NEQ KUYKENDAHL RD & W RAYFORD RD SHOPS AT TIMBERWILDE · 2016. 7. 18. · Spring market, just south...

STABILIZED RETAIL CENTER IN EXPANDING HOUSTON SUBMARKET

NEQ KUYKENDAHL RD & W RAYFORD RD

SHOPS AT TIMBERWILDE

PROPERTy InfORMATIOn

METSLERELEMENTARY

95FUTURE

LOTS

130FUTURE

LOTS

KUYK

ENDA

HL R

D12

,700

CPD

3,890 CPD

5,217 CPD

12,621 CPD

HUFSMITH RD

HUFSMITH KUYKENDAHL RD

W RAYFORD RD

146 FUTURE

LOTS 150FUTURE

LOTS

537FUTURE

LOTS

SITESITE

THE WOODLANDS

OffERED fOR SALE Gross Area 20,315 SFNet Rentable Area 20,229 SFLocation 24504 Kuykendahl Road in Spring Trade AreaOccupancy 100%Cap Rate 7.1%Sale Price Call for Pricing (Financing Available)

Transwestern is pleased to exclusively offer for sale The Shops at Timberwilde (the “property”), a 20,315 square-foot (“SF”) retail center located in north Houston. This newly constructed center features a strong roster of national, regional and local tenants including Bahama Buck’s, Texas State Optical, SportClips, Domino’s, McCardell’s Tavern and Grille and

Vida Bella Boutique. The property is located along Kuykendahl Road in the expanding Spring market, just south of The Woodlands. Kuykendahl Road is rapidly becoming a major retail corridor and acts as a main thoroughfare from The Woodlands to the newly expanded Grand Parkway.

OffERED fOR SALE

THE SHOPS AT TIMBERWILDESTABILIZED RETAIL CENTER IN EXPANDING HOUSTON SUBMARKET

AREA RETAILERS (ExISTIng & fuTuRE)

InVESTMEnT HIgHLIgHTS - Located Along the Primary Retail Corridor for Growing Trade Area- 100% Occupied, New High Quality Construction Center- Immediate Proximity to New Kroger Marketplace- High Income, High Traffic Area that is Rapidly Expanding with Residential and Retail- 10,000 Employees at ExxonMobil’s New 3 Million SF Corporate Campus Underpins the Community- Directly South of Augusta Pines, an Affluent Golf Course Community Fronting Kuykendahl Rd- Property is Offered Free and Clear with no Debt Obligations- New, Non-recourse CMBS Financing Available (See Quote)

AREA EMPLOyERS


TEnAnT OVERVIEW

Bahama Buck’s

Bahama Buck’s, the Original Shaved Ice Company, is consistently ranked as the nation’s number one tropical themed dessert shop. Bahama Buck’s offers authentic island desserts including flavored shaved ice, smoothies, Bahama sodas, paradise fruit cups and Island House Coffee. Founded in 1990, Bahama Buck’s quickly grew to over 84 company-owned and franchise-owned locations nationwide with an additional 128 new locations slated to open in the near future.

www.bahamabucks.com

ADDRESS: 24504 Kuykendahl Rd, Tomball TX 77375ACRES: 2.13YEAR BUILT: 2015GROSS AREA: 20,315 SFBUILDING NRA: 20,229 SFOCCUPANCY: 100%CONSTRUCTION: Tilt wall, brick façade and concrete parking lotCAP RATE: 7.1%

InVESTMEnT OVERVIEW

Texas State Optical

Texas State Optical (TSO) was established in 1936 in Beaumont, TX and has grown to become a respected organization of doctor-owned and operated eye care practices in Texas, Louisiana, Arkansas and Oklahoma. TSO has also earned recognition as the largest single provider of vision insurance plans in Texas and the Southwest. By utilizing the latest advancements in eye care technology, TSO offers a complete eye care service solution with services including comprehensive eye exams, emergency care services and treatments for dry eyes. In addition, TSO offers a large selection of eyeglasses, contact lenses, designer frames and sunglasses.

www.tso.com


http://www.conservatorydayspa.com/

TEnAnT OVERVIEW COnT.

SportClips

Headquartered in Georgetown, Texas, SportClips Haircuts is a sports-themed hair-care franchise for men and boys with more than 1,000 locations across the United States. Established in 1993 and franchised in 1995 by Gordon Logan, founder and CEO, the company is one of the nation’s leading franchises. The franchise is ranked by Entrepreneur Magazine as one of the top 20 “Fastest-Growing Franchises” and in the top 40 of the “Franchise 500.”

www.sportsclips.com

Domino’s | NYSE: DPZ

Founded in 1960, Domino’s is the recognized world leader in pizza delivery operating a network of company-owned and franchise-owned stores in the United States and International markets. Domino’s currently operates more than 12,600 stores in more than 80 countries worldwide, with 2014 global retail sales grossing $8.9 billion. When it comes to technology, Domino’s is consistently one of the top five companies in terms of online transactions, amongst companies such as Amazon and Apple.

www.dominos.com

Spring Pearl Dental

Spring Pearl Dental offers a full range of general, cosmetic and restorative dentistry services such as teeth whitening, crowns, preventive care and implants. Spring Pearl Dental utilizes proven state-of-the art technology, including nitrous oxide treatments to provide patients with an effective and affordable dental experience. The practice is owned and operated by Dr. Ginger McElravy, DDS, a member of the American Dental Association (ADA) and the Texas Dental Association (TDA).

www.springpearldental.com

McCardell’s Tavern and Grille

Family owned and operated by a multi-unit operator with over ten years of experience, McCardell’s Tavern and Grille is a neighborhood pub with a full-service menu and bar. McCardell’s provides an upscale setting complete with live music on patio and a state-of-the-art audio and visual system for ultimate customer sports entertainment experience.

www.mccardells.net


http://www.planetbeach.com/

http://www.kingwoodspeech.com/

HOuSTOn OVERVIEW

HOuSTOn nATIOn-LEADIng STATISTICS

Houston in the 4th largest city in the US and is the largest city by population in Texas. Over 6.3 million people call the Houston metro area home. Since 2000, Houston’s population has grown by 26%, the second highest rate in the country, and it boasts the fastest growing housing market in the United States. Named the Number One Market to Watch in 2015 by Urban Land Institute, Houston has consistently been a national leader in employment and population growth. According to Moody’s Analytics, Houston’s population grew by over 600,000 residents between 2010 and 2015 ranking it first out of any metropolitan area in the United States, with an additional 125,000 projected new residents in 2016.

Diversified in upstream and downstream energy, Houston is the energy and petrochemical capital of the U.S. and the economy continues to expand. Since 2000, the city has also added aerospace, technology, manufacturing and medical companies to the economic mix, generating more than 752,000 jobs. According to the Greater Houston Partnership, a forecasted 23,000 jobs will be created throughout 2016. The city’s healthcare sector is growing rapidly and Houston’s medical center is the largest in the world with 21 renowned hospitals, 106,000 employees and 7.2 million visits per year. The vision for the Texas Medical Center is a proposed Collaborative Institute, which if approved will result in an investment of over 1.7 billion over the next five years.

The city boasts a steadily growing housing market as the cost of living falls well below the national average. New home construction and sales have remained steady while prices have continued on an upward trend. Tax rates are low and the city’s political climate is aggressively pro-business. City officials have consistently opposed imposing zoning laws so as not to stifle the city’s growth.

#1 Top Metro Residential Growth from 2014-2015 U.S. Census March 2016 #1 Top U.S. Metro for Exports in 2014 Department of Commerce August 2015#1 Top Market for Real Estate Investment for 2015 Houston Chronicle October 2014#1 Market to Watch in 2015 Urban Land Institute October 2014#1 Best Cities for Manufacturing Forbes June 2014#1 Top Destination City U-Haul International April 2014#1 Strongest Economy PPR Global December 2013#1 Top Cities for Global Trade Global Trade August 2013


SPRIng AREA TRADE OVERVIEW • Located 30 miles north of Houston’s Central Business District, Spring is a highly affluent, well-educated trade area

that continues to expand to the west and north with new retail, office, medical and residential.

• Growth underpinned by ExxonMobil’s new three million SF Corporate Campus, home to a workforce of over 10,000 employees.

• The property is located along the direct path of growth for the Spring trade area and abuts the city of Tomball. It is uniquely situated between the newly expanded Grand Parkway and the 15,000 homes along the western edge of The Woodlands master-planned development, and acts to connect residents to the area’s main thoroughfare.

• Fueled by the completion of the $1.1 billion Grand Parkway expansion, the area is strategically located for residents commuting to The Woodlands, Kingwood, Cypress and Katy.

• Located directly south of Augusta Pines, an affluent 18-hole golf course community fronting Kuykendahl Rd and surrounded by an estimated 3,800 future homes within a three mile radius, with average new home values ranging from $200,000 to $700,000.

DEMOgRAPHICS2 MILE 3 MILES 5 MILES

Population 19,644 41,105 122,083

Average HH Income $127,148 $127,807 $122,960

Owner Occupied Median Housing Value

$247,612 $254,443 $256,181

2015 STDB Demographic Estimates

TRAffIC COunTSKuykendahl Rd N of W Rayford Rd 13,720 cpd

Kuykendahl Rd S of W Rayford Rd 16,240 cpd

W Rayford Rd

Kuykendahl Rd

8

6

Kingwood

FM 1960 Rd

The Woodlands

Cypress

Tomball

Conroe

90

10

610

290

Houston

59

45Spring

99


fInAnCIALS AVAILABLE uPOn ExECuTIOn Of COnfIDEnTIALITy AgREEMEnT


TENANT Bahama Buck’s K&T LLC Domino’s

Pizza SportClipsSpring Pearl

Dental

Texas State

Optical

Vida Bella Boutique

Pro Nails & Spa

World Class Martial Arts

McCardell’s Tavern &

Grille

SQ. FT. 2,000 1,508 1,540 1,259 2,301 2,500 1,610 1,403 2,751 3,357

KUYKENDAHL ROAD

TIMBERW

ILDE D

RIVE

Den

tist

2,30

1 SF

Spo

rts

Clip

s1,

259

SF

Texa

s St

ate

Opt

ical

2,50

0 SF

Vida

Bel

la B

outiq

ue1,

610

SF

Nai

l Sal

on1,

403

SF

McC

arde

ll’s

Tave

rn &

Gril

l3,

357

SF

Baha

ma

Buck

’s2,

000

SF

K& T

LLC

1,50

8 SF

Dom

ino’

s Pi

zza

1,54

0 SF

Wor

ld C

lass

M

artia

l Art

s2,

751

SF

LEASIng PLAn


45

249

99

99

HARDWARE

W RAYFORD RD

NORTH

FREEWAY

GRAND PKWY

GRAND PKWY

WOODLANDS PKWY

KUYK

ENDA

HL R

D

HUFSMITH KUYKENDAHL RD

SAWDUST RD

LAKE WOODLANDS DR

GLEN LOCH

DR

E MAIN ST

ZION RD

HARDIN STO

RE RD

HUFSM

ITH CO

NROE RD

FM 2920FM

2978

STUEBNER AIRLINE RD

E HUFSMITH RD

GOSLING RD

FALVEL RD

SPRING STUEBNER RD

KUYKENDAHL RDSPRING CYPRESS RD

BOUDREAUX RD

SITESITE

THE WOODLANDS

TOMBALL SPRING CAMPUSCAMPUS

COMING SOON

COMING SOON

COMING SOON

COMING SOON

AREA DEVELOPMEnT PLAn


CONFIDENTIALITY AGREEMENT & DISCLAIMERTranswestern1900 West Loop South, Suite 1300Houston, TX 77027713.270.7700 / Fax 713.401.1461

CONFIDENTIALITY STATEMENTThe Shops at Timberwilde 24504 Kuykendahl RdTomball, TX 77375

The undersigned has been advised that Transwestern Property Company SW GP, L.L.C. dba Transwestern has been retained on an exclusive basis by the Owner with respect to the offering or sale of The Shops at Timberwilde, 24504 Kuykendahl Rd, Tomball, TX 77375 (the “Property”). The Owner has indicated that all inquiries and communications with respect to the contemplated sale of such Property be directed to Transwestern. All fees due Transwestern in connection with the sale of the Property shall be paid by the Owner. The undersigned hereby acknowledges that it is a principal or an investment advisor in connection with the possible acquisition of the Property and agrees that it will not look to the Owner, the Owner’s Lender or Transwestern for any fees or commissions in connection with the sale of the Property. The undersigned also hereby acknowledges that is has not dealt with any broker, other than Transwestern, and Co-Broker identified on subsequent signature page, regarding the acquisition of the Property, or if it has, the undersigned hereby agrees to indemnify the Owner, the Owner’s Lenders and Transwestern against any compensation, liability or expense, arising from claims by Co-Broker, or any other broker or other party the undersigned had dealings with in connection with the sale of the Property.

The Owner has available for review certain information (“Confidential Information”) concerning the Property. On behalf of the Owner, Transwestern may make such Confidential Information available to the undersigned upon execution of this Confidentiality Statement. The Confidential Information is intended solely for your own limited use in considering whether to pursue negotiations to acquire the Property.

This is not an agreement to sell the Property, nor an offer of sale. No agreement binding upon the Owner of the Property, or any of its associated or affiliated companies, shall be deemed to exist, at law or equity, until the Owner of the Property enters into a formal binding agreement of sale.

The Confidential Information contains brief, selected information pertaining to the business and affairs of the Owner, and has been prepared by Owner and Transwestern, primarily from information supplied by the Owner or Owner’s Agent. It does not purport to be all inclusive or to contain all the information which a prospective purchaser may desire. Neither Transwestern, the Owner nor the Owner’s Lender make any representation or warranty, express or implied, as to the accuracy or completeness of the Confidential Information and no legal liability is assumed or to be implied with respect thereto.

By executing this Confidentiality Statement you agree that the Information provided is confidential, that you will hold and treat it in the strictest of confidence, and that you will not disclose or permit anyone else to disclose the Information to any person, firm or entity without prior written authorization of the Owner and Transwestern except that the information may be disclosed to your partners, employees, legal counsel and lenders or pursuant to a court order. Owner expressly reserves the right in its sole discretion to reject any or all proposals or expressions or interest in the property and to terminate discussions with any party at negotiations you hereby agree to return the Confidential Information to Transwestern.


On Behalf of Prospective Purchaser: Co-Broker (if any)

Company: Company:

Address: Address:

City: City:

State: ZIP: State: ZIP:

Phone: Phone:

Fax: Fax:

E-mail: E-mail:

By: By:

Its: Its:

Date: Date:

Signature: Signature:


Information About Brokerage ServicesBefore 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 intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the br ker’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:

(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.

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.

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

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

01A TREC No. OP-K

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

Transwestern | 1900 West Loop South, Suite 1300 | Houston, TX 77027 | P: 713.270.7700 | www.twhoustonretail.comThe information contained herein was obtained from sources believed reliable. However, Transwestern makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

Micha van Marcke, CCIMSenior Vice [email protected]

713.272.1231

Chace HenkeVice [email protected]

713.272.1274

fOR InfORMATIOn COnTACT:

NEQ KUYKENDAHL RD & W RAYFORD RD SHOPS AT TIMBERWILDE · 2016. 7. 18. · Spring market, just south...

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Transcript of NEQ KUYKENDAHL RD & W RAYFORD RD SHOPS AT TIMBERWILDE · 2016. 7. 18. · Spring market, just south...