CITGO GAS STATION HUNTSVILLE, AL
OFFERING 2064 HIGHWAY 72 EAST MEMORANDUM HUNTSVILLE, AL 35811 OFFERING MEMORANDUM
THIS IS AN OFFERING MEMORANDUM intended for the Citgo Gas Station located at 2064 Highway 72 East, Huntsville, AL 35811 as more particularly described here-in (“Property”). This memorandum contains information pertaining to the Property’s seller and has been prepared by BRAUN, (“BRAUN”). Although the seller has reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the seller, nor any of its members, officers, directors, employees or agents, nor BRAUN, nor broker, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The seller, BRAUN and broker disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental condition of the property, or as to any other aspect of the property.
PAGE | 2 800.784.5884 x2211 | BraunWorldbid.com CITGO GAS STATION section 1 2064 Highway 72 East | Huntsville, AL 35811 section 2 Demographics section 3 Financials section 4 Property Plans section 5 Information
800.784.5884 x2211 | BraunWorldbid.com
1230 Rosecrans Ave. Suite 160 | Manhattan Beach, CA 90266 | fax 310.798.3123 Los Angeles | San Francisco | New York | Chicago | Cleveland | Miami
BRE #01912556
CITGO GAS STATION The Property 2064 HIGHWAY 72 EAST | HUNTSVILLE, AL 35811 Property 1 Description Demographics Financials Property Plans Property
PAGE | 4 800.784.5884 x2211 | BraunWorldbid.com Information CITGO Property Description PROPERTY INFORMATION
■■ Location: 2064 Highway 72 East, Huntsville, AL 35811 ■■ Size: 2.62 acres ■■ Shape: Rectangular ■■ Frontage: The site has 210 feet of frontage on HWY 72 East ■■ Topography: The site is level at street grade ■■ Drainage: Drainage appears adequate ■■ Utilities and Services: Public utilities include power and water ■■ Parking: Ample Parking ■■ Use: The site is currently in good standing as a Citgo gas station and truck stop ■■ Building Size: 4,175 Sq Ft + 4,140 Sq Ft gas station pump canopy ■■ APN: 3-1E-15.00.I-2 ■■ 12 pumping stations ■■ 3 Diesel Fuel Stations ■■ Total Monthly Rent from Tenants: $3,100 ■■ Listing Price: $1.999 Million
PAGE | 5 800.784.5884 x2211 | BraunWorldbid.com CITGO Property Description
PAGE | 6 800.784.5884 x2211 | BraunWorldbid.com INDOORS
C-STORE RESTAURANT Property Description
LIQUOR STORE
PAGE | 7 800.784.5884 x2211 | BraunWorldbid.com OVERHEAD VIEW
Property Description
PAGE | 8 800.784.5884 x2211 | BraunWorldbid.com
Demographics Property 2 Description Demographics Financials Property Plans Property
PAGE | 9 800.784.5884 x2211 | BraunWorldbid.com Information PAGE ca’s Dozen Distinctive Destinations for 2010”list. The National Trust for Historic Preservation included Huntsville in its “Ameri tunities. ond to none - with a variety of educational, recreational, and cultural oppor retail industries.of manufacturing, andservice The qualityoflife here issec Home to several Fortune 500companies, Huntsville alsooffers abroad base Personal Finance namedHuntsville asAmerica’s BestCityof2009. best placesto live andwork by avariety ofnational publications. Kiplinger’s recognized It is consistently cities in the Southeast. recognized as one of the that travels for 337milesfrom Memphis, TN; Huntsville isoneofthemost Located AlabamaonHighway inNorthern 72;amajoreast–west highway OVERVIEW THE MARKET THE | 10 800.784.5884 x2211 |BraunWorldbid.com - - - Downtown Huntsville
Demographics PAGE research inthearea withmore than7,700students versity ofAlabamainHuntsville isacenter for andengineering technology The cityishometoover 17universities, colleges andtechnicalschools. Uni tan area becamethe2ndlargest inAlabamawithapopulation of435,737. census hadatotalpopulation of683,871.In2013,theHuntsville metropoli five-county Huntsville-Decatur Combined Statistical Area, which at the2013 Huntsville isthefourth-largest cityinAlabamaandthelargest cityinthe OVERVIEW DEMOGRAPHICS | 11 800.784.5884 x2211 |BraunWorldbid.com . - - University Alabama of
Demographics PAGE 70 shopsandrestaurants. is anupscalelifestyle center Bridge Street Town Centre featuring more than closed shopping center and Parkway Place, an upscale shopping mall. There ville hastwoenclosedmalls—MadisonSquare Mall,Alabama’s largest en There are several stripmallsandshoppingthroughout the city. Hunts education institutions. ness incubator, technology-oriented highschools, andcompetitive higher enterprises,high-tech USSpaceandDefense busi agencies, atechnology tenants includefifty-seven 500 companies,Fortune localandinternational minutes away, ishometo300companies, employing over 25,000persons. Its employment. CummingsAerospace Research Park inHuntsville, less than 20 The Huntsville-Madison County economy isrepresented byvarious of sectors Alabama. center inthenorthern mediate area. The Huntsville metropolitan area isthelargest commercial Huntsville isabusinesshubanddraws consumers from wellbeyond itsim ECONOMIC INFORMATION | 12 800.784.5884 x2211 |BraunWorldbid.com - - - - Madison Square Mall,Huntsville Alabama
Demographics PAGE CITY OF HUNTSVILLE Production, transportation, material moving Construction, extraction, maintenance/repair Farming, fishing, forestry Sales, administrative office, support Personal care Building maintenance Food preparation, serving Firefighters, law enforcement Healthcare support Healthcare practitioners andtechnology design,Arts, entertainment media,sports, Education, library Legal Community, socialservices computers,Engineering, science Management, business, finance POPULATION BY OCCUPATION Income greater than200K Income between 150Kand200K Income between 100Kand150K Income between 75Kand100K Income between 60Kand75K Income between 50Kand60K Income between 40Kand50K Income between 30Kand40K Income between 20Kand30K ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME Family MedianIncome Household Income Income perCap. Income Taxes Sales Taxes Future JobGrowth ECONOMY | 13 800.784.5884 x2211 |BraunWorldbid.com 5.00% 9.00% 31.60% HUNTSVILLE, AL 10.46% 6.23% 0.19% 24.30% 2.87% 4.45% 6.24% 1.65% 2.19% 5.17% 1.99% 6.09% 0.97% 1.57% 11.23% 14.39% 4.36% 5.19% 12.49% 10.97% 8.83% 7.18% 8.17% 9.97% 12.37% $65,947 $48,632 $30,299 4.72% 6.00% 36.10% STATESUNITED 12.10% 8.56% 0.73% 24.89% 3.54% 3.97% 5.61% 2.24% 2.47% 5.49% 1.88% 6.10% 1.17% 1.66% 5.24% 14.36% 4.64% 4.78% 12.82% 12.25% 10.09% 8.08% 8.95% 9.90% 10.57% $64,585 $53,046 $28,051
Demographics
Financials Property 3 Description
EXPRESS SPIRIT 2014 CITGO FUEL EXPRESS 2014 MONTH SALES TAX TOTAL MTD MONTH BEER GROCERY OTHER TOTAL MTD
January 14812.48 1183.30 15995.78 15995.78 January 16376.39 26593.57 16261.85 59231.81 59231.81 Demographics February 14392.00 1147.28 15539.28 31535.06 February 14251.85 25895.29 15179.82 55326.96 114558.77 March 15771.88 1419.17 17191.05 48726.11 March 19110.81 30042.82 16392.70 65546.33 180105.10 April 13975.07 1257.60 15232.67 63958.78 April 17271.47 29379.92 15952.89 62604.28 242709.38 May 14923.87 1342.88 16266.75 80225.53 May 20388.06 32258.02 16977.14 69623.22 312332.60 June 12950.33 1164.37 14114.70 94340.23 June 17739.65 31108.56 16381.54 65229.75 377562.35 July 13302.20 1197.09 14499.29 108839.52 July 18280.79 31069.88 16165.24 65515.91 443078.26
August 12353.54 1111.63 13465.17 122304.69 August 19218.38 30052.44 16976.83 66247.65 509325.91 Financials September 12155.50 1093.79 13249.29 135553.98 September 17200.10 28390.47 17347.41 62937.98 572263.89 October 12205.14 1098.32 13303.46 148857.44 October 18098.61 24203.09 16312.78 58614.48 630878.37 November 12790.00 1150.95 13940.95 162798.39 November 17795.32 22441.07 14805.05 55041.44 685919.81 December 13846.20 1246.10 15092.30 177890.69 December 19081.80 23264.64 16541.44 58887.88 744807.69 Total 163478.21 14412.48 177890.69 Total 214813.23 334699.77 195294.69 744807.69 Property Plans Property
PAGE | 14 800.784.5884 x2211 | BraunWorldbid.com Information FINANCIALS
CITGO FUEL EXPRESS GALLON YEAR: 2014 MONTH UNLEAD PLUS SUPER GAS DIESEL OFF DIESEL KERO TOTAL SALES YTD TOTAL ROAD TOTAL January 36789.15 2576.99 2986.01 42352.15 45515.74 904.41 46420.15 899.17 89671.47 59231.81 59231.81 February 31325.72 2160.52 2434.19 35920.43 39382.14 622.22 40004.36 292.01 76216.80 55326.96 114558.77 March 36630.17 2736.10 2962.64 42328.91 39512.33 645.96 40158.29 194.64 82681.84 65546.33 180105.10 April 38018.64 2992.44 2810.96 43822.04 44529.56 617.37 45146.93 25.94 88994.91 62604.28 242709.38 May 39107.85 3056.86 3022.76 45187.47 45065.02 1235.35 46300.37 12.27 91500.11 69623.22 312332.60 June 38335.52 2927.55 2881.95 44145.02 48224.97 1346.93 49571.90 5.48 93722.41 65229.75 377562.35 July 38443.43 3077.53 3570.03 45090.99 51513.02 1063.98 52577.00 0 97667.99 65515.91 443078.25 August 38105.16 2738.60 3249.60 44093.36 46593.22 348.98 46942.20 0 91035.56 66247.65 509325.91 September 35267.91 2824.23 2703.86 40796.00 52658.13 1169.31 53827.44 12.65 94636.09 62937.98 572263.89 October 35523.99 2589.26 2736.71 40849.96 49837.80 492.42 50330.22 28.03 91208.21 58614.48 630878.37 November 34253.28 2611.52 3089.64 39954.44 42198.77 811.21 43009.98 269.39 83233.81 55041.44 685919.81
December 32889.41 2383.51 2858.85 38131.77 44997.98 1316.59 46314.57 199.06 84645.40 58887.88 744808.69 Financials Total 434690.23 32675.11 35307.20 502672.54 550028.68 10574.73 560603.41 1938.64 1065214.60 744807.69
PAGE | 15 800.784.5884 x2211 | BraunWorldbid.com
Property Plans Property 4 Description PLAT MAP - C-STORE Demographics Financials Property Plans Property
PAGE | 16 800.784.5884 x2211 | BraunWorldbid.com Information PROPERTY PLANS
PLAT MAP - ADJACENT VACANT LAND TRACT Property Plans Property
PAGE | 17 800.784.5884 x2211 | BraunWorldbid.com
Information Property 5 Description Demographics Financials Property Plans Property
PAGE | 18 800.784.5884 x2211 | BraunWorldbid.com Information INFORMATION
OFFERING PROCESS
Offers are being considered on a first-come-first-offer basis. We PROPERTY INFORMATION suggest buyers conduct their due diligence as quickly as possible. The property information is a complete compilation of docu- ments, forms, reports, and information related to the property and is available on our website for review and download. Email: [email protected]
■■ Fax: 310.798.8883 PROPERTY PREVIEW ■■ Mail: BRAUN Inc., 1230 Rosecrans Ave., Suite 160, Manhattan You may view the property at anytime. Beach CA 90266. Attention: Citgo Huntsville DUE DILIGENCE MATERIALS BUYER BROKER PARTICIPATION Braun is providing the following information: A two percent (2.0%) commission will be paid to any licensed agent who represents and registers a successful buyer. ■■ 2011 to 2014 Sales Reports ■■ Leases ■■ Operating Agreement
PAGE | 19 800.784.5884 x2211 | BraunWorldbid.com Information TIMELINE
PROPERTY INSPECTION You may preview the property at anytime.
COMPLETE DUE DILIGENCE After visiting the property, prospective buyers should perform their own due diligence, including review of the property information at BraunWorldbid.com.
Submit your offer with proof of funds.
PAGE | 20 800.784.5884 x2211 | BraunWorldbid.com Information DISCLAIMER
DISCLAIMER: BRAUN makes no representations or warranties on approved uses of the property. This brochure is provided for the sole purpose of allowing a potential buyer to evaluate the subject property. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor seller and broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any “hazardous materials” in relation to the property, such information shall in no way be con- strued as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, broker, sales agents or seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN will not be responsible if the property is unsatisfactory to the bidder in any way. All decisions by the Court shall be final. PROPERTY VALUE Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value.
PAGE | 21 800.784.5884 x2211 | BraunWorldbid.com