day) sycamore school road (27,381 cars / day)
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EXP DALLAS
214.522.7200
JOE CAPUTO
joe@exp1031.com
BOB MOORHEAD
bob@exp1031.com
property. 6,500 SF+ 2-tenant building originally built in 1996 on 0.69+ acres. Fully renovated in 2013.
tenant mix / lease structure. Brand new, 10-year net leases beginning in 2013. Building is leased to SmileBest Dental and TitleMax. SmileBest Dental
operates over 200 locations. TitleMax currently has over 700 locations in 12 states.
location. The subject property is located at the intersection of Sycamore School Road (27,381 Cars / Day) and McCart Avenue (35,377 Cars / Day). The site
shares this intersection with a Walmart Supercenter and an Aldi supermarket that opened in the Spring of 2010. Albertsons, Walgreens, Dollar Tree, DD’s
Discounts, Cato Fashions, GNC, UPS Store, Wingstop, Exxon, Payless Shoesource, BBVA Compass Bank, and Taco Bell are also located at this intersection.
The subject property is 1.2-miles south of a shopping center anchored by Office Depot and LA Fitness at the Altamesa Boulevard and McCart Avenue intersection.
EXCLUSIVE OFFERING | $2,458,000 / 7.00% CAP
SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
Alamo Self-Storage
Sycamore School Road (27,381 Cars / Day)
McC
art
Ave
nu
e (3
5,37
7 C
ars
/ Day
)
Christ
United
Methodist
Church
EXP Realty Advisors, Inc. (“Agent”) has been engaged as an agent for the sale of the
property located at 3411 Sycamore School Road, Fort Worth, TX by the owner of the
Property (“Seller”). The Property is being offered for sale in an “as-is, where-is” condition
and Seller and Agent make no representations or warranties as to the accuracy of the
information contained in this Offering Memorandum. The enclosed materials include highly
confidential information and are being furnished solely for the purpose of review by
prospective purchasers of the interest described herein. The enclosed materials are being
provided solely to facilitate the prospective investor’s own due diligence for which it shall be
fully and solely responsible. The material contained herein is based on information and
sources deemed to be reliable, but no representation or warranty, express or implied, is
being made by Agent or Seller or any of their respective representatives, affiliates, officers,
employees, shareholders, partners and directors, as to the accuracy or completeness of the
information contained herein. Summaries contained herein of any legal or other documents
are not intended to be comprehensive statements of the terms of such documents, but
rather only outlines of some of the principal provisions contained therein. Neither the Agent
nor the Seller shall have any liability whatsoever for the accuracy or completeness of the
information contained herein or any other written or oral communication or information
transmitted or made available or any action taken or decision made by the recipient with
respect to the Property. Interested parties are to make their own investigations, projections
and conclusions without reliance upon the material contained herein. Seller reserves the
right, at its sole and absolute discretion, to withdraw the Property from being marketed for
sale at any time and for any reason. Seller and Agent each expressly reserves the right, at
their sole and absolute discretion, to reject any and all expressions of interest or offers
regarding the Property and/or to terminate discussions with any entity at any time, with or
without notice. This offering is made subject to omissions, correction of errors, change of
price or other terms, prior sale or withdrawal from the market without notice. Agent is not
authorized to make any representations or agreements on behalf of Seller. Seller shall
have no legal commitment or obligation to any interested party reviewing the enclosed
materials, performing additional investigation and/or making an offer to purchase the
Property unless and until a binding written agreement for the purchase of the Property has
been fully executed, delivered, and approved by Seller and any conditions to Seller’s
obligations hereunder have been satisfied or waived. By taking possession of and
reviewing the information contained herein, the recipient agrees that (a) the enclosed
materials and their contents are of a highly confidential nature and will be held and treated
in the strictest confidence and shall be returned to Agent or Seller promptly upon request;
and (b) the recipient shall not contact employees or tenants of the Property directly or
indirectly regarding any aspect of the enclosed materials or the Property without the prior
written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be
copied or otherwise reproduced without the prior written authorization of Seller and Agent.
Disclaimer
PAGE 8: LOCATION OVERVIEW
PAGE 9-10: LOCATION MAPS
PAGE 11: DEMOGRAPHICS
Table of contents | Disclaimer SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEWS
PAGE 1: COVER
PAGE 2: TABLE OF CONTENTS | DISCLAIMER
PAGE 7: AERIAL PHOTO
PAGE 5: RENT ROLL
PAGE 6: SITE PLAN
PAGE 4: PROPERTY PHOTO
SMILEBEST DENTAL | www.smilebestdental.com
SmileBest Dental Centers offer general dentistry, cosmetic dentistry, and orthodontics at over 200 clinics in the U.S. The company opened its
first location in Texas in March 2012. Products and services include periodontics, endodontics, lumineers, implants, Invasalign, and Zoom
Whitening.
PREMIER DENTAL HOLDINGS
Lease is guaranteed by Premier Dental Holdings, Inc. Premier operates 13 locations and had over $48 million in revenue in 2012.
PRICE: $2,458,000
CAP RATE: 7.00%
NET OPERATING INCOME: $171,999 (December 2013)
BUILDING AREA: 6,500+ Square Feet
LAND AREA: 0.69+ Acres
YEAR BUILT / RENOVATED: 1996 / 2013
OWNERSHIP: Fee Simple Interest
OCCUPANCY: 100% (June 2013)
RENT COMMENCEMENT: TitleMax - April 2013
SmileBest – June 2013
Investment overview | TENANT OVERVIEW SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
3
Tenant overview
TITLEMAX | www.titlemax.biz
TitleMax, Inc. is a privately owned title lending business based in Savannah, Georgia. Since its founding in 1998 the company has more than
700 stores in 12 states including Alabama, Arizona, Florida, Georgia, Illinois, Mississippi¸ Missouri, Nevada, South Carolina, Tennessee, Texas,
Virginia. TitleMax serves individuals who generally have limited access to consumer credit from banks, thrift institutions, credit card lenders and
other traditional sources of consumer credit. TitleMax offers a title loan product which allows customers to meet their liquidity needs by borrowing
against the value of their vehicles while retaining use of their vehicle during the term of the loan.
4
PROPERTY PHOTO SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
5
Rent roll SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
ADJACENT RETAIL
Square Years Rent Rent Lease
Tenant Feet GLA Begin End Remain Begin Monthly PSF Annually PSF Type Options / Notes
SmileBest Dental 4,000 61% Jun-13 Jun-23 10 Jun-13 $0 $0.00 $0 $0.00 NN 3% Annual Rent Increases
Dec-13 $8,833 $2.21 $105,999 $26.50 Begininng June 2015
Jun-15 $9,100 $2.28 $109,200 $27.30 Options at Fair Market Value
Jun-16 $9,373 $2.34 $112,479 $28.12 Four (4) Five (5) Year Options
Jun-17 $9,653 $2.41 $115,839 $28.96
Jun-18 $9,943 $2.49 $119,319 $29.83
Jun-19 $10,240 $2.56 $122,880 $30.72
Jun-20 $10,546 $2.64 $126,560 $31.64
Jun-21 $10,863 $2.72 $130,359 $32.59
Jun-22 $11,190 $2.80 $134,281 $33.57
Option 1 Jun-23 TBD TBD TBD TBD
Option 2 Jun-28 TBD TBD TBD TBD
Option 3 Jun-33 TBD TBD TBD TBD
Option 4 Jun-38 TBD TBD TBD TBD
TitleMax 2,500 39% Feb-13 Feb-23 10 Apr-13 $5,500 $2.20 $66,000 $26.40 10% Rent Increases Every 5-Yrs.
Apr-18 $6,050 $2.42 $72,600 $29.04 One (1) Five (5) Year Option
Option 1 Apr-23 $6,655 $2.66 $79,860 $31.94
TOTALS 6,500 100% Current $5,500 $171,999 NN
*Landlord responsibilities include roof, structure, and parking. Landlord warrants HVAC for duration of first rent year
Lease Term
NN
SITE PLAN SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
6
T R A C T 1 T R A C T 1
SMILEBEST DENTAL
4,000 SF TITLEMAX
2,500 SF
SYCAMORE SCHOOL ROAD
Aerial photograph SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
7
Southwest High School
Candleridge Park
Southwest Park
McC
art
Ave
nu
e (3
5,37
7 C
ars
/ Day
)
IMMEDIATE TRADE AREA
The subject property is located at the intersection of Sycamore School Road
(27,381 Cars / Day) and McCart Avenue (35,377 Cars / Day). McCart Avenue
is an 8-mile arterial surface street that connects the Fort Worth central
business district with newer suburban developments to the south. McCart
Avenue is also frequently used as a non-freeway alternative to nearby
Interstate 35. Sycamore School Road is an east-west arterial road that
traverses the Candleridge neighborhood to the immediate northeast and
connects this area with Interstate 35 to the east.
The site shares this intersection with a Walmart Supercenter and an Aldi
supermarket that opened in the Spring of 2010. Albertsons, Walgreens, Dollar
Tree, Cato Fashions, GNC, UPS Store, Exxon, DD’s Discounts, Payless
Shoesource, BBVA Compass Bank, and Taco Bell are also located at this
intersection. The subject property is 1.2-miles south of a shopping center
anchored by Office Depot and LA Fitness at the Altamesa Boulevard and
McCart Avenue intersection. Other tenants in the trade area include CVS,
Care Now, Frost Bank, IHOP, Whataburger, 7-Eleven, Pep Boys, Aaron’s,
O’Reilly Auto Parts, and Ace Hardware.
The subject property benefits from its location next to the established
Candleridge neighborhood. This desirable neighborhood has provided the
foundation for the area’s growth which is projected to continue at 7.2% over the
next 5-years. Mean annual household income within a 1-mile radius of the site
is $70,658. The subject property is also 1.6-miles southeast of Southwest High
School (1,492 Students).
FORT WORTH, TX
Fort Worth is the 16th-largest city in the United States of America and the 5th
largest city in the state of Texas with a population of 741,206. It has been
estimated that by 2030 it will have 1,211,665 residents. The city is the 2nd most
populous in the Dallas–Fort Worth-Arlington MSA. Fort Worth was the fastest-
growing large city in the United States from 2000 to 2006 and was voted one of
"America's Most Livable Communities.“ Fort Worth has undergone a recent
economic boom with the discovery of large deposits of natural gas in the
Barnett Shale. With over 1,000 gas wells in the city of Fort Worth this formation
is the second largest natural gas source in the U.S. Drilling industry advocacy
groups claim that by 2015 the Barnett Shale may be responsible for more than
108,000 jobs. In addition to the energy driven economic growth Fort Worth has
traditionally been a diverse center of manufacturing. The city has shown strong
economic growth since the 1980s.
Companies with corporate headquarters in Fort Worth include American
Airlines, Radio Shack, BNSF, Pier One Imports, and Ensco. According to the
Dallas Business Journal's 2006 Book of Lists, American Airlines is the largest
employer in the Metroplex. The construction of Fort Worth Alliance Airport has
significantly enhanced the growth and economic diversification that Fort Worth
has enjoyed. Billed as the world's first purely industrial airport this installation
this installation hosts tenants such as the American Airlines, BNSF, Bell
Helicopter, DynCorp International, and FedEx. The DEA aviation operations
center is also based at Fort Worth Alliance Airport.
DALLAS-FORT WORTH-ARLINGTON MSA
The Dallas–Fort Worth–Arlington Metropolitan Statistical Area encompasses 12
counties within the U.S. state of Texas. It is the economic and cultural hub of
the region commonly called North Texas or North Central Texas and is the
largest land-locked metropolitan area in the United States.
The 2010 U.S. Census has the Dallas-Fort Worth Metroplex population at
6,371,773. During the 12-month period from July 2008 to July 2009, the Dallas-
Fort Worth-Arlington metropolitan area gained 146,530 new residents, more
than any other metropolitan area in the United States. The area's population
has grown by about 1 million since the last census was administered in 2000.
The Dallas–Fort Worth–Arlington MSA is, by population, the largest
metropolitan area in Texas, the largest in the South, the 4th largest in the
United States, and the 10th largest in the Americas. The metropolitan area has
the 6th largest gross metropolitan product (GMP) in the United States, and
approximately 10th largest by GMP in the world.
Dallas and its suburbs have one of the highest concentrations of corporate
headquarters in the United States. As such, one of the largest industries in the
Metroplex is conducting business. The Metroplex also contains the largest
Information Technology industry base in the state (often referred to as Silicon
Prairie or the Telecom Corridor), due to the large number of corporate IT
projects and the presence of numerous electronics, computing and
telecommunication firms such as Texas Instruments, HP Enterprises Services,
Dell Services, i2, AT&T, Ericsson, CA and Verizon in and around Dallas. On
the other end of the business spectrum, and on the other side of the Metroplex,
the Texas farming and ranching industry is based in Fort Worth. Several major
defense manufacturers, including Lockheed Martin, Bell Helicopter Textron,
and Raytheon, maintain significant operations in the Metroplex. ExxonMobil,
the #1 corporation on the Fortune 500 listings, is headquartered in Irving,
Texas.
LOCATION OVERVIEW SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
8
LOCATION MAP SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
9
LOCATION MAP SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
10
Demographic snapshot
Downtown Fort Worth, TX
DEMOGRAPHICS SMILEBESt - titlemax
3411 SYCAMORE SCHOOL ROAD, FORT WORTH, TX
11
Radius 1 Mile 3 Mile 5 Mile
Population:
2016 Projection 21,984 117,568 225,031
2011 Estimate 20,502 107,889 205,651
2010 Census 20,256 106,190 202,245
Growth 2011-2016 7.20% 9.00% 9.40%
Growth 2010-2011 1.20% 1.60% 1.70%
2011 Households:
2016 Projection 7,441 41,941 79,647
2011 Estimate 6,949 38,803 73,449
2010 Census 6,861 38,200 72,279
Growth 2011-2016 7.10% 8.10% 8.40%
Growth 2010-2011 1.30% 1.60% 1.60%
Owner Occupied 4,552 25,158 44,799
Renter Occupied 2,397 13,645 28,650
2011 Avg Household Income $70,658 $69,094 $67,327
2011 Med Household Income $59,826 $54,561 $50,552
2011 Per Capita Income $24,201 $25,130 $24,511
2011 Households by Household Inc:
Income Less than $15,000 355 3,368 7,764
Income $15,000 - $24,999 579 3,885 8,474
Income $25,000 - $34,999 630 3,912 7,999
Income $35,000 - $49,999 1,038 6,159 11,987
Income $50,000 - $74,999 1,727 8,089 14,655
Income $75,000 - $99,999 1,290 5,560 9,007
Income $100,000 - $149,999 1,041 5,453 8,556
Income $150,000 - $199,999 196 1,537 2,560
Income $200,000+ 93 841 2,448 Amon G. Carter Stadium, Fort Worth, TX
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