Realm Gateway II - The Colony, TX

Page 1

LEWISVILLE, TX DALLAS (MSA)
GATEWAY II
REALM

REALM GATEWAY PORTFOLIO

NAME STREET CITY STATE YEAR BUILT SF LIST PRICE NOI CAP RATE Realm Gateway I 4622 Windhaven Pkwy Lewisville TX 2021 4,691 $2,825,000 $176,440 6.25% Realm Gateway II 4680 Windhaven Pkwy Lewisville TX 2022 6,883 $3,875,000 $246,050 6.35% Realm Gateway III 4690 Windhaven Pkwy Lewisville TX 2022 6,883 $3,975,000 $248,352 6.25% TOTAL 18,457 $10,675,000 $670,842

Realm Gateway II

3 FINANCIAL ANALYSIS I REALM GATEWAY II - LEWISVILLE, TX PRICING & FINANCIAL ANALYSIS OFFERING SUMMARY Price $3,875,000 Cap Rate 6.35% Net Operating Income $246,050 Price PSF $562.98 Occupancy 100% Year Built 2022 Gross Leasable Area 6,883 SF Lot Size 1.32 Acres
Windhaven Pkwy Lewisville,
4680
TX 75056
4 FINANCIAL ANALYSIS I REALM GATEWAY II - LEWISVILLE, TX PRICING & FINANCIAL ANALYSIS PROJECTED INCOME & EXPENSES CURRENT PSF Base Rent - Occupied Space 100% $246,050 $35.75 GROSS POTENTIAL RENT $246,050 $35.75 Expense Reimbursements Real Estate Taxes $44,956 $6.53 Insurance $7,709 $1.12 CAM $41,849 $6.08 Management Fee 3.00% $10,530 $1.53 Total Expense Reimbursements $105,044 $15.26 GROSS POTENTIAL INCOME $351,094 $51.01 EFFECTIVE GROSS REVENUE $351,094 $51.01 Operating Expenses Real Estate Taxes ($44,956) ($6.53) Insurance ($7,709) ($1.12) CAM ($41,849) ($6.08) Management Fee 3.00% ($10,530) ($1.53) Total Recoverable Expenses ($105,044) ($15.26) Net Operating Income $246,050 $35.75 EXPENSES CURRENT PSF Real Estate Taxes $44,956 $6.53 Insurance $7,709 $1.12 Total CAM $41,849 $6.08 Management Fee 3.00% $10,530 $1.53 Total Expenses $105,044 $15.26 For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com
5 FINANCIAL ANALYSIS I REALM GATEWAY II - LEWISVILLE, TX RENT ROLL *Analysis Start Date is 08/01/2024 and Takes Into Consideration a 1 Year Hold From This Date. Suite Tenant SQ FT % of SQFT Start End Annual Rent PSF Escalation Date Escalation Amount Escalation PSF Options Option Amount Lease Type 100 Body20 1500 21.79% 9/1/2023 7/31/2033 $52,500 $35.00 8/1/2028 $58,500 $39.00 2 x 5 $64,350 $70,785 NNN 150 Lash Lounge 1326 19.26% 3/1/2024 3/31/2034 $45,084 $34.00 4/1/2026 4/1/2027 4/1/2028 4/1/2029 4/1/2030 4/1/2031 4/1/2032 4/1/2033 $46,211 $47,365 $48,545 $49,765 $51,011 $52,284 $53,597 $54,936 $34.85 $35.72 $36.61 $37.53 $38.47 $39.43 $40.42 $41.43 2 x 5 3% Annual Increases NNN 10% Cumulative CAM cap 200 Iconic Dental 1800 26.15% 9/20/2022 9/30/2032 $61,200 $34.00 10/1/2024 10/1/2025 10/1/2026 10/1/2027 10/1/2028 10/1/2029 10/1/2030 10/1/2031 $63,000 $63,900 $64,800 $66,600 $68,400 $70,200 $72,000 $73,800 $35.00 $35.50 $36.00 $37.00 $38.00 $39.00 $40.00 $41.00 2 x 5 Market Rate NNN 10% Cumulative CAM cap 300 206 Luster Grill 2257 32.79% 12/8/2022 3/31/2028 $85,766 $38.00 4/1/2026 $90,280 $40.00 2 x 5 3% Annual Increases NNN Occupied 6,883 100.00% $244,550 $35.53 $246,050* $35.75 Vacant 0Total 6,883 100.00%

DBA Body20

Corporate/Franchise Franchise

Locations

200+ Nationwide

Public/Private Private

Line of Business

Burn calories, reduce cellulite, tone up and build lean muscle with BODY20, a boutique fitness studio that utilizes an FDA-Cleared electro-muscle stimulation suit. In just a 20-minute training session, your personal trainer will put you through a customized 1-on-1 program, giving your body over 150 times more muscle contractions than a conventional workout without any need to pick up a weight or use traditional gym equipment. Our mission is to change the way that people workout by helping EVERY.BODY.UNLEASH their super human potential to strengthen their body and their life through time condensed technology training.

DBA Lash Lounge

Corporate/Franchise Franchise

Locations

100+ Nationwide

Public/Private Private

Line of Business

At The Lash Lounge, we consider ourselves the best of the best—from our training and application to our products and process. Each lash is applied with careful attention to detail, hand-placing each lash to bring your custom design to life. Whether you choose our classic eyelash extensions that add one extension per natural lash hair, our volume that add an ultra-light fan of 2–6 of lash extensions per natural lash, hybrid (a combo of classic and volume) or our mega volume extensions that serve up 7–20 of our lightest lashes per natural lash, our stylists are trained to deliver just the design you’re looking for, all personalized for you!

6 PROPERTY DESCRIPTION REALM GATEWAY II - LEWISVILLE, TX TENANT INFORMATION

DBA Iconic Dental

Corporate/Franchise Corporate

Locations 1

Public/Private Private

Line of Business

Iconic Dental is your trusted local dental office, committed to providing exceptional oral healthcare in a warm and welcoming environment. With years of experience, our team of highly skilled and compassionate professionals is dedicated to creating healthy, beautiful smiles. We understand that visiting the dentist can sometimes be daunting, which is why we prioritize patient comfort and strive to make every visit as comfortable as possible. Iconic Dental offers routine exams, dental fillings, teeth whitening and other dental services. Come experience the Iconic difference and let us transform your smile into something truly extraordinary.

DBA 206 Luster Grill

Corporate/Franchise Corporate

Locations 1

Public/Private Private

Line of Business

By the proprietors of Miako Teriyaki, 206 Luster Grill was founded by Julia Kwon to bring customers a new culinary experience in DFW. Julia started her teriyaki business in 2002 in Seattle, WA. After multiple, successful locations, she decided to bring her culinary skills to DFW in 2016 and founded Miako Teriyaki. Now with 206 Luster Grill, Julia can continue to share her passion in cooking with all those around her. There is nothing she enjoys more than bringing happiness through her food. So, what makes 206 Luster Grill special? Like I said, it’s the sauce…

7 PROPERTY DESCRIPTION REALM GATEWAY II - LEWISVILLE, TX TENANT INFORMATION

• 2022 Class “A” 6,883 SF Retail Strip

• 4 Tenants on Long Term NNN Leases

• 100% Occupied with Rental Escalations in Primary Term

• Complementary & Synergistic Tenant Mix

• Situated on the SWC of Josey Ln & Windhaven Pkwy – an Intersection Visible to Over 29,000 Vehicles per Day

• Located in The Realm at Castle Hills – a 324-Acre Master-Planned Community with High End Retail, Offices & Apartments (Click Here for More Info)

• Rapidly Growing Area | Over 223% Population Growth in a 1 Mile Radius Since 2010

• Outstanding Demographics | Average Household

Income Over $147,000 in a 1 Mile Radius – Double the National Average

• Adjacent to Grandscape – A $1.5 Billion Mixed-Use Project with High End Hotels, Offices, Apartments & Retail Including a 560,000 SF Nebraska Furniture Mart (Click Here for More Info)

• Surrounding National Retailers Include Walmart Supercenter, Target, Kroger, ALDI, Topgolf, PetSmart, Dollar Tree, 24 Hour Fitness, Chick-fil-A, McDonald’s, Starbucks & Many More

8 PROPERTY DESCRIPTION REALM GATEWAY II - LEWISVILLE, TX INVESTMENT HIGHLIGHTS

(Not

9 PROPERTY DESCRIPTION REALM GATEWAY II - LEWISVILLE, TX SITE PLAN Realm Gateway I Realm Gateway III
a Part) WINDHAVEN PKWY 12,294VPD
10 MARKET OVERVIEW REALM GATEWAY II - LEWISVILLE, TX AERIAL MAP 125,254 VPD SAM RAYBURN TOLLWAY WINDHAVEN PKWY 12,294 VPD N JOSEY LN 29,936VPD THE COLONY 5 STAR COMPLEX THE COLONY HIGH SCHOOL
11 MARKET OVERVIEW REALM GATEWAY II - LEWISVILLE, TX AERIAL MAP WINDHAVEN PKWY 12,294VPD N JOSEY LN 29,936 VPD THE COLONY 5 STAR COMPLEX THE COLONY HIGH SCHOOL 125,254VPD SAMRAYBURNTOLLWAY GRANDSCAPE
12 MARKET OVERVIEW REALM GATEWAY II - LEWISVILLE, TX LOCAL MAP
13 MARKET OVERVIEW REALM GATEWAY II - LEWISVILLE, TX REGIONAL MAP

Dallas - Fort Worth, TX

OVERVIEW QUICK STATS

Dallas encompasses half of the Dallas-Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States. Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas-Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States.

The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates. From 2010 to 2019, the DFW Metroplex had the largest numerical population growth of any MSA in the United States.

The metropolitan economy is the fourth-largest and third-fastest growing in the United States, with a 2017 real GDP of $535.5 billion. In 2018, Dallas had both the highest job growth rate and the most jobs added in the nation, and is the fourth-largest employment center in the nation (behind New York

City, Los Angeles, and Chicago) with more than three million non-farm jobs. In the latest rankings released in 2018, Dallas was rated as a “beta plus” world city by the Globalization and World Cities Study Group & Network. Dallas is also ranked 14th in world rankings of GDP by the Organization for Economic Cooperation and Development. The DFW Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. As of 2020, the city of Dallas has 10 Fortune 500 companies, and the DFW region as a whole has 25.

Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations. Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.

No. 1

Fastest Growing MSA in the U.S. from 2010 to 2019 (U.S. Census Bureau)

4th

5th

25 10K

Largest Metropolitan Area in the United States

Fastest Growing Economy in the U.S. (Forbes)

Fortune 500 Companies Call DFW Home (American City Business Journals)

Home to over 10,000 corporate headquarters, making it the largest concentration in the U.S.

14 MARKET OVERVIEW REALM GATEWAY II - LEWISVILLE, TX MARKET SUMMARY
15 MARKET OVERVIEW REALM GATEWAY II - LEWISVILLE, TX DEMOGRAPHIC STATISTICS Demographic data © CoStar 2023 1 Mile 3 Mile 5 Mile Population 2010 Population 2,571 68,190 184,162 2023 Population 8,122 110,637 308,588 2028 Population Projection 9,214 121,300 339,333 Annual Growth 2010-2023 16.60% 4.80% 5.20% Annual Growth 2023-2028 2.70% 1.90% 2.00% Median Age 37.7 39.2 38.8 Bachelor's Degree or Higher 53% 49% 48% U.S. Armed Forces 0 0 62 Population by Race White 4,863 72,693 194,299 Black 779 11,350 43,354 American Indian/Alaskan Native 61 717 2,067 Asian 2,158 22,580 59,159 Hawaiian & Pacific Islander 4 119 279 Two or More Races 256 3,178 9,431 Hispanic Origin 1,507 17,618 57,939 Housing Median Home Value $421,052 $347,150 $357,539 Median Year Built 2011 2006 2004 1 Mile 3 Mile 5 Mile Households: 2010 Households 931 25,234 72,742 2023 Households 3,187 42,137 120,024 2028 Household Projection 3,627 46,335 131,961 Annual Growth 2010-2023 18.70% 5.20% 5.00% Annual Growth 2023-2028 2.80% 2.00% 2.00% Owner Occupied 1,954 28,887 71,471 Renter Occupied 1,673 17,448 60,490 Avg Household Size 2.5 2.5 2.5 Avg Household Vehicles 2 2 2 Total Consumer Spending $125.9M $1.6B $4.3B Income Avg Household Income $147,551 $130,825 $122,580 Median Household Income $118,090 $102,254 $93,150 < $25,000 167 2,673 9,020 $25,000 - 50,000 432 4,962 17,920 $50,000 - 75,000 351 6,595 21,000 $75,000 - 100,000 356 6,370 16,627 $100,000 - 125,000 398 5,196 13,117 $125,000 - 150,000 257 3,645 9,796 $150,000 - 200,000 456 5,243 13,246 $200,000+ 771 7,453 19,297

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.

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. 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
469.844.8880 STRIVERE.COM exclusively listed

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