OFFERING MEMORANDUM LAWRENCEmarketplace LAWRENCE | KANSAS LAWRENCEmarketplace LAWRENCE | KANSAS EXCLUSIVELY LISTED BY: ZACHARY TURNER MARK RUBLE JAMIE MEDRESS Associate Senior Managing DIrector Executive Managing Director National Retail Group Net Leased Investments Net Leased Investments COLUMBUS OFFICE ARIZONA OFFICE ARIZONA OFFICE P: (614) 360-9032 C: (614) 961-9943 P: (602) 687-6766 F: (602) 687-6710 P: (602) 687-6778 C: (602) 687-6717
[email protected] [email protected] [email protected] License: OH SAL.2018003592 License: AZ SA550593000 License: AZ SA108228000 SCOTT WILES CRAIG FULLER ERIN PATTON Senior Vice President Investments Senior Vice President Investments Senior Vice President Investments Executive Director, National Retail Group Executive Director, National Retail Group Executive Director, National Retail Group CLEVELAND OFFICE CLEVELAND OFFICE COLUMBUS OFFICE P: (216) 264-2026 C: (216) 870-9424 P: (216) 264-2043 C: (216) 407-2430 P: (614) 360-9035 C: (614) 323-3345
[email protected] [email protected] [email protected] License: OH SAL.2005013197 License: OH SAL.2008001551 License: OH SAL.2004010274 LAWRENCEmarketplace ANCHORED BY PLANET FITNESS AND OFFICE DEPOT: NNN LEASES THROUGH 2025 AND 2026 LAWRENCEmarketplace LAWRENCE | KANSAS 90,982 9.56 100% 1974/ 2014 SQUARE ACRES OCCUPIED BUILT/ FEET RENOVATED LAWRENCEmarketplace OFFERING SUMMARY LAWRENCE | KANSAS Offering Price $10,805,000 Cap Rate 8.00% Gross Leasable Area (GLA) 90,982 SF Price/SF $118.76 Year Built/Renovated 1974/2014 Lot Size 6.27 AC Occupancy 100% VITAL DATA Current Net Operating Income $864,318 Year 1 Cash-on-Cash Return 11.21% 10-Year Uneveraged IRR 8.97% 10-Year Leveraged IRR 16.67% PROPOSED NEW FINANCING Loan Amount $7,563,500 Loan-to-Sale Ratio 70.00% Interest Rate 4.25% MAJOR TENANTS Amortization 25 Years Term 10 Years Tenant GLA Lease Exp.