Giuseppe Italian Restaurant

Transcription

1 Giuseppe Italian Restaurant 3003 N. State Hwy 123 Sale/Leaseback/Restaurant Real Estate Only R E O C Senior 8023 Vantage Dr, Suite 1200 San Antonio TX reocsanantonio.com

2 Table of Contents SECTION 1 SECTION 2 SECTION 3 SECTION 4 SECTION 5 SECTION 6 SECTION 7 SECTION 8 Property/Business Summary Location Map and Aerials Survey Photos Seguin Overview Articles Demographics TREC Agency Disclosure Senior 2015 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of Texas operating under REOC General Partner, LLC. The information contained herein is deemed accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject to availability, change in price or terms, prior sale or lease, or withdrawal from the market.

3 Property Summary Address 3003 N State Hwy 123, Seguin, Texas Comments Location IH 10 E and State Hwy 123 (exit 610) Property 5,415 SF Details.80 Acres Legal ABS: 6 SUR: H BRANCH AC. Description Zoning Commercial Year Built 1991 Utilities All Total Price $990,000 Real Estate - Building Only Excellent visibility Quick access to IH-10 and State Hwy 123 Situated near the intersection of IH-10 and State Hwy 123 at Exit 610 Easy ingress/egress to adjacent thoroughfares Restaurant features beautifully painted Frescos throughout Restaurant serves patrons not just from the community but travelers and oil field service industry Located within walking distance of several high occupancy hotels Abundant parking with 53 stalls Has excellent signage including a pylon sign with marquee Located near Eagle Ford Shale and several large employers Traffic Counts IH-10 E, east of SH 123; 27,000 vpd (2012) IH-10 E, west of SH 123; 35,000 vpd (2012) Source: TxDOT Statewide Planning Map Senior Actual Sale Price under any proposed purchase contract is a function of the relationship of numerous characteristics including credit worthiness of buyer and other factors deemed important by the Seller. This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior sale or withdrawal without notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied. REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information.

4 Location Map Senior

5 Aerial Map Senior

6 Site Aerial Senior

7 Survey Senior

8 Photos Senior

9 Photos Senior

10 Seguin Overview POPULATION According to latest estimates released by the US Census Bureau, the Alamo City s population grew by more than 24,000 people between July 2008 and July The current population is estimated to be 1,373,688 up 1.8% compared to a year ago. The City of San Antonio is ranked as the seventh largest city in the U.S. Senior LOCATION Seguin is thirty minutes east of San Antonio and forty five minutes south of Austin. Seguin has easy access to two international airports, two deep water ports and two interstate highways, I-10 running east-west and I-35 running north-south. Since its completion in the Spring of 2012, Seguin benefits from the completion of SH providing fast, direct access from north of Austin to Seguin. SH 130 offers motorists an alternative to the congested I-35. Due to its location, Seguin is a premier community for logistics and distribution. Products shipped from Seguin travel across the United States and the world. San Antonio - 34 miles to the west Austin - 50 miles to the north Corpus Christi miles to the south Houston miles to the east Dallas miles to the northeast INDUSTRY AND INFRASTRUCTURE Seguin is recognized for having the highest manufacturing jobs per capita in the state of Texas, with almost twice the national average manufacturing jobs. Seguin is home to Caterpillar, Cavco Industries, Alamo Industrial, Continental Automotive Systems, Tyson Foods, CMC Steel Texas, Minigrip, Star Manufacturing, Rave Gears and Hexcel Corp just to name a few. Seguin has existing infrastructure to allow for future growth. Through the Schertz-Seguin Local Government Cooperative, the City of Seguin has enough water supply to meet growing demand for generations to come. Seguin has extended its utilities over the last few years, bringing water, electric and sewer to areas ready for future development. Sources: The Retail Coach, LLC U.S. Census Bureau Claritas 2008, 2009 & EATING PLACES - OPPORTUNITY Seguin is leaking approximately $80,895,630 in Eating Places sales. Potential Sales $129,595,635 Est. Actual Sales $48,700,000 RETAIL TRADE AREA DEMOGRAPHICS Retail Trade Area Population 102,748 Average Household Income $54,316 Per Capita Income $19,321 Population by Race/Ethnicity White 75.07% Black or African American 4.73% Hispanic Origin 41.70% Median Age SEGUIN

11 Senior Articles Seguin declares itself open for business By Zeke MacCormack Reporter - San Antonio Express News December 28, 2014 Updated: January 1, :29pm Caterpillar Inc. on Monday started production at its engine-manufacturing plant in Seguin. The Perkins 2506 was the first engine off the line, a Caterpillar spokeswoman said. Workers test an engine in this photo, taken earlier this month. About 350 people work at the plant, built on 180 acres along Interstate 10 at Texas 46. It could employ up to 1,500 workers at full capacity, which expected in late 2012 or early SEGUIN Ambitious public and private development projects promise to change the face of this fast-growing factory town in Guadalupe County, but its blue-collar feel is unlikely to fade anytime soon. A new library, a larger high school, road upgrades and an expanded parks system are among the current public-sector improvements designed to complement recent private investment here and to draw more of it. In my opinion, it s Seguin s time, said Terry Trevino, the city s economic development director. She is largely credited with landing coveted business prospects that, beside expanding the tax base and adding jobs, are helping spur construction of homes and commercial outlets. Trevino, in turn, applauds the team approach to development taken by local government leaders in approving tax abatements, land grants and other incentives to promote growth. A second Walmart is planned, as well as 1,500 new homes in a city whose population rose more than 6 percent between 2000 and 2010, to 25,175. It is now nearing 27,000. Mayor Don Keil and Guadalupe County leaders are still ecstatic that Grupo Siro, a snack maker from Spain, announced plans in October to build a $58.5 million plant here that s slated to employ 200 when it opens in The Siro Group is going to be a wonderful, socially conscious employer, Keil said last week. They are very much into hiring single mothers, military people and for making accommodations in their facilities for people with disabilities. A big selling point for the city is its location on a major interstate, with easy access to railroads and an hour drive from airports in Austin and San Antonio. We are in such an absolute strategic sweet spot, in terms of transportation, Keil said. To close the deal with Grupo Siro, beating out other communities that included New Braunfels, local officials donated a 50-acre factory site and approved five years of city and county tax abatements worth a combined $1.3 million. The pot was sweetened with $800,000 from the Texas Enterprise Fund. It was the third time Seguin had secured such state aid for a local project since Trevino began working here nearly seven years ago. When I came here, a priority was getting everybody to collaborate and work together, Trevino said. We have a strong team here. Our city gets it. She logged her biggest recruiting success while still new on the job, landing a Caterpillar Inc. engine factory in late 2008 with the help of a $10 million state grant. Caterpillar chose Seguin over sites in South Carolina and Mexico. It now employs about 1,500 and contributes $284 million to the tax base. Tax abatements that run until 2020 mean the city and county bank little from the site, but the school district expects to get $1.44 million in taxes from it this year, officials say. A similar state grant, of $1.2 million, helped persuade Continental Automotive Systems in 2011 to expand its existing plant here, which generated 300 new jobs and $113 million in new investment. Local tax abatements were also approved by the city and county for that project, plus a $600,000 cash payment by the Seguin Economic Development Corp. The local group uses revenue generated by a one-eighth-cent per dollar sales tax, which yields $1.6 million annually, to fund infrastructure work and other expenditures that promote growth. Part of the EDC s job is to diversify our employment base, Robert Haynes, chairman of the SEDC board of directors, said last week. We are blue collar, but we re constantly evolving. Grupo Siro is going to bring in some very high-end research jobs. Community leaders also are striving for a better balance of factories, retail and housing to stop the outflow of local workers to New Braunfels and elsewhere to shop and live. We re heavy on jobs, but jobs are just the beginning, and we re making progress on housing and retail, Haynes said. Terry s done a great job in putting Seguin on the map, all over the world. Similar praise is heard for Trevino from Guadalupe County leaders. She s a perfect fit for us, attracting industrial development here, County Judge Larry Jones said. We re a blue-collar town, and we re proud of it. The completion in July of a new 1.6-mile stretch of westbound access road on Interstate 10 opened the door for development of adjoining land owned by NewQuest Properties. Besides 120 acres of commercial development, the company plans a mix of residential, office, light industrial manufacturing and distribution uses on 325 acres there. Most recently, Seguin officials announced this month that 1,500 new homes are planned for construction, including a master-planned community of more than 400 near the NewQuest site by Greenpoint Development. Mayor Keil said Greenpoint, with homes starting at $300,000, will help fill a void in the local housing market of high-quality homes in Seguin to keep the upper-management people here. We need those people here to be on our boards and commissions and to be involved in government, the mayor said. That s a big problem, and we re trying to solve that. The city is making strides on that issue and its other needs, Keil said. I think you ll see Seguin prospering and growing and doing well. We re open for business, he said. Click here to read article in San Antonio Express News website

12 Articles (cont.) New manufacturing facility in Seguin to create 200 jobs By Mike W. Thomas Reporter - San Antonio Business Journal October 28, :32pm Click here to read the article in the San Antonio Business Journal website Gov. Rick Perry announced the investment from the Texas Enterprise Fund to close the deal on a new facility for Siro Group USA David Paul Morris/Bloomberg The state of Texas is investing $800,000 to bring a food manufacturing facility to Seguin that is expected to create more than 200 new jobs. Gov. Rick Perry announced the investment from the Texas Enterprise Fund to close the deal on a new facility for Siro Group USA, a subsidiary of Grupo Siro, one of the largest food manufacturers in Spain. The company produces baby food, cookies, pastries, pasta, frozen desserts, bread and cereals, with more than half of its total output sold to retailers as private label products. Luis Ángel López, CEO of Siro Foods, said Seguin is a strategic location for the factory due to its environmental conditions and qualified workforce. In addition to the TEF grant, the company received support from the Guadalupe County Tax Abatement Committee, the Seguin City Council and the Seguin Economic Development Corp. The new facility will produce products for customers in Canada, Mexico and Central America and is expected to pump $58.5 million in capital investment into the local economy. Since it was established by the Legislature in 2003, the TEF has awarded more than $575 million and closed the deal on projects generating nearly 77,000 jobs and more than $24 billion in capital investment in the state. Mike W. Thomas covers technology/telecom, military, finance, regulatory issues as well as nonprofits/education. Senior

13 Demographics: 1-Mile Summary Census Population 1,829 2,199 2,490 Households Families Average Household Size Owner Occupied Housing Units Renter Occupied Housing Units Median Age Trends: Annual Rate Area State National Population 2.52% 1.52% 0.75% Households 2.51% 1.54% 0.77% Families 2.40% 1.49% 0.69% Owner HHs 2.42% 1.47% 0.70% Median Household Income 3.31% 2.84% 2.66% Households by Income Number Percent Number Percent <$15, % % $15,000 - $24, % % $25,000 - $34, % % $35,000 - $49, % % $50,000 - $74, % % $75,000 - $99, % % $100,000 - $149, % % $150,000 - $199, % 8 1.2% $200, % 2 0.3% Senior Median Household Income $45,014 $52,962 Average Household Income $54,276 $60,670 Per Capita Income $18,391 $20,726 Census Population by Age Number Percent Number Percent Number Percent % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 1, % 1, % 1, % Black Alone % % % American Indian Alone % % % Asian Alone % % % Pacific Islander Alone 0 0.0% 0 0.0% 0 0.0% Some Other Race Alone % % % Two or More Races % % % Hispanic Origin (Any Race) 1, % 1, % 1, % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and Esri

14 Demographics: 3-Mile Summary Census Population 19,970 20,646 21,820 Households 6,741 7,040 7,485 Families 4,687 4,869 5,158 Average Household Size Owner Occupied Housing Units 3,951 3,965 4,197 Renter Occupied Housing Units 2,790 3,075 3,288 Median Age Trends: Annual Rate Area State National Population 1.11% 1.52% 0.75% Households 1.23% 1.54% 0.77% Families 1.16% 1.49% 0.69% Owner HHs 1.14% 1.47% 0.70% Median Household Income 2.66% 2.84% 2.66% Households by Income Number Percent Number Percent <$15,000 1, % 1, % $15,000 - $24,999 1, % % $25,000 - $34, % % $35,000 - $49,999 1, % 1, % $50,000 - $74, % % $75,000 - $99, % 1, % $100,000 - $149, % % $150,000 - $199, % % $200, % % Senior Median Household Income $36,546 $41,673 Average Household Income $51,163 $57,837 Per Capita Income $18,717 $21,162 Census Population by Age Number Percent Number Percent Number Percent 0-4 1, % 1, % 1, % 5-9 1, % 1, % 1, % , % 1, % 1, % , % 1, % 1, % , % 1, % 1, % , % 2, % 2, % , % 2, % 2, % , % 2, % 2, % , % 2, % 2, % , % 1, % 2, % , % 1, % 1, % % % % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 14, % 15, % 15, % Black Alone 1, % 1, % 2, % American Indian Alone % % % Asian Alone % % % Pacific Islander Alone 8 0.0% 8 0.0% 8 0.0% Some Other Race Alone 2, % 2, % 2, % Two or More Races % % % Hispanic Origin (Any Race) 11, % 11, % 12, % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and Esri

15 Demographics: 5-Mile Summary Census Population 32,085 33,561 35,826 Households 11,256 11,867 12,746 Families 7,879 8,264 8,852 Average Household Size Owner Occupied Housing Units 7,199 7,327 7,872 Renter Occupied Housing Units 4,057 4,540 4,874 Median Age Trends: Annual Rate Area State National Population 1.31% 1.52% 0.75% Households 1.44% 1.54% 0.77% Families 1.38% 1.49% 0.69% Owner HHs 1.45% 1.47% 0.70% Median Household Income 3.28% 2.84% 2.66% Households by Income Number Percent Number Percent <$15,000 1, % 2, % $15,000 - $24,999 1, % 1, % $25,000 - $34,999 1, % 1, % $35,000 - $49,999 1, % 1, % $50,000 - $74,999 1, % 1, % $75,000 - $99,999 1, % 2, % $100,000 - $149,999 1, % 1, % $150,000 - $199, % % $200, % % Senior Median Household Income $41,453 $48,715 Average Household Income $56,812 $64,255 Per Capita Income $20,935 $23,683 Census Population by Age Number Percent Number Percent Number Percent 0-4 2, % 2, % 2, % 5-9 2, % 2, % 2, % , % 2, % 2, % , % 2, % 2, % , % 2, % 2, % , % 4, % 4, % , % 3, % 3, % , % 4, % 4, % , % 4, % 4, % , % 3, % 3, % , % 1, % 2, % % % % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 25, % 25, % 26, % Black Alone 2, % 2, % 3, % American Indian Alone % % % Asian Alone % % % Pacific Islander Alone % % % Some Other Race Alone 3, % 3, % 4, % Two or More Races % % % Hispanic Origin (Any Race) 16, % 17, % 19, % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and Esri

16 Information About 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 the 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: that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and 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. REOC General Partner, LLC bharris@reocsanantonio.com (210) Licensed Broker/Broker Firm Name or License No. Phone Primary Assumed Business Name Brian Dale Harris bharris@reocsanantonio.com (210) Designated Broker of Firm License No. Phone N/A N/A N/A N/A Licensed Supervisor of Sales Agent/ License No. Phone Associate Blake McFarlane Bonner (210) Sales Agent/Associate's Name License No. Phone Buyer/Tenant/Seller/Landlord Initials Date Regulated by the Texas Real Estate Commission Information available at TAR 2501 IABS 1-0 REOC San Antonio 1826 N. Loop 1604 W. Suite 250 San Antonio, TX Phone: Fax: Blake Bonner Produced with zipform by ziplogix Fifteen Mile Road, Fraser, Michigan IABS Form - Br