Portfolio Sale Brident Dental & Pollo Campero Corporate Guaranteed NNN Leases
7754 & 7750 W. Bellfort Ave, Houston, TX
CLICK HERE FOR PROPERTY VIDEO
6.00% CAP Rate | $289,240 NOI Listing Brokers: Blake D. Federinko Blake@MAJCRE.com 360.823.5111
Michael A. Jenkins Mike@MAJCRE.com 360.823.5102
While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other Professional advisor.
THIS OFFERING PRESENTS
the opportunity to acquire two Single Tenant Net Leased investments located in Houston, TX. The properties are leased to Pollo Campero on a 10-Year NNN Lease and Brident Dental 10+-Year NNN Lease. The properties were developed in 2016 in one of the busiest retail corridors in all of Houston, TX. Some of the surrounding retailers include HEB grocery Store (Joe Vâ€™s Smart Shop), Fiesta Grocery Store, Chase Bank, Planet Fitness, Advance Auto Parts, Walmart Neighborhood Market and much more.
Building Size 2,800+/- SqFt Lot Size .91+/- Acres Year Built 2017 Lease Type NNN Lease Expiration January 31, 2027 Options Four, 5-Year Options
New Free-Standing Pollo Campero Corporate Guaranteed NNN Lease 10% Increases Every 5 Years Income Tax Free State High Barriers to Entry Fifth Largest MSA in the United States 175,000+ Residents within a 3-Mile Radius
Building Size 4,312+/- SqFt Lot Size 38,712+/- SqFt Year Built 2017 Lease Type NNN Lease Expiration October 31, 2027 Options Four, 5-Year Options *Brident Dental also being offered individually Page 6
New Free-Standing Brident Dental & Orthodontics Corporate NNN Lease with 9+/- Years Remaining 10% Increases Every 5 Years Income Tax Free State 72+/- Parking Spaces on Site 175,000+ Residents within 3-Mile Radius Fifth Largest MSA in the United States
Scheduled Income POLLO CAMPERO BRIDENT DENTAL
LESS OPERATING EXPENSES PROPERTY TAXES INSURANCE CAM TOTAL EXPENSES
TENANT TENANT TENANT $0.00
Net Operating Income
POLLO CAMPERO 2,800 SQFT
OPTION 3 OPTION 4
YEAR 6-10 OPTION 1 OPTION 2 OPTION 3 OPTION 4
$11,617.67 $12,773.33 $17,787.00 $19,565.70 $21,522.27 $23,674.50 $26,041.95
$139,412.04 $153,279.96 $194,040.00 $213,444.00 $234,788.40 $258,267.24 $284,094.00 $312,503.40
$37.40 $45.26 $49.79 $54.76 $45.00 $49.50 $54.45 $59.90 $65.88 $72.47
TENANT: Brident Dental & Orthodontics GUARANTOR: Premier Dental Holdings, INC. SQFT OCCUPIED: 4,312 SqFt TERM: 10+-Year Primary Term EXTENDED TERMS: Four, 5-Year Options LEASE TYPE: NNN NOI: $194,040.00 Taxes: Tenant Responsibility Insurance: Tenant required to maintain liability and casualty insurance. CAMs: Tenant Responsibility Maintenance: Tenant Responsibility Landlord Responsibility: Roof and Structure
Since its founding in 1986, Brident Dental is an integrated, full-service dental and orthodontics organization that provides convenient, high-quality, affordable dental care in a comfortable environment through their network of more than 30 affiliated dental practices throughout Texas. Brident Dental offices provide a full suite of dental services, including family and childrenâ€™s dentistry, cavity prevention and treatment, braces and orthodontic treatment, Invisalign, cosmetic dentistry, root canals, gum disease treatment, oral surgery, tooth replacement, and emergency dental care. Brident Dental works to make low-cost dental and orthodontic care more accessible by accepting a wide number of private insurance plans and offering no-interest payment plans. Brident Dental is affiliated with Western Dental, one of the largest dental and oral health maintenance organizations on the west coast. This affiliation allows Brident Dental to benefit from a team of more than 4,000, longstanding emphasis on high standards of care, first-in-class training, and professional development.
Premier Dental Holdings, Inc., the guarantor entity, is the parent entity of Brident Dental Services and Western Dental. Premier Dental Holdings is one of the largest dental service organizations in the country with more than 200 locations and 4,000 team members. The company is affiliated with more than 1,700 dentists throughout Texas, California, Arizona, Nevada, and Colorado. Tenant Name: Brident Dental and Orthodontics Tenant Type: Corporate Website: www.brident.com # of Locations: 200 Year Established: 1986 Guarantor: Premier Dental Holdings, Inc.
TENANT: Pollo Campero PARENT COMPANY: CMI SQFT OCCUPIED: 2,800 TERM: 10-Year Primary Term EXTENDED TERMS: Four, 5-Year Options LEASE TYPE: NNN NOI: $95,200.00 Taxes: Tenant Responsibility Insurance: Tenant Responsibility CAMs: Tenant Responsibility
Tenant Responsibility: Tenant is responsible for nonstructural components, HVAC and parking lot. Landlord Responsibility: Landlord is responsible for roof and structure.
Pollo Campero is a fast-food restaurant chain, located in Guatemala, Honduras, El Salvador, Ecuador, Nicaragua, Mexico, Spain, Bahrain, the United States, and Italy. The very first Pollo Campero opened in 1971 in Guatemala. The chain now has near 400 locations, including more than 70 in the United States. The restaurant serves a variety of products such as traditional hand-breaded fried chicken, boneless wings, empanadas, deserts, an assortment of drinks and much more. Pollo Campero International headquarters is located in Dallas, Texas. In 2002, they opened their first US restaurant in Los Angeles, CA. Coporacion Muli Inversiones (CMI) is the parent company for Pollo Campero. CMI currently comprises over 300 companies and now accounts for more than 30,000 employees, operating in 13 countries with seven divisions. Since the 1920â€™s CMI has grown into a substantial business with holdings in, Wheat Milling, Fast Food, Real Estate, Finance, Infrastructure and Telecommunications.
Tenant Name: Tenant Type: Website: # of Locations: Year Established: Parent Company:
Pollo Campero Corporate www.us.campero.com 400 1971 CMI
Representative Photo Page 16
W. Bellfort Ave 26,000 Vehicles Daily
Fondren SW Village Mall
Fondren Rd 26,000 Vehicles Daily
Additional Retailers Fiesta Mart Chase Bank GameStop ddâ€™s Discounters Subway Prince Dollar One
Auto Zone Whataburger Hibbett Sports Little Caesars Pizza Family Dollar Walgreens
Chevron Pizza Patron Bakery Donuts City Gear Planet Fitness Burger King
Legend Parcel Outline: Subject Property: Trash/Recycle: Signage: Flow of traffic: Ingress/Egress:
West Bellfort Ave 26,000 VPD
Average Income Estimated 2017 Projected 2022 Census 2010 Census 2000
Population Estimated 2017 Projected 2022 Census 2010 Census 2000
$60,321 $65,134 $45,649 $43,413
$69,189 $74,928 $55,546 $49,218
$72,506 $78,635 $56,608 $49,093
31,826 33,842 29,137 31,645
175,055 187,568 160,733 162,003
487,355 528,993 448,655 436,088
HOUSTON, TX Houston has not evolved into Texas’ biggest City (and the largest in the South) by accident. Known as the Bayou City for its waterway system, Houston thrives because it is a great place to work and a great place to live. For business and fun, for living and visiting, Houston is one of the dynamic frontiers on the world stage. With its proximity to the Southern Hemisphere and having the infrastructure to accommodate the growing needs of numerous global interests, Houston has become an international destination and one of the world’s great cities. As a major corporate center. Houston is home to 23 Fortune 500 companies. The Port of Houston, one of the region’s greatest assets, ranks as the nation’s largest port in international tonnage and second in total tonnage. Houston’s infrastructure is also strengthened by three airports, which form the sixth-largest airport system in the world, and a massive trucking and rail system that links the southern, south central, midwestern and western United States. More than 600 trucking firms operate in Houston, and two major rail systems operate 14 mainline tracks radiating from Houston. Houston’s employment base has become increasingly diverse. In 1981, the economic base was dominated by energy-related businesses with nearly 85 percent of all jobs in those sectors. Today nearly half of all jobs are in nonenergy fields, such as business services, technology, aerospace, medicine and manufacturing.
Median Age AGE
32.6 Years Old
Gender Male 49.9% Female 50.1%
LARGEST EMPLOYERS IN HOUSTON
300 West 15th Street, Suite 201 Vancouver, WA 98660 360.699.4494 www.MAJCRE.com