Brandi M. Ho

Transcription

1 Verizon Single Tenant Leased Investment 694 Alta Mere Dr, Fort Worth, TX $1,195,000 Actual location 6.73% CAP Rate $80,500 NOI Listing Brokers: Blake Federinko Brandi M. Ho Michael A. Jenkins While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other Professional advisor.

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3 THIS OFFERING PRESENTS the opportunity to acquire a Single Tenant leased investment located in Fort Worth, TX. The property is leased to Verizon Wireless. It is ideally located at the intersection of Alta Mere Drive and Green Oaks Road, which has over 26,000 VPD. Some of the surrounding retailers include Aldi, Target, Big Lots, Joann Fabrics, PetSmart, Anytime Fitness, Sams Club and much more.

4 INVESTMENT OVERVIEW Price $1,195,000 CAP 6.73% Building Size 3,500 SqFt Lot Size.44 +/- AC Year Built 2006 Lease Type NNN Guarantor MM Co., Ltd. dba Verizon Wireless Page 4

5 INVESTMENT OVERVIEW Income Tax Free State 5-Year NNN Leased Verizon Wireless Located on a Lowes Home Improvement Pad In close proximity to Naval Air Station and Lockheed Martin. 3-Mile Population over 82,000 Surrounding Businesses include Aldi, Target, Big Lots, Joann Fabrics, Pet Smart, Anytime Fitness, Sams Club, and more.

6 FINANCIAL SUMMARY Scheduled Income $80, PSF AT 3,500 SQFT $23.00 Gross Income LESS OPERATING EXPENSES CAMS PROPERTY TAXES INSURANCE TOTAL EXPENSES $80, TENANT TENANT TENANT $0.00 Net Operating Income $80, Sale Price $1,195, CAP Rate 6.73% Page 6

7 RENT ROLL Term Date Monthly Rent Annual Rent PSF VERIZON 3,500 SQFT 4/1/2017 THRU 3/31/2020 4/1/2020 THRU 3/31/2022 OPTIONS $6, $7, $80, $84, THREE 5-YEAR OPTIONS AT MARKET RATE $23.00 $24.00

8 LEASE SUMMARY TENANT: Verizon Wireless GUARANTOR: MM Co., Ltd. dba Verizon Wireless SQFT OCCUPIED: 3,500 TERM: 5-Year Primary Term EXTENDED TERMS: Three, 5-Year Options LEASE TYPE: NNN Verizon Wireless is an American telecommunications company which offeres wireless products and services. With 146 million subscribers as of April 2017, Verizon Wireless is the Largest Wireless telecommunications provider in the United States. Verizon oporates a national 4G LTE network covering about 98% of the US Population. Tenant Name: Verizon Wireless Tenant Type: Franchise Website: # of Locations: 8 Year Established: January 22, 2015 Guarantor: MM Co., Ltd. Page 8

9 PROPERTY PHOTOS

10 AERIAL Subject Property Ridgemar Town Square Naval Air Station Joint Reserve Base Ridgemar Mall Additional Retailers Aldi Target Big Lots Best Buy Office Max Albertsons Page 10 Lowe s Petco Dollar Tree Burlington PetSmart AT&T Party City Krispy Kreme Sams Club Sonic LA Fitness Cinemark Ridgemar 13

11 SITE PLAN Legend Parcel Outline: Subject Property: Trash/Recycle: Signage: Flow of traffic: Ingress/Egress: N Alta Mere Drive - 26,000 Vehicles Daily

12 DEMOGRAPHICS Average Income Estimated 2017 Projected 2022 Census 2010 Census 2000 Population Estimated 2017 Projected 2022 Census 2010 Census 2000 Page 12 1mi. 3mi. 5mi. $83,218 $100,348 $60,899 $60,237 $69,022 $83,271 $58,057 $48,001 $78,212 $95,380 $64,987 $53,521 1mi. 5,362 5,836 4,698 3,924 3mi. 82,287 90,787 74,573 73,275 5mi. 200, , , ,665

13 FORT WORTH, TX Fort Worth is a city in North Central Texas. In the late 19th century, it became an important trading post for cowboys at the end of the Chisholm Trail. Today, it s a modern city, with international art institutions like the Kimbell Art Museum. The Fort Worth Stockyards are home to rodeos, and the National Cowgirl Museum and Hall of Fame honors pioneers. Some of the major companies based in Fort Worth include American Airlines Group, D. R. Horton, the John Peter Smith Hospital, Pier 1 Imports, RadioShack, and the BNSF Railway. In 2013, Fort Worth-Arlington ranked 15th on Forbes list of the Best Places for Business and Careers. AGE Median Age 41.2 Years Old Gender Male 48.9% Female 51.1%

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