strip center - bryan tx om

STRIP CENTER - BRYAN, TX (SHADOW ANCHORED BY FAMILY DOLLAR)

1200 W. William J Bryan Parkway,Bryan, TX 77803

Jordan [email protected]

1200 W. William J Bryan Parkway, Bryan, TX 77803Strip Center - Bryan, TX (Shadow Anchored By Family Dollar)

Financial Highlights

Asking Price: $1,600,000Cap Rate: 8.00%NOI: $127,920*

*Based on Seller master leasing the remaining 2,600sf

vacancy at $17.00/sf for 1 year from close of escrow

Investment Overview


New construction 6,200 sf building

All brick on building on 4 sides

Shadow anchored by Family Dollar

Upside through lease up of master lease space at market rent

Part of Bryan/College Station (Texas A&M University) MSA

12,300 vehicles per day

Relo Tenant’s with established operational history in marketplace

MOTIVATED SELLER!!!

Brand new 5 year NNN leases

65,000 people within 3 mile radius

Investment Highlights

SUBJECT PROPERTY

Downtown Bryan, TX

1200 W. William J Bryan Parkway, Bryan, TX 77803Strip Center - Bryan, TX (shadow Anchored By Family Dollar)

Aerial Map Out

PROJECT SUMMARY

The subject property consists of a newly constructed 6,200sf strip center at the corner of Short St. & W. William J Bryan Parkway in Bryan, TX. The site is shadow anchored by a newly constructed stand-alone Family Dollar Store (not a part). The building benefits from its high quality construction with brick on 3 sides of the building. The center sits on a 31,250 sf parcel with excellent frontage and exposure to approximately 12,300 VPD on William Joe Bryan Parkway. The property is in close proximity to SH 21, downtown Bryan, TX and is located just 5 miles from College Station and Texas A&M University. The marketplace has solid density with 50,000 people within a 3 mile radius of the subject property and has experienced a recent resurgence with several new retailers and restaurants setting up shop. The center is currently 60% occupied with new 5 year leases to local/regional tenants. They include: Wireless World, Outlaw Bail Bonds, Fast Quote Insurance, La Perla Mexican Restaurant. All leases are NNN and come with personal guarantees from the tenants. While local tenants, La Perla Mexican, Fast Quote Insurance and Wireless World have had a presence in the market for over 10 years with the subject property is serving as a relocation for them. The remaining 2,600 sf of the center will be subject to a master lease with the seller for a period of 1 year at $17/sf +NNN.

Valuation | Bryan Spec

Strip Center - Bryan, TX (Shadow Anchored By Family Dollar)

1200 W. William J Bryan Parkway, Bryan, TX 77803

Tenant

Fast Quote Insurance

Bluestar Diamond

Outlaw Bailbonds

La Perla Mexican Restaurant

VACANT (1 year Master Lease)

Total

INCOME/EXPENSE

Occupancy

Vacany Rate

Reserve (roof/structure)

Management Fee

NOI

[email protected] cap

SF

650

650

650

1950

2600

6500

100.0%

5%

$0.20

20%

Annual Rent

$14,300

$14,300

$14,300

$39,000

$44,200

$126,100.00

-$6,305.00

-$1,300.00

$9,425.00

$127,920.00

$1,599,000.00

Commencement

6/1/16

11/1/16

10/1/16

10/1/16

Close

Expiration

5/31/21

10/31/21

9/30/21

9/30/21

1 yr from close

CAM

NNN

NNN

NNN

NNN

NNN

$/sf

22

22

22

20

17

$19

1200 W. William J Bryan Parkway, Bryan, TX 77803

Site Map


NOT A PART

Regional Map


HOUSTON

SAN ANTONIO

1200 W William Joes Bryan Parkway

DALLAS

Proximal Map


1200 W William Joes Bryan Parkway

Demographics

2016 SummaryPopulationHouseholdsFamiliesAverage Household SizeOwner Occupied Housing UnitsRenter Occupied Housing UnitsMedian AgeMedian Household IncomeAverage Household Income 2021 SummaryPopulationHouseholdsFamiliesAverage Household SizeOwner Occupied Housing UnitsRenter Occupied Housing UnitsMedian AgeMedian Household IncomeAverage Household Income

1 Mile 12,4553,6022,4243.091,6911,91230.5$35,037$45,623 1 Mile 13,1523,8272,5473.091,7642,06331.0$32,955$47,241

3 Miles63,69022,70413,6862.719,46313,24129.0$37,193$53,084 3 Miles68,61924,52914,6132.7110,00014,52929.7$35,953$56,102

5 Miles112,31538,96520,7102.5514,64624,31925.4$37,070$55,167 5 Miles121,02042,40722,2682.5515,59726,81026.2$35,690$58,855



Area Overview | Bryan, TX

Bryan is a city in Brazos County, Texas, United States. It is the county seat of Brazos County and is located in the heart of the Brazos Valley (southeast Central Texas). It borders the city of College Station, which lies to its south. Together they are referred to as the Bryan–College Station metropolitan area, the sixteenth largest metropolitan area in Texas, containing around 190,000 people.

Bryan has greeted the 21st century with a vital and robust economy, quality schools, state-of-the-art healthcare, safe neighborhoods and a history that is reflected in the buildings and pride of its residents. The original square-mile townsite now encompasses more than 43.4 square miles. And Bryan’s original population of a few hundred has grown to more than 82,000 residents. (82,013 to be exact.)

For the active lifestyle, boating, water sports, fishing, hiking, and mountain biking are calling at Lake Bryan. Bryan has four golf courses of vary-ing difficulty levels within a nine-mile stretch. If you're more inclined to take it easy, check out our wineries, museums and historic parks, or peruse local shops for that perfect memento. One thing is certain, it's hard to be bored in Bryan!

https://www.bryantx.gov/history-of-bryan-texas/ http://www.wikiwand.com/en/Bryan,_Texas

For More Information

JORDAN KAUFMAN773.243.6688

[email protected]

999 18th Street, Suite 3000, Denver, CO 80202


strip center - bryan tx om

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