CITGO GAS STATION HUNTSVILLE, AL OFFERING MEMORANDUM 2064 HIGHWAY 72 EAST HUNTSVILLE, AL 35811
OFFERING MEMORANDUM THIS IS AN OFFERING MEMORANDUM intended for the Citgo Gas Station located at 2064 Highway 72 East, Huntsville, AL 35811 as more particularly described here-in ( Property ). This memorandum contains information pertaining to the Property s seller and has been prepared by BRAUN, ( BRAUN ). Although the seller has reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the seller, nor any of its members, officers, directors, employees or agents, nor BRAUN, nor broker, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The seller, BRAUN and broker disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental condition of the property, or as to any other aspect of the property. PAGE 2
CITGO GAS STATION section 1 2064 Highway 72 East Huntsville, AL 35811 section 2 section 3 section 4 section 5 Financials Property Plans Information 1230 Rosecrans Ave. Suite 160 Manhattan Beach, CA 90266 fax 310.798.3123 Los Angeles San Francisco New York Chicago Cleveland Miami BRE #01912556
1 The Property CITGO GAS STATION 2064 HIGHWAY 72 EAST HUNTSVILLE, AL 35811 Property Description PAGE 4 Information Property Plans Financials
CITGO PROPERTY INFORMATION Property Description Location: 2064 Highway 72 East, Huntsville, AL 35811 Size: 2.62 acres Shape: Rectangular Frontage: The site has 210 feet of frontage on HWY 72 East Topography: The site is level at street grade Drainage: Drainage appears adequate Utilities and Services: Public utilities include power and water Parking: Ample Parking Use: The site is currently in good standing as a Citgo gas station and truck stop Building Size: 4,175 Sq Ft + 4,140 Sq Ft gas station pump canopy APN: 3-1E-15.00.I-2 12 pumping stations 3 Diesel Fuel Stations Total Monthly Rent from Tenants: $3,100 Listing Price: $1.999 Million PAGE 5
PAGE 6 Property Description CITGO
INDOORS C-STORE RESTAURANT Property Description LIQUOR STORE PAGE 7
OVERHEAD VIEW Property Description PAGE 8
2 Property Description PAGE 9 Information Property Plans Financials
THE MARKET OVERVIEW Located in Northern Alabama on Highway 72; a major east west highway that travels for 337 miles from Memphis, TN; Huntsville is one of the most recognized cities in the Southeast. It is consistently recognized as one of the best places to live and work by a variety of national publications. Kiplinger s Personal Finance named Huntsville as America s Best City of 2009. Home to several Fortune 500 companies, Huntsville also offers a broad base of manufacturing, retail and service industries. The quality of life here is second to none - with a variety of educational, recreational, and cultural opportunities. The National Trust for Historic Preservation included Huntsville in its America s Dozen Distinctive Destinations for 2010 list. Downtown Huntsville PAGE 10
DEMOGRAPHICS OVERVIEW Huntsville is the fourth-largest city in Alabama and the largest city in the five-county Huntsville-Decatur Combined Statistical Area, which at the 2013 census had a total population of 683,871. In 2013, the Huntsville metropolitan area became the 2nd largest in Alabama with a population of 435,737. The city is home to over 17 universities, colleges and technical schools. University of Alabama in Huntsville is a center for technology and engineering research in the area with more than 7,700 students. University of Alabama PAGE 11
ECONOMIC INFORMATION Huntsville is a business hub and draws consumers from well beyond its immediate area. The Huntsville metropolitan area is the largest commercial center in the northern Alabama. The Huntsville-Madison County economy is represented by various sectors of employment. Cummings Aerospace Research Park in Huntsville, less than 20 minutes away, is home to 300 companies, employing over 25,000 persons. Its tenants include fifty-seven Fortune 500 companies, local and international high-tech enterprises, US Space and Defense agencies, a technology business incubator, technology-oriented high schools, and competitive higher education institutions. There are several strip malls and shopping malls throughout the city. Huntsville has two enclosed malls Madison Square Mall, Alabama s largest enclosed shopping center and Parkway Place, an upscale shopping mall. There is an upscale lifestyle center Bridge Street Town Centre featuring more than 70 shops and restaurants. Madison Square Mall, Huntsville Alabama PAGE 12
CITY OF HUNTSVILLE ECONOMY HUNTSVILLE, AL UNITED STATES Future Job Growth 31.60% 36.10% Sales Taxes 9.00% 6.00% Income Taxes 5.00% 4.72% Income per Cap. $30,299 $28,051 Household Income $48,632 $53,046 Family Median Income $65,947 $64,585 ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME Income between 20K and 30K 12.37% 10.57% Income between 30K and 40K 9.97% 9.90% Income between 40K and 50K 8.17% 8.95% Income between 50K and 60K 7.18% 8.08% Income between 60K and 75K 8.83% 10.09% Income between 75K and 100K 10.97% 12.25% Income between 100K and 150K 12.49% 12.82% Income between 150K and 200K 5.19% 4.78% Income greater than 200K 4.36% 4.64% POPULATION BY OCCUPATION Management, business, finance 14.39% 14.36% Engineering, computers, science 11.23% 5.24% Community, social services 1.57% 1.66% Legal 0.97% 1.17% Education, library 6.09% 6.10% Arts, design, media, sports, entertainment 1.99% 1.88% Healthcare practitioners and technology 5.17% 5.49% Healthcare support 2.19% 2.47% Firefighters, law enforcement 1.65% 2.24% Food preparation, serving 6.24% 5.61% Building maintenance 4.45% 3.97% Personal care 2.87% 3.54% Sales, office, administrative support 24.30% 24.89% Farming, fishing, forestry 0.19% 0.73% Construction, extraction, maintenance/repair 6.23% 8.56% Production, transportation, material moving 10.46% 12.10% PAGE 13
3 Financials Property Description EXPRESS SPIRIT 2014 MONTH SALES TAX TOTAL MTD January 14812.48 1183.30 15995.78 15995.78 February 14392.00 1147.28 15539.28 31535.06 March 15771.88 1419.17 17191.05 48726.11 April 13975.07 1257.60 15232.67 63958.78 May 14923.87 1342.88 16266.75 80225.53 June 12950.33 1164.37 14114.70 94340.23 July 13302.20 1197.09 14499.29 108839.52 August 12353.54 1111.63 13465.17 122304.69 September 12155.50 1093.79 13249.29 135553.98 October 12205.14 1098.32 13303.46 148857.44 November 12790.00 1150.95 13940.95 162798.39 December 13846.20 1246.10 15092.30 177890.69 Total 163478.21 14412.48 177890.69 PAGE 14 CITGO FUEL EXPRESS 2014 MONTH BEER GROCERY OTHER TOTAL MTD January 16376.39 26593.57 16261.85 59231.81 59231.81 February 14251.85 25895.29 15179.82 55326.96 114558.77 March 19110.81 30042.82 16392.70 65546.33 180105.10 April 17271.47 29379.92 15952.89 62604.28 242709.38 May 20388.06 32258.02 16977.14 69623.22 312332.60 June 17739.65 31108.56 16381.54 65229.75 377562.35 July 18280.79 31069.88 16165.24 65515.91 443078.26 August 19218.38 30052.44 16976.83 66247.65 509325.91 September 17200.10 28390.47 17347.41 62937.98 572263.89 October 18098.61 24203.09 16312.78 58614.48 630878.37 November 17795.32 22441.07 14805.05 55041.44 685919.81 December 19081.80 23264.64 16541.44 58887.88 744807.69 Total 214813.23 334699.77 195294.69 744807.69 Information Property Plans Financials
FINANCIALS MONTH UNLEAD PLUS SUPER GAS TOTAL CITGO FUEL EXPRESS GALLON YEAR: 2014 DIESEL OFF ROAD DIESEL TOTAL KERO TOTAL SALES YTD January 36789.15 2576.99 2986.01 42352.15 45515.74 904.41 46420.15 899.17 89671.47 59231.81 59231.81 February 31325.72 2160.52 2434.19 35920.43 39382.14 622.22 40004.36 292.01 76216.80 55326.96 114558.77 March 36630.17 2736.10 2962.64 42328.91 39512.33 645.96 40158.29 194.64 82681.84 65546.33 180105.10 April 38018.64 2992.44 2810.96 43822.04 44529.56 617.37 45146.93 25.94 88994.91 62604.28 242709.38 May 39107.85 3056.86 3022.76 45187.47 45065.02 1235.35 46300.37 12.27 91500.11 69623.22 312332.60 June 38335.52 2927.55 2881.95 44145.02 48224.97 1346.93 49571.90 5.48 93722.41 65229.75 377562.35 July 38443.43 3077.53 3570.03 45090.99 51513.02 1063.98 52577.00 0 97667.99 65515.91 443078.25 August 38105.16 2738.60 3249.60 44093.36 46593.22 348.98 46942.20 0 91035.56 66247.65 509325.91 September 35267.91 2824.23 2703.86 40796.00 52658.13 1169.31 53827.44 12.65 94636.09 62937.98 572263.89 October 35523.99 2589.26 2736.71 40849.96 49837.80 492.42 50330.22 28.03 91208.21 58614.48 630878.37 November 34253.28 2611.52 3089.64 39954.44 42198.77 811.21 43009.98 269.39 83233.81 55041.44 685919.81 December 32889.41 2383.51 2858.85 38131.77 44997.98 1316.59 46314.57 199.06 84645.40 58887.88 744808.69 Total 434690.23 32675.11 35307.20 502672.54 550028.68 10574.73 560603.41 1938.64 1065214.60 744807.69 Financials PAGE 15
4 Property Plans Property Description PLAT MAP - C-STORE PAGE 16 Information Property Plans Financials
PROPERTY PLANS PLAT MAP - ADJACENT VACANT LAND TRACT Property Plans PAGE 17
5 Information Property Description PAGE 18 Information Property Plans Financials
INFORMATION OFFERING PROCESS Offers are being considered on a first-come-first-offer basis. We suggest buyers conduct their due diligence as quickly as possible. Email: david@braunworldbid.com Fax: 310.798.8883 Mail: BRAUN Inc., 1230 Rosecrans Ave., Suite 160, Manhattan Beach CA 90266. Attention: Citgo Huntsville BUYER BROKER PARTICIPATION A two percent (2.0%) commission will be paid to any licensed agent who represents and registers a successful buyer. PROPERTY INFORMATION The property information is a complete compilation of documents, forms, reports, and information related to the property and is available on our website for review and download. PROPERTY PREVIEW You may view the property at anytime. DUE DILIGENCE MATERIALS Braun is providing the following information: 2011 to 2014 Sales Reports Leases Operating Agreement PAGE 19 Information
TIMELINE PROPERTY INSPECTION You may preview the property at anytime. COMPLETE DUE DILIGENCE After visiting the property, prospective buyers should perform their own due diligence, including review of the property information at BraunWorldbid.com. Submit your offer with proof of funds. PAGE 20 Information
DISCLAIMER DISCLAIMER: BRAUN makes no representations or warranties on approved uses of the property. This brochure is provided for the sole purpose of allowing a potential buyer to evaluate the subject property. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor seller and broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any hazardous materials in relation to the property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, broker, sales agents or seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN will not be responsible if the property is unsatisfactory to the bidder in any way. All decisions by the Court shall be final. PROPERTY VALUE Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value. PAGE 21