CONN'S HOMEPLUS - LoopNet › d2 › BC3yj6GaW0uOMF0mU96FXpFw... · 2018-02-21 · edge realty...

50,336 SF SINGLE-TENA N T

A BSOLUTE N ET LEA SE

IN V ESTMEN T OPPORT U NIT Y

CONN'S HOMEPLUSN WQ S A M R AY BU R N TOL LWAY & I N T ER STAT E 35

L E W ISV I L L E , T E X A S

E XCLUSI V E L IST I NG BROK ER S

5950 Berkshire Lane, Suite 700 Dallas, Texas 75225

T 214.545.6900 edge-cm.com

CONFIDE NTIAL OFFE RING ME MOR ANDUM



BR ANDON BEESONPrincipal

[email protected]

JOHN MUNGIOLIAssociate

[email protected]

EDGE RE ALT Y CAPITAL MARKETS Conn's HomePlus / 3

TABLE OF CONTENTS

EXECUTIVE SUMMARY 5

THE PROPERTY 6

DETA I LS 7

LOCAT ION M A P 8

A ER I A L 9

THE FINANCIALS 11

T ENA N T I N FOR M AT ION / R EN T SCH EDU L E 12

CA SH F LOW 13

L E A SE A BST R ACT 14

T ENA N T PROF I L E 16

THE MARKET 17

M A R K ET OV ERV I E W - T E X A S 18

M A R K ET OV ERV I E W - DA L L A S -FORT WORT H M ET ROPL E X , T E X A S 19

DISCLAIMER 26

OV ERV I E W + Well-positioned along S Stemmons Freeway, as the Property benefits from having great signage and visibility from the service road, as well as multiple access points into the center

+ Surrounded by other retail, including Vista Ridge Mall, Lake Pointe Town Crossing (anchored by Super Target), Vista Ridge Plaza, and Costco

+ Part of Lakepointe Crossing shopping center, home to Academy, Toys R Us, At Home, and various outparcels

+ Six years remaining on initial 10-year absolute net lease; with three, 5-year options remaining – each with a 10% bump

PROPERT Y CONN'S HOMEPLUSGL A 50, 336 SF

PR ICE $5,732 ,012

LOCAT ION 2422 S STEMMONS FREEWAY / LEWISVILLE , TEX AS 75067 CA P R AT E 8.00%

EDGE RE ALT Y CAPITAL MARKETS Conn's HomePlus / 5

EXECUTIVE SUMMARY

IN V E ST M EN T OV ERV IEW

Conn’s (the “Property”) is a 50,336 square foot single-tenant retail asset located off S Stemmons Fwy (I-35) in Lewisville, Texas. The Property is located on the northeast corner of I-35 and Hebron Pkwy, along with other anchors Toys R Us, At Home, and Academy Sports and Outdoors. Conn’s sits directly across I-35 from Vista Ridge Mall, which features retailers such as Dillard’s, JCPenney, Macy’s, Sears, 130 specialty shops, and a Cinemark movie theater. Other surrounding retail includes Super Target and Costco, which will generate additional consumer traffic to the area.

There are currently six years remaining on the 10-year initial absolute net lease obligation, along with three, 5-year options with 10% bumps. Key lease terms include Landlord responsibility for roof and structure; and a corporate guaranty from Conn’s. For further detail regarding lease terms, property cash flow, and loan information, please refer to the Financials section.

TOP IN V E STOR M A R K ET

Dallas-Fort Worth-Arlington is the 4th largest metropolitan area in the nation. According to data from the US Census Bureau, the DFW metro area gains another person every four minutes and ten seconds. Dallas is the 9th most populous city in the US and the 3rd most populous city in the state.

Dallas is in the midst of massive population expansion, with the city’s northern suburbs attracting major employers and substantial mixed-use development. A rush of corporate relocations has kept North Texas on top of nationwide rankings, including Forbes’ best places to live.

Lewisville is an established and thriving economic hub in the DFW region with numerous advantages including superior access, great infrastructure, a low tax environment, and quality workforce. With its location just minutes from DFW International Airport, and straddling two major highways, Lewisville is perfectly positioned for easy access to the rest of North Texas.

DALL AS- FORT WORTH -ARLINGTON 4TH L ARGEST METROPOLITAN AREA IN THE NATION

DALL AS- FORT WORTH - ARLINGTON IS MA JOR CORPOR ATE HUB- HEADQUARTERS INCLUDE AMERICAN AIRLINES & TEX AS INSTRUMENTS

LEWISVILLE HAS THE MOST RETAIL SQUARE FOOTAGE PER CAPITA IN THE REGION

236,792 POPUL ATION WITHIN 5 MILE R ADIUS

$97,746 MEDIAN HOUSEHOLD INCOME WITHIN 5 MILE R ADIUS

GL A 50, 336 SF

PR ICE $5,732 ,012

PR ICE PSF $113.88

CA P R AT E 8.00%

THE PROPERTY

DETA I LS /

LOCAT ION M A P /

A ER I A LS /

Conn's HomePlus / 7EDGE RE ALT Y CAPITAL MARKETS

DETAILS

DEMOGR A PH IC SNA PSHOT

1 M I L E 3 M I L E 5 M I L E

TOTAL POPUL ATION 8,164 64,602 164,913

POPUL ATION GROW TH 2010 -2022 1.9% 2.1% 2.5%

AVER AGE HOUSEHOLD INCOME $90,963 $111,903 $116,258

A DDR E S S2422 S STEMMONS FREEWAYLEWISVILLE , TEX AS 75067

L A N D A R E A ± 3 .7 AC

GL A 50, 336 SF

Y E A R BU I LT 1990

OCCU PA NC Y 100%

PA R K I NG203 SPACES, INCLUDING 3 HANDICAP4.03 PER 1 ,000 SF

ZON I NG GB - GENER AL BUSINESS

TA X AU T HOR I T Y / I D DENTON COUNT Y / 158258

TA X VA LU E / R AT E $3,672 ,981 / 2 .08%

BU I L DI NG E X T ER IOR BRICK EX TERIOR

ROOF FL AT

H VAC CENTR AL UNITS

SI T E L IGH T I NG POLE AND BUILDING MOUNTED LIGHTS

PA R K I NG LOT CONCRETE , GOOD CONDITION


LOCATION MAP

WAXAHACHIE

DESOTO

DUNCANVILLE

CLEBURNE

FORT WORTH

GRAPEVINE

CARROLLTON

FRISCO

DENTON

MCKINNEY

WEATHERFORD

MINERAL WELLS

DALLASMESQUITE

ENNIS

DFW AIRPORT

DALLAS LOVEFIELD AIRPORT

PROSPER

THE COLONY

COPPELL

FLOWERMOUND

LEWISVILLE

ALLEN

PLANO

KELLER

NORTHRICHLAND

HILLSLAKE WORTH

AZLE

BURLESON

MANSFIELD

MIDLOTHIAN

CEDAR HILLKAUFMAN

TERRELL

RICHARDSON

GRANBURY

IRVING

ARLINGTON

30

35E20

820

35W

635

75

175

121

161

360

114

12

35

35E

380

287

ROCKWALLGARLAND

ROWLETT

WYLIE

20

635

20

205

287

67

67

80

FARMERSVILLE

W CORPORATE DR

E ROUND GROVE RD

DEN

TON

TA

P RD

E ED

MO

ND

S LN

MAC

ARTH

UR BLV

D

W HEBRON PKWY

LAKEPOINTE DR

121

121

35E

35E

121

CONN'S HOMEPLUS 12

34

5

THE VILL AGE AT T WIN CREEKS

1,000 homes priced $400,000+

THE STAR

$1 Billion development home to the new Dallas Cowboy World Headquarters

GR ANDSCAPE

433 AC development anchored by Nebraska Furniture Mart of Texas

LEGACY

Home to JCPenney & Toyota Headquarters

CIT YLINE $1.5 Billion development anchored by Whole Foods & Look Cinemas

1

2

3

4

5


AERIAL

Conn's HomePlus / 10

AERIAL

EDGE RE ALT Y CAPITAL MARKETS

PROPERT Y I N FOR M AT ION /

CA SH F LOW /

L E A SE A BST R ACT /

THE FINANCIALS


PROPERTY INFORMATION

TENANT Conn's

ADDRESS 2422 S Stemmons Fwy

PROPERTY SF 50,336 sf

LEASE COMMENCEMENT January 1, 2014

LEASE EXPIRATION March 31, 2024

OPTIONS 3 x 5 years with 10% rent bumps

LEASE STRUCTURE Absolute Net

ADDITIONAL NOTES

ORIGINAL BALANCE $2,894,929

CURRENT BALANCE $2,704,730

INTEREST RATE 4.727%

ORIGINAL TERM / REMAINING TERM 120 months / 83 months

AMORTIZATION 300 months

MONTHLY DEBT SERVICE $16,495

ANNUAL DEBT SERVICE $197,940

OPEN WINDOW 120 days before Maturity

CURRENT DEFEASANCE COST

*Note: Loan information as of 12/14/2017 Morningstar report

DATE PER MONTH ANNUAL PSF

January 1, 2014 - March 31, 2014 $25,309.00 $303,708.00 $6.03

April 1, 2014 - September 31, 2015 $37,164.75 $445,976.96 $8.86

October 1, 2015 - March 31, 2019 $38,213.41 $458,560.96 $9.11

April 1, 2019 - March 31, 2024 $39,320.81 $471,849.66 $9.37

April 1, 2024 - March 31, 2029 (Option 1) $43,205.07 $518,460.80 $10.30



Property has a CMBS loan that must be assumed by Buyer. For more detail on the existing Loan, see 'Loan Details' below.

$421,379

LOAN DETAILS

LEASE DETAILS

RENT SCHEDULE


CASH FLOW

CURRENT NOI $458,561

CAP RATE 8.00% YE 12/31/2018 YE 12/31/2019 YE 12/31/2020 YE 12/31/2021 YE 12/31/2022

PRICE $5,732,012 Cash Flow Before Debt Service* $458,561 $468,527 $471,850 $471,850 $471,850

PRICE PSF $113.88 Debt Service ($197,940) ($197,940) ($197,940) ($197,940) ($197,940)

Cash Flow After Debt Service $260,621 $270,587 $273,910 $273,910 $273,910

*Note: Lease is NNN; Cash Flow Before Debt Service will equal Tenant's Base Rent

Purchase Price $5,732,012

Balance of Assumed Loan $2,704,730

Required Equity ($3,027,282)

Cash on Cash 8.61% 8.94% 9.05% 9.05% 9.05%

5-YEAR PROJECTED CASH FLOW AND CASH-ON-CASH


LEASE ABSTRACT

TENANT:

SQUARE FOOTAGE:

ORIGINAL SQUARE FOOTAGE:

ADDITIONAL SQUARE FOOTAGE: N/A

SPECIFIC USE:

DOCUMENTATION:

RENT COMMENCEMENT DATE:

LEASE EXPIRATION DATE:

TERM:

SECURITY DEPOSIT:

Period Per Month Annual PSF

January 1, 2014 - March 31, 2014 $25,309.00 $303,708.00 $6.03

April 1, 2014 - December 31, 2015 $37,164.75 $445,976.96 $8.86

January 1, 2016 - March 31, 2019 $38,213.41 $458,560.96 $9.11

April 1, 2019 - March 31, 2024 $39,304.03 $471,648.32 $9.37

Remaining Renewal Options

Term 1: April 1, 2024 - March 31, 2029 $43,205.07 $518,460.80 $10.30

Term 2: April 1, 2029 - March 31, 2034 $47,525.57 $570,306.88 $11.33

Term 3: April 1, 2034 - March 31, 2039 $52,265.55 $627,186.56 $12.46

RENEWAL OPTION(S):

CAM PAYMENTS:

INSURANCE PAYMENTS:

RE TAX PAYMENTS:

UTILITIES:

TENANT MAINTENANCE:

LANDLORD MAINTENANCE:

PERCENTAGE RENT:

BASE RENT:

3, 5-year renewal options remaining. Tenant must provide written notice of at least 180 days prior to the expiration of the term.

Tenant shall reimburse Landlord for all Insurance expenses.

Tenant shall reimburse Landlord for all Real Estate Tax expenses.

Tenant shall pay for all water, electricity, sewer and other utilities used in the premises.

Tenant shall (i) maintain and keep all the interior of the premises in good condition and repair, including all equipment, facilities and fixtures therein (ii) keep all glass, doors and skylights, clean and in good condition and (iii) keep the HVAC system serving the premises in good working order. Tenant shall also reimburse Landlord for 'Special Operating Expenses,' defined as all costs and expenses incurred by Landlord which are attributable to any improvements, capital expenditures, reapirs and replacements to the Premises or any equipment or machinery used in connection with the Leased Premises; i.e. expenses which are capitalized by Landlord in accordance with GAAP.

None.

N/A

Tenant shall reimburse Landlord for all CAM expenses.

January 1, 2014

March 31, 2024

10 years and 3 months

None.

Conn's Appliances

50,336

N/A

Premises shall be used for the operation of a Conn's HomePlus retail store.

Lease dated August 21, 2013.


LEASE ABSTRACT

BREAKPOINT:

EXECUTOR:

GUARANTOR:

ASSIGNEE:

CO-TENANCY/TERMINATION:

EXCLUSIVES / RESTRICTIONS:

ESTOPPEL CERTIFICATE: Tenant shall provide an estoppel certificate in 20 days upon written request by the Landlord.

N/A

N/A

Conn Appliances, Inc

Conn's, Inc

N/A

N/A


TENANT PROFILE

Conn’s Home Plus is a specialty retailer currently operating 116 retail locations in Alabama, Arizona, Colorado, Georgie, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. Conn’s sells furniture and related accessories for the living room, dining room and bedroom, as well as traditional and specialty mattresses; home appliances, including refrigerators, freezers, washers, dryers, dishwashers and ranges; a variety of consumer electronics, including LED, OLED, Ultra HD and internet-ready televisions, Blu-ray players, home theater and portable audio equipment; and home office products, including computers, printers and accessories. They also offer a variety of products on a seasonal basis. Unlike many of their competitors, Conn’s provides flexible in-house credit options for their customers in addition to third-party financing programs and third-party lease-to-own payment plans.

SI Z E 50, 336 SF

S& P R AT I NG B

STOCK SY M BOL CONN

W EBSI T E CONNS.COM

M A R K ET OV ERV I E W /

DEMOGR A PH ICS /

THE MARKET


MARKET OVERVIEW - TEX AS

POPUL ATION

26,956,958

FASTEST GROWINGECONOMYIN THE U.S.

DALLAS# 3 FA ST E ST GROW I NG CI T Y 2 015

#1 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y

FORT WORTH# 8 FA ST E ST GROW I NG CI T Y 2 015

HOUSTON #1 FA ST E ST GROW I NG CI T Y 2 015

# 7 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y

AUSTIN # 2 FA ST E ST GROW I NG CI T Y 2 015

#12 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y

SAN ANTONIO#10 FA ST E ST GROW I NG CI T Y 2 015

#15 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y2nd

TOP STATE FOR JOB GROW TH457,000 JOBS CREATED IN 2014

L A RGE ST CI V I L I A NL A BOR WOR K FORCE:

13+ MILLION WORKERS

54L A RGE ST M EDICA L CEN T ER Texas Medical Center, Houston 2N D L A RGE ST CA NCER CEN T ER MD Anderson, Houston

OVER 3,000 COMPANIES HAVE LOCATED OR EXPANDED FACILITIES IN TEXAS SINCE 2009

BEST STATE FOR BUSINESSFOR THE 10TH YEAR IN A ROW BYCHIEF EXECUTIVE MAGAZINE

AWA R DED 2 014 GOV ER NOR’S CU P FOR THE MOST NEW & EXPANDED CORPORATE FACILITIES: 689

NO STATE INCOME TAX

2nd

FORT U N E 50 0 COM PA N IE SCA L L T EX A S HOM E


MARKET OVERVIEW - DALLAS-FORT WORTH METROPLEX, TEX AS

ECONOMIC & CU LT U R A L

HUB OF NORTH TEXAS

LARGESTMETROPOLITAN AREA IN THE U.S.

LARGESTMETROPOLITAN AREA IN TEXAS

FASTEST R ATE OF JOB GROW THOF A N Y U. S . M ET ROPOL I TA N A R E A3.7% GROWTH OVER THE PAST YEAR

4th

#3 / DA LL AS#5 / FORT WORTH

FASTEST- GROWINGCITIES IN THE U.S.

1,200,000N E W R E SI DE N TS A DDE DOV E R T H E L A ST DEC A DE

DEMOGR A PHICS

POPULATION 6,993,185

TOTAL HOUSEHOLDS 2,552,859

AVERAGE HOUSEHOLD INCOME $81,226

MEDIAN AGE 33.7

BACHELOR DEGREE + 34.20%

TOTAL EMPLOYEES 3,375,900

L A RGE ST EM PLOY ER S

WAL-MART STORES INC. 52,700 Employees

AMERICAN AIRLINES GROUP INC. 23,700 Employees

BAYLOR HEALTH CARE SYSTEM 22,000 Employees

DALLAS INDEPENDENT SCHOOL DISTRICT 20,793 Employees

TEXAS HEALTH RESOURCES 16,205 Employees

BANK OF AMERICA 15,400 Employees

CITY OF DALLAS 13,000 Employees

JPMORGAN CHASE BANK N.A. 13,000 Employees

TEXAS INSTRUMENTS INC. 13,000 Employees

LOCKHEED MARTIN AERONAUTICS CO. 12,600 Employees

CENTRALLY LOCATED W IT H I N A FOU R HOU R F LIGH T F ROMA N Y M A JOR U.S. CIT Y

21 FORT U N E 50 0 COMPA NIES BA SED I N DA L L A S -FORT WORT H



BILLY BOB’S TEX A SLARGEST HONKY TONK IN THE WORLD

STATE FA IR OF TEX A SLARGEST STATE FAIR IN THE U.S.

DA LL A S A RTS DISTR ICTLARGEST URBAN ARTS DISTRICT IN THE U.S.

M A JOR U N I V ER SITIE S

UNIVERSITY OF NORTH TEXAS 36,216 Students

THE UNIVERSITY OF TEXAS AT ARLINGTON 34,899 Students

THE UNIVERSITY OF TEXAS AT DALLAS 23,095 Students

TEXAS WOMEN'S UNIVERSITY 15,075 Students

SOUTHERN METHODIST UNIVERSITY 12,321 Students

TEXAS A&M UNIVERSITY - COMMERCE 11,272 Students

TEXAS CHRISTIAN UNIVERSITY 10,033 Students

DALLAS BAPTIST UNIVERSITY 5,445 Students

TEXAS WESLEYAN UNIVERSITY 2,606 Students

UNIVERSITY OF DALLAS 2,545 Students

UNIVERSITY OF NORTH TEXAS - DALLAS 2,575 Students

UT SOUTHWESTERN MEDICAL CENTER 1,844 Students

95.8%

DALLAS/FORT WORTH INTERNATIONAL AIRPORT: 3RD BUSIEST AIRPORT IN THE WORLD

DALLAS LOVE FIELD AIRPORT: CORPORATE HEADQUARTERS OF SOUTHWEST AIRLINES

44,100,000A N N UA L V I SI TOR S

HOME SALE PRICES UP FROM 2014 (2x NATIONAL RATE)

8.6%

LOWEST COST OF LIVINGOF T EN L A RGEST U.S.M ET ROPOLITA N A R E A S



$120,943,919,400GROS S A N N UA L R ETA IL SA L E S

3,977,827 SF U N DER CONST RUCT ION

1,601,852 SF N ET A BSOR P T ION

900,310 SF COM PL ET IONS

92.5% OCCUPA NCYR ATE

$1.06 PSFAV ER AGE R EN TA L R AT E S

R ETA IL M A R K ET M U LTI-FA M ILY M A R K ET

16,581 UNITS U N DER CONST RUCT ION

5,765 UNIT N ET A BSOR P T ION

2,479 UNIT COM PL ET IONS

92.7% OCCUPA NCYR ATE


DEMOGRAPHICS

1 M I R A DI US 3 M I R A DI US 5 M I R A DI US

POPUL ATION

E ST I M AT E D POP U L AT ION (2 016) 8,164 64,602 164,913

A DJ UST E D DAY T I M E DE MOGR A P H IC S AGE 16 OR OV E R (2 016) 4,187 39,888 94,346

E ST I M AT E D HOUS E HOL DS (2 016) 3,129 23,311 58,018

P ROJ ECT E D A N N UA L GROW T H 2 010 TO 2 0 21 1.9% 2.1% 2.5%

P ROJ ECT E D POP U L AT ION (2 0 21) 9,636 76,185 194,599

P ROJ ECT E D HOUS E HOL DS (2 0 21) 3,582 26,603 66,255

TOTA L E M P LOY E E S (2 016) 2,452 24,635 58,265

TOTA L DAY T I M E AT HOM E POP U L AT ION (2 016) 1,735 15,252 36,081

TOTA L E M P LOY E E S (% OF DAY T I M E POP U L AT ION 2 016) 58.6% 61.8% 61.8%

DAY T I M E AT HOM E (% OF DAY T I M E POP U L AT ION 2 016) 41.4% 38.2% 38.2%

BUSINESS DEMOGR APHICS

TOTA L BUSI N E S S E S 271 2,716 5,858

COM PA N Y H E A DQUA RT E R BUSI N E S S E S - 4 18

TOTAL AGE DISTRIBUTION

% POP U L AT ION AGE 0 - 9 10.9% 11.9% 12.8%

# POP U L AT ION AGE 0 - 9 891 7,688 21,027

AGE U N DE R 5 Y E A R S 454 3,578 9,681

AGE 5 TO 9 Y E A R S 437 4,110 11,346

AGE 10 TO 14 Y E A R S 485 4,830 13,355

AGE 15 TO 19 Y E A R S 491 4,500 11,825

AGE 2 0 TO 2 4 Y E A R S 487 3,149 8,392

AGE 2 5 TO 2 9 Y E A R S 591 3,941 10,279

AGE 3 0 TO 3 4 Y E A R S 590 3,996 10,542

AGE 35 TO 3 9 Y E A R S 557 4,451 11,999

AGE 4 0 TO 4 4 Y E A R S 529 4,805 13,072

AGE 4 5 TO 4 9 Y E A R S 684 5,582 14,817

AGE 5 0 TO 5 4 Y E A R S 668 5,310 13,329

AGE 55 TO 5 9 Y E A R S 589 4,652 11,180


DEMOGRAPHICS



TOTAL AGE DISTRIBUTION

AGE 6 0 TO 6 4 Y E A R S 530 3,734 8,534

AGE 6 5 TO 6 9 Y E A R S 355 2,720 6,039

AGE 70 TO 74 Y E A R S 313 2,081 4,331

AGE 75 TO 7 9 Y E A R S 183 1,335 2,719

AGE 8 0 TO 8 4 Y E A R S 101 878 1,705

AGE 8 5 Y E A R S OR OV E R 119 951 1,770

M E DI A N AGE 39.2 38.9 37.4

R ACE & ETHNICIT Y

% W H I T E 74.7% 75.6% 73.6%

% BL ACK OR A F R IC A N A M E R IC A N 10.2% 7.6% 8.1%

% A M E R IC A N I N DI A N OR A L A S K A NAT I V E 0.7% 0.6% 0.6%

% A SI A N 6.8% 7.2% 8.0%

% H AWA I I A N OR PACI F IC I S L A N DE R 0.1% 0.1% 0.1%

% H I S PA N IC POP U L AT ION 18.5% 20.1% 20.3%

% NOT H I S PA N IC POP U L AT ION 81.5% 79.9% 79.7%

HOUSEHOLD INCOME

E ST I M AT E D M E DI A N HOUS E HOL D I NCOM E $77,950 $94,616 $97,746

E ST I M AT E D AV E R AGE HOUS E HOL D I NCOM E $90,963 $111,903 $116,258

E ST I M AT E D P E R C A PI TA I NCOM E $34,942 $40,406 $40,925

HOUSEHOLD INCOME DISTRIBUTION

% H H I NCOM E U N DE R $10 ,0 0 0 2.7% 1.8% 1.9%

% H H I NCOM E $10 ,0 0 0 TO $14 , 9 9 9 2.0% 1.1% 1.5%

% H H I NCOM E $15,0 0 0 TO $ 2 4 , 9 9 9 6.2% 5.9% 5.1%

% H H I NCOM E $ 2 5,0 0 0 TO $ 3 4 , 9 9 9 7.7% 6.8% 6.4%

% H H I NCOM E $ 35,0 0 0 TO $ 4 9, 9 9 9 11.8% 11.7% 10.7%

% H H I NCOM E $ 5 0 ,0 0 0 TO $74 , 9 9 9 22.2% 16.6% 15.8%

% H H I NCOM E $75,0 0 0 TO $ 9 9, 9 9 9 14.9% 14.1% 14.5%

% H H I NCOM E $10 0 ,0 0 0 TO $12 4 , 9 9 9 12.8% 11.5% 12.3%

% H H I NCOM E $12 5,0 0 0 TO $14 9, 9 9 9 6.9% 8.7% 9.0%

% H H I NCOM E $15 0 ,0 0 0 TO $19 9, 9 9 9 8.4% 11.4% 11.6%

% H H I NCOM E $ 2 0 0 ,0 0 0 OR MOR E 4.4% 10.4% 11.2%


DEMOGRAPHICS



EDUCATIONAL ATTAINMENT

A DU LT POP U L AT ION AGE 2 5 Y E A R S OR OV E R 5,810 44,435 110,315

% E L E M E N TA RY (GR A DE L E V E L 0 TO 8) 4.0% 3.6% 4.2%

% SOM E H IGH SCHOOL (GR A DE L E V E L 9 TO 11) 3.8% 4.4% 4.0%

% H IGH SCHOOL GR A DUAT E 26.6% 20.6% 19.5%

% SOM E COL L EGE 24.7% 24.0% 22.9%

% A S SOCI AT E DEGR E E ON LY 7.0% 8.4% 8.0%

% BACH E LOR DEGR E E ON LY 25.8% 27.9% 29.3%

% GR A DUAT E DEGR E E 8.1% 11.0% 12.1%

HOUSING UNITS

TOTA L HOUSI NG U N I TS 3,129 23,311 58,018

% HOUSI NG U N I TS OW N E R- OCC U PI E D 68.5% 73.0% 71.7%

% HOUSI NG U N I TS R E N T E R- OCC U PI E D 31.5% 27.0% 28.3%

2010 CENSUS DEMOGR APHICS

CE NSUS POP U L AT ION (2 010) 7,867 60,574 150,368

CE NSUS POP U L AT ION I N HOUS E HOL DS (2 010) 7,791 60,430 150,063

% FA M I LY HOUS E HOL DS (2 010) 70.1% 74.6% 75.2%

% NON-FA M I LY HOUS E HOL DS (2 010) 29.9% 25.4% 24.8%

F E M A L E POP U L AT ION (2 010) 3,958 30,893 75,963

% F E M A L E POP U L AT ION (2 010) 50.3% 51.0% 50.5%

M A L E POP U L AT ION (2 010) 3,909 29,681 74,405

% M A L E POP U L AT ION (2 010) 49.7% 49.0% 49.5%

2010 HOME VALUE

% HOM E VA LU E S U N DE R $10 ,0 0 0 2.2% 1.1% 1.1%

% HOM E VA LU E S $10 ,0 0 0 TO $ 2 4 , 9 9 9 1.4% 1.0% 1.1%

% HOM E VA LU E S $ 2 5 ,0 0 0 TO $ 3 4 , 9 9 9 0.5% 0.2% 0.3%

% HOM E VA LU E S $ 35 ,0 0 0 TO $ 4 9, 9 9 9 0.7% 0.3% 0.3%

% HOM E VA LU E S $ 5 0 ,0 0 0 TO $ 5 9, 9 9 9 0.1% 0.3% 0.3%

% HOM E VA LU E S $ 6 0 ,0 0 0 TO $ 6 9, 9 9 9 0.4% 0.5% 0.5%

% HOM E VA LU E S $70 ,0 0 0 TO $7 9, 9 9 9 0.1% 0.6% 0.6%


DEMOGRAPHICS



2010 HOME VALUE

% HOM E VA LU E S $ 8 0 ,0 0 0 TO $ 8 9, 9 9 9 0.9% 1.3% 1.3%

% HOM E VA LU E S $ 9 0 ,0 0 0 TO $ 9 9, 9 9 9 0.6% 1.7% 1.3%

% HOM E VA LU E S $10 0 ,0 0 0 TO $12 4 , 9 9 9 5.5% 4.9% 5.6%

% HOM E VA LU E S $12 5,0 0 0 TO $14 9, 9 9 9 18.0% 11.2% 9.8%

% HOM E VA LU E S $15 0 ,0 0 0 TO $174 , 9 9 9 15.7% 14.4% 14.0%

% HOM E VA LU E S $175,0 0 0 TO $19 9, 9 9 9 11.8% 11.9% 10.5%

% HOM E VA LU E S $ 2 0 0 ,0 0 0 TO $ 2 4 9, 9 9 9 20.1% 20.0% 19.4%

% HOM E VA LU E S $ 2 5 0 ,0 0 0 TO $ 2 9 9, 9 9 9 8.2% 11.2% 12.6%

% HOM E VA LU E S $ 3 0 0 ,0 0 0 TO $ 3 9 9, 9 9 9 8.4% 14.1% 14.9%

% HOM E VA LU E S $ 4 0 0 ,0 0 0 TO $ 4 9 9, 9 9 9 3.5% 6.9% 7.4%

% HOM E VA LU E S $ 5 0 0 ,0 0 0 TO $74 9, 9 9 9 2.8% 4.4% 5.1%

% HOM E VA LU E S $75 0 ,0 0 0 TO $ 9 9 9, 9 9 9 0.7% 0.8% 1.1%

% HOM E VA LU E S $1,0 0 0 ,0 0 0 OR MOR E 0.1% 0.4% 0.5%

OW N E R- OCC U PI E D M E DI A N HOM E VA LU E $185,569 $214,263 $224,772

EDGE Realty Capital Markets exclusively presents the listing of Conn's HomePlus (“Property”) for your acquisition. The owner is offering for sale the Property through its exclusive listing with the team.

EDGE Realty Capital Markets and owner provides the material presented herein without representation or warranty. A substantial portion of information must be obtained from sources other than actual knowledge and not all sources can be absolutely confirmed. Moreover, all information is subject to changes by the parties involved as to price or terms before sale, to withdrawal of the Property from the market, and to other events beyond the control of EDGE Realty Capital Markets or

owner. No representation is made as to the value of this possible investment other than hypothetical scenarios. It is encouraged that you or any of your affiliates consult your business, tax and legal advisors before making a final determination of value or suitability of the Property for acquisition.

As a condition of EDGE Realty Capital Markets’ consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by EDGE Realty Capital Markets, owner or agents of either of these parties regarding the Property–it is required that you agree to treat all such information confidentially.

DISCLAIMER

E XCLUSI V E L IST I NG BROK ER S

5950 Berkshire Lane, Suite 700 Dallas, Texas 75225

T 214.545.6900 edge-cm.com

CONFIDE NTIAL OFFE RING ME MOR ANDUM



BR ANDON BEESONPrincipal

[email protected]

WILSON STAFFORDSenior Vice President

[email protected]

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