hhgregg (Below Market Rent) 5800 Carlisle Pike - Mechanicsburg, PA

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Bryan Robertson
6 years ago
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EXCLUSIVE LISTING AGENT: David Maloy Phone: (212) 972-7457 Email: david@exp1031.com www.exp1031.com Robert James Phone: (212) 686-0072 Email: rob@exp1031.

1 EXCLUSIVE LISTING AGENT: David Maloy Phone: (212) Robert James Phone: (212) (Below Market Rent) 5800 Carlisle Pike - Price: $6,700,971 Cap: 7.00% NOI: $469,068 Corner traffic light entrance to 300,000 sf power center Below market rent ($12 psf in an $18 psf market) (See page 6) Tenant made all building improvements converting from Circuit City Co-tenants are Home Depot, Staples, Petsmart, Dicks Rapidly growing area with good demos - 112,000 pop and $80,000 hh in 5 miles 11 years remaining on 15 year lease with rent increases every 5 years is a publically traded tenant (NYSE:HHG) Cross access to Big Kmart, Lowe's, & McDonald's Subject Property

PROPERTY SUMMARY: EXP Realty Advisors, Inc exclusively presents for sale a 39,089 square foot free-standing retail building leased to, Inc. located within the 300,000 sf Hampton Square Condominium.

This investment offers a significantly below market rent of $12.00 psf in a $18.00 psf market. The building was a built to suit for Circuit City.

It is excellent real estate and highly desirable to retailers. The lease is absolute triple net.

2 PROPERTY SUMMARY: EXP Realty Advisors, Inc exclusively presents for sale a 39,089 square foot free-standing retail building leased to, Inc. located within the 300,000 sf Hampton Square Condominium. The center has cross access to Big Kmart, Lowes, McDonalds, M&T Bank, Sonoco, & T Mobile, and is anchored by Home Depot, Dick s, PetSmart, & Staples. This investment offers a significantly below market rent of $12.00 psf in a $18.00 psf market. The building was a built to suit for Circuit City. The tenant performed all of the tenant improvements in connection with the conversion of this former Circuit City. It is the front corner location at the entrance to the 300,000 sf power center. It is excellent real estate and highly desirable to retailers. The lease is absolute triple net. Surrounding retailers include Big Kmart, Lowes, Applebee s, Avenue, Baskin Robbins, Bob Evans, Burger King, Carabbas Italian Grill, Cost Cutters, Denny s, Dunkin Donuts, EB Games, Enterprise Rent-a-Car, GameStop, GNC, Mattress Warehouse, McDonald s, M & T Bank, Ollie s Bargain Market, Sunoco, Outback Steakhouse, T-Mobile, TJ Maxx, RadioShack, and Wendy s. The property is located within the Harrisburg York Lebanon, PA combined statistical are which has a population of 1,219,422, and the 43rd most populous in the United states. Mechanicsburg is a borough in Cumberland County, Pennsylvania, with easy access to Interstates 76, 81, and 83 and Routes 11 & 15; and is within a 30 minute drive to Harrisburg and a two hour drive to Philadelphia, PA, Baltimore, MD, and Washington DC. In 2010, the region was deemed part of the Harrisburg-Lebanon-York urban agglomeration given continuous development throughout the combined statistical area. Surrounding landmarks and attractions include the United States Army War College, Dickinson College, Liberty Forge Arboretum and the William Groves Speedway. Within a 5 mile radius there are 112,000 people with an average household income of over $80,000. It is the 96 th largest metropolitan area in the United States. List Price: $6,700,971 NOI: $469,068 Cap Rate: 7.00% Bld. Sq Ft: 39,089 Lease Type: NNN Escalations: +8.33% in 2020 Lease Expiration: 12/31/2024 Options: 3 (5) year options LEASE SUMMARY: Expiration Date: 12/31/2024 Lease Type: Tenant: Rent Rent PSF % Increase Present : *$469,068 $12.00/sf 9.09% : $508,157 $13.00/sf 8.33% 3 (5) Year Renewal Options: (Option 1): $547,246 $14.00/sf 7.69% (Option 2): $586,335 $15.00/sf 7.14% (Option 3): $625,424 $16.00/sf 6.66% *Rent increases to $469,068 in Jan 2015 Absolute NNN, Inc. TENANT SUMMARY:, Inc. (NYSE: HHG):, Inc. (NYSE:HHG) is a specialty retailer of consumer electronics, home appliances, mattresses and related services. The company operates 110 stores in North America. reports sales of $1.4 billion and a net worth of approximately $125 million. As of March , the company had annual revenue of $2.33 billion, and total assets of 625M.

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6 Site Plan Tenant Rent PSF Home Depot $18.96 $12.00 Staples $20.00

7 Road Map

8 Road Map

9 1-3-5 Mile Demographic Data Radius 1 Mile 3 Mile 5 Mile Population: 2018 Projection 6,580 59, , Estimate 6,179 56, , Census 5,425 54, ,103 Growth % 3.83% 3.22% Growth % 4.93% 3.26% 2013 Population Hispanic Origin 146 1,663 3, Population by Race: White 5,360 50, ,345 Black 137 1,610 4,441 Am. Indian & Alaskan Asian 580 3,316 5,732 Hawaiian & Pacific Island Other ,881 Households: 2018 Projection 2,701 25,530 48, Estimate 2,533 24,583 46, Census 2,221 23,444 45,369 Growth % 3.85% 3.37% Growth % 3.33% 2.10% Owner Occupied 2,038 17,563 33,337 Renter Occupied 496 7,020 13, Avg Household Income $97,667 $83,282 $80, Med Household Income $81,865 $65,741 $63, Households by Household Inc: <$25, ,234 6,550 $25,000 - $50, ,652 11,214 $50,000 - $75, ,330 10,390 $75,000 - $100, ,623 6,831 $100,000 - $125, ,326 4,393 $125,000 - $150, ,612 2,903 $150,000 - $200, ,618 2,493 $200, ,188 2,144 Exclusively listed by: EXP Realty Advisors 118 East 28th Street Suite #901 New York, NY Phone: (212) Fax: (212) Website: David Maloy Phone: (212) david@exp1031.com Robert James Phone: (212) rob@exp1031.com

Re-Priced Chase Bank Ground Lease (Atlanta MSA)

Subject Property Re-Priced Chase Bank Ground Lease (Atlanta MSA) 690 Collins Hill Rd at Highway 316 - Lawrenceville, GA 30046 Robert James Phone: (212) 686-0072 E-mail: rob@exp1031.com EXCLUSIVE OFFERING