Tilted Kilt OM - LoopNet...SVN Creviston Realty, Inc. presents to qualifiedinvestors : Tilted Kilt®...
Transcript of Tilted Kilt OM - LoopNet...SVN Creviston Realty, Inc. presents to qualifiedinvestors : Tilted Kilt®...
SVN | CREVISTON REALTY, INC. | 10929 CRABAPPLE ROAD, SUITE 201, ROSWELL, GA 30075 OFFERING MEMORANDUM
TILTED KILT SANANTONIO2070 NE LOOP 1604SAN ANTONIO, TX 78232
Jeff Hammond, MPADirector of Retail [email protected]
Tony RoubikManaging [email protected]
1 PROPERTYINFORMATION
2070 NE Loop 1604San Antonio, TX 78232
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 2
OFFERING SUMMARY
Sale Price: $3,214,000
Cap Rate: 7.0%
NOI: $225,000
Lot Size: 1.436 Acres
Year Built: 2000
Building Size: 6,688 SF
Renovated: 2018
Zoning: C3
Market: San Antonio
Submarket: San Antonio
Price / SF: $480.56
SVN Creviston Realty, Inc. presents to qualified investors : Tilted Kilt® San Antonio, which offers a unique pub experiencethat sets them apart from their competition. Tilted Kilt is in the business of lifting spirits—one burger, one beer, one guestand one visit at a time exposure. Long term Lease, Tilted Kilt and Eatery is at the center of Growing retail corridorsurrounded by Kohls, Regal Cinemas, Hampton Inn, Marshals, Ross, Old Navy and More.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Remodeled September 2018
• 20 Year Lease bumps every 5 years by 7.5%
• Going in Cap 7.0%
• Average Cap 7.8%
• Exit Cap 8.7%
• Long Term Lease
• NNN Lease
• Average Daily Traffic Count 78,525
• Signage
Property Summary
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 3All SVN® offices are independently owned and operated.
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 4All SVN® offices are independently owned and operated.
SVN Creviston Realty, Inc. presents to qualified investors : Tilted Kilt® San Antonio, which offers a uniquepub experience that sets them apart from their competition. Tilted Kilt is in the business of liftingspirits—one burger, one beer, one guest and one visit at a time exposure. Long term Lease, Tilted Kilt andEatery is at the center of Growing retail corridor surrounded by Kohls, Regal Cinemas, Hampton Inn,Marshals, Ross, Old Navy and More.
PROPERTY OVERVIEW
Located at TX 1604 & TX 281Directly off Exit
LOCATION OVERVIEW
Property Description
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 5All SVN® offices are independently owned and operated.
SALE HIGHLIGHTS
• Remodeled September 2018
• 20 Year Lease bumps every 5 years by 7.5%
• Going in Cap 7.0%
• Average Cap 7.8%
• Exit Cap 8.7%
• Long Term Lease
• NNN Lease
• Average Daily Traffic Count 78,525
• Signage
Complete Highlights
INVESTMENT HIGHLIGHTS
Tilted Kilt Pub and Eatery, known as “The Best Looking Sports Pub You’ve EverSeen,” has 70+ units in operation throughout the U.S. and Canada, withadditional 20 pubs in various stages of development. Tilted Kilt is uniquelydifferent than other sports bars because of its fun pub experience. The pubsfeature dozens of large, HDTVs and big screens to show all the hottest sportingevents. Every Pub has 30+ draught and bottled beers along with excellenttasting, high quality menu items served to you by the World Famous Kilt Girls ®.The Tilted Kilt Girls and Guys are inviting and represent the comfortableatmosphere while simultaneously demonstrating a high level of service in theindustry. The brand’s slogan “A Cold Beer Never Looked So Good ®” personifiesthe Fun, Food, Spirits and Sports that the Tilted Kilt is well-known for bringing topub guests in both the United States and Canada. here...
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 6All SVN® offices are independently owned and operated.
Investment Highlights
OFFERING DETAILS
Purchase Price: $3,214,000
Cap Rate: 7 %
Average Cap Rate: X%
Land Size 1.43 AC
Building Size 6,700 SF
Building Age: 18 Years
Access: Directly off 1604 Loop
Parking: 60
Traffic Counts: 78,272
LEASE DETAILSLease Type: NNN
Lease Term: 20 Years
Commencement Date:
Expiration Date:
Renewal Options:
Annual Base Rent: $225,000
Rent Increases: Every 5 years by 7.5%
Tenant Guarantor: Tilted Kilt
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 7All SVN® offices are independently owned and operated.
Investment Summary
2 LOCATIONINFORMATION
2070 NE Loop 1604San Antonio, TX 78232
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 8
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 9All SVN® offices are independently owned and operated.
Tilted Kilt San Antonio
Regional Map
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 10All SVN® offices are independently owned and operated.
Location Maps
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 11All SVN® offices are independently owned and operated.
Tilted Kilt San Antonio
Aerial Map
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 12All SVN® offices are independently owned and operated.
Retailer Map
3 FINANCIALANALYSIS
2070 NE Loop 1604San Antonio, TX 78232
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 13
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 14All SVN® offices are independently owned and operated.
INVESTMENT OVERVIEW
Price $3,214,000Price per SF $480.56CAP Rate 7.0%Cash-on-Cash Return (yr 1) 23.34 %Total Return (yr 1) $225,000Debt Coverage Ratio -
OPERATING DATA
Gross Scheduled Income $225,000Other Income -Total Scheduled Income $225,000Vacancy Cost $0Gross Income $225,000Operating Expenses -Net Operating Income $225,000Pre-Tax Cash Flow $225,000
FINANCING DATA
Down Payment $964,200Loan Amount $2,249,800Debt Service -Debt Service Monthly -Principal Reduction (yr 1) -
Financial Summary
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 15All SVN® offices are independently owned and operated.
INCOME SUMMARY PER SF
Rent $225,000 $33.64
Gross Income $225,000 $33.64
EXPENSE SUMMARY PER SF
Gross Expenses - -
Net Operating Income $225,000 $33.64
Income & Expenses
4DEMOGRAPHICS
2070 NE Loop 1604San Antonio, TX 78232
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 16
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 17All SVN® offices are independently owned and operated.
1 MILE 3 MILES 5 MILES
Total population 9,401 71,624 186,107
Median age 33.4 37.6 36.0
Median age (male) 34.7 36.5 35.0
Median age (female) 32.6 38.3 36.8
Total households 3,816 28,190 70,944
Total persons per HH 2.5 2.5 2.6
Average HH income $79,429 $93,061 $95,531
Average house value $213,126 $215,785 $246,782
* Demographic data derived from 2010 US Census
Demographics Report
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 18All SVN® offices are independently owned and operated.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 9,401 71,624 186,107
Median age 33.4 37.6 36.0
Median age (male) 34.7 36.5 35.0
Median age (Female) 32.6 38.3 36.8
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 3,816 28,190 70,944
# of persons per HH 2.5 2.5 2.6
Average HH income $79,429 $93,061 $95,531
Average house value $213,126 $215,785 $246,782
* Demographic data derived from 2010 US Census
Demographics Map
5 ADVISOR BIOS2070 NE Loop 1604
San Antonio, TX 78232
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 19
10929 Crabapple Road, Suite 201Roswell, GA 30075T 210.889.6819C [email protected]
PROFESSIONAL BACKGROUND
Jeff Hammond has over 20 years’ experience in the sale, investment, development and property management of commercial and residential real estate. He has a strong
entrepreneurial drive and focuses on the bottom-line while being ever mindful of providing stellar service to clients.
Jeff gained his early business experience with UPS, the global leader in logistics, packaging & specialized transportation. Here he made significant contributions as a ‘change agent’
improving efficiencies, reducing costs & driving quality.
Jeff’s commercial real estate sales and marketing expertise lie in his ability to build strong client relationships, ensure quality service and negotiate the best terms possible to close
transactions. Jeff’s colleagues recognize his entrepreneurial spirit and refer to him as ‘The Bulldog’ and ‘Mr. Networker’. These unique skill sets have enabled him to become a top
performer in marketing commercial real estate and a leader in the sale of office, retail and industrial space.
Jeff has represented large national accounts and focused on retail investments. Key accounts comprised of nationally recognized corporations including Dairy Queen, Popeyes, Tilted
Kilt, Dunkin Donuts, Steak 'N Shake, Allstate, American Family Insurance, Tower Loans, 607 Investments and more. He has Increased sales revenue 100% as forecasted
year-over-year (2013 compared to 2012).
Also, Jeff serves as a real estate consultant for 607 Investments. 607 Investments takes retail financing and construction of a QSR's land and building ONE GIANT step beyond the
norm. They provide an ALL N ONE solution that takes the banks, personal monies, and cost over runs, out of a franchisees' vocabulary. Check out www.607investments.com.
Jeff is an active member of numerous real estate associations, is a CCIM Candidate, and was elected as the 2013 President of the St. Charles Real Estate Association in St. Charles,
MO.
EDUCATION
University of North Carolina Charlotte
• Bachelor’s in Political Science • Master of Public Administration
• Mike Lipsey School of Real Estate
• Dale Carnegie School of Excellence
• Andrew Lacey Group Real Estate Coaching
• Over 1,000 hours in real estate classroom training
MEMBERSHIPS & AFFILIATIONS
Licensed Real Estate Broker in Georgia, Florida, Missouri and Illinois Professional with over 20 years helping clients with their Commercial Real Estate needs.
Professional Affiliations
• International Council of Shopping Centers Member
• Certified Commercial Investment Member, Candidate (CCIM)
• Missouri Association of Commercial Realtors
• National Association of Realtors
• St. Charles Association of Realtors - Served as President-Elect - Commercial Board of Directors Member
• Congressional Awareness Committee Member
JEFF HAMMOND, MPA
Director Of Retail Services
TILTED KILT SAN ANTONIO | 2070 NE LOOP 1604 SAN ANTONIO, TX 78232 SVN | Creviston Realty, Inc. | Page 20All SVN® offices are independently owned and operated.
10929 Crabapple Road, Suite 201Roswell, GA 30075
210.889.6819www.svn.com
All SVN® Offices Independently Owned & Operated | 2018 All Right Reserved
SVN | AVR Commercial Real Estate Services9208 Cardwell,
Houston, TX 77055713.858.1144
www.svn.com