$5,268,480
7.50% Cap Rate
15-Year New Lease
Corporate Guarantee
1.82 LCR
ABSOLUTE NET LEASE ELLA BLVD.
Offering Memorandum
11095 Ella Blvd., Houston TX 77067
2
ABSOLUTE NET LEASE ELLA BLVD.
Offering Memorandum
• 7.5% Cap• Strong Corp Guarantee• Inflationary Resilient• Zero Management• 15-Year Net Lease• 100% Location• LCR 1.82
David B. Fisher, CCIMFuel & Convenience Center Investments
D. (832) 442-2828C. (936) 320-3737
License TX: 691654Activity ID: Z0860154
1450 Lake Robbins Drive, Suite 300The Woodlands, TX 77380
11095 Ella Blvd.Houston, Texas 77067
INVESTMENT SUMMARY…Location Summary
Investment Overview
FINANCIAL ANALYSIS…
Financial Summary
REGIONAL MAP…Aerial Photo
Regional Location
MARKET OVERVIEW…Branded Franchise
Competitive Set
Comparable Sales
Additional Pictures
Market Overview
Demographic Analysis
TABLE OF CONTENTS
5,000 SF| NET INTERIOR AREA |
04
06
10
11
12
15
16
17
25
27
29
ABSOLUTE NET LEASE ELLA BLVD.
4
OFFERING SUMMARY
CHARLOTTE NNN
LOCATION SUMMARY
ABSOLUTE NET LEASE ELLA BLVD.
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S U B J EC T
Ella & Greens Pkwy – 14,000 APD
1. Driscol Place - 440 u2. Worthington Beltway - 326 u3. Fall Lake Apt. - 1244. Pine Lake Village - 96 u5. Bristol Apt. - 248 u6. Live Oak Bend - 252 u
1
6
2
4 53
Industrial @ 2,849,000 SF 1-Mi.A. Amazon Fulfillment Center B. Data FoundryC. Prologis D. SYSCO
A
B
C
D
OFFERING SUMMARY
CHARLOTTE NNN
INVESTMENT OVERVIEW
5
ABSOLUTE NET LEASE ELLA BLVD.
OVERVIEWDavid Fisher, CCIM and Marcus & Millichap have been retained on an exclusive basis andare pleased to present the opportunity to acquire a net leased investment where Zip InZip Out Inc. will be the tenant under a brand new 15-year absolute net lease. The ownersof Zip In Zip Out Inc. have over 80-years of collective experience in developing “Next-Generation” fuel and convenience center investments. The subject property is located at11095 Ella Blvd., Houston, TX. It was constructed in 2016 with improvements consisting ofa spacious “Next Generation” convenience center of approximately 5,000 SF, and aprimary fuel canopy @ 3,000 sf, which are of exceptional design and new construction.Included in the sale-leaseback is a buildable pad that can support a 2,500 SF retailbuilding that could be leased out or build-to-suit by the new owner thereby increasingtotal Cap Rate.
The property consists of approximately 144,619± SF of land (3.32± acres), the marquee signstands on the hard corner of Ella Blvd. and Greens Pkwy. and is visible to over 14,000 north,south, east and westbound daily travelers. Ella Blvd is a major arterial roadway that connects toBeltway 8 with circles downtown Houston. Greens Pkwy serves as a tertiary access point toInterstate Hwy 45.
This exceptional inflationary resilient net leased investment opportunity requires zero landlordresponsibilities and is a result of the developers many years of experience in developing,opening and stabilizing successful fuel and convenience center projects. Zip In Zip Out Inc. isoffering a sale-leaseback arrangement with an initial 15-year obligation with six (6) 5-yearoptions to renew and 10% rental payment increases every 5-years. The lease is backed by strongfinancials from Zip In Zip Out Inc. @ 1.82 Lease Coverage Ratio from EBITDA (See page 16 foradditional corporate information.)
- 5 -
The center consists of a 5 Multiple Product Dispensers (MPDs) with 10 fueling stations and a modern designed convenience store with 15’ highceilings, spacious café & deli, large prep and cold storage areas with extensive office and dry storage space. The property supports thefollowing businesses; a premier national franchise gasoline brand Chevron, local brand “Fresco Grille”, Zip In Zip Out convenience center, andan off-site beer & wine license.
OFFERING SUMMARY
CHARLOTTE NNN
INVESTMENT OVERVIEW
6
ABSOLUTE NET LEASE ELLA BLVD.
MINI-MART
The convenience store includes a Mini-Mart with an off-site beer and wine license, aquick service restaurant (QSR) Fresco Grille, and a well stocked convenience center.Visitors to Zip In Zip Out convenience centers have come to expect a friendly place to sit,relax and enjoy quality food and competitively priced fuel in a clean and safeenvironment.
The building envelope is approximately 5,000± square feet and has stucco over steelframe construction over a concrete foundation and slab floor. The roof cover is buildupcomposition. The interior ceiling has a 15± feet elevation above slab with the top of theroof deck being 17± feet above grade. The building contains a four foot high parapetextending the exterior North, South and East facing walls to a 21± foot elevation abovegrade.
DISPENSER CANOPYThe facility contains one fuel canopy containing approx. 3,000 square feet ofarea. The canopy is brightly lit by advanced high-luminescence light-cans and isof metal frame construction supported by modern Chevron-design metal-poledispensing islands.
The five double-sided fuel dispensers (10 fueling stations) offer customers threegrades of gasoline (regular, midgrade and premium) and a separate dieseldispenser.
- 6 -
Chevron Zip in Zip Out was specifically designed and targeted toward the local commuter, and neighborhood community that includesover 1,500 apartment units within easy walking distance to the property.
OFFERING SUMMARY
CHARLOTTE NNN
INVESTMENT OVERVIEW
7
ABSOLUTE NET LEASE ELLA BLVD.
UNDERGROUND FUEL TANKS
The property contains four underground fuel tanks with leak monitor systems,containment basins and related safety and EPA required improvements, whichwere all installed new in 2016. The underground tank installations conform to2016 government requirements.
Four underground tanks have a combined 30,000-gallon gasoline capacity. Theprimary gasoline tank with a 20,000 gallon capacity, and two additional gasolinetanks at 5,000-gallon capacities each.
The gasoline tanks are partitioned into three compartments providing a regular,midgrade and premium grade of gasoline. All tanks are designed with double wall,fiber-coated metal construction
YARD IMPROVEMENTS
The site has a concrete surface throughout including the fuel canopy area andabove the underground tank areas. The site has 26 automobile parking spaces inaddition to two handicapped spaces.
o Trash enclosure
o Air and water station
o Hard corner monument sign
o Turnkey buildable pad @ 2,500 SF net.
- 7 -
OFFERING SUMMARY
CHARLOTTE NNN
INVESTMENT OVERVIEW
8
ABSOLUTE NET LEASE ELLA BLVD.
FEATURES
o Expansive merchandise display with the cashier counter strategically located toward the north side (right at entry) of the floor area with ample unrestricted space for customer movement in front.
o Deli food preparation area at the northwest area of the interior.
o Fresco Grille restaurant with convenient interior tables and chairs at the southeast corner of the interior space.
o Spacious top rated stainless steel walk-in coolers with 22 reach-in shelves serving both the convenience store and the restaurant/deli operation.
o Labor conscious gravity flow re-stock-dispensing shelves behind each cooler door.
o Separate men’s and women’s restrooms with extensive use of marble on walls and floor exemplify the owners commitment to quality in design details and construction.
o Large uncongested back-of-house prep and kitchen area for the Fresco Grille and Deli.
o Large stainless steel walk-in freezer located within the walk-in refrigerator.
o Climate controlled “door ajar” alert system in all walk-in coolers & freezer.
o Dry storage area and large private office.
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#
OFFERING SUMMARY
#
ABSOLUTE NET LEASE ELLA BLVD
9
ABSOLUTE NET LEASE ELLA BLVD.
9
OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES *
Exlp Finance Corp 5,008
Lufkin Industries LLC 4,700
A B S Americas 2,056
Vallen Safety Supply Company 2,000
Williams Brothers Cnstr Co Inc 1,713
Newfield Exploration 1,500
Reed Academy For Engineering 1,100
CHI St Lukes Health 1,009
Schneider Electric 842
STERLING 800
TAS Commercial Concrete LLC 779
B & G Foods 774
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2017 Estimate Pop 8,302 133,774 314,463
2010 Census Pop 7,687 119,337 278,591
2017 Estimate HH 2,903 40,902 94,641
2010 Census HH 2,708 36,985 84,818
Median HH Income $32,560 $35,753 $40,011
Per Capita Income $13,549 $14,378 $15,788
Average HH Income $38,755 $47,016 $52,438
* # of Employees based on 5 mile radius
PROPERTY SUMMARY
THE OFFERING
Property Absolute Net Lease S Sam Houston
Property Address 11095 Ella Blvd.
Houston, TX 77067
Price $5,268,480
Capitalization Rate 7.50%
Price/SF $1,023.01
PROPERTY DESCRIPTION
Year Built / Renovated 2016
Gross Leasable Area 5,150 SF
Zoning Retail / Commercial
Type of Ownership Fee Simple
Lot Size 3.32 Acres
LEASE SUMMARY
Property SubtypeNet Leased Auto Service -
Gas/Conv
Tenant Zip In Zip Out Inc
Rent Increases 10% each 5-years
Guarantor Corporate Guarantee
Lease Type Absolute Net
Lease Commencement At Close of Escrow
Initial Lease Term 15-Years
Renewable Options Six (5) Year Options
Landlord Responsibility Zero
Tenant Responsibility 1
Right of First
Refusal/OfferNo
Note: The sale includes an add value component with an adjacent ready build retail pad that can support an additional 2,500 SF. Perfect for a build-to-suit, or lease as-is. Either way it is a real opportunity to increase yield for the new owner.
#
OFFERING SUMMARY
#
ABSOLUTE NET LEASE ELLA BLVD.
10
OFFERING SUMMARY
CAP Rate Price Price/SFInitial
Cash-on-Cash
LEASE SUMMARY7.80% $5,068,480 $984.17 9.62%
7.65% $5,168,480 $1,003.59 9.12%
7.50% $5,268,480 $1,023.01 8.63% Tenant:Absolute Net Lease S Sam
Houston
7.36% $5,368,480 $1,042.42 8.17% Guarantor: Corporate Guarantee
7.23% $5,468,480 $1,061.84 7.72% Credit Rating: Regional
Rent Commencement: At Close of Escrow
Operating Information Initial Lease Term 15-Years
NOI as of 2023 $395,136
Options:
2023 @ $434,136
2028 @ $478,114
2033 @ $525,926
2038 @ $578,519
2043 @ $636,370
Rent/SF $76.73
Gross Leasable Area 5,150 SF
Financing Lease Type: Absolute Net
New Acquisition Financing $3,687,936
Loan To Value 70.00%$76.73/SF
$6.39/SF/Month
$395,136 Annual Rent
Interest Rate 5.00% Base Rent:
Amortization Period 25 Years
Loan Constant 7.02%
Annual Debt Service Payment $258,712Rent Increases: 10% each 5-years
Year 1 Debt Service Coverage 1.53
Year 1 Debt Yield 10.71%
Year 1 Net Cash Flow After Debt Service $136,424
11
Include Operating Expenses: NoANNUALIZED OPERATING
INFORMATION# of Rent Schedule Lines: 6
INCOME Year of Next Rent Increase: 2023
Net Operating Income $395,136 New Annual Rent Amount: $434,649
RENT SCHEDULE
YEAR ANNUAL RENT MONTHLY RENT RENT/SF CAP RATE
Current $395,136 $32,928 $76.73 7.50%
2023 $434,649 $36,221 $84.40 8.25%
2028 $478,114 $39,843 $92.84 9.07%
2033 $525,926 $43,827 $102.12 9.98%
2038 $578,519 $48,210 $112.33 10.98%
2043 $636,370 $53,031 $123.57 12.08%
2048 $700,007 $58,334 $135.92 13.29%
ABSOLUTE NET LEASE ELLA BLVD.
OFFERING SUMMARY
AERIAL PHOTO
ABSOLUTE NET LEASE ELLA BLVD.
12
REGIONAL MAP
ABSOLUTE NET LEASE ELLA BLVD.
13
PROPERTY PHOTO
ABSOLUTE NET LEASE ELLA BLVD.
14
PROPERTY PHOTO
ABSOLUTE NET LEASE ELLA BLVD.
15
GLOBAL NATIONAL BRANDING
#
ABSOLUTE NET LEASE ELLA BLVD.
16- 16 -
o Chevron Corporation is an American multinational energy corporation.One of the successor companies of Standard Oil, it is headquartered in SanRamon, California, and active in more than 180 countries. Chevron is oneof the world's largest oil companies; as of 2017, it ranked nineteenth inthe Fortune 500 list of the top US closely held and public corporations.
o Zip In Zip Out Convenience Center is a Texas based company founded bythree brothers highly respected in the Houston community with acombined 80+ years of Fuel & C-Store industry experience successfullydeveloping and having owned and operated over 30 fuel and conveniencecenter properties. In 2016 they developed the Zip In Zip Out "NextGeneratiom" C-Store concept that addresses the changing demands of thetravelling public and local communities where the stores are located. Theowners have retained six Zip In Zip Out branded stores within the Houstonarea.
o The Zip In Zip Out brand has become the “Next-Generation” fuel andconvenience center standard by which other similar asset types aremeasured. Quality design, construction, and strong management willgenerate safe passive-investment returns for the investor. The investmentis backed by a strong balance sheet, a 1.82 LCR with zero managementresponsibilities. The new lease will indemnify investor 100% from anyenvironmental concerns as the tenant will remain 100% accountable.Note: Owners have a perfect environmental record!
MARKETOFFERING SUMMARY
CHARLOTTE NNN
COMPETITIVE SET
#
ABSOLUTE NET LEASE ELLA BLVD.
17- 17 -
Competitive Set 1-mi
Subject @ 5,000 sfBuilt: 2016
1. Valero @ 3,600 sfBuilt: 1983
2. Chevron @ 4,589 sfBuilt: 2018
3. Texaco @ 6,000 sfBuilt: 1995
1
2
3
MARKET
COMPARABLESCOMPARABLES
OFFERING SUMMARY
CHARLOTTE NNN
NORTH HOUSTON, TX
#
ABSOLUTE NET LEASE ELLA BLVD.
18- 18 -
ABSOLUTE NET LEASE ELLA BLVD.
COMPARABLES MAP
19
ABSOLUTE NET LEASE ELLA BLVD
(SUBJECT)
Jiffy Lube
Jiffy Lube
Stripes Convenience Store
7–Eleven and Shell Gas
and Convenience Station
Stripes
7-Eleven
Circle K
Murphy Express Ground
Lease
7-11 VALLEY RIDGE
SALES COMPARABLES
1
2
3
4
5
7
8
6
9
20
PROPERTY NAMEABSOLUTE NET LEASE ELLA BLVD
SALES COMPARABLES
Avg. 5.93%
0.0
0.8
1.6
2.4
3.2
4.0
4.8
5.6
6.4
7.2
8.0
ABSOLUTENET LEASEELLA BLVD
StripesConvenience
Store
7–Elevenand ShellGas and
ConvenienceStation
Stripes 7-Eleven Circle K MurphyExpressGroundLease
7-11 VALLEYRIDGE
Average Cap Rate
Avg. $1,017.88
$0.00
$300.00
$600.00
$900.00
$1,200.00
$1,500.00
$1,800.00
$2,100.00
$2,400.00
$2,700.00
$3,000.00
ABSOLUTENET LEASEELLA BLVD
StripesConvenience
Store
7–Elevenand ShellGas and
ConvenienceStation
Stripes 7-Eleven Circle K MurphyExpressGroundLease
7-11 VALLEYRIDGE
Average Price Per Square Foot
SALES COMPARABLES SALES COMPS AVG
PROPERTY NAME
MARKETING TEAM
ABSOLUTE NET LEASE ELLA BLVD
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
21
SALES COMPARABLES
SUBJECT PROPERTY
Asking Price $5,268,480
Price/SF $1,023.01
CAP Rate 7.50%
GLA 5,150 SF
Lot Size 3.32 acre(s)
Year Built 2016
ABSOLUTE NET LEASE ELLA BLVD11095 Ella Blvd, Houston, TX, 77067
1
Close Of Escrow 3/20/2015
Days On Market 281
Sales Price $3,100,000
Price/SF $770.00
CAP Rate 7.05%
GLA 4,026 SF
Year Built 2002
STRIPES CONVENIENCE STORE4420 West University Drive, Edinburg, TX, 78539
2
Close Of Escrow 3/4/2016
Sales Price $2,882,296
Price/SF $480.38
CAP Rate 5.75%
GLA 6,000 SF
Year Built 1990
7–ELEVEN AND SHELL GAS AND CONVENIENCE STATION26730 East Highway 380, Little Elm, TX, 76227
PROPERTY NAME
MARKETING TEAM
ABSOLUTE NET LEASE ELLA BLVD
SALES COMPARABLES
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
22
SALES COMPARABLES
3
Close Of Escrow 2/18/2016
Days On Market 129
Sales Price $4,195,000
Price/SF $840.51
CAP Rate 6.43%
GLA 4,991 SF
STRIPES708 US Hwy 77, Schulenburg, TX, 78956
4
Close Of Escrow 4/26/2018
Days On Market 356
Sales Price $3,402,709
Price/SF $719.69
CAP Rate 6.40%
GLA 4,728 SF
Lot Size 1.39 acre(s)
Year Built 2006
7-ELEVEN5500 West MIle 7 Road , Mission, TX, 78574
5
Close Of Escrow 11/8/2017
Sales Price $2,570,000
Price/SF $854.10
CAP Rate 6.00%
GLA 3,009 SF
Lot Size 0.55 acre(s)
Year Built 1999
CIRCLE K1701 S 10th St, McAllen, TX, 78503
NAP
PROPERTY NAME
MARKETING TEAM
ABSOLUTE NET LEASE ELLA BLVD
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
23
SALES COMPARABLES
6
Close Of Escrow 7/3/2018
Days On Market 91
Sales Price $2,912,621
Price/SF $2,427.18
CAP Rate 5.15%
GLA 1,200 SF
Lot Size 1.24 acre(s)
Year Built 2018
MURPHY EXPRESS GROUND LEASEAlt Highway 90 & University Blvd, Sugar Land, TX, 77478
7
Close Of Escrow 12/30/2016
Sales Price $3,100,000
Price/SF $1,033.33
CAP Rate 4.72%
GLA 3,000 SF
Year Built 1998
7-11 VALLEY RIDGE900 Valley Ridge Blvd, Lewisville, TX, 75077
OFFERING SUMMARY
CHARLOTTE NNN
ADDITIONAL PICTURES
24
ABSOLUTE NET LEASE ELLA BLVD.
- 24 -
OFFERING SUMMARY
CHARLOTTE NNN
25
ABSOLUTE NET LEASE ELLA BLVD.
MISCELANEOUS PICTURES
- 25 -
ECONOMY▪ The economy is diversifying to include biotechnology, distribution, nanotechnology and
logistics; the metro is the center of the energy production with roughly 260,000 workers.
▪ Local product manufacturing is a large segment of the economy and includes paper,
electrical and electronic machinery, iron, steel and petrochemicals.
▪ Healthcare is gaining economic prominence. Specialized medical education and training
institutions boost the local economy and supply a growing hospital system.
▪ The Port of Houston is one of the country’s busiest for exports, supplying thousands of jobs
and generating billions of dollars in revenue.
SHARE OF 2017 TOTAL EMPLOYMENT
MAJOR AREA EMPLOYERS
Memorial Hermann Healthcare System
University of Texas
The Kroger Co.
Exxon Mobil Corp.
Shell Oil Co.
Houston Methodist
United Continental Holdings
Baker Hughes Inc.
CHI St. Luke’s Health
Hewlett Packard Enterprise* Forecast
MANUFACTURING8%
GOVERNMENT
HEALTH SERVICES
EDUCATION AND
OTHER SERVICES AND MINING
+NATURAL RESOURCES
3%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
20%
AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
4%INFORMATION AND
16%
7%
14% 10% 5%
13%
ABSOLUTE NET LEASE ELLA BLVD
26
DEMOGRAPHICS
▪ The Houston metro is expected to add 506,600 people through 2022 and roughly
111,500 of these residents will be millennials in the 20- to 34-year-old cohort.
▪ During the same period, nearly 229,500 households will be formed, generating
demand for housing.
▪ The homeownership rate of 61 percent is below the national rate of 64 percent. The
median home price of $247,200 is also below that the U.S.
Outdoor activities abound in Houston as a result of the city’s favorable location and climate.
More than a dozen state parks and recreation areas lie within a short drive of Houston, as
well as more than 500 parks and open spaces and various cultural venues and museums.
Johnson Space Center is a popular tourist and educational destination. The metro is also
known internationally for its medical community and is home to the Texas Medical Center,
the largest of its kind in the world. Houston is home to four professional sports teams: the
Houston Texans, the Houston Astros, the Houston Rockets and the Houston Dynamo.
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s
Analytics; U.S. Census Bureau
QUALITY OF LIFE
2017 Population by Age
0-4 YEARS
7%5-19 YEARS
22%20-24 YEARS
7%25-44 YEARS
29%45-64 YEARS
24%65+ YEARS
10%
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
ABSOLUTE NET LEASE ELLA BLVD
34.1
2017MEDIAN AGE:
U.S. Median:
37.8
$60,300
2017 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$56,300
6.9M
2017POPULATION:
Growth2017-2022*:
7.4%
2.4M
2017HOUSEHOLDS:
9.6%
Growth2017-2022*:
27
MARKETING TEAM
Source: © 2015 Experian
PROPERTY NAME
#
CREATED ON SEPTEMBER 10, 2018
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEABSOLUTE NET LEASE ELLA BLVD
PRICING AND VALUATION MATRIX
PROPERTY NAMEABSOLUTE NET LEASE ELLA BLVD.
28
DEMOGRAPHICS
1 Miles 3 Miles 5 Miles
POPULATION
2022 Projection 9,322 143,018 335,767
2017 Estimate 8,302 133,774 314,463
2010 Census 7,687 119,337 278,591
2000 Census 5,379 90,662 213,151
INCOME
Average $38,755 $47,016 $52,438
Median $32,560 $35,753 $40,011
Per Capita $13,549 $14,378 $15,788
HOUSEHOLDS
2022 Projection 3,254 44,659 103,408
2017 Estimate 2,903 40,902 94,641
2010 Census 2,708 36,985 84,818
2000 Census 2,200 29,623 69,765
HOUSING
2017 $111,435 $111,238 $111,248
EMPLOYMENT2017 Daytime Population
14,384 143,411 300,654
2017 Unemployment 8.07% 6.37% 6.07%
2017 Median Time Traveled
32 31 32
RACE & ETHNICITY
White 29.31% 32.72% 34.76%
Native American 0.02% 0.06% 0.06%
African American 38.50% 33.84% 31.91%
Asian/Pacific Islander
6.12% 5.33% 6.63%
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap andshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the futureprojected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, thecompliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans orintentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus &Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forthherein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name isnot intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, orcommercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
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TEXAS BROKERAGE | SERVICES FORM
INFORMATION ABOUT BROKERAGE SERVICESTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKER is responsible for all brokerage activities, 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 information about the property or transaction received by the broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction 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 written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information 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 written
representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:Must treat all parties to the transaction impartially and fairly;
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Information available at www.trec.texas.govRegulated by the Texas Real Estate Commission
IABS 1-0
Marcus & Millichap 9002994 [email protected] 972-755-5200Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone
Tim A. Speck 432723 [email protected] 972-755-5200Designated Broker of Firm License No. Email Phone
Ford Noe 709695 [email protected] 713-452-4200Licensed Supervisor of Sales Agent/Associate License No. Email Phone
David Fisher 691654 [email protected] 832-442-2828
▪ May, with the parties' written 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 instructions of each party to the transaction.
▪ Must not, unless specifically authorized in writing to do so by the party, disclose:• that the owner will accept a price less than the written asking price;• that the buyer/tenant will pay a price greater than the price submitted in a written offer; and• any confidential information or any other information that a party specifically instructs the broker in writing 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 transaction without an agreement to represent the buyer. A subagentcan 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 duties and responsibilities to you, and your obligations under the representation 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 notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
____________/____________/____________/____________ __________Buyer / Tenant / Seller / Landlord Initials Date
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www.MarcusMillichap.com
David Fisher, CCIM
Fuel | Convenience Center Investments
Tel: (832) 442-2828
Fax: (832) 442-2810
Marcus & Millichap
1450 Lake Robbins Rd. Suite 300
The Woodlands, TX 77380
Licenses: CA 691654, TX 691654
P R E S E N T E D B Y
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