CHAMBER PLAZA SHOPPING CENTER 4203 AVENUE H (ALT 90)

ROSENBERG, TEXAS

FOR SALE 17,900 SF RETAIL CENTER

ACC Realty LLC Charlene Nickson Charlene@accrealty.com 713-961-4400

CHAMBER PLAZA SHOPPING CENTER

PROPERTY OVERVIEW: Located at 4203 Avenue H, this unique Retail Center is a great Value-Add Investment Opportunity. Offer Price: $1,595,000 Below Market Reproduction Cost $89 psf Occupancy: 93 % Address: 4203 Avenue H, TX 77471 Cap Rate: 6.76% Building Square Footage: 17,900 sf Land Area: 1.53 Acres Parking Surface: Concrete Year Built: 1984 Building Construction: Tilt Wall Roofing: Age Approx. 7 yrs. Traffic Counts: 20,446 VPD on Avenue H (ALT 90) Location: Strategically located on Avenue H in Rosenberg, Texas 35 miles southwest of Houston in one of the nation’s fastest growing counties – Fort Bend County. Since 2010 the population has increased 21% from 30,618 to 37,200.

16-Jul-19CHARLENE NICKSON, MANAGER SHOPPING CENTERACC REALTY LLC Chamber Plaza Shopping Center2807 EAST GROVE LANE 4203 Avenue H (ALT 90)HOUSTON, TEXAS 77027 Rosenberg, TX 77471

charlene@accrealty.com

Rental Schedule as of: July 2019

TOTAL AREA MONTHLY RENT GROSS RENT PER SQ. FTOCCUPIED SPACE 16,750 $12,229 $146,748 $8.76

VACANT SPACE 1,150 $1,150 $13,800 $1.00TOTAL SPACE 17,900 $13,379 $160,548 $8.97

PROJECT DESCRIPTION

PRICE $1,595,000 CAP RATE ACTUAL 6.76%

DATE BUILT 1984EQUITY $1,595,000 TAX RATE 2.284

TAX ASSESSED VALUE $856,430 PRICE PER SQ FT $89.11 PROJECTED TAXES 2019 $19,560

LAND AREA 1.53 ROOF Replaced 6-7 years ago HEAT Individual Controlled Electric

PARKING: Concrete, 79 spaces AIR CONDITIONING Separate SystemLIGHTING Recessed Flourescent

OCCUPANCY 93.58%

OPERATING PRO FORMA POTENTIAL APPROX ACTUAL

GROSS SCHEDULED RENTAL INCOME $213,905 $160,548Pro forma 5.00% ($10,695)Actual 6.42% ($13,800)

GROSS OPERATING INCOME $203,210 $146,748

TOTAL INCOME $203,210 $146,748LESS: Operating Expenses @ ($2.17) psf ($47,566) ($38,853)

Insurance $6,120 $6,120Water $4,100 $3,981Electricity $2,225 $2,160Trash $3,570 $3,466Landscaping $3,863 $3,750Property tax $19,560 $13,506Management 4% $8,128 $5,870

NET OPERATING INCOME $155,644 $107,895LESS: DEBT SERVICE

CASH FLOW $155,644 $107,895 All information contained herin was supplied from sources deemed reliable, but is not in any way warranted by the landlord, seller or broker ACC Realty LLCBuyer must make his own independent investigation and seek the advice of his accountant and attorney. Information provided is not intended to replace orserve as a substitue for any legal, accounting, investment, real estate, tax, or other professional advice, consultation or service.

713-961-4400

CHAMBER PLAZA

CHAMBERS PLAZA SHOPPING CENTER ROSENBERG, TEXAS

Description

The subject property is a retail shopping center containing approximately 17,900 square feet of tenant space. It is a vertically situated rectangular structure located on a L-shaped piece of land containing approximately 1.53 acres. The property is strategically located on Avenue H (Highway 90 A), Rosenberg’s heavily traveled artery with an automobile count of over 20,446 cars daily. Rosenberg and its twin city Richmond are located in Fort Bend County just Southwest of Houston. Fort Bend County, according to the Wall Street Journal is one of the fastest growing white collar community in America.

The single story building was constructed in 1984 and is in good condition. It is currently at 93.5% occupancy and has maintained high occupancy consistently for many years. The driveways and parking areas are concrete and contain 79 parking spaces. Signage and lighting are adequate for the area and the air conditioning units are roof-mounted. The walkway in front of the store fronts is covered allowing for rain-free pedestrian protection between tenant spaces.

This property offers opportunity for an investor to buy a well leased, well located shopping center at substantially below replacement cost. It provides a strong stable cap rate with upside in potential rent increases in a high growth suburban Houston area, which boosts a dynamic and robust economy.

Unit Tenant Name Square

Feet Lease Date

Commencemt Date

Expiration Date

Monthly Base Rent

Security Deposit

Annualized Base Rent

Rent per Sq Ft Monthly

Rent per Sq Ft Yearly

000009 Jacobo Romero (Iglesia Cristo te Llama Rosenberg) 1,200 6/26/2019 6/26/2019 12/31/2023 1,195.00$ 1,195.00$ 14,340.00$ 1.00 11.95000016 Jacobo Romero (Iglesia Cristo te Llama Rosenberg) 3,600 1/10/2019 1/10/2019 12/31/2023 2,800.00$ 2,800.00$ 33,600.00$ 0.78 9.33000004 D&C African Braiding & Weave Experts 1,000 8/1/2018 8/1/2018 7/31/2021 995.00$ 995.00$ 11,940.00$ 1.00 11.94000007 VACANT 1,150 -$ -$ -$ 0.00 0.00000017 Christian Bible Fellowship 2,600 6/1/2018 10/20/2014 5/31/2020 1,095.00$ 995.00$ 13,140.00$ 0.42 5.05000002 Da An Zhang 2,350 3/22/2010 4/1/2010 3/31/2020 2,395.00$ 1,995.00$ 28,740.00$ 1.02 12.23000011 Fort Bend Club, Inc. 2,630 2/1/2014 8/1/1993 6/30/2020 1,400.00$ 1,200.00$ 16,800.00$ 0.53 6.39000006 Hair By Christine 900 10/11/2018 12/1/2007 10/31/2019 1,054.00$ 950.00$ 12,648.00$ 1.17 14.05000010 Houstex Communications 2,470 1/1/2019 11/1/2016 12/31/2019 1,295.00$ 1,295.00$ 15,540.00$ 0.52 6.29

Total 17,900 12,229.00$ 11,425.00$ 146,748.00$ 0.68 8.20

Rosenberg Chambers Plaza, L.P.Commercial Rent Roll

7/15/2019

Copyright © and (P) 1988–2012 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/Certain mapping and direction data © 2012 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2012 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2012 by Applied Geographic Solutions. All rights reserved. Portions © Copyright 2012 by Woodall Publications Corp. All rights reserved.

Rosenberg, Texas, United States

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Copyright © and (P) 1988–2012 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/Certain mapping and direction data © 2012 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2012 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2012 by Applied Geographic Solutions. All rights reserved. Portions © Copyright 2012 by Woodall Publications Corp. All rights reserved.

Texas, United States, North America

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