16869 Texas Highway 36 South , Somerville, TX 77879(Burleson County)

(1) Main building with 1,248 SF, porches adding an additional 768 SF plus two additional buildings with approximately 370 additional SF.

(2) Less than 1 mile from Lake Somerville on Texas Highway 36 in the Somerville city limits.

(3) 100% financing available.

(4) 5% BUYER AGENT COMMISSION OR 2% CASH BACK TO BUYER AT CLOSE.

(5) 12.45% reduction from the prior list price of $70,000.

(6) April 2008 traffic volume estimated at 11,026 projected to exceed 15,000 in 2013.

(7) 20 miles from regional shopping in Brenham and 35 miles from College Station with all the conveniences of a major University community.

(8) 75 minutes from Houston and about 100 miles from Austin.

(9) Close to many weekend, tourist and regional destinations.

(10) 11 local retail opportunities with annual potential revenues of at least $350,000 based on unmet local demand at 3-miles.

(11) Top 5 local retail opportunities average $1.0 million at 1-mile, $1.9 million at 2-miles and $2.3 million at 3-miles.

(12) Ten categories of local consumer spending with at least $50,000 annual spending growth from 2008 to 2012.

(13) Burleson County economy is a very high performer compared to adjacent Counties including Brazos County (home of Texas A&M).

(14) Burleson County annual percent of population growth exceeds all but one contiguous County and the .01% difference between Burleson and the #1 County may not be statistically significant.

Call 979.421.9996 to contact any member of the Coldwell Banker Commercial Southwest Investment Property Team: Diane Alexander, Tootie Lyons, George Alexander or Chris DeAlmeida.

You can also contact the team by email at the address indicated in the attached "Web links and team email" graphic.

5% BUYER AGENT COMMISSION OR 2% CASH BACK AT CLOSE

The Broker of a Buyer’s Agent is eligible for a 5% Broker commission upon closing of the Lake Somerville Business Center sale.

If the buyer is represented by a member of the Coldwell Banker Commercial Southwest Investment Property Division listing team, the Buyer will receive 2% cash back at close.

FINANCING

Up to 100% financing is available.

Financing can include land, new construction, improvements, renovations and capital equipment.

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.

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.

Amortization Schedule:

Payments based on a 30-year amortization schedule.

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.

ADDITIONAL INTERNET LINKS

The following links are in the attached "Web links and team email" graphic

(1) Dedicated website

(2) Link to listing website with all graphics and pictures utilized in PDF or JPG files for easy downloading

(3) Link to all demographic and econometric reports utilized in this listing

PROPERTY

The Somerville Business Center was previously a restaurant. The restaurant equipment has been removed to allow you to easily reconfigure and finish the building to your specifications.

With a main building, two outbuildings, a covered porch and screened porch, it offers a significant amount of SF and extraordinary flexibility to simultaneously accommodate one or more businesses (depending on their space and other requirements).

Main Building:

The Main Building is a frame structure with a metal roof built in 1985. It offers a generous 1,248 SF of AC space allocated between three primary areas.

The Main Building has an attractive covered front porch spanning the entire building front with approximately 144 SF.

An enclosed patio/porch is attached to the southern side of the Main Building with an estimated 576 SF.

A full bath used by the owner was added in the late 1990’s.

A covered and screened back porch/utility area with approximately 48 SF completes the Main Building.

Virginia’s Office:

In 2004, the owners built a 15’ by 14’, free standing office/efficiency apartment. It provided an office and quiet space for the owner as a respite from the business.

Metal Storage Building:

An estimated 10’ by 16’ storage building is included in the sale. It appears to be in very good condition.

Miscellaneous Equipment and Supplies:

There is a limited amount of miscellaneous equipment and building supplies on the property. All equipment and supplies on the property the day of close conveys with the property.

As Is:

The Somerville Business Center is offered “as is”. The disclosure indicates no major known defects. You will need to address a variety of cosmetic issues.

LOCATION

Less than 1 mile from Lake Somerville on Texas Highway 36 in the Somerville city limits.

About 20 miles from regional shopping in Brenham at US 290 and TX 36 South including Wal-Mart, Lowe’s, Home Depot, medical center, and many other shopping and dining venues.

About 35 miles from College Station with all the conveniences of a major University community.

75 minutes from Houston and about 100 miles from Austin.

Close to many weekend, tourist and regional destinations

(1) 17 minutes from Brenham (US Highway 290 West to Austin and Texas Highway 36 North interchange)

(2) 18 minutes from historic Independence

(3) 20 minutes from Caldwell (Burleson County seat)

(4) 20 minutes from historic Burton

(5) 31 minutes from Chappell Hill

(6) 33 minutes from Round Top

(7) 35 minutes from Texas A&M

(8) 43 minutes from Hempstead

TRAFFIC VOLUME AND PROJECTIONS

Alexander Tiffany, LLC ("AT") performed analysis to estimate 2008 and future average daily two-way traffic volume.

Data for 1997 and 2002 was available under license by Google Earth Pro from Geographic Data Technology, Inc. Data for 2005 was available under license from the Texas Department of Transportation.

AT utilized these three data points (1997, 2002 and 2005) as a base line in an AT proprietary trending model to project future traffic.

AT estimates April 2008 average daily two-way traffic volume at 11,026 and projects it will exceed 15,000 in 2013.

TOP UNMET LOCAL RETAIL BUSINESS OPPORTUNITIES

AT performed micro retail gap analysis to identify the best unmet local retail opportunities at 1-mile, 2-mile and 3-mile radiuses.

Opportunities with at least $350,000 Annual Revenues at a 3-Mile Radius:

(1) $4.7 million auto dealer

(2) $1.9 million general merchandise

(3) $1.7 million building materials and supplies

(4) $1.5 million department store (excluding any departments leased to third parties)

(5) $1.5 million pharmacy

(6) $825k clothing

(7) $775K full service restaurant

(8) $500K limited service eating/dining

(9) $450K auto parts, accessories and tires

(10) $400K sporting goods, hobbies, etc.

(11) $395K furniture

(12) $360K consumer electronics

Opportunities with at least $250,000 Annual Revenues at a 2-Mile Radius:

(1) $4.0 million auto dealer

(2) $1.7 million general merchandise

(3) $1.3 million building materials and supplies

(4) $1.3 million department store (excluding any departments leased to third parties)

(5) $1.2 million pharmacy

(6) $725k clothing

(7) $650K full service restaurant

(8) $400K auto parts, accessories and tires

(9) $373K limited service eating/dining

(10) $350K sporting goods, hobbies, etc.

(11) $325K furniture

(12) $300K consumer electronics

(13) $250K lawn, garden & home supplies

Average Top 3 Opportunities:

(1) $1.2 million at 1-mile

(2) $2.3 million at 2-miles

(3) $2.8 million at 3-miles

Average Top 5 Opportunities:

(1) $1.0 million at 1-mile

(2) $1.9 million at 2-miles

(3) $2.3 million at 3-miles

Note all above retail opportunities are based on demand by local residents ONLY.

LOCAL CONSUMER SPENDING

AT performed micro consumer spending analysis to evaluate local consumer spending (within a 3-mile radius) and to define specific areas representing the greatest business opportunities based on growth in consumer spending from 2008 through 2012.

2008 total estimated local consumer spending projected at $35.9 million. 12 categories account for 56% of total local consumer spending and all 12 categories account for at least $1 million in annual spending.

Annual Dollar Growth of at Least $50,000 at 3-Miles:

(1) $237K prescriptions

(2) $159K food out

(3) $114K food in

(4) $104K used vehicles

(5) $89K apparel

(6) $78K consumer electronics

(7) $76K new vehicles

(8) $60K lunch out

(9) $60K auto maintenance/repair

(10) $55K medical services excluding physicians, prescriptions, surgery and hospitalization

The above top 10 average $103,580 in annual growth from 2008 through 2012.

Annual Percentage Growth Ranking (Minimum of 7%) at 3-Miles:

#1 prescriptions

#2 snacks & non-alcoholic beverages

#3 towing services

#4 healthcare

#5 breakfast & brunch

#6 gasoline

#7 furniture

#8 tuition and school supplies

#9 consumer electronics

#10 used vehicles

#11 lunch

Total Consumer Spending of at least $1 million per Year:

(1) $2.8 million apparel

(2) $2.4 million prescriptions

(3) $2.1 million new vehicles

(4) $1.8 million on gas

(5) $1.6 million on used vehicles

(6) $1.3 million medical

(7) $1.3 million on auto maintenance/repair

(8) $1.3 million consumer electronics

(9) $1 million on meats

(10) $1 million on lunch

(11) $1 million on dinner

(12) $1 million on personal expenses and services

All other categories of consumer spending total $16 million.

Note all above consumer spending is by local residents ONLY.

COMPARATIVE MARKET DEMOGRAPHIC AND ECONOMETRIC KEY INDICATORS

AT performed comparative market demographic and econometric analysis to evaluate the greater Burleson County area compared to all adjoining Counties.

Urban vs. Rural Adjacent Counties:

Within this analysis, Brazos County is considered an “urban” County with a population exceeding 160,000.

In total, Burleson County and the remaining 4 adjoining Counties have a total population of 127,000.

Washington, Milam, Lee, and Robertson (as well as Burleson) are considered “rural” in this analysis.

Summary:

Burleson County economy is one of the area’s top performers.

The economy is projected to experience significant growth in the percentage of families with very high annual incomes (at least $150,000).

The projected population growth trend through 2012 exceeds all but one contiguous County.

Highlights:

The following summarizes these findings:

(1) # 1 in annual percent growth in households with at least $150,000 in income of Burleson projected at 25.95% is higher than all other contiguous Counties

(2) # 2 in annual percent population growth of Burleson projected at 1.15% is higher than Brazos and second only to Lee County at 1.22%

(3) # 2 in annual percent economic growth of Burleson projected at 5.70% is higher than Brazos and second only to Lee County at 5.71%

(4) # 2 in annual percent average household income growth of Burleson projected at 2.47% is higher than Brazos and second only to Robertson County at 2.88%

(5) # 2 in annual percent growth in households with at least $100,000 in income of Burleson projected at 7.01% is higher than Brazos and second only to Robertson County at 8.68%

BURLESON COUNTY ECONOMY

The Burleson County economy is very robust with an estimated $425+ million total economy in 2008 growing at 5.7% per year.

Regarding adjacent Counties, Burleson County’s growth rate is second only to Lee County at 5.71%. Note that from a statistical basis, the .01% difference may not be material.

TAXES

Estimated 2008 taxes of $1,184.13 are based on 2007 taxes of $1,096.42 and increased by 8%. Consult your tax advisor regarding your expected taxes.

EMAIL TO YOU WHEN WE LIST NEW PROPERTIES THAT MEET YOUR SPECIFICATIONS

We offer immediate email contact when we list properties in categories you have expressed an interest.

Please send an email to the listing team at the address indicated in the attached "Web links and team email" graphic with your specifications.

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.