1 OFFERING MEMORANDUM Triple Net (NNN) Lease Investment Opportunity 11720 RanCh Road 620 N | Cedar Park, TX 78613 EXCLUSIVELY MARKETED BY: 2 MAX FREEDMAN Lic. # 644481 512.766.2711 | DIRECT [email protected] 2101 SoutH IH 35, SuIte 402 AustIn, TX 78741 CHRIS SANDS DAN HOOGESTEGER 844.4.SIG.NNN Lic. # 93103 Lic. # 01376759 www.SIGnnn.com 310.870.3282 | DIRECT 310.853.1419 | DIRECT In CooperatIon wItH Sands Investment Group AustIn, LLC - Lic. # 9004706 [email protected] [email protected] © 2019 Sands Investment Group (SIG). The information contaIned in thIs ‘OfferIng Memorandum,’ has been obtaIned from sources belIeved to be relIable. Sands Investment Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representatIon or warranty about the accuracy contaIned hereIn. It is the responsIbIlIty of eacH individual to conduct thorougH due dilIgence on any and all information that is passed on about the property to determIne it’s accuracy and completeness. Any and all projectIons, market assumptIons and casH flow analysIs are used to help determIne a potentIal overvIew on the property, however there is no guarantee or assurance these projectIons, market assumptIons and casH flow analysIs are subject to change witH property and market condItIons. Sands Investment Group encourages all potentIal interested buyers to seek advIce from your tax, financIal and legal advIsors before makIng any real estate purcHase and transaction. TABLE OF CONTENTS 3 AutoZone | 11720 Ranch Road 620 N | Cedar Park, TX 78613 Investment Overview Investment Summary Investment Highlights Property Overview Location Map Aerial Maps Retail Map Area Overview City Overview Demographics Tenant Overview Tenant Profile Lease Abstract Lease Summary Rent Roll Actual Property Image INVESTMENT SUMMARY 4 Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,520 SF AutoZone Located at 11720 Ranch Road 620 N in Cedar Park, Texas. This Long-Term Triple Net (NNN) Lease with Zero Landlord Responsibilities, Provides For a Secure Investment. OFFERING SUMMARY PRICE $3,225,806 CAP 4.65% NOI $150,000 PRICE PER SF $584.39 YEARS REMAINING ~15 Years GUARANTOR AutoZone Parts, Inc. PROPERTY SUMMARY ADDRESS 11720 Ranch Road 620 N Cedar Park, TX 78613 COUNTY Williamson BUILDING AREA 5,520 SF LAND AREA 1.146 AC BUILT 2006 Actual Property Image Only 1.5-Miles to the Lakeline Mall (29.5 Acres),5 HIGHLIGHTS Lakeline Plaza (35.6 Acres), and Parkline Shopping Center (10 Acres), Walmart Supercenter, and HEB Plus! at the Intersection of Ranch Road 620 and Hwy 183 Long-Term 15 Year Triple Net Lease With Zero Landlord Responsibility Just 2-Miles South of the Austin Community College Cypress Creek Campus (Servicing North Austin, Cedar Park, & Leander) Located on a Signalized Corner of El Salido Parkway at Ranch Road 620 With Traffic Counts of Over 37,400 VPD Notable Lake Travis is Only a Short 15 Minute Drive With Attractions like Volente Beach Resort & Waterpark, Hippie Hollow Park, and the Oasis on Lake Excellent Demographics with Over 77,700 Travis (Known for Their Sunset Dinners on the Deck) Residents Making an Average of $114,183 in a 3-Mile Radius Nearby Tenants Include: Walgreens, CVS, Exxon, Wendy’s, Wells Fargo, Walmart, 7-Eleven, Sonic, HEB Cedar Park is Ranked Among the 15 Fastest- Plus!, Panda Express, Starbucks, Circle K, Shell, Christian Growing Large Cities and Towns in the U.S. Brothers Automotive, Mr. Sharky’s Car Wash, VCA Between July 2016 and July 2017, With the Lakeline Animal Hospital and Many More Population Increasing By 4.2% 6 AutoZone | 11720 Ranch Road 620 N | Cedar Park, TX 78613 7 Advance Family Dentistry Pkwy Salido El N FM 620 8 N FM 620 El Salido Pkwy 8 9 N FM 620 El Salido Pkwy Anderson Mill Rd CITY OVERVIEW 10 Cedar Park | Williamson County | Texas CEDAR PARK, TX AUSTIN, TX BARTON SPRINGS Cedar Park, TX Economy Contemporary Life Cedar Park is a city in Williamson County in the Due to their close proximity, Austin’s economy The city is home to Brushy Creek Lake Park, which state of Texas. The city’s estimated 2017 population affects Cedar Park’s. Austin is considered to be a is a park set around a 38-acre lake with trails, a was 75,704 residents.A small portion of Cedar Park major center for high-tech. Thousands of graduates playground, fishing pier & wildlife viewing area. The extends into neighboring Travis County. The city is a each year from the engineering and computer city is also near the Texas Museum of Science & major suburb of Austin, which is approximately 16 science programs at the University of Texas at Technology, which is a planetarium and museum miles to the southeast. Cedar Park is also part of Austin provide a steady source of employees that displaying 3 billion years of the earth's history. The Austin Metropolitan Statistical Area, which had a help fuel Austin's technology and defense industry city is a short 20 minute drive to downtown Austin. population of about 2 million residents in 2017. sectors. Austin is also home to about 85 Austin is home to the Zilker Metropolitan Park, the Cedar Park is home to the Texas Stars of the pharmaceutical and biotechnology companies. The Texas Capitol, the Barton Springs Municipal Pool, American Hockey League and the Austin Spurs of city was ranked by the Milken Institute as the #12 Mount Bonnell, Brush Square Musems, and a lively the NBA G League; both play home games at the biotech and life science center in the U.S. Whole downtown filled with bars, shopping opportunities, famous H-E-B Center. Foods Market is also headquartered in Austin. and unique restaurants. DEMOGRAPHICS 11 AutoZone | 11720 Ranch Road 620 N | Cedar Park, TX 78613 Cedar Park Population Middle School El Salido 1-MILE 3-MILE 5-MILE Anderson Mill Rd 9,958 77,702 173,402 Pkwy (126,658 VPD) (126,658 (8,650 VPD) (24,746 VPD Average Household Income Woodlands N FM 620 (37,464 VPD) Greens Golf PurPle Sage Center Elementary 1-MILE 3-MILE 5-MILE School $111,280 $114,183 $114,686 Westwood High School TENANT PROFILE 12 AutoZone is an American retailer of aftermarket automotive parts and accessories, and it is the largest in the United States. The company was founded in 1979, and today has over 6,000 stores across the United States, Mexico, and Brazil. For more than 30 years, AutoZone has been committed to providing the best parts, prices and customer service in the automotive aftermarket industry. AutoZone has a rich culture and history of going the Extra Mile for its customers and its community. AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. Since opening its first store in Forrest City, Arkansas on July 4, 1979, the company has joined the New York Stock Exchange (NYSE: AZO) and earned a spot in the Fortune 500. AutoZone also sell automotive diagnostic and repair software through ALLDATA, diagnostic and repair information through alldatadiy.com, and auto and light truck parts and accessories through AutoZone.com. COMPANY TYPE FOUNDED # OF LOCATIONS HEADQUARTERS WEBSITE NYSE: AZO 1979 6,000+ Memphis, TN autozone.com LEASE SUMMARY 13 TENANT AutoZone Parts, Inc. PREMISES A Building of Approximately 5,520 SF LEASE COMMENCEMENT November 1, 2018 LEASE EXPIRATION October 31, 2033 LEASE TERM ~15 Years Remaining RENEWAL OPTIONS 4 x 5 Years RENT INCREASES 5% Every 5 Years & Options LEASE TYPE Triple Net (NNN) PERMITTED USE Automotive PROPERTY TAXES Tenant’s Responsibility INSURANCE Tenant’s Responsibility COMMON AREA Tenant’s Responsibility ROOF & STRUCTURE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility HVAC Tenant’s Responsibility UTILITIES Tenant’s Responsibility RIGHT OF FIRST REFUSAL Yes Actual Property Image RENT ROLL 14 AutoZone | 11720 Ranch Road 620 N | Cedar Park, TX 78613 Actual Property Images SIZE ANNUAL RENT LEASE TERM TENANT SQUARE % OF ANNUAL RENT RENTAL INCREASE LEASE LEASE OPTIONS NAME FOOTAGE TOTAL BASE RENT PER SF INCREASE DATES BEGIN END Every 5 Years AutoZone Parts, Inc. 5,520 SF 100% $150,000 $27.17 5% 11/01/2018 10/31/2033 4 x 5 Years & Options CONFIDENTIALITY AGREEMENT 15 The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum 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, 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 Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.