Model: anishgillella/cre-bge-small-marco
Author: anishgillella
Pipeline: sentence-similarity
Library: sentence-transformers
Tags: sentence-transformers, safetensors, sentence-similarity, feature-extraction, dense, generated_from_trainer, dataset_size:1025, loss:MultipleNegativesRankingLoss, arxiv:1908.10084, arxiv:1705.00652, base_model:anishgillella/cre-bge-small-tsdae, base_model:finetune:anishgillella/cre-bge-small-tsdae, endpoints_compatible, region:us
Base models (finetune): id: anishgillella/cre-bge-small-tsdae
Card metadata: tags: sentence-transformers, sentence-similarity, feature-extraction, dense, generated_from_trainer, dataset_size:1025, loss:MultipleNegativesRankingLoss
base_model: anishgillella/cre-bge-small-tsdae
widget: source_sentence: Kroger grocery nnn in TX
sentences: Sentinel=[DOC]; Asset=Retail Shops B; Location=San Marcos TX; TenantFamily=big_box; Structure=nnn; Body: Springtown Plaza OFFERING MEMORANDUM The Lyndon at Springtown - Retail Shops B San Marcos, TX (Austin MSA) www.preservewestcapital.com This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial. VIEW PROPERTY VIDEO Preserve West Capital (“Broker”) has been retained on an exclusive basis to market the property described herein (“Property”). Broker has been authorized by the Seller of the Property (“Seller”) to prepare and distribute the enclosed information (“Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Disclaimer PROPERTY HIGHLIGHTS 1 PROPERTY INFORMATION 2 FINANCIAL ANALYSIS 3 RENT ROLL 6 TENANT PROFILES 9 SITE PLAN 11 SITE PHOTOS 12 AERIAL 13 ABOUT THE AREA 15 DEMOGRAPHICS 18 www.preservewestcapital.com Putnam Daily Partner 415.445.5107 putnam@preservewc.com CA RE License #01750064 Michael Maffia Managing Partner 415.373.4060 mike@preservewc.com CA RE License #01340853 TABLE OF CONTENTS • 100% Leased Ground-Floor Retail Shops with Long-Term Leases -, Sentinel=[DOC]; Asset=Rose-Rich Shopping Center; Location=Rosenberg TX; TenantFamily=financial; Structure=nnn; Body: Hunington Properties, Inc. 3773 Richmond Ave., Suite 800 Houston, Texas 77046 713-623-6944 hpiproperties.com For Sale Rose-Rich Center 5100 - 5198 Avenue H (US Highway 90) Rosenberg, Texas 77471 For More Information Todd Carlson Director/Investment Sales Todd@hpiproperties.com For More Information ROSE-RICH CENTER 5100-5197 Avenue H (US Highway 90), Rosenberg, Texas 77051 PROPERTY INFORMATION Sale Pricet $10,000,000 CAP Rate 8.31% Net Operating Income $830,587.46 Occupancy 93% Lease Type NNN Net Rentable Area 101,639 SF Lot Size 8.6 Acres Year Built 1955/2016 PROPERTY HIGHLIGHTS • Long Term National Tenancy • Low Rent & Operating Expenses • Great Visibility • High Traffic Location on US Hwy 90 • Ample Parking DEMOGRAPHICS Population 1 mi. - 8,991 3 mi. - 56,376 5 mi. - 107,426 Average Household Income 1 mi. - $52,634 3 mi. - $78,768 5 mi. - $94,221 Traffic Count US 90: 31,861 vpd Lane Drive: 10,930 vpd For Sale The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change. Hunington Properties, Inc. 3773 Richmond Ave., Suite 800 • Houston, Texas 77046 • 713-623-6944 hpiproperties.com Innovend 1,313 SF W IL S O N D R I V E W O O D ROW D R I V E AV E N U E H ( US H I G H W AY 9 0 A ) E N A L D E V I R T-Mobile 2,290 SF Pending LOI 3,730 SF J. Hewitt 1,435 SF Pizza Hut 2,100 SF Smarthead 1,650 SF Unique Gifts 3,615 SF 19,955 SF 10,247 SF Best Pagers - 1,575 SF Best Pagers - 1,575 SF USA Nails - 800 SF USA Nails - 800 SF Lucky’s Liquor - 1,325 SF Lucky’s Liquor - 1,325 SF Pam Insurance - 1,750 SF Pam Insurance - 1,750 SF Vacant - 2,716 SF Vacant - 2,716 SF 8,476 SF EZ Pawn 5,600 SF Royal Hair - 1,050 SF Royal Hair - 1,050 SF Available - 1,750 SF Available - 1,750 SF Available 4,800 SF 7,200 SF Watermill Express Watermill Express Sun Loan - 2,258 SF Sun Loan - 2,258 SF KRB Dental 5,667 SF Language EZ Trade 340 SF Language EZ Trade 340 SF Driving School 1,870 SF Driving School 1,870 SF Available 5,500 SF Available 2,607 SF SITE PLAN The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties or by any agent, independent associate, subsidiary or employee of Hunington Properties This information is subject to change. For Sale The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties or by any agent, independent associate, subsidiary or employee of Hunington Properties This information is subject to change. For Sale The information contained herein while based upon data, Sentinel=[DOC]; Asset=Ridge Road Towne Center; Location=Rockwall TX; Anchor=single_tenant; TenantFamily=grocery; Structure=nnn; Body: RIDGE ROAD TOW NE CE N T E R 2435-2455 Ridge Road - Rockwall, TX 75087 In Cooperaঞon With Sands Investment Group Ausঞn, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481 www.SIGnnn.com Sands Investment Group // 2009 S. Capital of Texas, Suite 210 // Westlake Hills, TX 78746 www.SIGnnn.com JUSTIN WALKER 754.255.6989 | DIRECT jwalker@SIGnnn.com FL #SL3384090 KAYLAN KNITOWSKI 954.902.5247 | DIRECT kaylan@SIGnnn.com FL #SL3557957 MARK HEBERT 754.255.6993 | DIRECT mhebert@SIGnnn.com FL #SL3547657 In Cooperaঞon With Sands Investment Group Ausঞn, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481 R I D G E R O A D T O W N E C E N T E R E XCLUS IVE LY MA RK E T E D BY CONFIDENTIALITY & DISCLAIMER © 2023 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all projections, market assumptions and cash ﬂow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash ﬂow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, ﬁnancial and legal advisors before making any real estate purchase and transaction. 1 INVESTMENT OVERVIEW 5 Executive Summary 6 Investment Highlights 2 FINANC IAL OV ERV IEW 8 Rent Roll 9 Income and Expenses 3 P ROP ERTY INFOR MATION 11 Location Map 12 Property Images 13 Aerial Map 14 Aerial Map 15 Demographics Map & Report 4 AR E A OV E RV IE W 17 City Overview 5 TE NANT OV E RV IE W 19 Tenant Proﬁle 20 Tenant Proﬁle 21 Tenant Proﬁle 22 Tenant Proﬁle 23 Tenant Proﬁle 24 Conﬁdentiality Agreement 26 IABS - TX R I D G E R O A D T O W N E C E N T E R TABLE OF CON T E NT S In Cooperaঞon With Sands Investment Group Ausঞn, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481 www.SIGnnn.com Investment Overview 5 Sale Price $17,975,000 PROPERTY OVERVIEW Sands Investment Group is Pleased to Exclusively Offer For Sale the 54,251 SF Ridge Road Towne Center Located at 2435-2455 Ridge Road in Rockwall, TX. The Deal Has 13% of Gross Leases Allowing a New Buyer Ability to Convert to Triple Net (NNN) Leases in the Next 18 Months, Providing For a Secure Investment in a Rapidly Growing Market. OFFERING SUMMARY Cap Rate: 6.29% NOI: $1,130,949 Price / SF: $329.69 Occupancy: 97.8% BUILDING INFORMATION Street Address: 2435-2455 Ridge Road City, State, Zip: Rockwall, TX 75087 County: Rockwall Building Size: 54,521 SF Lot Size: 7.68 Acres Year Built:, source_sentence: big box Churchill Place in San Antonio, TX
sentences: Sentinel=[DOC]; Asset=Retail Shops B; Location=San Marcos TX; TenantFamily=big_box; Structure=nnn; Body: information. Disclaimer PROPERTY HIGHLIGHTS 1 PROPERTY INFORMATION 2 FINANCIAL ANALYSIS 3 RENT ROLL 6 TENANT PROFILES 9 SITE PLAN 11 SITE PHOTOS 12 AERIAL 13 ABOUT THE AREA 15 DEMOGRAPHICS 18 www.preservewestcapital.com Putnam Daily Partner 415.445.5107 putnam@preservewc.com CA RE License #01750064 Michael Maffia Managing Partner 415.373.4060 mike@preservewc.com CA RE License #01340853 TABLE OF CONTENTS • 100% Leased Ground-Floor Retail Shops with Long-Term Leases - Scheduled Rental Escalations in 100% of Leases - Sustainable Rental Rates At and Below Market • Internet-Resistant National & Regional Tenant Mix - Strategic Tenant Mix Well-Suited to Student Housing Proximity • Robust Co-Tenancy Within High-Occupancy Mixed-Use Student Housing Anchored Development - 233 Units, 515 Beds, and 34,000+ Square Feet of Retail Space - Fewer than 20% of Texas State University Students Live on Campus - Top of Market Rates for Students - Additional Tenants Within Center include Chuy’s, McAlister’s Deli, P. Terry’s, Gold’s Gym, Saltgrass Steakhouse & More • Excellent Demographics within Rapidly Expanding Austin Suburb - Total Population of 71,496 within 5 Mile Radius - Annual Population Growth Rate of 3.34% PROPERTY HIGHLIGHTS PRESERVE WEST CAPITAL | 1 • Pylon Signage for Center Visible from I-35 (154,874 AADT) • Excellent Visibility and Access in Dense Retail Hub - Neighboring Anchor Tenants Include H-E-B, Walmart Supercenter, Walgreens, Hobby Lobby, CVS, and more • Less than Half a Mile from Texas State University’s Flagship Campus - Enrollment of More than 38,000 - Less than 25% of Off Campus Student Housing Located Within 1 Mile of Campus, Ensuring High Demand - Neighbors Numerous Major Sporting Facilities for the University, Including Football, Basketball, and Baseball Stadiums • Less than 45 Minute Drive From Austin and San Antonio - 30 Miles from Austin CBD • Less than Half a Mile to City of San Marcos City Hill & Approximately One Mile to Downtown San Marcos • No State Income Tax in Texas PROPERTY OVERVIEW PRESERVE WEST CAPITAL | 2 The Investment The Lyndon at Springtown Retail Shops B offers the unique opportunity for an investor to acquire a fully leased ground-floor retail component of a mixed use 515-bed student housing property within Austin’s largest suburb less than half a mile from the flagship campus of Texas State University. The assets benefit from a prominent retail location with freeway-visible pylon signage within a growing retail hub, an internet-resistant mix of national and regional tenants at sustainable market and below market rents, and excellent demographics with an annual population growth rate of 3.34% through 2025. With excellent access and visibility near the junction of East Hopkins Street and I-35 (combined AADT 185,123), an investor will benefit from scheduled increases in income, a diversified income stream, and asset appreciation with this property. Location The property is located at 200 Springtown Way in San Marcos, Texas. Improvements An 20,058 square foot ground-floor retail building demised into 10 retail suites. Fresco | 2,627 square feet Simply Mac | 2,017 square feet Green Mesquite | 2,998 square feet Shaggy Dog | 1,583 square feet Pure Barre | 1,450 square feet European Wax Center | 1,483 square feet, Sentinel=[DOC]; Asset=Retail Shops B; Location=San Marcos TX; TenantFamily=big_box; Structure=nnn; Body: underway on a million dollar adjoining lab for the facility. The facility draws researchers and experts in forensic science from all over the world. Centrally located along I-35, San Marcos’s strong infrastructure makes it an ideal hub for commerce and industry. The San Marcos economic development corporation has focused on attracting additional businesses in the Aviation, Aerospace, Security, & Defense, Business Services, Material Sciences, Information Technology, Life Sciences, and Regional Distribution sectors. In April 2017, Urban Mining Company announced plans to develop a 100,000 square foot state-of-the-art rare earth magnet manufacturing facility and headquarters in San Marcos. The company anticipates the facility will be fully operational by 2018 and will bring at least 100 advanced manufacturing and high-tech jobs to the region. The Greater San Marcos Partnership has been recognized as a top Economic Development Organization in Texas as well as one of the top 50 economic developers within the U.S.. HAYS COUNTY IS ONE OF THE FASTEST GROWING COUNTIES IN THE UNITED STATES ~4.96% GROWTH RATE SITE ABOUT THE AREA Site Information The subject property is ideally located with excellent access and visibility within the Springtown Shopping Center near the intersection of Springtown Way (2,420 AADT) and Thorpe Lane (9,300 AADT) and the junction of East Hopkins Street (30,249 AADT) and Interstate 35 (154,874 AADT), a major regional arterial. Pylon Signage for the center is visible from I-35, providing additional visibility to the subject property. The site benefits from excellent demographics with a total population of 71,496 within a five-mile radius with a projected annual population growth rate of 3.34% through 2025. Average household income within five miles of the site is $55,041. The property is prominently situated within a rapidly expanding retail hub adjacent to The Lyndon, a new mixed-use student housing development which includes 31,847 square feet of retail space and 233 student housing units, expected to house up to 515 students. Additional tenants within the center include Gold’s Gym, Evo Entertainment, Chuy’s, McAlister’s Deli, and more. The site is adjacent to a high-performing H-E-B and Walgreens, and in close proximity to the Sanmar Plaza Shopping Center, anchored by Hobby Lobby, Tractor Supply Company, Autozone, and Dollar General, with additional tenants including Wingstop, Sally Beauty, Payless ShoeSource, Freebirds, Sally Beauty, and more. Other major tenants neighboring the site include Walmart Supercenter, CVS, Office Depot, Raising Cane’s, Whataburger, Starbucks, Dairy Queen, Red Lobster, Olive Garden, McDonald’s, and more. The site additionally neighbors numerous hotels and motels, including Summit Inn Hotel & Suites, Quality Inn, La Quinta Inn, Ramada Limited, Howard Johnson, America’s Best Value Inn, Rodeway Inn, Motel 6, Super 8, and more. The site is additionally located less than a half mile from the flagship campus of Texas State University, with a student enrollment of more than 38,000. The site is located in close proximity to several of the university’s sports facilities, including Bobcat Stadium, the home field of the Texas State football team, Bobcat track and field stadium, Bobcat ballpark, and Strahan Coliseum, home of the Bobcats basketball and volleyball teams, all of which draw significant additional traffic, Sentinel=[DOC]; Asset=Retail Shops B; Location=San Marcos TX; TenantFamily=big_box; Structure=nnn; Body: Springtown Plaza OFFERING MEMORANDUM The Lyndon at Springtown - Retail Shops B San Marcos, TX (Austin MSA) www.preservewestcapital.com This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial. VIEW PROPERTY VIDEO Preserve West Capital (“Broker”) has been retained on an exclusive basis to market the property described herein (“Property”). Broker has been authorized by the Seller of the Property (“Seller”) to prepare and distribute the enclosed information (“Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Disclaimer PROPERTY HIGHLIGHTS 1 PROPERTY INFORMATION 2 FINANCIAL ANALYSIS 3 RENT ROLL 6 TENANT PROFILES 9 SITE PLAN 11 SITE PHOTOS 12 AERIAL 13 ABOUT THE AREA 15 DEMOGRAPHICS 18 www.preservewestcapital.com Putnam Daily Partner 415.445.5107 putnam@preservewc.com CA RE License #01750064 Michael Maffia Managing Partner 415.373.4060 mike@preservewc.com CA RE License #01340853 TABLE OF CONTENTS • 100% Leased Ground-Floor Retail Shops with Long-Term Leases -, source_sentence: apparel nnn Chipotle Plaza in Pasadena, TX
sentences: Sentinel=[DOC]; Asset=Retail Strip; Location=San Antonio TX; TenantFamily=apparel; Structure=nnn; Body: In the Average Asking Rent Y-O-Y Developers completed 66,000 square feet of space during the first quarter of the year as the pace of deliveries slows during 2018. More than 175,000 square feet was brought online in the first three months last year. Nearly 300,000 square feet of retail space is underway in the northern portion of the metro as deliveries remain concentrated through the remainder of the year. A reduced level of deliveries has been met with still strong demand, driving retail vacancy down to 4.0 percent in the first quarter. This rate matches a cyclical low recorded in 2016. Vacancy in North Central and Northeast San Antonio are some of the highest in the metro, at 5.4 percent and 4.9 percent, respectively. The average asking rent reached its highest level since the recession during the first quarter last year but has since retreated to $15.18 per square foot. Absorption of existing square footage has resulted in the space available for lease primarily in older buildings in need of upgrades or repositioning, prompting the decline in marketed rents since March of last year. SAN ANTONIO METRO AREA The economy is anchored by the industries of healthcare, tourism and national defense. The Eagle Ford Shale deposit has contributed to the diversification of jobs into the energy sector. Valero’s corporate headquarters are here, as well as NuStar Energy, Halliburton, NOV, Baker-Hughes and Tesoro. Lackland Air Force Base, Randolph Air Force Base, Fort Sam Houston and Camp Bullis are among the many military installations located in the metro. An important component of the healthcare industry is South Texas Medical Center, a conglomerate of hospitals, clinics and research and higher-education facilities. ECONOMY SHARE OF 2017 TOTAL EMPLOYMENT Leisure and Hospitality 13% Trade, Transportation and Utilities 17% Professional and Business Services 13% Government 17% Education and Health Services 16% Construction 5% Financial Activities 8% Other Services 4% Manufacturing 5% Information 2% SPORTS EDUCATION ARTS & ENTERTAINMENT South Texas Medical Center USAA Wells Fargo Baptist Health System Southwest Research Institute Methodist Healthcare System MAJOR AREA EMPLOYERS 19 9 12 1 2 5 4 11 6 10 13 7 8 3 JBSA Kelly Field Annex Aquatica San Antonio San Antonio Aquarium Gateway Hills Golf Course Ingram Park Mall 1 2 3 4 5 6 7 8 9 10 11 12 13 6025 Tezel Road (Timber Plaza) 6504 Bandera Road 6501 Bandera Road (Seneca Plaza) 5403 Jackwood Drive 5402 Glen Ridge Drive 5440 Evers Road 6402 Callaghan Road 5719 W Commerce Street 7475 Military Drive SOLD 1303 Castroville 1158-1166 S General McMullen 5028-5040 Military Drive (El Coqui Plaza) 3632 SW Military Drive 1210 Pat Booker Road (far East San Antonio -falls off the city map) 3751 Loop 1605 (far East San Antonio -falls off the city map) VIEW OTHER LISTINGS PORTFOLIO: SAN ANTONIO ASSETS 17 30 23 21 19 20 18 32 26 27 22 14 24 28 16 15 25 29 31 The Alamo River Walk King William Historic District Mission San Jose Historic Market Square The Aztec Theatre San Antonio Zoo Morgan’s Wonderland San Antonio International Airport, Sentinel=[DOC]; Asset=Rockwall Market Center; Location=Rockwall TX; Anchor=power_center; TenantFamily=apparel; Structure=nnn; Body: OCC. COST: 10.53% #1 STORE OUT OF 8 IN THE DISTRICT* OCC. COST: 4.9% HIGH PERFORMER TENANT TENURE: 23.5 YEARS HIGH PERFORMER* TENANT TENURE: 23.2 YEARS RECENTLY RENOVATED HIGH PERFORMER* RECENTLY RENOVATED HIGH PERFORMER* OCC. COST: 8.74% HIGH VOLUME STORE* THE ASSET DOMINANT RETAIL DESTINATION Within the Fast Growing Rockwall County HIGH PERFORMING TENANCY Backed by Strong Tenant Sales and Health Ratios LOYAL RENT ROLL With 18+ years of Tenant Tenure 82% CASH FLOW FROM NATIONAL CREDIT TENANCY NEAR TERM VALUE CREATION OPPORTUNITIES Through Mark-to-Market Rents 10% NOI GROWTH OVER 5 YEARS *Anecdotal feedback received during a recent tour of the property. 8 | ROCKWALL MARKET CENTER OFFERING MEMORANDUM | 9 DOWNTOWN DALLAS 21.9 MILES | 24 MINUTES HIGHLAND MEADOWS NEIGHBORHOOD AVG HH INCOME: $128,235 MEDIAN HOME VALUE: $294,273 375 UNITS $2,059 AVG. ASKING RENT 228 UNITS $1,763 AVG. ASKING RENT ROCKWALL COUNTY 113,653 RESIDENTS 44% POPULATION GROWTH (SINCE 2010) $100,920 AVERAGE HH INCOME VPD: 103,454 ROCKWALL ONE OF THE NATION’S FASTEST GROWING COUNTIES WITHIN A MILE RADIUS 29,376 MULTIFAMILY UNITS 29,376 HOUSEHOLDS $17.0 BILLION CONSUMER SPENDING POWER 317,371 DAYTIME POPULATION 10 | ROCKWALL MARKET CENTER OFFERING MEMORANDUM | 11 DFW OPEN FOR BUSINESS ECONOMIC RESILIENCY 25% POPULATION GROWTH FROM 2010 - 2022 OUTPACING THE US AVERAGE #1 IN THE NATION IN POST-COVID JOB RECOVERY #6 IN THE U.S. 72% OF DFW HIGHER EDUCATION GRADUATES STAY AND WORK IN THE REGION #1 IN THE COUNTRY FOR PERCENT JOB GROWTH (6.7% growth from August 2021 to August 2022) LOW COST OF DOING BUSINESS WITH A SCORE OF 100 (US avg. 100) TWO FORTUNE 10 COMPANY HQ’S TIED WITH SAN JOSE. NYC, LA, CHICAGO HOST NONE. * Sources: JLL Research, Dallas Regional Chamber, U.S. Bureau of Labor Statistics, kastle, ESRI WHY DALLAS #7 REAL ESTATE MARKET FOR 2022 URBAN LAND INSTITUTE/PWC #1 MSA FOR PROJECTED POPULATION GROWTH LEADING PRO- BUSINESS ENVIRONMENT #1 market for doing business 17 years in a row 431,637 PROJECTED NEW RESIDENTS BY 2027 #1 in the U.S. in projected population growth 268,600 NEWJOBS ADDED FROM AUGUST 2021 TO AUGUST 2022 328 RESIDENTS MOVE TO DFW DAILY One new resident moves to DFW every seven minutes 12 | ROCKWALL MARKET CENTER OFFERING MEMORANDUM | 13 PROPERTY OVERVIEW Address 2663-2885 Market Center Dr Rockwall, Texas 75032 Total GLA 211,971 Square Feet Land Area 21.42 Acres Year Built 1999 Occupancy 100% Zoning C - Commercial Frontage 297’ on I-30 Hwy Parking 1,015 Spaces / 5.2 Per 1,000 SF Ingress/Egress Total: 7 • Market Center Dr / W Ralph Hall Pkwy: 5 • I-30 Frontage Rd: 2 N 120 ft deep RALPH M HALL PARKWAY HAIL DRIVE INTERSTATE HIGHWAY 30 MA RK ET C ENT ER DRI VE Clear Imaging Legacy Salon Suites Nail Salon ShareTea Flooring Pet Doctor 16 | ROCKWALL MARKET CENTER OFFERING MEMORANDUM | 17 BUILDING SPECIFICATIONS Structural Improvements The Property consists of three large multi-tenant buildings. The largest multitenant building is approximately 124,220 square feet and includes Burke’s, Michael’s, Pier1 Imports, Pet Doctor, Petco, Office Max, Rendez Salon, Wee Dreamscapes, Mattress Firm, Nasr Bros Jewelry, and Eye Masters. The second, Sentinel=[DOC]; Asset=Northbelt Plaza; Location=Humble TX; Body: For Sale Northbelt Plaza 14925 & 14929 Old Humble Road, Humble, TX 77396 Hunington Properties, Inc. 3773 Richmond Ave., Suite 800 Houston, Texas 77046 713-623-6944 hpiproperties.com The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change. For Sale NORTHBELT PLAZA 14925 & 14929 Old Humble Road, Humble, TX 77396 Property Details Sale Price $3,985,000.00 NOI $264,501.02 CAP Rate 6.64% Net Rentable Area 16,262 SF Lot Size 1.71 AC Occupancy 100% Year Built 2008 Property Highlights • Within a block of the Sam Houston Tollway (Beltway 8) • High traffic and dense demographics within a one mile radius. • Retail property comprised of one freestanding retail building and a second building with retail and c-store tenants. • Undermarket lease rates - current average base rent: $16.82/year. Demographics Population (2025) 1 mi. - 9,880 3 mi. - 57,903 5 mi. - 147,828 Average HHI 1 mi. - $117,242 3 mi. - $97,616 5 mi. - $86,882 Traffic Counts Sam Houston Tollway- 65,482 vpd Old Humble Rd- 13,627 vpd Todd Carlson Principal | Brokerage todd@hpiproperties.com Abdul Sabha Vice President | Leasing abdul@hpiproperties.com Tooba Patoli Senior Associate | Leasing tooba@hpiproperties.com Hunington Prope rties, Inc. 3773 Richmond Ave., Suite 800 • Houston, Texas 77046 • 713-623-6944 hpiproperties.com The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties, or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change. For Sale The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties, or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change. For Sale The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties, or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change. For Sale 11-2-2015 Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about brokerage services to prospecƟve buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS:. • A BROKER is responsible for all brokerage acƟviƟes, 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 informaƟon about the property or transacƟon received by the broker; • Answer the client’s, source_sentence: Northbelt Plaza in Humble, TX
sentences: Sentinel=[DOC]; Asset=Northbelt Plaza; Location=Humble TX; Body: For Sale Northbelt Plaza 14925 & 14929 Old Humble Road, Humble, TX 77396 Hunington Properties, Inc. 3773 Richmond Ave., Suite 800 Houston, Texas 77046 713-623-6944 hpiproperties.com The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change. For Sale NORTHBELT PLAZA 14925 & 14929 Old Humble Road, Humble, TX 77396 Property Details Sale Price $3,985,000.00 NOI $264,501.02 CAP Rate 6.64% Net Rentable Area 16,262 SF Lot Size 1.71 AC Occupancy 100% Year Built 2008 Property Highlights • Within a block of the Sam Houston Tollway (Beltway 8) • High traffic and dense demographics within a one mile radius. • Retail property comprised of one freestanding retail building and a second building with retail and c-store tenants. • Undermarket lease rates - current average base rent: $16.82/year. Demographics Population (2025) 1 mi. - 9,880 3 mi. - 57,903 5 mi. - 147,828 Average HHI 1 mi. - $117,242 3 mi. - $97,616 5 mi. - $86,882 Traffic Counts Sam Houston Tollway- 65,482 vpd Old Humble Rd- 13,627 vpd Todd Carlson Principal | Brokerage todd@hpiproperties.com Abdul Sabha Vice President | Leasing abdul@hpiproperties.com Tooba Patoli Senior Associate | Leasing tooba@hpiproperties.com Hunington Prope rties, Inc. 3773 Richmond Ave., Suite 800 • Houston, Texas 77046 • 713-623-6944 hpiproperties.com The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties, or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change. For Sale The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties, or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change. For Sale The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties, or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change. For Sale 11-2-2015 Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about brokerage services to prospecƟve buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS:. • A BROKER is responsible for all brokerage acƟviƟes, 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 informaƟon about the property or transacƟon received by the broker; • Answer the client’s, Sentinel=[DOC]; Asset=Retail Strip; Location=San Antonio TX; TenantFamily=apparel; Structure=nnn; Body: In the Average Asking Rent Y-O-Y Developers completed 66,000 square feet of space during the first quarter of the year as the pace of deliveries slows during 2018. More than 175,000 square feet was brought online in the first three months last year. Nearly 300,000 square feet of retail space is underway in the northern portion of the metro as deliveries remain concentrated through the remainder of the year. A reduced level of deliveries has been met with still strong demand, driving retail vacancy down to 4.0 percent in the first quarter. This rate matches a cyclical low recorded in 2016. Vacancy in North Central and Northeast San Antonio are some of the highest in the metro, at 5.4 percent and 4.9 percent, respectively. The average asking rent reached its highest level since the recession during the first quarter last year but has since retreated to $15.18 per square foot. Absorption of existing square footage has resulted in the space available for lease primarily in older buildings in need of upgrades or repositioning, prompting the decline in marketed rents since March of last year. SAN ANTONIO METRO AREA The economy is anchored by the industries of healthcare, tourism and national defense. The Eagle Ford Shale deposit has contributed to the diversification of jobs into the energy sector. Valero’s corporate headquarters are here, as well as NuStar Energy, Halliburton, NOV, Baker-Hughes and Tesoro. Lackland Air Force Base, Randolph Air Force Base, Fort Sam Houston and Camp Bullis are among the many military installations located in the metro. An important component of the healthcare industry is South Texas Medical Center, a conglomerate of hospitals, clinics and research and higher-education facilities. ECONOMY SHARE OF 2017 TOTAL EMPLOYMENT Leisure and Hospitality 13% Trade, Transportation and Utilities 17% Professional and Business Services 13% Government 17% Education and Health Services 16% Construction 5% Financial Activities 8% Other Services 4% Manufacturing 5% Information 2% SPORTS EDUCATION ARTS & ENTERTAINMENT South Texas Medical Center USAA Wells Fargo Baptist Health System Southwest Research Institute Methodist Healthcare System MAJOR AREA EMPLOYERS 19 9 12 1 2 5 4 11 6 10 13 7 8 3 JBSA Kelly Field Annex Aquatica San Antonio San Antonio Aquarium Gateway Hills Golf Course Ingram Park Mall 1 2 3 4 5 6 7 8 9 10 11 12 13 6025 Tezel Road (Timber Plaza) 6504 Bandera Road 6501 Bandera Road (Seneca Plaza) 5403 Jackwood Drive 5402 Glen Ridge Drive 5440 Evers Road 6402 Callaghan Road 5719 W Commerce Street 7475 Military Drive SOLD 1303 Castroville 1158-1166 S General McMullen 5028-5040 Military Drive (El Coqui Plaza) 3632 SW Military Drive 1210 Pat Booker Road (far East San Antonio -falls off the city map) 3751 Loop 1605 (far East San Antonio -falls off the city map) VIEW OTHER LISTINGS PORTFOLIO: SAN ANTONIO ASSETS 17 30 23 21 19 20 18 32 26 27 22 14 24 28 16 15 25 29 31 The Alamo River Walk King William Historic District Mission San Jose Historic Market Square The Aztec Theatre San Antonio Zoo Morgan’s Wonderland San Antonio International Airport, Sentinel=[DOC]; Asset=Ridge Road Towne Center; Location=Rockwall TX; Anchor=single_tenant; TenantFamily=grocery; Structure=nnn; Body: RIDGE ROAD TOW NE CE N T E R 2435-2455 Ridge Road - Rockwall, TX 75087 In Cooperaঞon With Sands Investment Group Ausঞn, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481 www.SIGnnn.com Sands Investment Group // 2009 S. Capital of Texas, Suite 210 // Westlake Hills, TX 78746 www.SIGnnn.com JUSTIN WALKER 754.255.6989 | DIRECT jwalker@SIGnnn.com FL #SL3384090 KAYLAN KNITOWSKI 954.902.5247 | DIRECT kaylan@SIGnnn.com FL #SL3557957 MARK HEBERT 754.255.6993 | DIRECT mhebert@SIGnnn.com FL #SL3547657 In Cooperaঞon With Sands Investment Group Ausঞn, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481 R I D G E R O A D T O W N E C E N T E R E XCLUS IVE LY MA RK E T E D BY CONFIDENTIALITY & DISCLAIMER © 2023 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all projections, market assumptions and cash ﬂow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash ﬂow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, ﬁnancial and legal advisors before making any real estate purchase and transaction. 1 INVESTMENT OVERVIEW 5 Executive Summary 6 Investment Highlights 2 FINANC IAL OV ERV IEW 8 Rent Roll 9 Income and Expenses 3 P ROP ERTY INFOR MATION 11 Location Map 12 Property Images 13 Aerial Map 14 Aerial Map 15 Demographics Map & Report 4 AR E A OV E RV IE W 17 City Overview 5 TE NANT OV E RV IE W 19 Tenant Proﬁle 20 Tenant Proﬁle 21 Tenant Proﬁle 22 Tenant Proﬁle 23 Tenant Proﬁle 24 Conﬁdentiality Agreement 26 IABS - TX R I D G E R O A D T O W N E C E N T E R TABLE OF CON T E NT S In Cooperaঞon With Sands Investment Group Ausঞn, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481 www.SIGnnn.com Investment Overview 5 Sale Price $17,975,000 PROPERTY OVERVIEW Sands Investment Group is Pleased to Exclusively Offer For Sale the 54,251 SF Ridge Road Towne Center Located at 2435-2455 Ridge Road in Rockwall, TX. The Deal Has 13% of Gross Leases Allowing a New Buyer Ability to Convert to Triple Net (NNN) Leases in the Next 18 Months, Providing For a Secure Investment in a Rapidly Growing Market. OFFERING SUMMARY Cap Rate: 6.29% NOI: $1,130,949 Price / SF: $329.69 Occupancy: 97.8% BUILDING INFORMATION Street Address: 2435-2455 Ridge Road City, State, Zip: Rockwall, TX 75087 County: Rockwall Building Size: 54,521 SF Lot Size: 7.68 Acres Year Built:, source_sentence: H-E-B grocery in TX
sentences: Sentinel=[DOC]; Asset=Pasadena Center (2024); Location=Pasadena TX; TenantFamily=grocery; Structure=nnn; Body: landlord canceling the next extended term at least 180 days prior. CAM PAYMENTS: Tenant shall reimburse Landlord its pro rata share of CAM expenses. The increase in controllable CAM expenses is capped 5% of previous year expenses. INSURANCE PAYMENTS: Tenant shall reimburse Landlord its pro rata share of Insurance expenses. RE TAX PAYMENTS: Tenant shall reimburse Landlord its pro rata share of Real Estate Tax expenses. UTILITIES: Tenant shall pay all charges for utilities used in the premises. Pasadena Shopping Center | 17 LEASE ABSTRACT TENANT MAINTENANCE: Tenant shall maintain and repair all interior, non-structural portions of the leased premises. LANDLORD MAINTENANCE: Landlord shall maintain and keep in good repair the exterior portions of the leased premises, including the roof, exterior walls, canopy, gutters, downspouts, all structural portions, fire sprinkler system, exterior plumbing and electrical lines. PERCENTAGE RENT: N/A BREAKPOINT: N/A GUARANTOR: N/A ASSIGNEE: Family Dollar Stores, Inc CO-TENANCY/TERMINATION: N/A EXCLUSIVES / RESTRICTIONS: Landlord shall not lease any space in the shopping center to any variety store, variety discount store, discount department store, dollar store, liquidation or close-out store, thrift store, any store selling used clothing or any store similar to tenant in operation or merchandising. ESTOPPEL CERTIFICATE: Tenant shall provide an estoppel certificate within 30 days upon written request by the Landlord. ADDITIONAL INFORMATION: N/A Pasadena Shopping Center | 19 POPULATION: 30,503,301 NO STATE INCOME TAX 2ND FASTEST GROWING ECONOMY IN THE US #1 STATE FOR JOB GROWTH: 407,000+ JOBS CREATED IN 2023 BEST STATE FOR BUSINESS 19 CONSECUTIVE YEARS CHIEF EXECUTIVE MAGAZINE FASTEST GROWING STATE IN THE US 4.8 MILLION+ NEW TEXANS SINCE 2010 THE WORLD’S 8TH LARGEST ECONOMY LEADS THE NATION WITH 55 FORTUNE 500 COMPANIES WINNER OF THE GOVERNER’S CUP 11 YEARS IN A ROW Texas Overview Major Metros: HOUSTON: #2 Top U.S. Metros for Job Growth #2 Metros with Most Corporate Headquarters DALLAS: #1 Fastest Growing MSA #5 Best Performing Cities in U.S. FORT WORTH: Top 20 Large U.S. Cities to Start a Business AUSTIN: #1 Best Place to Start a business in U.S. #3 Best Performing Cities In U.S. SAN ANTONIO: #1 Best City for Veterans #1 Pasadena Shopping Center | 19 Pasadena Shopping Center | 20 4TH LARGEST CITY IN THE U.S. POPULATION: 7,300,000+ $490 BILLION REGIONAL GDP TOP 10 CITIES FOR JOB GROWTH Houston Overview TEXAS MEDICAL CENTER MD ANDERSON LARGEST MEDICAL CENTER 2ND LARGEST CANCER CENTER PORT OF HOUSTON RANKED #1 IN FOREIGN TONNAGE 2ND LARGEST PORT IN THE U.S. & THE LARGEST PORT ON THE GULF ENERGY CAPITAL OF THE WORLD HOME TO 44 OF THE LARGEST PUBLICLY TRADED OIL & GAS FIRMS RETAIL MARKET OVER $126 BILLION 207 MILLION SF GROSS ANNUAL RETAIL SALES #4 MOST AFFORDABLE CITY TO LIVE IN WITH A COST OF LIVING AT 28% BELOW AVERAGE MOST DIVERSE CITY 1 IN 4 HOUSTONIANS ARE FOREIGN BORN 1.2 MILLION SF UNDER CONSTRUCTION TOTAL INVENTORY 93.5% OCCUPANCY RATE 2.3% INCREASE IN AVG ASKING RENT 26 FORTUNE 500 COMPANIES BASED IN HOUSTON TOP 10 LARGEST EMPLOYERS: 20,000 + EMPLOYEES 10,000 + EMPLOYEES H-E-B Methodist Memorial Hermann MD Anderson Walmart ExxonMobil, Sentinel=[DOC]; Asset=Ridge Road Towne Center; Location=Rockwall TX; Anchor=single_tenant; TenantFamily=grocery; Structure=nnn; Body: a New Buyer Ability to Convert to Triple Net (NNN) Leases in the Next 18 Months, Providing For a Secure Investment in a Rapidly Growing Market. OFFERING SUMMARY Cap Rate: 6.29% NOI: $1,130,949 Price / SF: $329.69 Occupancy: 97.8% BUILDING INFORMATION Street Address: 2435-2455 Ridge Road City, State, Zip: Rockwall, TX 75087 County: Rockwall Building Size: 54,521 SF Lot Size: 7.68 Acres Year Built: 2005 Year Last Renovated: 2022 R I D G E R O A D T O W N E C E N T E R E XECUTIVE S UMMA RY Investment Overview 6 PROPERTY HIGHLIGHTS Texas is an Income Tax Free State Strong Mix of National, Regional and Local Tenants Including: Children's Health, Geico Insurance, The House of Gyros, Papa Murphy’s, Wing Stop, Kid to Kid, HotWorx and X Golf Sport Bar 13% of Leases Are Gross Leases Allowing a New Buyer Ability to Convert to Triple Net (NNN) Leases in the Next 18 Months Existing Tenants Are Paying Below Market Rents at an Average of $22 PSF - Market Rental Rate is at $26.65 PSF with a 1.7% Vacancy Rate Property Consists of Two Buildings, Offering the Opportunity to Convert the Front Building to Single Tenant or Sell as Outparcel New Roof as of 2022 22 Tenants Can Provide For a Diversiﬁed Mix of Rental Increases/More Stability Top MSA - Dallas is the #4 Ranked Metropolitan Statistical Area in the Country Strong Demographics with an Average Household Income of $122,500 Within a 5-Mile Radius 1-Mile Population Growth Over the Next Five Years is 27.22% Easy Access - Multiple Points of Entry; On a Hard Corner R I D G E R O A D T O W N E C E N T E R IN VESTME N T H IGHLIGHT S Financial Overview 8 Lease Dates Tenant Stretch Zone 30 Brunch House Lakes Regional Community The House of Gyros T's Ice Cream Papa Murphy's XGolf Sports Dr. Paul Field HotWorx Cure Nail Spa Geico Insurance Small Cakes Divas & Darling Bouঞque Chiloso's Kid to Kid Dr. Waller Chiropracঞc Wingstop Rockwall Wellness Center Juvanew Medspa Our Children's House Vacant My Computer Guy Total/Average Base Rent 54,251 Rent Escalaঞon Unit 100 101 101B 109 110 111B 115 117 120 123 125 127 129 135 143 147 149 151 & 155 157 200 205 251 7.4 Years SF 1,343 2,760 4,455 1,200 1,187 1,200 6,056 2,975 2,058 1,625 1,930 1,170 2,140 3,500 3,291 1,205 2,000 2,984 4,022 3,454 1,180 2,516 3.6 Years % of SF 2.48% 5.09% 8.21% 2.21% 2.19% 2.21% 11.16% 5.48% 3.79% 3.00% 3.56% 2.16% 3.94% 6.45% 6.07% 2.22% 3.69% 5.50% 7.41% 6.37% 2.18% 4.64% $1,195,002 Start Mar 2023 Oct 2022 May 2014 Aug 2016 Jan 2023 Dec 2015 Dec 2022 Jul 2016 Dec 2022 Dec 2005 May 2022 Apr 2022 Jan 2019 Sep 2005 Feb 2018 Mar 2015 Dec 2014 Jan 2008 Jun 2013 Sep 2006 - Dec 2018 $22.03 End Jul 2030 Jan 2028 Apr 2026 Nov 2026 Dec 2029 Apr 2024 Mar 2030 Sep 2026 Dec 2032 Jun 2028 Oct 2027 Jun 2027 Mar, Sentinel=[DOC]; Asset=Retail Shops B; Location=San Marcos TX; TenantFamily=big_box; Structure=nnn; Body: information. Disclaimer PROPERTY HIGHLIGHTS 1 PROPERTY INFORMATION 2 FINANCIAL ANALYSIS 3 RENT ROLL 6 TENANT PROFILES 9 SITE PLAN 11 SITE PHOTOS 12 AERIAL 13 ABOUT THE AREA 15 DEMOGRAPHICS 18 www.preservewestcapital.com Putnam Daily Partner 415.445.5107 putnam@preservewc.com CA RE License #01750064 Michael Maffia Managing Partner 415.373.4060 mike@preservewc.com CA RE License #01340853 TABLE OF CONTENTS • 100% Leased Ground-Floor Retail Shops with Long-Term Leases - Scheduled Rental Escalations in 100% of Leases - Sustainable Rental Rates At and Below Market • Internet-Resistant National & Regional Tenant Mix - Strategic Tenant Mix Well-Suited to Student Housing Proximity • Robust Co-Tenancy Within High-Occupancy Mixed-Use Student Housing Anchored Development - 233 Units, 515 Beds, and 34,000+ Square Feet of Retail Space - Fewer than 20% of Texas State University Students Live on Campus - Top of Market Rates for Students - Additional Tenants Within Center include Chuy’s, McAlister’s Deli, P. Terry’s, Gold’s Gym, Saltgrass Steakhouse & More • Excellent Demographics within Rapidly Expanding Austin Suburb - Total Population of 71,496 within 5 Mile Radius - Annual Population Growth Rate of 3.34% PROPERTY HIGHLIGHTS PRESERVE WEST CAPITAL | 1 • Pylon Signage for Center Visible from I-35 (154,874 AADT) • Excellent Visibility and Access in Dense Retail Hub - Neighboring Anchor Tenants Include H-E-B, Walmart Supercenter, Walgreens, Hobby Lobby, CVS, and more • Less than Half a Mile from Texas State University’s Flagship Campus - Enrollment of More than 38,000 - Less than 25% of Off Campus Student Housing Located Within 1 Mile of Campus, Ensuring High Demand - Neighbors Numerous Major Sporting Facilities for the University, Including Football, Basketball, and Baseball Stadiums • Less than 45 Minute Drive From Austin and San Antonio - 30 Miles from Austin CBD • Less than Half a Mile to City of San Marcos City Hill & Approximately One Mile to Downtown San Marcos • No State Income Tax in Texas PROPERTY OVERVIEW PRESERVE WEST CAPITAL | 2 The Investment The Lyndon at Springtown Retail Shops B offers the unique opportunity for an investor to acquire a fully leased ground-floor retail component of a mixed use 515-bed student housing property within Austin’s largest suburb less than half a mile from the flagship campus of Texas State University. The assets benefit from a prominent retail location with freeway-visible pylon signage within a growing retail hub, an internet-resistant mix of national and regional tenants at sustainable market and below market rents, and excellent demographics with an annual population growth rate of 3.34% through 2025. With excellent access and visibility near the junction of East Hopkins Street and I-35 (combined AADT 185,123), an investor will benefit from scheduled increases in income, a diversified income stream, and asset appreciation with this property. Location The property is located at 200 Springtown Way in San Marcos, Texas. Improvements An 20,058 square foot ground-floor retail building demised into 10 retail suites. Fresco | 2,627 square feet Simply Mac | 2,017 square feet Green Mesquite | 2,998 square feet Shaggy Dog | 1,583 square feet Pure Barre | 1,450 square feet European Wax Center | 1,483 square feet
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Created: 2025-10-05 07:12:40