7-ElevenDallas, TX

OFFERING MEMORANDUM

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Property Overv iew

Tenant Overv iew

Area Overv iew

Content ™

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EXCLUSIVE LISTING AGENTS

RAHUL CHHAJED

STNL Convenience

rahul .chhajed@matthews.comDIR (949) 432-4513MOB (818) 434-1106LIC # 01986299 (CA)

ARON CLINE

SVP & SENIOR DIRECTOR

aron.c l ine@matthews.comDIR (949) 432-4509MOB (818) 632-0233LIC # 01904371 (CA)

MICHAEL MORENO

Senior Associate

michael .moreno@matthews.comDIR (949) 432-4511MOB (818) 522-4497LIC # 01982943 (CA)

KYLE MATTHEWS

BROKER OF RECORD

LIC # 678067

PROPERTY OVERVIEW

INVESTMENT HIGHLIGHTS

Matthews Real Estate Investment Services4

Property

• 7-Eleven has operated at this location for over 35 Years - showing their long-term commitment to this location

• Tenant recently re-upped for an additional 5 years in 2017 further displaying their site commitment

• Absolute NNN lease is perfectly suited for out of state investors

• Tenant is currently paying a very low amount of rent for a convenience location

Location

• Located in the heart of Dallas, TX (the fourth most populous city in the United States)

• Income Tax-Free State

• Very Strong Demographics - Over 200,000 residents within a 5-mile radius

• Growing community - Population within a 5-mile radius has grown 6.13% over the past 5 years

• Very Strong Traffic Counts - Over 20,000 in Average Daily Traffic on nearby Lake June Rd and Gaylord Dr

Tenant

• Corporately Guaranteed Lease with 7-Eleven, Inc. backed by AA- Investment Grade Credit (Standard & Poor’s)

• Leased to globally recognized 7-Eleven, Inc., which has over 8,500 stores nationwide with annual revenues in excess of $10.3 Billion

7-Eleven | Dallas | TX 5

7-Eleven7037 Lake June RdDallas, TX 75217

List Price .....................................................................................................................$944,842

CAP Rate - Current .......................................................................................................... 4.75%

Gross Leasable Area ............................................................................................. ± 2,382 SF

Year Built / Renovated ....................................................................................................... 1981

Annualized Operating DataMonthly Rent Annual Rent Rent/SF Cap Rate

Current - 12/31/2021 $3,740 $44,880 $18.84 4.75%

Option 1 $4,114 $49,368 $20.73 5.23%

Tenant Summary

Tenant Trade Name 7 Eleven

Type of Ownership Fee Simple

Lease Guarantor Corporate

Lease Type NNN

Roof and Structure Tenant Responsible

Original Lease Term 15 Years

Lease Commencment Date 4/27/1981

Rent Commencment Date 1/1/2017

Lease Expiration Date 12/31/2021

Term Remaining on Lease 4.5 Years

Increase 10% in options

Options One (1), Five (5) Year Option

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PROPERTY FEATURES

THE OFFERING

PARCEL MAP

Property Name 7-Eleven

Property Address 7037 Lake June Rd

Dallas, TX 75217

Assessor’s Parcel Number 00-62360-000-001-01-00

Zoning

Site DescriptionNumber of Stories One

Year Built / Renovated 1981

Gross Leasable Area (GLA) ± 2,382 SF

Lot Size ± 0.36 Acres (15,625 SF)

Type of Ownership Fee Simple

Lake June Road ±20,000 ADT

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TENANT OVERVIEW

7-Eleven | Dallas | TX 9

Te n a n t O v e r v i e w7-Eleven is the world’s largest convenience store chain operating, franchising and licensing more than 60,000 stores in 18 countries and is also one of the nation’s largest independent gasoline retailers. As the pioneer of the convenience store concept, 7-Eleven strives to meet the needs of convenience-oriented guests by providing a broad selection of fresh, high-quality products and services at everyday fair prices, speedy transactions and a clean, friendly shopping environment. Each store maintains a selection of approximately 2,500 different products and services tailored to meet the needs and preferences of its local clientele. Stores typically vary in size from 2,400 to 3,000 square feet and are most often located on corners to maximize visibility and allow for easy access.

The company’s iconic products have become a substantial part of American culture from its well-known Big Gulp® fountain soft drink and Big Bite® grill items to the Slurpee® beverage and its fresh-brewed coffee. 7-Eleven’s food service offerings bring guests a proprietary line of prepared-fresh-daily and daily delivered deli sandwiches, wraps, breakfast sandwiches and a wide assortment fruits, salads and baked goods. Serving guests 24 hours a day is one of the cornerstones of 7-Eleven’s business.

MARKETING & COMPANY STRATEGYWith nonstop innovation, 7-Eleven and its product development teams continue to introduce new products as they search for new flavors, better recipes and useful inventions to satisfy time-constrained customers. Keeping pace with the ways technology is redefining how people shop, 7-Eleven has invested in software and business processes that have revolutionized store operations.

Furthermore, stores reap the benefits from the strong marketing campaigns and advertisements, including national TV and radio commercials, social media, special events and promotions and even public relations support.

GEOGRAPHIC REACHThe company operates, franchises and licenses approximately 10,700 stores in the U.S. and Canada. Of the close to 8,500 stores the company operates and franchises in the United States, more than 6,700 are franchised. Outside of the U.S. and Canada, there are more than 49,300 7-Eleven and other convenience stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, the Philippines, Indonesia, Norway, Sweden, Denmark and United Arab Emirates.

Company Name 7-Eleven Inc.

Ownership Private

No. of Locations (all) ± 60,000

No. of Employees ± 48,000

Headquartered Irving, Texas

Website www.7-eleven.com

Year Founded 1927

AREA OVERVIEW

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Dallas is a city where big ideas meet big opportunity. The city revolves around a bustling downtown area that expands through an assortment of neighborhoods and commercial centers, supported by a network of freeways that exceeds almost any other city. It boasts the largest urban arts district in the nation; where you’d be more likely to come across a world class exhibit than a broken pair of chaps. Its past and present is rich in culture, an All-American city that was built on legends.

The central core of Dallas has experienced a steady and significant growth that speaks to its highly diversified economy. It has become a hub for real estate and business, establishing itself as one of the largest concentrations of corporate

headquarters for publicly traded companies such as American Airlines, Neiman Marcus, Kimberly-Clark, JCPenney, ExxonMobil and many others. In 2015, Forbes reported that Dallas is “the best place for business and careers” in Texas. It’s the perfect blend of big city living and rustic southern charm.

The Dallas economy is expected to grow over the next couple of decades making it the perfect time to not only invest in Dallas real estate, but also relocate. As the 9th largest city in the country, Dallas has something for everyone. It combines clashing images of the city skyline and cowboy vibes. Yet, the city of Dallas describes itself best with the motto: “Big Things Happen Here.”

AREA OVERVIEW

5-MILE DEMOGRAPHICS

2017 Est . Populat ion 231 ,117

Projected Populat ion Growth 2017 - 2022 6.82%

2017 Est . Households 70,341

Projected Household Growth 2017 - 2022 6.42%

2017 Est . Average Household Income $44,731

7-Eleven | Dallas | TX 11

DALLAS-FORT WORTH MSA

The Dallas-Fort Worth Metroplex is the largest metropolitan area in the South, and fourth largest in the United States. It is a center for sporting events, tourism and manufacturing. Dallas and its suburbs have one of the highest concentrations of corporate headquarters in the United States. Dallas is a center for corporate America. Because of its central location relative to the rest of the United States, Dallas is a popular convention site and site for many corporate headquarters and home to 21 Fortune 500 companies. Business management and operations is a major part of the economy. The Metroplex also contains the largest Information Technology industry base in the state. 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.

4thLargest City

7.1Million People

21Fortune 500 Companies

4Major Sports

Teams

5-MILE DEMOGRAPHICS

Matthews Real Estate Investment Services

Company Location

Exxon Mobil Irving

AT&T Dallas

Energy Transfer Equity Dallas

American Airlines Group Fort Worth

Tenet Healthcare Dallas

Southwest Airlines Dallas

Kimberly-Clark Irving

Fluor Corporation Irving

Holly Frontier Dallas

Texas Instruments Dallas

J.C. Penney Plano

Jacobs Engineering Dallas

D.R. Horton Fort Worth

GameStop Grapevine

Dean Foods Dallas

Alliance Data Systems Plano

Trinity Industries Dallas

Dr Pepper Snapple Group Plano

Commercial Metals Irving

Celanese Dallas

Energy Future Holdings Dallas

FORTUNE 500 COMPANIES

PROFESSIONAL SPORTS

The Dal las Cowboys are a professional American footbal l team based in the Dal las–Fort Worth metroplex. The Cowboys compete in the Nat ional Footbal l League (NFL) as a member c lub of the league’s Nat ional Footbal l Conference (NFC) East div is ion. The team is headquartered in Fr isco, Texas, and plays i ts home games at AT&T Stadium in Ar l ington, Texas.NFL - Dallas Cowboys

The Dal las Maver icks (of ten referred to as the Mavs) are an American professional basketbal l team based in Dal las. The Maver icks compete in the Nat ional Basketbal l Associat ion (NBA) as a member c lub of the league’s Western Conference Southwest Div is ion. The team plays i ts home games at the American Air l ines Center.

NBA - Dallas Mavericks

The Texas Rangers are an American professional basebal l team based in Ar l ington, Texas, located in the Dal las–Fort Worth metroplex. The Rangers f ranchise is current ly a member of the West div is ion of the American League (AL) in Major League Basebal l (MLB) . S ince 1994, the Rangers have played in Globe Li fe Park in Ar l ington in Ar l ington, Texas.MLB - Texas Rangers

The Dal las Stars are a professional ice hockey team based in Dal las, Texas. They are members of the Central Div is ion of the Western Conference of the Nat ional Hockey League (NHL) . The team was founded dur ing the 1967 NHL expansion as the Minnesota North Stars , based in Bloomington, Minnesota.

NHL - Dallas Stars

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of 7-Eleven located at 7037 Lake June Road, Dallas, TX (“Property”) . I t has been prepared by Matthews Retai l Advisors. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Retai l Advisors. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.

Owner and Matthews Retai l Advisors expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Retai l Advisors or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

CONFIDENT IAL I TY & D I SCLA IMER STATEMENT

Matthews Real Estate Investment Services14

EXCLUSIVE LISTING AGENTS

™

7-ElevenDallas, TX

RAHUL CHHAJED

STNL Convenience

rahul .chhajed@matthews.comDIR (949) 432-4513MOB (818) 434-1106LIC # 01986299 (CA)

MICHAEL MORENO

Senior Associate

michael .moreno@matthews.comDIR (949) 432-4511MOB (818) 522-4497LIC # 01982943

KYLE MATTHEWS

BROKER OF RECORD

LIC # 678067

ARON CLINE

SVP & SENIOR DIRECTOR

aron.c l ine@matthews.comDIR (949) 432-4509MOB (818) 632-0233LIC # 01904371 (CA)

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, 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 informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon 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 wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon 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 wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen 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 instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng 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 transacƟon 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 duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon 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 noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

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

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Kyle Matthews/Matthews Retail Group Inc. 678067 kyle.matthews@matthews.com (310) 919-5757

Kyle Matthews 678067 kyle.matthews@matthews.com (310) 919-5757