For Lease THE SHOPS AT CLEAR SPRINGS 1761 State Hwy 46 S, New Braunfels, TX 78130 PROPERTY HIGHLIGHTS Excellent location Fast growing area Highway 46 frontage Drive-thru end cap Patio area Les Broyles Senior Advisor (830)358.7816 Les.broyles@svn.com SVN Norris Commercial Group 373 S. Seguin Avenue, New Braunfels, TX 78130 (830)358.7800 LEASE BROCHURE
ADDITIONAL PHOTOS THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 2
PROPERTY INFORMATION THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX LEASE OVERVIEW Available SF: 17,819 PROPERTY OVERVIEW Coming Fall 2018 Located on Hwy 46 in Clear Springs 1500 SF Minimum Divisible Drive-thru end cap available Patio area available for restaurant/bar/grill 270 unit apartment complex coming 2018 Lease Rate: $1.75/sf/month Tenant Improvement $35.00/sf Allowance: Building Size: 17,819 Zoning: Market: MU-B - Mixed Use New Braunfels 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 3
ADDITIONAL PHOTOS THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 4
AERIAL MAP THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX FAST GROWING AREA NEW GROWTH 300 LOTS 400 LOTS 240 LOTS 300 LOTS VILLAGE AT CLEAR SPRINGS 119 LOTS 300 LOTS AVERY PARK 811 LOTS SKY AT CLEAR SPRINGS 270 UNITS 80 LOTS CLEAR SPRINGS ELEMENTARY SCHOOL DEER CREST 396 LOTS 300 LOTS 50 LOTS 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 ELLEY CROSSING 300 LOTS C-STORE & CREEKSIDE CROSSING 17 DUPLEX LOTS SVN Norris Commercial Group Page 5
RETAIL MAP THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 6
LOCATION MAP THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 7
CITY INFORMATION THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX Location: New Braunfels is located in the heart of the Central Texas Corridor, is part of the San Antonio MSA and is the county seat of Comal County. Population: New Braunfels population continues to grow at nearly 3 times the rate of Texas. Since 2003 New Braunfels has grown 77%, averaging over 4-5% a year. Such growth can be attributed to our location as well as a great quality of life that has access to good schools, jobs, healthcare, and recreational and entertainment opportunities. (Source 2017 Economic Benchmarks, New Braunfels EDC) Jobs: Seventy percent of jobs in New Braunfels are filled by employees commuting into the area. Additionally, 68% of employed citizens commute outside the city for employment. Announced new primary jobs have averaged 922 per year since 2004. (Source 2017 Economic Benchmarks, New Braunfels EDC) City Property Valuation, City Tax Rate & Sales Tax Revenue: As of 2017 taxable value in New Braunfels is up nearly $4.7 Billion since 2003, an increase of 221%. The city tax rate is low to moderate for cities the size of New Braunfels. Sales tax revenues in New Braunfels have increased by 189% since 2003. Sales tax revenue is the largest local revenue source for city government services. Each year, more than 2 million visitors come to New Braunfels to explore the shopping and recreational activities available in our area. (Source 2017 Economic Benchmarks, New Braunfels EDC) Retail Trade Area IH 35 Corridor of New Braunfels: The Retail Trade Area for 2017 was estimated to have a population of 180,684 with an estimated average household income of $80,073. The Retail Trade Area for the IH 35 Corridor of New Braunfels is projected to have a population of 198,708 in 2020. (Source Retail Coach) Retail Potential for the New Braunfels trade area: The Retail Potential for Food & Beverage Service (445) was reported to be $220,868,874; for Health & Personal Care Stores (446) $100,532,151; for Foodservice & Drinking Places (722) $99,156,560: and for Clothing & Clothing Accessories (448) $81,341,495.a 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 8
DEMOGRAPHICS THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 9
DEMOGRAPHICS THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 10
DISCLAIMER THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 11
ADVISOR BIO THE SHOPS AT CLEAR SPRINGS NEW BRAUNFELS, TX PROFESSIONAL BACKGROUND Les Broyles is a Real Estate Advisor with SVN Norris Commercial Group. He has been a licensed Real Estate Broker in Texas since 1987. Les specializes in land, farm and ranch, commercial and industrial properties in the New Braunfels and surrounding areas, as well as South Central Texas. He represents both buyers and sellers in these areas. He also has a background in the banking and finance industry with several years experience in that field. LES BROYLES Senior Advisor 373 S. Seguin Avenue Les was born and raised in Cherokee, TX (San Saba County) and received his Bachelor of Business Administration with a degree in Finance and Real Estate from Angelo State University, San Angelo, TX in 1984. Les has resided in New Braunfels since graduation from college. Les is married and has one daughter. He is a member of the New Braunfels Downtown Rotary Club, the San Antonio Livestock Exposition and also the Houston Livestock Show and Rodeo. New Braunfels, TX 78130 O: 830.358.7816 C: 830.708.5613 Les.broyles@svn.com 1761 STATE HWY 46 S NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 12