christian brothers - east wichita, ks

EAST WICHITA, KS

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CHRISTIAN BROTHERS AUTOMOTIVE-EAST WICHITA

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

CBAC - East Wichita1302 North Woodlawn BoulevardWichita, KS 67208

Lease summary

Lease Term 15 Years

Lease Commencement At Close of Escrow

Lease Expiration 15 Years from COE

Remaining Term 15 Years

Lease Type NNN

Roof & Structure Tenant

Increases 1.5% Starting in Yr 6

Options 5 x 10 Years

Options to Purchase No

Offering summary

Price $2,400,000

Cap Rate 6.25%

Net Operating Income (NOI) $150,000

Year Built 2015

Gross Leasable Area (GLA) 4,945 SF

Lot Size 0.77 Acres

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Annualized Operating DataPrimary Term Rent Increases

Yrs 1-5: $150,000.00 -

Yr 6: $152,250.00 1.50%

Yr 7: $154,533.75 1.50%

Yr 8: $156,851.76 1.50%

Yr 9: $159,204.53 1.50%

Yr 10: $161,592.60 1.50%

Yr 11: $164,016.49 1.50%

Yr 12: $166,476.74 1.50%

Yr 13: $168,973.89 1.50%

Yr 14: $171,508.50 1.50%

Yr 15: $174,081.12 1.50%

Net Operating Income $150,000

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TENANT & LEASE INFORMATION

Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service. In 2008, Christian Brothers announced a growth initiative that would take their brand to approximately 200 stores throughout the southeast, lower midwest and southwest United States by 2017.

TenanT summary

Tenant Christian Brothers Automotive

Ownership Private

Market Cap See Agent For Details

Sales Volume See Agent For Details

Number of Locations 125+

Years In Business 30+ Years

Headquarters Houston, TX

Website www.cbac.com

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INVESTMENT HIGHLIGHTS

• Long-Term Absolute Triple-Net Lease

• Zero Landlord Responsibility

• 15-Year Primary Term with Options up to 65 Years

• One and One-Half Percent Annual Rent Escalations

• Strong Corporate Guarantee

• Population within a Five-Mile Radius is Over 188,000 People

• Traffic Counts Are Over 24,000 Vehicles Per Day

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5This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

CHRISTIAN BROTHERS AUTOMOTIVE-EAST WICHITAELEVATION

Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location.

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CHRISTIAN BROTHERS AUTOMOTIVE-EAST WICHITASITE PLAN

Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location.

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CHRISTIAN BROTHERS AUTOMOTIVE-EAST WICHITAAERIAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE-EAST WICHITALOCAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE-EAST WICHITAREGIONAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE-EAST WICHITAMARKET SUMMARY

WICHITA, KS

Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area.

The city began as a trading post on the Chisholm Trail in the 1860s, then was incorporated in 1870. It subsequently became a key destination for cattle drives traveling north from Texas to access railroads, earning it the nickname “Cowtown”. In the 1920s and 1930s, businessmen and aeronautical engineers established a number of successful aircraft manufacturing companies in Wichita including Beechcraft, Cessna, and Stearman Aircraft. The city transformed into a hub of U.S. aircraft production and became known as “The Air Capital of the World”. Beechcraft, Cessna, (both now part of Textron Aviation) and other firms including Learjet, Airbus, and Spirit AeroSystems continue to operate design and manufacturing facilities in

Wichita today, and the city remains a major center of the U.S. aircraft industry.

As an industrial hub and the largest city in the state, Wichita is an area center of culture, media, and trade. It hosts several large museums, theatres, parks, and entertainment venues, notably Intrust Bank Arena. Several universities are located in the city including Wichita State University, the third largest in the state. The city’s daily newspaper, The Wichita Eagle, has the highest circulation of any newspaper in Kansas, and the Wichita broadcast television market includes the western two-thirds of the state. Wichita is also home to two large shopping malls, Towne East Square and Towne West Square, as well as the Century II Performing Arts & Convention Center and Kansas’s largest airport, Wichita Dwight D. Eisenhower National Airport.

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CHRISTIAN BROTHERS AUTOMOTIVE-EAST WICHITADEMOGRAPHIC SUMMARY

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri Forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

PoPulation

In the identified area, the current year population is 188,035. In 2010, the Census count in the area was 184,141. The rate of change since 2010

was 0.40% annually. The five-year projection for the population in the area is 191,565 representing a change of 0.37% annually from 2015 to

2020. Currently, the population is 49.3% male and 50.7% female. The median age of the population in your area is 32.4, compare this to the

Entire US average which is 37.9.

HouseHolds The household count in this area has changed from 73,979 in 2010 to 75,566 in the current year, a change of 0.41% annually. The five-year

projection of households is 77,073, a change of 0.40% annually from the current year total. Average household size is currently 2.43, compared

to 2.43 in the year 2010. The number of families in the current year is 44,459 in the specified area.

income

Current median household income is $41,142 in the area, compared to $53,217 for all U.S. households. Median household income is projected

to be $48,168 in five years, compared to $60,683 for all U.S. households. Current average household income is $61,560 in this area, compared

to $74,699 for all U.S. households. Average household income is projected to be $70,634 in five years, compared to $84,910 for all U.S.

households. Current per capita income is $24,911 in the area, compared to the U.S. per capita income of $28,597. The per capita income is

projected to be $28,576 in five years, compared to $32,501 for all U.S. households.

Race and etHnicity The current year racial makeup of your selected area is as follows: 84.7% White, 2.6% Black, 0.4% Native American and 2.7% Asian/Pacific

Islander. People of Hispanic origin are counted independently of race.

People of Hispanic origin make up 39.3% of the current year population in your selected area. Compare this to the Entire US average of 17.6%.

Housing In 2015, there were 37,905 owner occupied housing units in your area and there were 37,660 renter occupied housing units in your area. The

median home value in the area is $144,218.

emPloyment

In 2015, there are 85,307 employees in your selected area, this is also known as the daytime population. 58.2% of employees are employed in

white-collar occupations in this geography, and 23.7% are employed in blue-collar occupations. In 2015, unemployment in this area is 8.2%.

Geography: 5 Miles

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CHRISTIAN BROTHERS AUTOMOTIVE-EAST WICHITADEMOGRAPHIC STATISTICS

Traffic cOunTs

incOme 1 mile 3 miles 5 miles

$ 0 - $14,999 13.4% 17.3% 16.4%

$ 15,000 - $24,999 10.1% 12.7% 13.2%

$ 25,000 - $34,999 10.1% 11.9% 12.8%

$ 35,000 - $49,999 16.6% 15.5% 15.5%

$ 50,000 - $74,999 16.9% 15.8% 16.5%

$ 75,000 - $99,999 8.7% 10.0% 9.5%

$100,000 - $149,999 12.5% 9.4% 9.2%

$150,000 - $199,999 6.8% 3.5% 3.5%

$200,000 + 4.8% 3.9% 3.5%

2015 Median Household Income $49,628 $41,664 $41,142

2015 Per Capita Income $31,340 $26,577 $24,911

2015 Average Household Income $74,006 $63,234 $61,560

POPulaTiOn 1 mile 3 miles 5 miles

2000 Population 9,556 84,037 173,236

2010 Population 9,357 85,763 184,141

2015 Population 9,701 87,340 188,035

2020 Population 9,964 88,841 191,565

HOuseHOlds 1 mile 3 miles 5 miles

2000 Households 3,848 35,442 70,837

2010 Households 3,823 36,063 73,979

2015 Households 3,980 36,819 75,566

2020 Households 4,094 37,510 77,073

2015 Average Household Size 2.38 2.31 2.43

Daytime Population 4,306 40,314 85,306

2000 Owner Occupied Housing Units 68.9% 51.0% 48.7%

2000 Renter Occupied Housing Units 25.7% 39.5% 41.1%

2000 Vacant 5.4% 9.4% 10.1%



2015 Vacant 7.2% 11.2% 11.6%



2020 Vacant 7.3% 11.4% 11.8%

24,800

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 Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical 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. Vitorino Group 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, PCBs or asbestos, the compliance with local, 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, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker

who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers

and landlords.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Information About Brokerage Services

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

(1) shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner;(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

exclusively listed

469.844.8880 | VITORINOGROUP.COM

christian brothers - east wichita, ks

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