For Sale - LoopNet€¦ · For Sale Conroe Plaza 1906 N. Frazier Street Conroe, Texas 77301....

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Hunington Properties, Inc. 3773 Richmond Ave., Suite 800 Houston, Texas 77046 713-623-6944 hpiproperties.com For Sale Conroe Plaza 1906 N. Frazier Street Conroe, Texas 77301

Transcript of For Sale - LoopNet€¦ · For Sale Conroe Plaza 1906 N. Frazier Street Conroe, Texas 77301....

Page 1: For Sale - LoopNet€¦ · For Sale Conroe Plaza 1906 N. Frazier Street Conroe, Texas 77301. EXECUTIVE SUMMARY Sale Price $6,000,000.00 CAP Rate: 7.88% Building Size 59,236 SF Lot

Hunington Properties, Inc.3773 Richmond Ave., Suite 800 Houston, Texas 77046

713-623-6944hpiproperties.com

For Sale

Conroe Plaza 1906 N. Frazier StreetConroe, Texas 77301

Page 2: For Sale - LoopNet€¦ · For Sale Conroe Plaza 1906 N. Frazier Street Conroe, Texas 77301. EXECUTIVE SUMMARY Sale Price $6,000,000.00 CAP Rate: 7.88% Building Size 59,236 SF Lot

EXECUTIVE SUMMARY

Sale Price $6,000,000.00

CAP Rate: 7.88%

Building Size 59,236 SF

Lot Size Approx. 5 Acres

Year Built / Renovated 1970 / 2015

DEMOGRAPHICS

Total Population(2017)

1 mile: 16,4063 mile: 57,227 5 mile: 78,782

Average HH Income1 mile: $49,923 3 mile: $68,0115 mile: $73,002

Traffic Count Loop 336: 22,000 VPDInterstate 45: 116,000 VDP

AREA RETAILERS

Hunington Properties, Inc.3773 Richmond Ave., Suite 800•Houston, Texas 77046•713-623-6944 hpiproperties.com

For More Information

Todd Carlson Principal [email protected]

The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change.

CONROE PLAZA1906 N. Frazier St., Conroe, Texas 77301

For Sale

Page 3: For Sale - LoopNet€¦ · For Sale Conroe Plaza 1906 N. Frazier Street Conroe, Texas 77301. EXECUTIVE SUMMARY Sale Price $6,000,000.00 CAP Rate: 7.88% Building Size 59,236 SF Lot

For Sale

The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties or by any agent, independent associate, subsidiary or employee of Hunington Properties This information is subject to change.

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For SaleTENANT OVERVIEWS

Boot BarnFrom the humble beginnings of a family run storefront, to over 200 stores in 29 states, Boot Barn® epitomizes the American dream of hard work, honesty and value. When founder Ken Meany opened that very first store little did he realize that his vision and values would help drive what Boot Barn® is today. Even though we are a much larger company, we still embrace the down-home honesty that a family run business represents. From California to Florida, from North Dakota to Texas and Louisiana, we work hard to make sure every Boot Barn® gives you the same personal experience that Ken started years ago.

At Boot Barn®, we honor America’s heritage -- our heritage. We believe in quality products and good value. And we’ve stocked our shelves with qual-ity western and work gear for you and your family. More than 8,000 styles of boots, jeans, shirts, hats, belts, jewelry and more. All the latest styles from the brands you trust like Wrangler, Ariat, Justin, Carhartt, Dan Post, Resistol, Montana Silversmith and many, many more.

Planet Fitnesswww.planetftiness.com | NYSE: PLNT Founded in 1992 in Dover, N.H., Planet Fitness (NYSE: PLNT) is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With more than 1,500 locations in 50 states, the District of Columbia, Puerto Rico, Canada, and the Dominican Republic, Planet Fitness’ mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness stores are owned and operated by independent business men and women. The Health club’s store has grown from 606 locations at the end of 2012, reflecting a compound annual growth rate of over 21%, while its active members from 3.7 million at the end of 2012, reflecting a growth rate of over 24%. By the end of 2016, the company’s franchisees had signed Area Development Agreements to open more than 1,000 additional stores over the next 5 years. In, 2016, Planet Fitness generated total revenue of $378.2 million and earnings of $150.6 million. This performance comes on the heels of an impressive 40 consecutive quarters of system-wide same store sales growth, showing that Planet Fitness is growing revenues organically, and doing more than just opening new stores to generate sales growth.

Aranda’s BakeryArandas Bakery is the authentic Mexican bakery in Houston making delicious, traditional sweet bread, specialty cakes, and other bakery products from scratch daily.Arandas Bakery is part of the Arandas Franchises that include 30 taquerias, 5 bakeries and 2 fish houses in the Houston, metropolitan area comes from a strong, deep tradition of delicious and authentic Mexican pastries and desserts. Through the years we have used our traditional recipes that come from the depths of Mexico. Our name, Arandas, comes from the small town name of Arandas in the state of Jalisco, which is about 140 kilometers East of Guadalajara. This is where our family is from, and where our traditions began.

Page 5: For Sale - LoopNet€¦ · For Sale Conroe Plaza 1906 N. Frazier Street Conroe, Texas 77301. EXECUTIVE SUMMARY Sale Price $6,000,000.00 CAP Rate: 7.88% Building Size 59,236 SF Lot

For Sale

The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties , or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change.

Page 6: For Sale - LoopNet€¦ · For Sale Conroe Plaza 1906 N. Frazier Street Conroe, Texas 77301. EXECUTIVE SUMMARY Sale Price $6,000,000.00 CAP Rate: 7.88% Building Size 59,236 SF Lot

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, 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.

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 informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon 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 wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon 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 wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen 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 instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng 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 transacƟon 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 duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon 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 noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

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

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Hunington Properties, Inc. 454676 [email protected] 713.623.6944