christian brothers - huntersville, nc

HUNTERSVILLE, NC

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CHRISTIAN BROTHERS AUTOMOTIVE - HUNTERSVILLE

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 - Huntersville

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 Year

Options to Purchase No

Offering summary

Price $2,805,000

Cap Rate 6.25%

Net Operating Income $175,200

Year Built 2014

Gross Leasable Area 4,945 SF

Lot Size 1.37 Acres Representative Photo

annualized Operating dataPrimary Term Annual Increase

Yrs 1-5: $175,200 -

Yr 6: $177,828 1.50%

Yr 7: $180,495 1.50%

Yr 8: $183,203 1.50%

Yr 9: $185,951 1.50%

Yr 10: $188,740 1.50%

Yr 11: $191,571 1.50%

Yr 12: $194,445 1.50%

Yr 13: $197,362 1.50%

Yr 14: $200,322 1.50%

Yr 15: $203,327 1.50%

Net OperatiNg iNcOme $175,200

16618 Old Statesville RoadHuntersville, NC 28078

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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 50 Years

• One and One-Half Percent Annual Rent Escalations Starting Year 6

• Strong Corporate Guarantee

• 5 Mile Population Exceeds 89,000 People - 48% Increase Since 2000

• Average Household Income is 1.5x the National Average

• Traffic Counts Exceed 17,000 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 - HUNTERSVILLEELEVATION

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 - HUNTERSVILLESITE 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 - HUNTERSVILLEAERIAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE - HUNTERSVILLELOCAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE - HUNTERSVILLEREGIONAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE - HUNTERSVILLEMARKET SUMMARY

CHARLOTTE, NC

Charlotte is the largest city in the North Carolina and the second largest city in the Southeastern United States, just behind Jacksonville, Florida. Charlotte is also the third fastest-growing major city in the United States. In 2013, the estimated population of Charlotte according to the U.S. Census Bureau was 792,862, making it the 16th largest city in the United States based on population. The Charlotte metropolitan area ranks 23rd largest in the US and had a 2013 population of 2,335,358. The Charlotte metropolitan area is part of a sixteen-county market region or combined statistical area with a 2013 U.S. Census population estimate of 2,493,040. Residents of Charlotte are referred to as “Charlotteans”. Charlotte is considered a “Gam ma+ world city”.

The city is a major U.S. financial center, with both Bank of America and Wells Fargo’s East Coast operations headquartered in the city. Charlotte is also home of the Carolina Panthers

of the National Football League (NFL), the Charlotte Hornets of the National Basketball Association (NBA), the Charlotte Hounds of Major League Lacrosse, the NASCAR Hall of Fame, Carowinds amusement park, and the U.S. National Whitewater Center.

Nicknamed the Queen City, Charlotte and its resident county received its name in honor of Charlotte of Mecklenburg-Strelitz, who had become queen consort of Great Britain the year before the city’s founding. A second nickname derives from the American Revolutionary War, when British commander General Cornwallis occupied the city but was driven out by hostile residents, prompting him to write that Charlotte was “a hornet’s nest of rebellion”, leading to the nickname The Hornet’s Nest.

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CHRISTIAN BROTHERS AUTOMOTIVE - HUNTERSVILLEDEMOGRAPHIC SUMMARY

pOpulatiON

HOuseHOlds

iNcOme

race aNd etHNicity

HOusiNg

emplOymeNt

Geography: 5 miles

In the identified area, the current year population is 89,735. The rate of change since 2000 was 47.78%. The five-year projection for the population in the area is 102,158 representing a change of 12.16% from 2015 to 2020. Currently, the population is 49.3% male and 50.7% female. The median age in this area is 37.3, compared to the U.S. median agoe of 37.9.

There are currently 34,766 households in your selected georgraphy. The number of households has changed by 49.84% since 2000. It is estimated that the number of households in your area will be 39,724 five years from now, which represents a change of 12.48% from the current year. The average household size in your area is 2.52 persons.

In 2015, the median household income for your selected georgraphy is $82,188, compare this to the Entire U.S. average, which is currently $52,217. It is estimated that the median household income in your area will be $89,800 five years from now, which represents a change of 8.47% from the current year.

The current year per capita income in your area is $42,623, compare this to the Entire U.S. average, which is $28,597. The current year average household income in your area is $109,436, compare this to the Entire U.S. average, which is $74,699.

The current year racial makeup of your selected area is as follows: 82.9% White, 8.8% Black, 0.3% Native American and 3.2% Asian/Pacific Islander. Compare these to the Entire U.S. Averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 7.2% of the current year population in your selected area. Compare this to the Entire U.S. average of 17.6%.

In 2015, there were 24,660 owner occupied housing units in your area and there were 10,112 renter occupied housing units in your area. Median home value in the area is $$313,547.

In 2015, there are 47,888 employees in your selected area, this is also known as the daytime population. Currently, 74.1% of employees are employed in white-collar occupations in this geography, and 12.0% are employed in blue-collar occupations. In 2015, unemployment in this area is 3.6%.

Demographic data © 2015 esri

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CHRISTIAN BROTHERS AUTOMOTIVE - HUNTERSVILLEDEMOGRAPHIC STATISTICS

traffic cOunts

incOme 1 mile 3 miles 5 miles

$ 0 - $14,999 4.0% 5.2% 6.4%

$ 15,000 - $24,999 3.0% 5.8% 5.4%

$ 25,000 - $34,999 4.8% 6.5% 6.0%

$ 35,000 - $49,999 8.7% 11.3% 11.2%

$ 50,000 - $74,999 14.2% 16.4% 16.1%

$ 75,000 - $99,999 10.5% 15.4% 14.3%

$100,000 - $149,999 22.9% 21.2% 19.6%

$150,000 - $199,999 15.1% 10.3% 9.7%

$200,000 + 16.6% 8.0% 11.4%

2015 Median Household Income $106,891 $81,315 $82,188

2015 Per Capita Income $45,062 $39,965 $42,623

2015 Average Household Income $131,438 $100,695 $109,436

pOpulatiOn 1 mile 3 miles 5 miles

2000 Population 3,089 21,741 46,855

2010 Population 5,580 39,922 79,418

2015 Population 5,913 44,886 89,735

2020 Population 6,466 50,712 102,158

HOuseHOlds 1 mile 3 miles 5 miles

2000 Households 1,039 8,316 17,438

2010 Households 1,912 15,774 30,663

2015 Households 2,031 17,830 34,766

2020 Households 2,223 20,227 39,724

2015 Average Household Size 2.91 2.51 2.52

2010 Owner Occupied Housing Units 86.5% 64.9% 67.3%

2010 Renter Occupied Housing Units 8.7% 28.2% 24.6%

2010 Vacant 4.7% 6.9% 8.2%



2015 Vacant 4.0% 6.3% 7.5%



2020 Vacant 4.1% 5.3% 6.4%

17,970

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

exclusively listed

469.844.8880 | VITORINOGROUP.COM

christian brothers - huntersville, nc

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