Woodson's Reserve Market I - Spring, TX

Page 1

WOODSON’S RESERVE MARKET I

SPRING, TX (HOUSTON MSA)

Woodson’s Reserve Market I

2 FINANCIAL ANALYSIS WOODSON’S RESERVE MARKET I PRICING & FINANCIAL ANALYSIS OFFERING SUMMARY Price $5,260,000 Cap Rate 6.00% Net Operating Income $315,347 Occupancy 100% Year Built 2022 Gross Leasable Area 10,000 SF Lot Size 1.16 Acres
Woodson’s Reserve Pkwy Spring, TX 77386 WOODSON’S RESERVE MARKET II CLICK LINK BELOW TO ACCESS OM FOR WOODSON’S RESERVE MARKET II
3917
3 FINANCIAL ANALYSIS WOODSON’S RESERVE MARKET I PRICING & FINANCIAL ANALYSIS PROJECTED INCOME & EXPENSES CURRENT PSF Base Rent - Occupied Space 100% $315,347 $31.53 GROSS POTENTIAL RENT $315,347 $31.53 Expense Reimbursements Real Estate Taxes $49,695 $4.97 Insurance $7,788 $0.78 CAM $27,984 $2.80 Management Fee $12,400 $1.24 Total Expense Reimbursements $97,867 $9.79 GROSS POTENTIAL INCOME $413,214 $41.32 EFFECTIVE GROSS REVENUE $413,214 $41.32 Operating Expenses Real Estate Taxes ($49,695) ($4.97) Insurance ($7,788) ($0.78) CAM ($27,984) ($2.80) Management Fee 3.00% ($12,400) ($1.24) Total Recoverable Expenses ($97,867) ($9.79) Net Operating Income $315,347 $31.53 EXPENSES CURRENT PSF Real Estate Taxes $49,695 $4.97 Insurance $7,788 $0.78 Total CAM $27,984 $2.80 Management Fee 3.00% $12,400 $1.24 Total Expenses $97,867 $9.79 For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com

Start Date is

4 FINANCIAL ANALYSIS WOODSON’S RESERVE MARKET I RENT ROLL Suite Tenant SQ FT % of SQFT Start End Annual Rent PSF Escalation Date Escalation Amount Options Lease Type A Summer Moon Coffee 2000 20.00% 1/1/2023 12/31/2032 $68,000 $34.00 1/1/2025 $36.04 1 x 5 NNN B Premier Martial Arts 1600 16.00% 10/1/2022 10/31/2032 $48,800 $30.50 11/1/2023 $31.11 1 x 5 NNN C Sylvan Learning 1500 15.00% 10/1/2022 10/31/2027 $42,750 $28.50 11/1/2024 $29.93 1 x 5 NNN D Club Pilates 1760 17.60% 9/1/2022 9/30/2032 $53,856 $30.60 10/1/2024 $31.21 2 x 5 NNN E Stretch Lab 1400 14.00% 12/1/2022 12/31/2032 $42,000 $30.00 1/1/2024 $30.60 2 x 5 NNN F Results Physiotherapy 1740 17.40% 1/1/2023 12/31/2027 $57,420 $33.00 1/1/2024 $33.99 1 x 5 NNN Occupied 10,000 100.00% $312,826 $31.28 $315,347* Vacant 0Total 10,000 100.00%
*Analysis
9/01/2023 and Takes into Consideration a 1 Year Hold from Such Date
5 FINANCIAL ANALYSIS WOODSON’S RESERVE MARKET I LEASE PROVISIONS Tenant Suite SQ FT Base Rental Increases Renewal Options CAM Cap CAM Cap Description Date PSF Options Date PSF Summer Moon Coffee A 2,000 1/1/2025 1/1/2026 1/1/2027 1/1/2028 1/1/2029 1/1/2030 1/1/2031 1/1/2032 $36.04 $37.12 $38.23 $39.38 $40.56 $41.78 $43.03 $44.32 3 x 5 1/1/2033 1/1/2038 1/1/2043 MKT MKT MKT 7% Controllable OpEx, Cumulative, Compounding Basis Premier Martial Arts B 1,600 11/1/2023 11/1/2024 11/1/2025 11/1/2026 11/1/2027 11/1/2028 11/1/2029 11/1/2030 11/1/2031 $31.11 $31.73 $32.36 $33.01 $33.67 $34.34 $35.03 $35.73 $36.44 1 x 5 11/1/2032 MKT 8% Contollable OpEx, Cumulative, Compounding Basis Sylvan Learning C 1,500 11/1/2024 $29.93 1 x 5 11/1/2027 MKT 7% Controllable OpEx, Cumulative, Club Pilates D 1,760 9/1/2024 9/1/2025 9/1/2026 9/1/2027 9/1/2028 9/1/2029 9/1/2030 9/1/2032 $31.21 $31.84 $32.47 $33.12 $33.78 $34.46 $35.15 $35.85 2 x 5 9/1/2033 9/1/2038 MKT MKT 5% Controllable OpEx, Cumulative, Compounding Basis Stretch Lab E 1,400 1/1/2024 1/1/2025 1/1/2026 1/1/2027 1/1/2028 1/1/2029 1/1/2030 1/1/2031 1/1/2032 $30.60 $31.21 $31.84 $32.47 $33.12 $33.78 $34.46 $35.15 $35.85 2 x 5 1/1/2033 1/1/2038 MKT MKT 5% Controllable OpEx, Cumulative, Compounding Basis Results Physiotherapy F 1,740 1/1/2024 1/1/2025 1/1/2026 1/1/2027 $33.99 $35.01 $36.06 $37.14 1 x 5 1/1/2028 $5,547.13 $5,713.54 $5,884.95 $6,061.49 $6,243.34 7% Controllable OpEx, Cumulative, Compounding Basis

DBA Summer Moon Coffee

Locations

50+ Locations

Public/Private Private

Line of Business

Founded by closely-knit family and friends in Texas Hill Country, we’ve always had one goal in mind: to create a distinctive, out-of-this-world, experience that people drive across town for. An experience to be shared through coffee + atmospheres that inspire the warmth of cozy evenings under a summer moon. There’s a natural affinity between a wood fire and coffee beans. Our wood-fired coffee roasting process results in a smooth, balanced coffee. Every batch of Summer Moon coffee is roasted in our handmade brick roasters over seasoned Texas oak.

DBA Sylvan Learning

Locations

750+ Locations

Public/Private Private

Line of Business

We developed our proprietary Sylvan Method™ through academic research, years of teaching experience and technology. Whether your child has fallen behind or is way ahead of the class, Sylvan has a program to challenge your student, build confidence, boost study skills and help deliver better grades. The results speak for themselves. Based on independent research, our students see up to two to three times more academic growth than other students. We’re so confident that our Personalized Tutoring programs work that we guarantee your child’s progress!

DBA Club Pilates

Locations

800+ Locations

Public/Private Private

Line of Business

orn in San Diego in 2007, Club Pilates has expanded around the globe, bringing Pilates to hundreds of thousands of people. We serve up over eight million workouts each year to our dedicated members. We believe that Pilates is the path to a fuller, more satisfying physical existence. We believe that being in control of your body helps you to be in control of your life. And best of all, we believe that you can start anytime.

6 PROPERTY DESCRIPTION WOODSON’S RESERVE MARKET I TENANT INFORMATION

DBA

Locations

StretchLab

300+ Locations

Public/Private Private

Line of Business

We have many convenient locations to choose from and can’t wait to welcome you to the studio! Our clients come to StretchLab for increased mobility, decreases in pain and better range of motion to help them in all of their daily activities. We help golfers hit the ball farther, runners increase their stride, and busy executives looking for some stress and tension relief! All ages, fitness levels and body types are welcome at StretchLab. Book your discounted intro stretch today and start moving better tomorrow!

DBA Results Physiotherapy

Locations

100+ Locations

Public/Private Private

Line of Business Results Physiotherapy was founded in Nashville in 1996 by Australian Gary Cunningham and a small number of partners, including 3-time gold medal-winning swimmer Tracy Caulkins. The first clinics were named after Caulkins, a true superstar in the Nashville area. Gary had a vision — to provide world-class, manual-based physical therapy in the U.S. This new approach represented a ground-breaking advance over the typical exercise-and-a-hot pack treatment that we still see today, even as studies confirm the Results hands-on approach yields faster pain relief and more lasting recovery.

DBA

Locations

Premier Martial Arts

200+ Locations

Public/Private Private

Line of Business

Premier Martial Arts is much more than kicking and punching. We help our students become a better version of themselves. While practicing Martial Arts, we find discipline, grow leadership skills, build character and learn to focus. In today’s picture-perfect social media world, people of all ages are feeling inadequate and discouraged. At Premier Martial Arts, we help students find confidence, strength, and focus to live their best life and understand their true worth.

7 PROPERTY DESCRIPTION WOODSON’S RESERVE MARKET I TENANT INFORMATION

• Two 10,000 SF Retail Centers - For Sale Together or Separately

• 2022 Class “A” Construction with Drive-Thru End Cap

• 100% Occupied by E-Commerce Resistant Tenants with over 8 Years of Average Lease Term

• At Least 2% Annual Rent Escalations in 75% of the GLA

• Woodson’s Reserve is a Toll Brothers, Inc (NYRE:TOL) master-planned community currently featuring 1,090 homes on 692-acres. A phase II expansion has begun delivering an additional 1,750 homes in a new 940-acre section. New home prices are starting in the mid-$600’s.

• Just 6 Miles from Exxon Mobil’s 385-Acre Campus (10,000+ Employees)

• Adjacent to Grand Oaks High School (3,308 students)

• $158,000 Average Household Income in a 1-Mile Radius

• Annual Population Growth of 14.4% in a 1-Mile Radius since 2010

• Surrounding National Retailers Include: H-E-B, Walmart Supercenter, Kroger Marketplace, Chick-fil-A, Starbucks, McDonalds, LA Fitness, PetSmart, Regal Cinemas, CVS, Walgreens, & Many More

8 PROPERTY DESCRIPTION WOODSON’S RESERVE MARKET I INVESTMENT HIGHLIGHTS
9 PROPERTY DESCRIPTION WOODSON’S RESERVE MARKET I SITE PLAN Summer Moon Coffee Premier Martial Arts Sylvan Learning Club Pilates Stretch Lab Results PT Grove Whiskey & Wine Brightside Braces Woof Gang Bakery Woodson Dental Blo Blow Dry Bar

GRANDPKWY(99)

43,226VPD

10 MARKET OVERVIEW WOODSON’S RESERVE MARKET I AERIAL MAP
GRAND OAKS HIGH SCHOOL
3,308 STUDENTS
SNYDER ELEMENTARY SCHOOL YORK JUNIOR HIGH SCHOOL CLARK INTERMEDIATE SCHOOL

GRANDPKWY(99)

GRANDMARKETPLACEIMPERIAL

11 MARKET OVERVIEW WOODSON’S RESERVE MARKET I AERIAL MAP
HIGHLANDS 300 OCCUPIED 5,692 PLANNED CREEKSIDE VILLAGE 650 HOMES HARMONY 2,600 HOMES SPRING TRAILS 1,740+ HOMES BENDER’S LANDING ESTATES 4,000 HOMES SITE WOODSON’S RESERVE PI 1,090 HOMES FALLS AT IMPERIAL OAKS 4,000 HOMES WRIGHTS LANDING/ BRISTOL LAKES 500 HOMES SPRINGRIDGE 375 HOMES RYKO HOMES 7,000 PROPOSED HOMES WOODSON’S RESERVE PII 1,750 PLANNED HOMES TOWNSEN BLVD
STREET)
MARKETPLACE
(PROPOSED
BIRNHAMWOODS
43,226VPD
12 MARKET OVERVIEW WOODSON’S RESERVE MARKET I LOCAL MAP
13 MARKET OVERVIEW WOODSON’S RESERVE MARKET I REGIONAL MAP

Houston, TX

OVERVIEW QUICK STATS

Houston is the most populous city in Texas and the fourth-most populous city in the U.S., with an estimated 2020 population of 2,304,580. The seat of Harris County, Houston is the principal city of the Greater Houston metropolitan area, which is the fifth most populous MSA in the country (2021 population estimate of 7,206,841). Houston has one of the fastestgrowing and most diverse populations anywhere in the world. From 2010 to 2018, Houston added 1.1 million new residents, an 18.2 percent increase, the fastest rate of population growth among the 10 most populous U.S. Metros.

The Houston region is made up of 12 unique counties, and the region’s geographic location makes it easy to move both goods and people around the globe. Houston's strategic, central location coupled with the infrastructure of four of the country's largest ports, two international airports and major highway and rail service make this a dynamic hub for a large cross-section of industries. As these industries digitize, Houston is a hotbed of rapid technological development thanks to access to customers and expertise.

Houston’s economy has a broad industrial base in energy, manufacturing, aeronautics, and

transportation. Only New York City is home to more Fortune 500 companies. The city is also home of the Texas Medical Center, the world's largest concentration of health care and research institutions, and NASA's Johnson Space Center. The Port of Houston ranks first in the U.S. in international waterborne tonnage handled and second in total cargo tonnage handled. Houston is ranked third in the entire world in the Financial Times Cities of the Future global rankings. Houston secures the third spot for being “a reputable talent hub,” boasting five of the world’s Top 500 universities and placing second in the world in business expansion with 53 new projects between 2015 and 2020. Houston has many cultural institutions and exhibits which attract more than 7 million visitors a year to the Houston Museum District. The U.S. Bureau of Economic Analysis (BEA) estimates Houston’s gross domestic product (GDP) at $512.2 billion in 2019, ranking it as the nation’s seventh largest metro economy. The Houston region has a GDP greater than 37 states and accounts for 27.8 percent of Texas’ GDP.

Once predominantly oil and gas focused, today Houston is a diverse, vibrant metro with a dynamic quality of life and a variety of growing industries.

1 st Most-Populous City in the State of Texas

3rd Best Global Cities of the Future (Financial Times, 2020)

4th Most-Populous City in the United States

7th Largest Metro Economy in the United States

24 Fortune 500 Companies Call Houston Home (Fortune)

14 MARKET OVERVIEW WOODSON’S RESERVE MARKET I MARKET SUMMARY
15 MARKET OVERVIEW WOODSON’S RESERVE MARKET I DEMOGRAPHIC STATISTICS Demographic data © CoStar 2022 1 Mile 3 Mile 5 Mile Population 2010 Population 2,301 28,264 80,029 2022 Population 6,276 53,252 116,970 2027 Population Projection 7,097 59,090 125,674 Annual Growth 2010-2022 14.40% 7.40% 3.80% Annual Growth 2022-2027 2.60% 2.20% 1.50% Median Age 33.9 35.2 35.3 Bachelor's Degree or Higher 47% 46% 37% U.S. Armed Forces 2 35 294 Population by Race White 4,821 42,101 90,514 Black 903 6,409 16,697 American Indian/Alaskan Native 55 397 1,007 Asian 286 2,723 5,380 Hawaiian & Pacific Islander 32 156 336 Two or More Races 178 1,466 3,038 Hispanic Origin 1,703 13,514 34,205 Housing Median Home Value $263,495 $260,372 $234,231 Median Year Built 2010 2010 2005 1 Mile 3 Mile 5 Mile Households: 2010 Households 736 9,207 26,761 2022 Households 1,994 17,345 39,011 2027 Household Projection 2,254 19,235 41,885 Annual Growth 2010-2022 14.90% 7.90% 4.10% Annual Growth 2022-2027 2.60% 2.20% 1.50% Owner Occupied 2,059 17,554 34,557 Renter Occupied 195 1,682 7,328 Avg Household Size 3.2 3.1 3 Avg Household Vehicles 2 2 2 Total Consumer Spending $94.3M $769.2M $1.6B Income Avg Household Income $157,959 $148,800 $128,436 Median Household Income $140,636 $126,198 $105,628 < $25,000 43 913 2,751 $25,000 - 50,000 71 899 4,456 $50,000 - 75,000 156 1,672 5,527 $75,000 - 100,000 334 2,558 5,733 $100,000 - 125,000 221 2,527 4,613 $125,000 - 150,000 275 2,159 3,958 $150,000 - 200,000 491 3,160 6,081 $200,000+ 403 3,457 5,892

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.

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

• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.

ESTABLISH:

• 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.

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

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.