242 Rufe Snow Drive

Keller, TX 76248

909 Lake Carolyn Parkway Suite 150 I rving, Texas 75039

www.RealtyCapital.com

Mark Boone Director of Commercial Sales and Leasing

469-533-4118

Mark@RealtyCapital.com

Offering Memorandum

242 Rufe Snow Drive

Keller, TX 76248

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242 Rufe Snow Drive

Keller, TX 76248

Section

I. OFFERING OVERVIEW…………………………………….….…... 3

FLOOR PLAN & RENT ROLL………………...……………….…… 4

TENANTS……………………………………………………………. 5

II. LOCATION …………………………………………………………. 8

AREA HIGHLIGHTS……………………………………………...… 9

III. INCOME ANALYSIS……………………………………………….. 10

IV. SITE PLAN………………………………………………….….……. 11

TABLE OF CONTENTS

The information contained herein has been obtained from sources deemed to be reliable. However, we have not verified its accuracy and make no guarantee, warrant or representation about it. It is submitted subject to the possibility of errors, omissions and change.

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242 Rufe Snow Drive

Keller, TX 76248

offering overview

242 Rufe Snow Drive is a 12,148 square foot single-story, Class “A” retail building located

within the Keller Town Center in Keller, Texas.

The building was completed in early 2019 and was 100% leased with seven (7) strong tenants

prior to completion, of which five (5) are national franchises.

Ample parking is available for all tenants and customers. Building signage allows for excellent

visibility from Rufe Snow Drive.

Price: $5,395,733

Gross Leasable Area (GLA): 12,148 SF

Year Built: 2019

Lot Size: +/- 1.705 acres

Current NOI: $323,744

Current CAP Rate: 6.0%

SUMMARY

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242 Rufe Snow Drive

Keller, TX 76248

Floor Plan

Monthly Monthly Lease Lease Total

Suite

# Tenant Sq. Ft. $/Sq. Ft. Rent NNN Comm. Term.

Monthly

Income

100 Sunny Street Cafe 3,093 $24.25 $6,251.72 $1,933.13 02/04/19 123 Months $8,184.85

120 Nestle Toll House 1,437 $26.00 $3,113.50 $898.13 04/05/19 120 Months $4,011.63

140 Fortified Solutions 2,116 $28.00 $4,937.33 $1,322.50 05/01/19 60 Months $6,259.83

150 Frios Gourmet Pops 1,012 $27.50 $2,319.17 $632.44 04/11/19 64 Months $2,951.67

160 Club Pilates 1,437 $27.00 $3,233.25 $898.13 01/24/19 62 Months $4,131.38

170 Rush Bowls 1,437 $28.00 $3,353.00 $898.13 01/04/19 63 Months $4,251.13

180 Saigon Fusion Restaurant 1,616 $28.00 $3,770.67 $1,010.00 $4,780.67 05/01/19 122 Months

Building Total: 12,148 $26.96 $26,978.64 $7,592.52 $34,571.16

Rent Roll

All leases have built-in rent increases over the course of the lease.

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242 Rufe Snow Drive

Keller, TX 76248

Tenants

With an extensive variety of options on the menu, Sunny Street Café is a delicious option

for residents throughout Texas. The franchise currently has three locations in the state of

Texas, one of which is on a property developed by Realty Capital and run by the same

operator. With Sunny Street Café’s ubiquitous chain of restaurants around the country

and its ten years of quality service, the community will greatly benefit from having its

service. Website: www.SunnyStreetCafe.com

Nestle Toll House Café by Chip is a great option for those with a sweet tooth. The café

offers an array of Nestle Toll House products, ranging from cookies, brownies and even

milkshakes. Nestle Toll House Café also offers a full menu of savory items, like paninis,

crepes and wraps. The café will be a wonderful lunch and desert location for all those

stopping by. Website: www.NestleCafe.com

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242 Rufe Snow Drive

Keller, TX 76248

Frios Gourmet Pops is focused on three things: using the freshest ingredients,

creating the best frozen pops possible, and bringing smiles to the faces of their

customers. Based in Gadsden, Alabama, Frios develops relationships with local

farmers and mom-and-pop suppliers to source fresh ingredients.

Website: www.FriosPops.com

Tenants

Fortified Solutions will custom design and install all of your audio/visual needs for

home automation. They specialize in lighting, shades/blinds, surveillance cameras, tv,

theater/media rooms, garage doors, door bells, and conference rooms. Their

technology allows users to control everything from various devices, such as phones,

tablets, or computers. Website: www.FortifiedSolutions.us

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242 Rufe Snow Drive

Keller, TX 76248

Tenants

Born in San Diego in 2007, Club Pilates has expanded across the nation, bringing Pilates

to hundreds of thousands of people. In 2016, they served up over 2.2 million workouts to

dedicated members. Pure to Joseph Pilates’ original Reformer-based Contrology Method,

but modernized with group practice and expanded state-of-the-art equipment, Club Pilates

offers high-quality, life-changing training at a surprisingly affordable price. They believe

that Pilates is the path to a fuller, more satisfying physical existence and that being in

control of your body helps you to be in control of your life. Best of all, you can start

anytime. Website: www.ClubPilates.com

Rush Bowls is a healthy alternative to the fast food options around the area. A rush bowl is

a mixture of fruit, nutrients, protein, juice or milk, and an assortment of wholesome

ingredients blended into one. This makes for a thick, creamy smoothie substance that can

be topped with all sorts of healthy fixings, like granola and bananas. The franchise has

seen great success in the past ten years and continues to spread to new locations through-

out the United States. Website: www.RushBowls.com

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242 Rufe Snow Drive

Keller, TX 76248

Saigon Fusion is Keller’s newest restaurant specializing in Vietnamese street food. A terrific

lunch and dinner choice, the menu offers a diverse range of Vietnamese plates including fried

noodles, skewers, noodle soups, fried rice and more. To accompany the extensive menu,

Saigon Fusion also features a fully stocked bar. If you’re craving Asian food, put Saigon

Fusion on your list of places to eat!

Tenants

The property is located at a lighted-intersection at Rufe Snow Drive and Bear Creek Parkway.

Location

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242 Rufe Snow Drive

Keller, TX 76248

Area highlights

• Adjacent to the Moviehouse & Eatery – hosting over 400,000 moviegoers every year!

• 365 feet of frontage on Rufe Snow Drive – 17,700 vehicles per day

• Located in the heart of Keller– directly across from Keller Town Hall and Community Center

Keller, Texas: • Population: 47,266

• 9th Wealthiest Zip Code in North Texas

• Average HH Income: $126,013

• Average Home Value: $334,000

2017 U.S. Census

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242 Rufe Snow Drive

Keller, TX 76248

Income Analysis

242 Rufe Snow Drive - Income Analysis

Gross Leasable Area 12,148

Base Rental Income $323,744 $26.65

TOTAL BASE RENTAL INCOME $323,744 $26.65

Other Income - NNN Expense Reimbursement $91,110 $7.50

TOTAL EXPENSE REIMBURSEMENT $91,110 $7.50

TOTAL GROSS INCOME $414,854 $34.15

Less Expenses $91,110 $7.50

TOTAL EXPENSES $91,110 $7.50

NET OPERATING INCOME $323,744 $26.65

GROSS LEASABLE AREA (GLA): 12,148 SF

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242 Rufe Snow Drive

Keller, TX 76248

Site Plan