CONFIDENTIAL OFFERING MEMORANDUM TEXAS …...Payday Loan Services, Inc. is committed to helping...

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

TABLE OF CONTENTS

I. 2 AERIAL PHOTOGRAPHS

II. 4 PROPERTY POTOGRAPHS

III. 6 EXECUTIVE SUMMARY

IV. 7 PROPERTY PROFILE

V. 8 FINANCIAL & LEASE INFORMATION

VI. 9 SURVEY

VII. 10 LOCATION MAP

VIII. 11 LOCATION OVERVIEW

IV. 12 DEMOGRAPHICS

X. 13 DISCLAIMER & DISCLOSURE

3909 ALTAMESA BLVD | 1

SITE

AERIAL PHOTOGRAPH 3909 ALTAMESA BLVD | 2

AERIAL PHOTOGRAPH 3909 ALTAMESA BLVD | 3

PROPERTY PHOTOGRAPH 3909 ALTAMESA BLVD | 4

PROPERTY PHOTOGRAPH 3909 ALTAMESA BLVD | 5

EXECUTIVE SUMMARY & HIGHLIGHTS

EXECUTIVE SUMMARY

SLJ Company, LLC has been exclusively retained to offer Texas Car Title & Payday Loan

Services, 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 three years remaining on a five-

year, triple-net lease, with one five year option to renew.

Texas Car Title & Payday Loan Services, Inc. is situated on Altamesa Boulevard in

southwest Fort Worth. The property is located in a densely populated area and the daily

traffic 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 minimal

competition.

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

• Daytime Population Over 108,000

• Average Household Income of $72,936

• Traffic Counts Exceed 21,000 Vehicles Per Day


PROPERTY PROFILE

LOCATION The subject property is located at 3909 Altamesa Blvd, at the signalized intersection of Altamesa

Blvd and Woodway Dr, in Fort Worth, Texas 76133.

PRICE $562,973

CAP RATE 9.25%

NET OPERATING INCOME $52,075

GROSS LEASABLE AREA 1,610 Square Feet

LAND AREA 0.6788 Acres (29,568 Square Feet)

YEAR BUILT 1985

FINANCING Free & Clear

ZONING E – Neighborhood Commercial

TRAFFIC COUNTS Altamesa Blvd 21,292 VPD (2009)

Woodway Dr 11,458 VPD (2009)

MINERALS None


FINANCIAL & LEASE INFORMATION RENT ROLL

% of Current Lease Term Current Base Rent / Yr. Rent Renewal

Tenant SF Bldg Start End Term PSF Total Increases Options

Texas Car Title

& Payday Loan 1,610 100% 02/01/2014 01/31/2019 5 years $32.34 $52,075 None 1, 5 year

Services, Inc.

TOTAL 1,610 100% $32.34 $52,075

ANNUALIZED OPERATING DATA Years Commencement Annual Rent Increase

1-5 02/01/2014 $52,075 -

Option: Years 6-10 02/01/2019 $59,470 14.20%

Net Operating Income (NOI) $52,075.00

Texas Car Title and Payday Loan Services, Inc. is the

leading credit access business in Texas. Every day at more

than 200 locations throughout Texas, Texas Car Title &

Payday Loan Services, Inc. is committed to helping

customers get the best deal on a Car Title Loan or Payday

Loan.

TENANT SUMMARY

Tenant Texas Car Title & Payday Loans, Inc.

Ownership Private

Number of Locations 200+

Website http://texas514cash.com/ LEASE SUMMARY

Lease Term 5 Years

Lease Commencement 02/01/2014

Lease Expiration 01/31/2019

Remaining Term 3+ Years

Lease Type NNN

Roof & Structure Landlord

Options Remaining 1 x 5 Year

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


SURVEY 3909 ALTAMESA BLVD | 9

LOCATION MAP 3909 ALTAMESA BLVD | 10

FORT WORTH, TEXAS

The city of Fort Worth is often referred to as “Where the

West Begins.” Fort Worth is the 17th-largest city in the

United States of America and the fifth-largest city in the

state 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’s

long 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 and

shopping 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

DEMOGRAPHICS

RADIUS 1 MILE 3 MILE 5 MILE

2015 Total Population 16,883 133,627 233,181

2015 Daytime Population 13,380 108,303 217,471

2015 Estimated Households 6,488 47,138 82,170


2015 Avg Household Income $64,670 $69,638 $72,936

INCOME

POPULATION

AGE


2015 Median Age Estimate 39 33 33

POPULATION BY ETHNICITY


2015 White 58.51% 55.23% 59.67%

2015 Black 25.07% 25.99% 20.34%

2015 Native American 0.66% 0.57% 0.60%

2015 Asian 2.64% 4.11% 3.66%

2015 Pacific Islander 0.01% 0.07% 0.07%

2015 Two or More Races 3.25% 3.31% 3.08%

2015 Hispanic 27.19% 30.20% 33.77%

2015 Non-Hispanic 72.81% 69.80% 66.23%


DISCLAIMER & DISCLOSURE

The material contained in this Memorandum is

confidential, furnished solely for the purpose of

considering an investment in the properties described

herein, and is not to be used for any other purpose, or

made available to any other person without the

express written consent of the SLJ Company, LLC. The

material is based, in part, upon information obtained

from third party sources, which SLJ Company, LLC

deems to be reliable. However, no warranty or

representation is made by SLJ Company, LLC or its

affiliates, agents, or representations as to the accuracy

or completeness of the information contained herein.

Prospective investors should make their own

investigations, projections, and conclusions regarding

this investment.


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