INVESTMENT OFFERING. OFFERING PRICE $1,346,000 (7.25% Cap Rate)

Transcription

1 INVESTMENT OFFERING National Tire & Battery 4373 New Snapfinger Woods Drive Decatur (Atlanta), GA OFFERING PRICE $1,346,000 (7.25% Cap Rate) Presented By: Jerry Hopkins & Ken Hedrick STAN JOHNSON COMPANY 6120 South Yale Avenue, Suite 813 Tulsa, Oklahoma Telephone (918) ; Fax (918) or

2 Executive Summary National Tire & Battery Decatur (Atlanta), Georgia TENANT LOCATION National Tire & Battery is owned by TBC Corporation, which is the guarantor of this lease. TBC Corporation is the nation's largest independent marketer of automotive replacement tires. TBC s system encompasses over 1,200 locations worldwide under a variety of banners including Big O Tires, National Tire and Battery, Tire Kingdom, and Carroll Tire Company among others. Its annual sales are believed to be in excess of $2.4 Billion with assets of more than $1.7 Billion. In November, 2005, the Sumitomo Corporation of America (SCOA) acquired TBC Corporation as a wholly-owned subsidiary. SCOA is an investor and business partner in more than 40 subsidiary and affiliate companies. As of March 31, 2007, Sumitomo Corporation of America had a net worth in excess of $1 Billion; and as of November 24, 2008, a Standard & Poor s rating of A Stable New Snapfinger Woods Drive Decatur (Atlanta), Georgia The NTB property is located approximately 10 miles east of downtown Atlanta along Interstate 20. Traffic counts along the interstate are an impressive 198,500 vehicles per day. Over 237,000 people live within a 5 mile radius of the NTB property earning an average household income of over $60,000 per year. The population is expected to grow an additional 7% by The property is located on a pad site for Home Depot. Other national tenants in close proximity include a Ford dealership as well as Walgreens, CVS and Kroger. The property is accessible from New Snapfinger Woods Drive and from the Home Depot Parking Lot. BUILDING DETAILS 11,755 SF (constructed in 1993) The building has 4X2 bays and is a steel and masonry construction. LAND AREA 1.64 Acres LEASE COMMENCEMENT October 2005 LEASE TERM Twenty (20) years with Four (4), Five (5) year renewal options. Stan Johnson Company 6120 South Yale Avenue, Suite 813 Tulsa, Oklahoma The information contained herein was obtained from sources believed reliable; however, STAN JOHNSON COMPANY makes no guaranties, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property for sale, rent, or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notice.

3 National Tire & Battery Decatur (Atlanta), Georgia Stan Johnson Company Page 2 ANNUAL RENT Years Annual Current $97,586 Cumulative CPI increase after year 5 not to exceed 10%. CPI increases each additional 5 year periods (and options) not to exceed 8%. EXPENSES NNN CAP RATE 7.25% PURCHASE PRICE $1,346,000 CONTACT Jerry Hopkins or Ken Hedrick, jhopkins@stanjohnsonco.com or khedrick@stanjohnsonco.com The information contained herein was obtained from sources believed reliable; however, STAN JOHNSON COMPANY makes no guaranties, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property for sale, rent, or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notice.

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8 Pop-Facts: Demographic Quick Facts Report Radius 1: 4373 NEW SNAPFINGER WOODS DR, DECATUR, GA , aggregate Radius 2: 4373 NEW SNAPFINGER WOODS DR, DECATUR, GA , aggregate Radius 3: 4373 NEW SNAPFINGER WOODS DR, DECATUR, GA , aggregate Description miles miles miles Radius 1 % Radius 2 % Radius 3 % Population 2013 Projection 9,535 85, , Estimate 8,835 81, , Census 7,836 74, , Census 6,731 59, ,987 Growth Households 2013 Projection 2008 Estimate 2000 Census 1990 Census Growth % 25.37% 26.50% 3,041 28,457 84,960 2,835 27,008 79,747 2,525 24,577 70,692 2,175 19,297 56, % 27.36% 25.62% 2008 Est. Population by Single Classification Race 8,835 81, ,760 White Alone , , Black or African American Alone 8, , , American Indian and Alaska Native Alone Asian Alone , Native Hawaiian and Other Pacific Islander Alone Some Other Race Alone , Two or More Races , , Est. Population Hispanic or Latino 8,835 81, ,760 Hispanic or Latino , , Not Hispanic or Latino 8, , , Tenure of Occupied Housing Units 2,835 27,008 79,747 Owner Occupied 1, , , Renter Occupied , , Average Household Size Prepared On: Sun Nov 23, 2008 Prepared For: Page 1 Of 3 Claritas Tech Support: CLARITAS INC. All rights reserved. Prepared By:

9 Pop-Facts: Demographic Quick Facts Report Radius 1: 4373 NEW SNAPFINGER WOODS DR, DECATUR, GA , aggregate Radius 2: 4373 NEW SNAPFINGER WOODS DR, DECATUR, GA , aggregate Radius 3: 4373 NEW SNAPFINGER WOODS DR, DECATUR, GA , aggregate miles miles miles Description Radius 1 % Radius 2 % Radius 3 % 2008 Est. Households by Household Income 2,835 27,008 79,747 Income Less than $15, , , Income $15,000 - $24, , , Income $25,000 - $34, , , Income $35,000 - $49, , , Income $50,000 - $74, , , Income $75,000 - $99, , , Income $100,000 - $149, , , Income $150,000 - $249, , Income $250,000 - $499, Income $500,000 and over Est. Average Household Income $53,879 $62,747 $60, Est. Median Household Income $48,238 $54,095 $50, Est. Per Capita Income $17,495 $20,983 $20,465 Prepared On: Sun Nov 23, 2008 Prepared For: Page 2 Of 3 Claritas Tech Support: CLARITAS INC. All rights reserved. Prepared By:

10 Pop-Facts: Demographic Quick Facts Report Appendix: Area Listing Area Name: Type: Radius 1 Reporting Detail: Aggregate Reporting Level: Block Group Radius Definition: 4373 NEW SNAPFINGER WOODS DR Latitude/Longitude DECATUR, GA Radius Area Name: Type: Radius 2 Reporting Detail: Aggregate Reporting Level: Block Group Radius Definition: 4373 NEW SNAPFINGER WOODS DR Latitude/Longitude DECATUR, GA Radius Area Name: Type: Radius 3 Reporting Detail: Aggregate Reporting Level: Block Group Radius Definition: 4373 NEW SNAPFINGER WOODS DR Latitude/Longitude DECATUR, GA Radius Project Information: Site: 1 Order Number: Prepared On: Sun Nov 23, 2008 Prepared For: Page 3 Of 3 Claritas Tech Support: CLARITAS INC. All rights reserved. Prepared By: