17440 PKWY SUITE 131 Dallas TX 75287

NAI Robert Lynn, as the exclusive marketing advisor, is pleased to present the opportunity to acquire 17440 Dallas Parkway (the “Property”), a 53,784 square foot two story office building located in Dallas, Texas in the heart of the Quorum/Bent Tree submarket.

The Property is strategically positioned with excellent visibility on the Dallas North Tollway which is known as the “Platinum Corridor”, a major thoroughfare with over 158,000 VPD at the property location. This location is convenient to restaurants, shopping, entertainment, and a broad range of housing options. It is also located adjacent to the Bent Tree, Preston Trail neighborhoods, popular with executive decision makers. The property is within a 15-minute drive time of almost 700,000 employees.

17440 N Dallas Parkway is stabilized with a diversified mix of tenants in 43 suites. The return of office occupants into the submarket with healthy positive absorption for the last two quarters is a solid forecaster of stable cash flow and upside for the property.

VISIBLE LOCATION AND AMENITIES

• Platinum Corridor location with 158,000 VPD, the major N/S spine from Downtown Dallas to Collin County

• Near restaurants, shopping, retail, and business services

• Adjacent to dense executive and employee housing

BUILDING SIGNAGE

• Signage available

RENTS WELL BELOW MARKET

• Average in-place rents are $15.75 psf vs average market $26.83 psf per Costar.

Asking rent is $17 + E. With minimal cosmetic renovations, the property should command rent of $19-19.50 + E.

COMPETING PROPERTIES

• Competing properties in the immediate vicinity have asking rates from $14.00 NNN + $9.00 opex to $21 + E.

ROBUST RECENT LEASING ACTIVITY

• Tenants returning to the office have increased the property’s occupancy from 53% in Q1 2021 current 87%

RAPID MARK TO MARKET

• 43% of the rent roll expires within 12 months creating tremendous opportunity to push rents to market quickly.

STRONG SUBMARKET DEMAND

• According to Costar, the Quorum/Bent Tree submarket absorbed 236,000 sf in Q1 2022. YOY rent growth is also increasing from .4% in Q2 2021 to 1.8% in QTD 2022 with a Q3 forecast of 5.2% indicating companies’ return to the office and implementation of new moves and expansions in the area.

QUORUM/BENT TREE SUBMARKET

• Situated along the Dallas North Tollway between the LBJ Freeway and President George Bush Turnpike, with 25.5 million SF of inventory, Quorum/Bent Tree is one of the metroplex’s primary office nodes. Its location allows tenants to tap into the highly educated workforce that resides to the south in Uptown and the Park Cities as well as to the north in Plano and Frisco. The submarket includes Addison, with a residential population of about 15,000 but a daytime population estimated at more than 100,000. Addison also features many amenities that support the area’s office employers. The town’s 4.35 square miles contain more than 170 restaurants and 20-plus hotels. Furthermore, the Addison Airport has an annual economic impact exceeding $735 million.