North Pointe Retail Center

Transcription

1 North Pointe Retail Center US Hwy 281 N and Redland Rd. Retail / Office For Lease R E O C Senior & 8023 Vantage Drive, Suite 1200 San Antonio TX reocsanantonio.com

2 Table of Contents SECTION 1 SECTION 2 SECTION 3 SECTION 4 SECTION 5 SECTION 6 SECTION 7 SECTION 8 SECTION 9 Maps Site Plan Photos Property Summary Quote Sheet San Antonio Overview Retail Market Snapshot Demographics TREC Agency Disclosure Senior, 2015 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of Texas operating under REOC General Partner, LLC. The information contained herein is deemed accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject to availability, change in price or terms, prior sale or lease, or withdrawal from the market.

3 City Location Map Senior,

4 R EOC S A N A N TO N I O Senior, Aerial Map

5 R EOC S A N A N TO N I O Senior, Aerial Map

6 Site Aerial US Hwy 281 N Lot 42 Ground Lease Available Lot US Hwy 281 N Lot 44 Ground Lease Available Lot 45 Senior,

7 Site Plan Senior,

8 Photos Senior,

9 Photos Senior,

10 Property Summary Location Redland Rd. and US Hwy 281 Address Property Details Legal Description Class Lot US Hwy 281 N Lot US Hwy 281 N Lot 42-10,170 SF.94 acres Lot acres Lot 44-21,770 SF 2.38 Lot acres Lot 42 - NCB BLK 6 LOT 42 NORTH POINTE SUBD Lot 43 - NCB BLK 6 LOT 43 NORTH POINTE SUBD Lot 44 - NCB BLK 6 LOT 44 NORTH POINTE SUBD Lot 45 - NCB BLK 6 LOT 45 NORTH POINTE SUBD A Year Built 2006 Rd Frontage 304 ft fronting 281 Utilities Parking Ratio All 10.8:1,000 (Current Overall Total) Comments Excellent visibility Access to adjoining businesses Convenient to the executive residential areas of Stone Oak Easy ingress and egress to US 281/Redand Road Professionally managed Building signage available Electronic pylon signage available Dramatic Hill Country and Cityscape views Tilt-wall construction Ideal for a wide variety of commercial uses Surrounded by numerous well established subdivisions Traffic Counts US Hwy 281 at Redland; 89,000 vpd (2012) US Hwy 281, north of Loop 1604; 110,000 vpd (2012) Traffic counts by TxDOT Statewide Planing Map Senior, REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information.

11 Quote Sheet Square Footage Largest Available Area 5,358 Available Largest Contiguous Area 5,358 Smallest Available Space 5,358 Senior, Base Rental Ground Lease First Month s Rental Triple Net Term Improvements Architectural Deposit Financial Information Disclosure $18 - $24 per square foot (Note: Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, the credit worthiness of tenant, condition of space leased, term of lease and other factors deemed important by the Landlord) Contact Broker for Lease Information Due upon execution of lease document by Tenant Estimated at $8.15 per square foot annually Three (3) to ten (10) years Negotiable All architectural services to be charged against the Improvement Allowance, if any Equal to one (1) month s Base Rental (typical) Required prior to submission of lease document by Landlord A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and returned to Landlord s leasing representative. Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, credit worthiness of tenant, condition of space leased, leasehold input allowances, term of lease and other factors deemed important by the Landlord. This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior leasing or withdrawal without notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied.

12 San Antonio Overview Largest U.S. Cities 1 New York 2 Los Angeles 3 Chicago 4 Houston 5 Philadelphia 6 Phoenix 7 San Antonio 8 San Diego 9 Dallas 10 San Jose San Antonio-New Braunfels Metro Area 2000 Census 2010 Census 2014 Estimate 2019 Projection 2000 Census 2010 Census 2014 Estimate 2019 Projection Avg. Household Income Population 1,711,703 2,142,508 2,278,077 2,480,672 $51,426 $62,458 $70,522 $82,936 Median Household Income Median Age $39,029 $50,146 $51,881 $60,615 Total Households Per Capita Income 601, , , ,616 $18,443 $22,135 $25,601 $30,207 Ethnicity 74.5% 7% 0.8% 2.3% 11.8% 3.5% Black Alone American Indian Alone Asian Alone Some Other Race Alone Two or More Races White Alone 45.2% Dallas 280 miles Senior, Mexico City 900 miles Austin 80 miles San Antonio Corpus Laredo/ Christi Nvo. Laredo 145 miles 150 miles Houston 200 miles Major Industries Hospitality Hospitality/Tourism & Military Real Estate Real Estate & Construction & Finance Health Care Health & Care Bioscience & 54.4% Hispanic Origin (Any Race) Non-Hispanic Fortune 500 Companies SAT Ranking US 1 Valero Energy 10 Located in South Central Texas within Bexar County, San Antonio occupies approximately 504 square miles. Situated about 140 miles north of the Gulf of Mexico where the Gulf Coastal Plain and Texas Hill Country meet. Manufacturing $0 $5 $10 $15 $20 $25 $30 In Billions Sources: U.S. Census; ESRI 2014 Estimates; U.S. Census Bureau 2010, ESRI forecasts for 2014 & 2019; Fortune 2 Tesoro Corp 75 3 USAA CST Brands, Inc CC MediaHoldings NuStar Energy 661

13 Retail Market Snapshot - 2Q 2016 Citywide CBD/South Non-CBD/North 2Q Q Q Q Q Q 2015 All Types All Types All Types Inventory 48,192,986 47,163,523 Inventory 6,776,103 6,244,326 Inventory 41,416,883 40,919,197 Direct Vacant 3,759,905 4,721,976 Direct Vacant 369, ,536 Direct Vacant 3,390,532 4,141,440 %Vacant 7.8% 10.0% %Vacant 5.5% 9.3% %Vacant 8.2% 10.1% Average Rent $16.01 $15.26 Average Rent $16.42 $15.27 Average Rent $15.98 $ Q Absorption 542,735 65,962 2Q Absorption 507,386 (1,377) 2Q Absorption 35,349 67,339 YTD Absorption 754, ,479 YTD Absorption 514,350 27,949 YTD Absorption 240, ,530 Regional Malls Regional Malls Regional Malls Inventory 7,450,448 7,436,845 Inventory 1,854,483 1,861,120 Inventory 5,595,965 5,575,725 Direct Vacant 55, ,364 Direct Vacant 10, ,000 Direct Vacant 45, ,364 %Vacant 0.7% 3.7% %Vacant 0.5% 9.1% %Vacant 0.8% 1.9% 2Q Absorption 483,111 7,574 2Q Absorption 478, Q Absorption 4,748 7,574 YTD Absorption 483,111 7,574 YTD Absorption 478,363 0 YTD Absorption 4,748 7,574 Power Centers (250K+ sf) Power Centers Power Centers Inventory 13,192,494 12,606,799 Inventory 1,433, ,358 Inventory 11,759,432 11,759,441 Direct Vacant 754,267 1,183,752 Direct Vacant 52,297 22,814 Direct Vacant 701,970 1,160,938 %Vacant 5.7% 9.4% %Vacant 3.6% 2.7% %Vacant 6.0% 9.9% Average Rent $22.61 $21.44 Average Rent $21.79 $20.62 Average Rent $22.68 $ Q Absorption 102,095 (7,194) 2Q Absorption 56,879 2,495 2Q Absorption 45,216 (9,689) YTD Absorption 118,417 (9,602) YTD Absorption 61,129 2,495 YTD Absorption 57,288 (12,097) Senior, Community Centers (100K-249K sf) Community Centers Community Centers Inventory 6,577,529 6,539,359 Inventory 964, ,703 Inventory 5,612,826 5,574,656 Direct Vacant 432, ,253 Direct Vacant 24,312 74,582 Direct Vacant 408, ,671 %Vacant 6.6% 6.5% %Vacant 2.5% 7.7% %Vacant 7.3% 6.3% Average Rent $16.94 $14.70 Average Rent $15.00 $16.77 Average Rent $17.11 $ Q Absorption (43,067) 64,897 2Q Absorption 0 0 2Q Absorption (43,067) 64,897 YTD Absorption (3,632) 162,632 YTD Absorption (4,918) 0 YTD Absorption 1, ,632 Neighborhood Centers (30K-99K sf) Neighborhood Centers Neighborhood Centers Inventory 18,560,810 18,188,011 Inventory 2,349,853 2,380,543 Inventory 16,210,957 15,807,468 Direct Vacant 2,211,383 2,501,085 Direct Vacant 270, ,075 Direct Vacant 1,940,697 2,224,010 %Vacant 11.9% 13.8% %Vacant 11.5% 11.6% %Vacant 12.0% 14.1% Average Rent $13.98 $13.62 Average Rent $14.56 $13.80 Average Rent $13.92 $ Q Absorption 2,633 4,443 2Q Absorption (27,856) (2,582) 2Q Absorption 30,489 7,025 YTD Absorption 126,770 84,647 YTD Absorption (27,611) 26,744 YTD Absorption 154,381 57,903 Strip Centers (Less than 30K sf) Strip Centers Strip Centers Inventory 2,411,705 2,392,509 Inventory 174, ,602 Inventory 2,237,703 2,201,907 Direct Vacant 306, ,522 Direct Vacant 12,078 36,065 Direct Vacant 294, ,457 %Vacant 12.7% 14.0% %Vacant 6.9% 18.9% %Vacant 13.1% 13.6% Average Rent $15.57 $14.39 Average Rent $19.48 $19.45 Average Rent $15.36 $ Q Absorption (2,037) (3,758) 2Q Absorption 0 (1,290) 2Q Absorption (2,037) (2,468) YTD Absorption 30,195 (14,772) YTD Absorption 7,387 (1,290) YTD Absorption 22,808 (13,482) Analysis by REOC San Antonio based on data provided by Xceligent and approved by the San Antonio Retail Advisory Board. Statistical information is calculated on multi-tenant centers totaling 20,000 sf and larger (including both leaseable and separately owned inline space). Rental rates reflect non-weighted strict average asking rates quoted on an annual triple net basis (excluding regional malls).

14 Demographics: 1-Mile Summary Census Population 4,752 4,938 5,551 Households 1,964 2,025 2,273 Families 1,273 1,305 1,450 Average Household Size Owner Occupied Housing Units 1,101 1,034 1,152 Renter Occupied Housing Units ,121 Median Age Trends: Annual Rate Area State National Population 2.37% 1.63% 0.84% Households 2.34% 1.58% 0.79% Families 2.13% 1.52% 0.72% Owner HHs 2.18% 1.52% 0.73% Median Household Income -0.56% 1.86% 1.86% Households by Income Number Percent Number Percent <$15, % % $15,000 - $24, % % $25,000 - $34, % % $35,000 - $49, % % $50,000 - $74, % % $75,000 - $99, % % $100,000 - $149, % % $150,000 - $199, % % $200, % % Senior, Median Household Income $86,727 $84,339 Average Household Income $102,237 $104,918 Per Capita Income $40,121 $41,087 Census Population by Age Number Percent Number Percent Number Percent % % % % % % % % % % % % % % % % % 1, % % % % % % % % % % % % % % % % % % % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 3, % 3, % 4, % Black Alone % % % American Indian Alone % % % Asian Alone % % % Pacific Islander Alone 8 0.2% % % Some Other Race Alone % % % Two or More Races % % % Hispanic Origin (Any Race) 1, % 1, % 2, % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

15 Demographics: 3-Mile Summary Census Population 68,757 76,712 83,418 Households 26,443 29,271 31,727 Families 18,408 20,185 21,737 Average Household Size Owner Occupied Housing Units 17,109 17,803 19,084 Renter Occupied Housing Units 9,334 11,468 12,643 Median Age Trends: Annual Rate Area State National Population 1.69% 1.63% 0.84% Households 1.62% 1.58% 0.79% Families 1.49% 1.52% 0.72% Owner HHs 1.40% 1.52% 0.73% Median Household Income 1.47% 1.86% 1.86% Households by Income Number Percent Number Percent <$15,000 1, % 1, % $15,000 - $24,999 1, % 1, % $25,000 - $34,999 1, % 1, % $35,000 - $49,999 2, % 2, % $50,000 - $74,999 4, % 4, % $75,000 - $99,999 4, % 5, % $100,000 - $149,999 6, % 7, % $150,000 - $199,999 3, % 4, % $200,000+ 3, % 3, % Senior, Median Household Income $91,186 $98,079 Average Household Income $113,691 $121,173 Per Capita Income $43,592 $46,263 Census Population by Age Number Percent Number Percent Number Percent 0-4 4, % 4, % 4, % 5-9 5, % 5, % 5, % , % 5, % 5, % , % 5, % 5, % , % 4, % 4, % , % 10, % 12, % , % 11, % 12, % , % 11, % 11, % , % 9, % 10, % , % 5, % 6, % , % 2, % 3, % % 1, % 1, % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 56, % 60, % 64, % Black Alone 3, % 3, % 4, % American Indian Alone % % % Asian Alone 3, % 5, % 6, % Pacific Islander Alone % % % Some Other Race Alone 3, % 3, % 4, % Two or More Races 2, % 2, % 3, % Hispanic Origin (Any Race) 20, % 25, % 29, % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

16 Demographics: 5-Mile Summary Census Population 181, , ,060 Households 69,152 76,380 82,869 Families 48,842 53,604 57,912 Average Household Size Owner Occupied Housing Units 48,469 50,847 54,707 Renter Occupied Housing Units 20,683 25,534 28,162 Median Age Trends: Annual Rate Area State National Population 1.78% 1.63% 0.84% Households 1.64% 1.58% 0.79% Families 1.56% 1.52% 0.72% Owner HHs 1.47% 1.52% 0.73% Median Household Income 1.80% 1.86% 1.86% Households by Income Number Percent Number Percent <$15,000 2, % 2, % $15,000 - $24,999 3, % 3, % $25,000 - $34,999 4, % 5, % $35,000 - $49,999 7, % 5, % $50,000 - $74,999 11, % 11, % $75,000 - $99,999 11, % 13, % $100,000 - $149,999 16, % 19, % $150,000 - $199,999 8, % 10, % $200,000+ 9, % 10, % Senior, Median Household Income $90,304 $98,739 Average Household Income $116,022 $124,956 Per Capita Income $43,906 $46,956 Census Population by Age Number Percent Number Percent Number Percent , % 12, % 13, % , % 13, % 14, % , % 15, % 15, % , % 13, % 13, % , % 11, % 11, % , % 27, % 32, % , % 30, % 34, % , % 29, % 29, % , % 24, % 26, % , % 14, % 18, % , % 5, % 7, % 85+ 1, % 2, % 2, % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 149, % 162, % 173, % Black Alone 7, % 9, % 11, % American Indian Alone % % 1, % Asian Alone 8, % 11, % 14, % Pacific Islander Alone % % % Some Other Race Alone 8, % 10, % 12, % Two or More Races 5, % 7, % 8, % Hispanic Origin (Any Race) 56, % 68, % 79, % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

17 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. REOC General Partner, LLC bharris@reocsanantonio.com (210) Licensed Broker/Broker Firm Name or License No. Phone Primary Assumed Business Name Brian Dale Harris bharris@reocsanantonio.com (210) Designated Broker of Firm License No. Phone N/A N/A N/A N/A Licensed Supervisor of Sales Agent/ License No. Phone Associate Blake McFarlane Bonner (210) Sales Agent/Associate's Name License No. Phone Buyer/Tenant/Seller/Landlord Initials Date Regulated by the Texas Real Estate Commission Information available at TAR 2501 IABS 1-0 REOC San Antonio 1826 N. Loop 1604 W. Suite 250 San Antonio, TX Phone: Fax: Blake Bonner Produced with zipform by ziplogix Fifteen Mile Road, Fraser, Michigan IABS Form - Br