5663 Randolph Blvd San Antonio, TX 78233 PRESENTED BY: PROPERTY HIGHLIGHTS Bakery is a strong regional Tenant with a new 7 year Lease with 5% annual increases Property is 100% leased Corner lot with high visibility and plenty of parking Zoning is C-2NA for the bakery and car lot Mobile Homes and RV spaces are Zoned R-6 and are grandfathered Bakery/Car Lot/Mobile Homes/RV's are all individually metered Traffic Count 7659 VPD
SALE OVERVIEW SALE PRICE: $999,900 CAP RATE: 8.35% NOI: $83,476 LOT SIZE: 0.72 Acres BUILDING SIZE: 1,830 SF PROPERTY DESCRIPTION This is a great investment opportunity to purchase a mixed-use property. The property includes a Bakery with a NNN lease that has a new 7 year lease in place with 5% annual increases, a car lot that includes a 180 SF sales office currently leased to an area dealer, 3 leased mobile homes that convey and 6 RV spaces that are 100% leased. LOCATION OVERVIEW Property is located on the NE side of San Antonio, Texas just off of IH-35 S on Randolph Blvd. From IH -35, exit Weidner Rd and go East to Randolph Blvd, then take a right. The property is on the left approximately 1/4 mile. ZONING: C-2 MARKET: San Antonio SUB MARKET: New Braunfels CROSS STREETS: Randolph Blvd And Bledsoe Dr.
Location Maps
Aerial Map
Bakery Side of Bakery with New Blacktop
New Blacktop New Blacktop
Mobile Home & RV Park
INCOME SUMMARY PER UNIT Car Lot Lease $20,940 - Mobile Homes x3 $32,220 - RV Pads $34,260 - Bakery $30,804 - GROSS INCOME $118,224 - EXPENSE SUMMARY PER UNIT Management Fee $11,822 - Maintenance/Repairs $1,000 - Utilities $5,850 - Insurance (Estimated) $1,000 - Landscaping $1,820 - Property Taxes (2016) $6,345 - Reserve/Deferred Maintenance $1,000 - GROSS EXPENSES $28,837 - NET OPERATING INCOME $83,476 -
POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 7,320 97,873 257,940 MEDIAN AGE 39.7 34.7 33.8 MEDIAN AGE (MALE) 38.5 33.1 31.9 MEDIAN AGE (FEMALE) 41.6 36.8 35.6 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 3,039 36,337 94,098 # OF PERSONS PER HH 2.4 2.7 2.7 AVERAGE HH INCOME $57,802 $58,004 $61,884 AVERAGE HOUSE VALUE $128,858 $115,587 $123,267
Jay Dabbs SVN Norris Commercial Group Jay Dabbs is an with SVN Norris Commercial Group in New Braunfels, TX. He specializes in the greater San Antonio area. Jay believes integrity is his most valuable asset. His business is built on treating others with respect and communicating effectively. Jay's background in marketing gives him an advantage when negotiating complicated and lengthy commercial real estate transactions. Jay and his wife have lived in the area for 18 years and have 2 children. His son is a member of the Clemens High School Band and a daughter who participates in volleyball and twirling. Memberships & Affiliations National Association of Realtors Texas Association of Realtors Phone: Fax: 830.214.6434 Cell: 210.749.5494 Email: Address: 373 S. Seguin Avenue New Braunfels, TX 78130
Scott Forester SVN Norris Commercial Group Scott Forester currently serves as a Commercial Real Estate for SVN Norris Commercial Group in New Braunfels, TX. Scott works to actively know the commercial real estate market in the surrounding Central Texas area, including, Seguin, Canyon Lake, Spring Branch, Bulverde, Schertz, Cibolo, Seguin, San Marcos and San Antonio. Scott s 13 years of prior residential real estate helped him transition into commercial real estate in 2012. He joined the Norris Commercial Group office in New Braunfels for several reasons: Memberships & Affiliations National Association of Realtors Texas Association of Realtors Phone: Fax: 830.214.6434 Cell: 830.708.1340 Email: A great national platform to help his clients gain the most exposure A culture of sharing and collaboration amongst other Sperry Van Ness advisors, both locally and nationwide A strong team which together covers decades of experience and hundreds of transactions, each different in nature A strong growing market along the IH 35 and IH 10 corridors * Skills and Tools to help Evaluate and Educate on Commercial Investment Sells and Purchases. Some of Scott s greatest skills are those of a communicator and facilitator, traits he honed during many years of coaching and teaching around the state of Texas. That coaching mentality is exactly what serves his commercial real estate clients and customers so well. Address: 373 S. Seguin Avenue New Braunfels, TX 78130
DISCLAIMER 1,830 SF SAN ANTONIO, 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 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 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. Neither the SVN 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 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 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 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.
Information About Brokerage Services Texas law requires all real estate license holders to give the following informa on about brokerage services to prospec ve buyers, tenants, sellers and landlords. 11-2-2015 TYPES OF REAL ESTATE LICENSE HOLDERS:. A BROKER is responsible for all brokerage ac vi es, 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 informa on about the property or transac on received by the broker; Answer the client s ques ons and present any o er to or counter-o er from the client; and Treat all par es to a real estate transac on 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 wri en lis ng to sell or property management agreement. An owner's agent must perform the broker s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on 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 wri en representa on agreement. A buyer's agent must perform the broker s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must rst obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary: Must treat all par es to the transac on impar ally and fairly; May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. Must not, unless speci cally authorized in wri ng to do so by the party, disclose: that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any con den al informa on or any other informa on that a party speci cally instructs the broker in wri ng 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 transac on 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 rst. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker s du es and responsibili es to you, and your obliga ons under the representa on 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 no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker s services. Please acknowledge receipt of this no ce below and retain a copy for your records. SVN Norris Commercial Group 9000964 miken@svn.com (830) 358-7802 Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone William M. Norris 185345 miken@svn.com (830) 358-7802 Designated Broker of Firm License No. Email Phone Chris Blankenship 586082 chrisb@svn.com (830) 387-5150 Licensed Supervisor of Sales Agent/ Associate License No. Email Phone Jay Dabbs 623922 (830) 358-7806 Sales Agent/Associate s Name License No. Email Phone Regulated by the Texas Real Estate Commission Buyer/Tenant/Seller/Landlord Initials Date Informa on available at www.trec.texas.gov IABS 1-0