cimarron crossing - Capital Pacific tourism and petrochemicals industries, drives the local economy. Corpus Christi has a 24,019 acre Foreign Trade Zone, making it the largest in the

100% leased Newly Constructed Strip center

JOHN [email protected] | (415) 274-2715 CA BRE# 01440360

RICK [email protected] | (415) 274-2709 CA BRE# 01792433

BOB [email protected] | (415) 274-2717 CA BRE# 00869657

For more info on this opportunity please contact:

In conjunction with TX Licensed Brokers: Brad and Gavin Kam, Net Realty Advisors 972-661-8476 [email protected]

Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.

CHRIS [email protected] | (415) 274-2701 CA BRE# 01002010

cimarron crossing

6181 saratoga blvd, corpus christi, tx 78414

FULLY LEASED STRIP CENTER PAD TO THE MOST RECENTLY BUILT WALMART SUPERCENTER IN CORPUS CHRISTI, HOME OF THE 5TH LARGEST PORT IN THE COUNTRY AND TEXAS A & M CORPUS CHRISTI

RENTABLE SF . . . . 20,000 SF

PRICE PER SF . . . . $275.70

YEAR BUILT . . . . . . 2014

PRICE: $5,514,085CAP: 7.75%

INVESTMENT HIGHLIGHTSNew construction

Excellent trade area – other retailers in the immediate area include Kohl’s, Walgreens, Petco, Starbucks, HEB, Panda Express, McDonalds, and many others

Very strong market - oil and gas hub, multiple US military installations, renowned university, and a diversity of other industries

Established market that is continuing to exhibit explosive short term and long term growth in investment and population

Investment Highlights

Cimarron Crossing (FEE SIMPLE)

AREA RETAIL

LEASE HIGHLIGHTSReimbursement clauses for all costs – repairs, maintenance, replacements (including roof & structure), management fees, common area maintenance, and all other standard operating costs

Rents are at market or below market levels

No co-tenancy clauses with the other tenant’s in the strip center

Projected rent commencements are August 1, 2014

* CONTACT AGENT FOR LEASE ABSTRACTS. CIMARRON CROSSING | 2

Regional Map Property Locations

CIMARRON CROSSING

CIMARRON CROSSING DISTANCE

SAN ANTONIO . . .. . 143MIHOUSTON. . . . . . . . . 207MIAUSTIN. . . . . . . . . . . 217 MI

CIMARRON CROSSING | 3

Old Brownsville RoadSa

rato

ga B

oule

vard

Crosstown ExpresswayChapman Ranch Road

37

286

358

357

35

358

181

44

544

CIMARRON CROSSING

CABINESS FIELD

Galvan Elementary

Tom Browne Middle School

Cunningham Middle School

John Paul II High School

Moody High School

Mary Carroll High School

MOORE PLAZA

ISLAND GATE

PLAZA

LA PALMERA

SUNRISE MALL

SAN ANTONIO

Cimarron Crossing

22,9

98 D

AIL

Y

Corpus Christi Bay


Rent Roll

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. Buyer must verify the information and bears all risk for any inaccuracies.

Cimarron Crossing

Tenant Sq. Ft. Percent of GLA Lease Start Lease Expiration Monthly Base Rent Monthly Rent/SF Annual Rent/SF Annual Rent

THE CASH STORE 1,600 8.00% 8/1/2014 7/31/2019 $4,133 $2.58 $31.00 $49,600

Option 1 8/1/2019 7/31/2024 $4,547 $2.84 $34.10 $54,560

Option 2 8/1/2024 7/31/2029 $5,001 $3.13 $37.51 $60,016

Option 3 8/1/2029 7/31/2034 $5,501 $3.44 $41.26 $66,016

Option 4 8/1/2034 7/31/2039 $6,051 $3.78 $45.38 $72,608

WESTERN BEVERAGE 3,000 15.00% 8/1/2014 7/31/2019 $4,500 $1.50 $18.00 $54,000

Option 1 8/1/2019 7/31/2024 $4,950 $1.65 $19.80 $59,400

Option 2 8/1/2024 7/31/2030 $5,445 $1.82 $21.78 $65,340

TALL CITY VAPORWORKS 1,600 8.00% 8/1/2014 7/31/2019 $3,133 $1.96 $23.50 $37,600

Option 1 8/1/2019 7/31/2024 $3,447 $2.15 $25.85 $41,360

Option 2 8/1/2024 7/31/2029 $3,791 $2.37 $28.43 $45,488

Option 3 8/1/2029 7/31/2034 $4,171 $2.61 $31.28 $50,048

ROCKSTAR NAILS 2,400 12.00% 8/1/2014 7/31/2019 $5,150 $2.15 $25.75 $61,800

Option 1 8/1/2019 7/31/2024 $5,664 $2.36 $28.32 $67,968

PURE FITNESS SOLUTIONS 6,000 30.00% 8/1/2014 7/31/2019 $9,300 $1.55 $18.60 $111,600

Option 1 8/1/2019 7/31/2024 $10,230 $1.71 $20.46 $122,760

Option 2 8/1/2024 7/31/2029 $11,250 $1.88 $22.50 $135,000

CHILD CARE 1,800 9.00% 8/1/2014 7/31/2019 $3,240 $1.80 $21.60 $38,880

Option 1 8/1/2019 7/31/2024 $3,564 $1.98 $23.76 $42,768

Option 2 8/1/2024 7/31/2029 $3,921 $2.18 $26.14 $47,052

GNC 1,200 6.00% 8/1/2014 7/31/2019 $2,400 $2.00 $24.00 $28,800

Option 1 8/1/2019 7/31/2024 $2,640 $2.20 $26.40 $31,680

Option 2 8/1/2024 7/31/2029 $2,904 $2.42 $29.04 $34,848

PROCUTS 1,200 6.00% 8/1/2014 7/31/2019 $2,800 $2.33 $28.00 $33,600

Option 1 8/1/2019 7/31/2024 $3,080 $2.57 $30.80 $36,960

Option 2 8/1/2024 7/31/2029 $3,388 $2.82 $33.88 $40,656

THIRD COAST TAN 1,200 6.00% 8/1/2014 7/31/2019 $2,400 $2.00 $24.00 $28,800Current Totals: 20,000 100.00% Totals $444,680

Occupied 20,000 100.00%

* Contact agent for lease abstracts.

Actual Rent

10/31/2014 Capital Pacific Real Estate Brokerage Co.


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. Buyer must verify the information and bears all risk for any inaccuracies.

Income & Expense

Cimarron Crossing (FEE SIMPLE)

ACTUAL

Price: $5,514,085 PROPOSED LOAN SCENARIO: Capitalization Rate: 7.75% Loan Amount $3,859,859Price Per Square Foot: $275.70 Interest Rate 4.75%Down Payment 30% $1,654,225 Amortization 30 YearsLoan Amount (70% LTV) 70% $3,859,859 Term 10Total Leased (SF): 100.00% 20,000 Recourse Non-RecourseTotal Vacant (SF): 0.00% - Debt Service $241,618Total Rentable Area (SF): 20,000 Monthly Debt Service $20,135INCOME Per Square Foot Pre-Tax Cash Flow $185,723Scheduled Rent $22.23 $444,680 Debt Coverage Ratio 1.77CAM Recovery $5.58 $111,655 Pre-Tax Leveraged Cash-on-cash Return 11.23%EFFECTIVE GROSS INCOME $556,335 Principal Paydown (Year 1) $59,561Market Vacancy Reserve (Scheduled Rent) 3.00% ($16,690) Total Return $245,284ADJUSTED GROSS INCOME $539,645 Yield 14.83%EXPENSES Per Square FootCAM Expenses $1.55 $31,050Insurance $0.80 $16,000Taxes $2.15 $43,000Property Management Fee (4%) $1.11 $22,253TOTAL OPERATING EXPENSES $5.62 $112,303NET OPERATING INCOME $427,342

NOTE: Expenses CY 2014 Projections

CASH

FLO

W &

DEB

T SE

RVIC

E


Tenants

Cottonwood Financial

Cottonwood Financial is one of the largest privately held financial service providers in the retail consumer finance industry. We have over 330 company-owned locations, under our Cash Store brand, across the country. The company was named three times to the Inc. 5000 list of America’s fastest-growing private companies and five times to the Dallas 100 list of the fastest-growing private companies in North Texas. Cottonwood Financial has been profitable every year since inception and the company has zero debt. Cottonwoods growth is funded through internally generated capital and they plan to expand to 500 locations by the end of 2015

Tall City Vapor Works

Tall City Vapor Works is a Premier Electronic Cigarette supplier for Midland, Odessa , the Permian Basin, and Alice Texas. They carry a wide variety of vaporizers, rebuildable atomizers, Kanthal, Silica, and many other accessories for the advanced vaporizer user. Tall City Vapor Works offers a wide range of products by trusted manufacturers such as Smoktech and iJoy, and are constantly active in the market searching out and testing new products.

GNC

GNC Holdings, Inc., headquartered in Pittsburgh, PA, is a leading global specialty retailer of health and wellness products, including vitamins, minerals, and herbal supplement products, sports nutrition products and diet products, and trades on the New York Stock Exchange under the symbol “GNC.” As of December 31, 2013, GNC has more than 8,500 locations, of which more than 6,300 retail locations are in the United States. This includes 1,012 franchise and 2,215 Rite Aid franchise store-within-a-store locations and franchise operations in more than 50 countries.

ProCuts

ProCuts is a brand of the Regis Corporation. Nearly ten times larger than its nearest competitor, Regis Corporation is a Fortune 1000 company and the global leader in hair services and products. Regis currently operates approximately 10,000 hair salons and related businesses which serve over 160 million customers each year.

Western Beverage

Family-owned and operated WB Liquors(Western Beverages) was born in El Paso in the early 1960’s. Stores range in size from 2000 to 6000 sq ft and are located in convenient strip centers. All 15 of WB’s stores offer a clean shopping environment, exceptional customer service, and a full selection of liquor, beer, wine and associated items. WB offers customers the opportunity to purchase quality liquor without the hassle of navigating oversized stores.

Pure Fitness Solutions

Pure Fitness Solutions is a full service fitness GYM that offers “Optimum Performance Personal Training for Balanced Health” through the combination of certified personal trainers, a private access facility, and a clean, motivating environment. Pure Fitness Solutions provides classes such as “bootcamp” and “circuit training”, and guarantee results for specific programs.


Site Plan

20' 10' 20' 40' 60'

Cimarron Crossing

Rock Star Nails

Child Care


Photos

WALMART SUPERCENTER AREA RETAIL

AREA RETAIL OTHER PADS IN SHOPPING CENTER OF SUBJECT PROPERTY


Standing seam metal roof with 20 year warranty.

ROOF

EXTERIOR WALLS

Smoke alarms.

FIRE PROTECTION

FOUNDATION

Concrete with reinforced footings 5” reinforced concrete slab.

Storefront is insulated glass. Walls above storefront and endwalls are textured pre-fabricated panels.

HVAC

Individual HVAC units sized per individual tenant requirements.

Individual water meters provided for each tenant.

PLUMBING

Properties are ADA compliant.

AMERICANS WITH DISABILITIES

208/120 volt 3 phase service Individual electric meter for each tenant space.

ELECTRICAL

FRAMING WALLSWood or Metal studs. Finished gypsum board,

commercial plastics.

Construction Details Interior Description


CORPIS CHRISTI, TX OVERVIEW

Corpus Christi, the county seat of Nueces County, is a coastal city and the industrial center of South Texas. The Port of Corpus Christi is the fifth largest port in the nation by tonnage, and is the deepest inshore port on the Gulf of Mexico. This allows the port to service the oil industry, which along with the tourism and petrochemicals industries, drives the local economy. Corpus Christi has a 24,019 acre Foreign Trade Zone, making it the largest in the United States.

Corpus Christi maintains a diverse economy based on manufacturing, refining, aviation, business services, tourism, health care and government. The city has an unemployment rate of just 5.9% and has been recognized on multiple occasions for the low cost of doing business. Moody’s ranked the Corpus Christi region in the lowest 20% of metropolitan areas in workforce costs. Corpus Christi was ranked by Forbes Magazine as 46th out of 200 for the Low Cost of Doing Business and in 2013 ranked it the 4th Best Mid-Sized City for Jobs.

Corpus Christi also benefits from two United States military installations in the Corpus Christi Army Depot and the Naval Air Station Corpus Christi, which provide for thousands of civilian jobs. The city is also home to Texas A&M University-Corpus Christi and Del Mar College, hosting nearly 20,500 students annually, serving as a catalyst for providing a well skilled work force for the region.

Location & Demos

2013 HOUSEHOLD INCOMES

1-Mile 3-Mile 5-Mile

2010 13,901 97,471 164,2432012 14,456 101,502 168,4422018 15,371 108,001 176,682

1-Mile 3-Mile 5-Mile

Average $66,893 $70,248 $65,523Median $53,838 $54,853 $50,241

POPULATION

Employer # of Employees*Corpus Christi 5,178Christus Spohn Health Systems 5,144H.E.B. 5,000City of Corpus Christi 3,171*Approximate

TOP EMPLOYERS IN CORPUS CHRISTI


A unique HUMANRESULTS-DRIVEN client experience

THE CAPITAL PACIFIC EXPERIENCE - OUR DAILY COMMITMENT TO OUR CLIENTS

[ www .CapitalPacific .com ]

Copyright © 2014 [Capital Pacific Real Estate Brokerage Company]

JOHN [email protected] | (415) 274-2715 CA BRE# 01440360

RICK [email protected] | (415) 274-2709 CA BRE# 01792433

BOB [email protected] | (415) 274-2717 CA BRE# 00869657

For more info on this opportunity please contact:

In conjunction with TX Licensed Brokers: Brad and Gavin Kam, Net Realty Advisors 972-661-8476 [email protected]

CHRIS [email protected] | (415) 274-2701 CA BRE# 01002010


Documents

cimarron crossing - Capital Pacific tourism and petrochemicals industries, drives the local economy. Corpus Christi has a 24,019 acre Foreign Trade Zone, making it the largest in the