ollie's bargain outlet $1,967,035 · 2019. 10. 11. · • ollie's bargain outlet - nn...

13
7.25% CAP 1122 N UNIVERSITY DR, NACOGDOCHES, TX 75961 OLLIE'S BARGAIN OUTLET $1,967,035 TRINITYREIS.COM

Upload: others

Post on 09-Oct-2020

3 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

7.25% CAP1122 N UNIVERSITY DR, NACOGDOCHES, TX 75961

OLLIE'S BARGAIN OUTLET $1,967,035

T R I N I T Y R E I S . C O M

Page 2: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

$1,967,035 | 7.25% CAP

• Ollie's Bargain Outlet - NN Lease

• 6+ Years Remaining on the Current Term

• Ollie's (Nasdaq: OLLI) $3.5B Company - CorporatelyGuaranteed Lease

• Nacogdoches is Home to Stephen F. Austin State - 10,000+Undergrad Students

• Strong 5 Mile Demographics - Nearly 41K+ Residents inImmediate Area

• Building is Currently Part of Shopping Center but will beSeparately Parceled During Escrow Period

• Walmart Shopping Center Shadow Anchored - CreatingHealthy Traffic Counts Directly in Front of the SubjectProperty of 19K+

NACOGDOCHES, TX

EXCLUSIVELY MARKETED BY:

BRANSON BLACKBURN325.864.9775 | [email protected]

CHANCE HALES806.679.9776 | [email protected]

JOHN THOMAS214.538.8395 | [email protected]

Gross Leasable Area: 34,364 SF

Land Area: 1.0 AC

Year Built: 1979

Guarantor: Corporate

Price (Psf): $57.24

*Tenant pays $1,500/Yr for HVAC Repairs & $17,182/Yr in CAM Increasing2% Each Year | Lease Contains Co-Tenancy Clause - Ask Agent for Details

Remaining Lease Term: 6+ Years

Rent Commencement: January 2019

Lease Expiration: 12/31/2025

Base Annual Rent: $142,610

Lease Type: NN

Co-Tenancy Clause: Please Inquire

Options & Increases: Four (4), 5-Year; 6%

Insurance: PAID BY Tenant

Parking Lot Maintenance: PAID BY Tenant

Property Taxes: PAID BY Tenant

Roof & Structure: PAID BY Landlord

HVAC: PAID BY Landlord*

PROPERTY DETAILS:

LEASE OVERVIEW:

1122 N UNIVERSITY DR | NACOGDOCHES, TXINVESTMENT OVERVIEW

Page 3: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

POPULATION 1 MILE 3 MILE 5 MILE

Census Population (2010) 7,121 29,876 39,749

Estimated Population (2019) 8,999 30,603 40,932

Projected Population (2024) 9,379 30,862 41,315

POPULATION GROWTH

2010-2019 (Historical) 26.37% 2.43% 2.98%

2019-2024 (Projected) 4.42% 0.85% 0.94%

CONSUMER SPENDING

Aggregate (in Thousands) $53,692 $210,907 $290,397

HOUSEHOLD INCOME

2019 Average $48,744 $47,178 $49,242

2019 Median $30,338 $30,593 $31,602

DEMOGRAPHICS

1122 N UNIVERSITY DR | NACOGDOCHES, TXDEMOGRAPHICS OVERVIEW

Page 4: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

1122 N UNIVERSITY DR | NACOGDOCHES, TXRETAILER MAP

Page 5: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

1122 N UNIVERSITY DR | NACOGDOCHES, TXRETAILER MAP

Page 6: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

1122 N UNIVERSITY DR | NACOGDOCHES, TXRETAILER MAP

Page 7: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

1122 N UNIVERSITY DR | NACOGDOCHES, TXADDITIONAL PHOTOS

Page 8: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

1122 N UNIVERSITY DR | NACOGDOCHES, TXADDITIONAL PHOTOS

Page 9: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

1122 N UNIVERSITY DR | NACOGDOCHES, TXADDITIONAL PHOTOS

Page 10: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

TENANT SUMMARYOllie’s Bargain Outlet is one of America’s largest retailers of closeout merchandise and excess inventory. Ollie's Bargain Outlet deals inmerchandise obtained from various retailers, suppliers or manufacturers throughout the country, whether in the form of closeouts,bankruptcy sales or other similar means of buying the stock at below wholesale costs.

STRATEGYYou’ll find real brands at real bargain prices in every department, from housewares to sporting goods to flooring and to food. Ollie’s buyersscour the world looking for closeouts, overstocks, package changes, manufacturer refurbished goods, and irregulars.

Much of the merchandise comes direct from the finest manufacturers in the country and abroad. For example, if a manufacturer makes toomuch of an item, or changes their packaging, Ollie’s will buy the overstocked or old packaged items. So, you will always find famous brandname products at Ollie’s Bargain Outlet.

Tenant Name: Ollie's Bargain Outlet, Inc.

Tenant Type: Retail

Parent Company Trade Name: Bargain Parent, Inc.

Ownership: Public

No. of Locations: 330+ Locations

Website: https://www.ollies.us/home.html

Year Founded: 1982

Credit Rating (S&P): B

No. of Employees: 5,000+ Employees

Headquartered: Harrisburg, PA

TENANT DETAILS:

1122 N UNIVERSITY DR | NACOGDOCHES, TXTENANT OVERVIEW

Page 11: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

1122 N UNIVERSITY DR | NACOGDOCHES, TXDISCLAIMER

All materials and information received or derived from Trinity Real Estate Investment Services its directors, officers, agents, advisors, affiliates and/orany third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, complianceor lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither Trinity Real Estate Investment Services its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express orimplied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source,whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. Trinity Real Estate Investment Services will not investigate or verify any such matters or conduct duediligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Trinity Real EstateInvestment Services makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data orassumptions. Trinity Real Estate Investment Services does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney.Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with atitle officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Trinity Real Estate Investment Services in compliance with all applicable fair housing and equal opportunitylaws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warrantyor representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease orfinancing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property andtransaction.

Page 12: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

INFORMATION ABOUT BROKERAGE SERVICES

Page 13: OLLIE'S BARGAIN OUTLET $1,967,035 · 2019. 10. 11. · • Ollie's Bargain Outlet - NN Lease • 6+ Years Remaining on the Current Term • Ollie's (Nasdaq: OLLI) $3.5B Company -

T R I N I T Y R E I S . C O M

CONTACT INFORMATION

EXCLUSIVELY MARKETED BY:

BRANSON BLACKBURN CHANCE HALES JOHN THOMAS325.864.9775 806.679.9776 [email protected] [email protected] [email protected]