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50,336 SF SINGLE-TENA N T
A BSOLUTE N ET LEA SE
IN V ESTMEN T OPPORT U NIT Y
CONN'S HOMEPLUSN WQ S A M R AY BU R N TOL LWAY & I N T ER STAT E 35
L E W ISV I L L E , T E X A S
E XCLUSI V E L IST I NG BROK ER S
5950 Berkshire Lane, Suite 700 Dallas, Texas 75225
T 214.545.6900 edge-cm.com
CONFIDE NTIAL OFFE RING ME MOR ANDUM
CONN'S HOMEPLUSN WQ S A M R AY BU R N TOL LWAY & I N T ER STAT E 35
L E W ISV I L L E , T E X A S
BR ANDON BEESONPrincipal
JOHN MUNGIOLIAssociate
EDGE RE ALT Y CAPITAL MARKETS Conn's HomePlus / 3
TABLE OF CONTENTS
EXECUTIVE SUMMARY 5
THE PROPERTY 6
DETA I LS 7
LOCAT ION M A P 8
A ER I A L 9
THE FINANCIALS 11
T ENA N T I N FOR M AT ION / R EN T SCH EDU L E 12
CA SH F LOW 13
L E A SE A BST R ACT 14
T ENA N T PROF I L E 16
THE MARKET 17
M A R K ET OV ERV I E W - T E X A S 18
M A R K ET OV ERV I E W - DA L L A S -FORT WORT H M ET ROPL E X , T E X A S 19
DISCLAIMER 26
OV ERV I E W + Well-positioned along S Stemmons Freeway, as the Property benefits from having great signage and visibility from the service road, as well as multiple access points into the center
+ Surrounded by other retail, including Vista Ridge Mall, Lake Pointe Town Crossing (anchored by Super Target), Vista Ridge Plaza, and Costco
+ Part of Lakepointe Crossing shopping center, home to Academy, Toys R Us, At Home, and various outparcels
+ Six years remaining on initial 10-year absolute net lease; with three, 5-year options remaining – each with a 10% bump
PROPERT Y CONN'S HOMEPLUSGL A 50, 336 SF
PR ICE $5,732 ,012
LOCAT ION 2422 S STEMMONS FREEWAY / LEWISVILLE , TEX AS 75067 CA P R AT E 8.00%
EDGE RE ALT Y CAPITAL MARKETS Conn's HomePlus / 5
EXECUTIVE SUMMARY
IN V E ST M EN T OV ERV IEW
Conn’s (the “Property”) is a 50,336 square foot single-tenant retail asset located off S Stemmons Fwy (I-35) in Lewisville, Texas. The Property is located on the northeast corner of I-35 and Hebron Pkwy, along with other anchors Toys R Us, At Home, and Academy Sports and Outdoors. Conn’s sits directly across I-35 from Vista Ridge Mall, which features retailers such as Dillard’s, JCPenney, Macy’s, Sears, 130 specialty shops, and a Cinemark movie theater. Other surrounding retail includes Super Target and Costco, which will generate additional consumer traffic to the area.
There are currently six years remaining on the 10-year initial absolute net lease obligation, along with three, 5-year options with 10% bumps. Key lease terms include Landlord responsibility for roof and structure; and a corporate guaranty from Conn’s. For further detail regarding lease terms, property cash flow, and loan information, please refer to the Financials section.
TOP IN V E STOR M A R K ET
Dallas-Fort Worth-Arlington is the 4th largest metropolitan area in the nation. According to data from the US Census Bureau, the DFW metro area gains another person every four minutes and ten seconds. Dallas is the 9th most populous city in the US and the 3rd most populous city in the state.
Dallas is in the midst of massive population expansion, with the city’s northern suburbs attracting major employers and substantial mixed-use development. A rush of corporate relocations has kept North Texas on top of nationwide rankings, including Forbes’ best places to live.
Lewisville is an established and thriving economic hub in the DFW region with numerous advantages including superior access, great infrastructure, a low tax environment, and quality workforce. With its location just minutes from DFW International Airport, and straddling two major highways, Lewisville is perfectly positioned for easy access to the rest of North Texas.
DALL AS- FORT WORTH -ARLINGTON 4TH L ARGEST METROPOLITAN AREA IN THE NATION
DALL AS- FORT WORTH - ARLINGTON IS MA JOR CORPOR ATE HUB- HEADQUARTERS INCLUDE AMERICAN AIRLINES & TEX AS INSTRUMENTS
LEWISVILLE HAS THE MOST RETAIL SQUARE FOOTAGE PER CAPITA IN THE REGION
236,792 POPUL ATION WITHIN 5 MILE R ADIUS
$97,746 MEDIAN HOUSEHOLD INCOME WITHIN 5 MILE R ADIUS
GL A 50, 336 SF
PR ICE $5,732 ,012
PR ICE PSF $113.88
CA P R AT E 8.00%
THE PROPERTY
DETA I LS /
LOCAT ION M A P /
A ER I A LS /
Conn's HomePlus / 7EDGE RE ALT Y CAPITAL MARKETS
DETAILS
DEMOGR A PH IC SNA PSHOT
1 M I L E 3 M I L E 5 M I L E
TOTAL POPUL ATION 8,164 64,602 164,913
POPUL ATION GROW TH 2010 -2022 1.9% 2.1% 2.5%
AVER AGE HOUSEHOLD INCOME $90,963 $111,903 $116,258
A DDR E S S2422 S STEMMONS FREEWAYLEWISVILLE , TEX AS 75067
L A N D A R E A ± 3 .7 AC
GL A 50, 336 SF
Y E A R BU I LT 1990
OCCU PA NC Y 100%
PA R K I NG203 SPACES, INCLUDING 3 HANDICAP4.03 PER 1 ,000 SF
ZON I NG GB - GENER AL BUSINESS
TA X AU T HOR I T Y / I D DENTON COUNT Y / 158258
TA X VA LU E / R AT E $3,672 ,981 / 2 .08%
BU I L DI NG E X T ER IOR BRICK EX TERIOR
ROOF FL AT
H VAC CENTR AL UNITS
SI T E L IGH T I NG POLE AND BUILDING MOUNTED LIGHTS
PA R K I NG LOT CONCRETE , GOOD CONDITION
Conn's HomePlus / 8EDGE RE ALT Y CAPITAL MARKETS
LOCATION MAP
WAXAHACHIE
DESOTO
DUNCANVILLE
CLEBURNE
FORT WORTH
GRAPEVINE
CARROLLTON
FRISCO
DENTON
MCKINNEY
WEATHERFORD
MINERAL WELLS
DALLASMESQUITE
ENNIS
DFW AIRPORT
DALLAS LOVEFIELD AIRPORT
PROSPER
THE COLONY
COPPELL
FLOWERMOUND
LEWISVILLE
ALLEN
PLANO
KELLER
NORTHRICHLAND
HILLSLAKE WORTH
AZLE
BURLESON
MANSFIELD
MIDLOTHIAN
CEDAR HILLKAUFMAN
TERRELL
RICHARDSON
GRANBURY
IRVING
ARLINGTON
30
35E20
820
35W
635
75
175
121
161
360
114
12
35
35E
380
287
ROCKWALLGARLAND
ROWLETT
WYLIE
20
635
20
205
287
67
67
80
FARMERSVILLE
W CORPORATE DR
E ROUND GROVE RD
DEN
TON
TA
P RD
E ED
MO
ND
S LN
MAC
ARTH
UR BLV
D
W HEBRON PKWY
LAKEPOINTE DR
121
121
35E
35E
121
CONN'S HOMEPLUS 12
34
5
THE VILL AGE AT T WIN CREEKS
1,000 homes priced $400,000+
THE STAR
$1 Billion development home to the new Dallas Cowboy World Headquarters
GR ANDSCAPE
433 AC development anchored by Nebraska Furniture Mart of Texas
LEGACY
Home to JCPenney & Toyota Headquarters
CIT YLINE $1.5 Billion development anchored by Whole Foods & Look Cinemas
1
2
3
4
5
Conn's HomePlus / 9EDGE RE ALT Y CAPITAL MARKETS
AERIAL
Conn's HomePlus / 10
AERIAL
EDGE RE ALT Y CAPITAL MARKETS
PROPERT Y I N FOR M AT ION /
CA SH F LOW /
L E A SE A BST R ACT /
THE FINANCIALS
Conn's HomePlus / 12EDGE RE ALT Y CAPITAL MARKETS
PROPERTY INFORMATION
TENANT Conn's
ADDRESS 2422 S Stemmons Fwy
PROPERTY SF 50,336 sf
LEASE COMMENCEMENT January 1, 2014
LEASE EXPIRATION March 31, 2024
OPTIONS 3 x 5 years with 10% rent bumps
LEASE STRUCTURE Absolute Net
ADDITIONAL NOTES
ORIGINAL BALANCE $2,894,929
CURRENT BALANCE $2,704,730
INTEREST RATE 4.727%
ORIGINAL TERM / REMAINING TERM 120 months / 83 months
AMORTIZATION 300 months
MONTHLY DEBT SERVICE $16,495
ANNUAL DEBT SERVICE $197,940
OPEN WINDOW 120 days before Maturity
CURRENT DEFEASANCE COST
*Note: Loan information as of 12/14/2017 Morningstar report
DATE PER MONTH ANNUAL PSF
January 1, 2014 - March 31, 2014 $25,309.00 $303,708.00 $6.03
April 1, 2014 - September 31, 2015 $37,164.75 $445,976.96 $8.86
October 1, 2015 - March 31, 2019 $38,213.41 $458,560.96 $9.11
April 1, 2019 - March 31, 2024 $39,320.81 $471,849.66 $9.37
April 1, 2024 - March 31, 2029 (Option 1) $43,205.07 $518,460.80 $10.30
April 1, 2029 - March 31, 2034 (Option 2) $47,525.57 $570,306.88 $11.33
April 1, 2034 - March 31, 2039 (Option 3) $52,265.55 $627,186.56 $12.46
Property has a CMBS loan that must be assumed by Buyer. For more detail on the existing Loan, see 'Loan Details' below.
$421,379
LOAN DETAILS
LEASE DETAILS
RENT SCHEDULE
Conn's HomePlus / 13EDGE RE ALT Y CAPITAL MARKETS
CASH FLOW
CURRENT NOI $458,561
CAP RATE 8.00% YE 12/31/2018 YE 12/31/2019 YE 12/31/2020 YE 12/31/2021 YE 12/31/2022
PRICE $5,732,012 Cash Flow Before Debt Service* $458,561 $468,527 $471,850 $471,850 $471,850
PRICE PSF $113.88 Debt Service ($197,940) ($197,940) ($197,940) ($197,940) ($197,940)
Cash Flow After Debt Service $260,621 $270,587 $273,910 $273,910 $273,910
*Note: Lease is NNN; Cash Flow Before Debt Service will equal Tenant's Base Rent
Purchase Price $5,732,012
Balance of Assumed Loan $2,704,730
Required Equity ($3,027,282)
Cash on Cash 8.61% 8.94% 9.05% 9.05% 9.05%
5-YEAR PROJECTED CASH FLOW AND CASH-ON-CASH
Conn's HomePlus / 14EDGE RE ALT Y CAPITAL MARKETS
LEASE ABSTRACT
TENANT:
SQUARE FOOTAGE:
ORIGINAL SQUARE FOOTAGE:
ADDITIONAL SQUARE FOOTAGE: N/A
SPECIFIC USE:
DOCUMENTATION:
RENT COMMENCEMENT DATE:
LEASE EXPIRATION DATE:
TERM:
SECURITY DEPOSIT:
Period Per Month Annual PSF
January 1, 2014 - March 31, 2014 $25,309.00 $303,708.00 $6.03
April 1, 2014 - December 31, 2015 $37,164.75 $445,976.96 $8.86
January 1, 2016 - March 31, 2019 $38,213.41 $458,560.96 $9.11
April 1, 2019 - March 31, 2024 $39,304.03 $471,648.32 $9.37
Remaining Renewal Options
Term 1: April 1, 2024 - March 31, 2029 $43,205.07 $518,460.80 $10.30
Term 2: April 1, 2029 - March 31, 2034 $47,525.57 $570,306.88 $11.33
Term 3: April 1, 2034 - March 31, 2039 $52,265.55 $627,186.56 $12.46
RENEWAL OPTION(S):
CAM PAYMENTS:
INSURANCE PAYMENTS:
RE TAX PAYMENTS:
UTILITIES:
TENANT MAINTENANCE:
LANDLORD MAINTENANCE:
PERCENTAGE RENT:
BASE RENT:
3, 5-year renewal options remaining. Tenant must provide written notice of at least 180 days prior to the expiration of the term.
Tenant shall reimburse Landlord for all Insurance expenses.
Tenant shall reimburse Landlord for all Real Estate Tax expenses.
Tenant shall pay for all water, electricity, sewer and other utilities used in the premises.
Tenant shall (i) maintain and keep all the interior of the premises in good condition and repair, including all equipment, facilities and fixtures therein (ii) keep all glass, doors and skylights, clean and in good condition and (iii) keep the HVAC system serving the premises in good working order. Tenant shall also reimburse Landlord for 'Special Operating Expenses,' defined as all costs and expenses incurred by Landlord which are attributable to any improvements, capital expenditures, reapirs and replacements to the Premises or any equipment or machinery used in connection with the Leased Premises; i.e. expenses which are capitalized by Landlord in accordance with GAAP.
None.
N/A
Tenant shall reimburse Landlord for all CAM expenses.
January 1, 2014
March 31, 2024
10 years and 3 months
None.
Conn's Appliances
50,336
N/A
Premises shall be used for the operation of a Conn's HomePlus retail store.
Lease dated August 21, 2013.
Conn's HomePlus / 15EDGE RE ALT Y CAPITAL MARKETS
LEASE ABSTRACT
BREAKPOINT:
EXECUTOR:
GUARANTOR:
ASSIGNEE:
CO-TENANCY/TERMINATION:
EXCLUSIVES / RESTRICTIONS:
ESTOPPEL CERTIFICATE: Tenant shall provide an estoppel certificate in 20 days upon written request by the Landlord.
N/A
N/A
Conn Appliances, Inc
Conn's, Inc
N/A
N/A
Conn's HomePlus / 16EDGE RE ALT Y CAPITAL MARKETS
TENANT PROFILE
Conn’s Home Plus is a specialty retailer currently operating 116 retail locations in Alabama, Arizona, Colorado, Georgie, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. Conn’s sells furniture and related accessories for the living room, dining room and bedroom, as well as traditional and specialty mattresses; home appliances, including refrigerators, freezers, washers, dryers, dishwashers and ranges; a variety of consumer electronics, including LED, OLED, Ultra HD and internet-ready televisions, Blu-ray players, home theater and portable audio equipment; and home office products, including computers, printers and accessories. They also offer a variety of products on a seasonal basis. Unlike many of their competitors, Conn’s provides flexible in-house credit options for their customers in addition to third-party financing programs and third-party lease-to-own payment plans.
SI Z E 50, 336 SF
S& P R AT I NG B
STOCK SY M BOL CONN
W EBSI T E CONNS.COM
M A R K ET OV ERV I E W /
DEMOGR A PH ICS /
THE MARKET
Conn's HomePlus / 18EDGE RE ALT Y CAPITAL MARKETS
MARKET OVERVIEW - TEX AS
POPUL ATION
26,956,958
FASTEST GROWINGECONOMYIN THE U.S.
DALLAS# 3 FA ST E ST GROW I NG CI T Y 2 015
#1 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y
FORT WORTH# 8 FA ST E ST GROW I NG CI T Y 2 015
HOUSTON #1 FA ST E ST GROW I NG CI T Y 2 015
# 7 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y
AUSTIN # 2 FA ST E ST GROW I NG CI T Y 2 015
#12 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y
SAN ANTONIO#10 FA ST E ST GROW I NG CI T Y 2 015
#15 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y2nd
TOP STATE FOR JOB GROW TH457,000 JOBS CREATED IN 2014
L A RGE ST CI V I L I A NL A BOR WOR K FORCE:
13+ MILLION WORKERS
54L A RGE ST M EDICA L CEN T ER Texas Medical Center, Houston 2N D L A RGE ST CA NCER CEN T ER MD Anderson, Houston
OVER 3,000 COMPANIES HAVE LOCATED OR EXPANDED FACILITIES IN TEXAS SINCE 2009
BEST STATE FOR BUSINESSFOR THE 10TH YEAR IN A ROW BYCHIEF EXECUTIVE MAGAZINE
AWA R DED 2 014 GOV ER NOR’S CU P FOR THE MOST NEW & EXPANDED CORPORATE FACILITIES: 689
NO STATE INCOME TAX
2nd
FORT U N E 50 0 COM PA N IE SCA L L T EX A S HOM E
Conn's HomePlus / 19EDGE RE ALT Y CAPITAL MARKETS
MARKET OVERVIEW - DALLAS-FORT WORTH METROPLEX, TEX AS
ECONOMIC & CU LT U R A L
HUB OF NORTH TEXAS
LARGESTMETROPOLITAN AREA IN THE U.S.
LARGESTMETROPOLITAN AREA IN TEXAS
FASTEST R ATE OF JOB GROW THOF A N Y U. S . M ET ROPOL I TA N A R E A3.7% GROWTH OVER THE PAST YEAR
4th
#3 / DA LL AS#5 / FORT WORTH
FASTEST- GROWINGCITIES IN THE U.S.
1,200,000N E W R E SI DE N TS A DDE DOV E R T H E L A ST DEC A DE
DEMOGR A PHICS
POPULATION 6,993,185
TOTAL HOUSEHOLDS 2,552,859
AVERAGE HOUSEHOLD INCOME $81,226
MEDIAN AGE 33.7
BACHELOR DEGREE + 34.20%
TOTAL EMPLOYEES 3,375,900
L A RGE ST EM PLOY ER S
WAL-MART STORES INC. 52,700 Employees
AMERICAN AIRLINES GROUP INC. 23,700 Employees
BAYLOR HEALTH CARE SYSTEM 22,000 Employees
DALLAS INDEPENDENT SCHOOL DISTRICT 20,793 Employees
TEXAS HEALTH RESOURCES 16,205 Employees
BANK OF AMERICA 15,400 Employees
CITY OF DALLAS 13,000 Employees
JPMORGAN CHASE BANK N.A. 13,000 Employees
TEXAS INSTRUMENTS INC. 13,000 Employees
LOCKHEED MARTIN AERONAUTICS CO. 12,600 Employees
CENTRALLY LOCATED W IT H I N A FOU R HOU R F LIGH T F ROMA N Y M A JOR U.S. CIT Y
21 FORT U N E 50 0 COMPA NIES BA SED I N DA L L A S -FORT WORT H
Conn's HomePlus / 20EDGE RE ALT Y CAPITAL MARKETS
MARKET OVERVIEW - DALLAS-FORT WORTH METROPLEX, TEX AS
BILLY BOB’S TEX A SLARGEST HONKY TONK IN THE WORLD
STATE FA IR OF TEX A SLARGEST STATE FAIR IN THE U.S.
DA LL A S A RTS DISTR ICTLARGEST URBAN ARTS DISTRICT IN THE U.S.
M A JOR U N I V ER SITIE S
UNIVERSITY OF NORTH TEXAS 36,216 Students
THE UNIVERSITY OF TEXAS AT ARLINGTON 34,899 Students
THE UNIVERSITY OF TEXAS AT DALLAS 23,095 Students
TEXAS WOMEN'S UNIVERSITY 15,075 Students
SOUTHERN METHODIST UNIVERSITY 12,321 Students
TEXAS A&M UNIVERSITY - COMMERCE 11,272 Students
TEXAS CHRISTIAN UNIVERSITY 10,033 Students
DALLAS BAPTIST UNIVERSITY 5,445 Students
TEXAS WESLEYAN UNIVERSITY 2,606 Students
UNIVERSITY OF DALLAS 2,545 Students
UNIVERSITY OF NORTH TEXAS - DALLAS 2,575 Students
UT SOUTHWESTERN MEDICAL CENTER 1,844 Students
95.8%
DALLAS/FORT WORTH INTERNATIONAL AIRPORT: 3RD BUSIEST AIRPORT IN THE WORLD
DALLAS LOVE FIELD AIRPORT: CORPORATE HEADQUARTERS OF SOUTHWEST AIRLINES
44,100,000A N N UA L V I SI TOR S
HOME SALE PRICES UP FROM 2014 (2x NATIONAL RATE)
8.6%
LOWEST COST OF LIVINGOF T EN L A RGEST U.S.M ET ROPOLITA N A R E A S
Conn's HomePlus / 21EDGE RE ALT Y CAPITAL MARKETS
MARKET OVERVIEW - DALLAS-FORT WORTH METROPLEX, TEX AS
$120,943,919,400GROS S A N N UA L R ETA IL SA L E S
3,977,827 SF U N DER CONST RUCT ION
1,601,852 SF N ET A BSOR P T ION
900,310 SF COM PL ET IONS
92.5% OCCUPA NCYR ATE
$1.06 PSFAV ER AGE R EN TA L R AT E S
R ETA IL M A R K ET M U LTI-FA M ILY M A R K ET
16,581 UNITS U N DER CONST RUCT ION
5,765 UNIT N ET A BSOR P T ION
2,479 UNIT COM PL ET IONS
92.7% OCCUPA NCYR ATE
Conn's HomePlus / 22EDGE RE ALT Y CAPITAL MARKETS
DEMOGRAPHICS
1 M I R A DI US 3 M I R A DI US 5 M I R A DI US
POPUL ATION
E ST I M AT E D POP U L AT ION (2 016) 8,164 64,602 164,913
A DJ UST E D DAY T I M E DE MOGR A P H IC S AGE 16 OR OV E R (2 016) 4,187 39,888 94,346
E ST I M AT E D HOUS E HOL DS (2 016) 3,129 23,311 58,018
P ROJ ECT E D A N N UA L GROW T H 2 010 TO 2 0 21 1.9% 2.1% 2.5%
P ROJ ECT E D POP U L AT ION (2 0 21) 9,636 76,185 194,599
P ROJ ECT E D HOUS E HOL DS (2 0 21) 3,582 26,603 66,255
TOTA L E M P LOY E E S (2 016) 2,452 24,635 58,265
TOTA L DAY T I M E AT HOM E POP U L AT ION (2 016) 1,735 15,252 36,081
TOTA L E M P LOY E E S (% OF DAY T I M E POP U L AT ION 2 016) 58.6% 61.8% 61.8%
DAY T I M E AT HOM E (% OF DAY T I M E POP U L AT ION 2 016) 41.4% 38.2% 38.2%
BUSINESS DEMOGR APHICS
TOTA L BUSI N E S S E S 271 2,716 5,858
COM PA N Y H E A DQUA RT E R BUSI N E S S E S - 4 18
TOTAL AGE DISTRIBUTION
% POP U L AT ION AGE 0 - 9 10.9% 11.9% 12.8%
# POP U L AT ION AGE 0 - 9 891 7,688 21,027
AGE U N DE R 5 Y E A R S 454 3,578 9,681
AGE 5 TO 9 Y E A R S 437 4,110 11,346
AGE 10 TO 14 Y E A R S 485 4,830 13,355
AGE 15 TO 19 Y E A R S 491 4,500 11,825
AGE 2 0 TO 2 4 Y E A R S 487 3,149 8,392
AGE 2 5 TO 2 9 Y E A R S 591 3,941 10,279
AGE 3 0 TO 3 4 Y E A R S 590 3,996 10,542
AGE 35 TO 3 9 Y E A R S 557 4,451 11,999
AGE 4 0 TO 4 4 Y E A R S 529 4,805 13,072
AGE 4 5 TO 4 9 Y E A R S 684 5,582 14,817
AGE 5 0 TO 5 4 Y E A R S 668 5,310 13,329
AGE 55 TO 5 9 Y E A R S 589 4,652 11,180
Conn's HomePlus / 23
DEMOGRAPHICS
EDGE RE ALT Y CAPITAL MARKETS
1 M I R A DI US 3 M I R A DI US 5 M I R A DI US
TOTAL AGE DISTRIBUTION
AGE 6 0 TO 6 4 Y E A R S 530 3,734 8,534
AGE 6 5 TO 6 9 Y E A R S 355 2,720 6,039
AGE 70 TO 74 Y E A R S 313 2,081 4,331
AGE 75 TO 7 9 Y E A R S 183 1,335 2,719
AGE 8 0 TO 8 4 Y E A R S 101 878 1,705
AGE 8 5 Y E A R S OR OV E R 119 951 1,770
M E DI A N AGE 39.2 38.9 37.4
R ACE & ETHNICIT Y
% W H I T E 74.7% 75.6% 73.6%
% BL ACK OR A F R IC A N A M E R IC A N 10.2% 7.6% 8.1%
% A M E R IC A N I N DI A N OR A L A S K A NAT I V E 0.7% 0.6% 0.6%
% A SI A N 6.8% 7.2% 8.0%
% H AWA I I A N OR PACI F IC I S L A N DE R 0.1% 0.1% 0.1%
% H I S PA N IC POP U L AT ION 18.5% 20.1% 20.3%
% NOT H I S PA N IC POP U L AT ION 81.5% 79.9% 79.7%
HOUSEHOLD INCOME
E ST I M AT E D M E DI A N HOUS E HOL D I NCOM E $77,950 $94,616 $97,746
E ST I M AT E D AV E R AGE HOUS E HOL D I NCOM E $90,963 $111,903 $116,258
E ST I M AT E D P E R C A PI TA I NCOM E $34,942 $40,406 $40,925
HOUSEHOLD INCOME DISTRIBUTION
% H H I NCOM E U N DE R $10 ,0 0 0 2.7% 1.8% 1.9%
% H H I NCOM E $10 ,0 0 0 TO $14 , 9 9 9 2.0% 1.1% 1.5%
% H H I NCOM E $15,0 0 0 TO $ 2 4 , 9 9 9 6.2% 5.9% 5.1%
% H H I NCOM E $ 2 5,0 0 0 TO $ 3 4 , 9 9 9 7.7% 6.8% 6.4%
% H H I NCOM E $ 35,0 0 0 TO $ 4 9, 9 9 9 11.8% 11.7% 10.7%
% H H I NCOM E $ 5 0 ,0 0 0 TO $74 , 9 9 9 22.2% 16.6% 15.8%
% H H I NCOM E $75,0 0 0 TO $ 9 9, 9 9 9 14.9% 14.1% 14.5%
% H H I NCOM E $10 0 ,0 0 0 TO $12 4 , 9 9 9 12.8% 11.5% 12.3%
% H H I NCOM E $12 5,0 0 0 TO $14 9, 9 9 9 6.9% 8.7% 9.0%
% H H I NCOM E $15 0 ,0 0 0 TO $19 9, 9 9 9 8.4% 11.4% 11.6%
% H H I NCOM E $ 2 0 0 ,0 0 0 OR MOR E 4.4% 10.4% 11.2%
Conn's HomePlus / 24
DEMOGRAPHICS
EDGE RE ALT Y CAPITAL MARKETS
1 M I R A DI US 3 M I R A DI US 5 M I R A DI US
EDUCATIONAL ATTAINMENT
A DU LT POP U L AT ION AGE 2 5 Y E A R S OR OV E R 5,810 44,435 110,315
% E L E M E N TA RY (GR A DE L E V E L 0 TO 8) 4.0% 3.6% 4.2%
% SOM E H IGH SCHOOL (GR A DE L E V E L 9 TO 11) 3.8% 4.4% 4.0%
% H IGH SCHOOL GR A DUAT E 26.6% 20.6% 19.5%
% SOM E COL L EGE 24.7% 24.0% 22.9%
% A S SOCI AT E DEGR E E ON LY 7.0% 8.4% 8.0%
% BACH E LOR DEGR E E ON LY 25.8% 27.9% 29.3%
% GR A DUAT E DEGR E E 8.1% 11.0% 12.1%
HOUSING UNITS
TOTA L HOUSI NG U N I TS 3,129 23,311 58,018
% HOUSI NG U N I TS OW N E R- OCC U PI E D 68.5% 73.0% 71.7%
% HOUSI NG U N I TS R E N T E R- OCC U PI E D 31.5% 27.0% 28.3%
2010 CENSUS DEMOGR APHICS
CE NSUS POP U L AT ION (2 010) 7,867 60,574 150,368
CE NSUS POP U L AT ION I N HOUS E HOL DS (2 010) 7,791 60,430 150,063
% FA M I LY HOUS E HOL DS (2 010) 70.1% 74.6% 75.2%
% NON-FA M I LY HOUS E HOL DS (2 010) 29.9% 25.4% 24.8%
F E M A L E POP U L AT ION (2 010) 3,958 30,893 75,963
% F E M A L E POP U L AT ION (2 010) 50.3% 51.0% 50.5%
M A L E POP U L AT ION (2 010) 3,909 29,681 74,405
% M A L E POP U L AT ION (2 010) 49.7% 49.0% 49.5%
2010 HOME VALUE
% HOM E VA LU E S U N DE R $10 ,0 0 0 2.2% 1.1% 1.1%
% HOM E VA LU E S $10 ,0 0 0 TO $ 2 4 , 9 9 9 1.4% 1.0% 1.1%
% HOM E VA LU E S $ 2 5 ,0 0 0 TO $ 3 4 , 9 9 9 0.5% 0.2% 0.3%
% HOM E VA LU E S $ 35 ,0 0 0 TO $ 4 9, 9 9 9 0.7% 0.3% 0.3%
% HOM E VA LU E S $ 5 0 ,0 0 0 TO $ 5 9, 9 9 9 0.1% 0.3% 0.3%
% HOM E VA LU E S $ 6 0 ,0 0 0 TO $ 6 9, 9 9 9 0.4% 0.5% 0.5%
% HOM E VA LU E S $70 ,0 0 0 TO $7 9, 9 9 9 0.1% 0.6% 0.6%
Conn's HomePlus / 25
DEMOGRAPHICS
EDGE RE ALT Y CAPITAL MARKETS
1 M I R A DI US 3 M I R A DI US 5 M I R A DI US
2010 HOME VALUE
% HOM E VA LU E S $ 8 0 ,0 0 0 TO $ 8 9, 9 9 9 0.9% 1.3% 1.3%
% HOM E VA LU E S $ 9 0 ,0 0 0 TO $ 9 9, 9 9 9 0.6% 1.7% 1.3%
% HOM E VA LU E S $10 0 ,0 0 0 TO $12 4 , 9 9 9 5.5% 4.9% 5.6%
% HOM E VA LU E S $12 5,0 0 0 TO $14 9, 9 9 9 18.0% 11.2% 9.8%
% HOM E VA LU E S $15 0 ,0 0 0 TO $174 , 9 9 9 15.7% 14.4% 14.0%
% HOM E VA LU E S $175,0 0 0 TO $19 9, 9 9 9 11.8% 11.9% 10.5%
% HOM E VA LU E S $ 2 0 0 ,0 0 0 TO $ 2 4 9, 9 9 9 20.1% 20.0% 19.4%
% HOM E VA LU E S $ 2 5 0 ,0 0 0 TO $ 2 9 9, 9 9 9 8.2% 11.2% 12.6%
% HOM E VA LU E S $ 3 0 0 ,0 0 0 TO $ 3 9 9, 9 9 9 8.4% 14.1% 14.9%
% HOM E VA LU E S $ 4 0 0 ,0 0 0 TO $ 4 9 9, 9 9 9 3.5% 6.9% 7.4%
% HOM E VA LU E S $ 5 0 0 ,0 0 0 TO $74 9, 9 9 9 2.8% 4.4% 5.1%
% HOM E VA LU E S $75 0 ,0 0 0 TO $ 9 9 9, 9 9 9 0.7% 0.8% 1.1%
% HOM E VA LU E S $1,0 0 0 ,0 0 0 OR MOR E 0.1% 0.4% 0.5%
OW N E R- OCC U PI E D M E DI A N HOM E VA LU E $185,569 $214,263 $224,772
EDGE Realty Capital Markets exclusively presents the listing of Conn's HomePlus (“Property”) for your acquisition. The owner is offering for sale the Property through its exclusive listing with the team.
EDGE Realty Capital Markets and owner provides the material presented herein without representation or warranty. A substantial portion of information must be obtained from sources other than actual knowledge and not all sources can be absolutely confirmed. Moreover, all information is subject to changes by the parties involved as to price or terms before sale, to withdrawal of the Property from the market, and to other events beyond the control of EDGE Realty Capital Markets or
owner. No representation is made as to the value of this possible investment other than hypothetical scenarios. It is encouraged that you or any of your affiliates consult your business, tax and legal advisors before making a final determination of value or suitability of the Property for acquisition.
As a condition of EDGE Realty Capital Markets’ consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by EDGE Realty Capital Markets, owner or agents of either of these parties regarding the Property–it is required that you agree to treat all such information confidentially.
DISCLAIMER
E XCLUSI V E L IST I NG BROK ER S
5950 Berkshire Lane, Suite 700 Dallas, Texas 75225
T 214.545.6900 edge-cm.com
CONFIDE NTIAL OFFE RING ME MOR ANDUM
CONN'S HOMEPLUSN WQ S A M R AY BU R N TOL LWAY & I N T ER STAT E 35
L E W ISV I L L E , T E X A S
BR ANDON BEESONPrincipal
WILSON STAFFORDSenior Vice President