Familia Dental - Big Springs, Texas by Blake Federinko

CONFIDENTIALITY DISCLAIMER

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

MAJ COMMERCIAL REAL ESTATE

MAJ Commercial Real Estate is pleased to present the opportunity to acquire a Single Tenant Net Leased Investment located in Big Spring, TX. The Property is leased to Famillia Dental who’s been operating at this location since 2013 and who exercised their last 5-Year Option that expires in November of 2027. The site is ideally located on S Gregg Street that encompasses over 16,000 VPD (Vehicles Per Day). Some of the surrounding businesses include H-E-B, O’Reily Auto Parts, Domino’s Pizza, T-Mobile, and much more.

LEASE SUMMARY

LEASE GUARANTOR: Familia Dental

PARENT COMPANY: Halifax Group

NUMBER OF LOCATIONS: 42

HEADQUARTERS: Chicago, Illinois

REVENUE 2022: $12.3 Million

WEBSITE: www.familiadental.com

PROPERTY ADDRESS:

1915 Gregg Street

Bing Spring, TX, 79720

GUARANTOR: Familia Dental

OWNERSHIP TYPE: Fee Simple

LEASE EXPIRATION DATE: November 2027

LEASE TYPE: NNN

LANDLORD RESPONSIBLE: Roof and Structure

Familia Dental opened in 2008 to provide high-quality dentistry at affordable prices. Forty-two dental offices later, Familia Dental carries on with the mission of improving the health and smiles of its patients. As the organization grows, the original purpose of Familia Dental remains true to its founding principle:

To provide a warm and inviting familyfriendly environment where everyone receives proper dental care, and nobody is refused treatment because of their social status or insurance coverage.

Familia Dental is a warm and inviting environment where everyone is treated equally and where no patient is refused due to their social status or insurance coverage. This mission is especially close to the heart of their founder who, after graduating from dental school, realized he wanted to contribute to the less fortunate communities that his family belonged to growing up.

ADDRESS:

1915 Gregg Street, Big Spring, TX, 79720

TENANT: Familia Dental LEASE TYPE: NNN

Located in an Income Tax Free State NNN Leased Investment

BUILDING SIZE: +/-4,046 SF

LAND SIZE: +/-0.383 Aces

Site Positioned on HighTraffic Thoroughfare (16,000+/- VPD)

SURROUNDING AREA

SUBJECT PROPERTY

S GREGG ST

EDWARDS BLVD

SUBJECT PROPERTY

W 20TH ST

EDWARDS BLVD

SGREGGST

BIG SPRING TX

Big Spring is a city in (and has served as the county seat of) Howard County Texas since 1882. The City of Big Spring was incorporated in 1907 and has remained the largest community in the county. Big Spring is at the intersection of Interstate Highway 20, U.S. Highways 80 and 87, State Highway 350, Farm Road 700, and the Missouri Pacific line in southwest central Howard County. The city is in a rocky gorge between 2 high foothills of the Caprock escarpment in West Texas. The city derives its name from the single, large spring that issued into a small gorge between the base of Scenic Mountain and a neighboring hill in the southwestern part of the city limits. Although the name is often mistakenly pluralized, it is officially singular.

Unlike many Texas communities of similar size, Big Spring’s economy is not reliant on 1 or 2 industries. Even though oil related industry and agriculture played an important role in Big Spring and Howard County economies of the past, only about 8% of the employed persons in 1990 reported that they were employed in these 2 groups. Today the community’s economy is more diverse, consisting of varied industry and commercial types. The economy has seen improvement in recent years as the fortunes of the oil and gas industry have improved. Additionally, the construction of the Texas State Veterans Home, a large expansion of the VA hospital and expansions at Alon refinery have boosted the economy.