sale-leaseback: texas semi truck & rv wash...the presentation of this real estate information is...

Tenant

TEXAS SEMI TRUCK & RV WASHIncludes: Best Little Taco Stand (Sub-tenant)

SALE-LEASEBACK: TEXAS SEMI TRUCK & RV WASH135 Conrads Ln | New Braunfels, Texas 78130

- Truck wash founded 2002, with 70repeat corporate accounts (manyhave been customers since 2002)

- Taco stand (sub-tenant)in business since 2008

Next to Property

Distribution Center

Directly Acrossthe Street

Area Activity Generators

• Booming area with over 3.8% projected population growth (2018-2023 within 3 miles)• In addition to high quality hand exterior washes, they perform the highly recession resistant services

of trailer and tanker washouts. These washouts are required by law between certain loads and when changing what tankers haul. This truck wash is licensed to provide truckers with certification the washout was done to required high pressure and temperature standards. Washout facilities are rare in Central Texas. Per Seller this is the only such washout facility in the combined Austin and San Antoniometro areas• Across the street from a 20 acre TA truck stop which has been operating since 1997 and does not

have a truck wash• Less than a mile from a 1+million SF Walmart distribution facility• Less than 2 miles (Via IH-35 service road) from retail hub which includes HEB Plus, Super Target,

Dick’s & Buc-ee’s

The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited Liability Company.

Alan Rust, CCIM - [email protected]

For More Information:www.retailsolutionsre.com

• Truck Wash will execute a 15 year absolute net lease with annual base rent increases to commence at Closing

New CorporateTruck Wash Customer

15 year absolute net lease with annual base rent increases (in business since 2002 with a roster of corporate accounts)

Price:$1,500,000

Cap Rate: 8.88%Term: 15 Years


Confidential Memorandum and DisclaimerPlease note that the use of this Offering Memorandum and the Information (“Information”) provided is subject to the terms, provisions and limitations of the confidentiality agreement which we have provided to you (“Buyer”) and requested an executed copy.

Brokerage Relationships: By taking possession of and reviewing the information contained herein, Buyer acknowledges that the Listing Team of Retail Solutions (“Brokers”) are acting as Seller’s Agent in the disposition assignment for the property. Buyer acknowledges receipt of the form entitled Information About Brokerage Services.

Non-disclosure of Information: By taking possession of and reviewing the Information contained herein, Buyer agrees not to disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or the Property owner (“Owner”) to any other person or entity except as permitted herein. Buyer shall take all appropriate precautions to limit the dissemination of the Information only to those persons within the firm who need to know the Information. The phrase “within the firm” shall be deemed to include outside attorneys, accountants and investors.

Disclaimer and Waiver: By taking possession of and reviewing the Information contained herein, Buyer understands and acknowledges that neither Brokers nor Owner make any representations or warranty, expressed or implied, as to the accuracy or completeness of any Information provided. Neither the Broker or the Owner 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 Buyer with respect to the Property. Buyer understands and acknowledges that they should make their own investigations, projections and conclusions without reliance upon the Information contained herein. Buyer assumes full and complete responsibility for confirmation and verification of all information received and expressly waives all rights of recourse against Owner, Brokers and Retail Solutions.




Investment Summary Investment Highlights

Property InformationProperty Address

Location

CountyProperty ID

Ownership EntityGross Leasable Area

Lot SizeYear Built

Occupancy

Sub-Tenant

135 Conrads Lane New Braunfels, Texas 78130SEQ Conrads Lane & S. IH-35 frontage RoadComal102744TEXAS SEMI TRUCK SALES LLC5,300 SF - Main building: 5,200 SF

(1,000 SF of which is office)- Best Little Taco Stand: 100 SF9,484 SF (1.136 Acres)2002100%- Truck Wash occupies 100% of

large building- Best Little Taco Stand occupies

100% of small buildingBest Little Taco Stand has been in business since 2008 and would extend their lease for 10 years. The Taco Stand will be a sub-tenant of Texas Semi Truck & RV Wash

Terms

Cash to Seller• Booming area with over 3.8% projected

population growth (2018-2023 within 3miles)

• In addition to high quality hand exteriorwashes, they perform the highlyrecession resistant services of trailerand tanker washouts. These washoutsare required by law between certainloads and when changing what tankershaul. This truck wash is licensed toprovide truckers with certification thewashout was done to required highpressure and temperature standards.Washout facilities are rare in CentralTexas. Per Seller this is the only suchwashout facility in the combined Austinand San Antonio metro areas

• Across the street from a 20 acre TAtruck stop which has been operatingsince 1997 and does not have a truckwash

• Less than a mile from a 1+million SFWalmart distribution facility

• Less than 2 miles (Via IH-35 serviceroad) from retail hub which includesHEB Plus, Super Target, Dick’s &Buc-ee’s


• Truck Wash will execute a 15 year absolute net lease with annual base rent increases to commence at Closing


Price $1,500,000 Capitalization Rate 8.88%


Investment Overview


DEMOGRAPHIC SNAPSHOT1 mile 3 miles 5 miles

2018 Population 2,043 15,931 39,349

2023 Population 2,474 18,575 46,901

2018 - 2023 Annual Population Growth Rate 3.90% 3.83% 3.57%

2018 Average Household Income $82,098 $84,792 $83,830

2018 Daytime Population 1,432 17,744 44,893



NET OPERATING INCOME (NOI) AnnualBase Rent Annual $132,000Tax Reimbursement $24,509Total Gross Income $156,509Property Taxes $24,509NOI $132,000

Note: Property tax 2018 actual. All other NNN expenses ordered, supervised and paid directly

by Tenant

2017 ActualOPERATING EXPENSES

insurance (3,889.24)$ parts (2,405.44)$ repairs (1,822.27)$ Utilities (23,093.71)$ Property Taxes (24,656.04)$ 2017 Operating Expense Total (55,866.70)$



Tenant Information

Tenant: TEXAS SEMI TRUCK SALES LLC

Location History: The business was founded and has been in continuous operation since 2002

Website: www.txsemitruckandrvwash.com

Business Description: Texas Semi Truck and RV Wash is a family owned truck wash and trailer washout facility conveniently located off of IH-35. We know time is money when dealing with our customers, so with our 3 wash bays we aim to get our customers in-and-

out in a timely manner, while still offering a quality wash. All of our washing is

Lease Term: Base Rent (year 1):

Base Rent Increases: Lease Renewal Options:

done by hand and we guarantee that your vehicles are in safe hands. Our staff strives to make your truck or trailer look the best we can. Come by and give us the opportunity to make your fleet stand out from the rest. (source: company website)

Each renewal option will include 1.5% annual base rent increases

Lease Term Commencement: Lease term will commence upon Closing

Lease Type: Absolute net

Tenant Responsibilities: - Property tax and base rent paid monthly to Landlord- Arrange for and directly pay for all repairs and maintenance to the interior andexterior of the building and property.

Sub-tenant:




15 years$132,000

1.5% per yearTwo 5-year renewal options.

Best Li'le Taco Shack leases the 100 SF building on the northeast corner of the property. They have been a tenant since 2008 and will execute a long term lease extension. Texas Semi Truck & RV Wash will have complete responsibility for management of sub-tenant.



Wash Services Provided




Trailer WashoutsGet this service done quickly and efficiently by the experts here at Texas Semi Truck & RV Wash. We understand how important it is to feel confident and worry free when it comes to the service we provide. Our dedicated staff invests the time and energy necessary to be well prepared for any unique requests or special concerns our clients may have.

Some of the trailer washouts we provide:• Refrigerated• Hopper• Nursery• and more...

Tanker WashoutsAt Texas Semi Truck and RV Wash we have a bay dedicated to bulk liquid tank washouts. We use top of the line equipment to clean out the toughest chemicals from your tankers. Below are some of the services we have to offer.• COLD WATER RINSE $125• HOT WATER RINSE $175• HOT SOAP + RINSE $225*Additional charges may apply for excess materials and certain chemical disposal. Call for more details.• Caustic• Pneumatic• Acid Wash• Polymers, Latex, and ResinsCall us for more specific details to meet your washout needs.



Wash Services Provided




Fleet Washes Is your business interested in setting up a house account with a professional Truck Wash Service? Below are the fleet services and prices we provide for our dedicated companies.• Conventional Tractor $45• Day Cab Truck $35• Box Truck $30• Flatbed Trailer $21• Tanker Trailer $45• End Dump $35• Hopper Bottom Wash $35• Frac Trailer $35• Conventional+Flatbed $60• Conventional+Box Trailer $70**All fleet washes include FREE engine wash and wax**

Truck & TrailersWe offer a hand wash of all trucks, tractors and trailers. All trucks are cleaned with a three-step process. First a high potency detergent, followed by a brush and mitt hand wash, and finally, a high pressure rinse. We also offer extra services for additional charges such as:• Aluminum brightening• Acid Wash• Engine wash• Equipment wash• Wax• Tire shine



Parcel Map






Regional Map






Area Map






Location Map





About San Antonio

SALE-LEASEBACK: SINGLE TENANT NNN DAVE’S ULTIMATE AUTOMOTIVE1403 W Whitestone Blvd, Cedar Park, TX 78613 (AUSTIN METRO)

15 year NNN lease with annual base rent increases (6 Austin Locations)





• Ranked the 7th largest city in America, San Antonio continues to grow as young professionals and businesses are taking notice of the abundant opportunities in San Antonio. The San Antonio MSA has grown by 11.75% between 2010 and 2016 and is predicted to increase an additional 8.12% by 2021. San Antonio is also projected to welcome 1.1 million new residents by 2040.

• San Antonio is one of the largest cities in America, yet it continues to maintain a comparatively affordable cost of living coupled with big city amenities. The city’s cost of living only adds to San Antonio’s appeal as a frontier for high business growth and an alluring, affordable lifestyle that young professionals enjoy. San Antonio’s cost of living when compared to other cities is on average 14.1 percentage points lower, according to the Cost of Living Index published by the Council for Community & Economic Research (Annual 2016).

• San Antonio’s powerhouse employers support a healthy and diverse economy – a blend of well-established financial services, rapidly growing biomedical and biotech sectors, a booming new energy sphere, a flourishing IT and cybersecurity field and a robust manufacturing sector that produces everything from aircrafts to Toyota trucks. The city’s central location has made it the hub for economies in the South Central Texas region and Mexico.

• Accolades:In 2017, U.S. News & World Report ranked San Antonio No. 23 on its list of Best Places to Live in the USA.

San Antonio ranks among the top ten cities for first-time homebuyers in the U.S. – MySA

San Antonio ranks #11 best job market for 2017 college grads - ZipRecruiter

San Antonio ranks in the 20 markets to invest in housing in 2017, where population, jobs and home prices are growing - Forbes


Austin, Texas



The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.


FOR SALE: 100% NNN Leased 2-Tenant Investment Elgin, Texas (Austin Metro)

NWC U.S. 290 & County Line Road18810 U.S. 290 Elgin, Texas 78621

For More Information:www.retailsolutions.us

Austin’s economy is the nation’s fastest growing among large cities (population over 300,000). (WalletHub, 10/2/17)

Austin is the best non-gateway city (i.e., excluding LA, NY, etc.) in the U.S. for commer-cial real estate investment. (DLA Piper, 9/26/17)

Texas is the Most Favorable Business Climate for the 7th consecutive year according to survey of U.S. c-suit executives. (Development Counsellors International, 9/18/17)

Austin’s Travis County is in the top 10 of the 2017 Talent Attraction Scorecard’s ranking of large counties growing their skilled talent base. (EMSI, 9/6/17)

Austin ranks 3rd among large metros Creating the Most High Wage Jobs based on measures of the growth and vitality of the professional & business services sector. (New Geography/Forbes, 6/30/17)

Austin is one of the 10 Most Educated Cities in America based on ranking of the 150 largest U.S. metropolitan areas. (WalletHub, 7/25/17)

Austin is No. 6 on Best Big Cities to Live In ranking. (WalletHub, 7/24/17)

Austin is the Best Place to Live in the USA in U.S. News 2017 ranking. (U.S. News & World Report, 2/7/17)

Texas is the No. 4 State for Business, up from 6th place in 2015. (Forbes, 11/16/2016)

Austin ranked No. 1 Best Place to Start a Business (CNBC, August 2016)

Travelers love Austin—Austin ranks 2nd in destination experience satisfaction study. (J.D. Power, 10/19/16)

Austin, with population projected to nearly double, will be the Fastest Growing Large Metro through 2040. (American City Business Journals, 10/11/16)

Austin, Texas






Austin, Texas








DEMOGRAPHICS

Austin has experienced steady population and economic growth over the past two decades. The total population of the Austin-Round Rock-San Marcos Core Based Statistical Area (CBSA) is currently estimated at 2,029,901 with 958,242 of that within the city of Austin, itself. Growth within the Austin-Round Rock-San Marcos CBSA has been strong over the past decade, with a net gain of 780,101 residents since 2000 (+62.42%), and an additional 295,093 residents are anticipated through 2020 (+14.54%).

ECONOMY

The Austin-Round Rock CBSA is becoming known as an attractive alternative to high-priced areas like California’s Silicon Valley, and has attracted the attention of many large hi-tech companies that continue to contribute to Austin’s tremendous growth. Some examples include the future Apple campus expansion and other hi-tech

companies including Dell, HP, IBM, Cisco Systems, Xerox, Oracle, Intel, Google, and 3M.

Austin directly benefits from the fact that the State of Texas has no personal or corporate income tax. Overall, the state has one of the lowest state and local tax burdens in the nation, ranking 47th in taxes paid per $1,000 of personal income.

The information herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties, or representations to thecompleteness or accuracy thereof. The presentation of this real estate information is subject to errors, omissions, change of price, prior sale or lease, orwithdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.

AUSTIN, TEXAS Austin, Texas






Austin, Texas








2017 MAJOR RELOCATIONS & EXPANSIONSCompany Type of Operation Jobs Created Location Type of Action

Ericsson Application-specific IC design center Austin New

1,000 Austin Expanded

Social media solutions (Hdq.) Austin

Austin New

Merck & Co. Austin New

Homeway Online vacation home rentals (Hdq.) Austin Expanded

AUSTIN, TEXAS

Facebook

Main Street Hub

Siemens BuildingTechnologies

120

Social networking service's online operationscenter (sales/marketing)

400 Expanded

Energy management products digital servicecenter

130

Pharmaceutical company's IT innovation center

600

2,000







Demographics


Market Profile135 Conrads Rd, New Braunfels, Texas, 78130 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 29.74907

Longitude: -98.06041

1 mile 3 miles 5 milesPopulation Summary

2000 Total Population 413 4,570 18,2692010 Total Population 1,442 9,447 25,8912018 Total Population 2,043 15,391 39,349

2018 Group Quarters 0 18 3532023 Total Population 2,474 18,575 46,901

2018-2023 Annual Rate 3.90% 3.83% 3.57%2018 Total Daytime Population 1,432 17,744 44,893

Workers 307 9,120 23,571Residents 1,125 8,624 21,322

Household Summary2000 Households 137 1,680 6,890

2000 Average Household Size 3.01 2.71 2.602010 Households 469 3,525 9,754



2023 Average Household Size 3.18 2.72 2.682018-2023 Annual Rate 3.94% 3.83% 3.55%

2010 Families 359 2,555 6,9032010 Average Family Size 3.50 3.15 3.11

2018 Families 488 4,071 10,3152018 Average Family Size 3.66 3.22 3.19

2023 Families 588 4,875 12,1982023 Average Family Size 3.67 3.24 3.212018-2023 Annual Rate 3.80% 3.67% 3.41%

Housing Unit Summary2000 Housing Units 140 1,819 7,877

Owner Occupied Housing Units 84.3% 65.2% 55.8%Renter Occupied Housing Units 13.6% 27.2% 31.7%Vacant Housing Units 2.1% 7.6% 12.5%

2010 Housing Units 473 3,784 11,160Owner Occupied Housing Units 73.2% 62.8% 57.7%Renter Occupied Housing Units 26.0% 30.3% 29.7%Vacant Housing Units 0.8% 6.8% 12.6%



Median Household Income2018 $75,642 $71,242 $64,2942023 $80,243 $77,756 $72,190

Median Home Value2018 $182,800 $216,587 $219,4522023 $245,395 $256,460 $255,462

Per Capita Income2018 $27,451 $30,922 $31,2062023 $31,116 $34,432 $34,595

Median Age2010 30.6 35.6 36.62018 32.1 35.9 37.42023 31.4 35.6 37.5

Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households. Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by all persons aged 15 years and over divided by the total population.Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023 Esri converted Census 2000 data into 2010 geography.

December 07, 2018

©2018 Esri Page 1 of 7


Listing Team


[email protected]

Alan Rust, CCIM, Principal of Investment Sales, specializes in the sale and leasing of retail real estate. Mr. Rust has lead the charge for Retail Solutions with its investment sales program having assembled a long and diverse track record of success selling retail real estate across the state of Texas.Mr. Rust has been a commercial broker since 2003 and earned the coveted Certified Commercial Investment Member (CCIM) designation in 2007. On multiple occasions Mr. Rust has earned recognition as a “Heavy Hitter” in retail property sales and leasing from the Austin Business Journal and he has been named a “Power Broker” as a top broker by the Costar group.Prior to moving to Austin in 2007, Mr. Rust was a commercial broker in Colorado where he earned recognition as a “Heavy Hitter” in commercial investment sales from the Denver Business Journal. In addition, Mr. Rust founded and served as president of Snowshoe Ridge Properties, LLC, a successful real estate holding and development firm. Mr. Rust is active in the industry as a long standing member of the International Council of Shopping Centers (ICSC), the Central Texas Commercial Association of Realtors (CTCAR) and the Real Estate Council of Austin (RECA). Mr. Rust attended Binghamton University in Binghamton, New York where he earned a bachelor’s degree in Mathematics/Computer Science and a minor in Business Administration.


Alan Rust, CCIM | Principal

CONTACT US

FOR MORE INFORMATION, PLEASE VISIT:www.retailsolutionsre.com

ALAN RUST, CCIMPrincipal - Investment Sales

Office 512.474.5557Direct 512.373.2814

[email protected]

AUSTIN7320 N Mopac ExpresswaySuite 101Austin, Texas 78731

DALLAS13601 Preston RoadSuite E1070Dallas, Texas 75240

HOUSTON9432 Katy FreewaySuite 300Houston, Texas 77055

MCALLEN200 S 10th StreetSuite 805McAllen, Texas 78501

MIDLAND4607 Pine Meadow DriveSuite 2Midland, Texas 79705

LOUISIANA600 Jefferson StreetSuite 407Lafayette, Louisiana 70501

EL PASO6006 North Mesa St., Suite 510El Paso, Texas 79912

ALBUQUERQUE2155 Louisiana Blvd N.E.Suite 7200Albuquerque, NM 87110





11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

License No.

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Reliance Retail LLC OR Texas RS LLC dba "Retail Solutions " 603091 OR 9003193 [email protected] 512-474-5557

David J. Simmonds OR David Russell Burggraaf

Designated Broker of Firm

459263 OR 518156

David J. Simmonds OR David Russell Burggraaf 459263 OR 518156

[email protected] 512-474-5557

[email protected] 512-474-5557Email Phone



sale-leaseback: texas semi truck & rv wash...the presentation of this real estate information is...

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