Automotive Portfolio
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OFFERING MEMORANDUM AUTOMOTIVE PORTFOLIO Lance LJ Marine Michael Zacharia Senior Vice President Senior Vice President +1 703 905 0331 +1 703 905 0268 [email protected] [email protected] THE OFFERING CBRE is pleased to extend the offer to purchase four single-tenant, freestanding, retail buildings in the Washington, D.C. Metro Area. This unique investment opportunity offers the option to purchase each property individually or as a complete portfolio, providing flexibility for both the user and the investor. In total, the improvements cover 29,000 SF of retail space, situated on just over 2.62 acres of land. Each property is conveniently located near a main road with regional accessibility to major interstates such as I-495, I-395, and I-95. Each location is perfectly positioned to service the high 14813 BALTIMORE BLVD, LAUREL, MD density of commuters in the DC market area. The portfolio is currently comprised of TOTAL SQUARE FOOTAGE: 7,100 SF automotive tenants Goodyear and Monro. PARCEL SIZE: 0.70 ACRES LEASE EXPIRATION: 7/31/2018 7100 MARLBORO PIKE, FORESTVILLE, MD TOTAL SQUARE FOOTAGE: 8,236 SF PARCEL SIZE: 1.06 ACRES LEASE EXPIRATION: 7/31/2022 6413 BACKLICK RD, SPRINGFIELD, MD TOTAL SQUARE FOOTAGE: 6,000 SF PARCEL SIZE: 0.40 ACRES 5406 INDIAN HEAD HWY, FOREST HEIGHTS LEASE EXPIRATION: 3/31/2022 TOTAL SQUARE FOOTAGE: 8,572 SF PARCEL SIZE: 0.46 ACRES LEASE EXPIRATION: 7/31/2018 AUTOMOTIVE PORTFOLIO AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT CBRE, Inc. operates within a global family of companies with many the information which prospective investors may require to evaluate a subsidiaries and related entities (each an “Affiliate”) engaging in a broad purchase of the Property. The information contained in this Memorandum has range of commercial real estate businesses including, but not limited to, been obtained from sources believed to be reliable, but has not been verified brokerage services, property and facilities management, valuation, investment for accuracy, completeness, or fitness for any particular purpose. All fund management and development. At times different Affiliates, including information is presented “as is” without representation or warranty of any CBRE Global Investors, Inc. or Trammell Crow Company, may have or kind. Such information includes estimates based on forward-looking represent clients who have competing interests in the same transaction. For assumptions relating to the general economy, market conditions, competition example, Affiliates or their clients may have or express an interest in the and other factors which are subject to uncertainty and may not represent the property described in this Memorandum (the “Property”), and may be the current or future performance of the Property. All references to acreages, successful bidder for the Property. Your receipt of this Memorandum square footages, and other measurements are approximations. This constitutes your acknowledgement of that possibility and your agreement that Memorandum describes certain documents, including leases and other neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such materials, in summary form. These summaries may not be complete nor Affiliates’ interest or involvement in the sale or purchase of the roperty.P In all accurate descriptions of the full agreements referenced. Additional instances, however, CBRE, Inc. and its Affiliates will act in the best interest of information and an opportunity to inspect the Property may be made their respective client(s), at arms’ length, not in concert, or in a manner available to qualified prospective purchasers. You are advised to detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their independently verify the accuracy and completeness of all summaries and respective businesses in a manner consistent with the law and all fiduciary information contained herein, to consult with independent legal and financial duties owed to their respective client(s). advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF Your receipt of this Memorandum constitutes your acknowledgement that (i) it THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of The Owner expressly reserves the right, at its sole discretion, to reject any or the Property, (ii) you will hold it in the strictest confidence, (iii) you will not all expressions of interest or offers to purchase the Property, and/or to disclose it or its contents to any third party without the prior written terminate discussions at any time with or without notice to you. All offers, authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. you will not use any part of this Memorandum in any manner detrimental to nor the Owner shall have any legal commitment or obligation except as set the Owner or CBRE, Inc. forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc. This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of © 2018 CBRE, Inc. All Rights Reserved TABLE OF CONTENTS 2. The Offering 5. Investment Overview • 7100 Marlboro Pike • 14813 Baltimore Avenue • 5406 Indian Head Highway • 6413 Backlick Road 17. The Market • Washington, DC CONTACT US Lance LJ Marine Michael Zacharia Senior Vice President Senior Vice President +1 703 905 0331 +1 703 905 0268 [email protected] [email protected] AUTOMOTIVE PORTFOLIO 7100 MARLBORO PIKE, FORSTVILLE, MD THE OFFERING 5 AUTOMOTIVE PORTFOLIO FORESTVILLE AERIAL 7100 Marlboro Pike MA RLBO RO PIKE 20,120 VPD D O Center at N N Forestville E L L Penn-Mar D R Shopping Center I V E 2 3 , 8 2 7 V P D 6 THE OFFERING MARKET OVERVIEW FORESTVILLE/DISTRICT HEIGHTS, MARYLAND Forestville, Maryland is located just 10 miles East of Washington, DC. Nestled in Prince George’s County, Forestville is adjacent to District Heights, with easy access to the Capital Beltway and Maryland Route 4. Its convenient location is perfect for commuters as it’s a short distance from the District and minutes from Andrews Air Force Base, UPS, Verizon, Maryland Hospital Center, FedEx Field, and the U.S. Census Bureau. The Forestville area offers a great suburban alternative to Washington, with easy and accessible transportation options for residents. 1 Mile 3 Miles 5 Miles Population 21,169 95,360 298,231 Average Household $68,509 $70,899 $71,767 Income Daytime Population 17,109 79,175 250,990 21,913 $235,883 26% MULTI-FAMILY UNITS AVERAGE HOUSING RESIDENTS WITH WITHIN 3 MILES VALUE COLLEGE EDUCATION 7 AUTOMOTIVE PORTFOLIO 14813 BALTIMORE AVENUE, LAUREL, MD THE OFFERING 9 AUTOMOTIVE PORTFOLIO LAUREL AERIAL Towne Centre at Laurel THE OFFERING Laurel Shopping Center CH ER R Y L A N E 1 8 ,9 1 0 V P D ON BOULEVARD 22, BALTIMORE AVENUE 37,242 VPD WASHINGT 092 VPD 2ND STR EET 48 ,565 VPD 14813 Baltimore Avenue 9 MARKET OVERVIEW LAUREL, MARYLAND Laurel, Maryland is a medium-sized city in northern Prince George’s County, home to a population of approximately 25,700 people. Conveniently located midway between Washington, DC and Baltimore, the town provides easy access to Interstates 95, 495, and the Baltimore-Washington Parkway. The Department of Defense has a prominent presence in Laurel, with the Fort Meade Army base, the National Security Agency, and Johns Hopkins University’s Applied Physics Laboratory all closely located. Laurel’s future job growth over the next ten years is projected to reach over 39.05%, making it an appealing market for investment. 1 Mile 3 Miles 5 Miles Population 21,525 91,296 165,222 Average Household $78,956 $98,425 $106,189 Income Daytime Population 25,733 81,311 148,215 22,442 $342,122 48.9% MULTI-FAMILY UNITS AVERAGE HOUSING RESIDENTS WITH WITHIN 3 MILES VALUE COLLEGE EDUCATION 10 AUTOMOTIVE PORTFOLIO 5406 INDIAN HEAD HWY, FOREST HEIGHTS, MD THE OFFERING 13 AUTOMOTIVE PORTFOLIO FOREST HEIGHTS AERIAL I N D I A N Eastover H Shopping Center E A D H I G H W A Y 2 8 , 4 8 0 V P D 5406 Indian Head Highway THE OFFERING 12 MARKET OVERVIEW FOREST HEIGHTS, MARYLAND Forest Heights is located conveniently near the Washington, DC and Maryland state border. The Capital Beltway is directly south of the town, providing an easy commute for locals. Several popular shopping centers surround the city and include Eastover Shopping Center, Rivertowne Shopping Center, the Gaylord National Resort & Convention Center, MGM National Harbor, and the Tanger Outlets. Over 10,000 vehicles per day commute to National Harbor, positioning Forest Heights as great location for access to the harbor and its neighboring amenities. 1 Mile 3 Miles 5 Miles Population 26,341 143,698 390,529 Average Household $53,176 $83,699 $103,673 Income Daytime Population 19,585 154,485 449,751 50,714 $402,498 49.4% MULTI-FAMILY UNITS AVERAGE HOUSING RESIDENTS WITH WITHIN 3 MILES VALUE COLLEGE EDUCATION 13 AUTOMOTIVE PORTFOLIO 6413 BACKLICK ROAD, SPRINGFIELD, VA THE OFFERING 17 15 INTERSTATE 95 229,000 VPD 229,000 95 INTERSTATE AUTOMOTIVE PORTFOLIO D Center P V 0 Concord D 0 Center Tower Shopping 0 Shopping P , V 7 7 0 0 0 , D 2 6413 Backlick Road A 2 O R L T L E I E BACKLICK ROAD 31,000 VPD M R T E S N E E E C K R E D M L M O O C Plaza Springfield SPRINGFIELD AERIAL THE OFFERING MARKET OVERVIEW SPRINGFIELD/BURKE, VIRGINIA Springfield is located in Fairfax County, Virginia, the Commonwealth’s most populous jurisdiction with over 13.6% of Virginia’s total population (30,000 residents).