9940-9944 Kleckley CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Investar Real Estate Services, Inc. and should not be made available to any other person on entity without the written consent of Investar. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Investar has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB s, or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Investar has not verified, and will not verify, any of the information contained herein, nor has Investar conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT JIM BAYNE at (713) 273-1363 or jbayne@investarinc.com FOR MORE DETAILS.
9940-9944 Kleckley PRICING AND FINANCIAL ANALYSIS
9940-9944 Kleckley Pricing and Financial Analysis FINANCIAL OVERVIEW Price: $2,127,000 Rentable Square Feet: 23,110 Price/Rentable SF: $92.04/sf Parcel Size: 1.6601 Acres Year Built: 1978 Type of Ownership: Fee Simple Income Current Base Rent Occupied Space $239,037.60 Gross Potential Rent $239,037.60 Expense Reimbursements $24,874.44 Gross Potential Income $263,912.04 Total Expenses $91,658.67 Net Operating Income $172,253.37 Total Return 8.1% Expenses Real Estate Taxes $43,210.11 Insurance $9,639.55 Utilities $6,216.45 Repairs and Maintenance $5,006.57 Contract Services/Misc. $15,392.86 Management Services $12,193.13 Total Expenses $91,658.67 Expenses/SF $3.97/SF
9940-9944 Kleckley Drive Pricing and Financial Analysis EXPENSES Expenses: Roofing/Gutters $ 5,006.57.2167/sf Landscape $ 6,235.20.2698/sf Sweeping $ 3,039.62.1315/sf Water $ 4,598.18.1989/sf City Drainage Fee $ 2,124.12.0919/sf Electricity $ 1,618.27.07/sf Refuse Removal $ 1,066.14.0461/sf Porter - Recoverable $ 1,980.00.0857/sf Property Mgmt. Fee $ 12,193.13.5276/sf Insurance $ 9,639.55.4171/sf Ad Valorem $ 43,210.11 1.87/sf Tax Service $ 947.78.041/sf Total Operating Expenses: $ 91,658.67 $3.966/sf
9940-9944 Kleckley Pricing and Financial Analysis RENT ROLL Antoine Commercial Park Rent Roll Tenant Sq. Ft. Annual Base Rent NNN Lease Commencement Lease Expiration VIP Royal Palace 12,500 $ 132,000.00 Gross Lease 2/01/2015 1/31/2020 A&A Video 4,570 $ 48,477.60 $ 18,125.52 2/01/2010 12/31/2021 Pool Hall 4,340 $ 43,260.00 Modified Gross Lease (Pays escalations on Taxes & Insurance over 2016 Base Year 9/01/2016 11/30/2021 Milan to Houston ( Hair Salon) 1,700 $ 15,300.00 $ 6,748.92 05/01/2017 10/31/2022 Totals: 23,110 $ 239,037.60 $ 24,874.44
9940-9944 Kleckley AERIAL & MAP
9940-9944 Kleckley Aerial & Map
Demographic Detail Report Building Type: Secondary: GLA: Year Built: General Retail Freestanding 23,110 SF 1978 Almeda Center 9944 Kleckley Dr, Total Available: % Leased: Rent/SF/Yr: 1,700 SF 92.64% $8.40 Radius 1 Mile 3 Mile 5 Mile Population 2022 Projection 21,200 146,505 313,093 2017 Estimate 19,425 134,831 288,177 2010 Census 17,387 124,292 266,248 Growth 2017-2022 9.14% 8.66% 8.65% Growth 2010-2017 11.72% 8.48% 8.24% 2017 Population by Age 19,425 134,831 288,177 Age 0-4 1,794 9.24% 11,050 8.20% 22,885 7.94% Age 5-9 1,791 9.22% 11,304 8.38% 23,543 8.17% Age 10-14 1,625 8.37% 10,931 8.11% 22,871 7.94% Age 15-19 1,379 7.10% 10,064 7.46% 21,184 7.35% Age 20-24 1,437 7.40% 10,298 7.64% 21,704 7.53% Age 25-29 1,791 9.22% 11,351 8.42% 23,620 8.20% Age 30-34 1,889 9.72% 11,293 8.38% 23,246 8.07% Age 35-39 1,643 8.46% 10,226 7.58% 21,178 7.35% Age 40-44 1,370 7.05% 9,238 6.85% 19,549 6.78% Age 45-49 1,117 5.75% 8,171 6.06% 17,595 6.11% Age 50-54 955 4.92% 7,474 5.54% 16,367 5.68% Age 55-59 818 4.21% 6,783 5.03% 15,188 5.27% Age 60-64 629 3.24% 5,532 4.10% 12,616 4.38% Age 65-69 439 2.26% 4,116 3.05% 9,563 3.32% Age 70-74 291 1.50% 2,786 2.07% 6,569 2.28% Age 75-79 195 1.00% 1,834 1.36% 4,377 1.52% Age 80-84 136 0.70% 1,228 0.91% 3,023 1.05% Age 85+ 126 0.65% 1,151 0.85% 3,099 1.08% Age 65+ 1,187 6.11% 11,115 8.24% 26,631 9.24% Median Age 29.70 31.10 31.80 Average Age 30.60 32.60 33.40 Copyrighted report licensed to Investar Real Estate Services, Inc. - 390791. 5/5/2017 Page 1
Demographic Detail Report Almeda Center 9944 Kleckley Dr, Radius 1 Mile 3 Mile 5 Mile 2017 Population By Race 19,425 134,831 288,177 White 13,362 68.79% 105,041 77.91% 230,524 79.99% Black 4,353 22.41% 17,494 12.97% 31,852 11.05% Am. Indian & Alaskan 307 1.58% 1,586 1.18% 3,101 1.08% Asian 1,007 5.18% 8,431 6.25% 18,093 6.28% Hawaiian & Pacific Island 48 0.25% 200 0.15% 350 0.12% Other 348 1.79% 2,079 1.54% 4,257 1.48% Population by Hispanic Origin 19,425 134,831 288,177 Non-Hispanic Origin 7,488 38.55% 47,003 34.86% 105,871 36.74% Hispanic Origin 11,937 61.45% 87,827 65.14% 182,306 63.26% 2017 Median Age, Male 28.90 30.40 31.10 2017 Average Age, Male 29.80 31.90 32.60 2017 Median Age, Female 30.40 31.70 32.50 2017 Average Age, Female 31.40 33.30 34.10 2017 Population by Occupation 13,939 99,528 214,637 Classification Civilian Employed 9,380 67.29% 65,280 65.59% 136,588 63.64% Civilian Unemployed 471 3.38% 3,265 3.28% 7,346 3.42% Civilian Non-Labor Force 4,082 29.28% 30,909 31.06% 70,591 32.89% Armed Forces 6 0.04% 74 0.07% 112 0.05% Households by Marital Status Married 2,551 21,444 46,782 Married No Children 966 9,320 21,210 Married w/children 1,586 12,124 25,572 2017 Population by Education 12,145 87,463 188,981 Some High School, No Diploma 3,178 26.17% 23,645 27.03% 51,747 27.38% High School Grad (Incl Equivalency) 3,217 26.49% 22,910 26.19% 49,645 26.27% Some College, No Degree 3,381 27.84% 23,219 26.55% 48,794 25.82% Associate Degree 747 6.15% 6,280 7.18% 12,990 6.87% Bachelor Degree 1,246 10.26% 8,672 9.92% 18,466 9.77% Advanced Degree 376 3.10% 2,737 3.13% 7,339 3.88% Copyrighted report licensed to Investar Real Estate Services, Inc. - 390791. 5/5/2017 Page 2
Demographic Detail Report Almeda Center 9944 Kleckley Dr, Radius 1 Mile 3 Mile 5 Mile 2017 Population by Occupation 17,072 117,211 244,819 Real Estate & Finance 534 3.13% 3,279 2.80% 6,432 2.63% Professional & Management 2,892 16.94% 20,053 17.11% 43,094 17.60% Public Administration 209 1.22% 1,896 1.62% 4,221 1.72% Education & Health 1,834 10.74% 11,428 9.75% 22,994 9.39% Services 1,804 10.57% 13,216 11.28% 27,247 11.13% Information 143 0.84% 988 0.84% 1,705 0.70% Sales 2,543 14.90% 16,059 13.70% 32,124 13.12% Transportation 210 1.23% 1,110 0.95% 2,509 1.02% Retail 1,047 6.13% 7,454 6.36% 16,226 6.63% Wholesale 182 1.07% 1,777 1.52% 4,437 1.81% Manufacturing 878 5.14% 7,789 6.65% 16,609 6.78% Production 1,762 10.32% 11,212 9.57% 23,402 9.56% Construction 1,412 8.27% 10,790 9.21% 23,520 9.61% Utilities 932 5.46% 4,239 3.62% 8,870 3.62% Agriculture & Mining 229 1.34% 1,240 1.06% 2,300 0.94% Farming, Fishing, Forestry 16 0.09% 163 0.14% 403 0.16% Other Services 445 2.61% 4,518 3.85% 8,726 3.56% 2017 Worker Travel Time to Job 9,295 64,368 134,263 <30 Minutes 4,518 48.61% 34,110 52.99% 74,132 55.21% 30-60 Minutes 3,853 41.45% 24,430 37.95% 49,053 36.54% 60+ Minutes 924 9.94% 5,828 9.05% 11,078 8.25% 2010 Households by HH Size 6,133 39,308 85,549 1-Person Households 1,607 26.20% 7,523 19.14% 17,421 20.36% 2-Person Households 1,470 23.97% 9,241 23.51% 20,924 24.46% 3-Person Households 1,093 17.82% 7,264 18.48% 15,143 17.70% 4-Person Households 960 15.65% 6,931 17.63% 14,459 16.90% 5-Person Households 571 9.31% 4,486 11.41% 9,448 11.04% 6-Person Households 264 4.30% 2,189 5.57% 4,563 5.33% 7 or more Person Households 168 2.74% 1,674 4.26% 3,591 4.20% 2017 Average Household Size 2.80 3.10 3.10 Households 2022 Projection 7,403 46,415 100,726 2017 Estimate 6,790 42,694 92,659 2010 Census 6,133 39,309 85,548 Growth 2017-2022 9.03% 8.72% 8.71% Growth 2010-2017 10.71% 8.61% 8.31% Copyrighted report licensed to Investar Real Estate Services, Inc. - 390791. 5/5/2017 Page 3
Demographic Detail Report Almeda Center 9944 Kleckley Dr, Radius 1 Mile 3 Mile 5 Mile 2017 Households by HH Income 6,789 42,693 92,658 <$25,000 1,556 22.92% 8,984 21.04% 21,360 23.05% $25,000 - $50,000 2,292 33.76% 11,804 27.65% 24,329 26.26% $50,000 - $75,000 1,311 19.31% 8,774 20.55% 18,150 19.59% $75,000 - $100,000 1,030 15.17% 6,256 14.65% 11,997 12.95% $100,000 - $125,000 369 5.44% 3,390 7.94% 7,600 8.20% $125,000 - $150,000 159 2.34% 1,689 3.96% 4,223 4.56% $150,000 - $200,000 45 0.66% 1,096 2.57% 2,794 3.02% $200,000+ 27 0.40% 700 1.64% 2,205 2.38% 2017 Avg Household Income $52,763 $62,847 $64,856 2017 Med Household Income $43,563 $51,547 $50,870 2017 Occupied Housing 6,790 42,694 92,660 Owner Occupied 2,103 30.97% 24,160 56.59% 53,134 57.34% Renter Occupied 4,687 69.03% 18,534 43.41% 39,526 42.66% 2010 Housing Units 7,311 44,076 95,035 1 Unit 2,473 33.83% 27,571 62.55% 59,968 63.10% 2-4 Units 503 6.88% 1,886 4.28% 4,185 4.40% 5-19 Units 1,793 24.52% 7,414 16.82% 15,206 16.00% 20+ Units 2,542 34.77% 7,205 16.35% 15,676 16.49% 2017 Housing Value 2,102 24,159 53,133 <$100,000 763 36.30% 7,675 31.77% 17,024 32.04% $100,000 - $200,000 1,184 56.33% 13,999 57.95% 28,078 52.84% $200,000 - $300,000 52 2.47% 1,103 4.57% 4,980 9.37% $300,000 - $400,000 0 0.00% 331 1.37% 1,452 2.73% $400,000 - $500,000 38 1.81% 109 0.45% 329 0.62% $500,000 - $1,000,000 35 1.67% 406 1.68% 558 1.05% $1,000,000+ 30 1.43% 536 2.22% 712 1.34% 2017 Median Home Value $124,324 $131,463 $133,985 2017 Housing Units by Yr Built 7,337 45,316 98,085 Built 2010+ 381 5.19% 2,249 4.96% 4,675 4.77% Built 2000-2010 1,710 23.31% 9,183 20.26% 16,892 17.22% Built 1990-1999 780 10.63% 3,223 7.11% 6,637 6.77% Built 1980-1989 1,791 24.41% 7,050 15.56% 13,021 13.28% Built 1970-1979 1,124 15.32% 11,263 24.85% 23,380 23.84% Built 1960-1969 740 10.09% 6,960 15.36% 16,002 16.31% Built 1950-1959 710 9.68% 4,071 8.98% 12,590 12.84% Built <1949 101 1.38% 1,317 2.91% 4,888 4.98% 2017 Median Year Built 1985 1978 1976 Copyrighted report licensed to Investar Real Estate Services, Inc. - 390791. 5/5/2017 Page 4