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Walmart Neighborhood Market Ground Lease OFFERING MEMORANDUM 3520 Richmond Road, Texarkana, Texas

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Walmart Neighborhood Market Ground Lease OFFERING MEMORANDUM 3520 Richmond Road, Texarkana, Texas Walmart Neighborhood Market Ground Lease OFFERING MEMORANDUM 3520 Richmond Road, Texarkana, Texas Net Lease Investment Services In association with: Christopher Sheldon Andrew Bogardus Christina Campanella Ed Colson Jr., CCIM +1 415 677 0441 +1 415 677 0421 +1 415 677 0456 TX Lic #635820 [email protected] [email protected] [email protected] CA Lic #01806345 CA Lic #00913825 NY Lic #10401243503 Net Lease Investment Services Disclaimer The information contained in this marketing brochure (“Materials”) is proprietary The information contained in the Materials has been obtained by Agent from and confidential. It is intended to be reviewed only by the person or entity receiving sources believed to be reliable; however, no representation or warranty is made the Materials from DTZ (“Agent”). The Materials are intended to be used for regarding the accuracy or completeness of the Materials. Agent makes no the sole purpose of preliminary evaluation of the subject property/properties representation or warranty regarding the Property, including but not limited to (“Property”) for potential purchase. income, expenses, or financial performance (past, present, or future); size, square footage, condition, or quality of the land and improvements; presence or absence The Materials have been prepared to provide unverified summary financial, of contaminating substances (PCB’s, asbestos, mold, etc.); compliance with laws property, and market information to a prospective purchaser to enable it to and regulations (local, state, and federal); or, financial condition or business establish a preliminary level of interest in potential purchase of the Property. The prospects of any tenant (tenants’ intentions regarding continued occupancy, Materials are not to be considered fact. The information contained in the Materials payment of rent, etc). A prospective purchaser must independently investigate is not a substitute for thorough investigation of the financial, physical, and market and verify all of the information set forth in the Materials. A prospective purchaser conditions relating to the Property. is solely responsible for any and all costs and expenses incurred in reviewing the Materials and/or investigating and evaluating the Property. By receiving the Materials you are agreeing to the Confidentiality and Disclaimer set forth herein. Walmart Neighborhood Market i Net Lease Investment Services Investment Offering & Highlights The Offering • Approximately 6.103 acres of land, ground leased to Walmart Neighborhood Market for 20 years and guaranteed by Wal-mart Stores, Inc., beneath a brand new 41,921 square foot supermarket and 754 square foot fuel station built in 2015. The improvements were constructed and owned by the tenant. • Price: $6,890,000 – 4.50% Cap Rate Tenant / Lease • Walmart Stores, Inc. is ranked #1 on the Fortune 500 • Walmart had revenues of $476 billion, net income of $16 billion and a total stockholders’ equity of $76 billion for the fiscal year ending January 2014 • S&P rated “AA” investment grade credit • New 20 year ground lease with no landlord maintenance responsibilities • Extremely attractive 10% rental increase in Year 11 and 5% rental increases every 5 years starting in the options Real Estate / Area Strengths • Brand new construction • Located at the intersection of Richmond Road and Moores Road • Solid real estate intrinsics at $25.91 per square foot (land) • Large lot size • Richmond Road is a major retail corridor in northwestern Texarkana with solid traffic counts • Average household incomes of over $85,000 within 1 mile Walmart Neighborhood Market ii Table of Contents Disclaimer i Investment Offering & Highlights ii Investment Overview 1 Walmart Neighborhood Market 2 Site Plan 3 Aerials 4 Location Map 6 Texarkana Area Map 7 Economy 8 Education 8 Transportation 9 Demographics 10 In association with: Christopher Sheldon Andrew Bogardus Christina Campanella Ed Colson Jr., CCIM +1 415 677 0441 +1 415 677 0421 +1 415 677 0456 TX Lic #635820 [email protected] [email protected] [email protected] CA Lic #01806345 CA Lic #00913825 NY Lic #10401243503 Net Lease Investment Services Investment Overview Location Annual Rent 3520 Richmond Road, Texarkana, Texas Years Annual Rent Return 1 - 10 $310,065 4.50% Lot Size 11 - 20 $341,072 4.95% Approximately 6.103 acres – 265,846± square feet 21 - 25 (Option 1) $358,125 5.20% 26 - 30 (Option 2) $376,031 5.46% Improvements 31 - 35 (Option 3) $394,833 5.73% Completed in 2015, a 41,921± square foot single story retail building and 754 square foot fuel station for WALMART NEIGHBORHOOD MARKET. 36 - 40 (Option 4) $414,575 6.02% 41 - 45 (Option 5) $435,303 6.32% • The improvements are built and owned by the tenant. The improvements are not for sale. 46 - 50 (Option 6) $457,068 6.63% 51 - 55 (Option 7) $479,922 6.97% Lease 56 - 60 (Option 8) $503,918 7.31% Leased to WAL-MART REAL ESTATE BUSINESS TRUST dba WALMART 61 - 65 (Option 9) $529,114 7.68% NEIGHBORHOOD MARKET, and guaranteed by WAL-MART STORES, INC., for 66 - 70 (Option 10) $555,570 8.06% 20 years from March 2015 until March 2035. The annual net rent of $310,065 71 - 75 (Option 11) $583,348 8.47% increases by 10% in Year 11. The lease is triple net with the tenant responsible 76 - 80 (Option 12) $612,515 8.89% for all taxes, insurance and maintenance, including roof and structure. There are fifteen 5-year options to renew with 5% increases in each option. 81 - 85 (Option 13) $643,141 9.33% 86 - 90 (Option 14) $675,298 9.80% Rent Per Square Foot 91 - 95 (Option 15) $709,063 10.29% $7.40 net per year – $0.62 net per month (as applied to building) Price: $6,890,000 – 4.50% Cap Rate Financing The property will be delivered free and clear of permanent financing. *Seller needs to close after July 18, 2015 Walmart Neighborhood Market 1 Net Lease Investment Services Walmart Neighborhood Market WALMART NEIGHBORHOOD MARKET, a subsidiary of WAL-MART STORES, INC., (NYSE: WMT), is a chain of grocery stores launched by Walmart in 1998. With over 286 Neighborhood Markets in the United States, they feature a wide variety of products, including fresh produce, deli foods, fresh meat and dairy items, health and beauty aids, one-hour photo and traditional photo developing services, drive-through pharmacies, stationery and paper goods, pet supplies, and household chemicals. The Neighborhood Market is Walmart’s smaller grocery concept which gives customers a more convenient shopping experience than the typical Walmart Supercenter. The Supercenter is typically 160,000 square feet and in contrast the Neighborhood Market is approximately 40,000 square feet and has a fuel center for increased convenience. Walmart’s strategy is to open another 270 of these small-format stores and have a total of 500 operating by early 2015. For the fiscal year ended January 31, 2014, Wal-Mart Stores, Inc., reported total revenue of $476 billion, net income of $16.02 billion and stockholder’s equity of $76.25 billion. Additional information can be found at www.walmart.com. WAL-MART STORES INC., GUARANTEES THE LEASE. Walmart Neighborhood Market 2 STORM WATER DETENTION AREA DETENTION WATER STORM 73 DOCK DOORS DOCK DELIVERY (NAP) E Multi-Tenant FedEx Ground Retail Building DRIVE-THRU N A L S TRASH E COMPACTOR Walmart Neighborhood Market R O 41,921± SF O M Net Lease Investment Services SIGN C.C. MONUMENT C.C. VAN C.C. VAN C.C. C.C. C.C. SERVICE BLDG 754 SF VAN Site Plan RICHMOND ROAD SHARED TENANT SIGN RICHMOND R MINTON’S SPORTSPLEX CORNERSTONE O SUBWAY METHODIST AD RETIREMENT WILLIAMS COMMUNITY MEMORIAL DAY MIDSOUTH BANK SCHOOL BROOKDALE SENIOR LIVING MOORES LANE Multi-Tenant Retail Building TEXARKANA FIRST BANK TEXANA BANK NA (NAP) TWIN CITY TITLE CORPORATE DRIVE SHERWIN- WILLIAMS PAINTS HEALTHCARE FARMERS BANK EXPRESS RICHMOND R & TRUST O AD RED RIVER THE SANCTUARY CREDIT UNION MEDICAL SPA MOORIS LANE MOORIS LANE GUARANTY BANK & TRUST WEST VILLAGE SHOPPING CENTER Walmart Neighborhood Market 4 DOLLAR GENERAL SUMMERHILL R O AD RICHMOND R O 30 AD CHRISTUS ST. MICHAEL HEALTH SYSTEM RICHMOND R O RICHMOND AD RANCH SHOPPING CENTER CENTRAL TEXARKANA MALL PAVILION TOWN WEST SHOPPING CENTER 30 RICHMOND R OAD S U M M E R H I L L R O A TEXARKANA D NEW BOSTON ROAD COLLEGE 87 395 NEW BO S TON R OAD 87 NEW BOSTON ROAD Walmart Neighborhood Market 5 R I C H M O N D R O A D S MOORES LANE U M M E MOORES LANE R H I L L R O D Location A A D O R K E E The property is located at 3520 Richmond Road R C 559 N at Moores Lane, 3 miles north of Interstate 30. O M M O C National and regional tenants in the immediate 71 CHRISTUS area include Subway, Dollar General, Sonic Drive- MCKNIGHT ROAD E ST. MICHAEL IV DR In, Wendy’s, Sam’s Club, Subway, Kohl’s, Payless EL A H HEALTH IC M . ShoeSource, Chick-fil-A, Office Depot, Starbucks, ST SYSTEM S R U Dollar Tree and Super 1 Foods . I C M H M M E O E V I ND R R D LL H R A I O M L A L ARKANSAS BOULEVARD D R O 59 A D D A O R L E E R C N O CENTRAL M M W. 40TH STREET MALL O C J E KENNEDY LANE F F E E R IV DR S L O AL M N A V E N U 30 E RI 93 CHM O ND RO AD COLLEGE DRIVE D A COLLEGE DRIVE T O E X R A T L S 559 S E U B B M O U M L E E R V E.
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