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Plaza Point Shopping Center

Property Details

Asking Price:

$6,826,029

Tenancy:

Multi-Tenant

Property Type:

Shopping Center

Square Footage:

62,463 sqft

NOI:

$477,822

Property Overview
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Offering Memorandum
Crexi Listing

Plaza Point Shopping Center

War Room

Confidentiality Agreement

CONFIDENTIALITY AGREEMENT

This Confidentiality Agreement ("Agreement") is made this 25th day of October, 2024, by and between TBD ("Owner"), and   ("Recipient"), having an address at 1200 S FM 51 , Decatur, TX 76234. (Owner and Recipient are hereinafter sometimes referred to collectively as the "Parties" and individually as a "Party").

R E C I T A L S:
WHEREAS, the Parties may engage in or are currently engaged in discussions concerning a potential transaction relating to that certain retail shopping center located at 1200 S FM 51 , Decatur, TX 76234 which is commonly known as "Plaza Point Shopping Center" (the "Property"); and

WHEREAS, in connection with such discussions, Owner anticipates that Owner may provide Recipient with certain confidential and/or proprietary information of Owner; and

WHEREAS, the Parties further recognize and acknowledge that the Confidential Information (hereinafter defined) is valuable, proprietary, special and unique and that protection of this information is of critical importance to Owner in maintaining its competitive position.

NOW, THEREFORE, for and in consideration of the premises and mutual agreements set forth in this Agreement and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is agreed as follows:

1. Acknowledgment of Confidentiality. Recipient recognizes and acknowledges that during the course of discussions or negotiations relating to the potential sale of the Property by Owner to Recipient ("Potential Transaction"), Owner may deliver to Recipient certain written or printed confidential and/or proprietary business information, including, but not limited to, rent rolls and operating statements for the Property (collectively, "Confidential Information"). Recipient agrees that Confidential Information received by it from Owner in the furtherance of the evaluation of the Potential Transaction must (a) be received and maintained in strict confidence, (b) be used only for the purposes of the Potential Transaction, and (c) not be disclosed (except as otherwise permitted herein or required by law or legal process) to any person, firm, corporation, association, organization or other entity of any nature for any reason or purpose whatsoever without the express prior written consent of Owner. Recipient agrees that the foregoing restriction on the use of the Confidential Information, includes, without limitation, Recipient's agreement not to (d) contact any tenant of the Property, (e) contact any vendor or contractor providing services to the Property, or (e) use the financial or rent roll information for comparison of the Property to any other property.

2. Exceptions to Confidential Information. Notwithstanding anything herein to the contrary, no obligation or liability accrues hereunder with respect to Confidential Information, that (a) is or becomes publicly available other than as a result of acts byRecipient or its representatives in violation of this Agreement, (b) is, on the advice of counsel, required to be disclosed by law or by legal process, or (c) is disclosed byRecipient to its necessary agents or representatives in connection with evaluation of the proposed purchase as long as Recipient requires confidentiality with respect to such information.

3. Return of Confidential Information. Recipient must return all Confidential Information to Owner together with all copies thereof on or prior to the earlier of (a) the termination of negotiations for the purchase and sale of the Property by either Party, (b) the expiration or earlier termination of any contract of purchase and sale between the Parties relating to the Property, or (c) 60 days from the date hereof, unless on or prior to such date Owner and Recipient have entered into a formal written contract of sale.

4. Enforcement and Governing Law. In the event of a breach of any of this Agreement by Recipient, Owner shall be entitled to seek such remedies as may be available at law or in equity, including an action for damages, specific performance, injunction, accounting, or otherwise. Owner shall be entitled to recover, as part of its judgment, Owner's attorney's fees and court costs. The laws of the State of Texas govern the terms and conditions of the Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

Property Overview

Anchored by a high traffic Tractor Supply Company (Nasdaq: TSCO), which ranks 41st out of 208 stores in the state of Texas in terms of customer traffic according to Placer.ai. Tractor Supply recently received building permits for a full-store remodel and has started renovations while still operating.
Shadow-anchored by an 183,000sf Walmart Supercenter which ranks 38 out of 391 Supercenters in the state of Texas doing over $92M in sales per year according to Claritas (formerly A.C. Nielsen).
The Center benefits from the trade area’s strong incomes. The average HH income exceeds $127,000 in a 3-mile radius and $135,000 in a 5-mile radius.
Tractor Supply, O’Reilly Auto Parts, and Dollar Tree are all publicly traded companies with Investment Grade Credit (S&P: BBB or better) and make up 75.98% of the center’s GLA.
Landlord is installing a new roof on the property, which will have a 20-year warranty upon completion

The Plaza Point Shopping Center in Decatur, TX is exclusively listed with Venture Commercial.

8235 Douglas Ave, Suite 720, Dallas, TX 75225214.378.1212info@venturedfw.com

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