EXCLUSIVE OFFERING $4,413, % CAP SPRINT & BRIDENT DENTAL

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1 EXCLUSIVE OFFERING $4,413, % CAP BOB MOORHEAD JOE CAPUTO RUSSELL SMITH property. 7,200+ SF building on acre site. tenant mix. Sprint: one of the largest carriers in the U.S. 38,000+ employees and 2013 revenue of $16.89 billion. Brident Dental: 26 office locations across Texas with over 1,000 team members, affiliated with network of 190+ office locations & 4,000 team members. lease structure. Sprint is on a 10 year lease with (2) 5 year options with 10% rent increases every 5 years in base term and in options. Brident Dental is on a 10 year lease with 10% rent increases every 5 years in base term and option periods. location. Sprint and Brident Dental are ideally positioned along Lake June Rd, less than 0.25-mile west of I-635 (102,075 Cars / Day). Lake June Rd is a key east-west thoroughfare in the Balch Springs region while I-635 is the inner loop around the Dallas Metroplex, serving a variety of neighboring cities and suburbs. The subject property is within close proximity to major credit tenants such as Walmart, Dollar Tree, Sally Beauty Supply, Payless Shoe Source, RadioShack, Dollar General, Dollar Tree, Subway, McDonald s, 7-Eleven, Taco Cabana, Whataburger, Panda Express, Jack in the Box, Wendy s, Pizza Patron, Carl s Jr, Chase Bank, Bank of America, and many others. The population within a 5-mile radius of the subject property is projected to grow by 7.96% over the next 5-year period ending in Balch Springs is located just 15-minutes southeast of downtown Dallas.

2 Table of contents Disclaimer PAGE 1: PAGE 2: PAGE 3: PAGE 4: PAGE 5-6: PAGE 7: PAGE 8: PAGE 9: PAGE 10-11: PAGE 12: COVER TABLE OF CONTENTS DISCLAIMER INVESTMENT LEASE TENANT OVERVIEW RENT ROLL AERIAL PHOTOS SITE PLAN SITE RENDERING LOCATION OVERVIEW LOCATION MAPS DEMOGRAPHICS CONSTRUCTION PROGRESS Disclaimer EXP Realty Advisors, Inc. ( Agent ) has been engaged as an agent for the sale of the property located at Lake June Rd, Balch Springs, TX by the owner of the Property ( Seller ). The Property is being offered for sale in an as-is, where-is condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller 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 recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller s obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller and Agent. 2

3 TENANT OVERVIEW PRICE: $4,413,000 CAP RATE: 6.00% NET OPERATING INCOME: $264,800 BUILDING AREA: LAND AREA: 7,200+ Square Feet Acres YEAR BUILT: 2015 OCCUPANCY: 100% Tenant overview BRIDENT DENTAL SERVICES Brident Dental Centers offer general dentistry, cosmetic dentistry, and orthodontics at over 26 office locations across Texas with over 1,000 team members. In addition, Brident Dental Services is affiliated with a dental and oral health maintenance organization that provides dental services in over 190 office locations with over 4,000 team members. The company opened its first location in Texas in March Products and services include periodontics, endodontics, lumineers, implants, Invasalign, and Zoom Whitening. PREMIER DENTAL HOLDINGS Lease is guaranteed by Premier Dental Holdings, Inc. Premier is one of the largest dental services organizations (DSOs) in the United States. With approximately 190+ dental offices in California, Arizona, Nevada and Texas, the Company and its affiliates provide care or management services to approximately 625,000 patients with over 2.2 million patient visits annually. SPRINT SPECTRUM, L.P. Sprint Corporation, incorporated on May 10, 2012, offers a range of wireless and wireline communications services to consumers, businesses and government users. On July 10, 2013, the Company, SoftBank Corp. and Sprint Nextel Corporation (Sprint Nextel) completed the merger. In the Merger, Sprint Corporation was merged into Sprint Nextel, New Sprint became the parent company of Sprint Nextel, with Sprint Nextel becoming its direct wholly owned subsidiary, and Sprint Nextel changed its name to Sprint Communications, Inc. The Company develops, engineers and deploys technologies, including the first wireless fourth generation (4G) service from a national carrier in the United States; offering mobile data services, prepaid brands, including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities, and a global Tier 1 Internet Service. The Company also offers unlimited data services. Sprint Communications, Inc. has over 38,000 employees and ended the 2013 fiscal year with $16.89 billion in revenue. 3

4 RENT ROLL Square Projected Lease Term Rent Rent Lease Tenant Feet GLA Begin End Term Begin Monthly PSF Annually PSF Type Options / Notes Sprint Spectrum, L.P., a Delaw are limited partnership 3,200 44% Jul-15 Jul-25 Yr 1-5 Jul-15 $11,067 $3.46 $132,800 $41.50 Yr 6-10 Jul-20 $12,173 $3.80 $146,080 $45.65 Net* Tw o (2) Five (5) Year Options Option 1 Jul-25 $13,392 $4.19 $160,704 $50.22 Option 2 Jul-30 $14,731 $4.60 $176,768 $55.24 Brident Dental Services, a Nevada limited liablity company 4,000 56% Jul-15 Jul-25 Yr 1-5 Jul-15 $11,000 $2.75 $132,000 $33.00 Yr 6-10 Jul-20 $12,100 $3.03 $145,200 $36.30 Option 1 Jul-25 $13,310 $3.33 $159,720 $39.93 Option 2 Jul-30 $14,641 $3.66 $175,692 $43.92 Option 3 Jul-35 $16,105 $4.03 $193,261 $48.32 Option 4 Jul-40 $17,715 $4.43 $212,587 $53.15 Net* Four (4) Five (5) Year Options TOTALS 7, % Current $22,067 $264,800 *Landlord responsibilities include roof, structure, and parking *Tenant reimburses Landlord for taxes, insurance, CAM (based on proportionate share of building) 4

5 Aerial photo Lake June Rd Balch Springs Middle School Floyd Elementary School 5

6 Aerial photo Lake June Rd 6

7 SITE PLAN 7

8 SITE RENDERING 8

9 Location overview IMMEDIATE TRADE AREA Sprint and Brident Dental are ideally positioned along Lake June Rd, less than 0.25-mile west of I-635 (102,075 Cars / Day). Lake June Rd is a key east-west thoroughfare in the Balch Springs region while I-635 is the inner loop around the Dallas Metroplex, serving a variety of neighboring cities and suburbs. The subject property is within close proximity to major credit tenants such as Walmart, Dollar Tree, Sally Beauty Supply, Payless Shoe Source, RadioShack, Dollar General, Dollar Tree, Subway, McDonald s, 7-Eleven, Taco Cabana, Whataburger, Panda Express, Jack in the Box, Wendy s, Pizza Patron, Carl s Jr, Chase Bank, Bank of America, and many others. The population within a 5- mile radius of the subject property is projected to grow by 7.96% over the next 5-year period ending in BALCH SPRINGS / MESQUITE, TX Located just 15 minutes southeast of downtown Dallas, Balch Springs is strategically positioned to capture significant business growth and development. Interstate 20, Interstate 635 and US Highway 175 converge on Balch Springs making the City easily accessible to anywhere in the Dallas-Fort Worth Metroplex or anywhere in the United States. Union Pacific Railroad, with its 360-acre state-of-art intermodal facility, and Mesquite Metro Airport are just minutes away. Balch Springs is also less than a 40 minute drive from Dallas- Fort Worth International and Dallas Love Field Airports. The city and Mesquite, TX share economic commonalities as they are within 3-miles from one another. Mesquite has long been recognized as a major retail area within the Dallas/Fort Worth Metroplex. From the construction of Big Town Mall in 1968, retail space in Mesquite has grown to over 4 million square feet of retail space. More than 6 million square feet of total business space along with 2 restaurant rows offering over 30 restaurants and 42 movie screens have solidified Mesquite s reputation as a retail, restaurant, and entertainment destination. The robust industrial sector in Mesquite provides the local economy with a sound foundation. The Skyline Industrial Park, located 4 miles south of the subject property, is over 300-acres in size and is home to the largest concentration of industries on the east side of the Metroplex. Companies with operations in this complex range in size from small manufacturers employing fewer than 10 people to industrial stalwarts such as United Parcel Service that employ over 2,000 people. Additionally, Union Pacific Railroad operates an intermodal operation within the Skyline Industrial Park which is one of the largest intermodal facilities in the country. The convenience and shipping economies of scale provided by the intermodal suite is an inner ring suburb of Dallas, with a population of 139,824. In order to meet demand for operating space, recent projects have added over 3.5 million square feet of industrial and office space. A 500-acre business park is under development at the intersection of I-20 and the future State Highway 190 / Loop 9 interchange. The Dallas Business Journal named the Skyline Business Park the winner of the Best New Industrial Project The industrial ascendancy of Mesquite is due in large part to its opportune location. The city is served by 5 major highways: I-20, I-30, I-635, State Highway 352, and U.S. Highway 80. DALLAS-FORT WORTH-ARLINGTON MSA The Dallas Fort Worth Arlington Metropolitan Statistical Area encompasses 12 counties within the U.S. state of Texas. It is the economic and cultural hub of the region commonly called North Texas or North Central Texas and is the largest land-locked metropolitan area in the United States. The 2010 U.S. Census has the Dallas-Fort Worth Metroplex at 6,371,773. During the 12-month period from July 2008 to July 2009, the Dallas-Fort Worth- Arlington metropolitan area gained 146,530 new residents, more than any other metropolitan area in the United States. The area's population has grown by about one million since the last census was administered in The Dallas Fort Worth Arlington MSA is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth largest in the Americas. The metropolitan area has the sixth largest gross metropolitan product (GMP) in the United States, and approximately tenth largest by GMP in the world. Dallas and its suburbs have one of the highest concentrations of corporate headquarters in the United States. As such, one of the largest industries in the Metroplex is conducting business. The Metroplex also contains the largest Information Technology industry base in the state (often referred to as Silicon Prairie or the Telecom Corridor), due to the large number of corporate IT projects and the presence of numerous electronics, computing and telecommunication firms such as Texas Instruments, HP Enterprises Services, Dell Services, i2, AT&T, Ericsson, CA and Verizon in and around Dallas. On the other end of the business spectrum, and on the other side of the Metroplex, the Texas farming and ranching industry is based in Fort Worth. Several major defense manufacturers, including Lockheed Martin, Bell Helicopter Textron, and Raytheon, maintain significant operations in the Metroplex. ExxonMobil, the #1 corporation on the Fortune 500 listings, is headquartered in Irving, Texas. 9

10 Location map 10

11 Location map 11

12 Demographics Radius 1 Mile 3 Mile 5 Mile Population: 2019 Projection 12, , , Estimate 11, , , Census 10, , ,980 Growth % 7.81% 7.96% Growth % 5.35% 5.87% Households: 2019 Projection 4,006 35,135 83, Estimate 3,671 32,542 77, Census 3,344 30,771 72,454 Growth % 7.97% 8.15% Growth % 1.78% 2.52% Owner Occupied 1,586 20,830 48,369 Renter Occupied 2,085 11,712 28, Avg Household Income $43,728 $52,792 $54, Med Household Income $34,773 $42,236 $41, Households by Household Inc: <$25,000 1,223 9,017 21,366 $25,000 - $50,000 1,442 10,197 23,656 $50,000 - $75, ,214 13,747 $75,000 - $100, ,678 8,728 $100,000 - $125, ,833 4,887 $125,000 - $150, ,069 $150,000 - $200, ,785 $200, TOWN EAST MALL, MESQUITE, TX DOWNTOWN DALLAS, TX 12

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