DOCSLIB.ORG

Jiffy Lube 36167 Date Palm Dr, Cathedral City, Ca 92234 Exclusively Listed by MITCHELL GLASSON Wesley Connolly, MBA Associate Senior Associate

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Jiffy Lube 36167 Date Palm Dr, Cathedral City, Ca 92234 Exclusively Listed by MITCHELL GLASSON Wesley Connolly, MBA Associate Senior Associate ™ OFFERING MEMORANDUM Jiffy Lube 36167 Date Palm Dr, Cathedral City, cA 92234 exclusively listed by MITCHELL GLASSON Wesley connolly, MBA Associate Senior Associate [email protected] [email protected] DIR (949) 432-4502 DIR (949) 432-4512 MOB (707) 364-5650 MOB (707) 477-7185 LIC # 012016029 (CA) LIC # 01962332 (CA) investment highlights DEAL HIGHLIGHTS • Absolute NNN SoCal asset offered at a rare $400/SF • Unprecedented growth and development - Coachella Valley’s population is expected to increase 99.4% by 2035 • Exceptional lease guaranty with largest national Jiffy Lube franchisee operator (523 Units) – further details below • Subject property has 4 service bays and 2nd floor administrative office • Visibility to 20,000 + vehicles per day CATHEDRAL CITY & COACHELLA VALLEY • Economic Growth & Development - Cathedral City recently voted (March 2018) to pull back regulations and promote infrastructure, development and newfound revenue from the cannabis sector • Projects include a new downtown casino, national retail, hotels, live playhouse theater and performance arts centre; Date Palm Drive is currently being widened to three (3) car lanes + bike lanes (N & S) to account for increased traffic count attributed to new development. • 5.43% projected population growth rate 2018 - 2023 • Population: 1-Mile: 10,000 | 3-Mile: 54,859 | 5-Mile: 110,766 TOP-TIER TENANT (LARGEST FRANCHISEE OPERATOR) • In Q1 2018, leading middle-market private equity investment firm Wynnchurch Capital, LLC completed the acquisition of Heartland Automotive Services in partnership with Mid-Atlantic Lubes, Inc. and was renamed Team Car Care, LLC • Heartland Automotive Services, Inc. d/b/a Team Car Care, LLC is Jiffy Lube’s largest franchisee with ± 523 Locations across 26 states • Wynnchurch Co-Managing Partner, John Hatherly, “Heartland is a tremendous addition to our portfolio of service businesses. We feel very fortunate to be partnering with Jiffy Lube International, Inc.” (www.pehub.com) STRONG E-COMMERCE RESISTANCE • Nationally Recognized Tenant – Jiffy Lube is the premier quick oil change company in the US with +2,200 locations • Service-based tenants provide landlords with a high degree of protection against a retail market that is shifting toward e-commerce when possible • Recession Resistant Business Model – strong historical performance even during economic downturn 3 | Jiffy Lube (Cathedral City, CA) ™ financial overview 36167 Date Palm Dr Cathedral City, CA 92234 List Price ............................................................................................................$1,294,507 CAP Rate - Current ...................................................................................................5.65% Gross Leasable Area ......................................................................................± 3,500 SF Lot Size .......................................................................................................... ± 0.73 Acres Year Built/Renovated ......................................................................................1990/2008 Annualized Operating Data Tenant Summary Monthly Rent Annual Rent Rent/SF Cap Rate February 2018 - Tenant Trade Name Jiffy Lube $6,094.97 $73,139.67 $20.90 5.65% February 2019 Type of Ownership Fee Simple February 2019 - Heartland Automotive Services, Inc. $6,216.87 $74,602.46 $21.31 5.76% Lease Guarantor February 2020 d/b/a Team Car Care, LLC (523 Units) February 2020 - $6,341.21 $76,094.51 $21.74 5.87% Lease Type NNN February 2021 Roof and Structure Tenant Responsible February 2021 - $6,468.03 $77,616.40 $22.18 6.00% February 2022 Original Lease Term 16 Years February 2022 - Rent Commencement Date 2/25/2008 $6,597.39 $79,168.73 $22.62 6.11% February 2023 Lease Expiration Date 2/1/2024 February 2023 - $6,729.34 $80,752.10 $23.07 6.23% Term Remaining on Lease ± 5.8 Years February 2024 Increases 2% Annual Options Three, Five (5) Year Option 4 | Jiffy Lube (Cathedral City, CA) Tenant overview Company Name Jiffy Lube International, Inc. Ownership Private Parent Company Trade Name Royal Dutch Shell PLC (ADR) No. of Locations ± 2,100 No. of Employees ± 6,538 Headquartered Houston, Texas Website www.jiffylube.com Year Founded 1979 A leading provider of oil changes and a subsidiary of Shell Oil Company, Jiffy Lube boasts more than 2,100 outlets led throughout North America that are all independently owned by operators. Besides oil changes, Jiffy Lube facilities provide maintenance services for air conditioning, fuel systems and transmissions. At some of its locations it also performs inspections and emissions testing, repairs windshields and rotates tires. Serving about 22 million customers annually, Jiffy Lube caters to several fleet management firms such as Donlen, Emkay, Voyager and PHH. Heartland Automotive Services, Inc. is a franchisee company that operates over 530 Jiffy Lube locations in the United States. They are part of the growing quick lube industry, providing Jiffy Lube preventive maintenance services. With Jiffy Lube technicians performing over 60,000 oil changes a day, Heartland is committed to keeping Jiffy Lube as one of the top auto service providers in the nation. Their main mission is to provide safe and routine maintenance services, provide the highest-quality Pennzoil products, while also doing their part in respecting the environment and recycling. Heartland Automotive Services, Inc. (dba Team Car Care, LLC), a portfolio company of Wynnchurch Capital, LLC (“Wynnchurch”), recently appointed Jeff Balagna as Chief Executive Officer. With more than 35 years of experience, Mr. Balagna is a seasoned executive with broad management expertise. His career spans multiple industries and includes stints at prominent brands including Medtronic, General Electric, Ford, Eli Lilly, Sears, and Carlson Companies. STRATEGY Jiffy Lube focuses on its four key areas of preventative maintenance service: change, inspect, check/fill, and clean. The company’s extensive technician training program has made Jiffy Lube an Automotive Service Excellence (ASE) Accredited Training Provider. With a focus on reuse, Jiffy Lube makes a point to collect more used oil than any of its competitors in North America. The oil is then refined and used for making concrete, generating electricity, and heating asphalt to pave roads. GEOGRAPHIC OUTREACH Jiffy Lube has an approximate 2,100 franchised service centers in North America and Canada. Offering Memorandum | 5 Property details the offering parcel map Property Name Jiffy Lube 36167 Date Palm Dr ADT Dr ± 22,000 Date Palm Property Address Cathedral City, CA 92234 Assessor’s Parcel Number 000-262-528 Site Description Number of Stories One Year Built/Renovated 1990/2008 Gross Leasable Area (GLA) ± 3,500 SF Lot Size ± 0.7.3 Acres (31,798 SF) Type of Ownership Fee Simple Parking ± 12 Surface Spaces Parking Ratio 3.43 : 1,000 SF Landscaping Professional Topography Generally Level 6 | Jiffy Lube (Cathedral City, CA) Surrounding tenants Cathedral City High School Tahquitz Creek Golf Resort Mission Hills Country Club Nellie N. Coffman Middle School Palm Valley School Tamarisk Country Club 7 | Jiffy Lube (Cathedral City, CA) Area overview • One of America’s “Most Livable Cities” • Top 10 Places to Retire Demographics • Ranked Top 3 Cities in Coachella Valley POPULATION 1 - MILE 3 - MILE 5 - MILE 2023 Projection 9,993 57,815 118,961 2018 Estimate 9,549 54,859 112,832 2010 Census 8,899 50,131 102,768 Growth 2018-2023 4.65% 5.39% 5.43% HOUSEHOLDS 1 - MILE 3 - MILE 5 - MILE 2023 Projection 4,752 22,736 50,786 2018 Estimate 4,511 21,535 47,983 2010 Census 4,134 19,563 43,225 Growth 2018-2023 5.34% 5.58% 5.84% INCOME 1 - MILE 3 - MILE 5 - MILE 2018 Est. Average $73,290 $82,919 $86,292 Household Income Cathedral City, CA Also known as Cat City, Cathedral City is located between Palm Springs and Rancho Mirage, and is one of nine cities that makes up the Coachella Valley. The city is a welcoming place to relax and enjoy rounds of golf on some of the most exclusive golf courses in the area. It was recently named one of the “top ten best bargain retirement spots” by US News and World Report. The sense of community is strong throughout the city with residents that care about the place they call home. It is the perfect spot for retired residents and families that want the comfort of suburban life, while still having easy access to fun events and activities throughout the area. Palm Springs, CA Palm Springs is a desert resort city within the Coachella Valley. Known for its stylish hotels, new fashionable restaurants, and an assortment of outdoor activities, Palm Springs is the best place to escape from the big city and experience the natural side of California. Some larger events that are held in the area throughout the year include the Palm Springs International Film Festival, Modernism Week, Coachella, and Stagecoach Music Festival. These events bring people from all over the world for once-in-a-lifetime experiences. The nightlife has also been expanding throughout Palm Springs. Since the 1920’s, Palm Springs has been Hollywood’s desert playground for celebrities to relax and escape. With trendy restaurants and developing nightclubs, Palm Springs has offered more than ever before. Whether you are looking for a place to get away and enjoy a couple rounds of golf or explore all that nature has to offer, Palm Springs has something for everyone! 9 | Jiffy Lube (Cathedral City, CA) Palm springs Economy Top Employers The city’s main economic sector is tourism. With numerous festivals, conventions, and international events, there is a constant flow of tourists. There is a large amount of hotels, restaurants, and attractions to entertain residents and visitors. Recently, high-end boutiques have moved into downtown and uptown Palm Springs. Tourists have many different options when it comes to resorts that cater Palms Sprring Demographics to their specific style and needs. Palm Springs is also known for luxurious golf courses that is also a huge attraction to tourists. Another larger boost in the economy is celebrities moving into the area. Throughout 115,588 $75,413 37.9 the 20th century, celebrities would visit to get away from the big city.
Load more

Recommended publications
  • TRANSACTIONS - Sell-Side Mergers and Acquisitions Advisory
    Page 1 of 11 test test TRANSACTIONS - Sell-Side Mergers and Acquisitions Advisory CLIENT CLIENT DESCRIPTION TRANSACTION DESCRIPTION TYPE CLIENT LOCATION DATE Advised on the sale of Circle K’s 48 Oklahoma City Circle K Stores Inc. A petroleum marketer and convenience store retailer Corporate Carve Out Oklahoma City, OK Jun-21 area stores to Casey’s General Stores, Inc. One of the largest independent propane retailers in the U.S., serving Advised on the sale of the company to Superior Plus Freeman Gas and Electric Co., Inc. nearly 70,000 customers in Georgia, North Carolina, South Carolina, Energy Services, Inc., a subsidiary of Superior Plus Company Sale Spartanburg, SC Jun-21 Tennessee, and Virginia Corp. (TSX:SPB) Advised on the sale of the company to an Toms Sierra Company, Inc. A petroleum marketer and convenience store retailer Company Sale Roseville, CA May-21 undisclosed buyer Advised on the sale of the company to Energy Van Unen/Miersma Propane, Inc. A large propane retailer in California Company Sale Ripon, CA May-21 Distribution Partners, LLC Advised on the sale of the companies to Trump Card ASAP Expediting & Logistics, LLC A leading provider of expedited freight solutions Holdings, LLC, a subsidiary of Magnate Worldwide, Company Sale Columbia, SC Feb-21 LLC and a portfolio company of CIVC Partners, L.P. Advised on the sale of the company’s U.S. wholesale petroleum distribution assets to PacWest Energy, R.M. Parks, Inc. A leading wholesale petroleum distributor Company Sale Porterville, CA Jan-21 LLC, a joint venture between Jackson Energy and Shell Oil Products US Advised on the sale of the company in a joint A leading petroleum marketer and convenience retailer d/b/a Alta venture entity between Fortress Investment Group Pester Marketing Company Company Sale Denver, CO Jan-21 Convenience LLC and a subsidiary of Phillips 66 Company (NYSE: PSX) A lubricants distributor, commercial fuel, and environmental services Advised on the sale of the company to RelaDyne New West Oil Company, L.L.C.
    [Show full text]
  • Negativliste. Fossil Energi
    Bilag 6. Negativliste. Fossil energi Maj 2017 Læsevejledning til negativlisten: Moderselskab / øverste ejer vises med fed skrift til venstre. Med almindelig tekst, indrykket, er de underliggende selskaber, der udsteder aktier og erhvervsobligationer. Det er de underliggende, udstedende selskaber, der er omfattet af negativlisten. Rækkeetiketter Acergy SA SUBSEA 7 Inc Subsea 7 SA Adani Enterprises Ltd Adani Enterprises Ltd Adani Power Ltd Adani Power Ltd Adaro Energy Tbk PT Adaro Energy Tbk PT Adaro Indonesia PT Alam Tri Abadi PT Advantage Oil & Gas Ltd Advantage Oil & Gas Ltd Africa Oil Corp Africa Oil Corp Alpha Natural Resources Inc Alex Energy Inc Alliance Coal Corp Alpha Appalachia Holdings Inc Alpha Appalachia Services Inc Alpha Natural Resource Inc/Old Alpha Natural Resources Inc Alpha Natural Resources LLC Alpha Natural Resources LLC / Alpha Natural Resources Capital Corp Alpha NR Holding Inc Aracoma Coal Co Inc AT Massey Coal Co Inc Bandmill Coal Corp Bandytown Coal Co Belfry Coal Corp Belle Coal Co Inc Ben Creek Coal Co Big Bear Mining Co Big Laurel Mining Corp Black King Mine Development Co Black Mountain Resources LLC Bluff Spur Coal Corp Boone Energy Co Bull Mountain Mining Corp Central Penn Energy Co Inc Central West Virginia Energy Co Clear Fork Coal Co CoalSolv LLC Cobra Natural Resources LLC Crystal Fuels Co Cumberland Resources Corp Dehue Coal Co Delbarton Mining Co Douglas Pocahontas Coal Corp Duchess Coal Co Duncan Fork Coal Co Eagle Energy Inc/US Elk Run Coal Co Inc Exeter Coal Corp Foglesong Energy Co Foundation Coal
    [Show full text]
  • Interceptor System Master Plan B 2000 GEOTECHNICAL AND
    Technical Memorandum 3 / Interceptor System Master Plan - 2000 June, 2000 Prepared for the Sacramento Regional County Sanitation District Interceptor System Master Plan B 2000 GEOTECHNICAL AND HAZARDOUS WASTE SITES OVERVIEW OF POTENTIAL IMPACTS Technical Memorandum 3 España Geotechnical Consulting Technical Memorandum 3 / Interceptor System Master Plan - 2000 June, 2000 Project No. J146 Technical Memorandum 3 / Interceptor System Master Plan - 2000 June, 2000 TABLE OF CONTENTS 1.0 Introduction ......................................................................................................................... 1 1.1 Purpose and Scope .................................................................................................. 1 2.0 Geotechnical Data ............................................................................................................... 1 2.1 General .................................................................................................................... 1 2.2 Regional Geology.................................................................................................... 2 2.3 Regional Groundwater Conditions.......................................................................... 2 3.0 Geotechnical Conditions of Potential Significant Impact ................................................... 3 3.1 Slope Instability and Liquefaction........................................................................... 3 3.2 Very Dense Cobbles and Boulders within the American River Channel...............
    [Show full text]
  • Jiffy Lube 640 N Wayne St Angola, IN
    NET LEASE INVESTMENT OFFERING Jiffy Lube NET640 LEASE N WayneINVESTMENT St OFFERING Angola, IN TABLE OF CONTENTS I. Executive Summary II. Location Overview III. Market & Tenant Overview Executive Summary Site Plan Tenant Profi le Investment Highlights Aerial Location Overview Property Overview Map Demographics Photos NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confi dential. It STATEMENT: is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverifi ed information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verifi ed, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY EXECUTIVE The Boulder Group is pleased to exclusively market for sale a single tenant net leased Jiffy Lube property SUMMARY: located in Angola, Indiana.
    [Show full text]
  • 2005-2009 Financial and Operational Information
    FIVE-YEAR FACT BOOK Royal Dutch Shell plc FINaNcIAL aND OPERATIoNAL INFoRMATIoN 2005–2009 ABBREVIATIONS WE help meet ThE world’S growing demand for energy in Currencies € euro economically, environmentally £ pound sterling and socially responsible wayS. $ US dollar Units of measurement acre approximately 0.4 hectares or 4 square kilometres About This report b(/d) barrels (per day) bcf/d billion cubic feet per day This five-year fact book enables the reader to see our boe(/d) barrel of oil equivalent (per day); natural gas has financial and operational performance over varying been converted to oil equivalent using a factor of timescales – from 2005 to 2009, with every year in 5,800 scf per barrel between. Wherever possible, the facts and figures have dwt deadweight tonnes kboe/d thousand barrels of oil equivalent per day been made comparable. The information in this publication km kilometres is best understood in combination with the narrative km2 square kilometres contained in our Annual Report and Form 20-F 2009. m metres MM million Information from this and our other reports is available for MMBtu million British thermal unit online reading and downloading at: mtpa million tonnes per annum www.shell.com/annualreports mscm million standard cubic metres MW megawatts The webpages contain interactive chart generators, per day volumes are converted to a daily basis using a downloadable tables in Excel format, hyperlinks to other calendar year webpages and an enhanced search tool. Sections of the scf standard cubic feet reports can also be downloaded separately or combined tcf trillion cubic feet into a custom-made PDF file.
    [Show full text]
  • 2005 Annual Report on Form 20-F
    United States Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2005 Commission file number 1-32575 Royal Dutch Shell plc (Exact name of registrant as specified in its charter) England and Wales (Jurisdiction of incorporation or organisation) Carel van Bylandtlaan 30, 2596 HR, The Hague, The Netherlands tel. no: (011 31 70) 377 9111 (Address of principal executive offices) Securities Registered Pursuant to Section 12(b) of the Act Title of Each Class Name of Each Exchange on Which Registered American Depositary Receipts representing Class A ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value €0.07 each American Depositary Receipts representing Class B ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value of €0.07 each Securities Registered Pursuant to Section 12(g) of the Act None Securities For Which There is a Reporting Obligation Pursuant to Section 15(d) of the Act None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. Outstanding as of December 31, 2005: 3,817,240,213 Class A ordinary shares of the nominal value of €0.07 each. 2,707,858,347 Class B ordinary shares of the nominal value of €0.07 each. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • D:\Documents and Settings\Ghales\My Documents
    ANALYSIS OF PROPOSED CONSENT ORDER TO AID PUBLIC COMMENT In the Matter of Shell Oil Company and Pennzoil-Quaker State Company File No. 021 0123, Docket No. C-4059 I. Introduction The Federal Trade Commission (“Commission” or “FTC”) has issued a complaint (“Complaint”) alleging that the proposed merger of Shell Oil Company (“Shell”) and Pennzoil- Quaker State Company (“Pennzoil”) (collectively “Respondents”) would violate Section 7 of the Clayton Act, as amended, 15 U.S.C. § 18, and Section 5 of the Federal Trade Commission Act, as amended, 15 U.S.C. § 45, and has entered into an agreement containing consent orders (“Agreement Containing Consent Orders”) pursuant to which Respondents agree to be bound by a proposed consent order that requires divestiture of certain assets (“Proposed Consent Order”) and a hold separate order that requires Respondents to hold separate and maintain certain assets pending divestiture (“Hold Separate Order”). The Proposed Consent Order remedies the likely anticompetitive effects arising from Respondents’ proposed merger, as alleged in the Complaint, and the Hold Separate Order preserves competition pending divestiture. II. Description of the Parties and the Transaction Shell Oil Company, headquartered in Houston, Texas, is the United States operating entity for the Royal Dutch/Shell Group of Companies (collectively referred to as “Shell”). Shell is engaged in virtually all aspects of the energy business, including exploration, production, refining, transportation, distribution, and marketing. As part of the relief ordered by the Commission in Chevron/Texaco, Docket C-4023 (Jan. 2, 2002), Texaco divested its interest in Equilon Enterprises LLC to Shell and its interest in Motiva Enterprises LLC to Shell and Saudi Refining Company.
    [Show full text]
  • Shell Midstream Partners, L.P. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): January 18, 2021 Shell Midstream Partners, L.P. (Exact name of registrant as specified in its charter) Delaware 001-36710 46-5223743 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 150 N. Dairy Ashford, Houston, Texas 77079 (Address of principal executive offices and zip code) (832) 337-2034 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Trading Name of each exchange Title of each class Symbol(s) on which registered Common Units, Representing Limited Partner SHLX New York Stock Exchange Interests Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (*230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (*240.12b-2 of this chapter).
    [Show full text]
  • Jiffy Lube 3711 South Reed Road Kokomo, in 46902 2 JIFFY LUBE EXCLUSIVELY MARKETED BY
    1 Jiffy Lube 3711 South Reed Road Kokomo, IN 46902 2 JIFFY LUBE EXCLUSIVELY MARKETED BY: JIM BLANDA ANDREW ACKERMAN Lic. # RS343825 Lic. # RB20001918 267.435.8095 | DIRECT 770.626.0445 | DIRECT [email protected] [email protected] 901 East 8th Avenue, Suite 204 King of Prussia, PA 19406 844.4.SIG.NNN www.SIGnnn.com In Cooperation With Sands Investment Group Indiana, LLC IN Lic. # RC52000211 BoR: Andrew Ackerman - IN Lic. # RB20001918 JIFFY LUBE 3 TABLE OF CONTENTS 04 06 07 12 14 INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summary Property Images City Overview Tenant Profile Investment Highlights Rent Roll Location, Aerial & Retail Maps Demographics © 2021 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all proJections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these proJections, market assumptions and cash flow analysis are subJect to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. ACTUAL PROPERTY IMAGE INVESTMENT 4 SUMMARY Sands Investment Group is Pleased to Present Exclusively For Sale the 1 , 440 SF Jiffy Lube Located at 3711 South Reed Road in Kokomo, Indiana.
    [Show full text]
  • Analysis of Proposed Consent Orders to Aid Public Comment
    63100 Federal Register / Vol. 67, No. 197 / Thursday, October 10, 2002 / Notices comments will be considered by the The Commission’s complaint charges Education regarding such activity shall Commission and will be available for that the proposed respondents falsely be controlling. inspection and copying at its principal represented that information collection Part III of the orders prohibits the office in accordance with section from high school students through the proposed respondents from using or 4.9(b)(6)(ii) of the Commission’s Rules survey is shared only with colleges, disclosing for any noneducational- of Practice, 16 CFR 4.9(b)(6)(ii)). universities, and other entities related marketing purpose any providing education-related services personally identifiable information that Analysis of Proposed Consent Orders when, in fact, such information is also was collected through surveys To Aid Public Comment shared with commercial entities for distributed prior to the date of service The Federal Trade Commission has marketing purposes. The complaint also of the orders. In addition to the accepted agreements, subject to final alleges that the proposed respondents educational purposes excepted from the approval, to (1) a proposed consent falsely represented that the survey is definition of ‘‘noneducational-related order from the National Research Center funded solely by educational marketing purpose,’’ Part III also for College and University Admissions, institutions when, in fact, the survey permits the proposed respondents to use Inc. (‘‘NRCCUA’’) and its officer Don M. also receives substantial funding from such information for the purpose of (a) Munce (‘‘Munce’’), and (2) a proposed ASL, a commercial entity.
    [Show full text]
  • 15-Year Corp. Abs. NNN Lease 10% Rent Increases Every 5 Years
    15-Year Corp. Abs. NNN Lease Jiffy Lube 10% Rent Increases Every 5 Years Excellent Visibility Along Highway 114 $3,802,000 | 5.45% CAP Located Adjacent to Texas Motor Speedway and Tanger Outlets Fort Worth SEC Championship Parkway & Texas Hwy 114, Fort Worth, Texas (DFW Metro) INTRO Jiffy Lube International, Inc. ("Jiffy Lube"), with more than 2,500 franchised service centers in North America, serves over 20 million customers each year. Jiffy Lube pioneered the fast oil change industry in 1979 by establishing the first drive-through service bay, providing customers with fast, professional service for their vehicles. Headquartered in Houston, Jiffy Lube is a wholly owned, indirect subsidiary of Shell Oil Company. Visit www.JiffyLube.com to learn more about Jiffy Lube and vehicle care. 2 SECURE NET LEASE OVERVIEW INVESTMENT OVERVIEW JIFFY LUBE FORT WORTH, TX $3,802,000 5.45% CAP NOI 15-Year Corporate Absolute NNN Lease. Rare NNN lease with 10% rent increases every 5-years, starting year $207,185 6 in primary term and year 16 in options. Land Area Jiffy Lube is the largest and most well known fast lube company in North America with over 2,200 locations. ±0.73 AC Strategically located along Highway 114 near I-35W with 97,340 VPD. Subject property is situated directly Occupancy across from Texas Motor Speedway, the premier motorsports facility in Texas, hosting IndyCar and 100% NASCAR Cup series races. The venue has a seating capacity of 181,655. Building Area Located in dense retail corridor with tenants ±4,042 SF including Bucee's, Whataburger, In-N-Out Burger, Chick-fil-A and Tanger Outlets Fort Worth featuring retailers including Nike, Restoration Hardware, H&M Year Built and Polo Ralph Lauren outlets.
    [Show full text]
  • Jiffy Lube 1247 S Hairston Road Stone Mountain, GA 30083 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY
    1 Jiffy Lube 1247 S Hairston Road Stone Mountain, GA 30083 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY: JESS KAPPELMAN KYLE CARLISLE ANDREW ACKERMAN Lic. # 701105 Lic. # 739343 Lic. # 311619 512.856.7719 | DIRECT 512.806.1021 | DIRECT 770.626.0445 | DIRECT [email protected] [email protected] [email protected] 1501 Johnson Ferry Road, Suite 200 Marietta, GA 30062 844.4.SIG.NNN www.SIGnnn.com In Cooperation With Sands Investment Group Atlanta, LLC - Lic. # 67374 3 SANDS INVESTMENT GROUP TABLE OF CONTENTS 04 06 07 12 14 INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summary Property Images City Overview Tenant Profile Investment Highlights Rent Roll Location, Aerial & Retail Maps Demographics © 2021 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all proJections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these proJections, market assumptions and cash flow analysis are subJect to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
    [Show full text]