new brident dental infill houston location€¦ · dental service organizations in the country with...

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[ REPRESENTATIVE PHOTO ] 168,000+ Residents within 3 miles 10% rental increases in base term & options 7750 W. Bellfort St., Houston, TX 77071 [ www.CapitalPacific.com ] New brident dental infill houston location HIGH DENSITY HIGH GROWTH CORPORATE GUARANTEE

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Page 1: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

[ REPRESENTATIVE PHOTO ]

168,000+ Residents within 3 miles10% rental increases in base term & options7750 W. Bellfort St., Houston, TX 77071

[ www.CapitalPacific.com ]

New brident dentalinfill houston location

• HIgH dENSITy• HIgH gROwTH• cORPORATE guARANTEE

Page 2: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

RenTaBle SF . . . . . . . . . . . . . . . 4,312 SF

land aRea . . . . . . . . . . . . . . . 0 .90 Acres

YeaR BUIlT . . . . . . . . . . . . . . . 2016

leaSe eXPIRaTIon . . . . . . . . . 2027

PRICE: $3,104,640CAP: 6.25%

Listing Teamcontact Info

RIcK SANNERrsanner@capitalpacific .com | (415) 274-2709CA BRE# 01792433

John Andreinijandreini@capitalpacific .com | (415) 274-2715CA BRE# 01440360

PROperty Summary

NEW FREESTANDING BRIDENT DENTAL IN HOUSTON ON W. BELLFORT AVE: HIGH VISIBILITY, HIGH TRAFFIC COUNTS, HIGH DENSITY AND HIGH BARRIERS TO ENTRY.

Capital Pacific collaborates . Click Here to meet the rest of our San Francisco team .

In conjunction with TX licensed broker: Peter Ellispeter .e@sbcglobal .net | (210) 325-7578

[ REPRESENTATIVE PHOTO ] brident dental | 2

Page 3: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

168,000 Residents within a 3-mile radiusNational Tenant

core characteristics

NEW 10+ YEAR CORPORATE LEASE IN HOUSTON WITH HIGH BARRIERS TO ENTRY AND LImITED COmPETITION. BRAND NEW CONSTRUCTION - LOCATED DIRECTLY ACROSS THE STREET FROm THRIVING GROCER.

Lease HigHLigHts10% rental increases every 5 years throughout the base term and the four option periods .

Tenant responsible for interior non-structural components, HVAC and parking lot . Tenant is also responsible for real estate tax, maintenance and insurance . Landlord is responsible for roof and structure .

The guarantor of the lease (Premier Dental Holdings Inc .) is the parent company of Brident Dental Services LLC and Western Dental LLC, and has nearly $500 million in assets .

ProPerty HigHLigHtsLocated within the outer loop of Houston, along a major east/west arterial that connects Interstate 610 with Sam Houston Parkway .

Subject property is located on W . Bellfort Avenue with traffic counts exceeding26,000 vehicles per day . The location benefits from an impressive six points of ingress and egress .

Nearby tenants include Walmart Neighborhood Market, Walgreens, Home Depot, Fiesta Supermarket and Pollo Campero . Directly across the street from the subject property is recently constructed “Joe V’s,” which is a warehouse-style, no frills, grocery chain concept operated by Texas powerhouse grocer, HEB .

168,000+ residents within a 3-mile radius with strong population growth in the 1, 3, and 5 mile radii . The dense residential population coupled with a limited amount of available land for development make this an ideal location for Brident Dental to thrive .

The 2015 average household income exceeds $60,000 within a 3-mile radius .

[ REPRESENTATIVE PHOTO ] brident dental | 3

Page 4: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

aerial LOCATED ON BELLFORT AVE, wiTh A TRAFFiC COUNT EXCEEDiNG 26,200 VPD

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Boulevard

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oad

Sam Houston Parkway

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610

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BRAEBURN COUNTRY CLUB

anderson elementary

Foerster elementaryGross

elementary

Bell elementary

aa Milne elementary

Sharpstown International

School

Parker elementary

Johnston Middle School

Welch Middle School

Westbury Christian School

Westbury High School

FondRen SoUTHWeST VIllaGe

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26,231 DAiLY

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brident dental | 4

Page 5: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

surrounding retail

FondRen SoUTHWeST VIllaGe

26,231 DAiLY | w Bellfort Ave

brident dental | 5

Page 6: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

PRIcE $3,104,640 Price Per Square Foot: $720 .00Capitalization Rate: 6 .25%Total Rentable Area (SF): 4,312Lot Size (AC): 0 .90

STABILIZEd INcOME Per Square FootScheduled Rent $45 .00 $194,040 Effective Gross Income $45 .00 $194,040

LESS Per Square FootTaxes NNN $0 .00 Insurance NNN $0 .00 Total Operating Expenses NNN $0 .00

EQuALS NET OPERATINg INcOME $194,040

[ REPRESENTATIVE PHOTO ]

brident dental | 6

Page 7: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

rentalinCreaSeS

rent roll

TENANT INFO LEASE TERMS RENT SuMMARy

Tenant Name Sq . Ft . Term Current Rent

Monthly Rent

Yearly Rent

Monthly Rent/FT

Yearly Rent/FT

Brident Dental 4,312 10/15/16 10/14/21 $194,040 $16,170 $194,040 $3 .75 $45 .00

10/15/21 07/14/27 $17,787 $213,444 $4 .13 $49 .50

Option 1 07/15/27 07/14/32 $19,566 $234,788 $4 .54 $54 .45

Option 2 07/15/32 07/14/37 $21,522 $258,267 $4 .99 $59 .90

Option 3 07/15/37 07/14/42 $23,674 $284,094 $5 .49 $65 .88

Option 4 07/15/42 07/14/47 $26,042 $312,503 $6 .04 $72 .47

totals: 4,312 $194,040 $16,170 $194,040 $3.75 $45.00

rent is scheduled to commence october 15th, 2016

[ REPRESENTATIVE PHOTO ] brident dental | 7

Page 8: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

SITe Plan KeY

PARCEL OuTLINE:

LAND AREA: 39,080 SF

BuILDING AREA: 4,312 SF

INGRESS/EGRESS:

26,231 daIlY

site plan

W Bellfort avenue

pOLLO cAMPERO uNdER cONSTRucTION, ScHEduLEd cOMPLETION SEPTEMBER 2016

driv

e-Th

ru

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. brident dental | 8

Page 9: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

aBoUT THe GUaRanToR - PReMIeR denTal HoldInGSThe guarantor for the current lease is Premier Dental Holdings, Inc ., which is the parent company of Brident Dental Services, LLC and Western Dental, LLC . Premier Dental Holdings is one of the largest dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a partner network of over 1,700 dentists throughout Texas, California, Arizona, Nevada and Colorado . It is based in California and acts as a holding company providing all types of dental and oral health services .www.brident.com

tenant overview

[ REPRESENTATIVE PHOTOs ]

aBoUT THe TenanT - BRIdenT denTal oRTHodonTICSBrident Dental centers, DBA Brident Dental & Orthodontics, offer general and cosmetic dentistry and orthodontics throughout Texas, California and Colorado . The centers also offer special services including periodontics, endodontics, implants and whitening . The first Texas location opened in 2012 and the subject property will be the sixth location in the Houston area and the 30th overall . Brident Dental Services is affiliated with a dental and oral health maintenance organization that provides services in over 190 office locations and has over 4,000 team members .

premier dental holdings is one of the largest dental service organizations in the country with over 190 locations

$491 mPremier dental holdingS, inC.

assets

brident dental | 9

Page 10: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

2015 hOUSEhOLD iNCOmES

POPULATiON

TOP EmPLOYERS iN hOUSTON

demographics & regional map

Memorial Hermann Healthcare System The university of Texas M .D . Anderson Cancer Center ExxonMobil Shell Oil Company

26,231 DAiLY

HOuSTON

1-Mile 3-Mile 5-Mile

2010 29,343 160,300 448,2592015 30,688 168,942 470,0622020 32,695 180,658 501,703

1-Mile 3-Mile 5-Mile

Average $49,380 $60,415 $61,289

brident dental | 10

Page 11: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

aBoUT HoUSTon, TX

With a population of about 2 .1 million, Houston is the fourth-largest city in the united States and the largest city in Texas . Houston is also the seat of Harris County and the economic center of the Houston–Sugar Land–Baytown metropolitan area—the fifth-largest metropolitan area in the u .S . with a population over 6 .08 million .

Houston’s economy has a broad industrial base in the energy, manufacturing, aeronautics, transportation and health care sectors; only New York City is home to more Fortune 500 headquarters within its city limits .

Houston is also home to many cultural institutions and exhibits such as the Houston Museum District, which attracts more than 7 million visitors each year . Houston has an active visual and performing arts scene in the Theater District and is one of few u .S . cities that has year-round resident companies in all major performing arts .

Because of these strengths, Houston is designated as a global city by the Globalization and World Cities Study Group and Network and global management consulting firm A .T . Kearney .

Houston has been one of the fastest growing areas in the country for many years.

Most populous city in texas

location

brident dental | 11

Page 12: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

A unique HUMANRESULTS-DRIVEN client experience

THe CaPITal PaCIFIC eXPeRIenCe - oUR daIlY CoMMITMenT To oUR ClIenTS

[ www.CapitalPacific.com ]

In conjuction with TX licensed broker: Peter Ellispeter .e@sbcglobal .net | (210) 325-7578

JoHn andReInIjandreini@capitalpacific .com | (415) 274-2715 CA BRE# 01440360

[ Copyright © 2016 Capital Pacific ]

Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .

CHRIS KoSTaneCKI

CHRIS PeTeRS

daVe lUCaSZandY SMITHJaCK naVaRRa

ZeB RIPPle

Joe CaCCaMo

GReGG STeeleKaRla ZenS

RICK SanneRrsanner@capitalpacific .com | (415) 274-2709 CA BRE# 01792433

aaRon SUSMan

[ REPRESENTATIVE PHOTO ]

Page 13: New brident dental infill houston location€¦ · dental service organizations in the country with over 190 locations and over 4,000 team members . Premier Dental Holdings has a

10-10-11

B efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord

(owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about

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

Information About Brokerage Services

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly;

(2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner;

(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)

TREC No. OP-K