confidential offering memorandum texas car title & payday loans … · 2017. 3. 14. · texas...
TRANSCRIPT
Exclusively Offered By:
Ty Underwood
214-520-8818 ext. 4
Fax: 214-520-8815
SLJ COMPANY, LLC 4311 W. Lovers Lane, Suite 200
Dallas, TX 75209
214-520-8818
TEXAS CAR TITLE & PAYDAY LOANS FOR SALE 3909 ALTAMESA BLVD, FORT WORTH, TX 76133
CONFIDENTIAL OFFERING MEMORANDUM
TABLE OF CONTENTS
I. 2 AERIAL PHOTOGRAPHS
II. 4 PROPERTY POTOGRAPHS
III. 6 EXECUTIVE SUMMARY
IV. 7 PROPERTY PROFILE
V. 8 FINANCIAL & LEASE INFORMATION
VI. 9 SURVEY
VII. 10 LOCATION MAP
VIII. 11 LOCATION OVERVIEW
IV. 12 DEMOGRAPHICS
X. 13 DISCLAIMER & DISCLOSURE
3909 ALTAMESA BLVD | 1
SITE
AERIAL PHOTOGRAPH 3909 ALTAMESA BLVD | 2
AERIAL PHOTOGRAPH 3909 ALTAMESA BLVD | 3
PROPERTY PHOTOGRAPH 3909 ALTAMESA BLVD | 4
PROPERTY PHOTOGRAPH 3909 ALTAMESA BLVD | 5
EXECUTIVE SUMMARY & HIGHLIGHTS
EXECUTIVE SUMMARY
SLJ Company, LLC has been exclusively retained to offer Texas Car Title & Payday Loan
Services, Inc., a 1,610 square foot property, situated on 0.68 acres in Fort Worth, Texas.
Texas Car Title & Payday Loan Services, Inc. currently has three years remaining on a five-
year, triple-net lease, with one five year option to renew.
Texas Car Title & Payday Loan Services, Inc. is situated on Altamesa Boulevard in
southwest Fort Worth. The property is located in a densely populated area and the daily
traffic counts along Altamesa Boulevard exceed 21,000 vehicles per day. Texas Car Title
& Payday Loan Services, Inc. also benefits from being located in an area with minimal
competition.
Overall, Texas Car Title & Payday Loan Services, Inc., allows an investor to obtain a triple-
net lease, with minimal landlord responsibility in Fort Worth, Texas.
PROPERTY HIGHLIGHTS
• Under Replacement Cost
• Proven Location in Option Period
• Corporate Guarantee
• Daytime Population Over 108,000
• Average Household Income of $72,936
• Traffic Counts Exceed 21,000 Vehicles Per Day
3909 ALTAMESA BLVD | 6
PROPERTY PROFILE
LOCATION The subject property is located at 3909 Altamesa Blvd, at the signalized intersection of Altamesa
Blvd and Woodway Dr, in Fort Worth, Texas 76133.
PRICE $562,973
CAP RATE 9.25%
NET OPERATING INCOME $52,075
GROSS LEASABLE AREA 1,610 Square Feet
LAND AREA 0.6788 Acres (29,568 Square Feet)
YEAR BUILT 1985
FINANCING Free & Clear
ZONING E – Neighborhood Commercial
TRAFFIC COUNTS Altamesa Blvd 21,292 VPD (2009)
Woodway Dr 11,458 VPD (2009)
MINERALS None
3909 ALTAMESA BLVD | 7
FINANCIAL & LEASE INFORMATION RENT ROLL
% of Current Lease Term Current Base Rent / Yr. Rent Renewal
Tenant SF Bldg Start End Term PSF Total Increases Options
Texas Car Title
& Payday Loan 1,610 100% 02/01/2014 01/31/2019 5 years $32.34 $52,075 None 1, 5 year
Services, Inc.
TOTAL 1,610 100% $32.34 $52,075
ANNUALIZED OPERATING DATA Years Commencement Annual Rent Increase
1-5 02/01/2014 $52,075 -
Option: Years 6-10 02/01/2019 $59,470 14.20%
Net Operating Income (NOI) $52,075.00
Texas Car Title and Payday Loan Services, Inc. is the
leading credit access business in Texas. Every day at more
than 200 locations throughout Texas, Texas Car Title &
Payday Loan Services, Inc. is committed to helping
customers get the best deal on a Car Title Loan or Payday
Loan.
TENANT SUMMARY
Tenant Texas Car Title & Payday Loans, Inc.
Ownership Private
Number of Locations 200+
Website http://texas514cash.com/ LEASE SUMMARY
Lease Term 5 Years
Lease Commencement 02/01/2014
Lease Expiration 01/31/2019
Remaining Term 3+ Years
Lease Type NNN
Roof & Structure Landlord
Options Remaining 1 x 5 Year
Option to Purchase None
29. TERMINATION. After the seventeenth (17th) month of the Lease, or any extension
hereto, Tenant may terminate this lease upon thirty (30) days notice to the Landlord and
by paying to the Landlord a termination fee equal to (i) six month’s rent and other sums
due hereunder at the then applicable monthly rental rate, plus (ii) an amount equal to
Landlord’s unamortized leasing commissions incurred in connection with this lease and
(iii) payment and performance of all other obligations of Tenant hereunder through the
effective date of any such termination.
LEASE NOTES
3909 ALTAMESA BLVD | 8
SURVEY 3909 ALTAMESA BLVD | 9
LOCATION MAP 3909 ALTAMESA BLVD | 10
FORT WORTH, TEXAS
The city of Fort Worth is often referred to as “Where the
West Begins.” Fort Worth is the 17th-largest city in the
United States of America and the fifth-largest city in the
state of Texas. Located in North Central Texas, and
covers nearly 350 square miles (910 km2) in Tarrant,
Denton, Parker and Wise counties. According to the
2013 census estimates, Fort Worth had a population of
792,727. The city is also home to Texas Christian
University, Texas Wesleyan University, University of North
Texas Health Science Center, Texas A&M University
School of Law, and many multinational corporations
including Bell Helicopter, Lockheed Martin, American
Airlines, American Airlines Group (and subsidiaries
American Airlines and Envoy Air), the John Peter Smith
Hospital, Pier 1 Imports, RadioShack, the BNSF Railway,
and Lockheed Martin. In 2013, Fort Worth-Arlington
ranked No. 15 on Forbes’ list of the Best Places for
Business and Careers.
The Fort Worth Stockyards now celebrates Fort Worth’s
long tradition as a part of the cattle industry and was
listed on the National Register as a historical district in
1976. The listing included 46 contributing buildings and
one other contributing structure.
The Stockyards consist of mainly entertainment and
shopping venues that capitalize on the “Cowtown” image
of Fort Worth. Home to the famous boot making
company M.L. Leddy’s which is located in the heart of
the Stockyards and The Maverick Fine Western Wear
and Saloon where customers “can ‘belly up’ to the bar,
relax and have a cold beer while in the Stockyards; just
like they did in the days of the big cattle drives”, as they
shop around the store. Many bars and nightclubs
(including Billy Bob’s Texas) are located in the vicinity,
there is also an opry and a rodeo. The Fort Worth
Stockyards are the last standing stockyards in the United
States.
LOCATION OVERVIEW 3909 ALTAMESA BLVD | 11
DEMOGRAPHICS
RADIUS 1 MILE 3 MILE 5 MILE
2015 Total Population 16,883 133,627 233,181
2015 Daytime Population 13,380 108,303 217,471
2015 Estimated Households 6,488 47,138 82,170
RADIUS 1 MILE 3 MILE 5 MILE
2015 Avg Household Income $64,670 $69,638 $72,936
INCOME
POPULATION
AGE
RADIUS 1 MILE 3 MILE 5 MILE
2015 Median Age Estimate 39 33 33
POPULATION BY ETHNICITY
RADIUS 1 MILE 3 MILE 5 MILE
2015 White 58.51% 55.23% 59.67%
2015 Black 25.07% 25.99% 20.34%
2015 Native American 0.66% 0.57% 0.60%
2015 Asian 2.64% 4.11% 3.66%
2015 Pacific Islander 0.01% 0.07% 0.07%
2015 Two or More Races 3.25% 3.31% 3.08%
2015 Hispanic 27.19% 30.20% 33.77%
2015 Non-Hispanic 72.81% 69.80% 66.23%
3909 ALTAMESA BLVD | 12
DISCLAIMER & DISCLOSURE
The material contained in this Memorandum is
confidential, furnished solely for the purpose of
considering an investment in the properties described
herein, and is not to be used for any other purpose, or
made available to any other person without the
express written consent of the SLJ Company, LLC. The
material is based, in part, upon information obtained
from third party sources, which SLJ Company, LLC
deems to be reliable. However, no warranty or
representation is made by SLJ Company, LLC or its
affiliates, agents, or representations as to the accuracy
or completeness of the information contained herein.
Prospective investors should make their own
investigations, projections, and conclusions regarding
this investment.
3909 ALTAMESA BLVD | 13