Offering Memorandum DICKER PLAZA 1901 W Dicker Dr • Pharr, TX 78577

NON-ENDORSEMENT AND DISCLAIMER NOTICE Confidentiality and Disclaimer (512) 936-3000 Non-Endorsement Notice Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporations logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. DICKER PLAZA Pharr, TX ACT ID Y0160324

INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. 11-2-2015 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 minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information 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 the 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: that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and 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. Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone Designated Broker of Firm Licensed Supervisor of Sales Agent/Associate Sales Agent/Associate’s Name Buyer/Tenant/Seller/Landlord Initials Date Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov IABS 1-0

INVESTMENT OVERVIEW 01 FINANCIAL ANALYSIS 02 MARKET OVERVIEW 03 DICKER PLAZA TABLE OF CONTENTS SECTION INVESTMENT OVERVIEW 01 Offering Summary Regional Map Local Map Aerial Photo FINANCIAL ANALYSIS 02 Tenant Summary Lease Expiration Chart Operating Statement Notes Pricing Detail Acquisition Financing MARKET OVERVIEW 03 Demographic Analysis

DICKER PLAZA INVESTMENT OVERVIEW

# DICKER PLAZA EXECUTIVE SUMMARY OFFERING SUMMARY MAJOR EMPLOYERS VITAL DATA YEAR 1 YEAR 2 Price $1,090,000 CAP Rate 7.97% 8.13% Loan Amount $763,000 Net Operating Income $86,822 $88,573 Loan Type Proposed New Net Cash Flow After Debt Service 10.51% / $34,358 11.04% / $36,109 Interest Rate / Amortization 4.80% / 25 Years Total Return 15.46% / $50,551 16.24% / $53,096 Gross Leasable Area (GLA) 7,252 SF Price/SF $150.30 Current Occupancy 85.71% Year Built / Renovated 2016 Lot Size 0.64 acre(s) MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES TST NA Trim Llc 3,000 Panasonic Industrial Devices 2,800 South Texas Health System 2,516 Retama Mnor Nrsing Cntr/Mcllen 1,861 Johnson Controls 900 TRW Automotive Inc 750 McAllen P&Rs Service Center 575 Lenix Office & Gen Sups LLC 500 West Corporation ITW EF&c Mexico- US Trading 459 Cinch Connectors 350 County of Hidalgo 310 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2017 Estimate Pop 10,407 43,256 86,527 2010 Census Pop 9,702 38,427 77,753 2017 Estimate HH 2,369 10,183 24,102 2010 Census HH 2,205 8,994 21,373 Median HH Income $24,429 $29,634 $34,916 Per Capita Income $8,313 $10,011 $15,477 Average HH Income $36,523 $42,489 $55,354 MAJOR TENANTS TENANT GLA LEASE EXPIRATION LEASE TYPE #

DICKER PLAZA INVESTMENT OVERVIEW OFFERING SUMMARY Healthcare is huge asset in this area with the population continuously growing many people are drawn to the multitude of jobs offered. This includes but is not limited to the many hospitals such as Rio Grande Regional Hospital, McAllen Medical Center and McAllen Heart Hospital. Strategically Located Off of Major Thoroughfare of Jackson Road INVESTMENT HIGHLIGHTS

DICKER PLAZA PROPERTY SUMMARY OFFERING SUMMARY THE OFFERING Property Price $1,090,000 Property Address 1901 W Dicker Dr, Pharr, TX SITE DESCRIPTION Year Built/Renovated 2016 Gross Leasable Area 7,252 SF Lot Size 0.64 acre(s) PROPOSED FINANCING First Trust Deed Loan Amount $763,000 Loan Type Proposed New Interest Rate 4.80% Amortization 25 Years Loan Term 10 Years Loan to Value 70% Debt Coverage Ratio 1.65

DICKER PLAZA REGIONAL MAP

DICKER PLAZA LOCAL MAP

DICKER PLAZA AERIAL PHOTO

DICKER PLAZA FINANCIAL ANALYSIS

DICKER PLAZA TENANT SUMMARY FINANCIAL ANALYSIS

DICKER PLAZA TENANT SUMMARY FINANCIAL ANALYSIS 12

DICKER PLAZA OPERATING STATEMENT FINANCIAL ANALYSIS

DICKER PLAZA PRICING DETAIL FINANCIAL ANALYSIS

MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIES WHY MMCC? DICKER PLAZA ACQUISITION FINANCING MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIES MMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and terms. We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing options. Our dedicated, knowledgeable experts understand the challenges of financing and work tirelessly to resolve all potential issues to the benefit of our clients. WHY MMCC? Optimum financing solutions to enhance value Our ability to enhance buyer pool by expanding finance options Our ability to enhance seller control Through buyer qualification support Our ability to manage buyers finance expectations Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file Closed 1,707 debt and equity financings in 2017 National platform operating within the firm’s brokerage offices $5.63 billion total national volume in 2017 Access to more capital sources than any other firm in the industry

DICKER PLAZA MARKET OVERVIEW

PROPERTY NAME DICKER PLAZA DEMOGRAPHICS MARKETING TEAM Created on October 2018 DEMOGRAPHICS MARKETING TEAM POPULATION 1 Miles 3 Miles 5 Miles 2022 Projection Total Population 12,243 49,322 96,317 2017 Estimate 10,407 43,256 86,527 2010 Census 9,702 38,427 77,753 2000 Census 5,704 22,238 51,828 Current Daytime Population 4,804 32,827 98,837 HOUSEHOLDS Total Households 2,878 12,077 27,561 2,369 10,183 24,102 Average (Mean) Household Size 4.29 4.11 3.51 2,205 8,994 21,373 1,188 4,867 13,922 Occupied Units 2,495 10,793 27,132 HOUSEHOLDS BY INCOME $150,000 or More 1.39% 1.94% 4.95% $100,000 - $149,000 2.47% 4.50% 6.50% $75,000 - $99,999 4.23% 6.47% 7.77% $50,000 - $74,999 12.31% 14.33% 15.43% $35,000 - $49,999 17.58% 15.33% 15.26% Under $35,000 62.04% 57.42% 50.09% Average Household Income $36,523 $42,489 $55,354 Median Household Income $24,429 $29,634 $34,916 Per Capita Income $8,313 $10,011 $15,477 HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles Total Average Household Retail Expenditure $38,079 $43,383 $48,993 Consumer Expenditure Top 10 Categories Housing $10,790 $11,942 $13,369 Transportation $8,556 $9,496 $10,215 Shelter $5,806 $6,375 $7,064 Food $4,324 $4,926 $5,444 Utilities $2,920 $3,181 $3,456 Health Care $2,293 $2,677 $3,286 Personal Insurance and Pensions $2,232 $2,848 $3,541 Entertainment $1,224 $1,451 $1,763 Household Furnishings and Equipment $1,039 $1,196 $1,450 Apparel $1,012 $1,137 $1,260 POPULATION PROFILE Population By Age 2017 Estimate Total Population 10,407 43,256 86,527 Under 20 43.34% 40.99% 36.43% 20 to 34 Years 20.68% 20.52% 20.38% 35 to 39 Years 7.09% 6.95% 6.70% 40 to 49 Years 11.19% 11.97% 11.71% 50 to 64 Years 11.14% 11.89% 13.02% Age 65+ 6.57% 7.69% 11.76% Median Age 23.86 25.64 29.66 Population 25+ by Education Level 2017 Estimate Population Age 25+ 5,034 21,998 48,482 Elementary (0-8) 28.83% 23.15% 19.64% Some High School (9-11) 15.50% 15.25% 13.12% High School Graduate (12) 23.65% 25.63% 23.96% Some College (13-15) 14.68% 15.01% 17.50% Associate Degree Only 3.01% 3.26% 4.10% Bachelors Degree Only 7.25% 9.52% 12.43% Graduate Degree 1.47% 2.58% 4.53% Source: © 2017 Experian

DICKER PLAZA PROPERTY NAME DEMOGRAPHICS MARKETING TEAM Population Race and Ethnicity In 2017, the population in your selected geography is 10,407. The population has changed by 82.45% since 2000. It is estimated that the population in your area will be 12,243.00 five years from now, which represents a change of 17.64% from the current year. The current population is 48.10% male and 51.90% female. The median age of the population in your area is 23.86, compare this to the US average which is 37.83. The population density in your area is 3,317.36 people per square mile. People of Hispanic origin make up 98.49% of the current year population in your selected area. Compare this to the US average of 17.88%. Households Housing There are currently 2,369 households in your selected geography. The number of households has changed by 99.41% since 2000. It is estimated that the number of households in your area will be 2,878 five years from now, which represents a change of 21.49% from the current year. The average household size in your area is 4.29 persons. The median housing value in your area was $78,743 in 2017, compare this to the US average of $193,953. In 2000, there were 923 owner occupied housing units in your area and there were 265 renter occupied housing units in your area. The median rent at the time was $240. Income Employment The current year per capita income in your area is $8,313, compare this to the US average, which is $30,982. The current year average household income in your area is $36,523, compare this to the US average which is $81,217. In 2017, there are 864 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 37.76% of employees are employed in white-collar occupations in this geography, and 62.80% are employed in blue-collar occupations. In 2017, unemployment in this area is 10.50%. In 2000, the average time traveled to work was 23.00 minutes. Source: © 2017 Experian

DICKER PLAZA 8 DEMOGRAPHICS