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Exclusively Offered By: Ty Underwood 214-520-8818 ext. 4 Fax: 214-520-8815 [email protected] SLJ COMPANY, LLC 4311 W. Lovers Lane, Suite 200 Dallas, TX 75209 214-520-8818 TEXAS CAR TITLE & PAYDAY LOANS FOR SALE 3909 ALTAMESA BLVD, FORT WORTH, TX 76133 CONFIDENTIAL OFFERING MEMORANDUM

CONFIDENTIAL OFFERING MEMORANDUM TEXAS CAR TITLE & PAYDAY … · 2018. 10. 17. · Texas Car Title and Payday Loan Services, Inc. is the leading credit access business in Texas. Every

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Page 1: CONFIDENTIAL OFFERING MEMORANDUM TEXAS CAR TITLE & PAYDAY … · 2018. 10. 17. · Texas Car Title and Payday Loan Services, Inc. is the leading credit access business in Texas. Every

Exclusively Offered By:Ty Underwood

214-520-8818 ext. 4Fax: 214-520-8815

[email protected]

SLJCOMPANY, LLC4311 W. Lovers Lane, Suite 200Dallas, TX 75209214-520-8818

TEXAS CAR TITLE & PAYDAY LOANS FOR SALE3909 ALTAMESA BLVD, FORT WORTH, TX 76133

CONFIDENTIAL OFFERING MEMORANDUM

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TABLE OF CONTENTS

I. 2AERIAL PHOTOGRAPHS

II. 4PROPERTY POTOGRAPHS

III. 6EXECUTIVE SUMMARY

IV. 7PROPERTY PROFILE

V. 8FINANCIAL & LEASE INFORMATION

VI. 9SURVEY

VII. 10LOCATION MAP

VIII. 11LOCATION OVERVIEW

IV. 12DEMOGRAPHICS

X. 13DISCLAIMER & DISCLOSURE

3909 ALTAMESA BLVD | 1

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SITE

AERIAL PHOTOGRAPH 3909 ALTAMESA BLVD | 2

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AERIAL PHOTOGRAPH 3909 ALTAMESA BLVD | 3

Page 5: CONFIDENTIAL OFFERING MEMORANDUM TEXAS CAR TITLE & PAYDAY … · 2018. 10. 17. · Texas Car Title and Payday Loan Services, Inc. is the leading credit access business in Texas. Every

PROPERTY PHOTOGRAPH 3909 ALTAMESA BLVD | 4

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PROPERTY PHOTOGRAPH 3909 ALTAMESA BLVD | 5

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EXECUTIVE SUMMARY & HIGHLIGHTS

EXECUTIVE SUMMARY

SLJ Company, LLC has been exclusively retained to offer Texas Car Title & Payday LoanServices, Inc., a 1,610 square foot property, situated on 0.68 acres in Fort Worth, Texas.Texas Car Title & Payday Loan Services, Inc. currently has five years remaining on a five-year, triple-net lease.

Texas Car Title & Payday Loan Services, Inc. is situated on Altamesa Boulevard insouthwest Fort Worth. The property is located in a densely populated area and the dailytraffic counts along Altamesa Boulevard exceed 21,000 vehicles per day. Texas Car Title& Payday Loan Services, Inc. also benefits from being located in an area with minimalcompetition.

Overall, Texas Car Title & Payday Loan Services, Inc., allows an investor to obtain a triple-net lease, with minimal landlord responsibility in Fort Worth, Texas.

PROPERTY HIGHLIGHTS

• Under Replacement Cost

• Proven Location in Option Period

• Corporate Guarantee

• Population Over 138,000 Within a 3 Mile Radius

• Average Household Income of $74,065 Within a 3 Mile Radius

• Traffic Counts Exceed 21,000 Vehicles Per Day

3909 ALTAMESA BLVD | 6

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PROPERTY PROFILE

LOCATIONThe subject property is located at 3909 Altamesa Blvd, at the signalized intersection of AltamesaBlvd and Woodway Dr, in Fort Worth, Texas 76133.

PRICE$642,919

CAP RATE9.25%

NET OPERATING INCOME$59,470

GROSS LEASABLE AREA1,610 Square Feet

LAND AREA0.6788 Acres (29,568 Square Feet)

YEAR BUILT1985

FINANCINGFree & Clear

ZONING E – Neighborhood Commercial

TRAFFIC COUNTSAltamesa Blvd: 21,390 VPD (2017)Woodway Dr: 11,510 VPD (2017)

MINERALSNone

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FINANCIAL & LEASE INFORMATIONRENT ROLL

% of Current Lease Term Current Base Rent / Yr. Rent RenewalTenant SF Bldg Start End Term PSF Total Increases Options

Texas Car Title& Payday Loan 1,610 100% 02/01/2019 01/31/2024 5 years $36.94 $59,470 None NoneServices, Inc.

TOTAL 1,610 100% $36.94 $59,470

ANNUALIZED OPERATING DATAYears Commencement Annual Rent Increase

1-5 02/01/2019 $59,470 -

Net Operating Income (NOI) $59,470.00

Texas Car Title and Payday Loan Services, Inc. is theleading credit access business in Texas. Every day at morethan 200 locations throughout Texas, Texas Car Title &Payday Loan Services, Inc. is committed to helpingcustomers get the best deal on a Car Title Loan or PaydayLoan.

TENANT SUMMARYTenant Texas Car Title & Payday Loans, Inc.

Ownership Private

Number of Locations 200+

Website http://texas514cash.com/LEASE SUMMARY

Lease Term 5 Years

Lease Commencement 02/01/2019

Lease Expiration 01/31/2024

Remaining Term 5 Years

Lease Type NNN

Roof & Structure Landlord

Options Remaining None

Option to Purchase None

29. TERMINATION. After the seventeenth (17th) month of the Lease, or any extension hereto, Tenant may terminate this lease upon thirty (30) days notice to the Landlord and by paying to the Landlord a termination fee equal to (i) six month’s rent and other sums due hereunder at the then applicable monthly rental rate, plus (ii) an amount equal to Landlord’s unamortized leasing commissions incurred in connection with this lease and (iii) payment and performance of all other obligations of Tenant hereunder through the effective date of any such termination.

LEASE NOTES

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SURVEY 3909 ALTAMESA BLVD | 9

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LOCATION MAP 3909 ALTAMESA BLVD | 10

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FORT WORTH, TEXASThe city of Fort Worth is often referred to as “Where theWest Begins.” Fort Worth is the 17th-largest city in theUnited States of America and the fifth-largest city in thestate of Texas. Located in North Central Texas, and covers nearly 350 square miles (910 km2) in Tarrant, Denton, Parker and Wise counties. According to the 2013 census estimates, Fort Worth had a population of 792,727. The city is also home to Texas Christian University, Texas Wesleyan University, University of North Texas Health Science Center, Texas A&M University School of Law, and many multinational corporations including Bell Helicopter, Lockheed Martin, American Airlines, American Airlines Group (and subsidiaries American Airlines and Envoy Air), the John Peter Smith Hospital, Pier 1 Imports, RadioShack, the BNSF Railway, and Lockheed Martin. In 2013, Fort Worth-Arlington ranked No. 15 on Forbes’ list of the Best Places for Business and Careers.

The Fort Worth Stockyards now celebrates Fort Worth’slong tradition as a part of the cattle industry and was listed on the National Register as a historical district in 1976. The listing included 46 contributing buildings and one other contributing structure.

The Stockyards consist of mainly entertainment andshopping venues that capitalize on the “Cowtown” image

of Fort Worth. Home to the famous boot making company M.L. Leddy’s which is located in the heart of the Stockyards and The Maverick Fine Western Wear and Saloon where customers “can ‘belly up’ to the bar, relax and have a cold beer while in the Stockyards; just like they did in the days of the big cattle drives”, as they shop around the store. Many bars and nightclubs (including Billy Bob’s Texas) are located in the vicinity, there is also an opry and a rodeo. The Fort Worth Stockyards are the last standing stockyards in the United States.

LOCATION OVERVIEW 3909 ALTAMESA BLVD | 11

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0.00%

10.00%

20.00%

30.00%

40.00%

SomeHigh

School

HighSchool

Graduate

SomeCollege

AssociateDegree

BachelorDegree

AdvancedDegree

1 Mile

3 Mile

5 Mile

0.00%

20.00%

40.00%

60.00%

80.00%

CivilianEmployed

CivilianUnemployed

Civilian Non-Labor Force

Armed Forces

1 Mile

3 Mile

5 Mile

POPULATION BY EDUCATION

POPULATION BY OCCUPATION CLASS

RADIUS 1 MILE 3 MILE 5 MILE2023 Projection 16,648 148,729 265,1782018 Estimate 15,568 138,379 246,3892010 Census 14,596 125,347 219,797Growth 2018 – 2023 6.94% 7.48% 7.63%Growth 2010 – 2018 6.66% 10.40% 12.10%

RADIUS 1 MILE 3 MILE 5 MILE2018 Avg Household Income $69,220 $74,065 $78,884

2018 Med Household Income $54,906 $58,432 $57,639

2018 Median Home Value $143,540 $145,807 $153,693

INCOME COMPARISONS

POPULATION

RADIUS 1 MILE 3 MILE 5 MILE2023 Projection 6,587 55,437 97,1612018 Estimate 6,173 51,676 90,3752010 Census 5,831 47,152 81,257Growth 2018 – 2023 6.71% 7.28% 7.51%Growth 2010 – 2018 5.87% 9.59% 11.22%

HOUSEHOLDS

RADIUS 1 MILE 3 MILE 5 MILE2018 Median Age 38.90 34.20 33.602018 Average Age 39.70 35.70 35.40

AGE

DEMOGRAPHICS 3909 ALTAMESA BLVD | 12

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DISCLAIMER & DISCLOSURE

The material contained in this Memorandum isconfidential, furnished solely for the purpose ofconsidering an investment in the properties describedherein, and is not to be used for any other purpose, ormade available to any other person without theexpress written consent of the SLJ Company, LLC. Thematerial is based, in part, upon information obtainedfrom third party sources, which SLJ Company, LLCdeems to be reliable. However, no warranty orrepresentation is made by SLJ Company, LLC or itsaffiliates, agents, or representations as to the accuracyor completeness of the information contained herein.Prospective investors should make their owninvestigations, projections, and conclusions regardingthis investment.

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