potranco station - Retail Solutions

Transcription

Potranco Station
8803 State Hwy 151, San Antonio TX 78245
100% NNN leased 2013 construction next to McDonalds & Gold’s Gym
POTRANCO STATION
TENANTS
100% Leased, 4 Tenant Investment
BUILT: 2013
PRICE: $4,500,000
CAP RATE: 7.12%
GLA: 10,575 SF
Alan P. Rust, CCIM - 512.474.5557
[email protected]
Over 70% of center leased for 10 years
Rent increases in primary lease terms
Excellent visibility from Hwy 151 and Potranco Rd.
(Hwy 151: 95K VPD, TXDOT 2012) (Potranco: 28K VPD, TXDOT 2012)
Over 114K people within 3 miles (Avg HH income over $61K)
Population expected to grow more than 10% by 2018
For More Information:
www.retailsolutions.us
Ryan Hoff - 512.474.5557
[email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this
real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a
Texas Limited liability company.
Potranco Station
Confidential Memorandum and Disclaimer
Please note that the use of this Offering Memorandum and the Information (“Information”) provided is subject to
the terms, provisions and limitations of the confidentiality agreement which we have provided to you (“Buyer”)
and requested an executed copy.
Brokerage Relationships: By taking possession of and reviewing the information contained herein, Buyer
acknowledges that the Listing Team of Retail Solutions (“Brokers”) are acting as Seller’s Agent in the disposition
assignment for the property. Buyer acknowledges receipt of the form entitled Information About Brokerage
Services.
Non-disclosure of Information: By taking possession of and reviewing the Information contained herein, Buyer
agrees not to disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained
from Broker or the Property owner (“Owner”) to any other person or entity except as permitted herein. Buyer
shall take all appropriate precautions to limit the dissemination of the Information only to those persons within
the firm who need to know the Information. The phrase “within the firm” shall be deemed to include outside
attorneys, accountants and investors.
Disclaimer and Waiver: By taking possession of and reviewing the Information contained herein, Buyer understands
and acknowledges that neither Brokers nor Owner make any representations or warranty, expressed or implied,
as to the accuracy or completeness of any Information provided. Neither the Broker or the Owner shall have
any liability whatsoever for the accuracy or completeness of the Information contained herein or any other
written or oral communication or Information transmitted or made available or any action taken or decision
made by the Buyer with respect to the Property. Buyer understands and acknowledges that they should make
their own investigations, projections and conclusions without reliance upon the Information contained herein.
Buyer assumes full and complete responsibility for confirmation and verification of all information received and
expressly waives all rights of recourse against Owner, Brokers and Retail Solutions.
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy
thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real
estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Potranco Station
Investment Summary
Price
Capitalization Rate
Terms
$4,500,000
7.12%
Cash to Seller
PROPERTY INFORMATION
Property Address
Location
County
Gross Leasable Area
Occupancy
Year of Construction
Number of Buildings
Number of Tenants
Lease Type
NNNs
8803 State Hwy 151
San Antonio, Texas 78245
Northwest Corner of US
Highway 151 & Potranco Rd
in an area of San Antonio
known as Westover Hills
Bexar
10,575 SF
100%
2013
1
4
NNN
$63,450 ($6.00 PSF)
(2013 Budget)
Property Highlights
• 10,575 square foot 4-tenant retail
investment on the northwest corner of
US Highway 151 (95,000 VPD, per TXDOT
2012) & Potranco Road (28,000 VPD, per
TXDOT 2012)
• Over 268k people (with average household
income of more than $60K) live within 5
miles!
• Population grew 29% from 2000 – 2010
and it is projected to grow more than 10%
from 2013 - 2018.
•
In 2013 there were 91,149 jobs and 2,997
employers within that same 5 mile area.
• 100% leased to 4 diverse tenants, with
base rent increases during their primary
lease terms.
• Two of the leases representing over 70%
of the GLA have primary lease terms of 10
years. The remaining two tenants have 5
year lease terms.
Potranco Station
Investment Overview
INCOME & EXPENSE*
Base Rent
NNN Reimbursements
Total Gross Income
Operating Expenses
Net Operating Income
$320,250
$63,450
$383,700
$63,450
$320,250
OPERATING EXPENSES
Taxes
CAM/Mgmt
Insurance
TOTAL
$31,725
$28,553
$3,173
$63,450
($3.00 PSF)
($2.70 PSF)
($0.30 PSF)
($6.00 PSF)
*Income: Year 1
Expenses: Year 1 Estimate
DEMOGRAPHIC SNAPSHOT
2013 Population
1 mile
14,640
3 miles
114,840
5 miles
268,626
% Growth 2000-2010
63.4%
35.5%
29.0%
% Growth 2013-2018
15.6%
10.7%
10.1%
$66,236
$61,139
$60,723
2013 Total Employers
135
1,125
2,997
Workplace Employees
4,510
34,536
91,149
Average HH Income
Alan P. Rust, CCIM - 512.474.5557
[email protected]
Ryan Hoff - 512.474.5557
[email protected]
Potranco Station
Property Highlights
• 97,000 VPD on Highway 151 & 28,000 VPD on Potranco Rd (TXDOT 2011)
• John Paul Stevens High School: Is approximately 1.5 miles west of Potranco Station – This school is
reportedly one of the largest in San Antonio (Building Size: 398,000 SF with some 3,600 students in
the 2008-2009 school year). The school was established in 2005
Located less than 3 miles from Seaworld a 250 acre marine mammal park,
oceanarium and animal theme park. This is the largest of the 3 Seaworld parks
and is typically one of the top tourist attractions in Texas.
• Professional education and research within 5 miles of the site includes:
• Very strong employment and residential demographics with significant growth projected.
Alan P. Rust, CCIM - 512.474.5557
[email protected]
Ryan Hoff - 512.474.5557
[email protected]
Potranco Station
Site Plan
Alan P. Rust, CCIM - 512.474.5557
[email protected]
Ryan Hoff - 512.474.5557
[email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is
subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Potranco Station
Site Plan
Alan P. Rust, CCIM - 512.474.5557
[email protected]
Ryan Hoff - 512.474.5557
[email protected]
Potranco Station
Region Map
Alan P. Rust, CCIM - 512.474.5557
[email protected]
Ryan Hoff - 512.474.5557
[email protected]
Potranco Station
Map of San Antonio
Alan P. Rust, CCIM - 512.474.5557
[email protected]
Ryan Hoff - 512.474.5557
[email protected]
Potranco Station
Aerial
Alan P. Rust, CCIM - 512.474.5557
[email protected]
Ryan Hoff - 512.474.5557
[email protected]
Potranco Station
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject
to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Potranco Station
Basic Summary Report
STI Popstats 2Q 2013
8799 State Highway 151 San Antonio, TX 78245
Demographics
2 December 2013
Coordinates Longitude:
Latitude:
1 MILE
RING
3.14 SQ/MI
3 MILE
RING
28.27 SQ/MI
-98.663887
29.443277
5 MILE
RING
78.53 SQ/MI
POPULATION
2000 Population
2010 Population
2013 Population
4,894
13,377
14,640
70,085
108,708
114,840
179,085
252,348
268,626
% Growth 2000 - 2010
% Growth 2013 - 2018
63.4%
15.6%
35.5%
10.7%
29.0%
10.1%
4,918
39,017
87,188
3.0
3.0
3.2
135
4,510
1,125
34,536
2,997
91,149
19.6%
20.6%
64.4%
66.5%
10.6%
8.3%
2.8%
2.2%
Coordinates Longitude:
2.6%
2.3%
Latitude:
23.3%
65.0%
7.4%
2.0%
-98.663887 2.2%
29.443277
HOUSEHOLDS
2013 Households
Avg Household Size
EMPLOYMENT
2013 Total Employers
2013 Workplace Employees
Basic Summary Report
RACE
STI
Popstats 2Q 2013
% White
% Hispanic
% Black
8799
State Highway 151 San Antonio, TX 78245
% Asian
2
2013
%December
Other
White
Hispanic
Black
Asian
COLLEGE EDUCATION (Age 25+)
Other
% < 9th Grade
% Some High School
HOUSING
% High School
% Renter Occupied Housing Units
% Some College
% Owner Occupied Housing Units
% College - Associates Degree
% College - Bachelors Degree
INCOME
% College - Masters Degree
2013 Median Household Income
% College - Professional Degree
2013 Average Household Income
% College - Doctorate Degree
2013 Per Capita Income
AGE
Median Age
Median Age Male
Median Age Female
Data Source:
© 2007 Pitney Bowes MapInfo. All Rights Reserved.
Alan P. Rust, CCIM - 512.474.5557
[email protected]
1 MILE 2,874
RING 9,429
3.14 SQ/MI
23,696
3 MILE
RING76,414
28.27 SQ/MI
5 MILE62,688
RING
174,570
78.53 SQ/MI
26.4
25.3
27.3
27.5
26.2
28.6
27.9
26.4
29.2
1,546
408
383
3.5%
5.0%
26.0%
39.5%
30.9%
60.5%
9.6%
20.8%
3.0%
$62,281
1.0%
$66,236
0.3%
$22,276
9,542
2,538
2,650
5.6%
7.1%
27.7%
39.4%
29.9%
60.6%
8.7%
15.5%
4.5%
$54,503
0.7%
$61,139
0.3%
$20,357
19,853
5,477
6,038
6.7%
8.1%
27.1%
35.6%
28.6%
64.4%
9.0%
14.3%
4.8%
$53,726
0.9%
$60,723
0.4%
$19,480
Page 1
Ryan Hoff - 512.474.5557
[email protected]
Potranco Station
Listing Team
Alan P. Rust, CCIM | Principal
[email protected]
512.474.5557
Alan P. Rust, CCIM, specializes in the leasing and sale of retail properties throughout
Texas. Previously, Alan was with Sperry Van Ness. Prior to moving to Austin, he was
a commercial broker in Colorado where he earned recognition as a “Heavy Hitter”
in commercial investment sales from the Denver Business Journal. In addition, Alan
founded and served as president of Snowshoe Ridge Properties, LLC, a successful
real estate holding and development firm.
Alan has lead the charge for Retail Solutions with its investment sales program
capping off his tenure with the company with a fantastic 2012! Last year, he sold
Kingsville Retail Center, Pecan Station in Lockhart, Freddy’s Frozen Custard in
Pflugerville, Shops at Cameron in Austin, Victoria Corners II, Victoria Corners III,
Dumas Corners, and Pfluger Station in Pflugerville before the walls for the center
were even erected! Already in 2013 he has several of his clients’ properties under
contract and headed for closing.
Mr. Rust has earned the Certified Commercial Investment Member (CCIM)
designation and is active in the industry as a member of the International Council
of Shopping Centers (ICSC), the Central Texas Commercial Association of Realtors
(CTCAR) and the Real Estate Council of Austin (RECA). Mr. Rust earned a bachelor’s
degree in Computer Science with a minor in Business Administration from
Binghamton University in Binghamton, New York.
Ryan Hoff | Vice President
[email protected]
512.474.5557
Ryan Hoff is a licensed Texas Real Estate Broker, and has been active in commercial
real estate throughout Texas for almost a decade. Prior to joining Retail Solutions,
Ryan worked for national investment sales firm, Marcus & Millichap (M&M), in a
number of capacities. In 2005, he joined their National Retail Group where he began
selling single and multi-tenant retail assets across the state of Texas. He specialized
in the disposition of investment properties from $1-20 Million, ranging from STNL
sale-leasebacks to national credit-tenant leased shopping centers. He also joined
their National Self Storage Group in 2009, and in 2010 he joined Marcus & Millichap
Capital Corporation (MMCC). While with MMCC, Ryan identified debt and equity
placement opportunities from $1-100 Million across the country. Before joining
M&M, Ryan sold and leased commercial properties in Austin for Henry S. Miller
Commercial.
Ryan is a proud graduate of The University of Texas at Austin, where he received his
BBA in Finance from The McCombs School of Business. He is also a member of the
National Association of Realtors (NAR), the Texas Association of Realtors (TAR), and
the International Council of Shopping Centers (ICSC).
Potranco Station

potranco station - Retail Solutions

Transcription

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