np flyer draft 1 option @ market none as to the lease type nnn nnn nnn nnn the information contained...
TRANSCRIPT
The information contained herein has been obtained from thought to be reliable sources; however, Owner & Broker make no guarantees, representations or warranties, expressed or implied, as to the accuracy of the information and should be verified by buyer/tenant. Property submitted is subject to errors, omissions, changes of price, prior sale/lease, or withdrawal without notice.
Contact: David Werlin [email protected] Ext. 109 WPW Realty Advisors 1330 Post Oak Blvd. Suite 2525 Houston, Texas 77056 Phone: (713) 627-2711 Fax: (713) 627-7211 wpwrealtyadvisors.com
WPW
PROPERTY INFORMATION HIGHLIGHTS: • Building/Center Size: 6,021 SF • Land Size: 30,274 SF • Occupancy: 100% Leased • Annualized NOI: $158,760 • Staggered Expiration Dates • Scheduled Rent Increases • Good Freeway Visibility & Signage
TRAFFIC COUNTS: • I-10 (W of Normandy): +/-168,000 CPD • I-10 (W of Normandy): +/-147,000 CPD • Normandy (N of I-10): +/-19,710 CPD • Normandy (S of I-10): +/-8,370 CPD
*Source: TXDOT 2012
DEMOGRAPHICS (5 miles): • Population: 175,233 • AVG HH Income: $51,117 • Median HH Income: $47,145 • Households: 52,017 • Daytime Population: 119,936 *Source: 2014 Sites USA
AREA BUSINESSES:
The information contained herein has been obtained from thought to be reliable sources; however, Owner & Broker make no guarantees, representations or warranties, expressed or implied, as to the accuracy of the information and should be verified by buyer/tenant. Property submitted is subject to errors, omissions, changes of price, prior sale/lease, or withdrawal without notice.
Contact: David Werlin [email protected] Ext. 109 WPW Realty Advisors 1330 Post Oak Blvd. Suite 2525 Houston, Texas 77056 Phone: (713) 627-2711 Fax: (713) 627-7211 wpwrealtyadvisors.com
WPW
The information contained herein has been obtained from thought to be reliable sources; however, Owner & Broker make no guarantees, representations or warranties, expressed or implied, as to the accuracy of the information and should be verified by buyer/tenant. Property submitted is subject to errors, omissions, changes of price, prior sale/lease, or withdrawal without notice.
Contact: David Werlin [email protected] Ext. 109 WPW Realty Advisors 1330 Post Oak Blvd. Suite 2525 Houston, Texas 77056 Phone: (713) 627-2711 Fax: (713) 627-7211 wpwrealtyadvisors.com
WPW
Contact: David Werlidwerlin@wExt. 109 WPW Realty1330 Post OSuite 2525 Houston, TePhone: (713Fax: (713) 6wpwrealtya
WP
:
n pwmgmt.com
y Advisors Oak Blvd.
exas 77056 3) 627‐2711 27‐7211 advisors.com
PW
The information contaaccuracy of the inform
Suite T
12802 Church's
100 Spa Hav
101 Affordab
200 Smoke S
TOTAL
Notes:(1) In lieu of a tenant i(2) In lieu of a tenant i(3) Seller w ill provide
ained herein has been obmation and should be ver
Tenant GLA
s Chicken 1,874
ven(1)(3) 2,000
ble Insurance 1,098
Shop(2)(3) 1,049
6,021
mprovement allowance, Rmprovement allowance, Ra credit to buyer at closin
btained from thought to bified by buyer/tenant. P
MonRent Rate/Mo Base
3.71$ 6,$
1.30$ 2,$
2.23$ 2,$
1.17$ 1,$
2.20$ 13,$
Rent was/is abated as folloRent was/is abated as follog for the rent differential b
be reliable sources; howeroperty submitted is sub
nthlye Rent Rent Rate/Yr
950.00 44.50$
600.00 15.60$
450.00 26.78$
230.00 14.07$
230.00 26.37$
ows: Mos 1-5: Gross Rent wows: Mos 1-3: Gross Rent wbetween the closing date
ever, Owner & Broker mabject to errors, omissions
Annual MonthBase Rent NNN Re
83,400.00$ 1,39$
31,200.00$ 1,48$
29,400.00$ 814$
14,760.00$ 77$
158,760.00$ 4,45$
waived, Mos 6-12: $3,500/mwaived, Mos 4-6: $800/mo gand July 1, 2015.
ake no guarantees, repres, changes of price, prior
hly Expirationent Date
0.00 2/28/17 33
3.00 4/30/19 105555
4.00 12/31/15
0.00 6/30/17
7
7.00
mo grossgross (prepaid)
esentations or warrantiesale/lease, or withdrawa
Rent Increase
3/1/13: $6,700.00/mo 4-53/1/15: $6,950.00/mo
0/1/14: $2,017.00/mo 3-5/1/15: $2,600.00/mo5/1/16: $2,650.00/mo5/1/17: $2,700.00/mo5/1/18: $2,800.00/mo
None 1
10/1/14: $40.00/mo1/1/15: $730.00/mo
7/1/15: $1,230.00/mo
s, expressed or implied, aal without notice.
Options
5yr Options @ 5% inc/ea
-1yr Options @ 5% inc/ea
1-3yr Option @ Market
None
as to the
LeaseType
NNN
NNN
NNN
NNN
The information contained herein has been obtained from thought to be reliable sources; however, Owner & Broker make no guarantees, representations or warranties, expressed or implied, as to the accuracy of the information and should be verified by buyer/tenant. Property submitted is subject to errors, omissions, changes of price, prior sale/lease, or withdrawal without notice.
Contact: David Werlin [email protected] Ext. 109 WPW Realty Advisors 1330 Post Oak Blvd. Suite 2525 Houston, Texas 77056 Phone: (713) 627-2711 Fax: (713) 627-7211 wpwrealtyadvisors.com
WPW
INCOMEBase Rent 158,760$ Misc. Income -$ Gross Potential Rent 158,760$
Reimbursable Expenses Insurance 6,350$ Property Taxes 21,449$ Common Area (CAM) 28,961$ Total Expense Reimbursements 56,760$
GROSS POTENTIAL INCOME 215,520$
Expenses (Based on 2013)Real Estate Taxes 21,449$ Insurance 6,350$ CAM
Maintenance & Repair Utilities & Trash
LandscapingProfessional Services
TOTAL CAM 28,961$ Total Expenses 56,760$
158,760$
Projected Annualized Income & Expense Summary
NET OPERATING INCOME
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