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Offering Memorandum Offering Memorandum SINGLE TENANT NET LEASE INVESTMENT SINGLE TENANT NET LEASE INVESTMENT OPPORTUNITY | 6.3% CAP RATE OPPORTUNITY | 6.3% CAP RATE

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Page 1: Offering Memorandum - LoopNetimages3.loopnet.com/d2/5ue2WjfkYfQo_A6pzMJThntnHCibjE9... · 2017-11-20 · This Offering Memorandum contains selected information pertaining to the Property

Offering MemorandumOffering MemorandumS I N G L E T E N A N T N E T L E A S E I N V E S T M E N TS I N G L E T E N A N T N E T L E A S E I N V E S T M E N T

O P P O R T U N I T Y | 6 . 3 % C A P R A T EO P P O R T U N I T Y | 6 . 3 % C A P R A T E

Page 2: Offering Memorandum - LoopNetimages3.loopnet.com/d2/5ue2WjfkYfQo_A6pzMJThntnHCibjE9... · 2017-11-20 · This Offering Memorandum contains selected information pertaining to the Property

P a g e 2 o f 1 0

E X E C U T I V E S U M M A R Y 3

F I N A N C I A L O V E R V I E W 4

L O C A T I O N M A P S 5

R E T A I L E R M A P 6

P A R C E L M A P 7

A B O U T T H E A R E A 8

D I S C L A I M E R & L I M I T I N G C O N D I T I O N S 9

B R O K E R P R O F I L E 10

T A B L E O F C O N T E N T ST A B L E O F C O N T E N T S

Jared DaleyJared Daley

V.P. Automotive GroupV.P. Automotive Group

[email protected]@BullRealty.com

404-876-1640 x111404-876-1640 x111

50 Glenlake Parkway, Suite 60050 Glenlake Parkway, Suite 600

Atlanta, GA 30328Atlanta, GA 30328

BullRealty.comBullRealty.com

Exclusively listed by Bull Realty, Inc.

Page 3: Offering Memorandum - LoopNetimages3.loopnet.com/d2/5ue2WjfkYfQo_A6pzMJThntnHCibjE9... · 2017-11-20 · This Offering Memorandum contains selected information pertaining to the Property

P a g e 3 o f 1 0Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

O F F E R H I G H L I G H T SO F F E R H I G H L I G H T S

Bull Realty is pleased to present this single tenant NNN lease offering in Stone

Mountain, Georgia (Atlanta MSA). The tenant, a local restaurant, is on a 36 month

lease expiring December 31, 2019. They have one 3-year renewal option with a

20% rent increase. The Landlord recently replaced two HVAC units and installed a

new roof.

Located on heavily commercial Memorial Drive, just outside I-285 and less than 1

mile from Georgia Piedmont Technical College and 11 miles from Stone Mountain

Park. Nearby 2016 traffic counts on Memorial Drive averaged 37,000 vehicles per

day.

NOTE: This property is also know as 4995 Memorial Drive per the Dekalb County

Property Assessor.

• NNN lease with initial term expiring 12/31/19

• One 3-year option with a 20% rent increase

• HVAC and roof recently replaced

• Also know as 4995 Memorial Drive per the Dekalb County Property Assessor

D E M O G R A P H I C SD E M O G R A P H I C S 1 Mile1 Mile 3 Miles3 Miles 5 Miles5 Miles

Total Households: 4,392 39,140 95,008

Total Population: 12,072 105,559 247,492

Average HH Income: $46,284 $48,641 $60,055

A R E A O V E R V I E W - S T O N E M O U N T A I N , G AA R E A O V E R V I E W - S T O N E M O U N T A I N , G A

The city of Stone Mountain is a small city of about 6,328 according to the 2016

Census and spans 1.7 square miles. The city’s economy benefits greatly from both

nationally known attractions, drawing over 4,000,000 visitors annually.

E X E C U T I V E S U M M A R YE X E C U T I V E S U M M A R YS I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T ES I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T E

Page 4: Offering Memorandum - LoopNetimages3.loopnet.com/d2/5ue2WjfkYfQo_A6pzMJThntnHCibjE9... · 2017-11-20 · This Offering Memorandum contains selected information pertaining to the Property

P a g e 4 o f 1 0Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

P R O P E R T Y & L E A S E I N F O R M A T I O NP R O P E R T Y & L E A S E I N F O R M A T I O N

Property Location:Property Location:4977 Memorial Drive

Stone Mountain, GA 30083

County:County: DeKalb

Price:Price: $479,000

Rentable SF:Rentable SF: 1,768 SF

Price/SF:Price/SF: $270.93

Cap Rate:Cap Rate: 6.3%

Year Built:Year Built: 1968

Lot Size:Lot Size: 0.5 Acres

Building Size:Building Size: 1,768 SF

Type Of Ownership:Type Of Ownership: Fee Simple

L E A S E S U M M A R YL E A S E S U M M A R Y

Lease Type:Lease Type: NNN

Rent Commencement:Rent Commencement: 1/1/2017

Lease Expiration:Lease Expiration: 12/31/2019

Renewal Options:Renewal Options: 1

Rent Increases:Rent Increases: 20%

R E N T S C H E D U L ER E N T S C H E D U L E

TermTerm DatesDates Monthly RentMonthly Rent Annual RentAnnual Rent IncreaseIncrease

Initial TermInitial Term 1/1/17-12/31/19 $2,500 $30,000 n/a

Renewal OptionRenewal Option 1/1/20-12/31/23 $3,000 $36,000 20%

R E P R E S E N T A T I V E P H O T OR E P R E S E N T A T I V E P H O T O

F I N A N C I A L O V E R V I E WF I N A N C I A L O V E R V I E WS I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T ES I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T E

Page 5: Offering Memorandum - LoopNetimages3.loopnet.com/d2/5ue2WjfkYfQo_A6pzMJThntnHCibjE9... · 2017-11-20 · This Offering Memorandum contains selected information pertaining to the Property

P a g e 5 o f 1 0Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

L O C A T I O N M A P SL O C A T I O N M A P SS I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T ES I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T E

Page 6: Offering Memorandum - LoopNetimages3.loopnet.com/d2/5ue2WjfkYfQo_A6pzMJThntnHCibjE9... · 2017-11-20 · This Offering Memorandum contains selected information pertaining to the Property

R E T A I L E R M A PR E T A I L E R M A PS I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T ES I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T E

P a g e 6 o f 1 0Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

Page 7: Offering Memorandum - LoopNetimages3.loopnet.com/d2/5ue2WjfkYfQo_A6pzMJThntnHCibjE9... · 2017-11-20 · This Offering Memorandum contains selected information pertaining to the Property

P a g e 7 o f 1 0Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

P A R C E L M A PP A R C E L M A PS I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T ES I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T E

Page 8: Offering Memorandum - LoopNetimages3.loopnet.com/d2/5ue2WjfkYfQo_A6pzMJThntnHCibjE9... · 2017-11-20 · This Offering Memorandum contains selected information pertaining to the Property

P a g e 8 o f 1 0Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

A B O U T T H E A R E AA B O U T T H E A R E AS I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T ES I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T E

S T O N E M O U N T A I N - D E K A L B C O U N T YS T O N E M O U N T A I N - D E K A L B C O U N T Y

Located on the eastern side of DeKalb County, Stone Mountain is a small city of

about 6,328 according to the 2016 Census and spans 1.7 square miles. Best known

for its proximity to Stone Mountain and Stone Mountain Park, the city’s economy

benefits greatly from both nationally known attractions. Drawing over 4,000,000

visitors annually, the park sits on 3,200 acres and hosts 15 miles of wooded nature

trails, family friendly attractions, seasonal shows and has a variety of dining and

retail options.

Atlanta’s DeKalb County is located six miles east of downtown. The population of

the county is approximately 700,000. DeKalb County’s county seat is the City of

Decatur and it is the third-most populated county in Metro Atlanta containing

roughly 10 percent of the city of Atlanta.

The county includes the cities of Avondale Estates, Brookhaven, Chamblee,

Clarkston, Decatur, Doraville, Dunwoody, Lithonia, Pine Lake, Stone Mountain, and

areas of Atlanta. It includes many unique, identifiable communities including

Beacon Heights, Candler Park, East Atlanta Village, Druid Hills, Ellenwood, Lynwood

Park, Oakhurst, Scottdale, Shermantown, Toco Hills and Tucker.

DeKalb County is international, eclectic and diverse, boasting a selection of exciting

attractions, world-class museums, art centers, music venues, universities, original

neighborhoods, restaurants and one-of-a-kind shops. DeKalb is only ten miles from

HartsfieldJackson Atlanta International Airport and is easily accessible by I-85,

I-75, I-675, I-285, and MARTA, Atlanta’s rapid transit system.

Page 9: Offering Memorandum - LoopNetimages3.loopnet.com/d2/5ue2WjfkYfQo_A6pzMJThntnHCibjE9... · 2017-11-20 · This Offering Memorandum contains selected information pertaining to the Property

D I S C L A I M E R & L I M I T I N G C O N D I T I O N SD I S C L A I M E R & L I M I T I N G C O N D I T I O N SS I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T ES I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T E

P a g e 9 o f 1 0Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property.

This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information

that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions

relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not

rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective

purchasers.

In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or

accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review

independently all documents.

This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation,

endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own

investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate

discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this

Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed,

delivered and approved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. The Seller reserves the

right to move forward with an acceptable offer prior to the call for offers deadline.

This Offering Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Offering

Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential

nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed

to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth above apply to this Offering

Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

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B R O K E R P R O F I L EB R O K E R P R O F I L ES I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T ES I N G L E T E N A N T N E T L E A S E I N V E S T M E N T O P P O R T U N I T Y | 6 . 3 % C A P R A T E

Bull Realty is a commercial real estate sales, leasing and advisory firm headquartered in Atlanta and licensed innine Southeast states. The firm was founded in 1998 with two primary missions: to provide a company ofadvisors known for their integrity and to provide the best disposition marketing in the nation. Client servicesinclude disposition, acquisition, project leasing, tenant representation, asset management and consultingservices. Advisors focus on specific property types including office, retail, industrial, multifamily, land, healthcare,senior housing, self-storage, automotive, hospitality and single tenant net lease properties.

The firm produces America's Commercial Real Estate Show, a national video show and podcast enjoyed bymillions of people around the country. Industry analysts, leading market participants and the firm's founderMichael Bull share market intelligence, forecasts and success strategies. The show has aired every week since2010 on iTunes, YouTube and www.CREshow.com. The firm also produces Atlanta's Commercial Real EstateShow available on AtlCREshow.com

404-876-1640 x111

P a g e 1 0 o f 1 0Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

50 Glenlake Parkway, Suite 600Atlanta, GA 30328

[email protected]

V.P. Automotive GroupV.P. Automotive Group

JARED DALEYJARED DALEY Professional BackgroundProfessional Background

Jared utilizes Bull Realty’s successful marketing platform to help clients with all types of properties. Hisexperience in the automotive business and financial services industry helps Jared assess the real value of aproperty or a company’s space needs and determine how to best deal with today’s market.

Jared has experience in office, automotive properties and all types of commercial real estate, especiallydistressed assets. Jared has been instrumental in stabilizing commercial properties with more than two hundredsigned leases completed since 2008. The leases consisted of office, warehouse and automotive facilities.Additionally, Jared sells as many as two dozen properties per year. His wide variety of listings throughout themetro Atlanta area keeps a steady stream of buyers calling.

In addition to his commercial real estate experience, Jared has eleven years experience as a financial advisor(NASD Series 7, 6, 63, 66; GA Life/Health/Variable licenses). Prior to that, he spent a decade in the automotiveindustry.

Jared is a member of the Atlanta Commercial Board of Realtors and is a CCIM candidate. He lives in Douglasvillewith his wife and daughter. His interests include mountain biking, skiing, golf, music and standard bred horses.

Bull Realty Inc.Bull Realty Inc.