section 1 - loopnet · as agent for owner (seller/landlord) : the broker becomes the property...

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PROPERTY INFORMATION 3

Executive Summary 4

Property Description 5

Complete Highlights 6

LOCATION INFORMATION 7

Regional Map 8

Location Maps 9

Aerial Map 10

Aerial Map 11

FINANCIAL ANALYSIS 12

Financial Summary 13

Income & Expenses 14

Rent Roll 15

DEMOGRAPHICS 16

Demographics Report 17

Demographics Map 18

IABS 19

backlrg.pdf 20

ContentsConfidentiality & Disclaimer

The information contained in the following Marketing Brochure is proprietary and strictlyconfidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichapand should not be made available to any other person or entity without the written consent ofMarcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only a preliminary level of interest in thesubject property. The information contained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not made any investigation, and makes nowarranty or representation, with respect to the income or expenses for the subject property, thefuture projected financial performance of the property, the size and square footage of theproperty and improvements, the presence or absence of contaminating substances, PCB's orasbestos, the compliance with State and Federal regulations, the physical condition of theimprovements thereon, or the financial condition or business prospects of any tenant, or anytenant’s plans or intentions to continue its occupancy of the subject property. The informationcontained in this Marketing Brochure has been obtained from sources we believe to be reliable;however, Marcus & Millichap has not verified, and will not verify, any of the information containedherein, nor has Marcus & Millichap conducted any investigation regarding these matters andmakes no warranty or representation whatsoever regarding the accuracy or completeness of theinformation provided. All potential buyers must take appropriate measures to verify all of theinformation set forth herein.

Non-Endorsement Notice

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant orlessee identified in this marketing package. The presence of any corporation’s logo or name is notintended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporationof Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commerciallisting of Marcus & Millichap, and is solely included for the purpose of providing tenant lesseeinformation about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS

Bachman Corner Shopping Center3021 Bachman Drive, Dallas, TX 75220

TABLE OF CONTENTS

Section 1 PROPERTY INFORMATION

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OFFERING SUMMARY

Sale Price: $2,225,000

Cap Rate: 7.00%

NOI: $155,747

Lot Size: 0.71 Acres

Building Size: 5,548

Year Built: 2005

Price / SF: $401.05

Marcus & Millichap is pleased to offer the opportunity to acquire a stabilized 5,548-square foot multi-tenant retail center in Dallas,Texas.

PROPERTY OVERVIEW

DEMOGRAPHICS

1 MILE 3 MILES 5 MILES

Total Households 7,442 26,529 77,942

Total Population 27,612 87,798 227,656

Average HH Income $35,776 $70,653 $101,903


PROPERTY INFORMATION | EXECUTIVE SUMMARY

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PROPERTY OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire a stabilized 5,548-square foot multi-tenant retail

center in Dallas, Texas. The center is 100 percent occupied, and 97 percent of the gross leasable area has triple-net

leases. Tenants consist of Baja I nsurance, GI I nsurance and Tax Preparation, V&C Hair Salon, World Finance,

Empowered from Team Beauty, and a Bank of America drive-thru ATM. The building was constructed in 2005 and

sits on a 0.71-acre lot.

LOCATION OVERVIEW

The subject property faces Northwest Highway at the intersection with Bachman Drive, with multiple ingress and

egress points. Traffic counts are approximately 40,350 vehicles per day. The property is directly northwest of Dallas

Love Field Airport, serving seven million passengers a year and providing a vital link in the City of Dallas’ economy.

National and regional retailers in the area include Walmart, Walgreens, Sam’s Club, Family Dollar, Golden Chick,

RaceTrac, Chipotle, Pollo Regio, Panda Express, Pollo Campero, Starbucks, GameStop, Whataburger, AutoZone,

Target, Chick-fil-A, J immy J ohn’s, S print, E mbassy S uites, a nd m any m ore. T he s urrounding a rea i s densely

populated with more than 247,000 residents within five miles of the property, and the five-mile average household

income is $108,860.

The Dallas area is a fast-growing economy in a local market of 7.1 million residents. With the cost of living at 96.1

percent of the national average and no personal income tax, Dallas offers a wonderful quality of life. In 2016, DISD

had the first and fourth highest-rated public high schools in the nation, according to U.S. News and World Report. A

growing transit system includes 62 rail stations, plus two more planned. Area colleges and universities enroll

342,000 students, and Dallas has the largest arts district in the United States. Thousands of restaurants, 28

libraries, 80.9 million square feet of shopping, 23,000 park acres, 143 miles of trails, plus franchises for all the major

professional sports leagues provide endless entertainment. The Dallas area is home to 21 Fortune 500 companies.

The city is home to 300 corporate headquarters that each employ more than 1,000 people globally. Of Forbes’

largest privately held companies, seven are located in the Dallas area.


PROPERTY INFORMATION | PROPERTY DESCRIPTION

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SALE HIGHLIGHTS

• 5,548-Square Foot Multi-Tenant Retail Strip

• 100 Percent Occupied | 76 Percent of the Gross Leasable Area has Newly

Executed Leases

• 97 Percent of the Gross Leasable Area has Triple-Net Leases

• Includes a Two-Lane Bank of America Drive-Through ATM

• Infill Location in Northwest Dallas

• Located at the Intersection of Northwest Highway and Bachman Drive with

Multiple Ingress and Egress Points

• Traffic Counts are Approximately 40,350 Vehicles per Day

• Property is Directly Northwest of Dallas Love Field Airport | Serves More than

seven Million Passengers Annually | Underwent a $519 Million Renovation in

Recent Years , Including a Centralized Terminal with 20 Gates, a New Lobby and

an Expanded Baggage Claim Area

• Near Major Retail Traffic Drivers Such as Walmart Supercenter, Sam's Club, and

Target

• Strong Demographics | Five-Mile Population Exceeds 247,000 Residents | Five-

Mile Average Household Income is $108,860


PROPERTY INFORMATION | COMPLETE HIGHLIGHTS

Section 2 LOCATION INFORMATION

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Bachman Corner ShoppingCenter


LOCATION INFORMATION | REGIONAL MAP

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LOCATION INFORMATION | LOCATION MAPS

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LOCATION INFORMATION | AERIAL MAP

1 1


LOCATION INFORMATION | AERIAL MAP

Section 3 FINANCIAL ANALYSIS

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INVESTMENT OVERVIEW

Price $2,225,000Price per SF $401.05CAP Rate 7.00%

Total Return (yr 1) $155,747

OPERATING DATA

Gross Income $211,293

Operating Expenses $55,546

Net Operating Income $155,747

FINANCING DATA

Down Payment $2,225,000Loan Type All Cash


FINANCIAL ANALYSIS | FINANCIAL SUMMARY

INCOME SUMMARY PER SF

Base Rent $157,257 $28.34

Real Estate Taxes Reimbursements $28,701 $5.17

Insurance Reimbursements $6,414 $1.16

Common Area Maintenance Reimbursements $10,651 $1.92

Management Fee Reimbursements $8,270 $1.49

Gross Income $211,293 $38.08

EXPENSE SUMMARY PER SF

Real Estate Taxes $29,503 $5.32

Insurance $6,593 $1.19

Trash $1,824 $0.33

Water $2,700 $0.49

Weekly Maintenance $2,625 $0.47

Landscaping Materials $500 $0.09

Sprinkler $1,000 $0.18

Miscellaneous Repairs $500 $0.09

Electricity $1,800 $0.32

Management Fee $8,501 $1.53

Gross Expenses $55,546 $10.01

Net Operating Income $155,747 $28.07

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FINANCIAL ANALYSIS | INCOME & EXPENSES

TENANT

NAME

UNIT

NUMBER

UNIT

SIZE (SF)

% OF

GLA

LEASE

START

LEASE

END

ANNUAL

RENT

ESC

DATE

PRICE

PER YEAR

LEASE

TYPE OPTION

EXPENSE

REIMBURSEMENT

Baja Insurance 100 990 17.84 2/01/18 1/31/23 $24,750 $25.00 NNN (2) 3-Yr $9,909.41

GI Insurance & Tax Preparation 102 945 17.03 2/01/18 1/31/21 $25,515 $27.00 NNN None $9,459.48

V&C Hair Salon 104 1,127 20.31 3/14/18 3/31/23 $25,921 $23.00 NNN (1) 5-Yr $11,281.39

World Acceptance 106 1,168 21.05 10/01/11 8/31/19 $29,434 $25.20 NNN (1) 2-Yr $11,692.43

Empowered from Team Beauty 108 1,168 21.05 4/15/18 4/30/23 $24,037 $20.58 NNN None $11,692.43

Bank of America (ATM) 150 2.7 10/13/05 9/31/26 $27,600 $184.00 Gross None

Totals/Averages 5,548 $157,257 $28.34 $54,035.14

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FINANCIAL ANALYSIS | RENT ROLL

Section 4 DEMOGRAPHICS

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1 MILE 3 MILES 5 MILES

Total population 27,612 87,798 227,656

Median age 25.1 30.9 33.8

Median age (Male) 25.7 31.1 33.8

Median age (Female) 23.5 30.4 33.7

Total households 7,442 26,529 77,942

Total persons per HH 3.7 3.3 2.9

Average HH income $35,776 $70,653 $101,903

Average house value $113,311 $219,562 $339,377

* Demographic data derived from 2010 US Census


DEMOGRAPHICS | DEMOGRAPHICS REPORT

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POPULATION 1 MILE 3 MILES 5 MILES

Total population 27,612 87,798 227,656

Median age 25.1 30.9 33.8

Median age (Male) 25.7 31.1 33.8

Median age (Female) 23.5 30.4 33.7

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 7,442 26,529 77,942

# of persons per HH 3.7 3.3 2.9

Average HH income $35,776 $70,653 $101,903

Average house value $113,311 $219,562 $339,377

* Demographic data derived from 2010 US Census


DEMOGRAPHICS | DEMOGRAPHICS MAP

INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, 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 information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction 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 written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information 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 written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

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

• Must treat all parties to the transaction impartially and fairly; • May, with the parties' written 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 instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose:

that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing 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 transaction 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 duties and responsibilities to you, and your obligations under the representation 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 notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Information available at www.trec.texas.gov Regulated by the Texas Real Estate Commission IABS 1-0

11-2-2015

Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate License No. Email Phone

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

Buyer/Tenant/Seller/Landlord Initials Date

section 1 - loopnet · as agent for owner (seller/landlord) : the broker becomes the property...

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