woodlands green shopping center - capital pacific 10/10/2014 capital pacific real estate brokerage...

woodlands green shopping center

ZEB [email protected] | (415) 274-2702 CA BRE# 01242540

ZANDY [email protected] | (415) 274-2707 CA BRE# 01734525

For more info on this opportunity please contact:

In conjunction with TX Licensed broker:Steve Sieling, Azur Commercial Capital, LLC(214) 888-8262 | [email protected] North Central Expressway Suite M2040, Dallas, TX 75206Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.

A premier stable strip center25919 Interstate 45 N, Spring, TX 77386 CHRIS PETERS

[email protected] | (415) 274-2703 CA BRE# 01339983

CHRIS [email protected] | (415) 274-2701 CA BRE# 01002010

WOODLANDS GREEN SHOPPING CENTER | 2

Investment HighlightsWOODLANDS GREEN CENTER IS LOCATED AT THE HEART OF THE WOODLANDS DEVELOPMENT

The subject property is located in Spring, TX, which is a booming suburb just 28 miles north of Houston. It is located on Interstate 45, the main north-south artery that connects Dallas to Houston. This center enjoys close proximity

to The Woodlands, one of the best-selling master-planned communities in Texas, with over 107,000 residents and excellent household incomes.

RENTABLE SF . . . . 27,940 SF

PRICE PER SF . . . . $186.60

LAND AREA . . . . . . 2.20 Acres

PRICE: $5,213,597CAP: 8.17%

INVESTMENT AND LEASE HIGHLIGHTS

100% leased shopping center with strong renewal history and excellent intrinsics.

Shopping center fronts Interstate 45, a primary commercial corridor with traffic counts in excess of 218,600 vehicles per day.

Just 28 miles north of Houston, Spring and The Woodlands have excellent access to downtown Houston and the relaxed luxury of the suburban life.

The Woodlands is regularly considered to be the premier master planned community in Texas. The community features one of the largest selections of new homes in the Houston area.

More than 131,400 people live in a 5-mile radius, with average household incomes exceeding $100,200.

A total of 1,870 businesses and corporations have found a home in The Woodlands, among them Anadarko Petroleum, Aon Hewitt, CB&I, Chevron Phillips Chemical Company, Fox Networks Group, Huntsman Corporation and McKesson.

RETAIL LOCATION

This location benefits from nearby residential density of more than 48,900 households within a 5-mile radius and proximity to the the Woodlands Mall, anchored by Nordstrom, Macy’s, Dillard’s, and JC Penney. Directly north and south on I-45 are several national retailers such as Target, Office Depot, Walgreens, and Walmart.

Rayf

ord

Road

Grogans Mill Road

Research

Forest Drive

Gosling Road

Colleg

e Par

k Driv

e

4545

242

242

WOODLANDS GREEN CENTER

Oriental Wellness Massage • Up N Smoke • Tattoo

THE WOODLANDS

COUNTRY CLUB

Oak Ridge Elementary

Lamar Elementary

Ford Elementary

Oak Ridge High School

Woodforest Bank Stadium

College Park High School

WOODLANDS HOME CENTER

COLLEGE PARK SHOPPING CENTER

PORTOFINO SHOPPING CENTER

THE WOODLANDS MALL

MARKET STREET

PINECROFT CENTER

HOUSTON

218,600 DAILY


This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Income & Expense Proposed Loan Scenario

PRICE $5,213,597 PURCHASE PRICE $5,213,597

Price Per Square Foot: $186.60 Down Payment (35%) $1,824,758.95

Capitalization Rate: 8.17% Loan $3,388,838

Total Rentable Area (SF): 27,940 Amortization 25 Years

Lot Size (Acres): 2.20 Interest Rate 4.50%

Occupancy: 100% Debt Service $226,035

STABILIZED INCOME Per Square Foot Cash Flow 10.91%

Scheduled Rent $16.16 $451,489 Principal Paydown $75,073

Billboard Sign Income $8,100 Total Return 15.03%

Recoverable Expenses $109,494

Vacancy (5%) ($22,574)

Effective Gross Income $19.56 $546,508

LESS Per Square Foot

Taxes NNN ($62,109.76)

Insurance NNN ($11,733.50)

CAM's ($21,927.77)

Management Fee ($20,712.64)

Reserve ($0.15) ($4,191.00)

Total Operating Expenses ($120,674.67)

EQUALS NET OPERATING INCOME $425,834

10/17/2014 Capital Pacific Real Estate Brokerage Co.


Rent Roll

TENANT INFO

Tenant Name Sq. Ft. Current Rent Monthly Rent Yearly RentMonthly Rent/FT

Yearly Rent/FT

Dosey Doe, Inc. 3,329 5/1/2009 6/30/2015 $48,195 $4,016 $48,195 $1.21 $14.48

7/1/2015 6/30/2018 Option 1 $4,416 $52,995 $1.33 $15.92

Comments:

American Tatoo Center 1,240 10/1/2014 9/30/2015 $22,320 $1,860 $22,320 $1.50 $18.00

Xpress Lighting, LLC 2,550 5/15/2006 8/31/2014 $41,004 $3,417 $41,004 $1.34 $16.08

Comments:

Check N' Go 1,197 10/1/2006 11/30/2014 $22,982 $1,915 $22,982 $1.60 $19.20

Comments:

State Farm Insurance 2,635 1/1/2006 12/31/2016 $45,024 $3,752 $45,024 $1.42 $17.09

Comments:

Cindi's 3,065 9/1/2004 8/31/2016 $67,307 $5,609 $67,307 $1.83 $21.96

Comments:

Dickey's BBQ 2,550 7/1/2013 10/31/2023 $30,600 $2,550 $30,600 $1.00 $12.00

Audio Express Texas 4,675 11/27/2002 5/31/2015 $75,969 $6,331 $75,969 $1.35 $16.25

Comments:

Up In Smoke 2,711 7/1/2011 9/30/2014 $37,412 $3,118 $37,412 $1.15 $13.80

Comments:

Kitchen Solutions 1,828 8/1/2005 10/31/2015 $28,276 $2,356 $28,276 $1.29 $15.47

Oriental Wellness Spa 2,160 7/1/2011 9/30/2017 $32,400 $2,700 $32,400 $1.25 $15.00

Comments:

Current Totals: 27,940 $451,489 $37,624 $451,489 $1.35 $16.16

1-3 year option at the Market Rate

Term

LEASE TERMS RENT SUMMARY

3-3 year options at the Market Rate





3-2 year options with 2% annual rental increases

1-3 year option at the Market Rate

10/10/2014 Capital Pacific Real Estate Brokerage Co.

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.


Tenants (Building A)

The Big Barn has become known as one of the great listening rooms in the country featur-ing nationally recognized artists from contemporary to country, from jazz to bluegrass and everything in between.

American Tattoo Company

American Tattoo Company, Inc. has been family owned and operated in The Woodlands since 2006. The business provides many services for the clients including tattooing, permanent makeup, piercing, and tattoo removal.

Xpress Lighting is a family owned and operated business for the latest trends in lighting and decor, as well as eco-friendly and energy efficient products.

Check n Go is a leader in the consumer financial industry, providing instant cash advances, installment loans, payday loans, title loans, and check cashing.

From community involvement to disaster response, State Farm is committed to supporting the neighborhoods it serves by helping to build safer, stronger and better educated communities. State Farm has been the #1 auto insurer in the United States since 1942. State Farm is ranked No. 41 on the Fortune 500 list in 2014.


Tenants (Building B)

Dickey’s Barbecue Pit prides itself on authenticity, innovation and barbecue sauce. Dickey’s serves up beef brisket, pulled pork, ham, polish sausage, turkey breast and chicken, with an extensive array of home-style sides from jalapeño beans to macaroni and cheese. Buttery rolls are served with every meal along with the complimentary ice cream and dill pickles.

Audio Express offers their clients subwoofers, speakers, amplifiers, car alarms, remote start, receivers, marine audio, video, in dash navigation and professional installation. They also handle all custom car audio needs.

Up n Smoke offers American-made functional glass art by some of the most talented artists in the world, in addition to shoes, streetwear, and skateboards.

KITCHEN SOLUTIONS

Kitchen Solutions offers customers the best remodeling experience from start to finish. Using top of the line products and professional installations, they custom build kitchens and/or baths to fit anyone’s lifestyle, at the most affordable price!

ORIENTAL WELLNESS MASSAGE SPA

Oriental Wellness Massage Spa offers clients a variety of nail services, deep tissue massages, Swedish massages, facials and other beauty services.


The Woodlands Development

THE WOODLANDS

WOODLANDS GREEN

SHOPPING CENTER

45


Woodlands Green is bordered by the Woodlands housing development, which features lavish homes, winding nature trails, parks, playgrounds, shops, schools, places of worship, country clubs, and 1,690 acres of golf courses. The development was founded in 1974.

Nine distinct villages, 7,790 acres of greenspace, a research forest, and the town center comprise the Woodlands., In 2007, the George Mitchell Nature Preserve was dedicated to the newest village.

THE WOODLANDS AREA DETAILS

•Population: 107,769

•Single-family homes: 31,890

•Apartments, condos, town homes: 11,380

•Primary, middle, and high schools

•Nearby shopping centers: Woodlands Green Shopping Center, Woodlands Mall, the Office Depot, Target, Walmart, Macy’s, Lowe’s, the Home Depot, and more

This information was taken from

http://http://www.thewoodlands.com/

SURROUNDING RETAILERS INCLUDE IHOP, HARLEY DAVISON, CARRABBA’S,

ASHLEY FURNITURE HOMESTORE, AND

GOLFSMITH EXTREME

Surrounding Retail


Photos

THE SITE COMPRISES

TWO MULTI-TENANT

BUILDINGS


31 Minutes28 Miles

Regional Map

Spring TX

Location

WOODLANDS GREEN

TRAFFIC COUNTS IN EXCESS OF

218,600 VPD ON INTERSTATE 45

THEWOODLANDS


THE WOODLANDS, TX OVERVIEW

The Woodlands is a master-planned community located in Montgomery County just 28 miles north of Houston along Interstate 45. As of a January 2014 estimate, the population was 107,769, an increase of 68.6% over its population of 55,649 at the 2000 census.

Though it began as a suburban development and a bedroom community, it has also attracted corporations and has several corporate campuses, most notably Chevron Phillips, Anadarko Petroleum Corporation, Huntsman, Woodforest National Bank, Baker Hughes, CB&I, McKesson Corporation, Hewitt Associates, Maersk Line, and Safmarine. It won a Special Award for Excellence in 1994 from the Urban Land Institute.

Houston is the largest city in Texas and the fourth-largest city in the United States. It is also one of the fastest growing areas in the country. Houston’s economy has a broad industrial base in energy, manufacturing, aeronautics, and transportation. It is also leading in health care sectors and building oil field equipment; only New York City is home to more Fortune 500 headquarters. The Port of Houston ranks first in the United States in international waterborne tonnage handled and second in total cargo tonnage handled.

The city has a population from various ethnic and religious backgrounds and a large and growing international community. It is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year to the museum district.

Location & Demos

2013 HOUSEHOLD INCOMES

1-Mile 3-Mile 5-Mile

2010 11,219 50,861 121,787

2013 11,678 53,211 131,491

2018 12,941 58,887 148,355

1-Mile 3-Mile 5-Mile

Average $75,739 $96,439 $100,268

Median $53,994 $70,715 $75,361

POPULATION

Employer # of Employees*Memorial Hermann Healthcare Sys 19,500Continental Airlines, Inc. 16,000UT M.D. Anderson Cancer Ctr 15,000ExxonMobil 13,000*Approximate

TOP EMPLOYERS IN HOUSTON

Houston, TX


Copyright © 2013 [Capital Pacific Real Estate Brokerage Company]

Copyright © 2014 [Capital Pacific Real Estate Brokerage Company]

THE CAPITAL PACIFIC EXPERIENCE - OUR DAILY COMMITMENT TO OUR CLIENTS

A unique HUMANRESULTS-DRIVEN client experience [ www.CapitalPacific.com ]

ZEB [email protected] | (415) 274-2702 CA BRE# 01242540

ZANDY [email protected] | (415) 274-2707 CA BRE# 01734525

In conjunction with TX Licensed broker:Steve Sieling, Azur Commercial Capital, LLC(214) 888-8262 | [email protected] North Central Expressway Suite M2040, Dallas, TX 75206



http://www.capitalpacific.com/

10-10-11

B efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord

(owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly;

(2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner;

(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)

TREC No. OP-K

woodlands green shopping center - capital pacific 10/10/2014 capital pacific real estate brokerage...

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