BRYAN TOWNE CENTER EXPERIENTIAL CENTER BRYAN, TX
PRI CING & F INAN CI AL AN ALYSI S
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
Bryan Towne Center Experiential Center 3001 Wildflower Dr Bryan, TX 77803
OFFERING SUMMARY Price Cap Rate Net Operating Income
$12,315,000 7.50% $923,242
Price PSF
$147.49
Occupancy
100.0%
Year Built Gross Leasable Area Lot Size
2007 83,500 SF 17.82 Acres
CLICK LINKS BELOW TO ACCESS OTHER PROPERTIES IN BRYAN TOWNE CENTER
NW OF TARGET INLINE
SE OF TARGET INLINE
TARGET SHADOW STRIP
F I N A N C I A L A N A LY S I S
2
PRI CING & F INAN CI AL AN ALYSI S
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
PROJECTED INCOME & EXPENSES Base Rent - Occupied Space
CURRENT 100%
GROSS POTENTIAL RENT
PSF
EXPENSES
CURRENT
PSF
$957,871
$11.47
Real Estate Taxes
$117,499
$1.41
$957,871
$11.47
Insurance
$14,003
$0.17
$33,594
$0.40
Expense Reimbursements
CAM
Real Estate Tax Recoveries
$117,499
$1.41
Electric/Gas
Insurance Recoveries
$14,003
$0.17
Water & Sewer
$3,395
$0.04
CAM Recoveries
$157,153
$1.88
Water & Sewer - Irrigation
$6,940
$0.08
$0
$0.00
Trash Removal
$16,974
$0.20
$288,655
$3.46
Cleaning Common Area
$1,473
$0.02
$1,246,530
$14.93
Fire Safety
$4,904
$0.06
Parking Lot Sweeping
$8,857
$0.11
Parking Lot Maint
$7,367
$0.09
Parking Lot Lights
$4,420
$0.05
$589
$0.01
$27,736
$0.33
Extermination
$377
$0.00
Roof Repairs
$3,536
$0.04
Maintenance Equip/Supplies
$884
$0.01
Plumbing Maintenance
$1,179
$0.01
Misc. Maintenance
$707
$0.01
Painting & Decorating
$1,768
$0.02
Pylon Sign Expense
$3,536
$0.04
Other/Misc
$4,479
$0.05
Management Salaries
$21,070
$0.25
$153,786
$1.84
$38,000
$0.46
$323,288
$3.87
Management Recoveries Total Expense Reimbursements EFFECTIVE GROSS REVENUE Operating Expenses Total Real Estate Taxes
$117,499
$1.41
Total Insurance
$14,003
$0.17
Total CAM
$153,786
$1.84
$38,000
$0.46
Total Recoverable Expenses
$323,288
$3.87
Net Operating Income
$923,242
$11.06
Management Fee
3.00%
For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com
Snow Removal Landscaping
Total CAM Management Fee Total Expenses
3.00%
F I N A N C I A L A N A LY S I S
3
RE NT RO L L Tenant
True Fit Athletic Club
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R Suite
SQ FT
% of SQFT
Lease Dates
Minimum Rent
Recoveries
Total
Start
End
Annual
Monthly
PSF
Annual
PSF
Revenue
% of Revenue
1100
35,000
41.92%
08/18
11/31
$384,996
$32,083
$11.00
$129,251
$3.69
$514,247
41.25%
A1-02
34,000
40.72%
08/16
11/27
$357,000 $29,750
$10.50
$115,692
$3.40
$472,692
37.92%
Rue 21
A1-1
6,500
7.78%
07/08
01/27
$14.75
$17,127
$2.63
$113,002
9.07%
Pet Supplies Plus
A1-2
8,000
9.58%
08/16
08/26
$120,000 $10,000
$15.00
$26,586
$3.32
$146,586
11.76%
Total Count/GLA
4
83,500
100%
Totals
$957,871
Occupied
4
83,500
100.0%
Available
0
0
0.0%
$11.47
83,500
100.0%
Jumping World
Total Avg Rent
$95,875
$7,990
$79,823
$288,655
$1,246,526 100.00%
NOTE: Seller will guarantee rental income through 2020
F I N A N C I A L A N A LY S I S
4
E S TI MATED REIMBUR SEMEN T R EVEN U E Tenant
True Fit Athletic Club Jumping World
Suite
1100
SQ FT
% of SQFT
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R Real Estate Taxes
Insurance
CAM
Management Fee
Total Recovery
Monthly
PSF
Monthly
PSF
Monthly
PSF
Monthly
PSF
Monthly
PSF
35,000
41.92%
$4,104
$1.41
$489
$0.17
$6,178
$2.12
$0
$0.00
$10,771
$3.69
A1-02 34,000
40.72%
$3,987
$1.41
$475
$0.17
$5,179
$1.83
$0
$0.00
$9,641
$3.40
Rue 21
A1-1
6,500
7.78%
$762
$1.41
$91
$0.17
$574
$1.06
$0
$0.00
$1,427
$2.63
Pet Supplies Plus
A1-2
8,000
9.58%
$938
$1.41
$112
$0.17
$1,166
$1.75
$0
$0.00
$2,215
$3.32
83,500
100%
$9,792
TOTALS
$1,167
$13,096
$0
$24,055
PROPERTY DESCRIPTION
5
L E A SE PROVIS ION S, CON T.
Tenant
Suite
SQ FT
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R Base Rental Increases Date
True Fit Athletic Club 1100
Jumping World
Rue 21
Pet Supplies Plus
TOTAL
PSF
Renewal Options
CAM Cap
CAM Cap Description
A1-2
Termination Rights
Sales Reporting
-
Options
Date
PSF
12/1/2026 12.00
4x5
12/1/2031 12/1/2036 12/1/2041 12/1/2046
13.00 14.00 15.00 16.00
Yes
3% non cumulative on controllable CAM
Exclusive right to operate fitness facility or gym which contains workout equipment or weights
-
12/1/2022
11.00
2x5
12/1/2027 12/1/2032
12.00 12.50
Yes
5% non cumulative on controllable CAM
Exclusive entertainment and recreation center featuring trampolines as the primary source of recreation
-
Yes, at LL Request but no more than once per calendar year
2/1/2021 2/1/2022 2/1/2023 2/1/2024 6,500 2/1/2025 2/1/2026
14.86 15.15 15.46 15.77 16.08 16.40
2x5
2/1/2027 2/1/2032
19.75 20.75
Yes
4% non cumulative cap
-
Cotenancy with Target and to have 70% occupancy in the building
Yes, within 30 days of the end of each calendar month and within 60 days of the end of a calendar year
9/1/2021
16.50
4x5
9/1/2026 9/1/2031 9/1/2036 9/1/2041
18.15 19.97 21.96 24.16
Yes
5% non cumulative on controllable CAM
Cotenancy with Target and to have 60% occupany in the building
-
35,000
A1-02 34,000
A1-1
User Restrictions & Exclusive Rights
8,000
Exclusive store for pet use (excluding veterinarian)
83,500
F I N A N C I A L A N A LY S I S
6
TE NA NT INF ORMAT I ON
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
Tenant
Tru Fit Athletic Clubs
Corporate/Franchise
Franchise
Locations
30+ Locations
Public/Private
Private
Line of Business
Tru Fit Athletic Clubs is a privately owned and operated fitness center chain. Tru Fit is locally led by a hands-on ownership team that is combines years of industry experience to ensure stability and foundational strength. Tru Fit Athletic Clubs’ operations are grounded in convenience, safety and quality.
Tenant
Jumping World
Corporate/Franchise
Corporate
Locations
12 Locations
Public/Private
Private
Line of Business
Jumping World is an indoor trampoline park where children and adults can be physically active. Jumping World offers parks featuring trampoline lanes, basketball dunk, dodgeball, foam pits, redemption arcade and toddler courts. Some locations offer a ninja warrior course, water ball, mechanical bull and indoor zip line.
Tenant
Rue 21
Corporate/Franchise
Corporate
Locations
675+ Locations
Public/Private
Private
Line of Business
Rue 21 (styled as rue21) is an American specialty retailer of women’s casual apparel and accessories headquartered in the Pittsburgh, Pennsylvania, area. Its clothes are designed to appeal to people who desire, wish, or feel to be 21. Rue 21 offers its own brands in addition to other brands in order to create merchandise excitement and differentiation in its stores.
Tenant
Pet Supplies Plus
Corporate/Franchise
Franchise
Locations
425+ Locations
Public/Private
Private
Line of Business
Pet Supplies Plus is a pet supply retailing corporation focused on being a neighborhood pet supply “supermarket.” The third largest specialty pet food retailer in the US, Pet Supplies Plus stock a wide selection of pet food and supplies. The stores also have limited livestock departments as well as grooming services and self-serve dog washes.
PROPERTY DESCRIPTION
7
I N VE S TMENT HI GHLI GHT S
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
• Target: Bryan Towne Center is strategically positioned shadow to Target, which is one of the largest traffic generators in the Bryan-College Station area. • Texas A&M University: Texas A&M is located less than 5 miles south of the Property and has an enrollment of 60,435. • New Adjacent Developments: Over the last two years, a 112-room Hyatt House Hotel and an emergency care center, Caprock Hospital, were developed on the adjoining land of the subject property. • Access & Traffic Counts: The Property benefits from more than 59,000 vehicles daily on Texas State Highway 6 and in excess of 12,500 cars along Braircrest Dr. • High Growth Trade Area: Since 2010, this portion of Bryan has seen 64.78% growth within one mile of the Property and is expected to see an additional 13.90% growth over the next five years. • Household Density: There are over 3,300 houses within a one-mile radius of Bryan Towne Center with home values ranging from $250,000-$750,000. • Land Included: Included in this sale is 75,000 SF of vacant land for a potential future development • Additional Land for Sale: Available separately are two additional parcels of land, parcel #2 and parcel #3 which are 100,000 SF and 30,000 SF, respectively. Please see site plan and inquire if interested. PROPERTY DESCRIPTION
8
S I T E PL A N
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
A2-15
A2-23 A2-21 A2-20 A2-19 A2-17
A2-07
A2-13
A2-06
B1-09
B1-07
B1-05
B1-03
NOT A PART
B1-01
ER E NT TO W N E C
A2-01 A2 05
A1-1
A1-0
2
A1-2
WA
1100
Y
LAND PARCEL 2 NOT A PART (BUT CAN BE PURCHASED)
NOT A PART
BRIAR
LAND PARCEL 1
CREST
W I LD
F L O W ER
DR
LAND PARCEL 3 NOT A PART (BUT CAN BE PURCHASED)
DR C3-15
C3-07-11
C3-03
N NE CE TOW
NOT A PART
NOT A PART
SE of Target Inline
NW of Target Inline All American Embroidery
AY TER W
A2-15
Pacific Dental
A2-19
Elements Massage
A2-05
Lucky Nails
A2-23
One Main Financial, Inc.
A2-07
Pizza Hut
A2-21
Lease in Negotiation
A2-01
Shipley Donuts
SUBJECT PROPERTY
A2-06
Farmer's Insurance
A2-17
Cutting Edge Chiropractor
NOT A PART
A2-13
Pending Tenant
NOT A PART NOT A PART
A2-20
B1-01
Hibbetts Sporting Goods
B1-03
Rack Room Shoes
B1-05
Maurices Inc.
B1-07
Popcorn Flavors
B1-09
Dollar Tree Experiential Center
1100 A1-02
True Fit Athletic Club Jumping World
A1-1
Rue 21
A1-2
Pet Supplies Plus Target Shadow Strip
C3-03
Sylvan
C3-07-11 Sola Salons C3-15
Smarty Sprouts
PROPERTY DESCRIPTION
9
S I T E PL A N
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
Suite
Tenant
SQ FT
1100
True Fit Athletic Club
35,000
Jumping World
34,000
A1-02
A1-1 A1-2
A1-1
Rue 21
6,500
A1-2
Pet Supplies Plus
8,000
A1-0
2 1100
LAND PARCEL 2 NOT A PART (BUT CAN BE PURCHASED)
LAND PARCEL 3 NOT A PART (BUT CAN BE PURCHASED)
PROPERTY DESCRIPTION
10
A E R I AL MA P
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R MITCHELL ELEMENTARY SCHOOL SAM RAYBURN INTERMEDIATE SCHOOL
ALLEN ACADEMY
HOUSTON ELEMENTARY SCHOOL
FANNIN ELEMENTARY SCHOOL
BLINN COLLEGE
AUSTIN MIDDLE SCHOOL
R
C
R
ES
T
D
R
BRYAN CAMPUS
TE
BRYAN COLLEGIATE HIGH SCHOOL
B
R
IA
HENDERSON ELEM. SCHOOL
BRYAN HIGH SCHOOL
X A S V A
JOHNSON ELEMENTARY SCHOOL
E ROSS ELEM. SCHOOL
CROCKET ELEM. SCHOOL
UN
E IV
RS
Y IT
DR
PROPERTY DESCRIPTION
11
A E R I AL MA P
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
JAMES EARL RUDDER HIGH SCHOOL
DOWNTOWN BRYAN BLINN COLLEGE
MIRAMONT COUNTRY CLUB SITE
BRYAN CAMPUS
BRYAN HIGH SCHOOL
CHI ST. JOSEPH HEALTH BRYAN COLLEGIATE HIGH SCHOOL TEXAS A&M UNIVERSITY
KYLE FIELD
POST OAK MALL
HISTORIC DISTRICT
BAYLOR SCOTT & WHITE A&M CONSOLIDATED HIGH SCHOOL EASTERWOOD AIRPORT (CLL) COLLEGE STATION HIGH SCHOOL
PROPERTY DESCRIPTION
12
LO C AL MA P
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
PROPERTY DESCRIPTION
13
REG IONA L MA P
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
PROPERTY DESCRIPTION
14
M A R KET S U MMARY
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
Bryan–College Station, TX
OVERVIEW Bryan–College Station is a metropolitan area centering on the twin cities of Bryan and College Station in the Brazos Valley region of Texas. The College Station–Bryan Metropolitan Statistical Area (MSA) is north of both Houston and Austin. The 2019 population estimate placed the population of the three-county metropolitan area at 273,101, making it the 13th-largest metropolitan area in Texas. The MSA encompasses three counties: Brazos, Burleson and Robertson. College Station is home to the main campus of Texas A&M University, the flagship institution of the Texas A&M University System. Texas A&M has a student enrollment of over 69,000 students, making it second-largest public American university. Consequently, area’s economic and social life is centered on the university, and the Bryan–College Station MSA is popularly known as “Aggieland” in reference to the Aggies nickname for the university’s sports teams and students. The city of College Station owes both its name and existence to the university’s location along a
railroad. Texas A&M’s triple designation as a Land, Sea-, and Space-Grant institution reflects the broad scope of the research endeavors it brings to the city, with ongoing projects funded by agencies such as NASA, the National Institutes of Health, the National Science Foundation, and the Office of Naval Research. Due largely to the presence of Texas A&M University, College Station was named by Money magazine as the most educated city in Texas, and the 11th-most educated city in the United States. Other attractions in Bryan-College Station include the nationally recognized George H.W. Bush Presidential Library and Museum, the Museum of the American G.I., Brazos Valley African American Museum (which is one of only three in the state dedicated to African American heritage) and the Brazos Valley Museum of Natural History. College Station is also home to the Post Oak Mall, which is currently the largest mall in the Brazos Valley. The 82-acre mall is home to 125 stores.
PROPERTY DESCRIPTION
15
D E M OG RA PHIC STAT I ST I CS
BRYA N TOWNE C E NT E R | E X P E R IE NT IAL C E NT E R
1 Mile
3 Mile
5 Mile
8,059
55,260
150,473
2019 Estimate
7,047
50,509
138,488
2010 Census
4,073
44,311
123,439
Population: 2024 Projection
Growth 2019-2024
14.36%
9.41%
8.65%
Growth 2010-2019
73.02%
13.99%
12.19%
1,206
12,816
42,325
White
6,291
40,457
107,162
Black
530
6,215
18,447
34
397
1,090
Asian
71
2,321
8,701
Hawaiian & Pacific Island
26
104
193
Other
95
1,015
2,895
U.S. Armed Forces:
0
46
90
2024 Projection
3,558
22,880
56,216
2019 Estimate
3,102
20,877
51,410
2010 Census
1,751
18,145
45,485
Growth 2019 - 2024
14.70%
9.59%
9.35%
Growth 2010 - 2019
77.16%
15.06%
13.03%
2,323
9,951
19,997
2019 Population Hispanic Origin
2019 Population by Race:
Am. Indian & Alaskan
Households:
Owner Occupied
779
10,925
31,413
2019 Avg Household Income
Renter Occupied
$86,207
$68,973
$62,521
2019 Med Household Income
$59,013
$44,476
$37,389
<$25,000
344
5,697
18,330
$25,000 - $50,000
1,010
5,572
13,106
2019 Households by Household Inc:
$50,000 - $75,000
449
3,069
6,100
$75,000 - $100,000
414
2,421
4,863
$100,000 - $125,000
322
1,253
2,511
$125,000 - $150,000
214
990
2,257
$150,000 - $200,000
102
797
1,585
$200,000+
246
1,077
2,656
Demographic data © CoStar 2020
PROPERTY DESCRIPTION
16
CONFIDENTIALITY AGREEMENT 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 STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. 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 STRIVE. 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. STRIVE 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 tenantâ&#x20AC;&#x2122;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, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE 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 STRIVE AGENT FOR MORE DETAILS.
Commercial Disclaimer STRIVE hereby advises all prospective purchasers of commercial property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a commercial 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. STRIVE 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 commercial 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 commercial 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 tenants 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 tenants 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 leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants 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 STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.
Information About Brokerage Services
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller’s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and • buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: ӽ that the owner will accept a price less than the written asking price; ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
Regulated by the Texas Real Estate Commission
Information available at www.trec.texas.gov IABS 1-0
exclusively listed 469.844.8880
STRIVERE.COM