OFFERING MEMORANDUM CBRE CAPITAL MARKETS …

[Pages:18]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@

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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

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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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NEW HOUSING GROWTH

UNDER DEVELOPMENT & PLANNED SINGLE-FAMILY DEVELOPMENTS

SUBDIVISION 1 TAVOLO PARK

LOTS

1,225

2 VILLAGES OF SUNSET POINTE

443

3 LLANO SPRINGS

1,468

4 SUMMER CREEK SOUTH

515

5 CHISHOLM TRAIL WEST

812

6 WELLINGTON POINT

235

7 CHISHOLM TRAIL EAST

210

8 MCPHERSON VILLAGE

446

9 ROCK CREEK RANCH TOTAL

4,000

9,354

UNDER DEVELOPMENT & PLANNED MULTI-FAMILY DEVELOPMENTS

COMMUNITY A THE DYLAN

UNITS

220

B CHISHOLM TRAIL

360

C CHISHOLM TRAIL WEST

360

D CHISHOLM TRAIL EAST TOTAL

220

1,160

5250 SYCAMORE SCHOOL ROAD | FORT WORTH, TX 76123

1

TAVOLO PARK (1,225 LOTS)

3

LLANO SPRINGS (1,468 LOTS)

5

CHISHOLM TRAIL WEST (812 LOTS)

C

CHISHOLM TRAIL WEST (360 UNITS)

TARLETON STATE UNIVERSITY FALL 2019 OPEN

(FUTURE 10,000 STUDENT ENROLLMENT)

A

THE DYLAN (220 UNITS)

2

VILLAGES OF

SUNSET POINTE

(443 LOTS)

4

SUMMER CREEK SOUTH

(515 LOTS)

B

CHISHOLM TRAIL

(360 UNITS)

CROWLEY MIDDLESCHOOL (626 STUDENTS)

6

WELLINGTON POINT

NORTH CROWLEY HIGH SCHOOL

(2,454 STUDENTS)

(235 LOTS)

SUMMER CREEK MIDDLE SCHOOL (768 STUDENTS)

D

CHISHOLM TRAIL EAST (220 UNITS)

8

MCPHERSON VILLAGE 446 LOTS)

7

CHISHOLM TRAIL EAST (210 LOTS)

9

ROCK CREEK RANCH

(4,000 LOTS)

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SURROUNDING NEW CONSTRUCTION

5250 SYCAMORE SCHOOL ROAD | FORT WORTH, TX 76123

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TENANT INFORMATION

TYPE YEARS IN BUSINESS NO. OF LOCATIONS

HEADQUARTERS WEBSITE

SQUARE FOOTAGE % OF CENTER

Restaurant 47

28,200+ Seattle, WA

2,000 50.00%

5250 SYCAMORE SCHOOL ROAD | FORT WORTH, TX 76123

Starbucks is an American coffeehouse franchise offering hot and cold drinks, whole bean coffee, instant coffee, full and loose-leae teas, juices, pastries, and snack and lunch items. Customers may also purchase seasonal items specific to the locatio of the store including mugs, travel mugs, and tumblers. Starbucks expanded globally in 1996 and almost 1/3 of the locations operating are international.

TYPE YEARS IN BUSINESS NO. OF LOCATIONS

HEADQUARTERS WEBSITE

LEASE GURANTOR YEARS IN BUSINESS NO. OF LOCATIONS

HEADQUARTERS WEBSITE

SQUARE FOOTAGE % OF CENTER

Telecommunications 24

20,000+ Bellevue, WA t- MobileOne LLC

9 128+ San Diego, CA 2,000 50.00%

T-Mobile, is a United States-based wireless network operator whose majority shareholder is the German telecommunications company Deutsche Telekom. T-Mobile provides wireless voice and data services in the United States, Puerto Rico and the U.S. Virgin Islands under the T-Mobile and MetroPCS brands. The company has annual revenues of over $40 billion.

This T-Mobile location is operated by MobileOneLLC, with over 128 stores in seven states. MobileOne has grown 1050% in the past three years and has been recognized by INC 5000. The recognition highlighted that the franchise is one of America's fastest growing private companies.

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