Edward A. Benton+ 713 830 2198

nnn.listings@colliers.com

EXCLUSIVE NET-LEASE OFFERING MEMORANDUMSHOPS AT KIRBY | PEARLAND, TX100% LEASED FOUR-TENANT STRIP CENTER FOR SALE

FINANCIAL OVERVIEW | 11405 BROADWAY, PEARLAND, TX 77584

INCOME & EXPENSES

Tenant SF Pro-Rata Lease Begins Lease Expires Base Rent Rent per SF NNN TotalDickey’s BBQ 2,000 28% 9/14/2018 9/13/2028 $72,000.00 $36.00 $16,000.00 $88,000.00Expedia 1,035 15% 3/15/2019 3/15/2029 $36,225.00 $35.00 $8,280.00 $44,505.00Nail Salon 2,400 34% 1/15/2019 1/14/2029 $81,600.00 $34.00 $19,200.00 $100,800.00Zero Degrees 1,600 23% 10/23/2018 10/22/2028 $60,800.00 $38.00 $12,800.00 $73,600.00

Total 7,035 $250,625.00 $35.63 $56,280.00 $306,905.00

RENT ROLL

Income ActualsAnnual Rent $250,625.00Expense Reimbursements $56,280.00Total Income $306,905.00

Expense BudgetTaxes $25,404.00Insurance $6,420.00CAM $18,456.00Mgt. Fee $6,000.00Total Operating Expenses $56,280.00

Net Operating Income $250,625.00

Price $3,580,000.00CAP Rate 7.0% NOI $250,625.00Price PSF $508.88GLA 7,035 SFLand Size 0.9586 acYear Built 2018

SUMMARY

Purchase Price NOI CAP Rate

$3,580,000 $250,625 7.0%

INVESTMENT OVERVIEW | 11405 BROADWAY, PEARLAND, TX 77584

INVESTMENT OVERVIEW

> BRAND NEW CONSTRUCTION: New 2018 construction retail center | 100%

leased | All new 10 year leases with scheduled rent increases in the primary

terms

> STELLAR RETAIL LOCATION : Located in the heart of Pearland directly

across the street from Pearland Town Center | 644,000-square-foot mall

housing Macy’s, Dillard’s, Barnes & Noble, Chico’s, Express and many others

> SURROUNDED BY NATIONAL RETAILERS: Area retailers include: Target,

Walmart Super Center, The Home Depot, Cinemark Theatres, HEB Grocery,

Hobby Lobby, Burlington Coat Factory, Best Buy, Chick-fil-A and many others

> ACCESS AND VISIBILITY: Strategically placed at the hard corner signalized

intersection of Kirby Drive and Broadway (FM 518) | Excellent visibility and

access to both West Broadway and Kirby | Over 27,000 VPD on Broadway

(FM 518) in front of the subject property

> STRONG DEMOGRAPHICS: Stellar population and income demographics

| Over 237,000 people within a 5-mile radius | Average HH Income over

$139,000 within a one mile radius | Pearland’s population grew by 142% from

2000 to 2010, according to U.S. Census population figures

TENANT OVERVIEW

DICKEY’S BARBECUE PITDickey’s Barbecue Pit is a true American succss story. In 1941, Travis Dickey, a World War II veteran, opened the first Dickey’s Barbecue Pit in Dallas, Texas. Dickey was a true Texas character blessed with the gift of gab and the love of authentic, slow-smoked barbecue. In the beginning, Dickey’s Barbecue Pit was truly a family operation with Travis working the block and Miss Ollie Dickey serving sandwiches. Space on the restaurant sign was rented out to help pay the start-up costs for the restaurant and the menu was limited to beef brisket, pit hams, barbecue beans, potato chips, beer, bottled milk and sodas.

Brothers Roland and T.D. Dickey took over the business in 1967, continuing their father’s legacy of quality, hickory smoked signature meats. Under the direction of the Dickey brothers, Dickey’s Barbecue Pit expanded throughout the Dallas Fort Worth area and quickly became known throughout Texas for mouthwatering hickory-smoked barbecue, popular catered events and the iconic Big Yellow Cups. Franchising began in 1994 after loyal guests and barbecue fanatics demanded more locations.

Today with nearly 600 locations in 43 states, loyal guests are what keep Dickey’s thriving in every community.

600+ RETAIL STORES

IN 43 STATES

#7 FAST CASUAL TOP 100 MOVERS & SHAKERS FOR 2018

FRANCHISING BEGAN 1994

AS OF 2015, NEW PROTOTYPE THAT HALVED THE KITCHEN SIZE, REDUCED REQUIRED

EQUIPMENT & CREATED OTHER EFFICIENCIES

VIP MEMBER PERKS FREE GIFTS, SPECIAL OFFERS, PROMOTIONS

BIG YELLOW CUP CLUB

TENANT OVERVIEW

ZERO DEGREESZero Degrees is an Asian-Hispanic fusion chain specializing in high quality drinks and snacks. They place great value on being Fresh from the Start ever since their launch in 2013. All of their products are carefully prepared with the highest quality ingredients. The use of bold flavoring recipes in their most popular items sets them apart from the competition.

Their signature drink is the Mangonada, a delectable mango slush with real fruit chunks, topped with chamoy and Tajin seasoning to give it a sweet, salty, spicy kick that has made it their #1 best seller. Zero Degrees has since become known as the Home of the Mangonadas™️, expanding their unique vision to new fans wherever they go.

Today, Zero Degrees has claimed the spot as the top Asian-Hispanic fusion cafe with new locations opening up across the country.

30+ LOCATIONS

15+ COMING SOON

#1 TOP ASIAN-HISPANIC FUSION CAFE

FOUNDED BY 3 SIBLINGS IN 2013

EXPANSION CURRENTLY TAKING PLACE IN CALIFORNIA, TEXAS,

NEVADA AND FLORIDA

TENANT OVERVIEW

EXPEDIAThis store is an Expedia CruiseShipCenters retailer, a travel agency franchise company established in 1987, specialized in marketing and sales of cruise vacations. The travel franchise network is rapidly expanding across North America, with over 255 independently owned retail locations currently open or under development.

Expedia CruiseShipCenters’ sales have grown, on average, 20% a year for the past two decades. That is three times faster than the growth rate of the cruise industry overall.

According to Cruise Lines International Association, 27.2 million people are expected to take a cruise in 2018, and the association also points out that the U.S. economic impact of the cruise industry is even larger, at $42 billion annually. According to CLIA, over 105 new ships will debut between now and 2026, which demonstrates not only the continued growth of the industry, but a commitment to further the industry’s growth from the cruise lines.

Expedia Group is an American global travel technology company. As of Q2 2018, Expedia Group had $95.1B in gross bookings, $10.7B in revenue and 332M room nights.

255+RETAIL STORES

1987 YEAR FOUNDED

“EXPEDIA CRUISESHIPCENTER’S SALES HAVE GROWN, ON AVERAGE,

20% A Y EAR FOR THE PAST 2 DECADES ”

27.2 MILLION PEOPLE EXPECTED TO GO ON A CRUISE IN 2018

&3/4 OF THEM WILL BOOK WITH A TRAVEL AGENT

SITE PLAN | 11405 BROADWAY, PEARLAND, TX 77584

AERIAL | 11405 BROADWAY, PEARLAND, TX 77584

SITE

PEARLAND TOWN CENTER

27,000 VPD

82,0

00 V

PD

LOCATION OVERVIEW | 11405 BROADWAY, PEARLAND, TX 77584

Pearland is one of the fastest growing cities in Texas, positioned on a growth curve that extends well into the 21st century. However, Pearland’s history goes beyond the initial founding date. Native Indian inhabitants hosted their first European visitors in 1528 including such famous names as Cabeza de Vaca, La Salle, and Stephen F. Austin leap out from this tumultuous chapter in Texas’ colorful history that traces the area’s development to present-day Pearland. The tenacity of these early settlers formed the backbone of a thriving community that continues to grow, increasing from approximately 19,000 to more than 100,000 residents in the last 2 decades.

As the fastest growing city in the Houston region, Pearland has everything your company needs to be successful. Affordable housing, outstanding schools, safe neighborhoods and superb quality of life has led to tremendous growth in Pearland. With millions of square feet of retail, office and residential construction completed in the past 10 years, Pearland is on its way to becoming the next major employment center in the Houston region. Our close proximity to Houston, just a short 20 minute drive to downtown, allows you to experience all the city has to offer including professional sports, world-class cultural amenities and recreation.

Pearland’s prime location within Texas and low cost of doing business attracts companies looking to start-up, expand or relocate. Pearland is home to multiple corporate headquarters, manufacturers and small businesses across numerous industries.

The retail sector grew exponentially in recent years, while the construction, manufacturing and professional sectors – especially in the areas of life science, health care and energy – continue to rapidly expand.

ABOUT TEXAS | 11405 BROADWAY, PEARLAND, TX 775843R

D F

AST

EST

GROW

ING

ECO

NO

MY

IN T

HE

U.S

.FO

RBES 54FORTUNE 500

COMPANIESARE LOCATED IN T E X A S

#4STATE TO DOBUSINESS

4thLARGEST CITY IN THE U.S.

#1STATEFOR JOB GROWTH

425COMPANIES RANKED IN THE INC. 5000

FASTEST GROWING PRIVATE COMPANIES

#1 LARGEST ANNUAL STATE POPULATION GROWTH

27.86 MILLION PEOPLE LIVE IN TEXAS

OVER 3,000 COMPANIES HAVE LOCATED OR EXPANDED IN

TEXAS SINCE 2009

LOCA

TION

OVE

RVIE

W

Population

Household Income

Employment

The estimated average household income within a five mile radius from this property for 2018 is $92,200 and is projected to be $101,800 by 2023. The current per capita income is estimated at $31,700.

The estimated 2018 labor force within a 5 mile radius is made up of 78,000 people over age 16 with 5,000 businesses. About 75% of the work force are white collar workers. The average travel time to work is 33 minutes.

The estimated 2018 population within a 5 mile radius from the subject property is approximately 237,000 people with an estimated 81,400 households. The projected current population is made up of 48.3% males and 51.7% females. The median age is 33.

POPULATION1 - Mile 3 - Miles 5 - Miles

Est. 2018 11,700 76,000 237,000

Proj. 2023 13,200 85,500 261,700

2018 AVERAGE HOUSEHOLD INCOME1 - Mile 3 - Miles 5 - Miles

Est. 2018 $139,100 $133,400 $92,200

Proj. 2023 $152,700 $149,500 $101,800

MAJOR EMPLOYERSLargest Pearland Employers

Baker Hughes, Inc.

Dover Energy

Altus Harbor

Cardiovascular Systems, Inc.

Aggreko, LLC

DEMOGRAPHICS | 11405 BROADWAY, PEARLAND, TX 77584

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EXCLUSIVELY LISTED BY:

Edward A. BentonVice President

+ 713 830 2198ed.benton@colliers.com

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2016. All rights reserved.

CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offering Memorandum contains select information pertaining to the business and affairs of the Property at 11405 Broadway Street, Pearland, Texas 77584. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by Edward A. Benton from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum from Edward A. Benton you agree:

1) The Offering Memorandum and its contents are confidential;2) You will hold it and treat it in the strictest of confidence; and3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of 11405 Broadway Street, Pearland, Texas 77584 or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

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d Edward A. Benton+ 713 830 2198

nnn.listings@colliers.com