OFFERING MEMORANDUM - SIG · OFFERING SUMMARY ADDRESS 515 E Roosevelt Rd Little Rock, AR 72206...

OFFERING MEMORANDUMNet Lease Investment Opportunities | Sold Individually or as a Portfolio

12776 US Hwy 61 N | Robinsonville, MSActual Property Image | Little Rock, AR

515 E Roosevelt Rd | Little Rock, AR

JDS Real Estate Services, Inc.

03 INVESTMENT SUMMARY• Investment Summaries

04 LITTLE ROCK, AR• Investment Highlights• Lease Summary• Location, Aerial & Retail Maps• City Overview

10 ROBINSONVILLE, MS• Investment Highlights• Lease Summary• Location, Aerial & Retail Maps• City Overview

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Exclusively Marketed By:

© 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands InvestmentGroup does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibilityof each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and allprojections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance theseprojections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interestedbuyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.

Sands Investment Group1017 Chuck Dawley Blvd, Suite 200

Mount Pleasant, SC 29464844.4.SIG.NNN

www.SIGnnn.com

Jeff AschierisLic # 98467

843.410.2706 | [email protected]

Actual Property Image | Little Rock, AR

TENANT OVERVIEW• Tenant Profile• Rent Roll

Jennifer D. SteinMS Lic # 21201

AR Lic # PB00076638


In Cooperation with JDS Real Estate Investment Services, Inc.

John KerrLic # 01996892


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OFFERING SUMMARY

PRICE $1,625,000

CAP 5.31%

NOI $86,400

PRICE PER SF $250

YEARS REMAINING ~14 Years

LEASE GUARANTY AutoZone, Inc3

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OFFERING SUMMARY

PRICE $1,250,000

CAP 5.34%

NOI $66,792

PRICE PER SF $259.23

YEARS REMAINING ~9 Years

LEASE GUARANTY AutoZone, Inc

ROBINSONVILLE, MS

TOTAL INVESTMENT

PRICE $2,875,000

NOI $153,192

PRICE PER SF $253.93

LITTLE ROCK, AR

Sold Individually or as a Portfolio

Actual Property Image

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OFFERING SUMMARY

ADDRESS515 E Roosevelt Rd

Little Rock, AR 72206

COUNTY Pulaski

BUILDING AREA 4,822

LAND AREA 0.30 Acres

LITTLE ROCK, AR

• AutoZone Executed an Early Lease Extension Showing Strong Dedication to the Site

• NN Lease with Minimal Responsibilities with Three (3) x Five (5) Year Renewal Options

• Tenant has Been Operating at this Location Since 2002

• Site Located on Highly Traveled Interstate 30 with 94,000 Vehicles Per Day

• Strategically Located on Interstate 30 Providing Great Visibility to Thoroughfare of 94,000 VPD with ConvenientOn/Off Ramp Access

• Daytime Employment of 290,000 and an Average Household Income of $64,300 Within a 10-Mile Radius of Site

• AutoZone is the Second Largest Retailer of Aftermarket Automotive Parts and Accessories in the United Statesand has an Annual Revenue of $10.64 Billion

• Over 6,000 AutoZone Retail Stores Across the United States, Puerto Rico, Mexico and Brazil

• Nearby Tenants Include: O’Reilly Auto Parts, Family Dollar, Shell, Exxon, Kroger and Dollar Tree

LEASE SUMMARY

TENANT AutoZone

PREMISES A Building of Approximately4,822 SF

LEASE COMMENCEMENT December 10, 2002

LEASE EXPIRATION June 30, 2026

LEASE TERM ~9 Years Remaining

RENEWAL OPTIONS 3 x 5 Year Options

RENT INCREASES 5% At Each Option

LEASE TYPE NN Lease

USE Auto Parts Store

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

SNOW & ICE Tenant’s Responsibility125

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Little Rock Police Department

Mann MagnetMiddle School

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SUBJECT PROPERTY DEMOGRAPHICS

3 Mile 5 Mile 10 Mile

Population 29,072 95,510 285,436

Average Household Income $43,556 $54,108 $64,308

E Roosevelt Rd

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RLittle Rock is the capital and the most populouscity of the U.S state of Arkansas. It is also thecounty seat of Pulaski County with a populationof 198,541 in 2016. It is a part of the Little Rock-North Little Rock- Conway, AR MetropolitanStatistical Area (MSA), which is ranked 75th interms of population in the United States with734,622 residents in 2016. Two Interstatehighways, Interstate 30 and Interstate 40, meetin Little Rock, with the Port of Little Rock servingas a shipping hub.

The city Of Little Rock is serves as theheadquarters for Dillard’s, WindstreamCommunications, Acxiom, Stephens Inc.,University of Arkansas for Medical Sciences,Heifer International, the Clinton Foundation, andthe Rose Law Firm. Other large corporationssuch as Dassault Falcon Jet and LM Wind Powerhave large operations in the city.

Little Rock is a cultural, economic, government,and transportation center within Arkansas andthe South. Situated on the Arkansas River banks,downtown Little Rock is anchored by abeautifully restored and renovated RobinsonCenter Performance Hall and the WilliamJefferson Clinton Presidential Center and Park.Several cultural institutions are in Little Rockincluding the Arkansas Art Center, the ArkansasRepertory Theatre, and the Arkansas SymphonyOrchestra, in addition to the hiking, boating,museums and other outdoor recreationalopportunities.

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OFFERING SUMMARY

ADDRESS 12776 US Hwy 61 NRobinsonville, MS 38664

COUNTY Tunica

BUILDING AREA 6,500 SF

LAND AREA 1.04 ACRES

YEAR BUILT 2016

ROBINSONVILLE, MS

• 2016 Build-to-Suit AutoZone with a 15 Year Lease

• Double Net (NN) Lease with Minimal Landlord Responsibilities

• Four (5) Year Renewal Options

• 5% Rent Increase in Lease Year 11 and 10% Rent Increase at Options 2-4

• Located Near Multiple Casino Properties - Tunica County Ranks in the Top Six Nationwide For GamblingRevenues

• Daytime Employee Population is 7,716 Within a 10-Mile Radius

• Signalized Intersection on Hwy 61 and Casino Center Drive – 9,000 VPD

• AutoZone is the Second Largest Retailer of Aftermarket Automotive Parts and Accessories in the UnitedStates and has an Annual Revenue of $10.64 Billion

• Over 6,000 AutoZone Retail Stores Across the United States, Puerto Rico, Mexico and Brazil


LEASE SUMMARY

TENANT AutoZone

PREMISES A Building of Approximately6,500 SF

LEASE COMMENCEMENT February 13, 2016

LEASE EXPIRATION February 12, 2031

LEASE TERM ~14 Years Reaming

RENEWAL OPTIONS 4 x 5 Year Options

RENT INCREASES 5% in Year 11 and10% At Options 2-4

LEASE TYPE NN Lease

USE Auto Parts Store

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL Yes1211

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SUBJECT PROPERTY DEMOGRAPHICS3 Mile 5 Mile 10 Mile

Population 3,113 4,068 10,027

Average Household Income $44,946 $44,973 $52,37513

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Keller’s PawnHWY 61(9,000 VPD)

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Formerly known as Robinsonville, Tunica Resorts isan unincorporated community and census-designatedplace in northern Tunica County, Mississippi, north of thecounty seat of Tunica. The community is situated mostlybetween the Mississippi River and U.S. Route 61 along theborder of Arkansas. Robinsonville is approximately 20miles from Downtown Memphis and is part ofthe Memphis, TN–MS–AR Metropolitan Statistical Area.The census defined combined statistical area covers tencounties in three states – Tennessee, Mississippi,and Arkansas with a population of 1,324,108.

Robinsonville is ranked as the third-largest casino-gambling destination in the United States, as measured bygaming revenue, behind Las Vegas, NV and Atlantic City,NJ. Its casinos attract tourists mainly fromnearby Memphis, but also draw visitors from Mississippi,Tennessee, Arkansas, Alabama, Missouri, Georgia, Illinoisand Kentucky. Businesses other than the casinos include asmall number of motels, convenience stores and fastfood restaurants, along with an outlet-style shoppingcenter, and the community's oldest business, theHollywood Café.

The Memphis area enjoys a diverse and robust economy.Well positioned on America's largest river and locatednear the population center of the United States; Memphisis known as America's distribution hub. FedEx isheadquartered in Memphis and uses the MemphisInternational Airport as its global super-hub facility makingthe airport the busiest cargo airport in the United States.The area is also home to one of the United States largestintermodal logistics centers. The Mid-South is also hometo many fortune 500 and 1000 companies such asAutoZone, Regions Bank, ServiceMaster, BUPERS, FirstTennessee and International Paper. Furthermore,companies such as Nike, Baskin Robbins, Sharp, andHewlett Packard operate large distribution centers out ofMemphis.15

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For more than 30 years, AutoZone has been committed toproviding the best parts, prices and customer service inthe automotive aftermarket industry. We have a richculture and history of going the Extra Mile for ourcustomers and our community.

AutoZone is the nation's leading retailer and a leadingdistributor of automotive replacement parts andaccessories with more than 6,000 stores in US, PuertoRico, Mexico, and Brazil. Each store carries an extensiveline for cars, sport utility vehicles, vans and light trucks,including new and remanufactured hard parts,maintenance items and accessories. Since opening its firststore in Forrest City, Arkansas on July 4, 1979, thecompany has joined the New York Stock Exchange (NYSE:AZO) and earned a spot in the Fortune 500.

COMPANY TYPENYSE: AZO

# OF LOCATIONS6,000+

MARKET CAP$19.9 Billion

HEADQUARTERSMemphis, TN

FOUNDED1979

WEBSITEautozone.com

Actual Property Image | Robinsonville, MS

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% OF TOTAL

ANNUALBASE RENT

RENT / SF

RENTALINCREASE

LEASEBEGIN

LEASE END OPTIONS

Little Rock, AR 4,822 SF 100% $66,792 $13.85 5% at Each Option 12/10/2002 06/30/2026 3 x 5 Years

Robinsonville, MS 6,500 SF 100% $86,400 $13.29 5% in Year 11 &10% at Options 2-4 02/13/2016 02/12/2031 4 x 5 Years

Pylon Sign (Little Rock, AR) - - $2,904 - None 05/01/2003 05/01/2018 None

TOTAL 11,322 SF $156,096

Actual Property Image | Little Rock, AR

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The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed onlyby the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the writtenconsent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only apreliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation,with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size andsquare footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliancewith State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects ofany tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, SandsInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conductedany investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness ofthe information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contents areof confidential nature, that you will hold and treat it in the strictest confidence and thatyou will not disclose its contents in any manner detrimental to the interest of theOwner. You also agree that by accepting this Memorandum you agree to releaseSands Investment Group and hold it harmless from any kind of claim, cost, expense, orliability arising out of your investigation and/or purchase of this property.

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JDS Real Estate Services, Inc.Exclusively Marketed By:

Sands Investment Group1017 Chuck Dawley Blvd, Suite 200

Mount Pleasant, SC 29464844.4.SIG.NNN

www.SIGnnn.com

Jeff AschierisLic # 98467


Jennifer D. SteinMS Lic # 21201

AR Lic # PB00076638


In Cooperation with JDS Real Estate Investment Services, Inc.

John KerrLic # 01996892


Actual Property Image | Robinsonville, MS

OFFERING MEMORANDUM - SIG · OFFERING SUMMARY ADDRESS 515 E Roosevelt Rd Little Rock, AR 72206...

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Transcript of OFFERING MEMORANDUM - SIG · OFFERING SUMMARY ADDRESS 515 E Roosevelt Rd Little Rock, AR 72206...