sam's club, clairmont rd, atlanta, ga

SAM'S CLUB,CLAIRMONT RD,ATLANTA, GA2901 CLAIRMONT ROADATLANTA, GA 30329

John Johnson, CCIM, ALCManaging Director404.303.1232 [email protected]

Tom HunterSenior [email protected]

SVN | INTERSTATE BROKERS | 3300 HOLCOMB BRIDGE RD, STE 240, PEACHTREE CORNERS, GA 30092OFFERING MEMORANDUM

1PROPERTY INFORMATIONProperty Summary

Property Description

Complete Highlights

Additional Photos

2LOCATION INFORMATIONRegional Map

Location Maps

Aerial Map

Tenant Profile

3FINANCIAL ANALYSISFinancial Summary

Income & Expenses

Rent Roll

4DEMOGRAPHICSDemographics Report

Demographics Map

5ADVISOR BIOSAdvisor Bio & Contact 1

Advisor Bio & Contact 2

Back Page

OFFERING MEMORANDUMSAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329

1 PROPERTYINFORMATION

2901 Clairmont RoadAtlanta, GA 30329

SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers |

OFFERING SUMMARY

Best Offer Above:: $16,895,000

Leasehold Interest & Ground Lease

NOI: $1,219,705

Lot Size: 22.1 Acres

Year Built: 1999

Building Size: 128,776 SF

Zoning: MU-BC

Market: Atlanta

Submarket: Chamblee, GA/

Northeast Atlanta

Traffic Count (I-85): 218,000

Traffic Count (Clairmont Rd) 50,200

PROPERTY OVERVIEWSam's Club leasehold asset subject to a ground lease. Asset consists of a 22.1acre ground-leased site improved with a Sam's Club Store with a Sam's fuelcenter. The lease to Sam's Club lease has 6+ years remaining on the currentterm with 6 five-year renewal options through July 4, 2055. The land lease has6+ years remaining on the current term with 3 ten-year renewal optionsthrough July 4, 2055. Sam's Club pays all expenses except for the land lease.The asset has an assumable loan with a balance of $10,605,000 at 4.77%,30-year amortization, 10-year call, with a 1% assumption fee.

PROPERTY HIGHLIGHTS

• Sam's Club Net-Leased Leasehold Improvement

• $1,239,338 NOI; 7.22% cap rate; 8.57% cash-on-cash return

• Walmart Stores, Inc. Guarantee

• Current term through 5/31/2026

• Sam's lease can be extended through 7/4/2055

• Ground lease can be extended through 7/4/2055

• Long-standing, top-performing store

• Visible and convenient to I-85

Property Summary

SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

PROPERTY OVERVIEW

Sam's Club leasehold asset subject to a ground lease. Assetconsists of a 22.1 acre ground-leased site improved with aSam's Club Store with a Sam's fuel center. The lease to Sam'sClub lease has 6+ years remaining on the current term with 6five-year renewal options through July 4, 2055. The land leasehas 6+ years remaining on the current term with 3 ten-yearrenewal options through July 4, 2055. Sam's Club pays allexpenses except for the land lease. The asset has anassumable loan with a balance of $10,680,000 at 4.77%,30-year amortization, 10-year call, with a 1% assumption fee.

LOCATION OVERVIEW

The asset is located at the Northeast corner of I-85 andClairmont Road, within Chamblee City Limits, Dekalb County, GAapproximately 10 miles northeast of downtown Atlanta, GA.

Property Description



SALE HIGHLIGHTS

• Sam's Club Net-Leased Leasehold Improvement

• $1,219,705 NOI

• Walmart Stores, Inc. Guarantee

• Current term through 5/31/2026

• Sams lease can be extended through 7/4/2055

• Ground lease can be extended through 7/4/2055

• Long-standing, top-performing store

• Visible and convenient to I-85 (218,000 AADT)

• Assumable Loan: $10,605,000; 4.77%, 30 yrs, 10-yr call;

1% assumption fee

Complete Highlights



Additional Photos



2 LOCATIONINFORMATION



Sam's Club, Clairmont Rd,Atlanta, GA

Regional Map



Location Maps



Sam's Club, Clairmont Rd,Atlanta, GA

Aerial Map



OVERVIEW

Company: Sam's Club

Founded: 1983

Total Revenue: $140.5 Billion (Walmart)

Net Income: 6.67 Billion (Walmart)

Net Worth: $386 Billion (Walmart)

Headquarters: Bentonville, Arkansas

Website Sam's Club: Samsclub.com

Website Walmart: Walmart.com

TENANT HIGHLIGHTS

• Longstanding,, high volume store for Sam's Club

• Walmart corporate guarantee

• 6 years remaining on current lease term

• Renewal options though 2055

• Tenant pays all expenses except ground lease rent

Walmart, Inc. is the parent company of Sam's Club and servesas the corporate guarantor for the lease. Walmart is the world'slargest retailer ranked by revenue with over $500 billion in 2018.Walmart is the world's largest private employer with over 2.2million employees.. Walmart has 11,348 stores and clubs in 27countries, operating under 55 different names. Walmart hassuperior credit metrics and excellent liquidity.

WALMART: GUARANTOR

Sam's West, Inc. dba Sam's Club is a division of Walmart, Inc.Sam's club had $59 billion in revenue for fiscal 2018. Sam's cluboperates operates 599 membership warehouse clubs in the USand Puerto Rico. Sam's club serves 47 million members and isthe 8th largest US retailer.

SAM'S CLUB: TENANT

The Sam's Club lease with a Walmart corporate Guaranteemakes the income stream from this asset extremely safe bycorporate standards. Moody's rates Walmart debt at Aa2., andthe S&P and Fitch ratings are both AA.

Tenant Profile



3 FINANCIALANALYSIS2901 Clairmont Road

Atlanta, GA 30329


INVESTMENT OVERVIEW

Price Best Offer Above $16,895,000

Price per SF TBD

CAP Rate 7.22%

Cash-on-Cash Return (yr 1) 8.57%

Total Return (yr 1) $538,950

Debt Coverage Ratio 1.79

OPERATING DATA

Gross Scheduled Income $1,239,338

Other Income 0

Total Scheduled Income 1,,229,338

Vacancy Cost 0

Gross Income 1,229,338

Ground Lease Rent 19,633

Net Operating Income $1,219,705

Pre-Tax Cash Flow $1,219,705

FINANCING DATA

Down Payment $6,290,000

Assumable Loan Amount $10,605,000

Interest Rate Fixed Through 12/28/2028 4.77%

Amortization 30 years, 10-year call

Loan Assumption Fee 1%

Financial Summary



INCOME SUMMARY

Gross Income $1,239,338

EXPENSE SUMMARY

Ground Lease Rent $19,633

Gross Expenses $19,633

Net Operating Income $1,219,705

Income & Expenses



TENANT

NAME

UNIT

SIZE (SF)

LEASE

START

LEASE

END

LEASE

START

ANNUAL

RENT

% OF

GLA

PRICE

PER SF/YR

RECOVERY

TYPE COMMENTS

Sam's Club 128,776 10/28/1999 5/31/2026 Current $1,239,338 100.0 $9.62

Totals/Averages 128,776 $1,239,338 $9.62 $0 $0

Rent Roll



4DEMOGRAPHICS



1 MILE 3 MILES 5 MILES

Total population 13,950 109,374 272,554

Median age 32.9 34.3 35.0

Median age (male) 32.9 33.8 34.6

Median age (female) 33.6 34.6 35.6

1 MILE 3 MILES 5 MILES

Total households 5,927 46,479 120,379

Total persons per HH 2.4 2.4 2.3

Average HH income $67,017 $84,697 $94,150

Average house value $354,028 $393,907 $399,170

* Demographic data derived from 2010 US Census

Demographics Report



POPULATION 1 MILE 3 MILES 5 MILES

Total population 13,950 109,374 272,554

Median age 32.9 34.3 35.0

Median age (Male) 32.9 33.8 34.6

Median age (Female) 33.6 34.6 35.6

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,927 46,479 120,379

# of persons per HH 2.4 2.4 2.3

Average HH income $67,017 $84,697 $94,150

Average house value $354,028 $393,907 $399,170

* Demographic data derived from 2010 US Census

Demographics Map



5 ADVISOR BIOS2901 Clairmont Road

Atlanta, GA 30329


3300 Holcomb Bridge Rd, Ste 240Peachtree Corners, GA 30092T 404.303.1232 [email protected] #000058515-0GA #155996NC #154777SC #15457TN #00270034VA #0225041781FL #BK3312170

PROFESSIONAL BACKGROUND

John L. Johnson, CCIM, ALC, CPA (not presently practicing), serves as Managing Broker for SVN

Interstate Brokers. With over 35 years of commercial real estate brokerage, accelerated marketing,

ownership, loan and turn-around experience, Johnson has sold properties in 41 states.

Prior to joining SVN, Johnson served as President for Interstate Brokers and Auctions, headquartered in

Atlanta, Georgia. In that capacity, he managed sales for many institutional and other sellers, including

various Federal Agencies under his current contract with GSA, Resolution Trust Corporation (RTC), the

Small Business Administration (SBA), the Federal Deposit Insurance Corporation (FDIC), US Marshals

Service, U.S. Bankruptcy Courts, Bank of America, Wachovia, SunTrust Bank, developers, private and

corporate investors, and many other entities. For the RTC, he pioneered a more focused auction

concept, and also oversaw rehabilitation contractors for the RTC Affordable Housing program.

Interstate was also the exclusive auction source for Prudential Commercial Services on a national

multi-year contract. He was formerly a senior auditor with Peat Marwick Mitchell & Co. and a Captain in

the United States Air Force.

Johnson organized SVN Accelerated Marketing Co., Inc. to be the auction arm of SVN, and served as

President for 5 years. He has managed thousands of accelerated marketing/auction sales, including a

$35,000,000 plus accelerated sale of 22 multifamily properties in Miami, FL. He was also a key

member of the team that successfully auctioned a $31,500,000 residential redevelopment property on

the outskirts of Detroit for the State of Michigan. Johnson’s extensive background as both a real estate

broker and an auctioneer gives him a unique perspective in real estate marketing and sales.

Consistently a leading advisor, Johnson is a five-time recipient of SVN's Partners Circle award, and was

a three time winner of Prudential's Chairman's Circle award. He is consistently in the top 5% of all SVN

advisors internationally. He holds the Certified Commercial Investment Member (CCIM), Accredited

Land Consultant (ALC) and Certified Public Accountant (CPA) designations. He has been a speaker and

instructor, including for continuing education programs for legal and real estate continuing

professional education programs, and has been published in journals and other media. He is a member

of several professional associations.

EDUCATION

M.S. Accounting, Univ of N. D.

M.S. Industrial Management Univ of N. D.

B.S. Accounting, Univ of Tenn.

Pre-doctoral study Georgia State Univ.

MEMBERSHIPS & AFFILIATIONS

CCIM, National Association of Realtors, Realtors Land Institute, Atlanta Commercial Bd of Realtors,

National Auctioneers Association, TurnAround Management Association, International Council of

Shopping Centers.

JOHN JOHNSON, CCIM, ALC

Managing Director




3300 Holcomb Bridge Rd, Ste 240Peachtree Corners, GA 30092T [email protected]

PROFESSIONAL BACKGROUND

Tom Hunter serves as an Associate Broker and Auctioneer for SVN InterstateAuctionCompany, and Interstate Brokers, independently-owned offices of SVN (SVN)based in Atlanta, GA. SVN is a leading commercial real estate brokerage firmwith over 100 offices nationwide.

Over the course of his 30-year commercial brokerage and auctionmanagement career, Hunter has developed and executed high-impact,accelerated marketing programs for all types of commercial real estateassets for banking and investment clients throughout the United States.

Prior to becoming a commercial real estate broker and auctioneer, Hunterserved as a project manager for Bank Earnings International, Inc., (acquiredby Electronic Data Systems, Inc.) and BEI Real Estate Services (acquired byAmresco) where he specialized in the analysis of commercial real estate loanportfolios and real estate asset management for financial institutions.

With an extensive commercial real estate background, Hunter has completednumerous property analysis and feasibility studies, identified potential buyergroups, structured property offerings, and implemented marketing plans ontime, under budget, optimizing results to reach targeted buyers. Hunter’sclient list includes international, regional and local financial institutions,government agencies, and private investors.

Some of the notable auctions Hunter has been involved in include the sale ofa surplus 400-acre psychiatric hospital complex in Livonia, Michigan for theState of Michigan for $31,000,000 and a 22 building, section 8, apartmentportfolio in the Little Havana district of Miami, Florida for $36,000,000.Regardless of the asset size or value, Hunter always endeavors to structurethe offering to achieve a sale for the highest price possible for the client.

Hunter is a member of the Atlanta Commercial Board of Realtors and theNational Auctioneers Association. In addition, he frequently volunteers as anauctioneer for fund raising auctions held by charitable organizations. Hunterearned an MBA with concentrations in Finance and Real Estate from theTerry College of Business at the University of Georgia (1984) and a Bachelorof Science degree (1980) in Psychology.

TOM HUNTER

Senior Advisor




sam's club, clairmont rd, atlanta, ga

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