Coldwell Banker Commercial Southwest
www.coldwellbusiness.com
Property ID: 59522
Property Type: Retail
Property Address:
185 Titus Street
Giddings, TX 78942
County: Lee
Price: $379,042
Property Size: 28,750 Sq. Ft.
Lot Size: 7,880 Sq. Ft. |
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Property Description
The Retail Development Division and the Investment Property Division of Coldwell Banker Commercial in Brenham (CBC Brenham) are proud to present the WILSON SUPPLY STORE.
The Wilson Supply Store is a 7,880 SF facility with 1,760 SF main and 6,120 SF warehouse space on 0.66 acres. It is just less than one block from US Highway 290 and has a tenant in place through year end 2008. Includes 344'+ of paved frontage with a corner location. The Wilson Supply Store is located in Giddings will all city utilities and priced at just $379,000. 100% FINANCING AVAILABLE! The Wilson Supply store is also Available for lease at $3,000 per month triple net for a 3 year lease.
HIGHLIGHTS
(1) Priced at just $379,000 with 7,880 SF of improvements in very good condition and a 2/3 acre lot, it is a compelling opportunity
(2) Up to 100% FINANCING available including land, new construction, improvements and capital equipment
(3) Avialable for 3 year lease at $3,000 per month triple net.
(4) Less than one block from US Highway 290, the primary corridor between Austin and Houston
(5) Less than one hour drive time to Austin
(6) As a Home Center (Mini-Lowe’s or Home Depot without the appliances), $4M+ estimated unmet demand at 3-miles, $3.8M+ at 2-miles, $2.4M+ at 1-mile, $1.9M+ at ¾-mile and $1M+ at a ½-mile
(7) As a Clothing and Accessories Store, almost $3M+ estimated unmet demand at 3-miles, $2.5M+ at 2-miles, $1.5M+ at 1-mile and $1.0M+ at ¾-mile
(8) Six opportunities with unmet local retail demand in excess of $2,000,000 per year at a 3-mile radius
(9) Six opportunities with unmet local retail demand in excess of $1,000,000 per year at a 1-mile radius
(10) Outstanding Lee County economy ranks # 1 in six key demographic and econometric indicators and # 2 in four key indicators compared to all contiguous rural counties (Burleson, Fayette, Milam and Washington County)
Call 979.421.9795 to contact any member of the listing team: Diane Alexander, Tootie Lyons, George Alexander or Chris DeAlmeida.
You can also contact the team by email at george.alexander@coldwellbusiness.com
PROPERTY
Strategically positioned, the Wilson Supply Store is less than one block from US Highway 290.
The Wilson Supply Store is on a corner with 344'+ of paved frontage including 143' +/- on South Titus Street and 201' +/- on West Hempstead Street.
The building features a very nice and recently updated main area with 1,760 SF. It is ideal for a showroom but also can be used for office space or easily reconfigured with minimal investment. A 6,120 SF warehouse is immediately adjacent and easily accessible from the main area. The warehouse provides a “loft style” retail area with an open floor plan to maximize flexibility with minimal costs. An attached 160 SF carport completes the improvements.
With a 28,750 SF lot, the Wilson Supply Store offers ample parking or room for significant expansion.
FINANCING
With a unique combination of loan alternatives including subordinated owner financing, up to 100% financing is available. Financing can include land, new construction, improvements and capital equipment.
A decision on any subordinated owner financing is at the complete discretion of the owner. Factors that may be considered include qualifications, terms, equity structure, site and/or development plan and others.
ADDITIONAL INTERNET LINKS
(1) Dedicated Website:
http://property.loopnet.com/15607221
(2) Downloadable Graphics and Pictures:
Link to listing website with all graphics and pictures utilized in the Wilson Supply Store offerings in pdf or jpg files for easy downloading:
http://listing.loopnet.com/15607221
(3) Demographic and Econometric Reports:
Link to all demographic and econometric reports utilized in Wilson Supply Store offering in pdf files for easy downloading:
http://www.coldwellbusiness.com/ListingReports.185STitus.html
( 4) Complete professional listing with detailed analysis:
http://www.cimls.com/sale-listing/59522
RETAIL GAP ANALYSIS
Alexander Tiffany, LLC (“AT”) performed retail gap analysis to identify unmet local consumer demand for businesses.
3-Mile Radius Summary:
AT identified six distinct opportunities that each have unmet local retail demand in excess of $2,000,000 per year. Another two opportunities each have unmet demand in from $1,000,000 to $1,250,000.
1-Mile Radius Summary:
AT identified six distinct opportunities that each have unmet local retail demand in excess of $1,000,000 per year.
Note this is local demand only and does NOT include demand from travelers.
GROWTH IN CONSUMER SPENDING
From 2008 through 2012, Lee County projected annual growth in total consumer spending projected at 5.71% and the City of Giddings projected at 5.26%. Projections in the immediate area range from 4.81% at a ½-mile radius to 5.20% at a 3-mile radius.
LOCATION
(1) Just off US Highway 290 in downtown Giddings
(2) US Highway 290 is the primary corridor between Houston and Austin
(3) By 2009, traffic count expected to exceed 20,000 with continued growth expected
(4) Located in Lee County with an economy projected to grow by 5.7%+ per year and exceed $500 million in 2013
(5) Just 50 miles from Austin, Texas
LEE COUNTY ECONOMY
The Lee County economy compares very favorably to its contiguous rural counties (Burleson, Fayette, Milam and Washington County), in key demographics and econometrics AT routinely reviews for basic economic analysis and growth from 2008 through 2012.
DISCLOSURES & COPYRIGHTS
CBC is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions- stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited. |
Financial Summary
With a unique combination of loan alternatives including subordinated owner financing, up to 100% financing is available. Financing can include land, new construction, improvements and capital equipment.
A decision on any subordinated owner financing is at the complete discretion of the owner. Factors that may be considered include qualifications, terms, equity structure, site and/or development plan and others.
The interest on the subordinated mortgage is two percent or 200 basis points above your first mortgage. For example, with a first mortgage at 6.25%, the subordinated mortgage will be at 8.25%. If the first mortgage adjusts, the subordinated mortgage adjusts at the same time.
The subordinated loan incorporates a 30-year amortization schedule with a final balloon payment due in five years.
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Attached Documents
Property Flyer
Document 1
Document 2
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Contact Information
Company: Coldwell Banker Commercial Southwest
Name: Administrator
Email: Click Here to Email
Phone: 979.421.9996
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