DALLAS, TX HOLMES RETAIL
2FINANCIAL ANALYSIS HOLMES RETAIL - DALLAS, TXPRICING & FINANCIAL ANALYSIS OFFERING SUMMARY Price $1,515,000 Cap Rate 7.00% Net Operating Income $105,855 Price PSF $172.43 Occupancy 100% Year Built 2022 Gross Leasable Area 8,786 SF Lot Size 0.51 Acres Holmes Retail 3639-3647 Holmes St Dallas, TX 75215
3FINANCIAL ANALYSIS HOLMES RETAIL - DALLAS, TXPRICING & FINANCIAL ANALYSIS PROJECTED INCOME & EXPENSES CURRENT PSF Base Rent - Occupied Space 100% $113,375 $12.90 Base Rent - Lease Up Space GROSS POTENTIAL RENT $113,375 $12.90 Expense Reimbursements Real Estate Taxes $20,719 $2.36 Insurance $2,136 $0.24 CAM $5,772 $0.66 Management Fee $3,534 $0.40 Total Expense Reimbursements $32,161 $3.66 GROSS POTENTIAL INCOME $145,536 $16.56 EFFECTIVE GROSS REVENUE $145,536 $16.56 Operating Expenses Real Estate Taxes ($25,564) ($2.91) Insurance ($2,636) ($0.30) CAM ($7,121) ($0.81) Management Fee 3.00% ($4,360) ($0.50) Total Recoverable Expenses ($39,681) ($4.52) Net Operating Income $105,855 $12.05 EXPENSES CURRENT PSF Real Estate Taxes $25,564 $2.91 Insurance $2,636 $0.30 Total CAM $7,121 $0.81 Management Fee 3.00% $4,360 $0.49 Total Expenses $39,655 $4.51 For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) gholley@highstcapital.com714.514.2990
4FINANCIAL ANALYSIS HOLMES RETAIL - DALLAS, TXRENT ROLL Suite Tenant SQ FT % of SQFT Start End AnnualRent PSF EscalationDate EscalationAmount Options Lease Type 3639 Design Styles Nail 1,666 18.96% 12/1/2021 8/31/2024 $18,874 $11.33 9/1/2023 $11.67 NNN 3641 Creative Juices 1,474 16.78% 8/1/2022 9/30/2025 $16,212 $11.00 8/1/2023 $11.33 NNN 3645 Viola's House 1,343 15.29% 10/1/2022 5/31/2025 $14,772 $11.00 10/1/2023 $11.33 NNN 3647 Viola's House 2,638 30.03% 3/1/2022 2/28/2025 $29,016 $11.00 3/1/2023 $11.33 NNN 3651 PC Solutions of Texas 465 5.29% 9/1/2012 6/30/2027 $10,884 $23.41 Gross 3653 Dallas Discount Tobacco 1,200 13.66% 1/1/2009 6/30/2027 $22,557 $18.80 7/1/2023 $19.36 Gross Occupied 8,786 100.00% $112,315 $12.78 *$113,375 Vacant 0 Total 8,786 100.00% *Analysis takes into consideration a One (1) year Hold as of 11/1/2022
6PROPERTY DESCRIPTION HOLMES RETAIL - DALLAS, TXSITE PLAN DiscountDallasTobacco Not a Part Viola’s House BabyBoutiqueBenefit CreativeJuices BeautyDesignStylesNail& StHamburgAveMetropolitan Holmes St BoutiqueBenefitViola’sHouseBaby SolutionsPCofTexas
DOWNTOWN DALLAS I-45 148,691VPD
8MARKET OVERVIEW HOLMES RETAIL - DALLAS, TXAERIAL MAP DOWNTOWNDALLAS DALLASSOUTH CEDARS ELLUMDEEP INTERSTATE 30 INTERSTATE35 INTERSTATE45 148,691VPDBISHOPARTS
9MARKET OVERVIEW HOLMES RETAIL - DALLAS, TXLOCAL MAP
10MARKET OVERVIEW HOLMES RETAIL - DALLAS, TXREGIONAL MAP
12MARKET OVERVIEW HOLMES RETAIL - DALLAS, TXDEMOGRAPHIC STATISTICS Demographic data © CoStar 2021 1 Mile 3 Mile 5 Mile Population2010Population 6,450 74,009 316,366 2020 Population 7,643 90,576 359,699 2025 Population Projection 7,816 93,036 365,651 Annual Growth 2010-2020 1.50% 1.90% 1.10% Annual Growth 2020-2025 0.50% 0.50% 0.30% Median Age 41.5 35.9 35.4 Bachelor's Degree or Higher 7% 25% 31% U.S. Armed Forces 0 21 84 Population by Race White 722 44,016 236,290 Black 6,716 41,721 103,625 American Indian/Alaskan Native 72 1,127 4,060 Asian 9 2,064 9,566 Hawaiian & Pacific Islander 1 101 369 Two or More Races 122 1,546 5,788 Hispanic Origin 795 33,127 166,605 HousingMedian Home Value $88,310 $160,182 $244,497 Median Year Built 1953 1969 1969 1 Mile 3 Mile 5 Mile Households:2010Households 2,741 29,572 120,259 2020 Households 3,136 37,835 140,144 2025 Household Projection 3,189 39,100 142,959 Annual Growth 2010-2020 0% 1.70% 1.20% Annual Growth 2020-2025 0.30% 0.70% 0.40% Owner Occupied 1,194 10,758 52,912 Renter Occupied 1,995 28,342 90,048 Avg Household Size 2.3 2.3 2.4 Avg Household Vehicles 1 1 2 Total Consumer Spending $57.2M $891.7M $3.9B IncomeAvgHousehold Income $40,261 $67,607 $86,512 Median Household Income $29,374 $46,261 $58,631 < $25,000 1,350 10,969 31,079 $25,000 - 50,000 907 9,067 29,680 $50,000 - 75,000 397 5,904 24,799 $75,000 - 100,000 229 4,085 15,294 $100,000 - 125,000 135 2,556 10,856 $125,000 - 150,000 97 1,863 7,449 $150,000 - 200,000 6 1,646 7,387 $200,000+ 13 1,745 13,599
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS. AGREEMENT
CONFIDENTIALITY
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 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, 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.
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.
STRIVE hereby advises all prospective purchasers of commercial property as follows:
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. Disclaimer
Commercial
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.
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.
469.844.8880 STRIVERE.COM exclusively listed