CANDELA RETAIL DEVELOPMENT
Richmond, TX
For accredited investors only.
70/30%
50/50%
(to 17% IRR)
(LP/GP Split)
CANDELA RETAIL DEVELOPMENT Overview
$4.53M
PURCHASE PRICE
Houston
(2nd Largest Population Growth) MSA
61,444 SQFT
Total SQFT
Southwest Houston by Westpark Tollway/1093
Location
$75,000
MIN. INVESTMENT
$16.5M
Development Cost
Why We Like This Project
-
LOCATION & ENTITLEMENT RISK:
Houston is the 4th most populous city in the US with strong population growth.
Project is very close to being permitted removing entitlement risk. -
SOLID UPSIDE:
Conservative Exit Cap Rate Assumption of 6.5%.
P&L sensitivity with only 2% annual rent increases and a NNN of $13/SF -
PRICE COMPARISON:
Competitive all-in purchase and build price basis of $353/SF.
Similar vintage and location are selling on average at $492/SF.
Projected Investor Return
50%
Limited Partner Split
50%
General Partner Split
6.5%
Purchase Cap Rate
6.5%
Exit Cap Rate
1.6x
Total Return
over 3 Years
7.00%
Hurdle / Pref Return
$34.16
Avg. Rent Sqft (Yr)
1.6 X
Equity Multiple
Why Invest in Candela Retail Development
Strong, shorter term investment in a growing market with a reputable team that has successfully closed several similar projects.
Demographics and Top Job Growth
Houston Top-5 *MSA
Recent Projects - $1.8B of Funding
23,000 jobs creation in the Houston MSA
Average income Houston MSA $97,900. In the project’s immediate area, the average income is $167,106
Unique Opportunity
Johnson Development is creating a 461-acre development with different asset classes: Single Family Residences, Multifamily, Retail, and Commercial, etc.
This is the 15th collaboration between the Seller/Developer and Massive Capital & Realty1
Attractive Location
and Growth Area
Richmond’s population has been growing steadily at a rate of 3.36% year over year.
The entire Candela development is creating 1,600+ new households within a 2 mile radius
Tenant attraction
We are providing 1,000 ft of road frontage to our retail tenants
We will be the only retail building within a 1.5 mile radius
Competitive Rental Prices
Houston MSA convenience with suburb luxuries
30 mile down from downtown Houston via Westpark Tollway
Johnson Development homes are notorious for keeping their values
The Candela development is located in the high ranking Lamar Consolidated *ISD
invest with US
NEXT STEPS
This opportunity is available to accredited investors only.
Schedule a Call With Us For Reviewing this Investment Opportunity
Review The Opportunities and send us a mail to dennis@mcqproperties.online for any further questions
Wire investment to banking instructions within five (5) business days from the date your offering documents are reviewed and accepted.