Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Laredo Crossing Shopping Center4415 U.S. Highway 83, Laredo, TX 78046

1CONFIDENTIAL OFFERING MEMORANDUM

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

TABLE OF CONTENTS

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Masahiko Kamata, CCIM, CPAAssociate BrokerInvestment Sales and Tenant Representation(210) 366-1400 Ext. 118 | mkamata@rohderealty.comRohde Ottmers Siegel Realty is not a CPA firm.

Presented by Rohde Ottmers & Siegel RealtyWe are a Texas company. Alfred W. Rohde, Sr. planted our roots here over a century ago. As San Antonio and South Texas grew, so did we. Today, we are the oldest and most trusted name in Commercial Real Estate in San Antonio and South Texas. That trust has been earned not just through our knowledge of the market, its dynamics and retail potential but, also, because of our character.

INVESTMENT SUMMARY……..……..……….............

EXECUTIVE SUMMARY………..………..…................

PROPERTY INFORMATION

LOCATION MAP………………………………………..AREA MAP…………………..………………….............AERIAL…………....……..………………………………DEMOGRAPHICS...…………………………………….TENANT PROFILES…...………………………………..RENT ROLL…...……………………………...…………

THE LAREDO MARKET…………………….................

DISCLOSURES & DISCLAIMER……....………………

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8-910-11

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Bryan F. OttmersExecutive Vice PresidentDevelopment/Construction, Investments & Land Sales(210) 366-1400 Ext. 103 | bfottmers@rohderealty.com

Rohde Ottmers & Siegel Realty | 11503 NW Military Hwy, Suite 330 | San Antonio | TX 78231

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Investment Summary

As exclusive advisors to the Seller, Rohde, Ottmers & Siegel Realty is

pleased to present this outstanding investment opportunity to acquire

Laredo Crossing Shopping Center, a 15,000-square-foot, one-story

multi-tenant retail center located at 4415 U.S. Highway 83, Laredo,

Texas (the “Property”).

The Property presents investors with an opportunity to own a well-

located Walmart shadow-anchored center. Other pad users include

Burger King, Peter Piper Pizza, Murphy USA and Melrose Family

Fashions, generating the synergy to bring traffic to the Property.

The Property was constructed in 2006 and is currently 86.67%

leased. Sixty-three percent of the Property’s existing tenants has

been leasing their space for over 12 years, making this property

stabilized, yet offering value-add opportunity through further

increasing occupancy.

PROPERTY HIGHLIGHTS

• Sale Price: $4,206,000

• 15,000 SF multi-tenant retail center

• Walmart shadow-anchored with other pad users such as Burger King, Peter Piper Pizza, Murphy USA

• 86.67% leased

• National, regional and local credit tenants

• 100% NNN Leases

• Average daily traffic volume: 34,400 vehicles per day (Q1 2019) on US Hwy 83 South

• Pylon signage visible from both directions on US Hwy 83 South

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Laredo Crossing Shopping CenterLocated on U.S. Hwy 83 (Zapata Hwy) at La Pita Mangana Rd.

TENANT HIGHLIGHTS

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

PROPERTY DESCRIPTION

Name: Laredo Crossing Shopping Center

Address:4415 U.S. Highway 83Laredo, Texas 78046Webb County

Legal Description: WALMART-LAREDO, BLOCK 1, LOT 4

Product Type: Retail

Tenancy: Multi Tenant

Building Area: 15,000 SF per Rent Roll

Land Area:1.22 Acres / 53,143 SF per Webb CAD

Year of Construction:

2006

Occupancy: 86.67%

Parking Ratio:73 Surface Parking Spaces4.86/1,000

Stories: One (1)

Zoning: B-3

Executive Summary

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INVESTMENT INFORMATION

Sale Price: $4,206,000

Year 1 NOI: $294,400

Cap Rate: 7.00%

Price per SF: $280.38

FIRST-YEAR ANNUAL OPERATING DATA*

Income**

Rental Income $314,080

Expense Reimbursements 97,863

TOTAL OPERATING INCOME 411,943

Expenses***UtilitiesMaintenance & RepairsContract ServicesAdministrativeReal Estate TaxesInsuranceProperty Management Fees

16,84712,03617,945

4,38445,679

8,652 12,000

TOTAL OPERATING EXPENSES 117,543

NET OPERATING INCOME $294,400

* Analysis period: 1/1/2020 – 12/31/2020** Including only executed, in-place leases. Pass-throughs are annualized per current RR.*** 3% increase over Annualized YTD October 2019 on all expense items with some exceptions. Property management fee is fixed at current contractual rate of $1,000 per month.

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Location Map

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Laredo Crossing Shopping Center

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Area Map

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Laredo Crossing Shopping Center

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Aerial

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Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Demographics

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4415 U.S. Highway 83, Laredo, Texas 78046

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Demographics - Continued

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4415 U.S. Highway 83, Laredo, Texas 78046

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

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Tenant Profiles

Laredo Texas Hospital Co, LP

Suite 100 | www.laredocareclinics.com | 2 Locations

Laredo CareClinic offers walk-in services when you experience minor illnesses or injuries or when you are not able to visit with your primary-care provider.

Alianza Enterprises

Suite 200 | www.justacutsalons.com | 29+ Locations

Just-a-Cut opened its first location in McAllen, TX in 1988 and has been growing since. With over 29 locations across the Rio Grande Valley, as well as North of the Valley, they have become the R.G.V's largest hair salon chain. Their focus has always been to provide an affordable, quality and efficient haircut in a family friendly environment.

Laredo Wings II, Inc.

Suite 300 | www.wingstop.com | 80+ Locations

The operator is a franchisee of Wingstop with over 80 locations in Texas and Arizona. Wingstop first opened shop in ’94 and saw the opening of their first franchised Wingstop location in 1997. They currently have over 1,250 locations in 10 global markets.

Subway Real Estate Corp

Suite 400 | www.subway.com | 40,000 Locations Globally

The story of the Subway brand started more than 50 years ago when Dr. Peter Buck, a nuclear physicist, changed the life of a college student with a few simple words, “Let’s open a submarine sandwich shop.” Today, the SUBWAY® brand is the world's largest submarine sandwich chain with more than 40,000 locations around the world.

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

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Tenant Profiles

Oportun, Inc.

Suite 500 | www.oportun.com | 320+ Locations

Oportun is a high-growth, mission-driven CDFI and provider of inclusive, affordable financial. Oportun serves customers online, over the phone, or in person in English and Spanish in the following 12 states: Arizona, California, Florida, Idaho, Illinois, Missouri, Nevada, New Jersey, New Mexico, Texas, Utah, and Wisconsin.

Game Stop, Inc.

Suite 600 | www.gamestop.com | 5,800 Locations GameStop is the world’s largest video game retailer. Through GameStop’s unique buy-sell-trade program, gamers can trade in video game consoles, games, and accessories, as well as consumer electronics for cash or in-store credit. The retailer operates 5,800 locations around across 14 countries under the GameStop, EB Games and Micromania retail brands.

Sally Beauty Supply, LLC

Suite 700 | www.sallybeauty.com | 5,000+ Locations

Sally Beauty Supply began as one store in New Orleans in 1964. Today, Sally Beauty is the world’s largest retailer of professional beauty supplies, and the company sells and distributes through 5,089 stores, including 179 franchised units.

Mobility, LLC

Suite 800A | www.att.com

AT&T Communications provides mobile, broadband, video and other communications services to U.S.-based consumers and nearly 3 million companies globally – from the smallest business to nearly all the Fortune 1000 – with highly secure, smart solutions. Revenues from these services totaled more than $144 billion in 2018. Mobility, LLC is an AT&T authorized retailer.

Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Suite Tenant RSF Pro Rata %Monthly Base

RentAnnualized Rent

AnnualRent/SF

LeaseType

Notes (PSF = PSF/Year)

100Laredo Texas Hospital Co, LP

2,550 17.00% $5,312.50 $63,750.00 $25.00 NNN One 5-year option to renew at $26.50 PSF.

200 Alianza Enterprises 1,400 9.33% $2,566.67 $30,800.04 $22.00 NNNBase rent increase: 6/1/2020 at $24.20 PSF. One 3-year option to renew at prevailing market rate.

300 Laredo Wings II, Inc. 1,750 11.67% $3,697.97 $44,375.64 $25.36 NNNBase Rent Increase: 10/1/2020 at $26.60 PSF. One 5-year option to renew at $28.05 PSF. Base rent increase: 10/1/2025 at $29.60 PSF.

400Subway Real Estate Corp

1,540 10.27% $3,571.52 $42,858.24 $27.83 NNNThree 5-year options to renew. Currently #2 of 3 terms. Term #3: 3/1/2022 at market rate not to exceed 10% over previous term.

500 Oportun, Inc. 1,110 7.40% $1,850.00 $22,200.00 $20.00 NNN

Base rent increase 1/1/2022 at $22 PSF. Two 5-year options to renew at $24.20 PSF (Term #1) and $26.62 PSF (Term #2). May terminate after 24 months beginning 1/1/2021 with a 120-day written notice.

600 Game Stop, Inc. 1,750 11.67% $3,390.63 $40,687.56 $23.25 NNNEarly 2-year option Term #1 executed beginning 2/1/2020 at $23.00 PSF with 1-month rent abatement. Term #2: 2/1/2022 at $23.49.

700Sally Beauty Supply LLC

1,400 9.33% $2,964.50 $35,574.00 $25.41 NNN One 5-year option to renew at $27.95 PSF.

800A Mobility, LLC 1,500 10.00% $2,937.50 $35,250.00 $23.50 NNNTwo 5-year options to renew. Term #1: $25.85 PSF. Term #2: $28.43 PSF.

800B Vacant 2,000 13.33% - - - - Quoted Rate: $23 PSF

Total 15,000 100.00% $26,291.29 $315,495.48 $21.03

Vacancy 2,000 SF 13.33%

Rent Roll

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Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

The Laredo MarketOriginally settled by the Spaniards in 1755, Laredo/Nuevo Laredo became the first “official” Port of Entry on the U.S./Mexico border in 1851. Now, the Laredo Customs District handles more trade than the ports of Southern California, Arizona, New Mexico and West Texas combined.

Generating more than $214 Billion in trade, the Port of Laredo is the Number One Inland Port on the U.S.-Mexico border, ranking number Three Custom District in the U.S. by value of shipment and generating over $303 Billion in international trade. In addition, the Port of Laredo is the nation’s Number One land border gateway by value of imports and exports, ranking first in the nation in 2017, transported across the border by highways, railroads and pipelines.

Laredo is the only U.S./Mexico border city strategically positioned at the convergence of all land transportation systems. Mexico’s principal highway and railroad leading from Central America through Mexico City, Saltillo and Monterrey, the industrial heart of Mexico, converge at Laredo to meet two major U.S. rail lines, Inter-state 35 and other roads which fan outwards to the urban centers and seaports of Texas and beyond to Northern States and Canadian Provinces including Illinois, Michigan, New York and Ontario.

For the last several years, Mexico’s economic reforms, increased U.S./Mexico trade and cross border production sharing combined to spur Laredo’s growth as never before. As the fastest growing city east of the Rocky Mountains and the most competitive NAFTA crossing, Laredo’s bright economic future is vibrant. – Laredo Economic Development Foundation

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Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Information About Brokerage Services

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Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

This Offering Memorandum has been prepared by Rohde, Ottmers & Siegel Realty, Inc. for use by a limited number of parties and does notnecessarily purport to provide an accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by Brokerand designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the controlof Broker and Owner, and therefore are subject to variation. No representation is made by Broker or Owner as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as tothe future performance of the Property. Although the information contained herein is believed to be correct, Broker and Owner and itsemployees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, theOffering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandumdoes not constitute a representation that there has not been a change in the business or affairs of the Property or Owner since the date ofpreparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely theresponsibility of the prospective Purchaser.

Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers regarding the Property and/orterminate discussions with any entity at any time with or without notice. Neither the Offering Memorandum, nor any offer or inquiry made byany entity reviewing the Offering Memorandum, nor any negotiations or discussions among Owner, Broker or any such entity, shall be deemedto create a binding contract between Owner and such entity. If Owner accepts an offer made by any such entity, it is expected that a writtencontract for the purchase of the Property will be negotiated between the parties. All legal rights and obligations between such entity, on theone hand, and Owner, on the other hand, will come into existence only when such a purchase contract is fully executed, delivered andapproved by owner and its legal counsel, and any conditions to Owner’s obligations there under have been satisfied or waived, and the legalrights and obligations of the parties shall at that time be only those which are set forth in the purchase contract and other documentsspecifically referred to in the purchase contract.

This Offering Memorandum and the contents, except information which is a matter of public record or is provided in sources available to thepublic, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence,that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity(except to outside advisors retained by you if necessary, for your determination of whether or not to make a proposal and from whom youobtained an agreement of confidentiality) without the prior written authorization of Owner, and that you will not use the Offering Memorandumor any of the contents in any fashion or manner detrimental to the interest of Owner or Broker.

If you no longer have an interest at this time, please return the Offering Memorandum forthwith.

Disclaimer

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Although Rohde, Ottmers & Siegel Realty, Inc., the broker, has used reasonable care in obtaining data and making projections based upon that data, the information contained herein is submitted without representation nor warranty. All information is subject to errors, omissions, price change, changes in terms and conditions, prior sale or lease, withdrawal from the market without notice, and other events beyond the control of the broker.

Laredo Crossing Shopping Center4415 U.S. Highway 83, Laredo, TX 78046

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PRESENTED BY:

Masahiko Kamata, CCIM, CPAAssociate BrokerInvestment Sales and Tenant Representation(210) 366-1400 Ext. 118 | mkamata@rohderealty.comRohde Ottmers Siegel Realty is not a CPA firm.

Bryan F. OttmersExecutive Vice PresidentDevelopment/Construction, Investments & Land Sales(210) 366-1400 Ext. 103 | bfottmers@rohderealty.com