OFFERING MEMORANDUM CBRE CAPITAL MARKETS STARBUCKS | T-MOBILE

OFFERING MEMORANDUM

CBRE CAPITAL MARKETS

STARBUCKS | T-MOBILE

5250 SYCAMORE SCHOOL ROAD | FORT WORTH, TX 76123

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OFFERING SUMMARY

EXCLUSIVE MARKETING ADVISORS:

5250 SYCAMORE SCHOOL ROAD | FORT WORTH, TX 76123

JARED AUBREY

SENIOR VICE PRESIDENT +1 214 252 1031 jared.aubrey@

PRICE

$2,909,000

CAP RATE

5.50%

NET OPERATING INCOME

$160,000

AVERAGE REMAINING TERM

9.5 YEARS

GROSS LEASEABLE AREA

4,000 SF

LAND AREA

0.83 ACRES

OCCUPANCY

100%

YEAR BUILT

2018

MICHAEL AUSTRY

VICE PRESIDENT +1 214 252 1115 michael.austry@

2

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INVESTMENT HIGHLIGHTS

++ Long-Term Triple Net Leases with Strong Lease Guarantees ? New 10 Year Leases with Corporate Starbucks and Proven & Expanding T-Mobile operator (128 stores in 7 states)

++ Brand New, High Quality Construction with Drive-Thru ? Built in 2018 the property has both outdoor seating and a drive-thru for the Starbucks space

++ Located off New Chisholm Trail Parkway ? The $860 Million, 28-mile roadway already has over 30,000 vehicles per day and is quickly growing due to the significant residential growth driven by high quality schools, affordability, proximity to Downtown Fort Worth and infrastructure

++ Just miles to Future Tarleton University campus ? The 80-Acre Texas A&M University System scheduled to open Fall 2019

++ Internet-Resistant, Complementary Tenant Mix

++ Densely Developed Residential Market with Strong Demographics ? There are over 334,000 people in the 7-mile demographic ring with average household income exceeding $99,000 within 1-mile of the property

++ Across From New Wal-Mart Neighborhood Market ? Huge traffic generator, ideal consumer base

++ Texas has NO State Income Tax

5250 SYCAMORE SCHOOL ROAD | FORT WORTH, TX 76123 3

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TENANT ROSTER

5250 SYCAMORE SCHOOL ROAD | FORT WORTH, TX 76123

TENANTS

STARBUCKS T-MOBILE TOTAL OCCUPIED

SF

2,000 2,000 4,000

GLA %

50% 50% 100%

LEASE

LEASE

ANNUAL BASE

COMMENCEMENT EXPIRATION RENT TOTAL

JULY 2018

JUNE 2028

$86,000

SEPTEMBER 2018 AUGUST 2028

$74,000

$160,000

LEASE TYPE

NNN

NNN

4

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PROPERTY AERIAL | 0.5 MILE VIEW

5250 SYCAMORE SCHOOL ROAD | FORT WORTH, TX 76123

(1,225 LOTS)

THE DYLAN (220 UNITS)

30,000 VPD

(1,468 LOTS)

UNDER DEVELOPMENT & PLANNED SINGLE FAMILY DEVELOPMENTS UNDER DEVELOPMENT MULTI-FAMILY DEVELOPMENTS

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