OFFERING MEMORANDUM Gratiot Avenue Roseville, Michigan TWO UNIT OPERATOR EHREN JACOBS

Transcription

1 OFFERING MEMORANDUM Gratiot Avenue Roseville, Michigan TWO UNIT OPERATOR EHREN JACOBS

2 EXCLUSIVELY LISTED BY EHREN JACOBS Realtor CELL: (310) LIC# DENO BISTOLARIDES ENCORE REAL ESTATE SERVICES Broker Of Record LIC# BROK

3 CONTENTS 4 INVESTING OFFERING Investment Highlights Property Summary 5 FINANCIAL ANALYSIS Financial Summary 6 TENANT OVERVIEW Company History 7-8 PROPERTY PHOTOS 9-11 MAPS Site/Regional Aerial View Demographics 12 PARCEL PLAN

4 INVESTING OFFERING INVESTMENT OFFERING As exclusive sales agents RE/MAX Realtors is proud to represent this single tenant, modified gross opportunity. The tenant is in a high visibilty location prominently located at Gratiot Avenue in Roseville Michigan, near the Walter P Reuther FWY and the East 11 mile road off/on ramp. INVESTMENT HIGHLIGHTS National Brandname Tenant 7+ years remaining on the initial 10 year lease 3 percent rent increase each year Available at a 7.69% cap rate Franchisee with 2 locations PROPERTY SUMMARY Addres s Gratiot Avenue Roseville, Michigan APN Lot Number 43 Legal Description Lot: 43 District: 08 Map Ref: COMMERCIAL USE Abbreviated Discription: LOT 43 DIST: 08 CITY: ROSEVILLE CITY SUBD: ROSEVILLE PARK SUB T1N,R13E,SEC 20; COMM AT A PT IN CEN OF OLD GRATIOT AVE 37.6 FT S E & 120 FT N2700 E OF NE COR LOT 43 OF ROSEVILLE PARK MAP REF: COMMERCIAL USECity/Muni/Twp: ROSEVILLE CITY Year Built: 1973 Lot Size: Building Size: 41,832 SF± 7,986 SF± This offering is subject to change, prior to sale, prior lease or withdrawal from the market without notice. The above information was furnished to us either directly by the Owner or his Agent or through a Co-Broker and thereforeis herewith submitted without any guarantee on our part, and while we do not guaramtee it and assume no liability for errors or omissions, we believe it to be correct. The information is given with the understanding that all the negotiations relative to purchase, sale, exchange or leasing of the property herein decribed will be conducted through RE/MAX Realtors.

5 FINANCIAL ANALYSIS FINANCIAL SUMMARY Offer Price: $695,000 RENT SCHEDULE BY YEAR Year Monthly Rent Annual Rent Lease: Modified Gross 1 $4, $50, Cap Rate: 7.69% 2 $4, $51, Ownership: Base Rent: Property Taxes: Property Insurance: Property Maintenance: Fee Simple $53, Per Mo Paid by the Tenant Tenant & Landlord Tenant & Landlord 3* $4, $53, $5, $55, $4, $56, $4, $58, $5, $60, $5, $61, $5, $63, $5, $65, * Current Year of Lease This offering is subject to change, prior to sale, prior lease or withdrawal from the market without notice. The above information was furnished to us either directly by the Owner or his Agent or through a Co-Broker and thereforeis herewith submitted without any guarantee on our part, and while we do not guaramtee it and assume no liability for errors or omissions, we believe it to be correct. The information is given with the understanding that all the negotiations relative to purchase, sale, exchange or leasing of the property herein decribed will be conducted through RE/MAX Realtors.

6 TENANT OVERVIEW COMPANY HISTORY The Goodyear Tire & Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank Seiberling and based in Akron, Ohio. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, motorcycles, SUVs, race cars, airplanes, farm equipment and heavy earth-mover machinery. The first Goodyear factory opened in Akron, Ohio, in The thirteen original employees manufactured bicycle and carriage tires, rubber horseshoe pads, and poker chips. The company grew with the advent of the automobile. In 1903, Paul Weeks Litchfield was granted a patent for the first tubeless automobile tire. By 1908 Ford was outfitting his Model T with Goodyear tires. In 1911 Goodyear started experimenting with airship design. It later manufactured airships and observation balloons for the United States Army Air Service during World War I. For the next 70 years Goodyear grew to become a multinational corporation with multi billion-dollar earnings. Acquiring many of their rivals, Goodyear stands as one of the largest tire manufactures worldwide. TENANT INFORMATION Michael Finazzo & TG Management Over twenty years of successful experience in the Automotive & Tire Industry.

7 PROPERTY PHOTOS

8 PROPERTY PHOTOS

9 MAPS Regional Map ARIAL VIEW

10 AERIAL VIEW MAPS

11 MAPS DEMOGRAPHICS 2017 Environics Analytics Description Radius Analysis: Radius 1.0 mile Radius Analysis: Radius 3.0 miles Radius Analysis: Radius 5.0 miles Total Total Total Population Estimate 18, , ,910 Households Estimate 7,366 58, ,967 Avg. Household Income Estimate $51,458 $58,546 $61, Median HH Inc. by Single-Classification Race Description Radius Analysis: Radius 1.0 mile Radius Analysis: Radius 3.0 miles Radius Analysis: Radius 5.0 miles Total Total Total White Alone $44,749 $50,435 $53,558 Black or African American Alone $36,913 $36,420 $34,100 American Indian & Alaska Native Alone $35,520 $40,243 $39,597 Asian Alone $39,194 $42,195 $48,075 Native Hawaiian & Other Pacific Islander $22,945 $41,622 $39,158 Some Other Race Alone $45,133 $46,060 $49,192 Two or More Races $44,812 $45,964 $47,897 Hispanic or Latino $47,469 $37,525 $48,775 Not Hispanic or Latino $43,648 $47,878 $47,875 Data supplied from Environics Analytics

12 PARCEL PLAN IMAGE/SKETCH FOR PACEL: This offering is subject to change, prior to sale, prior lease or withdrawal from the market without notice. The above information was furnished to us either directly by the Owner or his Agent or through a Co-Broker and thereforeis herewith submitted without any guarantee on our part, and while we do not guaramtee it and assume no liability for errors or omissions, we believe it to be correct. The information is given with the understanding that all the negotiations relative to purchase, sale, exchange or leasing of the property herein decribed will be conducted through RE/MAX Realtors.