FREE STANDING OFFICE FOR SALE $3,185,000-7.0% CAP Leased to HomeDepot.com Mission Critical Location Easy Access to 635 and Highways 114 & 161 18,583 SF Single Story Building on 2.46 AC Above Average Parking (7.55 per 1,000 SF) Renovated in 2012 Michelle Hudson 214.389.3663 Hudson@HudsonPeters.com Tom Hudson 214.389.3667 Tom@HudsonPeters.com The information contained herein was obtained from sources believed reliable; however, Hudson Peters Commercial, LLC, makes no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of these properties is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.
EXECUTIVE SUMMARY Occupied by HomeDepot.com, the property serves as a mission critical data and customer support service center. The property is a 18,583 square foot single story office building and is leased to HomeDepot.com. The building features wood trimmed accents and Class A interior finishes. The property s data room features its own dedicated HVAC unit as well as a dry chemical suppression system. The tenant signed an eight year lease in October 2011 and the lease expires in May 2020. There are two (2) three year options to renew. Home Depot is a publicly traded company on the New York Stock Exchange (HD), with a market capitalization of $214 billion. INVESTMENT HIGHTLIGHTS Priced well below replacement cost. Above average parking ratio (7.55 per 1,000 SF) Investment grade rated company (S&P: A) Easy access to Interstate 635 and Highways 114 and 161 Over $300,000 of improvements in 2012 Located in Las Colinas, an upscale planned business development Close proximity to the Dallas/Fort-Worth International Airport Less than ¼ mile from a Dallas Area Rapid Transit (DART) stop
PROPERTY OVERVIEW Price: $3,185,000 PSF: $171.39 - Priced well below replacement cost. Guarantor: The Home Depot Cap Rate: 7.0% Year Built: 1985 Net Operating Income: $222,996 $12.00 PSF NNN Year Renovated: 2006 & 2012 Renewal Options: Two 3-Year at market Lease Type: NNN* Tenant: The Home Depot Building Square Footage: 18,583 Commencement Date: October 1, 2011 Expiration Date: May 31, 2020 Land Size: 2.46 acres *Landlord is responsible for structure only. However, for all capital investments to the roof and parking lot the tenant is responsible for paying its prorata share of the costs based upon the remaining lease term divided by the useful life of the capital repair.
TENANT PROFILE The Home Depot is the world's largest home improvement specialty retailer, with 2,285 + retail stores in the United States, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2017, The Home Depot had sales of $100.9 billion and earnings of $8.6 billion. The company employs more than 400,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD). Home Depot is currently ranked #28 of the Fortune 500, an annual ranking of America s largest corporations. Websites: www.homedepot.com HomeDepot.com occupies the property as the nationwide data center for its e-commerce business. Stock Symbol: Market Capitalization: S & P Rating: HD (NYSE) $214 billion A
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IRVING/LAS COLINAS An international business hub in the heart of North Texas. Irving-Las Colinas robust and diverse economy supports 8,500 businesses including five Fortune 500 companies and nine Fortune 1000 companies. Here s why corporations from around the globe are making Irving-Las Colinas their business address: Just minutes away, from two major airports: Dallas/Fort Worth International Airport and Dallas Love Field. Modern highway infrastructure to bring thousands of skilled workers to your door. Irving-Las Colinas investment in the Dallas Area Rapid Transit (DART) system provides easy commuter access to the heart of our business district. Irving-Las Colinas embraces and celebrates diversity. Irving is home to the most diverse zip code in America (75038), and is among the ten most diverse cities in the country. Irving-Las Colinas is home to the newest entertainment, retail, and restaurant destination, with convention center, hotels, residential and office space located on a beautiful water canal and 125 acre Lake Carolyn. Irving-Las Colinas has unsurpassed recreational access, with over 2,000 acres of land, 43 parks and Campion Trail, a masterplanned, 22-mile greenbelt along the Elm Fork and West Fork of the Trinity River. Irving-Las Colinas has world-class healthcare with Baylor Scott and White Medical Center-Irving, Medical City Las Colinas, Texas Center for Proton Therapy and many other specialized clinics and community health services. Education is a priority in Irving-Las Colinas with one of the highest concentrations of STEM educated workers in the country. With eight colleges and 106 additional schools located within a 25-mile radius, Irving-Las Colinas has many options for continuing higher education. https://www.irvingtexas.com/visitor-info/about-irving/las-colinas/ http://www.ci.irving.tx.us/
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Hudson Peters Commercial Information About Brokerage Services Texas law requires all real estate licensees 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. 11/2/2015 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 coincidental 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. Hudson Peters Commercial, LLC 582122 hudson@hudsonpeters.com (972)980-1188 Licensed Broker /Broker Firm Name or Primary License No. Email Phone Assumed Business Name Lynn Michelle Hudson 433516 hudson@hudsonpeters.com (972)980-1188 Designated Broker of Firm License No. Email Phone Licensed Supervisor of Sales Agent/Associate License No. Email Phone Sales Agent/Associate's Name License No. Email Phone Buyer/Tenant Seller/Landlord Initials Regulated by the Texas Real Estate Commission Hudson Peters Commercial, 16479 Dallas Parkway, Suite 750 Addison, TX 75001 Janice Peters Produced with zipform by ziplogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.ziplogix.com Date Information available at www.trec.texas.gov IABS 1-0 Phone: (972)980-1188 Fax: 972-980-1181 Michelle - IABS