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Single TenantNET LEASED INVESTMENTBuilding and Property Summary 34,790 square feet Occupied by K&M Building Systems 16 foot clear height Heavy electric 6 grade loading doors 2.153 acres 39 parking spaces Built in 20032502 Lawing Lane, Rowlett, TX 75088 Price : 1,850,000 Cap rate: 8% (1st Year) 6 Years NNN lease 147,940 Net operating income (1st year)Future George Bush Tollwayto GarlandAzad Akm Annual 2% increases Property Type : industrialThe City of Rowlett has 54,100 residents with a median household income of 78,967 and is located in the northeast section of Dallas County on the shoresof Lake Ray Hubbard, with Garland to the west, Rockwall to the east, Sachse tothe north and Garland and Mesquite to the south. Access to Rowlett is easyfrom Interstate 30, LBJ Freeway, or Future George Bush Turnpike (easternextension) slated to begin construction in 2008. Major thoroughfares in Rowlettinclude Highway 66 (Lakeview Parkway) 6-lane divided, Rowlett Road, MillerRoad, and Dalrock Road. Major retailers include Walmart Super Center, HomeDepot, Super Target, Tom Thumb, Albertsons and LA Fitness.azad@judgefite.com805-218-93491140 Empire Central, Suite 520, Dallas, Texas 75247www.C21JFcommercial.com
Azad Akmazad@judgefite.com805-218-93491140 Empire Central, Suite 520, Dallas, Texas 75247www.C21JFcommercial.com
EXECUTIVE SUMMARY2502 Lawing LaneRowlett, TX 75088Highpoint Industrial ParkList Price 1,850,000Net Income 147,900 (1 year)CapBuilding S.F.Rentable S.F.Parking SpacesLand Acres8.00% (1 year)34,79034,790392.153 acresststProperty SummaryMarketYear BuiltLegal DescriptionNo. of BuildingsNumber of TenantsStreet FrontageConstructionNortheast Dallas2003Lot 5 Block B11Lawing LaneConcrete SlabTax Parcel NumberSub MarketZoningNo. of StoriesRoofCross StreetExterior440017700B0050000RowlettPD-Light Industrial Uses1MetalRowlett RoadConcrete Tilt-WallProperty DescriptionNET LEASED INVESTMENT !! Owner will lease back for 6 yrs with option for another 3-5yrs. Rent to start at 4.25NNN with 2% bumps every year.Single Tenant property located in Rowlett.34,790 Square foot Office/Warehouse built in 2003.Area DescriptionThe City of Rowlett has 54,100 residents with a median household income of 78,967 and is located in thenortheast section of Dallas County on the shores of Lake Ray Hubbard, with Garland to the west, Rockwall to theeast, Sachse to the north and Garland and Mesquite to the south. Access to Rowlett is easy from Interstate 30,LBJ Freeway, or Future George Bush Turnpike (eastern extension) slated to begin construction in 2008. Majorthoroughfares in Rowlett include Highway 66 (Lakeview Parkway) 6-lane divided, Rowlett Road, Miller Road, andDalrock Road. Major retailers include Walmart Super Center, Home Depot, Super Target, Tom Thumb, Albertsonsand LA Fitness.Azad Akmazad@judgefite.com805-218-93491140 Empire Central, Suite 520, Dallas, Texas 75247www.C21JFcommercial.com
PROPERTY SUMMARYSingle Tenant:K&M BUILDING SYSTEMSProperty Address:2502 Lawing LaneRowlett, Dallas County, Texas 75088Mapsco:Dallas 30.CProperty Description:Property Directions:34,790 SF Office/WarehouseApproximately 3,500 SF office area.From Hwy 66 & Rowlett Road go south on Rowlett Road to Century Drive andturn right. When Century Drive dead-ends, turn right and go around to the backof the park. The building will be on your right.Legal Description:Lot 5 Block B, Highpoint Industrial ParkLand Size:2 .153 acresYear Built:2003Real Estate Taxes:2007: 41,719.412007 DCAD Assessed Value 1,628,960Tax I.D. 440017700B0050000Parking:39 Car ParksZoning:PD for M-1 Light Industrial UsesUtilities:Water & Sewer: City of RowlettElectric: TXU ElectricGas: Atmos EnergyTelephone: VerizonGarbage Collection: IESIAccess:Rowlett Road off Century DriveSite Improvements: Built in 2003, this 34,790 SF building is of constructed of tilt-wall concrete panels, concrete slabfoundation and metal roof. The building has approximately 3,500/SF of air-conditioned office area, is 100% sprinklered, has3-phase heavy power, 6 grade level overhead doors, concrete parking and driveways, and is professionally landscaped.Azad Akmazad@judgefite.com805-218-93491140 Empire Central, Suite 520, Dallas, Texas 75247www.C21JFcommercial.com
TENANT OVERVIEWProperty Address:2502 Lawing LaneRowlett, Dallas County, Texas 75088Property Type:Single TenantRentable Area:Tenant Trade Name: K & M Building SystemsOwnership:PrivateLease Guarantor:Personal GuaranteeLease Commencement Date:TBDLease Expiration Date:TBDLease Type:Triple Net (NNN)Base Rent: 12,325.00 ( 4.25 NNN)Net Operating Income: 147,900.00Estimate of Initial Monthly Expenses:Taxes 3,476.58, Insurance 583.33, CAM Lease Term:5 yearsIncreases:2% annual increasesOptions to Renew:negotiable on 3-5 yearsNo. of Locations:3Headquarters:Rowlett, TexasTenant Description:K & M Building Systems provides Custom Commercial andResidential Countertops and Commercial Cabinetry.Web Site:www.kandmAzad Akmazad@judgefite.com805-218-93491140 Empire Central, Suite 520, Dallas, Texas 75247www.C21JFcommercial.com
Broker Confidentiality AgreementThe undersigned has been advised that Akm Azad (the Agent of Century 21 Commercial) has been retained on an exclusive basis by“The OWNER” for the sale of 2502 LAWING LANE (the “PROPERTY”) located in Rowlett, Texas. The Owner has indicated that allinquires and communication with respect to the prospective sale of the Property shall be directed to the Agent.The Agent has available for review certain information (“Confidential Information”) concerning the Property. On behalf of the Owner,Agent may make such Confidential Information available to the undersigned upon execution of this Confidentiality Agreement. TheConfidential Information is intended solely for the use by the undersigned in considering whether to pursue negotiations to acquire theProperty. This is neither an agreement to sell the Property, nor an offer of sale. No agreement binding upon the Owner of the Property,or any of its associated or affiliated companies, shall be deemed to exist, at law or equity, until the Owner of the Property enters into aformal binding agreement of sale.The Confidential Information contains brief, selected information pertaining to the business and affairs of the Owner, and has beenprepared by the Agent, primarily from information supplied by the Owner or the Owner’s agent. It does not purport to be all-inclusive orto contain all the information that a prospective purchaser may desire. Neither the Broker, nor the Owner make any representation orwarranty, expressed or implied, as to the accuracy or completeness of the Confidential Information, and no legal liability is to beassumer or implied with respect thereto.By executing this Confidentiality Statement the undersigned agrees that the Information provided is confidential, that it will be held andtreated it in the strictest of confidence, and that the undersigned will not disclose or permit anyone else to disclose the Information toany person, firm or entity without prior written authorization of the Owner and Agent, except that the information may be disclosed to theundersigned’s partners, employees, legal counsel and lenders or pursuant to a court order. If it is determined that acquisitionnegotiations will not be pursued, the undersigned hereby agrees to return the Confidential Information to the Agent. The Ownerexpressly reserves the right in its sole discretion to reject any or all proposals or expressions of interest in the Property and to terminatediscussions with any party at any time with or without notice.If in agreement with the foregoing, please execute and return this agreement via fax to Akm Azad at 1-888-307-2212PROCURING AGENTREGISTERED POTENTIAL PURCHASER:ACCEPTED AND AGREED TOThis day of , 2008ACCEPTED AND AGREED TOThis day of , any:Company:Address:Address:Phone Number:Phone Number:Fax Number :Fax Number:Email AddressEmail AddressAzad Akmazad@judgefite.com805-218-93491140 Empire Central, Suite 520, Dallas, Texas 75247www.C21JFcommercial.com
Dalrock Road. Major retailers include Walmart Super Center, Home Depot, Super Target, Tom Thumb, Albertsons and LA Fitness. . foundation and metal roof. The building has approximately 3,500/SF of air-conditioned office ar ea, is 100% sprinklered, has 3-phase heavy power, 6 grade level overhead doors, concrete parking and driveways, and is .
