SUBJECT PROPERTY WELLS FARGO Ground Lease 115 Bulverde Crossing Bulverde, TX 78163 (San Antonio MSA) Price: $2,391,304 l NOI: $137,500 CAP: 5.75% Phone: 212.972.7457 Fax: 212.686.0078 exp@exp1031.com www.exp1031.com Across from Home Depot and a HEB anchored shopping center 2010 average household income: $93,061 within 3 miles 24% population growth 2010-2015 10% rent escalations in base term and options Public company (NYSE: WFC) with an S&P rating of A+ 9+ years of remaining lease term Bulverde is 25 miles north of San Antonio
Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a ground leased Wells Fargo located 25 miles north of San Antonio, TX on 2.165 acres of land. For sale is the fee interest in the land. The building was constructed in 2007. The property sits at the northeast corner of Old Boerne Road and Bulverde Crossing Road near the intersection of US Hwy 281 and State Hwy 46. The Wells Fargo bank is located across from Home Depot and HEB. Nearby tenants include Starbucks, Wendy s, and Tractor Supply. There are three schools in the immediate area which add significant daytime population. The area s demographic is wealthy and has excellent population and household growth. LOCATION OVERVIEW: Bulverde is part of the San Antonio Metropolitan Statistical Area, 25 miles north of San Antonio, and situated in South-Central Texas. The official 2010 U.S. Census results showed the metropolitan area's population at 2.14 million, up from a reported 1.71 million in 2000, making it the 25th largest metropolitan area in the United States. The San Antonio New Braunfels MSA is the third-largest metro area in the state of Texas. It is also the third-fastest growing large metropolitan area in the state. LEASE SUMMARY: Annual Rent: $137,500 as of 4/1/2012 Rent Commencement: 3/27/2007 Expiration Date: 3/31/2022 Base Term Escalations: 10% every 5 years Options: Four (5) year options Options Escalations: Lease Type: 10% every 5 years Absolute Triple Net Ground Lease. For sale is the fee interest in the land. When the lease is over, the buyer will own both the building and the land. INVESTMENT SUMMARY Price: $2,391,304 CAP Rate: 5.75% NNN Rent: $137,500 Bld. Sq Ft: 4,055 sf Land Size: 2.165 ac Lease Type: Triple Net Ground Lease Escalations: 10% every 5 years Expiration: 3/21/2022 TENANT OVERVIEW: Wells Fargo & Company (S&P: A+) Wells Fargo & Company (NYSE: WFC) is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the US by assets and the second largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit card. In 2011, Wells Fargo was the 23rd largest company. In 2010 Wells Fargo had 6,335 retail branches, 12,000 automated teller machines, 280,000 employees and over 70 million customers. Wells Fargo operates under the Wells Fargo and Wachovia names. The lease for the property is with Wachovia Bank National Association. INVESTMENT OVERVIEW
Area Property Building History Photos Line Map BUILDING PHOTOS
Area Property Site Plan History Line Map Subject Property SITE PLAN
Area Property Labeled History Aerial Line Map Bulverde Library LABELED AERIAL
Area Property Labeled History Aerial Line Map Spring Branch Middle School Bill Brown Elementary School Arlon Seay Intermediate School LABELED AERIAL
Property Location Line Map Map LOCATION MAP
Property Location Line Map Map LOCATION MAP
Property Demographic Line Data Map Radius 3 Mile 5 Mile 10 Mile Population: 2015 Projection 6,900 20,796 91,289 2010 Estimate 5,741 16,752 73,128 2000 Census 3,738 9,182 26,749 Growth 2010-2015 20.20% 24.10% 24.80% Growth 2000-2010 53.60% 82.40% 173.40% 2010 Population by Race: White 5,184 15,042 64,560 Black or African American 43 214 911 American Indian and Alaska Native 23 70 423 Asian 56 137 1,263 Native Hawaiian and Pacific Islanders 1 1 13 Other Race 269 882 3,876 Two or More Races 164 406 2,081 2010 Households: 2015 Projection 2,366 7,117 31,237 2010 Estimate 1,967 5,728 25,012 2000 Census 1,295 3,150 9,335 Growth 2010-2015 20.30% 24.20% 24.90% Growth 2000-2010 51.90% 81.80% 167.90% Owner Occupied 1,754 5,288 22,374 Renter Occupied 213 440 2,638 2010 Avg Household Income $93,061 $88,479 $90,692 2010 Med Household Income $78,496 $75,729 $72,856 2010 Per Capita Income $32,649 $30,846 $31,188 2010 Households by Household Inc: Income Less than $15,000 57 215 1,413 Income $15,000 - $24,999 101 274 1,389 Income $25,000 - $34,999 131 354 1,831 Income $35,000 - $49,999 238 663 3,253 Income $50,000 - $74,999 364 1,302 4,981 Income $75,000 - $99,999 466 1,296 4,429 Income $100,000 - $149,999 404 1,056 4,695 Income $150,000 - $249,999 152 463 2,300 Income $250,000 - $499,999 46 88 610 Income $500,000 or more 8 18 110 Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY 10016 Phone: (212) 972-7457 Fax: (212) 686-0078 www.exp1031.com Our Team Robert P. James President Phone: (212) 972-7457 Email: rob@exp1031.com Daniel de Sa Director of Sales Phone: (212) 972-7457 E-mail: dan@exp1031.com DEMOGRAPHIC DATA