ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN

Size: px

Start display at page:

Download "ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN"

Coral Moody
5 years ago
Views:

Services 210.889.6819 jhammond@svn.com SVN CREVISTON REALTY, INC.

1 ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA Jeff Hammond, MPA Director of Retail Services jhammond@svn.com SVN CREVISTON REALTY, INC CRABAPPLE ROAD, SUITE 201, ROSWELL, GA OFFERING MEMORANDUM

2 1 PROPERTY INFORMATION 3330 S Cobb Dr SE Smyrna, GA ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 2

3 Property Summary OFFERING SUMMARY Sale Price: $2,595,000 Cap Rate: 8.13% NOI: $211,084 Lot Size: 1.15 Acres Year Built: 1978 Building Size: 14,487 SF Renovated: 2008 Market: Atlanta Submarket: Smyrna PROPERTY OVERVIEW SVN Creviston Realty, Inc. is pleased to present for sale 3330 S Cobb Dr. SE for sale. Said property operates as Advanced Auto Parts and National Health Care Center. Excellent opportunity to investment in a 100% leased NNN tenant anchor. The Property is located on a hard corner in a heavy retail corridor with many well-known tenants and a combined average traffic count of 45,000 at the Property's intersection. PROPERTY HIGHLIGHTS Two Tenants Investment Grade Tenants Great Retail Location 100% occupied Long Term Lease Traffic Count: 45,000 Price / SF: $ ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 3

4 Property Description PROPERTY OVERVIEW SVN Creviston Realty, Inc. is pleased to present for sale 3330 S Cobb Dr. SE for sale. Said property operates as Advanced Auto Parts and National Healthcare Center. Excellent opportunity to investment in a 100% leased NNN tenants. LOCATION OVERVIEW The Property is located on a hard corner in a heavy retail corridor with many well-known tenants and a combined average traffic count of 45,000 at the Property's intersection. Lease Abstract Location: 3300 S Cobb Smyrna, GA Tenants: Advance Autoparts Stores Company, Inc. & National Health Care Center Building Size (SF): +/- 14,487 SF Land Area (Acres): +/ Acres Year Built: 1978/Remodeled 2008 *Landlord is responsible for foundation and structure. Tenants are responsible for roof, parking lot, HVAC, insurance, taxes and utilities. ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 4

5 Complete Highlights SALE HIGHLIGHTS Two Tenants Investment Grade Tenant Great Retail Location 100% occupied Average Daily Traffic count 45,000 ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 5

6 Tenant Overview Advance Auto Parts, Inc. (NYSE: AAP) operates as a retailer of automotive parts, accessories, and maintenance items to do-ityourself and do-it-for- me customers in the automotive aftermarket industry. The company operates in two segments, Advance Auto Parts (AAP) and Auto parts International (AI). Advance recently acquired Carquest (General Parts International) for $2 billion, making it the largest auto part dealer in the country with a combined 5,054 company operated stores, 129 Worldpac branches, and 1,218 independently owned Carquest branded stores across 49 states, Puerto Rico, the Virgin Islands, and Canada. The acquisition increased the company s access to commercial/wholesale part sales and expanded their footprint in the Northeastern United States. Advance Auto Parts is currently headquartered in Roanoke, Virginia and was founded in It premiered on the Fortune 500 list of companies in 2003, and has remained on the list ever since. As of December 30, 2017, Advance Auto Parts, Inc. (AAP) had Total Revenue of $9.37 billion, Net Income of $475 million, Net Worth of $3.41 billion, and an S&P credit rating of "BBB-/Stable." Tenant Profile Tenant Advance Stores Company, Incorporated DBA Advance Auto Parts Business Type Retail Auto Parts Entity Type Public Stock Symbol (NYSE) AAP Credit Rating BBB-/Stable Number of Locations 5,054 Revenue $9.37 billion Net Income $475 million Net Worth $3.41 billion Fiscal Year December 30, 2017 Source Yahoo! Finance Founded 1929 Headquarters Roanoke, VA Website Tenant Advance Stores Company, Incorporated DBA Advance Auto Parts Business Type Retail Auto Parts Entity Type Public Stock Symbol (NYSE) AAP Credit Rating BBB-/Stable Number of Locations 5,054 Revenue $9.37 billion Net Income $475 million Net Worth $3.41 billion Fiscal Year December 30, 2017

7 National Healthcare Center is comprised of a group of dedicated medical professionals with over 50 years of cumulative experience. They offer patients the best advice and current news to keep their family as healthy and safe as possible. National Healthcare Services include but are not limited to internal medicine, geriatric primary care, medical weight loss and management, opioid addiction and treatment, physicals, ultra sounds, in house diagnostic testing, echo cardiograms and blood test. Their dermatology arm addresses patients skin and allergy needs. Tenant Name: National Healthcare Center Lease Commencement: 11/01/2016 Lease Expiration: 8/31/2021 Gross Leasable Area: 6,487 Original Term: 5 Years Headquarters: Smyrna, GA Website: nationalhealthcarecenter.com

8 Additional Photos ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 8

9 2 LOCATION INFORMATION 3330 S Cobb Dr SE Smyrna, GA ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 9

10 Regional Map Advanced Auto Parts & National Health Care Center NNN ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 10

11 Location Maps ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 11

12 Aerial Map Advanced Auto Parts & National Health Care Center NNN ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 12

13 3 FINANCIAL ANALYSIS 3330 S Cobb Dr SE Smyrna, GA ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 13

14 Financial Summary INVESTMENT OVERVIEW FINANCIALL DATA Price $2,595,000 Price per SF $ CAP Rate 8.1% Cash-on-Cash Return (yr 1) 8.76 % Total Return (yr 1) $211,084 Debt Coverage Ratio - OPERATING DATA FINANCIALL DATA Gross Scheduled Income $156,384 Other Income - Total Scheduled Income $156,384 Vacancy Cost $0 Gross Income $211,084 Operating Expenses - Net Operating Income $211,084 Pre-Tax Cash Flow $211,084 FINANCING DATA FINANCIALL DATA Down Payment $2,408,500 Loan Amount $186,500 Debt Service - Debt Service Monthly - Principal Reduction (yr 1) - ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 14

15 Income & Expenses INCOME SUMMARY FINANCIALL DATA PER SF Advanced Auto Parts $136,000 $9.39 National Healthcare Center $75,084 $5.18 Gross Income $211,084 $14.57 EXPENSE SUMMARY FINANCIALL DATA PER SF Gross Expenses - - Net Operating Income $211,084 $14.57 ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 15

16 4 DEMOGRAPHICS 3330 S Cobb Dr SE Smyrna, GA ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 16

17 Demographics Report 1 MILE 3 MILES 5 MILES Total population 10,289 81, ,004 Median age Median age (male) Median age (female) Total households 3,984 32,989 84,916 Total persons per HH Average HH income $71,433 $73,570 $72,092 Average house value $208,953 $245,834 $258,615 * Demographic data derived from 2010 US Census ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 17

Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 10,289 81,956 204,004 Median age 31.7 32.7 32.5 Median age (male) 31.6 32.5 31.9 Median age (Female) 31.9 32.8 32.

18 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 10,289 81, ,004 Median age Median age (male) Median age (Female) MILE 3 MILES 5 MILES 3,984 32,989 84,916 # of persons per HH Average HH income $71,433 $73,570 $72,092 $208,953 $245,834 $258,615 HOUSEHOLDS & INCOME Total households Average house value * Demographic data derived from 2010 US Census ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 18

19 5 ADVISOR BIOS 3330 S Cobb Dr SE Smyrna, GA ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 19

JEFF HAMMOND, MPA Director Of Retail Services PROFESSIONAL BACKGROUND Jeff Hammond has over 20 years experience in the sale, investment, development and property management of commercial and

20 JEFF HAMMOND, MPA Director Of Retail Services PROFESSIONAL BACKGROUND Jeff Hammond has over 20 years experience in the sale, investment, development and property management of commercial and residential real estate. He has a strong entrepreneurial drive and focuses on the bottom-line while being ever mindful of providing stellar service to clients. Jeff gained his early business experience with UPS, the global leader in logistics, packaging & specialized transportation. Here he made significant contributions as a change agent improving efficiencies, reducing costs & driving quality. Jeff s commercial real estate sales and marketing expertise lie in his ability to build strong client relationships, ensure quality service and negotiate the best terms possible to close transactions. Jeff s colleagues recognize his entrepreneurial spirit and refer to him as The Bulldog and Mr. Networker. These unique skill sets have enabled him to become a top performer in marketing commercial real estate and a leader in the sale of office, retail and industrial space. Jeff has represented large national accounts and focused on retail investments. Key accounts comprised of nationally recognized corporations including Dairy Queen, Popeyes, Tilted Kilt, Dunkin Donuts, Steak 'N Shake, Allstate, American Family Insurance, Tower Loans, 607 Investments and more. He has Increased sales revenue 100% as forecasted year-over-year (2013 compared to 2012) Crabapple Road, Suite 201 Roswell, GA T C jhammond@svn.com Also, Jeff serves as a real estate consultant for 607 Investments. 607 Investments takes retail financing and construction of a QSR's land and building ONE GIANT step beyond the norm. They provide an ALL N ONE solution that takes the banks, personal monies, and cost over runs, out of a franchisees' vocabulary. Check out Jeff is an active member of numerous real estate associations, is a CCIM Candidate, and was elected as the 2013 President of the St. Charles Real Estate Association in St. Charles, MO. EDUCATION University of North Carolina Charlotte Bachelor s in Political Science Master of Public Administration Mike Lipsey School of Real Estate Dale Carnegie School of Excellence Andrew Lacey Group Real Estate Coaching Over 1,000 hours in real estate classroom training MEMBERSHIPS & AFFILIATIONS Licensed Real Estate Broker in Georgia, Florida, Missouri and Illinois Professional with over 20 years helping clients with their Commercial Real Estate needs. ADVANCED AUTO PARTS & NATIONAL HEALTH CARE CENTER NNN 3330 S COBB DR SE SMYRNA, GA SVN Creviston Realty, Inc. Page 20

POTENTIAL REDEVELOPMENT SITE

POTENTIAL REDEVELOPMENT SITE 264 N MAIN STREET ALPHARETTA, GA 30009 Jeff Hammond, MPA Director of Retail Services 210.889.6819 jhammond@svn.com SVN CREVISTON REALTY, INC. 10929 CRABAPPLE ROAD, SUITE 201,