8
CENTER AT AGGIELAND 1512 Texas Avenue South College Station, Texas 77840 RESTAURANT SPACE | FOR LEASE VALUATION ANALYSIS & DISPOSITION PROPOSAL 123 East William Joel Bryan | Bryan, Texas www.OldhamGoodwin.com Property Highlights Fully equipped second generation restaurant space available Newly renovated multi-tenant retail center in heart of dense and vibrant retail corridor Located near Texas A&M University, one of the largest universities in the country Excellent visibility and exposure along Texas Avenue in the heart of College Station, TX Surrounded by national retailers in a strong retail market Close proximity to hotels, dining, and dense student housing Bryan / College Station 2800 South Texas Avenue, Suite 401 Bryan, Texas 77802 O: 979.268.2000 Houston 5050 Westheimer Road, Suite 300 Houston, Texas 77056 O: 281.256.2300 San Antonio / South Texas 200 East Grayson Street, Suite 102 San Antonio, Texas 78215 O: 210.404.4600

VALUATION ANALYSIS & DISPOSITION PROPOSAL€¦ · Aiate etail Sevie O 979.22000 0 Brettatelai. w. wwlai. CTR AT AGGIELAD. 2 ea Aveue Sut llee Stati ea 0. Site Plan. SuiteAvailabilityRSF

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Page 1: VALUATION ANALYSIS & DISPOSITION PROPOSAL€¦ · Aiate etail Sevie O 979.22000 0 Brettatelai. w. wwlai. CTR AT AGGIELAD. 2 ea Aveue Sut llee Stati ea 0. Site Plan. SuiteAvailabilityRSF

CENTER AT AGGIELAND1512 Texas Avenue South

College Station, Texas 77840

RESTAURANT SPACE | FOR LEASE

VALUATION ANALYSIS & DISPOSITION PROPOSAL123 East William Joel Bryan | Bryan, Texas

www.OldhamGoodwin.com

Property Highlights• Fully equipped second generation restaurant space

available

• Newly renovated multi-tenant retail center in heart of dense and vibrant retail corridor

• Located near Texas A&M University, one of the largest universities in the country

• Excellent visibility and exposure along Texas Avenue in the heart of College Station, TX

• Surrounded by national retailers in a strong retail market

• Close proximity to hotels, dining, and dense student housing

Bryan / College Station2800 South Texas Avenue, Suite 401

Bryan, Texas 77802O: 979.268.2000

Houston5050 Westheimer Road, Suite 300

Houston, Texas 77056O: 281.256.2300

San Antonio / South Texas200 East Grayson Street, Suite 102

San Antonio, Texas 78215O: 210.404.4600

Page 2: VALUATION ANALYSIS & DISPOSITION PROPOSAL€¦ · Aiate etail Sevie O 979.22000 0 Brettatelai. w. wwlai. CTR AT AGGIELAD. 2 ea Aveue Sut llee Stati ea 0. Site Plan. SuiteAvailabilityRSF

PROPERTY SUMMARY • DEMOGRAPHICS • IABS

Brett BoatnerAssociate | Retail Services

O: 979.268.2000 | C: 903.573.4165 [email protected]

www.OldhamGoodwin.com

CENTER AT AGGIELAND1512 Texas Avenue South

College Station, Texas 77840

Property Attributes

Gross Leasable Area: 22,875 SFRental Rate: $32.00/SFSite Size: 1.645 ACYear Built: 2014Zoning: PD-D (Planned Development - District)Parking: 40+ Surface Parking Spaces

Traffic Counts South Texas Avenue: ~43,659 VPD(per TXDOT 2016)

Subject

Page 3: VALUATION ANALYSIS & DISPOSITION PROPOSAL€¦ · Aiate etail Sevie O 979.22000 0 Brettatelai. w. wwlai. CTR AT AGGIELAD. 2 ea Aveue Sut llee Stati ea 0. Site Plan. SuiteAvailabilityRSF

PROPERTY SUMMARY • DEMOGRAPHICS • IABS

Brett BoatnerAssociate | Retail Services

O: 979.268.2000 | C: 903.573.4165 [email protected]

www.OldhamGoodwin.com

CENTER AT AGGIELAND1512 Texas Avenue South

College Station, Texas 77840

Aerial

Texas Avenue: ~42,111 VPD

Harvey Road: ~21,623 VPD

Subject

Page 4: VALUATION ANALYSIS & DISPOSITION PROPOSAL€¦ · Aiate etail Sevie O 979.22000 0 Brettatelai. w. wwlai. CTR AT AGGIELAD. 2 ea Aveue Sut llee Stati ea 0. Site Plan. SuiteAvailabilityRSF

PROPERTY SUMMARY • DEMOGRAPHICS • IABS

Brett BoatnerAssociate | Retail Services

O: 979.268.2000 | C: 903.573.4165 [email protected]

www.OldhamGoodwin.com

CENTER AT AGGIELAND1512 Texas Avenue South

College Station, Texas 77840

Site Plan

Suite Availability RSF

100 Urban Bricks ~2,732200 Available ~2,002300 Fancy Nails and Spa ~1,601400 Ye Star Chinese Buffet ~5,948 500 Signature Care Emergency Center ~10,592

CHINESE BUFFET

Avai

labl

eSu

ite 2

00

Page 5: VALUATION ANALYSIS & DISPOSITION PROPOSAL€¦ · Aiate etail Sevie O 979.22000 0 Brettatelai. w. wwlai. CTR AT AGGIELAD. 2 ea Aveue Sut llee Stati ea 0. Site Plan. SuiteAvailabilityRSF

PROPERTY SUMMARY • DEMOGRAPHICS • IABS

Brett BoatnerAssociate | Retail Services

O: 979.268.2000 | C: 903.573.4165 [email protected]

www.OldhamGoodwin.com

CENTER AT AGGIELAND1512 Texas Avenue South

College Station, Texas 77840

Floor Plan - Suite 200

E1

E2 E2

1

1

NORTH

01

03

03

02

2

3

3

4

52

2

3

4

4

4

4

5

5

5

5

5

6

7

5

6

6

DINING AREA

BACK

KITCHEN

AREA

ADJACENT

TENANT

SPACE (N.I .C.)

ADJACENT

TENANT

SPACE (N.I .C.)

OFFICE

EXISTING EXTERIOR

REAR OF BUILDING

EXISTING EXTERIOR

FRONT OF BUILDING

COVERED WALKWAY

COOKLINE

MEN'S

ACCESSIBLE

RESTROOM

WOMEN'S

ACCESSIBLE

RESTROOM

8'-2"

29'-10 1

/2"

7'-4"

(V.I.F

.)

26'-5 1/2"

V.I .F.

2'-11"

(V .I .F.)

2'-5"

7'-3 1

/2"

(V.I.F

)

10'-1"

10'-2 1/2" 7'-9" 7'-8 1/2"

(V .I .F)

7'-6"

7'-6"

4'-10"

6'-4"

3

9'-9"

4'-3 1/2"

SCHLAGE JUPITER

HANDLE SATIN

CHROME FINISH

3'-0"

INSTALL PER

MANUFACTURER

A

DOOR AND FRAME ELEVATIONS

SCALE: NTS

2" HOLLOW METAL FRAME

FACTORY PRIMED, FIELD

PAINTED (PNT-5)

B

2"2"

1'-0"

1'-2"

4'-10"

9" 6"

A-1

FLOOR PLAN,

NOTES &

SCHEDULES

1 SCALE

1/4" = 1'-0"F L O O R P L A N

12 MAX

12 MAX

S-3

ALUM . TRASITIONAL THRESHOLD COMPLYING TO THE ACCEESSIBILTY CODE

S-2

MARBLE THRESHOLD COMPLYING TO THE ACCESSIBILITY CODE

GENERAL DOOR NOTES

1. DOOR HARDWARE SHALL HAVE LEVER-OPERATED OR PUSH TYPE MECHANISMS.

2. DOORS IN EXITS SHALL NOT BE SUBJECT TO THE USE OF A KEY FOR OPERATION FROM

THE INSIDE OF THE BUILDING.

3. ALL GLASS IN DOORS SHALL BE TEMPERED ( T )

METAL STUD LIMITING HEIGHTS (FT.)STUD SIZE GAUGE SPACING

212" 25 16"

MAX. HEIGHT NOTES

358" 25 16"

358"

22

358"

20

358"

18

358" 16

16

18

20

22

25 6"

6"

6"

6"

6"

16"

16"

16"

16"

16"

16"

16"

16"

16"

NOTES:

1. NON-LOAD BEARING

2. 5 # LATERAL LOAD

3. L/360 DEFLECTION

9'-10"

12'-4"

13'-7"

14'-3"

16'-7"

17'-9"

17'-11"

20'-3"

21'-4"

23'-8"

25'-5"

NOTES:

THIS SCHEDULE SUPERSEDE

WALL TYPE SCHEDULE.

WALL PARTITION LEGEND

NEW INTERIOR PARTITION

EXISTING WALL/PARTITION TO REMAIN

HEADER/WALL ABOVE

6" ABOVE CLG.

TO UNDERSIDE OF STRUC.

5/8" DRYWALL EACH SIDE

WALL TYPE SCHEDULE

4 1 2

3-5/8" STUD

STUD SPACING 16" O.C.

WALL TYPE

6" STUD

TO UNDERSIDE OF STRUC.

20 GAUGE

5/8" DRYWALL ONE SIDE

5/8" PURPLE BOARD - EACH SIDE

INSULATION (R4.5, R11, R19)

NOTES

FIRE RATING (1hr, 2hr, 3hr, 4hr)

INS.

FRAM

ING

D.W

.

3

25 GAUGE

EXTEND HEIGHT OF WALL

6" ABOVE CLG.

SOUND ATT. BLANKETS (2.5", 3.5", 5.5")

5/8" DRYWALL - TYPE X - EACH SIDE

STUD SPACING 12" O.C.

18 GAUGE

8" CONCRETE BLOCK

1-1/2" STUD

7/8" HAT TRACK

5/8" DRYWALL - TYPE X - ONE SIDE

X

LEGEND: E = EXISTING = NEW

NOTES:

a . PROVIDE FIRE SEALS AT DECK/WALL AND AT ALL PENETRATIONS.

b. VERIFY IN FIELD

c. TO MATCH EXISTING WALL

5 6 7 8

SHEET KEYNOTES

1 (E) EXISTING STOREFRONT TO REMAIN

2 (E) EXISTING COLUMN TO REMAIN

3 (N) HEADER WALL ABOVE, SEE REFLECTED CEILING PLAN FOR DETAILS.

4 (N) HOOD, REFER TO MECHANICAL PLANS FOR DETAILS.

5 (N) ELECTRICAL PANEL, REFER TO ELECTRICAL PLAN FOR DETAILS.

6(N) ACCESSIBLE RESTROOM. ALL EQUIPMENT SHALL COMPLY WITH ACCESSIBILITY REQUIREMENTS SET ON

CS-3. SEE RESTROOM EQUIPMENT SCHEDULE AND PLUMBING PLANS FOR DETAILS.

X

TENANT SEPARATION WALL

E

E

E

E

E

E

b

TO UNDERSIDE OF CEILING

12 MAXS-1

ALUM SADDLE COMPLYING TO THE ACCESSIBILITY CODE

SADDLE/ THRESHOLD TYPES 5/8" PURPLE BOARD - ONE SIDE

3'-6" HEIGHT

b

9 10 11 12

REVISIONS DATES:

PROFESSIONAL SEAL

01.28.2016ISSUE DATE:

PROJECT #: 176A2 .1200ZA

DRAWN BY:

CHECKED BY:

CC

SL

PROJECT

WAYBACKBURGER

SCENTER A

T A

GGIE

LAND

1502

TEXAS

AVE S

COLLEGE S

TATIO

N, T

X 778

40

3330 N

.E. 34th

Street

Ft. L

auderd

ale

, FL 3

3308 P

: 954.5

66.5

051

ww

w.lask

yarc

hitect

.com

arc

hitect

s - in

terior designers

engin

eers

- const

ruct

ion m

anagers

THIS DOCUMENT IS THE PROPERTY OF LASKY

ARCHITECT, P.A. AND SHALL NOT BE REPRODUCED

WITHOUT THE WRITTEN CONSENT OF

LASKY ARCHITECT, P.A.

SCOTT L. LASKY #24279

REGISTERED ARCHITECT

STATE OF TEXAS

2016-04-04 RFI #1

2016-05-12 PLAN CORRECTION

2016-06-06 BD COMMENTS

2016-06-08 PROJ. COORDINATION

E

E

E

E

E

1HR

R11 R11

HARDWARE SCHEDULE

BB

SILENCERS

HINGES

3

1-1/2 PAIR

CLOSER INGERSOLL RAND

LCN CLOSERS

4000 SERIES

US26D

WALL STOP BEST SOURCE

SCHLAGE

AL SERIES

STYLE: JUPITER #626

#AL40S

FINISH: #626 SATIN

CHROME PLATED

KICK PLATE BEST SOURCE

AA SEE FOOD SERVICE EQUIPMENTSCHEDULE, ITEM F5

DOOR # LEAF QTY. FRAME

REMARKSHARDWARE

E1

DOOR & FRAME SCHEDULE

NOTES:

1. ALL HARDWARE PACKAGES TO BE REVIEWED W/ OWNER PRIOR TO ORDERING

INCLUDING DESIGNATED LOCKS/DEADBOLTS.

DIMENSION

B BB(1) 3'-0" X 6'-8" H.M.

01 SEE DOOR NOTE # 2 BELOWAA

EXISTING STOREFRONT DOOR TO REMAIN

(E) = EXISTING

LEGEND: H.C. = HOLLOW CORE WOOD S .C. = SOLID CORE WOOD H.M. = HOLLOW METAL S .P . = SOLID PLASTIC LAM . = LAMINATE

COAT. DOORS THAT OPEN ONTO &/OR EXPOSED TO SALES FLOOR SHALL BE PAINTED TO MATCH ADJACENT WALL.

NOTES:

1) ALL EXTERIOR DOORS (INCLUDING EXISTING) SHALL BE SELF-CLOSING AND RODENT PROOF.

2) ELIASON CORP SCP-8 SWING DOOR NEVEMAR ALROO3T RED HOT ILLUSION BOTH SIDES - 9X14 CLEAR WINDOW 3/4 SOLID CORE LAMINATED 36" X 84 OPENING (VERIFY) FOR 35 3/8" X 82 1/2" DOOR

X

SPACE DOOR

THICKNESS MAT'L MAT'L FINISHFINISH

1 3/4" S .C. PNT-5 PNT-5

03

A (1) 3'-0" X 7'-0" H.M. KITCHEN DOOR 1" S .C. PNT-5 LAM .

(E) FRONT ENTRY DOOR

02 OFFICE DOOR

EXISTING

E2 EXISTING TO REMAIN. GC TO PREPARE DOOR FOR PAINT.(E) REAR EXIT DOOR EXISTING

CC

SILENCERS

HINGES

3

1-1/2 PAIR

CLOSER INGERSOLL RAND

LCN CLOSERS

4000 SERIES

US26D

WALL STOP BEST SOURCE

SCHLAGE

AL SERIES

STYLE: JUPITER #626

#AL40S

FINISH: #626 SATIN

CHROME PLATEDLOCK SET -

OFFICE FUNCTION

PRIVACY LOCK

SET

KICK PLATE BEST SOURCE

B (1) 3'-0" X 6'-8" H.M. BATHROOM DOOR 1 3/4" S .C. PNT-5 SEE DOOR

ELEVATION CC

CITY OF COLLEGE STATION, P&DS

Page 6: VALUATION ANALYSIS & DISPOSITION PROPOSAL€¦ · Aiate etail Sevie O 979.22000 0 Brettatelai. w. wwlai. CTR AT AGGIELAD. 2 ea Aveue Sut llee Stati ea 0. Site Plan. SuiteAvailabilityRSF

Brett BoatnerAssociate | Retail Services

O: 979.268.2000 | C: 903.573.4165 [email protected]

www.OldhamGoodwin.com

CENTER AT AGGIELAND1512 Texas Avenue South

College Station, Texas 77840

PROPERTY SUMMARY • DEMOGRAPHICS • IABS

Demographic Profile

1 Mile 3 Mile 5 Mile

2018 Total Population 22,402 98,959 168,334

2023 Total Population 23,701 105,937 184,251

2018-2023 Annual Growth Rate 1.13% 1.37% 1.82%

2018 Households 7,498 38,702 64,952

2023 Households 8,090 41,728 71,540

2018 Average Home Value $217,218 $228,644 $237,336

2023 Average Home Value $245,382 $258,078 $270,359

2018 Average HH Income $40,026 $51,511 $64,094

2023 Average HH Income $44,108 $56,904 $71,739

S O U T H T E X A S A V E N U E O V E R 4 3 , 0 0 0 V E H I C L E S P E R D A Y

(TxDOT AADT 2015)

T O T A L P O P U L A T I O N O FO V E R 1 6 8 , 0 0 0

W I T H I N F I V E M I L E R A D I U S(ESRI 2017)

T O T A L H O U S E H O L D SO V E R 6 4 , 0 0 0

W I T H I N F I V E M I L E R A D I U S(ESRI 2017)

A V E R A G E H H I N C O M E

O V E R $ 6 4 , 0 0 0 W I T H I N F I V E M I L E R A D I U S

(ESRI 2017)

T O T A L E M P L O Y E E S

O V E R 6 9 , 0 0 0 W I T H I N F I V E M I L E R A D I U S

(ESRI 2017)

A V E R A G E H O M E V A L U E

O V E R $ 2 3 7 , 0 0 0 W I T H I N F I V E M I L E R A D I U S

(ESRI 2017) Sources: Infogroup, Inc & ESRI

Page 7: VALUATION ANALYSIS & DISPOSITION PROPOSAL€¦ · Aiate etail Sevie O 979.22000 0 Brettatelai. w. wwlai. CTR AT AGGIELAD. 2 ea Aveue Sut llee Stati ea 0. Site Plan. SuiteAvailabilityRSF

CENTER AT AGGIELAND1512 Texas Avenue South

College Station, Texas 77840

PROPERTY SUMMARY • DEMOGRAPHICS • IABS

Brett BoatnerAssociate | Retail Services

O: 979.268.2000 | C: 903.573.4165 [email protected]

www.OldhamGoodwin.com

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

Licensed Broker/Broker Firm Name or Primary Assumed Business Name

Designated Broker of Firm

Licensed Supervisor of Sales Agent/Associate

Sales Agent/Associate’s Name

Regulated by the Texas Real Estate CommissionTAR 2501

Information available at www.trec.texas.govIABS 1-0

Email

Email

Email

Email

Licensed No.

Licensed No.

Licensed No.

Licensed No.

Buyer / Tenant / Seller / Landlord Initials

Phone

Phone

Phone

Phone

Date

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 agree-ment. 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 be-tweenthepartiesthebrokermustfirstobtainthewrittenagreementofeach 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 transac-tion.

• Mustnot,unlessspecificallyauthorizedinwritingtodosobythe party, disclose: » that the owner will accept a price less than the written ask-

ing price; » that the buyer/tenant will pay a price greater than the price

submitted in a written offer; and » anyconfidentialinformationoranyotherinformationthatapartyspecificallyinstructsthebrokerinwritingnottodisclose, 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 thebuyer. A subagent can assist the buyer but does not represent the buyerandmustplacetheinterestsoftheownerfirst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BRO-KER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities to you, and your obli-

gations under the representation agreement.• Who will pay the broker for services provided to you, when pay-

ment 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.

Oldham Goodwin Group, LLC 532457 [email protected] (979) 268-2000

INFORMATION ABOUT BROKERAGE SERVICES

Page 8: VALUATION ANALYSIS & DISPOSITION PROPOSAL€¦ · Aiate etail Sevie O 979.22000 0 Brettatelai. w. wwlai. CTR AT AGGIELAD. 2 ea Aveue Sut llee Stati ea 0. Site Plan. SuiteAvailabilityRSF

CENTER AT AGGIELAND1512 Texas Avenue South

College Station, Texas 77840

www.OldhamGoodwin.com

© Oldham Goodwin Group, LLC. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Bryan / College Station2800 South Texas Avenue, Suite 401

Bryan, Texas 77802O: 979.268.2000

Houston5050 Westheimer Road, Suite 300

Houston, Texas 77056O: 281.256.2300

San Antonio / South Texas200 East Grayson Street, Suite 102

San Antonio, Texas 78215O: 210.404.4600

OLDHAM GOODWIN GROUP

For More Information About This Property, Please Contact

Brett BoatnerAssociate | Retail Services

O: 979.268.2000 | C: 903.573.4165E: [email protected]