La Fayette ABC Package

8/14/2019 La Fayette ABC Package

1/12

Smith Attawa

ABC Liquor StoreLa Fayette, Alabama

Investment Overview

Representational Picture

Transactional Excellence


2/12

ABCTable of Contents

Pages Section Title

1 Asset Overview

2 Asset Financials

3 Lease/Tenant Overview4 Financing Terms

5 Comparables

6 Investment/Location Highlights

The information herein is believed to be true, however Smith Attaway LLC will not represent any information

herein. It is up to Individual investors to VERIFY ALL information prior to making an investment decision


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Deal Overview

The Subject property is a Property is a ABC Beverage Store located in the Lafayette, AL MSA. Specifically

Lafayette, AL, Which is located South of Hogansville in Chambers County. The property was developed for ABC

Beverage in the spring 2008. In the Year and a Half that the store has been open it has become a top store in the Stateof Alabama (there are 190 total store in AL), in terms of store sales.

The Lease is guaranteed by the State of Alabama through June 2017. ABC Beverage is a major revenue generator for

the state of Alabama. As with all state guaranteed leases should the state default the Guarantor becomes the United

States Treasury. Additionally the state signed a 15 year lease on the property with a rent increase in the original term

after Year 8. You know only have a strong guarantor but you also have your net operating income growing during the

initial term. There are two five year options at the end of the lease term with 10% increases.

The Things the Buyer is going to need to get comfortable with are as follows:

1.) Flat 15 Year Lease- With the 15 year lease the government has one out and that is if they get out of the liquor

business. This is most likely never going to happen as its generates a significant portion of the states revenue.

2.) Location: Lafayette Alabama is a very small town located about 20 minutes over the Georgia State line. At the

Georgia line 20 minutes away KIA has opened up a large manufacturing facility. This not only means customers for

the ABC store, but it also means wholesale business. A normal ABC Beverage store is 2,800 square feet. This one is

3,200 because Lafayette does so wholesale business. They actually left there old building and developed this store to

meet the demand.

On the following pages you will find a detailed financial overview of this asset including information on both ABC

Beverage. Should you have any further questions please feel free to contact us. Thank you for your interest and we

look forward to hearing from you in the near future

Best regards,

Andrew Ackerman

Co-Founder/President

Smith Attaway Company

(770)842-6904

The information herein is believed to be true, however Smith Attaway LLC will not represent any information herein. It is up to Individual investors to

VERIFY ALL information prior to making an investment decision


4/12

Financial & Tenant Summary

Net Operating Income

Expenses

Effective Gross Income

Square Feet

Price Per Square Foot

Cap RatePrice $530,000

8.00%

$42,400

Loan Summary

Financial Summary

Loan to Value 75%

$166

3,200

$44,800

$2,400

Down PaymentInterest Rate

Amortization (Years)

Term (Years)

Annual Debt Service

Cash flow after Debt Service $5,418

36,982

5

20

7.00%$397,499

4.09%Cash on Cash Return

Tenant Summary

Tenant Name:Corporate Guarantee

Publicly Traded

Years in Business

Number of Locations

Credit Rating A+

196

190 Years

No

NoABC

5/7/2008Lease Commencement

Lease Summary

Lease Type

Rent Increases during Option periodsOption Periods (With CPI Increase)

Lease Expiration 5/6/2023

Two (2) X Five (5) year options10%

Triple Net (NNN)

The information herein is believed to be true, however Smith Attaway LLC will not represent any information herein. It is up to

Individual investors to VERIFY ALL information prior to making an investment decision


5/12

Lease Overview

Tenant Name ABC

Building Size (Sqft) 3,200

$44,800

$14.00

5/7/2008

5/6/2023

15.00

13

No

Yes

196

196

Yes

$4.1 Billion

$1.8 Billion

Gross

Landscaping

Roof, Structure & Parking lot, Taxes, Insurance

5/7/2008

Annual Rent

Rent Per Square foot

Lease Commencement

Lease Expiration

Lease Term

Term Remaining on lease (Years)

Franchisee/licensee

Corporate Guarantee

Number of Stores

Number of Company Owned

Publicly Traded

Net Worth

Sales Revenue

Lease Type

Tenant Responsibility

Landlord Responsibility

Year Built

The information herein is believed to be true, however Smith Attaway LLC will not represent any information herein. It is up to

Individual investors to VERIFY ALL information prior to making an investment decision


6/12

Leverage: 75%

Price $530,000

Equity Required: 25% $397,499

Loan Amount $132,501

Prime Interest Rate 3.25%

Add'l BP 3.75%Interest Rate 7.00%

Term 5

Amortization 20

Origination Fee $3,975

Debt Coverage Ratio 1.15

Annual Debt Service $36,982

Cash Flow After Debt Service $5,418.24

Cash on Cash Return 4.09%

*** Loan information may vary depending on the financial strength of the purchaser and the

financial markets fluctuating all perspective purchasers should speak to their bankers to obtain

an accurate loan quote.

Prospective Loan

The information herein is believed to be true, however Smith Attaway LLC will not represent any information herein. It

is up to Individual investors to VERIFY ALL information prior to making an investment decision


7/12

Cap Rate Comparison

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Subject Property Stafford, VA ABC Cottondale, AL ABC lincolnton, AL ABC 0 0 0

Property

CapRate

Lease Term Remaining Comparison

0

2

4

6

8

10

12

1416


Property

LeaseTermRemaining

Price Per Square Foot Comparison

$0.00

$100.00

$200.00

$300.00

$400.00

$500.00


Property

PricePerSF

Rent Comprables

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00


Property

RentPerSF

The information herein is believed to be true, however Smith Attaway LLC will not represent any information herein. It is up to Individual investors to VERIFY ALL information prior tomaking an investment decision


8/12

Investment Highlights

State of Alabama Guarantee

(Backed by US treasurey) Rare 15 Year government lease

Strong store sale Brand New Construction

Wholesale as well as retail facility Rent increase after year 7

Location Highlights

Located on GA/AL boarder by

New KIA Plant No ABC Competition

Excellent Visibility and parking Strong Middle Class demographics

0




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G r a p h i c P r o f i l e C e n s u s , E s t i m a t e s & P r o j e c t i o n s

O c t o b e r 2 0 0 8 L o n : - 8 5 . 4 1 0 0 9 1 / L a t : 3 2 . 8 8 3 4 3 9

- 8 5 . 4 1 0 0 9 1 , 3 2 . 8 8 3 4 3 9 1 . 0 0 M i l e 3 . 0 0 M i l e s 5 . 0 0 M i l e s

P o p u l a t i o n

P o p u l a t i o n ( 1 9 9 0 ) 2 3 4 1 , 7 6 0 3 , 6 5 5

P o p u l a t i o n ( 2 0 0 0 ) 2 4 5 1 , 8 3 0 3 , 7 4 0

E s t i m a t e d P o p u l a t i o n ( 2 0 0 8 ) 2 3 5 1 , 7 4 1 3 , 5 4 4

P r o j e c t e d P o p u l a t i o n ( 2 0 1 3 ) 2 2 9 1 , 6 8 7 3 , 4 2 5

F o r c a s t e d P o p u l a t i o n ( 2 0 1 8 ) 2 2 0 1 , 6 0 7 3 , 2 4 9

H i s t o r i c a l A n n u a l G r o w t h ( 1 9 9 0 - 2 0 0 0 ) 1 0 0 . 4 % 7 0 0 . 4 % 8 5 0 . 2 %

H i s t o r i c a l A n n u a l G r o w t h ( 2 0 0 0 - 2 0 0 8 ) - 1 0 - 0 . 5 % - 8 9 - 0 . 6 % - 1 9 6 - 0 . 7 %

H i s t o r i c a l A n n u a l G r o w t h ( 2 0 0 8 - 2 0 1 3 ) - 6 - 0 . 5 % - 5 4 - 0 . 6 % - 1 1 9 - 0 . 7 %

E s t . P o p u l a t i o n D e n s i t y ( 2 0 0 8 ) 7 5 . 5 3 p s m 6 2 . 1 9 p s m 4 5 . 4 8 p s m

T r a d e A r e a S i z e 3 . 1 1 s q m i 2 8 . 0 0 s q m i 7 7 . 9 1 s q m i

R a c e & E t h n i c i t y ( 2 0 0 8 )

N o n H i s p a n i c : W h i t e 7 2 3 0 . 5 % 6 1 8 3 5 . 5 % 1 , 3 5 9 3 8 . 3 %

N o n H i s p a n i c : B l a c k / A f r i c a n A m e r i c a n 1 6 0 6 7 . 9 % 1 , 0 9 0 6 2 . 6 % 2 , 1 1 0 5 9 . 5 %

N o n H i s p a n i c : A s i a n & P a c i f i c I s l a n d e r 0 0 . 0 % 1 0 . 1 % 4 0 . 1 %

N o n H i s p a n i c : A m e r I n d i a n & A K N a t i v e 0 0 . 0 % 0 0 . 0 % 1 0 . 0 %

N o n H i s p a n i c : O t h e r R a c e 1 0 . 3 % 8 0 . 5 % 2 0 0 . 6 %

H i s p a n i c : W h i t e 1 0 . 3 % 9 0 . 5 % 2 1 0 . 6 %

H i s p a n i c : B l a c k / A f r i c a n A m e r i c a n 2 0 . 8 % 1 4 0 . 8 % 2 9 0 . 8 %

H i s p a n i c : A s i a n & P a c i f i c I s l a n d e r 0 0 . 0 % 0 0 . 0 % 0 0 . 0 % H i s p a n i c : A m e r I n d i a n & A K N a t i v e 0 0 . 0 % 0 0 . 0 % 0 0 . 0 %

H i s p a n i c : O t h e r R a c e 0 0 . 0 % 0 0 . 0 % 0 0 . 0 %

D e m o g r a p h i c S o u r c e : A p p l i e d G e o g r a p h i c S o l u t i o n s / T I G E R G e o g r a p h y

1 . 0 0 M i l e

1 9 9 0 2 0 0 0 2 0 0 8 2 0 1 3 2 0 1 8

2 1 0

2 1 5

2 2 0

2 2 5

2 3 0

2 3 5

2 4 0

2 4 5

2 5 03 . 0 0 M i l e s

1 9 9 0 2 0 0 0 2 0 0 8 2 0 1 3 2 0 1 8

1 , 5 0 0

1 , 5 5 0

1 , 6 0 0

1 , 6 5 0

1 , 7 0 0

1 , 7 5 0

1 , 8 0 0

1 , 8 5 0

1 , 9 0 0 5 . 0 0 M i l e s

1 9 9 0 2 0 0 0 2 0 0 8 2 0 1 3 2 0 1 8

3 , 1 5 0 3 , 2 0 0 3 , 2 5 0 3 , 3 0 0 3 , 3 5 0 3 , 4 0 0 3 , 4 5 0 3 , 5 0 0 3 , 5 5 0 3 , 6 0 0 3 , 6 5 0 3 , 7 0 0 3 , 7 5 0 3 , 8 0 0

1 . 0 0 M i l e

6 8 %0 %

3 1 %

0 %1 %0 %

3 . 0 0 M i l e s

6 3 %

0 %

3 5 %

0 %1 %0 %

5 . 0 0 M i l e s

N H B l a c k

N H A s i a n

N H W h i t e

N H A m e r I n d i a n

H i s p a n i c s

N H O t h e r R a c e

6 0 %

0 %

3 8 %

0 %1 %1 %


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O c t o b e r 2 0 0 8 L o n : - 8 5 . 4 1 0 0 9 1 / L a t : 3 2 . 8 8 3 4 3 9

- 8 5 . 4 1 0 0 9 1 , 3 2 . 8 8 3 4 3 9 1 . 0 0 M i l e 3 . 0 0 M i l e s 5 . 0 0 M i l e s

A g e D i s t r i b u t i o n ( 2 0 0 8 )

T o t a l P o p u l a t i o n 2 3 5 1 , 7 4 1 3 , 5 4 4

A g e 0 t o 4 y r s 1 2 5 . 1 % 9 4 5 . 4 % 1 9 1 5 . 4 %

A g e 5 t o 9 y r s 1 4 6 . 0 % 1 0 7 6 . 2 % 2 1 3 6 . 0 %

A g e 1 0 t o 1 4 y r s 1 4 6 . 0 % 1 1 0 6 . 3 % 2 2 8 6 . 4 %

A g e 1 5 t o 1 9 y r s 1 7 7 . 4 % 1 3 1 7 . 5 % 2 6 6 7 . 5 %

A g e 2 0 t o 2 4 y r s 1 6 6 . 9 % 1 2 3 7 . 0 % 2 4 9 7 . 0 %

A g e 2 5 t o 2 9 y r s 1 5 6 . 2 % 1 0 3 5 . 9 % 1 9 8 5 . 6 %

A g e 3 0 t o 3 4 y r s 1 4 5 . 8 % 1 0 0 5 . 7 % 2 0 2 5 . 7 %

A g e 3 5 t o 3 9 y r s 1 3 5 . 7 % 9 8 5 . 6 % 2 0 0 5 . 7 %

A g e 4 0 t o 4 4 y r s 1 6 7 . 0 % 1 2 5 7 . 2 % 2 6 0 7 . 3 %

A g e 4 5 t o 4 9 y r s 1 6 6 . 9 % 1 1 8 6 . 8 % 2 4 1 6 . 8 %

A g e 5 0 t o 5 4 y r s 1 4 5 . 8 % 1 0 2 5 . 9 % 2 1 6 6 . 1 %

A g e 5 5 t o 5 9 y r s 1 1 4 . 9 % 9 5 5 . 5 % 2 1 0 5 . 9 %

A g e 6 0 t o 6 4 y r s 1 4 6 . 0 % 1 0 1 5 . 8 % 2 0 5 5 . 8 %

A g e 6 5 t o 6 9 y r s 9 3 . 9 % 7 3 4 . 2 % 1 5 6 4 . 4 %

A g e 7 0 t o 7 4 y r s 9 3 . 7 % 6 3 3 . 6 % 1 3 4 3 . 8 %

A g e 7 5 t o 7 9 y r s 8 3 . 6 % 5 9 3 . 4 % 1 1 8 3 . 3 %

A g e 8 0 t o 8 4 y r s 6 2 . 5 % 4 4 2 . 5 % 9 2 2 . 6 %

A g e 8 5 y r s p l u s 1 6 6 . 6 % 9 5 5 . 4 % 1 6 4 4 . 6 %

M e d i a n A g e 3 9 . 5 y r s 3 8 . 9 y r s 3 9 . 1 y r s

M a l e F e m a l e

0 - 4

5 - 9

1 0 - 1 4

1 5 - 1 9

2 0 - 2 4

2 5 - 2 9

3 0 - 3 4

3 5 - 3 9

4 0 - 4 4

4 5 - 4 9

5 0 - 5 4

5 5 - 5 9

6 0 - 6 4

6 5 - 6 9

7 0 - 7 4

7 5 - 7 9

8 0 - 8 4

8 5 +

M a l e F e m a l e

0 - 4

5 - 9

1 0 - 1 4

1 5 - 1 9

2 0 - 2 4

2 5 - 2 9

3 0 - 3 4

3 5 - 3 9

4 0 - 4 4

4 5 - 4 9

5 0 - 5 4

5 5 - 5 9

6 0 - 6 4

6 5 - 6 9

7 0 - 7 4

7 5 - 7 9

8 0 - 8 4

8 5 +

M a l e F e m a l e

0 - 4

5 - 9

1 0 - 1 4

1 5 - 1 9

2 0 - 2 4

2 5 - 2 9

3 0 - 3 4

3 5 - 3 9

4 0 - 4 4

4 5 - 4 9

5 0 - 5 4

5 5 - 5 9

6 0 - 6 4

6 5 - 6 9

7 0 - 7 4

7 5 - 7 9

8 0 - 8 4

8 5 +


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O c t o b e r 2 0 0 8 L o n : - 8 5 . 4 1 0 0 9 1 / L a t : 3 2 . 8 8 3 4 3 9

- 8 5 . 4 1 0 0 9 1 , 3 2 . 8 8 3 4 3 9 1 . 0 0 M i l e 3 . 0 0 M i l e s 5 . 0 0 M i l e s

H o u s e h o l d T y p e ( 2 0 0 8 )

T o t a l H o u s e h o l d s 8 0 6 3 3 1 , 3 5 2

F a m i l y H o u s e h o l d s 5 4 6 8 . 2 % 4 3 1 6 8 . 1 % 9 2 1 6 8 . 1 %

F a m i l y H o u s e h o l d s W i t h C h i l d r e n 3 0 5 4 . 7 % 2 2 7 5 2 . 7 % 4 6 6 5 0 . 6 %

F a m i l y H o u s e h o l d s N o C h i l d r e n 2 5 4 5 . 3 % 2 0 4 4 7 . 3 % 4 5 5 4 9 . 4 %

N o n - F a m i l y H o u s e h o l d s 2 5 3 1 . 8 % 2 0 2 3 1 . 9 % 4 3 1 3 1 . 9 %

N o n - F a m i l y W i t h C h i l d r e n 0 0 . 6 % 2 1 . 0 % 4 0 . 9 %

N o n - F a m i l y N o C h i l d r e n 2 5 9 9 . 4 % 2 0 0 9 9 . 0 % 4 2 7 9 9 . 1 %

E d u c a t i o n a l A t t a i n m e n t ( 2 0 0 8 )

E l e m e n t a r y o r S o m e H i g h S c h o o l 6 9 4 2 . 8 % 4 7 8 4 0 . 7 % 9 4 1 3 9 . 3 %

H i g h S c h o o l G r a d u a t e 4 7 2 9 . 4 % 3 6 4 3 0 . 9 % 7 5 3 3 1 . 4 %

S o m e C o l l e g e o r A s s o c i a t e s D e g r e e 3 2 2 0 . 0 % 2 2 3 1 9 . 0 % 4 5 7 1 9 . 1 %

B a c h e l o r o r G r a d u a t e D e g r e e 1 3 7 . 9 % 1 1 1 9 . 4 % 2 4 6 1 0 . 2 %

H o u s e h o l d I n c o m e ( 2 0 0 8 )

E s t . A v e r a g e H o u s e h o l d I n c o m e $ 3 8 , 6 2 3 $ 3 7 , 3 3 0 $ 3 6 , 5 6 4

E s t . M e d i a n H o u s e h o l d I n c o m e $ 2 5 , 2 3 1 $ 2 8 , 4 6 8 $ 3 0 , 3 1 3

H H I n c o m e $ 0 t o $ 9 , 9 9 9 2 0 2 4 . 8 % 1 3 9 2 2 . 0 % 2 7 5 2 0 . 4 %

H H I n c o m e $ 1 0 , 0 0 0 t o $ 3 4 , 9 9 9 2 8 3 5 . 6 % 2 2 3 3 5 . 2 % 4 7 5 3 5 . 1 %

H H I n c o m e $ 3 5 , 0 0 0 t o $ 4 9 , 9 9 9 1 3 1 6 . 6 % 1 0 3 1 6 . 2 % 2 1 5 1 5 . 9 %

H H I n c o m e $ 5 0 , 0 0 0 t o $ 7 4 , 9 9 9 1 2 1 4 . 9 % 1 0 0 1 5 . 8 % 2 2 2 1 6 . 4 %

H H I n c o m e $ 7 5 , 0 0 0 t o $ 9 9 , 9 9 9 3 3 . 7 % 4 2 6 . 6 % 1 0 8 8 . 0 %

H H I n c o m e $ 1 0 0 , 0 0 0 t o $ 1 4 9 , 9 9 9 2 2 . 4 % 1 4 2 . 2 % 3 2 2 . 4 %

H H I n c o m e $ 1 5 0 , 0 0 0 o r M o r e 2 2 . 1 % 1 3 2 . 0 % 2 5 1 . 8 %

1 . 0 0 M i l e

0

5

1 0

1 5

2 02 5

3 0

3 53 . 0 0 M i l e s

0

5 0

1 0 0

1 5 0

2 0 0

2 5 0

3 0 05 . 0 0 M i l e s

F a m H H w / C h i l d

F a m H H n o C h i l d

N o n - F a m w / C h i l d

N o n - F a m n o C h i l d

05 0

1 0 01 5 02 0 02 5 03 0 03 5 04 0 04 5 05 0 0

1 . 0 0 M i l e

4 3 %

2 9 %

2 0 %

8 %

3 . 0 0 M i l e s

4 1 %

3 1 %

1 9 %

9 %

5 . 0 0 M i l e s

E l e m e n t a r y / S o m e H S

H S G r a d u a t e

S o m e C o l l / A s s o c . D e g r e e

B a c h e l o r / G r a d u a t e D e g r e e

3 9 %

3 1 %

1 9 %

1 0 %

H o u s e h o l d I n c o m e D i s t r i b u t i o n ( i n 1 , 0 0 0 ' s )

1 . 0 0 M i l e

3 . 0 0 M i l e s

5 . 0 0 M i l e s

0 . 0 %5 . 0 %

1 0 . 0 % 1 5 . 0 % 2 0 . 0 %

2 5 . 0 % 3 0 . 0 % 3 5 . 0 % 4 0 . 0 %


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Atlanta, Georgia 30326

Phone: (770)842-6904

Email:[email protected]

Exclusively Listed & Presented By:

The Pinnacle Building3455 Peachtree Rd Suite 500



La Fayette ABC Package

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