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DALLAS MS A ABSOLUTE NET LEASED COMMERICAL BUILDING 201 W KAUFMAN STREET, RICHARDSON, TEXAS 75081 FUTURE BUILDING REMODEL RENDERING | HIGHWAY 75 VISIBILITY; 250,000 CARS PER DAY NEW 20 YEAR ABSOLUTE NNN LEASE net leased disclaimer Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property. REAL ESTATE INVESTMENT SALES | FINANCING | RESEARCH | ADVISORY SERVICES This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. 02 investment overview address | 201 West Kaufman, Richardson, TX 75081 CLick ME! Purchase Price: $1,950,000 Options: (4) 5 Year Options Cap Rate: 7.75% Guarantor: Soffitec, Inc | Personal Net Operating Income: $151,125 Rentable Square Feet: 9,864 Sq Ft Price Per Square Foot: $197.69 Sq Ft. Lease Commencement Date: 9/1/2015 Lease Expiration Date: 8/31/2035 Lot Size Lease Type: Absolute Net Year Built: .66 Acres 1980/2015 Increases:10% Rental Increases Every 5 Years * Soffitec financials will be made available upon executed LOI. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. 03 investment overview overview | Marcus & Millichap is pleased to offer this sale leaseback asset that will include a new, 20-year absolute net lease with 10 percent rental increases and four, five year options to renew with the same 10 percent increases. The tenant is an established accounting firm that has worked in and around the Dallas market for more than 20 years. The property is well positioned in an affluent neighborhood directly off of Highway 75 with traffic counts exceeding 250,000 vehicles per day. Nearby retailers include Firestone, Chase Bank, T.J. Maxx, Chevron and 7-Eleven, Payless Shoes, McDonald’s and Jack In The Box. The tenant is currently remodeling the property and the outside will look similar to Frank Lloyd Wright architecture when finished. FUTURE BUILDING REMODEL RENDERING | This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. 04 investment overview investment highlights ABSOLUTE NET COMPLETE New 20-Year Absolute Net Lease. No Landlord Responsibilities Whatsoever. EXTREMELY DENSE TRAFFIC R EMO D E L Property is Undergoing a Complete Remodel. Sale Leaseback Transaction to help Fund Part of the Remodel. AREA DALLAS/FT WORTH MSA Nearby Traffic Counts on Highway 75 exceeds 250,000 Vehicles Per Day. Located Just 15 Miles North of Dallas and Included in the Dallas / Ft. Worth MSA, the Largest MSA in the South with a Population that Exceeds 6.5 Million People. ST R ONG EXCELLENT RENTAL INCREASES 10 Percent Rent Increases Every Five Years and in Option Periods. E ST A B L I S H E D TENANT Lease is with Soffitec, Inc., an Accounting Firm with Successful Operations of More than 20 Years. VISIBILIT Y Located just off of Highway 75, South Central Expressway Travelling Directly into Dallas to the South. AFFLUENT NEIGHBORHOOD Average Household Incomes Within Five Miles of the Property Exceed $83,000 per Year. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. 05 floor plan This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. 06 rent roll A BSOLUTE NET; 10% RENTAL INCREASES TENANT INFO TENANT NAME Soffitec, Inc. SIZE 9,864 LEASE TERMS COMMENCEMENT DATE 9/01/2015 LEASE EXPIRATION 8/31/2035 CURRENT RENT ANNUAL BASE RENT $151,125 RENT/SF/YR $15.32 RENT INCREASES DATE ANNUALLY 9/01/2020 9/01/2025 9/01/2030 9/01/2035 (Option 1) 9/01/2040 (Option 2) 9/01/2045 (Option 3) 9/01/2050 (Option 4) $166,237 $182,861 $201,147 $221,262 $243,388 $267,727 $294,500 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. OPTIONS OTHER LEASE TYPE (4) 5 Yr Absolute NNN 07 traffic counts N w E *CoStar 2012 251,335 - South Central Expressway 2012 33,217 - East Main Street 201 w. kaufman street, richardson, texas, 75081 | ent w. belt line rd. s. c w. belt line rd. ral exp y- hw y7 5 S retail map mcdonalds e. m man st st s st auf ain s t. e. belt line rd. exa w. k olk s. t e. p e. polk st w. p hil lips auf man s t. s t. e. phillips st. s. t exa s st s. ce nt ra le xp y- hw y7 5 e. k Sh er ma nS tr ee t Chapman, hext & Co, P.C. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. 08 area maps location U.S. Highway 75 (North Central Expressway) bisects Richardson, Texas from south to north, and reports daily t r a f f i c c o u n t s a t o v e r 250, 000 v e h i c l e s . T e x a s S t a t e Highway 190 (President George Bush Turnpike) borders the north and Interstate 635 (Lyndon B. Johnson Freeway) borders the south. The city has more Dallas Area Rapid Transit (DART) rail stations than any other Dallas area suburb. The four stations are strategically located for commuters working and residing in close proximity to the Telecom Corridor area. SOFFITEC, INC 201 W KAUFMAN STREET TULSA NASHVILLE OKLAHOMA CITY MEMPHIS ALBUQUERQUE NEW, MEXICO LITTLE ROCK LUBBOCK BIRMINGHAM DALLAS FORT WORTH SHREVEPORT JACKSON NEW ORLEANS AUSTIN This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. HOUSTON SAN ANTONIO HOUSTON 09 major employers | demographics Click On Business Name To Learn More employees *Sourced from MapNet, Marcus & Millichap E isemann C enter for P erforming A rts R ichardson , T exas Air Liquide Electronics US LP 42,300 Texas Instruments Incorporated 32,209 Richardson Ind Schl Dst 4,500 Medsynergies North Texas Inc 3,300 Dynacare Laboratories Inc 3,000 Monarch Dental Corp 1,800 Trailblazer Health Entps LLC 1,200 Vce Company LLC 1,000 City of Richardson 900 Restland Funeral Home Inc 819 5 MILES household INCOMES 2014 | 1 Miles 3 Miles 5 Miles AVERAGE $70,477 $73,785 $83,406 MEDIAN $56,355 $50,016 $52,891 3 MILES 1 MILES population | 1 Miles 3 Miles 5 Miles 2010 9,879 134,131 350,833 2014 10,785 140,799 369,588 2019 10,806 140,753 374,135 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. RICHARDSON SOFFITEC, INC 201 W KAUFMAN STREET 10 area overview r i c ha rdson T E X A S Spanning 28 square miles and nestled just 15 miles north of downtown Dallas, Richardson is located within minutes of all the amenities of Dallas Fort Worth. The City of Richardson has been recognized for its economic stability and strong fiscal management by credit rating agencies, with both Standard and Poor’s and Moody’s giving the city their highest ratings. Known nationally as the Telecom Corridor®, which is home to over 500 high tech and telecommunications companies, today, Richardson has also found its place as a sophisticated, modern suburb featuring award winning family festivals, nationally ranked championship golf courses, 30 beautiful parks, more than 40 miles of hike and bike trails and the Charles W. Eisemann Center for the Performing Arts. while still offering the appeal, advantages and entertainment of the D/FW Metroplex. A ride on the Dallas Area Rapid Transit system (DART), which runs through the heart of the city, makes it easy for visitors to take in the sights or to step out of the city to one of the many surrounding points of interest such as sporting arenas, shopping malls and museums. Plus, Richardson is just a few minutes drive from DFW International and Love Field airports and has easy access to major highways and thoroughfares. The Dallas Area Rapid Transit (DART) started construction on three light rail stations for the city in the late 1990s, and they now have four DART stations in Richardson, along US 75 at Spring Valley, Arapaho, Galatyn Park, and the President George Bush Turnpike (190). Richardson has the benefit of being able to offer one-on-one, small-town customer service and warm Texas hospitality, Bishops Arts District, Dallas, Texas | AT&T Stadium, Arlington, Texas | Dallas Arboretum and Botanical Gardens, Dallas, Texas | This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. 11 Historic ‘Old Red Courthouse’ - Dallas, Texas confidentiality disclaimer The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. 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. Marcus & Millichap 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, PCBs 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, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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 YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. 12 Downtown Dallas, Texas | CONTACT Joseph P. Blatner V ice P resident of I nvestments [email protected] 503.200.2029 Timothy Speck B roker of R ecord - D allas , T exas www.NetLeasedRetail.com www.MarcusMillichap.com