guadalupe station - san marcos, tx

GUADALUPE STATIONSAN MARCOS, TX

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2This 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

Offering Summary

Price $8,605,000

Cap Rate 5.78%

Net Operating Income $496,884

Price Per Sq Ft $490.93

Occupancy 100%

Year Built/Renovated 1959/2015

Gross Leasable Area 17,528 SF

Lot Size 1.04 Acres

Guadalupe Station301 N Guadalupe StreetSan Marcos, TX 78666

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PRICING & FINANCIAL ANALYSIS

incOme & expenSeS current pSf

Base Rent - Occupied Space (100%) $496,884 $28.35

Base Rent - Vacant Space $0 $0.00

GROSS POTENTAL RENT $496,884 $28.35

Exp. Reimb.

Real Estate Taxes $34,019 $1.94

Insurance $16,719 $0.95

CAM $36,209 $2.07

Mgmt. Fee $24,326 $1.39

Total Exp. Reimb. $111,273 $6.35

GROSS POTENTIAL INCOME $608,157 $34.70

Vacancy Factor (economic) 0.00% $0 $0.00

EFFECTIVE GROSS INCOME $608,157 $34.70

Expenses

Real Estate Taxes ($34,019) ($1.94)

Insurance ($16,719) ($0.95)

CAM ($36,209) ($2.07)

Mgmt. Fee (% of GPI) 4.00% ($24,326) ($1.39)

Total Expenses ($111,273) ($6.35)

NET OPERATING INCOME $496,884

expenSeS current pSfReal Estate Taxes $34,019 $1.94

Insurance $16,719 $0.95

CAM

Trash $12,588 $0.72

Elec. & Water $17,851 $1.02

Landscaping $2,400 $0.14

Porters $970 $0.06

Other $2,400 $0.14

Total CAM $36,209 $2.07

Management Fee (% of GPI) 4.00% $24,326 $1.39

TOTAL EXPENSES $111,273 $6.35

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RENT ROLL

Suite tenant Sq ft% Of Sq ft

Start endannual

rentpSf

eScalatiOn date

eScalatiOn amOunt

OptiOnSleaSe

type

199 Torchys Tacos 4,000 22.8% 2/1/2015 2/28/2025 $118,000 $29.50 3/1/2019 $30.00 2 x 5 NNN

184 Sport Clips 1,300 7.4% 2/6/2015 2/28/2025 $38,350 $29.50 3/1/2018 $30.50 2 x 5 NNN

174 Smoothie King 1,350 7.7% 4/15/2015 4/30/2025 $45,293 $33.55 5/1/2016 $33.60 2 x 5 NNN

164 Jersey Mikes 1,530 8.7% 4/21/2015 4/30/2025 $45,135 $29.50 5/1/2018 $30.50 2 x 5 NNN

155 Verts 1,819 10.4% 1/1/2016 1/31/2028 $48,204 $26.50 2/1/2021 $29.15 2 x 5 NNN

154 Pieology 2,400 13.7% 7/13/2015 7/31/2025 $72,960 $30.40 8/1/2016 $30.60 2 x 5 NNN

144 MedSpring 5,129 29.3% 12/15/2014 12/31/2019 $128,943 $25.14 1/1/2020 $33.35 2 x 5 NNN

Occupied 17,528 100.0% $496,884

Vacant 0 0.0%

Total 17,528 100.0%

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TENANT INFORMATION

Sport Clips (also known as SportClips) is an American-based chain of haircut salons (barbershops) which caters primarily to men and boys. Headquartered in Georgetown, Texas, the chain has over 1,000 franchised stores as of January 2013. In advertising, the chain touts the broadcasting of sports programming throughout the stores. Sports memorabilia and logo items are displayed and are offered for sale at some locations. In February 2009, Sport Clips was listed in Entrepreneur Magazine as one of the fastest growing franchises based on operating units. Sport Clips sponsors two drivers in NASCAR racing as well, Denny Hamlin in the #11 Toyota and Carl Edwards in the #19 Toyota. Both of these drivers drive for Joe Gibbs Racing.

tenant Overview

Tenant Sports Clips

Ownership Private

Years In Business 22 Years

Number of Locations 1,500+

Headquarters Georgetown, TX

Website www.sportsclips.com

MedSpring, acquired by Fresenius Medical Care, offers quick and convenient urgent care for a range of illnesses and injuries. From coughs and colds to cuts and broken bones, their doctors provide great care in clean modern centers when patients need it. Most MedSpring visits last less than an hour so patients can get back to what matters. There are currently MedSpring locations in Austin, Dallas and Houston, TX, and Chicago, IL. MedSpring also has locations in Boston, known as Partners Urgent Care, and is opening a location in Washington, D.C. With skilled physicians on-site each and every day at most centers, they are able to provide the convenient and reliable immediate care that patients and their family deserve. All of their facilities have lab and x-ray equipment so they’re able to treat most minor emergencies. Fresenius Medical Care provides coordinated health care services through a network of more than 2,200 dialysis facilities, outpatient cardiac and vascular labs, and urgent care centers, as well as the country’s largest practice of hospitalist and post-acute providers,

tenant Overview

Tenant MedSpring Urgent Care

Ownership Fresenius Medical Care Holdings, Inc.


Number of Locations 34+

Headquarters Austin, TX

Website www.medspring.com

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TENANT INFORMATION

Smoothie King is a smoothie food retailer that caters blended fruit-based drinks. First opening in 1973 as a stand-alone vitamin shop in Kenner, Louisiana, Smoothie King now encompasses over 600 locations. As their menu has grown, so has their following. Since 1989, Smoothie King has been named #1 franchise in their category by Entrepreneur Magazine, 20 times.

tenant Overview

Tenant Smoothie King

Ownership Private


Number of Locations 600+ Worldwide

Headquarters Metairie, Louisiana

Website www.smoothieking.com

Jersey Mike’s Subs is a submarine sandwich, or “sub”, chain headquartered in Manasquan, New Jersey. The Jersey Mike’s franchise has more than 1000 locations open and in development across the United States. Like the original Mike’s store in 1956, each Jersey Mike’s Subs serves submarine sandwiches made to order, slicing the meats and cheeses as needed. A popular way to top off the sandwich with condiments is to order it “Mike’s Way”, which involves sliced onions, shredded lettuce, tomatoes, oregano, salt (spices) and “The Juice” - a mixture of red wine vinegar and olive oil.

tenant Overview

Tenant Jersey Mike’s Subs

Ownership Private


Number of Locations 1,500+

Headquarters Manasquan, New Jersey

Website www.jerseymikes.com

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TENANT INFORMATION

VERTS is an award-winning fast-casual concept that serves chef-inspired Mediterranean food created fresh in our kitchens each day. Choose a delicious sandwich, wrap or salad featuring high-quality meat or hand-made falafel, add flavorful veggies, and then top it off with tasty sauces. Their build-as-you-go ordering process offers more than 250,000 entrée combinations, most with less than 550 calories. Co-founders Michael Heyne and Dominik Stein launched VERTS in 2011 in Austin, Texas with the simple idea of recreating the popular food they missed from their native Europe for American consumers. After graduating from business school at the University of Texas at Austin, Stein and Heyne first opened two VERTS restaurants, testing out their innovative fast-casual Mediterranean food concept.

tenant Overview

Tenant Verts Kebap

Ownership Private




Website www.vertskebap.com

Using only the freshest ingredients along with signature sauces and crusts, award-winning Pieology Pizzeria offers hand-crafted, personally-inspired pizzas in unlimited flavor combinations that are stone oven fired in less than three minutes. Founded in 2011 by Carl Chang, Pieology is the true “pie-oneer” in the fast casual custom pizza sector, evolving from the simple idea to turn America’s most crave-able food into an affordable and interactive experience. The mission of Pieology Pizzeria is to inspire individual creativity in a positive atmosphere where guests can gather with family and friends, while enjoying their delicious pizza creations. Along with providing great food and a memorable dining experience, Pieology is committed to making a positive difference in the communities it serves, one pie at a time. Pieology is on schedule to open 110 restaurants by the end of 2015, with commitments for 500.

tenant Overview

Tenant Pielogoy Pizzeria

Ownership Private



Headquarters Rancho Santa Margarita, CA

Website www.pieology.com

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TENANT INFORMATION

With a head full of ideas and a slight ache from partying all summer, Michael Rypka left his fancy executive chef job to chase his dreams. He soon found them in Austin with a newly acquired food trailer and a red Vespa scooter. Today Torchy’s Tacos operates over 30 stores and a trailer park. They’ve won a bunch of cool awards and had write-ups and videos spread across the nation. Torchy’s Tacos has rapidly expanded within the state of Texas since starting out in a trailer on South First and are now operating a location in Denver, CO.

tenant Overview

Tenant Torchy’s Tacos

Ownership Private




Website www.torchystacos.com

Subject Property Subject Property

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INVESTMENT HIGHLIGHTS

• Trophy Asset – Just Steps from Texas State University Campus – Over 38,000 Students with 18 Consecutive Years of Enrollment Growth

• San Marcos Named Fastest Growing City in the United States for Third Consecutive Year (2013, 2014, 2015 – Forbes.com)

• Dense In-Fill Location – Completely Renovated with All New Leases, Complimentary Mix of National and Strong Regional Tenants – Rare On-Site Parking with Best Parking Ratio in Downtown

• Irreplaceable Real Estate - Raw Land is Trading for Over $50 Per Square Foot to the Dirt

• Several High-Rise Multifamily Projects Currently Being Developed in Immediate Area – Increasing Foot Traffic and Population Density

• Amazon Announced Plans to Build Distribution Hub in San Marcos – Will Employ Over 1,000 Full-Time Employees

• San Marcos has an Incredibly Low Unemployment Rate, San Marcos: 3.4%, Texas: 4.6%, USA: 5.0%.

• The Building was Previously a Post Office Built by the US Government – Very Strong, Impressive Construction

• The Greater San Marcos Region is located in Central Texas, along the IH-35 Corridor between Austin and San Antonio, the 11th and 7th largest cities in the U.S.

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IN THE NEWS

SAN MARCOS AND AUSTIN FRONTRUNNERS IN POPULATION GROWTH IN THE COUNTRYTexas Tribune | May 21, 2015

city 2010 pOpulatiOn 2014 pOpulatiOn percent change

San Marcos 44,894 58,892 31.18%

Cedar Park 48,937 63,574 29.91%

Georgetown 47,400 59,102 24.69%

Frisco 116,989 145,035 23.97%

McKinney 131,117 156,767 19.56%

Conroe 56,207 65,871 17.19%

Pflugerville 46,936 54,644 16.42%

Austin 790,390 912,791 15.49%

Midland 111,147 128,037 15.20%

New Braunfels 57,740 66,394 14.99%

Source: United States Census Bureau

As Texas’ population surged by 1.8 million people from 2010 to 2014, the state’s suburban population growth outpaced growth in major metropolitan areas, census figures show. New estimates released Thursday by the U.S. Census Bureau spotlighted the fastest-growing areas of Texas that are supporting projections that the state’s population will double by 2050. Among Texas cities with a population larger than 50,000, San Marcos ranked as the fastest-growing. Its population grew by 31 percent from 44,894 in 2010 to 58,892 in 2014, making up almost a third of the population of Hays County, which is among the fastest-growing U.S. counties.

Nationally, San Marcos was ranked as the fastest-growing city in the nation for the third consecutive year.

Ten Fastest-Growing Cities in TexasBetween 2010 and 2014, suburbs in metropolitan areas made up most of the 10 fastest-growing Texas cities with a population larger than 50,000. The only big city among the top 10 is Austin.

Houston, San Antonio and Dallas maintained the same spots on the list of 10 largest cities in the U.S.

But Texas is also home to the fastest-growing large cities in the country. Austin was the fastest-growing city among those with a population larger than 500,000, growing by 15.5 percent from 790,390 in 2010 to 912,791 in 2014.

Ten Fastest-Growing Cities in the U.S.Between 2010 and 2014, three Texas cities were among the 10 fastest-growing cities in the U.S. for cities with a population larger than 500,000. Austin, the nation’s fastest-growing big city, grew by nearly 16 percent.

Austin, TXPop: 912,791

Charlotte, NCPop: 809,958

Denver, COPop: 663,862

Seattle, WAPop: 668,342

Fort Worth, TXPop: 812,238

Washington, DCPop: 658,893

San Antonio, TXPop: 1,436,697

San Jose, CAPop: 1,015,785

Nashville, TNPop: 644,014

Oklahoma City, OKPop: 620,602

10.74%

10.61%

9.81%

9.58%

9.5%

8.23%

7.38%

7.12%

7%

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IN THE NEWS

SAN MARCOS FASTEST-GROWING CITY IN THE U.S. FOR THIRD YEAR RUNNINGSan Antonio Express-News | May 21, 2015

San Marcos, sandwiched between San Antonio and Austin along the Interstate 35 corridor, was the fastest-growing city in the country for the third year in a row, U.S. Census Bureau data released today show.

San Antonio’s population growth rate of 1.8 percent was the highest among all of the country’s 10 largest cities from July 2013 to July 2014. The city gained nearly 25,000 people then, raising the total to a little more than 1.4 million. Houston, also in the top 10, numerically added more people than San Antonio but grew at 1.6 percent.

San Marcos shot up by 7.9 percent, from 54,567 residents to nearly 59,000. Since 2010, the city’s population has increased by 30 percent.

New Braunfels, also along I-35, grew by 4.7 percent, from a population of 63,365 to 66,394, census figures show.

Overall, six cities in Texas were among the top 13 fastest-growing in the country from July 2013 to July 2014, the census showed. Besides San Marcos and New Braunfels, that list includes Georgetown, Frisco, Conroe and McKinney.

The continued population boom in Central Texas cities lends credence to the idea of a mega-region developing between Austin and San Antonio along I-35.

Census data released in March showed that Hays and Comal counties — which include San Marcos and New Braunfels, respectively — were the fifth- and ninth-fastest-growing counties in the U.S. from July 2013 to July 2014.

Cities like San Marcos and New Braunfels also aren’t just growing. They are changing, becoming economic hubs in their own rights.

“San Marcos is continuing to grow both as a suburb of Austin, but also economically on its own,” said Lloyd Potter, the state’s demographer based at the University of Texas at San Antonio. “We’re seeing more and more people who live in and around San Marcos working in San Marcos. It’s not like a bedroom community in the way it used to be for Austin.”

Economic activity between Austin and San Antonio is helping fuel growth in the cities between them, Potter continued. But San Marcos and New Braunfels also have developable land on their outskirts, making them attractive to companies whose employees might also want to live near where they work. Land in smaller cities is also likely to be relatively inexpensive compared with San Antonio and Austin, Potter added.

San Marcos also is home to the main campus of Texas State University, which has more than 36,000 students; it’s near the Hill Country; and it’s affordable, said Adriana Cruz, president of the Greater San Marcos Partnership.

“We think that this (census) ranking is indicative of a trend that we see, where San Marcos and our surrounding communities are becoming attractors of talent and good jobs, and that’s our goal,” Cruz said. Coincidentally, the partnership is holding a luncheon today on San Marcos’ economic outlook.

Although it may happen at a slower rate, growth also is expected to continue in San Antonio. The city’s population is projected to increase by more than 1 million people by 2040, a number that has prompted local officials to launch a comprehensive planning effort called SA Tomorrow. San Antonio is also considering annexing 66 square miles of unincorporated Bexar County, which could make the city the fifth-largest in the country; today, it’s seventh.

The census bureau also released information today that showed Texas added more housing units than any other state from 2013 to 2014. Bexar County added 2,371.

Homes in San Antonio increasingly don’t stay on the market very long, and inventory levels are at 3.8 months, meaning it would take that long to sell everything on the market, said Angela Shields, president and CEO of the San Antonio Board of Realtors. In August 2012, the inventory was 6.5 months.

“We’ve been seeing growth in our area for quite some time,” Shields said.

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SITE PLAN

116

STORAGE

Suite 18476'5" x 17'0 1/8"

1300 sq ft

Suite 17476'5" x 17'8 1/16"

1350 sq ft

Suite 19476'5" x 52'4 1/16"

4000 sq ft

Suite 16476'5" x 20'0 5/16"

1530 sq ft

Suite 15576'5 1/8" x 31'4 7/8"

2400 sq ft

Suite 15425'10 15/16" x 83'11 13/16"

1469 sq ft

Storage25'11 7/16" x 23'8 5/16"

409 sq ft

MAIN LEVEL155'10 13/16" x 126'2 1/4"

13121 sq ft

Suite A25'11" x 15'3 1/2"

641 sq ft

PLAN-MAIN LEVEL3/32" = 1'-0"

01

ENLARGED PLAN-OUTDOOR STORAGE1/4" = 1'-0"

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AERIAL MAP

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LOCAL MAP

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REGIONAL MAP

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MARKET SUMMARY

SAN MARCOS, TX

San Marcos is a city in the U.S. state of Texas, within the Austin–Round Rock–San Marcos metropolitan area. The city is on the Interstate 35 corridor between Austin and San Antonio and is the seat of Hays County. The city limits extend into Caldwell and Guadalupe Counties as well.

San Marcos’ central location along IH-35 and strong infrastructure makes it ideal for a myriad for industry sectors. The city includes competitive business incentives, a high quality of life, regional airports and proximity to major international airports, access to major roadways like IH-35, SH-130, SH-183, and IH-10, networking opportunities and support for small businesses and entrepreneurs, a healthy tax structure, and a diverse and talented workforce.

Along with its easy access to air travel, the city has ready access to several freight routes and IH-35 and IH-10, which run north/south and east/west respectively, through the region. The excellent access points of the area provide an easy route to major cities in Texas such

as Austin, San Antonio, Dallas, and Houston, as well as metropolitan areas throughout the U.S. and northern Mexico.

The region has several institutions of higher education that provide a continual source of talent for the region’s workforce. These institutions include the fourth largest university in the state, Texas State University; Gary Job Corps, an education and career technical training program; and two Austin Community College campuses.

The area’s quality of life is highlighted by the San Marcos River, which is naturally fed by the San Marcos Springs. Many other lakes and rivers dot the local landscape, and the region’s location within the Texas Hill Country provides easy access to the many outdoor amenities found here. In June 2006, The View named the San Marcos Outlets as the third-best place to shop in the world. About six million people visit the malls annually.

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DEMOGRAPHIC SUMMARY

PoPulation

HouseHolds

income

Race and etHnicity

Housing

emPloyment

Geography: 5 miles

In the identified area, the current year population is 60,568. The rate of change since 2000 was 38.2%. The five-year projection for the population in the area is 68,586 representing a change of 13.2% from 2015 to 2020. Currently, the population is 50.5% male and 49.5% female. The median age in this area is 24.3, compared to the U.S. median age of 37.9.

There are currently 22,620 households in your selected georgraphy. The number of households has changed by 49.7% since 2000. It is estimated that the number of households in your area will be 26,252 five years from now, which represents a change of 16.1% from the current year. The average household size in your area is 2.86 persons.

In 2015, the median household income for your selected georgraphy is $30,689 , compare this to the Entire U.S. average, which is currently $53,217. It is estimated that the median household income in your area will be $35,546 five years from now, which represents a change of 15.8% from the current year.

The current year per capita income in your area is $19,421, compare this to the Entire U.S. average, which is $28,597. The current year average household income in your area is $46,316, compare this to the Entire U.S. average, which is $74,699.

The current year racial makeup of your selected area is as follows: 76.6% White, 5.5% Black, 0.9% Native American and 2.1% Asian/Pacific Islander. Compare these to the Entire U.S. Averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 42.1% of the current year population in your selected area. Compare this to the Entire U.S. average of 17.6%.

In 2015, there were 6,894 owner occupied housing units in your area and there were 15,725 renter occupied housing units in your area. Median home value in the area is $174,047, compared to a median home value of $200,006 for the U.S.

In 2015, there are 25,998 employees in your selected area, this is also known as the daytime population. Currently, 56.0% of employees are employed in white-collar occupations in this geography, and 16.0% are employed in blue-collar occupations. In 2015, unemployment in this area is 6.2%.

Demographic data © 2016 esri

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DEMOGRAPHIC STATISTICS

traffic cOuntS

incOme 1 mile 3 mileS 5 mileS

$ 0 - $14,999 36.8% 31.9% 30.1%

$ 15,000 - $24,999 10.6% 12.6% 12.9%

$ 25,000 - $34,999 11.4% 11.0% 11.0%

$ 35,000 - $49,999 13.6% 15.1% 15.1%

$ 50,000 - $74,999 11.0% 10.5% 11.0%

$ 75,000 - $99,999 6.4% 8.3% 8.7%

$100,000 - $149,999 7.9% 7.3% 7.6%

$150,000 - $199,999 1.3% 1.8% 1.9%

$200,000 + 1.1% 1.5% 1.6%

2015 Median Household Income $26,850 $29,264 $30,689

2015 Per Capita Income $18,993 $19,385 $19,421

2015 Average Household Income $40,849 $44,618 $46,316

pOpulatiOn 1 mile 3 mileS 5 mileS

2000 Population 11,226 38,078 43,813

2010 Population 12,122 45,316 54,394

2015 Population 12,535 49,755 60,568

2020 Population 13,255 56,466 68,586

hOuSehOldS 1 mile 3 mileS 5 mileS

2000 Households 3,055 13,513 15,108

2010 Households 3,536 17,462 19,830

2015 Households 3,752 19,577 22,620

2020 Households 4,127 22,730 26,252

2015 Average Household Size 2.05 2.22 2.33

2015 Daytime Population 4,342 21,568 25,998

2010 Owner Occupied Housing Units 23.7% 28.7% 31.7%

2010 Renter Occupied Housing Units 69.2% 65.1% 62.2%

2010 Vacant 7.1% 6.2% 6.1%



2015 Vacant 8.8% 7.9% 7.8%



2020 Vacant 8.5% 7.5% 7.4%

15,300

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

Before 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.

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

Information About Brokerage Services

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:

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.

(1) shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than 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.

exclusively listed

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guadalupe station - san marcos, tx

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