924 North Avenue G, Clifton, TX 76634 - Matthews...927 North Avenue G Clifton, TX 76634 PRICE $999,999 PRICE/SF $38.67 GLA ±25,860 SF SITE SIZE ±3.24 Acres YEAR BUILT 2016 (New Construction)

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OFFERING MEMORANDUM

F O R M E R S H O P K OC L I F T O N , T X 7 6 6 3 4

EXCLUSIVELY LISTED BY:BROKER OF RECORDKyle MatthewsLicense No. 9005919 (TX)

PETER SMELKOAssociate

DIR +1 (214) 692-2186MOB +1 (972) [email protected]

License No. 700049 (TX)

924 N Avenue G | Clifton, TX2

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4INVESTMENT SUMMARY

5PROPERTY OVERVIEW

6SURROUNDING TENANTS

8AREA OVERVIEW

F O R M E R S H O P K O

C L I F T O N , T X 7 6 6 3 4

3924 N Avenue G | Clifton, TX

INVESTMENT HIGHLIGHTS

▶ Value Add Investment Opportunity

▶ Great Visibility and Access from N Avenue G located across the street from the only grocer in the market

▶ Surrounded by national retailers in the immediate vicinity including Brookshire’s Grocery, Tractor Supply, Dollar General, Subway, and Dairy Queen

▶ Can be acquired well below the cost of replacement at $38.67/SF

▶ Newly built in 2016 making it one of the newest developed Former Shopkos currently on the market with no short term deferred maintenance

INVESTMENT SUMMARY

ADDRESS 927 North Avenue GClifton, TX 76634

PRICE $999,999

PRICE/SF $38.67

GLA ±25,860 SF

SITE SIZE ±3.24 Acres

YEAR BUILT 2016 (New Construction)

DEMOGRAPHICS

3-MILE 7-MILE 10-MILE

POPULATION 3,920 5,090 6,515

HOUSEHOLDS 1,536 2,008 2,566

HH INCOME $69,403 $71,809 $72,702

OFFERING SUMMARYMatthews Real Estate Investment Services is pleased to offer the opportunity to acquire the fee simple interest in the freestanding former Shopko building located along N Avenue G in Clifton, TX. The property is strategically located on the main thoroughfare through Clifton and is a newly constructed building being built in 2016. When comparing this asset to all the former Shopkos currently on the market, the Clifton location is the newest construction asset available. Surrounding retailers in the immediate vicinity include Brookshire’s Grocery, Tractor Supply, Dollar General, Subway, Dairy Queen, and a local Chevrolet/Buick/GMC car dealership.

Clifton, TX is the largest city in Bosque County with nearly 15,000 people in the Retail Trade Area. The subject property is located only 35 miles from Waco, TX (the home of Baylor University) and 96 miles from Dallas-Ft. Worth. Acquiring this asset provides an investor with an excellent opportunity to create significant value by acquiring a brand new construction building well below the cost of replacement.


PROPERTY OVERVIEW

▶ PROPERTY ADDRESS 927 North Avenue G, Clifton, TX

▶ GLA± 25,860 SF

▶ SITE SIZE±3.24 AC

▶ APNR00736

▶ YEAR BUILT2016

▶ FRONTAGE & ACCESSNorth Avenue G

PROPERTY DESCRIPTION


AERIAL


AERIAL


AREA OVERVIEW

CLIFTON, TXClifton is a rare, small-town gem which offers a little bit of everything for those wishing to leave the stress of city life for a relaxing, fun-filled time in a nostalgic country setting. Clifton is in a central location, only 30 minutes away from Waco and midway between Dallas/Fort Worth and Austin at the top of the beautiful Texas Hill Country.

140,222POPULATION

$126,000MEDIAN HOME PRICE

$61,333AVG. ANNUAL SALARY

WACO, TXWaco is a city in central Texas, located less than 30 miles to the SE of Clifton and is the nearest large city that is also home to Baylor University. By the Brazos River, Cameron Park Zoo is home to lions, otters and meerkats. The Texas Ranger Hall of Fame and Museum traces the history of the state law enforcement agency and displays vintage badges and weapons. The Dr Pepper Museum pays homage to the famed, locally invented soft drink. The Waco Mammoth National Monument is a fossil site home to the bones of Columbian mammoths.

Waco offers enough to keep visitors busy for days. Mountain bike or hike in Cameron Park, shop downtown where visitors will find Magnolia Market, antique stores, and wonderful local finds. Stroll through the cultural and historic district that extends from Austin Avenue through Elm Avenue, across the mighty Brazos River. Walk across the historic Suspension Bridge, built in 1870, where the clopping hooves of cattle followed the Chisholm and Shawnee Trails up north.

ECONOMYThe City of Waco is taking many important steps in order to foster economic growth in the city and surrounding region, transforming Waco into an increasingly attractive destination for new businesses, tourists, and workers looking to relocate. Though any city can unilaterally take steps to encourage growth in their area, both the private and public sectors must work together in order to generate sustainable economic growth. Waco currently has many key initiatives in place which, combined with the city’s unique characteristics, have great potential to produce susta ined growth in the area.

Schulman’s Movie Bowl Grille bills the upcoming Waco location as “the largest multilevel family entertainment center in the state” with a myriad of amenities such as dine-in movie theaters, 30 lanes of bowling, and amusements such as virtual reality and arcade games, ping pong, pool tables and axe throwing. Across I-35 near South Loop 340, the 90,000-square-foot Schulman’s Movie Bowl Grille will anchor a development slated to high-end retail, restaurants and a hotel and conference center.

WACO, TX


This Offering Memorandum contains select information pertaining to the business and affairs of Former Shopko located at 927 North Avenue G, Clifton, TX 76634 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence; and3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or

manner detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

CONFIDENTIALITY AGREEMENT & DISCLOSURE


OFFERING MEMORANDUM

EXCLUSIVELY LISTED BY:

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PETER SMELKOAssociate

DIR +1 (214) 692-2186MOB +1 (972) 979-3349

[email protected]


F O R M E R S H O P K OC L I F T O N , T X 7 6 6 3 4

BROKER OF RECORDKyle Matthews


11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, 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 informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon 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 wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon 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 wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen 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 instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng 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 transacƟon 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 duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon 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 noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

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

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

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

Date

Kyle Matthews/Matthews Retail Group Inc. 678067 [email protected] (310) 919-5757

Kyle Matthews 678067 [email protected] (310) 919-5757

Documents

924 North Avenue G, Clifton, TX 76634 - Matthews...927 North Avenue G Clifton, TX 76634 PRICE $999,999 PRICE/SF $38.67 GLA ±25,860 SF SITE SIZE ±3.24 Acres YEAR BUILT 2016 (New Construction)