jiffy lube 5940 mo 94 highway st. louis (weldon springs...
TRANSCRIPT
Executive Summary
12243 Pellicano Drive
El Paso TX 79936
List Price: $1,641,043
CAP: 5.75%
Base Rent: $94,630
Increases: 10% every five years
Building S.F. 7,000
Lease Type: Double Net (NN)
Roof & Structure: Landlord
Jiffy Lube
5940 MO-94 Highway
St. Louis (Weldon Springs), MO 63304
$360,000 / 10% CAP
Cap Rate Increases to 12.1% in September 2018
Largest Jiffy Lube Operator
Heartland Automotive with over
540 + Locations
Traffic Counts Over 43,005
VPD on Highway 94. & 86,101
VPD on HWY 86.
2,300 sf NN Jiffy Lube with
Extreme Visibility to over
43,005 VPD
Located half mile from Missouri
Research Development Park,
200 acre Office Complex.
Over 12,861 employees within
3 miles
1 Mile Population 6,062
Average Income within 1 Mile
$125,051
Attractive Build to Suit Building
5 Mile Population 122,629
Coming Soon Adjacent
Parcel 127 Apartments
Jiffy Lube
5940 MO-94 Highway
Weldon Springs, MO 63304
Cap Rate Increases to 12.1.% in September 2018
List Price: $360,000
CAP: 10%
Base Rent: $36,000
Increases: Yes, in 2018 and
every five years
Building sf: 2,300
Lease Type: NNN
Roof & Structure: Landlord
Parcel Size: .33 Acre
Lease Term: 3 Years Remain
Year Built: 2004
Options: 5 (5) Year, 10%
Increases
Traffic Counts 43,005 VPD
Adam Farmer
951 764-3744
Email: [email protected]
These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Belco Development & Investments, Inc. or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial and legal advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations.
This Confidential Offering Memorandum (the “Memorandum”) has been prepared and presented to the
recipient (the “Recipient”) by Belco Development & Investments, Inc. as part of Belco’s efforts to market
property for sale and the material contained in it to the Recipient solely to assist the Recipient in
determining whether the Recipient is interested in potentially purchasing all or part of the Property. Belco
Development & Investments, Inc. also is providing this Memorandum and the material in it to the Recipient
with the understanding that the Recipient will independently investigate those matters that it deems nec-
essary and appropriate to evaluate the Property and that the Recipient will rely only on its own investiga-
tion, and not on Belco, the Owner or this Memorandum, in determining whether to purchase the Proper-
ty. Please Note the Following: Belco Development & Investments, Inc., the Owner and their respective
agents, employees, representatives, property managers, officers, directors, shareholders, members, man-
agers, partners or controlling entities, subsidiaries, affiliates, assigns and predecessors and successors-in-
interest make no representations or warranties about the accuracy, correctness or completeness of the
information contained in this Memorandum. The Recipient is urged not to rely on the information con-
tained in this Memorandum and to make an independent investigation of all matters relating to the prop-
erty. This Memorandum includes statements and estimates provided by or to Belco and/or the Owner re-
garding the Property. Those statements and estimates may or may not be accurate, correct or complete.
Nothing contained in this Memorandum should be construed as a representation or warranty about the
accuracy, correctness or completeness of such statements and estimates. Further, nothing contained in
this Memorandum should be construed as representation or warranty about any aspect of the Property,
including, without limitation, the Property’s (1) past, current or future performance, income, uses or occu-
pancy, (2) past, current or prospective tenants, (3) physical condition, (4) compliance or non-compliance
with any permit, license, law, regulation, rule, guideline or ordinance, or (5) appropriateness for any
particular purpose, investment, use or occupancy. Again, the Recipient is urged not to rely on this Memo-
randum and the statements and estimates in it and to make an independent investigation regarding the
Property and the statements and estimates contained herein. This Memorandum may include statements
regarding, references to, or summaries of, the nature, scope or content of contracts and/or other docu-
ments relating to the Property. Those statements, references or summaries may or may not be accurate,
correct or complete. Additionally, Belco may not have referenced or included summaries of each and every
contract and/or other document that the Recipient might determine is relevant to its evaluation of the
Property. Nothing contained in this Memorandum should be construed as a representation or warranty
about the accuracy, correctness or completeness of such statements, representations or summaries. On
request and as available, and subject to the Owner’s consent, Belco will provide the Recipient with copies
of all referenced contracts and other documents. Belco Development & Investments, Inc. assumes no obli-
gation to supplement or modify the information contained in this Memorandum to reflect events or condi-
tions occurring on or after the date of its preparation of this Memorandum. More detailed information re-
garding the anticipated terms, conditions and timing of any offering by the Owner relating to the Property
will be provided in due course by separate communication. Belco and/or the Owner reserve the right to
engage at any time in discussions or negotiations with one or more recipients of this Memorandum and/or
other prospective purchasers of the Property without notice or other.
Disclaimer
Jiffy Lube
Population
1 Mile 2 Mile 5 Mile 7 Mile
6,062 16,171 122,629 238,504
Income
1 Mile 3 Mile 5 Mile
$125,051 $116,629 $104,771
Household Growth
1 Mile 3 Mile 5 Mile
21.35% 39.77% 41.88%
Population Growth
1 Mile 3 Mile 5 Mile
16% 29.20% 34.54%
Traffic Counts
MO-94 HWY 43,005 VPD
HWY 64 88,145 VPD
Lease Commencement Date: February 1, 2005
Lease Expiration Date: March 31, 2020
Current Rent: $36,000.00 Rent Increases to $43,560 9/01/2018
Options: 5 (5) year with Increases
JIFFY LUBE / HEARTLAND / TENANT
The American quick lube industry provides more than 100 million oil changes every year from over 10,000 standalone
locations. Within this industry, there is one dynamic growing company that stands out from the rest – Heartland
Automotive Services, dba Jiffy Lube, the largest franchisee of quick lube retail service stores in the country. Operating
over 540 Jiffy Lube locations from coast to coast and serving nearly 5 million guests each year with more than 3,500
professional teammates, Heartland strives to provide a WOW experience for every valued guest on every visit. Our
vision is to be trusted by consumers and recognized by our peers as the BEST place for quick, professional vehicle care
within the neighborhoods we serve. We strive to do this by exceeding every guests' expectation, on every visit, with
consistent "Signature Service" delivered through our committed organization of friendly, knowledgeable and
professional teammates. Heartland is trusted by consumers and recognized by the industry as the best place for quick
professional vehicle care within the neighborhoods we serve. We accomplish this by exceeding our guests'
expectations everyday with consistent "Signature Service" delivered through our dedicated organization of friendly,
knowledgeable, and professional teammates. Our company is committed to leading the quick lube industry with
clean, safe, and attractive facilities; well trained and courteous teammates; respect for the environment and
recycling; and by providing the highest quality Pennzoil products and important vehicle maintenance services to
ensure we are the first choice of every consumer.
Jiffy Lube
Subject offering consist of a Freestanding 3,644 square foot Jiffy Lube built in 2004. Jiffy Lube is located at 5940 MO-94 HWY, Weldon Springs, MO. Property is located on a major East-West thoroughfare, HWY 94 which has traffic counts in excess of 43,005 VPD. Jiffy Lube is strategically located in close proximity to the regions Research Development Office Business park with over 200 acres of office space. Weldon Springs is an affluent city with an average income within a 3 mile radius in excess of $116,000. Jiffy Lube has 3 years remaining with 5 (5) year options. Lease is NNN with Landlord responsible for roof and structure. This building was a specialized build-to-suit which offers very attractive construction with a diamond shaped shingle roof which will last 30+ years. Other national retailers in immediate are include Jack in the Box, Quick Trip, Circle K, First State Bank, Dairy Queen, Tender Care Pet Hospital, Kindercare, multiple medical and professional office business parks. Tenants located within the Missouri Research Development Office Business Park include Citi, Enterprise Data Center, Verizon Services Center, Nike, Novus International, Bank of America Corporate Office, FAA and more.
Weldon Springs, MO
Weldon Springs, MO is an affluent community located on the outskirts of St Louis which is only 22 miles to the East.
Missouri Research Development Park
MRDP is located less than half mile from Jiffy Lube. The MRDP is 1 of 10 Business Parks of its magnitude allowed by State of Missouri.
The Missouri Research Park is the result of a vision of a technology corridor and has been the catalyst for high-tech development along the I-64 corridor in St. Charles County. Major corporations have followed the trend and are clustering near the Missouri Research Park.
MasterCard International built its global technology center at WingHaven, a 1,000-acre development which includes homes, apartments, office buildings, research facilities, day-care center, golf course and a wellness center.
WorldCom built a 300,000-square-foot campus directly across I-64.
Citibank has developed a 500,000-square-foot building across I-64
The corridor has been zoned "high tech" by local municipalities and the county
Owned and managed by the University of Missouri the Missouri Research Park officially opened in 1985. To-day, more than 180 acres of land in the park are developed for high-tech and research facilities, and 15 tenant companies and two federal agencies employ approximately 2,000 people within the park.
The University of Missouri has established Protective Covenants to guide the development of this university-affiliated research and technology park. Tenants Include listed below
1 - Diagraph, Inc. 11 - Zoltek Corporation 12 - National Weather Service 14 - Millipore 15 - Millipore 15B - Millipore 16 - Central Rolled Thread Die Company 17 - Propper International, Inc. 19 - Bank of America 21 - Novus International Research Center 22 - Federal Aviation Administration 23 - Westar Aerospace & Defense Group, Inc. 25 - Wachovia Securities 28 - Natoli Engineering, Inc. 28B - Natoli Engineering, Inc. 28C - Natoli Engineering, Inc. 3 - AFB International 32 - Wingate by Wyndham Hotel 35 - Lot Available! 4 - Westar Aerospace & Defense Group, Inc. 49 - Missouri Bluffs Golf Club 5 - Supplies Network 50 - Duckett Sanitary District 51 - Enterprise Rent-A-Car 52 - MCI 53 - 1-40 Interchange & Roundabout 8 - NIKE IHM, Inc. 9 - Consultant Lubricants, Inc.
New Development Surrounding Jiffy Lube
Proposed / Coming Soon
Apartments, Condominium Homes and Medical & Office Buildings
These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Belco Development & Investments, Inc. or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial and legal advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations.
Maps
Photos
Aerial Map
Verizon Campus
Enterprise
Data Center
Center Pointe
Hospital
Nike
B of A
FAA
Diagraph
Novus
International
Wingate Hotel Missouri Bluffs
Golf Course
Citi Group
Progress West Hospital
Persimmon Woods
Golf Club
Aerial Picture
Enterprise Data Center
Medical
Medical
Francis Howell Middle
School Chapter One
Club House
Persimmon
Woods Golf Club
Verizon Campus
Coming Soon 127
Units / Apartments
Lutheran School
90,462 Cars per Day
43,005 Cars per Day