INVESTMENT OPPORTUNITY · 2019-03-08 · Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants,

SH-6 (Alvin Bypass) & SH-35 | Alvin, Texas 77511

ALVIN CROSSING CENTER ALVIN, TEXAS

INVESTMENT OPPORTUNITY

2 SH-6 (Alvin Bypass) & SH-35 | Alvin, Texas 77511

ALVIN CROSSING CENTER

Weitzman Group is pleased to present AlvinCrossing Center for your investment consideration. It is a 10,450 square foot retail center on a 1-acre parcel located in Alvin, TX and at one of the best intersections in the Greater Southeast Houston area, Highway 6 and Route 35. This intersection is the main shopping area forresidents of Alvin, making it highly desirable for national and regional retailers. Retailers located at this intersection include Walmart, Home Depot, Starbucks, Dollar Tree, Firehouse Subs, Burger King, National Tire & Battery and a new Chick-fil-A is expected to open in late 2019 or early 2020.

Alvin Crossing Center gives investors a great opportunity to purchase a retail center for below $3 million at the main intersection of a growing market, national/regional retailers, and below market rent.


EXECUTIVE SUMMARY

Alvin has been one of the fastest growing submarkets in Texas. The city has 1,000 residential lots in planning or currently under development. There are also 7 residential developments with on-going with expansions. Alvin is a popular town to call home due to its close proximity to employment hubs such as the Houston Medical Center, Downtown Houston, Sugar Land, and thousands of industrial jobs located in the Greater Southeast Houston Area. Overall, the income demographics are very appealing to retailers with an average household income of $90,216 and average age of 38 years old. In addition, the retail trade area is expected to grow by 8% over the next 5 years.

Alvin Crossing gives investors the opportunity to purchase a retail center below $300 per square foot along with having great national and regional tenants. Check n Go, Leslie’s Pool and Spas, and Accent Dental have been tenants in the center for 6 years or longer, and the T-Mobile store is a strong franchisee with over 100 locations. The average rent in the center is below $20 per square foot, well below market rent of approximately $24, giving investors the opportunity to increase rents to market over time.

Address: 161 N Bypass 35, Alvin, Texas 77511

Location: NWQ Highway 6 & Bypass 35

Property Type: Retail Center

GLA: 10,450 SF

Land Area: 1 acre

Pricing:

Cap Rate:

$2,900,000.00 ($277.51 PSF)

7.00%

PROPERTY DETAILS | PRICING

OPPORTUNITY


LOCATION


PROPERTY AERIAL


The information was obtained from sources deemed reliable; however, Weitzman has not verified it and makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this real estate informationis subject to errors; omissions; change of price; prior sale or lease, or withdrawal without notice. You and your advisors should conduct a careful independent investigation of the property to determine if it is suitable for your intended purpose.

ALVIN CROSSING | 161 N Bypass 35, Alvin, TX 77511

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1,500 SF

1,200 SF

VACANT1,365 SF

3,010 SF

2,880 SF

SURVEYSITE PLAN

DISCLAIMER | CONTACTS

EVAN ALTEMUSAssistant Vice [email protected] 214.720.6635M 832.819.8859

CONTACTS:

Weitzman is the trade name of Weitzman Management Corporation,a regional realty corporation.

This real estate presentation has been prepared for information purposes only, and does not purport to contain all the information necessary to reach a purchase decision for the property described herein (the “Property”). The information contained herein ( the “Information”) has been carefully compiled, but not independently verified by the Seller or Weitzman, and there is no representation, warranty or guarantee whatsoever as to its completeness or accuracy.

Any potential Purchaser shall rely entirely on its own information, judgment and inspection of the Property and its records, and neither the Seller nor Weitzman assume any liability whatsoever for errors or omissions in the Information or any other data provided in connection with the Property. Each potential Purchaser and any party related thereto agrees that neither Seller not Weitzman shall have any liability for any reason, whether for negligence or gross negligence, from the use of the Information by any person in connection with the purchase of or any other investment in the Property by a Purchaser or any other party related thereto.

Neither the Seller nor Weitzman has any liability whatsoever for any oral or written representations, warranties or agreements relating to the Property except as expressly setforth by any such party in any contract of sale executed in connection with the Property.

This presentation is subject to changes by the Seller as to price or terms, to prior sale, to withdrawal of the Property from the market, and other events beyond the control of the Seller and Weitzman.

BRETT [email protected] 713.781.7111M 713.868.7111

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

REGULATED BY THE TEXAS REAL ESTATE COMMISSION INFORMATION AVAILABLE AT WWW.TREC.TEXAS.GOV

IABS 1-011-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage

actives, including acts performed by salesagents 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 on 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 listening 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 the 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 andbuyer) 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:

° 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.

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.

Weitzman 402795 [email protected] 214-954-0600Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone

Robert E. Young, Jr. 292229 [email protected] 214-720-6688Designated Broker of Firm License No. Email Phone

License No. Email PhoneLicensed Supervisor of Sales Agent/ Associate

Evan Altemus [email protected] 214-720-6635

Sales Agent/Associate’s Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

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

REGULATED BY THE TEXAS REAL ESTATE COMMISSION INFORMATION AVAILABLE AT WWW.TREC.TEXAS.GOV

IABS 1-011-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage

actives, including acts performed by salesagents 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

on 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 par es 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 listening 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 the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es 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 par es to the transaction

impartially and fairly;• May, with the par es’ written consent, appoint

a different license holder associated with the broker to each party (owner andbuyer) 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:

° 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.

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.

Weitzman 402795 [email protected] 214-954-0600Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone

Robert E. Young, Jr. 292229 [email protected] 214-720-6688Designated Broker of Firm License No. Email Phone

James Nathan Namken 477965 [email protected] 713-781-7111License No. PhoneLicensed Supervisor of Sales Agent/ Associate

Brett Sean Levinson 668412

Email

[email protected] 713-980-5631Sales Agent/Associate’s Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

INVESTMENT OPPORTUNITY · 2019-03-08 · Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants,

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