STANTON OPTICAL SMOOTHIE KING - CBRE CAPITAL MARKETS 3524 HIGHWAY 114 | FORT WORTH, TX 76177 - LoopNet
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OFFERING MEMORANDUM C B R E C A P I TA L M A R K E T S S TA N TO N O P T I C A L S M O OT H I E K I N G 3 5 2 4 H I G H W AY 1 1 4 | F O R T W O R T H , T X 7 6 1 7 7
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 OFFERING SUMMARY PRICE $2,576,000 CAP RATE 6.25% NET OPERATING INCOME $161,000 GROSS LEASEABLE AREA 4,000 SF OCCUPANCY 100% LAND AREA .77 ACRES YEAR BUILT 2018 EXCLUSIVE MARKETING ADVISORS: JARED AUBREY MICHAEL AUSTRY SENIOR VICE PRESIDENT VICE PRESIDENT +1 214 252 1031 +1 214 252 1115 jared.aubrey@cbre.com michael.austry@cbre.com 2
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 INVESTMENT HIGHLIGHTS ++ New Long-Term Triple Net Leases - 10 year initial terms with 10% rent increases every 5 years ++ High Quality New Construction ++ Adjacent to Tanger Outlet Mall featuring more than 70 stores - Gap Factory Store, Banana Republic Factory, Kate Spade New York, Cole Haan Outlet, Vineyard Vines, LOFT Outlet, The Children’s Place, and more. ++ Close proximity to brand new iconic Bucee’s Travel Stop - 104 gas pumps, opened May 2016, estimated annual sales of $60M per year ++ Easy access to and from Hwy 114 and I-35W ++ Intersection is only major 4-way intersection along I-35 between Loop 820 and Hwy 380 ++ Strong Traffic Counts, Excellent Highway Visibility – Located on Hwy 114 (47,959 vehicles per day) and I-35 (67,974 vehicles per day) ++ Directly across from Texas Motor Speedway; Average fall/spring events attract 150,000 fans ++ Texas has NO State Income Tax 3
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 TENANT ROSTER ANNUAL LEASE LEASE LEASE TENANTS SF GLA % BASE RENT COMMENCEMENT EXPIRATION TYPE TOTAL SMOOTHIE KING 1,200 30% AUGUST 2018 AUGUST 2028 $50,400 NNN MY EYELAB 2,800 70% OCTOBER 2018 OCTOBER 2028 $110,600 NNN TOTAL OCCUPIED 4,000 100% $161,000 4
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 PROPERTY AERIAL | 2 MILE VIEW 5
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 PROPERTY AERIAL | .5 MILE VIEW 6
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 PROPERTY OBLIQUE AERIAL | NORTHWEST VIEW 8
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 SITE PLAN | CHAMPIONS CENTER 9
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 SURROUNDING RETAIL | BUC-EE’S Buc-ee’s is a destination “travel center” featuring immaculate restrooms, Tex- as-themed specialty gifts and food, and products catering to hunters and riv- er rafters. Buc-ee’s is well-known for their private label merchandise includ- ing beef jerky, novelty candy, trail mixes, granola, pralines, jarred vegetables, preserves and salsa. Their #1 branded product is caramel and butter-glazed corn puffs known as “Beaver Nuggets”. Currently there are 32 locations throughout Central, North, South, and Southeastern regions of Texas and is headquartered in Lake Jackson, Texas. The chain is famously known for its logo depicting a beaver. The Buc-ee’s location in Fort Worth opened in May 2016 offering 100 gas pumps, famously huge and clean bathrooms, and 60,000 square feet inside, packed with signature snacks. A chunk of the store is dedicated to down- home decor, camping and casual clothing. Meals, snacks and fudges are served alongside four soda docks, a coffee area, and frozen drink centers. 11
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 SURROUNDING RETAIL | TEXAS MOTOR SPEEDWAY Texas Motor Speedway is the premier motorsports facility in Texas, hosting In- dyCar, Monster Energy NASCAR Cup, Xfinity, and Camping World Truck series races. TMS features a 1.5 mile quad-oval design, where the front straight- away juts outward slightly. In addition to motorsports events, Texas Moter Speedway hosts car shows, concerts, holiday festivities and more. Texas Motor Speedway opened in February 1996 has over 80,000 parkway spaces and can seat over 181,000. Visitors have a variety of accomodation options including camping onsite or choose from several nearby hotels. 12
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 TENANT INFORMATION Since its inception in 2013, My Eyelab has become a leader TYPE Vision Retailer in the eye health industry by developing an accessible YEARS IN BUSINESS 5 alternative to overpriced eye care services. My Eyelab believes that quality, good eye health should be accessible NO. OF LOCATIONS 110+ and affordable for everyone. My Eyelab works directly with HEADQUARTERS West Palm Beach, FL eyewear manufacturers, and are able to pass on significant savings to customers. With over 2,000 men’s, women’s, WEBSITE www.myeyelab.com and children’s frames ranging from trendy to classic to everything in between, My Eyelab has a style for everyone. SQUARE FOOTAGE 2,800 SF My Eyelab is also a part of the Stanton Optical family. % OF CENTER 70% Smoothie King is an American smoothie store offering TYPE Smoothie Franchise a number of healthy retail products, including sports YEARS IN BUSINESS 45 beverages, energy bars, vitamin supplements and more. By creating each smoothie with a “purpose”, Smoothie NO. OF LOCATIONS 1,000+ King makes it simple and pleasurable for guests to HEADQUARTERS Coppell, TX achieve their individual health goals. Every Smoothie is expertly blended with real fruit and fruit juice, nuts or WEBSITE www.smoothieking.com veggies, plus the high-quality proteins, vitamins, minerals, and antioxidants. Smoothie King uses only high-quality SQUARE FOOTAGE 1,200 SF ingredients and never includes high fructose corn syrup, % OF CENTER 30% trans fat, or ingredients prohibited by any regulatory lists monitored by NSF. This location of Smoothie King is a part of the third largest franchisee in DFW. 13
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 IN-PLACE NOI & PRICING SUMMARY In-P lace NOI Jan-1 9 to De c-1 9 $ PSF Assumptions: S iz e of Impr ove me nts 4,000 SF Commencement Date Jan 1, 2019 In-P lace Occupancy 100.00% Operating Expense Source Estimated REV ENUES Real Estate Taxes Reassessed No Total Scheduled Base Rent $161,000 $40.25 Note s: CAM Reimbursement 14,000 3.50 Operating Expenses: INS Reimbursement 2,000 0.50 a) Analysis estimates CY2019 CAM at $3.50 PSF and INS at $0.50 PSF. RET Reimbursement 20,859 5.21 b) CY2019 Real Estate Taxes are based on the current assessed value of EF F ECT IV E G ROS S REV ENUE 197,859 49.46 $834,174 and millage rate of 2.500574%. This estimate does not OP ERAT ING EXP ENS ES contemplate completed improvements. Buyer is responsible for estimating a tax Common Area Maintenance (14,000) (3.50) amount for the completed improvements. Insurance (2,000) (0.50) c) Leases allow for an administrative fee equal to 5% of CAM. This is excluded Real Estate Taxes (20,859) (5.21) for the purposes of this analysis. d) Analysis does not factor in the Texas Margin Tax and assumes a buyer will T OT AL OP ERAT ING EXP ENS ES (36,859) (9.21) consult with their tax advisor to evaluate their exposure to this expense. NET OP ERAT ING INCOME $ 1 6 1 ,0 0 0 $ 4 0 .2 5 Annual Debt Service (101,807) (25.45) Inve stme nt S ummar y : CAS H F LOW AF T ER DEBT $ 5 9 ,1 9 3 $ 1 4 .8 0 Capitalization Rate 6.25% P URCHAS E P RICE $ 2 ,5 7 6 ,0 0 0 $ 6 4 4 .0 0 Leveraged Cash on Cash Return [1] 6.45% Debt Service Coverage Ratio (NOI) 1.58x 16,744 4.19 Loan Constant 6.08% Weighted Average Remaining Lease Term (in Years) 9.79 INIT IAL EQUIT Y $ 9 1 8 ,3 4 4 $ 2 2 9 .5 9 14
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 RENT ROLL AS OF 8/1/2018 Squar e % of Lease T er m Re ntal Rate s Re cove r y S uite T e nant Name F eet P r ope r ty Be gin End Be gin Monthly Annually P SF T ype Comme nts/Options P6.1 S moothie K ing 1,200 30.00% Aug-2018 Aug-2028 Current $4,200 $50,400 $42.00 NNN Four 5 year renewal options @ (1) Sep-2023 $4,620 $55,440 $46.20 $50.82 /sf/yr and (2)-(4) FMV. 5% cap on prior year CAM excluding SNOW, UTIL, INS, and RET. P6.2 My Eye lab 2,800 70.00% Oct-2018 Oct-2028 Current $9,217 $110,600 $39.50 NNN Two 5 year renewal options @ $47.80 Nov-2023 $10,138 $121,660 $43.45 /sf/yr and $52.58 /sf/yr. 5% cap on prior year CAM excluding TRSH, SEC, SNOW, UTIL, INS, and RET. T OT ALS / AV ERAG ES 4 ,0 0 0 $ 1 3 ,4 1 7 $ 1 6 1 ,0 0 0 $ 4 0 .2 5 OCCUP IED S qF t 4 ,0 0 0 1 0 0 .0 % V ACANT S qF t 0 0 .0 % T OT AL S qF t 4 ,0 0 0 1 0 0 .0 % 15
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 SITE DEMOGRAPHICS POPULATION HOUSEHOLDS 1 MI 1,069 371 1 MI 3 MI 15,653 5,410 3 MI 5 MI 54,279 18,431 5 MI 7 MI 124,406 41,893 7 MI 0 35,000 70,000 105,000 140,000 40,000 30,000 20,000 10,000 0 AVERAGE HOUSEHOLD INCOME POPULATION GROWTH (3 MILES) 1 MI $91,769 18,464 2023 3 MI $86,842 15,653 2018 5 MI $99,207 10,418 2010 7 MI $112,645 1,462 2000 0 25,000 50,000 75,000 100,000 20,000 15,000 10,000 5,000 0 16
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 WHY DALLAS/FORT WORTH? The Dallas/Fort Worth Metroplex (DFW) is a dynamic 12-county region made up of Dallas, Fort Worth, and another 150 municipalities. The DFW Metroplex is the largest urban agglomeration in Texas and the fourth largest in the United States spanning an area of 9,286 square miles with a population of approximately 6.9 million people. As the fourth fastest growing region in the United States, the DFW population in 2016 is 33.6% higher than in 2000 according to data from Nielsen Claritas; by the year 2030, it is projected that over 10.5 million people will be living in the Metroplex according to the Dallas Regional Chamber. The DFW region is the most economically diverse region in the state of Texas. The GDP of North Texas is estimated to be $447 Billion, and if DFW were its own state it would be the 12th largest in the country, just ahead of Massachusetts. Eighteen Fortune 500 companies have their headquarters in DFW. DFW is connected to the world by the nation’s fourth busiest airport and is served by 55 international flights. DFW has the largest workforce in the state of Texas totaling over 3.3 million people, and 31.4% of the population 25 and older have a bachelor’s degree or higher. In DFW, there are 33 colleges and universities, 157 public school districts and 96 public charter schools, according to the North Texas Commission. TREMENDOUS JOB GROWTH Dallas/Fort Worth consistently ranks as a top market for job growth over the short and long term due to its central location, pro-business environment and strong economy. Historically a leader with respect to job growth, DFW added 101,000 jobs between November 2014 and November 2015 for a 3.03% growth rate nearly double the national rate of 1.8%. As of January 2016, DFW had an unemployment rate of 3.9% below the national rate of 5.0%. ECONOMY Bolstered by positive job/population growth, Dallas/Fort Worth continues to outperform the national economy. Dallas/Fort Worth was ranked the No. 3 “Best Performing Economy Through the Recession and Recovery” by the Brookings Institute in April 2014 due to its impressive job growth, low unemployment, high gross domestic product and healthy home prices. The constant stream of new businesses and residents moving to the Metroplex has created a construction boom across the MSA. Forbes ranked DFW the No. 2 “U.S. City with the Most New Construction”. The MSA experienced $16.3 billion in new construction starts between January 2012 and May 2013. In January 2016, construction and mining was the second fastest growing employment sector in DFW, with job growth reaching an impressive 17.8% in 2015. Commercial construction is at a new high with more than 6 million square feet of office space being built in North Texas, 16.5 million square feet of warehouse space in the pipeline and 27,000 rental units being built. Professional and Business Services was the fastest growing sector in DFW growing 18.3% over the past year. Due to this immense growth, the DFW economy reached $486.7 billion in 2015, ranking it 6th in the nation. 17
OUR EMPLOYMENT OUR EMPLOYMENT OUR EMPLOYMENT Diversified economy has helped drive robust job growth. STANTON OPTICAL | SMOOTHIE KING JOBS (MILLIONS) OUR EMPLOYMENT 3524 HIGHWAY 114 | FORT WORTH, TX 76177 OUR EMPLOYMENT 4.0 OVERALL EMPLOYMENT DALLAS/FORT OVERALL WORTH HASREMAINS EMPLOYMENT STRONG THE MOST DIVERSE ECONOMYOVERALL REMAINS EMPLOYMENT STRONG IN TEXAS 3.5 REMAINS STRONG OUR EMPLOYMENT Diversified 9 out WHY DALLAS/FORT WORTH? JOBS (MILLIONS) economy of 10 of the has helped major industry supersectors OTHER make Diversified drive robust job growth. up 17% economy or less has helped of the total driveDiversified metro economyrobust job economy has helped drive robust job growth. growth. 3.0 JOBS (MILLIONS) OVERALL EMPLOYMENT REMAINS STRONG EMPLOYMENT: JOBS (MILLIONS) RECESSIONS:2.5 EMPLOYMENT: RECESSIONS: EMPLOYMENT: SERVICES INFO 4.0 4.0has helped CURRENT Diversified economy GDP drive robust job growth. 4.0 IN 2015 2.0 OVERALL MINING, LOGGING, + CONSTRUCTION OVERALL EMPLOYMENT 3.5 REMAINS EMPLOYMENT STRONG DFW GDP DFW TRADE, TRANSPORTATION, 3.5 JOBS (MILLIONS) 4.0 REMAINS STRONG $485.7 3.5 EMPLOYMENT: RECESSIONS: MANUFACTURING + UTILITIES MAKES 3.0 BILLION 1.5 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 3.0 3.5 3.0 Diversified Diversified economy has helped economy drive robust job growth. 6 has helped 1/3 drive th robust job growth. OF THE Source: Bureau UP of Economic 3.0 2.5 Analysis, 2.5 2.5 STATE’S Source: Bureau of Labor Statistics, May 2017. JOBS FINANCIAL (MILLIONS) EMPLOYMENT: GDP RECESSIONS:September 2016. JOBS of (MILLIONS) 1 3.5 717R ACTIVITIES 2.5 4.0 2.0 Source: Bureau Labor Statistics, May 2.0 IN THE 2.0 # % EMPLOYMENT: NATION 2017. 2.0 3.5 1.5 4.0 1.5 1.5 MARKET FOR EXPANSION OF JOB PROFESSIONAL + NUMBER OF EMPLOYMENT SIN IF DFW 1.5 WAS A STATE IF DFW WAS A COUNTRY 2011 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 BUSINESS SERVICES 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 2011 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 JOBS ADDED BASE IN 2016 2011 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 3.0 (Not seasonally adjusted) LEISURE + 3.5 LARGEST GDP AND Source: Bureau of Labor Statistics, May 2017. 9 th Source: Bureau of Labor Statistics, May 2017. Source: Bureau of Labor Statistics, May 2017. OUR ECONOMY HOSPITALITY Source: Bureau of Labor Statistics, May 2017.23 rd RANK JUST BELOW 2.5 LARGEST GDP TAIWAN %# 1 3.5 % 120,500 717,000 12 2.0 GOVERNMENT # 3.0 1 EDUCATIONEXPANSION + 3.5 % 1 717,000 # 3.5 #% 1 3.5717,000 120,500 717,000 120,500 MARKET FOR OF JOBSMARKET ADDEDFOR MARKET EXPANSION OF JOBSFORADDED EXPANSION MARKET OF FOR ADDED EXPANSION JOBS OF JOBS ADDED JOBS ADDED JOBS ADDED JOBS ADDED HEALTH SERVICES NUMBERIN OF2016 EMPLOYMENT NUMBERSINCE OF 2010 EMPLOYMENT SINCE 2010 SINCE 2010 IN 2016 NUMBER OF EMPLOYMENT NUMBER SINCE 2010 OF EMPLOYMENT IN 2016 1.5 JOBS ADDED BASE IN 2016 2.5 JOBS ADDED BASE IN 2016 JOBS ADDED BASE IN 2016 (Not seasonally adjusted) JOBS ADDED (Not seasonally adjusted) BASE HEALTHCAREIN 2016 HIGHER Source: Bureau of Labor Statistics, May 2017. EDUCATION (Not seasonally adjusted) (Not seasonally adjusted) Source: Bureau of Labor Statistics, May 2017. Source: Bureau of Labor Statistics, May 2017. Source: Burea 2011 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 15 OUR OUR ECONOMY ECONOMY6 LAUREATES NOBEL MAJOR OUR OUR #ECONOMY ECONOMY Source: Bureau of Labor Statistics, May 2017. 90 2.0 MEMBER UNIVERSITIES % 1 1.5 3.5 717,000 HEALTHCARE 120,500 • Education, Training, and Library HIGHER EDUCATION IN THE DALLAS/ AIRPORT SYSTEM & LOGISTICS HOSPITALS BACHELO 45,48 TECHNOLOGY HEALTHCARE MARKET FOR EXPANSION OF HEALTHCARE HIGHER EDUCATION JOBS ADDED AIRPORT NOBEL JOBS HEALTHCARE HIGHER SYSTEM ADDED EDUCATION & LOGISTICS HIGHER FORTAIRPORT WORTH SYSTEMRD&BUSIEST EDUCATION 15 AIRPORT AIRPOR LOGISTICS 3 6 • Healthcare Practitioners and MAJORHOSPITAL COUNCIL MASTERS 2011 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 NUMBER OF EMPLOYMENT SINCE 2010 IN 2016 3 IN U.S. (DFW 15 6 LAUREATES Technical 3 RD BUSIEST NOBEL AIRPORTUNIVERSITIES 15 RD BUSIEST AIRPORT PHD DEG 315IN U.S. (DFW 6U.S. JOBS ADDED NOBEL NOBEL BASE IN 2016 6 MAJOR INTERNATIONAL) (Not seasonally adjusted) MAJOR 90Bureau Source:•MEMBER IN MAJOR (DFW Installation, Maintenance, and of Labor Statistics, May 2017. LAUREATES AWARDED LAUREATES LAUREATES #2 MARKET UNIVERSITIES LABOR Source: Bureau of Labor Statistics, MayFORCE 2017. HOSPITALS Repair INTERNATIONAL) UNIVERSITIES 45,481 UNIVERSITIES 1 OF 7 AIRPORTS INTERNATIONAL) OUR ECONOMY 90 MEMBER FOR TECH MEMBER 90 MEMBER 90 IN THE DALLAS/ • FORT Management WORTH • 21,000+ health-related BACHELORS,establishments • 370,899 students enrolled GLOBALLY WITH 200+ DIRECT 1 OF 45,481 DESTINATIONS (DFW INTL) HOSPITALS 45,481 HOSPITALS • HOSPITAL 1 OF ComputerCOUNCIL and HOSPITALS 7 AIRPORTS Mathematical 45,481 MASTERS • $5.4 billion spent AND on facility upgrades • 3 of 7 Emerging Research 7 AIRPORTS 1 3.5 % 717,000 120,50 “BRAIN GAIN” IN THE DALLAS/ # IN THE DALLAS/ BACHELORS, GLOBALLY WITH IN THE 200+DALLAS/ DIRECT per BACHELORS, • Construction and Extraction FORT WORTH year PHD DEGREES AWARDED IN 2015 GLOBALLY WITH universities BACHELORS, 200+ DIRECT • 78 million annual passengers in Texas pursuing “tier FORT WORTH FORT WORTH DESTINATIONS (DFW WHEN COMPARING MASTERS AND • INTL) MASTERS ANDgross medical services $52 billion DESTINATIONS MASTERS (DFW (DFW InternationalAND one” INTL) + status Love Field) HOSPITAL COUNCIL HOSPITAL COUNCIL HOSPITAL COUNCIL • Personal Care and Service JOBS ADDED TO PHD DEGREES• 21,000+ health-related establishments • • Building, Grounds Cleaning • 370,899 students enrolled PHD and • DEGREES 2 of 14 proton beam cancer therapy PHD • 9,600 DEGREES acres of inland port HEALTHCARE DEGREES AWARDED HIGHER EDUCATION MARKET FOR AWARDED IN • AIRPORT $5.4 billion 2015 spent on facility EXPANSION OF SYSTEM 78upgrades million annual& LOGISTICS passengers •AWARDED 3 of 7 Emerging Research • 78 million annual the U.S. JOBS ADDED INin2015 centers passengers AWARDED designated IN 2015 JOBS as Foreign-Trade Zone ADDED • 78 m Maintenance RD 3 (DFW International + Love Field)universities in Texas pursuing “tier (DFW per year (DFW International + Love Field) BUSIEST AIRPORT 15 studentsNUMBER health-relatedOF EMPLOYMENT SINCE• 2010 IN 2016 (Alliance Global Logistics Hub) NOBEL 6 LAUREATES MAJOR • 21,000+ health-related establishments • 370,899 enrolled • $52 billion gross•medical • •21,000+ 370,899 health-related establishments students enrolled 370,899 students enrolled • 21,000+ establishments • Healthcare services 9,600 Support acres of inland port one” status • 9,600 acres• of Top inland port container ports 10 ranked • 9,60 • $5.4 billion spent on facility upgrades • 3 of•7 Emerging JOBS Research $5.4 billion ADDED spent • 2 of 14 proton on facility upgrades BASE IN • cancer beam • 2016 Protective IN •$5.4 therapy U.S. 3 billion of Service (DFW spent 7 Emerging onResearch facility upgrades • 3 of 7 Emerging Research • per year 5th largest concentration of technology- UNIVERSITIES universities (Not perin seasonally Texas year pursuing “tier designated adjusted)centers in the U.S. • Architecture per as Foreign-Trade Zone INTERNATIONAL) universities year and Source: North in Texas pursuing Engineering “tier Texas Commission, Dallas/Fort universities Worth (BNSF Intermodal designated as Foreign-Trade in Texas pursuing Source: Zone “tier nearly Source: Facility), DallasBureau Regional of Labor Chamber, 2017. desig Statistic 90 Coordinating 3,000 trucks MEMBER (Alliance Global Logistics Hub) Hospital Council, 2017. (Alliance Global Logistics Hub) (Allia related • employees ingross the U.S. (162,060 $52 billionHOSPITALS medical services • one” Office and •status 45,481 $52Administrative billion gross medical services • • Arts, $52one” • Design, status billion gross medical OFEntertainment, 1 ranked 7 container AIRPORTS services Sports, one” status and 16 intermodal trains per day OUR ECONOMY Top 10 ports • Top 10 ranked container ports • Top tech talent total) • Sales and• Media 2GLOBALLY of 14 proton beam 200+ cancer therapy • 2 of 14 proton IN THEbeamDALLAS/ cancer therapy • 2 of 14 proton beam cancer therapy (BNSF Intermodal WITH Facility), DIRECT (BNSF Intermodal Facility), (BNS • 46 coworking spaces BACHELORS, Source: North Texas Commission, Dallas/Fort Worth Source: Dallas Regional Chamber, 2017. Source: DFW International Airport, Love Field, FORT centers in the U.S. WORTH • Food Preparation and centers in the Service Hospital Council, 2017. U.S. • Community DESTINATIONS centersand Social in nearly the (DFW Service U.S.3,000 INTL) Hillwood, 2017. • HOSPITAL COUNCIL 26 incubators/accelerators MASTERS AND Coordinating trucks CBRE | WHYDFW? Coordinating nearly 3,000 trucks 2 Coo • Transportation and Material Moving • Legal PHD DEGREES and 16 intermodal trains per day and 16 intermodal trains per day and • Production • • 78Life, Physical, million annualandpassengers Social Science AWARDED IN 2015 2 Source: CBRENorth Source: Research, Texas2016; Dallas Regional Commission, Dallas/Fort Worth • Source: Business North andTexas Commission, Financial CBRE Dallas/Fort Operations Worth | WHYDFW? •Source: (DFW DFW Source: Farming, International NorthFishing, International Airport, Texas Commission, and + Love Field, Worth Dallas/Fort Forestry Love Field) Source: DFW International Airport, Love Field, Q117 Source: DFW Source: Dallas Regional Chamber, 2017. Source: Dallas Regional Chamber, 2017. Source: Dallas Regional Chamber, 2017. • Chamber, 21,000+2017. Hospital Council, 2017. establishments health-related • 370,899 Hospital Council, students 2017. enrolled Hillwood, • 2017. Hospital Council, 2017. 9,600 acres of inland port Hillwood, 2017. Hillwood, 201 • $5.4 billion spent on facility upgrades • 3 of 7 Emerging Research designated as Foreign-Trade Zone per year HEALTHCARE universities in Texas pursuing “tier HIGHER EDUCATION (Alliance Global Logistics Hub) AIRPORT SYSTEM 3 •Q117 |2WHYDFW? WHYDFW? 2| CBREQ117 2 Q117 18 3 CBREgross | WHYDFW? one” statusCBRE Top CBRE | WHYDFW? $52 billion medical services RD BUSIE 15 • 10 ranked container ports • 2 of 14 proton beam cancer therapy NOBEL (BNSF Intermodal Facility), MAJOR
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 WHY DALLAS/FORT WORTH? DFW FORTUNE 500 COMPANIES Company Revenues ($B) 2 Exxon Mobile $246.20 10 AT&T $146.801 65 Energy Transfer Equity $42.126 67 American Airlines $40.99 140 Tenet Healthcare $20.11 142 Southwest Airlines $19.82 151 Kimberly-Clark $18.59 155 Fluor $18.11 214 HollyFrontier $13.23 219 Texas Instruments $13.00 228 JCPenney $12.62 260 D.R. Horton $10.82 302 GameStop $9.36 336 Dean Foods $8.12 404 Alliance Data Systems $6.44 407 Trinity Industries $6.39 413 Dr. Pepper Snapple Group $6.28 417 Commercial Metals $6.16 453 Celanese $5.67 475 Energy Future Holdings $5.37 19
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 WHY DALLAS/FORT WORTH? OUR DIVERSITY DALLAS/FORT WORTH HAS THE MOST DIVERSE ECONOMY IN TEXAS 9 out of 10 of the major industry supersectors make up 17% or less of the total metro economy DALLAS/FORT DALLAS/FORT OUR WORTH WORTH HASHAS DIVERSITY THE MOST THE MOST DIVERSEDIVERSE ECONOMY ECONOMY IN TEXAS IN TEXAS OUR DIVERSITY H HAS THE MOST DIVERSE ECONOMY IN TEXAS 9 out of 10 of the major industry supersectors make up 17% or less of the total metro economy DEMOGRAPHICS OTHER supersectors 9 out of 10 of the major industry INFO make up 17% or less of the total metro economy CURRENT GDP supersectors make up 17% or less of SERVICES the total metro economy DEMOGRAPHICS TDIVERSE DIVERSEECONOMY ECONOMYIN INTEXAS DEMOGRAPHICS IN 2015 TEXAS OTHER MINING, LOGGING, OTHER SERVICES + CONSTRUCTION INFO INFO SERVICES TRADE, TRANSPORTATION, CURRENT GDP CURRENT GDP CURRENT GDP IN 2015 W GDP IN 2015 $485.7 MINING, MINING,LOGGING, LOGGING, DF $485.7 $485.7 %ororless ofofthe less thetotal totalmetro MANUFACTURING metroeconomy ++CONSTRUCTION CONSTRUCTION economy TRADE, TRANSPORTATION, TRADE, TRANSPORTATION, + UTILITIES + UTILITIES IN 2015 D $485.7 FW GDP DF DFW W GDP BILLION 7.2 DFW MAKES BILLION MANUFACTURING + UTILITIES DFW BILLION 6Source: 1/3 TRADE, TRANSPORTATION, W GDP MAKES MANUFACTURING DF MAKES th UP Source: Bureau + UTILITIES DFW 6 th BILLION6 UP 1/3 Bureau MILLIONUPRESIDENTS of Economic of Economic MAKES CURRENT th OF THE 1/3 Source: Bureau OF THE CURRENTGDP DFW WAS THE FASTEST Analysis, of Economic AngloAnalysis, FINANCIAL 6 th UP 1/3Anglo GDP POPULATION Source: Bureau of Economic STATE’S GROWING METRO INOF GDP THETHESeptember 2016. STATE’S Analysis, STATE’S September 2016. ACTIVITIESFINANCIAL FINANCIAL Source: Bureau of Hispanic OF THE ININ2015 TRENDS 2015 Analysis, IN THE NATION IN 2016. GDP SeptemberGDP 2016. Hispanic ACTIVITIES Labor Statistics, May DIVERSITY DIVERSITY $485.7 ACTIVITIES 2017. Source: Bureau of Source: Bureau of African STATE’S American September 2016. NATION African American W GD DFDFW GPDP 2017. Labor Statistics, May Labor Statistics, May IN THE2017. GDP Asian $485.7 PROFESSIONAL + IN THE NATION IN THE NATION Anglo Asian PO BILLION 393 T Other IF DFW WAS A STATE IF DFW WAS A COUNTRY DFW DFW NATION BUSINESS SERVICES 143,435 BILLION Hispanic Other 1 PROFESSIONAL + LEISURE + MAKES MAKES PROFESSIONALIF DFW +WAS A STATE LARGEST GDP IFAND DIVERSITY DFW WAS A COUNTRY African American 9 DALLAS/FORT THE 9MOSTWORTH DIVERSEHAS THE MOST IN DIVERSE ECONOM BUSINESS SERVICESRESIDENTS th IFPERDFW IF DFW WAS A COUNTRY BELOW WAS A STATE DALLAS/FORT 1/3 WORTH HAS ECONOMY TEXAS ADDED FROM JULY RESIDENTS 66 th + 1/3 23rd RANK JUST HOSPITALITY PROFESSIONAL BUSINESS th UPUP IF DFW WAS A STATE Source: IF DFW WAS A COUNTRY Bureau BUSINESS Source: Bureau LARGEST 2015 TO GDP JULY SERVICES 2016 DAY TAIWAN LEISURESERVICES + Asian RES of of Economic th LARGEST GDP AND HOSPITALITY LEISURE + OF THE Economic Source: U.S. Census Bureau, March 2017. 23rd RANK JUST BELOW LARGEST GDP AND Analysis, less of 9the OF THE LARGEST 9 out of make 10 of up the17% GDP AND major LARGEST GDP th or industry Analysis, supersectors total metromake up 17% or less Otherof the total metro econo 9 out of 109 thofEDUCATION the major industry supersectors economy 14 TAIWAN HOSPITALITY GOVERNMENT STATE’S 23rd RANK JUST BELOW ORT WORTH HAS THE MOST LARGEST GDPDIVERSE ECONOMY IN TEXAS + STATE’S HEALTH SERVICES 23rd RANKSeptember JUST BELOW2016. September 2016. LARGEST GDP GDP TAIWAN TAIWAN GDP GOVERNMENT EDUCATION + OTHER the major industry ININsupersectors make up OTHER THE 17% or less of the total metro economy INFO INFO CURRENT GDP RESIDENTS DUCATION + THE HEALTH SERVICES SERVICES SERVICES 2015 NATION GOVERNMENT EDUCATION + IN 2015 EALTH SERVICES NATION MINING, LOGGING, DFW TRADE SECTORS A DEGREE IN HIGHER LEARNING MINING, LOGGING, $485.7 HER INFO HEALTH SERVICES CURRENT GDP + CONSTRUCTION + CONSTRUCTION RVICES W GDTRADE, TRANSPORTATION, W GDP TRADE, TRANSPORTATION,IN 2015 DF P UTILITIES DF + IFIF DFW WAS A STATE DFW WAS A STATE TRADE, TRANSPORTATION, MANUFACTURING TECHNOLOGY COMPUTER AND ELECTRONIC IF DFW WAS DF A COUNTRY W GDP TRANSPORTATION + IF DFW WAS A MANUFACTURING COUNTRY UTILITIES • Education, 370,899 $485.7 Training, STUDENTS and • Healthcare Practitioners and Library DFW MAKES BILLION DFW TRADE SECTORS DFW MAKES + UTILITIES PRODUCTS EQUIPMENT DFW LARGEST GDP ENROLLED AT MAJOR UNIVERSITIES AND AND COMMUNITY MAKES Technical COLLEGES IN DFWBILLION 6 th UP 1/3 th 6Source: Bureau UP 1/ 99 thth TRADE VALUE DFW EXPORT LARGEST TRADE VALUE RANK DFW B6 thJUST GDP EXPORT BELOW AND UP 1/3 • Installation, Maintenance, and Source: Bureau OF THE of Economic #2 $6.70 B 24.70% rd $5.50 20.30% MARKET LARGEST GDP 2323rd RANK JUSTFORCE LABOR BELOW • Education, Training, and Library Repair of Economic STATE’S Analysis, LARGEST FOR GDP TECHNOLOGY FINANCIAL TECH TAIWAN Education,FINANCIAL • TAIWAN OF THE Training, and Library ACTIVITIES 45,481 STATE’S • Analysis, DEGREES Management • Healthcare Practitioners and September 2016. GDP September 2016. ACTIVITIES Source: Bureau TechnicalofAWARDED IN COMPUTER AND ELECTRONIC TRANSPORTATION Source: Bureau • ofHealthcare Practitioners and DFW TRADE SECTORS A GDP BACHELORS, MASTERS,• AND Computer PHD DEGREES and Mathematical IN THE Source: Bureau “BRAIN GAIN” MACHINERY, EXCEPT of • Labor Statistics, andMay IN THE PRODUCTS EQUIPMENT CHEMICALS Labor Statistics,ELECTRICAL May Technical IN THE 2015 IN DFW COLLEGES AND UNIVERSITIES Construction • Extraction Installation, Maintenance, and • Education, Training, and NATION Library 2017. #2 Labor Statistics, May MARKET WHEN TRADE COMPARING JOBS VALUE TECHNOLOGY ADDED $3.40 B DFW EXPORT TO12.80% 2017. TRADE•VALUE $3.20 B NATION LABOR FORCE DFW EXPORT Installation, 12% Maintenance, and • 2017. Personal Care and Service Repair NATION TRADE VALUE DFW EXPORT •24.70% TRADE VALUE Healthcare Practitioners andB DFW EXPORT 272,745 $6.70 B $5.50 20.30% • Building, Grounds Cleaning and FOR TECH LABOR FORCE DEGREES AWARDED+ PROFESSIONAL Repair PROFESSIONAL + Maintenance GRADUATES • Management PROFESSIONAL + IF DFW WAS A STATE IF•DFW WAS A STATE IF DFW WAS BUSINESS A COUNTRY SERVICES IF DFW WAS A • Computer and MathematicalSTATEBUSINESS Technical IF SERVICESDFW WAS A COUNTRY BUSINESS SERVICES Management “BRAIN GAIN” IN 2015 FROM 100+ COLLEGES WITHIN • Healthcare Support TEXAS AND ELECTRONIC• Installation, Maintenance, and MISC. MANUFACTURED • Computer and Mathematical AND ADJACENT STATES • Construction and Extraction COMPUTER TRANSPORTATION #2 • Protective Service LEISURE + LEISURE WHEN MARKET • 5th largest concentration HOSPITALITY + COMPARING of technology- COMMODITIES •9 Construction and th HOSPITALITY 23rd LABOR Extraction LARGEST GDP AND • FORCE Architecture RANK JUST BELOW 9and • Personal Engineering th Care PRODUCTS and Service Repair 9 LARGEST GDP th EQUIPMENT AND MACHINERY, rd RANK JUST BELOW 20 EXCEPT related employees JOBS in the U.S.ADDED TRADE VALUE (162,060 TO $1.70 B DFW EXPORT 6.40% LARGEST •• Office GDP and Administrative Personal Care and Service TAIWAN• Source: Arts, Design, Dallas • 2017 LARGEST Building, RegionalEntertainment, Chamber, Grounds Sports, GDP CHEMICALS Cleaning and 23 LARGEST GDP ELECTRICAL TRADE VALUE DFW EXPORT • Management TRADE TAIWAN VALUE DFW EXPORT
BUSINESS SERVICES STATE’S September 2016. • Installation, Maintenance, and 7.2 f #2 MARKET 9 thIN THE LABOR FORCE LARGEST GDP AND GDP Repair MILLION RESIDENTS STANTON OUR OUR FOR TECH OPTICALDIVERSITY | SMOOTHIE KING RANK JUST BELOW OUR DIVERSITY May 23 rd 3524 •HIGHWAY Management DIVERSITY LARGEST NATIONGDP 114 | FORT WORTH,DFW WAS TX FASTEST THE 76177 TAIWAN Anglo POPULATION • Computer and Mathematical GROWING METRO IN THE “BRAIN GAIN” PROFESSIONAL + IF DFW WAS A STATE IF DFW WAS A COUNTRY Hispanic • TRENDS Education, Training,and • Construction NATION IN 2016. andExtraction Library BUSINESS SERVICES DIVERSITY African American TECHNOLOGY OUR DIVERSITY EDUCATION + WHEN COMPARING • Healthcare • PersonalPractitioners Care and and Service HEALTH SERVICES WHY DALLAS/FORT DEMOGRAPHICSWORTH? JOBS ADDED TO th Asian DEMOGRAPHICS OUR DIVERSITY LARGEST GDP AND Technical • Building, Grounds Cleaning and DEMOGRAPHICS 9 DEGREES AWARDED 23rd RANK JUST BELOW 393 Other #2 MARKET LARGEST GDP LABOR FORCE TAIWAN • Repair 143,435 Installation, Maintenance, and Maintenance • Healthcare Support DEMOGRAPHICS 7.2 7.2 RESIDENTS ADDED FROM JULY RESIDENTS PER 7.2 • Management • Protective Service FOR+TECH EDUCATION DEMOGRAPHICS • 2015 TO JULY Computer 2016 and Mathematical DAY • 5th largest concentration of technology- • Architecture and Engineering “BRAIN HEALTH SERVICES GAIN” related employees in the U.S. (162,060 • Office and Administrative 7.2 • Construction and Extraction • Arts, Design, Entertainment, Sports, Source: U.S. Census Bureau, March 2017. MILLION RESIDENTSMILLION RESIDENTS MILLION RESIDENTS 7.2 WHEN tech talent total)COMPARING • • Education, Sales • Personal Training, and Library DFW WAS THE FASTEST andCare and Service Media • JOBS 46 coworking ADDED TO spaces Anglo POPULATION DFW DFWWAS WAS THE THEFASTEST FASTEST MILLION RESIDENTS • Anglo Healthcare Practitioners POPULATION •Anglo Food Preparation and Service GROWING POPULATION and METRO•IN THE Building, Grounds • Community GROWING METRO ININ Cleaning and THE Social and Service • DEGREES AWARDED 26 incubators/accelerators Hispanic TRENDS NATION IN 2016.GROWING METRO DFW THE FASTEST • HispanicTransportation Technical Hispanic and Material Anglo TRENDS Moving TRENDS NATION IN Maintenance • POPULATION Legal NATION IN MILLION 2016. 2016. WAS THE RESIDENTS GROWING METRO IN THE DIVERSITY DIVERSITY African American • Installation, Production •TRENDS THE FASTEST NATION DFW WAS IN 2016. DIVERSITY African American •African Hispanic American Maintenance, Anglo and Healthcare POPULATION Support • Life, Physical, and Social Science GROWING METRO IN THE Source: CBRE Research, 2016; Dallas Regional LABOR FORCE Asian Asian DFW TRADE SECTORS DIVERSITY Repair Asian African American • Business and Financial Operations Hispanic TRENDS • Protective A DEGREE IN HIGHER Service • Farming, NATION Fishing, andINForestry 2016. LEARNING Chamber, 2017. 143,435393 Other DIVERSITY Asian 143,435 Education, Training,African American • Architecture and Engineering 143,435393 • 5th largest concentration of technology- • Management Other and Library 143,435 •Other related employees in the U.S. (162,060 • •Office and Administrative • Computer Healthcare Asian andPractitioners 393 393 and Other • Arts, Design, Entertainment, Sports, 370,899 Mathematical 393 Other • tech talent total) 46 coworking spaces RESIDENTS ADDED FROM • •Sales 143,435 2015 TO JULY 2016 COMPUTER AND ELECTRONIC 3 JULY Technical and Extraction Construction RESIDENTS 2015 ADDED FROM RESIDENTS PER JULY RESIDENTS ADDED FROMRESIDENTS JULY TRANSPORTATION 2015TOTOJULY JULY2016 and FROM ADDED Media DAY RESIDENTS RESIDENTS JULY PER PER RESIDENTS PER DAY STUDENTS NG Q117 • PRODUCTS •Food Preparation • Personal Care and Installation, and Service Maintenance, Service and EQUIPMENT 2016 2015 TO JULY 2016 RESIDENTS•ADDED Community FROM JULY and WHYDFW? DAYSocial Service ENROLLED RESIDENTS |ATCBRE DAY MAJOR UNIVERSITIES PER • 26 incubators/accelerators 2015 TO JULY 2016 AND COMMUNITY DAY COLLEGES IN DFW LABOR FORCE • Transportation Repair • Building, TRADE VALUE and Material Grounds Cleaning DFW EXPORT Moving andSource: TRADE VALUE U.S. Census DFW Bureau, EXPORT• 2017. March Legal Source: U.S. Census Bureau, March 2017. Source: U.S. Census Bureau, March 2017. Source: U.S. Census Bureau, March 2017. DED $6.70 • BProduction 24.70% • Maintenance Management $5.50 B 20.30% • Life, Physical, and Social Source: U.S. Census Science Bureau, March 2017. Source: CBRE Research, 2016; Dallas Regional Chamber, 2017. • •Business and Financial • Healthcare Computer • • Protective Operations and Mathematical Support Construction and Extraction Service • 45,481 Farming, Fishing, and Forestry DEGREES MACHINERY, EXCEPT BACHELORS, MASTERS, AND PHD DEGREES AWARDED IN ING y- • • Architecture Personal Care CHEMICALS and Service and Engineering 2015 IN DFW COLLEGES AND UNIVERSITIES O DFW TRADE SECTORS ELECTRICAL A DEGREE IN HIGHER LEARNING 0 • DFW TRADE SECTORS Office and Administrative DFW DFW TRADE TRADESECTORS SECTORS • • Arts, DFWDFW TRADE VALUE A Grounds Building, DEGREE Design, TRADE 3 EXPORT IN Cleaning A Entertainment, SECTORSTRADE HIGHER and DEGREE Sports, A DEGREE VALUE LEARNING DFWIN INAHIGHER HIGHER LEARNING DEGREE IN EXPORT LEARNING HIGHER LEARNING DED Q117 $3.40 B and 12.80% $3.20 B 12% WHYDFW? | CBRE 272,745 • Sales Maintenance Media • Food Preparation and Service • • Community Healthcareand Support Social Service 370,899 STUDENTS GRADUATES • Transportation and Material Moving COMPUTER AND ELECTRONIC COMPUTER AND ELECTRONIC PRODUCTS • • Legal Protective Service COMPUTER AND ELECTRONIC MISC. MANUFACTURED TRANSPORTATION TRADE VALUE DFW EXPORT EQUIPMENT370,899 TRANSPORTATION TRANSPORTATION TRADE VALUE DFW EXPORT STUDENTS370,899 370,899 370,899 IN 2015 STUDENTS STUDENTS FROM 100+ COLLEGES WITHIN TEXAS STUDENTS ENROLLED AT MAJOR UNIVERSITIES AND COMMUNITY COLLEGES IN DFW AND ADJACENT STATES gy- COMPUTER COMPUTERAND • Production ANDELECTRONIC ELECTRONIC TRANSPORTATION • • Life, PRODUCTS Architecture andSocial Physical, and TRANSPORTATION Engineering Science EQUIPMENT ENROLLED AT MAJOR UNIVERSITIES ENROLLED AT MAJOR UNIVERSITIES PRODUCTS EQUIPMENT $6.70 B 24.70% COMMODITIES $5.50 B 20.30%ENROLLED ATATMAJOR UNIVERSITIES AND COMMUNITY COLLEGES IN DFW PRODUCTS PRODUCTS TRADE VALUE EQUIPMENT EQUIPMENT ANDVALUE COMMUNITY ENROLLED COLLEGES IN DFW MAJOR UNIVERSITIES 60 • • Business Office DFWand and Administrative Financial Operations •DFW EXPORT TRADE DFW EXPORT 45,481 DEGREES TRADE VALUE EXPORT TRADE VALUE DFW BEXPORT • Farming, Arts, TRADE Design, Entertainment, Fishing, VALUEand Forestry Sports,AND DFW EXPORT COMMUNITY COLLEGES IN DFW TRADE VALUE TRADE VALUE DFW EXPORT DFW EXPORT $6.70 TRADE 24.70% TRADEVALUE VALUE DFW EXPORT $5.50 B DFWEXPORT 20.30%AND COMMUNITY COLLEGES IN DFW $6.70 B 24.70% $5.50 B 20.30% $1.70 B 6.40% Source: Dallas Regional Chamber, 2017 • Sales and20.30% Media $6.70 $6.70BB 24.70% 24.70% $5.50 $5.50BB 20.30% 45,481 DEGREES 45,48145,481 MACHINERY, EXCEPT BACHELORS, MASTERS, AND PHD DEGREES AWARDED IN • Food Preparation and Service • Community and SocialELECTRICAL Service 45,481 CHEMICALS 2015 IN DFW COLLEGES AND UNIVERSITIES Q117 DFW DEGREES DEGREES 5 BACHELORS, MASTERS, AND PHD DEGREES AWARDED IN WHYDFW? | CBRE • Transportation and Material Moving TRADE VALUE • EXPORT CHEMICALS Legal MACHINERY, EXCEPT TRADE VALUE DEGREES DFW EXPORT ELECTRICAL 2015 IN DFW COLLEGES AND UNIVERSITIES 3 MACHINERY,$3.40 B 12.80% BACHELORS, MASTERS, $3.20 AND PHD DEGREES AWARDED IN WHYDFW? |BCBRE 12% 272,745 EXCEPT BACHELORS, MASTERS, AND • Production CHEMICALS • EXPORT MACHINERY, TRADE VALUE DFW Life, MACHINERY, Physical,2015 EXCEPT EXCEPT and TRADESocial VALUE IN DFW Science BACHELORS, DFW EXPORT COLLEGES AND MASTERS, ANDPHD UNIVERSITIES PHDDEGREES DEGREESAWARDED AWARDEDININ CHEMICALS CHEMICALS ELECTRICAL ELECTRICAL 2015 2015ININDFW DFWCOLLEGES COLLEGES AND AND UNIVERSITIES UNIVERSITIES GRADUATES $3.40 B 12.80% $3.20 B 12% 272,745 • Business and Financial Operations ELECTRICAL • Farming, Fishing, and Forestry TRADE VALUE DFW EXPORT TRADE VALUE DFW EXPORT GRADUATES IN 2015 FROM 100+ COLLEGES WITHIN TEXAS TRADE TRADEVALUE VALUE DFW DFWEXPORT EXPORT TRADE TRADEVALUE VALUE DFW DFWEXPORT EXPORT AND ADJACENT STATES $3.40 B 12.80% $3.20 B 12% 272,745 MISC. MANUFACTURED $3.40 $3.40BB 12.80% $3.20 $3.20BB 12% 12.80% 12% 272,745 IN 2015 FROM 100+ COLLEGES WITHIN TEXAS 272,745 COMMODITIES MISC. MANUFACTURED GRADUATES GRADUATES AND ADJACENT STATES TRADE VALUE DFW EXPORT COMMODITIES GRADUATES $1.70 B 6.40% Source: Dallas Regional Chamber, 2017 IN 2015 FROM 100+ COLLEGES WITHIN TEXAS TRADE VALUE DFW EXPORT ININ2015 2015 FROM FROM100+ 100+COLLEGES COLLEGESWITHIN WITHINTEXAS TEXAS 3 MISC. MANUFACTURED $1.70 BWHYDFW? AND ADJACENT STATES MISC. MANUFACTURED COMMODITIES MISC. MANUFACTURED 6.40% | CBRE 5 AND ANDADJACENT ADJACENTSTATES STATES Source: Dallas Regional Chamber, 2017 21 Q117 COMMODITIES WHYDFW? | CBRE COMMODITIES TRADE VALUE DFW EXPORT 5 TRADE VALUE Q117EXPORT DFW WHYDFW? | CBRE
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 DISCLAIMERS CBRE, Inc. operates within a global family of companies with many subsidiaries and/ purport to be complete nor necessarily accurate descriptions of the full agreements or related entities (each an “Affiliate”) engaging in a broad range of commercial referenced. Interested parties are expected to review all such summaries and other real estate businesses including, but not limited to, brokerage services, property and documents of whatever nature independently and not rely on the contents of this facilities management, valuation, investment fund management and development. Memorandum in any manner. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Af- Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affil- filiates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, iates or representatives make any representation or warranty, expressed or implied, Affiliates may express an interest in the property described in this Memorandum (the as to the accuracy or completeness of this Memorandum or any of its contents, and “Property”) may submit an offer to purchase the Property and may be the success- no legal commitment or obligation shall arise by reason of your receipt of this Mem- ful bidder for the Property. You hereby acknowledge that possibility and agree that orandum or use of its contents; and you are to rely solely on your investigations and neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to inspections of the Property in evaluating a possible purchase of the real property. you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents The Owner expressly reserved the right, at its sole discretion, to reject any or all in the transaction described in this Memorandum and will not act in concert with or expressions of interest or offers to purchase the Property, and/or to terminate discus- otherwise conduct its business in a way that benefits any Affiliate to the detriment of sions with any entity at any time with or without notice which may arise as a result of any other offeror or prospective offeror, but rather will conduct its business in a man- review of this Memorandum. The Owner shall have no legal commitment or obli- ner consistent with the law and any fiduciary duties owed to the client(s) it represents gation to any entity reviewing this Memorandum or making an offer to purchase the in the transaction described in this Memorandum. Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the This is a confidential Memorandum intended solely for your limited use and benefit Owner’s obligations therein have been satisfied or waived. in determining whether you desire to express further interest in the acquisition of the Property. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence This Memorandum contains selected information pertaining to the Property and does and that you will not disclose this Memorandum or any of its contents to any other not purport to be a representation of the state of affairs of the Property or the own- entity without the prior written authorization of the Owner or CBRE, Inc. You also er of the Property (the “Owner”), to be all-inclusive or to contain all or part of the agree that you will not use this Memorandum or any of its contents in any manner information which prospective investors may require to evaluate a purchase of real detrimental to the interest of the Owner or CBRE, Inc. property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, mar- If after reviewing this Memorandum, you have no further interest in purchasing the ket conditions, competition and other factors beyond the control of the Owner and Property, kindly return this Memorandum to CBRE, Inc. CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qual- ified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not 22
STANTON OPTICAL | SMOOTHIE KING 3524 HIGHWAY 114 | FORT WORTH, TX 76177 INFORMATION ON BROKERAGE SERVICES 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. Before working with a real estate broker, you should know that the duties of a The written consent must state who will pay the broker and, in conspicuous broker depend on whom the broker represents. If you are a prospective seller bold or underlined print, set forth the broker’s obligations as an intermediary. or landlord (owner) or a prospective buyer or tenant (buyer), you should know The broker is required to treat each party honestly and fairly and to comply that the broker who lists the property for sale or lease is the owner’s agent. A with The Texas Real Estate License Act. A broker who acts as an intermediary in broker who acts as a subagent represents the owner in cooperation with the a transaction: listing broker. A broker who acts as a buyer’s agent represents the buyer. A (1) shall treat all parties honestly; 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 (2) may not disclose that the owner will accept a price less than the asking price lease, or obtaining financing without representing you. A broker is obligated by unless authorized in writing to do so by the owner; law to treat you honestly. (3) may not disclose that the buyer will pay a price greater than the price sub- mitted in a written offer unless authorized in writing to do so by the buyer; and IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the (4) may not disclose any confidential information or any information that a owner, usually through a written - listing agreement, or by agreeing to act as a party specifically instructs the broker in writing not to disclose unless authorized subagent by accepting an offer of subagency from the listing broker. A subagent in writing to disclose the information or required to do so by The Texas Real may work in a different real estate office. A listing broker or subagent can as- Estate License Act or a court order or if the information materially relates to the sist the buyer but does not represent the buyer and must place the interests of condition of the property. the owner first. The buyer should not tell the owner’s agent anything the buyer With the parties’ consent, a broker acting as an intermediary between the par- would not want the owner to know because an owner’s agent must disclose to ties may appoint a person who is licensed under The Texas Real Estate License the owner any material information known to the agent. Act and associated with the broker to communicate with and carry out in- structions of one party and another person who is licensed under that Act and IF THE BROKER REPRESENTS THE BUYER: associated with the broker to communicate with and carry out instructions of The broker becomes the buyer’s agent by entering into an agreement to repre- the other party. sent the buyer, usually through a written buyer representation agreement. A buy- er’s agent can assist the owner but does not represent the owner and must If you choose to have a broker represent you, you should enter into a written place the interests of the buyer first. The owner should not tell a buyer’s agent agreement with the broker that clearly establishes the broker’s obligations and anything the owner would not want the buyer to know because a buyer’s agent your obligations. The agreement should state how and by whom the broker will must disclose to the buyer any material information known to the agent. 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 IF THE BROKER ACTS AS AN INTERMEDIARY: that the broker represents you. If you have any questions regarding the duties A broker may act as an intermediary between the parties if the broker complies and responsibilities of the broker, you should resolve those questions before with The Texas Real Estate License Act. The broker must obtain the written con- proceeding. sent of each party to the transaction to act as an intermediary. Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records. 23
EXCLUSIVE MARKETING ADVISORS OFFERING MEMORANDUM C B R E C A P I TA L M A R K E T S JARED AUBREY S TA N TO N O P T I C A L SENIOR VICE PRESIDENT +1 214 252 1031 jared.aubrey@cbre.com MICHAEL AUSTRY VICE PRESIDENT +1 214 252 1115 michael.austry@cbre.com S M O OT H I E K I N G 3 5 2 4 H I G H W AY 1 1 4 | F O R T W O R T H , T X 7 6 1 7 7
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