CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 Jeff Hammond, MPA Director of Retail Services 210.889.6819 jhammond@svn.com SVN CREVISTON REALTY, INC. 10929 CRABAPPLE ROAD, SUITE 201, ROSWELL, GA 30075 OFFERING MEMORANDUM
1 PROPERTY INFORMATION 2356 Clay Road Austell, GA 30106 CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 2
Property Summary OFFERING SUMMARY Sale Price: $945,000 Cap Rate: 8.89% NOI: $84,000 Lot Size: 1.499 Acres Building Size: 19,609 SF Renovated: 2017 Market: Atlanta MSA Submarket: Austell Price / SF: $48.19 PROPERTY OVERVIEW SVN Creviston Realty, Inc. Cumberland School for sale leaseback. Said property sits on the corner at a signalized intersection of Clay Road and Flint Hill road in Austell. Cumberland School consist of 3 buildings, +/-50 Parking Spaces and a fenced in Playground. This is a 7 year sales lease back. Cumberland School Philosophy: Cumberland School is an independent Christian school that exists to challenge young people to know Jesus Christ as Savior and Lord, to adopt a biblical world view, to love others as themselves, and to grow in the knowledge and skill through academic excellence, in order that they may serve our Lord and others through their character, spiritual integrity, and leadership. Cumberland School has 4 locations, is one of the top 50 Christian Schools,accredited with ACSI, The Georgia Accreditation Commission Inc. and AdvancED Accredited SACS. https://www.cumberlandchristian.org PROPERTY HIGHLIGHTS Absolute NNN - Sales Leaseback 3 Buildings Playground CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 3
Property Description PROPERTY OVERVIEW SVN Creviston Realty, Inc. Cumberland School for sale leaseback. Said property sits on the corner at a signalized intersection of Clay Road and Flint Hill road in Austell. Cumberland School consist of 3 buildings, +/-50 Parking Spaces and a fenced in Playground. This is a 7 year sales lease back. Cumberland School Philosophy: Cumberland School is an independent Christian school that exists to challenge young people to know Jesus Christ as Savior and Lord, to adopt a biblical world view, to love others as themselves, and to grow in the knowledge and skill through academic excellence, in order that they may serve our Lord and others through their character, spiritual integrity, and leadership. Cumberland School has 4 locations, is one of the top 50 Christian Schools,accredited with ACSI, The Georgia Accreditation Commission Inc. and AdvancED Accredited SACS. https://www.cumberlandchristian.org LOCATION OVERVIEW Located at the intersection of Clay Rd SW and Flint Hill Road CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 4
Complete Highlights SALE HIGHLIGHTS Absolute NNN - Sales Leaseback 3 Buildings Playground Great Visibility CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 5
Additional Photos CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 6
2 LOCATION INFORMATION 2356 Clay Road Austell, GA 30106 CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 7
Regional Map Cumberland School - Absolute NNN CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 8
Location Maps CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 9
Aerial Map Cumberland School Absolute NNN CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 10
3 FINANCIAL ANALYSIS 2356 Clay Road Austell, GA 30106 CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 11
Financial Summary INVESTMENT OVERVIEW SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA Price $945,000 Price per SF $48.19 CAP Rate 8.9% Cash-on-Cash Return (yr 1) 8.89 % Total Return (yr 1) $84,000 Debt Coverage Ratio - OPERATING DATA SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA Gross Scheduled Income $84,000 Other Income - Total Scheduled Income $84,000 Vacancy Cost $0 Gross Income $84,000 Operating Expenses - Net Operating Income $84,000 Pre-Tax Cash Flow $84,000 FINANCING DATA SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA Down Payment $945,000 Loan Amount - Debt Service - Debt Service Monthly - Principal Reduction (yr 1) - CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 12
Income & Expenses INCOME SUMMARY SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA PER SF Gross Income $84,000 $4.28 EXPENSE SUMMARY SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA PER SF Gross Expenses - - Net Operating Income $84,000 $4.28 CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 13
Rent Roll UNIT PRICE TENANT UNIT SIZE LEASE LEASE LEASE ANNUAL % OF PER SF/ RECOVERY NAME NUMBER (SF) START END START RENT BUILDING YR TYPE COMMENTS Cumberland 19,609 07/01/18 06/30/26 Current $84,000 100.0 $4.28 Increases every year - School 7/1/2019 $71,965 $3.67 $500 6/1/2021 $78,043 $3.98 7/1/2022 $83,926 $4.28 7/1/2023 $90,005 $4.59 7/1/2024 $96,084 $4.90 7/1/2025 $101,966 $5.20 Totals/Averages 19,609 $84,000 $4.28 $0 $0 CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 14
4 DEMOGRAPHICS 2356 Clay Road Austell, GA 30106 CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 15
Demographics Report 1 MILE 3 MILES 5 MILES Total population 4,745 48,922 131,596 Median age 38.2 35.6 34.9 Median age (male) 36.9 34.1 33.5 Median age (female) 40.7 37.1 36.3 Total households 1,849 18,338 47,712 Total persons per HH 2.6 2.7 2.8 Average HH income $68,085 $59,737 $64,640 Average house value $145,988 $179,716 * Demographic data derived from 2010 US Census CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 16
Demographics Map POPULATION 1 MILE 3 MILES 5 MILES 4,745 48,922 131,596 Median age 38.2 35.6 34.9 Median age (male) 36.9 34.1 33.5 Median age (Female) 40.7 37.1 36.3 1 MILE 3 MILES 5 MILES 1,849 18,338 47,712 # of persons per HH 2.6 2.7 2.8 Average HH income $68,085 $59,737 $64,640 $145,988 $179,716 Total population HOUSEHOLDS & INCOME Total households Average house value * Demographic data derived from 2010 US Census CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 17
5 ADVISOR BIOS 2356 Clay Road Austell, GA 30106 CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 18
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). 10929 Crabapple Road, Suite 201 Roswell, GA 30075 T 210.889.6819 C 210.889.6819 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 www.607investments.com. 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. CUMBERLAND SCHOOL - ABSOLUTE NNN 2356 CLAY ROAD AUSTELL, GA 30106 SVN Creviston Realty, Inc. Page 19
10929 Crabapple Road, Suite 201 Roswell, GA 30075 210.889.6819 www.svn.com All SVN Offices Independently Owned & Operated 2018 All Right Reserved