Running Water Draw - Plainview, TX

Pricing Analysis

R u nnin g Water Draw P l ai nview, T X

R U N N I N G WAT E R D R AW

Running Water Draw 1701 W 5th St Plainview, TX 79072

OFFERING SUMMARY Price Cap Rate Net Operating Income Price PSF

INCOME & EXPENSES

CURRENT

PSF

$2,350,000

Base Rent - Occupied Space

52%

$170,030

$8.55

6.00%

Base Rent - Lease Up Space

48%

-

-

$170,030

$4.44

$140,828

GROSS POTENTIAL RENT

$61 PSF

Expense Reimbursement

Occupancy

52%

Real Estate Taxes

$16,898

$0.44

Year Built

1961

Insurance

$8,747

$0.23

Gross Leasable Area

38,280 SF

CAM

$5,454

$0.14

Acres

2.65 Acres

Management Fee

$1,204

$0.03

Total Expense Reimbursements

$32,303

$0.84

GROSS POTENTIAL INCOME

$202,333

$5.29

EFFECTIVE GROSS INCOME

$202,333

$5.29

Real Estate Taxes

($24,326)

($0.64)

Insurance

($19,000)

($0.50)

CAM

($12,104)

($0.32)

($6,075)

($0.16)

($61,505)

($1.61)

$140,828

$3.68

Expenses

Running Water Draw

Management Fee Total Expenses

NET OPERATING INCOME

WILL SCHUBERT

(949) 933-0195 | WSchubert@SummitRE.io

HUDSON LAMBERT

(602) 930-3833 | HLambert@SummitRE.io

3.00%

R U N N I N G WAT E R D R AW

RENT ROLL Suite

Tenant

Sq Ft

% of SQ FT

Start

End

Annual Rent

PSF

Escalation Date

Escalation Amount

Options

Lease Type

1701

Vacant

9,282

24.25%

-

-

-

-

-

-

-

-

1703

Vacant

5,118

13.37%

-

-

-

-

-

-

-

-

1707

Little Ceasar's

2,800

7.31%

3/1/2013

1/31/2029

$16,800

$6.00

2/1/2027

$17,304

-

NNN+10%AF

1711

Vacant

4,000

10.45%

-

-

-

-

-

-

-

-

1715-1717

Goodwill

7,000

18.29%

2/1/2007

1/31/2032

$57,050

$8.15

-

-

1x5

NNN

1713

Dollar General

10,080

26.33%

11/1/2005

10/31/2031

$95,760

$9.50

-

-

-

NNN+3% CAM

Occupied

19,880

51.93%

$160,560

$17.08

Vacant

18,400

48.07%

Total

38,280

100%

*Analysis Start Date is 12/01/2025 and Takes Into Consideration a 1 Year Hold From This Date

WILL SCHUBERT

(949) 933-0195 | WSchubert@SummitRE.io

HUDSON LAMBERT

(602) 930-3833 | HLambert@SummitRE.io

$170,030*

R U N N I N G WAT E R D R AW

Value Analysis

CONSERVATIVE

ANTICIPATED

AGGRESSIVE

$2,170,000 6.50% Cap

$2,255,000 6.25% Cap

$2,350,000 6.00% Cap

YEAR BUILT 1961

NOI $140,828

STRENGTHS

- Recent Lease Renewals From Dollar General and Goodwill - Value Add Potential for Buyers

CHALLENGES

LEASE TYPES NNN

LOT SIZE 2.65 Acres

QUALIFICATIONS - Summit: Most Active CRE Team in Texas & Surrounding States - Track Record: We Close Transactions - Sold More Than 1,675 Properties - Summit Team Controls the Entire Process - Underwriting & Financial Analysts, Full Marketing Dept, Transaction Coordinators, and Team of Agents to Ensure High Probability of Closing - 100% Cooperation – More Buyers - More Offers = Higher Price - Ability to Source Qualified Debt Thru Peak Capital

- Smaller Market - Older Building

BUYER POOL - Local, Regional, National, & International Private Capital Buyers, Many of Whom are in 1031 Exchanges - Institutional Capital Targeting Quality, Stabilized Real Estate

RECOMMENDATIONS & TIMING - Sell Now to Take Advantage of the Current Market Before Interest Rates Increase Further and Capitalize on 1031 Buyers - If Awarded the Assignment, We Can Be on the Market Within One Week and Closed Within Our Average List-to-Close Time Frame of 5-6 Months

Market Insight

Results

iCLIMB

Snapshot

Our Track Record

Based in Texas

Our Team

SummitRE.io

Dallas, TX Houston, TX Costa Mesa, CA

(972) 860-9950