fossil creek plaza - images1.loopnet.com€¦ · fort worth, tx fossil creek plaza not a part not a...

FORT WORTH, TX

FOSSIL CREEK PLAZA

NOT A PART

NOT A PART

NOT A PART

http://www.strivere.com

2F INANCIAL ANALYSIS

FOSSIL CREEK PLAZAPRICING & FINANCIAL ANALYSIS

OFFERING SUMMARYPrice $12,800,000

Cap Rate 7.55%

Net Operating Income $967,002

Price PSF $186.88

Occupancy 91.0%

Year Built 1989

Gross Leasable Area 68,492 SF

Lot Size 4.80 Acres

Fossil Creek Plaza 4386 Western Center BlvdFort Worth, TX 76137



FOSSIL CREEK PLAZAPRICING & FINANCIAL ANALYSIS

PROJECTED INCOME & EXPENSES CURRENT PSF

Base Rent - Occupied Space 91.0% $1,088,180 $15.89

GROSS POTENTIAL RENT $1,088,180 $15.89

Expense Reimbursements

CAM Recoveries $259,554 $3.79

Management Fee Recoveries $36,743 $0.54

Insurance Recoveries $15,470 $0.23

Real Estate Tax Recoveries $208,837 $3.05

Total Expense Reimbursements $520,603 $7.60

EFFECTIVE GROSS REVENUE $1,608,780 $23.49

Operating Expenses

Total CAM $266,674 $3.89

Management Fee $70,165 $1.02

Total Insurance $16,086 $0.23

Total Real Estate Taxes $288,853 $4.22

Total Recoverable Expenses $641,778 $9.37

Net Operating Income $967,002 $14.12

EXPENSES CURRENT PSF

Real Estate Taxes

Property Taxes $285,072 $4.16

Property Tax Consulting $3,781 $0.06

Total Real Estate Taxes $288,853 $4.22

Insurance $16,086 $0.23

CAM

Janitorial Contract $11,230 $0.16

Lighting & Electrical $6,621 $0.10

Roof Repair $6,360 $0.09

HVAC $3,515 $0.05

Plumbing Repairs $5,656 $0.08

General Building Maintenance $36,993 $0.54

Trash Removal $34,835 $0.51

Landscaping Contract $12,698 $0.19

Landscape Repairs $18,989 $0.28

Pest Control $1,987 $0.03

Security $36,405 $0.53

Association Fees (HOA) $9,685 $0.14

Electricity (CAM) $25,524 $0.37

Water & Sewer (CAM) $51,511 $0.75

Storm Water (CAM) $4,666 $0.07

Total CAM $266,674 $3.89

Management Fee 4.4% $70,165 $1.02

Total Expenses $641,778 $9.37


4PROPERTY DESCRIPTION

FOSSIL CREEK PLAZALOAN DETAILS

EXISTING ASSUMABLE LOAN

Purchase Price $12,800,000

Loan Amount (estimated Balance 9/2019) $7,497,412

Equity to the Note $5,302,588

Loan to Purchase Price 59%

Interest Rate 4.80%

Amortization Schedule 30 Years

Loan Constant 6.30%

Call 10 Years

Residual Percentage 80.85%

NOI $967,002

Annual Debt Service $503,679

Clear Cash after DS $463,323

Debt Service Coverage Ratio 1.92

Cap Rate 7.55%

Cash on Cash Return 8.74%

Loan Origination date (1st Payment) 11/6/2015

Call Date 10/6/2025



FOSSIL CREEK PLAZARENT ROLL

Tenant Suite SQ FT % of SQFT Lease Dates Minimum Rent Recoveries Total

Start End Annual Monthly PSF Annual PSF Revenue% of

Revenue

Starlite Media - 0 0.00% 01/04 - $3,050 $254 $0.00 $0 $0.00 $3,050 0.19%

Alphagraphics 1 4,800 7.01% 11/07 10/22 $84,000 $7,000 $17.50 $0 $0.00 $84,000 5.22%

Liquor Outpost 2 4,158 6.07% 03/17 05/24 $79,002 $6,584 $19.00 $40,843 $9.82 $119,845 7.45%

Available 3 4,482 6.54% - - $0 $0 $0.00 $0 $0.00 $0 0.00%

Skillman Wok 4 1,875 2.74% 04/97 06/20 $33,765 $2,814 $18.01 $18,418 $9.82 $52,183 3.24%

Los Molcajetes 5 4,834 7.06% 03/99 02/20 $89,798 $7,483 $18.58 $47,483 $9.82 $137,282 8.53%

Its Fashion 6 3,977 5.81% 01/05 01/20 $47,724 $3,977 $12.00 $33,747 $8.49 $81,471 5.06%

Available 7 1,685 2.46% - - $0 $0 $0.00 $0 $0.00 $0 0.00%

Family Dollar 11 9,990 14.59% 12/05 12/20 $100,699 $8,392 $10.08 $32,316 $3.23 $133,015 8.27%

Automation Personnel 12 2,980 4.35% 09/13 09/23 $58,289 $4,857 $19.56 $29,272 $9.82 $87,561 5.44%

Automation Personnel 13 2,100 3.07% 06/06 09/23 $43,747 $3,646 $20.83 $20,628 $9.82 $64,375 4.00%

Chun & Jl 14-15 2,630 3.84% 07/11 10/21 $48,856 $4,071 $18.58 $25,834 $9.82 $74,690 4.64%

Karam Dhillon 16 1,400 2.04% 12/18 03/22 $25,200 $2,100 $18.00 $13,752 $9.82 $38,952 2.42%

Grace Tailor 17 1,400 2.04% 01/13 04/20 $21,630 $1,803 $15.45 $13,752 $9.82 $35,382 2.20%

Post & Parcel 18 1,750 2.56% 06/00 04/23 $31,580 $2,632 $18.05 $17,190 $9.82 $48,770 3.03%

Happy Nails 19 1,120 1.64% 03/99 02/23 $19,011 $1,584 $16.97 $11,002 $9.82 $30,013 1.87%

Vapor Salon 20 1,120 1.64% 02/14 02/21 $22,404 $1,867 $20.00 $11,002 $9.82 $33,406 2.08%

Wild Sushi 21 1,960 2.86% 06/08 06/23 $36,338 $3,028 $18.54 $19,253 $9.82 $55,591 3.46%

GNC# 2400 22 1,050 1.53% 10/93 10/21 $18,900 $1,575 $18.00 $10,314 $9.82 $29,214 1.82%

Boopa's Bagel Deli 23 2,100 3.07% 06/06 05/21 $52,658 $4,388 $25.08 $20,628 $9.82 $73,286 4.56%

SuperCuts Salon 24 1,190 1.74% 11/89 11/19 $23,929 $1,994 $20.11 $11,689 $9.82 $35,618 2.21%

Pizza Hut 25 1,400 2.04% 12/15 12/20 $22,050 $1,838 $15.75 $12,658 $9.04 $34,708 2.16%

H&R Block 26 2,061 3.01% 05/08 04/20 $36,576 $3,048 $17.75 $14,688 $7.13 $51,264 3.19%



FOSSIL CREEK PLAZARENT ROLL , CONT.

Tenant Suite SQ FT % of SQFT Lease Dates Minimum Rent Recoveries Total

Start End Annual Monthly PSF Annual PSF Revenue% of

Revenue

Starbucks 27 2,240 3.27% 05/01 05/21 $61,600 $5,133 $27.50 $19,046 $8.50 $80,646 5.01%

Lisa Lisa 28 1,190 1.74% 01/15 02/20 $21,420 $1,785 $18.00 $11,689 $9.82 $33,109 2.06%

Stop N Go Gyro 29 1,190 1.74% 04/19 03/24 $22,610 $1,884 $19.00 $9,817 $8.25 $32,427 2.02%

Verizon 32 2,200 3.21% 06/18 06/23 $48,400 $4,033 $22.00 $17,945 $8.16 $66,345 4.12%

Subway 25-A 1,610 2.35% 10/10 11/20 $34,944 $2,912 $21.70 $15,815 $9.82 $50,759 3.16%

Albertsons NAP-1 0 0.00% - - $0 $0 $0.00 $25,665 $0.00 $25,665 1.60%

McDonald's NAP-2 0 0.00% - - $0 $0 $0.00 $9,874 $0.00 $9,874 0.61%

Kwik Car NAP-3 0 0.00% - - $0 $0 $0.00 $6,285 $0.00 $6,285 0.39%

Total Count/GLA 31 68,492 100% Totals $1,088,180 $90,682 $520,603 $1,608,783 100.00%

Occupied 29 62,325 91.0%

Available 2 6,167 9.0%

Total Avg Rent $17.46 62,325 100.0%



FOSSIL CREEK PLAZAESTIMATED REIMBURSEMENT REVENUE

Tenant Suite SQ FT % of SQFT CAM Management Fee Insurance Real Estate Taxes Total Recovery

Monthly PSF Monthly PSF Monthly PSF Monthly PSF Monthly PSF

Starlite Media - 0 0.00% $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00

Alphagraphics 1 4,800 7.01% $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00

Liquor Outpost 2 4,158 6.07% $1,457 $4.21 $355 $1.02 $81 $0.23 $1,510 $4.36 $3,404 $9.82

Available 3 4,482 6.54% $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00

Skillman Wok 4 1,875 2.74% $657 $4.21 $160 $1.02 $37 $0.23 $681 $4.36 $1,535 $9.82

Los Molcajetes 5 4,834 7.06% $1,694 $4.21 $413 $1.02 $95 $0.23 $1,755 $4.36 $3,957 $9.82

Its Fashion 6 3,977 5.81% $1,290 $3.89 $0 $0.00 $78 $0.23 $1,444 $4.36 $2,812 $8.49

Available 7 1,685 2.46% $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00 $0 $0.00

Family Dollar 11 9,990 14.59% $2,175 $2.61 $0 $0.00 $359 $0.43 $159 $0.19 $2,693 $3.23

Automation Personnel 12 2,980 4.35% $1,045 $4.21 $254 $1.02 $58 $0.23 $1,082 $4.36 $2,439 $9.82

Automation Personnel 13 2,100 3.07% $736 $4.21 $179 $1.02 $41 $0.23 $763 $4.36 $1,719 $9.82

Chun & Jl 14-15 2,630 3.84% $922 $4.21 $225 $1.02 $51 $0.23 $955 $4.36 $2,153 $9.82

Karam Dhillon 16 1,400 2.04% $491 $4.21 $120 $1.02 $27 $0.23 $508 $4.36 $1,146 $9.82

Grace Tailor 17 1,400 2.04% $491 $4.21 $120 $1.02 $27 $0.23 $508 $4.36 $1,146 $9.82

Post & Parcel 18 1,750 2.56% $613 $4.21 $149 $1.02 $34 $0.23 $635 $4.36 $1,432 $9.82

Happy Nails 19 1,120 1.64% $393 $4.21 $96 $1.02 $22 $0.23 $407 $4.36 $917 $9.82

Vapor Salon 20 1,120 1.64% $393 $4.21 $96 $1.02 $22 $0.23 $407 $4.36 $917 $9.82

Wild Sushi 21 1,960 2.86% $687 $4.21 $167 $1.02 $38 $0.23 $712 $4.36 $1,604 $9.82

GNC# 2400 22 1,050 1.53% $368 $4.21 $90 $1.02 $21 $0.23 $381 $4.36 $859 $9.82

Boopa's Bagel Deli 23 2,100 3.07% $736 $4.21 $179 $1.02 $41 $0.23 $763 $4.36 $1,719 $9.82

SuperCuts Salon 24 1,190 1.74% $417 $4.21 $102 $1.02 $23 $0.23 $432 $4.36 $974 $9.82

Pizza Hut 25 1,400 2.04% $416 $3.56 $120 $1.02 $27 $0.23 $492 $4.22 $1,055 $9.04

H&R Block 26 2,061 3.01% $435 $2.53 $0 $0.00 $40 $0.23 $748 $4.36 $1,224 $7.13



FOSSIL CREEK PLAZAESTIMATED REIMBURSEMENT REVENUE

Tenant Suite SQ FT % of SQFT CAM Management Fee Insurance Real Estate Taxes Total Recovery

Monthly PSF Monthly PSF Monthly PSF Monthly PSF Monthly PSF

Starbucks 27 2,240 3.27% $730 $3.91 $0 $0.00 $44 $0.23 $813 $4.36 $1,587 $8.50

Lisa Lisa 28 1,190 1.74% $417 $4.21 $102 $1.02 $23 $0.23 $432 $4.36 $974 $9.82

Stop N Go Gyro 29 1,190 1.74% $363 $3.66 $0 $0.00 $23 $0.23 $432 $4.36 $818 $8.25

Verizon 32 2,200 3.21% $654 $3.56 $0 $0.00 $43 $0.23 $799 $4.36 $1,495 $8.16

Subway 25-A 1,610 2.35% $564 $4.21 $137 $1.02 $32 $0.23 $585 $4.36 $1,318 $9.82

Albertsons NAP-1 0 0.00% $2,139 $2,138.78 $0 $0.00 $0 $0.00 $0 $0.00 $2,138.78 $0.00

McDonald's NAP-2 0 0.00% $823 $822.82 $0 $0.00 $0 $0.00 $0 $0.00 $822.82 $0.00

Kwik Car NAP-3 0 0.00% $524 $523.71 $0 $0.00 $0 $0.00 $0 $0.00 $523.71 $0.00

TOTALS 68,492 100% $21,629 $3,062 $1,289 $17,403 $43,384

, CONT.



FOSSIL CREEK PLAZALEASE PROVISIONS

Tenant Suite SQ FTBase Rental Increases

Renewal Options CAM CapCAM Cap

DescriptionUser Restrictions & Exclusive Rights

Sales Reporting

Date PSF Options Date PSF

Starlite Media - 0 - - - - - - - - -

Alphagraphics 1 4,800 - - - - - - - No No

Liquor Outpost 2 4,158

3/1/2020 3/1/2021 3/1/2022 3/1/2023

$19.50 $20.00 $20.50 $21.00

1 x 5 3/1/2024 Market - - - Yes

Available 3 4,482 - - - - - - - - -

Skillman Wok 4 1,875 - - - - - - - No Yes

Los Molcajetes 5 4,834 - - 1 x 5 3/1/2020

Market w/ 3% annual bumps after

- - No No

Its Fashion 6 3,977 - - 1 x 5 2/1/2020 $12.75 - -exclusive right to to sell moderately

priced womans apparel Yes

Available 7 1,685 - - - - - - - - -

Family Dollar 11 9,990 - - - - - - - - Yes

Automation Personnel 12 2,980

10/1/2019 10/1/2020 10/1/2021 10/1/2022

$20.69 $21.31 $21.94 $22.61

1 x 5 10/1/2023

$23.28 w/ 3% Annual bumps

- - No No

Automation Personnel 13 2,100

10/1/2019 10/1/2020 10/1/2021 10/1/2022

$20.69 $21.31 $21.94 $22.61

1 x 5 10/1/2023


- - No No

Chun & Jl 14-15 2,630 11/1/2019 11/1/2020

$19.13 $19.71

- - - - -Sale of beauty supply and related

productsYes

Karam Dhillon 16 1,400 4/1/2021

$19.00 1 x 3 4/1/2023 $19.57 - - No Yes

Grace Tailor 17 1,400 - - - - - - -Exclusive right to operate dry cleaner and tailor/alterations

serviceYes



FOSSIL CREEK PLAZALEASE PROVISIONS, CONT.




Sales Reporting


Post & Parcel 18 1,750 5/1/2020 5/1/2021 5/1/2022

$23.23 $23.93 $24.65

- - - - -Exclusive right to operate business as commercial UPS Agent, US Mail

Substation, and mailbox rentalsNo

Happy Nails 19 1,120 3/1/2020 3/1/2021 3/1/2022

$17.48 $18.01 $18.55

- - - - - - Yes

Vapor Salon 20 1,120 - - 1 x 5 3/1/2021 Market - -Exclusive right to sell and

market electric cigarettes, vapor equipment, and vapor liquid supply

Yes

Wild Sushi 21 1,960 7/1/2020 7/1/2021 7/1/2022

$19.10 $19.67 $20.26

- - - - - - Yes

GNC# 2400 22 1,050 11/1/2020 $19.00 1 x 3 11/1/2021 Market - -

Exclusive right to operate a store that primarily engages in the sale

of vitamins, minerals, supplements, sports & Nurtrition products, and

health-related food products

No

Boopa's Bagel Deli 23 2,100 6/1/2020 $25.83 1 x 5 6/1/2021


- -Exclusive right to sell bagels and

bagel sandwichesYes

SuperCuts Salon 24 1,190 - - 1 x 3 12/1/2019 Market Yes5% cap annually

Exlusive salon in shopping center Yes

Pizza Hut 25 1,400 - - 2 x 51/1/2021 1/1/2026

$17.33 $19.06

Yes3% capannually

Exclusive right to have pizza in name of restaurant and have pizza or chicken wings be more than 20%

of business

No

H&R Block 26 2,061 - - 1 x 3 5/1/2020

$23.40 w/ 3% Annual Bumps

- -Exclusive right to tax preparation,

electronic filing, or refund anticipation loans)

No

Starbucks 27 2,240 - - 1 x 5 6/1/2021 $27.38 - -Exclusive Right to sell Coffee

beans,and gourmet, brand identified coffee

No

Lisa Lisa 28 1,190 - - 1 x 5 3/1/2020 Market - -Exclusive right to operate a

Massage Therapy/Reflexology SpaYes



FOSSIL CREEK PLAZALEASE PROVISIONS, CONT.




Sales Reporting


Stop N Go Gyro 29 1,190 - - 1 x 5 4/1/2024 $19.95 - -Exclusive right to sell Gyro's and

Greek foodYes

Verizon 32 2,200 1/1/2020 $23.50 1 x 5 7/1/2023 MKT - -Exclusive right to sell wireless telephones, communication

devices, and accessoriesYes

Subway 25-A 1,610 - - 2 x 51/1/2021 1/1/2026

MKT with 12% Cap

MKT- -

Exclusive right to sell submarine sandwhiches

Yes

Albertsons NAP-1 0 - - - - - - - - -

McDonald's NAP-2 0 - - - - - - - - -

Kwik Car NAP-3 0 - - - - - - - - -

TOTAL 68,492



FOSSIL CREEK PLAZATENANT INFORMATION

Tenant Family Dollar

Corporate/Franchise Corporate

Locations 8,000+ Locations Worldwide

Public/Private Public (NYSE: FDO)

Line of Business Family Dollar is a variety store chain in the United States. With over 8,100 locations, it is the second largest retailer of its type in the United States. With the help of their vendor community they are able to keep their costs low, enabling them to pass those savings down to their customer.

Tenant Pizza Hut



Public/Private Public (NYSE: YUM)

Line of Business Pizza Hut is an American restaurant that was founded in 1958. The company is known for its Italian-American cuisine, including pizza, pasta, side dishes and desserts. Pizza Hut has over 18,000 restaurants worldwide as of 2019, making it the world’s largest pizza chain in terms of locations. It is a subsidiary of Yum! Brands, Inc., one of the world’s largest restaurant companies.

Tenant Starbucks



Public/Private Public (NASDAQ: SBUX)

Line of Business Starbucks Corporation is an American coffee company and coffeehouse chain that was founded in Seattle, Washington in 1971. As of 2019, the company operates over 30,000 locations worldwide. Starbucks locations serve hot and cold drinks, whole-bean coffee, microground instant coffee, espresso, caffe latte, full- and loose-leaf teas and assorted food items.

Tenant Subway



Public/Private Private

Line of Business Subway is an American estaurant franchise that primarily sells submarine sandwiches (subs) and salads. Subway is one of the fastest-growing franchises in the world, and, as of June 2017, had approximately 42,000 stores located in more than 100 countries. It is the largest single-brand restaurant chain, and the largest restaurant operator, in the world.



FOSSIL CREEK PLAZATENANT INFORMATION

Tenant Verizon Wireless

Corporate/Franchise Franchise

Locations 2,330+ Locations

Public/Private Public (NYSE: VZ)

Line of Business Verizon Wireless is an American telecommunications company which offers wireless products and services. It is a wholly owned subsidiary of Verizon Communications. Verizon Wireless is the largest wireless telecommunications provider in the United States. It operates a national 4G LTE network covering about 98 percent of the U.S. population.

Tenant Supercuts



Public/Private Public (NASDAQ: RGS)

Line of Business Supercuts is a hair salon franchise with more than 2,600 locations across North America. The company was founded in the San Francisco Bay Area in 1975 and is headquartered in Minneapolis. Supercuts is a wholly owned subsidiary of Regis Corporation and provide a range of hair services including men’s haircuts, women’s haircuts, kids’ haircuts, color services and waxing.

Tenant H&R Block



Public/Private Public (NYSE: HRB)

Line of Business H&R Block is an American tax preparation company. As of 2018, H&R Block operates approximately 12,000 retail tax offices staffed by tax professionals worldwide. It also offers consumer tax software as well as online tax preparation and electronic filing from their website. The Kansas City–based company also offers payroll, and business consulting services.

Tenant Alphagraphics


Locations 270+ Locations Worldwide

Public/Private Private

Line of Business AlphaGraphics is a franchised chain of more than 270 independently owned and operated marketing service providers with full-service print shops. The company was founded in 1969 and began franchising in 1979. In 1985, the company became the first desktop publishing retailer. In 2017, AlphaGraphics became part of the global family of MBE Worldwide.



FOSSIL CREEK PLAZAINVESTMENT HIGHLIGHTS

• Longevity: Over 81% of the tenants have been in Fossil Creek for more than 5 years. This fact significantly cuts down on tenant roll-over risk. Additionally, 65% of the tenants at Fossil Creek have been there for more than 10 years, 20% more than 15 years and 13% have been in the property for more than 20 years. That is an incredible track record for a shopping center.

• Dominant Center in the Submarket: Fossil Creek was built in 1990 and has enjoyed the preeminent position in this submarket for almost 30 years. The surrounding neighborhood has established a pattern of foot traffic to this property that is virtually unbreakable. Fossil Creek is a favorite shopping destination for groceries, coffee, dining, car service, vitamins, haircuts (over 20 years), cell phones and many more household necessities and services.

• Low Price PSF: Fossil Creek is being offered for $186 psf. This is well below replacement cost in today’s market.

• Attractive Assumable Loan: Fossil Creek is being offered with a very attractive assumable loan at an interest rate of 4.8%, amortized over 30 years.

• Experiential Tenant Lineup: Fossil Creek is full of tenants that are immune to internet displacement. Nine of the 29 tenants (or 21,367 square feet) are restaurants while virtually every other tenant requires an in-person experience.

• Limited Vacancy Exposure: With 29 tenants and the average space being only 2,149 sf, the tenant pool is vast with replacement tenants, should one tenant leave. This fact is extremely important given the downsizing of many retailers in todays market.



FOSSIL CREEK PLAZASITE PLANN

BE

AC

H S

T

WESTERN CENTER BLVD

SPOO

NW

OO

D LN

Suite Tenant SQ FT

- Starlite Media 0

1 Alphagraphics 4,800

2 Liquor Outpost 4,158

3 Available 4,482

4 Skillman Wok 1,875

5 Los Molcajetes 4,834

6 Its Fashion 3,977

7 Available 1,685

11 Family Dollar 9,990

12 Automation Personnel 2,980

13 Automation Personnel 2,100

14-15 Chun & Jl 2,630

16 Karam Dhillon 1,400

17 Grace Tailor 1,400

18 Post & Parcel 1,750

19 Happy Nails 1,120

20 Vapor Salon 1,120

21 Wild Sushi 1,960

22 GNC# 2400 1,050

23 Boopa's Bagel Deli 2,100

24 SuperCuts Salon 1,190

25 Pizza Hut 1,400

26 H&R Block 2,061

27 Starbucks 2,240

28 Lisa Lisa 1,190

29 Stop N Go Gyro 1,190

32 Verizon 2,200

25-A Subway 1,610

NAP-1 Albertsons 0

NAP-2 McDonald's 0

NAP-3 Kwik Car 0

12

3

4

5

6

7

11

21

NAP-1

NAP-2

NAP-3 32

20 22 23 25A

25 26 27

2829

24191814-1512-13 1716



FOSSIL CREEK PLAZAAERIAL MAP

N B

EA

CH

ST

WESTERN CENTER BLVD

BASSWOOD BLVD

FOSSIL HILL MIDDLE SCHOOL

PARKVIEW ELEMENTARY

SCHOOL

BASSWOOD ELEMENTARY SCHOOL

BLUEBONNET ELEMENTARY

SCHOOL

JOHN D SPICER ELEMENTARY

SCHOOL

30,269 VPD

21,868 VPD

31,5

68

VP

D

136

,00

0 V

PD



FOSSIL CREEK PLAZALEASE COMPARABLES

Property GLAYr Built/

Renovated Occupancy Major Tenants Available SF Rental Rates NNN

«

Fossil Creek Plaza4300-4398 Western Center Boulevard6401-6501 Beach StreetFort Worth, Texas

68,492 1990 91.0%Albertsons (shadow), Family Dollar,

Starbucks, GNC, Subway, H&R Block, Pizza Hut

6,167 $15.00 - $28.00 $9.76

1

Beach Western Commons4501-4551 Western Center Boulevard6550 North Beach StreetFort Worth, TX

91,166 1995 96.2%Kroger, Sylvan Learning Center,

Metro PCS, BurgerFi, First Choice ER

3,477 $20.00 - $25.00 $8.50

2Western Center Plaza5000 Western Center BoulevardFort Worth, Texas

53,000 2007 80.6%CareNow, Little Caesars Pizza, Anytime Fitness, Metro PCS,

Mk's Sushi, Wells Fargo10,261 $18.00 - $26.00 $6.50

3Summerfields Village7350-7355 North Beach StreetFort Worth, Texas

22,000 2006 84.6%Casablanca Medi Cuisine,

Zen Nails & Spa, Comet Cleaners, Smile Workshop

3,390 $14.00 - $20.00 $7.29

4Basswood Crossing7451 North Beach StreetFort Worth, Texas

33,127 1998 94.3%O'Reily's Auto Parts, Great Clips,iKids

Pediatric Dentistry, Planet Tan, Avis, Budget, Nail Creations

1,890 $20.00 - $22.00 $5.30

5Western Center6600 North Freeway Service RoadFort Worth, Texas

21,323 2008 91.6%AT&T, Genghis Grill, FedEx Office,

Evangelista Dental, Cas Rita's Mexican Grill

1,800 $26.00 - $32.00 $9.50

6Fossil Creek Crossing3300 Western Center BoulevardFort Worth, Texas

11,306 1987 100.0%7-Eleven, Wingstop,

Fine Arts Tattoo Studio, Mr. Jim's Pizza

0 $18.00 - $20.00 $6.00

7Western Center Marketplace2700 Western Center BoulevardFort Worth, Texas

45,552 2007 93.4%Subway, Edible Arrangements, Five

Star Nail Spa, Highland Cleaners, Oyster Ranch Seafood,

3,015 $17.00 - $19.00 $7.71



FOSSIL CREEK PLAZALEASE COMPARABLES

12

3

4

56

Fossil Creek Plaza

1 Beach Western Commons

2 Western Center Plaza

3 Summerfields Village

4 Basswood Crossing

5 Western Center

6 Fossil Creek Crossing

7 Western Center Marketplace

7



FOSSIL CREEK PLAZALOCAL MAP



FOSSIL CREEK PLAZAREGIONAL MAP



FOSSIL CREEK PLAZAMARKET SUMMARY

Called the “City of Cowboys & Culture,” Fort Worth draws visitors from around the globe. With an estimated 2017 population of 874,168 people, Fort Worth is the 13th-largest city in the United States and fifth-largest city in Texas. The city was established in 1849 as an army outpost on a bluff overlooking the Trinity River. Today, Fort Worth still embraces its Western heritage and traditional architecture and design. However, the city is progressive and has a burgeoning economy and growing population. The Dallas-Fort Worth metropolitan area is the fourth-largest MSA in the United States.

While Fort Worth has a rich history, it is thoroughly modern, and quality of life figures prominently in its look and feel. High interest in shopping venues and culinary offerings amid the cityscape attests that Fort Worth values both work and play. There is a unique accessibility found only in Fort Worth, where world-class art lives comfortably among stilettos and cowboy boots in one of the most fully integrated city centers in the world.

As one of America’s “Most Livable Cities,” Fort Worth offers world-class arts and architecture, unparalleled cuisine, upscale shopping, five entertainment districts and endless outdoor activities. This vibrant area is nicknamed “Left Bank,” a nod to Paris’ own famed “La Rive Gauche”, which is a historic example of the vitality and synergy created when dining, shopping, nightlife and a cultural arts district all come together.

Located less than 5 miles from downtown Fort Worth, the 325-acre campus of Texas Christian University is home to over 11,000 students. Fort Worth is also home to the Fort Worth Stockyards, which is a National Historic District. The Stockyards was once among the largest livestock markets in the United States and played a vital role in the city’s early growth. The city’s economy is also stimulated by many multinational corporations, including Bell Helicopter, Lockheed Martin, American Airlines, BNSF Railway, Pier 1 Imports, XTO Energy and RadioShack.

Fort Worth, TX

1st In Population Growth for Large Cities

O V E R V I E W Q U I C K S TAT S

4th Best Large Cities in U.S. for Jobs(NewGeography.com, 2013)

6.5MVisitors Annually and they contribute over $900 million to the Fort Worth economy

Largest City in the U.S.15th



FOSSIL CREEK PLAZADEMOGRAPHIC STATISTICS

1 Mile 3 Mile 5 Mile

Population:2024 Projection 19,523 111,537 313,623

2019 Estimate 18,462 105,099 291,411

2010 Census 18,157 101,023 254,391

Growth 2019-2024 5.75% 6.13% 7.62%

Growth 2010-2019 1.68% 4.03% 14.55%

2019 Population Hispanic Origin 4,215 26,830 86,801

2019 Population by Race:White 13,426 80,459 235,679

Black 2,174 10,030 23,604

Am. Indian & Alaskan 143 870 2,782

Asian 2,175 10,452 20,627

Hawaiian & Pacific Island 20 244 647

Other 525 3,044 8,073

U.S. Armed Forces: 17 139 353

Households:2024 Projection 7,954 39,747 106,752

2019 Estimate 7,519 37,520 99,404

2010 Census 7,343 36,271 87,610

Growth 2019 - 2024 5.79% 5.94% 7.39%

Growth 2010 - 2019 2.40% 3.44% 13.46%

Owner Occupied 3,477 23,691 68,277

Renter Occupied 4,042 13,829 31,127

2019 Avg Household Income $80,576 $82,959 $85,129

2019 Med Household Income $67,429 $69,709 $70,830

2019 Households by Household Inc:<$25,000 722 3,991 11,559

$25,000 - $50,000 1,663 7,490 20,051

$50,000 - $75,000 1,859 9,053 21,304

$75,000 - $100,000 1,258 6,546 16,970

$100,000 - $125,000 960 4,337 12,227

$125,000 - $150,000 311 2,323 6,234

$150,000 - $200,000 540 2,549 6,876

$200,000+ 206 1,231 4,183

Demographic data © CoStar 2019


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:• 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 minimumduties above and must inform the owner of any material information about the property or transaction known by the agent, includinginformation 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 th e 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:

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

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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