Embed Size (px)
Citation preview
7909 HILLCROFT ST., HOUSTON, TX 77081
HILLCROFT PLAZA
FRANCOIS LEFRANCOIS LE MICHAEL LEMICHAEL LE CHRIS BROWNCHRIS BROWNPrincipal Sr. Investment Executive Investment Executive713.996.8888 832.930.7886 [email protected] [email protected] [email protected]
PRESENTED BYPRESENTED BY
RETAIL PROPERTY FOR SALE
LE Commercial Real Estate | 11757 Katy Freeway, Suite 1300, Houston, TX 77079 | 713.996.8888 | le-commercial.com
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
le-commercial.com
PROPERTY INFORMATION 3
LOCATION INFORMATION 10
DEMOGRAPHICS 14
CONFIDENTIALITY & DISCLAIMERCONFIDENTIALITY & DISCLAIMER
HILLCROFT PLAZA
TABLE OF CONTENTS PG 2
CONTENTSCONTENTS
All materials and information received or derived from LE Commercial Real Estate its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability orsuitability, financial performance of the property, projected financial performance of the propertyfor any party’s intended use or any and all other matters.
Neither LE Commercial Real Estate its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness of the anymaterials or information provided, derived, or received. Materials and information from anysource, whether written or verbal, that may be furnished for review are not a substitute for aparty’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. LE Commercial Real Estate will not investigate or verify any suchmatters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documents andreports and consulting appropriate independent professionals. LE Commercial Real Estatemakes no warranties and/or representations regarding the veracity, completeness, or relevanceof any financial data or assumptions. LE Commercial Real Estate does not serve as a financialadvisor to any party regarding any proposed transaction. All data and assumptions regardingfinancial performance, including that used for financial modeling purposes, may differ fromactual data or performance. Any estimates of market rents and/or projected rents that may beprovided to a party do not necessarily mean that rents can be established at or increased to thatlevel. Parties must evaluate any applicable contractual and governmental limitations as well asmarket conditions,vacancy factors and other issues in order to determine rents from or for theproperty.
Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements shouldbe discussed by the party with appropriate engineers, architects, contractors, other consultantsand governmental agencies. All properties and services are marketed by LE Commercial RealEstate in compliance with all applicable fair housing and equal opportunity laws.
PROPERTY INFORMATION
FRANCOIS LEFRANCOIS LE MICHAEL LEMICHAEL LE CHRIS BROWNCHRIS BROWNPrincipal Sr. Investment Executive Investment Executive713.996.8888 832.930.7886 [email protected] [email protected] [email protected]
PRESENTED BYPRESENTED BY
FOR INFO:FOR INFO:
1
LE Commercial Real Estate // 11757 Katy Freeway, Suite 1300, Houston, TX 77079 // 713.996.8888 // le-commercial.com
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
OFFERING SUMMARYOFFERING SUMMARY
Sale Price: Price Not Disclosed
Lot Size: 1.07 Acres
Year Built: 1983
Building Size: 17,145
Renovated: 2017
Market: Houston
Submarket: Southwest
LE Commercial is pleased to present Hillcroft Plaza. It is a17,145 square foot retail center on a 1.07 AC parcel located inSouthwest MSA market. This investment opportunity is asignificant value-add and urban-in fill neighborhood center.Hillcroft Plaza is currently at 82 percent occupancy. The subjectproperty contains below market rents that provide opportunity fornew ownership to significantly increase rent in the coming years.Hillcroft Plaza has a diverse tenant mix that includes financialservices, restaurants, beauty salon, and more.
PROPERTY OVERVIEWPROPERTY OVERVIEW
Hillcroft Plaza is located on Hillcroft Street, that serves theMaplewood Community ranging from $252,000-$2,500,000 andSouthwest retail market. The property benefits from the densepopulation consisting of more than 209,000 people from within athree-mile radius. Many national retailers such as Fiesta, Aldi,Food-a-Rama, Burkes Outlet, and many more reside within a mileof the property. Meyerland Plaza is just two miles southeast ofHillcroft Plaza. Significantly, Hillcroft Plaza lies in an up-andcoming area where the land value will increase in the upcomingyears.
LOCATION OVERVIEWLOCATION OVERVIEW
TRAFFIC COUNTSTRAFFIC COUNTS
Hillcroft Avenue 22,000 VPD
HILLCROFT PLAZA
EXECUTIVE SUMMARY PG 4
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
RESIDENTIAL COMPSRESIDENTIAL COMPS
• Within the past 12 months, 25+ homes were sold for over $400,000+
• The area zip code 77081 the recent sale of multiple multi-million dollar homes
• The geographic area is quickly increasing in population growth
• Close proximity to the city of Bellaire, which is quickly growing into
• Home values are increasing due to the value of the land
HILLCROFT PLAZA
AT A GLANCE PG 5
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
HILLCROFT PLAZA
BUILDING PHOTOS PG 6
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
HILLCROFT PLAZA
AERIAL BUILDING PHOTOS PG 7
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
HILLCROFT PLAZA
AERIAL PHOTOS PG 8
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com
HILLCROFT PLAZA
DENSE RESIDENTIAL PG 9
LOCATION INFORMATION
FRANCOIS LEFRANCOIS LE MICHAEL LEMICHAEL LE CHRIS BROWNCHRIS BROWNPrincipal Sr. Investment Executive Investment Executive713.996.8888 832.930.7886 [email protected] [email protected] [email protected]
PRESENTED BYPRESENTED BY
FOR INFO:FOR INFO:
2
LE Commercial Real Estate // 11757 Katy Freeway, Suite 1300, Houston, TX 77079 // 713.996.8888 // le-commercial.com
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
LOCATION INFORMATION | Confidential Offering Memorandum le-commercial.com
HILLCROFT PLAZA
LOCATION MAPS PG 11
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
LOCATION INFORMATION | Confidential Offering Memorandum le-commercial.com
Hillcroft Plaza
HILLCROFT PLAZA
REGIONAL MAP PG 12
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
LOCATION INFORMATION | Confidential Offering Memorandum le-commercial.com
HILLCROFT PLAZA
HILLCROFT PLAZA PG 13
DEMOGRAPHICS
FRANCOIS LEFRANCOIS LE MICHAEL LEMICHAEL LE CHRIS BROWNCHRIS BROWNPrincipal Sr. Investment Executive Investment Executive713.996.8888 832.930.7886 [email protected] [email protected] [email protected]
PRESENTED BYPRESENTED BY
FOR INFO:FOR INFO:
3
LE Commercial Real Estate // 11757 Katy Freeway, Suite 1300, Houston, TX 77079 // 713.996.8888 // le-commercial.com
© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice
DEMOGRAPHICS | Confidential Offering Memorandum le-commercial.com
POPULATIONPOPULATION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total population 23,971 209,132 514,909
Median age 33.4 32.8 33.3
Median age (Male) 33.3 32.1 32.4
Median age (Female) 33.7 33.6 34.3
HOUSEHOLDS & INCOMEHOUSEHOLDS & INCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total households 8,393 78,115 208,582
# of persons per HH 2.9 2.7 2.5
Average HH income $63,760 $65,852 $78,682
Average house value $341,801 $299,835 $342,200
* Demographic data derived from 2010 US Census
HILLCROFT PLAZA
DEMOGRAPHICS MAP & REPORT PG 15
