jiffy lube 5940 mo 94 highway st. louis (weldon springs...

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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.

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Page 1: Jiffy Lube 5940 MO 94 Highway St. Louis (Weldon Springs ...belcoinvestments.com/wp-content/uploads/2017/09/Jiffy-Lube-St.-Louis... · correct or complete. Additionally, elco may not

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.

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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

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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.

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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.

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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.

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Maps

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Photos

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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

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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