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NNN long-term Ground Leasehigh traffic retail corridor24 hour store with double drive-thru4315 Old Highway 77, Brownsville TX
JOHn [email protected] | (415) 274-2715 CA BRE# 01440360
rick [email protected] | (415) 274-2709 CA BRE# 01792433
cHriS kOSTAnecki [email protected] | (415) 274-2701 CA BRE# 01002010
BOB [email protected] | (415) 274-2717 CA BRE# 00869657
In conjunction with TX Licensed Broker: Peter Ellis (210) 325-7578 | [email protected]
Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.
Reduced Price HIGH GROWTH TEXAS metro LOCATION
mcdonald’s
All Photos are of the Actual Store
Investment HighlightsLAnd AreA . . . . . . 35,082 SF
LeASe TYPe . . . . . . NNN Ground Lease
YeAr BUiLT . . . . . . 2012
eXceLLenT LOcATiOnBrownsville is one of the fastest growing cities in the United States. From 1990 to 2010, the city’s population went from approximately 99,000 to over 175,000: a 77% increase.
The Brownsville-Harlingen metropolitan area had a 2010 population of more than 415,000. Including the city of Matamoros just across the U.S.-Mexico border, the total area population was over 1,136,000.
This McDonald’s is open 24 hours and has a double drive-thru. It is on a major commercial street in Brownsville with traffic counts of 50,000 VPD. It is in front of Academy Sports and adjacent to AT&T. Las Tiendas Plaza, a major Target-anchored center, which opened in 2006 and has 350,000 SF, is across the freeway.
The multi-lane freeway alongside the property is I-69 East or I-69 E. McDonald’s is on the I-69 E frontage road with good visibility.
Space Exploration Technologies Corporation (“SpaceX”), the privately-owned space-transport company founded by Tesla and PayPal pioneer Elon Musk, has just broken ground on its own launch site close to Brownsville (projected cost $115+M). See more information on page 11.
crediT TenAnTGuaranteed by McDonald’s Corporation
S&P investment grade rating of “A” with stable outlook
McDonald’s operates over 34,000 restaurants in 119 countries and has 1,800,000 employees worldwide
LeASe HigHLigHTS20 year corporate NNN ground lease (17+ years remain)
8% rental increases in the primary term
Six 5-year options with 10% rental increases
reduced PrIce: $1,941,000cAP: 3.9%
McdonAld’s Ground leAse
MCDoNALD’S | 2
e Alton gloor Boulevard
e ruben M . Torres Sr .
Boulevard
Old Highway 77
Pare
des
Line
roa
d
Pabl
o ki
sel
Boul
evar
d
Morrison road
e Morrison road69e
69e
83
83
77
77
BROWNSVILLE COUNTRY CLUB
Paredes elementary
Vila Middle School
MORRISON CROSSING CENTER
SUnriSe cOMMOnS
SUnriSe MALL
SaNaNTONIO
50,000 Da
ILY
MCDoNALD’S | 3
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Income & expense
* The improvements, owned by the tenant, are 3,099 SF
PRICE $1,941,000
Capitalization Rate: 3.9%
Total Rentable Area (SF): 35,082*
Lot Size (Acres): 0.81
STABILIZED INCOME Per Square Foot
Scheduled Rent $2.16 $75,700
Effective Gross Income $2.16 $75,700
LESS Per Square Foot
Taxes NNN $0.00
Insurance NNN $0.00
Total operating Expenses $0.00
EQUALS NET OPERATING INCOME $75,700
MCDoNALD’S | 4
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inac-curacies.
rent roll
Note: The improvements are 3,099 SF, owned by the tenant
TenAnT inFO LeASe TerMS renT SUMMArY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
McDonald’s 35,082 11/1/2012 10/31/2022 $75,700 $6,308 $75,700 $0.18 $2.20
11/1/2022 10/31/2027 $6,812 $81,748 $0.20 $2.38
11/1/2027 10/31/2032 $7,357 $88,280 $0.21 $2.57
option1 11/1/2032 10/31/2037 $8,092 $97,098 $0.24 $2.82
option2 11/1/2037 10/31/2042 $8,900 $106,798 $0.26 $3.11
option3 11/1/2042 10/31/2047 $9,789 $117,467 $0.28 $3.42
option4 11/1/2047 10/31/2052 $10,767 $129,204 $0.31 $3.76
option5 11/1/2052 10/31/2057 $11,843 $142,114 $0.34 $4.13
option6 11/1/2057 10/31/2062 $13,026 $156,316 $0.38 $4.55
Totals: 34,380 $75,700 $6,308 $75,700 $0.18 $2.20
MCDoNALD’S | 5
ABoUT MCDoNALD’S
McDonald’s is the leading global food service retailer with more than 35,000 local restaurants serving nearly 69 million people in 119 countries each day. For the year ending December 31, 2013, the company reported revenues of $28.1 billion with a net income of $5.58 billion and a net worth of $14.0 billion.
McDonald’s primarily sells hamburgers, cheeseburgers, chicken, French fries, breakfast items, soft drinks, milkshakes, and desserts. In response to changing consumer tastes, the company has expanded its menu to include salads, fish, wraps, smoothies, and fruit.
Mcdonald’s
FoR THE yEAR ENDING DECEMBER 31, 2013,
MCDoNALD’S REPoRTED REVENUES oF $28.1
BILLIoN.
cOMPAnY TYPe PuBlIc (nYse: Mcd)eMPLOYeeS1.8 MIllIonS&P crediT rATing AS&P 500 rAnking#111
MCDoNALD’S | 6
TRAFFIC CoUNTS IN EXCESS oF 50,000 VPD
SIX LANE I-69 E
Note: Morrison Road goes under I-69 E and connects to major retailers on the other side of the interstate
(See
Not
e)
Old Highway 77
Mor
rison
roa
d
Side
roa
d
Frontage road
NOT a PaRT
site Plan
ACADEMY SPORTSNOT a PaRT
driv
e-th
ru
MCDoNALD’S | 7
THIS MCDoNALD’S
LoCATIoN HAS A
DoUBLE DRIVE-THRU
AND oUTDooR
SEATING
Photos
MCDoNALD’S | 8
regional MapBrownsville,
TX Location
MCDONaLD’S
TRAFFIC CoUNTS IN EXCESS oF
50,000 VPD oN I-69 E
Brownsville MCDoNALD’S | 9
BrOwnSViLLe, TX OVerView
Brownsville, the county seat of Cameron County, is located at the southernmost tip of Texas on the northern bank of the Rio Grande, directly across the border from Matamoros, Mexico. The Brownsville-Harlingen metropolitan area had a 2010 population of over 415,000. As noted earlier, Brownsville is one of the fastest growing cities in the United States 77% growth from 1990-2010.
With one of the fastest growing manufacturing sectors in the nation, Brownsville’s economy is mainly based on its international trade with Mexico through the Port of Brownsville, which provides linkage between the road networks of nearby Mexico and the Gulf Intracoastal Waterway.
There is a non-stop commercial air service to Houston and Dallas at the Brownsville airport, about five miles from the city.
Brownsville’s economy also benefits from its universities: University of Texas at Brownsville, Texas Southmost College, and the Brownsville campus of The University of Texas Health Science Center. Together, these universities enroll about 22,000 students and are among Brownsville’s top employers.
Brownsville just announced a major hi-tech employer - SEE NEXT PAGE
location & demos
2013 HOUSEHOLD INCOMES
1-Mile 3-Mile 5-Mile
2010 8,633 75,599 131,8572012 9,076 78,612 136,2772018 9,765 83,819 144,533
1-Mile 3-Mile 5-Mile
Average $48,915 $49,792 $45,429Median $36,549 $35,379 $30,476
POPULaTION
Brownsville Independent School District Caring For your Home Health Cameron County University of Texas at Brownsville
TOP EMPLOYERS IN BROWNSVILLE
Houston, Texas
MCDoNALD’S | 10
new rOckeT LAUncH SiTe Under cOnSTrUcTiOn in BrOwnSViLLe
on August 4, Space Exploration Technologies Corporation (“SpaceX”), the privately-owned space-transport company founded by Tesla and PayPal pioneer Elon Musk, announced it would build its own launch site at Boca Chica Beach 17 miles from Brownsville. The official ground-breaking, featuring Elon Musk as a speaker, was held on September 22.
The company has been successfully launching commercial satellites and rockets since 2008, but renting time and facilities at various US government launch sites in Florida and California. This will be the first private, commercial vertical launch site in the world.
It has said it intends to launch 12 rockets per year from Brownsville, starting as soon as 2016. Based on the experience of other U.S. launch locations, a launch brings in thousands of tourists who enjoy watching the lift-off.
The $115+ million project cost is being jointly funded by: the company itself; the state of Texas development office; and the city of Brownsville development office.
In addition to the hundreds of highly-paid jobs created directly, Elon Musk has stated in the past it is “logical” that his company would consider building an additional facility, nearby its chosen launch site, actually to construct the rockets. This would obviously add even more employment. It has been speculated that SpaceX will offer “space tourism” to wealthy individuals.
The University of Texas - Brownsville is also involved with this project, which will include a 12,000 SF tracking center.
The announcement: http://www.reuters.com/article/2014/08/04/us-space-spacex-texas-idUSKBN0G421L20140804
More information: http://www.techtimes.com/articles/12141/20140805/spacex-will-build-commercial-spaceport-in-brownsville-texas-heres-why.htm
location
THIS IS A RENDERING oF WHAT THE SPACEX SITE IN BRoWNSVILLE WILL Look LIkE
MCDoNALD’S | 11
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Copyright © 2014 [Capital Pacific Real Estate Brokerage Company]
JOHn [email protected] | (415) 274-2715 CA BRE# 01440360
rick [email protected] | (415) 274-2709 CA BRE# 01792433
cHriS kOSTAnecki [email protected] | (415) 274-2701 CA BRE# 01002010
BOB [email protected] | (415) 274-2717 CA BRE# 00869657
In conjunction with TX Licensed Broker: Peter Ellis (210) 325-7578 | [email protected]
10-10-11
B efore 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. 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 subagency 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. IF THE BROKER REPRESENTS THE BUYER: 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 ACTS AS AN INTERMEDIARY: 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
Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about
brokerage services to prospective buyers, tenants, sellers and landlords.
Information About Brokerage Services
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
intermediary. The written consent must state who will pay the broker and, in conspicuous bold or 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 that 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 that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, 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.
Buyer, Seller, Landlord or Tenant Date
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)
TREC No. OP-K
