single tenant property for sale
DESCRIPTION
NNN single tenant net leased for saleTRANSCRIPT
![Page 1: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/1.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Essilor International (EURONEXT: EI.PA) 3710 Belmont Avenue
Youngstown, Ohio 44505
![Page 2: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/2.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerial
5) SitePlan
6) Maps
7) TenantProfile
8) DemographicComparisonReport
9) LocationOverview
10) ContactInformation
TABLE OF CONTENTS
TABLE OF CONTENTS
![Page 3: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/3.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
![Page 4: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/4.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantEssilorInternationalpropertylocatedinYoungstown,OhioalongInterstate80.The29,710squarefootflexbuildingisusedbyClassicOpticalLaboratories,awhollyownedsubsidiaryof Essilor International, tomanufacture over2,000eye glassesper day. Essilor International is the leadingmanufacturerandwholesaledistributorofopticallensesintheUnitedStatesandisapubliclytradedcompanyontheEuronextParisStockExchange(EI.PA)asoneofthefortylargestcompaniesinFrance.Thefrontofthebuildingisarecentlyrenovatedofficetosupportthesubsidiary’seyeglassmanufacturingbusiness,whichhasbeenaroundforover45years.ClassicOpticalLaboratorieshasoperatedatthislocatedsince1982.Thereareoverfouryearsremainingonthisnetleasethatfeaturesfour3-yearrenewaloptionswith3%rentalescalationsineach.
ThesubjectpropertyislocatedonBelmontAvenue(OhioStateRoute193),theprimarynorth-souththoroughfareinthetradearea.ThepropertybenefitsfromitscloseproximitytotheInterstate80andHighway11/711interchangewitheasyaccesstoInterstate80.ThereisaWalmartSupercenteranchoredshoppingcenterlocatedacrossthestreetwhichcreatesstrongtrafficflowintheimmediatearea.ItislocatedwithinadenseretailcorridorwithmanynationalretailersintheimmediatevicinityincludingChaseBank,McDonald’s,O’ReillyAutoParts,Aldi,BigLots,DollarGeneral,CitiTrends,andmanyothers.
ClassicOpticalLaboratorieshasbeensuccessfullyoperatingfor45yearsasanindustryleadersupplyingtheopticalindustrywithtop-quality,low-costeyewear.Theentirebusinessisconsolidatedtothislocation.Forthesereasons,EssilorInternationalacquiredClassicOpticalLaboratoriesinJuly2013.EssilorInternationalistheworldleaderforcorrectivelenseswithoperationsin54countries.DespitetheascensionofcontactandLasiksurgery,theeyeglassbusinesscontinuestoexpand.Thefacilitiesoperationcanbeseeninthisvideo:Link
Anew5yearleasewassignedwhenEssilorInternationalpurchasedClassicOpticalLaboratoriesinJuly2013.Therearefour3-yearrenewaloptionswith3%rentalescalationsineach.EssilorInternationalisapubliclytradedcompanyontheEuronextParisStockExchange(EI.PA)withamarketcapitalizationinexcessof€17billion
INVESTMENT HIGHLIGHTS
•Tenantisasuccessfulwholly-ownedsubsidiaryofEssilorInternationalandthetenanthasbeensuccessfullyoperatingfor45 yearsasanindustryleader
•EssilorInternationalisapubliclytradedcompanyontheEuronextParisStock Exchange(EI.PA)withamarketcapitalizationinexcessof€17billion
•ClassicOpticalLaboratorieshasoperatedatthislocationsince1982
•2,000eyeglassesperdayareproducedatthesitewiththecapacitytoexpandto 10,000perday
•LocatedacrossthestreetfromaWalmartSupercenteranchoredshoppingcenter
•CloseproximitytotheInterstate80&Highway11/711interchange
•LocatedintheimmediatevicinitytoaccesstoInterstate80
•Four3-yearrenewaloptionperiodswithrentalescalationsineach
•EssilorInternationalistheworldleaderforcorrectivelenseswithoperationsin54countries
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
![Page 5: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/5.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Price: $2,595,000
CapRate: 9.25%
RentSchedule: NOI EscalationDate
$240,000$247,200 8/1/2018(Option1)$254,616 8/1/2021(Option2)$262,254 8/1/2024(Option3)
RenewalOptions: Four3-YearwithRentalEscalations
LeaseCommencementDate: July3,2013
LeaseExpirationDate: July31,2018
Tenant: ClassicOpticalLaboratories,Inc.
ParentCompany: EssilorInternational(€17BillionMarketCapitalization)
YearBuilt: 1980
YearRenovated: 2012
LeaseType: NN(Roof,Structure&Parking)
BuildingSize: 30,000SF
LandSize: 1.77acres
PROPERTY OVERVIEW
PROPERTY OVERVIEW
![Page 6: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/6.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIAL
AERIAL
N
OHIO STATE ROUTE 11
BELMONT PARKCEMETARY
80
![Page 7: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/7.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
N
BELMO
NT AVEN
UE
![Page 8: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/8.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
MAPS
MAPS
![Page 9: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/9.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Essilor International is a French company that produces ophthalmic lenses along with ophthalmic opticalequipment.HeadquarteredinParis,France,EssilorInternationalispubliclytradedontheEuronextParisStockExchange(EI.PA)withamarketcapitalizationinexcessof€17billion.ThecompanyformedfromthemergerofophthalmicfirmsEsselandSilorin1972.Theynowoperatein54countriesand5continents.Theyaretheworld’slargestmanufacturerofophthalmiclenses.
Essilor USAistheleadingmanufacturerandwholesaledistributorofopticallensesintheUnitedStates.In1996,withtheestablishmentofEssilorLaboratoriesofAmerica,Inc.,Essilorbecamethefirstfullyintegratedopticalcompany in the United States, specializing in ophthalmic lens production,manufacturing, and distribution.ThroughoutAmerica,Essilorhasmorethan8,500employeeslocatedthroughout128prescriptionlaboratories,fourmanufacturingfacilities,twodistributioncentersandoneresearchanddevelopmentcenter.
Classic Optical Laboratories, Inc. has successfully supplied the optical industry with top-quality, low-costeyewear for45 years. Through their centralized,world-class lab located in Youngstown,Ohio, they producethousandsofcustomeyeglasseseverydayanddeliverthemtoEyecareProviders(ECPs)acrossthecountry.Inadditiontotheirmanufacturingbusiness,theymanagehigh-volumecontractsforinsuranceorganizations,ManagedCareOrganizations(MCOs),unionorganizationsandtrustfunds,educationalinstitutions,correctionalfacilities,manufacturing plants, and numerous federal and state government programs. In July 2013, theywerepurchasedbyEssilor Internationalandnowcontinuetooperate inthesamecapacityaswhollyownedsubsidiaryofthepubliclytradedFrenchcompany.
www.classicoptical.com/video.asp
Website: www.essilor.comEmployees: 50,000+NumberofCountries: 100StockSymbol: EuronextParisStockExchange:EI.PAMarketCapitalization: €17Billion
TENANT PROFILE
TENANT PROFILE
![Page 10: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/10.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Population 3-mi 5-mi 7-mi
TotalPopulation 35,873 90,689 180,689TotalHouseholds 14,257 37,374 76,025
Income
AverageHouseholdIncome $44,721 $42,744 $44,305
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
![Page 11: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/11.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Youngstown isacityinnortheastOhioandisthecountyseatofMahoningCounty.Youngstownis located approximately 65 miles southeast of Cleveland and 61 miles northwest ofPittsburgh.Youngstownhasitsownmetropolitanarea,butisoftenincludedincommercialandculturaldepictionsofthePittsburghTri-StateareaandGreaterCleveland.Youngstownlies ten miles west of the Pennsylvania state line, midway between New York City andChicagoalongInterstate80.YoungstownistheninthlargestcityinOhiowitha2010censuspopulationof66,982people.Additionally,thereareover565,000peoplelivingwithintheYoungstownMSA.It ishometoYoungstownStateUniversity,anurbanpubliccampusthat
servesapproximately15,000studentsandislocatedjustnorthofdowntown.
www.cityofyoungstownoh.com
LOCATION OVERVIEW
LOCATION OVERVIEW
![Page 12: Single Tenant Property For Sale](https://reader034.vdocument.in/reader034/viewer/2022051513/547d0ce2b4af9fd1338b47f8/html5/thumbnails/12.jpg)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]
CONTACT INFORMATION
CONTACT INFORMATION