NNN LEASED INVESTMENT - COLUMBIA SC

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1 NNN LEASED INVESTMENT - COLUMBIA SC ABSOLUTE NNN/ SPECIAL PURPOSE PROPERTY FOR SALE Exclusively Presented By SHERRI C. BURRISS sburriss@roicommercialsc.com ROI COMMERCIAL, LLC 1300 Sumter Street Columbia, SC

2 EXECUTIVE SUMMARY PROPERTY SUMMARY Sale Price: $6,588,092 PROPERTY OVERVIEW Absolute NNN Investment property located in Columbia SC. Cap Rate: 8.0% NOI: $527,047 PROPERTY HIGHLIGHTS Lot Size: Building Size: Ceiling Height: 7.58 Acres 69,993 SF 26.0 FT 100% Occupied - NNN Single Tenant Investment Great Opportunity for Hands-Off Investor Multi-site Tenant with 11 locations across the Eastern US and Canada Limited Tenant Competition Year Built: 2001 Renovated: 2009 Zoning: M-1 Strong Private Equity Investor and Lease Surety Bond Seven Year Lease with Annual Increases and Options to Renew Industrial/Flex Use Building in High Growth Area with Interstate Access 2

3 PROPERTY PHOTOS Ball Pit Ninja Warrior Obstacle Course Ice Skating/Hockey Rink 3

4 NEIGHBORHOOD MAP 4

5 LOCATION / DEMOGRAPHICS POPULATION 1 MILE 5 MILES 10 MILES TOTAL POPULATION 1,077 35, ,344 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES TOTAL HOUSEHOLDS ,609 50,367 # OF PERSONS PER HH AVERAGE HH INCOME $114,697 $93,410 $82,978 AVERAGE HOUSE VALUE $314,223 $241,857 $199,961 5

6 FINANCIAL SUMMARY INVESTMENT OVERVIEW PLEX INDOOR SPORTS, LLC Price $6,588,092 Price per SF $94.13 CAP Rate 8.0% Cash-on-Cash Return (yr 1) 8.0 % Total Return (yr 1) $527,047 OPERATING DATA PLEX INDOOR SPORTS, LLC Gross Scheduled Income $527,047 Other Income $0 Total Scheduled Income $527,047 Vacancy Cost $0 Gross Income $527,047 Operating Expenses - Net Operating Income $527,047 Gross Scheduled Income based on Year 1. 3% annual increases over initial lease term. 6

7 INCOME & EXPENSES INCOME SUMMARY PLEX INDOOR SPORTS, LLC PER SF GROSS INCOME $527,047 $7.53 EXPENSE SUMMARY PLEX INDOOR SPORTS, LLC PER SF GROSS EXPENSES - - NET OPERATING INCOME $527,047 $7.53 7

8 TENANT PROFILE Flight Fit N Fun, LLC (Headquarters-Sterling, Va) The Flight family of multi-attraction parks currently consists of 11 locations in six states in the United States as well as the province of Quebec, Canada. Its parks focus on fun, family entertainment, and fitness activities directed at the Gen Z market while maintaining a strong focus on safety. The Company recently completed acquisitions of 8 locations across New York, California and Canada. Its senior management team brings 150+ years of experience across multiple sectors to include multi-million dollar international/publicly traded and private equity backed companies. Flight's strategy includes growth through acquisition and de novo builds across North America, with a particular focus on the East Coast. Flight is backed by Summit Partners, a Boston-based private equity firm with $9.5B in capital under management. Flight Fit N Fun, LLC recently acquired Plex HiWire Family Fun & Sports Center with locations in Irmo, Columbia/Sandhill, Charleston and Jacksonville, Florida. Plex HiWire in Irmo has undergone recent renovations and provides an array of unique amusement activities geared toward all age groups. Listed below are the main activities offered as described on the company website: HIWIRE TRAMPOLINE PARK Jump around on one of the largest trampoline fields in America with over 12,000 square feet of connected, world-class trampolines in a 30,000 square foot facility. The Plex HiWire trampoline field features over 60 trampolines, including angled wall trampolines, launching decks and a few surprises up in the ceiling to test your vertical. ICE SKATING RINK Plex HiWire in Irmo is the Midlands only place to enjoy the ice all year round. During public ice skating times, come out and work on your triple salchow, breakaways, or just come out and ice skate with your special someone. The weekly public ice skating schedule varies due to scheduled ice hockey games and figure skating practices. GAME ARCADE Play interactive games at the Game Arcade. Earn tickets and redeem for prizes 8

9 BROKERAGE ADVISOR SHERRI C. BURRISS Principal Professional Background Areas of Specialization Franchisee/Tenant Representation Shopping Center Leasing & Sales Office Leasing & Sales Site Selection Developmental Land Sales Investment Sales and 1031 Exchange Professional Background 1300 Sumter Street Columbia, SC T C sburriss@roicommercialsc.com Sherri Burriss recently co-founded after spending almost 10 years at Newmark Grubb Wilson Kibler. She primarily specializes in the sales and leasing of shopping centers, retail and office buildings/land. She has an array of experience working with Landlords, Investment Buyers, Tenants and Business Owners. Her specialties include: Franchisee/Tenant Representation, Shopping Center Leasing/Sales, Office Leasing/Sales, Site Selection, Land Development, and Investment Sales. With her previous experience in the public sector assisting state and local governments, Sherri s strategic planning background and problem solving skills provide an excellent resource for clients looking to align their overall business objectives with their real estate needs. Memberships & Affiliations Mrs. Burriss extensive roster of memberships and honors include: International Council of Shopping Centers (ICSC) Greater Columbia Chamber of Commerce Greater Lexington Chamber of Commerce 2016 / 2014 CoStar Power Broker Award winner for Top Retail Leasing Broker in Columbia Market CCIM Candidate (Certified Commercial Investment Member) South Carolina Governor s School of Arts & Humanities - Board of Directors Mission Lexington - Board Member Member of Radius Church, Lexington, South Carolina Education Mrs. Burriss graduated from Erskine College, Due West, South Carolina with a BS in Business Administration/Psychology. She also received a Master s in Public Administration from the University of South Carolina 9