trec no. iabs 1-0, information about brokerage

RESTAURANT
FOR LEASE
Total SF: 6,600
Available: 6,600 SF
Call for pricing
GTC - Former Mimi's
Traffic Counts
William D Tate
SH 114
Hwy 26 between Hwy 114 & William
D Tate
1449 W State Highway 114 #500
Grapevine, TX 76051
Features
The outparcel pad of Grapevine Towne Center, which is the Target anchored 330,000 sf community center, is
available for lease. The building features interior seating for 195 and 18 for exterior; 119 parking spaces, plus shared
Grapevine Towne Center lot. Has 315 SF of built-in cooler/freezer, 250 SF prep area and 170 SF of dry storage.
Destination dining location on SH 114 Corridor
Surrounding restaurants include Uncle Julio's, Silver Fox, Ferrari's Villa, P.F. Chang's and Pappadeaux Seafood
Kitchen
Restaurant sales exceed $40M in a 3-mile radius
Located at the intersection of SH 114, William D. Tate and SH 26.
Demographics
Year: 2015
Population Estimate
Total Households
Average HH Income
5 Year Population Growth
Michelle Caplan
Executive Vice President
(214) 720-6661
mcaplan@weitzmangroup.com
1 Mile
3,365
1,501
$83,785
5.90%
3 Mile
52,608
18,845
$120,472
7.60%
Matt Luedtke
Vice President
(214) 720-6605
mluedtke@weitzmangroup.com
28,186 VPD
105,144 VPD
20,684 VPD
Area Retailers & Businesses
5 Mile
118,064
42,790
$130,694
9.60%
Dallas-Fort Worth
3102 Maple Avenue, Suite 350
Dallas, TX 75201
The information was obtained from sources deemed reliable; however, The Weitzman Group makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The
presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. The Weitzman Group, which provides real estate brokerage
services, and Cencor Realty Services, which provides property management and development services, are divisions of Weitzman Management Corporation, a regional realty corporation.
Grapevine Towne Center - Former Mimi’s
The Retail Specialists®
FLOOR PLAN
Intersection of SH 114, William D. Tate & SH 26
Grapevine, Texas
GTC - Former Mimi’s
Dallas/Fort Worth
3102 Maple Avenue, Suite 350
Dallas, Texas 75201
With regard to this Exhibit, the parties agree that the exhibit is attached solely for the purpose of locating the Shopping Center and the Demised Premises within the Shopping Center and that no
representation, warranty, or covenant is to be implied by any other information shown on the exhibit (i.e., any information as to buildings, tenants or prospective tenants, etc., is subject to
change at any time).
Grapevine Towne Center - Former Mimi’s
Intersection of SH 114, William D. Tate & SH 26
Grapevine, Texas
The Retail Specialists®
DS (S.H. 26)
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Dallas/Fort Worth
3102 Maple Avenue, Suite 350
Dallas, Texas 75201
With regard to this Exhibit, the parties agree that the exhibit is attached solely for the purpose of locating the Shopping Center and the Demised Premises within the Shopping Center and that no
representation, warranty, or covenant is to be implied by any other information shown on the exhibit (i.e., any information as to buildings, tenants or prospective tenants, etc., is subject to
change at any time).
11-2-2015
Information＃About＃Brokerage＃Services＃
Texas law requires all real estate license holders to give the following informaƟon about
brokerage services to prospecƟve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
.
• A BROKER is responsible for all brokerage ac vi es, 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 informa on about the property or transac on received by the broker;
• Answer the client’s ques ons and present any offer to or counter-offer from the client; and
• Treat all par es to a real estate transac on 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 wri en lis ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du es
above and must inform the owner of any material informa on about the property or transac on known by the agent, including
informa on 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
wri en representa on agreement. A buyer's agent must perform the broker’s minimum du es above and must inform the buyer of any
material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or
seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must first obtain the wri en
agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary:
• Must treat all par es to the transac on impar ally and fairly;
• May, with the par es' wri en 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 instruc ons of each party to the transac on.
• Must not, unless specifically authorized in wri ng to do so by the party, disclose:
ᴑ that the owner will accept a price less than the wri en asking price;
ᴑ that the buyer/tenant will pay a price greater than the price submi ed in a wri en offer; and
ᴑ any confiden al informa on or any other informa on that a party specifically instructs the broker in wri ng 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 transac on 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 du es and responsibili es to you, and your obliga ons under the representa on 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 no ce is being provided for informa on purposes. It does not create an obliga on for
you to use the broker’s services. Please acknowledge receipt of this no ce below and retain a copy for your records.
The Weitzman Group
Licensed Broker /Broker Firm Name or
Primary Assumed Business Name
Robert E. Young, Jr.
Designated Broker of Firm
402795
twgre@weitzmangroup.com 214-954-0600
License No.
292229
Email
byoung@weitzmangroup.com 214-720-6688
License No.
Blake Robert Shipp
Licensed Supervisor of Sales Agent/
Associate
Michelle Weitzman Caplan
Sales Agent/Associate’s Name
581658
Phone
Email
Phone
bshipp@weitzmangroup.com 214-720-3641
License No.
Email
Phone
464232
mcaplan@weitzmangroup.com
214-720-6661
License No.
Email
Phone
Buyer/Tenant/Seller/Landlord Initials
Regulated by the Texas Real Estate Commission
Date
InformaƟon available at www.trec.texas.gov
IABS 1-0
11-2-2015
Information＃About＃Brokerage＃Services＃
Texas law requires all real estate license holders to give the following informaƟon about
brokerage services to prospecƟve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
.
• A BROKER is responsible for all brokerage ac vi es, 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 informa on about the property or transac on received by the broker;
• Answer the client’s ques ons and present any offer to or counter-offer from the client; and
• Treat all par es to a real estate transac on 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 wri en lis ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du es
above and must inform the owner of any material informa on about the property or transac on known by the agent, including
informa on 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
wri en representa on agreement. A buyer's agent must perform the broker’s minimum du es above and must inform the buyer of any
material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or
seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must first obtain the wri en
agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary:
• Must treat all par es to the transac on impar ally and fairly;
• May, with the par es' wri en 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 instruc ons of each party to the transac on.
• Must not, unless specifically authorized in wri ng to do so by the party, disclose:
ᴑ that the owner will accept a price less than the wri en asking price;
ᴑ that the buyer/tenant will pay a price greater than the price submi ed in a wri en offer; and
ᴑ any confiden al informa on or any other informa on that a party specifically instructs the broker in wri ng 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 transac on 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 du es and responsibili es to you, and your obliga ons under the representa on 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 no ce is being provided for informa on purposes. It does not create an obliga on for
you to use the broker’s services. Please acknowledge receipt of this no ce below and retain a copy for your records.
The Weitzman Group
Licensed Broker /Broker Firm Name or
Primary Assumed Business Name
Robert E. Young, Jr.
Designated Broker of Firm
402795
twgre@weitzmangroup.com 214-954-0600
License No.
292229
Email
byoung@weitzmangroup.com 214-720-6688
License No.
Blake Robert Shipp
Licensed Supervisor of Sales Agent/
Associate
Matthew Edwin Luedtke
Sales Agent/Associate’s Name
581658
Phone
Email
Phone
bshipp@weitzmangroup.com 214-720-3641
License No.
Email
Phone
501594
mluedtke@weitzmangroup.com
214-720-6605
License No.
Email
Phone
Buyer/Tenant/Seller/Landlord Initials
Regulated by the Texas Real Estate Commission
Date
InformaƟon available at www.trec.texas.gov
IABS 1-0