spring (houston) texas rayford shoppes om 1 2020€¦ · of chicago hardware store owners, ace...

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www.netrealtyadvisors.com OFFERED FOR SALE LISTED BY: Net Realty Advisors 12700 Hillcrest Road Suite #125 Dallas, Texas 75230 RAYFORD SHOPPES Gavin M. Kam Brad F. Kam 1.800.727.3147 FOR SALE 3789 Rayford Road| Spring (Houston), Texas 77386 Average Household Income within 1 Mile of $204,000 10 YEAR LEASES

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Page 1: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

www.netrealtyadvisors.com

OFFERED

FOR SALE

LISTED BY:

Net Realty Advisors12700 Hillcrest RoadSuite #125Dallas, Texas 75230

RAYFORD SHOPPES

Gavin M. KamBrad F. Kam1.800.727.3147

FOR

SAL

E

3789 Rayford Road| Spring (Houston), Texas 77386Average Household Income within 1 Mile of $204,000

10 YEAR LEASES

Page 2: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

CONFIDENTIALITY AGREEMENTCONFIDENTIALITY AND DISCLAIMER STATEMENT The information (the “Information”) contained hereinabove is of a proprietary and strictly confidential nature. Nothing contained hereinabove shall be construed as an offer by Net Realty Advisors and/or the owner (“Owner”) of the property (the “Property”) described hereinabove to sell the Property or any portion thereof. Owner has no legal commitment to accept, and may reject any or all expressions of interest. You should conduct your own due diligence review of the Property and verify all of the Information, and under no circumstances should the Information be substituted for a complete, thorough and comprehensive due diligence review of the Property. The Information has been obtained from sources believed to be reliable and is not necessarily all of the information a prospective purchaser might need to evaluate the Property; however, the reliability of such sources and the Information has not, and will not be verified, investigated or confirmed by Net Realty Advisors. Any projections, opinions, assumptions or estimates set forth in the Information are examples only and do not represent the current or future performance of the Property.

Neither Net Realty Advisors nor owner make, and Net Realty Advisors and owner hereby expressly disclaim, any representation, warranty, promise or guarantee, express or implied, concerning the property, including, without limitation, as to the size, square footage or use or development of the property, the financial situation of owner or any tenant or any tenant’s intentions to continue occupancy, the income or expenses of the property, the projected future performance of the property, the existence or non-existence (at any given time) of any hazardous materials or substances on, in, under or in the vicinity of the property, the property’s compliance with any laws, rules, regulations or orders (federal, state, local, administrative or otherwise) or the property’s suitability or fitness for any particular purpose. The information may not be relied upon by any person or entity and under no circumstances shall Net Realty Advisors and/or owner have any liability to any person or entity on account of the information. Owner reserves the right to withdraw the Property from the market at any time, for any reason or no reason at all. The Information is subject to change by Net Realty Advisors and/or Owner at any time and without notice.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT LISTING AGENT FOR MORE DETAILS.

RAYFORD SHOPPES

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Page 3: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

LOCATION MAPS

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AERIAL MAP

Page 4: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

LOCATION MAPSAERIAL MAP

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Page 5: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,
Page 6: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

OFFERING SUMMARY

Price: $4,5�5,400

CAP: 6.50% CAP

Year Built: 2019

GLA: 15,314 SFPrice/SF: $296.16

Occupancy: 100%Lot Size: 83,809

Tenant List:

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7.0%

$4,211,500

$275

Page 7: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

INVESTMENT HIGHLIGHTS

!" Rayford Shoppes is a 15,314 shopping center built in 2019. The property is located in Spring, a fast growing suburb of Houston, Texas. The average household income in a 1 mile radius exceeds $200,000 per year. The property is located in rapidly expanding, affluent submarket and subdivision. The population in a 2 mile radius has grown 55% in the last 5 years. Along 99, there has been an explosion of national retail development, as well as a brand new 5A high school.

!" Ace Hardware and Tapout Fitness both signed 10 year leases, that in-clude 10% rent increases in their primary terms and options. Ace Hard-ware strategically chose a location in Harmony subdivision to reopen a store in Spring. The Harmony subdivision is a 1,000 acre master planned development with 2,600 new single family homes from award winning home builders. The Harmony is adjacent to Bender’s Landing, a luxury home division of 1-2 ace lakefront homesites.

!" Tapout Fitness is an innovative national martial arts infused fitness con-cept, catering to both adults and kids. The concept is expanding into the Houston market. The demographics in the Harmony community are ideal for their model, which explains the strong opening membership numbers.

!" Montgomery County is considered one of the fastest growing counties in the United States. Since 2010, the population in the county has growing 30%, from 455,000 people to 595,000 people.

!" The property fronts Rayford Road with excellent visibility from Birnham Woods Drive. It shares acess with a Timewise convenience store and Exxon. Across the street is The Goddard School. Along Rayford Road and Birnham Woods Drive are state of the art, newly built public schools and parks. A few miles to the north, Rayford Road and Birnham Woods inter-sect with highway 99, Houston’s newest outer loop toll road.

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ATTRACTIVE PRICE/SF FOR NEW CONSTRUCTION: $296/SF

Page 8: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

RENT ROLL

TENANT NAME SQ FT

ANNUAL RENT

RENT PSF

LEASE TERM

INCREASES/OPTIONS

A Ace Hardware 10,000 $150,000 $15.0010 YEARS

8/1/2019-7/31/2029

Months 1-60: $15.00Months 61-120: $16.50

1st 10 Year Option: $18.502nd 10 Year Option: $20.00

B Tapout Fit-ness 5,314 $144,806 $27.25

10 YEARS

10/1/2019-9/30/2029

Months 1-2: Free Rent Months 3-60: $27.25Months 61-122: $29.98

1st 5 Year Option: Greater of Market Rent or $32.98

2nd 5 Year Option: Greater of Market Rent or $36.28

15,314 $294,806 $19.25 (AVG)

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Page 9: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

FINANCIAL SUMMARY

INCOME

Base Rent $294,806

Reimbursements $111,370

Gross Income $406,176

EXPENSESTaxes $63,170

Insurance $7,700

CAM $34,500

Management $6,000

Total Expenses $111,370

)

Net Operating Income: $294,806

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Page 10: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

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Ace Hardware has over 5,200 stores around the world with the major-ity of those stores independently owned and operated by local entre-preneurs.

Founded in 1924 by a small group of Chicago hardware store owners, Ace changed the retail landscape by allowing individual stores to pur-chase merchandise in bulk to save money and buy at the lowest pos-sible price. Ace Hardware operates in 70 countries.

NAME: Ace Hardware

SUITE # ASQUARE FOOTAGE 10,000

RENT PSF $15.00

COM-MENCE-MENT

8/1/2019

EXPIRATION 7/31/2029

OPTIONS

Months 1-60: $15.00Months 61-120: $16.50

1st 10 Year Option: $18.502nd 10 Year Option: $20.00

Page 11: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

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Tapout Fitness is martial arts-Infused fitness for all ages and fitness levels. Tapout clubs feature Tapout Fitness branded boxing, kickboxing, boot camp and high intensity interval training (HIIT) classes, which are complemented by some of today’s hottest group fitness programming.

Founded in 2014, Tapout Fitness is part of the Tapout brand family. Tapout is owned and operated by two powerhouse brands; Authentic Brands Group (ABG), a brand development, marketing and entertainment company, which owns a global portfolio of over 30 lifestyle, sports, celebrity and en-tertainment brands, and World Wrestling Entertainment the preeminent provider of wrestling-based entertainment.

NAME: Tapout Fitness

SUITE # BSQUARE FOOTAGE 5,314

RENT PSF $27.25

COM-MENCE-MENT

10/01/2019

EXPIRATION 9/30/2029

OPTIONS

Months 1-2: Free Rent Months 3-60: $27.25Months 61-122: $29.98

1st 5 Year Option: Greater of Market Rent or $32.98

2nd 5 Year Option: Greater of Market Rent or $36.28

Page 12: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

LOCATION MAPS

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Page 13: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

LOCATION MAPS

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Page 14: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

RAYFORD SHOPPES

LOCATION MAPSRECENT NEWS

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Page 17: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

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Page 18: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

PROPERTY NAMEAddress, City, ST

Asking Price: Request for Offer

Current CAP: Request for Offer

Proforma CAP: Request for Offer

Year Built: 2006

Building Size: 19,384 SF

Lot Size: 2.16 Acres

Occupancy: 71%

Contruction: Steel Block

Tenant List: Tenant

Tenant

Tenant

Tenant

Tenant

Tenant

Tenant

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Page 19: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,
Page 20: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,
Page 21: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,
Page 22: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,
Page 23: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,
Page 24: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,
Page 25: Spring (Houston) Texas Rayford Shoppes OM 1 2020€¦ · of Chicago hardware store owners, Ace changed the retail landscape by ... feature Tapout Fitness branded boxing, ... classes,

11-2-2015

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

brokerage services to prospec ve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .A BROKER is responsible for all brokerage ac vi es, 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 informa on about the property or transac on received by the broker; Answer the client’s ques ons and present any o er to or counter-o er from the client; and Treat all par es to a real estate transac on 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 wri en lis ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on 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 wri en representa on agreement. A buyer's agent must perform the broker’s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must !rst obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary:

Must treat all par es to the transac on impar ally and fairly; May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. Must not, unless speci!cally authorized in wri ng to do so by the party, disclose:

that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any con!den al informa on or any other informa on that a party speci!cally instructs the broker in wri ng 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 transac on 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 !rst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s du es and responsibili es to you, and your obliga ons under the representa on 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 no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker’s services. Please acknowledge receipt of this no ce below and retain a copy for your records.

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

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

Informa on available at www.trec.texas.gov IABS 1-0

Date

Net Realty Advisors LLC 596860 [email protected] 972 661 8476

Gavin M Kam 493003 [email protected] 972 661 8476