10.26 triple net lease with accredited tenant, Airgas in Baytown, TX in the powerful Houston DMA economy

Coldwell Banker Commercial Southwest Partners George Alexander - (979) 421-9996 Retail Property For Sale Bay City AirGas Triple Net + 2 lots 1237 7th ST, Bay City, TX 77414 Price: $831,480 Building Size: 6,400 SF Price/SF: $129.92 Property Type: Retail Property Sub-type: Free Standing Bldg Property Use Type: Net Lease Investment with 2 years left on lease Commission Split: 3% Cap Rate: 10.26% Occupancy: 100% No. Stories: 1 Tenancy: Single Lot Size: 51,000 SF Tax ID / APN #: 24577 & 24582 Last Verified 11/13/2010 Listing ID 16915228 Map of 1237 7th ST, Bay City, TX 77414 (Matagorda County) Find out more about 1237 7th ST, Bay City Highlights 10.27% current cap triple Net Lease a publicly traded company, Airgas, as the tenant, with annual rent escalations for up to 11 additional years Cap rate range beginning 08/11 has annual escalators including 2-5 year optional renewals ranging from 10.58% to 15.51% with a 12.64% avg! Top 10 opportunities to meet unmet local retail demand avg. $5.4M+ in potential annual revenues ranging from $630K+ to $22M+! Govt help includes tax abatement, tax free bonds, assistance with jobs training and recruitment, access to the Texas Capital Fund and a local SBDC Just 68 mi. to South Houston (TX 288 at the Beltway), Sugar Land and Victoria, 79 mi. to Houston Hobby & 99 mi. to Houston Bush. $1B+ County economy with local incomes growing at a 2.5% annual rate located in the Houston DMA, a global and national economic and jobs leader Description Coldwell Banker Commercial Southwest Partners has been retained as the exclusive advisors for the Bay City Triple Net + 2 lots, a triple net property with Airgas, a publicly traded tenant + an adjacent lot on 7th Street and an adjacent lot on 8th Street. This is a tremendous opportunity to acquire a Triple Net lease at 10.26% cap with annual escalators, in the Houston DMA, with Airgas a publicly traded company as your tenant in a County with a $1B+ economy and local incomes growing on average of 2.5%+ per year. The community is family friendly with good schools, very low divorce rates, large families and a moderate cost of living. (1) Tenant is a publicly traded company. Airgas Corp. Ticker symbol: ARG. (a) Website: http://www.airgas.com/. (b) Annual report: http://www.airgas.com/AnnualReport/2010/index.html. (2) Tenant primary client. The tenant' s primary client is STP Nuclear Operating Company an electricity generator. STP is the largest private employer in Matagorda County. We believe this relationship between the tenant and the largest area private employer significantly strengthens the probability of the current tenant renewing for additional 5-year periods. (1) Community anchored by a diversified employment base. Largest private employers by number of employees: #1. STP Nuclear Operating Company. Electricity generation. STP is the primary client of the Triple Net Leased Client. #2. OXEA Corporation. Chemical products. #3. Lyondell Chemical. Plastics and manufacturing. #4. Valerus Compressors. Compressor fabrication. #5. Henderson Manufacturing. Steel fabrication. (2) 16,500 avg. daily two-way traffic. 2nd highest traffic count reported in Bay City. Data point is 2 blocks east of property on TX HWY 35. The #1 traffic count in Bay City is about 0.5 mi. East on TX HWY 35 eastbound from TX HWY 60. Data from CCIM and ESRI and © 2010 MPSI Systems Inc. d.b.a. DataMetrix®. (3) Directly on 7th Street (TX HWY 35). TX HWY 35 is the primary east-west corridor into and out of downtown Bay City. (4) 4 blocks west of the primary downtown Bay City interchange. The primary downtown interchange is TX HWY 35 and TX HWY 60. (5) Superior regional location. 68 mi. to Southern Houston (TX 288 at the Beltway), Financial Summary   Actual Net Operating Income $75,420 Pre-Tax Cash Flow $75,420 Major Tenant Information Tenant Lease Expired Airgas     Additional Photos 1-satellite 3-front view of Airgas 4-drive through Airgas warehouse 5-Airgas parking and storage 6-front view of 1221 7th AVE 2-Corner of 7th ST and AVE B 7-Corner of 7th and AVE A 8-cap rate table 9-3 tracts overview 10-1201 offering 11-1201 satellite 12-1221 offering 13-1221 satellite 14-1218 offering 15-1218 satellite 16-1225 offering 17-1225 satellite 18-1231 offering 19-1231 satellite 20-1237 offering 21-1237 satellite 22-map from downtown 23-not in flood plain 24-map of City 25-traffic count 26-map half-mile radiuses 27-satellite 1-mile radius 28-map 60-mile radius 29-25, 50 & 75-mile radius 30-map regional 55-avg household size 60-retail gap factor by subsector 61-retail gap top 10 by total $ table 62-retail gap top 10 by total $ chart 63-retail gap avg top 3, 5 & 10 by total $ 64-retail gap top 10 per household $ table 65-retail gap top 10 per household $ chart 66-retail gap avg top 3, 5 & 10 by household $ 67-retail gap top 10 per person table 68-retail gap top 10 per person chart 69-retail gap avg top 3, 5 & 10 per person 70-avg home values 2010 & 2015 71-% home values $300K-$399K 84-% service employees 86-% goverment employees 91-% no mortgage 92-avg mortgage 94-% $1K-$1.5K mortage 95-% divorced 96-% 3-4 unit homes 97-% 5-9 unit homes 98-% $500K and higher household net worth 100-QR code Coldwell Banker Commercial Southwest Partners George Alexander - (979) 421-9996 The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.   LoopNet Commercial Real Estate CJ6DL9M