Over View
- 6.3 acres of Commercial space land in one of the busiest intersections in Frisco & McKinney i.e. at Main & Custer Intersection adjacent to “The Grove”.
- Total Capital Raising – $6.3M
- No of Shares: 62
- Project Duration: 36 Months
- Expected Returns: 25% AAR
Business Plan
- We plan to acquire the commercial land, develop, build retailbuildings, lease, stabilize, and sell them at the Market CapRate.
- The Preliminary plan is to build two retail buildings and 3 Medical/Office Buildings.
- Marketing to identify potential & national brand tenants/Clients.
Entity Structure
- Property will be on 1 single entity with all 62 share holders as owners with respective ownership percentages.
- Entity Name : ARO CUSTER MAIN PARK LLC
- A Legal operating partnership agreement will be prepared by attorney on the ownership
- GP’s will be managing the property, communications, coordination work
Financial Highlights
Capital Raising
$6.2M
Expected Returns
25% AAR
Cost Per Share
$100K
Price
$
No of Shares
62
Project Duration
36 Months
Projected Timeline
09-02-2024
Option fee hard
09-16-2024
Individual LLC Creation / Amount ready
09-23-2024
Money Transfer deadline
09-26-2024
Operating agreement delivery
09-30-2024
Closing Date
-
09-02-2024
Option fee hard
-
09-16-2024
Individual LLC Creation / Amount ready
-
09-23-2024
Money Transfer deadline
-
09-26-2024
Operating agreement delivery
-
09-30-2024
Closing Date