RETAIL PROPERTY FOR SALE EAST SIDE CENTER · 2019-04-26 · 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES Total population 2,034 24,038 67,273 Median age 37.7 34.7 33.3 Median age (male)

701 EAST MAIN STREET, TOMBALL, TX 77375

EAST SIDE CENTER

FRANCOIS LEFRANCOIS LE MICHAEL LEMICHAEL LE CHRIS BROWNCHRIS BROWNPrincipal Sr. Investment Executive Investment Executive713.996.8888 832.930.7886 [email protected] [email protected] [email protected]

PRESENTED BYPRESENTED BY

RETAIL PROPERTY FOR SALE

LE Commercial Real Estate | 11757 Katy Freeway, Suite 1300, Houston, TX 77079 | 713.996.8888 | le-commercial.com

© 2018, LE Realty Partners, LLC This information has been secured from sources we believe to be reliable, but LE Realty Partners, LLC or any affiliated companies, not limited to, all agents, independent associate, subsidiary, or employees make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information that bears all risk for any inaccuracies. This information is subject to change without notice

le-commercial.com

PROPERTY INFORMATION 3

LOCATION INFORMATION 8

DEMOGRAPHICS 12

CONFIDENTIALITY & DISCLAIMERCONFIDENTIALITY & DISCLAIMER

EAST SIDE CENTER

TABLE OF CONTENTS PG 2

CONTENTSCONTENTS

All materials and information received or derived from LE Commercial Real Estate its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability orsuitability, financial performance of the property, projected financial performance of the propertyfor any party’s intended use or any and all other matters.

Neither LE Commercial Real Estate its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness of the anymaterials or information provided, derived, or received. Materials and information from anysource, whether written or verbal, that may be furnished for review are not a substitute for aparty’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. LE Commercial Real Estate will not investigate or verify any suchmatters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documents andreports and consulting appropriate independent professionals. LE Commercial Real Estatemakes no warranties and/or representations regarding the veracity, completeness, or relevanceof any financial data or assumptions. LE Commercial Real Estate does not serve as a financialadvisor to any party regarding any proposed transaction. All data and assumptions regardingfinancial performance, including that used for financial modeling purposes, may differ fromactual data or performance. Any estimates of market rents and/or projected rents that may beprovided to a party do not necessarily mean that rents can be established at or increased to thatlevel. Parties must evaluate any applicable contractual and governmental limitations as well asmarket conditions,vacancy factors and other issues in order to determine rents from or for theproperty.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements shouldbe discussed by the party with appropriate engineers, architects, contractors, other consultantsand governmental agencies. All properties and services are marketed by LE Commercial RealEstate in compliance with all applicable fair housing and equal opportunity laws.

PROPERTY INFORMATION



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LE Commercial Real Estate // 11757 Katy Freeway, Suite 1300, Houston, TX 77079 // 713.996.8888 // le-commercial.com


PROPERTY INFORMATION | Confidential Offering Memorandum le-commercial.com

OFFERING SUMMARYOFFERING SUMMARY

Lot Size: 2.0 Acres

Year Built: 2002

Building Size: 21,600

Market: Houston MSA

Submarket: Far Northwest

LE Commercial is pleased to offer the exclusive sale of East Side Center, a 21,600-square foot shopping center located inTomball, Texas in far northwest Houston MSA. East Side Center is at 92 percent occupancy with NNN Leases and containstenants with long term leases allowing the investor to benefit from long-term stable cash-flow. East Side Center represents ahighly attractive opportunity to acquire an infill Tomball retail center with tremendous value enhancement potential byrenovating the retail shopping center in a high growth sub market, and increase rents in years to come.

PROPERTY OVERVIEWPROPERTY OVERVIEW

East Side is located near the intersection of East Main Street and North Willow Street across from Concordia Lutheran HighSchool and strategically located in an area with average household incomes of over $102,000 within a five-mile radius. Thesubject property also benefits from high daytime traffic and employees from major companies like BJ Services headquarters,North America's largest pressure pumping services, is adjacent from the property allowing retailers to benefit from BJ, Fortune500 company Baker Hughes, and other major companies. The subject property is located twelve miles away from ExxonMobilnew Houston Campus that sits on 385 acres that employs over 10,000 employees that opened in 2014 that has been a majordriver to the housing market in Tomball, Texas.

LOCATION OVERVIEWLOCATION OVERVIEW

EAST SIDE CENTER

EXECUTIVE SUMMARY PG 4



SALE HIGHLIGHTSSALE HIGHLIGHTS

• Average Household Income Exceeding $100,000

• Excellent Opportunity For Renovations To Increase Value

• Diverse Stable Tenant-Mix and Cash Flow

• 7 Percent CAP Rate on Actual Income

• Major Employers within One Mile Radius

• 68.5 Percent Population Growth in the Last Ten Years

• 12 Miles from ExxonMobil Houston Campus

Property Name: East Side Center

Property Address: 701 East Main Street, Tomball, TX 77375

Property Type: Retail

Lot Size: 2.0 AC

Building Size: 21,600 SF

Year Built: 2002

Number of Stories: 1

Number of Units: 14

PROPERTY OVERVIEWPROPERTY OVERVIEW

LE Commercial is pleased to offer the exclusive sale of East Side Center, a 21,600-square foot shoppingcenter located in Tomball, Texas in far northwest Houston MSA. East Side Center is at 92 percent occupancywith NNN Leases and contains tenants with long term leases allowing the investor to benefit from long-termstable cash-flow. East Side Center represents a highly attractive opportunity to acquire an infill Tomball retailcenter with tremendous value enhancement potential by renovating the retail shopping center in a high growthsub market, and increase rents in years to come.

LOCATION OVERVIEWLOCATION OVERVIEW

East Side is located near the intersection of East Main Street and North Willow Street across from ConcordiaLutheran High School and strategically located in an area with average household incomes of over $102,000within a five-mile radius. The subject property also benefits from high daytime traffic and employees frommajor companies like BJ Services headquarters, North America's largest pressure pumping services, isadjacent from the property allowing retailers to benefit from BJ, Fortune 500 company Baker Hughes, andother major companies. The subject property is located twelve miles away from ExxonMobil new HoustonCampus that sits on 385 acres that employs over 10,000 employees that opened in 2014 that has been amajor driver to the housing market in Tomball, Texas.

EAST SIDE CENTER

INVESTMENT HIGHLIGHTS PG 5



EAST SIDE CENTER

ADDITIONAL PHOTOS PG 6



EAST SIDE CENTER

AERIAL PHOTOS PG 7

LOCATION INFORMATION



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LOCATION INFORMATION | Confidential Offering Memorandum le-commercial.com

EAST SIDE CENTER

LOCATION MAPS PG 9



EAST SIDE CENTER

REGIONAL MAP PG 10



EAST SIDE CENTER

EAST SIDE-RETAILER PG 11

DEMOGRAPHICS



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DEMOGRAPHICS | Confidential Offering Memorandum le-commercial.com

1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 2,034 24,038 67,273

Median age 37.7 34.7 33.3

Median age (male) 38.6 34.4 33.1

Median age (female) 38.6 35.7 33.7

Total households 756 8,492 22,106

Total persons per HH 2.7 2.8 3.0

Average HH income $81,951 $91,258 $102,100

Average house value $281,944 $235,143 $221,601

* Demographic data derived from 2010 US Census

EAST SIDE CENTER

DEMOGRAPHICS REPORT PG 13

Documents

RETAIL PROPERTY FOR SALE EAST SIDE CENTER · 2019-04-26 · 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES Total population 2,034 24,038 67,273 Median age 37.7 34.7 33.3 Median age (male)