Value Add Shopping Center - Vision Commercial Real … $920.00 Parking Lot $680.00 Security...
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SPACES AVAILABLE: -Space for retail or office -1,144 sf HIGHLIGHTS: -VALUE ADD, HARD CORNER RETAIL CENTER -Across from Quick Sak C-Store & Gas -Hard Corner intersection meets White Settlement Rd. -VERY Aggressive Landlord LOCATION: -SWC of White Settlement Rd. and S. Las Vegas Trail -½ mile East Loop 820W Value Add Shopping Center 100 S Las Vegas Trail White Settlement, TX 76108 FOR SALE/ LEASE ASKING: $650,000 ($113.63 PSF) $11.00 PSF + NNN (Est. Nets - $3.03) 817-803-3287 Mike Tran 817-501-0024 [email protected] www.visioncommercial.com
Transcript of Value Add Shopping Center - Vision Commercial Real … $920.00 Parking Lot $680.00 Security...
SPACES AVAILABLE:
-Space for retail or office -1,144 sf
HIGHLIGHTS:
-VALUE ADD, HARD CORNER RETAIL CENTER -Across from Quick Sak C-Store & Gas -Hard Corner intersection meets White Settlement Rd.
-VERY Aggressive Landlord
LOCATION:
-SWC of White Settlement Rd. and S. Las Vegas Trail -½ mile East Loop 820W
Value Add Shopping Center
100 S Las Vegas Trail White Settlement, TX 76108
FOR SALE/ LEASE
ASKING: $650,000
($113.63 PSF)
$11.00 PSF + NNN (Est. Nets - $3.03)
817-803-3287
Mike Tran
817-501-0024
www.visioncommercial.com
Demographics (STDBonline.com 2017)
1 Mile 2 Mile 3 Mile 5 Mile Population 11,793 36,468 62,468 137,861
Employees 3,407 11,574 31,787 59,849
Average HH Income $61,430 $60,687 $64,806 $71,387 2017-2022 Annual Rate 2.90% 2.66% 2.78% 2.58%
Traffic Counts (STDBonline.com 2009)
White Settlement Rd 11,350 VPD
Retail/Office on High Traffic Corner SWC of White Settlement Rd and S Las Vegas Trail
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial RE DFW, LLC.
The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-501-0024 www.visioncommercial.com
Mike Tran [email protected]
Area Retail Map
White Settlement Police Dept.
West Elem. School
Retail/Office on High Traffic Corner SWC of White Settlement Rd and S Las Vegas Trail
Expense Summary
Total Expense Breakdown Current 2018 Pro-Forma
Total CAM $10,133 $9,825
Insurance $5,619 $5,619
Property Taxes $10,864 $11,299
Total Expenses $26,617 $26,744
Total Expense Breakdown PSF (NNN) PSF (NNN)
Total CAM $1.77 $1.72
Insurance $0.98 $0.98
Property Taxes $1.90 $1.98
Total Expenses $4.65 $4.68
NOI Breakdown Current 2018 Pro-Forma
Gross Income $28,707 $85,754
Total Expenses $26,617 $26,744
NOI $2,090 $59,010
PRICE NOW Proforma @ 100%
Occ.
$650,000 0.32% 9.08%
Property Information Price $650,000
Price per Square Foot (GLA) $113.64
Net Operating Income $2,090
CAP - Current 0.32%
CAP - Pro-Forma 9.08%
Total Suites 5
Tenants 2
Occupancy 40%
Gross Leasable Area (GLA) 5,720
Lot Size (Acres) 0.43 Acres
Year Built/Renovated 1986 / 2016
Retail/Office on High Traffic Corner SWC of White Settlement Rd and S Las Vegas Trail
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial RE DFW, LLC.
The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-501-0024 www.visioncommercial.com
Mike Tran [email protected]
Expense Overview
Expense Breakdown Total
Total CAM $1.77 $9,825.46
Insurance $0.98 $5,619.33
Property Taxes $1.90 $11,299.04
Total Operating Expenses
$4.65 $26,743.82
Operating Expenses
Administrative
Management Fees $1,000.00
Professional Fees $0.00
Office Supplies & Expense $0.00
Non-Recover Owner Exp $0.00
Miscellaneous Expense $0.00
Total Administrative Expense $1,000.00
Utilities
Electricity - C.A.M. $2,068.20
Water & Sewer - C.A.M. $0.00
Water & Sewer - Tenant $0.00
Total Utilities $2,068.20
Repair & Maintenance
Roof $650.00
Electrical $0.00
Signs $0.00
Plumbing $0.00
Keys & Locks $0.00
Miscellaneous R & M $0.00
Total Repair & Maintenance $650.00
Common Area Maintenance
Landscaping $920.00
Parking Lot $680.00
Security $1,550.00
Fire Protection $270.63
Trash Removal $0.00
Exterior Maintenance & Porter $540.00
Miscellaneous CAM $2,454.38
Total Commom Area $6,415.01
TOTAL CAM $10,133.21
Insurance $5,619.33
Ad Valorem Taxes $10,864.46
Total Operating Expenses $26,617.00
Retail/Office on High Traffic Corner SWC of White Settlement Rd and S Las Vegas Trail
Rent Roll
Ste Space Size (SF)
Lease Start
Lease Exp
Net Base PSF
Net Base Rent
Rent Per Mo
Exp Paid PSF
Gross PSF
TOTAL EXP
Reimb
TOTAL INCOME
100A Boost Mobile 1,144 12/11/08 1211/18 $11.00 $12,584 $12,584 $4.00 $22.01 $4,576 $17,160
100B Cash
Advance 1,144 08/01/17 07/31/22 $5.44 $6,223 $1,842 $4.00 $7.06 $4,576 $10,799
100C 1,144
100D 1,144
100E 1,144
Total Vacant 60 %
Gross Income $27,959
Total Occupied 40%
Rentable GLA
5,720
**Cash Advance: Rent bumps after Year 1, Year 2: $1000/MO, Year 3:$1,100/MO, Year 4: $1,300/MO, Year 5: 1,400/MO
Retail/Office on High Traffic Corner SWC of White Settlement Rd and S Las Vegas Trail
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial RE DFW, LLC.
The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-501-0024 www.visioncommercial.com
Mike Tran [email protected]
Retail/Office on High Traffic Corner SWC of White Settlement Rd and S Las Vegas Trail
Site Plan
Bo
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Suite Status SF Tenant
100A OCCUPIED 1,144 Boost Mobile
100B OCCUPIED 1,144 Cash Advance & Tax
100C AVAILABLE 1,144 Open Retail Space
100D OCCUPIED 1,144 LEARNING WELL ACADEMY
100E OCCUPIED 1,144 LEARNING WELL ACADEMY
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial RE DFW, LLC.
The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-501-0024 www.visioncommercial.com
Mike Tran [email protected]
1,144 sf 1,144 sf 1,144 sf
Retail/Office on High Traffic Corner SWC of White Settlement Rd and S Las Vegas Trail
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial RE DFW, LLC.
The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-501-0024 www.visioncommercial.com
Mike Tran [email protected]
INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate license holders 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.
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 confidential 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. Vision Commercial RE DFW LLC 9006752 [email protected] 817-803-3287 Broker Firm Name License No. Email Phone
Roger Smeltzer, Jr. 560209 [email protected] 817-803-3287 Designated Broker of Firm License No. Email Phone
Roger Smeltzer, Jr. 560209 [email protected] 817-803-3287 Licensed Supervisor of Sales Agent/Associate License No. Email Phone
Son-Michael Tran 669326 [email protected] 817-501-0024 Sales Agent/Associate’s Name License No. Email Phone
__________________________________ ______________ Buyer/Tenant/Seller/Landlord Date
Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov
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