REPRESENTATIVE PHOTO
VALVOLINE GROUND LEASE RAPIDLY GROWING HOUSTON SUBURB | FREEWAY VISIBILITY – SUPER TARGET OUTPARCEL
HUMBLE, TX Overview REPRESENTATIVE PHOTO VALVOLINE TOWNSEN BLVD & US HWY 59 FRONTAGE RD, HUMBLE, TEXAS 77338
$1,714,000 5.25% PRICE CAP
LEASABLE AREA BUILDING AREA LEASE TYPE 45,545 SF 2,100 SF Ground
LEASE TERM YEAR BUILT PARKING 15 Years 2019 42 Spaces
Brand new 15-year ground lease with 10% rental escalations every 5 years in base term and each of the three 5-year option periods
Outparcel to a Super Target and Kohl’s anchored shopping center
Corporate Guarantee – 1,170+ locations in the U.S. – $2.3 Billion in Revenue
High Growth - In the next four years there is a forecasted 10% population increase within a 3-mile radius of the subject property
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the $90,000 incomes within a 1-mile radius 2 information. Buyer must verify the information and bears all risk for any inaccuracies. Investment Highlights Contact the CAPITAL PACIFIC is pleased to present the opportunity to acquire Valvoline in Humble, team Texas. The property is located in the heart of Humble's retail corridor and within a Super Target and Kohl’s anchored shopping center, with Costco located across the street. Currently under construction, this 15-year ground lease features 10% rental increases RICK SANNER in every 5 years and is corporately guaranteed by Valvoline. The Valvoline site offers [email protected] excellent access with the ability to stack numerous cars, and easy ingress and egress. PH: 415.274.2709 The site is just off Interstate 69, which sees daily traffic counts of over 136,000 cars. CA DRE# 01792433 The lease is an absolute NNN ground lease featuring zero landlord maintenance or expense responsibilities.
THE SUBJECT PROPERTY is located in Humble, a booming Houston suburb located just 15 miles from downtown Houston. According to the Lake Houston Economic Development Partnership, the daytime population in Humble is close to 100,000 due to its draw as the primary retail center in the region. It’s home to the Deerbrook Mall, the only regional mall, and big box shopping such as Costco, Petsmart, Academy, Best Buy, Bed Bath & Beyond and many more; these retailers pull shoppers from a 25-mile radius.
REPRESENTATIVE PHOTO
IN CONJUNCTION WITH TX LICENSED BROKER: Peter Ellis PH: 210.325.7578 [email protected]
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any VALVOLINE HAS OVER 1,170 LOCATIONS inaccuracies. THROUGHOUT THE U.S. 3 Aerial
1960 FARM TO MARKET 1960 69
ELEMENTARY SCHOOL 42,157 LONE STAR COLLEGE- 52,943 VPD NORTH VPD ELEMENTARY SCHOOL HARRIS FARM TO MARKET 1960
HARDY TOLL ROAD
MEMORIAL MIDDLE HERMANN SCHOOL NORTHEAST HOSPITAL
GOLF HIGH COURSE SCHOOL
ELEMENTARY HARRIS SCHOOL GEORGE BUSH COUNTY INTERCONTINENTAL AIRPORT ACADEMY ELEMENTARY SCHOOL SPORTS COMPLEX HOUSTON 173,719 VPD SCHOOL CITY 69 CENTER
ELEMENTARY SCHOOL
ELEMENTARY 8 8 8 SAM HOUSTON SCHOOL HARDY TOLL ROAD TOLLWAY
MIDDLE ACADEMY SCHOOL GOLF 69 COURSE
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 4 REPRESENTATIVE PHOTO Submarket Overview
RETAILERS IN CLOSE PROXIMITY INCLUDE:
Target Best Buy Office Depot Costco The Home Depot Old Navy Kohl's TGI Fridays Ulta Beauty Starbucks Red Lobster PetSmart Taco Cabana Marshalls Carter's Party City Shoe Carnival Hobby Lobby Bed Bath & Beyond
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
BUSINESS SUMMARY
TOTAL 1-MILE 3-MILES 5-MILES
Residential 1,447 40,871 127,221 Population
Businesses 350 2,934 4,755
Employees 5,188 32,541 51,728
KEY 1-MILE 3-MILES 5-MILES 5 REPRESENTATIVE PHOTO Income & Expense
PRICE $1,714,000 Capitalization Rate: 5.25% Total Rentable Area (SF)1 45,545 STABILIZED INCOME PER SQUARE FOOT Scheduled Rent $1.98 $90,000 Effective Gross Income $1.98 $90,000 LESS PER SQUARE FOOT Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING $90,000 1 - The building within the premises is approximately 2,100 square feet.
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 6 Rent Roll
TENANT INFO LEASE TERMS RENT SUMMARY
CURRENT MONTHLY YEARLY MONTHLY YEARLY TENANT NAME SQ. FT. TERM RENT RENT RENT RENT/FT RENT/FT
Valvoline 45,545 11/01/19 10/31/24 $90,000 $7,500 $90,000 $0.16 $1.98
11/01/24 10/31/29 $8,250 $99,000 $0.18 $2.17
11/01/29 10/31/34 $9,075 $108,900 $0.20 $2.39
Option 1 11/01/34 10/31/39 $9,983 $119,790 $0.22 $2.63
Option 2 11/01/39 10/31/44 $10,981 $131,769 $0.24 $2.89
Option 3 11/01/44 10/31/49 $12,079 $144,946 $0.27 $3.18
TOTALS: 45,545 $90,000 $7,500 $90,000 $0.16 $1.98
1 - The building within the premises is approximately 2,100 square feet.
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 7 Surrounding Retail TOWNSEN BOULEVARD
T O W N S E N B O U L E V A R D
SIGN
SIGN
SIGN
NOT A PART
SIGN F R O N T A G 69 E
R AVAILABLE PAD O 2.4721 ACRES 173,719 A VPD D
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 8 Tenant Overview
Valvoline Instant Oil Change is the 2nd largest quick-lube chain in the U.S. and the 3rd largest quick-lube chain in Canada. The brand is popular for its drive-thru oil changes which is complete in 15 minutes. Each location features Valvoline oils and products, and provides a variety of maintenance services including oil changes, antifreeze changes, smog checks, and other car repair services. Founded in 1986, the company's 1,170 locations serve over 9 million customers annually.
Valvoline Instant Oil Change is a division of Valvoline Inc., one of the leading worldwide marketers and suppliers of automotive lubricants and supplies. The company sells its products in over 140 counties making it the 3rd highest selling car motor oil by volume in the DIY market.
LOCATIONS 1,170+ IN THE U.S.
#3 "Top Oil-Changing Services Franchise" REPRESENTATIVE PHOTO ENTREPRENEUR MAGAZINE 2019
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 9 Demographics
THE WOODLANDS POPULATION
1-MILE 3-MILES 5-MILES SPRING TOMBALL 2010 1,440 34,342 104,040 DAYTON 2019 1,447 40,871 127,221
2024 1,470 44,442 139,356 CYPRESS SUBJECT PROPERTY
2019 HH INCOME 1-MILE 3-MILES 5-MILES HOUSTON Average $90,511 $73,010 $87,554 CITY CENTER BAYTOWN (18 MILES) PASADENA TOP EMPLOYERS IN HOUSTON MSA SUGAR LAND EMPLOYER # OF EMPLOYEES Walmart 37,000 PEARLAND
Memorial Hermann Health System 24,108
H-E-B 23,732
University of Texas 21,086 THE AVERAGE HOUSEHOLD Houston Methodist 20,000 INCOME WITHIN A 5-MILE RADIUS IS OVER $106K
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information 10 and bears all risk for any inaccuracies. Location Overview HUMBLE, TEXAS
DOWNTOWN HOUSTON
HUMBLE, located 15 miles from downtown Houston, is the premier ECONOMY HOUSTON is recognized worldwide for retail hub for the northeast suburbs. The daytime population in its energy industry—particularly for oil Humble is close to 100,000 due to its draw as the primary retail and natural gas—as well as for biomedical research and center in the region. It’s home to the only regional mall, Deerbrook aeronautics. Leading in health care sectors and building oilfield Mall and big box shopping such as Costco, PetSmart, Academy, equipment, outside New York City, Houston has more Fortune Best Buy, Bed Bath & Beyond and many more; these retailers 500 headquarters than any other U.S. municipality within its pull shoppers from a 25-mile radius. Due to expansive population city limits. Nicknamed the “Space City”, Houston is a global city, growth in and around Humble, Houston’s largest health system with strengths in business, international trade, entertainment, recently completed a new 123,000 SF five-story tower at the culture, media, fashion, science, sports, technology, education, existing Memorial Hermann Northwest Hospital campus in Humble medicine, and research. less than a mile from the subject property. Many existing business expansions, corporate relocations, quality commercial, industrial 6.77 MILLION This information has been secured from sources we believe to be reliable but we make no representations or and residential real estate developments have recently been warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and completed or are under construction in Humble. HOUSTON MSA bears all risk for any inaccuracies. POPULATION (ESTIMATED) 11 Houston MSA
GENERAL STATS HOUSTON is home to two major airports, George Bush International Airport, one of the country’s busiest airports and international 1ST LARGEST CITY IN TEXAS hubs, and William P. Hobby Airport. The Port of Houston is a 5TH LARGEST MSA IN THE U.S.. 25-mile-long complex of nearly 200 private and public industrial terminals along the 52-mile-long Houston Ship Channel. The port #7 U.S. NEWS & WORLD REPORT BEST PLACES TO LIVE is consistently ranked 1st in the United States in foreign waterborne tonnage; 1st in U.S. imports; 1st in U.S. export tonnage and 2nd in the #1 BEST CITY FOR COLLEGE GRADUATES U.S. in total tonnage. NAMED BY MONEY MAGAZINE 20 FORTUNE 500 HEADQUARTERS The Texas Medical Center, located in Houston, is the largest medical RANKING 4TH AMONG METRO AREAS complex in the world, serving more than 10 million patients per year.
3.21 MILLION JOBS IN THE METRO The city has major profession league teams in almost every sport 1ST LARGEST MEDICAL COMPLEX IN including: MLB - the Houston Astros, NBA - the Houston Rockets, THE WORLD NFL – the Houston Texans, MLS - the Houston Dynamo, and MLR - the Houston Sabercats.
DOWNTOWN HOUSTON
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. We’d love to hear from you.
RICK SANNER [email protected] PH: 415.274.2709 CA DRE# 01792433
IN CONJUNCTION WITH TX LICENSED BROKER: Peter Ellis PH: 210.325.7578 [email protected]
CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:
ZEB RIPPLE CHRIS KOSTANECKI CHRIS PETERS
JOHN ANDREINI JOE CACCAMO DAVE LUCAS
ZANDY SMITH RICK SANNER JACK NAVARRA
Copyright © 2019 Capital Pacific Partners JUSTIN SHARP JUSTIN STARK
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any CAPITALPACIFIC.COM inaccuracies. 11-2-2015 Information About Brokerage Services Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: . A BROKER is responsible for all brokerage activities, 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 information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction 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 written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information 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 written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyerof any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties' written consent, appoint a different license holder associated with the broker to each party (ownerd an buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose: ᴑ that the owner will accept a price less than the written asking price; ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ᴑ any confidential information or any other information that a party specifically instructs the broker in writing notto disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction 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 duties and responsibilities to you, and your obligations under the representation 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 notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
Licensed Broker /Broker Firm Name or License No. Email Phone Primary Assumed Business Name
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/ License No. Email Phone Associate
Sales Agent/Associate’s Name License No. Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov IABS 1-0