Walmart Shadow-Anchored Retail Center

CONFIDENTIALOFFERING MEMORANDUM

Walmart Shadow-Anchored Retail Center1432 Austin Highway, San Antonio, Texas 78209

Exclusively Listed By:RFM Commercial, Inc.

Beverly R. Barshop210.826.0036 x290

[email protected]

Richard F. McCaleb210.826.0036 x230

[email protected]

OFFERING SUMMARY RFM Commercial, Inc. is pleased to present to the market, 1432 Austin Hwy, a 26,595 square foot Value-Add Walmart shadow-anchored neighborhood center in northeast San Antonio. Conveniently located between Walmart Supercenter and Lowe’s, the center enjoys cross access and multiple entrances to serve its large trade area which includes several of the city’s most affluent communities such as Terrill Hills, Alamo Heights, Terrill Heights and Oakwell Farms. Proven in-fill trade area with easy access to Loop 410 and IH 35 includes additional national retailers such as Target, Gold’s Gym and HEB. Economic generators/employers within proximity include Fort Sam Houston, McNay Art Museum, Incarnate Word University, Rackspace, San Antonio Botanical Gardens, Trinity University, Children’s Museum SA, Witte Museum, San Antonio Zoo, San Antonio River Walk and the 26-acre Pearl District.

The asset is currently 66% leased with all vacancies fully finished out, providing a true Value-Add opportunity for an investor to lease the remaining vacancy. The sales proforma assumes leasing the vacant spaces from $18-$22 psf which is well below the current average rents of $23.21 psf. The center sits on 3.78 acres, providing the possibility to add additional space and/or drive-thru capability to its end-caps.

CONTENTSOffering Summary ................................ 2

Property Details ...................................... 3

Site Plan Aerial ...................................... 4

Retail Aerial ............................................ 5

Market Aerial ........................................ 6

Financial Analysis .................................. 7

Rent Comps ......................................... 8

San Antonio Overview ....................... 9

Demographics .....................................10

Confidentiality & Disclaimer ................. 11

1432 Austin HighwaySan Antonio, Texas 78209

PROPERTY DETAILS

ADDRESS

ACCESS

AGE

LAND SIZE

ZONING

PARKING/PARKING RATIO

TRAFFIC COUNTS

SIGNAGE

ROOF

HVAC

1432 Austin Highway San Antonio, Texas 78209

Four entrances to the property of which two (2) are signalized

Built in 2004

±3.78 Acres

C-3

144 Spaces/ 5.41 per 1000 SF

Austin Hwy: 22,000 VPD Harry Wurzbach: 7,180 VPD (Kalibrate 2021)

Pylon signage along Austin Hwy and individual tenant signage at each suite

Built up tar gravel roof

Typical roof top package units

CONFIDENTIAL OFFERING MEMORANDUM1432 Austin Highway, San Antonio, Texas 78209

PYLON SIGN WITH EXCELLENT VISIBILITY FROM AUSTIN HIGHWAY

SITE PLAN AERIAL

Suite Tenant SF100 Vacant 2,800 102 Victory Martial Arts 2,000104 Vacant 2,640105 MB Fabrics 3,360107 4 Star Nails 1,500108 Sprint 2,463

109 GameStop 1,500110 Great Clips 1,300112 Navy Federal Credit Union 3,672114 Vacant 1,300115 Vacant 1,260116 Vacant 1,100117 H&R Block 1,700


MARKET AERIAL


FINANCIAL ANALYSIS


STABILIZED VALUE ADD

PRICE $7,224,000 ($271 PSF)

PROFORMA CAP RATE 7.25%

PROFORMA STABILIZED NOI $523,760*

(Based on 93% occupied with $18-$22 PSF Rents on vacant spaces)

*Average current rental rate $23.21 PSF

PROJECTED GROSS REVENUEProforma PSFBase Rental Revenue $585,722 $22.02Expense Reimbursement Revenue $242,302 $9.11Vacancy 7% Stabilized <$57,962> <$2.18>Gross Budgeted Revenue $770,062 $28.96

ANNUAL EXPENSESProforma PSFProperty Taxes $152,220 $5.72Property Insurance $10,488 $0.39Common Area Maintenance (CAM) $79,594 $2.99Non Pass-Thru Expenses $4,000 $0.15 Total Estimated Operating Expenses $246,302 $9.26

Proforma NOI $523,760

RENT COMPS


Project NameAddress

GLA (SF)Year Built

OccupancySmall Shop Rates Major Tenants


26,5952004

66%$18 - $26 NNN

NFCU, Game Stop, Sprint, Great Clips

Terrell Plaza1223 Austin HwySan Antonio, Texas 78209

107,8841965, Ren. 2012

89%$19 - $24 NNN

Dollar Tree, Ross, Petco, Five Below

Alamo Hills1246 Austin HwySan Antonio, Texas 78209

146,8031984

94%$18 - $28 NNN

Gold’s Gym, Pet Supplies Plus, Papa John’s

Austin Heights1533 Austin HwySan Antonio, Texas 78218

59,9321984, Ren. 2012

79%$18 - $24 NNN

Goodwill, Advance Auto, The UPS Store

Sunset Square1520 Austin HwySan Antonio, Texas 78218

149,5331967, Ren. 1986

100%$20 - $24 NNN

HEB, LA Crawfish, One Touch Direct

SAN ANTONIO OVERVIEW TOP AREA EMPLOYERSLackland Airforce Base 37,000+USAA 35,935+Fort Sam Houston - US Army 32,000+Whataburger 22,500+H-E-B 20,300+Northside ISD 12,900+Randolph Airforce Base 11,000+Valero Energy 9,964+Methodist Healthcare System 9,620+iHeart Media 9,588+City of San Antonio 9,145+Northeast ISD 8,780+TaskUs 7,700+San Antonio ISD 7,500+Rackspace Technology 7,200+Baptist Health System 6,383+Wells Fargo 5,073+JP Morgan Chase 5,000+Bill Miller Bar-B-Q 4,400+AT&T 4,300+Harte Hanks 3,800+Christus Santa Rosa 3,700+CPS Energy 3,100+Frost Bank 3,000+Sirius Computer Solutions 2,600+Toyota Motor Manufacturing 2,500+Visionworks 2,500+Harland Clarke 2,100+


San Antonio is the seventh most populous city in the U.S. and the second most populous city in Texas with a MSA population of more than 2.5 million. More than 400 companies across all industries: financial services, cybersecurity, manufacturing, technology, bioscience, and aerospace, are based in greater San Antonio. As of 2020, the region’s population increased by 9% and is expected to increase by 6.2% within the next five years. From 2015 to 2020, jobs increased by 9.5% outpacing the national growth rate of 6.2%. Home to numerous historical and cultural sites, including the Alamo, the world-famous River Walk and the 26-acre Pearl District, tourism contributes substantially to the city’s economy, with over 37 million tourists visiting annually, employing over 122,500 people at an annual economic impact of over $15.2 billion on the local economy.

The Alamo City has one of the largest concentrations of military bases in the United States. The defense industry in San Antonio employs over 190,000 and provides a $27.7 billion regional economic impact. San Antonio is home to Fort Sam Houston, Lackland Air Force Base, Randolph Air Force Base and Brooks City-Base, with Camp Bullis and Camp Stanley just outside the city. These bases make up what is known as Joint Base San Antonio (JBSA). JBSA services more Department of Defense students and runways than any other installation, houses the DoD’s largest hospital, and supports more than 250,000 personnel. Its total replacement value is estimated at $10.3 billion with an annual budget of $800 million.

America’s northernmost gateway with Mexico, San Antonio has become an international trade center enhanced through Port San Antonio, a 1,900-acre aerospace, industrial complex, and international logistics platform that services firms such as Boeing, Lockheed Martin and XPO Logistics, as well as government and military agencies. Employing more than 14,000 people in its unique air-, rail- and highway-served property, Port SA generates over $5 billion in annual economic activity for the region.

San Antonio continues to be one of the most attractive metros in the country due to its exceptional economic and population growth, low business and living costs, central geographic location and south Texas charm, emerging culinary and arts scene, and versatile transportation infrastructure.

DEMOGRAPHICS


Community Profile1432 Austin Hwy, San Antonio, Texas, 78209 3 Prepared by Esri1432 Austin Hwy, San Antonio, Texas, 78209 Latitude: 29.49109Rings: 1, 3, 5 mile radii Longitude: -98.43523

1 mile 3 miles 5 milesPopulation Summary

2000 Total Population 12,124 81,601 224,2812010 Total Population 11,667 83,216 234,5142020 Total Population 12,760 87,159 253,740

2020 Group Quarters 305 5,798 9,9002025 Total Population 13,311 90,336 265,734

2020-2025 Annual Rate 0.85% 0.72% 0.93%2020 Total Daytime Population 12,390 116,249 314,977

Workers 5,943 71,140 177,029Residents 6,447 45,109 137,948

Household Summary2000 Households 5,442 33,977 88,474

2000 Average Household Size 2.18 2.29 2.452010 Households 5,328 33,716 90,654



2025 Average Household Size 2.13 2.30 2.512020-2025 Annual Rate 0.88% 0.79% 0.93%

2010 Families 2,858 19,114 54,4732010 Average Family Size 2.86 3.06 3.20


2025 Families 3,141 20,196 59,7912025 Average Family Size 2.92 3.11 3.282020-2025 Annual Rate 0.70% 0.63% 0.80%

Housing Unit Summary2000 Housing Units 5,815 37,115 95,919

Owner Occupied Housing Units 47.9% 47.9% 48.9%Renter Occupied Housing Units 45.7% 43.6% 43.4%Vacant Housing Units 6.4% 8.5% 7.8%

2010 Housing Units 5,943 38,146 102,054Owner Occupied Housing Units 45.6% 44.8% 45.8%Renter Occupied Housing Units 44.1% 43.6% 43.0%Vacant Housing Units 10.3% 11.6% 11.2%



Median Household Income2020 $55,451 $52,423 $45,6242025 $56,855 $54,550 $48,147

Median Home Value2020 $262,970 $274,980 $169,8232025 $292,301 $305,238 $192,258

Per Capita Income2020 $35,472 $36,026 $27,0012025 $37,245 $38,415 $28,726

Median Age2010 38.2 36.2 34.62020 40.5 37.6 35.92025 41.8 38.5 36.6

Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households. Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by all persons aged 15 years and over divided by the total population.Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography.

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©2021 Esri Page 1 of 7

Average HH Income(3 mi Radius)

$86,598

Median Home Value(3 mi Radius)

$274,980

Daytime Population(3 mi Radius)

116,249

Households(3 mi Radius)

35,402

2020 Population(3 mi Radius)

87,159


1 mile 3 miles 5 milesPopulation Summary

2000 Total Population 12,124 81,601 224,2812010 Total Population 11,667 83,216 234,5142020 Total Population 12,760 87,159 253,740

2020 Group Quarters 305 5,798 9,9002025 Total Population 13,311 90,336 265,734

2020-2025 Annual Rate 0.85% 0.72% 0.93%2020 Total Daytime Population 12,390 116,249 314,977

Workers 5,943 71,140 177,029Residents 6,447 45,109 137,948

Household Summary2000 Households 5,442 33,977 88,474




2025 Average Household Size 2.13 2.30 2.512020-2025 Annual Rate 0.88% 0.79% 0.93%



2025 Families 3,141 20,196 59,7912025 Average Family Size 2.92 3.11 3.282020-2025 Annual Rate 0.70% 0.63% 0.80%

Housing Unit Summary2000 Housing Units 5,815 37,115 95,919

Owner Occupied Housing Units 47.9% 47.9% 48.9%Renter Occupied Housing Units 45.7% 43.6% 43.4%Vacant Housing Units 6.4% 8.5% 7.8%




Median Household Income2020 $55,451 $52,423 $45,6242025 $56,855 $54,550 $48,147

Median Home Value2020 $262,970 $274,980 $169,8232025 $292,301 $305,238 $192,258

Per Capita Income2020 $35,472 $36,026 $27,0012025 $37,245 $38,415 $28,726

Median Age2010 38.2 36.2 34.62020 40.5 37.6 35.92025 41.8 38.5 36.6

Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households. Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by all persons aged 15 years and over divided by the total population.Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography.

June 11, 2021


BCAD, Esri, HERE, Garmin, INCREMENT P, NGA, USGS0 0.8 1.6

mi

Site Map1432 Austin Hwy, San Antonio, Texas, 78209 3 Prepared by Esri1432 Austin Hwy, San Antonio, Texas, 78209 Latitude: 29.49109Rings: 1, 3, 5 mile radii Longitude: -98.43523

June 11, 2021



1 mile 3 miles 5 miles2020 Households by Income

Household Income Base 5,849 35,402 97,518<$15,000 12.6% 14.5% 15.9%$15,000 - $24,999 8.9% 9.4% 11.7%$25,000 - $34,999 9.2% 10.0% 11.1%$35,000 - $49,999 12.9% 13.8% 14.7%$50,000 - $74,999 20.8% 16.6% 17.2%$75,000 - $99,999 12.5% 10.5% 11.4%$100,000 - $149,999 12.5% 11.5% 9.5%$150,000 - $199,999 4.9% 5.6% 3.7%$200,000+ 5.6% 8.1% 4.7%

Average Household Income $79,057 $86,598 $69,6402025 Households by Income


Average Household Income $82,924 $92,216 $74,1762020 Owner Occupied Housing Units by Value

Total 2,652 16,550 46,423<$50,000 2.3% 1.9% 4.3%$50,000 - $99,999 12.4% 12.4% 20.1%$100,000 - $149,999 16.1% 14.8% 18.9%$150,000 - $199,999 5.7% 10.4% 16.8%$200,000 - $249,999 10.9% 6.6% 9.0%$250,000 - $299,999 10.0% 7.7% 5.7%$300,000 - $399,999 23.4% 15.7% 8.9%$400,000 - $499,999 6.4% 8.3% 4.4%$500,000 - $749,999 6.6% 11.2% 6.0%$750,000 - $999,999 2.1% 5.4% 2.9%$1,000,000 - $1,499,999 2.7% 3.1% 1.6%$1,500,000 - $1,999,999 1.1% 1.3% 0.6%$2,000,000 + 0.2% 1.0% 0.6%

Average Home Value $320,551 $377,970 $264,4252025 Owner Occupied Housing Units by Value

Total 2,795 17,078 48,186<$50,000 2.0% 1.6% 3.6%$50,000 - $99,999 10.7% 10.3% 16.8%$100,000 - $149,999 15.2% 13.0% 16.3%$150,000 - $199,999 3.8% 9.8% 15.7%$200,000 - $249,999 9.7% 6.3% 10.3%$250,000 - $299,999 10.3% 8.1% 6.9%$300,000 - $399,999 26.7% 17.3% 10.6%$400,000 - $499,999 7.5% 9.6% 5.7%$500,000 - $749,999 7.9% 12.5% 7.5%$750,000 - $999,999 1.9% 5.3% 3.3%$1,000,000 - $1,499,999 2.7% 3.4% 1.8%$1,500,000 - $1,999,999 1.5% 1.7% 0.8%$2,000,000 + 0.2% 1.1% 0.7%

Average Home Value $341,771 $403,255 $293,407

Data Note: Income represents the preceding year, expressed in current dollars. Household income includes wage and salary earnings, interest dividends, net rents, pensions, SSI and welfare payments, child support, and alimony. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography.

June 11, 2021



1 mile 3 miles 5 miles2020 Population 25+ by Educational AttainmentTotal 9,012 58,488 166,944

Less than 9th Grade 2.9% 5.2% 6.6%9th - 12th Grade, No Diploma 6.2% 4.9% 8.3%High School Graduate 13.1% 15.5% 20.9%GED/Alternative Credential 2.0% 3.3% 4.5%Some College, No Degree 25.6% 21.3% 21.6%Associate Degree 7.9% 7.1% 7.6%Bachelor's Degree 21.7% 25.9% 18.8%Graduate/Professional Degree 20.6% 16.9% 11.7%

2020 Population 15+ by Marital StatusTotal 10,652 71,937 204,112

Never Married 38.4% 37.6% 41.6%Married 37.9% 43.3% 40.2%Widowed 6.1% 6.4% 5.8%Divorced 17.6% 12.7% 12.4%

2020 Civilian Population 16+ in Labor ForceCivilian Population 16+ 6,651 41,996 124,425 Population 16+ Employed 89.7% 90.3% 89.7% Population 16+ Unemployment rate 10.3% 9.7% 10.3%

Population 16-24 Employed 12.2% 14.0% 13.7%Population 16-24 Unemployment rate 20.3% 15.6% 18.6%Population 25-54 Employed 58.9% 58.3% 62.7%Population 25-54 Unemployment rate 9.0% 9.2% 9.3%Population 55-64 Employed 18.9% 17.4% 15.6%Population 55-64 Unemployment rate 8.4% 7.6% 8.1%Population 65+ Employed 10.0% 10.3% 8.1%Population 65+ Unemployment rate 7.7% 6.9% 7.1%

2020 Employed Population 16+ by IndustryTotal 5,966 37,940 111,553 Agriculture/Mining 1.1% 1.4% 1.0% Construction 4.1% 7.0% 8.1% Manufacturing 2.5% 4.2% 5.1% Wholesale Trade 3.7% 3.0% 2.5% Retail Trade 7.8% 9.8% 11.1% Transportation/Utilities 5.6% 4.6% 5.6% Information 3.1% 1.9% 1.7% Finance/Insurance/Real Estate 8.0% 9.5% 8.1% Services 59.2% 54.5% 53.4% Public Administration 4.9% 4.1% 3.5%2020 Employed Population 16+ by OccupationTotal 5,964 37,940 111,553 White Collar 65.9% 67.2% 57.8% Management/Business/Financial 18.3% 18.2% 13.5% Professional 31.8% 26.8% 20.5% Sales 7.6% 11.0% 10.8% Administrative Support 8.2% 11.2% 13.0% Services 20.1% 18.3% 22.9% Blue Collar 14.0% 14.4% 19.3% Farming/Forestry/Fishing 0.0% 0.4% 0.3% Construction/Extraction 3.1% 4.3% 5.8% Installation/Maintenance/Repair 2.0% 2.2% 3.3% Production 2.7% 2.9% 3.8% Transportation/Material Moving 6.2% 4.6% 6.1%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography.

June 11, 2021



1 mile 3 miles 5 miles2020 Households by Income


Average Household Income $79,057 $86,598 $69,6402025 Households by Income


Average Household Income $82,924 $92,216 $74,1762020 Owner Occupied Housing Units by Value

Total 2,652 16,550 46,423<$50,000 2.3% 1.9% 4.3%$50,000 - $99,999 12.4% 12.4% 20.1%$100,000 - $149,999 16.1% 14.8% 18.9%$150,000 - $199,999 5.7% 10.4% 16.8%$200,000 - $249,999 10.9% 6.6% 9.0%$250,000 - $299,999 10.0% 7.7% 5.7%$300,000 - $399,999 23.4% 15.7% 8.9%$400,000 - $499,999 6.4% 8.3% 4.4%$500,000 - $749,999 6.6% 11.2% 6.0%$750,000 - $999,999 2.1% 5.4% 2.9%$1,000,000 - $1,499,999 2.7% 3.1% 1.6%$1,500,000 - $1,999,999 1.1% 1.3% 0.6%$2,000,000 + 0.2% 1.0% 0.6%

Average Home Value $320,551 $377,970 $264,4252025 Owner Occupied Housing Units by Value

Total 2,795 17,078 48,186<$50,000 2.0% 1.6% 3.6%$50,000 - $99,999 10.7% 10.3% 16.8%$100,000 - $149,999 15.2% 13.0% 16.3%$150,000 - $199,999 3.8% 9.8% 15.7%$200,000 - $249,999 9.7% 6.3% 10.3%$250,000 - $299,999 10.3% 8.1% 6.9%$300,000 - $399,999 26.7% 17.3% 10.6%$400,000 - $499,999 7.5% 9.6% 5.7%$500,000 - $749,999 7.9% 12.5% 7.5%$750,000 - $999,999 1.9% 5.3% 3.3%$1,000,000 - $1,499,999 2.7% 3.4% 1.8%$1,500,000 - $1,999,999 1.5% 1.7% 0.8%$2,000,000 + 0.2% 1.1% 0.7%

Average Home Value $341,771 $403,255 $293,407

Data Note: Income represents the preceding year, expressed in current dollars. Household income includes wage and salary earnings, interest dividends, net rents, pensions, SSI and welfare payments, child support, and alimony. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography.

June 11, 2021



1 mile 3 miles 5 miles2020 Population 25+ by Educational AttainmentTotal 9,012 58,488 166,944

Less than 9th Grade 2.9% 5.2% 6.6%9th - 12th Grade, No Diploma 6.2% 4.9% 8.3%High School Graduate 13.1% 15.5% 20.9%GED/Alternative Credential 2.0% 3.3% 4.5%Some College, No Degree 25.6% 21.3% 21.6%Associate Degree 7.9% 7.1% 7.6%Bachelor's Degree 21.7% 25.9% 18.8%Graduate/Professional Degree 20.6% 16.9% 11.7%

2020 Population 15+ by Marital StatusTotal 10,652 71,937 204,112

Never Married 38.4% 37.6% 41.6%Married 37.9% 43.3% 40.2%Widowed 6.1% 6.4% 5.8%Divorced 17.6% 12.7% 12.4%

2020 Civilian Population 16+ in Labor ForceCivilian Population 16+ 6,651 41,996 124,425 Population 16+ Employed 89.7% 90.3% 89.7% Population 16+ Unemployment rate 10.3% 9.7% 10.3%

Population 16-24 Employed 12.2% 14.0% 13.7%Population 16-24 Unemployment rate 20.3% 15.6% 18.6%Population 25-54 Employed 58.9% 58.3% 62.7%Population 25-54 Unemployment rate 9.0% 9.2% 9.3%Population 55-64 Employed 18.9% 17.4% 15.6%Population 55-64 Unemployment rate 8.4% 7.6% 8.1%Population 65+ Employed 10.0% 10.3% 8.1%Population 65+ Unemployment rate 7.7% 6.9% 7.1%

2020 Employed Population 16+ by IndustryTotal 5,966 37,940 111,553 Agriculture/Mining 1.1% 1.4% 1.0% Construction 4.1% 7.0% 8.1% Manufacturing 2.5% 4.2% 5.1% Wholesale Trade 3.7% 3.0% 2.5% Retail Trade 7.8% 9.8% 11.1% Transportation/Utilities 5.6% 4.6% 5.6% Information 3.1% 1.9% 1.7% Finance/Insurance/Real Estate 8.0% 9.5% 8.1% Services 59.2% 54.5% 53.4% Public Administration 4.9% 4.1% 3.5%2020 Employed Population 16+ by OccupationTotal 5,964 37,940 111,553 White Collar 65.9% 67.2% 57.8% Management/Business/Financial 18.3% 18.2% 13.5% Professional 31.8% 26.8% 20.5% Sales 7.6% 11.0% 10.8% Administrative Support 8.2% 11.2% 13.0% Services 20.1% 18.3% 22.9% Blue Collar 14.0% 14.4% 19.3% Farming/Forestry/Fishing 0.0% 0.4% 0.3% Construction/Extraction 3.1% 4.3% 5.8% Installation/Maintenance/Repair 2.0% 2.2% 3.3% Production 2.7% 2.9% 3.8% Transportation/Material Moving 6.2% 4.6% 6.1%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography.

June 11, 2021


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 RFM Commercial, Inc. and it should not be made available to any other person or entity without the written consent of RFM Commercial, Inc. 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 RFM Commercial, Inc.

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. RFM Commercial, Inc. 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, RFM Commercial, Inc. has not verified, and will not verify, any of the information contained herein, nor has RFM Commercial, Inc. 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.

CONFIDENTIALITY & DISCLAIMER


Exclusively Listed By:RFM Commercial, Inc.

Beverly R. Barshop210.826.0036 x290

[email protected]

Richard F. McCaleb210.826.0036 x230

[email protected]

Walmart Shadow-Anchored Retail Center

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