Jaggers - Longview, TX

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LONGVIEW, TX JAGGERS

ANNUALIZED OPERATING DATA

2 FINANCIAL ANALYSIS JAGGERS - LONGVIEW, TX PRICING & FINANCIAL ANALYSIS
Year(s) Commencement Annual Increase 1-5 11/08/2023 $100,0006-10 12/01/2028 $112,000 12.00% 11-15 12/01/2033 $125,440 12.00% 16-20 12/01/2038 $140,492 12.00% Option 1: 21-25 12/01/2043 $157,351 12.00% Option 2: 26-30 12/01/2048 $176,233 12.00% Option 3: 31-35 12/01/2053 $197,381 12.00% Option 4: 36-40 12/01/2058 $221,066 12.00% NET OPERATING INCOME $100,000 Jaggers 2541 Judson Rd Longview, TX 75605 OFFERING SUMMARY Price $1,905,000 Cap Rate 5.25% Net Operating Income $100,000 Year Built 2023 Gross Leasable Area 3,000 SF Lot Size 0.80 Acres LEASE SUMMARY Lease Term 20 Years Lease Commencement 11/08/2023 Lease Expiration 11/30/2043 Remaining Term 19+ Years Lease Type Absolute NNN Roof & Structure Tenant Increases 12% Every 5 Years Options 4 x 5 Years For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com

Jaggers is quality food, served by friendly people. Created by the founder of Texas Roadhouse, Kent Taylor, each restaurant maintains a casual atmosphere, while still serving up a huge impact in its community. The first Jaggers location opened in Noblesville, Indiana in 2014. Jaggers serves burgers, chicken, salads, and shakes made with fresh ingredients. The chicken is seasoned and dipped in homemade batter, and sauces and dressings are made in-house. Jaggers has a casual atmosphere and makes an impact in its community.

The Saxton Group. Founded in 1982 with just two Mazzio’s Pizza restaurants, The Saxton Group put its people at its center and was able to grow those two Mazzio’s locations into 50. In 2004, the Mazzio’s Pizza stores were sold, allowing The Saxton Group to fully focus on one objective: bringing the beloved McAlister’s Deli brand to Texas.

Today, The Saxton Group operates 85+ McAlister’s Deli locations across Texas, Oklahoma, and Kansas. Over 30 of those locations are in the DFW metroplex. The Saxton Group is one of the largest restaurant franchisees in the United States, with plans to open an additional 6–10 locations annually. The Saxton Group has 3,500 employees and is known for its genuine hospitality and rapid restaurant development and growth. The Saxton Group’s brand is built around the best people and ingredients. In 2023, the International Franchise Association awarded the Saxton Group Franchisee of the Year

COMPANY SUMMARY

Company Jaggers

Number of Locations 18+ Locations

Years in Business 10 Years

Website

www.eatjaggers.com

COMPANY SUMMARY

Company

The Saxton Group

Years in Business 42 Years

Website

www.saxtongroup.com

3 PROPERTY DESCRIPTION JAGGERS - LONGVIEW, TX TENANT OVERVIEW

• Brand New, Late 2023 Constructed Building

• Texas Roadhouse Concept & Franchise Guaranty by The Saxton Group – A Seasoned McAllister’s Operator with over 85 Restaurants in 6 States (Click here for Press Release Article)

• 20 – Year Absolute Net Lease – Zero Landlord Responsibility

• Healthy 12% Rent Increases Every 5 Years and in Option Periods

• Pad Site to Sprouts Grocery Anchored Center with an Array of Synergistic Tenants

• Located Right off Loop 281 & Judson Road, Jaggers is in the Heart of the Retail Corridor of Longview – Adjacent to Longview Mall (600k SF Regional Mall), Across from Longview High School, & Retailers Such As Target, Walmart, Sam’s Club, Lowe’s, Home Depot, Dick’s Sporting Goods and HomeGoods

• Daytime Population in 3 mi Radius Exceeds 40,000 People

• Article Link to Texas Roadhouse’s CEO Kent Taylor on his next big Idea, Jaggers (Click Here)

SNAPSHOT

Estimated Vehicle Per Day 53,468

Population Growth 2013-2023 12.00%

Average Household Income $87,573

Population: 5 Mile Radius 82,775

4 PROPERTY DESCRIPTION JAGGERS - LONGVIEW, TX INVESTMENT HIGHLIGHTS

VACANT

T NAILS

CICI’S PIZZA

BARTON’S HOME IMPROVEMENT

CRUNCH FITNESS

VACANT

LITTLE MEXICO

VACANT

LONGVIEW CLINIC OPERA

ATHLETIC PERFORMANCE

LASER X

VACANT

VACANT

VACANT

BIOLIFE

GOODLAND DENTISTRY

VACANT

SPROUTS FARMERS MARKET VACANT

5 PROPERTY DESCRIPTION JAGGERS - LONGVIEW, TX SITE PLAN C I N I L C W E I V G N O L MONUMENT SIGN PYLON SIGN OPEN/LEASED AV LOI AT FUTURE NOT SKYLINE DRIVE COMMANDER DR. JUDSON ROAD (SPUR 502) 70.3’ 167’ 158’ 50’ 150’ 100’ 20’ 20’ 40’ 50’ 30.8’ 29.8’ 89.4’ 60.8’ 89.6’ 60.3’ 30’ 29’ 60’ 119’ 29’ 60’ 140’ AVAILABLE 40,922 SF 2527 2501 2519 2515
AVAILABLE 13,500 SF AVAILABLE 2,000 SF AVAILABLE 4,500 SF 2550 2545 AVAILABLE 13,500 SF 24,914 SF 120'7 1/2" 245'2 1/2" 65-10 135' - 4 1/2" 120’-2” 120’-7 1/2” Working Coming Soon Working

LONGVIEW HIGH SCHOOL

34,356VPD

19,112 VPD

6 MARKET OVERVIEW JAGGERS - LONGVIEW, TX AERIAL MAP

34,356

LONGVIEW REGIONAL MEDICAL CENTER LONGVIEW HIGH SCHOOL LONGVIEW MALL

7 MARKET OVERVIEW JAGGERS - LONGVIEW, TX AERIAL MAP
VPD JUDSON RD
VPD
19,112
JAGGERS
8 MARKET OVERVIEW JAGGERS - LONGVIEW, TX REGIONAL MAP

Longview, TX OVERVIEW

Longview, the county seat of Gregg County, is a city in Gregg and Harrison counties in Texas. Longview is located in East Texas, where Interstate 20 and U.S. Highways 80 and 259 converge just north of the Sabine River. The city is just over 120 miles east of Dallas and less than 60 miles from Shreveport, Louisana.

According to the 2010 U.S. census, Longview had a population of 80,455, with an estimated population of 81,631 in 2019. Longview is the principal city of the Longview metropolitan statistical area, comprising Gregg, Upshur, and Rusk counties. As of 2019, the population of the metropolitan area census estimates is 286,657.

Longview was founded in the early 1870’s when Southern Pacific Railroad extended its track from Marshall, Texas, westward into Gregg County. In June 1871, Longview was incorporated as the first town in Gregg County. Today, the city is considered a major hub city for the region. In 2014, Forbes magazine ranked Longview as the sixth fastestgrowing small city in the United States.

Additionally, Longview is the hub of East Texas outdoor recreation and leisure travel. AlleyFest is an annual art and music festival in downtown Longview. The Great Texas Balloon Race is a competitive event attracting world class hot air balloon pilots from around the world who compete for points toward national and international titles. There are 25 lakes, within 75 miles of Longview, providing many outdoor activities.

Longview’s economy is strong and diverse, and the oil and gas industry continues to play a major role in its economic development. Companies with significant presence in Longview are Eastman Chemical and Trinity Rail Group. Some other major sectors of the Longview economy include the East Texas Oil Field, services, technology, and manufacturing. In October 2007, Longview was recertified as a Texas Urban Main Street City.

Other communities stimulating the city and metro area are LeTourneau University, Kilgore College, and the University of Texas at Tyler’s Longview University Center.

9 MARKET OVERVIEW JAGGERS - LONGVIEW, TX MARKET SUMMARY
10 MARKET OVERVIEW JAGGERS - LONGVIEW, TX DEMOGRAPHIC STATISTICS Demographic data © CoStar 2023 3 Mile 5 Mile 10 Mile Population 2010 Population 38,735 80,071 113,667 2023 Population 40,785 82,775 118,506 2028 Population Projection 41,348 83,723 120,231 Annual Growth 2010-2023 0.40% 0.30% 0.30% Annual Growth 2023-2028 0.30% 0.20% 0.30% Median Age 39.5 37.1 37.3 Bachelor's Degree or Higher 27% 22% 21% U.S. Armed Forces 0 0 28 Population by Race White 32,386 61,937 90,470 Black 6,133 16,608 22,401 American Indian/Alaskan Native 374 835 1,175 Asian 933 1,415 1,633 Hawaiian & Pacific Islander 17 97 146 Two or More Races 943 1,883 2,681 Hispanic Origin 5,439 16,643 21,662 Housing Median Home Value $187,914 $165,900 $170,011 Median Year Built 1980 1977 1978 3 Mile 5 Mile 10 Mile Households: 2010 Households 16,613 30,880 42,834 2023 Households 17,595 32,157 44,869 2028 Household Projection 17,838 32,537 45,519 Annual Growth 2010-2023 1.00% 0.80% 0.80% Annual Growth 2023-2028 0.30% 0.20% 0.30% Owner Occupied 10,015 18,876 28,553 Renter Occupied 7,824 13,661 16,967 Avg Household Size 2.2 2.5 2.6 Avg Household Vehicles 2 2 2 Total Consumer Spending $516.2M $917.5M $1.3B Income Avg Household Income $87,573 $79,692 $81,670 Median Household Income $62,693 $57,853 $59,783 < $25,000 3,178 6,680 9,396 $25,000 - 50,000 3,600 6,770 9,016 $50,000 - 75,000 3,249 6,121 7,739 $75,000 - 100,000 2,446 4,481 6,743 $100,000 - 125,000 1,250 2,280 3,329 $125,000 - 150,000 757 1,399 2,470 $150,000 - 200,000 1,951 2,748 3,699 $200,000+ 1,165 1,678 2,478

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 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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

This

the current or future performance of the property. © 2017 STRIVE
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

Net Lease Disclaimer

STRIVE 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, 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 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. 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 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 STRIVE 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.

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. Regulated

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.

by the Texas Real Estate Commission Information available at www.trec.texas.gov
IABS 1-0
exclusively listed 469.844.8880 STRIVERE.COM

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