frankford retail plaza - lubbock, tx

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FRANKFORD RETAIL PLAZA LUBBOCK, TX (WALMART SHADOW-ANCHORED)

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Page 1: Frankford Retail Plaza - Lubbock, TX

FRANKFORD RETAIL PLAZA

LUBBOCK, TX

(WALMART SHADOW-ANCHORED)

Page 2: Frankford Retail Plaza - Lubbock, TX

FRANKFORD RETAIL PLAZA

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2This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

Frankford Retail Plaza417 Frankford AvenueLubbock, TX 79416

Offering Summary

Price $1,805,000

Pro Forma Cap Rate 7.22%

Net Operating Income $129,106

Pro Forma Net Operating Income $181,020

Price Per Sq Ft $93.71

Occupancy 71.4%

Year Built 2001

Gross Leasable Area 17,510 SF

Lot Size 0.73 Acres

Page 3: Frankford Retail Plaza - Lubbock, TX

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3This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

incOme & expenSeS current pSfprO

fOrmapSf

Base Rent - Occupied Space (71.4%) $145,595 $8.32 71.4% $145,595 $8.32

Base Rent - Vacant Space (0%) $0 $0.00 28.6% $50,000 $2.86

GROSS POTENTAL RENT $145,595 $8.32 100.0% $195,595 $11.18

Exp. Reimb.

Real Estate Taxes $19,728 $1.13 $27,619 $1.58

Insurance $2,991 $0.17 $4,187 $0.24

CAM $9,695 $0.55 $13,573 $0.78

Mgmt. Fee $3,747 $0.21 $7,816 $0.45

Admin Fee $0 $0.00 $0 $0.00

Total Exp. Reimb. $36,160 $2.07 $53,194 $3.04

GROSS POTENTIAL INCOME $181,755 $10.39 $248,789 $14.22

Vacancy Factor (economic) 0.00% $0 $0.00 5.00% ($12,439) ($0.71)

EFFECTIVE GROSS INCOME $181,755 $10.39 $236,350 $13.51

Expenses

Real Estate Taxes ($27,619) ($1.58) ($27,619) ($1.58)

Insurance ($4,187) ($0.24) ($4,187) ($0.24)

CAM ($13,573) ($0.78) ($13,573) ($0.78)

Mgmt. Fee (% of GPI) 4.00% ($7,270) ($0.42) 5.00% ($9,952) ($0.57)

Total Expenses ($52,648) ($3.01) ($55,330) ($3.16)

NET OPERATING INCOME $129,106 $181,020

expenSeS current pSf prO fOrma

pSf

Real Estate Taxes $27,619 $1.58 $27,619 $1.58

Insurance $4,187 $0.24 $4,187 $0.24

CAM

Lawn Maint. $5,456 $0.31 $5,456 $0.31

Electric $2,234 $0.13 $2,234 $0.13

Water $977 $0.06 $977 $0.06

Trash Removal $4,906 $0.28 $4,906 $0.28

Total CAM $13,573 $0.78 $13,573 $0.78

Management Fee (% of GPI) 4.00% $7,270 $0.42 4.00% $9,952 $0.57

TOTAL EXPENSES $52,648 $3.01 $55,330 $3.16

Page 4: Frankford Retail Plaza - Lubbock, TX

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4This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

RENT ROLL

Suite tenant Sq ft% Of Sq ft

Start endmOnthly

rent

annual rent

pSf eScalatiOn date

eScalatiOn amOunt

OptiOnSleaSe

type

500 Check n' Go 1,020 5.83% 11/12/2001 11/30/2017 $1,374.19 $16,490 $16.17 - - - NNN

400 Gamestop 1,600 9.14% 10/2/2003 1/31/2017 $2,333.33 $28,000 $17.50 - - - NNN

100 Little Ceasar's Pizza 1,880 10.74% 2/24/2007 2/28/2017 $2,033.69 $24,404 $12.98 3/1/2017 $2,359 2 x 5 NNN

300 The Boxing Club of Lubbock 5,000 28.57% 2/1/2009 1/31/2017 $4,166.67 $50,000 $10.00 2/1/2017 $4,250 1 x 3 NNN

200-B Rosco's [1] 3,000 17.14% 5/1/2016 4/30/2021 $2,225.00 $26,700 $8.90 5/1/2018 $2,270 2 x 5 NNN

200-A Vacant 5,000 28.57% - - - - - - - - -

Occupied 12,500 (71.4%) $145,595

Vacant 5,000 (28.6%)

Total 17,500 (100%)

NOTE: [1] Rent Abatement 5/1/16-10/31/2016 & Jan/July 2017 & Jan/July 2018.

Page 5: Frankford Retail Plaza - Lubbock, TX

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5This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

TENANT INFORMATION

Check ‘n Go was founded with one purpose in mind: provide financial solutions to the problems ignored by “traditional” lenders, such as banks. As a payday loan company and lender, we’ve been in operation for almost 20 years. We opened our doors in 1994 and we still receive a majority of our business from payday loans, installment loans, and check cashing services. Nearly two decades later, Check ‘n Go remains an innovative payday loan lender.

tenant Overview

Tenant Check ‘n Go

Ownership Private

Years In Business 21 Years

Number of Locations 1,000+

Headquarters Cincinnati, OH

Website www.checkngo.com

GameStop Corporation, or simply referred to as GameStop, is an American video game, consumer electronics, and wireless services retailer. The company is headquartered in Grapevine, Texas, United States, and operates 6,627 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe. The company’s retail stores primarily operate under the GameStop, EB Games, and Micromania brands.

tenant Overview

Tenant GameStop Corporation

Ownership Public (NYSE: GME)

Years In Business 32 Years

Number of Locations 6,627+

Headquarters Grapevine, TX

Website www.gamestop.com

Little Caesars Pizza, known for its HOT-N-READY® pizza and famed Crazy Bread®, is the largest carryout-only pizza chain in the world with locations in all 50 states and 18 countries and territories worldwide. Named “Best Value in America”* for the eighth year in a row, Little Caesars products are made with quality ingredients, such as fresh, never frozen, mozzarella and Muenster cheese, dough made fresh daily in every store and sauce made from farm fresh crushed tomatoes. Little Caesars Pizza was founded on May 8, 1959 by Detroit Tigers farm team shortstop Mike Ilitch and his wife (since 1955) Marian Ilitch. The first location was in a strip mall in Garden City, Michigan, a suburb of Detroit.

tenant Overview

Tenant Little Caesars Pizza

Ownership Private

Years In Business 56 Years

Number of Locations 4,113+

Headquarters Detroit, MI

Website www.littlecaesars.com

Page 6: Frankford Retail Plaza - Lubbock, TX

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6This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

INVESTMENT HIGHLIGHTS

• Shadow Anchored by 205,000 Square Foot Wal-Mart Supercenter

• Within 2 miles of Texas Tech University - Over 36,000 Students - Texas Tech has Seven Consecutive Years of Record Enrollment

• Current Rents Below Market Rate – Opportunity to Increase Returns by Bringing Leases Up to Market Rental Rates

• Proforma Returns Over 10% - Significant Upside Potential Through Lease-up of Existing 30% Vacancy

• Complimentary Mix of National and Regional Tenants - Many Tenants Long-term Operating History at the Property

• Endcap Little Caesars Space Includes Drive-thru Window

• Heavily Trafficked Area - Traffic Counts Along Frankford Avenue Exceed 21,000 Vehicles per Day and Exceed 32,000 Vehicles per Day Along 4th St

• Lubbock Boasts a Regional Population Base of Over 639,000 People

• Lubbock is the Only City in the Nation with a Comprehensive University, a Health Sciences Center, an Agriculture and a Law School in One Location, Making Texas Tech University the Second Largest Contiguous University Campus in the United States.

Page 7: Frankford Retail Plaza - Lubbock, TX

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7This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

AERIAL MAP

Mackenzie Middle School

HardwickElementary

School

4th St

Fra

nkfo

rd A

ve

RancoApartments

234 Units

PinegroveApartments

104 Units

MeridianPark

Apartments224

Units

Page 8: Frankford Retail Plaza - Lubbock, TX

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8This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

LOCAL MAP

Page 9: Frankford Retail Plaza - Lubbock, TX

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9This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

REGIONAL MAP

Page 10: Frankford Retail Plaza - Lubbock, TX

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10This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

MARKET SUMMARY

Lubbock is the county seat of Lubbock County, Texas. The city is located in the northwestern part of the state, a region known historically and geographically as the Llano Estacado and ecologically is part of the southern end of the Western High Plains. Lubbock has three universities: Lubbock Christian University, Texas Tech University, and Texas Tech University Health Sciences Center. According to a 2013 Census estimate, Lubbock had a population of 239,538, making it the 84th most populous city in the United States of America and the 11th most populous city in the state of Texas. The city is the economic center of the Lubbock metropolitan area, which had an estimated 2013 population of 301,038.Lubbock’s nickname, “Hub City”, derives from it being the economic, education, and health care hub of the multicounty region, north of the Permian Basin and south of the Texas Panhandle, commonly called the South Plains. The area is the largest contiguous cotton-growing region in the world and is heavily dependent on water drawn from the Ogallala Aquifer for irrigation. Lubbock was selected as the 12th best place to start a small business by CNNMoney.

com. CNN mentioned the city’s traditional business atmosphere: low rent for commercial space, central location, cooperative city government. Lubbock High School has been recognized for three consecutive years by Newsweek as one of the top high schools in the United States. Lubbock High School is home to the only international baccalaureate (IB) program in the region. The IB program is one of the criteria examined by Newsweek in formulating their list of top high schools.The Lubbock area is the largest contiguous cotton-growing region in the world and is heavily dependent on federal government agricultural subsidies and irrigation water drawn from the Ogallala Aquifer. However, the aquifer is being depleted at an unsustainable rate in the long term. Much progress has been made in the area of water conservation, and new technologies, such as low-energy precision application (LEPA) irrigation were originally developed in the Lubbock area. The new pipeline from Lake Alan Henry is expected to supply up to 3.2 billion US gallons (12,000,000 m3) of water per year.

LUBBOCK, TX

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11This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

DEMOGRAPHIC SUMMARY

PoPulation

HouseHolds

income

Race and etHnicity

Housing

emPloyment

Geography: 5 miles

In the identified area, the current year population is 146,761. The rate of change since 2000 was 12.8%. The five-year projection for the population in the area is 153,968 representing a change of 4.7% from 2015 to 2020. Currently, the population is 49.6% male and 50.4% female. The median age in this area is 27.0, compared to the U.S. median agoe of 37.9.

There are currently 58,128 households in your selected georgraphy. The number of households has changed by 11.0% since 2000. It is estimated that the number of households in your area will be 61,142 five years from now, which represents a change of 4.93% from the current year. The average household size in your area is 2.38 persons.

In 2015, the median household income for your selected georgraphy is $37,908, compare this to the Entire U.S. average, which is currently $53,217. It is estimated that the median household income in your area will be $42,123 five years from now, which represents a change of 10.0% from the current year.

The current year per capita income in your area is $22,318, compare this to the Entire U.S. average, which is $28,597. The current year average household income in your area is $54,028, compare this to the Entire U.S. average, which is $74,699.

The current year racial makeup of your selected area is as follows: 76.9% White, 6.0% Black, 0.8% Native American and 3.1% Asian/Pacific Islander. Compare these to the Entire U.S. Averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 33.3% of the current year population in your selected area. Compare this to the Entire U.S. average of 17.6%.

In 2015, there were 25,545 owner occupied housing units in your area and there were 32,583 renter occupied housing units in your area. Median home value in the area is $141,310.

In 2015, there are 71,696 employees in your selected area, this is also known as the daytime population. Currently, 59.5% of employees are employed in white-collar occupations in this geography, and 18.2% are employed in blue-collar occupations. In 2015, unemployment in this area is 5.0%.

Demographic data © 2015 esri

Page 12: Frankford Retail Plaza - Lubbock, TX

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12This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

DEMOGRAPHIC STATISTICS

traffic cOuntS

incOme 1 mile 3 mileS 5 mileS

$ 0 - $14,999 23.5% 20.2% 21.0%

$ 15,000 - $24,999 12.1% 13.9% 13.6%

$ 25,000 - $34,999 9.0% 10.1% 11.6%

$ 35,000 - $49,999 12.8% 15.8% 15.1%

$ 50,000 - $74,999 17.7% 16.3% 15.0%

$ 75,000 - $99,999 11.3% 10.6% 10.2%

$100,000 - $149,999 10.5% 9.0% 9.1%

$150,000 - $199,999 1.9% 1.7% 2.3%

$200,000 + 1.3% 2.5% 2.1%

2015 Median Household Income $40,250 $39,337 $37,908

2015 Per Capita Income $20,900 $22,779 $22,318

2015 Average Household Income $52,075 $55,239 $54,028

pOpulatiOn 1 mile 3 mileS 5 mileS

2000 Population 11,353 46,985 127,987

2010 Population 13,768 56,235 140,326

2015 Population 14,774 59,105 146,761

2020 Population 15,765 62,410 153,968

hOuSehOldS 1 mile 3 mileS 5 mileS

2000 Households 4,630 19,380 51,713

2010 Households 5,664 22,859 55,514

2015 Households 6,077 24,054 58,128

2020 Households 6,488 25,425 61,142

2015 Daytime Population 8,250 31,266 71,696

2015 Average Household Size 2.41 2.40 2.38

2010 Owner Occupied Housing Units 44.5% 43.1% 42.7%

2010 Renter Occupied Housing Units 48.2% 49.0% 49.0%

2010 Vacant 7.3% 7.9% 8.2%

2015 Owner Occupied Housing Units 42.1% 40.5% 40.1%

2015 Renter Occupied Housing Units 51.6% 51.3% 51.1%

2015 Vacant 6.3% 8.2% 8.9%

2020 Owner Occupied Housing Units 41.3% 39.9% 39.5%

2020 Renter Occupied Housing Units 53.1% 52.1% 51.7%

2020 Vacant 5.5% 8.0% 8.8%

32,8

10

21,101

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The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical information 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 due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, 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 or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

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Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows:

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

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly 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 not represent the current or future performance of this property. The value of a net leased property to you depends 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 of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past 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 be set 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 fail to 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 responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering 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 The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

Page 15: Frankford Retail Plaza - Lubbock, TX

Before 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.

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

Information About Brokerage Services

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:

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.

(1) shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than 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.

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exclusively listed

469.844.8880 | VITORINOGROUP.COM