NEED ADDRESS ?? SIGN commission protection agreement

Seller wants $399K but I told him it is too high, so he is negotiable.  Store is located about 30 minutes from Houston.  He bought it 11 months ago and rehabbed it, IMS reports show 50-60k inside sales.  2,167 SF stand-alone building few blocks of major highway and various nationwide retailers. Few competitors are within the immediate market area of business. Room for improvement to bring more customers the Gas stations.  No contract on gas.

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Building

Type 2 Star Retail
GLA 2,496 SF
Stories 1
Typical Floor 2,496 SF
Year Built 1977
Tenancy Single
Owner Occup No
Parking 7 Surface Spaces are available; Ratio of 2.80/1,000 SF
Frontage 102′ on Main
Taxes$2.48/SF (2016)
Walk Score®Very Walkable (71)
Transit Score®Minimal Transit (0)

Land

Land Acres 0.29 AC
Bldg FAR 0.20
Land SF 12,500 SF
Zoning None
Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 1-3 Star
7.2%
0.3%
Market Overall
5.2%
0.2%

NNN Asking Rents Per SF

Submarket 1-3 Star
$13.56
7.2%
Market Overall
$16.34
4.2%

Submarket Leasing Activity

12 Mo. Leased SF
439,185
17.4%
Months on Market
11.5
4.7 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$50
$60.4
12 Mo. Price Per SF
$238
$130

Demographics

1 Mi 3 Mi
Population
5,643
19,291
Households
2,052
6,928
Average Age
37.50
37.70
Median HH Income
$49,925
$68,716
Daytime Employees
4,556
12,916
Population Growth ’17-’22
11.0%
9.9%
Household Growth ’17-’22
11.0%
9.9%

Traffic

Collection Street Cross Street Traffic Vol Year Distance
TRAFFIC COUNT
12,823
2015
0.06 mi
2016 Assessment
Improvements
Land
Total Value
 $166,254
 $43,757
$210,011
 $66.61/SF
 $3.50/SF
$16.80/SF

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