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1004 Hwy 110 N, Whitehouse, TX 75791
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• High-Growth Suburb of Tyler, TX
• 20-year Base Term
• Increases in base term and Options
• Average Incomes of over $87K
• Investment Grade Tenant
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[ REPRESENTATIVE PHOTO ]
[ www.CapitalPacific.com ]
PROperty Summary
The subject Property is located just ten miles south of Tyler and
fronts highway 110 (A major north-south arterial leading to and
from downtown Tyler). The asset is a new 20-year corporate
build-to-suit. The lease has attractive 6% increases in the base
term and throughout the options. The property is located in the
prosperous and growing city of Whitehouse, TX where incomes in
a 5-mile radius exceed $87,000.
PRICE: $1,689,481
CAP: 5.40%
Rentable SF. . . . . . . . . . . . . . . 7,225 SF
Price per SF. . . . . . . . . . . . . . . $233.84
land area . . . . . . . . . . . . . . . . 1.11 AC
Current Rent. . . . . . . . . . . . . $12.63/SF
Listing Team
Contact Info
RICK SANNER
[email protected] | (415) 274-2709
CA BRE# 01792433
aaron susman
[email protected] | (415) 481-0377
CA BRE# 01961568
In conjunction with TX Licensed Broker:
Peter Ellis
[email protected] | (210) 325-7578
Capital Pacific collaborates. Click Here to
meet the rest of our San Francisco team.
year built . . . . . . . . . . . . . . . . 2015
[ REPRESENTATIVE PHOTO ]
O’Reilly Auto Parts | 2
core characteristics
Location highlights
The site is located along Hwy 110, which is a highly trafficked 4-lane highway
and the primary thoroughfare in Whitehouse. Hwy 110 connects Whitehouse
to Tyler, TX which is 10 miles away and an economic hub in Northeast, TX.
The site was specifically chosen by O’Reilly Auto Parts based on its
demographics, high-impact location, excellent visibility (building and
signage), and easy access from adjacent streets.
Over 36,000 people and average household incomes
of $87K within a 5-mile radius
Brand New 20-year Corporate Lease
Strong Retail Presence
• The lease features rental increases of 6% in year 11 and in each of the four
(4) 5-year option periods.
Corporate Credit Tenant (See page 8 for details)
• Tenant responsible for utilities, tax, interior nonstructural portions, HVAC
and parking lot repairs and maintenance. Landlord responsible for roof
and structure.
Immediate area retailers include CVS, McDonalds, Pizza Hut, Dairy Queen
and Sonic Drive–In.
With an S&P rating of BBB+ (higher than AutoZone & Advance Auto Parts),
O’Reilly Auto Parts (NASDAQ: ORLY) has the highest credit rating of all auto
retailers. 2015 gross revenue was $7.9 billion and net income was $931
million.
[ REPRESENTATIVE PHOTO ]
O’Reilly Auto Parts | 3
aerial
18,900 DAILY
State HWY 110
housing
(36,000 residents
within 5-miles)
W Main Street
Whitehouse Town Center
Whitehouse
Jr. High School
StantonSmith
Elementary
H&R BLOCK
RIBMASTERS
110
PRO ONE
AUTOMOTIVE
DONUT
PALACE
110 MINI
STORAGE
110
1ST CLASS
DANCEWEAR
SUPERIOR
PAWN AND
GUN
Mozelle
Brown
Elementary
DUSTY DOOR
DECOR
SAFGUARD
STORAGE
BONEHEAD
TACKLE
Higgins
Elementary
WHITEHOUSE FARM
AND RANCH
FM
E Main Street
Cain
Elementary
848
Holloway
Middle School
Whitehouse
High School
DALLAS
O’Reilly Auto Parts | 4
income & expense
PRICE
$1,689,481
Price Per Square Foot:
$233.84
Capitalization Rate:
5.40%
Total Rentable Area (SF):
7,225
Lot Size (AC):
STABILIZED INCOME
1.11
Per Square Foot
Scheduled Rent
$12.63
$91,232
Effective Gross Income
$12.63
$91,232
LESS
Per Square Foot
Taxes
NNN
$0.00
Insurance
NNN
$0.00
Total Operating Expenses1
NNN
$0.00
EQUALS NET OPERATING INCOME
$91,232
1. See Page 3 (Core Characteristics) for LL Responsibilities.
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as
to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
[ REPRESENTATIVE PHOTO ]
[ REPRESENTATIVE PHOTO ]
O’Reilly Auto Parts | 5
rent roll
TENANT INFO
Tenant Name
O’Reilly Auto Parts
Totals:
LEASE TERMS
Sq. Ft.
7,225
Term
RENT SUMMARY
Current
Rent
Monthly
Rent
Yearly
Rent
Monthly
Rent/FT
Yearly
Rent/FT
$91,232
$7,603
$91,232
$1.05
$12.63
05/26/15
05/25/25
05/26/25
05/25/30
$8,059
$96,706
$1.12
$13.38
05/26/30
01/31/35
$8,542
$102,508
$1.18
$14.19
Option 1
02/01/35
01/31/40
$9,055
$108,659
$1.25
$15.04
Option 2
02/01/40
01/31/45
$9,598
$115,178
$1.33
$15.94
Option 3
02/01/45
01/31/50
$10,174
$122,089
$1.41
$16.90
Option 4
02/01/50
01/31/55
$10,785
$129,414
$1.49
$17.91
$7,603
$91,232
$1.05
$12.63
7,225
$91,232
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
[ REPRESENTATIVE PHOTO ]
O’Reilly Auto Parts | 6
site plan
NOT
A PART
Site Plan Key
Parcel outline:
lOT SIZE:
rENTABLE SF: 1.11 ac
7,225 sf
Ingress/Egress:
NOT A PART
PYLON SIGN
18,900 DAILY
110 State Highway 110
This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties,
expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.
O’Reilly Auto Parts | 7
tenant overview
[ REPRESENTATIVE PHOTO ]
[ REPRESENTATIVE PHOTO ]
About O’reilly Auto Parts
NUMBER OF EMPLOYEES
74,296
GROSS REVENUE 2015
$7.97 BILLION
NUMBER OF LOCATIONS
4,571
O’Reilly Auto Parts is one of the largest specialty retailers of automotive
aftermarket parts, tools, supplies, equipment and accessories in the United
States, selling products to both do-it-yourselfers (“DIY”) and professional service
providers. The common stock has traded on The NASDAQ Global Select Market
under the symbol “ORLY” since April 22, 1993.
As of December 31, 2015, O’Reilly operated 4,571 stores in 44 states. During
2015, O’Reilly opened 205 new stores and plans to open approximately 210
more in 2016. Sales increased from $751 million to $7.97 billion in 2015.
www.oreillyauto.com
O’Reilly Auto Parts | 8
O’reilly Auto Parts location
demographics & regional map
About whitehouse
18,900 DAILY
Whitehouse is a city in Smith County, Texas and just 10 miles
south of Tyler, TX (population 96,900). The city had an estimated
population of 8,189 in 2010 and is expected to continue to grow
faster than the national average. The property fronts Highway
110, which is the major north south arterial used to travel from
Tyler to its southern suburbs. Whitehouse is part of the Tyler, Texas
Metropolitan Statistical Area, which has over 210,000 people
according to the 2010 census.
The city is served by the Whitehouse Independent School District,
which consists of seven schools located on six campuses. The
School District is a major draw for families with grade school aged
children and is well poised to handle Whitehouse’s continued
growth.
State HWY 110
regional map
Population
2010
2015
2021
1-Mile
3-Mile
5-Mile
1,534
1,624
1,697
12,835
13,441
13,954
34,509
36,880
38,626
tyler
2016 Household incomes
Average
Median
1-Mile
3-Mile
5-Mile
$65,443
$52,259
$82,522
$67,167
$87,356
$62,402
22 MIN
10 MILES
whitehouse
O’Reilly Auto Parts | 9
A unique HUMAN
RESULTS-DRIVEN
client experience
The capital pacific experience - our daily commitment to our clients
[ www.CapitalPacific.com ]
[ REPRESENTATIVE PHOTO ]
Capital Pacific collaborates. Click Here to
meet the rest of our San Francisco team.
rick Sanner
[email protected] | (415) 274-2709
CA BRE# 01792433
aaron Susman
[email protected] | (415) 481-0377
CA BRE# 01961568
In conjunction with TX Licensed Broker:
Peter Ellis
[email protected] | (210) 325-7578
chris kostanecki
zeb ripple
chris peters
john andreini
dave lucas
zandy smith
joe caccamo
gregg steele
jack navarra
karla zens
[ Copyright © 2016 Capital Pacific ]
10-10-11
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.
Information About Brokerage Services
B
efore 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.
intermediary. The written consent must state who will
pay the broker and, in conspicuous bold or underlined
print, set forth the broker’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:
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.
(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.
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
(1) shall treat all parties honestly;
(2) may not disclose that the owner will accept a
price less that 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
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 , 512-936-3000 (http://www.trec.texas.gov)
TREC No. OP-K