retail center for sale 1322 e milam street...when you need fast cash to deal with an unexpected...

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Michelle Hudson | 214.389.3663 | [email protected] Tom Hudson | 214.389.3667 | [email protected] The informaon contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranes or representaon as to the completeness or accuracy thereof. The presentaon of these properes is submied subject to errors, omissions, change of price or condions prior to sale or lease or withdrawal without noce. RETAIL CENTER FOR SALE 1322 E Milam Street Mexia, Texas 76667

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Page 1: RETAIL CENTER FOR SALE 1322 E Milam Street...When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday

Michelle Hudson | 214.389.3663 | [email protected] Tom Hudson | 214.389.3667 | [email protected] The information contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of these properties is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

RETAIL CENTER FOR SALE

1322 E Milam Street Mexia, Texas 76667

Page 2: RETAIL CENTER FOR SALE 1322 E Milam Street...When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday

The information contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of these properties is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

EXECUTIVE SUMMARY

NAME: Mexia Plaza Shopping Center 1322 E Milam St - Mexia, TX Land Size: ±1.402 Acres Bldg Size: ±16,600 leasable square feet Occupancy: 100% Zoning Commercial (C) Bay Depths: 85.0 Feet Built: 2001 Tenants: Cato, Hibbett Sporting Goods, Crickets Wireless, Check N’ Go, Texas Car Title & Payday Loans Parking Lot: All concrete/approximately 79 parking spaces – Restriped 2016 Building Construction: Typical shopping center construction with EIFS (dryvit) clad exterior, canopy covering tenant fronts and painted metal doors and frames in the rear of the building Roof: Standing seam metal roof HVAC: All units on ground in rear of building NOI: $188,456 CAP Rate: 8.5% Sales Price: $2,217,000.00

1322 E Milam Street Mexia, Texas 76667

INCOME: 199,533 CAM RECOVERY: 41,972______ $241,505 OPEX LANDSCAPING: 2,500 BLDG MTNCE: 2,645 UTILITIES: 4,216 MANAGEMENT: 7,429 INSURANCE: 6,131 PROP TAX: 28,706 MISC: 1,422______ $53,049 NOI $188,456

Page 3: RETAIL CENTER FOR SALE 1322 E Milam Street...When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday

The information contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of these properties is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

RENT ROLL 1322 E Milam Street Mexia, Texas 76667

* Rent as of 4/1/2020

*

Page 4: RETAIL CENTER FOR SALE 1322 E Milam Street...When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday

The information contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of these properties is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

HIBBETT SPORTS

Page 5: RETAIL CENTER FOR SALE 1322 E Milam Street...When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday

The information contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of these properties is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

MAJOR TENANTS 1322 E Milam Street Mexia, Texas 76667

Cato Corporation is an American retailer of women’s fashions and accessories. The Company operates stores that are located throughout the United States, and in a variety of markets ranging from small towns to metropolitan areas. Source: catofashions.com Hibbett Sports is one of the fastest growing retailers in the country. We have over 1,000 stores in 31 states, with each location specifically designed to serve its community and its customers. With names like Nike, Under Armour, Adidas, the North Face, Jordan and Costa, we bring fashion and footwear together for you and your game. Whether you’re shopping for yourself or the whole team, we have you covered from head to toe. Source: hibbettsports.com When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday Loan Services, Inc. is ready to help you get the cash you need to handle almost any cash emergency. Source: texascartitle&paydayloanservicesinc.com Cricket Wireless is a prepaid wireless service provider in the United States. Cricket Wireless offers voice, text, and data and is owned by Crown Wireless Corporation. Source: cricketwireless.com Check n Go is a header in the consumer financial industry, providing instant cash advances. Let Check n Go help you meet all your financial needs today. Source: checkngo.com

Page 6: RETAIL CENTER FOR SALE 1322 E Milam Street...When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday

The information contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of these properties is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

SITE PLAN 1322 E Milam Street Mexia, Texas 76667

Page 7: RETAIL CENTER FOR SALE 1322 E Milam Street...When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday

The information contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of these properties is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

DEMOGRAPHICS 1322 E Milam Street Mexia, Texas 76667

Page 8: RETAIL CENTER FOR SALE 1322 E Milam Street...When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday

The information contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of these properties is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

ABOUT MEXIA 1322 E Milam Street Mexia, Texas 76667

The City's motto, based on the fact that outsiders tend to mispronounce the name (Mexia), it is "A great place to live, no matter how you pronounce it.”

Named after General José Antonio Mexía, a Hispanic hero for the Republic of Texas Army during the Texas Revolution, the town was founded near his estate, whose ownership dates to 1833. Things were pretty quiet in these parts until the railroad arrived. Mexia was platted in 1870 by the Houston and Texas Central Townsite Company, a sister company of the Houston and Texas Central Railroad. Lots went on sale in 1871 when the tracks between Hearne and Groesbeck were still under construction. A post office was granted in 1872, and Mexia was incorporated the following year. A large deposit of natural gas was discovered in 1912 by the Mexia Gas and Oil Company and in 1920, the Mexia Oilfield was found. These discoveries led to rapid population growth in the area.

Nearby attractions include Mexia Public Schools Museum, Fort Parker Historical recreation, the Confederate Reunion Grounds, Fort Parker State Park, Lake Mexia, and Mexia State Supported Living Center (formerly Mexia State School), which began as a German prisoner of War Camp built in 1942 during World War II.

The City of Mexia is located at the intersection of U.S. High-way 84 and State Highways 14 and 171. It is approximately 40 miles east of Waco and about 1 1/2 hours south of the Dallas/Ft. Worth Metroplex.

Page 9: RETAIL CENTER FOR SALE 1322 E Milam Street...When you need fast cash to deal with an unexpected expense in Texas, a title loan is an option to consider. Texas Car Title and Payday

11/2/2015

Information About Brokerage ServicesTexas law requires all real estate licensees 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 dutiesabove and must inform the owner of any material information about the property or transaction known by the agent, includinginformation 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 awritten representation agreement. A buyer's agent must perform the broker's minimum duties above and must inform the buyer of anymaterial information about the property or transaction known by the agent, including information disclosed to the agent by the seller orseller's agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the writtenagreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold orunderlined 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;● 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 coincidental 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 thebuyer. A subagent can 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 foryou to use the broker's services. Please acknowledge receipt of this notice below and retain a copy for your records.

Licensed Broker /Broker Firm Name or License No. Email PhonePrimary Assumed Business Name

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/ License No. Email PhoneAssociate

Sales Agent/Associate's Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.govIABS 1-0

Phone: Fax: Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

Hudson Peters Commercial

Hudson Peters Commercial, LLC 582122 [email protected] (972)980-1188

Lynn Michelle Hudson 433516 [email protected] (972)980-1188

Thomas Michael Hudson 646683 [email protected] (972)980-1188

Hudson Peters Commercial, 16479 Dallas Parkway, Suite 750 Addison, TX 75001 (972)980-1188 972-980-1181 Tom H - IABSJanice Peters