ANYTIME FITNESS - Levy Retail Group
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ANYTIME FITNESS STRIP CENTER
210 SILVERADO STREET, LA VERNIA, TX 78121
PHILIP LEVY CHRIS GAINEY PARKER YATES
972.755.5225 I TX LIC # 0522087 817.932.6122 I TX LIC # 0612970 817.932.6125 I TX LIC # 0706307 Marcus &,Millichap
SENIOR MANAGING DIRECTOR FIRST VICE PRESIDENT ASSOCIATE
PLEVY@MARCUSMILLICHAP.COM CHRIS .GAINEY@MARCUSMILLICHAP.COM PARKER .YATES@MARCUSMILLICHAP.COM
LEVY RETAIL GROUP
TABLE OF CONTENTS
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
Confidentiality & Disclaimer Contents
The information contained in the following Marketing Brochure is proprietary and strictly PROPERTY INFORMATION 3
confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap
and should not be made available to any other person or entity without the written consent of LOCATION INFORMATION 7
Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified
information to prospective purchasers, and to establish only a preliminary level of interest in the
FINANCIAL ANALYSIS 12
subject property. The information contained herein is not a substitute for a thorough due diligence SALE COMPARABLES 17
investigation. Marcus & Millichap has not made any investigation, and makes no warranty or
representation, with respect to the income or expenses for the subject property, the future DEMOGRAPHICS 23
projected financial performance of the property, the size and square footage of the property and
improvements, the presence or absence of contaminating substances, PCB's or asbestos, the
compliance with State and Federal regulations, the physical condition of the improvements thereon,
or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to
continue its occupancy of the subject property. The information contained in this Marketing
Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap
has not verified, and will not verify, any of the information contained herein, nor has Marcus &
Millichap conducted any investigation regarding these matters and makes no warranty or
representation whatsoever regarding the accuracy or completeness of the information provided.
All potential buyers must take appropriate measures to verify all of the information set forth herein.
Non-Endorsement Notice
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or
lessee identified in this marketing package. The presence of any corporation’s logo or name is not
intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of
Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing
of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information
about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS
Special COVID-19 Notice
All potential buyers are strongly advised to take advantage of their opportunities and obligations to
conduct thorough due diligence and seek expert opinions as they may deem necessary, especially
given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus &
Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any
prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment
properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its
investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers.
All potential buyers are admonished and advised to engage other professionals on legal issues, tax,
regulatory, financial, and accounting matters, and for questions involving the property’s physical
condition or financial outlook. Projections and pro forma financial statements are not guarantees
and, given the potential volatility created by COVID-19, all potential buyers should be comfortable
with and rely solely on their own projections, analyses, and decision-making.)
2
Section 1 PROPERTY INFORMATION
PROPERTY INFORMATION | EXECUTIVE SUMMARY
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
OFFERING SUMMARY PROPERTY OVERVIEW
Sale Price: $2,320,000 Marcus & Millichap is pleased to offer the opportunity to acquire a stabilized 15,000-square foot, multi-tenant retail center
Building Size: 15,000 SF located in La Vernia, Texas.
Lot Size: 2.87 Acres
Price / SF: $154.67 DEMOGRAPHICS 1 MILE 3 MILES 5 MILES
Cap Rate: 8.25% Total Households 505 1,862 3,956
NOI: $191,477 Total Population 1,426 5,362 11,450
Year Built: 2009 Average HH Income $101,442 $103,670 $107,931
4
PROPERTY INFORMATION | PROPERTY DESCRIPTION
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to offer the opportunity to acquire a stabilized 15,000-square
foot, multi-tenant retail center located in La Vernia, Texas. Anytime Fitness Strip Center is
currently 100 percent occupied, and 75 percent of the gross leasable area has essential
business tenants. The center is a complementary mix of internet-resistant tenants including
Anytime Fitness, Connally Memorial Urgent Care, Momentum Physical Therapy, and Pharm
House Drug Co. All current leases are triple net. The center was constructed in 2009 and is
situated on a 2.87-acre lot.
LOCATION DESCRIPTION
Anytime Fitness Strip Center is located on Silverado Street and U.S. Highway 87. The center
benefits from highway visibility and is easily accessible from multiple ingress and egress
locations. Traffic counts on U.S. Highway 87 exceed 14,200 vehicles per day. The center is
near many national retailers including Sonic, Burger King, O'Reilly Auto Parts, H-E-B
Grocery, Whataburger, Subway, AutoZone, Best Western, Taco Bell, Napa Auto Parts, and
more. Anytime Fitness Center is in close proximity to many schools providing additional
traffic to the area. The surrounding area has strong demographics with a five mile average
household income of $107,931.
La Vernia is a city in Wilson County and is part pf the San Antonio Metropolitan Statistical
Area. The city is located 25 miles east of downtown San Antonio. San Antonio is the
seventh-largest city in the United States, the second-largest city in Texas. The city is
experiencing solid economic growth in 21st century industries such as bioscience and
healthcare, aerospace, IT and cybersecurity, and green technologies. San Antonio’s economy
has remained steady and prosperous by successfully attracting new businesses and helping
existing companies grow. San Antonio is also known as a top tourist destination with
attractions such as The Alamo, The River Walk, Six Flags Fiesta Texas, and SeaWorld San
Antonio, hosting 37 million visitors annually and providing an economic impact of $15.3
billion.
5
PROPERTY INFORMATION | COMPLETE HIGHLIGHTS
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
BUILDING INFORMATION
Occupancy % 100.0%
Tenancy Multiple
Year Built 2009
County Wilson
Ownership Type Fee Simple
PROPERTY HIGHLIGHTS
• 15,000-Square Foot Multi-Tenant Retail Center
• 100% Occupied | All Leases are Triple-Net
• Complementary Mix of Internet-Resistant Tenants
• 75% of the Gross Leasable Area has Essential Business Tenants
• Building is 2009 Construction and Situated on a 2.87-Acre Lot with Concrete Parking
• Adjacent Land Included for Potential Future Development | Approved by the City to
Construct a Building Up to 5,000-Square Feet
• Highway Visibility | Multiple Ingress and Egress Points
• Traffic Counts are 14,200 Vehicles per Day in Front of the Property
• Near Many National Retailers Including Sonic, Burger King, O'Reilly Auto Parts, H-E-B
Grocery, Whataburger, Subway, AutoZone, Best Western, Taco Bell, Napa Auto Parts,
and More
• Close Proximity to Many Schools, Providing Additional Traffic to the Area
• Strong Surrounding Demographics | Five Mile Average Household Income is $107,931
• Located 25 Miles East of Downtown San Antonio
6
Section 2 LOCATION INFORMATION
LOCATION INFORMATION | REGIONAL MAP
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
Anytime Fitness Strip Center
8
LOCATION INFORMATION | AERIAL MAPS
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
9
LOCATION INFORMATION | AERIAL MAPS
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
10LOCATION INFORMATION | AERIAL MAPS
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
11Section 3 FINANCIAL ANALYSIS
FINANCIAL ANALYSIS | FINANCIAL SUMMARY
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
INVESTMENT OVERVIEW CURRENT
Price $2,320,000
Price per SF $154.67
CAP Rate 8.25 %
Total Return (yr 1) $191,477
OPERATING DATA CURRENT
Gross Income $243,644
Operating Expenses $52,167
Net Operating Income $191,477
FINANCING DATA CURRENT
Down Payment $2,320,000
Loan Type All Cash
13FINANCIAL ANALYSIS | INCOME & EXPENSES
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
INCOME SUMMARY CURRENT PER SF
Base Rent $197,890 $13.19
Real Estate Taxes Reimbursements $16,922 $1.13
Insurance Reimbursements $4,945 $0.33
Common Area Maintenance Reimbursements $17,962 $1.20
Management Fee Reimbursements $5,925 $0.40
GROSS INCOME $243,644 $16.24
EXPENSE SUMMARY CURRENT PER SF
Real Estate Taxes $24,845 $1.66
Insurance $7,261 $0.48
Electricity $1,940 $0.13
Water/Garbage $5,471 $0.36
Lawn Service $1,320 $0.09
Maintenance $2,630 $0.18
Management Fee $8,700 $0.58
GROSS EXPENSES $52,167 $3.48
NET OPERATING INCOME $191,477 $12.77
14FINANCIAL ANALYSIS | RENT ROLL
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
TENANT UNIT % OF LEASE LEASE ANNUAL ESC PRICE LEASE EXPENSE
NAME SIZE (SF) GLA START END RENT DATE PER YEAR TYPE OPTION REIMBURSEMENT
Anytime Fitness 3,800 25.33 12/23/09 12/31/29 $55,100 $14.50 NNN None $13,172.17
1/1/2024 $16.00
1/1/2027 $16.50
Connally Memorial Urgent Care (1) 4,700 31.33 11/01/13 10/31/21 $68,150 $14.50 NNN (2) 5-Yr $10,224.00
Momentum Physical Therapy 2,250 15.0 9/01/15 8/31/25 $31,800 $14.13 NNN None $7,798.98
9/1/2022 $14.30
9/1/2023 $14.60
9/1/2024 $14.90
Storage 50 0.33 $0 $0.00
Pharm House Drug Co. (2) 4,200 28.0 11/01/17 10/31/27 $42,840 $10.20 NNN (1) 5-Yr @ Mkt $14,559.81
11/1/2022 $10.40
11/1/2025 $10.61
Totals/Averages 15,000 $197,890 $13.19 $45,754.96
(1) Tenant's expense reimbursements are capped at $852/month.
(2) Lease is part of a Master Lease of six Pharm House Drug locations. Tenant may request to diminish the size of the leased premises, but to no less than 2,000 square feet, by providing Landlord written
request. Landlord shall have 90 days to finish the demised space whereupon Tenant will begin paying the rental rate based on the smaller space.
15FINANCIAL ANALYSIS | TENANT INFORMATION
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
ANYTIME FITNESS
FOUNDED 2002
LOCATIONS 4,000+
SQ. FT. 3,800
Anytime Fitness is a franchise of 24-hour health and fitness clubs that is headquartered in Woodbury, Minnesota.
The company operates over 4,000 franchised locations in 50 countries. The gym facilities are open 24 hours a day,
365 days of the year.
CONNALLY MEMORIAL URGENT CARE
LOCATIONS 1
SQ. FT. 4,700
OPTIONS (2) 5-Year
Connally Memorial Urgent Care & Health Center is a walk-in medical clinic for the treatment of non-life
threatening injuries and illness in La Vernia, TX. Connally Memorial Urgent Care is a branch of Connally Memorial
Hospital, a licensed 44 bed, state-of-the-art acute care facility accredited by the Texas Department of Health in
Floresville, Texas.
16Section 4 SALE COMPARABLES
SALE COMPARABLES | SALE COMPS
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
SUBJECT PROPERTY
210 Silverado Street | La Vernia, TX 78121
Sale Price: $2,320,000 Lot Size: 2.87 AC
Year Built: 2009 Building SF: 15,000 SF
Price PSF: $154.67 Cap: 8.25%
NOI: $191,477
SMOOTHIE KING & ASPEN DENTAL
1
1251 Austin Highway | San Antonio, TX 78209
Sale Price: $3,270,000 Lot Size: 0.78 AC 1
Year Built: 2019 Building SF: 4,700 SF
Price PSF: $695.74 CAP: 6.35%
Closed: 10/21/2019 Occupancy: 100%
VERDE PLAZA
2
17115 IH-35 Fwy S | Schertz, TX 78154
Sale Price: $8,500,000 Lot Size: 2.49 AC 2
Year Built: 2015 Building SF: 24,203 SF
Price PSF: $351.20 CAP: 7.55%
Closed: 04/26/2018
18SALE COMPARABLES | SALE COMPS
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
NORTHERN HILLS
3
12311 Nacogdoches Road | San Antonio, TX 78217
Sale Price: $6,075,000 Lot Size: 1.8 AC 3
Year Built: 1983 Building SF: 19,833 SF
Price PSF: $306.31 CAP: 7.6%
Closed: 07/30/2019 Occupancy: 100%
PAT BOOKER ROAD RETAIL
4
1626 Pat Booker Road | Universal City, TX 78148
Sale Price: $2,300,000 Lot Size: 0.88 AC 4
Year Built: 1968 Building SF: 16,800 SF
Price PSF: $136.90 CAP: 7.94%
Closed: 08/05/2020 Occupancy: 100%
REDLAND OAKS
5
2815 N Loop 1604 | San Antonio, TX 78232
Sale Price: $6,300,000 Lot Size: 3.71 AC 5
Year Built: 2005 Building SF: 29,301 SF
Price PSF: $215.01 CAP: 8%
Closed: 01/31/2018 Occupancy: 83.8%
19SALE COMPARABLES | SALE COMPS
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
MISSION PLAZA
6
3610 Nogalitos Street | San Antonio, TX 78225
Sale Price: $2,925,000 Lot Size: 0 AC 6
Year Built: 2006 Building SF: 19,562 SF
Price PSF: $149.52 CAP: 8.14%
Closed: 06/05/2018 Occupancy: 100%
20SALE COMPARABLES | SALE COMPS SUMMARY
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP
Anytime Fitness Strip Center
210 Silverado Street $2,320,000 15,000 SF $154.67 8.25%
La Vernia, TX 78121
SALE COMPS PRICE BLDG SF PRICE/SF CAP CLOSE
1 Smoothie King & Aspen Dental
1251 Austin Highway $3,270,000 4,700 SF $695.74 6.35% 10/21/2019
San Antonio, TX 78209
2 Verde Plaza
17115 IH-35 Fwy S $8,500,000 24,203 SF $351.20 7.55% 04/26/2018
Schertz, TX 78154
3 Northern Hills
12311 Nacogdoches Road $6,075,000 19,833 SF $306.31 7.6% 07/30/2019
San Antonio, TX 78217
4 Pat Booker Road Retail
1626 Pat Booker Road $2,300,000 16,800 SF $136.90 7.94% 08/05/2020
Universal City, TX 78148
5 Redland Oaks
2815 N Loop 1604 $6,300,000 29,301 SF $215.01 8.0% 01/31/2018
San Antonio, TX 78232
6 Mission Plaza
3610 Nogalitos Street $2,925,000 19,562 SF $149.52 8.14% 06/05/2018
San Antonio, TX 78225
PRICE BLDG SF PRICE/SF CAP CLOSE
Totals/Averages $4,895,000 19,067 SF $256.73 7.6%
21SALE COMPARABLES | SALE COMPS MAP
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
SUBJECT PROPERTY
210 Silverado Street | La Vernia, TX 78121
1 SMOOTHIE KING & 4 PAT BOOKER ROAD
ASPEN DENTAL 2 VERDE PLAZA 3 NORTHERN HILLS RETAIL
1251 Austin Highway 17115 IH-35 Fwy S 12311 Nacogdoches Road 1626 Pat Booker Road
San Antonio, TX 78209 Schertz, TX 78154 San Antonio, TX 78217 Universal City, TX 78148
5 REDLAND OAKS 6 MISSION PLAZA
2815 N Loop 1604 3610 Nogalitos Street
San Antonio, TX 78232 San Antonio, TX 78225
22Section 5 DEMOGRAPHICS
DEMOGRAPHICS | DEMOGRAPHICS MAP & REPORT
Anytime Fitness Strip Center
210 Silverado Street, La Vernia, TX 78121
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 1,426 5,362 11,450
Average age 39.6 39.2 38.9
Average age (Male) 39.1 38.9 38.5
Average age (Female) 40.1 39.5 39.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 505 1,862 3,956
# of persons per HH 2.8 2.8 2.9
Average HH income $101,442 $103,670 $107,931
Average house value $236,842 $243,597 $247,977
ETHNICITY (%) 1 MILE 3 MILES 5 MILES
Hispanic 18.9% 18.6% 20.8%
RACE 1 MILE 3 MILES 5 MILES
% White 95.9% 95.5% 94.8%
% Black 0.8% 1.0% 1.4%
% Asian 0.4% 0.4% 0.5%
% Hawaiian 0.4% 0.3% 0.2%
% American Indian 0.7% 0.9% 1.2%
% Other 1.8% 1.9% 1.9%
* Demographic data derived from CoStar Realty Information Group
24INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. 11-2-2015
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 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 and buyer) 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.
Marcus & Millichap 9002994 tim.speck@marcusmillichap.com 972-755-5200
Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone
Tim A. Speck 432723 tim.speck@marcusmillichap.com 972-755-5200
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
Buyer/Tenant/Seller/Landlord Initials Date
Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov
IABS 1-0PHILIP LEVY CHRIS GAINEY PARKER YATES
972.755.5225 I TX LIC # 0522087 817.932.6122 I TX LIC # 0612970 817.932.6125 I TX LIC # 0706307 Marcus &,Millichap
SENIOR MANAGING DIREC TOR FIRST VICE P RESIDENT ASSOCIATE
P LEVY@MARCUSMI LLICHAP.COM CHRIS.GAINEY@MARCUSMILLICHAP.COM PARKER.YATES@MARCUSMI LLICHAP.COM
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