Safelite Autoglass

Confidentiality Agreement

CONFIDENTIALITY AGREEMENT This Confidentiality Agreement ("Agreement") is made this 24th day of March, 2023, by and between tbd ("Owner"), and ("Recipient"), having an address at 2880 Inwood Road , Dallas, TX 75235. (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 2880 Inwood Road , Dallas, TX 75235 which is commonly known as "Safelite Autoglass" (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.

Sign Below *

• High Barriers to Entry - Dense Infill Location with Limited Retail Vacancy/Available Land
• Upgraded Construction - Built in 2016 with interior/exterior renovation completed in January 2023
• Rent Increases - 12% Rent Escalation in 2027 and Market Rate Increases (Not less than 12%) in Options
• New Lease - Safelite Signed a Seven Year Lease Which Commenced in September of 2022
• Double Net Lease - Limited Maintenance Responsibility
• Excellent Demographics - Population of 136,769 and Average Household Income of $145,034 within 3-Mile Radius

This freestanding, 6,800 square foot Safelite is situated on 0.70 acres of land. Safelite has over 6.5 years remaining on the base term of the lease, with rent having commenced in September of 2022. The site is located on Inwood Rd, which carries over 44,000 VPD. The lease offers a 12% rent increase in 2027, as well as market rate increases of not less than 12% in the options.

This infill site is centrally located within the city of Dallas. It is within a 10-minute drive of the following: Downtown Dallas, Dallas Love Field (DAL), Highland Park Village, and the Southwestern Medical District (home of UT Southwestern, Parkland and Children’s Medical). This Safelite also benefits from its proximity to Highland Park, a municipality located within Dallas’s boundaries that boasts a highly educated and affluent demographic base. Within a three-mile radius of the site, the population is 136,769, and the average household income is $145,034.

The DFW Metroplex is the largest metropolitan area in Texas, the largest in the South, and fourth largest in the U.S. with a population of 7,694,138 according to the 2020 U.S. Census. DFW led the nation in population growth for the past decade (2010-2019), adding 1,349,378 residents to its population. Overall, DFW is the 20th largest metro economy in the world and has a GDP exceeding $472 billion. DFW has a diverse economy with dominant sectors including defense, financial services, information technology, telecommunications, and transportation. Low taxes and a business-friendly environment continue to drive job growth and attract new residents to the area.