valuation analysis & disposition proposal...bealls, whataburger, starbucks, & gold’s gym bryan /...

MIDTOWN CENTER 3800 South Texas Avenue

Bryan, Texas 77802

IN-LINE RETAIL SPACE | FOR LEASE

VALUATION ANALYSIS & DISPOSITION PROPOSAL123 East William Joel Bryan | Bryan, Texas

www.OldhamGoodwin.com

Property Highlights• Located less than one mile from Texas A&M

University• Convenient & easy access from two

thoroughfares• Well-rounded & established retail tenant mix

• Excellent visibility with frontage on Texas Avenue

• Recently renovated with fresh exterior paint• Less than one mile from the ~350,000 SF

H-E-B anchored Tejas Center that also includes Bealls, Whataburger, Starbucks, & Gold’s Gym

Bryan / College Station2800 South Texas Avenue, Suite 401

Bryan, Texas 77802O: 979.268.2000

Houston5050 Westheimer Road, Suite 300

Houston, Texas 77056O: 281.256.2300

San Antonio / South Texas200 East Grayson Street, Suite 102

San Antonio, Texas 78215O: 210.404.4600

PROPERTY SUMMARY • DEMOGRAPHICS • IABS

Brett BoatnerAssociate | Retail Services

O: 979.268.2000 | C: 903.573.4165 [email protected]


Jody Slaughter Managing Director | Corporate Services



Bryan, Texas 77802

Property AttributesGross Leasable Area: ~18,412 SFSite Size: ~50,209 SF or ~1.1526 ACYear Built: 1969Zoning: C-2, RetailParking: 50 Surface Parking Spaces

Traffic Counts South Texas Avenue: ~17,297 VPD(per TXDOT 2015)

Subject








Bryan, Texas 77802

Aerial







Bryan, Texas 77802


Site Plan

Suite Availability SF

3800 Morgan Fitzgerald’s ~3,386 SF3806 Available ~2,160 SF3808 The Petal Patch ~1,800 SF3808 B Park Avenue Hair Salon ~1,800 SF3810 Available ~1,400 SF3812 Available ~1,400 SF3816 Sherwin-Williams ~6,466 SF

Nor

th A

venu

e

Texas Avenue

Indicates Monument Sign

3806

~2,

160

SF

3808

~1,

800

SF

3808

B~

1,80

0 SF

3800~3,386 SF

3812

~1,

400

SF

3810

~1,

400

SF







Bryan, Texas 77802


Demographic Profile

1 Mile 3 Mile 5 Mile

2017 Total Population 12,328 98,570 161,943

2022 Total Population 13,387 106,413 176,231

2017-2022 Annual Growth Rate 1.66% 1.54% 1.71%

2017 Households 5,179 36,996 61,382

2022 Households 5,626 40,338 67,286

2017 Average Home Value $185,790 $175,850 $199,134

2022 Average Home Value $253,892 $216,478 $249,260

2017 Average HH Income $58,201 $51,586 $57,301

2022 Average HH Income $67,789 $58,586 $65,226

S O U T H T E X A S A V E N U E O V E R 2 5 , 0 0 0 V E H I C L E S P E R D A Y

(TxDOT AADT 2016)

T O T A L P O P U L A T I O N O FO V E R 1 6 1 , 0 0 0

W I T H I N F I V E M I L E R A D I U S(ESRI 2017)

T O T A L H O U S E H O L D SO V E R 6 1 , 0 0 0

W I T H I N F I V E M I L E R A D I U S(ESRI 2017)

A V E R A G E H H I N C O M E

O V E R $ 5 8 , 0 0 0 W I T H I N O N E M I L E R A D I U S

(ESRI 2017)

T O T A L E M P L O Y E E S

O V E R 6 5 , 8 6 6 W I T H I N F I V E M I L E R A D I U S

(ESRI 2017)

A V E R A G E H O M E V A L U E

O V E R $ 1 9 9 , 0 0 0 W I T H I N F I V E M I L E R A D I U S

(ESRI 2017) Sources: Infogroup, Inc & ESRI


Bryan, Texas 77802


Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Licensed Broker/Broker Firm Name or Primary Assumed Business Name

Designated Broker of Firm

Licensed Supervisor of Sales Agent/Associate

Sales Agent/Associate’s Name

Regulated by the Texas Real Estate CommissionTAR 2501

Information available at www.trec.texas.govIABS 1-0

Email

Email

Email

Email

Licensed No.

Licensed No.

Licensed No.

Licensed No.

Buyer / Tenant / Seller / Landlord Initials

Phone

Phone

Phone

Phone

Date

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 agree-ment. 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 be-tweenthepartiesthebrokermustfirstobtainthewrittenagreementofeach 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 transac-tion.

• Mustnot,unlessspecificallyauthorizedinwritingtodosobythe party, disclose: » that the owner will accept a price less than the written ask-

ing price; » that the buyer/tenant will pay a price greater than the price

submitted in a written offer; and » anyconfidentialinformationoranyotherinformationthatapartyspecificallyinstructsthebrokerinwritingnottodisclose, 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 buyerandmustplacetheinterestsoftheownerfirst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BRO-KER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities to you, and your obli-

gations under the representation agreement.• Who will pay the broker for services provided to you, when pay-

ment 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.

Oldham Goodwin Group, LLC 532457 [email protected] (979) 268-2000

INFORMATION ABOUT BROKERAGE SERVICES


Bryan, Texas 77802


© Oldham Goodwin Group, LLC. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investiga-tion of the property to determine to your satisfaction the suitability of the property for your needs.

Bryan / College Station2800 South Texas Avenue, Suite 401

Bryan, Texas 77802O: 979.268.2000

Houston5050 Westheimer Road, Suite 300

Houston, Texas 77056O: 281.256.2300

San Antonio / South Texas200 East Grayson Street, Suite 102

San Antonio, Texas 78215O: 210.404.4600

OLDHAM GOODWIN GROUP

For More Information About This Property, Please Contact

Brett Boatner

Associate | Retail ServicesO: 979.268.2000 | C: 903.573.4165

E: [email protected]

Jody Slaughter

Managing Director | Corporate ServicesO: 979.268.2000 | C: 713.927.1157

E: [email protected]

valuation analysis & disposition proposal...bealls, whataburger, starbucks, & gold’s gym bryan /...

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