Golfsmith Golf & Tennis

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Lionel Simmons
6 years ago
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1 subject property $2,977, % CAP $245,639 NOI Pad Site to Lowe s with access to two main, high traffic roads (79,600 & 41,074 vpd) Key retail corridor with Meijer, Costco, Kohl s, Home Depot, Target, Sam s Club, Petco, Toys R Us, and Kroger Located between the 1,530,000 sf dominant super regional Lakeside Mall with five anchors, and the new 640,000 sf Mall at Patridge Creek with Nordstrom & Parisian 9 years remain on the lease with a 10% rental escalation on 1/1/2014 taking the cap rate to 9.08% Median household income is $78,070 in a 3 mile radius with 71.9% home ownership Outstanding retail location leased to a public company (NASDAQ: GOLF) on eight lane Hall Road (M-59) Excellent Signage on Two Major Roads Hall Road 48038

PROPERTY SUMMARY: EXP Realty Advisors, Inc exclusively presents for sale this 19,072 sf retail building leased to with 9 years remaining on the base term and 10% escalations every 5 years.

2 PROPERTY SUMMARY: EXP Realty Advisors, Inc exclusively presents for sale this 19,072 sf retail building leased to with 9 years remaining on the base term and 10% escalations every 5 years. It is located on Hall Road, an eight lane, major east-west retail corridor with traffic counts of 79,600 vehicles per day at Hayes Road which has traffic counts of 41,074 vpd. The 1,530,000 sf super regional Lakeside Mall, which is anchored by Lord & Taylor, Sears, Macy s, Macy s Men & Home and JCPenney is directly west of the property. Nordstroms and Parision anchor the 640,000 sf Mall at Patridge Creek which is 1 mile to the east. Kohl s, Meijer, Costco, Home Depot, Target, Sam s Club, Petco, Toys R Us, Office Depot and Kroger are also in the immediate area. There are approximately 241,243 people within a five mile radius with an annual average income of over $74,270. The Detroit Free Press dubbed the Hall Rd retail corridor at Lakeside Mall the best mile of shopping in the Detroit market and it caters to some of the wealthiest communities in Macomb county. Major employers in the area include the United States Government, St John s Medical, Daimler Chrysler, Ford and General Motors. Clinton Township has the largest population of any township in the state. The largest employment sectors are services and retail. It has positive population growth and is part of Macomb County which has a AAA credit rating and the third highest income in the state. LEASE SUMMARY: Current Rent: $247,546 ($13.00 PSF) Reserves: $ 1,907 ($.10 psf) NOI: $245,639 Base Rent Escalations: 10% on 1/1/2014 to $272,300 which will be a 9.08% cap at ask Options: Three (5) year options Options Escalations: 10% escalation at start of each option Rent Commencement: May 1, 2007 Expiration Date: December 31, 2018 List Price: $2,977,400 NOI: $245,639 Cap Rate: 8.25% Bld. Sq Ft: 19,042 Acres: 2.91 (before subdivision) Ownership: Fee Simple Financing: This property is offered free and clear Lease Type: Reimbursable double net. Landlord is responsible for roof and structure. Tenant maintains and pays for general liability insurance and all risk property insurance and names landlord as an additional insured. Tenant also maintains the HVAC system, signage and all elements on the interior of the property. Tenant reimburses landlord for common area maintenance which includes maintaining the parking lot and parking lot lighting, landscaping, sidewalks and snow removal and pays landlord a 3% administration fee on these costs.

3 Labeled Aerial

4 Labeled Aerial Crosswind Corners Shopping Center Lakeside Mall Macomb Community College Mall at Patridge Creek

Its stores offer branded clubs, balls, apparel, and accessories, as well as its proprietary-branded products, including Clubmaker,, Killer Bee, J.G.

5 TENANT SUMMARY: International Holdings, Inc. (NASDAQ: GOLF), through its subsidiary, International, Inc., operates as a specialty retailer of golf and tennis equipment, apparel, footwear, and accessories. Its stores offer branded clubs, balls, apparel, and accessories, as well as its proprietary-branded products, including Clubmaker,, Killer Bee, J.G.Hickory, Lynx, Profinity, Snake Eyes, TourTrek, XPC, Zevo, Maggie Lane, and ZTech. The company s stores also provide club components, club making tools, supplies and on-site club making, custom club-fitting, and club repair services, as well as tennis equipment, and tennis racquet maintenance and repair services. In addition, International Holdings develops and promotes proprietary merchandise, including clubs, club components, apparel, golf bags and covers, pull and push carts, shoes, furnishings, accessories, training aids, and gifts. As of January 2, 2010, it operated 74 stores in 19 states. International Holdings also offers its products through catalog and Internet sales. The company was founded in 1967 and is headquartered in Austin, Texas. As of April 28, 2010 had a enterprise value of $104 million, revenue of $338 million, operating cash flow of $22.6 million and total assets of $87.6 million. Pylon Sign Pylon Sign Multi-tenant office Site prior to redevelopment

6 Site Plan Reciprocal parking and access agreements are in place between Lowe s, and Golden Corral

7 Photo of subject property Photo of adjacent Golden Corral (not included)

8 Photo of subject property

9 Traffic Count Map

10 Location Maps

11 Aerial Site prior to redevelopment

12 1-3-5 Mile Demographic Map

13 1-3-5 Mile Demographic Graphs

14 1-3-5 Mile Demographic Data 1 Mile 3 Mile 5 Mile Population: 2009 Total Population 11, , ,243 Male Population 46.6% 48.6% 49.5% Female Population 53.4% 51.4% 50.6% Median Age Population Density (per sq. mi.) 3, , ,062.8 Employees 12,163 43, ,239 Establishments 675 3,513 8,033 Income: 2009 Median HH Income $54,438 $78,070 $77,469 Per Capita Income $27,293 $29,019 $29,272 Average HH Income $55,426 $73,984 $74,270 Households: 2009 Total Households 5,999 41,778 92,681 Average Household Size Household Growth % 39.1% 38.1% Housing: 2009 Owner Occupied Housing Units 44.5% 71.9% 71.0% Renter Occupied Housing Units 45.2% 19.4% 19.5% Vacant Housing Units 10.3% 8.7% 9.5% Race: 2009 White 86.6% 87.9% 87.2% Black 7.3% 6.4% 6.9% American Indian, Eskimo, Aleut 0.2% 0.2% 0.2% Asian 3.0% 2.7% 2.8% Hawaiian or Pacific Islander 0.0% 0.0% 0.0% Other 0.7% 0.6% 0.6% Multirace 2.3% 2.2% 2.2% Contact Us EXP Realty Advisors 118 East 28th Street Suite #808 New York, NY Phone: (212) Fax: (212) Our Team Robert P. James President Phone: (212) rob@exp1031.com Douglas D. McCulloch Director of Sales Phone: (212) doug@exp1031.com Daniel de Sa Director of Sales Phone: (212) dan@exp1031.com

Petco & Borders $7,172, % CAP $609,655 NOI. Petco & Borders. Canton Township, MI Ford Rd Canton Township, MI 48187

Petco & Borders $7,172, % CAP $609,655 NOI. Petco & Borders. Canton Township, MI Ford Rd Canton Township, MI 48187 43473 Ford Rd 48187 $7,172,400 8.50% CAP $609,655 NOI Borders is open with no plans to close this location Prime retail area across from Lowe's, JC Penney, Office Max, and Target Canton is one of the safest,