north america’s market leader annualized operating data ... › d2 ›...

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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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap Eco-Friendly, Triple-Net Leased Investment Highlights “Unique Triple-Net Leased Investment Opportunity | Quality Facility | “Strategic Location in Stable Growing Area” Industry Dominating Tenant | Only Company with National Footprint | Number 1 in Market Share 35% Environmentally and Sustainability-Focused Tenant | Liberty Tire has 50+ Locations and 1,500 Employees | First Location Opened in 1950 New Passive NNN Lease | Structured Rent Increases | Two, Five-Year Options Significant Tenant Improvements Highly Desirable Location in Master Planned Central Business District | Access to Amazing Ground and Air Transportation, Technology, and Employment Density Connected Site with Direct Access to I-39 | 80 miles from Green Bay and 150 Miles from Minneapolis Adjacent to the Region’s Dominant Airport with a $38 Million Dollar Expansion and Improvement Plan in Place Building Square Footage of 193,985 SF on a 39.5-Acre Lot | Ample Parking and Access | Elevated Ceilings | Second Largest Building in the District Multifunctional Facility | Manufacturing, Office, and Warehouse Space | Numerous Truck Docks with Crane Bays | Paved Storage and Parking Lease Summary Lease Commencement July 2019 Lease Expiration July 2026 Original Term 7-Year Lease Option Term Two, Five-Year Options Increases 9 Percent Increase Year 3 - 4 8 Percent Increase Year 5 - 7 10 Percent Per Option Period Fixed Guarantee Corporate Lease Type Absolute Net Landlord Responsibilities None Lease Term Remaining 7 Years Remaining Pricing Price $8,026,965 Cap Rate 6.65% Approximate Building Square Footage 193,985 SF Price Per Square Foot $41.37 Warehouse and Manufacturing 175,000 SF Shop Space and Office 5,300 SF Corporate Office 13,685 SF Year Built 1992 Approximate Lot Size 39.5 Acres Parking 188 Stalls Ceiling Height 22’ to 41’ Kevin Boeve Senior Vice President Investments Tel: (909) 456-3450 [email protected] CA License: 01247016 Todd Lindblom Broker of Record Marcus & Millichap Real Estate Investment Services of Milwaukee, Inc. - Milwaukee Office Tel: (262) 364-1964 Fax: (262) 364-1910 [email protected] License: WI 56163-90 Annualized Operating Data Lease Year Annual Rent Monthly Rent Per SF Year 1 - 2 $533,458 $44,455 $2.75 Year 3 - 4 $581,955 $48,496 $3.00 Year 5 - 7 $630,451 $52,538 $3.25 Option 1: Year 8 - 13 $694,466 $57,872 $3.58 Option 2: Year 14 - 19 $762,846 $63,570 $3.93 Net Operating Income $533,458 $2.75 North America’s Market Leader The landscape is changing, and Liberty Tire Recycling is at the forefront of a groundbreaking conservation industry. The company collects and recycles 35% of the nation’s scrap tires, transforming more than 150 million tires into raw materials for smart, useful products that improve people’s lives. According to the EPA, nearly 300 million scrap tires are generated annually—scrap tires can become a breeding ground for disease-carrying mosquitos and other vermin. Properly reclaiming and recycling these tires into reusable raw materials protects the environment and public health. Founded 2000 (19 Years Ago) Collection/Remediation Facilities 26 Production Facilities 24 2018 Revenue $340 Million 2018 Income $30 Million 2018 Market-Share 35% Tires Collected Annually for Recycling 150 Million Pounds of Rubber Reclaimed Annually 2.2 Billion View Map: 1050 Indianhead Dr., Mosinee, WI 54455 *Tenant Financial Statements Available Market-Share Growth Conservation Sustainability Revenue: $340 Million $ Loan Options Rate 4.55% Fixed Term Up to 6.5-Year Term Amortization Up to 25 Years Loan to Value Up to 60% Richard Knorr Director Capital Markets CA License: 01942509 Cell: (760) 446-5766 Office: (909) 456-3400 [email protected] Breaking News: Liberty Tire Acquires #1 Competitor, Lakin Tire · Boosting Market Share Above 35% · Unifying a Nationwide Network View Article View Property Website Tenant Financial Overview and Due Diligence Available

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Page 1: North America’s Market Leader Annualized Operating Data ... › d2 › V_uqZp6xCyN3OrE1pHHbrN0xU-J… · Broker of Record Marcus & Millichap Real Estate Investment Services of Milwaukee,

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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

Eco-Friendly, Triple-Net Leased Investment

Highlights• “Unique Triple-Net Leased Investment Opportunity | Quality Facility | “Strategic

Location in Stable Growing Area”

• Industry Dominating Tenant | Only Company with National Footprint | Number 1 in Market Share 35%

• Environmentally and Sustainability-Focused Tenant | Liberty Tire has 50+ Locations and 1,500 Employees | First Location Opened in 1950

• New Passive NNN Lease | Structured Rent Increases | Two, Five-Year Options

• Significant Tenant Improvements

• Highly Desirable Location in Master Planned Central Business District | Access to Amazing Ground and Air Transportation, Technology, and Employment Density

• Connected Site with Direct Access to I-39 | 80 miles from Green Bay and 150 Miles from Minneapolis

• Adjacent to the Region’s Dominant Airport with a $38 Million Dollar Expansion and Improvement Plan in Place

• Building Square Footage of 193,985 SF on a 39.5-Acre Lot | Ample Parking and Access | Elevated Ceilings | Second Largest Building in the District

• Multifunctional Facility | Manufacturing, Office, and Warehouse Space | Numerous Truck Docks with Crane Bays | Paved Storage and Parking

Lease SummaryLease Commencement July 2019Lease Expiration July 2026Original Term 7-Year LeaseOption Term Two, Five-Year OptionsIncreases 9 Percent Increase Year 3 - 4

8 Percent Increase Year 5 - 710 Percent Per Option Period Fixed

Guarantee CorporateLease Type Absolute NetLandlord Responsibilities NoneLease Term Remaining 7 Years Remaining

PricingPrice $8,026,965Cap Rate 6.65%Approximate Building Square Footage 193,985 SFPrice Per Square Foot $41.37

Warehouse and Manufacturing 175,000 SFShop Space and Office 5,300 SFCorporate Office 13,685 SF

Year Built 1992Approximate Lot Size 39.5 AcresParking 188 StallsCeiling Height 22’ to 41’

Kevin BoeveSenior Vice President Investments

Tel: (909) [email protected] License: 01247016

Todd LindblomBroker of Record

Marcus & Millichap Real Estate Investment Services of Milwaukee, Inc.-Milwaukee Office Tel: (262) 364-1964 Fax: (262) 364-1910 [email protected] License: WI 56163-90

Annualized Operating DataLease Year Annual Rent Monthly Rent Per SFYear 1 - 2 $533,458 $44,455 $2.75Year 3 - 4 $581,955 $48,496 $3.00Year 5 - 7 $630,451 $52,538 $3.25Option 1: Year 8 - 13 $694,466 $57,872 $3.58Option 2: Year 14 - 19 $762,846 $63,570 $3.93Net Operating Income $533,458 $2.75

North America’s Market LeaderThe landscape is changing, and Liberty Tire Recycling is at the forefront of a groundbreaking conservation industry. The company collects and recycles 35% of the nation’s scrap tires, transforming more than 150 million tires into raw materials for smart, useful products that improve people’s lives.

According to the EPA, nearly 300 million scrap tires are generated annually—scrap tires can become a breeding ground for disease-carrying mosquitos and other vermin. Properly reclaiming and recycling these tires into reusable raw materials protects the environment and public health.

Founded 2000 (19 Years Ago)Collection/Remediation Facilities 26Production Facilities 242018 Revenue $340 Million2018 Income $30 Million2018 Market-Share 35%Tires Collected Annually for Recycling 150 MillionPounds of Rubber Reclaimed Annually 2.2 Billion

View Map: 1050 Indianhead Dr., Mosinee, WI 54455

*Tenant Financial Statements Available

• Market-Share• Growth• Conservation• Sustainability Revenue:

$340 Million

$

Loan OptionsRate 4.55% FixedTerm Up to 6.5-Year TermAmortization Up to 25 YearsLoan to Value Up to 60%

Richard KnorrDirector Capital Markets

CA License: 01942509Cell: (760) 446-5766Office: (909) [email protected]

Breaking News: Liberty Tire Acquires #1 Competitor, Lakin Tire · Boosting Market Share Above 35% · Unifying a Nationwide Network

View Article

View Property Website Tenant Financial Overview and Due Diligence Available

Page 2: North America’s Market Leader Annualized Operating Data ... › d2 › V_uqZp6xCyN3OrE1pHHbrN0xU-J… · Broker of Record Marcus & Millichap Real Estate Investment Services of Milwaukee,

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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

HighlightsMosinee, WI

Abundance of Highly Educated, Well-Trained and Hard-working Labor Force in the Vicinity

Exclusive Training Programs offered Locally by Northcentral Technical College, the University of Wisconsin at Marathon County and the University of Wisconsin at Stevens Point

Very Successful City with a Connected Community Culture, Appetite for Growth, Safe Neighborhoods, and Down-to-earth, Hard Working Residents

Central Business District

Ground Zero for Immediate Access to Ground and Air Transportation | Adjacent to Interstate 39/U.S. Highway 51 and the Central Wisconsin Regional Airport (CWA)

Cutting Edge Access to Technology and Telecommunication Services

Density of Employment | Over 1,800 people Employed within Globally-Recognized Companies

Adjacent to the Beautiful 18-hole Indianhead Golf Course

Over 400 Acres of Development with Room for Growth, Paved and Maintained Roads, and Professional Management

Central Wisconsin Regional Airport (CWA)

Served by Three airlines, Delta, American and United Airlines, and Operates 10 Daily Departures

Opened in 1969 with 125,000 Departing Passengers Annually

5-Year $38 Million Dollar Expansion in Process

View Article

View Article

View Article

Demographics3 Mile 5 Miles 10 Miles

Population 5,236 13,951 43,904Households 2,147 5,380 17,359Average Household Income $63,730 $75,558 $66,296

Subject Property

Green Bay, WI1 Hour, 30-Minute Drive

Milwaukee, WI2 Hour, 30-Minute Drive

Madison, WI2 Hour Drive

Subject PropertyCentral Wisconsin Airport131,000 Passengers Annually

How We Became the Premier Tire Recycling Company in North America1950s - Opened First Tire Processing Center

1985 - Committed to Sustainability, Safety, and Innovation2000 - Founded Liberty Tire, LLC1,500+ Employees across North AmericaLargest Fleet of Trucks and Service Vehicles

View Article

Page 3: North America’s Market Leader Annualized Operating Data ... › d2 › V_uqZp6xCyN3OrE1pHHbrN0xU-J… · Broker of Record Marcus & Millichap Real Estate Investment Services of Milwaukee,

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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

Page 4: North America’s Market Leader Annualized Operating Data ... › d2 › V_uqZp6xCyN3OrE1pHHbrN0xU-J… · Broker of Record Marcus & Millichap Real Estate Investment Services of Milwaukee,

Subject Property

Highway 153

Intersta

te 39

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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

Strategic LocationWalking Distance from the Central Wisconsin Airport

Confidentiality and Disclaimer

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is in-tended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap 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, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business pros-pects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representa-tion 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.

Non-Endorsement Notice

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee iden-tified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

Marcus & Millichap 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, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap 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. Marcus & Millichap 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 inves-tigation 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 finan-cial 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 Marcus & Millichap Real Estate Investment Services 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.ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Central Wisconsin Airport131,000 Passengers Annually

Page 5: North America’s Market Leader Annualized Operating Data ... › d2 › V_uqZp6xCyN3OrE1pHHbrN0xU-J… · Broker of Record Marcus & Millichap Real Estate Investment Services of Milwaukee,

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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

Disclosure to Non-Residential Customers

Wisconsin Realtors© Association4801 Forest Run Road, Madison, WI 53704

Marcus & Millichap Real EstateEffective July 1, 2016

No representation is made as to the legal validity of any provision or the adequacy of any provision in any specific transaction.

Copyright © 2016 by Wisconsin Realtors© Association

Drafted by Attorney Debra Peterson Conrad

Marcus & Millichap Real Estate Services13890 Bishop’s Drive Suite 300Brookefield, WI 53005