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93% Leased Center
1100 E. Bardin Rd Arlington, TX 76018
CONFIDENTIAL OFFERING SUMMARY:
-GLA: 19,137 SF Retail Center on 2.47acres (per TAD); Built in 2007
HIGHLIGHTS: - 93% occupied with stable tenantsincluding Subway, State Farm, Texan Allergy,Bardin Dental, and Curves- High growth trade area that includesArlington Highlands- Hampton Inn & Suites and Homewood Suitesdirectly across from center- Strong traffic profile (Over 35k CPD)- One block south of Interstate 20- SEQ E. Bardin Rd and S. Collins
FOR SALE
817-803-3287
Roger Smeltzer
www.visioncommercial.com
Price: $4,492,919 NOI (as of 9/2017)
$269,575.11Cap Rate: 6%
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Bardin Crossing Shopping Center OFFERING OVERVIEW
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600Roger Smeltzer
Vision Commercial is pleased to present the opportunity to acquire a
Multi-Tenanted, Value Add, 19,137-square foot Retail Shopping Center located
in South Arlington, Texas. Barding Crossing offers a triple net facility with a
diverse Tenant-mix. 14 suites comprised of a mix of Local and Regional, Retail
tenants, Bardin Crossing is purely a diverse asset. Bardin Crossing has easy
access to I30 and Highway 360 with 85,620 vehicles per day. The center is
equipped two monument signs facing Bardin Rd. and S. Collins which offers
tremendous visibility.
Property Information
Price $4,492,919
Price per Square Foot (GLA)
$234
Net Operating Income $269,575CAP Rate Current 6.00%
CAP Rate Proforma 6.71%
Total Suites 14
Tenants 13
Occupancy 93%
Vacancy 7%
Gross Leasable Area (GLA)
19,137
Lot Size (Acres) 2.47
Year Built 2007
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Bardin Crossing Shopping Center Retail Investment Opportunity
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
DEMOGRAPHICS (STDBonline.com 2016)
1 Mile 2 Mile 3 Mile 5 Mile
Population 7,300 51,335 135,918 328,399
2016-2021 Annual Rate 0.39% 0.38% 0.64% 0.86% Median HH Income $54,696 $54,284 $53,219 $57,660 Average HH Income $65,880 $65,674 $65,509 $72,967
TRAFFIC COUNT (STDBonline.com 2016)
Street Vehicles Per Day
S. Collins St. 35,434
9,343 E. Bardin Rd.
Bardin Crossing Shopping Center Demographics
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
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Bardin Crossing Shopping Center Area retail map
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
Oak Village Blvd.
SADDLE HILL
TEXAN ALLERGY
Bardin Crossing Shopping Center Site plan
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
NOT A PART
Bardin Crossing Shopping Center Survey
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
Suite Tenant SF
100 Subway 1,440
110 Donut 1,125
120 Bardin Dental 1,297
130 Lovely Nails 1,179
140 Saddle Hill Printing 1,000
150 The Beauty Lab 1,476
160 Foot Spa 1,328
Suite Tenant SF
110 Curves 1,953
100 Texan Allergy 2,107
Suite Tenant SF
100 Vacant 1,311
140 The Dog Spaw 1,380
150 Pretty Hair 1,020
160 House of Fades 1,140
170 State Farm 1,381
Bardin Crossing Shopping Center Tenant roster
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
Bardin Crossing Shopping Center 2016 Expense summary
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
Operating Expenses Cost
Administrative
Management Fees $14,550.00
Professional Fees $0.00
Office Supplies & Expense $1,204.00
Non-Recover Owner Exp $0.00
Miscelaneous Expense $0.00
Total Administrative Expense $15,754.00
Utilities
Electricity - C.A.M. $3,260.00
Water & Sewer - C.A.M. $3,071.00
Water & Sewer - Tenant $8,150.00
Total Utilities $14,481.00
Repair & Maintenance
Roof $0.00
Electrical $0.00
Signs $0.00
Plumbing $0.00
Keys & Locks $0.00
Miscellaneous R & M $0.00
Total Repair & Maintenance $0.00
Common Area Maintenance
Landscaping $10,647.00
Parking Lot $1,148.00
Security $1,200.00
Fire Protection $0.00
Trash Removal $7,872.00
Exterior Maintenance & Porter $9,030.00
Miscellaneous CAM $0.00
Total Commom Area $29,897.00
TOTAL CAM $60,132.00
Insurance $9,039.51
Ad Valorem Taxes $64,000.00
Total Operating Expenses $133,171.51
Expense Breakdown Total
Total CAM $3.14 $60,132.00
Insurance $0.47 $9,039.51
Property Taxes $3.34 $64,000.00
Total Operating Expenses $6.96 $133,171.51
Bardin Crossing Shopping Center Rent roll
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
***Saddle Hill Printing- R Inc to $1,333 on 11/1/17***Foot Spa- R Inc to $1,823.79 on 3/1/19 R Inc to $1,879 on 3/1/21 R Inc $1,935 on 3/1/2022***Texan Allergy- 3% Annual Cam Inc Cap ($3.30 in 2017)***Subway - R Inc $.25 annually***State Farm - Month to month starting 9/1/2017***Curves - R Inc to $1,676 on 1/1/2019 R Inc to $1,725 on 1/1/2020
Ste Space Size Lease Start Lease Exp
Net Base PSF
Net Base Rent
Rent Per Mo
Exp Paid PSF
GROSS Rent PSF
TOTAL INCOME
1100-100 Subway 1,440 12/11/08 08/31/22 $16.00 $23,040 $1,920 $6.96 $22.96 $33,061
1100-110 Donut 1,125 08/01/13 07/31/18 $19.65 $22,106 $1,842 $6.96 $26.61 $29,935
1100-120 Bardin Dental 1,297 07/01/12 12/31/19 $17.00 $22,049 $1,837 $6.96 $23.96 $31,075
1100-130 Lovely Nails 1,179 06/01/16 05/31/19 $17.99 $21,210 $1,768 $6.96 $24.95 $29,415
1100-140 Saddle Hill Printing
1,000 11/01/16 10/31/19 $16.00 $15,996 $1,333 $6.96 $22.95 $22,955
1100-150 Beauty Lab 1,476 09/01/16 08/31/21 $16.25 $23,985 $1,999 $6.96 $23.21 $34,256
1100-160 Foot Spa 1,328 03/01/16 02/28/23 $16.00 $21,248 $1,771 $6.96 $22.96 $30,489
1110-100 Texan Allergy 2,107 10/04/16 12/31/19 $15.00 $31,605 $2,634 $6.96 $21.96 $46,267
1110-110 Curves 1,953 01/01/16 12/31/21 $10.00 $19,530 $1,628 $6.96 $16.96 $33,121
1120-140 Dog Spaw 1,380 03/01/12 12/31/22 $17.48 $24,122 $2,011 $6.20 $23.68 $32,678
1120-150 Pretty Hair 1,020 12/01/14 02/28/19 $16.01 $16,330 $1,361 $6.96 $22.97 $23,428
1120-160 Fades Barber 1,140 06/01/15 08/31/20 $14.50 $16,530 $1,378 $6.96 $21.46 $24,463
1120-170 State Farm 1,381 09/01/12 12/31/17 $16.97 $23,436 $1,953 $6.96 $23.93 $33,046
1120-100 Vacant 1,311 N/A N/A N/A $0 $0 $0 $0 $0
Total Vacant 7% 1,311 Gross
Income $402,747
Total Occupied 93% 17,826
Rentable GLA 19,137
Bardin Crossing Shopping Center Income Overview
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
Overview
Price $4,492,919
Current Cap 6.00% 100% Occupied Cap 6.71%
Total Expense Breakdown Current 2018 Pro-Forma
Total CAM $60,132 $60,132
Insurance $9,040 $9,040
Property Taxes $64,000 $71,000
Total Expenses $133,172 $140,172
Total Expense Breakdown PSF (NNN) PSF (NNN)
Total CAM $3.14 $3.14
Insurance $0.47 $0.47
Property Taxes $3.34 $3.71
Total Expenses $6.96 $7.32
NOI Breakdown Current 2018 Pro-Forma
Gross Income $404,187 $443,031
- Total Expenses $133,172 $140,172
NOI $269,575 $302,859
Arlington (www.arlington-tx.gov) - 15 miles from Downtown Fort Worthand 20 miles from Downtown Dallas- 8 Miles from DFW Airport- Home to AT&T Stadium, Globe LifePark, and Six Flags Over Texas- New ballpark to serve as Texas Rangers’new home, multipurpose sports venue,and entertainment venue- Median Household Income (2015):$53,326- Population (as of 4th Quarter 2015): 369,646
SE Tarrant County - Tarrant County had nation’s 6th-largestpopulation jump 2015 to 2016- $2.5 Billion expansion of area infra-structure to accommodate high rate ofgrowth set for completion in 2015- Home to major corporations such asGeneral Motors, American Airlines, BellHelicopters, Chesapeake Energy,GameStop, Coca-Cola, CoorsDistributing Company, and Con-WayFreight
Bardin Crossing Shopping Center Market overview
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
Largest single-brand chain and restaurant operator globally - 42,000 restaurants in over 100 countries -
Long-time center tenant -
- First Curves opened in 1992 - Fitness and weight-loss facility for women- 1,035 locations in the United States
Founded in 1922 - Ranked #35 on the Fortune 500 list of largest companies -
18,000 agents, ,more than 35,000 employees -
- Family-owned print and cut company - Serves customers all over the world- Specializes in print media, packaging design, web development,graphic design
16 Locations in Texas - Comprehensive testing, in-depth education, and allergy treatment -
Allergy treatment options for patients of all ages -
Bardin Crossing Shopping Center Tenant overview
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
Bardin Crossing Shopping Center Retail Investment Opportunity
The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice.
817-320-2600www.visioncommercial.com
Roger Smeltzer [email protected]
