section 1 · financial analysis 12 sale comparables 16 rent comparables 22 ... pest control $1,195...

2

PROPERTY INFORMATION 3

LOCATION INFORMATION 7

FINANCIAL ANALYSIS 12

SALE COMPARABLES 16

RENT COMPARABLES 22

DEMOGRAPHICS 27

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

Brookview Center5634 State Highway 78, Sachse, TX 75048

TABLE OF CONTENTS

Section 1 PROPERTY INFORMATION

4

Sale Price: $1,909,000

Building Size: 8,723 SF

Lot Size: 0.59 Acres

Price / SF: $218.85

Cap Rate: 6.75%

NOI: $128,849

Year Built: 1985

OFFERING SUMMARY

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

Total Households 4,709 25,431 86,986

Total Population 13,793 76,161 258,488

Average HH Income $97,374 $115,248 $100,136

PROPERTY OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire a fully stabilized, multi-tenant retail center in the rapidlygrowing Dallas suburb of Sachse, Texas.


PROPERTY INFORMATION | EXECUTIVE SUMMARY

5

PROPERTY DESCRIPTION

Marcus & Millichap is pleased to offer the opportunity to acquire a fully stabilized,

multi-tenant retail center in the rapidly growing Dallas suburb of Sachse, Texas. Brookview

Center is 100 percent occupied, and all leases are triple-net. Tenants are a complementary

mix of credit and local retailers, consisting of Cricket Wireless, Farmers Insurance, Sachse

Chiropractor, Dr. Charles Carter DDS, A Hair Tech, Donut Palace, Treasure Trade, and Pure

Massage. Constructed in 1985, the building is 8,723 square feet and sits on a .59-acre lot.

LOCATION DESCRIPTION

The subject property is located on State Highway 78, the major thoroughfare in the city.

Traffic counts exceeds 40,100 vehicles per day in front of the property. Retailers in the

immediate area include Discount Tire, Walgreens, Allsup’s Convenience Store, Sonic

Drive-In, Pizza Hut, Dollar General, Kroger grocery store, Whataburger, Wingstop,

McDonald’s, CVS, O’Reilly Auto Parts, and others.

Brookview Center is also less than two miles north of Firewheel Town Center, featuring over

125 retail stores and anchored by Dillard’s, Macy’s, AMC Theatres, Barnes & Noble, Dick’s

Sporting Goods, TGI Fridays, DSW and Pier 1 Imports. The property is well-situated in a

dense residential area, with a population exceeding 260,200 residents within a five-mile

radius. Additionally, the average household income is approximately $98,000 within one mile,

$114,900 within three miles and $100,136 within five miles.

Sachse is a northeastern suburb of Dallas, approximately one mile north of the President

George Bush Turnpike. The eastern expansion of the President George Bush Turnpike will

offer a multitude of opportunities for businesses and residents in Sachse. The newly

completed widening of Highway 78 through the city has also expanded the opportunity for

new businesses to make Sachse home.


PROPERTY INFORMATION | PROPERTY DESCRIPTION

6

BUILDING INFORMATION

Occupancy % 100.0%

Tenancy Multiple

Year Built 1985

Type Of Ownership Fee Simple

County Dallas

PROPERTY HIGHLIGHTS

• 8,723-Square Foot, Multi-Tenant Retail Center

• Fully Stabilized | 100% Occupied | 100% of the Leases are Triple-Net

• All Leases have a Personal Guaranty

• Complementary Mix of Service-Oriented, Internet-Resistant Tenants

• Recent Building Renovations Include a New Roof, Gutters and Front Fascia in 2016

• Highway Location on the City's Major Thoroughfare

• Traffic Counts Exceed 40,100 Vehicles per Day in Front of the Property

• Area Enjoys Excellent Demographics | More than 260,200 Residents Within Five Miles

• Highly Affluent Population with an Average Household Income of $98,000 Within a One-Mile Radius, $114,900 Within Three Miles and $99,700 Within Five Miles

• Less than Two Miles North of Firewheel Town Center | Anchored by Dillard's, Macy's,AMC Theatres, Barnes & Noble, and Dick's Sporting Goods and Featuring more than 125retail stores


PROPERTY INFORMATION | COMPLETE HIGHLIGHTS

Section 2 LOCATION INFORMATION

8

Brookview Center


LOCATION INFORMATION | REGIONAL MAP

9


LOCATION INFORMATION | LOCATION MAPS

1 0


LOCATION INFORMATION | AERIAL MAPS

1 1


LOCATION INFORMATION | AERIAL MAPS

Section 3 FINANCIAL ANALYSIS

1 3

INVESTMENT OVERVIEW CURRENT

Price $1,909,000

Price per SF $218.85

CAP Rate 6.75 %

Total Return (yr 1) $128,849

OPERATING DATA CURRENT

Gross Income $170,469

Operating Expenses $41,620

Net Operating Income $128,849

FINANCING DATA CURRENT

Down Payment $1,909,000

Loan Type All Cash


FINANCIAL ANALYSIS | FINANCIAL SUMMARY

INCOME SUMMARY CURRENT PER SF

Base Rent $128,849 $14.77

Real Estate Taxes Reimbursements $20,104 $2.30

Insurance Reimbursements $8,445 $0.97

Common Area Maintenance Reimbursements $10,571 $1.21

Management Fee Reimbursements $2,500 $0.29

Gross Income $170,469 $19.54

EXPENSE SUMMARY CURRENT PER SF

Real Estate Taxes $20,104 $2.30

Insurance $8,445 $0.97

Utilities $1,152 $0.13

Lawn Service/Cleaning $1,675 $0.19

Pest Control $1,195 $0.14

Trash Service $2,824 $0.32

Repairs & Maintenance $2,747 $0.31

Other $978 $0.11

Management Fee $2,500 $0.29

Gross Expenses $41,620 $4.77

Net Operating Income $128,849 $14.77

1 4


FINANCIAL ANALYSIS | INCOME & EXPENSES

TENANT

NAME

PERSONAL

GTY

UNIT

SIZE (SF)

% OF

GLA

LEASE

START

LEASE

END

ANNUAL

RENT

ESC

DATE

PRICE

PER YEAR

LEASE

TYPE OPTION

EXPENSE

REIMBURSEMENT

Donut Palace Yes 900 10.32 9/16/85 9/15/24 $15,300 $17.00 NNN (4) 5-Yr @ Mkt $4,295.18

Pure Massage Yes 872 10.0 8/01/15 10/31/20 $12,208 $14.00 NNN (1) 3-Yr @ Mkt $4,162.00

Farmers Insurance Yes 989 11.34 8/01/16 10/31/19 $12,857 $13.00 NNN (1) 3-Yr @ Mkt $4,719.71

Treasure Trade Yes 1,319 15.12 9/01/15 10/31/22 $19,785

1/1/2020

1/1/2021

$15.00

$16.00

$17.00

NNN (1) 3-Yr @ Mkt $6,292.94

A Hair Tech Yes 840 9.63 4/01/17 3/31/22 $12,600

4/1/2020

$15.00

$16.00

NNN (1) 5-Yr @ Mkt $4,008.01

Cricket Wireless Yes 1,313 15.05 12/15/16 3/31/20 $17,069 $13.00 NNN (2) 3-Yr @ Mkt $6,263.81

Dr. Charles Carter DDS Yes 840 9.63 7/01/16 6/30/20 $14,280 $17.00 NNN (1) 1-Yr @ $17 $4,008.01

Sachse Chiropractor Yes 1,650 18.92 11/01/14 10/31/19 $24,750 $15.00 NNN (1) 5-Yr @ Mkt $7,870.34

Totals/Averages 8,723 $128,849 $14.77 $41,620.00

1 5


FINANCIAL ANALYSIS | RENT ROLL

Section 4 SALE COMPARABLES

SUBJECT PROPERTY

5634 State Highway 78 | Sachse, TX 75048

$1,909,000Sale Price: 0.59 ACLot Size:

1985Year Built: 8,723 SFBuilding SF:

$218.85Price PSF: 6.75%Cap:

$128,849NOI:

1

THE PROMENADE ON CARRIER

1101 North Carrier Parkway | Grand Prairie, TX 75050

$1,025,000Sale Price: 1 ACLot Size:


$138.79Price PSF: 5.68%CAP:

06/28/2017Closed: 78%Occupancy:

MetroPCS, Subway, DFW Staffing, Tax Solutions

1

2

1881 NORTH CENTRAL EXPRESSWAY

1881 North Central Expressway | Plano, TX 75075





Shipley Donuts and Jersey Mikes

2

1 7


SALE COMPARABLES | SALE COMPS

3

DOMINO'S PIZZA - DENTIST

3380 Long Prairie Road | Flower Mound, TX 75022





3

4

LUCAS VILLAGE

501 South Angel Parkway | Allen, TX 75002





Hubler Dental, Oasis Nail Spa, Choy Dental

4

5

HULEN CROSSING

8615 South Hulen Street | Fort Worth, TX 76123





Hulen Crossing Family Dental, Little Caesar's, Nail Salon and Spa, Cleaner'sCorner

5

1 8



6

EDMONDS PLAZA EAST AND WEST

771 West Round Grove Road | Lewisville, TX 75067





Park Dental, The Liquor Outpost, Victoria Nail Bar, Burgerim

6

1 9



SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP

Brookview Center

5634 State Highway 78

Sachse, TX 75048

$1,909,000 8,723 SF $218.85 6.75%

SALE COMPS PRICE BLDG SF PRICE/SF CAP CLOSE

The Promenade on Carrier1101 North Carrier Parkway

Grand Prairie, TX 75050

$1,025,000 7,385 SF $138.79 5.68% 06/28/2017

1881 North Central Expressway1881 North Central Expressway

Plano, TX 75075

$1,450,000 3,750 SF $386.67 6.17% 10/11/2018

Domino's Pizza - Dentist3380 Long Prairie Road

Flower Mound, TX 75022

$1,875,000 3,380 SF $554.73 6.21% 01/11/2019

Lucas Village501 South Angel Parkway

Allen, TX 75002

$3,660,000 8,218 SF $445.36 6.34% 02/01/2019

Hulen Crossing8615 South Hulen Street

Fort Worth, TX 76123

$1,775,000 9,730 SF $182.43 6.58% 07/09/2018

Edmonds Plaza East and West771 West Round Grove Road

Lewisville, TX 75067

$4,450,000 15,500 SF $287.10 6.59% 11/15/2018

PRICE BLDG SF PRICE/SF CAP CLOSE

Totals/Averages $2,372,500 7,994 SF $296.79 6.26%

1

2

3

4

5

6

2 0


SALE COMPARABLES | SALE COMPS SUMMARY

2 1

5634 State Highway 78 | Sachse, TX 75048SUBJECT PROPERTY

1 1101 North Carrier Parkway

Grand Prairie, TX 75050

THE PROMENADE ON CARRIER2

1881 North Central Expressway

Plano, TX 75075

1881 NORTH CENTRALEXPRESSWAY 3 3380 Long Prairie Road

Flower Mound, TX 75022

DOMINO'S PIZZA - DENTIST4 501 South Angel Parkway

Allen, TX 75002

LUCAS VILLAGE

5 8615 South Hulen Street

Fort Worth, TX 76123

HULEN CROSSING6 771 West Round Grove Road

Lewisville, TX 75067

EDMONDS PLAZA EAST AND WEST


SALE COMPARABLES | SALE COMPS MAP

Section 5 RENT COMPARABLES

2 3

SUBJECT PROPERTY


$14.77 SF/YRLease Rate: NNNLease Type:

0 SFSpace Size: 1985Year Built:

0.59 ACLot Size:

1

SACHSE CENTER

5840-5848 State Highway 78 | Sachse, TX 75048

$15.00 SFLease Rate: NNNLease Type:

SFSpace Size: 1987Year Built:

9,000 SFBldg Size: 0.64 ACLot Size:

100%Occupancy:

The Dog Salon, Twin Nails, Burger Island, Atr Floors and Decor

1

2

TRINITY CENTER





87%Occupancy:

Furniture Connection

2


RENT COMPARABLES | RENT COMPS

2 4

3

SACHSE CROSSING

6504 Highway 78 | Sachse, TX 75048


1,190 SFSpace Size: 2002Year Built:


89%Occupancy:

Hot Shots Liquor, Edward Jones, Allstate Insurance, Sachse Ice House

3

4

SACHSE PLAZA





100%Occupancy:

Panda Chef, Fit 24 X, Star Cutters, The Brick Tavern, No. 1 Foot Spa

4

5

OAK GROVE PLAZA I



4,757 SFSpace Size: 2004Year Built:


86%Occupancy:

Subway, Colonial Savings, Martial Arts, Mogio's Pizza, Wingstop, Emler Swim School

5


RENT COMPARABLES | RENT COMPS

2 5

SUBJECT PROPERTY PRICE/SF/YR AVAILABLE SF BLDG SF OCCUPANCY %

Brookview Center

5634 State Highway 78

Sachse, TX 75048

$14.77 SF/yr (NNN) 0 SF 8,723 SF 100.0%

RENT COMPS PRICE/SF/YR AVAILABLE SF BLDG SF OCCUPANCY %

Sachse Center5840-5848 State Highway 78

Sachse, TX 75048

$15.00 - 9,000 SF 100%

Trinity Center6406 State Highway 78

Sachse, TX 75048

$16.00 700 SF 5,500 SF 87%

Sachse Crossing6504 Highway 78

Sachse, TX 75048

$17.00 1,190 SF 10,500 SF 89%

Sachse Plaza7340 State Highway 78

Sachse, TX 75048

$18.00 0 SF 34,750 SF 100%

Oak Grove Plaza I5250 State Highway 78

Sachse, TX 75048

$19.00 4,757 SF 34,817 SF 86%

PRICE/SF/YR AVAILABLE SF BLDG SF OCCUPANCY %

Totals/Averages $17.00 2,216 SF 18,913 SF 92.4%

1

2

3

4

5


RENT COMPARABLES | RENT COMPS SUMMARY

2 6

1 5840-5848 State Highway 78Sachse, TX 75048

SACHSE CENTER2 6406 State Highway 78

Sachse, TX 75048

TRINITY CENTER3 6504 Highway 78

Sachse, TX 75048

SACHSE CROSSING4 7340 State Highway 78

Sachse, TX 75048

SACHSE PLAZA

5 5250 State Highway 78Sachse, TX 75048

OAK GROVE PLAZA I

5634 State Highway 78 | Sachse, TX 75048SUBJECT PROPERTY


RENT COMPARABLES | RENT COMPS MAP

Section 6 DEMOGRAPHICS

2 8


DEMOGRAPHICS | DEMOGRAPHICS MAP & REPORT

2 9

POPULATION 1 MILE 3 MILES 5 MILES

Total Population 13,793 76,161 258,488

Median age 38.0 35.5 34.3

Median age (Male) 37.1 35.1 33.8

Median age (Female) 39.0 36.1 34.7

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 4,709 25,431 86,986

# of persons per HH 3.1 3.1 3.1

Average HH income $97,374 $115,248 $100,136

Average house value $241,109 $223,626 $199,549

RACE 1 MILE 2 MILES 3 MILES

Total Population - White 9,634 47,998 168,662

% White 69.8% 63.0% 65.2%

Total Population - Black 1,381 8,349 34,917

% Black 10.0% 11.0% 13.5%

Total Population - Asian 2,324 17,189 45,696

% Asian 16.8% 22.6% 17.7%

Total Population - Hawaiian 7 55 219

% Hawaiian 0.1% 0.1% 0.1%

Total Population - American Indian 148 645 2,325

% American Indian 1.1% 0.8% 0.9%

Total Population - Other 299 1,926 6,668

% Other 2.2% 2.5% 2.6%

* Demographic data derived from 2010 US Census


DEMOGRAPHICS | DEMOGRAPHICS MAP & REPORT

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 · financial analysis 12 sale comparables 16 rent comparables 22 ... pest control $1,195...

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