Presidio Retail Center - Fort Worth, TX

PRESIDIO RETAIL CENTERFORT WORTH, TX

PRESIDIO RETAIL CENTER

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2This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2016 Vitorino Group

PRICING & FINANCIAL ANALYSIS

Presidio Retail Center

Offering Summary

Price $3,912,500

Cap Rate 6.00%

Net Operating Income $234,745

Price PSF $629.22

Occupancy 100%

Year Built 2016

Gross Leasable Area 6,218 SF

Lot Size 1.86 Acres

8197 North FreewayFort Worth, TX 76117


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PRICING & FINANCIAL ANALYSIS

incOme & expenSeS current pSf

Base Rent - Occupied Space 100.0% $234,745 $37.75

Base Rent - Lease Up Space $0 $0.00

GROSS POTENTAL RENT $234,745 $37.75

GROSS POTENTIAL INCOME $234,745 $37.75

Vacancy Factor 0.00% $0 $0.00

EFFECTIVE GROSS INCOME $234,745 $37.75

NET OPERATING INCOME $234,745 $37.75


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RENT ROLL

tenant Sq ft% Of Sq ft

Start endannual

rentpSf

eScalatiOn/OptiOn date

eScalatiOn/OptiOn amOunt

OptiOnSleaSe

type

AT&T (Cellular City, Ltd.) 2,113 34.0% 8/15/2016 8/14/2021 $73,955 $35.00 8/15/2021 $38.50 2 x 5 NNN

Ideal Dental 1,705 27.4% 10/1/2016 9/30/2023 $64,790 $38.00 10/1/2020 $41.80 2 x 5 NNN

Liberty Burger 2,400 38.6% 9/15/2016 9/30/2026 $96,000 $40.00 10/1/2021 $44.00 2 x 5 NNN

Occupied 6,218 100.0% $234,745

Vacant 0 0.0%

Total 6,218 100.0%


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TENANT INFORMATION

In 2008, Dr. Ahmed opened his first dental office. His belief in putting patients first is the fundamental backbone in DECA Dental’s core values and patient care delivery model.Today Deca Dental has grown to over 35 dental offices with over 60 dentists and specialists serving their patients. Under Dr. Ahmed’s leadership DECA Dental has received many honors and awards. Some of the more notable ones are being recognized as Inc. Magazine’s Top 5000 fastest growing companies and being selected by D Magazine as Dallas-Fort worth’s Premier Dental Group. Additionally, the Dallas Business Journal recognized DECA Dental as one the top 100 companies in the region.

tenant Overview

Tenant Deca Dental

Ownership Private

Years In Business 8 Years

Number of Locations 40+

Headquarters Dallas, TX

Website www.decadental.com

Family-friendly gourmet burger restaurant offering snazzy combinations. Choose from four types of meat—natural beef, grilled chicken, bison, or vegetable patty—and create your own burger or choose from their list of a dozen innovative creations. Onion rings are thick-cut and nicely seasoned. They serve beer, wine, a few spirits, and frozen margaritas.

tenant Overview

Tenant Liberty Burger

Ownership Private



Headquarters Dallas, TX

Website givemelibertyburger.com

Cellular City, LTD is a premium retailer for AT&T Wireless products and services. In 1998 the company was founded in Texas as a retailer for AT&T. AT&T Inc. is an American multinational telecommunications corporation, headquartered at Whitacre Tower in downtown Dallas, Texas. AT&T is the second largest provider of mobile telephone and the largest provider of fixed telephone in the United States, and also provides broadband subscription television services.

tenant Overview

Tenant Cellular City, LTD

Ownership Private


Number of Employees 175


Annual Revenue $18.6 Million


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INVESTMENT HIGHLIGHTS

• A+ Location - Fort Worth, Texas

• Pad Site to New 153,000-Square Foot Costco Wholesale

• New Construction - 100% Occupied with Long-

Term NNN Leases

• Adjacent to New Target - 600,000+ SF Power Center, 85,000 SF WinCo Foods Supermarket and Main Event Entertainment

• Neighboring Tenants Include Raising Canes, Pollo Loco, Starbucks, LaMadeleine, Potbelly’s, Mattress Depot, Medspring Urgent Care and Old Chicago Pizza & Taproom

• Across the Street from 140,000 SF HCA Hospital and a 10-Acre New Design Concept Cinemark Movie Theater

• Surrounding Retailers Include: Target, JCPenney, Dicks Sporting Goods, Best Buy, PetSmart, Sleep Experts, Belk, Hobby Lobby, Old Navy, T.J. Maxx, PetCo and Many Others

• Located On I-35W - Exceeding 105,000 Vehicles per Day

• One of the Top Housing Growth Markets - Over 146 Percent Population Growth Since 2000


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SITE PLAN

FOR LEASEPRESIDIO JUNCTION

The information contained herein was obtained from sources deemed reliable; however MG Retail Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice.

www.mgretailpartners.com

For more information

Guy Grivas Marc Marrocco

[email protected] [email protected] 214-865-7447


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SITE PLAN

For More Information:

Call - 214-720-0004www.duwestrealty.com

Presidio Towne CrossingNWQ of I-35W & N Tarrant Pkwy

Fort Worth, Texas 76177


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AERIAL MAP

PerotElementary

School

HeritageTrace

3,000+ Lots

ArcadiaPark

1,382+ Lots

140,000 SFHCA

Hospital

N TarrantParkway


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AERIAL MAP


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REGIONAL MAP


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MARKET SUMMARY

FORT WORTH, TX

The city of Fort Worth is often referred to as “Where the West Begins.” Fort Worth is the 17th-largest city in the United States of America and the fifth-largest city in the state of Texas. Located in North Central Texas, and covers nearly 350 square miles (910 km2) in Tarrant, Denton, Parker and Wise counties. According to the 2013 census estimates, Fort Worth had a population of 792,727. The city is also home to Texas Christian University, Texas Wesleyan University, University of North Texas Health Science Center, Texas A&M University School of Law, and many multinational corporations including Bell Helicopter, Lockheed Martin, American Airlines, American Airlines Group (and subsidiaries American Airlines and Envoy Air), the John Peter Smith Hospital, Pier 1 Imports, RadioShack, the BNSF Railway, and Lockheed Martin. In 2013, Fort Worth-Arlington ranked No. 15 on Forbes’ list of the Best Places for Business and Careers.

The Fort Worth Stockyards now celebrates Fort Worth’s long tradition as a part of the cattle industry and was listed on the National Register as a historical district in 1976. The listing included 46 contributing buildings and one other contributing structure.

The Stockyards consist of mainly entertainment and shopping venues that capitalize on the “Cowtown” image of Fort Worth. Home to the famous boot making company M.L. Leddy’s which is located in the heart of the Stockyards and The Maverick Fine Western Wear and Saloon where customers “can ‘belly up’ to the bar, relax and have a cold beer while in the Stockyards; just like they did in the days of the big cattle drives”, as they shop around the store. Many bars and nightclubs (including Billy Bob’s Texas) are located in the vicinity, there is also an opry and a rodeo.


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DEMOGRAPHIC SUMMARY

Demographic data © 2016 esri

Geography: 5 Miles

PoPulation

In the identified area, the current year population is 214,661. The rate of change since 2000 was 146.5%. The five-year projection for the population in the area is 244,364 representing a change of 13.8% from 2015 to 2020. Currently, the population is 49.2% male and 50.8% female. The median age in this area is 30.9, compared to U.S. median age of 37.9.

HouseHolds There are currently 71,686 households in your selected geography. The number of households has changed by 144.6% since 2000. It is estimated that the number of households in your area will be 81,219 five years from now, which represents a change of 13.3% from the current year. The average household size in your area is 2.97 persons.

income In 2015, the median household income for your selected geography is $80,989, compare this to the Entire US average which is currently $53,217. It is estimated that the median household income in your area will be $89,232 five years from now, which represents a change of 10.2% from the current year.

The current year per capita income in your area is $30,791, compare this to the Entire US average, which is $28,597. The current year average household income in your area is $92,024, compare this to the Entire US average which is $74,699.

Race and etHnicity The current year racial makeup of your selected area is as follows: 73.5% White, 8.4% Black, 0.6% Native American and 6.8% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 22.3% of the current year population in your selected area. Compare this to the Entire US average of 17.6%.

Housing In 2015, there were 52,995 owner occupied housing units in your area and there were 18,691 renter occupied housing units in your area. Median home value in the area is $191,787.

emPloyment In 2015, there are 114,837 employees in your selected area, this is also known as the daytime population. Currently 67.3% of employees are employed in white-collar occupations in this geography, and 19.2% are employed in blue-collar occupations. In 2014, unemployment in this area is 3.8%. In 2015.


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DEMOGRAPHIC STATISTICS

PoPulation 1-Mile 3-Miles 5-Miles

2000 Population 225 23,631 87,089

2010 Population 2,720 72,774 188,182

2015 Population 4,761 87,960 214,661

2020 Population 6,494 102,192 244,364

traffic cOuntS

HouseHolds 1-Mile 3-Miles 5-Miles

2000 Households 105 7,665 29,302

2010 Households 997 23,758 63,285

2015 Households 1,707 28,474 71,686

2020 Households 2,302 32,917 81,219

2015 Daytime Population 2,259 46,479 114,837

2015 Average Household Size 2.79 3.09 2.99

2010 Owner Occupied Housing Units 674 18,624 47,996

2010 Renter Occupied Housing Units 323 5,134 15,288

2010 Vacant 260 1,699 3,557

2015 Owner Occupied Housing Units 1,088 21,728 52,995


2015 Vacant 384 1,190 2,253

2020 Owner Occupied Housing Units 1,465 25,024 59,968


2020 Vacant 394 1,016 2,005

incoMe 1-Mile 3-Miles 5-Miles

$ 0 - $14,999 2.1% 3.8% 4.4%

$ 15,000 - $24,999 2.6% 3.9% 4.0%

$ 25,000 - $34,999 3.3% 5.6% 6.2%

$ 35,000 - $49,999 6.6% 10.2% 11.5%

$ 50,000 - $74,999 21.5% 17.8% 18.3%

$ 75,000 - $99,999 26.6% 19.5% 18.4%

$100,000 - $149,999 25.4% 25.2% 23.8%

$150,000 - $199,999 7.5% 9.6% 9.4%

$200,000+ 4.2% 4.4% 4.1%

2015 Median Household Income $85,380 $84,094 $80,989

2015 Per Capita Income $33,789 $30,781 $30,791

2015 Average Household Income $96,473 $94,860 $92,024

105,270

55,000

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

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.

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.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Information About Brokerage Services

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:

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.

(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.

exclusively listed

469.844.8880 | VITORINOGROUP.COM

Documents

Presidio Retail Center - Fort Worth, TX