Sale Type Investment Status Active Date Apr 2015 Sale Type Investment Cap Rate 9.00% GLA 10,775 SF Stories 1 Typical Floor 10,775 SF Docks None Construction Masonry Year Built 1980 Year Renov 2014 Tenancy Multi Owner Occup No Elevators None Sprinklers None Land Acres 0.93 AC Bldg FAR 0.27 Land SF 40,595 SF Dedicated Turn Lane Signalized Intersection 5 Other Tenants For Sale Price Negotiable Sold Price $1,345,000 ($124.83/SF) Financing 1st Mortgage: Synergy Bk Ssb Bal/Pmt: $1,030,750/ Type 3 Star Retail Storefront (Strip Center) Center 6500 Plaza Parking 80 free Surface Spaces are available; Ratio of 7.27/1,000 SF Frontage 222' on Precinct Line Rd(FM 3029) Mid Cities Taxes $1.51/SF (2014) Opex $1.05/SF (2014) Total Expenses $2.56/SF (2014) Zoning GB, Hurst Parcel 02255189, 02255200, 04739442 Name SF Occupied QMart 2,400 SF Resale Shop 1,898 SF Stage Notes 1,880 SF Vip Spa Nail 1,232 SF Istone Flooring 1,088 SF Airport Drive Distance Dallas/Fort Worth International Airport 23 min 15.5 mi Dallas Love Field Airport 37 min 24.2 mi Smallest Space 2,000 SF Max Contiguous 2,000 SF # of Spaces 1 Retail Avail 2,000 SF 4 Other Lease Comps Vacant 2,000 SF % Leased 81.4% Asking Rent $10.00/SF Triple Net CAM $4.50/SF Floor SF Available Use Rent P 1st 2,000 SF Retail $10.00/NNN Sign Date SF Leased Use Rent Rent Type Sep 2014 800 SF Retail $11.00/NNN Asking Sep 2014 1,088 SF Retail $11.00/NNN Asking May 2014 1,898 SF Retail $11.00/NNN Asking Sep 2013 997 SF Retail $11.00/NNN Asking Aug 2013 480 SF Retail $11.00/NNN Asking True Owner K & Q Investments Recorded Owner Knq Inc Owner Type Other Private Property Manager Japage Realty Primary Leasing Agape Commercial Real Estate Group Sale Broker Max Tsai 6500 Precinct Line Rd 6500 Plaza Hurst, TX 76054 Hurst/Euless/Bedford Ret Submarket 10,775 SF For Sale 2,000 SF Available For Lease 10,775 SF Retail Storefront (Strip Center) Building Renovated In 2014 Built In 1980 Sale Building Land Tenants Amenities Public Transportation For Lease Space Leasing Activity Market Conditions Current YOY Change Vacancy Rates Current Building 18.6% 1.0% Submarket 24 Star 9.3% 0.9% Market Overall 6.3% 0.7% NNN Asking Rents Per SF Current Building $10.00 9.1% Submarket 24 Star $12.26 1.7% Market Overall $14.16 0.4% Submarket Leasing Activity 12 Mo. Leased SF 195,800 55.2% Months on Market 29.9 0.5 mo Submarket Sales Activity Current Prev Year 12 Mo. Sales Volume (Mil.) $8.7 $17.6 12 Mo. Price Per SF $195 $98 Property Contacts

6500 Precinct Line Rd - Welcome to Colleyville - City of ... · PDF fileMid Cities Blvd Bentridge Rd 16,808 2014 0.24 mi Property ID: 534028 Location Demographics Traffic Assessment

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Page 1: 6500 Precinct Line Rd - Welcome to Colleyville - City of ... · PDF fileMid Cities Blvd Bentridge Rd 16,808 2014 0.24 mi Property ID: 534028 Location Demographics Traffic Assessment

6/22/2015 CoStar Property®

http://property2.costar.com/Property/Detail/Detail.aspx?t=1&id=8814324&inc=1 1/5

Sale Type Investment Status Active

Date Apr 2015Sale Type Investment

Cap Rate 9.00%

GLA 10,775 SFStories 1Typical Floor 10,775 SFDocks NoneConstruction Masonry

Year Built 1980Year Renov 2014Tenancy MultiOwner Occup NoElevators NoneSprinklers None

Land Acres 0.93 ACBldg FAR 0.27

Land SF 40,595 SF

Dedicated Turn Lane Signalized Intersection

5 Other Tenants

For Sale Price Negotiable

Sold Price $1,345,000 ($124.83/SF)

Financing 1st Mortgage: Synergy Bk SsbBal/Pmt: $1,030,750/

Type 3 Star Retail Storefront (Strip Center)Center 6500 Plaza

Parking 80 free Surface Spaces are available; Ratio of7.27/1,000 SF

Frontage 222' on Precinct Line Rd(FM 3029)Mid Cities

Taxes $1.51/SF (2014)Opex $1.05/SF (2014)Total Expenses $2.56/SF (2014)

Zoning GB, HurstParcel 02255189, 02255200, 04739442

Name SF OccupiedQMart 2,400 SFResale Shop 1,898 SFStage Notes 1,880 SFVip Spa Nail 1,232 SFIstone Flooring 1,088 SF

Airport Drive Distance

Dallas/Fort Worth International Airport 23 min 15.5 mi

Dallas Love Field Airport 37 min 24.2 mi

Smallest Space 2,000 SFMax Contiguous 2,000 SF# of Spaces 1

Retail Avail 2,000 SF

4 Other Lease Comps

Vacant 2,000 SF% Leased 81.4%Asking Rent $10.00/SF Triple NetCAM $4.50/SF

Floor SF Available Use RentP 1st 2,000 SF Retail $10.00/NNN

Sign Date SF Leased Use Rent Rent TypeSep 2014 800 SF Retail $11.00/NNN AskingSep 2014 1,088 SF Retail $11.00/NNN AskingMay 2014 1,898 SF Retail $11.00/NNN AskingSep 2013 997 SF Retail $11.00/NNN AskingAug 2013 480 SF Retail $11.00/NNN Asking

True Owner K & Q InvestmentsRecorded Owner Knq IncOwner Type Other PrivateProperty Manager Japage Realty

Primary Leasing Agape Commercial Real Estate GroupSale Broker Max Tsai

6500 Precinct Line Rd6500 PlazaHurst, TX 76054 Hurst/Euless/Bedford Ret Submarket10,775 SF For Sale 2,000 SF Available For Lease10,775 SF Retail Storefront (Strip Center) Building Renovated In 2014 Built In 1980

Sale

Building

Land

Tenants

Amenities

Public Transportation

For Lease

Space

Leasing Activity

Market Conditions Current YOY ChangeVacancy Rates

Current Building 18.6% 1.0%Submarket 24 Star 9.3% 0.9%Market Overall 6.3% 0.7%

NNN Asking Rents Per SFCurrent Building $10.00 9.1%Submarket 24 Star $12.26 1.7%Market Overall $14.16 0.4%

Submarket Leasing Activity12 Mo. Leased SF 195,800 55.2%Months on Market 29.9 0.5 mo

Submarket Sales Activity Current Prev Year12 Mo. Sales Volume (Mil.) $8.7 $17.612 Mo. Price Per SF $195 $98

Property Contacts

http://www.buildingratingsystem.com/

Page 2: 6500 Precinct Line Rd - Welcome to Colleyville - City of ... · PDF fileMid Cities Blvd Bentridge Rd 16,808 2014 0.24 mi Property ID: 534028 Location Demographics Traffic Assessment

6/22/2015 CoStar Property®

http://property2.costar.com/Property/Detail/Detail.aspx?t=1&id=8814324&inc=1 2/5

Zip 76054Submarket Hurst/Euless/Bedford RetSubmarket Cluster MidCities RetMarket Dallas/Ft WorthCounty TarrantState TexasCBSA DallasFort WorthArlington, TXDMA DallasFt Worth, TXMap (Page) Mapsco 38 VF 8.3% 8.0%

8.4% 7.9%

Made with TrafficMetrix® Products

1 Mi 3 MiPopulation 9,372 100,022Households 3,653 39,271Average Age 43.40 40.10Median HH Income $95,371 $76,016Daytime Employees 5,360 39,933

Population Growth '15'20Household Growth '15'20

Collection Street Cross Street Traffic Vol Year DistancePrecinct Line Rd Regency Dr 22,430 2014 0.03 miMartin Dr Springbrook Dr 3,665 2014 0.08 miPrecinct Line Rd Martin Dr 22,691 2014 0.12 miMartin Dr Valley View Dr 3,131 2009 0.14 miMid Cities Blvd Bentridge Rd 16,808 2014 0.24 mi

Property ID: 534028

Location Demographics

Traffic

Assessment2014 Assessment

ImprovementsLand

Total Value

$259,925 $345,075$605,000

$23.89/SF $8.50/SF$14.90/SF

45% of last …