Sul Mar Center - Bryan, TX

SUL MAR CENTER BRYAN, TX

(BRYAN-COLLEGE STATION MSA)

PRI C I N G & FI N A NC IA L ANALYS IS

SU L M AR C E NT E R - B RYAN, T X

Sul Mar Center 1100 Briarcrest Dr Bryan, TX 77802

OFFERING SUMMARY Price Cap Rate Net Operating Income Price PSF Occupancy Year Built

$3,475,000 7.75% $269,138 $122.95 100% 1970

Gross Leasable Area

28,263 SF

Lot Size

4.21 Acres

F I N A N C I A L A N A LY S I S

2

PRI C I N G & FI N A NC IA L ANALYS IS

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space GROSS POTENTIAL RENT

100%

SU L M AR C E NT E R - B RYAN, T X

CURRENT

PSF

$343,740

$12.16

$343,740

$12.16

Expense Reimbursements

EXPENSES

CURRENT

PSF

Real Estate Taxes

$44,401

$1.57

Insurance

$18,830

$0.67

CAM

$33,634

$1.19

$10,094

$0.36

$106,959

$3.78

Real Estate Taxes

$13,432

$0.48

Management Fee

Insurance

$5,696

$0.20

Total Expenses

CAM

$10,175

$0.36

Management Fee

$3,054

$0.11

$32,357

$1.14

GROSS POTENTIAL INCOME

$376,097

$13.31

EFFECTIVE GROSS REVENUE

$376,097

$13.31

Real Estate Taxes

($44,401)

($1.57)

Insurance

($18,830)

($0.67)

CAM

($33,634)

($1.19)

Management Fee

($10,094)

($0.36)

($106,959)

($3.78)

$269,138

$9.52

Total Expense Reimbursements

2.68%

Operating Expenses

Total Recoverable Expenses Net Operating Income

For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com

F I N A N C I A L A N A LY S I S

3

RE NT RO L L

SU L M AR C E NT E R - B RYAN, T X

Suite

Tenant

SQ FT

% of SQFT

Start

End

Annual Rent

PSF

Lease Type

1

Physicians Home Medical

3348

11.85%

10/1/2006

9/30/2026

$28,200

$8.42

Gross

2

Scrubtopia

1800

6.37%

11/1/2021

10/31/2024

$26,700

$14.83

Gross

3

Institute of Modern Barbering

3000

10.61%

5/18/2017

6/30/2022

$36,000

$12.00

Gross

4

Life Point Church

5850

20.70%

6/1/2018

8/31/2023

$60,000

$10.26

Gross

5

American Momentum Bank

4050

14.33%

1/1/2008

1/31/2028

$48,600

$12.00

NNN

6

Arents Family Dentistry

4500

15.92%

1/1/2019

12/31/2023

$52,800

$11.73

NNN

7

Ingram & Wallis

5715

20.22%

4/1/2021

4/20/2022

$91,440

$16.00

Gross

Occupied

28,263

100%

$343,740

$12.16

Total

28,263

100%

F I N A N C I A L A N A LY S I S

4

TE NA NT INF ORMAT I ON

SU L M AR C E NT E R - B RYAN, T X

DBA

American Momentum Bank

Locations

30

Public/Private

Private

Line of Business

American Momentum Bank values long-term relationships with business professionals in many industries — and exists to serve their clients and communities with practical and intelligent financial solutions. From their founding in 2006, through expansion from Texas to central and south Florida, American Momentum Bank has continued to bring in the best talent in the financial services industry.

DBA

Physicians Home Medical Equipment

Public/Private

Private

Line of Business

Physicians Home Medical Equipment is a retail outlet of Physicians Home Medical Equipment, Inc, its parent company, in Bryan, Texas. Physicians Home Medical Equipment sells a total of 24 Medicare chargeable items.

DBA

Arents Family Dentistry

Public/Private

Private

Line of Business

Arents Family Dentistry has provided personalized dental care to thousands of families in Bryan College Station, Texas. Their services include bonding, dental cleaning, dentures, fillings, lumineers and many more. They pride themselves on being a dental office in Bryan College Station, Texas that offers “Big City Benefits” with that “Small Town Feel.” With their staff of two doctors, they are able to meet your needs in nearly all aspects of dentistry for your entire family.

PROPERTY DESCRIPTION

5

TE NA NT INF ORMAT I ON

SU L M AR C E NT E R - B RYAN, T X

DBA

Life Point Church

Public/Private

Private

Line of Business

Life Point Church is a christain and dynamic church that offers relevant teaching and music as part of each and every service. Located in Bryan, Texas, their services feature something for everyone.

DBA

Ingram & Wallis

Public/Private

Private

Line of Business

Ingram, Wallis & Company offers accounting solutions for the business you’re in. Whether you’re a large company or a not-so-large company, there is an Ingram, Wallis & Company solution for you - and it’s grounded in over 40 years of working with the best-run businesses in your industry.

DBA

Institute of Modern Barbering

Public/Private

Private

Line of Business

The goal of the Institute of Modern Barbering is to provide a complete educational and training program that includes all services that may be requested by the clientele of professional barbershops and salons. They provide the knowledge designed to attain occupational competency, which will lead to gainful employment.

DBA

Scrubtopia

Public/Private

Private

Line of Business

Scrubtopia provides apparel, accessories and footwear for medical professionals in a vareity of styles.

PROPERTY DESCRIPTION

6

I N VE S TMENT HI GHLI GHT S

SU L M AR C E NT E R - B RYAN, T X

• Great Visibility and Directly Down the Street from H-E-B via E Villa Maria Rd (~0.25 Miles) • Internet Resistant Tenant Mix in a Highly Trafficked Retail Corridor. The property is also Located Near St. Joseph Regional Hospital • Low Price Per Square Foot at $114/SF and the Property was Redeveloped in 2007 • The Intersection on North Side of the Center Allows Motorists to Enter Directly into the Center from E Villa Maria Blvd, and Allows for a Left Turn Into Center Off Briarcrest Dr • Surrounding National Retailers Include H-E-B, Dollar Tree, Walgreens, Starbucks, Marshalls, Boot Barn, GNC, Whataburger, CVS, Aldi, and Many More

PROPERTY DESCRIPTION

7

1100 BRIARCREST DRIVE, BRYAN, TEXAS 77802 S I T E PL A N

SU L M AR C E NT E R - B RYAN, T X

5,8V2AILABLE

4

5

CARE PLUS DENTAL

CARE PLUS DENTAL

MODERN INSTITUTE& BEAUTY BARBER

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KEY HIGHLIGHTS

P

A PROPERTY DESCRIPTION

8

A E R I AL MA P

SU L M AR C E NT E R - B RYAN, T X

BRYAN HIGH SCHOOL

BRYAN COLLEGIATE HIGH SCHOOL

MARY CATHERINE HARRIS SCHOOL

REST DR

3 4 ,0

00 V

PD

B R IA RC

ROSS ELEMENTARY SCHOOL

MARKET OVERVIEW

9

LO C AL MA P

SU L M AR C E NT E R - B RYAN, T X

MARKET OVERVIEW

10

REG IONA L MA P

SU L M AR C E NT E R - B RYAN, T X

MARKET OVERVIEW

11

M A R KET S U MMARY

SU L M AR C E NT E R - B RYAN, T X

Bryan–College Station, TX

OVERVIEW Bryan–College Station is a metropolitan area centering on the twin cities of Bryan and College Station in the Brazos Valley region of Texas. The College Station–Bryan Metropolitan Statistical Area (MSA) is north of both Houston and Austin. The 2019 population estimate placed the population of the three-county metropolitan area at 273,101, making it the 13th-largest metropolitan area in Texas. The MSA encompasses three counties: Brazos, Burleson and Robertson.

College Station is home to the main campus of Texas A&M University, the flagship institution of the Texas A&M University System. Texas A&M has a student enrollment of over 69,000 students, making it second-largest public American university. Consequently, area’s economic and social life is centered on the university, and the Bryan–College Station MSA is popularly known as “Aggieland” in reference to the Aggies nickname for the university’s sports teams and students.

The city of College Station owes both its name and existence to the university’s location along a

railroad. Texas A&M’s triple designation as a Land, Sea-, and Space-Grant institution reflects the broad scope of the research endeavors it brings to the city, with ongoing projects funded by agencies such as NASA, the National Institutes of Health, the National Science Foundation, and the Office of Naval Research.

Due largely to the presence of Texas A&M University, College Station was named by Money magazine as the most educated city in Texas, and the 11th-most educated city in the United States.

Other attractions in Bryan-College Station include the nationally recognized George H.W. Bush Presidential Library and Museum, the Museum of the American G.I., Brazos Valley African American Museum (which is one of only three in the state dedicated to African American heritage) and the Brazos Valley Museum of Natural History.

College Station is also home to the Post Oak Mall, which is currently the largest mall in the Brazos Valley. The 82-acre mall is home to 125 stores.

MARKET OVERVIEW

12

D E M OG RA PHIC STAT I ST I CS

SU L M AR C E NT E R - B RYAN, T X

1 Mile

3 Mile

5 Mile

Population

1 Mile

3 Mile

5 Mile

Households:

2010 Population

10,031

81,948

142,186

2010 Households

4,395

29,011

53,184

2020 Population

10,590

89,553

162,726

2020 Households

4,737

31,906

61,315

2025 Population Projection

11,010

93,150

170,689

2025 Household Projection

4,940

33,371

64,553

Annual Growth 2010-2020

0.50%

0.80%

1.30%

Annual Growth 2010-2020

0.80%

1.50%

1.90%

Annual Growth 2020-2025

0.80%

0.80%

1.00%

Annual Growth 2020-2025

0.90%

0.90%

1.10%

Median Age

35.3

26.3

26.3

Owner Occupied

2,178

12,074

23,603

Bachelor's Degree or Higher

35%

30%

34%

Renter Occupied

2,762

21,297

40,950

1

104

155

Avg Household Size

2.2

2.4

2.4

2

2

2

$128.6M

$802.2M

$1.6B

Avg Household Income

$76,636

$62,843

$64,291

Median Household Income

$55,784

$46,238

$44,896

U.S. Armed Forces

Avg Household Vehicles

Population by Race

Total Consumer Spending

White

8,855

68,939

125,894

Black

1,241

11,458

21,360

American Indian/Alaskan Native

84

740

1,223

Asian

161

6,166

10,372

Hawaiian & Pacific Islander

21

175

245

< $25,000

842

9,087

18,997

228

2,075

3,631

$25,000 - 50,000

1228

7,782

13,929

2,657

30,489

49,002

$50,000 - 75,000

913

6,009

10,507

$75,000 - 100,000

689

3,932

7,353

Two or More Races Hispanic Origin

Housing Median Home Value Median Year Built

Demographic data © CoStar 2021

Income

$197,729

$175,594

$195,746

$100,000 - 125,000

351

1,762

3,316

1974

1983

1988

$125,000 - 150,000

216

1,366

2,703

$150,000 - 200,000

218

818

1,843

$200,000+

280

1,151

2,666

MARKET OVERVIEW

13

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. 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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Commercial Disclaimer STRIVE hereby advises all prospective purchasers of commercial property as follows: 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.

As the Buyer of a commercial 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 commercial 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 commercial 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 tenants 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 tenants 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 leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

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 commercial property.

Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.

• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: 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.

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.

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: • Must treat all parties to the transaction impartially and fairly; • 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.

• Must not, unless specifically authorized in writing to do so by the party, disclose: ӽ that the owner will accept a price less than the written asking price; ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽ 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.

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.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • 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.

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.

Regulated by the Texas Real Estate Commission

Information available at www.trec.texas.gov IABS 1-0

exclusively listed 469.844.8880

STRIVERE.COM