OFFERING MEMORANDUM 2619 Nogalitos Street | San Antonio, TX 78225 - Sands Investment Group
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OFFERING MEMORANDUM
2619 Nogalitos Street | San Antonio, TX 78225
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03 INVESTMENT SUMMARY
• Investment Summary
• Investment Highlights
05 AREA OVERVIEW
• Location Map
• Aerial & Retail Maps
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• City Overview Exclusively Marketed By: Sands Investment Group
Max Freedman Elan Sieder
10 TENANT OVERVIEW
• Tenant Profile
Lic. 644481 Lic. 678407
512.766.2711 | DIRECT 512.649.5185 | DIRECT
max@SIGnnn.com elan@SIGnnn.com
11 LEASE ABSTRACT
• Lease Summary
• Rent Roll © 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment
Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the
responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness.
Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance
In Cooperation with Sands Investment Group these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential
Austin, LLC - Lic. # 9004706 interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
INVESTMENT SUMMARY Actual Property Image
OFFERING SUMMARY PROPERTY SUMMARY
PRICE $1,351,250
2619 Nogalitos St.
ADDRESS
CAP 6.00% San Antonio, TX 78225
NOI $81,075 COUNTY Bexar
PRICE PER SF $208.33 BUILDING AREA 6,486 SF
YEARS REMAINING 9 Years LAND AREA 0.61 AC
LEASE GUARANTY Corporate BUILT 1968
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INVESTMENT HIGHLIGHTS
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• Corporate Guaranteed Lease From Investment Grade Tenant (BBB) with 9 Years Remaining
Investment • 3 x 5 Year Options to Renew with 7.5% Rent Increases at Each Option
Summary • Over 154,000 People at an Average Household Income of $43,109 Within a 3-Mile Radius
• Outstanding Traffic with Over 17,000 VPD Along Nogalitos Street
• Located just South of Downtown San Antonio (12 Minutes), Tower of the Americas (8
Corporate Minutes), AT&T Center (11 Minutes) & the San Antonio Zoo (20 Minutes); East of Lackland
Airforce Base (13 Minutes)
Guarantee • Nearby Retail Includes: Walgreens, CVS, McDonald’s, Dairy Queen, Shell, Valero and
44 Church’s Chicken
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LOCATION MAP
AERIAL MAP Downtown
San Antonio
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RETAIL MAP
Downtown
San Antonio
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Kelly Field
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Annex
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AERA OVERVIEW SUBJECT PROPERTY DEMOGRAPHICS
1 Mile 3 Mile 5 Mile
Population 22,287 154,873 360,955
Average Household Income $43,983 $43,109 $44,490
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AREA OVERVIEW ABOUT THE CITY
San Antonio officially the City of San Antonio, is the seventh most populated city in the United States of
America and the second most populated city in the state of Texas, with a population of 1.49 million in
2017. The city is located in the south–central part of Texas, and the southwestern corner of an urban
region known as the Texas Triangle.
San Antonio serves as the seat of Bexar County. Recent annexations have extended the city's boundaries
into Medina County and, though for only a very tiny area near the city of Garden Ridge and Comal County.
The city has characteristics of other western urban centers in which there are sparsely populated areas and
a low density rate outside of the city limits. San Antonio is the center of the San Antonio-New
SAN ANTONIO SKYLINE Braunfels Metropolitan Statistical Area. Commonly referred to as Greater San Antonio, the metropolitan
area has a population of over 2.45 million based on the 2017 US Census estimate, making it the 24th
largest metropolitan area in the United States and third-largest in the state of Texas. Growth along
the Interstate 35 and Interstate 10 corridors to the north, west and east make it likely that the metropolitan
area will continue to expand.
ECONOMY
Recently released data (Dec 2017) from the Bureau of Economic Analysis illuminates which large metros
have the fastest growing Gross Regional Product (GRP). Growth is measured by the percentage change in
GRP between 2011 and 2016. While the U.S. has seen an 11 percent increase in gross regional product in
the past five years, San Antonio has seen a more than 30 percent growth of GRP.
SAN ANTONIO RIVER WALK
CULTURE & CONTEMPORARY LIFE
San Antonio is famous for the historical Spanish missions, Alamo, River Walk, Tower of the Americas and
Alamo Bowl. The city hosts the annual San Antonio Stock Show & Rodeo, one of the largest in the country.
San Antonio has a strong military presence and is home to 31 higher education facilities including the
University of Texas Health Science Center at San Antonio, the University of Texas at San Antonio, Texas
A&M University–San Antonio and the Alamo Community College District among others. The city has
vibrant art community that reflects the rich history and culture of the area. Commercial entertainment
includes SeaWorld and Six Flags Fiesta Texas theme parks. The city is visited by approximately 26 million
tourists every year.
119 ALAMO
TENANT OVERVIEW
Headquartered in Roanoke, Virginia, Advance Auto Parts, Inc. is
the largest automotive aftermarket parts provider in North
America serving both the professional installer and do-it-yourself
customers. AAP was founded in 1932 and had 2015 sales of
approximately $9.74 billion. Advance operates over 5,261 stores,
over 111 Worldpac branches and serves approximately 1,325
independently owned Carquest branded stores in the United
States, Puerto Rico, the U.S. Virgin Islands and Canada.
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Advance employs approximately 74,000 team members and
works hard to create an environment of honesty, integrity, mutual
trust and dedication. Since their founding by Arthur Taubman in
1932, these values haven’t changed.
In 2005, Advance Auto Parts purchased Autopart International,
Inc. which operates 202 stores along the Atlantic Seaboard. As of
2014, Autopart International still operates as a separate division
COMPANY TYPE MARKET CAP WEBSITE within Advance Auto. Advance Auto Parts is now the largest
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PublicImage
(NYSE: AAP) $10.5 Billion advanceautoparts.com
automotive aftermarket retailer in the United States based on
sales and store count. The company premiered on the Fortune
500 list of companies in 2003 at No. 466 and has remained on
the list since that time. As of June 2014, it was ranked at No.
1,412 on the Forbes magazine "World's Biggest Public
Companies" list.
In 2013 AAP purchased General Parts Inc. including CARQUEST,
FOUNDED # OF LOCATIONS HEADQUARTERS CARQUEST Canada and WorldPac for $2.04 billion.
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1932 5,261+ Roanoke, VALEASE ABSTRACT
LEASE SUMMARY
TENANT Advance Stores Company, Inc.
A Building of 6,486 SF in
PREMISES
San Antonio, TX
LEASE COMMENCEMENT May 1, 2017
LEASE EXPIRATION May 31,2027
LEASE TERM REMAINING 10 Years
RENEWAL OPTIONS 3 x 5 Year Options
RENT INCREASES 7.5% at Options
LEASE TYPE Double Net (NN)
USE Auto Parts Store
PROPERTY TAXES Tenant’s Responsibility
INSURANCE Tenant’s Responsibility
COMMON AREA Tenant’s Responsibility
ROOF & STRUCTURE Landlord’s Responsibility
REPAIRS & MAINTENANCE Tenant’s Responsibility
HVAC Tenant’s Responsibility
UTILITIES Tenant’s Responsibility
RIGHT OF FIRST REFUSAL No
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12 Actual Property ImageRENT ROLL Actual Property Image
TENANT SQUARE % OF ANNUAL RENT / INCREASE RENTAL LEASE LEASE
OPTIONS
NAME FOOTAGE TOTAL BASE RENT SF DATES INCREASE BEGIN END
Advance Stores
6,486 SF 100% $81,075 $12.50 At Options 7.5% 5/1/2017 5/31/2027 3 x 5 Years
Company, Inc.
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13CONFIDENTIALLY AGREEMENT
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed
only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the
written consent of Sands Investment Group.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish
only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation,
with respect to the income or expenses for the subject property, the future 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 Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands
Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group 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.
By receipt of this Memorandum, you agree that this Memorandum and its contents
are of confidential nature, that you will hold and treat it in the strictest confidence and
that you will not disclose its contents in any manner detrimental to the interest of the
Owner. You also agree that by accepting this Memorandum you agree to release
Sands Investment Group and hold it harmless from any kind of claim, cost, expense,
or liability arising out of your investigation and/or purchase of this property.
14INFORMATION ABOUT BROKERAGE SERVICES
B
efore working with a real estate broker, you should know that the duties of a The broker is required to treat each party honestly and fairly and to comply with The
Broker depend on whom the broker represents. If you are a prospective Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:
seller or landlord (owner) or a prospective buyer or tenant (buyer), you should (1) Shall treat all parties honestly;
know that the broker who lists the property for sale or lease is the owner's agent. A (2) May not disclose that the owner will accept a price less than the asking price
broker who acts as a subagent represents the owner in cooperation with the listing unless authorized in writing to do so by the owner;
broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as (3) May not disclose that the buyer will pay a price greater than the price submitted
an intermediary between the parties if the parties consent in writing. A broker can in a written offer unless authorized in writing to do so by the buyer; and
assist you in locating a property, preparing a contract or lease, or obtaining financing (4) May not disclose any confidential information or any information that a party
without representing you. A broker is obligated by law to treat you honestly. specifically instructs the broker in writing not to disclose unless authorized in writing
to disclose the information or required to do so by The Texas Real Estate License
IF THE BROKER REPRESENTS THE OWNER: act or a court order or if the information materially relates to the condition of the
The broker becomes the owner's agent by entering into an agreement with the owner, property.
usually through a written listing agreement, or by agreeing to act as a subagent by
accepting an offer of sub agency from the listing broker. A subagent may work in a With the parties' consent, a broker acting as an intermediary between the parties may
different real estate office. A listing broker or subagent can assist the buyer but does appoint a person who is licensed under The Texas Real Estate License Act and
not represent the buyer and must place the interests of the owner first. The buyer associated with the broker to communicate with and carry out instructions of one party
should not tell the owner's agent anything the buyer would not want the owner to and another person who is licensed under the Act and associated with the broker to
know because an owner's agent must disclose to the owner any material information communicate with and carry out instructions of the other party.
known to the agent.
If you choose to have a broker represent you, you should enter into a written agreement
IF THE BROKER REPRESENTS THE BUYER: with the broker that clearly establishes the broker's obligations and your obligations. The
The broker becomes the buyer's agent by entering into an agreement to represent the agreement should state how and by whom the broker will be paid. You have the right to
buyer, usually through a written buyer representation agreement. A buyer's agent can choose the type of representation, if any, you wish to receive. Your payment of a fee to a
assist the owner but does not represent the owner and must place the interests of the broker does not necessarily establish that the broker represents you. If you have any
buyer first. The owner should not tell a buyer's agent anything the owner would not questions regarding the duties and responsibilities of the broker, you should resolve
want the buyer to know because a buyer's agent must disclose to the buyer any those questions before proceeding.
material information known to the agent.
IF THE BROKER ACTS AS AN INTERMEDIARY:
A broker may act as an intermediary between the parties if the broker complies with
the Texas Real Estate License Act. The broker must obtain the written consent of each
party to the transaction to act as an intermediary. The written consent must state who
will pay the broker and, in conspicuous bold or underlined print, set forth the broker's
obligations as an intermediary.
14Exclusively Marketed By:
Max Freedman
Lic. 644481
512.766.2711 | DIRECT
max@SIGnnn.com
Elan Sieder
Lic. 678407
512.649.5185 | DIRECT
elan@SIGnnn.com
Sands Investment Group
2101 South IH 35, Suite 402
Austin, TX 78741
844.4.SIG.NNN
www.SIGnnn.com
In Cooperation with Sands Investment Group
Austin, LLC - Lic. # 9004706
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