1. CONWAY PARK PLAZA Market Positioning and Pricing Analysis
4010 N Conway Ave • Mission, TX 78573

2. NON-ENDORSEMENT AND DISCLAIMER NOTICE
Non-Endorsements
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 corporation's 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.
Disclaimer
(512)
CONWAY PARK PLAZA
Mission, TX
ACT ID Y

3. PRESENTED BY Mike Moffitt Jr First Vice President Investments
Associate Member - National Retail Group
Austin Office
Tel: (512)
Fax: (512)
License: TX
Ross Hendrickson
Associate
Austin Office
Tel: (512)
Fax: (512)
License: TX

4. THE MARCUS & MILLICHAP ADVANTAGE 05
CONWAY PARK PLAZA
TABLE OF CONTENTS
SECTION
SECTION
INVESTMENT OVERVIEW 01
Regional Map
Local Map
Aerial Photo
FINANCIAL ANALYSIS 02
Tenant Summary
Lease Expiration Chart
Operating Statement
Notes
Pricing Detail
Proposal Price
MARKET COMPARABLES 03
Comparable Shopping Centers
MARKET OVERVIEW 04
Market Analysis
Demographic Analysis
THE MARCUS & MILLICHAP ADVANTAGE 05
MARKETING TEAM 06
Organizational Chart
Bio Page
MARKETING PLAN 07
STRATEGIC OWNERSHIP ANALYSIS 08
Ownership Options

5. CONWAY PARK PLAZA
INVESTMENT
OVERVIEW

6. EXECUTIVE SUMMARY
Conway Park Plaza is a 5,936 square foot neighborhood shopping center located in McAllen- Edinburg, Texas. The property is 100% leased to a complementary mix of tenants including Metro PCS, Royal nails, Muscle Shakes & Karate Tiger. Conway Park Plaza is located along N. Conway Ave.
The retail corridor surrounding Conway Park Plaza consists of many national restaurant brands as including, Burger King, Pizza Hut, Applebee's, Jack in the Box, Church's Chicken to list a few.
Conway Park Plaza is located in the center of all the action surrounded on both sides by the biggest national ad local retail brands including Walmart, Walgreens, H-E-B, Dollar Tree, Ross among others.
Conway Park Plaza is located in McAllen which is a part of the Rio Grande Valley. This distinct southern region of Texas is comprised of four counties with an estimated population of 1,305,782 according to the 2012 U.S. Census Bureau. The warm weather of the Rio Grande Valley attracts a large number of retirees from the Northern United States and Canada (Winter Texans) during the winter months. The abundance of great shopping opportunities attracts Mexican Nationals throughout the year. Beach lovers and sports fishermen are drawn to South Padre Island, Port Isabel, and Port Mansfield on the Gulf Coast. Bird watchers can watch a wide variety of exotic birds at one of the nine World Birding Centers locations throughout the Rio Grande Valley.
Overall, Conway Park Plaza benefits from a complimentary tenant mix in a dense and heavily-trafficked area of the Rio Grande Valley. With fundamentally sound positioning along N. Conway Ave, the Property offers attractive in-place cash flow, and solid traffic counts. 6

7. CONWAY PARK PLAZA
REGIONAL MAP

8. CONWAY PARK PLAZA
LOCAL MAP

9. CONWAY PARK PLAZA
AERIAL PHOTO

10. CONWAY PARK PLAZA
FINANCIAL
ANALYSIS

11. CONWAY PARK PLAZA
TENANT SUMMARY
FINANCIAL ANALYSIS

12. CONWAY PARK PLAZA
TENANT SUMMARY
FINANCIAL ANALYSIS 12

13. CONWAY PARK PLAZA
OPERATING STATEMENT
FINANCIAL ANALYSIS

14. CONWAY PARK PLAZA
NOTES
FINANCIAL ANALYSIS

15. CONWAY PARK PLAZA
PRICING DETAIL
FINANCIAL ANALYSIS

16. CONWAY PARK PLAZA
PROPOSAL PRICE
FINANCIAL ANALYSIS

17. CONWAY PARK PLAZA
MARKET
COMPARABLES

18. COMPARABLE SHOPPING CENTERS
CONWAY PARK PLAZA
CONWAY PARK PLAZA
(SUBJECT)
409 N Bryan Rd
1600 N Conway Ave
Commercial Plaza-Mission TX #2
Alton Plaza
Palmhurst Plaza 8
COMPARABLE SHOPPING CENTERS 1 2 3 4 4 5 7 8 9 10 11 12 13 14 15 16 17 18 20

19. AVERAGE OCCUPANCY 19 CONWAY PARK PLAZA PROPERTY NAME
COMPARABLE SHOPPING CENTERS
AVERAGE OCCUPANCY 19

20. AVERAGE RENT PER SQUARE FOOT
CONWAY PARK PLAZA
PROPERTY NAME
COMPARABLE SHOPPING CENTERS
AVERAGE RENT PER SQUARE FOOT 20

21. COMPARABLE SHOPPING CENTERS MARKETING TEAM
CONWAY PARK PLAZA
PROPERTY NAME
COMPARABLE SHOPPING CENTERS
MARKETING TEAM
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
Total GLA
Available SF
Asking Rent/SF
5,879 SF
0 SF
$1.28
YEAR BUILT: 2015
CONWAY PLAZA
4010 N Conway Ave, Mission, TX, 78573
OCCUPANCY: 91% | YEAR BUILT: 2005
Total GLA
Available SF
Asking Rent/SF
16,500 SF
1,500 SF
$14.40 1
409 N BRYAN RD
409 N Bryan Rd, Mission, TX, 78572
OCCUPANCY: 85% | YEAR BUILT: 2001
Total GLA
Available SF
Asking Rent/SF
17,571 SF
2,713 SF
$13.00 2
1600 N CONWAY AVE
1600 N Conway Ave, Mission, TX, 78572

22. COMPARABLE SHOPPING CENTERS MARKETING TEAM
CONWAY PARK PLAZA
PROPERTY NAME
COMPARABLE SHOPPING CENTERS
MARKETING TEAM
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
OCCUPANCY: 81% | YEAR BUILT: 2009
Total GLA
Available SF
Asking Rent/SF
11,990 SF
2,278 SF
$12.00 3
COMMERCIAL PLAZA-MISSION TX #2
302 W Griffin Pkwy, Mission, TX, 78572
OCCUPANCY: 83% | YEAR BUILT: 2016
Total GLA
Available SF
Asking Rent/SF
6,750 SF
1,135 SF
$24.00 4
ALTON PLAZA
301 S Alton Blvd, Alton, TX, 78573
OCCUPANCY: 100% | YEAR BUILT: 2007
Total GLA
Available SF
Asking Rent/SF
11,580 SF
1,400 SF
$15.00 5
PALMHURST PLAZA
155 W Mile 3 Rd, Palmhurst, TX, 78573

23. CONWAY PARK PLAZA
MARKET
OVERVIEW

24. 2017 MEDIAN HOUSEHOLD INCOME:
CONWAY PARK PLAZA
MCALLEN-EDINBURG-MISSION
OVERVIEW
The McAllen-Edinburg-Mission metro is located 250 miles south of San Antonio near the Texas-Mexico border and encompasses Hidalgo County. The metro’s proximity to Mexico makes trade and logistics important drivers of the local economy. The University of Texas, Rio Grande Valley has facilities in Edinburg, McAllen and Weslaco. The Rio Grande River also runs through the area, providing recreational opportunities for locals and visitors.
METRO HIGHLIGHTS
LOGISTICS INDUSTRY
McAllen’s location on the Texas-Mexico border has turned the area into a trade hub. As a result, several logistics companies are located here.
HEALTHCARE
The metro has a strong healthcare sector, making up roughly 32 percent of total employment.
HOMEOWNERSHIP
The relatively affordable cost of homeownership in McAllen affords nearly 70 percent of all households to own homes.
ECONOMY
The metro has a diverse employment base, including sectors such as healthcare, retail and trade. The healthcare sector is a significant part of the economy as several large hospitals are located in the area, including Rio Grande Regional Hospital, McAllen Medical Center and McAllen Heart Hospital.
GE Aviation and Royal Technologies Corp. have major manufacturing facilities in the metro, supplying hundreds of jobs.
South Texas College is also located within McAllen. It regularly receives grants to provide equipment upgrades and manufacturing training to local residents. Texas A&M University is planning to open a satellite campus in the new master-planned community of Tres Lagos.
DEMOGRAPHICS
2017 POPULATION:
2017 HOUSEHOLDS:
2017 MEDIAN AGE:
2017 MEDIAN HOUSEHOLD INCOME:
858K
242K
29.2
$35,000
Growth *:
Growth *:
U.S. Median:
U.S. Median:
37.8
$56,300
8.8%
11.3%
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau 1

25. PROPERTY NAME CONWAY PARK PLAZA DEMOGRAPHICS MARKETING TEAM
Created on September 2018
DEMOGRAPHICS
MARKETING TEAM
POPULATION
1 Miles
3 Miles
5 Miles
2022 Projection
Total Population
4,321
77,783
202,629
2017 Estimate
4,520
72,187
185,986
2010 Census
3,821
64,609
167,486
2000 Census
3,393
46,967
121,133
Current Daytime Population
3,894
66,200
172,760
HOUSEHOLDS
Total Households
1,147
21,973
58,861
1,170
19,880
52,938
Average (Mean) Household Size
3.59
3.49
979
17,633
47,332
855
12,601
33,590
Occupied Units
1,318
21,578
59,090
HOUSEHOLDS BY INCOME
$150,000 or More
8.04%
5.68%
5.41%
$100,000 - $149,000
10.84%
8.18%
$75,000 - $99,999
9.19%
9.12%
9.29%
$50,000 - $74,999
17.46%
18.68%
16.99%
$35,000 - $49,999
17.51%
14.72%
15.23%
Under $35,000
36.97%
43.75%
44.90%
Average Household Income
$72,194
$60,022
$58,502
Median Household Income
$45,694
$40,593
$39,302
Per Capita Income
$18,682
$16,535
$16,685
HOUSEHOLDS BY EXPENDITURE
1 Miles
3 Miles
5 Miles
Total Average Household Retail Expenditure
$59,944
$54,632
$53,717
Consumer Expenditure Top 10 Categories
Housing
$15,545
$14,492
$14,310
Transportation
$12,265
$11,451
$11,184
Shelter
$8,200
$7,659
$7,569
Food
$6,689
$6,163
$6,044
Personal Insurance and Pensions
$4,789
$4,252
$4,147
Utilities
$3,968
$3,724
$3,681
Health Care
$3,960
$3,556
$3,559
Entertainment
$2,160
$1,957
$1,930
Household Furnishings and Equipment
$1,720
$1,578
$1,559
Cash Contributions
$1,517
$1,352
$1,360
POPULATION PROFILE
Population By Age
2017 Estimate Total Population
4,520
72,187
185,986
Under 20
35.44%
36.72%
35.92%
20 to 34 Years
20.33%
20.87%
20.49%
35 to 39 Years
5.94%
6.51%
6.50%
40 to 49 Years
12.13%
12.55%
12.54%
50 to 64 Years
15.63%
13.84%
13.57%
Age 65+
10.54%
9.50%
10.98%
Median Age
29.94
29.05
29.91
Population 25+ by Education Level
2017 Estimate Population Age 25+
2,549
40,007
104,789
Elementary (0-8)
13.81%
16.84%
16.98%
Some High School (9-11)
14.88%
14.50%
14.12%
High School Graduate (12)
21.35%
22.13%
22.98%
Some College (13-15)
16.29%
17.53%
17.59%
Associate Degree Only
7.28%
5.99%
5.51%
Bachelors Degree Only
18.43%
14.18%
14.48%
Graduate Degree
4.45%
4.58%
4.68%
Source: © 2017 Experian

26. CONWAY PARK PLAZA PROPERTY NAME DEMOGRAPHICS MARKETING TEAM Population
Race and Ethnicity
In 2017, the population in your selected geography is 4,520. The population has changed by 33.22% since It is estimated that the population in your area will be 4, five years from now, which represents a change of -4.40% from the current year. The current population is 48.87% male and 51.13% female. The median age of the population in your area is 29.94, compare this to the US average which is The population density in your area is 1, people per square mile.
People of Hispanic origin make up 90.54% of the current year population in your selected area. Compare this to the US average of 17.88%.
Households
Housing
There are currently 1,170 households in your selected geography. The number of households has changed by 36.84% since It is estimated that the number of households in your area will be 1,147 five years from now, which represents a change of -1.97% from the current year. The average household size in your area is 3.59 persons.
The median housing value in your area was $104,233 in 2017, compare this to the US average of $193,953. In 2000, there were 690 owner occupied housing units in your area and there were 165 renter occupied housing units in your area. The median rent at the time was $353.
Income
Employment
The current year per capita income in your area is $18,682, compare this to the US average, which is $30,982. The current year average household income in your area is $72,194, compare this to the US average which is $81,217.
In 2017, there are 1,569 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 47.77% of employees are employed in white-collar occupations in this geography, and 49.09% are employed in blue-collar occupations. In 2017, unemployment in this area is 3.40%. In 2000, the average time traveled to work was minutes.
Source: © 2017 Experian

27. CONWAY PARK PLAZA 8
DEMOGRAPHICS

28. CONWAY PARK PLAZA
STRATEGIC OWNERSHIP OPTIONS
FINANCIAL ANALYSIS 12

29. 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.
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.
Marcus & Millichap
Licensed Broker /Broker Firm Name or Primary Assumed Business Name
License No.
Phone
Tim A. Speck
432723
Designated Broker of Firm
Craig R. Swanson
538612
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
IABS 1-0

30. PRESENTED BY www.MarcusMillichap.com Mike Moffitt Jr
First Vice President Investments
Associate Member - National Retail Group
Austin Office
Tel: (512)
Fax: (512)
License: TX
Ross Hendrickson
Associate
Austin Office
Tel: (512)
Fax: (512)
License: TX