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OFFERING MEMORANDUM LOST CREEK VILLAGE 1546 East Stacy Road | Allen, TX

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OFFERING MEMORANDUM LOST CREEK VILLAGE 1546 East Stacy Road | Allen, TX OFFERING MEMORANDUM LOST CREEK VILLAGE 1546 East Stacy Road | Allen, TX For More Information: George Tanghongs, SIOR, CCIM Shane Hariz Matthew C. Sullivan Principal Senior Investment Advisor, Partner Managing Director, Principal 972-934-4008 213-623-0800 ext. 2 213-623-0800 ext. 1 [email protected] [email protected] [email protected] BRE License # 00445363 BRE License # 02025736 BRE License # 00848427 4312 Eagle Rock Boulevard | Los Angeles, CA 90041 | 213.623.0800 | lee-isg.com 1546 East Stacy Road - Allen, TX Table of Contents SECTION I - EXECUTIVE OVERVIEW For more information, please contact Executive Summary. 4 one of the following individuals: Property Overview. 5 BROKERS MATTHEW SULLIVAN Managing Director SECTION II - PROPERTY DESCRIPTION 213.623.0800 ext. 1 Property Photos ...................................................................7 [email protected] Lic. 00848427 Site Plan ........................................................................8 Floor Plan .......................................................................9 SHANE HARIZ Senior Investment Advisor Aerial View ......................................................................10 213.623.0800 ext. 2 [email protected] Lic. 02025736 SECTION III - FINANCIAL ANALYSIS Income & Expense ...............................................................12 GEORGE TANGHONGS, SIOR, CCIM Principal Rent Roll .......................................................................13 972.934.4008 [email protected] Lic. 00445363 SECTION V - AREA DESCRIPTION Area Map .......................................................................15 Location Overview ................................................................16 CONFIDENTIALITY AGREEMENT The information contained in the following Marketing Proposal is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Lee & Associates - Investment Services Group and should not be made available to any other person or entity without the written consent of Lee & Associates Investment Services Group. This Marketing Proposal has been prepared to provide summary, unverified information to the aforementioned owner of the property receiving it. The information contained herein is not a substitute for a thorough due diligence investigation. Lee & Associates Investment Services Group 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 Prooposal has been obtained from sources we believe to be reliable; however, Lee & Associates Investment Services Group has not verified, and will not verify, any of the information contained herein, nor has Lee & Associates Investment Services Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. The owner must take appropriate measures to verify all of the information set forth herein. 2 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. EXECUTIVE SUMMARY EXECUTIVE PROPERTY OVERVIEW SUMMARY 1546 East Stacy Road - Allen, TX Executive Summary THE PROPERTY: Lost Creek Village 1546 East Stacy Road Allen, Texas 75002 PRICING LIST PRICE: $ 6,635,000 ($ 373/sq. ft.) CURRENT CURRENT OCCUPANCY: 100 % CURRENT GROSS INCOME: $ 567,217 ESTIMATED EXPENSES: $ 169,251 CURRENT NET INCOME: $ 397,966 CURRENT CAP RATE: 6.0 % 4 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 1546 East Stacy Road - Allen, TX Property Overview Lost Creek Village is a ±17,801 square foot retail strip center located in Collin County. The center is situated on the north edge of Allen and adjacent to Fairview; both communities are experiencing exponential growth. The retail center is ideally located in a residential community just east of the 75 Freeway. Major tenants along Stacy Road include Comerica Bank, Macy’s, Old Navy, In-N-Out Burger and Walgreen’s. Major shopping centers nearby include Allen Premium Outlets, The Village at Allen and The Village at Fairview. YEAR COMPLETED: 2004 APN: 5066-001-0010-1 BUILDING SIZE: ± 17,801 net rentable square feet LAND AREA: ± 84,463 square feet (± 1.94 acres) STACY RD LAND AREA:: One (1) STORIES: One (1) BUILDINGS: One (1) SUITES: Eleven (11) PARKING: ± 120 parking spaces (6.74 per 1,000 SF) ZONING: Commercial TRAFFIC COUNTS: 18,200 ADT at E Stacy Rd (at Lost Creek Dr) DEMOGRAPHICS 1-mile 3-miles 5-miles POPULATION (2021): 11,324 67,436 198,017 AVG. HH INC. (2021): $171,635 $136,201 $126,608 5 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. PROPERTY PHOTOS PROPERTY SITE PLAN FLOOR PLAN DESCRIPTION AERIAL VIEW 1546 East Stacy Road - Allen, TX Property Photos 7 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 1546 East Stacy Road - Allen, TX Site Plan N (NAP) (NAP) not drawn to scale 8 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 1546 East Stacy Road - Allen, TX Floor Plan Suite Suite Suite Suite Suite Suite Suite Suite Suite Suite Suite 200 197 195 190 170 160 155 150 140 130 100 N 1,900 SF 1,130 SF 1,440 SF 1,200 SF 1,971 SF 1,200 SF 1,600 SF 1,600 SF 1,200 SF 2,000 SF 2,560 SF Stacy Allen Farmers Chinese Smoke & King City Nails Impact Insurance Pizza Stacy Plano Fairview Express Vapor Donuts & Spa Chirosport Agency Hut Subway Wellness Dentistry Eyecare Unit # Tenant Sq. Ft. Lease Type Lease Expiration 100 Fairview Eyecare 2,560 NNN 09/30/21 130 Plano Dentistry 2,000 NNN 11/30/22 140 Stacy Wellness 1,200 NNN 07/31/23 150 Subway 1,600 NNN 11/30/24 155 Pizza Hut 1,600 NNN 01/31/26 160 Farmers Insurance Agency 1,200 NNN 05/31/26 170 Impact Chirosport 1,971 NNN 03/21/23 190 City Nails & Spa 1,200 NNN 02/28/26 195 King Donuts 1,440 NNN 10/31/23 197 Allen Smoke & Vapor 1,130 NNN 03/31/24 200 Stacy Chinese Express 1,900 NNN 10/31/21 TOTAL SF 17,801 9 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 1546 East Stacy Road - Allen, TX Aerial View 75 N ALLEN FAIRVIEW PREMIUM TOWN OUTLETS CENTER Subject Property Allen, TX STACY RD SAM JOHNSON HWY EAST STACY RD THE VILLAGE at ALLEN 75 N GREENVILLE AVE ANGEL PKWYANGEL 10 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INCOME & EXPENSE FINANCIAL RENT ROLL ANALYSIS 1546 East Stacy Road - Allen, TX Income & Expense PRICING Price $ 6,635,000 Rentable Square Feet 17,801 Price/Rentable Square Feet $373 Current Occupancy 100% INCOME & EXPENSE Current INCOME Base Rent $ 397,966 CAM Recovery 169,251 Effective Gross Revenue $ 567,217 EXPENSE PSF RE Taxes + Assessments $ 92,599 5.20 Insurance 9,133 0.51 Repairs & Maintenance 22,587 1.27 Security 2,310 0.13 Waste Removal 11,081 0.62 Utilities 14,671 0.82 Management Fees 3.0% 16,870 0.95 Total Expenses $ 169,251 9.51 TOTALS Net Operating Income $ 397,966 Cap Rate 6.0% 12 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 1546 East Stacy Road - Allen, TX Rent Roll Rentable Base Total Rent Rent Lease Annual Suite Tenant Name Sq. Ft. % Rent/Mo Rent/Yr SF/Mo SF/Yr Type CAM Start Expire Options 100 Fairview Eyecare 2,560 14.4% $4,693 $56,320 $1.83 $22.00 NNN $24,340 10/01/07 09/30/21 1x5 130 Plano Dentistry 2,000 11.2% $3,917 $47,000 $1.96 $23.50 NNN $19,016 05/01/05 11/30/22 140 Stacy Wellness 1,200 6.7% $2,100 $25,200 $1.75 $21.00 NNN $11,410 08/01/20 07/31/23 150 Subway 1,600 9.0% $2,743 $32,912 $1.71 $20.57 NNN $15,213 12/01/04 11/30/24 1x5 155 Pizza Hut 1,600 9.0% $3,067 $36,804 $1.92 $23.00 NNN $15,213 02/01/06 01/31/26 1x5 160 Farmers Insurance Agency 1,200 6.7% $2,200 $26,400 $1.83 $22.00 NNN $11,410 03/01/21 05/31/26 170 Impact Chirosport 1,971 11.1% $3,778 $45,333 $1.92 $23.00 NNN $18,740 02/01/20 03/21/23 1x5 190 City Nails & Spa 1,200 6.7% $2,300 $27,600 $1.83 $22.00 NNN $11,410 03/01/21 02/28/26 1x5 195 King Donuts 1,440 8.1% $2,396 $28,757 $1.66 $19.97 NNN $13,691 06/01/17 10/31/23 197 Allen Smoke & Vapor 1,130 6.3% $1,695 $20,340 $1.50 $18.00 NNN $10,744 04/01/21 03/31/24 200 Stacy Chinese Express 1,900 10.7% $4,275 $51,300 $2.25 $27.00 NNN $18,065 07/01/05 10/31/21 TOTAL 17,801 100% $33,164 $397,966 $169,251 OCCUPIED AREA 17,801 100% $33,164 $397,966 $169,251 VACANT AREA 0 0% $0 $0 $0 13 No warranty or representation is made to the accuracy of the foregoing information.
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