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NATIONAL NET LEASE | SALE-LEASEBACK GROUP 27 LOU STROUP DRIVE UVALDE, TX 78801 FORMER FEDEX GROUND DISTRIBUTION FACILITY PRESENTED BY: Bill Behr | Gavin Behr Actual Site FOR SALE OR LEASE

NATIONAL NET LEASE | SALE-LEASEBACK GROUP FOR SALE …...The Property, consisting of 14,662 square feet, was built in 2011 as a build-to-suit for FedEx Ground. Having significantly

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  • NATIONAL NE T LE A SE | SALE- LE A SEBACK GROUPNational Net Lease | Sale Leaseback Group

    27 LOU S T ROUP DRI V EU VA L DE, T X 78 8 01

    FORMER FEDE X GROUND DIS TRIBUTION FACIL IT Y

    PRESENTED BY:

    Bill Behr | Gavin Behr

    Actual Site

    FOR SALE OR LEASE

  • 2An Exclusive Offering /// National Net Lease | Sale Leaseback Group

    This Confidential Offering Memorandum (“COM”) is provided by Transwestern Commercial Services Fort Worth, LLC (“TW”), solely for your consideration of the opportunity to acquire the commercial property described herein (the “Property”). This COM may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior written authorization and consent of TW.

    This COM does not constitute or pertain to an offer of a security or an offer of any investment contract. This COM contains descriptive materials, financial information and other data compiled by TW for the convenience of parties who may be interested in the Property. Such information is not all inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. TW has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. A prospective purchaser must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon TW.

    The Property may be financed or withdrawn from the market without notice, and its owner(s) reserve(s) the right to negotiate with any number of interested parties at any time. The Property is offered and sold by its owner(s) as is, where is, and with all faults, without representation or warranty of any kind except for any customary warranties of title.

    BY ACCEPTING THIS COM, YOU AGREE THAT: (1) all information contained herein, and all other information you have received or may hereafter receive from TW relating to the Property, whether oral, written or in any other form (collectively, the “Information”), is strictly confidential; (2) you will not copy or reproduce, and claim as your own without attribution to TW, all or any part of this COM or the Information; (3) upon request by TW at any time, you will return and/or certify your complete destruction of all copies of this COM and the Information; (4) for yourself and all your affiliates, officers, employees, representatives, agents and principals, you hereby release and agree to indemnify and hold harmless TW all of its affiliates, officers, employees, representatives, agents and principals, from and with respect to any and all claims and liabilities arising from or related to the receipt or use of this COM and/or any other Information concerning the Property; (5) you will not provide this COM or any of the Information to any other party unless you first obtain such party’s acceptance and approval of all terms, conditions, limitations and agreements set forth herein, as being applicable to such party as well as to you; and (6) monetary damages alone will not be an adequate remedy for a violation of these terms and that TW shall be entitled to equitable relief, including, but not limited to, injunctive relief and specific performance, in connection with such a violation and shall not be required to post a bond when obtaining such relief.

    C O N F I D E N T I A L I T Y & R E S T R I C T E D U S E A G R E E M E N T

    Exclusively Offered By:

    National Net Lease | Sale Leaseback Group

    777 Main Street | Suite 1100Fort Worth, TX 76102www.transwesternnetlease.com

    GAVIN BEHRASSOCIATE ///National Net Lease / Sale Leaseback Groupt [email protected]

    BILL BEHRPRINCIPAL /// Fort WorthDIRECTOR /// National Net Lease / Sale Leaseback Groupt [email protected]

  • TABLE OF CONTENTS

    04P R O P E R T Y S U M M A R Y

    Property Summary

    06PROPERTY PHOTOS & AERIALS

    Property PhotosBuilding Plan Site PlanProperty Aerial Intersection AerialAerial MapRegional Map

    15AREA & DEMOGRAPHIC OVERVIEW

    Area Overview Demographic Overview

  • The Property, consisting of 14,662 square feet, was built in 2011 as a build-to-suit for FedEx Ground. Having significantly outgrown the building, FedEx is relocating to a new, much larger building across the street.

    Zoned Industrial in the City of Uvalde, the Property is situated in a small industrial park near the intersection of Garner Field Road and Howard Langford Drive. Lou Stroup Drive, immediately west of Howard Langford Drive, is a loop street which serves the industrial park. Businesses in the immediate area include the U.S. Border Patrol - Uvalde Station, U.S. Attorney General, United Parcel Service, Pepsi-Cola, Civil Air Patrol, Lancair International, Southstar Aircraft Interiors, UniFirst Uniform Services, Elliott Electric Company, Reddy Ice and more. Located one mile east of the Property, Southwest Texas Junior College’s Uvalde campus has an enrollment of 6,000 students. Sul Ross University also maintains a satellite campus in Uvalde. Texas A&M AgriLife Center, the state’s premier research and technology development agency in agriculture, natural resources, and the life sciences is located less than one mile from the Property. The not-for-profit Uvalde Memorial Hospital, operated by the Uvalde County Hospital Authority, is located 1.4 miles from the Property.

    The industrial park in which the FedEx Ground facility is located is immediately west of Garner Field Airport which has been in operation since 1941 and is owned and operated by the City of Uvalde. The airport’s main runway, Runway 15/33 is 5,256’ in length with an additional 3,300’ turf strip used by crop dusters only. Uvalde Flight Center is a full service FBO with hangers, passenger terminal and lounge, aircraft rental and maintenance, avionics sales and new on-field restaurant on the east side of the airport called Hangar 6 Air Café. Flight training aircraft rental and maintenance are also available from Moses Aviation Services.

    Ideally located 85 miles west of San Antonio and 70 miles east of the U.S./Mexican border town of Del Rio, the Property is ideally located for industries and businesses which serve the far west Texas market and cross-border business.

    As outlined in the Area Overview herein, extensive tax credits and financial incentives from the City of Uvalde may be available for qualifying companies in Uvalde. Visit the City of Uvalde web site, www.uvaldetx.com/content/business for more information.

    PROPERTY SUMMARY

  • 5EXECUTIVE SUMMARY

    PROPERTY SUMMARY

    Building Type: Single-tenant, warehouse/distribution center

    Total Building Area +/- 14,662 square feet but can be expanded

    Total Parcel Size 2.659 acres

    Year Built Brand-new construction in 2011

    Fenced The perimeter of the building is secured with fencing with a gated main drive entry and security turn-style for secured visitor

    access. A portion of the Property is not fenced for over-flow parking, employee and visitor parking.

    Distribution/Warehouse • Approximate Area: +/- 12,856 square feet

    • Ceiling hights: +/- 20’4” to deck, +/- 17’11” to beam (pitched roof so ceiling heights vary)

    • Dock doors: Twelve (12) total - size +/- 18’16’

    • Seven (7) grade level back-in doors

    • Four (4) dock -high doors

    • One (1) “false” dock-high door

    • Personnel doors: Two (2)

    • Server Room: +/- 114 SF

    • Restrooms: one men’s and one women’s

    • Heaters: two (2) wall-mounted space heaters

    • Sprinkler system: None

    Office Space • Approximate Area: +/- 1,806 square feet of air-conditioned space

    • Finished ceiling height: 8’0”

    • Reception area with area for two desks/workstations: +/- 434 SF

    • Two private offices: +/- 120 SF each

    • Training/meeting room: +/- 204 SF

    • Janitorial closet with plumbing: +/- 40 SF

    • Storage room: +/- 100 SF

    • Sever manager check-in: +/- 179 SF

    • Driver check-in: +/- 58 SF

    • Sprinkler system: none

    Parking • Large truck court plus trailer parking

    • Extensive employee/visitor parking

    Zoning Industrial

    Offering Price/

    Rental Rate

    Contact Broker

    Actual Site

  • 6PROPERTY PHOTOS & AERIALSPROPERTY PHOTOSActual Site

  • 7PROPERTY PHOTOS & AERIALSPROPERTY PHOTOSActual Site

  • 8PROPERTY PHOTOS & AERIALSPROPERTY PHOTOSActual Site

  • 9PROPERTY PHOTOS & AERIALS

    BUILDING PLAN

    PREVIOUSLY PROPOSED EXPANSION

    (Not Built)

    EXISTING BUILDING

  • 10PROPERTY PHOTOS & AERIALS

    The information set forth herein has been received by us from sources we believe to be reliable.We do not warrant its accuracy or completeness.

    Net Lease Investment Services

    FedEx Ground Uvalde, Texas

    ALB:dkw:0212:08:R-3

    LOU STROUP DRIVE

    FUTUREEXPANSION

    (Approx 14,662 SF)

    SITE PLAN

    SITE PLAN

    Gra

    de

    Leve

    l

    Gra

    de

    Leve

    lDock High

    Do

    ck H

    igh

    “Fal

    se”

    Do

    ckH

    igh

  • 11PROPERTY PHOTOS & AERIALS

    PROPERTY AERIAL

    SITE

  • 12PROPERTY PHOTOS & AERIALS

    INTERSECTION AERIAL

    LOU STR

    OUP DR

    LOU STR

    OUP DR

    HOW

    ARD LANGFORD DR

    SITE

    US BorderPatrol

    Garner FieldAirport

  • 13PROPERTY PHOTOS & AERIALS

    AERIAL MAP

    MAIN

    ST

    MAIN ST

    GETTY ST

    GETTY ST

    4TH ST4TH ST

    HAM LN

    HAM LN

    GARNER FI

    ELD RD

    90

    Garner FieldAirport

    Uvalde MemorialHospital

    DOWNTOWNUVALDE

    DOWNTOWNUVALDE

    UvaldeHigh School

    7,516 AADT

    18,52

    1 AAD

    T

    22,762 AAD

    T

    16,55

    1 AAD

    T

    3,042 AADT

    SITE

  • 14PROPERTY PHOTOS & AERIALS

    Gulf ofMexico

    §̈¦10

    §̈¦35

    §̈¦10

    §̈¦10

    §̈¦27

    §̈¦37§̈¦35

    §̈¦30

    §̈¦20 §̈¦20

    §̈¦40

    §̈¦40

    §̈¦10

    §̈¦40

    §̈¦35

    §̈¦45

    §̈¦25

    S h r e ve por t

    B e a u m ontB e a u m ont

    GalvestonGalveston

    W a coW a co

    CollegeStationCollegeStation

    KilleenKilleen

    TylerTyler

    Co r pusCo r pusCh r i stiCh r i sti

    B r ow n s villeB r ow n s ville

    W i ch i ta Fa llsW i ch i ta Fa lls

    McA l le nMcA l le n

    A b i le neA b i le ne

    La r e doLa r e do

    Lu b b ockLu b b ock

    Mi d l a ndMi d l a nd

    San AngeloSan Angelo

    OdessaOdessa

    A m a r illoA m a r illo

    H o u s tonH o u s ton

    Tu l sa

    Fo r t W or thFo r t W or th

    D a l la sD a l la s

    O k l a h o m a City

    Li t tl e Rock

    A l b u q u e r que

    Santa Fe

    S a n A n tonioS a n A n tonio

    El P a soEl P a so

    A u s tinA u s tin

    N E W ME XICO

    T E X A S L O U I S IANA

    O K L A HOMA A R K A NSAS

    M E X I C O

    SITE

    REGIONAL MAP

  • 15AREA & DEMOGRAPHIC OVERVIEW

    About Uvalde Texas

    Uvalde Texas is 85 miles west of San Antonio and 70 miles east of Del Rio and the U.S./Mexican

    border. The population of Uvalde as of 2018 was 16,298 reflecting a 9.9% increase since 2000.

    Estimated population for 2018 within a five-mile radius is 19,670 and 23,122 within ten miles.

    Estimated household income for 2018 within a five-mile radius is $40,547. As a comparison, the

    average household income in Texas is $56,565. The City of Uvalde, originally known as Encina,

    was founded in 1853 by Reading Wood Black, a twenty-two-year-old from New Jersey, who

    purchased the equivalent of 4,605 acres in Bexar County along the Leona River. The city was

    renamed Uvalde when Uvalde County was established in 1856. The city brought new settlers to

    the area following the railroad in 1881 and continues to grow to this day.

    According to the City of Uvalde website, Uvalde is now a Federal Enterprise Community and

    Empowerment Zone, which means qualifying companies can receive up to $3,000/person in

    Federal Employment Tax Credits. Companies can save 50% of wages for the first 6 months.

    The Work Force Training Program will pay them for participating employees. Tax abatements

    are available from the city and county on a case-by-case basis. Uvalde’s Garner Field Airport is

    considered very well developed for the size of the city. Uvalde boasts a junior college (Southwest

    Texas Junior College) and university satellite campus (Sul Ross University). However, the

    AREA OVERVIEW

    unemployment rate in Uvalde County is approximately 7.1-10%, according

    to the City’s web site.

    Some of Uvalde’s attractions include the Aviation Museum of Texas at Garner

    Field, Briscoe Art & Antique Collection at the First State Bank of Uvalde

    (which attracts more than 6,000 visitors annually), Cook’s Slough Sanctuary

    (a natural birding habitat), El Progresso Memorial Library, Janey Slaughter

    – Brisco Grand Opera House, which was built in 1891 and restored in 1982,

    the Sahawe Indian Outdoor Theater and the Uvalde Memorial Golf Course.

    The area is served by the not-for-profit Uvalde Memorial Hospital which is

    operated by the Uvalde County Hospital Authority. Uvalde designates 0.5%

    of its county sales tax to health care. It receives approximately $500,000 for

    charity care with the hospital serving a five-county region with a population

    of approximately 45,000. The hospital is licensed for 66 beds and has 17

    active medical staff and 100 RN/LVN nurses.

    Uvalde was recognized as the eleventh Most Dynamic Micropolitan in the

    U.S. by the Walton Family Foundation’s Study (report available upon request).

    Poss ible Ci t y and Count y Tax

    Abatement s

    Ideal ly Loc ated Adjacent to Garner

    Field Airpor t

    85 Miles Wes t

    of San Antonio

    70 Miles Eas t of U.S. /Mexico

    Border

    Loc ated in Federal Enterpr is ing

    & Communi t y Empowerment Zone

    Building was Cons truc ted Less

    Than Ten Years Ago

  • 16AREA & DEMOGRAPHIC OVERVIEWA Dynamic, Diverse And Business-Friendly Location

    Welcome to Uvalde County, a unique area that combines diverse industries with an adventurous lifestyle. You will find unlimited opportunities for businesses large and small, with room to grow. Capitalize on our reputation as a great place to live and work. Our area is rich with history, tradition and pride as well as generations of citizens who believe in a promising vision for the future.

    If you would like to grow your business in a region that will help you succeed, in a place where your employees and their families can thrive, surrounded by beauty, culture and compassionate neighbors…Uvalde County is your new home.

    Throughout Uvalde County, you will find a wonderful glimpse of the past mixed with the modern amenities found in growing and dynamic regions. Big city opportunities blend with neighborhoods that still enjoy hometown parades, Sunday gatherings and picnics at the river.

    Finding the Perfect Business Location

    The Uvalde Area Development Foundation team and our partners throughout the region are ready to help you choose the location that best suits your particular needs. Whether you are considering starting a business here, moving into the county, or expanding within your current location, we can assist you with your needs. If you are looking for a new site, a new building, employment programs, custom training, financing resources, labor availability, infrastructure assistance or just help getting your employees settled…we have the tools to support your goals.

    Uvalde Means Business

    Great synergy and collaboration exist between Uvalde County, the southwest Texas region, and the State of Texas that promotes job growth and economic prosperity for our cities. Aggressive and diverse business incentives are used to provide unlimited opportunities for existing, expanding and relocating companies. We are serious about strategies to enhance job creation and capital investment. Uvalde County boasts a population of more than 27,000. Your business success starts with a stable workforce and a strong work ethic. The Uvalde area’s reputation for diversity, inclusion, and achievement is evident in its progressive schools, from early education to high school and through opportunities for higher education and skills training programs. Add this to our strong geographic location, business friendly climate, low cost of living and strong sense of community--and you have a formula for unlimited economic growth and prosperity.

    In short, Uvalde is open for business and we are here to help.

    Powering Business in the County

    Uvalde County is located in a highly active corridor, nestled between the metro area of San Antonio and the vibrancy of the border city of Del Rio. Two of the longest highways in the country – US 90 and US 83 – intersect in Uvalde County. This busy corridor creates a strong competitive advantage for industries who wish to move goods in and out of the region. The Uvalde area is filled with an abundance of natural beauty. The Nueces, Sabinal and Frio Rivers flow through Uvalde County. Three river canyons were home to many Native American Tribes and Spanish Missions. Whether you are a nature enthusiast, enjoy hunting & fishing or just like an occasional float down a river…Uvalde County is for you.

    Great Business Opportunities and Amazing Adventures await you.

    An Area of Unique Opportunities

    Our region is full of active and growing businesses and we are continually adding to our economic base. The Uvalde area is considered a prime location for high economic growth by offering the following..

    · Strategic location within the State of Texas and USA· Prime trade and international corridor· Competitive business tax structure· Aggressive business incentives for qualified companies· A steady pipeline of workers with a strong work ethic· Low cost of living & conducting business· Strong infrastructure including major highways, rail & local airfield· Dynamic business, downtown & commercial districts· Progressive schools, higher education & custom training programs· Located 70 miles from Laughlin Air Force base, the busiest United States Air Force pilot-training complex in the world. · Rich history, arts & culture· Hunting, fishing & recreational opportunities· Abundance of food, retail & accommodations· Multiple banks & funding resources· Active civic organizations & engaged citizensAnd much more...

    Source: Uvalde Area Development Foundation (UADF)

  • 17AREA & DEMOGRAPHIC OVERVIEW

    DEMOGRAPHIC OVERVIEW

    Population

    The Property is situated in the City of Uvalde, Texas located 85 miles west of San Antonio and 70 miles east of Del Rio and the U.S./Mexican

    border. The 2018 estimated population within the city limits of Uvalde is 16,298 with a 2018 estimated population within a 5-mile radius of 19,670

    and 10-mile population of 23,122. The population in the Uvalde area is forecasted to grow approximately 3.7% during the next five years.

    Income

    Average household income as of 2018 within the 5-mile radius is estimated at $58,259 and $59,444 within a 10-mile radius. Average household

    income is forecasted to grow more than 8.5% over the next five years. The percentage of households with average income below $50,000 is

    58.2% with 41.8% at $50,000 or greater. The average per capita income in a 5-mile radius is $19,907 and $20,074 within a 10-mile radius.

    Race & Ethnicity

    As of 2018, within a 5-mile radius, it is estimated that 76.0% of the population is white alone, 1.1% black alone, 0.6% American Indian alone,

    1.0% Asian alone, 3.0% two or more races, 18.2% Some Other Race alone and 77.0% of Hispanic Origin (any race). Within a 10-mile radius, it is

    estimated that 74.6% is white alone, 1.1% black alone, 0.7% American Indian alone, 1.0% Asian alone, 3.3% two or more races, 19.4% Some Other

    Race alone and 76.8% Hispanic Origin (any race). However, when taking Hispanic origin into account, according to DataUSA, 81% are Hispanic

    Housing

    Within a 5-mile radius, as of 2018, there were estimated to be 4,039 owner-occupied housing units and 2,100 renter-occupied housing units.

    Within a 10-mile radius there were estimated 4,886 owner-occupied and 2,796 renter-occupied units. According to DataUSA, the median

    property value in Uvalde was $68,600 in 2017, which is 31.5% lower than the national average of $217,600. Between 2016 and 2017, the median

    property value increased from $67,800 to $68,600, a 1.18% increase. The rate of homeownership in Uvalde is 70.1%, which is significantly higher

    Employee Population

    According to DataUSA, the economy of Uvalde employs 6,816 people with the largest industries being health care and social assistance (1,005

    people), retail trade (838 people) and educational services with 724 people.

  • Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service– the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate.

    Year-to-date, Transwestern has overseen the leasing and management of 2,006 properties, representing more than 370 million square feet - leased and managed combined. Within that same time period, the firm completed leasing, sales and finance transactions totaling $8.6 billion.

    T R A NS W E S T ERN

    GAVIN BEHRAssociate

    [email protected]

    BILL BEHRDirector

    [email protected]

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