aamco 6632 caminito coors paradise hills nm 87120€¦ · 6632 caminito coors paradise hills, nm...

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AAMCO 6632 CAMINITO COORS PARADISE HILLS, NM OFFERING MEMORANDUM

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Page 1: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

AAMCO6 6 3 2 C A M I N I T O C O O R S

P A R A D I S E H I L L S , N M

O F F E R I N G M E M O R A N D U M

Page 2: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

K Y L E M AT T H E WSL I C # 1 9 6 0 1 ( N M )

B R O K E R O F R E C O R D

LISTED BY

C O RT L A N D L I O IAssociate

c o r t l a n d . l i o i @ m a t t h ews . c o mD I R 9 4 9 . 9 4 5 . 6 0 07M O B 9 4 9 . 9 8 1 . 9 07 0

L I C # 0 2 0 4 2 1 8 2 (CA)

G A RY C H O UFVP & Senior Director

g a r y. c h o u @ m a t t h ews . c o mD I R 3 1 0 . 9 1 9 . 5 8 2 7M O B 7 1 4 . 9 2 8 . 8 0 1 6

L I C # 0 1 9 1 1 2 2 2 (CA)

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E X E C U T I V E S U M M A RY

CONTENTS

090504

T E N A N TOV E RV I E W

F I N A N C I A LOV E RV I E W

A R E AOV E RV I E W

06

P R O P E R T Y OV E RV I E W

Page 3: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

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PROPERTY DETAILS • NN Leased Property with minimal landlord responsibilities• Offered at an attractive 7.25% Cap rate• 7 years remaining on the current lease• Property built in 2005, with high-quality construction which is significantly newer than most auto

service buildings giving it a much cleaner look with less upkeep

LOCATION • Strategically located on Coors Blvd NW, a main retail street with over 42,000 VPD• Strong presence of nearby retail tenants including Paradise Hills Shopping Center, Target, Dollar

Tree, Costco, Walgreens, Albertsons, Jiffy Lube, Burger King, and Taco Bell

• Located next to many current and future residential developments, with projected growth• Placed in a retail complex including Safelite Auto Glass, Goodwill, and Bank of America

TENANT • E-Commerce proof Investment - AAMCO is the world’s largest transmission and car repair franchise• Operating over 600 franchise stores in the United States and Canada• AAMCO was owned by American Capital a private equity and asset management firm which

merged with Ares Capital Corporation in 2017

• Ares Capital is one of the biggest asset management firms in the United States led by Tony Ressler

E X E C U T I V E O V E R V I E W

INVESTMENT HIGHLIGHTS

Page 4: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

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TENANT SUMMARYTenant Trade Name AAMCO Transmission

Type of Ownership Fee Simple

Lease Guarantor D&S Consolidated, Inc.

Lease Type NN

Roof & Structure Tenant Responsible

Original Lease Term 10 Years

Rent Commencement Date 1/1/2015

Lease Expiration Date 1/1/2025

ANNUALIZED OPERATING DATA

Monthly Rent Annual Rent Rent/SF Cap RateCurrent - 1/1/2025 $4,222 $50,663 $12.92 7.25%

FINANCIAL HIGHLIGHTS

L I ST P R I C E

$699,000

CA P R AT E

7.25%

T E R M R E M A I N I N G

± 7 YEARS

F I N A N C I A L O V E R V I E W

Page 5: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

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AAMCO is an American transmission-repair franchise founded by Robert Morgan and Anthony A. Martino in 1957 in Philadelphia. Martino eventually ended his affiliation with AAMCO to manage the MAACO auto body-shop franchise, but Morgan stayed on with his son, Keith Morgan, succeeding him as CEO.

In 2006, the company was acquired by American Capital. In January 2017, American Driveline Systems, the franchiser of the AAMCO and Cottman Transmission & Total Auto Care brands, was acquired by Transom Capital Group.

Going beyond business as usual for more than 50 years, AAMCO has been highly regarded as a leading transmission expert. And for good reason. With more than 650 centers across the US and Canada, highly trained technicians and state-of-the-art electronic diagnostics, expert is a truly hard-earned distinction.

ONE STOP FOR ALL OF YOUR FLEET NEEDSThe added benefit is the convenience of one-stop for all of your automotive needs. AAMCO is quickly establishing an equally impressive reputation for car care above and beyond transmissions. From brakes and struts, mufflers to CV joints, and tune-ups to cooling systems, AAMCO is your single source for dependable Fleet maintenance.

SUPERIOR QUALITY

Since 1962, AAMCO center technicians have serviced more than 35 million vehicles and are dedicated to ensuring vehicles are fixed right the first time. AAMCO centers have certified technicians using state-of-the-art diagnostic equipment and they are kept up to date on thousands of vehicle makes and models on the road today through AAMCO’s ongoing technical training and certification programs. Technicians can also get immediate assistance with technical problems from the AAMCO Technical Hotline - so vehicles can get back on the road quicker.

AAMCO

P A R E N T C O M P A N Y A M E R I C A N D R I V E L I N E S Y S T E M S , I N C .

T E N A N T O V E R V I E W

O W N E RT R A N S O M C A P I TA L G R O U P

H E A D Q U A R T E R E DH O R S H A M , P E N N S Y LV A N I A

R E V E N U E± 4 5 0 M I L L I O N

N O . O F L O C A T I O N S± 6 0 0

Y E A R F O U N D E D1 9 6 3

W E B S I T EW W W . A A M C O . C O M

Page 6: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

6

Oceanside Blvd ± 31,792

Colle

ge B

lvd

± 40

,116

TENANT SUMMARY

Property Address 6632 Caminito CoorsParadise Hills, NM 87120

SITE DESCRIPTIONNumber of Stories OneType of Ownership Fee SimpleYear Built 2005GLA ± 3,920 SFLot Size ± 0.55 Acres (24,002 SF)Parking ± 15 Surface SpacesParking Ratio 3.83 : 1,000 SFLandscaping ProfessionalTopography Generally Level

T H E O F F E R I N G T H E PA R C E L

P R O P E R T Y O V E R V I E W

Page 7: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

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S U R R O U N D I N G T E N A N T S

Page 8: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

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Page 9: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

5 -M I L E D E M O G R A P H I C SPA R A D I S E H I L LS , N M

Paradise Hills is located in northern Bernalillo County on high ground rising to the west of the valley of the Rio Grande. The unincorporated CDP is entirely surrounded by the city of Albuquerque. 1 8 4 , 3 1 2

P O P U L AT I O N

7 3 , 5 9 5

H O U S E H O L D S

$ 8 1 , 5 5 2

I N C O M E

A R E A O V E R V I E W

A L B U Q U E R Q U E , N M

Albuquerque lies at the center of the New Mexico Technology Corridor, a concentration of high-tech private companies and government institutions along the Rio Grande. The city is home to a number of attendant contracting companies, Sandia National Laboratories and Kirtland Air Force Base. It is also home to University of New Mexico, National American University, Trinity Southwest University and the Central New Mexico Community College. Albuquerque contains a variety of museums, galleries, shops and other points of interest. Some of these include the Albuquerque Biological Park, Museum of Natural History and Science, and Old Town Albuquerque. The Sandia and Manzano Mountains to the east offer trails, open spaces, rock climbing and a number of other outdoor activities along with the city’s many parks.

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Page 10: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

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E C O N O M Y

Albuquerque lies at the center of the New Mexico Technology Corridor, a concentration of high-tech private companies and government institutions along the Rio Grande. Larger institutions whose employees contribute to the population are numerous and include Sandia National Laboratories, Kirtland Air Force Base, and the attendant contracting companies which bring highly educated workers to a somewhat isolated region. Intel operates a large semiconductor factory or “fab” in suburban Rio Rancho, in neighboring Sandoval County, with its attendant large capital investment. Northrop Grumman is located along I-25 in northeast Albuquerque, and Tempur-Pedic is located on the West Mesa next to I-40.

The solar energy and architectural-design innovator Steve Baer located his company, Zomeworks, to the region in the late 1960s; and Los Alamos National Laboratory, Sandia, and Lawrence Livermore National Laboratory cooperate here in an enterprise that began with the Manhattan Project. In January 2007, Tempur-Pedic opened an 800,000-square-foot mattress factory in northwest Albuquerque.

The city was rated seventh among America’s Engineering Capitals in 2014 by Forbes magazine. Albuquerque ranked among the Top 10 Best Cities to Live by U.S. News & World Report in 2009 and was recognized as the fourth best place to live for families by the TLC network. It was ranked among the Top Best Cities for Jobs in 2007 and among the Top 50 Best Places to Live and Play by National Geographic Adventure magazine.

M A J O R E M P LOY E R S

Page 11: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of AAMCO located at 6632 Caminito Coors, Paradise Hills, NM 87120 ( “Property” ) . I t has been prepared by Matthews Real Estate Investment Services. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Real Estate Investment Services. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion ormanner detr imental to the interest of the Sel ler.

Owner and Matthews Real Estate Investment Services expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Real Estate Investment Services or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T

Page 12: AAMCO 6632 Caminito Coors Paradise Hills NM 87120€¦ · 6632 Caminito Coors Paradise Hills, NM 87120 SITE DESCRIPTION Number of Stories One Type of Ownership Fee Simple Year Built

E XC LU S I V E LY L I ST E D BY

AAMCO6 6 3 2 C A M I N I T O C O O R S

P A R A D I S E H I L L S , N M

K Y L E M AT T H E WSL I C # 1 9 6 0 1 ( N M )

B R O K E R O F R E C O R DG A RY C H O UFVP & Senior Director

g a r y. c h o u @ m a t t h ews . c o mD I R 3 1 0 . 9 1 9 . 5 8 2 7M O B 7 1 4 . 9 2 8 . 8 0 1 6L I C # 0 1 9 1 1 2 2 2 (CA)

C O R T L A N D L I O IAssociate

c o r t l a n d . l i o i @ m a t t h e w s . c o m D I R 949.945 .6007M O B 949.981 .9070L I C # 0 2 0 4 2 1 8 2 ( C A )