BBVA Compass Bank Ground Lease 14620 Huebner Road San ...
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This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. BBVA Compass Bank Ground Lease 14620 Huebner Road – San Antonio, TX ▪ BBVA Compass Bank (NYSE: BBVA) | S&P: BBB ▪ $77 million in deposits ▪ Absolute NNN Ground Lease ▪ Near Bank of America, Wells Fargo, Walgreens, Chase Bank, McDonald’s, Dollar Tree, and Planet Fitness ▪ Just off major intersection ▪ Average household income within a one mile radius is $122,159 ▪ Dense trade area with 248,227 population in 5 miles Actual Property Phone: 212.686.0072 Fax: 212.686.0078 [email protected] w ww.exp1031.com Price: $1,139,048 | NNN Ground Rent: $59,800 | CAP:5.25%
Transcript of BBVA Compass Bank Ground Lease 14620 Huebner Road San ...
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
BBVA Compass Bank Ground Lease
14620 Huebner Road – San Antonio, TX
▪ BBVA Compass Bank (NYSE: BBVA) | S&P: BBB
▪ $77 million in deposits
▪ Absolute NNN Ground Lease
▪ Near Bank of America, Wells Fargo, Walgreens, Chase Bank, McDonald’s, Dollar Tree, and Planet Fitness
▪ Just off major intersection
▪ Average household income within a one mile radius is $122,159
▪ Dense trade area with 248,227 population in 5 miles
Actual Property
Phone: 212.686.0072Fax: [email protected]
Price: $1,139,048 | NNN Ground Rent: $59,800 | CAP: 5.25%
BBVA Compass Bank
Investment Overview
PROPERTYOVERVIEW:EXP Realty Advisors is pleased to exclusively present the opportunity to acquire ownership of a Compass Bank Ground Leaselocated in San Antonio, TX with over $77 million in deposits. The tenant recently exercised the first of its six 5 year options.The property is situated to the west of McDonald’s and Wells Fargo Bank, and across from Chase Bank, Sonic Drive-In, andWalgreens. Planet Fitness, Dollar Tree, and Edward Jones are nearby. The building is 3,087 sf with a 1,200 sf canopy locatedon .90 acres just off the intersection of NW Military Highway and Huebner Rd.
The subject site has excellent visibility along Huebner Road (21,154 VPD), which intersects with NW Military Hwy (17,978VPD). The 5-mile trade area is supported by a population of approximately 248,227 with an average household income of$80,344. Compass Bank is well positioned to benefit from this dense retail trade area and affluent surrounding community.
LOCATIONOVERVIEW:San Antonio is the seventh-most populated city in the United States and the second-most populous city in the state ofTexas, with a population of 1,409,019. It was the fastest growing of the top 10 largest cities in the United States from 2000to 2010, and the second fastest growing city from 1990 to 2000. The city straddles South Texas and Central Texas and is onthe southwestern corner of an urban megaregion known as the Texas Triangle.
LEASE SUMMARY:Base Lease Term: 20 yearsRemaining Lease Term: First option commences on June 1st 2017 for 5 years (1st Option)First Option Expiration Date: May 31, 2022NNN Ground Rent in First Option: $59,800 (May adjust slightly based on CPI-U for April and May 2017)Escalations in Options: Rent escalates by the increase in CPI-U over the proceeding 60 monthsLease Type: Absolute Triple Net Ground LeaseRemaining Options: 5 (5) Year options with CPI-U based escalations in each option
TENANT OVERVIEW: BBVA Compass Bank (NYSE: BBVA)| S&P: BBB+BBVA Compass offers innovative and industry-leading products and services with a focus on providing customers withfinancial solutions to fit their lives. BBVA Compass is a Sunbelt-based financial institution that operates 712 branchesincluding 374 in Texas, 93 in Alabama, 65 in California, 78 in Arizona, 45 in Florida, 36 in Colorado and 21 in New Mexico.BBVA Compass ranks among the top 20th largest U.S. commercial banks based on deposit market share and ranks amongthe largest banks in Texas (4th), Alabama (3rd), and Arizona (5th). BBVA Compass is a subsidiary of Compass Bancshares, Inc. awholly-owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a financial services group with approximately $771billion in total assets, $4.95 billion in net income, 48 million clients, 7,400 branches, and approximately 110,300 employeesin more than 30 countries.
INVESTMENT SUMMARY
Price: $1,139,048
CAP Rate: 5.25%
NNN Ground Rent: $59,800
GLA: 3,087 sf buildingwith a 1,200 sf canopy
Land Size: .9 acres
Year Built: 1997
Lease Type: Ground Leasefee interest
Escalations: Increase inCPI-U for the proceeding 60 months
INVESTMENTOVERVIEWThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
BBVA Compass Bank
Aerial
AERIALThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
also for sale
BBVA Compass Bank
Bank Competition Aerial
BANK COMPETITION
AERIALThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
$77 million in deposits
$29 million in deposits
$38 million in deposits
BBVA Compass Bank
Location Map
LOCATION MAPThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
BBVA Compass Bank
Demographic Data
Radius 1 Mile 3 Mile 5 Mile
Population:
2021 Projection 11,178 116,032 270,619
2016 Estimate 10,271 106,497 248,227
2010 Census 9,081 93,473 217,004
Growth 2016-2021 8.83% 8.95% 9.02%
Growth 2010-2016 13.10% 13.93% 14.39%
2016 Population Hispanic Origin 3,004 43,020 107,822
2016 Population by Race:
White 9,592 93,347 210,288
Black 190 5,258 14,765
Am. Indian & Alaskan 49 831 2,335
Asian 248 4,483 14,665
Hawaiian & Pacific Island 7 126 378
Other 184 2,452 5,796
U.S. Armed Forces: 36 411 701
Households:
2021 Projection 4,432 51,949 117,258
2016 Estimate 4,081 47,735 107,620
2010 Census 3,657 42,234 94,503
Growth 2016 - 2021 8.60% 8.83% 8.96%
Growth 2010 - 2016 11.59% 13.03% 13.88%
Owner Occupied 3,428 22,535 47,840
Renter Occupied 652 25,200 59,780
2016 Avg Household Income $122,529 $90,506 $80,334
2016 Med Household Income $92,323 $60,840 $55,367
2016 Households by Household Inc:
<$25,000 397 8,883 24,389
$25,000 - $50,000 590 10,807 25,186
$50,000 - $75,000 719 8,468 18,179
$75,000 - $100,000 482 5,424 12,351
$100,000 - $125,000 462 3,824 8,086
$125,000 - $150,000 334 1,998 4,873
$150,000 - $200,000 381 3,637 6,788
$200,000+ 715 4,692 7,769
Contact Us
EXP Realty Advisors52 Vanderbilt Ave
Suite 2014New York, NY 10017www.exp1031.com
Our Team
Robert JamesPresident
Phone: (212) 686-0072E-mail: [email protected]
Dan De Sa’Director of Sales
Phone: (212) 972-3947E-mail: [email protected]
In association with TexasRE Broker License
#9002835
DEMOGRAPHICSThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
