay/PayPal, Bioware, Blizzard Entertainment, Hoover’s, Intel Corporation, National Instruments, Rackspace, RetailMeNot, Rooster Teeth, Spansion, Buffalo Technology, Silicon Laboratories, Xerox, Oracle, Hostgator, Samsung Group, HomeAway, and United Devices.

10PROPERTY DESCRIPTION

JONESTOWN CENTERDEMOGRAPHIC STATISTICS

3 MILE 5 MILE 10 MILE

Population:2023 Projection 5,089 47,502 312,0372018 Estimate 4,725 41,715 271,4582010 Census 4,659 34,582 215,867Growth 2018-2023 7.70% 13.87% 14.95%Growth 2010-2018 1.42% 20.63% 25.75%2018 Population Hispanic Origin 602 6,594 48,172

2018 Population by Race:White 4,394 36,461 226,998Black 53 1,524 11,185Am. Indian & Alaskan 34 290 1,933Asian 120 2,227 23,299Hawaiian & Pacific Island 7 55 343Other 117 1,157 7,700U.S. Armed Forces: 2 34 533

Households:2023 Projection 2,004 16,347 115,4622018 Estimate 1,862 14,421 100,8562010 Census 1,839 12,073 81,247Growth 2018 - 2023 7.63% 13.36% 14.48%Growth 2010 - 2018 1.25% 19.45% 24.14%Owner Occupied 1,561 12,073 69,358Renter Occupied 301 2,348 31,499

2018 Avg Household Income (National Avg - $75,558) $113,594 $124,568 $117,303 2018 Med Household Income (National Avg - $53,889) $75,870 $103,743 $93,521 2018 Households by Household Inc:

<$25,000 232 992 7,402$25,000 - $50,000 393 1,777 15,302$50,000 - $75,000 300 2,260 18,029$75,000 - $100,000 158 1,866 13,086$100,000 - $125,000 174 2,117 13,051$125,000 - $150,000 95 1,367 9,257$150,000 - $200,000 221 2,019 11,368$200,000+ 288 2,026 13,361

Demographic data © CoStar 2018

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 STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. 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 STRIVE.

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. STRIVE 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, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE 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 STRIVE AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

STRIVE hereby advises all prospective purchasers of commercial 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 commercial property.

Commercial Disclaimer

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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469.844.8880 | STRIVERE.COM

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