DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group

Page created by Shane Cole
 
CONTINUE READING
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
CONFIDENTIAL OFFERING MEMORANDUM

DOG HAUS BIERGARTEN                20907 STONE OAK PKWY
                                   SAN ANTONIO, TX 78258
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
DISCLAIMER &
CONFIDENTIALITY

The information contained herein is proprietary and strictly confidential. It is intended to be reviewed only by the   Exclusively Offered By
party receiving it from the Embree Group of Companies (Embree Group) and should not be made available to any
other person or entity without the written consent of the Embree Group (the Embree Group collectively refers
to Embree Capital Markets Group, Inc., Embree Asset Group, Inc., Embree Healthcare Group, Inc., and Embree
Construction Group, Inc.). This brochure has been prepared to provide summary information to prospective
investors and to establish a preliminary level of interest in establishing an investment relationship with the
Embree Group, which may or may not include the sale or purchase of any specific property referenced herein.
Several Embree Group employees are licensed real estate agents and brokers in various states. The information
contained herein is not a substitute for a thorough due diligence investigation. The Embree Group has supplied
information in this brochure from sources we believe are reliable; however, all potential Buyers and Investors
must take appropriate measures to investigate and verify the income and expenses for any specific property,
the future projected financial performance of any specific property, the size and square footage of any specific            KLINTON LEWIS
property and its improvements, the presence or absence of contaminating substances, PCB’s or asbestos,                     BROKERAGE ASSOCIATE

the compliance with State and Federal regulations, the physical condition of the improvements thereon, or               O 512.819.4729 M 512.630.9758
                                                                                                                         KLEWIS@EMBREEGROUP.COM
the financial condition or business prospects of any tenant or any tenant’s plans or intentions to continue its
occupancy of any specific property. The Embree Group reserves the right to withdraw this solicitation at any
time without prior notice. The information contained herein is based upon sources deemed to be reliable, but
the accuracy of the information is not guaranteed, nor should the information contained herein be considered
all inclusive. Statements contained herein which involve matters of opinion, whether or not identified to be
that only, are not representations of fact. The price and terms of this offering may be subject to change at any
time. The Embree Group 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 the Embree Group, its affiliates
or subsidiaries, or any agent, product, or commercial listing of The Embree Group, and is solely included for the
purpose of proving tenant lessee information about this listing to prospective customers.
                                                                                                                           JOSIAH BYRNES
Embree affiliates have an ownership interest in the subject property.                                                     EXECUTIVE VICE PRESIDENT

2       DOG HAUS SAN ANTONIO, TEXAS
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
TABLE OF
CONTENTS

01 Executive Summary                                      5
                                                          6
                                                          7

02 The Property                    Site Map               9
                                   Elevations             10

03 Maps & Aerials                  Site Aerial            12
                                   Surrounding Aerial     13
                                   Local Context          14
                                   Regional Context       15

04 Analytics                       Demographic Analysis   17

3    DOG HAUS SAN ANTONIO, TEXAS
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
01
EXECUTIVE SUMMARY
Property & Lease Details   5
Area Overview              6
Company Overview           7
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
PROPERTY &                                            THE OFFERING

LEASE DETAILS                                         Address                              20907 Stone Oak Pkwy
                                                                                           San Antonio, TX 78258
                                                      Tenant                               Tex-Dog Stone Oak LLC
                                                      Guarantor                            Two High Net-Worth Guarantors
Offering Overview                                                                          & Tex-Dog Hospitality, LLC*
Embree Capital Markets is pleased to offer for
sale, a high-quality, single-tenant, net-leased,
restaurant asset. It is a unique opportunity for an   SITE DESCRIPTION
investor to acquire a build-to-suit, well-located
                                                      Year Built                            2021
property in a desirable Texas geography.
                                                      Building SF                           Approx. 2,894 SF
                                                      Patio SF                              Approx. 835 SF
             PURCHASE PRICE                           Lot Size                              1.20 Acres

             $3,770,000
                                                      INVESTMENT SUMMARY

             CAP RATE                                                                       Single-Tenant Restaurant
                                                                                            Fee-Simple
             6.75%                                                                          $254,412
                                                                                            $21,201
             ESTIMATED NOI                                                                  6.75%

             $254,412                                                                       $3,770,000
                                                                                            04.09.2021
                                                                                            04.08.2041
             LEASE TYPE
                                                                                            20-Years
             ABSOLUTE NNN                                                                   Absolute NNN
                                                                                            Three, 5-Year
                                                                                            10% Every 5-Years

5      DOG HAUS SAN ANTONIO, TEXAS                    *GUARANTOR FINANCIALS ARE AVAILABLE WITH A SIGNED NDA
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
AREA OVERVIEW

San Antonio, Texas

San Antonio is the second most populous city in both Texas and
the Southern United States and the seventh largest city in the
United States. The city serves as the county seat for Bexar county
with a population of over 1.5 million residents in 2019. The subject
property is located in North San Antonio, approximately 17 miles
from downtown San Antonio and 10 miles north of the San Antonio
International Airport. The city is known as a top tourist destination
that hosts 37 million visitors annually and providing an economic
impact of over $15 million with attractions such as The Riverwalk,
The Alamo, SeaWorld, and Six Flags Fiesta Texas. The city is also
home to four major military bases and is home to one of the largest
active and retired military populations in the United States.

6      DOG HAUS SAN ANTONIO, TEXAS
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
COMPANY OVERVIEW
                                                                                                                                 REPRESENTATIVE RENDERING

Investment Summary                               Dog Haus is a craft casual hot dog concept known     and antibiotic-free meat. All dogs, sausages,
                                                 for its gourmet hot dogs, sausages, burgers and      burgers and the fried chicken sandwich are
                                                 a one of a kind fried chicken sandwich. Founded      served on grilled King’s Hawaiian rolls. Guests
Company Type     Private                         by partners Hagop Giragossian, Quasim Riaz           can choose from signature Haus creations or
Store Count      56+                             and André Vener, three friends who share a           customize their own from a wide array of unique
                                                 passion for good food, creativity, quality and       toppings. To chase it down, guests can select
Headquarters     Pasadena, CA                    commitment to community, the first Dog Haus          great craft beers from a tap list emphasizing
                                                 opened in Pasadena, California in 2010. Dog          local favorites, and they can finish their meals
Website          www.DogHaus.com                 Haus has garnered critical acclaim and national      on a sweet note with premium shakes or soft-
Franchisee       Two Personal                    attention for its signature all beef dogs and hand   serve ice cream. Open daily, Dog Haus currently
                                                 crafted sausages with no added nitrates, 100%        has 56+ restaurants, biergartens, venues, and
Guarantor        Two High Net-Worth Guarantors   Black Angus beef burgers, and a fried chicken        kitchens open and 16+ in development across
                 & Dog Haus Worldwide, LLC       sandwich, all of which are made with hormone-        18 states.

7     DOG HAUS SAN ANTONIO, TEXAS
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
02
THE PROPERTY
Site Plan      9
Elevations     10
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
SITE MAP

                                 STON                         N
                                        E OA
                                               K PA
                                                      RKW
                                                         AY

   DOG HAUS SAN ANTONIO, TEXAS
DOG HAUS BIERGARTEN CONFIDENTIAL OFFERING MEMORANDUM 20907 STONE OAK PKWY SAN ANTONIO, TX 78258 - Embree Group
ELEVATIONS
                                                                                                                                                                                                                                                                                                                                                                                              12’

                                                                                                                                                                                                                                                                                                                                                                                         4’ - 0”

                                                                                                                                                                                                                                                                                                                                                                               4’ - 0”
                                                                                                                                                                                                                                                                                                                                               6’ - 6.65”
                                                                                                                                                                                                                                                                                                                                                                                         6”

                                                                                                                                                                                                                                                                                                                                              25.19”
                                                                                                                                                                                                                                                                                                                                                            5.47” 13.19”
                                                                                                                                                                                                                                                                                                                                                                                         9’ - 3.18”

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             21’                  24’
                                                                                                                                                                                                                                                                                                                                                                                                                                 14’ - 6”

                                                                                                                                                                                                                                                                                                                                                                                 36’

        FRONT

                                                                                                                                                                                                      9’

                                                                                                                                                                                                     3’ - 0”
                                                                                                                                                                                    3’ - 0”
                                                                                                                                                   5’ - 3.38”

                                                                                                                                                                                              4.2”
                                                                                                                                                                        4.1” 9.9”
                                                                                                                                                                18.9”

                                                                                                                                                                                                                                                                                                                                                                                                                                                             12’ - 5”

                                                                                                                                                                                               6’ - 11.45”
                                                                                                                                                                                                                                                                                    21’         24’                                                                                                                              3’ - 6”              5”                8’ - 6”

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         21’

                                                                                                                                                                                                                                                                                                                                                                                                                                             23.18”
                                                                                                                                                                                                                                                                                                                                                                                                                       3’ - 6”

                                                                                                                                                                                                                                                                                                                                                                                                                                                 5” 12.25”
                                                                                                                                                                                                                                                                                                         DISCLAIMER: Renderings are for graphic purposes only and not intended for actual construction dimensions. For windload requirements, actual dimensions and mounting detail, please refer to engineering specifications and install drawings.
                                                                                                                                                                                                               14’ - 2”                                                                                 These drawings and designs are the exclusive property of Everbrite LLC Use of, or duplication in any manner without express written permission of Everbrite LLC is prohibited.

Customer: Dog Haus                                                                                                                                                                                                                                                                                                                                                                                      8’ - 3”                                                                   Customer Approval: Graphics and colors on file will be used unless otherwise specified by
                                                                                                Description: 4’ - 0” Faux Neon Logo, Biergarten - DSB Push Thru Acrylic Sign.                                                                                                                                                                                                                                                                                                     customer. Please review drawing carefully. By signing below, you agree to graphics as
Project No: 418723-2               Scale: NTS                                                                                                                                                                                                                                                                                                                                                                                                                                     shown above, and to location of sign as shown. Please return signed copy back to Everbrite.
Date: 10/16/19              Drawn By: DB
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  CUSTOMER SIGNATURE                                                                                             DATE
Location & Site No: Stone Oak, TX                                                                                                                                                                                                                                                                                                                                                                                                                            18’
DHSTONE OAK                                                                                                      65’
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  LANDLORD SIGNATURE          65’                                                                                DATE

         RIGHT SIDE                                                                                                                                                                                                                                                                                                                                                          LEFT SIDE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               DISCLAIMER: Renderings are for graphic purposes only and not intended for actual construction dimensions. For windload requirements, actual dimensions and mounting detail, please refer to engineering specifications and install drawings.
                                                                                                                  DISCLAIMER: Renderings are for graphic purposes only and not intended for actual construction dimensions. For windload requirements, actual dimensions and mounting detail, please refer to engineering specifications and install drawings.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               These drawings and designs are the exclusive property of Everbrite LLC Use of, or duplication in any manner without express written permission of Everbrite LLC is prohibited.
                                                                                                                  These drawings and designs are the exclusive property of Everbrite LLC Use of, or duplication in any manner without express written permission of Everbrite LLC is prohibited.
                                                                                                                                                                                                                                                                                                                                                                       Customer: Dog Haus                                                                                                                                                                                                                             Customer Approval: Graphics and colors on file will be used unless otherwise specified by
  Customer: Dog Haus                                                                                                                                                                                                     Customer Approval: Graphics and colors on file will be used unless otherwise specified by                                                                                                                         Description: 3’ - 6” Faux Neon Logo, Biergarten - DSB Push Thru Letter Sign.
                                                  Description: 3’ - 0” Faux Neon Logo, Biergarten - DSB Push Thru Letter Sign.                                                                                           customer. Please review drawing carefully. By signing below, you agree to graphics as
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      customer. Please review drawing carefully. By signing below, you agree to graphics as
                                                                                                                                                                                                                                                                                                                                                                       Project No: 418723-2               Scale: NTS                                                                                                                                                                                                  shown above, and to location of sign as shown. Please return signed copy back to Everbrite.
  Project No: 418723-3               Scale: NTS                                                                                                                                                                          shown above, and to location of sign as shown. Please return signed copy back to Everbrite.
  Date: 10/17/19              Drawn By: DB                                                                                                                                                                                                                                                                                                                             Date: 10/16/19              Drawn By: DB
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      CUSTOMER SIGNATURE                                                                  DATE
  Location & Site No: Stone Oak, TX                                                                                                                                                                                      CUSTOMER SIGNATURE                                                                  DATE                                                      Location & Site No: Stone Oak, TX

        10                      DOG HAUS SAN ANTONIO, TEXAS
  DHSTONE OAK                                                                                                                                                                                                                                                                                                                                                          DHSTONE OAK                                                                                                                                                                                                                                    LANDLORD SIGNATURE                                                                  DATE
                                                                                                                                                                                                                         LANDLORD SIGNATURE                                                                  DATE
03
MAPS & AERIALS
Site Aerial          12
Surrounding Aerial   13
Local Context        14
Regional Context     15
SITE AERIAL

            STONE OAK PARKWAY

                38,957 VPD

                                 US HIGHWAY 281

                                   77,781 VPD     N

   DOG HAUS SAN ANTONIO, TEXAS
SURROUNDING AERIAL

                                                          5 MIN DRIVE

                                            9 MIN DRIVE

                                LOOP 1604

                            65,706 VPD

                                                                        N

  DOG HAUS SAN ANTONIO, TEXAS
LOCAL CONTEXT

                                                                        N

SUBJECT PROPERTY IS APPROXIMATELY 18 MILES FROM DOWNTOWN SAN ANTONIO.

       DOG HAUS SAN ANTONIO, TEXAS
REGIONAL CONTEXT

                                                                                                             N

SUBJECT PROPERTY IS APPROXIMATELY 270 MILES FROM DALLAS, 200 MILES FROM HOUSTON, AND 75 MILES FROM AUSTIN.

        DOG HAUS SAN ANTONIO, TEXAS
04
ANALYTICS
Demographic Analysis   17
DEMOGRAPHIC
ANALYSIS
                                POPULATION                 1 MILE     3 MILES    5 MILES

                                2025 Projection            8,562      79,828     166,072
                                2020 Estimate              7,886      74,072     154,983
                                Growth 2020-25             8.57%      7.77%      7.15%

                                HOUSEHOLDS

                                2025 Projection            3,091      27,466     59,423
                                2020 Estimate              2,847      25,545     55,652
                                Growth 2020-25             8.57%      7.52%      6.78%

                                AVG. HOUSEHOLD INCOME

                                Average Household Income   $108,007   $121,330   $114,847
                                Less than $25,000          303        1,891      4,522
                                $25,000 - 50,000           320        3,141      8,040
                                $50,000 - 75,000           547        3,854      8,870
                                $75,000 - 100,000          442        3,854      8,169
                                $100,000 - 150,000         687        6,363      13,330
                                $150,000 - 200,000         265        3,124      6,222
                                $200,000+                  284        3,348      6,499

  DOG HAUS SAN ANTONIO, TEXAS
ABOUT EMBREE GROUP

Embree Group of Companies provides nationwide
turnkey real estate services, specializing in build-to-
suit development, design/build, general construction,
program management, and capital markets for specialty
retail, financial, automotive, restaurant, healthcare and
senior living facilities. Embree’s fully integrated, in-house
services allow us to become an extension of the client’s
organization. Since 1979, Embree’s foundation has been
built on developing tailored programs for 300+ national
clients. The firm is headquartered near Austin, Texas,
with regional offices located in Phoenix and the DFW
area. Over the past 40 years, Embree’s executive team
has developed, built, or transacted more than 14,000
assets in all 50 states, Puerto Rico, and Canada with a
total market value in excess of $10 billion.

Contact Details
For more information about this listing, please contact:

KLINTON LEWIS
BROKERAGE ASSOCIATE
KLEWIS@EMBREEGROUP.COM
O 512.819.4729 M 512.630.9758
You can also read