CLAWSON | MI ™ OFFERING MEMORANDUM 7-ELEVEN 689 E 14 Mile Rd CLAWSON, MI 48017 TABLE OF CONTENTS 03 EXECUTIVE OVERVIEW 04 FINANCIAL OVERVIEW 05 PROPERTY OVERVIEW 08 AREA OVERVIEW LISTED BY JOSH BISHOP CHAD KURZ CALVIN SHORT VP & DIRECTOR svp & national director svp & senior director LIC # 01911198 (CA) LIC # 01927216 (CA) DIRECT (214) 692-2289 MOBILE (315) 730-6228 ARON CLINE BROKER OF RECORD
[email protected] svp & senior director kyle matthews LIC # 6505399495 (mi) LIC # 688810 (TX) LIC # 01904371 (CA) | 2 ExecutiveFort Myers Overview | FL Investment Highlights » Clawson named #8 of the 50 safest cities in Michigan » NNN Lease with Rent Growth - an 8% Increase in 2020 provides a great hedge against inflation » Investment Grade S&P Rated “AA-” - Corporate Guarantee » High-Quality Brick Construction 7-Eleven Built to Suit » Signalized Corner - 40,000 VPD » 3-Mile Population exceeds 105,000 » 1-Mile Average Household Income - $77,000 » Daily Commute Route - In close proximity to William Beaumont Hospital that has over 7,000 employees 3 | FINANCIALFort Myers Overview | FL Annualized Operating Data Monthly Rent Annual Rent RPSF Cap Rate 03/30/2014 - 03/31/2019 $6,667 $80,004.00 $26.58 5.13% 04/1/2019 - 06/1/2024 $7,200.00 $86,400.00 $28.70 5.54% Option 1 $7,776.00 $93,312.00 $31.00 5.98% Option 2 $8,398.08 $100,776.96 $33.48 6.46% Tenant Summary Investment Summary Tenant Trade Name 7-Eleven Type of Ownership Fee Simple » LIST PRICE $1,560,000 Lease Guarantor Corporate Guarantee Lease Type NNN » NOI (YEAR 1) $80,004 Roof and Structure