midtown crossing · 2015. 4. 8. · cbre’s national retail investment group is pleased to present...

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EXCLUSIVE AGENTS CBRE’s National Retail Investment Group is pleased to present the opportunity to acquire Midtown Crossing (“Property”), a 14,788 square foot retail center with high barriers to entry, urban, infill location in Houston. The Property has a coveted location in Midtown, a thriving, pedestrian-friendly, urban community adjacent to downtown Houston which benefits from the 24-hour consumer base. The Property is 100% leased by an ideal mix of national, regional and local retailers including Buffalo Wild Wings, Gyu-Kaku Japanese BBQ and Which Wich. The acquisition of Midtown Crossing provides investors with the opportunity to acquire an exceptionally located retail center with a secure income stream. THE OFFERING Capital Markets | National Retail Investment Group TENANTS Buffalo Wild Wings, Gyu-Kaku Japanese BBQ, Which Wich, Gray’s Public House, River Oaks Cleaners IN-PLACE NOI $268,782 SIZE (SF) 14,788 square feet OCCUPANCY 100% YEAR BUILT 2004 LAND AREA 1.2478 acres PRICE Unpriced DEBT Free and Clear INVESTMENT SUMMARY KEVIN HOLLAND Vice President 713.787.1949 [email protected] CATHY NABOURS First Vice President 512.499.4917 [email protected] BRANDON FERGUSON Associate 214.979.6596 [email protected] LOGAN REICHLE Associate 512.499.4905 [email protected] JEFF STEIN Senior Vice President T: 713.787.1906 [email protected] DEBT & STRUCTURED FINANCE MIDTOWN CROSSING HOUSTON, TX

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Page 1: MIDTOWN CROSSING · 2015. 4. 8. · CBRE’s National Retail Investment Group is pleased to present the opportunity to acquire Midtown EXCLUSIVE AGENTS Crossing (“Property”),

EXCLUSIVE AGENTS CBRE’s National Retail Investment Group is pleased to present the opportunity to acquire Midtown Crossing (“Property”), a 14,788 square foot retail center with high barriers to entry, urban, infill location in Houston. The Property has a coveted location in Midtown, a thriving, pedestrian-friendly, urban community adjacent to downtown Houston which benefits from the 24-hour consumer base. The Property is 100% leased by an ideal mix of national, regional and local retailers including Buffalo Wild Wings, Gyu-Kaku Japanese BBQ and Which Wich. The acquisition of Midtown Crossing provides investors with the opportunity to acquire an exceptionally located retail center with a secure income stream.

THE OFFERING

Capital Markets | National Retail Investment Group

TENANTS Buffalo Wild Wings, Gyu-Kaku Japanese BBQ, Which Wich, Gray’s Public House, River Oaks Cleaners

IN-PLACE NOI $268,782SIZE (SF) 14,788 square feetOCCUPANCY 100%YEAR BUILT 2004LAND AREA 1.2478 acresPRICE UnpricedDEBT Free and Clear

INVESTMENT SUMMARY

KEVIN HOLLANDVice [email protected]

CATHY NABOURSFirst Vice [email protected]

BRANDON FERGUSONAssociate214.979.6596 [email protected]

LOGAN [email protected]

JEFF STEINSenior Vice PresidentT: [email protected]

DEBT & STRUCTURED FINANCE

MIDTOWN CROSSINGHOUSTON, TX

Page 2: MIDTOWN CROSSING · 2015. 4. 8. · CBRE’s National Retail Investment Group is pleased to present the opportunity to acquire Midtown EXCLUSIVE AGENTS Crossing (“Property”),

© 2015 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

IRREPLACEABLE URBAN, INFILL LOCATION: Highly coveted location within one of the most established, urban, infill areas of the city known as Midtown, a thriving, pedestrian-friendly, urban community which offers residents a live, work, play environment in a walkable setting

DYNAMIC TENANCY WITH SECURE INCOME STREAM: 100% occupied by a dynamic mix of national and local retailers including Buffalo Wild Wings, Gyu-Kaku Japanese BBQ, Which Wich, Gray’s Public House and River Oaks Cleaners

HIGH BARRIERS TO ENTRY: Infill location adjacent to downtown in Midtown which benefits from high barriers to entry for future competition and scarcity of available land for new developments

CBD REVITALIZATION: Downtown Houston has been the beneficiary of more than $4 billion in private and public investment over the past decade including major transit and infrastructure projects, new sports facilities, an expanded theater district, new residential development, additional hotels, and other civic and cultural attractions

INVESTMENT H IGHLIGHTS

Capital Markets | National Retail Investment Group

For more in fo rmat ion on the proper ty, p lease v i s i t :

15THE PROPERTY

M I D T O W N C R O S S I N GSITE PLAN

SUITE TENANT SIZE (SF)A Which Wich 1,687

B1 Gyu Kaku 3,500

B2 Buffalo Wild Wings 5,951

C River Oaks Cleaners 1,050

D Gray’s Public House 2,600

TOTAL 14,788

B2

B1

AC

D

Gray Street

Braz

os S

treet

Smith

Stre

et

Webster Street

M I D T O W N C R O S S I N G

1 Mile 3 Mile 5 Mile

2015 POPULATION (EST.) 21,579 177,795 418,658

2020 POPULATION (PRJ.) 23,976 188,278 440,639

Daytime Population 203,869 351,059 631,215

2000-2015 Growth % 58.37% 18.21% 93.8%

2015-2020 Growth % 11.11% 5.90% 5.25%

2015 Avg. HH Income $95,870 $99,349 $91,739

16

M I D T O W N C R O S S I N G

THE PROPERTY

NORTH

M I D T O W N C R O S S I N G

10

45

THE HEIGHTS

GRAY

BRAZ

OS

GEORGE R. BROWN CONVENTION CENTER

SMIT

H

LOUISIANA BAGB

Y

MILAM

TRAVIS

MIDTOWN

WEBSTER

FANNIN

PIERCE ST

ST. JOSEPH PKWY

JEFFERSON

DOWNTOWN HOUSTON

MAIN

BELL

DOWNTOWN TRANSIT CENTER

MAIN ST SQUARE

METRORail Red Line

SAN JACINTO

45

MONTROSE

METRORail Red Line

PCG: www.MidtownCrossingHouston.comMarke tp lace: www.cbremarketplace.com/MidtownCrossing