take 5 oil change, nnn-lease offering...10 year corporate ground lease - commenced august 11, 2016....

JOHN PAGE

C: 832.326.3791O: [email protected]

For More Information:

MHW Brokerage Services, LLC // 25211 Grogan's Mill Road, Suite 110, The Woodlands, Texas 77380 // 281.651.4898 // http:mhwre.com

OFFERING SUMMARY

Sale Price: $929,000

Cap Rate: 5.49%

NOI: $51,000

Lot Size: 0.34 Acres

Year Built: 2001

Building Size: 2,213 SF

Traffic Count: 22,052

Price / SF: $419.79

PROPERTY OVERVIEW10 year corporate ground lease - commenced August 11, 2016. Remaining term is 7years, 7 months as of January 11, 2019. Lease has four (4) option periods of five (5)years each. Lease rate is fixed for first 10 year term, then increases 10% each 5 yearrenewal period.Located near to the intersection of Hwy 75 and 11th street (Hwy 190), the majoreast/west thoroughfare through the city of Huntsville. A traffic count of more than22,000 per day, it is nestled next to CVS Pharmacy, and across the street fromWalgreen's, HEB Grocery, O'Reilly's Auto Parts, Enterprise Rent-A-Car, Family Dollar,and McKenzie's Barbecue.

PROPERTY HIGHLIGHTS• 7 years 7 months remaining ground lease, as of January 11, 2019

• Offered at a 5.49% CAP rate with 10% increases in rent for each of the 5 yearrenewal option periods.

• Strong corporate guarantee from national credit tenant with over 190 locations in12 states.

• Absolute NNN lease with tenant responsible for all maintenance including roofand structure, plus water and sewer lines.

• Steady growth in Huntsville due to major government prison complexes withinthe city.

• Home to Sam Houston State University.

EXECUTIVE SUMMARY

TAKE 5 OIL CHANGE, NNN-LEASE OFFERING1565 11TH STREET, HUNTSVILLE, TEXAS 77340

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ADDITIONAL PHOTOS


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PROPERTY OVERVIEW

10 year corporate ground lease - commenced August 11, 2016.Remaining term is 7 years, 7 months as of January 11, 2019. Leasehas four (4) option periods of five (5) years each. Lease rate is fixedfor first 10 year term, then increases 10% each 5 year renewalperiod.

LOCATION OVERVIEW

Located adjacent to the intersection of Hwy 75 and 11th street (Hwy190), the major east/west thoroughfare through the city ofHuntsville. With a traffic count of more than 22,000 per day, it isnestled next to CVS Pharmacy, and across the street fromWalgreen's, HEB Grocery, O'Reilly's Auto Parts, Enterprise Rent-A-Car,Family Dollar, and McKenzie's Barbecue.

SITE DESCRIPTION

A short walk next door to CVS Pharmacy. Rectangular in shape, withsome trees on the east end of the property, providing morningshade.

PROPERTY DESCRIPTION


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SALE PRICE $929,000

LOCATION INFORMATION

Building Name Take 5 Oil Change, NNN-Lease Offering

Street Address 1565 11th Street

City, State, Zip Huntsville, TX 77340

County/Township Walker

BUILDING INFORMATION

Building Size 2,213 SF

NOI $51,000

Cap Rate 5.49%

Price / SF $419.79

Year Built 2001

Occupancy % 100%

Tenancy Single

Load Factor Yes

Number Of Buildings 1

PROPERTY DETAILS

Property Type Retail

Property Subtype Free Standing Building

Lot Size 0.335 Acres

APN# 36624

Traffic Count 22,052

PARKING & TRANSPORTATION

Number Of Spaces 10

UTILITIES & AMENITIES

Exterior Description Stucco and Brick

Interior Description

PROPERTY DETAILS


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SALE HIGHLIGHTS

• 7 years 7 months remaining ground lease, as of January 11, 2019

• Offered at a 5.49% CAP rate with 10% increases in rent for each of the

5 year renewal option periods.

• Strong corporate guarantee from national credit tenant with over 190

locations in 12 states.

• Absolute NNN lease with tenant responsible for all maintenance

including roof and structure, plus water and sewer lines.

• Steady growth in Huntsville due to major government prison

complexes within the city.

• Home to Sam Houston State University.

Property Name: Take 5 Oil Change, NNN-Lease Offering

Property Address: 1565 11th Street, Huntsville, TX 77340

Property Type: Retail

APN: 36624

Lot Size: 0.34 AC

Building Size: 2,213 SF

Rail Access: N/A

Parking Spaces: 10

Year Built: 2001

Number of Units: 1

PROPERTY OVERVIEW10 year corporate ground lease - commenced August 11, 2016.Remaining term is 7 years, 7 months as of January 11, 2019. Leasehas four (4) option periods of five (5) years each. Lease rate is fixedfor first 10 year term, then increases 10% each 5 year renewalperiod. .

LOCATION OVERVIEWLocated adjacent to the intersection of Hwy 75 and 11th street (Hwy190), the major east/west thoroughfare through the city ofHuntsville. With a traffic count of more than 22,000 per day, it isnestled next to CVS Pharmacy, and across the street fromWalgreen's, HEB Grocery, O'Reilly's Auto Parts, EnterpriseRent-A-Car, Family Dollar, and McKenzie's Barbecue.

PROPERTY DETAILS & HIGHLIGHTS


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LOCATION MAPS


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POPULATION 1 MILE 3 MILES 5 MILES

Total population 11,327 31,700 35,302

Median age 29.1 28.4 29.2

Median age (Male) 30.4 29.5 30.0

Median age (Female) 24.8 24.9 26.2

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,802 9,598 10,920

# of persons per HH 4.0 3.3 3.2

Average HH income $38,434 $33,342 $34,993

Average house value $76,681 $85,304 $112,277

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP & REPORT


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FLOOR PLANS


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.

11-2-2015

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; andTreat 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 theowner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker's minimumduties 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, usuallythrough a written representation agreement. A buyer's agent must perform the broker's minimum duties above and must inform thebuyer of any material information about the property or transaction known by the agent, including information disclosed to the agentby 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 writtenagreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold orunderlined 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 andbuyer) 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; andany confidential information or any other information that a party specifically instructs the broker in writing not todisclose, 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 thebuyer. 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 CLEARLYESTABLISH:

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 anobligation for you to use the broker's services. Please acknowledge receipt of this notice below and retain a copy for your records.

MHW Brokerage Servics LLC 9007674 [email protected] (281) 651-4898

Licensed Broker/Broker Firm Name or Primary Assumed Business Name License No. Email Phone

Dan Nankani 594328 [email protected] (281) 651-4898

Designated Broker of Firm License No. Email Phone Dan Nankani 594328 [email protected] (281) 651-4898

Licensed Supervisor of Sales Agent/ Associate License No. Email Phone

John Page 0408041 [email protected] (832) 326-3791

Sales Agent/Associate's Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.govIABS 1-0

TAR 2501

take 5 oil change, nnn-lease offering...10 year corporate ground lease - commenced august 11, 2016....

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