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Sam's Club Operates 597 Membership Warehouse Clubs in 44 U.S

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Sam's Club Operates 597 Membership Warehouse Clubs in 44 U.S 1 Absolute NNN Lease Investment Opportunity 2500 W Plank Rd | Altoona, PA 16601 Actual Property Image EXCLUSIVELY MARKETED BY: 2 MAX FREEDMAN Lic. # 644481 512.766.2711 | DIRECT [email protected] 2101 S IH 35, Suite 402 Austin, TX 78741 CHRIS SANDS JENNIFER STEIN 844.4.SIG.NNN Lic. # 93103 Lic. # RM422728 www.SIGnnn.com 310.870.3282 | DIRECT 213.446.5366 | DIRECT In Cooperation with JDS Real Estate Services – Lic # RB068057 [email protected] [email protected] © 2018 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 it’s 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. TABLE OF CONTENTS 3 Sam’s Club | 2500 W Plank RD | Altoona, PA 16601 Investment Overview Investment Summary Investment Highlights Area Overview Location Map Retail Map Demographics City Overview Tenant Overview Tenant Profile Lease Abstract Lease Summary Rent Roll INVESTMENT OVERVIEW 4 INVESTMENT SUMMARY 5 Sands Investment Group is pleased to present for sale the Sam’s Club located at 2500 W Plank Road in Altoona, Pennsylvania. This is an Absolute Triple Net (NNN) Lease investment opportunity with zero Landlord responsibilities. The building is approximately 135,744 SF. OFFERING SUMMARY PRICE $14,931,657 CAP 7.00% NOI $1,045,216 PRICE PER SF $110 YEARS REMAINING 5+ Years LEASE GUARANTY Wal-Mart Stores, Inc. PROPERTY SUMMARY ADDRESS 2500 W Plank Road Altoona, PA 16601 COUNTY Blair BUILDING AREA 135,744 SF LAND AREA 18.29 AC Click to Play Video BUILT 1996 6 HIGHLIGHTS Ideal DemoGraphics with Over 61,000 Residents Within 5-Miles and Over 106,000 Within 10-Miles Rare Fee Simple, Absolute Triple Net (NNN) Lease Situated Near Interstate 99 – Major HiGhway RunninG North/South ThrouGh Altoona and Pennsylvania Wal-Mart Stores, LLC Has Exercised Their Second of Six (6), Five (5) Extensions ShowinG Commitment to this Location Located 2 Hours East of Pittsburgh Sam’s Club Has Been at this Location Since 1992 Home to the Altoona Curve Baseball Team (AA Eastern with SiGnificant Investment in the Expansion of the League & Affiliate of the Pittsburgh Pirates), and Penn Store State-Altoona which has an Enrollment of Over 4,100 Students Sam’s Club Added Additional Square FootaGe and Nearby Tenants Include: Walmart Supercenter, The Gas at Their Own Expense Salvation Army, T.J.Maxx, TGI Friday’s, Chick-fil-A, TarGet, Field & Stream, Petco and Many More AREA OVERVIEW 7 8 Sam’s Club | 2500 W Plank Rd | Altoona, PA 16601 BLAIR COU9NTY CONVENTION CENTER Park Hills Plaza 10 Long Valley Mall Park Hills Golf Course Blair County Convention Center Plank Road Commons Hollidaysburg Area Senior High School Charles W. Longer Elementary School DEMOGRAPHICS 11 Sam’s Club | 2500 W Plank Rd | Altoona, PA 16601 Population 3-MILE 5-MILE 10-MILE 27,752 61,220 104,206 Average Household Income 3-MILE 5-MILE 10-MILE $67,847 $56,981 $58,225 CITY OVERVIEW 12 Altoona | Altoona MSA Downtown Altoona UPMC Altoona Altoona Curve Stadium Altoona Economy Culture Altoona is a city in Blair County, Pennsylvania. It is The top field of employment in Altoona and the The city is home to the Altoona Curve baseball team the principal city of the Altoona Metropolitan metro area is healthcare. Facilities include: UPMC of the Double A Eastern League, which is the Statistical Area (MSA). Altoona, PA MSA had a 2016 Altoona with its many local facilities that employ affiliate of the Major League Baseball population of 124,650 ranking it 314th in the United thousands, Healthsouth Rehabilitation Hospital and team Pittsburgh Pirates. It also houses the 75-plus- States. In 2016, Altoona, PA (MSA) had a per capita its several local facilities, James E. Van Zandt VA year-old Altoona Symphony Orchestra, under the personal income (PCPI) of $41,754. Its location along Medical Center, dozens of doctors offices, and over direction of Teresa Cheung. Prominent landmarks I-99 draws from a large trade area over a wide 20 nursing homes and assisted living facilities. include the Horseshoe Curve, the Railroaders geographic area that extends to State College and Altoona is the linchpin of Tri-City Region. Altoona Memorial Museum, the Juniata Shops of the Altoona Johnstown and over 40 miles south along I-99 past I- draws the most retail customers in the region due to Works, the Mishler Theatre, the Cathedral of the 70. Altoona is located approximately 16 miles from its centralized location and to the fact that it has the Blessed Sacrament and the Jaffa Shrine Center. the Altoona-Blair County Airport. best complementary retail of the three markets with 2,800,000 square feet of retail space. TENANT OVERVIEW 13 TENANT PROFILEPROFILE 14 Sam's West, Inc. is an American chain of membership-only retail warehouse clubs owneD anD operateD by Walmart, founDeD in 1983 anD nameD after Walmart founDer Sam Walton. As of January 31, 2018, Sam's Club operates 597 membership warehouse clubs in 44 U.S. states. Membership-only warehouse chain selling a variety of bulk grocery items, electronics & home gooDs. According to Business InsiDer, the Sam's Club closings anD plans to convert some stores into e-commerce fulfillment centers as announceD in January 2018 are part of Walmart's growing commitment to online retailing that will allow it to better compete with its rival Amazon. Wal-Mart Stores, Inc. complements anD extenD the impact of Walmart’s social anD environmental initiatives through philanthropic efforts. Through both in-kinD anD cash gifts, Walmart, the Walmart Foundation anD Sam’s Club give over $1 billion annually to projects that create opportunity, enhance sustainability anD strengthen community. COMPANY TYPE FOUNDED # OF LOCATIONS HEADQUARTERS WEBSITE Subsidiary 1983 597 Bentonville, AK saMsclub.coM LEASE ABSTRACT 15 LEASE SUMMARY 16 TENANT Wal-Mart Stores, Inc. PREMISES A Building of Approximately 135,744 SF LEASE COMMENCEMENT August 1, 1992 LEASE EXPIRATION July 31, 2023 LEASE TERM 5+ Years RENEWAL OPTIONS 4 x 5 Year Options RENT INCREASES N/A LEASE TYPE Absolute Triple Net (NNN) Lease USE Wholesale Shopping PROPERTY TAXES Tenant’s Responsibility INSURANCE Tenant’s Responsibility COMMON AREA Tenant’s Responsibility STRUCTURE Tenant’s Responsibility ROOF MAINTENANCE Tenant’s Responsibility ROOF REPAIRS OR REPLACEMENT Tenant’s Responsibility HVAC Tenant’s Responsibility UTILITIES Tenant’s Responsibility RIGHT OF FIRST REFUSAL No RENT ROLL 17 Actual Property Images Actual Property Image SIZE ANNUAL RENT LEASE TERM TENANT SQUARE % OF ANNUAL RENT INCREASE RENTAL LEASE LEASE OPTIONS NAME FOOTAGE TOTAL BASE RENT PER SF DATES INCREASE BEGIN END Wal-Mart Stores, Inc. 135,744 SF 100% $1,045,216 $7.70 N/A N/A 08/01/1992 07/31/2023 4 x 5 Years CONFIDENTIALITY AGREEMENT 18 The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum has been prepared to provide summary, unverified 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, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment 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. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. 19 EXCLUSIVELY MARKETED BY: MAX FREEDMAN CHRIS SANDS JENNIFER STEIN 2101 S IH 35, Suite 402 Lic. # 644481 Lic. # 93103 Lic. # RM422728 Austin, TX 78741 844.4.SIG.NNN 512.766.2711 | DIRECT 310.870.3282 | DIRECT 213.446.5366 | DIRECT www.SIGnnn.com [email protected] [email protected] [email protected] In Cooperation with JDS Real Estate Services – Lic # RB068057.
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