gateway shopping center abilene, tx - wells net lease group...3/1/2016 2/28/2021 $39,540 $18.00...

www.WellsNetLeaseGroup.com

• Anchored by S&P “A” Investment Grade Credit Sherwin-

Williams with long term lease

• New NNN Leases with Increases

• Newly Remodeled Building – 2 National Tenants

• Great Location – Strong Demographics

Gateway Shopping Center

David Wells | Managing Director

305.498.6095 | [email protected]

| Abilene, TX

Meredith McCullar | Broker of Record


This marketing brochure has been prepared to provide a summary to prospective investors of the valuation of the lease or

leases contained herein and does not include or take into account any value of the real estate which is bonded under the lease

or leases contained herein. It is intended to be reviewed only by the party receiving it from WNL and should not be made

available to any other person or entity without the written consent of WNL.

The information contained herein is not a substitute for a thorough due diligence investigation. WNL has not made any

investigation, and makes no warranty or representation, with respect to the income or expenses for the bonded lease or lease

information contained herein and or it’s guarantor or guarantors nor any future projected financial performance. WNL

recommends and advises any and all prospective purchasers to work with a licensed real estate professional or legal counsel

to verify the size and square footage of the property and improvements, investigate the presence or absence of contaminating

substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements

thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its

occupancy of the subject property.

The information contained in this marketing brochure has been obtained from sources we believe to be reliable; however,

WNL has not verified, and will not verify, any of the information contained herein, nor has WNL conducted any investigation

regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the

information provided.

CONFIDENTIALITY


Investment Overview

Gateway Shopping Center is a newly remodeled 12,937 square

foot strip center, anchored by S&P A rated Sherwin-Williams

Paints in Abilene, TX. Sherwin Williams has a new 10 year

lease with a 3% increase in year 6 of the initial term and 4 (5)

year options with 10% increases.

The center is 100% leased with new NNN leases. In addition

to Sherwin-Williams, the other tenant’s in the center include

Wingstop, H&H Beverage & Pizza By Design.

PROPERTY OVERVIEW

Location

Gateway Shopping Center is located in Abilene, Texas, along

State Highway 351. The center sits just a few blocks off of

Interstate 20, along a main retail corridor surrounded by national

tenants such as Walmart, Lowes, Chili’s & Chick-fil-A. The

center is located 1 mile away from Abilene Christian University

(850 employees, 4,500 students) and 2.5 miles from the city’s 2nd

largest employer, Hendrick Health System (2,900 employees);

both are located on State Highway 351.


Investment Highlights

• Anchored by S&P “A” Investment Grade Credit

Sherwin-Williams with long term lease

• Newly Remodeled Building – 2 National Tenants

• Corporate Guarantee (Sherwin-Williams)

• Rent Increases on 82% of GLA

• Located in Abilene, TX off Major Interstate

• Strong Demographics

Sherwin-Williams Strip Center

Price

Cap Rate

Property Size

Occupancy

Price Per Sq. Ft.

Gross Income

Expenses

Expense Reimburse.

NOI

Year Built/Remodeled

Lot Size

Debt

INVESTMENT OVERVIEW

1801 State Highway 351, Abilene, TX 79602

$3,850,000

5.25%

12,937

100%

$298

$268,653

$62,624

$54,918

$202,282

1979/2015

1.58 Acres

Free & Clear


Income

Rental Income

CAM Collected

RE Tax Reimbursement

Insurance Reimbursement

Total Gross Income

Operating Expenses

RE Taxes

Insurance

CAM/Maintenance

Reserves

Management Fee (3%)

Total Operating Expenses

Vacancy Factor

NOI

FINANCIAL ANALYSIS

$213,735

$24,580

$24,688

$5,650

$268,653

$24,688

$5,650

$24,580

$1,294 (.10/ft.)

$6,412

$62,624

$3,748 (3% on non-credit tenants)

$202,282

www.WellsNetLeaseGroup.comRENT ROLL

Size

(SF)

Tenant

Name

Lease

Start

Lease

End

Annual

Rent

Rent / sq.

ft.

TaxReimburse

InsuranceReimburse

CAM **Reimburse

Lease

TypeIncreases Options

5,000Sherwin

Williams5/16/2015 5/31/2025 $88,815 $17.76 $11,000.04 $1,350.00 $9,500.04 NNN*

10% Yr 6 &

Options(4) 5 Yr

3,300 Wingstop 8/20/2016 8/19/2021 $56,100 $17.00 $7,260.00 $891.00 $6,270.00 NNN*

$3,300/Yr in Yr

3,4,5; $4,950

per Option

(3) 5 Yr

2,440H&H

Beverage8/1/2015 7/31/2020 $29,280 $12.00 $5,367.96 $658.80 $4,635.96 NNN* 5.26% / Yr.

2,197Pizza by

Design3/1/2016 2/28/2021 $39,540 $18.00 $4,833.36 $593.16 $4,174.32 NNN* Flat

12,937 TOTALS $213,735 $28,461 $3,493 $24,580

* Landlord responsible for roof and structure

** CAM Reimbursement includes mgmt. fee reimbursement


Company Name

S&P Credit Rating

Public or Private

Ticker

Founded

Headquarters

Revenue

Net Income

Number of Locations

Number of Employees

Website

The Sherwin-Williams Company develops, manufactures,

distributes, and sells paints, coatings, and related products to

professional, industrial, commercial, and retail customers primarily

in North and South America, the Caribbean, Europe, and Asia. The

company operates in four segments: Paint Stores Group, Consumer

Group, Global Finishes Group, and Latin America Coatings Group. It

offers architectural paint and coatings, protective and marine

products, automotive finishes and refinish products, original

equipment manufacturer product finishes, and related items. The

company also licenses technology and trade names.

As of December 31, 2015, its Paint Stores Group segment operated

4,086 company-operated specialty paint stores; Global Finishes

Group segment operated 296 company-operated branches; and

Latin America Coatings Group segment operated 291 company-

operated stores. The company also sells its products through direct

sales staff and outside sales representatives to retailers, dealers,

jobbers, licensees and other third party distributors.

Corporate Information

Tenant Overview

Tenant Highlights

• S&P A Investment Grade Credit

• 2015 Sales of $11.34 Billion

• $26.7 Billion Market Cap

Sherwin-Williams Co.

A

Public

SHW (NYSE)

1866

Cleveland, OH

$11.34 Billion

$1.05 Billion

4,086

40,706

www.sherwin.com

TENANT OVERVIEW


Company Name

Public or Private

Ticker

Founded

Headquarters

Revenue

Net Income

Number of Locations

Website

Wingstop Inc., together with its subsidiaries, franchises and

operates restaurants under the Wingstop brand name. Its

restaurants offer cooked-to-order, hand-sauced, and tossed chicken

wings. As of December 26, 2015, the company operated 845

restaurants in the United States, Indonesia, Mexico, the Philippines,

Russia, Singapore, and the United Arab Emirates. Wingstop Inc.

was founded in 1994 and is headquartered in Dallas, Texas.

Corporate Information

Tenant Overview

Tenant Highlights

• Over 845 locations worldwide

• 2015 Sales of $75 Million

• Adding 125+ locations in 2016

Wingstop Inc.

Public

WING (NASDAQ)

1994

Dallas, TX

$75.45 Million

$7.81 Million

845

www.wingstop.com

TENANT OVERVIEW

www.WellsNetLeaseGroup.comPROPERTY PHOTOS

www.WellsNetLeaseGroup.comAERIAL MAP

www.WellsNetLeaseGroup.comLOCATION MAPS

Maps

(click on below)

Area

City

Regional


Abilene, TX

3 Miles 5 Miles 10 Miles

Total Population 22,458 57,691 122,858

Total Number of Households 8,498 21,478 49,994

Average Household Income $48,081 $50,060 $52,025

DEMOGRAPHICS


David Wells

Managing Director

305.498.6095

[email protected]

For additional information contact:

Peter Estlick

Investment Associate

305.965.9452

[email protected]

Meredith McCullar

Broker of Record

gateway shopping center abilene, tx - wells net lease group...3/1/2016 2/28/2021 $39,540 $18.00...

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