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 $379,371. 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 $379,371 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...
(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.
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.
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.
DISCLOSURE OF RELATIONSHIP BETWEEN AT AND CBC BRENHAM
AT is an owner of the company that owns CBC Brenham. AT provides ownership transaction services, private equity, management, financing and consulting to affiliates and clients.
ANALYSIS REFERENCES, USE COPYRIGHTS AND LIMITATIONS
All references to "Analysis" in this listing refer to analysis performed by AT on behalf of CBC Brenham. Analysis is preliminary and based on proprietary systems and models. Analysis is time sensitive and based on assumptions stated.
AT recommends you perform your own analysis of areas of interest or concern to you regarding your acquisition of the Wilson Supply Store. AT recommends you consult your professional advisors for assistance.
U.S. and international copyright laws protect analysis, graphics, images, narrative and other listing content. Analysis is for the specific and limited use of prospective purchasers or their legal representatives in evaluating the acquisition of the Wilson Supply Store. Any other use, copying, modifying, reference to or reproduction is strictly prohibited without the express written consent of AT.
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