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: 3-2-15,00-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 PAGE PAGE | 9 2 800.784.5884 x2211 |BraunWorldbid.com Demographics Property Information Property Plans Financials Demographics Description THE MARKET OVERVIEW Located in Northern Alabama on Highway 72; a major east–west highway that travels for 337 miles from Memphis, TN; Huntsville is one of the most recognized cities in the Southeast. It is consistently recognized as one of the best places to live and work by a variety of national publications. Kiplinger’s Personal Finance named Huntsville as America’s Best City of 2009. Home to several Fortune 500 companies, Huntsville also offers a broad base of manufacturing, retail and service industries. The quality of life here is sec- Demographics ond to none - with a variety of educational, recreational, and cultural oppor- tunities. The National Trust for Historic Preservation included Huntsville in its “Ameri- ca’s Dozen Distinctive Destinations for 2010” list. Downtown Huntsville PAGE | 10 800.784.5884 x2211 | BraunWorldbid.com DEMOGRAPHICS OVERVIEW Huntsville is the fourth-largest city in Alabama and the largest city in the five-county Huntsville-Decatur Combined Statistical Area, which at the 2013 census had a total population of 683,871. In 2013, the Huntsville metropoli- tan area became the 2nd largest in Alabama with a population of 435,737. The city is home to over 17 universities, colleges and technical schools. Uni- versity of Alabama in Huntsville is a center for technology and engineering research in the area with more than 7,700 students. Demographics University of Alabama PAGE | 11 800.784.5884 x2211 | BraunWorldbid.com ECONOMIC INFORMATION Huntsville is a business hub and draws consumers from well beyond its im- mediate area. The Huntsville metropolitan area is the largest commercial center in the northern Alabama. The Huntsville-Madison County economy is represented by various sectors of employment. Cummings Aerospace Research Park in Huntsville, less than 20 minutes away, is home to 300 companies, employing over 25,000 persons. Its tenants include fifty-seven Fortune 500 companies, local and international Demographics high-tech enterprises, US Space and Defense agencies, a technology busi- ness incubator, technology-oriented high schools, and competitive higher education institutions. There are several strip malls and shopping malls throughout the city. Hunts- ville has two enclosed malls—Madison Square Mall, Alabama’s largest en- closed shopping center and Parkway Place, an upscale shopping mall. There is an upscale lifestyle center Bridge Street Town Centre featuring more than 70 shops and restaurants. Madison Square Mall, Huntsville Alabama PAGE | 12 800.784.5884 x2211 | BraunWorldbid.com CITY OF HUNTSVILLE ECONOMY HUNTSVILLE, AL UNITED STATES Future Job Growth 31.60% 36.10% Sales Taxes 9.00% 6.00% Income Taxes 5.00% 4.72% Income per Cap. $30,299 $28,051 Household Income $48,632 $53,046 Family Median Income $65,947 $64,585 ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME Income between 20K and 30K 12.37% 10.57% Income between 30K and 40K 9.97% 9.90% Income between 40K and 50K 8.17% 8.95% Demographics Income between 50K and 60K 7.18% 8.08% Income between 60K and 75K 8.83% 10.09% Income between 75K and 100K 10.97% 12.25% Income between 100K and 150K 12.49% 12.82% Income between 150K and 200K 5.19% 4.78% Income greater than 200K 4.36% 4.64% POPULATION BY OCCUPATION Management, business, finance 14.39% 14.36% Engineering, computers, science 11.23% 5.24% Community, social services 1.57% 1.66% Legal 0.97% 1.17% Education, library 6.09% 6.10% Arts, design, media, sports, entertainment 1.99% 1.88% Healthcare practitioners and technology 5.17% 5.49% Healthcare support 2.19% 2.47% Firefighters, law enforcement 1.65% 2.24% Food preparation, serving 6.24% 5.61% Building maintenance 4.45% 3.97% Personal care 2.87% 3.54% Sales, office, administrative support 24.30% 24.89% Farming, fishing, forestry 0.19% 0.73% Construction, extraction, maintenance/repair 6.23% 8.56% Production, transportation, material moving 10.46% 12.10% PAGE | 13 800.784.5884 x2211 | BraunWorldbid.com 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