Investment Property Offering $1,220,000 O'REILLY AUTO PARTS West Spring St. & Swanson Dr., Monroe, GA 30655 Presented By: Cindy Langman 322 Washington Street, Suite 101 Gainesville, GA 30501 (770)531-9992 cindy.langman@svn.com Kase Abusharkh 252 Abigail Circle Danville, CA 94506 (925)348-1844 kase@svn.com Offering Highlights 20 Year Corporate Guaranteed NN Lease Third Largest Auto Parts Dealer in the Nation Located on Main Commercial/Retail Corridor Surrounded by Many National Retailers 09/04/2008
O'REILLY AUTO PARTS Executive Summary List Price $1,220,000 Price Per GLA $168.86 Price Per Sq.Ft. $168.86 NOI $84,000 CAP 6.89 % Building Sq.Ft. 7,225 Land Acres 0.7500 Occupancy. 100 % West Spring St. & Swanson Dr., Monroe, GA 30655 HIGHLIGHTS 20 Year Corporate Guaranteed NN Lease Third Largest Auto Parts Dealer in the Nation Located on Main Commercial/Retail Corridor Surrounded by Many National Retailers Cross Street Swanson Tax Parcel No. Market Walton County Sub Market Monroe Year Built 2008 Building Class - Location Class - Zoning Type Retail Signalized Corner No Street Frontage 154' No. of Buildings 1 No. of Stories 1 No. of Tenants 1 No. of Parking Spaces 33 Parking Ratio 4.5/1,000 PROPERTY DESCRIPTION Construction One-story pre-engineered metal building/masonry building. Parking 33 parking spaces. See site plan for exact locations. Traffic Counts 16,680 ADT Ingress/Egress Full access curb cut on Swanson Drive. Major Tenants 100% occupied by O'Reilly Auto Parts Area Monroe/Walton County is strategically located between the urban sprawl of Atlanta and the classic city of Athens - home of the University of Georgia. Because of it's close proximity to I-20, U.S. Hwy 78 & Ga Hwy 316, industry is booming. Wal-Mart has 2 distribution centers in Monroe totaling almost 1,000,000 sq.ft. of warehouse space. Monroe's population has grown 22% in the last several years. Property Custom built structure for O'Reilly Auto Parts to be completed by late summer 2008. Exclusively Listed By: Cindy Langman (770)531-9992 cindy.langman@svn.com Kase Abusharkh (925)348-1844 kase@svn.com 09/04/2008
www.svn.com Rent Roll Summary Space Number Tenant Name Start Date End Date Occupied S.F. Vacant S.F. Annual Rent S.F. Occupied Rent Vacant Rent % of Total Escalations / Options / Comments 100 O'Reilly Auto Parts 9/1/2008 8/31/2028 7,225 $11.63 $84,000 $0 100.0 % First Option: 12% Second Option: 6% Third Option: 6% Three (3) successive periods of five (5) years each. Total 7,225 $84,000 $0 100.0 % Potential Annual Income $84,000 Total S.F. 7,225 Avg. Annual Per S.F. $11.63 S.F. Vacancy (%) Rent Vacancy (%)
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O Reilly Auto Parts and CSK Auto Combine to Form the Third Largest Auto Parts Chain in the Country July 11, 2008 marked a historic day in the automotive aftermarket industry, as O Reilly Auto Parts, based in Springfield, Missouri, successfully completed the highly anticipated acquisition of Phoenix-based CSK Auto. The combination of O Reilly s Midwestern and southeastern foothold, along with CSK s dominance in the western United States, will create a stronger, more competitive company that benefits not only the do-it-yourself customer, but also the professional installer. O Reilly Automotive, Inc. was founded in 1957 by the O Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. With over 1,900 locations in 26 states, our underlying spirit and philosophy is now, and always has been, one of growth and progress, both for the company and for our team members. This remains the policy to which we are dedicated today. CSK Auto is the largest specialty retailer of automotive parts and accessories in the western U.S. and operates approximately 1,350 retail locations in 22 states under four brand names: Checker Auto Parts, Schuck s Auto Supply, Kragen Auto Parts and Murray s Discount Auto Stores. Like O Reilly, CSK has a very strong history, enthusiastic team members and loyal customers. The beginnings of CSK can be traced back to 1917 when Schuck s Auto Supply first opened for business in the Pacific Northwest. As O Reilly welcomes CSK, we will have a combined total of over 40,000 team members at more then 3,200 stores in 38 states. This dedicated group of parts professionals, along with nearly 20 distribution centers and 7,800 delivery trucks, will ensure that a wide variety of products are in stock and readily available to both retail and wholesale customers at everyday low prices. This partnership nearly doubles O Reilly s footprint and provides tremendous benefits for all of our customers. With even greater buying power and a larger team that s focused on meeting the needs of our valued customers, we will be able to offer the best combination of inventory, availability, quality, service and the most competitive prices. At O Reilly, our people make the difference, and we area excited to work with the CSK team throughout the integration process to guarantee a smooth transition. We are proud of the talent and skills that each of them brings, and as our company expands, many opportunities will be created to allow team members to gain experience and build careers. The potential for growth is enormous, and we look forward to this new group s desire and determination to help make O Reilly the dominant supplier of auto parts in all our markets. Visit our News Room to view press releases pertaining to O Reilly Auto Parts: http://www.oreillyauto.com/ew3/newsroom.do
West Spring St. Swanson Monroe, GA 30655 Demographics Report 1.00 Mile Ring 3.00 Mile Ring 5.00 Mile Ring POPULATION 1990 Population 2,095 11,424 16,117 2000 Population 2,853 14,210 21,481 % Population Change 1990-2000 36.18 % 24.39 % 33.28 % 2007 Total Population 3,499 17,383 27,433 2012 Total Population 3,941 19,703 32,329 % Population Change 2000-2007 22.64 % 22.33 % 27.71 % % Population Change 2007-2012 12.63 % 13.35 % 17.85 % 2007 Total Households 1,419 6,413 10,017 2012 Total Households 1,562 7,036 11,217 % Households Change 2000-2007 24.69 % 22.90 % 27.87 % % Households Change 2007-2012 10.08 % 9.71 % 11.98 % 2007 White Population 1,763 10,278 18,331 2007 Black Population 1,574 6,241 7,827 2007 American Indian/Alaska Native 2 22 39 2007 Asian/Hawaiian/Pacific Islander 29 96 166 2007 Other Population (Incl 2+ Races) 131 746 1,069 2007 Hispanic Population 80 558 831 2007 Non-Hispanic Population 3,419 16,824 26,601 2007 Per Capita Income $23,339 $18,414 $18,860 2007 Median Household Income $43,696 $38,289 $41,264 2007 Average Household Income $57,549 $49,913 $51,652 2007 Household Income < $10,000 143 652 867 2007 Household Income $10,000-$14,999 118 517 683 2007 Household Income $15,000-$19,999 56 458 632 2007 Household Income $20,000-$24,999 60 371 613 2007 Household Income $25,000-$29,999 82 459 673 2007 Household Income $30,000-$34,999 73 460 699 2007 Household Income $35,000-$39,999 91 440 667 2007 Household Income $40,000-$44,999 117 435 688 2007 Household Income $45,000-$49,999 120 492 845 2007 Household Income $50,000-$59,999 137 627 1,294 2007 Household Income $60,000-$74,999 151 601 945 2007 Household Income $75,000-$99,999 166 500 749 2007 Household Income $100,000-$124,999 61 222 340
2007 Household Income $125,000-$149,999 28 79 154 2007 Household Income $150,000-$199,999 11 77 117 2007 Household Income $200,000-$249,999 0 5 12 2007 Household Income $250,000-$499,999 5 18 37 2007 Household Income $500,000+ 0 0 1 2007 Average Household Size 2.60 2.62 2.69 2007 Total Owner Occupied Housing Units 733 3,381 6,126 2007 Total Renter Occupied Housing Units 678 3,030 3,873 2007 Total Daytime Population 5,659 17,995 25,868 2007 Total Daytime Work Population 2,969 8,423 11,205 2007 Total Establishments 253 810 1,150 HOUSEHOLDS 1990 Households 812 4,130 5,789 2000 Households 1,138 5,218 7,834 % Households Change 1990-2000 40.15 % 26.34 % 35.33 %
Tenant: Premises: Commencement Date: Term of Lease: Square Footage: Base Rental Rate: Option to Renew: O Reilly Auto Parts.75 Acres Located On West Spring St. & Swanson Dr. Monroe, Ga Upon issuance of Certificate of Occupancy Estimated Construction Completion Date Fall 08 20 Years 7,225 sq.ft., one story pre-engineered metal building on slab. Rent years 1 10, $7,000/month Rent years 11 20 $7,420/month 3 Five year options Option Period Rates: 1 st Option - $7,865 2 nd Option - $8,337 3 rd Option - $8,837 Lease Guarantor: Option to Purchase: Corporate Guarantee First Right of refusal to purchase if Landlord receives an offer to Purchase