Tenant Area Retailers · “Dave’s Ultimate Automotive is a family owned and operated auto...

Tenant

DAVE’S ULTIMATE AUTOMOTIVE

• Dave’s Ultimate Automotive is a long-established Austin company, that was founded in 1997 and has a track record of expansion and strong revenue growth.

• New 15-year NNN lease, with annual 1.5% base rent increases to begin at closing.• The lease will be guaranteed by a long-established and financially strong entity.• Includes long-term, corporately leased billboard, with 15% base rent increases

every 5 years. Billboard company has right of first refusal to purchase the property.• Hands-off investment with Landlord only being responsible for building

structure and roof replacement.• Retail, restaurants and services are extremely strong on Whitestone Blvd/FM

1431 and Lakeline Blvd with HEB, Sprouts, Randalls and Walmart Supercenter all nearby. In addition a future HEB is expected on the southwest corner of this intersection.

• Excellent demographics with more than 145,000 residents, with an avg household income of over $102,000 and an annual projected population growth rate of 3.13% all within 5 miles of the intersection.

• Building renovated in 2015 that cost approximately $250,000.

Price: $2,730,000Cap Rate: 6.25%Term: 15 Years

1.5% Annual Base Rent Increases

Alan Rust, CCIM - [email protected]

Dave Burggraaf - [email protected]

The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited Liability Company.

SALE-LEASEBACK: SINGLE TENANT NNN DAVE’S ULTIMATE AUTOMOTIVE1403 W Whitestone Blvd | Cedar Park, Texas 78613 (AUSTIN METRO)

15 year NNN lease with annual base rent increases (investment includes long term corporate billboard lease)

For More Information:www.retailsolutions.us

• 6 locations in Austin metro• Excellent track record of

growth & increased revenue

Area Retailers


Confidential Memorandum and DisclaimerPlease note that the use of this Offering Memorandum and the Information (“Information”) provided is subject to the terms, provisions and limitations of the confidentiality agreement which we have provided to you (“Buyer”) and requested an executed copy.

Brokerage Relationships: By taking possession of and reviewing the information contained herein, Buyer acknowledges that the Listing Team of Retail Solutions (“Brokers”) are acting as Seller’s Agent in the disposition assignment for the property. Buyer acknowledges receipt of the form entitled Information About Brokerage Services.

Non-disclosure of Information: By taking possession of and reviewing the Information contained herein, Buyer agrees not to disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or the Property owner (“Owner”) to any other person or entity except as permitted herein. Buyer shall take all appropriate precautions to limit the dissemination of the Information only to those persons within the firm who need to know the Information. The phrase “within the firm” shall be deemed to include outside attorneys, accountants and investors.

Disclaimer and Waiver: By taking possession of and reviewing the Information contained herein, Buyer understands and acknowledges that neither Brokers nor Owner make any representations or warranty, expressed or implied, as to the accuracy or completeness of any Information provided. Neither the Broker or the Owner shall have any liability whatsoever for the accuracy or completeness of the Information contained herein or any other written or oral communication or Information transmitted or made available or any action taken or decision made by the Buyer with respect to the Property. Buyer understands and acknowledges that they should make their own investigations, projections and conclusions without reliance upon the Information contained herein. Buyer assumes full and complete responsibility for confirmation and verification of all information received and expressly waives all rights of recourse against Owner, Brokers and Retail Solutions.




Photos










Investment Summary Investment Highlights

Property InformationProperty Address

Location

CountyProperty ID

Ownership EntityGross Leasable Area

SignageLot Size

Year BuiltRenovation

Occupancy

TenantOpened

Lease TypeLease Commencement

1403 W Whitestone Blvd/FM 1431 Cedar Park, Texas 78613NEQ of Whitestone Blvd (FM 1431) & S. Lakeline Blvd.WilliamsonR031811AM01, LLC6,600 SFPylon Sign22,521 SF (0.517 Acre)1986New stone and stucco facade 2014 approximate cost: $250kSingle-tenant occupies 100% of building + long-term billboard leaseDave’s Ultimate AutomotiveJanuary 2016: Opened for business at this siteNNNUpon close of escrow

PriceCapitalization Rate

Terms

$2,730,0006.25%Cash to Seller

• Dave’s Ultimate Automotive is a long-established Austin company, that was founded in 1997 and has a track record of expansion and strong revenue growth.

• New 15-year NNN lease, with annual 1.5% base rent increases to begin at closing.

• The lease will be guaranteed by a long-established and financially strong entity.

• Includes long-term, corporately leased billboard, with 15% base rent increases every 5 years. Billboard company has right of first refusal to purchase the property.

• Hands-off investment with Landlord only being responsible for building structure and roof replacement.

• Retail, restaurants and services are extremely strong on Whitestone Blvd/FM 1431 and Lakeline Blvd with HEB, Sprouts, Randalls and Walmart Supercenter all nearby. In addition a future HEB is expected on the southwest corner of this intersection.

• Excellent demographics with more than 145,000 residents, with an avg household income of over $102,000 and an annual projected population growth rate of 3.13% all within 5 miles of the intersection.

• Building renovated in 2015 that cost approximately $250,000.




Investment Overview



DEMOGRAPHIC SNAPSHOT1 mile 3 miles 5 miles

2017 Population 9,869 73,316 145,754

2022 Population 11,075 83,332 170,045

2017 - 2022 Annual Population Growth Rate 2.33% 2.59% 3.13%

2017 Average Household Income $95,672 $102,614 $102,014

2017 Daytime Population 7,370 54,891 116,890

AnnualBase Rent $162,000NNN Reimbursements $18,000Billboard Income $8,711Total Gross Income $188,711Property Taxes $14,759Insurance $1,500Other Operating Expenses $1,741NOI (Net Operating Income $170,711

taxesNNN Tax + Insurance Monthly: $1,500 2017NNN Tax + Insurance Annual $18,000 2016GLA (Gross Leasable Area in Sq. Ft.): 6,600 2015

Note: Property tax & insurance 2017 actual





Tenant Information

From the company’s website:

“Dave’s Ultimate Automotive is a family owned and operated auto service center serving North Austin, Central Austin, Pflugerville, Cedar Park, Round Rock, University of Texas and surrounding areas since 1997. We have earned our place in the NAPA Auto Care program so even though we are an independent company, our work is warrantied nationwide. Our staff of continually trained service advisers and technicians is genuinely passionate about solving your auto repair issues and providing service and maintenance that exceeds all expectations. This has helped us win the Angie’s List Super service award and earn 100% on AAA customer satisfaction surveys. Both have been achieved for multiple years.

Our ASE (Automotive Service Excellence) Certified Technicians are skilled on all levels, from basic automotive maintenance such as an oil service, tire service, fluid services and state inspections to the most complex car diagnostic and repair issues like brake repair, suspension, drivability issues, emissions, electrical and transmission repair. We have even won the prestigious NAPA / ASE Tech of the year award. Twice!”

Website: www.davesultimateautomotive.comNumber of Locations: 6

Founded: 1997

Providing oil changes, tire services, factory schedule maintenance, diagnostics, repairs,& much more:

General Maintenance• Factory Scheduled Maintenance• Oil Changes• Tune Ups• Filter Replacements• Safety & Emissions Inspections• Windshield Wiper Blades• Fluid Services• Trip Inspections• Maintenance Inspections• Check Engine Light Diagnostics

Tire Services• Tire Rotation• Tire Mounting• Tire Balancing• Flat Tire Repair• Tire Replacement• Wheel Alignment• Wheel Repair & Replacement

Transmission Services• Transmission Service & Repair• New & Rebuilt Transmissions• Driveline Maintenance & Repair• Axle Replacement• Differential Service & Repair• Clutch Repair & Replacement

Engine Services• Engine Repair• Engine Replacement• Engine Performance Check• Belt & Hose Replacement• Driveability Diagnostics & Repair• Fuel Injection Service & Repair• Fuel System Maintenance &

Repair• Ignition System Maintenance &

Repair

More Repair Services• Computer Diagnostics• Air Conditioning Service & Repair• Electrical System Diagnosis & Repair• Brake Repair• Suspension & Steering Repair• Shocks & Struts

• Cooling System Service & Repair• Exhaust Systems & Mufflers• Pre-Purchase Inspections• Brake & Lamp Inspections• Fleet Services• Hybrid Services• Chassis & Suspension• Power Steering Repair• Body & Trim Repairs (Mirrors, Door

Handles, Locks)• Power Accessory Repair






www.davesultimateautomotive.com


Lease Information: Dave’s Ultimate Automotive

Tenant: Dave’s Ultimate Auto - AM01, LLC

This Location: This location was purchased Q4 2015. The first full year of operation was 2016. - 30.5% revenue growth 2017 over 2016 - 21.9% revenue growth Q1 2018 over Q1 2017

Lease Term: 15 Years

Base Rent (Year 1): $162,000 ($24.55 PSF)

Base Rent Increases: 1.5% Per Year

Lease Renewal Options: Two 5-year renewal options. Each renewal option will include 1.5% annual base rent increases

Term Commencement: Lease term will commence upon Closing of the sale

Third Party Guaranty: The entity which owns the other 5 Dave’s Ultimate Automotive locations will guaranty the lease.

Lease Type: NNN

Landlord Responsibilities: Landlord responsible for building structure and roof replacement

Tenant Responsibilities: - Property tax and base rent paid monthly to landlord - Arrange for and directly pay for all repairs and maintenance to the interior and exterior of the building and property







Photos




Regional Map







Area Map







Location Map









L O C A T I O N

Welcome to Cedar Park, Texas !Cedar Park is the third largest city in the Austin metropolitan area, known for its outstanding schools, pro-business climate and relaxed family environment. Named one of Family Circle’s Top 10 Places to Raise a Family, Cedar Park offers all the benefits of life in the beautiful Texas Hill Country, with desirable neighborhoods, an entrepreneurial business environment, and an effective, conservatively managed city government. Our commitment to growth and a high quality of l ife make Cedar Park the right choice for you, your family, and your business!

Cedar Park is part of the Austin-Round

Rock MSA (population 2 million*), the 4th

largest region in the state of Texas. Cedar

Park is located in western Williamson

County (population estimate 508.514*),

one of the top 10 fastest-growing counties

in the nation.

Cedar Park is located in the Texas Hill

Country with an elevation of 906 ft. The

climate is classified as humid subtropical,

with hot summers and

mild, typically dry winters.

Freezing temperatures occur

only about 25 days per year. While

summer days are hot, summer nights

are usually pleasant. There are 111 days each year

with temperatures above 90 °F, usually from June until

September. Austin receives 31.35 in. of rain per year, with

most of the precipitation in the spring.

MAJOR CITIES DIS TANCE IN MILES

Austin

Laredo

HoustonSan Antonio

Dallas—Fort Worth

CEDARPARK

Austin (Downtown) 17

San Antonio 90

Houston 175

Dallas-Fort Worth 190

Laredo 250

*Source: Austin Chamber of Commerce Sour

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Cedar Park Regional Medical Center: 600CoreSlab Structures: 340ETS Lindgren: 300National Oilwell Varco: 270BMC Millworks: 140Revenue Cycle: 120BMC WEST Building Materials: 100Texas Quarries: 100Fallbrook Technologies: 85Firefly Aerospace: 85Dana: 40

M A J O R E M P L O Y E R S A N D H I G H G R O W T H C O M P A N I E S I N C E D A R P A R K

M A J O R P R I V AT E E M P L O Y E R S I N A U S T I N M E T R O A R E A

E M P L O Y E R S

In Cedar Park, business is a key part of the community. Cedar Park is home to some of the most

advanced manufacturing companies in Central Texas such as NOV (National Oilwell Varco), ETS-Lindgren,

McCoy Global, Flame Technologies and Visual Lighting Technology. In addition, Cedar Park has a growing

number of innovative high tech firms that have moved to the City such as Fallbrook Technologies,

Corvalent, Dana Corporation’s Cedar Park Technology Center, Voltabox, Firefly Aerospace and Seranova.

These companies enjoy Cedar Park’s pro-business climate, highly skilled workforce, low cost of doing

business and easy access to Austin.

Employing 6,000 & overApple Dell IBM Corp.Samsung Austin Semiconductor Seton Healthcare Family St. David’s Healthcare Partner.

Employing 2,000 - 5,999Accenture Amazon Applied MaterialsAT&T Flex Keller Williams RealtyNational Instruments Whole Foods Market

Employing 1,000 - 1,999Advanced Micro Devices Austin Regional Clinic Baylor Scott & White HealthcareCharles Schwab Clinical Pathology Laboratories General MotorsGoodwill Industries of Cen. Texas Hewlett-Packard Enterprise HomeAwayIntel Corp. Oracle PfizerPharmaceutical Prod. Dvlpmnt. Progressive Insuarance SpectrumState Farm Insurance Co. Wells Fargo Bank Texas YMCA of AustinSo

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C O M M U N I T Y

The $55 million H-E-B Center at Cedar park opened in September 2009 with a sold out George Strait con-

cert. The multi-purpose event owned by the City of Cedar Park is located at the corner of New Hope Road

and 183A Toll Road. The Center has 6,800 fixed suites, 24 luxury suites and two party suites that have ac-

commodated everything from professional sports events to family entertainment and high school gradua-

tions. The Texas Stars, the AHL affiliate of the Dallas Stars as well as the Austin Spurs, NBA Development

League team of the San Antonio Spurs both play all of their home games at the Center. Since opening the

Center has hosted numerous family events from Disney on Ice to circuses and rodeos in addition to many

concerts and other touring acts.

H - E - B C E N T E R A T C E D A R P A R K www.hebcenter.com

S H O P P I N G

Shopping and dining opportunities abound in Cedar Park. With over 1.5 million square feet of retail and

restaurants Cedar Park offers a wide variety of options to choose from. 1890 Ranch located on Whitestone

Boulevard (RM 131) is a 900,000 square foot lifestyle center anchored by Super Target, a 12 screen Cin-

eMark, Academy Sports and more. Across the 183A Toll Road is the Town Center a 350,000 sf retail center

anchored by Costco and At Home. Just to the north is The Parke a 400,000 sf retail center anchored by

Whole Food 365 Store, Nordstrom Rack, Dick’s Sporting Goods, Field & Stream, DSW Shoes and Old Navy.

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Austin, Texas

SALE-LEASEBACK: SINGLE TENANT NNN DAVE’S ULTIMATE AUTOMOTIVE1403 W Whitestone Blvd, Cedar Park, TX 78613 (AUSTIN METRO)

15 year NNN lease with annual base rent increases (6 Austin Locations)

The information contained herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties or representations to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.


FOR SALE: 100% NNN Leased 2-Tenant Investment Elgin, Texas (Austin Metro)

NWC U.S. 290 & County Line Road18810 U.S. 290 Elgin, Texas 78621


Austin’s economy is the nation’s fastest growing among large cities (population over 300,000). (WalletHub, 10/2/17)

Austin is the best non-gateway city (i.e., excluding LA, NY, etc.) in the U.S. for commer-cial real estate investment. (DLA Piper, 9/26/17)

Texas is the Most Favorable Business Climate for the 7th consecutive year according to survey of U.S. c-suit executives. (Development Counsellors International, 9/18/17)

Austin’s Travis County is in the top 10 of the 2017 Talent Attraction Scorecard’s ranking of large counties growing their skilled talent base. (EMSI, 9/6/17)

Austin ranks 3rd among large metros Creating the Most High Wage Jobs based on measures of the growth and vitality of the professional & business services sector. (New Geography/Forbes, 6/30/17)

Austin is one of the 10 Most Educated Cities in America based on ranking of the 150 largest U.S. metropolitan areas. (WalletHub, 7/25/17)

Austin is No. 6 on Best Big Cities to Live In ranking. (WalletHub, 7/24/17)

Austin is the Best Place to Live in the USA in U.S. News 2017 ranking. (U.S. News & World Report, 2/7/17)

Texas is the No. 4 State for Business, up from 6th place in 2015. (Forbes, 11/16/2016)

Austin ranked No. 1 Best Place to Start a Business (CNBC, August 2016)

Travelers love Austin—Austin ranks 2nd in destination experience satisfaction study. (J.D. Power, 10/19/16)

Austin, with population projected to nearly double, will be the Fastest Growing Large Metro through 2040. (American City Business Journals, 10/11/16)

Austin, Texas







Austin, Texas








DEMOGRAPHICS

Austin has experienced steady population and economic growth over the past two decades. The total population of the Austin-Round Rock-San Marcos Core Based Statistical Area (CBSA) is currently estimated at 2,029,901 with 958,242 of that within the city of Austin, itself. Growth within the Austin-Round Rock-San Marcos CBSA has been strong over the past decade, with a net gain of 780,101 residents since 2000 (+62.42%), and an additional 295,093 residents are anticipated through 2020 (+14.54%).

ECONOMY

The Austin-Round Rock CBSA is becoming known as an attractive alternative to high-priced areas like California’s Silicon Valley, and has attracted the attention of many large hi-tech companies that continue to contribute to Austin’s tremendous growth. Some examples include the future Apple campus expansion and other hi-tech

companies including Dell, HP, IBM, Cisco Systems, Xerox, Oracle, Intel, Google, and 3M.

Austin directly benefits from the fact that the State of Texas has no personal or corporate income tax. Overall, the state has one of the lowest state and local tax burdens in the nation, ranking 47th in taxes paid per $1,000 of personal income.

The information herein was obtained from sources deemed reliable; however, Retail Solutions makes no guaranties, warranties, or representations to thecompleteness or accuracy thereof. The presentation of this real estate information is subject to errors, omissions, change of price, prior sale or lease, orwithdrawal without notice. Retail Solutions, which provides real estate brokerage services, is a division of Reliance Retail, LLC, a Texas Limited liability company.

AUSTIN, TEXAS Austin, Texas







Austin, Texas








2017 MAJOR RELOCATIONS & EXPANSIONSCompany Type of Operation Jobs Created Location Type of Action

Ericsson Application-specific IC design center Austin New

1,000 Austin Expanded

Social media solutions (Hdq.) Austin

Austin New

Merck & Co. Austin New

Homeway Online vacation home rentals (Hdq.) Austin Expanded

AUSTIN, TEXAS

Facebook

Main Street Hub

Siemens BuildingTechnologies

120

Social networking service's online operationscenter (sales/marketing)

400 Expanded

Energy management products digital servicecenter

130

Pharmaceutical company's IT innovation center

600

2,000








Demographics



Market Profile1403 W Whitestone Blvd, Cedar Park, Texas, 78613 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 30.51536

Longitude: -97.84828

1 mile 3 miles 5 milesPopulation Summary

2000 Total Population 7,408 34,737 58,5372010 Total Population 8,825 63,606 113,5142017 Total Population 9,869 73,316 145,754

2017 Group Quarters 4 144 1782022 Total Population 11,075 83,332 170,045

2017-2022 Annual Rate 2.33% 2.59% 3.13%2017 Total Daytime Population 7,370 54,891 116,890

Workers 2,409 18,114 44,021Residents 4,961 36,777 72,869

Household Summary2000 Households 2,395 11,503 19,797

2000 Average Household Size 3.05 3.00 2.942010 Households 3,141 22,080 40,082



2022 Average Household Size 2.81 2.89 2.802017-2022 Annual Rate 2.32% 2.60% 3.17%

2010 Families 2,355 16,903 30,1242010 Average Family Size 3.27 3.29 3.27

2017 Families 2,602 19,227 38,2622017 Average Family Size 3.29 3.32 3.27

2022 Families 2,902 21,739 44,4372022 Average Family Size 3.30 3.33 3.282017-2022 Annual Rate 2.21% 2.49% 3.04%

Housing Unit Summary2000 Housing Units 2,475 11,884 20,482

Owner Occupied Housing Units 89.7% 84.6% 81.7%Renter Occupied Housing Units 7.0% 12.2% 15.0%Vacant Housing Units 3.3% 3.2% 3.3%

2010 Housing Units 3,287 23,072 42,308Owner Occupied Housing Units 75.8% 72.4% 70.0%Renter Occupied Housing Units 19.8% 23.3% 24.8%Vacant Housing Units 4.4% 4.3% 5.3%



Median Household Income2017 $83,047 $82,952 $82,0562022 $90,027 $90,936 $89,420

Median Home Value2017 $188,655 $213,961 $217,6192022 $204,883 $240,991 $241,953

Per Capita Income2017 $34,072 $35,724 $36,4972022 $37,957 $40,435 $41,244

Median Age2010 36.5 33.7 33.72017 37.6 34.7 34.92022 38.2 34.8 34.9

Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households. Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by all persons aged 15 years and over divided by the total population.Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022 Esri converted Census 2000 data into 2010 geography.

April 20, 2018

©2018 Esri Page 1 of 7

Listing Team



Alan Rust, CCIM | Principal

Dave Burggraaf | Principal

[email protected]

[email protected]

Alan Rust, CCIM, Principal of Investment Sales, specializes in the sale and leasing of retail real estate. Mr. Rust has lead the charge for Retail Solutions with its investment sales program having assembled a long and diverse track record of success selling retail real estate across the state of Texas.Mr. Rust has been a commercial broker since 2003 and earned the coveted Certified Commercial Investment Member (CCIM) designation in 2007. On multiple occasions Mr. Rust has earned recognition as a “Heavy Hitter” in retail property sales and leasing from the Austin Business Journal and he has been named a “Power Broker” as a top broker by the Costar group.Prior to moving to Austin in 2007, Mr. Rust was a commercial broker in Colorado where he earned recognition as a “Heavy Hitter” in commercial investment sales from the Denver Business Journal. In addition, Mr. Rust founded and served as president of Snowshoe Ridge Properties, LLC, a successful real estate holding and development firm. Mr. Rust is active in the industry as a long standing member of the International Council of Shopping Centers (ICSC), the Central Texas Commercial Association of Realtors (CTCAR) and the Real Estate Council of Austin (RECA). Mr. Rust attended Binghamton University in Binghamton, New York where he earned a bachelor’s degree in Mathematics/Computer Science and a minor in Business Administration.

Dave began his real estate career as a commercial associate broker in 2003 with Coldwell Banker Commercial in Waco, Texas. While in Waco, he co-founded Brazos Real Estate Ventures, LLC, a residential real estate private investment fund that, at its peak, owned and managed over 25 units. In October 2006, he joined Surecap Village Partners, a retail merchant developer in Austin. As Surecap’s Acquisition Manager, he was in charge of site selection, market planning, retail tenant relationships, deal structure, contract negotiations, financial analysis, and public financing initiatives in Austin, San Antonio and all surrounding areas. He returned to the real estate brokerage world by joining Carduner Commercial, of San Antonio in March 2008. While there, he worked on several landlord and developer-owned projects, performing leasing and sales functions, while also providing real estate site selection services on behalf of several national tenants. In September 2009, Dave joined Reliance Commercial Realty in Austin and became a Principal in 2012. He brings more than fourteen years of real estate brokerage and development experience to his role as Principal, and is very knowledgeable of the retail real estate market throughout the entire state of Texas.Dave’s primary focus is on new project leasing and buyer/tenant representation in trade areas around the state, including the Austin, San Antonio, and Houston MSAs, along with Waco, Lubbock, Amarillo, San Angelo, Bryan/College Station, Corpus Christi and Beaumont. He has represented many national, regional and local tenants, including Denny’s, Lightbridge Academy, Dog Haus, Popeyes Louisiana Kitchen, Wendy’s, Retro Fitness, Summer Moon Coffee, The Bear Mountain, and The Joint…the Chiropractic Place. He also represents prominent landlords such as Washington Prime, Encore, LNR Partners, LLC., and Boos Development. (A complete list of active and previous clients can be provided upon request.)Dave received a Bachelor of Arts in Business Administration Degree in 1999 from Baylor University in Waco. After three years in the professional world, Burggraaf was awarded a full scholarship to return to Baylor University to earn his Master of Business Administration in Finance and Entrepreneurship in 2002. Professionally, Dave is a member of the International Council of Shopping Centers (ICSC), Central Texas Commercial Association of Realtors (CTCAR), and Certified Commercial Investment Member (CCIM).

CONTACT US

FOR MORE INFORMATION, PLEASE VISIT:www.retailsolutions.us

DAVE BURGGRAAFPrincipal

ALAN RUST, CCIMPrincipal - Investment Sales

Office 512.474.5557Direct 512.699.0550

[email protected]

Office 512.474.5557Direct 512.373.2814

[email protected]

AUSTIN7320 N Mopac ExpresswaySuite 101Austin, Texas 78731

DALLAS13601 Preston RoadSuite E1070Dallas, Texas 75240

HOUSTON9432 Katy FreewaySuite 300Houston, Texas 77055

SAN ANTONIO8000 IH-10 WestSuite 910San Antonio, Texas 78230

MCALLEN200 S 10th StreetSuite 805McAllen, Texas 78501

MIDLAND4607 Pine Meadow DriveSuite 2Midland, Texas 79705

LOUISIANA600 Jefferson StreetSuite 407Lafayette, Louisiana 70501

EL PASO4798 DoniphanSuite AEl Paso, Texas 79922

ALBUQUERQUE2155 Louisiana Blvd N.E.Suite 7200Albuquerque, NM 87110





11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone


Licensed Supervisor of Sales Agent/Associate


Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Reliance Retail LLC OR Texas RS LLC dba "Retail Solutions " 603091 OR 9003193 [email protected] 512-474-5557

David J. Simmonds OR David Russell Burggraaf

Designated Broker of Firm

459263 OR 518156 [email protected] 512-474-5557

David J. Simmonds OR David Russell Burggraaf 459263 OR 518156 [email protected] 512-474-5557



Date post:	30-Sep-2020
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Tenant Area Retailers · “Dave’s Ultimate Automotive is a family owned and operated auto...

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