FOR SALE C-STORE/GAS STATION WITH SUBWAY SANDWICH PARK N SHOP - C/STORE, GAS STATION WITH SUBWAY SANDWICH 4013 Doctor MLK Blvd New Bern, NC 28562 PRESENTED BY: PROPERTY HIGHLIGHTS SHAILESH SHAH, CCIM Managing Director 757.695.3180 shailesh.shah@svn.com CIM TOTAL GROSS PROFIT $ 232,496.61 Credit Card Fees $ 29,954.08 Insurance $ 7,768.40 Repair & Maintenance $ 10,562.27 Subway Royalty $ 16,035.43 Salary $ 95,101.76 Taxes $ 9,583.83, Telephone & Internet $ 3,229.28 Utilities $ 26,894.88 Total Expenses Adjusted $ 172,280.51 NET OPERATING INCOME $ 60,216.10
DISCLAIMER The material contained in this OOering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this OOering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this OOering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This OOering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this OOering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any Pnal, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their oqcers, employees, representatives, independent contractors or aqliates, for the accuracy or completeness thereof. Recipients of this OOering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This OOering Brochure is a solicitation of interest only and is not an ooer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OOering Brochure or making an ooer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an ooer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.
TABLE OF CONTENTS 1. PROPERTY INFORMATION 4 Executive Summary 5 Complete Highlights 6 Property Overview 7 2. LOCATION INFORMATION 8 Location Maps 9 3. FINANCIAL ANALYSIS 10 Financial Summary 11 Income & Expenses 12 4. DEMOGRAPHICS 13 Demographics Report 14 Demographics Map 15 Additional Photos 16 Additional Photos 17 Additional Photos 18 Additional Photos 19 Additional Photos 20 5. ADDITIONAL INFORMATION 21 6. ADVISOR BIOS 22 Advisor Bio & Contact 1 23
1 PROPERTY INFORMATION
SECTION 1 PROPERTY INFORMATION Executive Summary SALE OVERVIEWVIEW SALE PRICE: $600,000 CAP RATE: 10.04% NOI: $60,220 LOT SIZE: 0.94 Acres PROPERTY DESCRIPTION Inside Sale (2015) $ 333,455.93 Subway Sale(2015) $ 201,048.72 Lotto & Scratch Lottery (2015) $ 378,,864.50 ATM Commission $ 2,407.25, Check Cashing $ 1,780.00 & Vending $ 779.75 Total Gross ProPt $ 232,496.61 BUILDING SIZE: CEILING HEIGHT: 2,100 SF 10.0 FT YEAR BUILT: 1994 RENOVATED: 2000 ZONING: MARKET: SUB MARKET: CROSS STREETS: Commercial New Bern New Bern Greenleaf Cemetary Road 5
SECTION 1 PROPERTY INFORMATION Complete Highlights PROPERTY HIGHLIGHTS TOTAL GROSS PROFIT $ 232,496.61 Credit Card Fees $ 29,954.08 Insurance $ 7,768.40 Repair & Maintenance $ 10,562.27 Subway Royalty $ 16,035.43 Salary $ 95,101.76 Taxes $ 9,583.83, Telephone & Internet $ 3,229.28 Utilities $ 26,894.88 Total Expenses Adjusted $ 172,280.51 NET OPERATING INCOME $ 60,216.10 6
SECTION 1 PROPERTY INFORMATION Property Overview Physical Description Property Name: Type of Ownership: Property Type: APN: Building Size: Gross Leasable Area: Building Class: Zoning: Park N Shop - C/Store, Gas Station with Subway Sandwich FEE SIMPLE C-store/Gas Station with Subway Sandwich 8-207-3 -A-004 2,100 SF SF D Commercial Construction Year Built: 1994 Number of Stories: 1 Foundation: SLAB Parking Type: Roof: Interior Finish Walls: Ceilings: Floor Coverings: Restrooms: 7
2 LOCATION INFORMATION
SECTION 2 LOCATION INFORMATION Location Maps 9
3 FINANCIAL ANALYSIS
SECTION 3 FINANCIAL ANALYSIS Financial Summary INVESTMENT OVERVIEWVIEW 2015 Price $600,000 Price per SF $285.71 CAP Rate 10.0% Cash-on-Cash Return (yr 1) 14.99 % Total Return (yr 1) $38,956 Debt Coverage Ratio 2.1 OPERATING DATA 2015 Gross Scheduled Income - Other Income - Total Scheduled Income - Vacancy Cost - Gross Income $232,494 Operating Expenses $172,274 Net Operating Income $60,220 Pre-Tax Cash Flow $31,481 FINANCING DATA 2015 Down Payment $210,000 Loan Amount $390,000 Debt Service $28,739 Debt Service Monthly $2,394 Principal Reduction (yr 1) $7,475 11
SECTION 3 FINANCIAL ANALYSIS Income & Expenses INCOME SUMMARY 2015 Total Gallons 1,110,994.60 Average Gross Gas ProPt $66,659 Total Inside Sale $ 333,455.93 Average Inside Gross ProPt $73,360 Total Subway Sale $ 201,048.72 Average ProPt from Subway $62,051 Total Lottery and Lotto Sales $ 378,864.50 Average ProPt from Lotto $25,458 ATM Commission $2,407 Check Cashing Fee $1,780 Vending Income $779 GROSS INCOME $232,494 EXPENSE SUMMARY 2015 Accounting $1,972 Advertising $10,579 Bank Service Charge $1,996 Credit Card Fee $29,954 Insurance $7,768 Misc $183 OQce Expenses $417 Repair & Maintenance $10,562 Subway Royalty Fee $16,035 Salaries $95,101 Security $469 Supplies $1,239 Taxes $9,583 Telephone & Internet $3,229 Utilities $26,894 Adjustment Expenses -$43,707 GROSS EXPENSES $172,274 NET OPERATING INCOME $60,220 12
4 DEMOGRAPHICS
SECTION 4 DEMOGRAPHICS Demographics Report 1 MILE 5 MILES 10 MILES Total households 864 16,599 26,292 Total persons per hh 2.1 2.2 2.3 Average hh income $73,434 $59,030 $59,476 Average house value $232,448 $180,030 $180,221 1 MILE 5 MILES 10 MILES Total population 1,849 35,980 59,484 Median age 47.3 43.1 41.9 Median age (male) 46.2 41.5 40.4 Median age (female) 48.5 45.3 43.6 * Demographic data derived from 2010 US Census 14
SECTION 4 DEMOGRAPHICS Demographics Map POPULATION 1 MILE 5 MILES 10 MILES TOTAL POPULATION 1,849 35,980 59,484 MEDIAN AGE 47.3 43.1 41.9 MEDIAN AGE (MALE) 46.2 41.5 40.4 MEDIAN AGE (FEMALE) 48.5 45.3 43.6 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES TOTAL HOUSEHOLDS 864 16,599 26,292 # OF PERSONS PER HH 2.1 2.2 2.3 AVERAGE HH INCOME $73,434 $59,030 $59,476 AVERAGE HOUSE VALUE $232,448 $180,030 $180,221 * Demographic data derived from 2010 US Census 15
SECTION 4 DEMOGRAPHICS Additional Photos 16
SECTION 4 DEMOGRAPHICS Additional Photos 17
SECTION 4 DEMOGRAPHICS Additional Photos 18
SECTION 4 DEMOGRAPHICS Additional Photos 19
SECTION 4 DEMOGRAPHICS Additional Photos 20
5 ADDITIONAL INFORMATION
6 ADVISOR BIOS
SECTION 6 ADVISOR BIOS Advisor Bio & Contact 1 Shailesh Shah, CCIM Managing Director SVN Shah Companies Shailesh Shah, CCIM serves as a senior advisor for Sperry Van Ness/ Small-Shah Commercial Advisors specializing in the sale of hotel/ motel and convenience stores in the South and Eastern States. Shah has years of commercial real estate experience. Prior to joining Sperry Van Ness, Shah was a sales associate with Advantis Commercial Real Estate Company focusing on hospitality properties and C-store gas station sales and sites selection. He started his sales carrer with Century 21 First Colony real estate for three years. Phone: 757.695.3180 Email: shailesh.shah@svn.com Address: 3213 Duquesne Drive Chesapeake, VA 23321 As an active advisor, Shah is CertiPed Commercial Investment Member (CCIM). As such, he is a candidate for the prestigious CCIM designation. He is also a member of the Hotel Brokers International and a candidate for the organization's CertiPed Hotel Broker designation. He is a member of the National Association of Realtors holding the GRI designation; the National Association of C-stores; and the Asian Indian Hotel Owner Association (AAHOA. Shah has been awarded from the Hampton Roads Realtors Association. Shah earned a Bachelor of Science in physics and math from Gujarat University, India. With a love of photography, Shah served as a photographer for royal families of India. He came to the U.S. in 1995 with little pocket money and purchased a grocery store. 23