701 North Broadway at Texas Highway 21 , Caldwell, TX 77836(Burleson County)

(4) Top 3 categories of unmet local consumer demand average $7,100,000 at a 3-mile radius and $5,100,000 at a 1-mile radius.

(5) Top 5 categories of unmet local consumer demand average $5,300,000 at a 3-mile radius and $3,900,000 at a 1-mile radius.

(6) Top 10 categories of unmet local consumer demand average $3,300,000 at a 3-mile radius and $2,400,000 at a 1-mile radius.

(7) Estimated unmet GAFO (merchandise typically sold in department stores) local demand is $2,212 per person at a 1-mile radius and $3,425 in Burleson County compared to overall excess capacity of $517 in the College Station Bryan CBSA!

(8) 29 miles from Texas A&M, 49 miles from Bastrop, 68 miles from Austin and 69 miles from Round Rock.

(9) 60 miles from both Interstate 35 (at Temple) and Interstate 45 (Madisonville)

(10) 67 miles from Sealy, 85 miles from Waco, 92 miles from northwest Houston and 93 miles from San Marcos.

(11) Outstanding Burleson County tied for #1 in economic growth % with Brazos County and a top performer in many other demographic and econometric key indicators compared to all Contiguous counties.

CONTACT INFORMATION

Call 979.421.9996 or email us to set up an appointment, request information or ask questions.

7.87% PROFORMA RENTAL CAP RATE

(12) $8,611 projected first year cash flow generated from net operating income of $43,305 based on:

(13) Transaction summary: $274,984 sale price. $274,984 capital improvements post closing.

(14) Monthly rentals: $0.30 per SF. Market rates range from $0.50 to $1.00+ SF. 25% vacancy/credit loss.

(15) First mortgage: $439,974 financed. 80% conforming loan (plus 1% point and 1% other closing costs) at 7% amortized over 30 years with $ annual debt service, resetting/ballooning in 5 years. Annual debt service $35,126.

(16) Second mortgage: $17,498 financed. 100% conforming loan at 9% (first mortgage _ 200 basis points) amortized over 30 years with $ annual debt service, resetting/ballooning in 5 years. Annual debt service $3,392.

(17) $8,552 real estate taxes.

(18) $5,000 property insurance.

(19) $5,619 management commissions (6% of gross operating income).

(20) $3,600 in maintenance ($300 per month).

(21) $1,200 in water and sewer ($100 per month).

(22) $600 in garbage ($50 per month).

(23) $1,200 in electric ($100 per month).

(24) $3,600 in yard maintenance ($300 per month).

(25) $1,000 in accounting and legal.

(26) $250 in licensing and permits.

(27) $1,000 in contracted services ($250 per quarter).

(28) $18,732 in capital reserve (20% of gross operating income).

FINANCING

(29) Up to 100% financing is available. Financing can include land, new construction, improvements, renovations and capital equipment.

(30) Considerations: A decision on 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.

(31) Terms: The interest on the subordinated mortgage is two percent or 200 basis points above your first mortgage. For example, the first mortgage is at 6.25%. The subordinated mortgage will be at 8.25%. If the first mortgage adjusts, the subordinated mortgage adjusts at the same time. All late penalties, interest and fees defined in the first mortgage are applicable to the second mortgage.

(32) Amortization Schedule: Payments based on a 30-year amortization schedule.

(33) Balloon: The final balloon payment is due in five-years. If the first mortgage is refinanced or paid off, any subordinated owner financing becomes immediately due.

BUYER BROKER COMMISSION

If sold at list price, the buyer broker commission is 4%. If not, it is 3%.

LINKS

Dedicated website and consumer listing link are identified in graphic "web links & team email".

PROPERTY

The property encompasses a 43,646 SF structure built in 1984 as a 52 bed nursing home. The property spans a 90,000 SF full city block with paved fronted on all four sides including Texas State Highway 21 and Broadway Street. It is complemented by about 8,873 SF of paved parking that should meet most parking requirements.

It is in the city limits with all city utilities in place.

The building is divided into five distinct wings complemented by expansive and efficient common areas. The industrial kitchen can easily support institutional as well as public food service applications. Alternative uses of existing structure with new improvements include a motel, efficiency apartments, affordable housing, group home, day care or shelter.

Assuming $2 per SF land valuation, the improvements are priced at under $2.75 SF!

LOCATION

Directly on Texas Highway 21 ("Austin-College Station Highway") with average daily traffic count estimated at 15,450 and growing by 4% per year, the property benefits from extraordinary proximity:

(34) 1.1 mile west of Texas Highway 21 and Texas Highway 36 interchange

(35) 29 miles from College Station and Texas A&M,

(36) Great Austin area proximity: 49 miles from Bastrop, 68 miles from Austin and 69 miles from Round Rock.

(37) 60 miles from both Interstate 35 (at Temple) and Interstate 45 (Madisonville).

(38) 67 miles from Sealy, 85 miles from Waco, 92 miles from northwest Houston and 93 miles from San Marcos.

Across Burleson and the 5 contiguous Counties including Brazos County, Burleson is a top performer in several key demographic and econometric growth indicators including:

(39) #1 in annual % growth in: households with at least $100K in income and households with at least $150K in income.

(40) Tied for # 1 in % growth in: total economy, consumer spending and average household income.

GRAPHIC ANALYSIS SETS

Following graphic analysis is available on our website and on this listing:

(41) Site plan

(42) Proforma details

(43) Business opportunities - targeted unmet local demand and projected growth in spending.

(44) Greater market analysis - key demographic and econometric indicators at 1, 2 & 3-mile radius, city of Caldwell, Burleson County and College Station-Bryan CBSA.

(45) City workplace & employment - Caldwell employment and workplace.

(46) County workplace & employment - Burleson County employment and workplace.

(47) CBSA workplace & employment - College Station- Bryan (Brazos, Robertson and Burleson Counties) CBSA

(48) Contiguous County analysis - key demographic and econometric indicators.

(49) Maps, drive times & distances - Google maps and detailed drive times and distances.

HEALTHCARE AND MEDICAL ANALYSIS

Although this property is not being marketed at a medical facility as it no longer is licensed and operating, our Medical Division completed preliminary market research adn performed initial analysis. If you have an interest in this research and analysis, send us an email.

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DISCLOSURES & COPYRIGHTS

CBC is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions- stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited..