Valero Gas Station - CRE Investment Advisor

Transcription

Valero Gas Station
GONZALES, TX
OFFERING MEMORANDUM
Valero Gas Station
GONZALES, TX
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or
entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary,
unverified 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. Marcus & Millichap 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, PCB's or asbestos, the compliance with 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
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 contained herein, nor has Marcus & Millichap 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.
NON-ENDORSEMENT NOTICE
Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any
commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not
intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or
subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing
tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR
MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Valero Gas Station
GONZALES, TX
TABLE OF CONTENTS
Section 1
PROPERTY DESCRIPTION
Section 2
PRICING AND FINANCIAL ANALYSIS
Section 3
DEMOGRAPHIC ANALYSIS
Valero Gas Station
GONZALES, TX
Valero Gas Station
GONZALES, TX
INVESTMENT OVERVIEW
Investment Highlights
■ Valero Gas Station with Convenience Store Business and Real Estate
■ Situated on the Hard Corner of a Signalized
Intersection
■ High Yield Opportunity
■ Adjacent to McDonald's
■ Other Retailers in the Area Include HEB Grocery,
Sonic, Whataburger, Texaco and Buc-ee's
■ Located in Gonzales County Which Lies in the
South Texas Eagle Ford Shale
Marcus & Millichap is pleased to exclusively present the
opportunity to acquire the business and real estate of this
Valero Gas Station located in Gonzales, Texas. The subject
property is a 2,475-square foot building on a 0.29-acre parcel
situated on the signalized hard corner of Highway 90 and Saint
Joseph Street with ingress and egress from US Highway 90.
This unique investment allows an investor to take advantage of
location and brand, along with the existing business. Total sales
at this location are in excess of $1.1 million. The purchase of
this business and real estate will include all furniture, fixtures
and equipment owned by the operator.
The city of Gonzales sits in the northeastern region of the Eagle
Ford Shale. In 2012, the Eagle Ford Shale had more than $60
billion dollars in impact on the South Texas economy and
contributed over 116,000 Eagle Ford Shale jobs over 20
counties.
■ Four Fuel Dispensers - One Dedicated for Diesel
This 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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2014 Marcus & Millichap V0490055
1
Valero Gas Station
GONZALES, TX
PROPERTY SUMMARY
The Offering
Property
Property Address
Assessor's Parcel Number
Zoning
Site Description
Number of Stories
Year Built/Renovated
Gross Leasable Area (GLA)
Lot Size
Type of Ownership
Parking
Landscaping
Topography
Construction
Foundation
Framing
Exterior
Valero Gas Station
315 East Sarah DeWitt Drive
Gonzales, TX 78629
13008
Commercial
1
1994 / 2010
2,475 SF
0.29 Acres
Fee Simple
10 Approximate
Partial
Flat
Concrete
Wood
Brick
Parking Surface
Roof
Concrete
Flat
Fuel Dispensers
4, 1-Diesel
Tank Gauge
Mechanical
HVAC
Utilities
Yes
Roof Mounted
All
Interior Detail
Ceilings
Floor Coverings
Rest Rooms
Walk-In Cooler
Point of Sale System
Security Camera System
Suspended Tile
Ceramic
1
Yes; 13-Doors
Two; Ruby
Yes
2
Valero Gas Station
GONZALES, TX
PROPERTY FEATURES
Features
■ Walk-In Cooler with 13 Doors
■ Ruby Registers
■ Security Camera System
■ Beverage Gondola Shelving
Construction
■ Concrete Parking Lot
■ Brick Building
■ Canopy
■ Tank Gauge - Veeder Root
■ Four Fuel Dispensers - One Dedicated to Diesel
3
Valero Gas Station
GONZALES, TX
PROPERTY PHOTOS
4
Valero Gas Station
GONZALES, TX
AREA MAPS
Local Map
Regional Map
5
This 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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
AERIAL PHOTO
GONZALES, TX
Valero Gas Station
6
Valero Gas Station
GONZALES, TX
Valero Gas Station
GONZALES, TX
OFFERING SUMMARY
Major Employers
Local
Employees
Company
Gonzales Independent Schl Dst
745
Gonzales Healthcare Systems
210
Gonzales County Texas
164
Southern Clay Products Inc
150
Adams Extract & Spice LLC
140
Tyson Foods Inc
130
Rex Fine Foods
115
Cleaver-Brooks Inc
100
Wal-Mart Stores Inc
100
Adams Extract Co Inc
80
BuddysEmployers
Natural Chickens Inc
Major
75
Community Health Centers of So
Price
Down Payment
Price per Square Foot (GLA)
Year Built/Renovated
65
$825,000
15% $123,750
Annualized Operating Data
$333.33
2,475
1994 / 2010
Income
Current
2012 Net Operating Income
$81,482
Lot Size
0.29 Acres
Gross Potential Income
$81,482
Parking
10 Approximate
Effective Gross Income
$81,482
Net Operating Income
$81,482
Debt Service
$51,675
VITAL DATA
CAP Rate - Current
9.88%
Debt Coverage Ratio
1.58
Net Operating Income - Current
$81,482
Net Cash Flow After Debt
Net Cash Flow After Debt Service - Current
$29,807
Principal Reduction
Total Return - Current
37.84% / $46,827
Proposed Financing
Loan Type
$17,020
Total Return
37.84% / $46,827
Demographics
First Trust Deed
Loan Amount
24.09% / $29,807
1-Mile
$701,250
Proposed New
3-Miles
5-Miles
2013 Total
3,507
7,879
9,107
2018 Total
3,470
7,802
9,061
Interest Rate
5.5%
2013 Total
1,119
2,641
3,055
Amortization
25 Years
2018 Total
1,118
2,638
3,064
Program
SBA 7(a)
Median HH Income
$35,306
$35,085
$35,975
Loan to Value
85%
Per Capita Income
$14,740
$16,440
$16,754
Debt Coverage Ratio
1.58
Average (Mean) HH
$45,796
$48,153
$49,058
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Valero Gas Station
GONZALES, TX
FINANCIAL OVERVIEW
Annualized Operating Data
Location
315 East Sarah DeWitt Drive
Income
Gonzales, TX 78629
Price
Down Payment
Price/SF
CAP Rate - Current
$825,000
15% $123,750
2,475
$333.33
9.88%
Lot Size
0.29 Acres
Year Built /Renovated
1994/2010
Current
2012 Net Operating Income
$81,482
Gross Potential Income
$81,482
Effective Gross Income
$81,482
Net Operating Income
$81,482
Debt Service
$51,675
Debt Coverage Ratio
1.58
Net Cash Flow After Debt Service
Principal Reduction
24.09% / $29,807
$17,020
Total Return
37.84% / $46,827
Financing
FIRST TRUST DEED
Loan Amount
Loan Type
$701,250
Proposed New
Interest Rate
5.5%
Amortization
25 Years
Program
SBA 7(a)
Loan to Value
85%
Loan information is time sensitive and subject to
change. Contact your local Marcus & Millichap Capital
Corporation representative.
9
Valero Gas Station
GONZALES, TX
Valero Gas Station
GONZALES, TX
DEMOGRAPHIC REPORT
1 Mile
3 Miles
5 Miles
2000 Population
2010 Population
2013 Population
2018 Population
3,382
3,442
3,507
3,470
7,626
7,772
7,879
7,802
8,727
8,989
9,107
9,061
2000 Households
2010 Households
2013 Households
2018 Households
1,120
1,098
1,119
1,118
2,649
2,607
2,641
2,638
3,032
3,017
3,055
3,064
2.93
2.81
2.79
1,566
4,061
4,117
2000 Median Housing Value
$50,910
$52,591
$54,576
2000 Owner Occupied Housing Units
2000 Renter Occupied Housing Units
2000 Vacant
54.63%
34.07%
12.28%
54.53%
33.83%
11.93%
55.23%
32.22%
12.76%
2013 Vacant
62.07%
37.93%
12.36%
62.06%
37.94%
12.39%
63.65%
36.35%
13.28%
2018 Vacant
62.20%
37.80%
12.29%
62.21%
37.79%
12.48%
63.84%
36.16%
13.39%
15.4%
17.3%
16.6%
22.3%
17.3%
5.2%
2.2%
0.5%
1.7%
0.5%
1.1%
15.5%
18.6%
15.7%
17.8%
16.4%
7.7%
4.0%
1.3%
1.3%
0.6%
1.0%
15.7%
17.9%
14.8%
17.5%
17.9%
7.9%
4.2%
1.3%
1.4%
0.6%
1.0%
2013 Median Household Income
2013 Per Capita Income
$35,306
$14,740
$35,085
$16,440
$35,975
$16,754
2013 Average Household Income
$45,796
$48,153
$49,058
2013 Average Household Size
2013 Daytime Population
$ 0 - $14,999
$ 15,000 - $24,999
$ 25,000 - $34,999
$ 35,000 - $49,999
$ 50,000 - $74,999
$ 75,000 - $99,999
$100,000 - $124,999
$125,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 +
Demographic data © 2012 by Experian.
11
Valero Gas Station
GONZALES, TX
SUMMARY REPORT
Geography: 5 Miles
Population
In 2013, the population in your selected geography was 9,107. The population has changed by 4.35% since 2000. It is estimated
that the population in your area will be 9,061 five years from now, which represents a change of 0.50% from the current year. The
current population is 49.7% male and 50.2% female. The median age of the population in your area is 36.0, compare this to the U.S.
average which is 37. The population density in your area is 44.72 people per square mile.
Households
There are currently 3,055 households in your selected geography. The number of households has changed by 0.76% since 2000. It
is estimated that the number of households in your area will be 3,064 five years from now, which represents a change of 0.30% from
the current year. The average household size in your area is 2.79 persons.
Income
In 2013, the median household income for your selected geography is $35,975, compare this to the U.S. average which is currently
$53,535. The median household income for your area has changed by 24.06% since 2000. It is estimated that the median household
income in your area will be $39,863 five years from now, which represents a change of 10.80% from the current year.
The current year per capita income in your area is $16,754, compare this to the U.S. average, which is $28,888. The current year
average household income in your area is $49,058, compare this to the U.S. average which is $75,373.
Race & Ethnicity
The current year racial makeup of your selected area is as follows: 68.12% White, 9.74% African American, 1.16% Native American
and 0.74% Asian/Pacific Islander. Compare these to U.S. averages which are: 72.20% White, 12.65% African American, 0.96%
Native American and 5.01% Asian/Pacific Islander.
People of Hispanic origin are counted independently of race. People of Hispanic origin make up 50.25% of the current year
population in your selected area. Compare this to the U.S. average of 16.55%.
Housing
The median housing value in your area was $54,576 in 2000, compare this to the U.S. average of $110,781 for the same year. In
2000, there were 1,919 owner occupied housing units in your area and there were 1,119 renter occupied housing units in your area.
The median rent at the time was $241.
Employment
In 2013, there are 4,117 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed
that 46.0% of employees are employed in white-collar occupations in this geography, and 53.9% are employed in blue-collar
occupations. In 2013, unemployment in this area is 2.87%. In 2000, the median time traveled to work was 13.2 minutes.
Demographic data © 2012 by Experian.
12
Valero Gas Station
GONZALES, TX
TRAFFIC COUNTS
Traffic Count data © 2012 by TrafficMetrix. All rights reserved.
Two-way, average daily traffic volumes.
* Traffic Count Estimate
13
Valero Gas Station
CLOSING PAGE
GONZALES, TX
BROKERAGE SERVICES
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.
Information About Brokerage Services
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 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:
(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. 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.
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
Buyer, Seller, Landlord or Tenant
Date
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a
complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.
14
Valero Gas Station
GONZALES, TX
OFFERING MEMORANDUM
Exclusively Listed By:
Rehan H. Rajab
Associate
Associate Member, National Retail Group
San Antonio Office
License: TX: 614520
Tel: (210)343-7800
Fax: (210)343-7810
Rehan.Rajab@marcusmillichap.com
www.marcusmillichap.com/rehanrajab
Offices Nationwide
www.MarcusMillichap.com

Valero Gas Station - CRE Investment Advisor

Transcription

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