OFFERING MEMORANDUM 9192 US-36 | Avon, IN | 1 9192 US-36 | Avon, IN EXCLUSIVELY LISTED BY CONTENTS NICK KAYE TOM ARAGONE EXECUTIVE SUMMARY ASSOCIATE ASSOCIATE 03 direct (949) 662-2253 direct (949) 662-2250 mobile (360) 621-0412 mobile (714) 926-9534 FINANCIAL OVERVIEW
[email protected] [email protected] 04 License No. 02089451 (CA) License No. 02046483 (CA) WESLEY CONNOLLY BROKER OF RECORD TENANT OVERVIEW ASSOCIATE VICE PRESIDENT KYLE MATTHEWS 06 License No. RC51700140 (IN) direct (949) 432-4512 mobile (707) 477-7185 AREA OVERVIEW
[email protected] 10 License No. 01962332 (CA) INVESTMENT HIGHLIGHTS • Investment Grade Credit Tenant - Key Bank, a subsidiary of Key Corporation, holds an S&P (BBB+) and holds roughly $171 Billion in assets with over 1,000 branches spanning in 15 states. • Absolute NNN Ground Lease- There are roughly 9.5 years remaining on an Absolute Ground NNN lease with zero landlord responsibilities and Three (3), Five (5) year option periods. The tenant is responsible for all expenses: taxes, insurance, and maintenance; including roof and structure. • Healthy Rental Increases - There are 5% rental increases every Five (5) years throughout the initial term, and 10% every Five (5) years in the option periods; providing a strong hedge against inflation. • Located Adjacent to Shopping Center - The property is located adjacent to a major shopping center with national tenants such as a Walmart Supercenter, Goodwill, Chase Bank, Hobby Lobby, and Popeyes. • 2010 Construction - The building was Key Bank’s 2010 retail drive-thru prototype, with 4,183 SF and Three (3) drive-thru lanes.