Jiffy Lube 1247 S Hairston Road Stone Mountain, GA 30083 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY
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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. ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 4 INVESTMENT SUMMARY Sands Investment Group is Pleased to Exclusively Offer For Sale the 2 , 024 SF Jiffy Lube at 1247 S Hairston Road in Stone Mountain, GA. This Opportunity Includes a Long Term 13 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secure Investment. OFFERING SUMMARY PRICE $1,071,911 CAP 6.06% NOI $65,000 PRICE PER SF $529.60 GUARANTOR Franchise PROPERTY SUMMARY ADDRESS 1247 S Hairston Road Stone Mountain, GA 30083 COUNTY DeKalb BUILDING AREA 2,024 SF LAND AREA 0.78 AC BUILT 1986 5 JIFFY LUBE HIGHLIGHTS § Long Term 13 Year Triple Net (NNN) Lease With § Location Has Easy Access to Loop 285 and Zero Landlord Responsibilities Downtown Atlanta (16-Miles) and is Also 20-Miles From Hartsfield-Jackson Atlanta International Airport § With the Rental Increase of $68,250 Starting 10/01/2021, the Cap Rate Will Adjust to 6.37% § Stone Mountain Park, Home to the World’s Largest Single Piece of Exposed Granite, is Just 7-Miles Away and is the Most Visited Destination in Georgia; § Strong 158+ Unit Franchisee Guarantee The Park Offers Trails, Museums, Scenic Railroad, Laser & Fireworks Shows, Riverboat Cruises, Camping and Much More § Adjacent to the Crowe’s Crossing Shopping Center Located Along S Hairston Road Which Has a Traffic Count of Over 25,500 VPD § The 1996 Summer Olympic Games’ Tennis, Archery, and Track Cycling Were Held in Stone Mountain Park § Dense Residential Area With a Population of Over 255,149 Residents Making an Average Household § Nearby Tenants Include: Kroger, Wendy’s, Dollar Income of $64,788 Within a 5-Mile Radius General, Papa John’s, Popeyes, Walgreens, Chevron, BP, Wells Fargo, Pizza Hut, Family Dollar and Zaxby’s LEASE SUMMARY 6 TENANT Jiffy Lube PREMISES A Building of Approximately 2,024 SF LEASE COMMENCEMENT September 30, 1986 LEASE EXPIRATION September 30, 2033 LEASE TERM 12+ Years Remaining RENEWAL OPTIONS None RENT INCREASES 5% Every 3 Years LEASE TYPE Triple Net (NNN) PERMITTED USE Automotive PROPERTY TAXES Tenant’s Responsibility INSURANCE Tenant’s Responsibility COMMON AREA Tenant’s Responsibility ROOF & STRUCTURE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility HVAC Tenant’s Responsibility UTILITIES Tenant’s Responsibility RIGHT OF FIRST REFUSAL No SQUARE ANNUAL RENT FOOTAGE BASE RENT PER SF $65,000 Through 09/30/2021 2,024 SF $32.11 $68,250 - Starting 10/01/2021 ACTUAL PROPERTY IMAGE ACTUAL PROPERTY IMAGES 7 8 ATLANTA 9 Redan Rd S Hairston Rd 10 DOWNTOWN ATLANTA Redan Rd 11 Redan Rd S Hairston Rd S Hairston STONE MOUNTAIN | DEKALB COUNTY | GA 12 Stone Mountain is a city in DeKalb County in the state of Georgia. The population was about 6,281 residents according to the 2019 US Census estimate. Stone Mountain is located in the eastern part of DeKalb County and is a suburb of Atlanta that encompasses nearly 1.7 square miles. The city is a gateway to Stone Mountain Park, named for the vast monolith at its center. Etched into the rock’s side, the Confederate Memorial Carving depicts Civil War generals Stonewall Jackson and Robert E. Lee, plus President Jefferson Davis. A trail and the Summit Skyride cable car lead to the rock's peak. The city is located 12 miles to Atlanta’s downtown. Atlanta's economy is considered diverse, with dominant sectors that include aerospace, transportation, logistics, professional and business services, media operations, medical services, and information technology. Atlanta’s economy is the 8th largest in the county and the 17th-largest in the world. Corporate operations play a major role in Atlanta’s economy, as the city claims the nation’s third-largest concentration of Fortune 500 companies. It also hosts the global headquarters of corporations like the Coca-Cola Company, The Home Depot, UPS, Delta Air Lines, AT&T Mobility, Chick-fil-A, and Turner Broadcasting. Over 75% of Fortune 1000 companies conduct business operations in the city's metro area, and the region hosts offices of over 1,250 multinational corporations. Stone Mountain’s most popular attraction is the Stone Mountain itself. The attraction includes laser shows at night, a Rockin’ Land and Lake Tour, a Dinotorium, a Skyride and so much more. The city is only a 25 minute drive to Atlanta, which is the seventh-most visited city in the U.S., with over 35 million visitors per year. The most popular attraction among visitors to Atlanta is the Georgia Aquarium, the world's largest indoor aquarium. Atlanta's tourism industry is mostly driven by the city's history museums and outdoor attractions. Atlanta is also home to the World of Coca-Cola, a museum dedicated to the iconic soft drink. Atlanta is home to professional franchises for four major team sports: the Atlanta Braves of Major League Baseball, the Atlanta Hawks of the NBA, the Atlanta Falcons of the NFL, and Atlanta United FC of MLS. ATLANTA, GA STONE MOUNTAIN SUNTRUST PARK (BRAVES STADIUM) 3 MILES 5 MILES 10 MILES 13 POPULATION 91,822 255,149 819,984 AVERAGE HH $60,514 $64,788 $87,629 INCOME (25,511 VPD) Redan Rd (20,835 VPD) S Hairston Rd S Hairston 14 JIFFY LUBE TENANT PROFILE Jiffy Lube International, Inc. (“Jiffy Lube”), has more than 2,200 franchised service centers in North America and serves approximately 20 million customers each year. Jiffy Lube pioneered the fast oil change industry in 1971 by establishing the first drive-through service bay, providing customers with fast, professional service for their vehicles. In June 2011, Jiffy Lube introduced a new program called Oil Change Schedule (OCS). The new program allows Jiffy Lube customers to choose how often they have their oil changed based on a number of variables including vehicle manufacturer recommendations, driving habits, and road conditions. The OCS program moves away from the old model of changing oil every 3,000 miles and provides a schedule that is unique for each driver. This new program has helped the company receive thousands of new clients. Today the company is headquartered in Houston, Texas and the company is a subsidiary of Royal Dutch Shell since 2002. Royal Dutch Shell PLC, commonly known as Shell, is a British-Dutch oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is one of the oil and gas "supermajors" and the third-largest company in the world measured by 2018 revenues (and the largest based in Europe). In the 2019 Forbes Global 2000, Shell was ranked as the ninth-largest company in the world (and the largest outside China and the United States), and the largest energy company. COMPANY TYPE FOUNDED LOCATED IN HEADQUARTERS WEBSITE Subsidiary 1971 2,200+ Houston, TX jiffylube.com ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 15 CONFIDENTIALITY AGREEMENT 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.