Walnut Creek Retail Center
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754
Multi-Tenant Investment Opportunity
92% Occupied - National, Regional & Local Tenants Only Retail Center in 700-Acre Walnut Creek Business Park Nearly 60,000 Daytime Employees within 3 Miles Unique Two Building Center with Two Drive-Thrus
PRICE:
$3,850,000
CAP RATE: 7.71% BUILT:
2005
GLA:
14,600 SF
for more information:
Carter Bailey
[email protected]
Tenants
21st Century Child Development
512.474.5557 Ryan Hoff
[email protected]
512.474.5557 www.retailsolutions.us
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Confidential Memorandum and Disclaimer Please note that the use of this Offering Memorandum and the Information (“Information”) provided is subject to the terms, provisions and limitations of the confidentiality agreement which we have provided to you (“Buyer”) and requested an executed copy. Brokerage Relationships: By taking possession of and reviewing the information contained herein, Buyer acknowledges that the Listing Team of Retail Solutions (“Brokers”) are acting as Seller’s Agent in the disposition assignment for the property. Buyer acknowledges receipt of the form entitled Information About Brokerage Services. Non-disclosure of Information: By taking possession of and reviewing the Information contained herein, Buyer agrees not to disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or the Property owner (“Owner”) to any other person or entity except as permitted herein. Buyer shall take all appropriate precautions to limit the dissemination of the Information only to those persons within the firm who need to know the Information. The phrase “within the firm” shall be deemed to include outside attorneys, accountants and investors. Disclaimer and Waiver: By taking possession of and reviewing the Information contained herein, Buyer understands and acknowledges that neither Brokers nor Owner make any representations or warranty, expressed or implied, as to the accuracy or completeness of any Information provided. Neither the Broker or the Owner shall have any liability whatsoever for the accuracy or completeness of the Information contained herein or any other written or oral communication or Information transmitted or made available or any action taken or decision made by the Buyer with respect to the Property. Buyer understands and acknowledges that they should make their own investigations, projections and conclusions without reliance upon the Information contained herein. Buyer assumes full and complete responsibility for confirmation and verification of all information received and expressly waives all rights of recourse against Owner, Brokers and Retail Solutions.
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Investment Overview Price Capitalization Rate Price Per SF Terms
$3,850,000 7.71% $263.70 Cash to Seller
PROPERTY INFORMATION Property Address
Location County Gross Leasable Area Occupancy Year of Construction Number of Buildings Number of Tenants Lease Type NNNs
8201 Cross Park Dr Austin, Texas 78754 Northeast quadrant of US-290 & US-183 Travis 14,600 SF 92% 2005 2 6 NNN $6.44
PROPERTY SUMMARY Walnut Creek Retail Center presents an excellent investment opportunity in bustling Austin, TX. The property consists of two retail buildings situated on 1.98 acres in the Walnut Creek Business Park in northeast Austin. The 14,600 square foot center is 92% occupied by a great mix of tenants hand-picked to serve the Business Park and surrounding areas. Many of Walnut Creek’s nearly 60,000 employees visit the Shell station throughout the day, and flood the center’s restaurants at lunchtime. With a diverse mix of more than 2,200 businesses and numerous apartment complexes within 3 miles, Walnut Creek Retail Center is positioned to thrive into the future as this area of Austin continues to grow and flourish. The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
INCOME & EXPENSE* Base Rent NNN Reimbursements Total Rent Total Expenses Net Operating Income
$304,582 $86,438 $391,020 ( 94,004) $297,016
OPERATING EXPENSES Taxes Insurance CAM Management Fee Marketing/Advertising TOTAL
$40,500 $3,554 $32,000 $7,200 $10,750 $94,004
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Property Highlights • The property features two drive-thrus • Gas pumps are owned by the property owner, and leased back by the operator • 92% Occupied by National, Regional & Local Tenants • Only Retail Center in 700-Acre Walnut Creek Business Park • Nearly 60,000 Daytime Employees within 3 Miles • Unique Two Building Center with Two Drive-Thrus • Attractive 2006 Stucco Construction • Excellent Mix of Services tailored to the business park climate • Multiple Signange Opportunities provide Great Visibility • Signalized Corner with excellent Ingress/Egress
DEMOGRAPHIC SNAPSHOT 2013 Population Average HH Income Workplace Employees
1 mile
2 miles
3 miles
6,969
42,243
97,848
$51,518
$50,766
$50,496
11,041
25,425
58,301
• Traffic Counts: • Cross Park Drive: 11,469 VPD (City of Austin 2010) • US-290: 45,000 VPD (TXDOT 2012) • US-183: 74,000 VPD (TXDOT 2012)
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Tenant Information http://www.shell.us “Shell is a leading oil and gas producer in the deepwater Gulf of Mexico, a recognized pioneer in oil and gas exploration and production technology and one of America’s leading oil and natural gas producers, gasoline, and natural gas marketers and petrochemical manufacturers. We operate in 50 states and employ more than 22,000 people delivering energy in technically innovative ways.” Number of Locations: > 44,000 Stations Worldwide
http://www.quiznos.com “Quiznos sandwich shops offer flavorful chef-inspired menu items, including grilled flatbreads, salads and wraps. We also offer all-natural chicken, freshly-sliced deli meats, artisan breads and cheeses. Quiznos is the perfect menu for your lunchtime!” Number of Locations: >1,000 Shops in U.S.
http://tacoshack.com Taco Shack opened their first location in central Austin in 1996. They now have 9 locations throughout the Austin area and their mission remains the same, “We want our customers to have a new view of the fast food experience with our fresh food, friendly employees, and our fast service. Our goal is to take the fast food industry to the next level, not only to please the customer, but to leave them with a fun and lasting impression while maintaining the appearance and cleanliness of the highest standards. Always, we take pride in preparing and serving you your meal as if you were making it yourself. We thank our loyal customers of the past, present and future and in turn will continue to give back to the community which has helped us over the years. Remember, the Taco Shack way is everyday.” Number of Locations: 9
http://www.localsliceaustin.com Local Slice is a relatively new pizzeria to the Austin area. They now have three locations in the Austin MSA, and are quickly becoming very well-known for their delicious New York style pizza. Number of Locations: 3 The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Site Plan
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Region Map
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Locator Map
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Highway 290 Toll Road
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Aerial
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Walnut Creek Business Park Tenants
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Basic Summary Report STI Popstats 2Q 2013
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
8201 Cross Park Dr Austin, TX 78754 5 December 2013
Demographics POPULATION 2000 Population 2010 Population 2013 Population % Growth 2000 - 2010 % Growth 2013 - 2018 HOUSEHOLDS 2013 Households Avg Household Size EMPLOYMENT 2013 Total Employers 2013 Workplace Employees
Basic Summary Report
RACE STIWhite Popstats 2Q 2013 % % Hispanic % Black 8201 Cross Park Dr Austin, TX 78754 % Asian % Other 5 December 2013 White Hispanic Black Asian COLLEGE EDUCATION (Age 25+) Other % < 9th Grade % Some High School HOUSING % Renter High School % Occupied Housing Units % Some College % Owner Occupied Housing Units % College - Associates Degree % College - Bachelors Degree INCOME % College - Masters Degree 2013 Median Household Income % College - Professional 2013 Average HouseholdDegree Income % College - Doctorate Degree 2013 Per Capita Income AGE Median Age Median Age Male Median Age Female
Coordinates Longitude: Latitude: 1 MILE RING 3.14 SQ/MI
2 MILE RING 12.56 SQ/MI
3 MILE RING 28.27 SQ/MI
4,947 6,077 6,969
35,425 38,239 42,243
81,677 88,279 97,848
18.6% 19.6%
7.4% 15.6%
7.5% 15.2%
2,841
15,216
35,041
2.7
2.9
2.8
332 11,041
874 25,425
2,298 58,301
26.5% 20.1% 43.6% 54.1% 23.7% 21.2% 4.4% 2.8% 1.9% 1.8% Coordinates Longitude: Latitude: 1,844 8,483 1 MILE 2 MILE 3,041 22,863 RING RING 3.14 SQ/MI1,649 12.56 SQ/MI 8,952 305 1,190 130 756 7.1% 16.6% 12.5% 14.5% 18.8% 22.3% 63.2% 63.2% 26.9% 19.7% 36.8% 36.8% 9.5% 5.6% 15.0% 14.5% 8.6% 5.3% $44,007 $41,694 0.6% 0.5% $51,518 $50,766 1.0% 0.9% $21,779 $18,697
21.9% 55.3% 17.8% 3.1% -97.667195 1.8% 30.330128 21,455 3 MILE RING54,118 28.27 SQ/MI 17,458 3,068 1,749 16.4% 13.9% 23.5% 61.2% 18.6% 38.8% 4.9% 15.0% 5.8% $41,304 0.9% $50,496 1.1% $18,791
28.1 27.3 29.2
Data Source: © 2007 Pitney Bowes MapInfo. All Rights Reserved.
Carter Bailey - 512.474.5557 [email protected]
-97.667195 30.330128
27.3 26.6 28.2
27.1 26.6 27.5 Page 1
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Listing Team Carter Bailey | Associate [email protected] 512.474.5557
Carter Bailey joined Retail Solutions in 2011 as an Associate on the Retail Leasing Team. His responsibilities include project leasing, tenant representation and investment sales in the greater Austin area, with a specialization in Single Tenant Asset Sales across the entire state. Prior to joining Retail Solutions, Carter was a Partner with Lake Forest Capital, where he focused on net lease investments for clients throughout the country. Additionally, he worked with Big Horn Development in Dallas-Fort Worth assisting with subdivision and land development. Carter represents tenants like Ace Hardware, Yogurtland and Play N Trade. On the landlord side of transactions, among other assignments, he works closely with HEB and partners on the pre-leasing of Arbor Town Square – a very high profile 40,000 SF retail center in front of the Costco in the Austin Arboretum submarket. In 2012, he sold a Dollar General STNL in Nederland, Texas and a 25,000 SF mixed-use building on South Congress Avenue. Carter graduated from St. Edwards University with a B.A. in Business Management and is a member of the International Council of Shopping Centers (ICSC).
Ryan Hoff | Vice President [email protected] 512.474.5557
Ryan Hoff is a licensed Texas Real Estate Broker, and has been active in commercial real estate throughout Texas for almost a decade. Prior to joining Retail Solutions, Ryan worked for national investment sales firm, Marcus & Millichap (M&M), in a number of capacities. In 2005, he joined their National Retail Group where he began selling single and multi-tenant retail assets across the state of Texas. He specialized in the disposition of investment properties from $1-20 Million, ranging from STNL sale-leasebacks to national credit-tenant leased shopping centers. He also joined their National Self Storage Group in 2009, and in 2010 he joined Marcus & Millichap Capital Corporation (MMCC). While with MMCC, Ryan identified debt and equity placement opportunities from $1-100 Million across the country. Before joining M&M, Ryan sold and leased commercial properties in Austin for Henry S. Miller Commercial. Ryan is a proud graduate of The University of Texas at Austin, where he received his BBA in Finance from The McCombs School of Business. He is also a member of the National Association of Realtors (NAR), the Texas Association of Realtors (TAR), and the International Council of Shopping Centers (ICSC).
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Multi-Tenant Investment Opportunity
92% Occupied - National, Regional & Local Tenants Only Retail Center in 700-Acre Walnut Creek Business Park Nearly 60,000 Daytime Employees within 3 Miles Unique Two Building Center with Two Drive-Thrus
PRICE:
$3,850,000
CAP RATE: 7.71% BUILT:
2005
GLA:
14,600 SF
for more information:
Carter Bailey
[email protected]
Tenants
21st Century Child Development
512.474.5557 Ryan Hoff
[email protected]
512.474.5557 www.retailsolutions.us
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Confidential Memorandum and Disclaimer Please note that the use of this Offering Memorandum and the Information (“Information”) provided is subject to the terms, provisions and limitations of the confidentiality agreement which we have provided to you (“Buyer”) and requested an executed copy. Brokerage Relationships: By taking possession of and reviewing the information contained herein, Buyer acknowledges that the Listing Team of Retail Solutions (“Brokers”) are acting as Seller’s Agent in the disposition assignment for the property. Buyer acknowledges receipt of the form entitled Information About Brokerage Services. Non-disclosure of Information: By taking possession of and reviewing the Information contained herein, Buyer agrees not to disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or the Property owner (“Owner”) to any other person or entity except as permitted herein. Buyer shall take all appropriate precautions to limit the dissemination of the Information only to those persons within the firm who need to know the Information. The phrase “within the firm” shall be deemed to include outside attorneys, accountants and investors. Disclaimer and Waiver: By taking possession of and reviewing the Information contained herein, Buyer understands and acknowledges that neither Brokers nor Owner make any representations or warranty, expressed or implied, as to the accuracy or completeness of any Information provided. Neither the Broker or the Owner shall have any liability whatsoever for the accuracy or completeness of the Information contained herein or any other written or oral communication or Information transmitted or made available or any action taken or decision made by the Buyer with respect to the Property. Buyer understands and acknowledges that they should make their own investigations, projections and conclusions without reliance upon the Information contained herein. Buyer assumes full and complete responsibility for confirmation and verification of all information received and expressly waives all rights of recourse against Owner, Brokers and Retail Solutions.
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Investment Overview Price Capitalization Rate Price Per SF Terms
$3,850,000 7.71% $263.70 Cash to Seller
PROPERTY INFORMATION Property Address
Location County Gross Leasable Area Occupancy Year of Construction Number of Buildings Number of Tenants Lease Type NNNs
8201 Cross Park Dr Austin, Texas 78754 Northeast quadrant of US-290 & US-183 Travis 14,600 SF 92% 2005 2 6 NNN $6.44
PROPERTY SUMMARY Walnut Creek Retail Center presents an excellent investment opportunity in bustling Austin, TX. The property consists of two retail buildings situated on 1.98 acres in the Walnut Creek Business Park in northeast Austin. The 14,600 square foot center is 92% occupied by a great mix of tenants hand-picked to serve the Business Park and surrounding areas. Many of Walnut Creek’s nearly 60,000 employees visit the Shell station throughout the day, and flood the center’s restaurants at lunchtime. With a diverse mix of more than 2,200 businesses and numerous apartment complexes within 3 miles, Walnut Creek Retail Center is positioned to thrive into the future as this area of Austin continues to grow and flourish. The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
INCOME & EXPENSE* Base Rent NNN Reimbursements Total Rent Total Expenses Net Operating Income
$304,582 $86,438 $391,020 ( 94,004) $297,016
OPERATING EXPENSES Taxes Insurance CAM Management Fee Marketing/Advertising TOTAL
$40,500 $3,554 $32,000 $7,200 $10,750 $94,004
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Property Highlights • The property features two drive-thrus • Gas pumps are owned by the property owner, and leased back by the operator • 92% Occupied by National, Regional & Local Tenants • Only Retail Center in 700-Acre Walnut Creek Business Park • Nearly 60,000 Daytime Employees within 3 Miles • Unique Two Building Center with Two Drive-Thrus • Attractive 2006 Stucco Construction • Excellent Mix of Services tailored to the business park climate • Multiple Signange Opportunities provide Great Visibility • Signalized Corner with excellent Ingress/Egress
DEMOGRAPHIC SNAPSHOT 2013 Population Average HH Income Workplace Employees
1 mile
2 miles
3 miles
6,969
42,243
97,848
$51,518
$50,766
$50,496
11,041
25,425
58,301
• Traffic Counts: • Cross Park Drive: 11,469 VPD (City of Austin 2010) • US-290: 45,000 VPD (TXDOT 2012) • US-183: 74,000 VPD (TXDOT 2012)
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Tenant Information http://www.shell.us “Shell is a leading oil and gas producer in the deepwater Gulf of Mexico, a recognized pioneer in oil and gas exploration and production technology and one of America’s leading oil and natural gas producers, gasoline, and natural gas marketers and petrochemical manufacturers. We operate in 50 states and employ more than 22,000 people delivering energy in technically innovative ways.” Number of Locations: > 44,000 Stations Worldwide
http://www.quiznos.com “Quiznos sandwich shops offer flavorful chef-inspired menu items, including grilled flatbreads, salads and wraps. We also offer all-natural chicken, freshly-sliced deli meats, artisan breads and cheeses. Quiznos is the perfect menu for your lunchtime!” Number of Locations: >1,000 Shops in U.S.
http://tacoshack.com Taco Shack opened their first location in central Austin in 1996. They now have 9 locations throughout the Austin area and their mission remains the same, “We want our customers to have a new view of the fast food experience with our fresh food, friendly employees, and our fast service. Our goal is to take the fast food industry to the next level, not only to please the customer, but to leave them with a fun and lasting impression while maintaining the appearance and cleanliness of the highest standards. Always, we take pride in preparing and serving you your meal as if you were making it yourself. We thank our loyal customers of the past, present and future and in turn will continue to give back to the community which has helped us over the years. Remember, the Taco Shack way is everyday.” Number of Locations: 9
http://www.localsliceaustin.com Local Slice is a relatively new pizzeria to the Austin area. They now have three locations in the Austin MSA, and are quickly becoming very well-known for their delicious New York style pizza. Number of Locations: 3 The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Site Plan
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Region Map
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Locator Map
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Highway 290 Toll Road
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Aerial
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Walnut Creek Business Park Tenants
Carter Bailey - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Basic Summary Report STI Popstats 2Q 2013
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
8201 Cross Park Dr Austin, TX 78754 5 December 2013
Demographics POPULATION 2000 Population 2010 Population 2013 Population % Growth 2000 - 2010 % Growth 2013 - 2018 HOUSEHOLDS 2013 Households Avg Household Size EMPLOYMENT 2013 Total Employers 2013 Workplace Employees
Basic Summary Report
RACE STIWhite Popstats 2Q 2013 % % Hispanic % Black 8201 Cross Park Dr Austin, TX 78754 % Asian % Other 5 December 2013 White Hispanic Black Asian COLLEGE EDUCATION (Age 25+) Other % < 9th Grade % Some High School HOUSING % Renter High School % Occupied Housing Units % Some College % Owner Occupied Housing Units % College - Associates Degree % College - Bachelors Degree INCOME % College - Masters Degree 2013 Median Household Income % College - Professional 2013 Average HouseholdDegree Income % College - Doctorate Degree 2013 Per Capita Income AGE Median Age Median Age Male Median Age Female
Coordinates Longitude: Latitude: 1 MILE RING 3.14 SQ/MI
2 MILE RING 12.56 SQ/MI
3 MILE RING 28.27 SQ/MI
4,947 6,077 6,969
35,425 38,239 42,243
81,677 88,279 97,848
18.6% 19.6%
7.4% 15.6%
7.5% 15.2%
2,841
15,216
35,041
2.7
2.9
2.8
332 11,041
874 25,425
2,298 58,301
26.5% 20.1% 43.6% 54.1% 23.7% 21.2% 4.4% 2.8% 1.9% 1.8% Coordinates Longitude: Latitude: 1,844 8,483 1 MILE 2 MILE 3,041 22,863 RING RING 3.14 SQ/MI1,649 12.56 SQ/MI 8,952 305 1,190 130 756 7.1% 16.6% 12.5% 14.5% 18.8% 22.3% 63.2% 63.2% 26.9% 19.7% 36.8% 36.8% 9.5% 5.6% 15.0% 14.5% 8.6% 5.3% $44,007 $41,694 0.6% 0.5% $51,518 $50,766 1.0% 0.9% $21,779 $18,697
21.9% 55.3% 17.8% 3.1% -97.667195 1.8% 30.330128 21,455 3 MILE RING54,118 28.27 SQ/MI 17,458 3,068 1,749 16.4% 13.9% 23.5% 61.2% 18.6% 38.8% 4.9% 15.0% 5.8% $41,304 0.9% $50,496 1.1% $18,791
28.1 27.3 29.2
Data Source: © 2007 Pitney Bowes MapInfo. All Rights Reserved.
Carter Bailey - 512.474.5557 [email protected]
-97.667195 30.330128
27.3 26.6 28.2
27.1 26.6 27.5 Page 1
For More Information: www.retailsolutions.us
Ryan Hoff - 512.474.5557 [email protected]
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
Listing Team Carter Bailey | Associate [email protected] 512.474.5557
Carter Bailey joined Retail Solutions in 2011 as an Associate on the Retail Leasing Team. His responsibilities include project leasing, tenant representation and investment sales in the greater Austin area, with a specialization in Single Tenant Asset Sales across the entire state. Prior to joining Retail Solutions, Carter was a Partner with Lake Forest Capital, where he focused on net lease investments for clients throughout the country. Additionally, he worked with Big Horn Development in Dallas-Fort Worth assisting with subdivision and land development. Carter represents tenants like Ace Hardware, Yogurtland and Play N Trade. On the landlord side of transactions, among other assignments, he works closely with HEB and partners on the pre-leasing of Arbor Town Square – a very high profile 40,000 SF retail center in front of the Costco in the Austin Arboretum submarket. In 2012, he sold a Dollar General STNL in Nederland, Texas and a 25,000 SF mixed-use building on South Congress Avenue. Carter graduated from St. Edwards University with a B.A. in Business Management and is a member of the International Council of Shopping Centers (ICSC).
Ryan Hoff | Vice President [email protected] 512.474.5557
Ryan Hoff is a licensed Texas Real Estate Broker, and has been active in commercial real estate throughout Texas for almost a decade. Prior to joining Retail Solutions, Ryan worked for national investment sales firm, Marcus & Millichap (M&M), in a number of capacities. In 2005, he joined their National Retail Group where he began selling single and multi-tenant retail assets across the state of Texas. He specialized in the disposition of investment properties from $1-20 Million, ranging from STNL sale-leasebacks to national credit-tenant leased shopping centers. He also joined their National Self Storage Group in 2009, and in 2010 he joined Marcus & Millichap Capital Corporation (MMCC). While with MMCC, Ryan identified debt and equity placement opportunities from $1-100 Million across the country. Before joining M&M, Ryan sold and leased commercial properties in Austin for Henry S. Miller Commercial. Ryan is a proud graduate of The University of Texas at Austin, where he received his BBA in Finance from The McCombs School of Business. He is also a member of the National Association of Realtors (NAR), the Texas Association of Realtors (TAR), and the International Council of Shopping Centers (ICSC).
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
Walnut Creek Retail Center 8201 Cross Park Dr | Austin, Texas 78754 Multi-Tenant Investment Opportunity
The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.
