WALMART/SAM’S SHADOW ANCHORED SHOPS 1401 Veterans Parkway | Clarksville, Indiana 47129 ACTUAL PHOTO OFFERING MEMORANDUM Represented by: Justin Zahn 7825 East Gelding Drive, Suite 104 | Scottsdale, AZ 85260 (480) 214-5088 phone | Email: [email protected] IN ASSOCIATION WITH: (480) 907-2955 fax | www.ciadvisor.com MICHAEL OFSANSKY REALTORS CONFIDENTIALITY AGREEMENT WALMART/SAM'S SHADOW ANCHORED SHOPS – CLARKSVILLE, INDIANA | 2 The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the ppyarty receiving it from Commercial Investment Advisors and should not be made available to any other person or entity without the written consent of Commercial Investment Advisors. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Commercial Investment Advisors has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Commercial Investment Advisors has not verified, and will not verify, any of the information contained herein, nor has Commercial Investment Advisors conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR COMMERCIAL INVESTMENT ADVISORS FOR MORE DETAILS. Justin Zahn | 7825 East Gelding Drive | Suite 104 | Scottsdale, AZ 85260 |(480) 214-5088 phone | (480) 907-2955 fax | [email protected] | www.ciadvisor.com The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy. INVESTMENT OVERVIEW WALMART/SAM'S SHADOW ANCHORED SHOPS – CLARKSVILLE, INDIANA | 3 NAME WALMART/SAM'S SHADOW ANCHORED SHOPS ABOUT THE PROPERTY INTERSECTION On Veterans Parkway, West of I-65 9 100% Occupied Class “A” Retail Center (58% are National Tenants) LIST PRICE $4,871,000 9 Pad Site to Walmart & Sam’s Club LIST CAP RATE 8. 25% 9 Loca te d in PRIMARY Re ta il Corr idor in Floy d & Clar k Coun ties (Nearby Retailers Include: Lowe’s, Target, Bass Pro Shops, CASH ON CASH RETURN 11.50% Best Buy, etc.) ACTUAL OCCUPANCY 100% 9 Strong Historical Occupancy and Located in a Low Vacancy/Highbh Barriers to Entry Submarket RENTABLE SQ. FT. 20,000 9 Total Daytime Population of 140,777 (5-Mile Ring) with an PRICE PER SQ. FT. $243.55 Average Household Income that Exceeds $62,200 (3-Mile Ring) AVERAGE RENT PER SQ. FT. $21.04 KENTUCKIANA OWNERSHIP Fee Simple MEDICAL CENTER YEAR BUILT 2010 N LOT SIZE 1. 88 Acres CONSTRUCTION Brick/Steel Frame ROOF Standing Seam Metal PARKING LOT Asphalt (93 Spaces) WALMART/SAM'S SHADOW ANCHORED SHOPS Justin Zahn | 7825 East Gelding Drive | Suite 104 | Scottsdale, AZ 85260 |(480) 214-5088 phone | (480) 907-2955 fax | [email protected] | www.ciadvisor.com The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy. FINANCIAL ANALYSIS WALMART/SAM'S SHADOW ANCHORED SHOPS – CLARKSVILLE, INDIANA | 4 SUMMARY PROPOSED FINANCING SUMMARY List Price $4,871,000 All Cash or Buyer to obtain new financing at Close of Escrow. List CAP Rate 8.25% 65% Loan to Value $3,166,150 Cash on Cash Return 11.50% 35% Down Payment $1,704,850 Rentable Square Feet 20,000 Amortization 25 Years Price per Square Foot $243.55 Fixed for 5 Years 4.25% ANNUALIZED OPERATING DATA Fixed for 7 Years 4.75% *** For more information, please contact Geoffrey D. Harris of INCOME Meridian Capital Group at (214) 207-3002. *** 2014 Gross Rental Income $426,132 Expense Reimbursement $105,766 ANNUALIZED EXPENSES Gross Annual Income $531,898 All Tenants are on NNN leases with the exception of Indiana EXPENSES National Guard. Operating Expenses ($105,766) Vacancy (4.0%) ($21,276) Reserves ((pq)$0.15 per sq. ft.) ((,$3,000) 2013 ANNUALIZED OPERATING EXPENSES Total Expenses ($130,042) Property Taxes $73,049 NET OPERATING INCOME $401,856 Insurance $9,592 Management Fee (3.12%) $12,811 Less Debt Service (Fixed for 5 Years – 4.25%) $205,827 Electric $$,53,549 Cash on Cash Return (11.50%) $196,029 Lawn Care $1,571 Principal Reduction $72,667 Plow/Salt Parking Lot $267 Total Return (15.76%) $268,696 Trash Removal $3,794 Wastewater $1,133 Total Operating Expenses $105,766 Justin Zahn | 7825 East Gelding Drive | Suite 104 | Scottsdale, AZ 85260 |(480) 214-5088 phone | (480) 907-2955 fax | [email protected] | www.ciadvisor.com The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy. RENT ROLL WALMART/SAM'S SHADOW ANCHORED SHOPS – CLARKSVILLE, INDIANA | 5 STE TENANT SQ. FT. % OF LEASE NNN LEASE LEASE ANNUAL ANNUAL OPTIONS # GLA TYPE REIMBURSEMENTS COMMENCE EXPIRATION RENT/SF RENT 100 Sweet Frog Frozen Yogurt (2) 2,390 11.95% NNN $12,639.00 04/01/12 03/31/15 $22.94 $54,825 Two 3-Year Options 200 Go Wireless (2) 900 4.50% NNN $2,700.00 12/01/13 01/31/17 $17.00 $15,300 One 3-Year Option $16,667 Annually 300 Studio Pizza (2) 2,900 14.50% NNN $15,336.12 03/01/10 02/19/18 $25.70 $74,517 Two 5-Year Options 400 Edward Jones & Co. (()1) 1, 050 5. 25% NNN $5, 552. 64 10/01/09 12/31/14 $17. 14 $18, 000 One 5-Year Option $19,200 Annually 500 Sleep Outfitters (1) 3,600 18.00% NNN $19,037.88 06/01/10 05/31/11 $19.50 $70,200 Two 5-Year Options 06/01/14 05/31/15 $20.00 $72,000 1st : $79,200 Annually 2nd: $90,000 Annually 700 Weight Watchers of North 2,050 10.25% NNN $10,841.04 10/01/10 09/30/15 $22.00 $45,100 One 3-Year FIXED Rents America (1) Yr 1: $46,453 Annually Yr 2: $47,847 Annually Yr 3: $49,282 Annually 800 Indiana National Guard (1) 1,500 7.50% Gross N/A 08/01/10 07/31/14 $28.14 $42,210 One 4-Year with a 60 Day Notice 900 State Farm Insurance (3) 1,000 5.00% NNN $5,288.28 12/01/11 11/30/16 $18.00 $18,000 Two 5-Year Options 1st: $20,700 Annually 2nd: $23,796 Annually 1000 Sam Meyers Formal Wear (2) 1,250 6.25% NNN $6,610.32 07/01/10 06/30/15 $22.00 $27,500 One 5-Year Option $31,625 Annually 1100 America’s Best Eyeglasses (1) 3,360 16.80% NNN $17,768.64 08/01/10 07/31/15 $18.00 $60,480 Two 5-Year FIXED Rents Yr 6-10: $66,528 Annually Yr 11-15: $$,73,181 Annually CURRENT TOTALS 20,000 100% $95,774 $21.04(Avg) $426,132 Occupied 20,000 100% Vacant 0 0% (1) – Corporate | (2) – Regional Tenant | (3) – Local Credit Justin Zahn | 7825 East Gelding Drive | Suite 104 | Scottsdale, AZ 85260 |(480) 214-5088 phone | (480) 907-2955 fax | [email protected] | www.ciadvisor.com The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy. SITE PLAN WALMART/SAM'S SHADOW ANCHORED SHOPS – CLARKSVILLE, INDIANA | 6 Indiana Sam Meyers Go Nat’l Formal Wireless Studio Pizza Guard Wear 2,390 900 2,900 1,050 3,600 2,050 1,500 1,000 1,250 3,360 SF SF SF SF SF SF SF SF SF SF Justin Zahn | 7825 East Gelding Drive | Suite 104 | Scottsdale, AZ 85260 |(480) 214-5088 phone | (480) 907-2955 fax | [email protected] | www.ciadvisor.com The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy. TENANT PROFILE WALMART/SAM'S SHADOW ANCHORED SHOPS – CLARKSVILLE, INDIANA | 7 sweetFrog PiPremium Frozen YtYogurt isachihainof frozen yogurt retiltail stores owned Since 1983, Sleep Outfitters of Kentucky, Ohio, Indiana, Tennessee & West and operated by Sweet Frog Enterprises, LLC. The customers create their own Virginia, has guaranteed the lowest prices on all the best mattress combination of delicious, soft-serve premium frozen yogurt, then finish it off with any brands. Currently, there are 16 Sleep Outfitter locations. toppings they choose. sweetFrog topping bar is stocked fresh every day with the best The team at Sleep Outfitters, Mattress Warehouse and Mattress King, as part of ingredients for a light snack, a decadent dessert, and everything in between. “You pick the parent company Innovative Mattress Solutions based in Winfield, WV, the flavors, you add the toppings, you make it your way!” believes a better night’s sleep is the foundation of a healthy lifestyle. Their Currently, there are 280+ sweetFrog locations in 27 states and is comfort and price promises help customers rest easy, knowing they have 120 headquartered in Richmond, Virginia.