sendero plaza for sale

FOR SALE
SENDERO PLAZA
1401 N Highway 123 Bypass, Seguin, TX 78155
LOCATION
100%
to regi
o
nal-crLeEASED
dit ten
ants
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Building / Land / Parking:
Built in /Construction Type:
Roof Type:
Price:
10,200 Square Feet / 1.1 Acre / 44 parking spaces
2005 / Insulated metal frame with stucco exterior
Corrugated metal built-up
$1,750,000 ($171.56 Per Square Foot)
Tenants’ Leases:
- Inbuilt rent increases (Hence, cap increases)
- Staggered expiration dates
- Strong credit guarantees
- Easy to manage all NNN leases
CURRENT (Yr. 2014)
PRO-FORMA (Yr. 2015)
GROSS INCOME
$169,344
$170,828
EXPENSES
$37,515
$37,515
NOI
$131,829
$133,313
CAP
7.5%
7.76%
With loan assumption
7.79%
8%
24 miles East of San Antonio (via I-10)
50 miles South of Austin (via I-35)
150 miles West of Houston (via I-10)
14 miles South of New Braunfels (via US-46)
FOR ADDITIONAL INFORMATION CONTACT LISTING BROKER:
Inna Gallagher / 713.817.5030
igallagher@rubiconrealty.com
3281 Rocky Creek Drive, St. 100
Missouri City, Texas 77459
Disclaimer: The information contained in this file, while supplied by sources deemed reliable, is subject to errors and omissions and is not, in any way, warrantied by Rubicon Realty Group or by an agent, independent associate or
employee of Rubicon Realty Group. This information is subject to change without notice.
TENANTS & SITE PLAN
ANYTIME FITNESS is a franchisee operated gym, which has been a tenant in the center
since November 2005 and has approximately 1,200 members. They occupy 35% of the
building. The gym operates on a contract membership basis, with an annual fee of
approximately $335 per person. This operator has 12 more location in San Antonio—
Austin Metro markets.
ATLAS CREDIT is a Texas-based consumer lending organization. It offers short term cash
loans to its consumers. Founded in Tyler, TX, it grew into a 45-stores chain since 1968. The
lease is corporately guaranteed by Atlas Credit Company, Inc.
TEXAS WOMEN, INFANTS AND CHILDREN (WIC) is a state funded program by Texas
Department of State Health Services. They have been a tenant in Sendero Plaza since
November 2007. WIC is a nutrition program that helps pregnant women, new mothers
and young children eat well, learn about nutrition and stay healthy. WIC provides
nutrition education and counseling, nutritious foods and help accessing health care.
TRINITY STUFFING SERVICS provides the contingent workforce for one of Sequin's largest
employers, and a Fortune 150 company, Continental Automotive System. Trinity has
partnered with Continental to provide workforce solutions for the production electronic
components for passenger vehicles such as safety systems to sensors, actuation and
hybrid technology for many of the largest automotive manufactures.
CLOUD 9 VAPOR SHOP used to operate on College Street in Seguin, but outgrew their
space and moved to Sendero Plaza in June 2014. The operators have strong community
ties and an established customer base.
AREA
Located within 1.3-mi radius from:
 WAL-MART
 HEB
 Regional Medical Center
 Office Depot
 Caterpillar Factory
SENDERO PLAZA
Over 23,000
cars per day
on Rt. 123
Seguin
High
School
Texas
Lutheran
University
Regional Medical Center
i
1.3m
y
awa
DAILY CAR TRAFFIC COUNTS
Performed by Gram Traffic Counting, Inc on 4/27/2012
SENDERO
PLAZA
LOCAL ECONOMY
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47.75% increase in population from 2000-2010.
Retail hub for 3 counties, Guadalupe, Gonzalez and Wilson.
EMPLOYMENT
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Highest manufacturing jobs per capita in the state of Texas, with almost twice the national average manufacturing jobs.
Over 2013 year, Seguin's Unemployment Rates continue to be below the statewide and nationwide average.
Major Employers (industry) - Number of Employees:
Caterpillar (industrial equipment manufacturer)
-
1,206
Seguin Independent School District (education)
-
1,085
Continental AG (auto electronic control unit maker)
-
1,002
Tyson Foods (poultry processing plant)
-
850
CMC Steel (manufacturing/recycling/trace of metals)
-
847
Guadalupe Regional Medical Center
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667
City of Seguin
-
338
Texas Lutheran University
-
314
Wal-Mart Super Center
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400
HEB
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250
*Sources: Texas Workforce Commission, SEDC, entities, December 2013.
HOUSING
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1100+ new homes platted since 2011
Rental market sustains 95% occupancy levels
Source: GRAM Traffic Counting, 2012
DEVELOPMENT
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Proposed Seguin Commerce Center by NewQuest Properties located at NW Corner
of I-10 and US. 46 will have: 120 acres will be dedicated to retail development and
325 acres will be subdivided among multi-family, senior living, office, light industrial,
manufacturing, and distribution centers
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In November 2013, a $14.8 million bond was approved for a new public library
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Another $5 million bond was approved to improve the existing parks
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300,000 SF industrial building adjacent to Caterpillar facility was sold for $22.6
million in October, 2013
Disclaimer: The information contained in this file, while supplied by sources deemed reliable, is subject to errors and omissions and is not, in any way, warrantied by Rubicon Realty Group or by an agent, independent associate or
employee of Rubicon Realty Group. This information is subject to change without notice.
DEMOGRAPHICS
1-mi.
3-mi.
5-mi.
2012 Total Population
3,415
21,551
34,572
2012 Total Daytime Population
3,595
25,071
38,942
2012 Total Employees
1,727
12,786
19,878
2012 Household Income: Median
$41,223
$35,411
$42,151
2012 Household Income: Average
$56,182
$49,059
$57,872
2012 Total Population: Median Age
37
35
37
2012 Total Population: Adult Median Age
51
48
49
74.88%
74.60%
78.60%
% 2012 Black or African American alone
6.53%
8.30%
6.58%
% 2012 American Indian and Alaska Native alone
0.67%
0.52%
0.50%
% 2012 Asian alone
1.84%
0.72%
0.76%
% 2012 Native Hawaiian and OPI alone
0.06%
0.05%
0.04%
13.15%
13.29%
11.18%
2.87%
2.52%
2.34%
% 2012 Hispanic
53.32%
57.77%
49.81%
% 2012 Not Hispanic
46.68%
42.23%
50.19%
% Population Change 2010-2012
2.65%
2.67%
3.48%
% Population Change 2000 to 2012
1.04%
2.24%
10.99%
% 2000 Occupied Housing Units
93.71%
92.45%
91.32%
% 2000 Owner occupied housing units
56.38%
60.10%
66.92%
% 2000 Renter occupied housing units
43.62%
39.90%
33.08%
% 2012 White alone
% 2012 Some Other Race alone
% 2012 Two or More Races alone
Source: Pitney Bowes, via www.Loopnet.com, accessed 2014
Disclaimer: The information contained in this file, while supplied by sources deemed reliable, is subject to errors and omissions and is not, in any way, warrantied by Rubicon Realty Group or by an agent, independent associate or
employee of Rubicon Realty Group. This information is subject to change without notice.
LOCAL ATTRACTIONS
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ZDT's Amusement Park, a family-owned, family-oriented amusement park featuring 12 attractions. Re-purposed century-old agribusiness structures
provide Texas' highest indoor playground with tunnels and slides, wall climbing up former silos, and riding go-karts through, and on the roof of, an old
warehouse, as well as modern parachute drop and water ride.
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The Texas Agricultural Education and Heritage Center - The "Big Red Barn" helps kids and others learn the mechanics and history of farming in
Central Texas. Sample crops and gardens, barnyard animals and poultry, displays of vintage equipment and tools. A collected village has houses,
barns, a one-room schoolhouse, a pharmacy, blacksmith shop, gas station, a church, and other relics from our rural past. Many events on weekends,
and tours by appointment.
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Sebastopol House State Historic Site is perhaps the finest surviving 19th-century concrete building west of the Mississippi. Here on the frontier,
settlers began experimenting with concrete construction years before the Civil War, and built 100 or so structures of "lime-crete", as it was called. A
team of slaves built this mansion, mixing local gravel (caliche), sand, lime, and some organic materials, then pouring the mix into wooden forms. When
the concrete was solid, they raised the forms and repeated the process. A journalist declared Seguin "The Mother of Concrete Cities". Sebastopol
House, a well-preserved architectural masterpiece, built in 1856 in Greek Revival style, is now a museum offering free tours.
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Heritage Museum - Artifacts from paleo-Indian archeological sites, a display on the Wilson Pottery (the first business in Texas successfully operated
by ex-slaves after the Civil War), and keep chests of other historical collections that illustrate area's the rich multi-ethnic heritage; located downtown.
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Heritage Village -The oldest still-surviving Protestant church in Texas, built in 1849 for a Methodist Conference, outlived the state's older churches lost
to storms, fires, and progress (torn down to make way for newer, larger ones).
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Pape's Pecan House and Nutcracker Museum - features an awesome display of the world's largest collection of nutcrackers, from Germany, India,
and around the world. Varieties of the local nuts are for sale, shelled and unshelled, as well as in candies.
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Texas Theatre - Built in the town's oil boom (opened March 1931), designed by Marvin Eichenroht, a "local boy" with a degree from M.I.T. Lovingly
restored, the building shows an exuberant mix of styles, variants of Art Deco called Zig Zag and Art Moderne. Materials including fancy brickwork,
colorful tiles, rich woods and textiles, brass fixtures, even mica for the lampshades. The vertical sign reading T E X A S and the flashing lone star at the
top are surrounded by chasing lights, a wonderful survivor of spectacular signage from the era before neon took over.
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Palace Theatre - a second downtown theatre which offers periodic community events
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The Fiedler Museum - Displays of geological examples, with various types of rocks from across the state in a small garden at Langner Hall on the TLU
campus.
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The "World's Largest Pecan" - A five-feet long, two-and-a-half feet wide concrete nut erected in 1962 sits in front of the county courthouse. This
county is a large producer of pecans and often claims the nickname "Pecan Capital of Texas." Seguin itself has been described as "a big pecan
orchard with a small town in it".[11] A new pecan-shaped sculpture, four feet longer than the previous record holder, was unveiled on July 4, 2011 to
ensure its place as the "World's Largest." It can be seen at the Texas Agricultural Education and Heritage Center. The original and still photogenic 'big
pecan' remains at its downtown location.
(Source: www.Wikipedia.org)
Disclaimer: The information contained in this file, while supplied by sources deemed reliable, is subject to errors and omissions and is not, in any way, warrantied by Rubicon Realty Group or by an agent, independent associate or
employee of Rubicon Realty Group. This information is subject to change without notice.
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 that 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 question or complaint
regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)
TREC No. OP-K