FOR SALE. Tom Grant. Unique 7 Unit Multi-Tenant Retail Center. leeorange.net/1250pioneer

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Esmond Wood
5 years ago
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1 FOR SALE 1250 E. Pioneer Parkway Arlington, TX Exclusive Advisor: Tom Grant bre # leeorange.net/1250pioneer

Income 80 Surface Parking Spaces Ideal Diverse Tenant Mix Adjacent to Shadow Anchor Fiesta Grocery Store Building

2 BUILDING FEATURES Historically 100% Occupancy 17,886 SF Multi-Tenant Retail Center Fully Stabilized Investment with Long Term Upside and Rent Growth Units from 1,020 SF up to 6,000 SF Opportunity to Increase Net Operating Income 80 Surface Parking Spaces Ideal Diverse Tenant Mix Adjacent to Shadow Anchor Fiesta Grocery Store Building in Good Condition, No Visible Differed Maintenance Major Street Frontage Easy Accessibility to Major Freeways Built 2004

3 PROPERTY AERIAL

4 LOCATION MAP

5 SITE PLAN

6 RETAILER ATTRACTIONS MAP

7 RENT ROLL 7 Units Totaling 17,996 Rentable Square Feet Suite Tenant Lease Type Square Feet Lease Start Lease End Monthly Rate Monthly NNN Monthly Total Option (Date/Rent) Increase (Date/Rent) 100 Zarisul, LLC Gross 6,000 8/1/09 2/28/20 $4, $0.00 $4, /1/20-2/28/25 - Fair Mkt 3/1/25-2/28/30 - Fair Mkt 100 Zarisul, LLC* 2/28/20* $6,350.00* $3,289.20* $9,679.04* Expiration 2/28/20* 200 Bear Creek Dental 300 GS Mobile/ Cricket Wireless 400 Caesars of DFW, LLC NNN 3,000 7/23/04 7/31/19 $5, $1, $6, /1/16-7/31/19 - $5,000 8/1/19-5/31/21 - Fair Mkt 7/31/21-5/31/24 - Fair Mkt not less than 10% inc of 60th mo NNN 1,020 9/1/10 5/31/18 $1, $ $2, /1/18-5/31/21 -$1,785 6/1/21-5/31/24 - $1, year optons to renvew NNN 1,020 1/1/11 10/31/21 $2, $ $2, /1/18-10/31/20 - $2,100 11/1/20-10/31/21 - $2,150 11/1/21-10/31/26 - Fair Mkt 1-60 mo options to renew Fair Market Rent. Tenant to provide notice 150 days prior to lease exp (10/31/16) 500 Famsa NNN 1,020 12/10/15 12/9/18 $1, $ $2, Davita Dialysis NNN 5,936 9/13/05 9/30/20 $11, $3, $14, /1/20-9/30/25 - $12, /1/25-9/30/30 - $13, /1/15-9/30/17 - $11, /1/17-9/30/20 - $11, Kiosk Watermill Express, LLC NNN 0 8/1/19 7/31/19 $ $ /1/19-7/31/24 - $900 8/1/24-7/31/29 - $1,000 8/1/29-7/31/34 - $1,100 8/1/34-7/31/39 - $1,200 Totals 17,996 $33, $9, *100 - Total rent for remaining term of lease paid to buyer in lump sum at close of escrow.

Un i qu e 7 U ni t Mult i -Tena nt Ret a i l Cent er INVESTMENT PROFORMA Income Rental Income $401,760.00 Vacany Allowance ($24,105.60) Tenant Reimbursement $118,378.

8 Un i qu e 7 U ni t Mult i -Tena nt Ret a i l Cent er INVESTMENT PROFORMA Income Rental Income $401, Vacany Allowance ($24,105.60) Tenant Reimbursement $118, Annual Income ASKING PRICE $496, CAM Expenses Utilities $9, Maintenance (Recoverable) $23, Taxes $60, Insurance $8, Management $16, Total $118, Non CAM Expenses Administrative $4, Leasing Commission $5, Tenant Improvement/Reserves $3, Total $13, Total $363, Net Operating Income (NOI) $4,600,000 (7.91 CAP)

9 INVESTMENT PROFORMA Asking Price $4,600,000 End of Year 1 End of Year 2 End of Year 3 End of Year 4 End of Year 5 Income Rental Income $401, $413, $426, $439, $452, Vacany Allowance ($24,105.60) ($24,828.77) ($25,573.63) ($26,340.84) ($27,131.07) Tenant Expense Reimbursement $118, $118, $118, $118, $118, Total $496, $507, $519, $531, $543, CAM Expenses Taxes $60, $60, $60, $60, $60, Insurance $8, $8, $8, $8, $8, Utilities $ $ $ $ $ Maintenance (Recoverable) $23, $23, $23, $23, $23, Management $16, $16, $16, $16, $16, Total $118, $118, $118, $118, $118, Non CAM Expenses Adminstrative $4, $4, $4, $4, $4, Leasing Commission $5, $5, $5, $5, $5, Tenant Improvement/Reserves $3, $3, $3, $3, $3, Total $13, $13, $13, $13, $13, Net Operating Income (NOI) Total $363, $375, $386, $398, $411, Rate of Return 7.91% 8.15% 8.41% 8.67% 8.94% Disclaimer: This income proforma assumes a 3% Gross Income growth rate. CAM expense growth rate not accounted for since there are tenant reimbursement expenses.

Exclusive Advisor: Tom Grant 714.564.7139 tgrant@lee-associates.

10 Exclusive Advisor: Tom Grant bre # W. Taft Avenue, Suite 150 Orange, CA LeeOrange.com

FOR SALE MAHN PLAZA. John Son. my.leeorange.net/11512magnolia bre #

FOR SALE MAHN PLAZA. John Son. my.leeorange.net/11512magnolia bre # FOR SALE 11512 Magnolia Street Garden Grove, CA Exclusive Advisor: John Son 714.564.7183 json@lee-associates.com bre #01069091 my.leeorange.net/11512magnolia TABLE OF CONTENTS FINANCIAL INFORMATION Financial