Christian Brothers - Carrollton, TX

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Transcript of Christian Brothers - Carrollton, TX

  • CARROLLTON, TX

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    CHRISTIAN BROTHERS AUTOMOTIVE - CARROLLTON

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    PRICING & FINANCIAL ANALYSIS

    CBAC - Carrollton

    Lease summaryLease Term 15 Years

    Lease Commencement 5/4/2010

    Lease Expiration 10/31/2024

    Remaining Term 8.5 Years

    Lease Type NNN

    Roof & Structure Tenant

    Increases Annually

    Options 5 x 10

    Options to Purchase None

    Offering summaryPrice $2,607,000

    Cap Rate 6.50%

    Net Operating Income $169,484

    Year Built 2009

    Gross Leasable Area 4,790 SF

    Lot Size 0.73 Acres

    annualized Operating dataYears Commencement Annual Rent Increase

    1 5/4/2010 $155,000 -

    2 5/1/2011 $157,325 1.50%

    3 5/1/2012 $159,685 1.50%

    4 5/1/2013 $162,080 1.50%

    5 5/1/2014 $164,511 1.50%

    6 5/1/2015 $166,979 1.50%

    7 5/1/2016 $169,484 1.50%

    8 5/1/2017 $172,026 1.50%

    9 5/1/2018 $174,606 1.50%

    10 5/1/2019 $177,225 1.50%

    11 5/1/2020 $179,884 1.50%

    12 5/1/2021 $182,582 1.50%

    13 5/1/2022 $185,321 1.50%

    14 5/1/2023 $188,101 1.50%

    15 5/1/2024 $190,922 1.50%

    Option 1: 16-25 11/1/2024 $193,786 1.50% Ann.

    Option 2: 26-35 11/1/2034 $224,897 1.50% Ann.

    Option 3: 36-45 11/1/2044 $261,002 1.50% Ann.

    Option 4: 46-55 11/1/2054 $302,903 1.50% Ann.

    Option 5: 56-65 11/1/2064 $351,531 1.50% Ann.

    Net OperatiNg iNcOme $172,026

    4121 TX-121Carrollton, TX 75010

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    CHRISTIAN BROTHERS AUTOMOTIVE - CARROLLTON

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    TENANT & LEASE INFORMATION

    Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They havent changed their focus in thirty years. They still have some of the original employees on board, and they still believe that its possible to provide the best auto repair service with the best customer service. In 2008, Christian Brothers announced a growth initiative that would take their brand to approximately 200 stores throughout the southeast, lower midwest and southwest United States by 2017.

    tenant summaryTenant Christian Brothers Automotive

    Ownership Private

    Market Cap See Agent For Details

    Sales Volume See Agent For Details

    Number of Locations 125+

    Years In Business 30+ Years

    Headquarters Houston, TX

    Website www.cbac.com

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    CHRISTIAN BROTHERS AUTOMOTIVE - CARROLLTON

    This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    INVESTMENT HIGHLIGHTS

    Long-Term Absolute Triple-Net Lease

    Zero Landlord Responsibility

    15-Year Primary Term with Options up to 65 Years

    One and One-Half Percent Annual Rent Escalations

    Strong Corporate Guarantee

    Over 222,000 People within a Five-Mile Radius - A 28% Population Increase Since 2000

    Average Household Income within a Five-Mile Radius is 1.3x the National Average

    Traffic Counts Along Sam Rayburn Tollway (TX-121) are Over 114,000 Vehicles Per Day

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    5This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    CHRISTIAN BROTHERS AUTOMOTIVE - CARROLLTONELEVATION

    Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location.

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    6This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    CHRISTIAN BROTHERS AUTOMOTIVE - CARROLLTONSITE PLAN

    Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location.

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    7This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    CHRISTIAN BROTHERS AUTOMOTIVE - CARROLLTONAERIAL MAP

    Creek ValleyMiddleSchool Valley

    ElementarySchool

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    8This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    CHRISTIAN BROTHERS AUTOMOTIVE - CARROLLTONLOCAL MAP

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    9This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2015 Vitorino Group

    CHRISTIAN BROTHERS AUTOMOTIVE - CARROLLTONREGIONAL MAP

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    10This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the c