windsor auto park
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Windsor Auto Park AREA RETAILERS
BUILT: 1986 PRICE: $1,200,000 COST PSF: $44 GLA: 27,200 SF Alan P. Rust, CCIM - 512.474.5557 [email protected]
• Owner will consider seller-financing • Significant up-side potential for investor or owner/user • South Texas multi-tenant auto service property located near several car dealerships • Great tenant mix with synergistic automotive uses • Prime location with easy access and outstanding visibility from heavily trafficked Business 83 • All vacant space is 2nd gen For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Investment Summary Price Terms
$1,200,000 Cash to Seller
PROPERTY INFORMATION Property Address
Location County Gross Leasable Area Occupancy Land Size Year of Construction Number of Buildings Number of Tenants Lease Type
800 Ash Avenue McAllen, Texas 78501 Just north of the 10th Street & Business 83 intersection Hidalgo 27,200 SF 18% Occupied 1.99 Acres 1986 1 2 Gross
Property Highlights • Owner will consider seller-financing • Approximately 1 mile North of Expressway 83 • Over 96k residents (10.9% population growth projected ’13 – ’18) and more than 57k jobs within 3 miles • South Texas multi-tenant auto service property located near several car dealerships • Zoning C-3 (General Business District) • Great tenant mix with synergistic automotive uses • Approximately 65 miles from South Padre Island, a major beach and tourist location in South Texas • Traffic Counts (TXDOT 2012): 10th St: 19,000 VPD Business 83: 21,000 VPD
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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Investment Overview INCOME & EXPENSE* Total Gross Rent Operating Expenses Net Operating Income
$43,560 $41,866 $1,694
OPERATING EXPENSES Property Taxes Management Fees Trash Gas & Electric Insurance Exterior Maintenance Landscaping TOTAL
*Income: April 2014 annualized Expenses: 2013 actual
$16,821 $4,775 $6,652 $1,549 $7,089 $130 $4,850 $41,866
DEMOGRAPHIC SNAPSHOT 1 mile 11,900
3 miles 96,807
5 miles 218,524
5 Yr Projected Growth
7.7%
10.9%
9.6%
Hispanic Population
89.1%
88.3%
86.4%
2013 Total Employers
966
3,496
5,924
Workplace Employees
14,114
57,604
100,898
Average HH Income
$39,975
$50,323
$57,865
2013 Population
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
McAllen, Mission, Edinburg MSA • 4th Fastest growing MSA in America by percent change in population (U.S. Census 2000) • #1 county in Texas by percent change in population (U.S. Census 2000) • Forbes listed McAllen as one of the top ten best cities for recession recovery in a 2009 article. • CNNMoney recognized McAllen among its Best Places to Launch a Small Business in 2009. McAllen was ranked 16th among Mid-Size Cities and 23rd overall for Small Business Growth. • The Rio Grande Valley includes the four southern-most counties in Texas: Cameron, Hidalgo, Starr and Willacy. It is in the geographic center of the region most recently termed the Rioplex, which includes the four Rio Grande Valley counties and the Northern Mexico border cities between Matamoros and Ciudad Mier. • The 2008 Census places the population of the RGV at 1,194,819, a 63.4% increase over 1990. Put simply, the RGV’s population is larger than nine states. • The southern half of the Rioplex includes the Mexico border cites of Matamoros, Rio Bravo and Reynosa, which contribute at least another 3.0 million to the region’s population. This brings the total population of this bi-national, bicultural, bilingual, international metropolitan area to 3.9 million or more: the Rioplex is larger than 25 states. Source: McAllen Chamber of Commerce
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Rent Roll
SQ. FT.
% of Total SQ. FT.
1,200
4.4%
12/31/2015
2,400
8.8%
12/31/2014
2,400
8.8%
Suite D
1,500
5.5%
Vacant
Suite E
2,100
7.7%
Vacant
Suite F
2,400
8.8%
Vacant
Suite G
4,800
17.7%
Vacant
Suites H/I
10,400
38.3%
27,200
100%
TENANT
SUITE
Vacant
Suite A
Mend A Dent
Suite B
Charles Clark Chevrolet
Suite C
Vacant
EXP DATE
TOTAL
Occupied SF: 4,800 Occupied %: 18%
Alan P. Rust, CCIM - 512.474.5557 [email protected]
BASE RENT ESCALATION RENT PSF DATES
1/1/2014 1/1/2015
ANNUAL MONTHLY GROSS RENT GROSS RENT
$0.83 $0.85
$1,950 $2,000
$23,400 $24,000
$0.70
$1,680
$20,160
Vacant SF: 22,400 Vacant %: 82%
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Site Plan
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Region Map
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Location Map
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Aerial
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
Basic Summary Report
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
STI Popstats 2Q 2013 800 Ash Ave Mcallen, TX 78501
Demographics 20 November 2013
Coordinates Longitude: -98.227851 Latitude: 26.203441
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 STI Popstats 2Q 2013 % White % Hispanic % Black 800 Ash Ave Mcallen, TX 78501 % Asian 20 November 2013 % Other White Hispanic Black Asian COLLEGE EDUCATION (Age 25+) Other % < 9th Grade % Some High School HOUSING % High School % Renter 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 Degree 2013 Average Household Income % College - Doctorate Degree 2013 Per Capita Income AGE Median Age Median Age Male Median Age Female
Data Source: © 2007 Pitney Bowes MapInfo. All Rights Reserved.
Alan P. Rust, CCIM - 512.474.5557 [email protected]
1 MILE RING 3.14 SQ/MI
3 MILE RING 28.27 SQ/MI
5 MILE RING 78.53 SQ/MI
12,572 84,314 165,775 11,690 90,815 209,582 11,900 96,807 218,524 -7.5% 7.2% 20.9% 7.7% 10.9% 9.6% 4,040 31,725 68,510 3.1 3.0 3.2 966 3,496 5,924 14,114 57,604 100,898 9.3% 9.5% 10.9% 89.1% 88.3% 86.4% 0.3% 0.4% 0.5% 1.0% 1.4% 1.9% Coordinates Longitude: 0.4% 0.4% -98.227851 0.4% Latitude: 26.203441 1,108 9,200 23,792 1 MILE 3 MILE 5 MILE RING 10,599 RING RING 85,463 188,796 3.14 SQ/MI 28.27 SQ/MI 78.53 SQ/MI 37 402 1,023 114 1,370 4,044 43 373 869 29.2% 22.7% 19.6% 12.5% 10.3% 10.1% 22.8% 23.4% 23.7% 53.3% 46.1% 36.8% 18.8% 17.4% 17.8% 46.7% 53.9% 63.2% 2.4% 3.9% 4.6% 11.1% 16.4% 17.5% 2.4% 3.6% 4.3% $28,330 $35,622 $43,542 0.8% 1.7% 1.7% $39,975 $50,323 $57,865 0.0% 0.6% 0.6% $14,493 $17,383 $17,673 30.5 28.7 28.1 28.6 27.0 26.5 32.3 30.4 29.6
For More Information: www.retailsolutions.us
Page 1
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Listing Team Alan P. Rust, CCIM | Principal [email protected] 512.474.5557
Alan P. Rust, CCIM, specializes in the leasing and sale of retail properties throughout Texas. Previously, Alan was with Sperry Van Ness. Prior to moving to Austin, he was a commercial broker in Colorado where he earned recognition as a “Heavy Hitter” in commercial investment sales from the Denver Business Journal. In addition, Alan founded and served as president of Snowshoe Ridge Properties, LLC, a successful real estate holding and development firm. Alan has lead the charge for Retail Solutions with its investment sales program capping off his tenure with the company with a fantastic 2012! Last year, he sold Kingsville Retail Center, Pecan Plaza in Lockhart, Freddy’s Frozen Custard in Pflugerville, Shops at Cameron in Austin, Victoria Corners II, Victoria Corners III, Dumas Corners, and Pfluger Station in Pflugerville before the walls for the center were even erected! Already in 2013 he has several of his clients’ properties under contract and headed for closing. Mr. Rust has earned the Certified Commercial Investment Member (CCIM) designation and is active in the industry as a member of the International Council of Shopping Centers (ICSC), the Central Texas Commercial Association of Realtors (CTCAR) and the Real Estate Council of Austin (RECA). Mr. Rust earned a bachelor’s degree in Computer Science with a minor in Business Administration from Binghamton University in Binghamton, New York.
Charlie Roof | Principal [email protected] 210.374.6111
Charlie began his career in Commercial Real Estate over 24 years ago in Houston, Texas with Paragon Group Retail Division. He established the Houston Commercial Retail Division office for The Weitzman Group where he was responsible for a portfolio of over 2,000,000 square feet of retail properties. While working for the Weitzman Group, he was promoted several times with his last position being Senior Vice President. During his tenure, Charlie received many awards from the company for being a top producer. Charlie currently represents Verizon Wireless/Cellular Sales, Just Brakes, Shipley Do-nuts, CVS, Wing Zone as well as numerous local and regional credit tenants. Charlie is a member of the South Texas Commercial Association of Realtors (STCAR), the National Association of Realtors (NAR), Texas Association of Realtors (TAR) and the International Council of Shopping Centers (ICSC). He received his Bachelor of Arts Degree in Political Science from Texas A&M University.
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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
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.
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Windsor Auto Park AREA RETAILERS
BUILT: 1986 PRICE: $1,200,000 COST PSF: $44 GLA: 27,200 SF Alan P. Rust, CCIM - 512.474.5557 [email protected]
• Owner will consider seller-financing • Significant up-side potential for investor or owner/user • South Texas multi-tenant auto service property located near several car dealerships • Great tenant mix with synergistic automotive uses • Prime location with easy access and outstanding visibility from heavily trafficked Business 83 • All vacant space is 2nd gen For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Investment Summary Price Terms
$1,200,000 Cash to Seller
PROPERTY INFORMATION Property Address
Location County Gross Leasable Area Occupancy Land Size Year of Construction Number of Buildings Number of Tenants Lease Type
800 Ash Avenue McAllen, Texas 78501 Just north of the 10th Street & Business 83 intersection Hidalgo 27,200 SF 18% Occupied 1.99 Acres 1986 1 2 Gross
Property Highlights • Owner will consider seller-financing • Approximately 1 mile North of Expressway 83 • Over 96k residents (10.9% population growth projected ’13 – ’18) and more than 57k jobs within 3 miles • South Texas multi-tenant auto service property located near several car dealerships • Zoning C-3 (General Business District) • Great tenant mix with synergistic automotive uses • Approximately 65 miles from South Padre Island, a major beach and tourist location in South Texas • Traffic Counts (TXDOT 2012): 10th St: 19,000 VPD Business 83: 21,000 VPD
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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Investment Overview INCOME & EXPENSE* Total Gross Rent Operating Expenses Net Operating Income
$43,560 $41,866 $1,694
OPERATING EXPENSES Property Taxes Management Fees Trash Gas & Electric Insurance Exterior Maintenance Landscaping TOTAL
*Income: April 2014 annualized Expenses: 2013 actual
$16,821 $4,775 $6,652 $1,549 $7,089 $130 $4,850 $41,866
DEMOGRAPHIC SNAPSHOT 1 mile 11,900
3 miles 96,807
5 miles 218,524
5 Yr Projected Growth
7.7%
10.9%
9.6%
Hispanic Population
89.1%
88.3%
86.4%
2013 Total Employers
966
3,496
5,924
Workplace Employees
14,114
57,604
100,898
Average HH Income
$39,975
$50,323
$57,865
2013 Population
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
McAllen, Mission, Edinburg MSA • 4th Fastest growing MSA in America by percent change in population (U.S. Census 2000) • #1 county in Texas by percent change in population (U.S. Census 2000) • Forbes listed McAllen as one of the top ten best cities for recession recovery in a 2009 article. • CNNMoney recognized McAllen among its Best Places to Launch a Small Business in 2009. McAllen was ranked 16th among Mid-Size Cities and 23rd overall for Small Business Growth. • The Rio Grande Valley includes the four southern-most counties in Texas: Cameron, Hidalgo, Starr and Willacy. It is in the geographic center of the region most recently termed the Rioplex, which includes the four Rio Grande Valley counties and the Northern Mexico border cities between Matamoros and Ciudad Mier. • The 2008 Census places the population of the RGV at 1,194,819, a 63.4% increase over 1990. Put simply, the RGV’s population is larger than nine states. • The southern half of the Rioplex includes the Mexico border cites of Matamoros, Rio Bravo and Reynosa, which contribute at least another 3.0 million to the region’s population. This brings the total population of this bi-national, bicultural, bilingual, international metropolitan area to 3.9 million or more: the Rioplex is larger than 25 states. Source: McAllen Chamber of Commerce
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Rent Roll
SQ. FT.
% of Total SQ. FT.
1,200
4.4%
12/31/2015
2,400
8.8%
12/31/2014
2,400
8.8%
Suite D
1,500
5.5%
Vacant
Suite E
2,100
7.7%
Vacant
Suite F
2,400
8.8%
Vacant
Suite G
4,800
17.7%
Vacant
Suites H/I
10,400
38.3%
27,200
100%
TENANT
SUITE
Vacant
Suite A
Mend A Dent
Suite B
Charles Clark Chevrolet
Suite C
Vacant
EXP DATE
TOTAL
Occupied SF: 4,800 Occupied %: 18%
Alan P. Rust, CCIM - 512.474.5557 [email protected]
BASE RENT ESCALATION RENT PSF DATES
1/1/2014 1/1/2015
ANNUAL MONTHLY GROSS RENT GROSS RENT
$0.83 $0.85
$1,950 $2,000
$23,400 $24,000
$0.70
$1,680
$20,160
Vacant SF: 22,400 Vacant %: 82%
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Site Plan
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Region Map
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Location Map
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Aerial
Alan P. Rust, CCIM - 512.474.5557 [email protected]
For More Information: www.retailsolutions.us
Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
Basic Summary Report
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
STI Popstats 2Q 2013 800 Ash Ave Mcallen, TX 78501
Demographics 20 November 2013
Coordinates Longitude: -98.227851 Latitude: 26.203441
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 STI Popstats 2Q 2013 % White % Hispanic % Black 800 Ash Ave Mcallen, TX 78501 % Asian 20 November 2013 % Other White Hispanic Black Asian COLLEGE EDUCATION (Age 25+) Other % < 9th Grade % Some High School HOUSING % High School % Renter 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 Degree 2013 Average Household Income % College - Doctorate Degree 2013 Per Capita Income AGE Median Age Median Age Male Median Age Female
Data Source: © 2007 Pitney Bowes MapInfo. All Rights Reserved.
Alan P. Rust, CCIM - 512.474.5557 [email protected]
1 MILE RING 3.14 SQ/MI
3 MILE RING 28.27 SQ/MI
5 MILE RING 78.53 SQ/MI
12,572 84,314 165,775 11,690 90,815 209,582 11,900 96,807 218,524 -7.5% 7.2% 20.9% 7.7% 10.9% 9.6% 4,040 31,725 68,510 3.1 3.0 3.2 966 3,496 5,924 14,114 57,604 100,898 9.3% 9.5% 10.9% 89.1% 88.3% 86.4% 0.3% 0.4% 0.5% 1.0% 1.4% 1.9% Coordinates Longitude: 0.4% 0.4% -98.227851 0.4% Latitude: 26.203441 1,108 9,200 23,792 1 MILE 3 MILE 5 MILE RING 10,599 RING RING 85,463 188,796 3.14 SQ/MI 28.27 SQ/MI 78.53 SQ/MI 37 402 1,023 114 1,370 4,044 43 373 869 29.2% 22.7% 19.6% 12.5% 10.3% 10.1% 22.8% 23.4% 23.7% 53.3% 46.1% 36.8% 18.8% 17.4% 17.8% 46.7% 53.9% 63.2% 2.4% 3.9% 4.6% 11.1% 16.4% 17.5% 2.4% 3.6% 4.3% $28,330 $35,622 $43,542 0.8% 1.7% 1.7% $39,975 $50,323 $57,865 0.0% 0.6% 0.6% $14,493 $17,383 $17,673 30.5 28.7 28.1 28.6 27.0 26.5 32.3 30.4 29.6
For More Information: www.retailsolutions.us
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Charlie Roof - 210.374.6111 [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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
Listing Team Alan P. Rust, CCIM | Principal [email protected] 512.474.5557
Alan P. Rust, CCIM, specializes in the leasing and sale of retail properties throughout Texas. Previously, Alan was with Sperry Van Ness. Prior to moving to Austin, he was a commercial broker in Colorado where he earned recognition as a “Heavy Hitter” in commercial investment sales from the Denver Business Journal. In addition, Alan founded and served as president of Snowshoe Ridge Properties, LLC, a successful real estate holding and development firm. Alan has lead the charge for Retail Solutions with its investment sales program capping off his tenure with the company with a fantastic 2012! Last year, he sold Kingsville Retail Center, Pecan Plaza in Lockhart, Freddy’s Frozen Custard in Pflugerville, Shops at Cameron in Austin, Victoria Corners II, Victoria Corners III, Dumas Corners, and Pfluger Station in Pflugerville before the walls for the center were even erected! Already in 2013 he has several of his clients’ properties under contract and headed for closing. Mr. Rust has earned the Certified Commercial Investment Member (CCIM) designation and is active in the industry as a member of the International Council of Shopping Centers (ICSC), the Central Texas Commercial Association of Realtors (CTCAR) and the Real Estate Council of Austin (RECA). Mr. Rust earned a bachelor’s degree in Computer Science with a minor in Business Administration from Binghamton University in Binghamton, New York.
Charlie Roof | Principal [email protected] 210.374.6111
Charlie began his career in Commercial Real Estate over 24 years ago in Houston, Texas with Paragon Group Retail Division. He established the Houston Commercial Retail Division office for The Weitzman Group where he was responsible for a portfolio of over 2,000,000 square feet of retail properties. While working for the Weitzman Group, he was promoted several times with his last position being Senior Vice President. During his tenure, Charlie received many awards from the company for being a top producer. Charlie currently represents Verizon Wireless/Cellular Sales, Just Brakes, Shipley Do-nuts, CVS, Wing Zone as well as numerous local and regional credit tenants. Charlie is a member of the South Texas Commercial Association of Realtors (STCAR), the National Association of Realtors (NAR), Texas Association of Realtors (TAR) and the International Council of Shopping Centers (ICSC). He received his Bachelor of Arts Degree in Political Science from Texas A&M University.
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.
Windsor Auto Park
800 Ash Avenue | McAllen, Texas 78501 Multi-tenant automotive property: Value-add or owner/User
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.
