Eastland Crossing - Eastland, TX by STRIVE

EASTLAND CROSSING EASTLAND, TX

PRICING & FINANCIAL ANALYSIS

EASTLAND CROSSING

FINANCIAL ANALYSIS

Eastland Crossing 1404 E Main Street Eastland, TX 76448

Offering Summary Price Cap Rate Net Operating Income

$485,000 8.00% $38,978

Price PSF

$121.25

Occupancy

100.0%

Gross Leasable Area Lot Size

1995

PROPERTY DESCRIPTION

Year Built

4,000 SF 0.62 Acres

MARKET OVERVIEW 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. 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. Â© 2017 STRIVE

PRICING & FINANCIAL ANALYSIS

EASTLAND CROSSING

PSF

Expenses

(100%)

$44,700

$11.18

(0%)

$0.00

$44,700

$11.18

Real Estate Tax Reimb.

$3,297

$0.82

Insurance Reimb.

$2,181

$0.55

CAM Reimb.

$245

$0.06

Mgmt./Admin. Fee Reimb.

$0.00

Total Expense Reimbursements

$5,722

$1.43

$50,422

$12.61

$0.00

$50,422

$12.61

Real Estate Taxes

($6,593)

($1.65)

Insurance

($4,361)

($1.09)

CAM

($490)

($0.12)

$0.00

($11,444)

($2.86)

$38,978

$9.74

Base Rent - Occupied Space Base Rent - Vacant Space GROSS POTENTIAL RENT Expense Reimbursements

Vacancy Factor

0.00%

EFFECTIVE GROSS REVENUE

PSF

Real Estate Taxes

$6,593

$1.65

Insurance

$4,361

$1.09

Landscaping

$350

$0.09

Repairs

$140

$0.04

Total CAM

$490

$0.12

$0.00

$11,444

$2.86

CAM

Management Fee (% of GPI)

TOTAL EXPENSES

0.00%

PROPERTY DESCRIPTION

GROSS POTENTIAL REVENUE

Current

FINANCIAL ANALYSIS

Current

Income & Expenses

Expenses

Mgmt. Fee (% of GPI) Total Expenses

NET OPERATING INCOME

0.00%

RENT ROLL

EASTLAND CROSSING % of Sq Ft

Start

End

Annual Rent

PSF

Escalation Date

Cash Store

2,000

50.0%

7/20/2011

7/31/2021

$33,000

$16.50

8/31/2021

$18.15

1x5

NNN

Certified Auto Direct

2,000

50.0%

1/1/2016

12/31/2019

$11,400

$5.70

1/1/2019

$6.00

3x1

Gross

Occupied

4,000

100.0%

$44,400

$11.10

0.0%

4,000

100.0%

Vacant Total

Escalation Options Amount

Lease Type

PROPERTY DESCRIPTION

Sq Ft

FINANCIAL ANALYSIS

Suite Tenant

TENANT INFORMATION

EASTLAND CROSSING

FINANCIAL ANALYSIS

Tenant Summary Company Ownership Number of Locations Years in Business Headquarters Website

The Cash Store Private 340+

PROPERTY DESCRIPTION

Founded in 1996, Cottonwood Financial is one of the largest privately held retail consumer finance companies in the consumer finance industry. They have over 345 locations, under the Cash Store brand, across the country. The national brick-and-mortar footprint, coupled with their online presence, allows them to provide customer service and offer an innovative mix of financial products and services to their customers.

22 Years Irving, TX www.cashstore.com

INVESTMENT HIGHLIGHTS

EASTLAND CROSSING

FINANCIAL ANALYSIS

• Pad Site To Walmart Supercenter - Large Draw to Surrounding Communities - Nearest Walmart is Approximately 50 Miles Away

• 2 Tenant Strip with High Visibility along Main Thoroughfare at Intersection of Main St & Walmart Entrance

PROPERTY DESCRIPTION

• Strong Anchor Tenant in Stabilized Strip with Future Value Add Opportunity

• Proven Tenants at This Location – Cash Store Recently Renewed

• Ease of Management & Bite Size Opportunity

MARKET OVERVIEW

• Located on a High Traffic Corridor due to Heavy Industry Nearby Such as Vulcan Material Co., EBAA Iron, & the Missouri Pacific Railroad

• Nearby National Retailers Include Walmart, Taco Bell, AT&T, Tractor Supply, 7-Eleven, McDonald’s, Bealls, Aaron’s, Dollar General 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. 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. © 2017 STRIVE

SITE PLAN

EASTLAND CROSSING

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

Certified Auto Direct

Access Road to Walmart Supercenter

MARKET OVERVIEW

E Main St

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. 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. ÂŠ 2017 STRIVE

AERIAL MAP

EASTLAND CROSSING

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

E Main St

12,600 VPD

MARKET OVERVIEW

16,800 VPD

LOCAL MAP

EASTLAND CROSSING

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW 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. 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. ÂŠ 2017 STRIVE

REGIONAL MAP

EASTLAND CROSSING

MARKET SUMMARY

EASTLAND CROSSING

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

EASTLAND, TX Eastland is a city located in Eastland County in west Texas. The city is located along Interstate 20 and is approximately 55 miles east of Abilene, Texas and around 96 miles from the Dallas-Fort Worth metroplex. It is located at the intersection of State highways 6 and 112, northwest of Interstate Highway 20 on the Missouri Pacific Railroad in the central part of the county. The city is named for William M. Eastland, a Texas War for Independence hero who was in Mier Expedition against Mexico.

Eastland is also known for the legend of “Old Rip”, a horned toad that lived many years sealed in the cornerstone of the previous Eastland courthouse built in 1897. In 1928, the current courthouse was erected, the prior cornerstone was opened, and “Old Rip” was found alive. Though many doubted the toad’s authenticity, he (and eventually his remains) got quite a bit of state and even national publicity and became an important part of town and county lore.

MARKET OVERVIEW

Eastland was named county seat in an election on Aug. 2, 1875. With 250 people it was incorporated on June 6, 1891, and W.Q. Connellee was elected as mayor. After a discovery in 1917, one of the fabled oil booms of Texas occurred nearby, with Eastland center for legal matters. With oil priced $2.60 a barrel, many wells flowed at 10,000 barrels a day. The city quickly grew to 25,000 people; 5 banks prospered. Coming here to seek “black gold” were several celebrities, including evangelist Billy Sunday, circus owner John

Ringling, and sports figures Jess Willard, Tex Rickard.

Continuing oil production, agricultural processing and clay products bolster the present economy. The largest industries in Eastland, TX are Healthcare & Social Assistance, Retail trade, and Construction, and the highest paying industries are Transportation & Warehousing ($70,114), Mining, Quarrying, Oil, Gas Extraction ($48,125), and Real Estate, Rental & Leasing ($27,704).

DEMOGRAPHIC STATISTICS

EASTLAND CROSSING

1 Mile

5 Mile

10 Mile

155 157 160 -1.27% -1.88% 33

4,746 4,827 5,041 -1.68% -4.25% 924

9,701 9,838 10,134 -1.39% -2.92% 1,757

147 4 1 2 0 2 0

4,557 112 34 57 6 61 0

9,262 261 103 72 7 133 0

60 61 62 -1.64% -1.61% 41 20 $54,194 $41,666

1,901 1,935 2,028 -1.76% -4.59% 1,324 611 $62,143 $38,068

3,904 3,962 4,092 -1.46% -3.18% 2,826 1,136 $54,621 $36,974

15 37 4 1 2 0 0 3

675 598 236 183 73 0 27 142

1,365 1,215 641 307 176 49 44 166

FINANCIAL ANALYSIS

Radius Population: 2022 Projection 2017 Estimate 2010 Census Growth 2017-2022 Growth 2010-2017 2017 Population Hispanic Origin

2017 Population by Race:

Households:

2022 Projection 2017 Estimate 2010 Census Growth 2017 - 2022 Growth 2010 - 2017 Owner Occupied Renter Occupied 2017 Avg Household Income (National Avg - $75,558) 2017 Med Household Income (National Med - $53,889)

2017 Households by Household Inc:

MARKET OVERVIEW

<$25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $125,000 $125,000 - $150,000 $150,000 - $200,000 $200,000+

PROPERTY DESCRIPTION

White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other U.S. Armed Forces:

Demographic data © CoStar 2017 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. 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. © 2017 STRIVE

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: ӽӽ that the owner will accept a price less than the written asking price; ӽӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽӽ 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