STONE GLEN VILLAGE 721 KELLER PARKWAY | KELLER, TX 76248
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STONE G LE N VILL AG E
7 21 KE LLE R PA R K WAY | KE LLE R, T X 7624 8
EXCLUSIVE MATT BANAS MICHAEL AUSTRY JARED AUBREY
Associate First Vice President Senior Vice President
MARKETING +1 214 252 1069 +1 214 252 1115 +1 214 252 1031
ADVISORS matt.banas@cbre.com michael.austry@cbre.com jared.aubrey@cbre.com
OFFERING SUMMARY
PRICE: $7,133,800
CAP RATE: 6.50%
NET OPERATING INCOME $463,695
YEAR BUILT 2004
GROSS LEASEABLE AREA 27,359 SF
LOT SIZE 3.11 ACRES
OCCUPANCY 92.99%
AVERAGE RENT PSF $18.79
PRICE PSF $261
STON E G LE N VI LL AG E
7 21 KE LLE R PA R K WAY | KE LLE R , T X
2
INVESTMENT HIGHLIGHTS
Significantly Below Market Rent – Average rent per square foot
currently sits at $18.79
Strong Tenant Commitment to Site – Approximately 70% of the
tenant base have been part of the center for over 11+ years on average
Close Proximity to DFW Airport – The #1 Ranked International
Airport by Traffic Volume in the World
Internet & Recession Resistant Tenant Lineup – Provides an investor
with further stability to complement the net leases in place
Strategically Located Along Keller Parkway – Easy access and great
visibility along Keller’s main thoroughfare, boasting 35,070 vehicles
per day
Directly Adjacent to Keller Highschool & The Keller ISD Athletic
Complex – This 8,800 capacity sporting complex is home to Keller
ISD’s four high school’s football, soccer and track & field programs
Located in Dense Retail Market – Near by national retailers include:
Kroger, Chick-Fil-A, Sam’s Club, Tom Thumb, Starbucks, McDonald’s,
Wells Fargo, Enterprise Rent-A-Car, Sonic, Autozone Auto Parts,
Chase Bank, Raising Cane’s, Sonic and many more
Densely Populated Submarket within DFW – There are over
403,000 people in a 7-mile radius of the property with an average
household income over $128,000
Forbes Named The Dallas-Plano-Irving Area as the Third Fastest
Growing Metropolis in America
Business Friendly Climate – Texas has consistently ranked within
the top 3 states for friendly business climate and strong economy
across multiple nationally recognized media outlets
Texas Has NO State Income Tax
3
TENANT ROSTER
LEASE LEASE ANNUAL BASE LEASE
TENANTS SF GLA %
COMMENCEMENT EXPIRATION RENT TOTAL TYPE
BAHA GRILL 3,067 11.21% MAY 2011 JANUARY 2032 $70,560 NNN
I FRATELLI PIZZA 1,404 5.13% DECEMBER 2012 MARCH 2023 $27,350 NNN
SMALLCAKES CUPCAKERY 1,334 4.88% OCTOBER 2017 MARCH 2025 $24,012 NNN
EDIBLE ARRANGEMENTS 1,350 4.93% MARCH 2006 DECEMBER 2025 $28,688 NNN
TEXTURE TECHNIQUES 1,123 4.10% NOVEMBER 2020 OCTOBER 2023 $19,091 NNN
SOLE RELAX FOOT SPA 1,628 5.95% MAY 2016 JULY 2026 $26,862 NNN
TEXAS ORTHOPEDIC ASSOCIATES 5,639 20.61% JANUARY 2021 FEBRUARY 2024 $98,682 NNN
TEXAS ORTHOPEDIC ASSOCIATES 1,539 5.63% JANUARY 2021 FEBRUARY 2024 $26,933 NNN
METROPLEX PIANO 5,326 19.47% FEBRUARY 2014 JANUARY 2023 $101,194 NNN
THE LOST CAJUN 3,031 11.08% AUGUST 2018 AUGUST 2024 $54,679 NNN
AVAILABLE 1,918 7.01% - - - -
TOTAL OCCUPIED 25,441 92.99% $478,051
4
OBLIQUE AERIAL KASSANDRA‘S MEXICAN KITCHEN El Sabor Restaurant 5
PROPERTY LOCATION
STONE GLEN VILLAGE
721 KELLER PARKWAY
KELLER, TX
6
RETAIL AERIAL 7
RETAIL AERIAL 8
SITE PLAN
This illustration is for reference purposes only. You are solely responsible for independently verifying the information in this Memorandum.
9 ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.
TENANT PLAN
This illustration is for reference purposes only. You are solely responsible for independently verifying the information in this Memorandum.
10 ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.WHERE ARE STONE GLEN VILLAGE’S
VISITORS COMING FROM?
MASS MOBILE DATA STUDY ON
STONE GLEN VILLAGE | KELLER, TX
Stone Glen Village attracts visitors from all
over Texas which increases the true market
potential for retailers exponentially. The
property is not only appealing to the local
customer base in Keller, but also the large
amount of people all throughout the state. To
illustrate this, the map uses data sourced from
a wide range of mobile apps that shows where
visitors are coming from. Therefore, each dot
creates an accurate picture of customers that
have visited the property in the past 12 months.
This map was created by CBRE’s mobile
technology platform called Mass Mobile Data
(MMD). MMD is anonymous data gathered
from the GPS trackers in one’s devices. By
analyzing the sophisticated mobile data, CBRE
is able to paint a picture of any property’s
customer base.
Customer Location
11Stone Glen Village
IN-PLACE NOI & PRICING SUMMARY
IN-PLACE NOI AND PRICING SUMMARY
In-Place NOI
Aug-21 to Jul-22 $ PSF Assumptions
Size of Improvements 27,359 SF Commencement Date Aug 1, 2021
In-Place Occupancy 92.99% Operating Expense Source 2021 Budget
REVENUES Management Fee (% of EGR) 4.00%
Scheduled Base Rent Real Estate Taxes Reassessed? Yes
Gross Potential Rent $517,024 $18.90
Absorption & Turnover Vacancy (34,725) (1.27) Notes
Total Scheduled Base Rent 482,298 17.63 General:
CAM Reimbursement 46,446 1.70 a) Analysis assumes no general vacancy loss, capital, or leasing costs.
MGT Reimbursement 25,162 0.92 Operating Expenses:
INS Reimbursement 20,548 0.75 a) Real Estate Taxes in CY2021 are reassessed using the 2020 millage rate of
RET Reimbursement 136,378 4.98 2.378299%. Taxes are assumed to grow 3% annually thereafter beginning
CY2022.
TOTAL GROSS REVENUE 710,832 25.98
b) Analysis does not factor in the Texas Margin Tax and assumes a buyer will
OPERATING EXPENSES consult with their tax advisor to evaluate their exposure to this expense.
Common Area Maintenance (49,947) (1.83)
Management Fee (28,433) (1.04)
Insurance (22,097) (0.81)
Real Estate Taxes (146,659) (5.36)
TOTAL OPERATING EXPENSES (247,137) (9.03)
NET OPERATING INCOME $463,695 $16.95
Investment Summary
Annual Debt Service (265,650) (9.71) Capitalization Rate 6.50%
CASH FLOW AFTER DEBT $198,045 $7.24 Leveraged Cash on Cash Return [1] 7.79%
Debt Service Coverage Ratio (NOI) 1.75x
Loan Constant 5.73%
PURCHASE PRICE AS OF AUG 1, 2021 $7,133,772 $260.75
Weighted Average Lease Term Remaining 3.61 Years
Loan Funding (4,636,952) (169.49)
Origination Fee 46,370 1.69 [1] Market Debt based on 65% Loan-to-Value, 4.00% Interest Rate, 30 Year
INITIAL EQUITY $2,543,190 $92.96 Amortization, and a 1.00% Loan Fee.
This page is part of a package and is subject to the disclaimer on the Executive Summary. 5/5/2021 3:18 PM
CBRE Financial Consulting Group 1
12 You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.Stone Glen Village
EXPIRATIONS
EXISTING LEASE EXPIRATIONS
Suite Tenant End 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Thereafter Available
110 Metroplex Piano Jan-23 5,326
102 i Fratelli Pizza Mar-23 1,404
105A Texture Techniques Oct-23 1,123
107A Texas Orthopedic Associates Feb-24 5,639
107B Texas Orthopedic Associates Feb-24 1,539
116 The Lost Cajun Aug-24 3,031
103 Smallcakes Cupcakery Mar-25 1,334
104 Edible Arrangements Dec-25 1,350
106 Sole Relax Foot Spa Jul-26 1,628
100 Baha Grill Jan-32 3,067
105B Available NA 1,918
Totals: 0 0 7,853 10,209 2,684 1,628 0 0 0 0 3,067 1,918
Percent: 0% 0% 29% 37% 10% 6% 0% 0% 0% 0% 11% 7%
Count: 0 0 3 3 2 1 0 0 0 0 1 1
Cumulative SF: 0 0 7,853 18,062 20,746 22,374 22,374 22,374 22,374 22,374 25,441 27,359
Cumulative %: 0% 0% 29% 66% 76% 82% 82% 82% 82% 82% 93% 100%
100.00%
Summary of Lease Expirations
90.00% Year Leases SF Percent Cumu. SF Cumu. %
80.00% 2021 0 0 0% 0 0%
70.00% 2022 0 0 0% 0 0%
60.00% 2023 3 7,853 29% 7,853 29%
50.00% 2024 3 10,209 37% 18,062 66%
40.00% 2025 2 2,684 10% 20,746 76%
30.00% 2026 1 1,628 6% 22,374 82%
20.00% 2027 0 0 0% 22,374 82%
10.00% 2028 0 0 0% 22,374 82%
0.00% 2029 0 0 0% 22,374 82%
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Thereafter
Available
2030 0 0 0% 22,374 82%
Thereafter 1 3,067 11% 25,441 93%
Annual Cumulative
Available 1 1,918 7% 27,359 100%
This page is part of a package and is subject to the disclaimer on the Executive Summary. 5/5/2021 3:18 PM
CBRE Financial Consulting Group 2
13 You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.Stone Glen Village
RENT ROLL
Rent Roll as of 8/1/2021
Square % of Lease Term Rental Rates Recovery
Suite Tenant Name Feet Property Begin End Begin Monthly Annually PSF Type
100 Baha Grill 3,067 11.21% May-2011 Jan-2032 Current $5,880 $70,560 $23.01 - NNN+MGT
Feb-2022 $6,131 $73,577 $23.99 4.28%
Feb-2023 $6,254 $75,049 $24.47 2.00%
Feb-2024 $6,379 $76,552 $24.96 2.00%
Feb-2025 $6,507 $78,086 $25.46 2.00%
Feb-2026 $6,638 $79,650 $25.97 2.00%
Feb-2027 $6,770 $81,245 $26.49 2.00%
Feb-2028 $6,906 $82,870 $27.02 2.00%
Feb-2029 $7,044 $84,527 $27.56 2.00%
Feb-2030 $7,184 $86,213 $28.11 2.00%
Feb-2031 $7,328 $87,931 $28.67 1.99%
Notes:
Percentage Rent: % Rent @ 4% of gross sales above a natural breakpoint.
102 i Fratelli Pizza 1,404 5.13% Dec-2012 Mar-2023 Current $2,279 $27,350 $19.48 - NNN+MGT
Apr-2022 $2,325 $27,897 $19.87 2.00%
Notes:
Renewal Option: One 5 year renewal option @ FMV, not less than the immediately preceding rent.
Expense Cap: 5% cap on prior year controllable CAM.
103 Smallcakes Cupcakery 1,334 4.88% Oct-2017 Mar-2025 Current $2,001 $24,012 $18.00 - NNN
Feb-2023 $2,335 $28,014 $21.00 16.67%
Notes:
Renewal Option: One 5 year renewal option @ $21.00 /sf/yr.
104 Edible Arrangements 1,350 4.93% Mar-2006 Dec-2025 Current $2,391 $28,688 $21.25 - NNN+MGT @ 4% of
Jan-2024 $2,503 $30,038 $22.25 4.71% BR+Reimb
General Notes: Tenant pays 4% of their gross rent as a contribution to the management fee.
Renewal Option: One 5 year renewal option @ FMV.
This page is part of a package and is subject to the disclaimer on the Executive Summary. 5/5/2021 3:18 PM
CBRE Financial Consulting Group 3
14 You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.Stone Glen Village
RENT ROLL
Rent Roll as of 8/1/2021
Square % of Lease Term Rental Rates Recovery
Suite Tenant Name Feet Property Begin End Begin Monthly Annually PSF Type
105A Texture Techniques 1,123 4.10% Nov-2020 Oct-2023 Current $1,591 $19,091 $17.00 - NNN+MGT @ 4% of
Nov-2021 $1,639 $19,664 $17.51 3.00% BR+Reimb
Nov-2022 $1,688 $20,259 $18.04 3.03%
General Notes: Tenant pays 4% of their gross rent as a contribution to the management fee.
Renewal Option: One 3 year renewal option @ $19.94 /sf/yr.
105B Available 1,918 7.01% Aug-2023 Jul-2028 Aug-2023 $2,993 $35,915 $18.73 - NNN+MGT
106 Sole Relax Foot Spa 1,628 5.95% May-2016 Jul-2026 Current $2,239 $26,862 $16.50 - NNN+MGT
Aug-2024 $2,374 $28,490 $17.50 6.06%
107A Texas Orthopedic Associates 5,639 20.61% Jan-2021 Feb-2024 Current $8,224 $98,682 $17.50 - NNN+MGT @ 4% of
Mar-2022 $8,429 $101,150 $17.94 2.50% BR+Reimb
Mar-2023 $8,640 $103,678 $18.39 2.50%
General Notes: Tenant pays 4% of their gross rent as a contribution to the management fee.
Renewal Option: One 2 year renewal option @ a 2.5% increase above the immediately preceding rent with 2% annual increases thereafter.
107B Texas Orthopedic Associates 1,539 5.63% Jan-2021 Feb-2024 Current $2,244 $26,933 $17.50 - NNN+MGT @ 4% of
Mar-2022 $2,300 $27,606 $17.94 2.50% BR+Reimb
Mar-2023 $2,358 $28,296 $18.39 2.50%
General Notes: Tenant pays 4% of their gross rent as a contribution to the management fee.
Renewal Option: One 2 year renewal option @ a 2.5% increase above the immediately preceding rent with 2% annual increases thereafter.
110 Metroplex Piano 5,326 19.47% Feb-2014 Jan-2023 Current $8,433 $101,194 $19.00 - NNN+MGT
Notes:
Renewal Option: One 5 year renewal option @ FMV.
This page is part of a package and is subject to the disclaimer on the Executive Summary. 5/5/2021 3:18 PM
CBRE Financial Consulting Group 4
15 You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.Stone Glen Village
RENT ROLL
Rent Roll as of 8/1/2021
Square % of Lease Term Rental Rates Recovery
Suite Tenant Name Feet Property Begin End Begin Monthly Annually PSF Type
116 The Lost Cajun 3,031 11.08% Aug-2018 Aug-2024 Current $4,557 $54,679 $18.04 - NNN+MGT @ 4% of
Feb-2022 $4,693 $56,316 $18.58 2.99% BR+Reimb
Feb-2023 $4,834 $58,013 $19.14 3.01%
General Notes: Tenant pays 4% of their gross rent as a contribution to the management fee.
Renewal Option: Two 5 year renewal options @ $21.05 /sf/yr and $23.16 /sf/yr.
Expense Cap: 7% cap on prior year CAM excluding INS and RET.
TOTALS / AVERAGES 27,359 $39,838 $478,051 $18.79
OCCUPIED SqFt 25,441 93.0%
VACANT SqFt 1,918 7.0%
TOTAL SqFt 27,359 100.0%
WEIGHTED-AVERAGE LEASE TERM REMAINING: 3.61 Years
WEIGHTED-AVERAGE LEASE TERM LAPSED: 5.18 Years
WEIGHTED-AVERAGE LEASE TERM FROM INCEPTION 8.79 Years
This page is part of a package and is subject to the disclaimer on the Executive Summary. 5/5/2021 3:18 PM
CBRE Financial Consulting Group 5
16 You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.TENANT OVERVIEW FUNKY BAJA’S CANTINA TYPE: Restaurant YEARS IN BUSINESS: 11 NO. OF LOCATIONS: 1 HEADQUARTERS: Keller, TX WEBSITE: funkybaja.com SQ FOOTAGE: 3,067 SF % OF CENTER: 11.21% GUARANTOR: Personal Funky Baja’s Cantina is one of the newer additions to the Baja series of concept restaurants. It offers the perfect combination of bar atmosphere with the fantastic Baja food customers have come to love and crave (and, as always, their famous margaritas) with a unique style all its own. Funky Baja’s Cantina is the perfect place to go to bring out customer’s inner luchadora happy hour or to sit down and feast on some of the most tender brisket tacos they’ve ever been fortunate enough to hold. 17
TENANT OVERVIEW IFRATELLI PIZZA TYPE: Restaurant YEARS IN BUSINESS: 33 NO. OF LOCATIONS: 22 HEADQUARTERS: Irving, TX WEBSITE: ifratellipizza.com SQ FOOTAGE: 1,404 SF % OF CENTER: 5.13% GUARANTOR: Franchisee i Fratelli Pizza is committed to providing exemplary service and a consistent, high-quality product. Customer’s can taste the difference with dough which is handcrafted daily, fresh salad dressings which are made in-store, and that great crust which is a result of baking at high temperatures in stone deck ovens. i Fratelli Pizza is a great choice for high- volume orders at school, church, work, and home. 18
TENANT OVERVIEW SMALLCAKES CUPCAKERY TYPE: Bakery YEARS IN BUSINESS: 13 NO. OF LOCATIONS: 200+ HEADQUARTERS: Overland Park, KS WEBSITE: smallcakescupcakery.com SQ FOOTAGE: 1,334 SF % OF CENTER: 4.88% GUARANTOR: Personal Smallcakes Cupcakery bakes and frosts 16 signature flavors every morning, fresh from scratch. Smallcakes also offers small batch homemade ice cream, and pupcakes for dogs! Their mission statement is how they have grown their little cupcake store. “To use creative flavors, quality ingredients, and friendly service to provide the finest cupcake experience worthy of returning and recommending.” 19
TENANT OVERVIEW EDIBLE ARRANGEMENTS TYPE: Retail YEARS IN BUSINESS: 35 NO. OF LOCATIONS: 1,200+ HEADQUARTERS: Atlanta, GA WEBSITE: ediblearrangements.com SQ FOOTAGE: 1,350 SF % OF CENTER: 4.93% GUARANTOR: Personal Edible Arrangements is a U.S.-based franchising business that specializes in fresh fruit arrangements, combining the concept of a fruit basket with designs inspired by flower arrangement. Edible Arrangements® offers a large variety of fresh fruit arrangements crafted with pineapple, strawberries, honeydew, grapes, cantaloupe, and many other fresh fruits. Edible Arrangements® also offers a variety of grab-and-go treats ranging from refreshing, healthy smoothies, chocolate dipped fruit treats, Edible® Donuts, and more. 20
TENANT OVERVIEW TEXTURE TECHNIQUES TYPE: Hair Salon YEARS IN BUSINESS: 1 NO. OF LOCATIONS: 1 HEADQUARTERS: Keller, TX WEBSITE: texturetechniquessalon.com SQ FOOTAGE: 1,123 SF % OF CENTER: 4.10% GUARANTOR: Personal Texture Techniques is a niche salon that caters to all hair types and textures, and additionally specializes in highly textured or “natural hair”. Texture Techniques offers a range of salon services including haircuts and styling, hair therapy and treatments, smoothing and straigtening, brads, locs, weaves, color, and chemical texturizing services. Texture Techniques also offers an in-salon course designed to be the training resource of choice for individuals committed to nurturing their textured hair and learning textured hair care practices. 21
TENANT OVERVIEW SOLE RELAX FOOT SPA TYPE: Spa YEARS IN BUSINESS: 5 NO. OF LOCATIONS: 1 HEADQUARTERS: Keller, TX WEBSITE: solerelax.club SQ FOOTAGE: 1,628 SF % OF CENTER: 5.95% GUARANTOR: Personal Sole Relax Foot Spa is a luxury massage therapy studio that offers relaxing foot massage and reflexology. Their mission is to let you relax completely while they heal and rejuvenate your body from the inside out. Sole Relax offers a variety of massages including swedish, deep tissue, foot, and chair massages. 22
TENANT OVERVIEW METROPLEX PIANO TYPE: Retail YEARS IN BUSINESS: 31 NO. OF LOCATIONS: 4 HEADQUARTERS: Keller, TX WEBSITE: metroplexpiano.com SQ FOOTAGE: 5,326 SF % OF CENTER: 19.47% GUARANTOR: Personal Metroplex Piano is committed to providing the Dallas/Ft. Worth Metroplex quality and dependability at affordable prices. Metroplex Piano also offers installation and converting new or used pianos into a player piano, all levels of repair and rebuilding of pianos, piano tuning, full time on staff professional piano movers. Metroplex Piano Warehouse Dallas is the one stop piano store. 23
TENANT OVERVIEW TEXAS ORTHOPEDIC TYPE: Medical Services YEARS IN BUSINESS: 30+ NO. OF LOCATIONS: 8 HEADQUARTERS: Dallas, TX WEBSITE: txorthopaedic.com SQ FOOTAGE: 7,178 SF % OF CENTER: 26.24% GUARANTOR: Personal Texas Orthopaedic Associates, is an all-inclusive practice where physicians treat patients of all ages as well as low- impact and high-impact athletes. Office locations house the latest in diagnostic equipment systems, including digital X-rays, ultrasounds, and MRIs. The expert orthopedists address all orthopaedic and sports medicine treatment needs. They can perform regenerative mesenchymal stem cell therapy, bracing and casting care, and soft tissue treatments all under one roof. With a team of top-rated orthopaedic surgeons available, patients can expect minimally invasive arthroscopic and advanced robotic surgical solutions whenever possible — often even for total joint replacement procedures. 24
TENANT OVERVIEW THE LOST CAJUN TYPE: Restaurant YEARS IN BUSINESS: 11 NO. OF LOCATIONS: 27 HEADQUARTERS: Covington, LA WEBSITE: thelostcajun.com SQ FOOTAGE: 3,031 SF % OF CENTER: 11.08% GUARANTOR: Franchisee The Lost Cajun is an authentic Cajun restaurant featuring southern style home cooking, such as fried catfish, shrimp, oysters, REAL Louisiana Gumbo, po-boys and our signature dessert, beignets. They are are a full service, family friendly restaurant. Their gumbos take 4 to 6 hours to cook, as well as their special dishes such as red beans and rice, crawfish etouffee and lobster bisque. There are no short cuts, and it’s got to be cooked slowly, with a lot of care! Their seafood is like none that you have ever tasted, and the beignets are just like the ones you get in New Orleans - maybe just a wee bit better! 25
DEMOGRAPHICS POPULATION (2020) 1 MILE 10,078 3 MILES 87,190 5 MILES 231,903 7 MILES 403,470 HOUSEHOLDS (2020) 1 MILE 4,066 3 MILES 28,499 5 MILES 76,948 7 MILES 139,495 AVG HH INCOME (2020) 1 MILE $118,093 3 MILES $145,195 5 MILES $136,224 7 MILES $128,727 ANNUAL POP. GROWTH RATE (1 MILE) 2010-2020 2.09% 2020-2025 1.81% TRAFFIC COUNTS (VPD) KELLER PARKWAY 35,070 26
WHY DALLAS-FORT WORTH?
The Dallas-Fort Worth region is an innovation hub with a wealth of
resources that make it an ideal business location. The DFW region’s
attractive quality of life, strong regional and state economy, low cost
of living, skilled labor force, pro-business mindset, and absence of
corporate and personal income taxes all contribute to the thriving
Dallas-Fort Worth location.
DFW HAS THE MOST DIVERSE ECONOMY IN TEXAS
ONE OF THREE HIGH-TECH JOBS IN TEXAS ARE
LOCATED IN DFW
DFW COST OF LIVING IS 21.2% BELOW THE LARGE
U.S. METRO AVERAGE
DFW’S JOB MARKET HAS BEEN ONE OF THE MOST
RESILIENT AMONG MAJOR U.S. METROS DURING THE
COVID-19 PANDEMIC WITH A LOCAL JOB LOSS RATE
OF 2.5%, OUTPERFORMING THE NATIONAL JOB LOSS
RATE OF 6.5% (% CHANGE NOV ’19 – NOV ’20)
90 MEMBER HOSPITALS IN THE DFW HOSPITAL
COUNCIL, 20,000+ HOSPITAL BEDS
14 MAJOR UNIVERSITIES, 400,000+ STUDENTS
ENROLLED
SOURCE: TEXAS WORKFORCE COMMISSION, BUREAU OF LABOR STATISTICS (JANUARY 2021), TEXAS A&M
REAL ESTATE CENTER (DECEMBER 2020), GREATER HOUSTON PARTNERSHIP LIVING COST COMPARISON
(Q3 2020), CBRE RESEARCH (JULY 2019), DALLAS REGIONAL CHAMBER (2020), 2020 SCORING TECH
TALENT, CBRE RESEARCH, DALLAS REGIONAL CHAMBER (2020), NATIONAL RESEARCH UNIVERSITY
FUND, COST OF LIVING INDEX, ESRI FAST REPORTS (2020)
27DISCLAIMERS
CBRE, Inc. operates within a global family of companies with many subsidiaries In this Memorandum, certain documents, including leases and other materials,
and/or related entities (each an “Affiliate”) engaging in a broad range of com- are described in summary form. These summaries do not purport to be complete
mercial real estate businesses including, but not limited to, brokerage services, nor necessarily accurate descriptions of the full agreements referenced. Inter-
property and facilities management, valuation, investment fund management ested parties are expected to review all such summaries and other documents
and development. At times different Affiliates may represent various clients with of whatever nature independently and not rely on the contents of this Memoran-
competing interests in the same transaction. For example, this Memorandum dum in any manner.
may be received by our Affiliates, including CBRE Investors, Inc. or Trammell
Crow Company. Those, or other, Affiliates may express an interest in the prop- Neither the Owner or CBRE, Inc, nor any of their respective directors, officers,
erty described in this Memorandum (the “Property”) may submit an offer to Affiliates or representatives make any representation or warranty, expressed or
purchase the Property and may be the successful bidder for the Property. You implied, as to the accuracy or completeness of this Memorandum or any of its
hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any contents, and no legal commitment or obligation shall arise by reason of your
involved Affiliate will have any obligation to disclose to you the involvement of receipt of this Memorandum or use of its contents; and you are to rely solely
any Affiliate in the sale or purchase of the Property. In all instances, however, on your investigations and inspections of the Property in evaluating a possible
CBRE, Inc. will act in the best interest of the client(s) it represents in the trans- purchase of the real property.
action described in this Memorandum and will not act in concert with or other-
wise conduct its business in a way that benefits any Affiliate to the detriment of The Owner expressly reserved the right, at its sole discretion, to reject any or all
any other offeror or prospective offeror, but rather will conduct its business in a expressions of interest or offers to purchase the Property, and/or to terminate
manner consistent with the law and any fiduciary duties owed to the client(s) it discussions with any entity at any time with or without notice which may arise as
represents in the transaction described in this Memorandum. a result of review of this Memorandum. The Owner shall have no legal commit-
ment or obligation to any entity reviewing this Memorandum or making an offer
This is a confidential Memorandum intended solely for your limited use and ben- to purchase the Property unless and until written agreement(s) for the purchase
efit in determining whether you desire to express further interest in the acquisi- of the Property have been fully executed, delivered and approved by the Owner
tion of the Property. and any conditions to the Owner’s obligations therein have been satisfied or
waived.
This Memorandum contains selected information pertaining to the Property and
does not purport to be a representation of the state of affairs of the Property or By receipt of this Memorandum, you agree that this Memorandum and its con-
the owner of the Property (the “Owner”), to be all-inclusive or to contain all or tents are of a confidential nature, that you will hold and treat it in the strictest
part of the information which prospective investors may require to evaluate a confidence and that you will not disclose this Memorandum or any of its con-
purchase of real property. All financial projections and information are provided tents to any other entity without the prior written authorization of the Owner or
for general reference purposes only and are based on assumptions relating to CBRE, Inc. You also agree that you will not use this Memorandum or any of its
the general economy, market conditions, competition and other factors beyond contents in any manner detrimental to the interest of the Owner or CBRE, Inc.
the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions
and other information provided and made herein are subject to material varia- If after reviewing this Memorandum, you have no further interest in purchasing
tion. All references to acreages, square footages, and other measurements are the Property, kindly return this Memorandum to CBRE, Inc.
approximations. Additional information and an opportunity to inspect the Prop-
erty will be made available to interested and qualified prospective purchasers.
28STONE G LE N VILL AG E
7 21 KE LLE R PA R K WAY | KE LLE R, T X 7624 8
EXCLUSIVE MATT BANAS MICHAEL AUSTRY JARED AUBREY
Associate First Vice President Senior Vice President
MARKETING +1 214 252 1069 +1 214 252 1115 +1 214 252 1031
ADVISORS matt.banas@cbre.com michael.austry@cbre.com jared.aubrey@cbre.comYou can also read
