$3,700,000 | 6.50% cap - loopnet · 2017. 3. 25. · $3,700,000 | 6.50% cap exclusively offered by:...

NET LEASED INVESTMENT GROUP

The Shops at Levelland501 E Hwy 114, Levelland, TX 79336

CBCNetLeasedGroup.com

NET LEASED INVESTMENT GROUPLUBBOCK OFFICE4924 S. Loop 289Lubbock, TX 79414806.793.0888• 5 Absolute NNN Leases with Zero Landlord

Responsibility• 1 NN Lease with Minimal Landlord Responsibility• Walmart outparcel• Located 24 miles West of Lubbock

• Staggered lease expiration dates• Excellent location• Strong Retail Trade Area• 100% Occupied• Located in an Income Tax-free State

$3,700,000 | 6.50% CAP

Exclusively Offered By: RICK CANUP, [email protected]

JORDAN WOOD, CCIMInvestment Sales [email protected]

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable.However, Coldwell Banker Commercial has not and will not verify any of this information, nor has Coldwell BankerCommercial conducted any investigation regarding these matters. Coldwell Banker Commercial makes no guarantee,warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a single / multi-tenant property, it is the Buyer’s responsibility to independently confirm the accuracyand completeness of all material information before completing any purchase. This Marketing Brochure is not asubstitute for your thorough due diligence investigation of this investment opportunity. Coldwell Banker Commercialexpressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do notrepresent the current or future performance of this property. The value of a single / multi-tenant property to youdepends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation ofany single / multi-tenant property to determine to your satisfaction the suitability of the property for your needs. Likeall real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors mustrequest and carefully review all legal and financial documents related to the property and tenant. While the tenant’spast performance at this or other locations is an important consideration, it is not a guarantee of future success.Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may beset based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area.Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may failto comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market,economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsiblefor conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of anylongterm lease, including the likelihood of locating a replacement tenant if the current tenant should default orabandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenantconsidering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Coldwell Banker Commercial and hold it harmless from anykind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this single-tenant property.

Table Of ContentsNET LEASED INVESTMENT GROUP

CBCNetLeasedGroup.com Exclusively Offered By:

CONTENTS


RICK CANUP, [email protected]

Coldwell Banker Commercial hereby advises all prospective purchasers of Single/Multi-TenantNet Leased property as follows:

PROPERTY INFORMATION 3

LOCATION INFORMATION 8

FINANCIAL ANALYSIS 15

DEMOGRAPHICS 19

ADVISOR BIOS 23

NET LEASED DISCLAIMER



PROPERTY INFORMATION

1PROPERTY INFORMATION

Executive Summary

Tenant Profiles

Tenant Profiles

Additional Photos

SECTION 1:



Executive SummaryNET LEASED INVESTMENT GROUP



Exclusively Offered By:CBCNetLeasedGroup.com

PROPERTY OVERVIEWThe Net Leased Investment Group for Coldwell Banker Commercial is pleased to offer for sale The Shops atLevelland, a 22,470 square foot shopping center located in Levelland, Texas. The property is Walmart outparcel,positioned on the frontage road of Highway 114, near the corner of HWY 114 and Sherman Ave., making itslocation premier.

PROPERTY HIGHLIGHTS• 5 Absolute NNN Leases with Zero Landlord Responsibility

• 1 NN Lease with Minimal Landlord Responsibility

• Walmart outparcel - Excellent Location

• Located 24 miles West of Lubbock

• 100% Occupied

• Staggered lease expiration dates

• Strong Retail Trade Area

• Additional Land Available - 1.62 Acres @ $9.50/PSF ($670,388)

PROPERTY SUMMARY

Sale Price: $3,700,000

Cap Rate: 6.5%

IRR (Before Tax): 12.38%

NOI: $241,053

Lot Size: 2.47 Acres

Building Size: 22,470 SF

Year Built: 2008

Cross Streets: HWY 114 & N. Sherman Ave.




Tenant ProfilesNET LEASED INVESTMENT GROUP

Hibbett Sports

Dollar Tree

Security Finance (Continental Credit)

Hibbett Sports, Inc. headquartered in Birmingham, Alabama, is one of the fastest growing full line sporting goods retailers. Thecompany operates more than 1,000 sporting goods stores in small to mid-size markets throughout the United States, with the moststores being in Texas, Georgia, and Alabama. With names like Nike, Under Armour, Adidas, The North Face, and many more, itsstores offer a range of athletic equipment, footwear, and apparel for men, women and youth. Hibbett Sports is focused on thesporting goods needs of their customers. They stock a wide variety of sporting goods categories to provide product for the variedneeds of their customers. In 2015, Hibbett Sports reported net annual sales of $913M and is on track to have sales in excess of$943M for 2016

Dollar Tree, Inc., a Fortune 500 company headquartered in Chesapeake, Virginia, is an American chain of discount variety stores that sells itemsfor $1 or less. Dollar Tree operates 13,600 stores throughout the 48 contiguous U.S. states and Canada and reported annual sales of 15.5B for2015. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Treestore include health & beauty, food, party, housewares, toys, gifts, craft supplies, teaching supplies, automotive, electronics, pet supplies, andbooks. Most Dollar Tree stores also sell frozen foods and dairy items as well. Dollar Tree prides itself by working hard to create an environmentwhere shopping is fun. Every Dollar Tree store is bright and well lit, clean and well organized, and stocked with endless hidden treasures! Just asimportant, they continue to offer their customers products they need at extreme values!

Continental Credit, a division of Security Finance, offers traditional installment loans, which have set whole dollar monthly payments over adefined period of time. The vision of the Company’s founder, Jesse L. Bridges, was to fulfill the financial needs of people in the community andprovide superior service while doing so. Mr. Bridges opened the first office in October 1955 and the company has continued success by alsoimplementing best practices and being an innovator in an ever-changing business world. Continental Credit’s mission is to provide fast andfriendly service to their customers that meets their financial needs and significantly exceeds their expectations; to provide a positive andrewarding work environment for their employees founded on mutual respect and teamwork; to continue profitable growth and increased valuefor shareholders; to make personal and financial contributions to the communities in which we operate in a spirit of shared responsibility




Tenant ProfilesNET LEASED INVESTMENT GROUP

Rue 21

Cash Store

Gr8 Smiles

Rue 21, headquartered in the Pittsburgh suburb of Warrendale, is a specialty discount retailer of young men and women’s casual apparel andaccessories, and is the largest fast-fashion growth retailer in the nation.Rue 21 operates over 1,100 stores in 48 states in shopping malls, outletsand strip centers and offer their own brands. in addition to other brands in its stores to create merchandise excitement and differentiation in itsstores. By working directly with the market, Rue 21 strives to react instantly to produce new trends and must-have styles that don’t existanywhere else. The company is passionate about giving their customers a voice and the right to express themselves way they want. In May 2003after undergoing voluntary reorganization, Rue 21 set out an ambitious plan to expand its 170 stores over the next five years. Their ability toexpand into under-served markets is evident by the store growth from their 500th store in Harlingen, TX on July 23, 2009 through November 14,2013, when they opened their 1000th store in Enid, Oklahoma.

For close to 20 years, the Cash Store has provided emergency cash loans to help customers finance unexpected expenses. They havea long history as a reputable personal lending company where qualified customers can have their cash advance approvedquickly—with absolutely NO credit history or credit score required. The Cash Store has been in business since 1996 operating in 7States: Idaho, Illinois, Michigan, New Mexico, Texas, Utah, Wisconsin with over store 320 locations. What truly sets them apart fromother personal lending companies is their commitment to the people they serve. Regardless of how much cash you receive or whichof their loan services works best for you, their experienced staff will work to make the entire loan application and approval processas simple as possible.

Gr8 Smiles is a general dental health provider for both children and adults in Levelland, Texas. Dr. Ronald Rezi and his staff workdiligently to provide first-rate dental services by welcoming the entire family. They provide preventative care, as well as diagnosticand restorative care. Gr8 Smiles strives to deliver the quality care all patients deserve in a fun and friendly environment.




Additional PhotosNET LEASED INVESTMENT GROUP

LOCATION INFORMATION

2LOCATION INFORMATION

Local Economy

South Plains College

Levelland Aerial

Regional Map

Aerial Map

Retailer Map

SECTION 2:



Levelland,TX

“Levelland,TexasisavibrantcommunityofhardworkingpeopleonthesouthplainsofnorthwestTexas.Locatedintheheartofthe5-stateregioncomprisedofTexas,NewMexico,Colorado,Kansas,andOklahomathecommunityisblessedwithnaturalresourcesthatdriveathrivingeconomydominatedbyagricultureandenergyproduction.Agricultureproductsincludegrain,grapes/wineandpeanutproductionamongothers,butcottonisking.About

twenty-fivepercentoftheworld’scottonisgrownintheLevellandarea.Communityprideisevidencedthroughoutthecityfromtheschoolsystemtocityparks,thedowntownbusinessdistrict,LevellandIndustrialRailParkandmore.FirstclasscollegeeducationandworkforcetrainingareprovidedthroughSouthPlainsCollegeamajorcommunitypartner.”

IndustrialRailPark

“TheLevellandIndustrialRailParkisa243-acrerailandnon-railservedindustrialparkstrategicallylocatedontheSouthPlainsofWestTexas;whichwasdevelopedbytheLevellandEconomicDevelopmentCorporation.ItwascompletedinNovember2010;theparkincludes20,000linearfeetof132#railwithconcreterailroadties.Ithasshovelreadyindustrial,distribution,andmanufacturingsites;ranginginsizefromfive(5)tosixty(60)acres.ItisconvenientlylocatedWestofLubbock,TexasandahourfromaClass1railinterchangewiththeBNSFRailway.Theparkislocated30minuteswestofInterstateHighway27anddirectlybetweenInterstateHighway20(south)andInterstateHighway40(north)forconvenientaccesstocrosscontinenttruckingroutes.Levellandisjustsixty(60)minutesfromaBNSFinterchangepointinLubbock,Texas.Formorethan150years,BNSFRailwayhasbeenquietlydeliveringproductfoundinhomesandbusinesses.Todaytheirfocusisonusingspeed,agility,andresourcefulnesstohelpexpandtheglobalmarketplaceforgoodsandservices.”

-LevellandEconomicDevelopment(http://www.golevelland.com)

Local EconomyNET LEASED INVESTMENT GROUP




SouthPlainsCollege “SouthPlainsCollegeisacomprehensive,two-yearcommunitycollegethatservesthegreaterSouthPlainsareaofTexaswithinnovativeeducationalprogramsthatspantheartsandsciences,technicaleducation,continuingeducationandworkforcedevelopment.Servinga15-countyareathatcomprisesthesouthernportionoftheTexasHighPlains,thecollege'smaincampusislocatedinLevelland.SPCmaintainstwoextensioncentersinLubbockthatarelocatedattheReeseCenterandtheByronMartinAdvancedTechnologyCenter.AdditionalextensioncentersaremaintainedinPlainview,MuleshoeandDenverCity.Thecollege'seducationalprogramincludesacademictransfercourseswhichparallel

universityprogramsforstudentswhoplantoearnabachelor'sdegree.SPCalsomaintainsadiverseofferingofoneandtwo-yeartechnicalprogramsforstudentswhowanttodevelopspecificjobskillsandthenentertheworldofwork.SouthPlainsCollegealsoprovidesshort-termtrainingandworkforcedevelopmentprogramsinavarietyofformatswhichhelpindividualsgainmarketableskillsforimmediateemploymentorthathelpthemupgradeexistingskillstomeetemergingjobtechnologies.ThroughitsDivisionofContinuingEducationandWorkforceDevelopment,thecollegeisanactiveparticipantinthearea'seconomicdevelopmentefforts.SPCtakesgreatprideinitsteachingfacultyanditsteachingfacilities.Instructorsarehighlyqualifiedintheirrespectiveareasofstudy.Butmoreimportantly,theyareassociatedwithSPCbecausetheywanttoteach.Thecollege'sinstructionalfacilitiesarealsoexcellent.Studentslearninmodern,comfortableclassroomsandlabsthathousesomeofthemostcurrentteachingequipmentavailable.Hands-ontrainingandteachingconceptsareanintegralpartoftheeducationalphilosophy.Additionally,thereisacommitmenttointroducingstudentstoadvancedtechnologiesandcomputerapplicationsinallareas.Morethan9,000studentstakeadvantageoftheeducationalofferingsavailableatSPCeachsemester,andnearlyhalfofallSPCstudentsarethefirstintheirfamiliestoattendcollege.Anadditional5,600studentsenrollinnon-creditcontinuingeducationorworkforcedevelopmentprogramseachyear.Overall,thecollegeservesmorethan17,000individualsannuallythroughitsvariouseducationalprograms.SouthPlainsCollege'saccessibility,itsexcellentfacilities,anditsqualified,friendlyteachersarewhatbringaboutstudentsuccessatSPC.Personalattentioninandoutoftheclassroomisawayoflife.” -SouthPlainsCollege(https://www.southplainscollege.edu/about-spc.php)

South Plains CollegeNET LEASED INVESTMENT GROUP




South Plains CollegeSouth Plains College

Levelland CountryClub

Levelland CountryClub

SUBJECT

Levelland MiddleSchool

Cactus ElementarySchool

Levelland HighSchool

Levelland, TXLevelland, TX

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Levelland AerialNET LEASED INVESTMENT GROUP







501 E Hwy 114

Regional MapNET LEASED INVESTMENT GROUP




Aerial MapNET LEASED INVESTMENT GROUP

Retailer MapNET LEASED INVESTMENT GROUP




FINANCIAL ANALYSIS

3FINANCIAL ANALYSIS

Rent Roll

Income & Expenses

Financial Summary

SECTION 3:



TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASESTART

LEASEEND

ANNUALRENT

% OFGLA

PRICEPER SF/YR

Hibbett Sports 102 5,000 10/10/2008 8/31/2017 $61,900 22.25 $12.38

Dollar Tree 108 8,000 1/09/2008 4/30/2017 $68,000 35.6 $8.50

Rue 21 114 4,320 3/13/2009 1/31/2017 $61,992 19.23 $14.35

Cash Store 118 1,600 1/12/2007 6/30/2019 $35,200 7.12 $22.00

Gr8 Smiles 122 1,775 5/23/2014 4/30/2019 $28,400 7.9 $16.00

Security Finance (Continental Credit) 126 1,775 5/01/2014 4/30/2019 $19,791 7.9 $11.15

Totals/Averages 22,470 $275,283 $12.25

1. Hibbett Sports has two (2) - 5 year options remaining with 10% increases at each option period.

2. Dollar Tree has three (3) - 5 year options remaining with 5% increases at each option period.

3. Rue 21 has three (3) - 5 year options remaining with 10% increases at each option period.

4. The Cash Store has one (1) - 5 year option remaining with a 10% increase at the option period.

5. Gr8 Smiles has two (2) - 5 year options remaining at the prevailing market rate.

6. Security Finance (Continental Credit) has two (2) - 5 year options remaining at the same terms.




Rent RollNET LEASED INVESTMENT GROUP

INCOME OVERVIEW (PROFORMA) INCOME & EXPENSE

GROSS SCHEDULED RENTS (@ 100% OCC.) $275,283plus: Operating Cost Recoveries (@ 92% Occ.) $65,743less: Vacancy @ 5% (Proforma) -$13,765

GROSS INCOME (PROFORMA) $327,261

OPERATING EXPENSES (PROFORMA) INCOME & EXPENSE

Management / Administrative (3.5%) $11,455Common Area Maintenance $26,957Property Taxes $35,281Property Insurance $9,144

TOTAL OPERATING EXPENSES $82,837

NET OPERATING INCOME (PROFORMA) INCOME & EXPENSE

NET OPERATING INCOME (Before Capital Reserves - Proforma) $241,053less: Capital Reserves - $3,371

NET OPERATING INCOME (After Capital Reserves - Proforma) $237,682




Income & ExpensesNET LEASED INVESTMENT GROUP




INVESTMENT OVERVIEW (PROFORMA) FINANCIALS

Value / Price $3,700,000Price per S.F. $164.66CAP Rate (Yr. 1) 6.51%Cash-on-Cash Return % (B/T, Yr. 1) 6.56%Internal Rate of Return (before tax) (10 yr. hold) 12.38%

OPERATING DATA (PROFORMA) FINANCIALS

Gross Scheduled Rents (@ 100% Occ.) $275,283plus: Operating Cost Recoveries (@ 92% Occ.) $65,743less: Vacancy @ 5% -$13,765

Gross Income $327,261less: Operating Expenses - $79,466

Net Operating Income $247,795less: Capital Reserves - $3,371

Net Operating Income (after Capital Reserves) $244,424

FINANCING DATA (PROFORMA) FINANCIALS

Value / Price $3,700,000Down Payment Amount ( 25%) $925,000Loan Amount ( 75%) $2,775,000Interest Rate 4.25%Amortization Term 25Debt Service (Annually) $180,398Debt Coverage Ratio (DCR) (Yr.1) 1.34Cash Flow (After Debt Service, B/T, Yr. 1) $64,028Cash-on-Cash Return % (B/T, Yr. 1) 6.56%

Financial SummaryNET LEASED INVESTMENT GROUP

DEMOGRAPHICS

4DEMOGRAPHICS

Demographics - 5 Minute Drive Time



SECTION 4:



Census 2010 2015 2020

10,954 11,166 11,545

3,878 3,959 4,109

2,742 2,786 2,885

2.7 2.68 2.68

2,432 2,423 2,500

1,446 1,536 1,609

29.8 30.6 32

Area State National

0.67% 1.52% 0.75%

0.75% 1.54% 0.77%

0.70% 1.49% 0.69%

0.63% 1.47% 0.70%

3.39% 2.84% 2.66%

Number Percent Number Percent

805 20.3% 769 18.7%

581 14.7% 501 12.2%

377 9.5% 343 8.3%

479 12.1% 490 11.9%

840 21.2% 911 22.2%

421 10.6% 541 13.2%

336 8.5% 399 9.7%

99 2.5% 127 3.1%

22 0.6% 27 0.7%

$40,698 $48,069

$50,917 $57,149

$18,114 $20,350

Summary

Median Age

Population

Households

Families

Population

Households

Families

Per Capita Income

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Trends

Households

$35,000 - $49,999

$50,000 - $74,999

$75,000 - $99,999

$100,000 - $149,999

$150,000 - $199,999

$200,000+

Owner HHs

Median HH Income

Census 2010 2015 2020

15,683 15,987 16,530

5,629 5,752 5,973

4,039 4,105 4,250

2.68 2.66 2.65

3,792 3,786 3,901

1,837 1,966 2,072

32.2 32.8 34.1

Area State National

0.67% 1.52% 0.75%

0.76% 1.54% 0.77%

0.70% 1.49% 0.69%

0.60% 1.47% 0.70%

2.13% 2.84% 2.66%


1,046 18.2% 989 16.6%

743 12.9% 637 10.7%

494 8.6% 448 7.5%

680 11.8% 692 11.6%

1,236 21.5% 1,296 21.7%

702 12.2% 872 14.6%

566 9.8% 664 11.1%

218 3.8% 290 4.9%

68 1.2% 83 1.4%

$47,565 $52,854

$57,417 $64,401

$20,919 $23,520

Summary

Median Age

Population

Households

Families

Population

Households

Families

Per Capita Income




Trends

Households

$35,000 - $49,999

$50,000 - $74,999

$75,000 - $99,999

$100,000 - $149,999

$150,000 - $199,999

$200,000+

Owner HHs

Median HH Income

Census 2010 2015 2020

36,326 38,062 39,901

13,310 14,013 14,728

9,327 9,720 10,169

2.67 2.66 2.65

9,003 9,174 9,615

4,307 4,839 5,123

32.1 32.9 33.8

Area State National

0.95% 1.52% 0.75%

1.01% 1.54% 0.77%

0.91% 1.49% 0.69%

0.94% 1.47% 0.70%

20.90% 2.84% 2.66%


2,113 15.1% 2,037 13.8%

1,741 12.4% 1,432 9.7%

1,200 8.6% 1,106 7.5%

2,056 14.7% 2,089 14.2%

2,754 19.7% 2,907 19.7%

1,840 13.1% 2,300 15.6%

1,525 10.9% 1,853 12.6%

494 3.5% 661 4.5%

289 2.1% 353 2.4%

$48,987 $54,327

$61,430 $69,113

$23,003 $25,943

Summary

Median Age

Population

Households

Families

Population

Households

Families

Per Capita Income




Trends

Households

$35,000 - $49,999

$50,000 - $74,999

$75,000 - $99,999

$100,000 - $149,999

$150,000 - $199,999

$200,000+

Owner HHs

Median HH Income

ADVISOR BIOS

5ADVISOR BIOS

Jordan Wood, CCIM

Parker Carroll, CCIM

Back Page

SECTION 5:



T 806.784.3224C [email protected]




Investment Sales Specialist

• Joined Coldwell Banker Commercial Rick Canup, Realtors in January 2012 as a Retail & Investment Sales Specialist• Member of Lubbock Association of Realtors• Licensed by the Texas Real Estate Commission

• #1 Coldwell Banker Commercial office in Texas for 2010, 2011, 2012, 2013, 2014, and 2015• #5 Coldwell Banker Commercial office nationally in 2012• #7 Coldwell Banker Commercial office nationally in 2013• #6 Coldwell Banker Commercial office nationally in 2014• #8 Coldwell Banker Commercial office nationally in 2015

• Certified Commercial Investment Member (CCIM)• Licensed By the Texas Real Estate Commission• Member of (ICSC) International Council of Shopping Centers• Graduate of Emerging Broker Training, 2012 Coldwell Banker• Member of Young Professionals of Greater Lubbock• Member of the Lubbock Association of Realtors, and National Association of Realtors.

• Commercial Retail Brokerage & Leasing• Shopping Center & Single Tenant Net Leased Asset Sales

• South Plains College, Levelland, Texas• Associate's Degree in Business• Emerging Broker Training

• EdR - Education Realty Trust 2400 Glenna Goodacre Blvd. Lubbock, TX - 22,000 SF• Tea2Go Corporate West Texas Locations• N3 Real Estate Lubbock, TX - 4 Locations• NetCo - Ray Bayat Lubbock, TX - Caprock Shopping Center

REAL ESTATE EXPERIENCE

AFFILIATIONS & AWARDS

REAL ESTATE EDUCATION & CIVIC ORGANIZATION

PRIMARY SPECIALTY

EDUCATION

NOTABLE CLIENTS — Current & Previous

JORDAN WOOD, CCIM

Jordan Wood, CCIMNET LEASED INVESTMENT GROUP




T 806.784.3304C 806.438.8188F [email protected]

CEORICK CANUP, CCIM

Parker Carroll, CCIMNET LEASED INVESTMENT GROUP

• CEO, Owner, and Principal Broker of Coldwell Banker Commercial Capital Advisors since 1977• REO and Distressed Asset Management and Disposition Services• Institutional Consultant regarding the maximization of Property Value Enhancement• Real Estate Asset Analysis and Marketing Strategies• Site Selection for Development Opportunities

• #1 Coldwell Banker Commercial office in Texas for 2010, 2011, 2012, 2013, 2014, and 2015.• #5 Coldwell Banker Commercial office globally in 2012• #7 Coldwell Banker Commercial office globally in 2013• #6 Coldwell Banker Commercial office globally in 2014• #8 Coldwell Banker Commercial office globally in 2015• 2011 Recipient of the Prestigous CBC Halter/Case Leadership Award out of 3,000 Brokers & Agents• 2014 Recipient of the prestigious Coldwell Banker Chandler Barton Spirit Award out of 88,000 Brokers & Agents• Previously served on the 9-member President’s Advisory Board for Coldwell Banker Commercial Corporate 2011 through 2013• 3 times Mentor/Protege of the Year for Coldwell Banker Commercial in 2006, 2008 and 2010• (CCIM) Certified Commercial Investment Member, 1983.• Certified Apartment Specialist, Coldwell Banker Commercial, 1983• Certified Land Specialist, Coldwell Banker Commercial, 1984• REALTOR® of the Year, 1990, Lubbock Association of REALTORS® - President, 1991 - Chairman of Board,

1992 - Distinguished Service Award, 2010• Various sales and management awards - Coldwell Banker Commercial• Member of ICSC –International Council of Shopping Centers• Licensed by the Texas Real Estate Commission since 1974

• NNN Investments, Multi-Family & Land

• Co-Regional Director of the Southern Central region of the CBC MultiFamily Group, Coldwell Banker Commercial (South Region consists ofTexas, Oklahoma, Kansas, New Mexico, and Colorado).

• Led our team of professionals in the participation of over one billion dollars of brokerage and leasing of commercial real estate in the lastfew years including Multi-Family, Retail, Office, Industrial, and Development Land Assets.

EXPERTISE & STRENGTHS

AFFILIATIONS & AWARDS

PRIMARY SPECIALTY

ACCOMPLISHMENTS

NET LEASED INVESTMENT GROUPLUBBOCK OFFICE4924 S. Loop 289Lubbock, TX 79414806.793.0888



CBCNetLeasedGroup.com

NET LEASED INVESTMENT GROUP

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The Shops at Levelland501 E Hwy 114, Levelland, TX 79336

$3,700,000 | 6.50% cap - loopnet · 2017. 3. 25. · $3,700,000 | 6.50% cap exclusively offered by:...

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