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8.0% CAP 2701 W. CORPUS CHRISTI STREET, BEEVILLE, TX 78102 CORPUS CHRISTI OIL AND GAS - 2% ANNUAL INCREASES $1,898,750 TRINITYREIS.COM

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Page 1: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

8.0% CAP2701 W. CORPUS CHRISTI STREET, BEEVILLE, TX 78102

C O R P U S C H R I S T I O I L A N D G A S - 2 % A N N U A L I N C R E A S E S $1,898,750

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

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

$1,898,750 | 8.0% CAP• Pro Oil & Gas Services - Almost 10 Years Remaining

• Attractive 2% Annual Rental Increases

• Tenant Reports Annual Financials to Landlord - Ask Agent forDetails

• Absolute NNN Lease - Zero Landlord Responsibilities

• Located in Beeville, TX - Just Outside of Corpus Christi

• Heart of the Eagle Ford Shale - Largest Shale Play in the World

• The Port of Corpus Christi is the Fourth-Largest Port in theUnited States Handling Break Bulk Cargo, Project Cargo, Oil andGas, etc..

• Texas Continues to Lead US in Oil Production - More Than 4X 2ndPlace State

BEEVILLE, TX

EXCLUSIVELY MARKETED BY:

BRANSON BLACKBURN325.864.9775 | [email protected]

CHANCE HALES806.679.9776 | [email protected]

MATT DAVIS325.513.6406 | [email protected]

Building Area: 16,265 SF

Land Area: 6.66 AC

Year Built: 1985

Guarantor: Pro Oil & Gas Services, LLC

Price (Psf): $116.74

Remaining Lease Term: 9+ Years

Rent Commencement: June 2019

Lease Expiration: June 2029

Base Annual Rent: $151,900

Lease Type: NNN

Scheduled Rent Increases: 2% Increase Annually

Options & Increases: Two (2), 5-Year

Insurance: PAID BY Tenant

Parking Lot Maintenance: PAID BY Tenant

Property Taxes: PAID BY Tenant

Roof & Structure: PAID BY Tenant

HVAC: PAID BY Tenant

PROPERTY DETAILS:

LEASE OVERVIEW:

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXINVESTMENT OVERVIEW

Page 3: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

POPULATION 1 MILE 3 MILE 5 MILE

Census Population (2010) 8,058 18,606 21,054

Estimated Population (2019) 8,160 19,164 21,911

Projected Population (2024) 8,166 19,286 22,138

POPULATION GROWTH

2010-2019 (Historical) 0.14% 0.32% 0.43%

2019-2024 (Projected) (0.29%) 1.47% 0.43%

HOUSEHOLDS

Total Households (2019) 3,082 5,871 6,914

HOUSEHOLD INCOME

2019 Average $50,822 $54,104 $57,729

2019 Median $36,054 $38,824 $40,406

DEMOGRAPHICS

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXDEMOGRAPHICS OVERVIEW - BEEVILLE

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

2019-2024Growth/Yr:Population

.43%

2019 AverageHousehold Income

$57,7292019 TotalPopulation

21,911

BEEVILLE 5 MILE RADIUS KEY DEMOGRAPHICS

Corpus Christi is home to Naval Air Station Corpus Christi,providing 6,200 civilian jobs to the local economy, making itthe single largest employer in the city. Additionally, CorpusChristi Army Depot, located on NAS Corpus Christi, is thelargest helicopter repair facility in the world.

Several of the attractions which bring people to CorpusChristi are located on North Beach - the Texas StateAquarium and the USS Lexington Museum are two of these.8 million people visit Corpus Christi every year, and tourismgenerates $1 billion for the region annually.

Beeville is located 60 miles from Corpus Christi, Texas.Corpus Christi is a South Texas coastal city with apopulation of 326,500+ making it the eighth-most populouscity in Texas.

The Corpus Christi metropolitan area has an estimatedpopulation of 442,600+ and is the hub of the six-countyCorpus Christi-Kingsville-Alice Combined Statistical Area.

The Port of Corpus Christi is the third-largest port in theUnited States in total tonnage (handling over 80 milliontons of cargo annually). The port is located on CorpusChristi Bay in the western Gulf of Mexico, with a straight45-foot-deep channel.

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXLOCATION OVERVIEW

Page 5: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXRETAIL MAP

Page 6: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXRETAIL MAP

Page 7: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXRETAIL MAP

Page 8: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXRETAIL MAP

Page 9: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXADDITIONAL PHOTOS

Page 10: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXADDITIONAL PHOTOS

Page 11: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXADDITIONAL PHOTOS

Page 12: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXADDITIONAL PHOTOS

Page 13: Offering Memorandum€¦ · Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations while remaining

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

TENANT SUMMARY

Pro Oil & Gas Services is an oilfield services company providing wireline, pumping services, flowback, frac stacks, wireline lubricators and pressure control,surface drilling, solids control, chemical mixing plants and torque and test services. The Company is headquartered in Houston, Texas and operates in theHaynesville Shale region of Louisiana, the Permian Basin region of West Texas and New Mexico, the Eagle Ford Shale region of South Texas and the MarcellusShale and Utica Shale regions of the Northeast.

Pro is a premium provider of a broad range of wellsite-oriented oilfield services focused on being a multi-basin provider of drilling and completion services.Offering one of the newest, most advanced wireline fleets in the industry, Pro places the utmost experience on exceeding customer expectations whileremaining at the forefront of industry safety regulations, regulatory standards, and technological innovation. In addition, Pro’s management team andemployees are experienced in all major operating areas and are able to address the varying needs of our customers to improve well performance. The Companypartnered with energy-focused private-equity firm Intervale Capital in 2017 to provide liquidity and fund growth initiatives.

Pro was founded in 2011 by oilfield entrepreneur Darrell Brewer who has built and sold several oilfield service companies. Mr. Brewer continues to serve as CEOof the business and retains a significant ownership stake.

Tenant Name: Pro Oil & Gas Services, LLC

Tenant Type: Oil & Gas

Year Founded: 2011

Ownership: Private

No. of Locations: 11 (as of November 2019)

Website: proosllc.com

No. of Employees: 250 - 500 +/- (as of November 2019)

Headquartered: Houston, TX

TENANT DETAILS:

2701 W. CORPUS CHRISTI STREET | BEEVILLE, TXTENANT OVERVIEW

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

2701 W. CORPUS CHRISTI STREET | BEEVILLE, 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.

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

INFORMATION ABOUT BROKERAGE SERVICES

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

CONTACT INFORMATION

EXCLUSIVELY MARKETED BY:

BRANSON BLACKBURN CHANCE HALES MATT DAVIS325.864.9775 806.679.9776 [email protected] [email protected] [email protected]