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$1,040,000 | 5.75% CAPEXCLUSIVE OFFERING 1247 NE Loop 410San Antonio, TX 78209
Exclusively Marketed By:
817.269.2487 | Direct
Ken Wimberly, CCIM
• 10-Year Absolute NNN Property
• Rental Increase in Primary Term (10% at Year 6)
• Smoothie King Corporate Recognizes This Location as a "Flagship" Location
• Billboard Signage (10' X 30') Advertising the Tenant to over 200,000 VPD on Loop 410
• Over 92,000 People Live Within a 3-Mile Radius of the Site
All information furnished regarding propertyfor sale, rental or financing is from sourcesdeemed reliable, but no warranty orrepresentation is made to the accuracythereof and same is submitted subject toerrors, omissions, change of price, rental orother conditions, prior sale, lease orfinancing or withdrawal without notice. Noliability of any kind is to be imposed on thebroker herein.
This offering may be subject to avariable-rate commission, pleasecontact the listing broker for moreinformation about the commissionstructure.
Table of Contents
netleaseexperts.com
817.269.2487 | Direct
TX #503180
Ken Wimberly, CCIM
Smoothie King Brand New Construction
Our team of professionals is dedicated tothe purchase and sale of investment realestate. We are experts at assessing valueand uncovering hidden opportunities. Intoday's market we continue to see some ofthe greatest opportunities in NNN assets.
We have dedicated divisions that focusexclusively on NNN properties. Our in-depthexpertise, constant studying of the marketand strategic partnerships with officesaround the country make KW Net LeaseAdvisors THE AUTHORITY in investmentreal estate.
We have strategic partner offices in majormarkets around the country, giving ourclients unparalleled access to some of themost proficient investment sales experts inthe U.S. We readily cooperate (share fees)with the brokerage community in order toreach a much broader audience than manyof our competitors. This fee-sharing practiceoften allows us to create an auction effectwith our properties to maximize the price forour clients.
Our mission is simple - to maximize valuefor our clients while building long-termrelationships and having fun! Utilizingprofessional contacts, the national networkof KW Commercial, the power of theInternet, Social Media, and the worldwideCCIM Network, we provide the mostcomprehensive source of real estateinvestment tools available.
Exclusively Marketed By: KW Net Lease Advisors
Investment Overview
Site Overview
Architectural And Plans
Architectural And Plans
Architectural And Plans
Retailer Map
Tenant Profile
Location Overview
Demographics
Street Map
Location Map
Advisor Bio & Contact
Disclaimer
Information About BrokerageServices
Back Page
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GENERAL EXPENSES AND RESPONSIBILITIES
PROPERTY DETAILS
Smoothie King Brand New Construction | San Antonio, TXINVESTMENT OVERVIEW
REMAINING LEASE TERM: 10 Years
RENT COMMENCEMENT(ESTIMATED):
1/2/2018
LEASE EXPIRATION: 12/31/2028
SCHEDULED RENT INCREASES: 10% IncreasesEvery 5 Years
OPTIONS & INCREASES: Two (2), 5-Year;10%
INSURANCE: PAID BY Tenant
PARKING LOT MAINTENANCE: PAID BY Tenant
PROPERTY TAXES: PAID BY Tenant
BUILDING AREA: 1,040 SF
LAND AREA: .17 AC
YEAR BUILT: 2017
LEASE TYPE: NNN
BASE ANNUAL RENT: $59,800
PRICE (PSF): $1,000.00
ROOF & STRUCTURE: PAID BY Tenant
HVAC: PAID BY Tenant
PRICE: $1,040,000 | CAP RATE: 5.75% | NOI: $59,800
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Smoothie King Brand New Construction | San Antonio, TXSITE OVERVIEW
Smoothie King Brand New Construction | San Antonio, TXARCHITECTURAL AND PLANS
netleaseexperts.com
Smoothie King Brand New Construction | San Antonio, TXARCHITECTURAL AND PLANS
netleaseexperts.com
Smoothie King Brand New Construction | San Antonio, TXARCHITECTURAL AND PLANS
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Smoothie King Brand New Construction | San Antonio, TXRETAILER MAP
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PRODUCT DEVELOPMENT
Successful New Product Launches - Our dedicated Research & Development team is constantly testing and introducing
new product offerings to enhance the menu, drive traffic and sales for your smoothie business and, ultimately, meet the
evolving needs of today's health conscious consumer. In 2015, Smoothie King has met guest demand with new Smoothie
product launches that has resulted in increased market share and unit revenue growth.
Chobani ®Greek Yogurt Smoothies - Partnering with Chobani® was a bold and powerful move for Smoothie King. The
co-branding has elevated our brand, driven trial and changed guest preferences for their favorite smoothie. Most importantly,
it has boosted same store sales.
Perfect Combination - Purposeful nutrients, such as protein, fiber, electrolytes, etc., and high quality fruits combined for a
perfect consistency.
High Quality Fruits - Our smoothies are made by using only the highest-variety fruits harvested in the best region in the
optimum period.
Quality Proteins - Smoothie King offers a variety of high quality protein-reinforced smoothies to meet the strictest demands
of health conscious and active guests.
Nutrients - Smoothies assist guests in maintaining their health by providing vitamins, minerals, fiber, proteins, and other
nutrients in a delicious and drinkable snack or meal replacement.
Enhancers - Guests can add an Enhancer to any Smoothie King smoothie to meet their specific needs or goals, to include:
Diet Down, Multi-Vitamin, Immune, Probiotic, Antioxidants, Energy, and Muscle Builder.
ABOUT SMOOTHIE KING
Smoothie King Franchises, Inc. is a privately held, New Orleans-area-based franchise
company with more than 800 units worldwide. By creating each smoothie with a "purpose",
Smoothie King makes it simple and pleasurable for guests to achieve their individual health
goals. Our stores offer a number of healthy retail products, including sports beverages,
energy bars, vitamin supplements and more.
Smoothie King has grown to over 800 locations and counting, fueling your purpose across
three continents, from the US to the Republic of Korea, Trinidad & Tobago and the Cayman
Islands.
TENANT PROFILESSmoothie King Brand New Construction | San Antonio, TX
Sources: smoothiekingfranchise.com; smoothieking.com
netleaseexperts.com
Smoothie King Brand New Construction | San Antonio, TXTENANT PROFILE
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
LOCATION OVERVIEW
San Antonio, Texas
Economic Snapshot
San Antonio is the ideal environment for businesses of all sizes. Whether you're beginning your
story, growing your footprint or continuing a thriving enterprise, San Antonio can help cultivate an
atmosphere of progress and growth. Not only does the city boast a pro-business environment,
decreasing costs through incentives and industrial policies, but San Antonio also offers a low-cost
utility portfolio including renewable energy options. It maintains a skilled workforce bursting with
vitality, built of professionals younger than the U.S. national average age. These key factors and so
many more have provided uniquely beneficial circumstances for companies to include Petco, Oracle,
Microsoft, Medtronic, H-E-B, Whataburger, Toyota Motor Manufacturing Texas and more.
Cost of Living
San Antonio is one of the largest cities in America, yet it continues to maintain a comparatively
affordable cost of living coupled with big city amenities. The City’s cost of living only adds to San
Antonio’s appeal as a frontier for high business growth and an alluring, affordable lifestyle that young
professionals enjoy. San Antonio’s cost of living when compared to other cities is on average 12.5
percentage points lower, according to the Cost of Living Index published by the Council for
Community & Economic Research (Q1, 2017). This translates to companies that choose to relocate
to San Antonio saving on average 12.5% on their employees’ after taxes income.
Higher Education
With 15 colleges and universities in the San Antonio area and a student population of over 150,000,
our community enjoys continual growth of a robust educated workforce. San Antonio’s higher
education institutions offer a diverse range of studies including sciences, businesses, technology,
and the arts, among many others.
Employer # of Employees
Lackland Air Force Base
37,097
Fort Sam Houston-U.S.
Army
32,000
H-E-B 20,000
USAA 17,000
Northside ISD 12,751
Randolph AFB 11,068
North East I.S.D. 10,052
MAJOR EMPLOYERS
Source: San Antonio Economic Development Foundation
San Antonio ranks #1 in America’s Friendliest
Cities
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Smoothie King Brand New Construction | San Antonio, TXLOCATION OVERVIEW
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
LOCATION OVERVIEW
San Antonio, Texas
Demographics
Ranked the 7th largest city in America, San Antonio continues to grow as young professionals and businesses are taking notice of the abundant opportunity in San Antonio. The San Antonio MSA has grown by 11.75% between 2010 and 2016 and is predicted to increase an additional 8.12% by 2021. San Antonio is also projected to welcome 1.1 million new residents by 2040 and demographically represents what the US will look like in the future. San Antonio stands as Bexar County’s largest city, accounting for almost 40% of the county’s geographic area and about 75% of the county’s estimated population.
San Antonio encompasses a total geographic area of 467 square miles with a population density of 3,395 persons per square mile. The total land area for Bexar County is 1,247 square miles with a population density of 1,383 persons per square mile. Source: 2014 Census Bureau Household Income The 2015 median household income in San Antonio was $51,150, compared to national median household income of $53,889. Workers in the San Antonio-New Braunfels Metropolitan Statistical Area had an average (mean) hourly wage of $21.03 in May 2015, about 9 percent below the nationwide average of $23.23, according to the U.S. Bureau of Labor Statistics. Source: 2014 U.S. Census Data
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Smoothie King Brand New Construction | San Antonio, TXDEMOGRAPHICS
Smoothie King Brand New Construction | San Antonio, TXSTREET MAP
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Smoothie King Brand New Construction | San Antonio, TXLOCATION MAP
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2525 Ridgmar BlvdSuite 240Fort Worth, TX 76116
T 817.269.2487C [email protected] #503180
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Chief Visionary OfficerKEN WIMBERLY, CCIM
Smoothie King Brand New Construction | San Antonio, TXADVISOR BIO & CONTACT
PROFESSIONAL BACKGROUND
Kenneth F. Wimberly serves as Chief Visionary Officer for KW Net Lease Advisors, specializing in single-tenant NNN retail and medical officeinvestment sales with a strong background in land sales, lot sales and acquisition, syndications, site selection, bank REO’s, and buyer/tenantrepresentation. His clients include high net worth individuals, REITs, institutional funds, private family endowments, and commercial developers.
Prior to joining KW Commercial, Wimberly served as a Senior Advisor at Sperry Van Ness. He is founder and managing member of a real estateinvestment firm, Noble Crest Capital, LLC (NCC). Wimberly served his country during Gulf War I as an aircrew member flying aboard EP-3E aircraft asa CTR (cryptologist technician – Morse code) for the United States Navy, stationed in Misawa, Japan. He has also worked in the insurance/investment field and has held the Series 6, Series 7, and Series 63 investment licenses and the Group I insurance license. He received his CCIMdesignation in 2010 and is a member of the International Council of Shopping Centers (ICSC).
Wimberly is a member of the Greater Fort Worth Association of Realtors, the Texas Association of Realtors, and the Society of Commercial Realtors.Additionally, he served as the 2008 Chairman of the Board of Directors for the Society of Commercial Realtors in Fort Worth. He was presented withthe 2012 Charles D. Tandy Award for his exemplary professional standards as a commercial Realtor. He previously served on the RCA/GoverningCouncil of the Texas Association of Realtors. Wimberly received the 2012 William C. Jennings Award for the most outstanding commercialtransaction in the entire state of Texas. He is also one of only ten members across the country to serve on the Executive Leadership Council for KWCommercial. Wimberly is the Operating Principal/Franchise Owner of Keller Williams in Abilene, TX.
He is active in his community and is proud of the 9 years he served as a “Big” in the Big Brothers/Big Sisters program. He has three children, Grace,Knox and Kai, and is married to the girl of his dreams, Amber. The family enjoys spending their time travelling, snow skiing, spending time outdoors,playing board games, and playing Texas Hold’em Poker!
MEMBERSHIPS & AFFILIATIONS
Wimberly is a member of the Greater Fort Worth Association of Realtors, the Texas Association of Realtors, and the Society of Commercial Realtors.
Additionally, he served as the 2008 Chairman of the Board of Directors for the Society of Commercial Realtors in Fort Worth. He was presented with
the 2012 Charles D. Tandy Award for his exemplary professional standards as a commercial Realtor. He previously served on the RCA/Governing
Council of the Texas Association of Realtors. Wimberly received the 2012 William C. Jennings Award for the most outstanding commercial
transaction in the entire state of Texas. He is also one of only ten members across the country to serve on the Executive Leadership Council for KW
Commercial. Wimberly is the Operating Principal/Franchise Owner of Keller Williams in Abilene, TX.
EDUCATION
BBA in Finance (Real Estate Concentration)
Texas Christian University
netleaseexperts.com
Smoothie King Brand New Construction | San Antonio, TXDISCLAIMER
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the partyreceiving it from KW Net Lease Advisors and should not be made available to any other person or entity without the written consent of KW Net LeaseAdvisors.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers and to establish only a preliminarylevel of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation and makes no warranty or representation, with respect tothe income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the propertyand improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, thephysical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, KW Net Lease Advisors hasnot verified, and will not verify, any of the information contained herein, nor has KW Net Lease Advisors conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyersmust take appropriate measures to verify all of the information set forth herein.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictestconfidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting thisMemorandum you agree to release KW Net Lease Advisors and hold it harmless from any kind of claim, cost, expense or liability arising out of yourinvestigation and/or purchase of this property
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Smoothie King Brand New Construction | San Antonio, TXINFORMATION ABOUT BROKERAGE SERVICES
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.
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:
(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.
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 the Act and associated with the broker to
communicate with and carry out instructions of the other party
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 sub agency 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.
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 REPRESENTS THE BUYER:
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 intermediary. The written consent must state who
will pay the broker and, in conspicuous bold or
IF THE BROKER ACTS AS AN INTERMEDIARY:
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.
If you choose to have a broker represent you:
Ken Wimberly, CCIM
A Member of
Exclusively Marketed By:
817.269.2487 | [email protected]
2525 Ridgmar Blvd. | Suite 240 | Fort Worth, TX 76116 | P: 817.200.7620 | F: 817.962.2638 | netleaseexperts.com
