Double X Development, Inc.

1
Double X Development, Inc.

• Officers
• Shayla Hager
• Mark Verrett
• Heather Knipstein
• Panagiotis Dallis
• Shane McKown

2
Purpose of the Project

• As an agent to the property owner
• Perform feasibility study.
• Develop retail building, parking, entries, and
  landscaping.
• Provide lease-up services, but not lease
  maintenance.
• Feasibility based upon owners desired 5 year
  holding period.

3
Supremo Shopping Center

• 20,000 Square Foot,
• Multi-tenant Retail Strip
• Why will this center succeed?
• Combining an unsurpassed location with superior
  tenants and superior aesthetic appeal, to
  capitalize on the immediate areas growth.

4
Target Tenants

• Locally recognized, reputable businesses
• Ice Cream Parlors
• Delis
• Specialty / Niche Retail
• Flower Shops
• Gift Shops
• Hobby Shops
• Jewelry Stores
• Personal Services
• Tanning Salons
• Hair / Nail Salons

5
The Site

• Total 5.96 Acres
• Developable 4.73 Acreage
• Vacant
• Wooded
• 3 foot side walk running parallel to University
  Dr.
• One existing curb cut on Southwest corner of lot.

6
Brazos County Appraisal District Map
7
Metes Bounds
8
Project Legality

• Owners Deed of Trust and Security Agreement
• NO zoning ordinances prohibiting our development
  type.

9
Restrictions

• Flood Plain encompasses 1.15 Acres of the site.
• Current development does not interfere with flood
  plain.
• Expansion will require
• 1) Drainage system plan
• 2) Corps of Engineers 404 Permit
• 3) City of College Station Planning Engineer
  approval

10
Public Issues Zoning

• District C-B Business Commercial
• Zoning Development Restrictions

11
Zoning Parking Landscaping Requirements

• Article 7 of City of College Station General
  Development Standards
• Retail Sales Service Requirements
• 1.0 spaces per 250 building square feet

• Sect. 11.2 of City of College Station Zoning
  Ordinance
• 30 landscaping points / 1,000 square feet 600
  points
• Canopy tree 75 300 points
• Non-canopy 40 points
• Shrubs 10 points / plant

12
Environmental Restrictions Requirements

• Deed of Trust
• Ensures beneficiary indemnification from any type
  of environmental related liabilities caused by
  grantor.
• Beneficiary is guaranteeing to the grantor that
  there are NO existing environmental problems.
• Future Development Expansion
• Corps of Engineers 404 Permit
• City of College Station Planning Engineer
  Approval

13
Utilities, Drainage Waste Disposal
14
Ingress / Egress

• Curb Cuts
• 2 entries cuts on proposed through street.
• 1 entry from University Dr on Southwest end of
  lot.

15
Ingress / Egress

• Proposed through road and traffic light.

16
Market Feasibility

• Demographic analysis
• Market Area
• Primary Data
• Market Size
• Market Share
• Final estimate of sales and revenue

17
Population
18
Income
19
Employment and Unemployment
Employment
Unemployment
20
Housing
MSA Single-family Building Permits (in units)
Average Sales Price of Single-family Home
21
Primary Data

• University, E. of Texas Ave 25,670

22
Retail Sales
National Retail Federation 2003 Consumer
Spending Forecast ORIGINAL 5.6 REVISED
3.8 revision result of geopolitical
uncertainty
23
Demand
24
Demand Synopsis

• Accessibility
• Residents NEW CONDOS
• Businesses
• Surrounding Communities via Highway 6
• Higher vacancies, lower rents in older centers
• Movement of tenants from old center to new
• Hobby Lobby
• Loupots
• Wings N More
• Pro Nails
• Champion Firearms

25
Sources

• City of College Station
• TAMU Real Estate Center
• Clarke Wyndham Investments
• Coldwell Banker Commercial
• Realtyrates.com
• National Retail Federation
• Bureau of Labor and Statistics

26
Market Share

• College Station Retail 1,600,000
• Bryan Retail 700,000
• Our Property 20,000
• Total 2,320,000
• Market Share

27
Capturing Market Share

• LOCATION

LOCATION
LOCATION
28
Best Case ScenarioOperating Statement
29
Best Case ScenarioValue
30
Best Case ScenarioInvestment Return
31
Expected Case ScenarioOperating Statement
32
Expected Case ScenarioValue
33
Expected Case ScenarioInvestment Return
34
Worst Case ScenarioOperating Statement
35
Worst Case ScenarioValue
36
Worst Case ScenarioInvestment Return