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Offering Memorandum AUTO BODY SHOP NET LEASE INVESTMENT OPPORTUNITY | 6.9% CAP RATE

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Page 1: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

Offering MemorandumA U TO B O DY S H O P N E T L E A S E I N V E S T M E N TO P P O R T U N I T Y | 6 . 9 % C A P R AT E

Page 2: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

P a g e 2 o f 1 1

E X E C U T I V E S U M M A R Y 3F I N A N C I A L O V E R V I E W 4

S U R V E Y 5F L O O R P L A N S 6

A D D I T I O N A L P H O T O S 7R E TA I L E R M A P 8

A B O U T T H E A R E A 9B R O K E R P R O F I L E 10

D I S C L A I M E R & L I M I T I N G C O N D I T I O N S 11

T A B L E O F C O N T E N T S

Bull Realty, Inc.50 Glenlake Parkway, Suite 600Atlanta, GA 30328BullRealty.com

Jared DaleyV.P. Automotive [email protected] x111

Exclusively listed by Bull Realty, Inc.

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P a g e 3 o f 1 1

Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it may be estimated,projected, limited in scope and is subject to change or inaccuracies. Pertinent information should be independently confirmed prior to lease or

purchase offer or within an applicable due diligence period.

O F F E R H I G H L I G H T S

This RMA Body Shop in Riverdale, Georgia is an excellent, single tenant netlease investment with limited Landlord responsibilities.

This independent shop signed a five-year lease that expires July 2021 withno annual rent increase. Landlord responsibilities include repairs andmaintenance to the roof, structure, pipes and lines up to the building.

RMA Body Shop, provides exceptional maintenance and repair services tothe residents of the Atlanta MSA.

• ± 9,755 SF auto repair building• Service area is ± 7,035 SF and the showroom/admin area is ± 2,720 SF• Situated on a corner site of ±1.76 acres• Private steel fence surrounding the property• Monument signage available• Net lease investment with limited Landlord responsibilities• Existing lease term through July 2021• Busy commercial corridor with traffic counts of 36,500 vehicles per day• Nearby retailers include Hyundai, IHOP, Zaxby's and Family Dollar• Available for sale at $590,000 and 6.9% cap rate

D E M O G R A P H I C S 1 Mile 3 Miles 5 Miles

Total Population: 10,748 73,160 164,652

Total Households: 3,625 24,382 56,016

Average HH Income: $49,184 $51,830 $50,672* Source: ESRI and US Census Bureau

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

Located in a dense retail corridor that include major retailers such asSherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many otherautomotive shops. The property is three miles south of TaraBoulevard, where other major retailers are located, three miles southof Southern Regional Medical Center and 16 miles south of DowntownAtlanta.

E X E C U T I V E S U M M A RYA U T O B O D Y S H O P N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 9 % C A P R A T E

Page 4: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

P a g e 4 o f 1 1

Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it may be estimated,projected, limited in scope and is subject to change or inaccuracies. Pertinent information should be independently confirmed prior to lease or

purchase offer or within an applicable due diligence period.

P R O P E R T Y & L E A S E I N F O R M AT I O NProperty Location: 7786 Highway 85, Riverdale, GA 30274

County: Clayton

Price: $59,000

Cap Rate: 6.9%

NOI: $40,888

Price/SF: $64.48

Year Built: 1977

Year Renovated: 1998

Site Size: ± 1.76 Acres

Building Size: ± 9,755 SF

Type Of Ownership: Fee Simple

Traffic Count: 36,500 VPD

L E A S E S U M M A RYTenant Trade Name: RMA Body Shop

Lease Type: Net Lease

Rent Commencement: 7/21/2016

Lease Expiration: 7/31/2021

Renewal Options: N/A

Landlord Responsibilities: Maintenance and repairs for the roof, structure, pipes andlines up to the building

R E N T S C H E D U L E

Term Dates Monthly Rent Annual Rent Increase %

Year 1 7/1/16-7/31/17 $4,000 $48,000

Year 2 8/1/17-7/31/18 $4,120 $49,440 3%

Year 3-5 8/1/18-7/31/21 $4,244 $50,928 3%

R E P R E S E N TAT I V E P H O TO

F I N A N C I A L O V E R V I E WA U T O B O D Y S H O P N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 9 % C A P R A T E

Page 5: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

P a g e 5 o f 1 1

Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it may be estimated,projected, limited in scope and is subject to change or inaccuracies. Pertinent information should be independently confirmed prior to lease or

purchase offer or within an applicable due diligence period.

S U R V E YA U T O B O D Y S H O P N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 9 % C A P R A T E

Page 6: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

P a g e 6 o f 1 1

Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it may be estimated,projected, limited in scope and is subject to change or inaccuracies. Pertinent information should be independently confirmed prior to lease or

purchase offer or within an applicable due diligence period.

F L O O R P L A N SA U T O B O D Y S H O P N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 9 % C A P R A T E

Page 7: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

P a g e 7 o f 1 1

Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it may be estimated,projected, limited in scope and is subject to change or inaccuracies. Pertinent information should be independently confirmed prior to lease or

purchase offer or within an applicable due diligence period.

A D D I T I O N A L P H O TO SA U T O B O D Y S H O P N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 9 % C A P R A T E

Page 8: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

P a g e 8 o f 1 1

Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it may be estimated,projected, limited in scope and is subject to change or inaccuracies. Pertinent information should be independently confirmed prior to lease or

purchase offer or within an applicable due diligence period.

R E TA I L E R M A PA U T O B O D Y S H O P N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 9 % C A P R A T E

Page 9: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

P a g e 9 o f 1 1

Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it may be estimated,projected, limited in scope and is subject to change or inaccuracies. Pertinent information should be independently confirmed prior to lease or

purchase offer or within an applicable due diligence period.

A B O U T T H E A R E AA U T O B O D Y S H O P N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 9 % C A P R A T E

RIVERDALE

Riverdale is located in the "Southern Crescent" of Clayton County,approximately 10 miles south of Atlanta. Riverdale's history wasfounded before the civil war as a farming and trasnportation hub andeven today the city is still tied to rail transit through the MARTAsystem. Riverdale is home to Southern Regional Medical Center, a 331-bed hospital serving the community since 1971 and one of the topemployers in Clayton County.

The city of Riverdale lies quickly accessible to three major interstates:I-285, I-85 & I-75. Its strategic location makes it a great commuter cityand accessible to many surrounding areas. The city is only 5 milessouth of Atlanta's Hartsfield-Jackson International Airport, the world'sbusiest airport by volume. Many employees who support the airportreside within Riverdale's city limits.

Riverdale has a population of over 14,000 and is the second largestcity of population in Clayton County. The city is governed by a mayorand 4 council members. Each council member represents the entirecity and are elected at-large, through they hail from one of the fourwards that divide the city. The mayor council appoint a city manager,who has oversight over 5 departments.

Source: RiverdaleGA.Gov

Page 10: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

B R O K E R P R O F I L EA U T O B O D Y S H O P N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 9 % C A P R A T E

Bull Realty is a commercial real estate sales, leasing, management and advisory firm headquartered in Atlanta licensed in nineSoutheast states. The firm was founded in 1998 on two primary missions: to provide a company of advisors known for integrityand to provide the best disposition marketing in the nation. Still guided by these philosophies, the firm's services haveexpanded to include disposition, acquisition, project leasing, tenant representation and consulting services. To add additionalvalue and efficiency for clients, advisors focus on specific sectors and services in the office, retail, industrial, multifamily, land,healthcare, senior housing, self-storage, automotive, hospitality and single tenant net lease sectors.

The firm produces America's Commercial Real Estate Show, a national video show and podcast enjoyed by millions of peoplearound the country. Industry analysts, leading market participants and the firm's founder Michael Bull share marketintelligence, forecasts and success strategies. The show has aired every week since 2010 on iTunes, YouTube andwww.CREshow.com.

Bull Realty Inc.

50 Glenlake Parkway, Suite 600Atlanta, GA 30328

404-876-1640 [email protected]

P a g e 1 0 o f 1 1

Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it may be estimated,projected, limited in scope and is subject to change or inaccuracies. Pertinent information should be independently confirmed prior to lease or

purchase offer or within an applicable due diligence period.

V.P. Automotive GroupJARED DALEY Professional Background

Jared utilizes Bull Realty’s successful marketing platform to help clients with all types of properties. Hisexperience in the automotive business and financial services industry helps Jared assess the real value of aproperty or a company’s space needs and determine how to best deal with today’s market.

Jared has experience in office, automotive properties and all types of commercial real estate, especiallydistressed assets. Jared has been instrumental in stabilizing commercial properties with more than twohundred signed leases completed since 2008. The leases consisted of office, warehouse and automotivefacilities. Additionally, Jared sells as many as two dozen properties per year. His wide variety of listingsthroughout the metro Atlanta area keeps a steady stream of buyers calling.

In addition to his commercial real estate experience, Jared has eleven years experience as a financial advisor(NASD Series 7, 6, 63, 66; GA Life/Health/Variable licenses). Prior to that, he spent a decade in the automotiveindustry.

Jared is a member of the Atlanta Commercial Board of Realtors and is a CCIM candidate. He lives inDouglasville with his wife and daughter. His interests include mountain biking, skiing, golf, music andstandard bred horses.

Page 11: Offering Memorandum - LoopNet · 2019. 10. 2. · Sherwin Williams, U-Haul, Pep Boys, Jiffy Lube and many other ... I-285, I-85 & I-75. Its strategic location makes it a great commuter

D I S C L A I M E R & L I M I T I N G C O N D I T I O N SA U T O B O D Y S H O P N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 9 % C A P R A T E

Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property.

This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of theinformation that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based uponassumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospectivepurchasers may not rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available toqualified prospective purchasers.

In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete oraccurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected toreview independently all documents.

This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute arecommendation, endorsement, suitability or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospectivepurchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions withany party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this OfferingMemorandum or making an offer on the Property unless a written agreement for the purchase of the Property has been fully executed, delivered andapproved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. The Owner/Seller reserves theright to move forward with an acceptable offer prior to the call for offers deadline.

This Offering Memorandum may be used only by parties approved by the Broker. The Property is privately offered, and by accepting this OfferingMemorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of aconfidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwisereproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. The terms and conditions set forth above apply to thisOffering Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

P a g e 1 1 o f 1 1

Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it may be estimated,projected, limited in scope and is subject to change or inaccuracies. Pertinent information should be independently confirmed prior to lease or

purchase offer or within an applicable due diligence period.