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10150 Southwest Freeway, Houston, Tx for Sale Or Lease Offering Memorandum Investment Overview | 10150 Southwest Fwy, Houston, Tx 77074

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10150 Southwest Freeway, Houston, Tx for Sale Or Lease Offering Memorandum Investment Overview | 10150 Southwest Fwy, Houston, Tx 77074 Christopher S. Klein +1 713 830 2141 [email protected] Bill Byrd +1 713 830 2131 [email protected] PREMIER AUTO DEALERSHIP SITE 10150 SOUTHWEST FREEWAY, HOUSTON, TX FOR SALE OR LEASE OFFERING MEMORANDUM INVESTMENT OVERVIEW | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 > 100% LEASED AUTO DEALERSHIP: 10.59 acres occupied by Sonic Automotive (Jaguar/Land Rover) with the lease to expire 10-15-21 on absolute net terms. > FINANCIALLY STRONG TENANT: Sonic Automotive (NYSE: SAH) | Ranked #298 on the Fortune 500 List | Russell 2000 Index member > SURROUNDED BY NUMEROUS CAR DEALERSHIPS: Area auto dealers include: Sterling McCall Lexus, Sterling McCall Hyundai, Sterling McCall Acura, Momentum BMW/Mini Cooper, Gillman Honda Houston, Gillman Subaru, Greenway Mazda, Toyota, Cadilac, Lincoln, Jeep Dodge, Porche, GMC, Buick and Crysler. > ACCESS AND VISIBILITY: Strategically located along the auto dealer strip of the Southwest Fwy| Excellent visibility and access to US 59/I69 and Beltway 8 | 184,600 VPD on Southwest Fwy in front of the property, > STRONG DEMOGRAPHICS: Over 203,328 and 505,328 people within a 3-mile and 5-mile radius, respectively | Average HH Income of $56,722 and $65,134 within a 3-mile and 5-mile radius, respectively. > DRIVE TIMES FROM: Galleria - 12 minutes | West University - 18 minutes | Sugar Land - 12 minutes | Energy Corridor/I-10W - 20 minutes > LOCATED IN DESIGNATED OPPORTUNITY ZONE: Click here for details about Opportunity Zones 10150 Southwest Fwy | Offering Memorandum | Page 2 PHYSICAL DESCRIPTION | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 > PROPERTY ADDRESS: > SERVICE BAYS: 10150 Southwest Freeway, Houston, TX 77074 21 service bays, 3 wash bays, 5 make ready bays > TOTAL BUILDING AREA: 21 doors at 10’(wide) X 12’, 3 doors at 22’(wide) X 12’, 1 door at 20” (wide) 64,696 SF X 12’ and 1 door at 10’(wide) X 10’ > YEAR BUILT: > FRONTAGE: 1998 Southwest Freeway: ±355 feet > SITE: Sugar Branch: ±621 feet 10.59 acres, fully fenced perimeter > TAXES: > PARKING: HCAD #s 1188150010001, 11508800000102018 724 spaces, all concrete HCAD Value $10,181,498 & $1,126,820 = $11,308,318 11.2 spaces / 1,000 GLA > TENANCY: Full parking lot lighting Single-tenant new car auto dealer (Jaguar, Land Rover, Volvo) > ZONING: Lease expires October 15, 2021 None / Deed restricted > LOCATED IN AN OPPORTUNITY ZONE 10150 Southwest Fwy | Offering Memorandum | Page 3 SITE PLAN | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 10150 Southwest Fwy | Offering Memorandum | Page 4 FLOOR PLAN | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 SCALE IN FEET (Approximate) 0 75 150 10150 Southwest Fwy | Offering Memorandum | Page 5 AERIAL | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 Southwest Fwy Sam Houston Tollway Houston Sam SITE Southwest Fwy 10150 Southwest Fwy | Offering Memorandum | Page 6 INGRESS AND EGRESS | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 SITE MAP KEY Access from Sugar Land and from Beltway 8 Access from Houston Access to Houston 10150 Southwest Fwy | Offering Memorandum | Page 7 AERIAL MAP | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 SITE 10.59 Acres 10150 Southwest Fwy | Offering Memorandum | Page 8 EXTERIOR PHOTOS INTERIOR PHOTOS AREA DEMOGRAPHICS | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 POPULATION Population 1 - Mile 3 - Miles 5 - Miles The estimated 2019 population within a 5 mile radius from the subject property Est. 2019 24,000 203,300 505,300 is approximately 505,300 people with an estimated 186,500 households. The Proj. 2024 25,229 212,148 530,505 projected current population is made up of 50% males and 50% females. The median age is 33. 2019 AVERAGE HOUSEHOLD INCOME Household Income 1 - Mile 3 - Miles 5 - Miles The estimated average household income within a five mile radius from this Est. 2019 $38,600 $56,700 $65,100 property for 2019 is $65,100 and is projected to be $71,100 by 2023. The Proj. 2024 $41,400 $61,900 $71,100 current per capita income is estimated at $24,000. MAJOR EMPLOYERS Employment Largest Houston Employers Employees The estimated 2019 labor force within a 5 mile radius is made up of 388,469 Memorial Hermann Health System 24,000 people over age 16 with 26,921 businesses. The average travel time to work is The University of Texas MD Anderson 20,000 27 minutes. United Airlines 15,000 Exxon Mobil Corporation 13,190 Shell Oil Company 12,000 10150 Southwest Fwy | Offering Memorandum | Page 11 DRIVING DISTANCE MAP | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 SITE 10 MINUTES 20 MINUTES 30 MINUTES 10150 Southwest Fwy | Offering Memorandum | Page 12 TENANT BRAND & REVENUE 108 OVERVIEWCOMPOSITION – BRAND & REVENUE COMPOSITION OVERVIEW NEW VEHICLE FRANCHISE LOCATIONS REP- Other Lux Revenue Streams SONIC AUTOMOTIVE 7% and Brand Mix Offer VW Land Rover Attractive 4% RESENTING 25 CAR BRANDS 2% BMW Diversification Other Non-Lux 20% Across the Sonic Automotive operates 3% Automotive Retail as an automotive retailer in Cadillac Space 2% the United States. It operates GM 5% in two segments, Franchised F&I 8 Fixed 4% Dealerships and EchoPark. Ops ECHOPARK USED VEHICLE Audi 14% The Franchised Dealerships 7% Honda segment is involved in the sale SALES ACROSS THE COUN- New 17% 50% of new and used cars and light Ford Pre- T R Y . 6% Owned trucks, and replacement parts; 32% provision of vehicle maintenance, Lexus 6% Toyota manufacturer warranty repair, Mercedes 10% Note: Percentages are for FY 2018. and paint and collision repair $1.8 BILLION MARKET CAP 11% services; and arrangement of 8 extended warranties, service FOUNDED IN 1997 OVERVIEW – FRANCHISED GEOGRAPHIC contracts, financing, insurance, and other aftermarket products. The EchoPark segment sells 20 YEAR MEMBER OF used cars and light trucks; and arranges finance and insurance FORTUNE 500 product sales in pre-owned NYSE: SAH vehicle specialty retail locations. As of December 31, 2018, the company operated 108 new www.SonicAutomotive.com vehicle franchises representing 25 brands of cars and light www.EchoPark.com trucks 18 collision repair centers in 13 states; and 8 EchoPark www.2ndQtrEarnings.com Headquartered in Charlotte, NC 92 Stores, 23 Brands, 15 Collision stores. Sonic Automotive was Repair Centers founded in 1997 and is based in Platforms in Major Metro Markets Charlotte, North Carolina. 5 10150 Southwest Fwy | Offering Memorandum | Page 13 ABOUT HOUSTON | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 FORTUNE 500 METRO FOR ECONOMIC COMPANIES #1 GROWTH POTENTIAL ARE LOCATED IN 49 HOUSTON 2.3 MILLION PEOPLE LIVE IN HOUSTON FORBES COMPANIES RANKED IN THE INC. 5000 FASTEST67 GROWING LARGEST PRIVATE COMPANIES # CITY IN THE U.S. 4 #5 LARGEST METROPOLITAN STATISTICAL AREA IN THE NATION #1 CITY MOST DIVERSE FOR CITY IN THE U.S. JOB GROWTH HOUSTON RANKS FIRST AMONG U.S. CITIES WHERE WHERE AMONG U.S. CITIES FIRST RANKS HOUSTON THE FURTHEST STRETCH PAYCHECKS #33 CONFIDENTIALITY & DISCLAIMER STATEMENT This Offering Memorandum contains select information pertaining to the business and affairs of the Property at 10150 SW Fwy, Houston, TX 77074. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by Christopher S. Klein & Bill Byrd from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum from Chris Klein and Bill Byrd you agree: 1) The Offering Memorandum and its contents are confidential; 2) You will hold it and treat it in the strictest of confidence; and 3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of 10150 SW Fwy, Houston, TX 77074 or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.
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