SAN ANTONIO, TX
2FINANCIAL ANALYSIS CHRISTIAN BROTHERS AUTOMOTIVE - SAN ANTONIO, TXPRICING & FINANCIAL ANALYSIS Christian Brothers Automotive 14546 Potranco Rd San Antonio, TX 78253 For Financing Options Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) gholley@highstcapital.com714.514.2990 OFFERING SUMMARY Price $4,275,000 Cap Rate 5.25% Net Operating Income $224,400 Year Built 2021 Gross Leasable Area 4,959SF Lot Size 0.86 Acres LEASE SUMMARY Lease Term 15 Years Lease Commencement At Close Of Escrow Lease Expiration 15 Years from COE Remaining Term 15 Years Lease Type NNN Roof & Structure Tenant Increases 1.5% Starting in Year 6 Options 5 x 10 Year Options to Purchase No ANNUALIZED OPERATING DATA Year(s) Annual Increase Years 1-5 $224,400Year 6 $227,766 1.50% Year 7 $231,182 1.50% Year 8 $234,650 1.50% Year 9 $238,170 1.50% Year 10 $241,743 1.50% Year 11 $245,369 1.50% Year 12 $249,049 1.50% Year 13 $252,785 1.50% Year 14 $256,577 1.50% Year 15 $260,425 1.50% NET OPERATING INCOME $224,400
Christian Brothers is progressing on a growth initiative that has already taken their brand to over 250 stores throughout the southeast, lower midwest and southwest United States as of 2022.
CHRISTIAN BROTHERS AUTOMOTIVE - SAN ANTONIO, TXTENANT OVERVIEW COMPANY SUMMARY Company Christian Brothers Automotive Ownership Private Market Cap See Agent for Details Sales Volume See Agent for Details Number of Locations 250+ Years in Business 40+ Years Headquarters Houston, TX Website www.cbac.com
Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service.
4PROPERTY DESCRIPTION CHRISTIAN BROTHERS AUTOMOTIVE - SAN ANTONIO, TXINVESTMENT HIGHLIGHTS Estimated Vehicles Per Day AverageIncomeHousehold Population: 5 Mile Radius 58,296 $110,99532,213 SNAPSHOT• Long-Term Absolute Triple-Net Lease • Zero Landlord Responsibility • 15-Year Primary Term with Options up to 65 Years • One and One-Half Percent Annual Rent Escalations Starting in Year 6 • Strong Corporate Guarantee • Christian Brothers started in 1982, is Growing at 20-25 Locations per Year, Currently Has Over 250 Locations and Never Closed a Store • Situated near the Intersection of Portranco Rd and Texas Research Pkwy, which sees over 32,000 Vehicles per Day • The Population Within a 5-Mile Radius is over 58,000 People • The Average Household Income is over $110,000 - More Than 1.5x the National Average • Surrounding Retailers Include; HEB, Whataburger, Anytime Fitness, Starbucks, Popeyes, Jeresey Mike’s, Burger King, McDonalds, Twin Liquors and More
5PROPERTY DESCRIPTION CHRISTIAN BROTHERS AUTOMOTIVE - SAN ANTONIO, TXELEVATION Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location.
6PROPERTY DESCRIPTION CHRISTIAN BROTHERS AUTOMOTIVE - SAN ANTONIO, TXSITE PLAN Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location.
7PROPERTY DESCRIPTION CHRISTIAN BROTHERS AUTOMOTIVE - SAN ANTONIO, TXAERIAL MAP PORTRANCO RD TEXASRESEARCHPKWY 17,717 VPD VPD14,496 COMMERCIALFUTURE COMMERCIALFUTURE DEVELOPMENTWEINGARTEN
8PROPERTY DESCRIPTION CHRISTIAN BROTHERS AUTOMOTIVE - SAN ANTONIO, TXLOCAL MAP
San Antonio is the seventh-most populated city in the United States and the second-most populated city in the state of Texas, with more than 1.4 million residents. The city is located in the American Southwest, the south–central part of Texas, and the southwestern corner of an urban region known as the Texas Triangle. San Antonio is the center of the San Antonio–New Braunfels Metropolitan Statistical Area. Commonly called Greater San Antonio, the metro area has a population of 2,558,143 based on the 2020 U.S. census estimate, making it the 24th-largest metropolitan area in the United States and third largest in Texas. Growth along the Interstate 35 and Interstate 10 corridors to the north, west and east make it likely that the metropolitan area will continue to expand. With a median home price of $291,000, 16 area colleges and universities, and a cost of living equal to eight points below the national average, San Antonio is one of the top five most affordable big cities in the Sancountry.Antonio is experiencing economic growth in 21st century industries such as bioscience and healthcare, aerospace, IT and cybersecurity, financial services, manufacturing, and green technologies. Biotech companies and healthcare systems contribute billions to the local economy. The Aerospace industry remains a dominant economic strength with the presence of several aviation and aerospace corporations, including the military. The city is also a cybersecurity hub; nationally recognized as a leader in the field of information security. San Antonio is positioning itself to be at the forefront of the New Energy Economy, committed to investing and creating employment opportunities in green industries. A diverse range of target industries combined with a strong military community give Greater San Antonio a competitive edge, creating 1.16 million jobs, 126,000 employers, and a $140 billion GRP. The area was ranked No. 7 in a ranking of large metros with the most growth in high-paying jobs over the last half decade. According to the study published by Stessa, the metro region had a 163% increase in six-figure jobs from 2015 to 2020, the largest percentage increase among Texas cities. DoD assets, innovations in cybersecurity and bioscience, diverse manufacturing industry, competitive real estate, R&D opportunities, and pool of professionals have allowed San Antonio to achieve staying power as one of the most attractive environments for business. San Antonio has a GDP of approximately $121 billion, ranking the city 32nd in the U.S.
9MARKET OVERVIEW CHRISTIAN BROTHERS AUTOMOTIVE - GOODYEAR, AZ
San Antonio, TX
OVERVIEW
10MARKET OVERVIEW CHRISTIAN BROTHERS AUTOMOTIVE - GOODYEAR, AZDEMOGRAPHIC STATISTICS Demographic data © CoStar 2022 1 Mile 3 Mile 5 Mile Population2010Population 1,445 11,369 37,904 2022 Population 3,025 17,860 58,296 2027 Population Projection 3,442 19,907 64,794 Annual Growth 2010-2022 9.10% 4.80% 4.50% Annual Growth 2022-2027 2.80% 2.30% 2.20% Median Age 35.2 34.7 34.9 Bachelor's Degree or Higher 37% 36% 33% U.S. Armed Forces 110 544 1,568 Population by Race White 2,485 14,711 47,300 Black 281 1,669 6,189 American Indian/Alaskan Native 34 201 677 Asian 130 685 2,083 Hawaiian & Pacific Islander 11 66 178 Two or More Races 83 528 1,869 Hispanic Origin 1,370 8,384 29,846 HousingMedian Home Value $276,956 $263,668 $242,886 Median Year Built 2010 2007 2007 1 Mile 3 Mile 5 Mile Households:2010Households 506 3,747 12,067 2022 Households 1,127 6,191 19,110 2027 Household Projection 1,285 6,919 21,256 Annual Growth 2010-2022 9.50% 5.10% 4.60% Annual Growth 2022-2027 2.80% 2% 2.20% Owner Occupied 821 4,996 16,453 Renter Occupied 464 1,923 4,803 Avg Household Size 2.6 2.8 3 Avg Household Vehicles 2 2 2 Total Consumer Spending $41.3M $233.2M $712M IncomeAvgHousehold Income $110,995 $110,625 $106,847 Median Household Income $95,979 $95,869 $92,233 < $25,000 63 375 1,264 $25,000 - 50,000 118 597 2,054 $50,000 - 75,000 216 1,262 3,705 $75,000 - 100,000 199 1,032 3,673 $100,000 - 125,000 169 930 2,939 $125,000 - 150,000 133 711 1,972 $150,000 - 200,000 149 848 2,212 $200,000+ 81 436 1,291
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
CONFIDENTIALITY AGREEMENT
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE.
STRIVE hereby advises all prospective purchasers of Net Leased property as follows:
By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
Net Lease Disclaimer
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer ’s agent.
• Must treat all parties to the transaction impartially and fairly;
TYPES OF REAL ESTATE LICENSE HOLDERS:
• May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and • buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.
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• Put the interests of the client above all others, including the broker ’s own interests;
A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
• Answer the client’s questions and present any offer to or counter-offer from the client; and
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
Information About Brokerage Services
IABS 1-0
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller ’s agent.
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A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
• Must not, unless specifically authorized in writing to do so by the party, disclose: that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.
• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
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A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
• Inform the client of any material information about the property or transaction received by the broker;
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Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
• Treat all parties to a real estate transaction honestly and fairly.
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