DOCSLIB.ORG

Panera Bread (Houston MSA) 6439 Garth Road Baytown, Texas 77521 Panera Bread | Baytown, TX Table of Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Panera Bread (Houston MSA) 6439 Garth Road Baytown, Texas 77521 Panera Bread | Baytown, TX Table of Contents Net Lease Investment Offering Panera Bread (Houston MSA) 6439 Garth Road Baytown, Texas 77521 Panera Bread | Baytown, TX Table of Contents TABLE OF CONTENTS Offering Summary Executive Summary ................................................................... 1 Investment Highlights ............................................................. 2 Property Overview ...................................................................... 3 Location Overview Photographs ...................................................................................4 Location Aerial .............................................................................. 5 Site Plan ..............................................................................................6 Location Map ................................................................................. 7 Market Overview Demographics ..............................................................................8 Market Overviews .......................................................................9 Tenant Summary Tenant Profile .................................................................................11 www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Executive Summary EXECUTIVE SUMMARY The Boulder Group is pleased to exclusively market for sale a single tenant net leased Panera Bread property located within the Houston MSA in Baytown, Texas. Panera Bread has been in this location since June 2013. There are over 12 years remaining on the primary term of the lease. The Panera Bread lease features 10% rental increases every five years in the primary term and in the four 5-year renewal options. The 4,552 square foot Panera Bread benefits from its location on a signalized hard corner along Hunt Road and Garth Road (33,580 VPD) which is a primary north-south thoroughfare and has direct access to the Interstate 10 interchange (82,340 VPD). The property is across from H-E-B, the strongest grocer in Texas and positioned directly south of San Jacinto Mall which is currently under redevelopment to become a 1 million+ square foot open air shopping center that will be anchored by Macy’s and JC Penney. All of this makes the Panera Bread location fall in a primary retail corridor in Baytown with strong density and traffic counts. Retailers in the area include Academy Sports, Big Lots, Buffalo Wild Wings, Dollar General, H-E-B, Kohl’s, Kroger, McDonald’s, Verizon, and Walgreens. There are 106,286 people living within 5 miles of the property with an average household income in excess of $76,157 annually. This is high population growth area with approximately 2% annual population growth forecasted within 3 miles of the site. The Panera Bread lease expires on March 31, 2033 and features four 5-year renewal options with 10% rental escalations at the start of each. Panera Bread Company is an American chain store of bakery-café fast casual restaurants with over 2,100 locations, all of which are in the United States and Canada. Company-wide sales in 2018 topped $5.76 Billion. Rolling Dough Ltd. is a Panera Bread franchisee that operates 28 locations. They opened their first location in 2003. | 1 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Investment Highlights INVESTMENT HIGHLIGHTS ■ Houston MSA – Ranked #5 in the United States for population size ■ Over 12 years remain on the primary term of the lease ■ Absolute NNN – No landlord responsibility ■ 10% rental escalations every 5 years in the primary term and the four 5-year renewal options (Next escalation in 2023) ■ Tenant (Rolling Dough, Ltd) is a 28-unit operator ■ Located near the proposed 1 million square foot open air shopping center – San Jacinto Marketplace which makes Baytown a primary retail corridor with strong density and traffic counts ■ Retailers in the area include Academy Sports, Big Lots, Buffalo Wild Wings, Dollar General, H-E-B, Kohl’s, Kroger, McDonald’s, Verizon, and Walgreens ■ There are 106,286 people living within 5 miles of the property with an average household income in excess of $76,157 annually | 2 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Property Overview PROPERTY OVERVIEW Price: $3,142,857 Cap Rate: 5.25% Lease Commencement Date: 6/21/2013 Lease Expiration Date: 3/31/2033 NOI: $165,000 Renewal Options: Four 5-year Rental Escalations: 10% every 5 years Lease Type: NNN – Absolute Rolling Dough, Ltd Tenant: (28-unit operator) Year Built: 2013 Building Size: 4,552 SF Land Size: 0.71 AC | 3 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Photographs | 4 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Location Aerial | 5 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Site Plan | 6 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Location Map Baytown | 7 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Demographics DEMOGRAPHICS Population Income 3-Mile 5-Mile 7-Mile 3-Mile 5-Mile 7-Mile Total Population: 47,868 106,286 122,825 Average Household Income: $60,428 $57,032 $56,743 Total Households: 16,706 36,319 41,755 Median Household Income: $78,776 $76,157 $75,853 | 8 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Market Overview City of Baytown, Texas Baytown is a city within Harris County and partially in Chambers County in the Gulf Coast region of the U.S. state of Texas. Located within the Houston–The Woodlands–Sugar Land metropolitan area, it lies on the northern side of the Galveston Bay complex near the outlets of the San Jacinto River and Buffalo Bayou. It is the sixth-largest city within this metropolitan area. Major highways serving the city include State Highway 146 and Interstate 10. As of 2010, Baytown had a population of 71,802, and it had an estimated population of 77,192 in 2019. Today, Baytown is largely a community centered on industry, including oil, rubber and chemical plants. Home to petrochemical giants, including ExxonMobil and Chevron, Baytown serves an international community through the Port of Houston and Houston Ship Channel which reach 1,053 ports worldwide. www.baytown.org | 9 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Market Overview MSA of Houston, Texas Houston is the most populous city in the state of Texas and the fourth-most populous city in the United States. With a population of more than 2.3 million people within an area of 667 square miles, it is also the largest city in the southern United States and the seat of Harris County. Located in Southeast Texas near the Gulf of Mexico, it is the principal city of the Greater Houston metro area, which is the fifth-most populated MSA in the United States. Houston was founded on 1836 near the banks of Buffalo Bayou (now known as Allen’s Landing) and incorporated as a city in June 1837. The city was named after former General Sam Houston, who was president of the Republic of Texas and had commanded and won at the Battle of San Jacinto 25 miles east of where the city was established. The burgeoning port and railroad industry, combined with oil discovery in 1901, has induced continual surges in the city’s population. In the mid-20th century, Houston became the home of the Texas Medical Center—the world’s largest concentration of healthcare and research institutions—and NASA’s Johnson Space Center, where the Mission Control Center is located. Houston’s economy has a broad industrial base in energy, manufacturing, aeronautics, and transportation. Leading in health care sectors and building oilfield equipment, outside New York City, Houston has more Fortune 500 headquarters than any other U.S. municipality within its city limits. The Port of Houston ranks first in the United States in international waterborne tonnage handled and second in total cargo tonnage handled. Nicknamed the “Space City”, Houston is a global city, with strengths in business, international trade, entertainment, culture, media, fashion, science, sports, technology, education, medicine, and research. It is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year to the Museum District. Houston has an active visual and performing arts scene in the Theater District and offers year-round resident companies in all major performing arts. www.houstontx.gov | 10 | www.bouldergroup.com | Confidential Offering Memorandum Panera Bread | Baytown, TX Tenant Overview Panera Bread Panera Bread Company is an American chain store of bakery-café fast casual restaurants with over 2,000 locations, all of which are in the United States and Canada. Its headquarters are in Sunset Hills, Missouri, a suburb of St. Louis. The company operates as Saint Louis Bread Company in the Greater St. Louis area, where it has over 100 locations. Offerings include bakery items, pasta, salads, sandwiches, soups, and specialty drinks. The company, which also owns Au Bon Pain, is owned by JAB Holding Company which is, in turn, owned by the Reimann family of Germany. Panera offers a wide array of pastries and baked goods, such as bagels, brownies, cookies, croissants, muffins, and scones. These, along with Panera’s artisan breads, are typically baked before dawn by an on-staff baker. Aside from the bakery section, Panera has a regular menu for dine-in or takeout including: flatbreads, panini, Panera Kids,
Load more

Recommended publications
  • 1H2018 M&A Update
    3Q 2018 M&A Update General Newsletter MARKET ATMOSPHERE The third quarter continued to give us drama on all fronts. The EU rejected Italy’s 2019 budget in an unprecedented move, as Italy teeters on the edge of financial distress. The Chinese economy is starting to falter, with GDP reported at 6.5% and its markets seeing a loss of over 20% YTD. And global tensions began to mount in October as Saudi Arabia was accused of killing a Turkish journalist. The broad market had continued its bull market into the end of Index Performance Q3, marking a solid YTD and TTM performance. However after Index Price Index Name QoQ % YTD% TTM % 9/28/2018 quarter end the market experience a pull back as the Fed NASDAQ 8,046.35 7.1% 14.8% 23.9% continued to raise rates, the DOW dropped as 3M, and Dow Jones 26,458.31 9.0% 6.6% 18.1% Caterpillar missed on earnings. The market ended down roughly st th S&P 500 2,913.98 7.2% 8.1% 15.7% 10% from October 1 – 29 . At the high end the Russell 2000 Russell 1,696.57 3.3% 9.5% 13.8% pulled back 12.9%, putting it in correction territory, and at the low end the Dow Jones pulling back 7.6%. The US Dollar (DXY:CUR) continued to strengthen, as the fed ended its expansionary monetary policy and started raising rates. Oil breached the $70 threshold in September marking the first time to do so since 2014. In late October, Saudi Arabia gave the green light to OPEC and allies on oil production, which comes a month after Trump urged OPEC to “get prices down now.” ECONOMIC - HIGHLIGHTS The US economy continued to see positive data come out across employment, GDP and inflation.
    [Show full text]
  • Keurig to Acquire Dr Pepper Snapple for $18.7Bn in Cash
    Find our latest analyses and trade ideas on bsic.it Coffee and Soda: Keurig to acquire Dr Pepper Snapple for $18.7bn in cash Dr Pepper Snapple Group (NYSE:DPS) – market cap as of 17/02/2018: $28.78bn Introduction On January 29, 2018, Keurig Green Mountain, the coffee group owned by JAB Holding, announced the acquisition of soda maker Dr Pepper Snapple Group. Under the terms of the reverse takeover, Keurig will pay $103.75 per share in a special cash dividend to Dr Pepper shareholders, who will also retain 13 percent of the combined company. The deal will pay $18.7bn in cash to shareholders in total and create a massive beverage distribution network in the U.S. About Dr Pepper Snapple Group Incorporated in 2007 and headquartered in Plano (Texas), Dr Pepper Snapple Group, Inc. manufactures and distributes non-alcoholic beverages in the United States, Mexico and the Caribbean, and Canada. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers flavored carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, mineral and coconut water, and mixers, as well as manufactures and sells Mott's apple sauces. The company sells its flavored CSD products primarily under the Dr Pepper, Canada Dry, Peñafiel, Squirt, 7UP, Crush, A&W, Sunkist soda, Schweppes, RC Cola, Big Red, Vernors, Venom, IBC, Diet Rite, and Sun Drop; and NCB products primarily under the Snapple, Hawaiian Punch, Mott's, FIJI, Clamato, Bai, Yoo- Hoo, Deja Blue, ReaLemon, AriZona tea, Vita Coco, BODYARMOR, Mr & Mrs T mixers, Nantucket Nectars, Garden Cocktail, Mistic, and Rose's brand names.
    [Show full text]
  • Houston Retail August 2016
    MARKET WATCH HOUSTON RETAIL AUGUST 2016 RECENT RETAIL LEASES RETAIL LEASE STATISTICS Baytown/Chambers :: Marshalls 23,000 SF new lease at Baytown Marketplace Overall Vacancy Rates Asking Rental Rates (NNN) Pasadena/Galena Park :: Boot Barn 11.0% $18.25 13,249 SF new lease at Federal East Plaza 10.0% $18.00 Pearland/Manvel :: Village Family Practice 8,763 SF new lease at Silverlake Plaza Shopping Center 9.0% $17.75 RECENT RETAIL SALES 8.0% $17.50 Copperfield :: West Junction Center 64,340 SF 7.0% $17.25 Buyer: Transnational Investments Seller: KBP Group III 6.0% $17.00 5.0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 $16.75 RETAIL IN THE NEWS 13 13 13 14 14 14 14 15 15 15 15 16 16 Paris gelato shop arrives in River Oaks District Source: CoStar - Houston retail buildings 5,000 SF and greater with French flair and rose-shaped cones link to story CultureMap Houston, August 23, 2016 Retail Sales Statistics HOUSTON MSA UNITED STATES SoulCycle’s second Houston studio sets opening QUARTER TO LAST QUARTER TRAILING 12 LAST QUARTER TRAILING 12 date DATE (Q2 2016) MONTHS (Q2 2016) MONTHS link to story Volume ($ $78.1 $357.1 $1,401.3 $17,774.7 $80,587.8 Houston Business Journal, August 19, 2016 Mil) No. of 14 30 149 1,404 6,856 Fast-growing pizza chain continues Houston Properties expansion Total SF 469,938 1,586,161 8,750,872 79,754,256 410,607,933 link to story Average N/A $185 $201 $232 $210 Houston Business Journal, August 16, 2016 Price/SF Average Cap N/A 7.8% 6.7% 6.4% 6.5% Rate (Yield) Source: Real Capital Analytics Retail Market Indicators DIRECT
    [Show full text]
  • Nnn Investment Opportunity Long Term Corporate Lease Krispy Kreme Doughnut Corporation Nnn Investment Opportunity Long Term Corporate Tenant
    KRISPY KREME| 810 CASSAT AVENUE, JACKSONVILLE, FL 32205 NNN INVESTMENT OPPORTUNITY LONG TERM CORPORATE LEASE KRISPY KREME DOUGHNUT CORPORATION NNN INVESTMENT OPPORTUNITY LONG TERM CORPORATE TENANT KRISPY KREME| 810 CASSAT AVENUE,£¤301 JACKSONVILLE FL 32205 £¤17 UVA1A JACKSONVILLE INT'L AIRPORT PROPERTY HIGHLIGHTS • Address: 810 Cassat Ave, Jacksonville FL 32205 • Total SF: 19,820 SF • Total AC: 0.455 AC • Building SF: 2,600 SF • Occupancy :100% • Concept: Krispy Kreme JACKSONVILLE • Year Built: 2012 DOWNTOWN ¨¦§295 £¤90 UVA1A TENANT HIGHLIGHTS £¤17 • Over 1,400 Krispy Kreme locations across 30 countries UNIVERSITY OF NORTH FLORIDA • Founded 82 years ago in Winston-Salem, NC UV202 • Acquired by JAB Holdings in 2016 (S&P “A-“ credit rating) NAVAL AIR STATION JACKSONVILLE • World Famous “Glazed Doughnut” icon £¤17 295 ¨¦§ £¤1 UV21 ¨¦§95 ¨¦§95 For more information, please contact: £¤1 PJ BEHR Vice President, CCIM Investment Sales 407.540.7746 420 South Orange Ave. Suite 950 [email protected] Orlando, FL 32801 Although the information contained herein was provided by sources believed to be reliable, CNL Commercial Real Estate makes foundrycommercial.com no representation, expressed or implied, as to its accuracy and said information is subject to errors, omissions or changes. NNN INVESTMENT OPPORTUNITY LONG TERM CORPORATE TENANT MARKET AERIAL CASSAT AVE - 23,500 VPD AVE CASSAT I - 10 - 103,500 VPD PROPERTY FEATURES The Krispy Kreme is located at 810 Cassat Ave, a major north-south artery in the Riverside submarket of Jacksonville, FL. The property is a .45 ac signalized corner lot with great visibility and access at the SWC of the intersection.
    [Show full text]
  • Reinvestment Zone Number One City of Baytown, Texas
    REINVESTMENT ZONE NUMBER ONE CITY OF BAYTOWN, TEXAS RESTATED AND SIXTH AMENDED PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN February 17, 2017 REINVESTMENT ZONE NUMBER ONE, CITY OF BAYTOWN, TEXAS Restated and Sixth Amended Project Plan and Reinvestment Zone Financing Plan Table of Contents Introduction ..................................................................................................................................... 3 History of Redevelopment Efforts in the Zone ................................................................................ 4 Redevelopment Plan Concept and Goals ........................................................................................ 4 Project Plan...................................................................................................................................... 5 Reinvestment Zone Finance Plan .................................................................................................... 7 Exhibit 1 – Projected Assessed Valuations and Projected Zone Revenues Exhibit 2 – Boundary Description of Zone Exhibit 3 – County Participation Exhibit 4 – Economic Feasibility Study Map 1 – Boundary Map Map 2 – Aerial View of Property in and surrounding the Zone Map 3 ‐ Existing Land Use/Property Classification of Property in the Zone Map 4 ‐ Projects ‐2‐ Introduction The Reinvestment Zone Number One, City of Baytown, Texas (“Zone”), was created by the City Council of the City of Baytown, Texas (“City”) on August 9, 2001 by Ordinance No. 9197. City Council subsequently
    [Show full text]
  • Baytown Mobility Plan ACKNOWLEDGEMENTS
    BAYTOWN MOBILITY PLAN u Adopted January 24, 2013 City of Baytown Baytown Mobility Plan ACKNOWLEDGEMENTS City Council – Mayor, Stephen H. DonCarlos 2011 Members District 1 – Mercedes Renteria III Barry Bobbitt District 2 – Scott Sheley Brandon Benoit District 3 – Brandon Capetillo Gil Chambers District 4 – Terry Sain Dr. Joe C. Floyd District 5 – Robert C. Hoskins Jim Hutchison District 6 – David McCartney Mary Flores Planning & Zoning Commission Rolando Valdez Tracey Wheeler 2012 Members Spencer Carnes Brandon Benoit City Staff R.D. Burnside Administration Spencer Carnes Bob Leiper, City Manager Gilbert Chambers Ron Bottoms, Deputy City Manager James E. “Bo” Cox Kevin Troller, Assistant City Manager Lisa D. Clary Dr. Joe C. Floyd Planning & Development Services Kelly Carpenter, AICP, Director of Planning and Development Shawn McDonald Services Tracey Wheeler Tiffany Foster, AICP, Assistant Director Andrew Allemand, AICP, Development Review Manager Page – i City of Baytown Baytown Mobility Plan TABLE OF CONTENTS ACKNOWLEDGEMENTS ............................................................................ i 6.5 Conclusions ............................................................................... 6-10 LIST OF ACRONYMS ............................................................................... iv CHAPTER 7. MULTI-MODAL ASSESSMENT ............................................. 7-1 CHAPTER 1. INTRODUCTION ................................................................ 1-1 7.1 Introduction ...............................................................................
    [Show full text]
  • Deal of the Week: JAB to Buy Pret a Manger for $2B
    Deal of the Week: JAB to Buy Pret A Manger for $2B Announcement Date May 29, 2018 Acquirer JAB Holding Company Acquirer Description Privately held German conglomerate that includes investments of companies operating in the arenas of consumer goods, forestry, coffee, luxury fashion, and fast food, among others Already owns Panera, Au Bon Pain, Caribou Coffee, Krispy Kreme, and Keurig Headquartered in Luxembourg Target Company Pret A Manger Target Description International sandwich shop chain commonly referred to simply as "Pret” with approximately 530 locations in nine countries Controlled by the investment firm Bridgepoint Advisers Revenue of 879 million pounds last year Founded in 1983 and headquartered in London Acquirer Advisor HSBC Target Advisor JP Morgan Price / Consideration $2 billion Cash Rationale Since 2012, JAB Holdings, backed by Germany’s wealthy and secretive Reimann family, has spent tens of billions of dollars to assemble a huge portfolio of brands, expanding its coffee and beverage empire It began with coffee, as JAB sought to challenge the industry heavyweight Nestlé. JAB made deals for Peet’s Coffee, Caribou Coffee, Stumptown and more. Then came restaurants like Krispy Kreme and the fast‐casual chain Panera. And this year, JAB helped Keurig Green Mountain, which the conglomerate bought and combined with Mondelez’s former coffee arm, move into soft drinks with an $18.7 billion deal for Dr Pepper Snapple "Management's proven track record and commitment to customer service, investment in innovation and
    [Show full text]
  • JAB to Buy Keurig Green Mountain for $13.9B
    Deal of the Week: JAB to Buy Keurig Green Mountain for $13.9B Announcement Date December 7, 2015 Acquirer JAB Holding Company Acquirer Description European consumer products conglomerate Target Keurig Green Mountain, Inc. (NASDAQ: GMCR) Target Description Produces and sells coffeemakers and specialty coffee in the United States, Canada, and internationally Founded in 1981 and headquartered in Waterbury, Vermont Target Financial Mkt Cap: $13.4 billion LTM EBITDA: $1.1 billion Statistics EV: $8.1 billion LTM EV / Revenue: 1.8x LTM Revenue: $4.5 billion LTM EV / EBITDA: 7.6x Target Advisors Bank of America and Credit Suisse provided fairness opinions to Keurig Green Mountain Price / Consideration Price: $13.9 billion Consideration: Cash Rationale Acquiring Keurig Green Mountain is JAB’s latest and biggest move yet to capitalize on consumers’ craving for coffee “Keurig Green Mountain represents a major step forward in the creation of our global coffee platform,” Bart Becht, the chairman of JAB, said in the statement. “Keurig Green Mountain will operate as an independent entity to ensure it will further build on its coffee and technology strength and continue to serve all its partners to the best of its abilities.” “This transaction will deliver significant cash value for our shareholders and offers an exciting new chapter for our customers, partners and employees by combining Keurig Green Mountain with JAB’s global coffee platform,” added Brian Kelley, CEO of Keurig Green Mountain Deal Points JAB will acquire Keurig Green Mountain for $92 a share in cash, a 78% premium over its stock price on Dec. 4 To acquire Keurig, JAB joined with several firms that are already investors in Jacobs Douwe Egberts.
    [Show full text]
  • JAB Holding to Buy Krispy Kreme for $1.35B
    Deal of the Week: JAB Holding to Buy Krispy Kreme for $1.35B Announcement Date May 9, 2016 Acquirer JAB Holding Company Acquirer Description Billionaire European family Investment arm of the Reimann family, heirs to the German consumer goods conglomerate, Joh. A. Benckiser Target Company Krispy Kreme Doughnuts, Inc. (NYSE: KKD) Target Description Operates as a branded retailer and wholesaler of doughnuts, coffee and other complementary beverages, and treats and packaged sweets Founded in 1937 and headquartered in Winston‐Salem, North Carolina Target Financial Mkt Cap: $1.3 billion LTM EBITDA: $68.9 million Statistics EV: $1.0 billion LTM EV / Revenue: 2.0x LTM Revenue: $513.7 million LTM EV / EBITDA: 15.1x Acquirer Advisors Barclays and BDT & Company Target Advisor Wells Fargo Price / Consideration $1.35 billion Cash Rationale With the deal, the JAB Holding Company will add to its trove of coffee‐ oriented businesses, including Peet’s Coffee & Tea, Stumptown Coffee Roasters and Caribou Coffee In December, JAB acquired Keurig Green Mountain for $13.9 billion, its biggest bet yet in building its coffee empire “We are thrilled to have such an iconic brand as Krispy Kreme joining the JAB portfolio,” said Peter Harf, senior partner at JAB, in the statement. “This is yet another example of our commitment to investing in extraordinary brands with significant growth prospects.” Deal Points JAB plans to acquire Krispy Kreme for $21 a share in cash, a premium of more than 25% from Friday’s closing price BDT Capital Partners,
    [Show full text]
  • Panera Bread 2460 Prince William Parkway Woodbridge, VA 22192 REPRESENTATIVE IMAGE 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY
    JDS Real Estate Services, Inc. VA Lic. # 02260269591 Panera Bread 2460 Prince William Parkway Woodbridge, VA 22192 REPRESENTATIVE IMAGE 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY: MATSON KANE BRIAN ROBINSON ELAN SIEDER MAX FREEDMAN TX Lic. # 695584 CA Lic. # 02092902 TX Lic. # 678407 TX Lic. # 644481 512.861.1889 | DIRECT 310.241.3677 | DIRECT 512.649.5185 | DIRECT 512.766.2711 | DIRECT [email protected] [email protected] [email protected] [email protected] SIG Works With Non-Resident Prospective Buyers In Cooperation With: Stan Stanfield, VA Broker Lic # 0226026959 of JDS Real Estate Services, Inc. VA Broker Lic # 0226026959 JDS Real Estate Services, Inc. Works With Prospective Virginia Resident Buyers SANDS INVESTMENT GROUP 3 TABLE OF CONTENTS 04 06 07 10 12 INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summary Location, Aerial & Retail Maps City Overview Tenant Profile Investment Highlights Rent Roll Demographics Parent Company © 2019 JDS Real Estate Services, Inc. (JDS) in association with Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. JDS & SIG does not doubt its accuracy, however, JDS & SIG makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash flow analysis are subject to change with property and market conditions.
    [Show full text]
  • Situated in the Epicenter of the Economic Boom on the Texas Gulf Coast
    Situated in the Epicenter of the Economic Boom on the Texas Gulf Coast Located near the Houston Ship Channel and Trinity Bay with Excellent Access to the Port of Houston Opportunity to Acquire the Newly Renovated, 56 Unit Class B+ Multi- Verve Apartments Family Asset in a Prime Baytown Location! KET Enterprises Incorporated I 1770 St. James Place, Suite 382 I Houston, TX 77056 I 713.355.4646 I www.ketent.com THE VERVE 3201 GARTH RD BAYTOWN, TX 77521 The Verve • 3201 Garth Road • Baytown, TX 77521 Asking Price $4,400,000 Units: 56 Price Per Unit $78,571 Avg Size: 827 Price Per Sq. Ft. $94.97 Date Built: 1963 Terms ALL CASH Rentable Sq. Ft.: 46,328 Acreage: 2.43 Occupancy: 91% Class: B++ INVESTMENT HIGHLIGHTS ► Blue/White Collar Profile ► Brick and Stucco Construction ► There is Tremendous Economic Growth in Baytown ► Exterior Renovations Completed - $1.36M ► Interior Renovations Completed - $700K ► Excellent School District - This is a Strong Plus! ► Ideal for Long Term Cash Flow! ► Rents are Rising! ► The Houston Ship Channel is Expanding ► The Ship Channel Will Add Approximately 100,000 jobs! ► Property Did NOT Flood During Hurricane Harvey Available All Cash or On An Assumption Basis for ► $4,250,000 PLEASE CALL FOR MORE DETAILS: TOM WILKINSON Broker/Vice President [email protected] 713-355-4646 ext 102 KET Enterprises Incorporated I 1770 St. James Place, Suite 3802 I Houston, TX 77056 I 713.355.4646 I www.ketent.com The Verve • 3201 Garth Road • Baytown, TX 77521 Physical Information Financial Information Existing Loan Parameters Operating Information Number of Units 56Asking Price $4,400,000 Mortgage Balance $3,515,000Est Mkt Rent (May-21) $52,696 Avg Unit Size 756Price Per Unit $78,571Amortization (months) 360 12 Mo Avg $47,984 Net Rentable Area 46,328Price Per Sq.
    [Show full text]
  • JAB Sarl Standalone Financials June 2020
    JAB Holding Company S.à r.l. Luxembourg Interim Condensed Financial Statements as at and for the six months period ended 30 June 2020 4, Rue Jean Monnet, L-2180 Luxembourg B 164.586 JAB Holding Company S.à r.l., Luxembourg Index Page Report of the Réviseur d’Enterprises agréé 3 Interim Condensed Financial Statements for the six months period ended 30 June 2020 Interim Condensed Statement of Financial Position as of 30 June 2020 4 Interim Condensed Statement of Profit or Loss and Other Comprehensive Income for the six months period ended 30 June 2020 5 Interim Condensed Statement of Changes in Equity for the six months period ended 30 June 2020 6 Interim Condensed Cash Flow Statement for the six months period ended 30 June 2020 7 Notes to the interim Condensed Financial Statements 8 JAB Holding Company S.à r.l., Luxembourg Interim Condensed Statement of Financial Position as of 30 June 2020 Note 30 June 2020 31 December 2019 in $k in $k in $k in $k Non-current assets Investments in subsidiaries 4 18,708,594 24,681,262 18,708,594 24,681,262 Current assets Other receivables 5 3,465 1,335 Cash and cash equivalents 6 8,994 349 12,459 1,684 18,721,053 24,682,946 Shareholder's equity 8 Issued share capital 8,797 8,797 Share premium 9,490,516 9,637,312 Retained earnings 6,649,340 11,309,899 16,148,653 20,956,008 Non-current liabilities Redeemable shares 9 1,205,681 1,586,782 Other liabilities 10, 11 466,942 741,603 1,672,623 2,328,385 Current liabilities Redeemable shares 9 854,490 1,284,894 Other liabilities 10, 11 45,287 113,659 899,777 1,398,553 18,721,053 24,682,946 The notes on pages 8 to 24 are an integral part of these interim condensed financial statements.
    [Show full text]