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SILBER SHOPPING CENTER
OFFERING MEMORANDUM
SILBER SHOPPING CENTER Houston,
| HOUSTON, Texas
TX
Offering Memorandum
100% OCCUPIED WAL-MART ANCHORED SHOPPING CENTER
100% LEASED WALMART
ANCHORED SHOPPING CENTER
SITE
Stephen Tou
713.547.5599
[email protected]
presented by:
Stephen Tou
SVP | Brokerage
Zac Hoffer
713.547.5564
[email protected]
SILBER SHOPPING CENTER | pricing + financial analysis
CURRENT SNAPSHOT:
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GROSS LEASABLE AREA:
YEAR BUILT:
LOT SIZE:
NET OPERATING INCOME:
+/-11,330 SF
2015
+/-47,168 SF
$351,900
TENANTS:
AREA RETAILERS:
DEMOGRAPHICS:1MILE 3MILE 5MILE
2015 Total Population13,202117,313433,342
2015 Total Daytime Population 14,626189,633629,026
2015 Average HH Income $113,937 $123,948 $111,102
SILBER SHOPPING CENTER |
SITE PHOTO
SILBER SHOPPING CENTER | site photo
HOUSTON CBD
6.25 miles E
610
THE MEDICAL CENTER
6.75 miles SE
275,048 VPD
10
SITE
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261,78
8 VPD
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33
6644
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1166
PPDD
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THE GALLERIA
3.5 miles S
| OVERVIEW MAP
SILBER
SHOPPING
CENTER
SILBER SHOPPING
CENTER
| overview map
SILBER
SHOPPING
CENTER
| trade area |aerial
TRADE AREA AERIAL
SILBER
SHOPPING
CENTER
SILBER
SHOPPING
CENTER
| access aerial
| ACCESS AERIAL
SILBER
SHOPPING
CENTER
SILBER SHOPPING CENTER | site plan
31’-7 1/2”
MOE’S SOUTHWEST GRILL
2,500 SF
42’-10 1/2”
AMERICA’S BEST VSION
3,430 SF
17-6”
SMOOTHIE KING
1,400 SF
50’
BRIDENT DENTAL
4,000 SF
STOP STOP
80’
SILBER SHOPPING CENTER | demographics
2015 Total Population
2020 Total Population
% Pop Change 2015-2020
2015 Total Households
2020 Total Households
% HH Change 2015-2020
2015 Average HH Income
2015 Median HH Income
2015 Per Capita Income
2015 Average HH Size
2015 Total Daytime Pop
2015 Total Daytime Work Pop
1MILE 3MILE
5MILE
13,202 117,313 433,342
14,671 127,143 475,587
11.13% 8.38% 9.75%
5,819 49,256 191,459
6,594 53,543 211,215
13.32% 8.70% 10.32%
$113,937 $123,948 $111,102
$82,997 $85,915 $78,890
$51,166 $52,200 $49,337
2.2 2.4 2.3
14,626 189,633 629,026
8,060 131,905 427,724
SILBER SHOPPING CENTER | tenant descriptions
BRIDENT DENTAL
Brident Dental is an experienced dental services organization which provides
comprehensive business support services to affiliated dental offices owned by licensed
dentists with convenient locations throughout Texas, California and Colorado. They pride
themselves on making affordable dental care easy | and primise first-class treatment to
each and every one of their patients. In addition, they are affiliated with a dental and oral
health maintenance organization that provides dental services in over 180 office locations
with over 4,000 team members. Being affiliated with this network of dental offices allows
them to benefit from such affiliate’s long-standing emphasis on high standards of quality of
care, first-in-class training and professional development.
Brident Dental + Orthodontics affiliated offices also make low-cost dental and orthodontic
healthcare more accessible by accepting a wide number of private insurance plans and
offering no-interest payment plans. On November 1st, 2013, they changed their name
from SmileBest Dental to Brident Dental & Orthodontics. Brident Dental has more than 30
convenient office locations across Texas with over 1,000 employees.
AMERICA’S BEST CONTACTS & EYEGLASSES
National Vision [NVI] was founded in 1990 to operate Vision Centers for Walmart. In 2005,
Berkshire Partners acquired NVI, as well as America’s Best Contacts & Eyeglass, and
simultaneously merged the two companies. At the time of acquisition, America’s Best had
just 112 stores. In January 2009, NVI acquired Eyeglass World and successfully turned
around the retailer trhough a completely new merchandising and marketing strategy. In
2011, NVI acquired long-term partner, AC Lens, which is now one of the largest online
contact lens providers in the United States. In 2014, NVI was acquired by $100 billion KKR
global investment firm and continues to operate under the NVI name.
National Vision Inc. [NVI] is one of the largest optical retailers in the United States,
operating over 800 retail locations in 44 states plus the District of Columbia and Puerto
Rico. NVI employs over 8,000 employees and their retail divisions include America’s Best
Contacts & Eyeglass, Eyeglass World, Visions Centers brought to you by WalMart, Vista
Optical inside Fred Meyer and Optical Centers on select military bases. National Visions
has plans to open 75 new locations annually.
SILBER SHOPPING CENTER | tenant descriptions
SMOOTHIE KING
In 1973, Steve Kuhnau opened a health food store, selling healthful drinks and vitamins.
He called it Smoothie King. Today, Smoothie King has expanded to over 600 locations
operating in the continental US, the Republic of Korea, Singapore and the Caymans. As a
privately-owned New Orleans, Louisiana-area based franchise company, it is the premier
Smoothie Bar and Nutritional Lifestyle Center in the industry. Since 1989, Smoothie King
has been named #1 franchise in their category by Entrepreneur Magazine. Their success
is due to their nutritional fruit and function-based, fresh blended smoothies as well as
healthy retail product solutions in sport beverages, energy bars, healthy snacks, vitamin
supplements, herbs, minerals and sports nutrition products.
MOE’S SOUTHWEST GRILL
Founded in December 2000 in Atlanta, GA, Moe’s Southwest Grill is a fun and engaging
fast-causal restaurant franchise serving a wide variety of fresh, made-to-order Southwest
fare in a welcoming environment that rocks. With more than 20 incredibly fresh ingredients
like all-natural chicken, grass-fed steak and organic tofu to create one-of-a-kind meals,
Moe’s has everyone covered, from meat lovers to tree huggers to vegetarians and
flexitarians.
Moe’s currently serves the most awesome fare at more than 600 locations in the United
States and abroad. In August 2007, Moe’s Southwest Grill joined FOCUS Brands Inc.
Atlanta-based FOCUS Brands Inc. is the franchisor and operator of over 4,300 Carvel Ice
Cream, Cinnabon Bakery, Schlotzky’s Deli, Moe’s Southwest Grill, Auntie Anne’s Pretzels
and McAlister’s deli locations, as well as the franchisor of Seattle’s Best Coffee on certain
military bases and in certain international markets.
SILBER SHOPPING CENTER | disclaimer
The Retail Connection exclusively presents the listing of Silber Shopping Center [“Property”]
for your acquisition. The owner is offering for sale its fee simple in the property through its
exclusive listing with the team.
The Retail Connection and owner provides the materials 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 term before sale, to
withdrawl of the property from the market and to other events beyond control of The Retail
Connection 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 The Retail Connection’s 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 The Retail Connection, owner or agents of either of these parties
regarding the Property | it is required that you agree to treat all such information confidentially.
SILBER SHOPPING CENTER | information about brokerage services
11-2-2015
Information About Brokerage Services
Texas law requires all real estate license holders to give the following informaƟon about
brokerage services to prospecƟve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
.
• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
• Put the interests of the client above all others, including the broker’s own interests;
• Inform the client of any material informaƟon about the property or transacƟon received by the broker;
• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and
• Treat all parƟes to a real estate transacƟon honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner,
usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes
above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including
informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a
wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any
material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or
seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen
agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:
• Must treat all parƟes to the transacƟon imparƟally and fairly;
• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.
• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:
ᴑ that the owner will accept a price less than the wriƩen asking price;
ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and
ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to
disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the
buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
• The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.
• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for
you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.
Licensed Broker /Broker Firm Name or
Primary Assumed Business Name
License No.
Email
Phone
Designated Broker of Firm
License No.
Email
Phone
Licensed Supervisor of Sales Agent/
Associate
License No.
Email
Phone
Sales Agent/Associate’s Name
License No.
Email
Phone
Buyer/Tenant/Seller/Landlord Initials
Regulated by the Texas Real Estate Commission
Date
InformaƟon available at www.trec.texas.gov
IABS 1-0
SILBER SHOPPING CENTER
THE RETAIL CONNECTION
10000 Memorial Drive, Suite 170
Houston, TX 77024
713.547.5555
www.theretailconnection.net