Verizon - Angleton, TX

ANGLETON, TX

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

Offering Summary

Price $1,050,000

Cap Rate 6.75%

Net Operating Income $70,800

Year Built 1995

Gross Leasable Area 6,109 SF

Lot Size 0.49 Acres

LeaSe Summary

Lease Term 5 Years

Lease Commencement 9/1/2016

Lease Expiration 8/31/2021

Remaining Term 5+ Years

Lease Type NNN

Roof & Structure Tenant

Increases Option Periods

Options 2 x 5 Year

Options to Purchase None

AnnuAlized OperAting dAtA

Year(s) Commencement Annual Increase

1-5 9/1/2016 $70,800 -

Option 1: 6-10 9/1/2021 $81,924 15.71%

Option 2: 11-15 9/1/2026 $85,200 4.00%

net Operating incOme $70,800

Verizon1805 N Velasco StreetAngleton, TX 77515

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TENANT INFORMATION

cOmpany Summary

Company Verizon

Ownership Public

Rating BBB+

Agency Standard & Poor’s

Ticker Symbol VZ

Exchange NYSE

Market Cap 214.58 Billion

Sales Volume 2.487 Million

Number of Locations 2,330

Years In Business 32 Years

Headquarters Baksing Ridge, NJ

Website www.verizonwireless.com

Verizon Wireless is an innovative wireless communications company that connects people and businesses with the most advanced wireless technology and service available. The company launched the nation’s first 3G wireless broadband network. They were also the first tier-one wireless provider in the nation to build and operate a 4G LTE network. With 4G LTE, their customers can access the Internet and stream media faster than ever—and experience their mobile world in real-time. As the nation’s largest wireless company, they serve 109.5 million retail connections and operate more than 1,700 retail locations in the United States. Globally, they offer voice and data services in more than 200 destinations. Verizon Wireless is wholly owned by Verizon Communications Inc. and is headquartered in Basking Ridge, N.J.

Cellular Sales is a premium retailer for Verizon Wireless products and services. Since 1993, when the company was founded in Knoxville, TN as a retailer for Cellular One, Cellular Sales has experienced more than 20 consecutive years of positive growth. For the past five years, Inc. Magazine has named Cellular Sales one of the nation’s fastest growing retail companies in the country. This year, Inc. Magazine listed Cellular Sales at No. 61 on its list of the nation’s fastest growing retail companies according to gross dollars of growth. The company’s success is due to its focus on customer service and the sales professionals who drive those experiences.

tenant Summary

Tenant Cellular Sales

Ownership Private

Number of Locations 550+

Years In Business 22 Years

Headquarters Knoxville, TN

Website www.cellularsales.com

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INVESTMENT HIGHLIGHTS

• Pad Site to 128,000 Square Foot Super Walmart

• Highly Desirable Location - Strong Real Estate Fundamentals

• Strong Corp Guarantee by Cellular Sales. – Over 560 Locations Nationwide

• Tenant Just Replaced Entire Roof at Their Own Expense (Over $40,000) – Shows Strong Commitment to Site

• Triple Net Lease – No Landlord Responsibilities

• Lease was Recently Extended for an Additional 5 Years – Next Option has 15.7% Increase

• Building Could Easily be Retrofitted to Multi-Tenant – Allows Additional Flexibility to Ownership

• Located in Main Retail Corridor – Surrounding Tenants Include Kroger, Aaron’s Rents, Sherwin Williams, Dollar Tree, Palais Royal, Payless Shoes, H&R Block, Sprint, McDonald’s, Taco Bell, Chili’s, Popeye’s, Little Caesar’s, Sonic and Many More

• Angleton, TX is 40 Miles South of Houston along Highway 288 and Just 10 Miles North of Lake Jackson, TX

• Popluation in a 5-Mile Radius Exceed 24,000 People

• Traffic Counts Along North Velasco Street Exceed 17,600 Vehicles Per Day

Representative Photo

Representative Photo

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SITE PLAN

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AERIAL MAP

Elementary School

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LOCAL MAP

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REGIONAL MAP

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MARKET SUMMARY

HOUSTON, TX

Houston is the most populous city in Texas, and the fifth most populous city in the United States. With a census-estimated 2013 population of 6.49 million people within a land area of 10,062 square miles, Houston is the largest city in the Southern United States, the seat of Harris County, and fifth-most populated metropolitan area in the United States.

Houston was founded in 1836 on land near the banks of Buffalo Bayou (now known as Allen’s Landing) and incorporated as a city on June 5, 1837. The city was named after former General Sam Houston, who was president of the Republic of Texas and had commanded and won at the Battle of San Jacinto 25 miles (40 km) east of where the city was established. The burgeoning port and railroad industry, combined with oil discovery in 1901, has induced continual surges in the city’s population. In the mid-twentieth century, Houston became the home of the Texas Medical Center— the world’s largest concentration of healthcare and research institutions—and NASA’s Johnson Space Center, where the Mission Control Center is located.

Houston’s economy has a broad industrial base in energy, manufacturing, aeronautics, and transportation. It is also leading in health care sectors and building oilfield equipment; only New York City is home to more Fortune 500 headquarters. The Port of Houston ranks first in the United States in international waterborne tonnage handled and second in total cargo tonnage handled. Nicknamed the Space City, Houston is a global city, with strengths in business, international trade, entertainment, culture, media, fashion, science, sports, technology, education, medicine and research. The city has a population from various ethnic and religious backgrounds and a large and growing international community. Houston is considered to be the most diverse city in Texas and the United States. It is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year to the Museum District. Houston has an active visual and performing arts scene in the Theater District and offers year-round resident companies in all major performing arts.

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DEMOGRAPHIC SUMMARY

Geography: 5 Miles

Demographic data © 2015 esri

PoPulation

In the identified area, the current year population is 24,658. The rate of change since 2000 was 7.97%. The five-year projection for the population in the area is 26,019 representing a change of 5.23% from 2015 to 2020. Currently, the population is 49.6% male and 50.4% female. The median age in this area is 37.6, compared to U.S. median age of 37.9.

HouseHolds There are currently 8,680 households in your selected geography. The number of households has changed by 9.7% since 2000. It is estimated that the number of households in your area will be 9,176 five years from now, which represents a change of 5.41% from the current year. The average household size in your area is 2.75 persons.

income In 2015, the median household income for your selected geography is $56,315, compare this to the Entire US average which is currently $53,217. It is estimated that the median household income in your area will be $65,032 five years from now, which represents a change of 13.4% from the current year.

The current year per capita income in your area is $24,389, compare this to the Entire US average, which is $28,597. The current year average household income in your area is $66,624, compare this to the Entire US average which is $74,699.

Race and etHnicity The current year racial makeup of your selected area is as follows: 71.1% White, 12.6% Black, 0.6% Native American and 1.1% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 32.0% of the current year population in your selected area. Compare this to the Entire US average of 17.6%.

Housing In 2015, there were 5,894 owner occupied housing units in your area and there were 2,469 renter occupied housing units in your area. Median home value in the area is $141,762, compared to a median home value of $200,006 for the U.S.

emPloyment In 2015, there are 11,616 employees in your selected area, this is also known as the daytime population. Currently 47.1% of employees are employed in white-collar occupations in this geography, and 30.4% are employed in blue-collar occupations. In 2015, unemployment in this area is 3.9%.

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DEMOGRAPHIC STATISTICS

pOpulAtiOn 1-Mile 3-Miles 5-Miles

2000 Population 6,006 17,981 22,853

2010 Population 6,326 18,696 23,807

2015 Population 6,468 19,198 24,658

2020 Population 6,734 20,139 26,019

traffic cOuntS

HOuseHOlds 1-Mile 3-Miles 5-Miles

2000 Households 2,227 6,496 7,838

2010 Households 2,408 6,894 8,363

2015 Households 2,473 7,105 8,680

2020 Households 2,579 7,471 9,176

2015 Daytime Population 3,102 9,218 11,616

2015 Average Household Size 2.61 2.68 2.75

2010 Owner Occupied Housing Units 66.8% 61.3% 64.1%

2010 Renter Occupied Housing Units 26.0% 29.8% 26.9%

2010 Vacant 7.2% 8.9% 9.0%



2015 Vacant 6.5% 9.6% 9.6%



2020 Vacant 6.5% 9.8% 9.7%

incOMe 1-Mile 3-Miles 5-Miles

$ 0 - $14,999 10.4% 11.9% 10.9%

$ 15,000 - $24,999 13.3% 13.6% 13.2%

$ 25,000 - $34,999 7.4% 9.6% 9.6%

$ 35,000 - $49,999 11.8% 10.8% 10.7%

$ 50,000 - $74,999 14.8% 16.6% 16.9%

$ 75,000 - $99,999 16.7% 16.4% 15.8%

$100,000 - $149,999 18.7% 16.0% 17.5%

$150,000 - $199,999 5.3% 3.7% 4.0%

$200,000+ 1.5% 1.3% 1.4%

2015 Median Household Income $57,789 $54,529 $56,315

2015 Per Capita Income $26,598 $24,168 $24,389

2015 Average Household Income $69,875 $64,684 $66,624

17,600

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker

who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Information About Brokerage Services

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

(1) shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner;(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

exclusively listed

469.844.8880 | VITORINOGROUP.COM

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Verizon - Angleton, TX