Vineyard Village

Vineyard Village Euless, Texas

GLADE ROAD

GLADE ROAD

GATEWAY BLVD

GATEWAY BLVD

121

WILLIAM D TATE AVENUE

CENTURIAN WAY

CENTURIAN WAYSHOPS AT

2

NOT A PARTNOT A PARTNOT A PARTNOT A PART

SHOPS AT VINEYARD VILLAGE

3020 Starbucks 1,725

A-0100 Dots 4,002

A-0200 Dollar Tree 10,003

A-0300 Party City 14,003

A-0400 Petsmart 20,103

A-0500 CompUSA 20,018

A-0600 Bed, Bath & Beyond 28,072

A-0700 Marshalls 28,000

A-0800 Ross 29,811

A-0900 Famous Footwear 7,000

A-1000 Staples 20,388

B-0100 Upscale Spa & Nails 2,500

B-0300 Available 2,421

B-0500 Mattress Giant 4,521

B-0600 Sport Clips 1,071

B-0800 San Francisco Oven 2,850

C-0100 Smoothie King 1,204

C-0300 Planet Tan 3,850

C-0500 Firehouse Subs 1,685

C-0600 Loxx Salon 1,580

C-0800 Baskin Robbins 1,212

C-0900 T-Mobile 2,500

GL-2820 Freddy's 3,545

GL-2830 Pollo Campero 3,279

GL-3040 ViewPoint Bank 4,200

Suite Tenant Size (SF) Suite Tenant Size (SF)

GATEWAY BLVD

GLAD

E RO

AD

CENT

URIO

N WAY

B-0

800

B-0

600

B-0300

B-0100

B-0500

C-0

900

C-0

300

C-0

800

C-0

600

C-0

500

C-0

100

WILLIAM D TATE AVENUE

121

8 THE PROPERTy

GLADE ROADGLADE ROAD

GATE

WAY

BLV

DGA

TEW

AY B

LVD

121

EULESS

SHOPS AT

1

2

3

SUPER TARGET

9

ALBERTSON’S

GLADE PARKFUTURE DEVELOPMENT

NO TIMETABLE

COLLEYVILLE

183

6

TOM THUMBRENT-A-CENTER

HOBBY LOBBY

1

KROGER

THE MaRkET 19Capital Markets | Investment Properties – Retail

THE OffERInG

Qualified investors are extended the opportunity to acquire a 100% fee inter-est in the Shops at Vineyard Village, a regional retail center shadow anchored by Lowe’s and LA Fitness, located in Euless, Texas. This Class A shopping center is an outstanding retail investment opportunity located in the heart of one of the four major Texas metros.

Shops at Vineyard Village provides an investor with a stable income stream bolstered by category-leading and investment-grade anchor tenants including: Staples, Ross, Marshall’s, Petsmart, Bed Bath & Beyond, CompUSA and Dollar Tree.

The property is located at the southwest corner of State Highway 121 and Glade Road. The total project encompasses 414,479 square feet of retail, while the offering includes 208,519 square feet of retail GLA, excluding Lowe’s, LA Fitness and the individual outlot buildings as shown on the site plan. The proj-ect was developed in 2007 with tenants taking initial occupancy between 2007 and 2008; it is currently 98.8% leased to national, regional and local tenants.

Investment Summary

AnchorsLowe’s (shadow), LA Fitness (shadow), Staples, Ross, Marshall’s,

Petsmart, Bed Bath & Beyond, CompUSA, Dollar Tree

In-Place NOI $2,727,848

Square Footage ±208,519

Occupancy Rate 98.8%

Year Built 2007

Land Area 23.667 acres

Price Unpriced

Debt Free and Clear

InvESTMEnT HIGHlIGHTS

Excellent Market Position: The Shops at Vineyard Village enjoys a prominent location within Dallas-Fort Worth’s central retail market and is situated along State Highway 121, a major north-south arterial. The intersection at Glade Road is accessed by over 100,000 vehicles daily. Major retailers in the area include Lowe’s, LA Fitness, SuperTarget, Wal-Mart Supercenter, Albertson’s, Hobby Lobby, Kroger and Tom Thumb. The Shops at Vineyard Village has enjoyed immediate success by providing a strong tenant lineup and a convenient shop-ping experience to an expanding, affluent residential area. The Shops at Vine-yard Village’s success is evidenced by its high-occupancy of +98% and its superior tenancy.

“Bullet-Proof” Tenant Line-up: The Property’s dominant market position has attracted a “Who’s Who” of top-tier retailers. Nationally acclaimed tenants Ross, Bed Bath & Beyond, Marshall’s, Staples, Petsmart, Party City and Dollar Tree are all #1 or #2 in their respective categories. Additionally, many of the anchor tenants have investment-grade or better credit ratings, enhancing the center’s long-term stability. Collectively, the tenants listed below account for over 81.7% of the property’s GLA and 60% of its in-place revenue.

Major Tenants

Ross BBB Stable 29,811 January 2018

Bed Bath & Beyond BBB Stable 28,072 January 2019

Marshalls A Stable 28,000 March 2018

Staples BBB Stable 20,388 February 2018

Petsmart BB Stable 20,103 July 2018

Comp USA Unrated 20,018 March 2020

Party City B- 14,003 January 2019

Dollar Tree Unrated 10,003 June 2018

The Shops at Vineyard Village is being offered without an asking price. An Offer Date will be announced by the Brokers via email.

4 ExECuTIvE SuMMaRy

Dynamic Demographics: Shops at Vineyard Village enjoys an unassailable position in the heart of the Grapevine/Colleyville Submarket, in Dallas-Fort Worth’s affluent north-central suburbs of Euless, Colleyville, Southlake and Grapevine. The center has unparalleled access to a coveted submarket that is a proven force for generating retail sales. Located near DFW airport, these sub-urbs attracted prominent businesses and their white-collar, college-educated employees seeking convenience when traveling on a weekly basis. Incomes within a three-mile radius of the property exceed $96,000 annually. The popula-tion base already exceeds 84,500 people within three-miles thanks to aggres-sive growth. From 2000-2009 the area grew at a 14.71% rate and is expected to continue to grow an additional 8.3% over the next five years. The area’s demographics are an ideal mix that supports Shops at Vineyard Village’s long-term ability to attract quality tenants and support increasing rents.

Secure Income Stream: due to the Property’s age and tenant line-up, a sub-stantial portion of the long-term income is derived from Shops at vineyard villages’ strong-credit tenants. Only 10% of the tenants roll prior to august 2017 and only 14% roll by february 2018. The Shops at vineyard village provides an investor with unparalleled stability and cash flow security.

Curb Appeal: Shops at Vineyard Village benefits from an exceptional “institu-tional” look and feel. The Property features a handsome mixed-material fascia comprised of brick and attractive EFIS that provides compelling architectural detail. Additional quality was added through landscaping, bricked walkways and streetlamps that give the Property a “small-town” charm. The Shops at

Vineyard Villages’ excellent appearance insures it will have a long-term appeal to neighboring consumers.

Superior Access, Signage and Visibility: Shops at Vineyard Village benefits from excellent access, signage and visibility. The Property has a dedicated exit ramp from State Highway 121 from both the northbound and southbound lanes. Shops at Vineyard Village can be accessed via 10 separate entrances, with 3 primary entrances along the State Highway 121 frontage road and 2 primary entrances along Glade Road. The project is served by 4 large pylon signs ensuring maximum visibility for the center and its retailers. The Shops at Vineyard Village was developed to maximize exposure to State Highway 121. The Property runs north and south along this major thoroughfare maximizing frontage and visibility. The Property’s orientation to the highway, its abundant access and its large signage insure long-term success.

No Existing Debt: Shops at Vineyard Village offering is free and clear of financ-ing, offering investors the flexibility to acquire the center all-cash or through the investors preferred capital structure.

Sales Terms: Shops at Vineyard Village is being offered on an “as-is” basis with ownership making no representations or warranties with respect to the accuracy or completeness of the offering memorandum or any and all docu-ments delivered to an acquisition prospect for the purpose of performing due diligence. Shops at Vineyard Village is being offered without an asking price.

ExECuTIvE SuMMaRy 5Capital Markets | Investment Properties – Retail

PROPERTy dETaIlS

Property Description

Total Project GLA (a) 414,479 square feet

Total Offered GLA 208,519 square feet

Anchor/Junior Anchor GLA Offered 170,398 square feet (81.7%)

Retail Shops GLA 38,121 square feet (18.3%)

Ground Leases (Pad Sites) 3

Number of Buildings Offered 7

Current Economic Occupancy 98.8%

Current Physical Occupancy 98.8%

Total Project Acreage ± 45.797 acres

Total Offered Acreage ± 23.667 acres

Parking Spaces ± 1,122

Parking Ratio ~ 5.38 per 1,000 sf

(a) Includes: Lowe’s, LA Fitness, Omni Building 3

Location

Shops at Vineyard Village2750 State Highway 121Euless, Tarrant County, Texas 76039

SWC SH 121 & Glade Road

Improvements

The Property consists of seven (7) buildings. The primary building is between Lowe’s and LA Fitness and contains 181,400 square feet. Omni Building 1, which includes T-Mobile, Baskin Robbins, Loxx Salons, Firehouse Subs, Planet Tan and Smoothie King, contains 12,031 square feet. Freddy’s Frozen Custard is 3,545. Pollo Campero is 3,279. Omni Building 2, which includes Mattress Giant, Sport Clips, San Francisco Oven, and Upscale Spa and Nails, contains 12,292 square feet. Starbucks is 1,725. Viewpoint bank is 4,200.

Acreage

CompUSA

In early 2008, CompUSA was purchased by Systemax, Inc (NYSE: SYX), a For-tune 1,000 company and computer and electronics retailer and direct marketer. Systemax also owns TigerDirect and the rights to CircuitCity.

Plats and Tax Parcels

New plats are being filed with the city for 2010 and will affect the tax parcels for 2011. The change will affect the ground lease parcels. Going forward, the ground lease tenants will be directly responsible for their taxes, rather than reimbursing the landlord.

Ingress/Egress

The Shops at Vineyard Village is accessible via 5 primary and 5 secondary ingress/egress points as outlined below:

Primary SecondaryState Highway 121 – 3 entrances Centurion Way – 2 entrancesGlade Rd – 2 entrances Gateway Blvd – 3 entrances

In-line Retail 17.409 Acres lowe’s (naP) 12.0357 Acres

Omni Bldg 1 1.4632 Acres la fitness (naP) 4.6165 Acres

freddy’s 0.8579 Acres Chili’s (naP) 0.9453 Acres

Pollo Campero 0.8414 Acres Omni Bldg 3 (naP) 2.0004 Acres

Omni Bldg 2 1.3763 Acres IHOP (naP) 0.9910 Acres

Starbucks 0.5373 Acres available land (naP) 1.5404 Acres

viewpoint Bank 1.1823 Acres

NAP: Not A Part

6 THE PROPERTy

Signage

Shops at Vineyard Village is served by four (4) large pylon signs located along State Highway 121. Three (3) of the pylon signs are part of the offering. The fourth serves Omni bldg 3 and is not a part of the sale.

Zoning

“TX-121”, the 121 Gateway District, as designated by the city of Euless, Texas.

Topography

At grade level with State Highway 121 and Glade Road

Construction Components

Structural steel frame with bitumen roof over a concrete slab foundation. Exte-rior walls are brick veneer and stucco.

Flood Plain

According to FEMA flood insurance rate map, community panel number 48439C 0215C, dated August 2, 1995, the subject is located within Zone X which is outside of a designated floodplain.

THE PROPERTy 7Capital Markets | Investment Properties – Retail