TAKE 5 OIL CHANGE GROUND LEASE - LoopNet · 2017-08-31 · TAKE 5 OIL CHANGE GROUND LEASE COLUMBUS,...
12
TAKE 5 OIL CHANGE GROUND LEASE COLUMBUS, OHIO OFFERING MEMORANDUM FILE PHOTO Cushman and Wakefield Inc. LIC. # 00616335 This property is listed in conjunction with Ohio-licensed real estate broker RESGcompanies. $687,855 | 5.50% CAP RATE » New 15-Year Corporate Ground Lease with 10% Rental Increases Every Five Years » High Traffic Location with Immediate Access to Interstate 70 » Hilliard Rome Road – 47,806 AADT » Interstate 70 – 108,204 AADT » Close Proximity to Several Large Retail Plazas Anchored by Major National Tenants » Near Major Employers and New Developments » Take 5 Oil Change is a Subsidiary of Driven Brands, Inc., with $2.1+ Billion in Annual Revenue
Transcript of TAKE 5 OIL CHANGE GROUND LEASE - LoopNet · 2017-08-31 · TAKE 5 OIL CHANGE GROUND LEASE COLUMBUS,...
TAKE 5 OIL CHANGE GROUND LEASECOLUMBUS OHIO
OFFERING MEMORANDUM
FILE PHOTO
Cushman and Wakefield Inc LIC 00616335 This property is listed in conjunction with Ohio-licensed real estate broker RESGcompanies
$ 6 8 7 8 5 5 | 5 5 0 C A P R AT Eraquo New 15-Year Corporate Ground Lease with 10 Rental
Increases Every Five Yearsraquo High Traffic Location with Immediate Access to Interstate 70 raquo Hilliard Rome Road ndash 47806 AADT raquo Interstate 70 ndash 108204 AADTraquo Close Proximity to Several Large Retail Plazas Anchored by
Major National Tenantsraquo Near Major Employers and New Developmentsraquo Take 5 Oil Change is a Subsidiary of Driven Brands Inc
with $21+ Billion in Annual Revenue
Cushman amp Wakefield (ldquoBrokerrdquo) has been retained on an exclusive basis to market the property described herein (ldquoPropertyrdquo) Broker has been authorized by the Seller of the Property (ldquoSellerrdquo) to prepare and distribute the enclosed information (ldquoMaterialrdquo) for the purpose of soliciting offers to purchase from interested parties More detailed financial title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser You are invited to review this opportunity and make an offer to purchase based upon your analysis If your offer results in the Seller choosing to open negotiations with you you will be asked to provide financial references The eventual purchaser will be chosen based upon an assessment of price terms ability to close the transaction and such other matters as the Seller deems appropriate
The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property The Material is not to be copied andor used for any other purpose or made available to any other person without the express written consent of Broker or Seller The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates The pro forma is delivered only as an accommodation and neither the Seller Broker nor any of their respective affiliates agents representatives employees parents subsidiaries members managers partners shareholders directors or officers makes any representation or warranty regarding such pro forma Purchaser must make its own investigation of the Property and any existing or available financing and must independently confirm the accuracy of the projections contained in the pro forma
Seller reserves the right for any reason to withdraw the Property from the market Seller has no obligation express or implied to accept any offer Further Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller in its sole discretion By submitting an offer a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto
Property walk-throughs are to be conducted by appointment only Contact Broker for additional information
DISCLAIMERTABLE OF CONTENTS
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291 wwwYAFteamcom
INVESTMENT OVERVIEW
AERIALS
TENANT SUMMARY
PROPERTY OVERVIEW
AREA OVERVIEW
LOCATION MAP
INVESTMENT SUMMARYNNN GROUND LEASE WITH SCHEDULED RENTAL INCREASESraquo New 15-year corporate absolute NNN lease with no landlord responsibilities
ideal for an out-of-area investor
raquo 10 rental increases every five years providing a hedge against inflation
raquo Building built at tenantrsquos expense demonstrating long-term commitment to the location
HIGH TRAFFIC LOCATION WITH IMMEDIATE ACCESS TO INTERSTATE 70raquo Located just off of Hilliard Rome Road with excellent visibility to 47806
vehicles per day
raquo Convenient access to Interstate 70 ndash 108204 AADT
raquo Central location less than ten miles from downtown Columbus
CLOSE PROXIMITY TO LARGE RETAIL CENTERS AND MAJOR EMPLOYERSraquo Property is near several large retail centers anchored by Walmart
Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket
raquo Located near industrial facilities for several major companies including Big Lots Buckeye Partners Marathon Petroleum Corporation IBM and Hollingsworth Logistics Group
DYNAMIC TENANT SERVING A PRACTICAL NEEDraquo Drive-thru oil change in less than five minutes with the customer remaining
in their vehicle during service
raquo Subsidiary of Driven Brands Inc (over $21 billion in annual sales)
raquo Poised for explosive growth
ADDRESS 1110 Evans Way Court Columbus OhioPRICE $687855
CAP RATE 550
NOI $37832TERM 15 yearsRENT COMMENCEMENT November 1 2016LEASE EXPIRATION October 31 2031
RENTAL INCREASES
10 rental increases every 5 yearsYEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
YEAR BUILT 2017BUILDING SF 1980 SFPARCEL SIZE 069 acres (30056 SF)
LEASE TYPENNN Ground Lease with tenant responsible for all real estate taxes insurance utilities and all necessary maintenance and repairs
FILE PHOTO
Interstate 70 (108204 AADT)
Hilliard Rom
e Road (47806 AA
DT)
Feder Road (24110 AADT)
Tanglewood Plaza
Silver Horn Centre
Roberts Crossing Hilliard Square
The Attleigh(120-Unit Apartment Complex)
Westpoint Plaza
WE LIVE OUTDOORS
The Mall at Tuttle Crossing
Mill Run
Hilliard Shopping Center
Inte
rstat
e 70 (1
08204 A
ADT)
Hilliard Rome Road (47806 AADT)
Fede
r Roa
d (2
411
0 A
AD
T)
John Glenn Columbus International Airport
Industrial Operations
DOWNTOWN COLUMBUS
The Attleigh(120-Unit Apartment Complex)
Great Western
Interstate 70 (108204 AADT) Hill
iard
Rom
e Ro
ad (4
780
6 AA
DT)
Feder Road (24110 AADT)
Hatfield Automall
Lincoln Village Plaza
The Attleigh(120-Unit Apartment Complex)
Georgesville Square
Feder Road (24110 AADT)
Hilliard Rome Road (47806 AADT)
Interstate 70 (108204 AADT)
Westpoint Plaza
WE LIVE OUTDOORS
The Ohio State University Airport
Mill Run
The Attleigh(120-Unit Apartment Complex)
The Mall at Tuttle Crossing
TENANT SUMMARY LEASE ABSTRACT
Take 5 Oil Change began as Rapid Oil Change in 1984 doing minor repairs and maintenance services They currently have 170 locations across nine states in the US including Ohio Lousiana Mississippi North and South Carolina Alabama Florida and Texas In March 2016 Take 5 Oil Change was acquired by Driven Brands a portfolio company of Roark Capital and the nationrsquos leading automotive franchiser Jonathan Fitzpatrick CEO of Driven Brands said the following of Take 5 Oil Change ldquoThey have perfected their process and deliver industry leading customer service Take 5 Oil Change has a phenomenal brand operating model and teamrdquo
For more information visit wwwtake5oilchangecom
Driven Brands is the parent company of North Americarsquos leading automotive brands including Maaco Meineke Merlin Drive N Style Econo Lube Pro Oil Change and Take 5 Oil Change their brands have provided over 130 years of service in the repair maintenance paint and collision sectors Driven Brands has more than 2000 centers across North America and generates revenues of more than $21 billion a year
For more information visit wwwdrivebrandscom
HEADQUARTERS New Orleans LA OF LOCATIONS 270+OWNERSHIP Private YEARS IN BUSINESS 32
HEADQUARTERS Charlotte NC OF LOCATIONS 22000+OWNERSHIP Private
Roark Capital GroupYEARS IN BUSINESS 44
TENANT Take 5 Oil Change Inc
ADDRESS 1110 Evans Way Court Columbus Ohio
RENT COMMENCEMENT November 1 2016
LEASE EXPIRATION October 31 2031
RENEWAL OPTIONS Four (4) five (5) year options
RENTAL INCREASES
YEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
REAL ESTATE TAXES Tenant is responsible for real estate taxes
INSURANCE Tenant is responsible for insurance
REPAIR amp MAINTENANCE
Tenant is responsible for all maintenance including replacement of roof structure and parking lot
UTILITIES Tenant is responsible for all utilities
MAINTENANCE BY LANDLORD None
RIGHT OF FIRST REFUSAL None
PROPERTY OVERVIEWLOCATIONThe property is located on Evans Way Court just off of the intersection of Evans Way Court and Feder Road which experiences a traffic count of 24110 vehicles per day Hilliard Rome Road is just behind the site providing excellent visibility to nearly 48000 vehicles per day Additionally the property is located immediately off of Interstate 70 which runs through downtown Columbus and boasts a traffic count of over 108000 vehicles per day The property is flanked on either side by Steak lsquon Shake and Bob Evans Several large retail centers are across Interstate 70 from the property The centers are anchored by Walmart Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket and feature notable national tenants including Old Navy Michaels Dickrsquos Sporting Goods Marshalls PetSmart Bed Bath amp Beyond and many others
The property benefits from its close proximity to major employers residential neighborhoods and new developments The property is located near the industrial operations of several major companies including Buckeye Partners which employs approximately 1430 employees at its Columbus facility Big Lots Inc also has a large facility located near the property Big Lots employs approximately 1300 people at this location The property is located close to existing residential neighborhoods and new developments The Attleigh a 120-unit apartment complex is being built directly next to the site The Attleigh is expected to deliver in the second quarter of 2017 Additionally the property is located in a densely populated area with 179973 people living within a five-mile radius of the site providing a large customer base for Take 5 Oil Change
ACCESSThere is one access point on Evans Way Court
TRAFFIC COUNTSFeder Road 24110 AADTHilliard Rome Road 47806 AADTInterstate 70 108204 AADT
YEAR RENOVATED2017
NEAREST AIRPORTRickenbacker International Airport (LCK)
2017YEAR RENOVATED
24KTRAFFIC
COUNT (AADT)
NEARESTAIRPORTRICKENBACKERINTERNATIONAL
AIRPORT
FILE PHOTO
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
Cushman amp Wakefield (ldquoBrokerrdquo) has been retained on an exclusive basis to market the property described herein (ldquoPropertyrdquo) Broker has been authorized by the Seller of the Property (ldquoSellerrdquo) to prepare and distribute the enclosed information (ldquoMaterialrdquo) for the purpose of soliciting offers to purchase from interested parties More detailed financial title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser You are invited to review this opportunity and make an offer to purchase based upon your analysis If your offer results in the Seller choosing to open negotiations with you you will be asked to provide financial references The eventual purchaser will be chosen based upon an assessment of price terms ability to close the transaction and such other matters as the Seller deems appropriate
The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property The Material is not to be copied andor used for any other purpose or made available to any other person without the express written consent of Broker or Seller The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates The pro forma is delivered only as an accommodation and neither the Seller Broker nor any of their respective affiliates agents representatives employees parents subsidiaries members managers partners shareholders directors or officers makes any representation or warranty regarding such pro forma Purchaser must make its own investigation of the Property and any existing or available financing and must independently confirm the accuracy of the projections contained in the pro forma
Seller reserves the right for any reason to withdraw the Property from the market Seller has no obligation express or implied to accept any offer Further Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller in its sole discretion By submitting an offer a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto
Property walk-throughs are to be conducted by appointment only Contact Broker for additional information
DISCLAIMERTABLE OF CONTENTS
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291 wwwYAFteamcom
INVESTMENT OVERVIEW
AERIALS
TENANT SUMMARY
PROPERTY OVERVIEW
AREA OVERVIEW
LOCATION MAP
INVESTMENT SUMMARYNNN GROUND LEASE WITH SCHEDULED RENTAL INCREASESraquo New 15-year corporate absolute NNN lease with no landlord responsibilities
ideal for an out-of-area investor
raquo 10 rental increases every five years providing a hedge against inflation
raquo Building built at tenantrsquos expense demonstrating long-term commitment to the location
HIGH TRAFFIC LOCATION WITH IMMEDIATE ACCESS TO INTERSTATE 70raquo Located just off of Hilliard Rome Road with excellent visibility to 47806
vehicles per day
raquo Convenient access to Interstate 70 ndash 108204 AADT
raquo Central location less than ten miles from downtown Columbus
CLOSE PROXIMITY TO LARGE RETAIL CENTERS AND MAJOR EMPLOYERSraquo Property is near several large retail centers anchored by Walmart
Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket
raquo Located near industrial facilities for several major companies including Big Lots Buckeye Partners Marathon Petroleum Corporation IBM and Hollingsworth Logistics Group
DYNAMIC TENANT SERVING A PRACTICAL NEEDraquo Drive-thru oil change in less than five minutes with the customer remaining
in their vehicle during service
raquo Subsidiary of Driven Brands Inc (over $21 billion in annual sales)
raquo Poised for explosive growth
ADDRESS 1110 Evans Way Court Columbus OhioPRICE $687855
CAP RATE 550
NOI $37832TERM 15 yearsRENT COMMENCEMENT November 1 2016LEASE EXPIRATION October 31 2031
RENTAL INCREASES
10 rental increases every 5 yearsYEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
YEAR BUILT 2017BUILDING SF 1980 SFPARCEL SIZE 069 acres (30056 SF)
LEASE TYPENNN Ground Lease with tenant responsible for all real estate taxes insurance utilities and all necessary maintenance and repairs
FILE PHOTO
Interstate 70 (108204 AADT)
Hilliard Rom
e Road (47806 AA
DT)
Feder Road (24110 AADT)
Tanglewood Plaza
Silver Horn Centre
Roberts Crossing Hilliard Square
The Attleigh(120-Unit Apartment Complex)
Westpoint Plaza
WE LIVE OUTDOORS
The Mall at Tuttle Crossing
Mill Run
Hilliard Shopping Center
Inte
rstat
e 70 (1
08204 A
ADT)
Hilliard Rome Road (47806 AADT)
Fede
r Roa
d (2
411
0 A
AD
T)
John Glenn Columbus International Airport
Industrial Operations
DOWNTOWN COLUMBUS
The Attleigh(120-Unit Apartment Complex)
Great Western
Interstate 70 (108204 AADT) Hill
iard
Rom
e Ro
ad (4
780
6 AA
DT)
Feder Road (24110 AADT)
Hatfield Automall
Lincoln Village Plaza
The Attleigh(120-Unit Apartment Complex)
Georgesville Square
Feder Road (24110 AADT)
Hilliard Rome Road (47806 AADT)
Interstate 70 (108204 AADT)
Westpoint Plaza
WE LIVE OUTDOORS
The Ohio State University Airport
Mill Run
The Attleigh(120-Unit Apartment Complex)
The Mall at Tuttle Crossing
TENANT SUMMARY LEASE ABSTRACT
Take 5 Oil Change began as Rapid Oil Change in 1984 doing minor repairs and maintenance services They currently have 170 locations across nine states in the US including Ohio Lousiana Mississippi North and South Carolina Alabama Florida and Texas In March 2016 Take 5 Oil Change was acquired by Driven Brands a portfolio company of Roark Capital and the nationrsquos leading automotive franchiser Jonathan Fitzpatrick CEO of Driven Brands said the following of Take 5 Oil Change ldquoThey have perfected their process and deliver industry leading customer service Take 5 Oil Change has a phenomenal brand operating model and teamrdquo
For more information visit wwwtake5oilchangecom
Driven Brands is the parent company of North Americarsquos leading automotive brands including Maaco Meineke Merlin Drive N Style Econo Lube Pro Oil Change and Take 5 Oil Change their brands have provided over 130 years of service in the repair maintenance paint and collision sectors Driven Brands has more than 2000 centers across North America and generates revenues of more than $21 billion a year
For more information visit wwwdrivebrandscom
HEADQUARTERS New Orleans LA OF LOCATIONS 270+OWNERSHIP Private YEARS IN BUSINESS 32
HEADQUARTERS Charlotte NC OF LOCATIONS 22000+OWNERSHIP Private
Roark Capital GroupYEARS IN BUSINESS 44
TENANT Take 5 Oil Change Inc
ADDRESS 1110 Evans Way Court Columbus Ohio
RENT COMMENCEMENT November 1 2016
LEASE EXPIRATION October 31 2031
RENEWAL OPTIONS Four (4) five (5) year options
RENTAL INCREASES
YEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
REAL ESTATE TAXES Tenant is responsible for real estate taxes
INSURANCE Tenant is responsible for insurance
REPAIR amp MAINTENANCE
Tenant is responsible for all maintenance including replacement of roof structure and parking lot
UTILITIES Tenant is responsible for all utilities
MAINTENANCE BY LANDLORD None
RIGHT OF FIRST REFUSAL None
PROPERTY OVERVIEWLOCATIONThe property is located on Evans Way Court just off of the intersection of Evans Way Court and Feder Road which experiences a traffic count of 24110 vehicles per day Hilliard Rome Road is just behind the site providing excellent visibility to nearly 48000 vehicles per day Additionally the property is located immediately off of Interstate 70 which runs through downtown Columbus and boasts a traffic count of over 108000 vehicles per day The property is flanked on either side by Steak lsquon Shake and Bob Evans Several large retail centers are across Interstate 70 from the property The centers are anchored by Walmart Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket and feature notable national tenants including Old Navy Michaels Dickrsquos Sporting Goods Marshalls PetSmart Bed Bath amp Beyond and many others
The property benefits from its close proximity to major employers residential neighborhoods and new developments The property is located near the industrial operations of several major companies including Buckeye Partners which employs approximately 1430 employees at its Columbus facility Big Lots Inc also has a large facility located near the property Big Lots employs approximately 1300 people at this location The property is located close to existing residential neighborhoods and new developments The Attleigh a 120-unit apartment complex is being built directly next to the site The Attleigh is expected to deliver in the second quarter of 2017 Additionally the property is located in a densely populated area with 179973 people living within a five-mile radius of the site providing a large customer base for Take 5 Oil Change
ACCESSThere is one access point on Evans Way Court
TRAFFIC COUNTSFeder Road 24110 AADTHilliard Rome Road 47806 AADTInterstate 70 108204 AADT
YEAR RENOVATED2017
NEAREST AIRPORTRickenbacker International Airport (LCK)
2017YEAR RENOVATED
24KTRAFFIC
COUNT (AADT)
NEARESTAIRPORTRICKENBACKERINTERNATIONAL
AIRPORT
FILE PHOTO
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
INVESTMENT SUMMARYNNN GROUND LEASE WITH SCHEDULED RENTAL INCREASESraquo New 15-year corporate absolute NNN lease with no landlord responsibilities
ideal for an out-of-area investor
raquo 10 rental increases every five years providing a hedge against inflation
raquo Building built at tenantrsquos expense demonstrating long-term commitment to the location
HIGH TRAFFIC LOCATION WITH IMMEDIATE ACCESS TO INTERSTATE 70raquo Located just off of Hilliard Rome Road with excellent visibility to 47806
vehicles per day
raquo Convenient access to Interstate 70 ndash 108204 AADT
raquo Central location less than ten miles from downtown Columbus
CLOSE PROXIMITY TO LARGE RETAIL CENTERS AND MAJOR EMPLOYERSraquo Property is near several large retail centers anchored by Walmart
Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket
raquo Located near industrial facilities for several major companies including Big Lots Buckeye Partners Marathon Petroleum Corporation IBM and Hollingsworth Logistics Group
DYNAMIC TENANT SERVING A PRACTICAL NEEDraquo Drive-thru oil change in less than five minutes with the customer remaining
in their vehicle during service
raquo Subsidiary of Driven Brands Inc (over $21 billion in annual sales)
raquo Poised for explosive growth
ADDRESS 1110 Evans Way Court Columbus OhioPRICE $687855
CAP RATE 550
NOI $37832TERM 15 yearsRENT COMMENCEMENT November 1 2016LEASE EXPIRATION October 31 2031
RENTAL INCREASES
10 rental increases every 5 yearsYEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
YEAR BUILT 2017BUILDING SF 1980 SFPARCEL SIZE 069 acres (30056 SF)
LEASE TYPENNN Ground Lease with tenant responsible for all real estate taxes insurance utilities and all necessary maintenance and repairs
FILE PHOTO
Interstate 70 (108204 AADT)
Hilliard Rom
e Road (47806 AA
DT)
Feder Road (24110 AADT)
Tanglewood Plaza
Silver Horn Centre
Roberts Crossing Hilliard Square
The Attleigh(120-Unit Apartment Complex)
Westpoint Plaza
WE LIVE OUTDOORS
The Mall at Tuttle Crossing
Mill Run
Hilliard Shopping Center
Inte
rstat
e 70 (1
08204 A
ADT)
Hilliard Rome Road (47806 AADT)
Fede
r Roa
d (2
411
0 A
AD
T)
John Glenn Columbus International Airport
Industrial Operations
DOWNTOWN COLUMBUS
The Attleigh(120-Unit Apartment Complex)
Great Western
Interstate 70 (108204 AADT) Hill
iard
Rom
e Ro
ad (4
780
6 AA
DT)
Feder Road (24110 AADT)
Hatfield Automall
Lincoln Village Plaza
The Attleigh(120-Unit Apartment Complex)
Georgesville Square
Feder Road (24110 AADT)
Hilliard Rome Road (47806 AADT)
Interstate 70 (108204 AADT)
Westpoint Plaza
WE LIVE OUTDOORS
The Ohio State University Airport
Mill Run
The Attleigh(120-Unit Apartment Complex)
The Mall at Tuttle Crossing
TENANT SUMMARY LEASE ABSTRACT
Take 5 Oil Change began as Rapid Oil Change in 1984 doing minor repairs and maintenance services They currently have 170 locations across nine states in the US including Ohio Lousiana Mississippi North and South Carolina Alabama Florida and Texas In March 2016 Take 5 Oil Change was acquired by Driven Brands a portfolio company of Roark Capital and the nationrsquos leading automotive franchiser Jonathan Fitzpatrick CEO of Driven Brands said the following of Take 5 Oil Change ldquoThey have perfected their process and deliver industry leading customer service Take 5 Oil Change has a phenomenal brand operating model and teamrdquo
For more information visit wwwtake5oilchangecom
Driven Brands is the parent company of North Americarsquos leading automotive brands including Maaco Meineke Merlin Drive N Style Econo Lube Pro Oil Change and Take 5 Oil Change their brands have provided over 130 years of service in the repair maintenance paint and collision sectors Driven Brands has more than 2000 centers across North America and generates revenues of more than $21 billion a year
For more information visit wwwdrivebrandscom
HEADQUARTERS New Orleans LA OF LOCATIONS 270+OWNERSHIP Private YEARS IN BUSINESS 32
HEADQUARTERS Charlotte NC OF LOCATIONS 22000+OWNERSHIP Private
Roark Capital GroupYEARS IN BUSINESS 44
TENANT Take 5 Oil Change Inc
ADDRESS 1110 Evans Way Court Columbus Ohio
RENT COMMENCEMENT November 1 2016
LEASE EXPIRATION October 31 2031
RENEWAL OPTIONS Four (4) five (5) year options
RENTAL INCREASES
YEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
REAL ESTATE TAXES Tenant is responsible for real estate taxes
INSURANCE Tenant is responsible for insurance
REPAIR amp MAINTENANCE
Tenant is responsible for all maintenance including replacement of roof structure and parking lot
UTILITIES Tenant is responsible for all utilities
MAINTENANCE BY LANDLORD None
RIGHT OF FIRST REFUSAL None
PROPERTY OVERVIEWLOCATIONThe property is located on Evans Way Court just off of the intersection of Evans Way Court and Feder Road which experiences a traffic count of 24110 vehicles per day Hilliard Rome Road is just behind the site providing excellent visibility to nearly 48000 vehicles per day Additionally the property is located immediately off of Interstate 70 which runs through downtown Columbus and boasts a traffic count of over 108000 vehicles per day The property is flanked on either side by Steak lsquon Shake and Bob Evans Several large retail centers are across Interstate 70 from the property The centers are anchored by Walmart Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket and feature notable national tenants including Old Navy Michaels Dickrsquos Sporting Goods Marshalls PetSmart Bed Bath amp Beyond and many others
The property benefits from its close proximity to major employers residential neighborhoods and new developments The property is located near the industrial operations of several major companies including Buckeye Partners which employs approximately 1430 employees at its Columbus facility Big Lots Inc also has a large facility located near the property Big Lots employs approximately 1300 people at this location The property is located close to existing residential neighborhoods and new developments The Attleigh a 120-unit apartment complex is being built directly next to the site The Attleigh is expected to deliver in the second quarter of 2017 Additionally the property is located in a densely populated area with 179973 people living within a five-mile radius of the site providing a large customer base for Take 5 Oil Change
ACCESSThere is one access point on Evans Way Court
TRAFFIC COUNTSFeder Road 24110 AADTHilliard Rome Road 47806 AADTInterstate 70 108204 AADT
YEAR RENOVATED2017
NEAREST AIRPORTRickenbacker International Airport (LCK)
2017YEAR RENOVATED
24KTRAFFIC
COUNT (AADT)
NEARESTAIRPORTRICKENBACKERINTERNATIONAL
AIRPORT
FILE PHOTO
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
Interstate 70 (108204 AADT)
Hilliard Rom
e Road (47806 AA
DT)
Feder Road (24110 AADT)
Tanglewood Plaza
Silver Horn Centre
Roberts Crossing Hilliard Square
The Attleigh(120-Unit Apartment Complex)
Westpoint Plaza
WE LIVE OUTDOORS
The Mall at Tuttle Crossing
Mill Run
Hilliard Shopping Center
Inte
rstat
e 70 (1
08204 A
ADT)
Hilliard Rome Road (47806 AADT)
Fede
r Roa
d (2
411
0 A
AD
T)
John Glenn Columbus International Airport
Industrial Operations
DOWNTOWN COLUMBUS
The Attleigh(120-Unit Apartment Complex)
Great Western
Interstate 70 (108204 AADT) Hill
iard
Rom
e Ro
ad (4
780
6 AA
DT)
Feder Road (24110 AADT)
Hatfield Automall
Lincoln Village Plaza
The Attleigh(120-Unit Apartment Complex)
Georgesville Square
Feder Road (24110 AADT)
Hilliard Rome Road (47806 AADT)
Interstate 70 (108204 AADT)
Westpoint Plaza
WE LIVE OUTDOORS
The Ohio State University Airport
Mill Run
The Attleigh(120-Unit Apartment Complex)
The Mall at Tuttle Crossing
TENANT SUMMARY LEASE ABSTRACT
Take 5 Oil Change began as Rapid Oil Change in 1984 doing minor repairs and maintenance services They currently have 170 locations across nine states in the US including Ohio Lousiana Mississippi North and South Carolina Alabama Florida and Texas In March 2016 Take 5 Oil Change was acquired by Driven Brands a portfolio company of Roark Capital and the nationrsquos leading automotive franchiser Jonathan Fitzpatrick CEO of Driven Brands said the following of Take 5 Oil Change ldquoThey have perfected their process and deliver industry leading customer service Take 5 Oil Change has a phenomenal brand operating model and teamrdquo
For more information visit wwwtake5oilchangecom
Driven Brands is the parent company of North Americarsquos leading automotive brands including Maaco Meineke Merlin Drive N Style Econo Lube Pro Oil Change and Take 5 Oil Change their brands have provided over 130 years of service in the repair maintenance paint and collision sectors Driven Brands has more than 2000 centers across North America and generates revenues of more than $21 billion a year
For more information visit wwwdrivebrandscom
HEADQUARTERS New Orleans LA OF LOCATIONS 270+OWNERSHIP Private YEARS IN BUSINESS 32
HEADQUARTERS Charlotte NC OF LOCATIONS 22000+OWNERSHIP Private
Roark Capital GroupYEARS IN BUSINESS 44
TENANT Take 5 Oil Change Inc
ADDRESS 1110 Evans Way Court Columbus Ohio
RENT COMMENCEMENT November 1 2016
LEASE EXPIRATION October 31 2031
RENEWAL OPTIONS Four (4) five (5) year options
RENTAL INCREASES
YEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
REAL ESTATE TAXES Tenant is responsible for real estate taxes
INSURANCE Tenant is responsible for insurance
REPAIR amp MAINTENANCE
Tenant is responsible for all maintenance including replacement of roof structure and parking lot
UTILITIES Tenant is responsible for all utilities
MAINTENANCE BY LANDLORD None
RIGHT OF FIRST REFUSAL None
PROPERTY OVERVIEWLOCATIONThe property is located on Evans Way Court just off of the intersection of Evans Way Court and Feder Road which experiences a traffic count of 24110 vehicles per day Hilliard Rome Road is just behind the site providing excellent visibility to nearly 48000 vehicles per day Additionally the property is located immediately off of Interstate 70 which runs through downtown Columbus and boasts a traffic count of over 108000 vehicles per day The property is flanked on either side by Steak lsquon Shake and Bob Evans Several large retail centers are across Interstate 70 from the property The centers are anchored by Walmart Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket and feature notable national tenants including Old Navy Michaels Dickrsquos Sporting Goods Marshalls PetSmart Bed Bath amp Beyond and many others
The property benefits from its close proximity to major employers residential neighborhoods and new developments The property is located near the industrial operations of several major companies including Buckeye Partners which employs approximately 1430 employees at its Columbus facility Big Lots Inc also has a large facility located near the property Big Lots employs approximately 1300 people at this location The property is located close to existing residential neighborhoods and new developments The Attleigh a 120-unit apartment complex is being built directly next to the site The Attleigh is expected to deliver in the second quarter of 2017 Additionally the property is located in a densely populated area with 179973 people living within a five-mile radius of the site providing a large customer base for Take 5 Oil Change
ACCESSThere is one access point on Evans Way Court
TRAFFIC COUNTSFeder Road 24110 AADTHilliard Rome Road 47806 AADTInterstate 70 108204 AADT
YEAR RENOVATED2017
NEAREST AIRPORTRickenbacker International Airport (LCK)
2017YEAR RENOVATED
24KTRAFFIC
COUNT (AADT)
NEARESTAIRPORTRICKENBACKERINTERNATIONAL
AIRPORT
FILE PHOTO
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
Inte
rstat
e 70 (1
08204 A
ADT)
Hilliard Rome Road (47806 AADT)
Fede
r Roa
d (2
411
0 A
AD
T)
John Glenn Columbus International Airport
Industrial Operations
DOWNTOWN COLUMBUS
The Attleigh(120-Unit Apartment Complex)
Great Western
Interstate 70 (108204 AADT) Hill
iard
Rom
e Ro
ad (4
780
6 AA
DT)
Feder Road (24110 AADT)
Hatfield Automall
Lincoln Village Plaza
The Attleigh(120-Unit Apartment Complex)
Georgesville Square
Feder Road (24110 AADT)
Hilliard Rome Road (47806 AADT)
Interstate 70 (108204 AADT)
Westpoint Plaza
WE LIVE OUTDOORS
The Ohio State University Airport
Mill Run
The Attleigh(120-Unit Apartment Complex)
The Mall at Tuttle Crossing
TENANT SUMMARY LEASE ABSTRACT
Take 5 Oil Change began as Rapid Oil Change in 1984 doing minor repairs and maintenance services They currently have 170 locations across nine states in the US including Ohio Lousiana Mississippi North and South Carolina Alabama Florida and Texas In March 2016 Take 5 Oil Change was acquired by Driven Brands a portfolio company of Roark Capital and the nationrsquos leading automotive franchiser Jonathan Fitzpatrick CEO of Driven Brands said the following of Take 5 Oil Change ldquoThey have perfected their process and deliver industry leading customer service Take 5 Oil Change has a phenomenal brand operating model and teamrdquo
For more information visit wwwtake5oilchangecom
Driven Brands is the parent company of North Americarsquos leading automotive brands including Maaco Meineke Merlin Drive N Style Econo Lube Pro Oil Change and Take 5 Oil Change their brands have provided over 130 years of service in the repair maintenance paint and collision sectors Driven Brands has more than 2000 centers across North America and generates revenues of more than $21 billion a year
For more information visit wwwdrivebrandscom
HEADQUARTERS New Orleans LA OF LOCATIONS 270+OWNERSHIP Private YEARS IN BUSINESS 32
HEADQUARTERS Charlotte NC OF LOCATIONS 22000+OWNERSHIP Private
Roark Capital GroupYEARS IN BUSINESS 44
TENANT Take 5 Oil Change Inc
ADDRESS 1110 Evans Way Court Columbus Ohio
RENT COMMENCEMENT November 1 2016
LEASE EXPIRATION October 31 2031
RENEWAL OPTIONS Four (4) five (5) year options
RENTAL INCREASES
YEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
REAL ESTATE TAXES Tenant is responsible for real estate taxes
INSURANCE Tenant is responsible for insurance
REPAIR amp MAINTENANCE
Tenant is responsible for all maintenance including replacement of roof structure and parking lot
UTILITIES Tenant is responsible for all utilities
MAINTENANCE BY LANDLORD None
RIGHT OF FIRST REFUSAL None
PROPERTY OVERVIEWLOCATIONThe property is located on Evans Way Court just off of the intersection of Evans Way Court and Feder Road which experiences a traffic count of 24110 vehicles per day Hilliard Rome Road is just behind the site providing excellent visibility to nearly 48000 vehicles per day Additionally the property is located immediately off of Interstate 70 which runs through downtown Columbus and boasts a traffic count of over 108000 vehicles per day The property is flanked on either side by Steak lsquon Shake and Bob Evans Several large retail centers are across Interstate 70 from the property The centers are anchored by Walmart Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket and feature notable national tenants including Old Navy Michaels Dickrsquos Sporting Goods Marshalls PetSmart Bed Bath amp Beyond and many others
The property benefits from its close proximity to major employers residential neighborhoods and new developments The property is located near the industrial operations of several major companies including Buckeye Partners which employs approximately 1430 employees at its Columbus facility Big Lots Inc also has a large facility located near the property Big Lots employs approximately 1300 people at this location The property is located close to existing residential neighborhoods and new developments The Attleigh a 120-unit apartment complex is being built directly next to the site The Attleigh is expected to deliver in the second quarter of 2017 Additionally the property is located in a densely populated area with 179973 people living within a five-mile radius of the site providing a large customer base for Take 5 Oil Change
ACCESSThere is one access point on Evans Way Court
TRAFFIC COUNTSFeder Road 24110 AADTHilliard Rome Road 47806 AADTInterstate 70 108204 AADT
YEAR RENOVATED2017
NEAREST AIRPORTRickenbacker International Airport (LCK)
2017YEAR RENOVATED
24KTRAFFIC
COUNT (AADT)
NEARESTAIRPORTRICKENBACKERINTERNATIONAL
AIRPORT
FILE PHOTO
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
Interstate 70 (108204 AADT) Hill
iard
Rom
e Ro
ad (4
780
6 AA
DT)
Feder Road (24110 AADT)
Hatfield Automall
Lincoln Village Plaza
The Attleigh(120-Unit Apartment Complex)
Georgesville Square
Feder Road (24110 AADT)
Hilliard Rome Road (47806 AADT)
Interstate 70 (108204 AADT)
Westpoint Plaza
WE LIVE OUTDOORS
The Ohio State University Airport
Mill Run
The Attleigh(120-Unit Apartment Complex)
The Mall at Tuttle Crossing
TENANT SUMMARY LEASE ABSTRACT
Take 5 Oil Change began as Rapid Oil Change in 1984 doing minor repairs and maintenance services They currently have 170 locations across nine states in the US including Ohio Lousiana Mississippi North and South Carolina Alabama Florida and Texas In March 2016 Take 5 Oil Change was acquired by Driven Brands a portfolio company of Roark Capital and the nationrsquos leading automotive franchiser Jonathan Fitzpatrick CEO of Driven Brands said the following of Take 5 Oil Change ldquoThey have perfected their process and deliver industry leading customer service Take 5 Oil Change has a phenomenal brand operating model and teamrdquo
For more information visit wwwtake5oilchangecom
Driven Brands is the parent company of North Americarsquos leading automotive brands including Maaco Meineke Merlin Drive N Style Econo Lube Pro Oil Change and Take 5 Oil Change their brands have provided over 130 years of service in the repair maintenance paint and collision sectors Driven Brands has more than 2000 centers across North America and generates revenues of more than $21 billion a year
For more information visit wwwdrivebrandscom
HEADQUARTERS New Orleans LA OF LOCATIONS 270+OWNERSHIP Private YEARS IN BUSINESS 32
HEADQUARTERS Charlotte NC OF LOCATIONS 22000+OWNERSHIP Private
Roark Capital GroupYEARS IN BUSINESS 44
TENANT Take 5 Oil Change Inc
ADDRESS 1110 Evans Way Court Columbus Ohio
RENT COMMENCEMENT November 1 2016
LEASE EXPIRATION October 31 2031
RENEWAL OPTIONS Four (4) five (5) year options
RENTAL INCREASES
YEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
REAL ESTATE TAXES Tenant is responsible for real estate taxes
INSURANCE Tenant is responsible for insurance
REPAIR amp MAINTENANCE
Tenant is responsible for all maintenance including replacement of roof structure and parking lot
UTILITIES Tenant is responsible for all utilities
MAINTENANCE BY LANDLORD None
RIGHT OF FIRST REFUSAL None
PROPERTY OVERVIEWLOCATIONThe property is located on Evans Way Court just off of the intersection of Evans Way Court and Feder Road which experiences a traffic count of 24110 vehicles per day Hilliard Rome Road is just behind the site providing excellent visibility to nearly 48000 vehicles per day Additionally the property is located immediately off of Interstate 70 which runs through downtown Columbus and boasts a traffic count of over 108000 vehicles per day The property is flanked on either side by Steak lsquon Shake and Bob Evans Several large retail centers are across Interstate 70 from the property The centers are anchored by Walmart Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket and feature notable national tenants including Old Navy Michaels Dickrsquos Sporting Goods Marshalls PetSmart Bed Bath amp Beyond and many others
The property benefits from its close proximity to major employers residential neighborhoods and new developments The property is located near the industrial operations of several major companies including Buckeye Partners which employs approximately 1430 employees at its Columbus facility Big Lots Inc also has a large facility located near the property Big Lots employs approximately 1300 people at this location The property is located close to existing residential neighborhoods and new developments The Attleigh a 120-unit apartment complex is being built directly next to the site The Attleigh is expected to deliver in the second quarter of 2017 Additionally the property is located in a densely populated area with 179973 people living within a five-mile radius of the site providing a large customer base for Take 5 Oil Change
ACCESSThere is one access point on Evans Way Court
TRAFFIC COUNTSFeder Road 24110 AADTHilliard Rome Road 47806 AADTInterstate 70 108204 AADT
YEAR RENOVATED2017
NEAREST AIRPORTRickenbacker International Airport (LCK)
2017YEAR RENOVATED
24KTRAFFIC
COUNT (AADT)
NEARESTAIRPORTRICKENBACKERINTERNATIONAL
AIRPORT
FILE PHOTO
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
Feder Road (24110 AADT)
Hilliard Rome Road (47806 AADT)
Interstate 70 (108204 AADT)
Westpoint Plaza
WE LIVE OUTDOORS
The Ohio State University Airport
Mill Run
The Attleigh(120-Unit Apartment Complex)
The Mall at Tuttle Crossing
TENANT SUMMARY LEASE ABSTRACT
Take 5 Oil Change began as Rapid Oil Change in 1984 doing minor repairs and maintenance services They currently have 170 locations across nine states in the US including Ohio Lousiana Mississippi North and South Carolina Alabama Florida and Texas In March 2016 Take 5 Oil Change was acquired by Driven Brands a portfolio company of Roark Capital and the nationrsquos leading automotive franchiser Jonathan Fitzpatrick CEO of Driven Brands said the following of Take 5 Oil Change ldquoThey have perfected their process and deliver industry leading customer service Take 5 Oil Change has a phenomenal brand operating model and teamrdquo
For more information visit wwwtake5oilchangecom
Driven Brands is the parent company of North Americarsquos leading automotive brands including Maaco Meineke Merlin Drive N Style Econo Lube Pro Oil Change and Take 5 Oil Change their brands have provided over 130 years of service in the repair maintenance paint and collision sectors Driven Brands has more than 2000 centers across North America and generates revenues of more than $21 billion a year
For more information visit wwwdrivebrandscom
HEADQUARTERS New Orleans LA OF LOCATIONS 270+OWNERSHIP Private YEARS IN BUSINESS 32
HEADQUARTERS Charlotte NC OF LOCATIONS 22000+OWNERSHIP Private
Roark Capital GroupYEARS IN BUSINESS 44
TENANT Take 5 Oil Change Inc
ADDRESS 1110 Evans Way Court Columbus Ohio
RENT COMMENCEMENT November 1 2016
LEASE EXPIRATION October 31 2031
RENEWAL OPTIONS Four (4) five (5) year options
RENTAL INCREASES
YEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
REAL ESTATE TAXES Tenant is responsible for real estate taxes
INSURANCE Tenant is responsible for insurance
REPAIR amp MAINTENANCE
Tenant is responsible for all maintenance including replacement of roof structure and parking lot
UTILITIES Tenant is responsible for all utilities
MAINTENANCE BY LANDLORD None
RIGHT OF FIRST REFUSAL None
PROPERTY OVERVIEWLOCATIONThe property is located on Evans Way Court just off of the intersection of Evans Way Court and Feder Road which experiences a traffic count of 24110 vehicles per day Hilliard Rome Road is just behind the site providing excellent visibility to nearly 48000 vehicles per day Additionally the property is located immediately off of Interstate 70 which runs through downtown Columbus and boasts a traffic count of over 108000 vehicles per day The property is flanked on either side by Steak lsquon Shake and Bob Evans Several large retail centers are across Interstate 70 from the property The centers are anchored by Walmart Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket and feature notable national tenants including Old Navy Michaels Dickrsquos Sporting Goods Marshalls PetSmart Bed Bath amp Beyond and many others
The property benefits from its close proximity to major employers residential neighborhoods and new developments The property is located near the industrial operations of several major companies including Buckeye Partners which employs approximately 1430 employees at its Columbus facility Big Lots Inc also has a large facility located near the property Big Lots employs approximately 1300 people at this location The property is located close to existing residential neighborhoods and new developments The Attleigh a 120-unit apartment complex is being built directly next to the site The Attleigh is expected to deliver in the second quarter of 2017 Additionally the property is located in a densely populated area with 179973 people living within a five-mile radius of the site providing a large customer base for Take 5 Oil Change
ACCESSThere is one access point on Evans Way Court
TRAFFIC COUNTSFeder Road 24110 AADTHilliard Rome Road 47806 AADTInterstate 70 108204 AADT
YEAR RENOVATED2017
NEAREST AIRPORTRickenbacker International Airport (LCK)
2017YEAR RENOVATED
24KTRAFFIC
COUNT (AADT)
NEARESTAIRPORTRICKENBACKERINTERNATIONAL
AIRPORT
FILE PHOTO
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
TENANT SUMMARY LEASE ABSTRACT
Take 5 Oil Change began as Rapid Oil Change in 1984 doing minor repairs and maintenance services They currently have 170 locations across nine states in the US including Ohio Lousiana Mississippi North and South Carolina Alabama Florida and Texas In March 2016 Take 5 Oil Change was acquired by Driven Brands a portfolio company of Roark Capital and the nationrsquos leading automotive franchiser Jonathan Fitzpatrick CEO of Driven Brands said the following of Take 5 Oil Change ldquoThey have perfected their process and deliver industry leading customer service Take 5 Oil Change has a phenomenal brand operating model and teamrdquo
For more information visit wwwtake5oilchangecom
Driven Brands is the parent company of North Americarsquos leading automotive brands including Maaco Meineke Merlin Drive N Style Econo Lube Pro Oil Change and Take 5 Oil Change their brands have provided over 130 years of service in the repair maintenance paint and collision sectors Driven Brands has more than 2000 centers across North America and generates revenues of more than $21 billion a year
For more information visit wwwdrivebrandscom
HEADQUARTERS New Orleans LA OF LOCATIONS 270+OWNERSHIP Private YEARS IN BUSINESS 32
HEADQUARTERS Charlotte NC OF LOCATIONS 22000+OWNERSHIP Private
Roark Capital GroupYEARS IN BUSINESS 44
TENANT Take 5 Oil Change Inc
ADDRESS 1110 Evans Way Court Columbus Ohio
RENT COMMENCEMENT November 1 2016
LEASE EXPIRATION October 31 2031
RENEWAL OPTIONS Four (4) five (5) year options
RENTAL INCREASES
YEAR1-56-1011-1516-20 (Option 1)21-25 (Option 2)26-30 (Option 3)31-35 (Option 4)
RENT$37832$41615$45777$50354$55390$60929$67022
RETURN550605666732805885974
REAL ESTATE TAXES Tenant is responsible for real estate taxes
INSURANCE Tenant is responsible for insurance
REPAIR amp MAINTENANCE
Tenant is responsible for all maintenance including replacement of roof structure and parking lot
UTILITIES Tenant is responsible for all utilities
MAINTENANCE BY LANDLORD None
RIGHT OF FIRST REFUSAL None
PROPERTY OVERVIEWLOCATIONThe property is located on Evans Way Court just off of the intersection of Evans Way Court and Feder Road which experiences a traffic count of 24110 vehicles per day Hilliard Rome Road is just behind the site providing excellent visibility to nearly 48000 vehicles per day Additionally the property is located immediately off of Interstate 70 which runs through downtown Columbus and boasts a traffic count of over 108000 vehicles per day The property is flanked on either side by Steak lsquon Shake and Bob Evans Several large retail centers are across Interstate 70 from the property The centers are anchored by Walmart Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket and feature notable national tenants including Old Navy Michaels Dickrsquos Sporting Goods Marshalls PetSmart Bed Bath amp Beyond and many others
The property benefits from its close proximity to major employers residential neighborhoods and new developments The property is located near the industrial operations of several major companies including Buckeye Partners which employs approximately 1430 employees at its Columbus facility Big Lots Inc also has a large facility located near the property Big Lots employs approximately 1300 people at this location The property is located close to existing residential neighborhoods and new developments The Attleigh a 120-unit apartment complex is being built directly next to the site The Attleigh is expected to deliver in the second quarter of 2017 Additionally the property is located in a densely populated area with 179973 people living within a five-mile radius of the site providing a large customer base for Take 5 Oil Change
ACCESSThere is one access point on Evans Way Court
TRAFFIC COUNTSFeder Road 24110 AADTHilliard Rome Road 47806 AADTInterstate 70 108204 AADT
YEAR RENOVATED2017
NEAREST AIRPORTRickenbacker International Airport (LCK)
2017YEAR RENOVATED
24KTRAFFIC
COUNT (AADT)
NEARESTAIRPORTRICKENBACKERINTERNATIONAL
AIRPORT
FILE PHOTO
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
PROPERTY OVERVIEWLOCATIONThe property is located on Evans Way Court just off of the intersection of Evans Way Court and Feder Road which experiences a traffic count of 24110 vehicles per day Hilliard Rome Road is just behind the site providing excellent visibility to nearly 48000 vehicles per day Additionally the property is located immediately off of Interstate 70 which runs through downtown Columbus and boasts a traffic count of over 108000 vehicles per day The property is flanked on either side by Steak lsquon Shake and Bob Evans Several large retail centers are across Interstate 70 from the property The centers are anchored by Walmart Supercenter Target Kohlrsquos Meijer Samrsquos Club and Giant Eagle Supermarket and feature notable national tenants including Old Navy Michaels Dickrsquos Sporting Goods Marshalls PetSmart Bed Bath amp Beyond and many others
The property benefits from its close proximity to major employers residential neighborhoods and new developments The property is located near the industrial operations of several major companies including Buckeye Partners which employs approximately 1430 employees at its Columbus facility Big Lots Inc also has a large facility located near the property Big Lots employs approximately 1300 people at this location The property is located close to existing residential neighborhoods and new developments The Attleigh a 120-unit apartment complex is being built directly next to the site The Attleigh is expected to deliver in the second quarter of 2017 Additionally the property is located in a densely populated area with 179973 people living within a five-mile radius of the site providing a large customer base for Take 5 Oil Change
ACCESSThere is one access point on Evans Way Court
TRAFFIC COUNTSFeder Road 24110 AADTHilliard Rome Road 47806 AADTInterstate 70 108204 AADT
YEAR RENOVATED2017
NEAREST AIRPORTRickenbacker International Airport (LCK)
2017YEAR RENOVATED
24KTRAFFIC
COUNT (AADT)
NEARESTAIRPORTRICKENBACKERINTERNATIONAL
AIRPORT
FILE PHOTO
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
AREA OVERVIEWColumbus population 850106 is the capital of Ohio the statersquos largest city and the 15th largest city in the United States Columbus has a diverse economy based on education government insurance banking fashion defense aviation food clothes logistics steel energy medical research health care hospitality retail and technology No single industry sector represents more than 18 percent of employment resulting in an exceptionally stable economy Due to its demographics which include a mix of races and a wide range of incomes as well as urban suburban and nearby rural areas Columbus is considered a ldquotypicalrdquo American city leading retail and restaurant chains to use it as a test market for new products
The Columbus Metropolitan Statistical Area (MSA) is the metropolitan area centered on the city of Columbus The population of the MSA is 1967066 according to census estimates making it the third largest metropolitan area in the state of Ohio and one of the largest in the Midwest The Columbus MSA is part of the Great Lakes Megalopolis containing an estimated 54 million people It is also one of the fastest growing metro areas outside of the Sun Belt
raquo Columbus is home to the Battelle Memorial Institute the worldrsquos largest private research and development foundation Chemical Abstracts Service the worldrsquos largest clearinghouse of chemical information NetJets the worldrsquos largest fractional ownership jet aircraft fleet and The Ohio State University one of the largest universities in the United States As of 2013 the city is home to the headquarters of five Fortune 500 corporations Nationwide Mutual Insurance Company American Electric Power L Brands Inc Big Lots and Cardinal Health The fast-food corporations Wendyrsquos and White Castle are also based in the Columbus metropolitan area
raquo The Columbus region is the fastest growing major metropolitan area in the Midwest and had a growth rate of 186 between 2000 and 2014
raquo In 2012 Columbus was ranked in BusinessWeekrsquos 50 best cities in America In 2013 Forbes gave Columbus an A rating as one of the top cities for business in the US and later that year included the city on its list of Best Places for Business and Careers Columbus was also ranked as the no 1 up-and-coming tech city in the nation by Forbes in 2008 and the city was ranked a top ten city by Relocate America in 2010 In 2007 fDi Magazine ranked the city no 3 in the US for cities of the future and the Columbus Zoo and Aquarium was rated no 1 in 2009 by USA Travel Guide
MAJOR EMPLOYERS IN COLUMBUS MSA OF EMPLOYEES
OHIO STATE UNIVERSITY 30963
STATE OF OHIO 23859
OHIOHEALTH CORP 19936
JPMORGAN CHASE amp CO 19200
NATIONWIDE MUTUAL INSURANCE CO 12200
KROGER COMPANY 10242
MOUNT CARMEL HEALTH SYSTEM 8818
CITY OF COLUMBUS 8510
NATIONWIDE CHILDRENrsquoS HOSPITAL 8508
HONDA NORTH AMERICA INC 7800
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
DEMOGRAPHIC PROFILE2017 SUMMARY 1 Mile 3 Miles 5 Miles
Population 10481 74720 179973
Households 4439 28917 69813
Families 2448 18246 43672
Average Household Size 236 258 257
Owner Occupied Housing Units 2054 16207 39228
Renter Occupied Housing Units 2385 12710 30585
Median Age 317 324 337
Average Household Income $66171 $68300 $69740
2022 ESTIMATE 1 Mile 3 Miles 5 Miles
Population 11106 79073 189609
Households 4695 30515 73312
Families 2567 19113 45581
Average Household Size 237 259 258
Owner Occupied Housing Units 2174 16951 41055
Renter Occupied Housing Units 2521 13564 32257
Median Age 321 326 341
Average Household Income $74965 $75611 $76761
POPULATION OF 179973WITHIN FIVE MILES
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
wwwYAFteamcomCushman and Wakefield Inc LIC 00616335
SCOTT CROWLESenior Director 4156044288scottcrowlecushwakecomCA RE License 01318288
MICHAEL T YURAS CCIMExecutive Managing Director 4154810788michaelyurascushwakecomCA RE License 01823291
- Button 2
- Button 3
- Button 4
- Button 5
- Button 7
- Button 8
