Affordable EXCLUSIVE Dentures LISTING Sylvania (Toledo), OH Affordable Dentures Sylvania (Toledo), OH Actual Site NATALIA NUNNO (703) 787-4715 nnunno@calkain.com JONATHAN W HIPP PRESIDENT & CEO (703) 787-4725 jhipp@calkain.com CALKAIN.COM 1
Affordable Dentures Sylvania (Toledo), OH Financial Summary 6411 River Crossings Sylvania, OH 43560 Asking Price $921,543 Cap Rate 8.75% Net Operating Income (NOI) $80,635 Rent/Month $6,720 Rent/SF $27.13 Rentable Square Feet 2,972+/- SF Investment Highlights Rental increases every 5 years based on CPI with maximum increase set at 15% Corporate guaranty Strong tenancy since 2002 Profitable location Extremely favorable assumable loan Conveniently located 0.5 miles off of US-23 and 1.75 miles off of I-75 Land Area Tenant Name Website Guarantor Ownership Type Lease Type Landlord Responsibilities 0.599+/- Acres Affordable Dentures affordablecare.com Corporate Fee Simple NN Roof & Structure This investment property is occupied by Affordable Dentures, with a guaranty by their corporate parent company, Affordable Care Industries. Operating on a long term net lease, this asset allows the passive investor an opportunity to acquire quality real estate backed by a national company. Store Opened 2002 Lease Effective Date September 1, 2008 Lease Expiration August 31, 2020 Increases Options CPI Every 5 Years Two (2), Five (5) Year 2
About Affordable Dentures The first Affordable Dentures dental practice opened in 1975 in Kinston, North Carolina when founding dentists, Dr. George Edwards, Jr., and Dr. Donald Henson, saw a growing need in their community for dentures and tooth extractions at affordable fees. Same-Day Dentures The founders also discovered how important it was to provide immediate dentures with same-day service, especially for patients who had traveled great distances, or for those who were taking time off work to get treatment. Same-day service made the practices very unique. To this day, every affiliated practice has its own on-site denture lab to offer efficient, convenient dental care for its patients. Continuing to Grow With more than 220 affiliated practices in 39 states, affiliated practice owners benefit from the clinical and technical experiences they are able to share as a network of dental caregivers. More than six million patients have received services from the affiliated practices providing affordable dentures and implants. The Mission Even though each practice is individually owned and operated by a licensed, general dentist, and some policies may differ from practice to practice, every affiliated practice has a common goal: To provide affordable denture services and dental care that are delivered with compassion, dignity and respect for all patients. Affordable Dentures Sylvania (Toledo), OH Tenant Overview 3
Affordable Dentures Sylvania (Toledo), OH Location Overview Distance To: Detroit, MI Cleveland, OH Columbus, OH Indianapolis, IN 75 miles 125 miles 148 miles 224 miles Detroit, MI Subject Site Toledo, OH 75 90 Cleveland, OH Columbus, OH Indianapolis, IN 4
6411 River Crossings Sylvania, OH Affordable Dentures Sylvania (Toledo), OH MICHIGAN OHIO Monroe Street 15,900 VPD Northview High School Subject Site 23 Monroe Street 18,820 VPD Sylvania Country Squire Shopping Center Lourdes University 29,640 VPD Route 23 5
6411 River Crossings Sylvania, OH Affordable Dentures Sylvania (Toledo), OH Monroe Street 18,820 VPD Subject Site 6
Affordable Dentures Sylvania (Toledo), OH Demographics Radius 1 Mile 3 Miles 5 Miles Population 2017 Population 6,899 42,018 114,853 2022 Population 6,839 41,799 114,145 2017 Male Population 46.3% 47.9% 48.1% 2017 Female Population 53.7% 52.1% 51.9% 2017 Median Age 44.8 44.6 42.7 Households 2017 Total Households 2,934 16,990 48,446 2022 Total Households 2,913 16,955 48,297 2017 Average Household Size 2.24 2.43 2.35 Median Household Income 2017 Median Household Income $57,559 $71,167 $59,022 2022 Median Household Income $66,685 $80,723 $68,267 2017-2022 Annual Rate 2.99% 2.55% 2.95% Average Household Income 2017 Average Household Income $72,321 $91,900 $82,390 2022 Average Household Income $82,834 $104,229 $93,558 2017-2022 Annual Rate 2.75% 2.55% 2.57% Per Capita Income 2017 Per Capita Income $32,222 $37,536 $34,925 2022 Per Capita Income $36,843 $42,662 $39,760 2017-2022 Annual Rate 2.72% 2.59% 2.63% 7
Affordable Dentures Sylvania (Toledo), OH Market Overview Toledo, OH The property is situated off of Monroe Street, the main commercial corridor serving the Sylvania, OH market. Sylvania is a suburb of Toledo, located just 12 miles from the city center. Toledo, located in Northwest Ohio, is the fourth most populous city in Ohio, and lies on the western end of Lake Erie, bordering the State of Michigan. The city was founded in 1833 on the west bank of the Maumee River, originally incorporated as part of Monroe County, Michigan Territory, then re-founded in 1837, after conclusion of the Toledo War, when it was incorporated in Ohio. Toledo grew quickly as a result of the Miami and Erie Canal and its position on the railway line between New York and Chicago. It has since become a city well known for its industry, particularly in glass and auto assembly, as well as for its art community, education, and local sports teams. The population of Toledo as of the 2014 Census was 281,031 while the Toledo metropolitan area had a population of 605,221. Toledo Skyline Toledo Mud Hens 8
Affordable Dentures Sylvania (Toledo), OH About Calkain Who Are We? Calkain Companies LLC is a national commercial real estate firm that provides consulting and brokerage services to both private and institutional clientele with an expertise on triple net lease investments. We pride ourselves on being a world class leader by providing our clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, estate planning and wealth management. We have built solid relationships throughout our decades of experience and innovation, implementing long-term allocation within the context of each client s particular risk tolerance and identifying how best to acquire and dispose of income producing properties for each entities specific set of investment criterion. At Calkain, our foresight and past performance are leading the net lease investment industry. Our History Like most success stories, Calkain was formulated from humble beginnings. Jonathan W. Hipp, President and CEO, took the initiative to build upon his decades of experience and performance and left a large international brokerage firm to become an independent and innovative leader within the triple net lease investment community. Armed with a sole employee and a single office, the firm has grown exponentially since its infancy in 2005. $11.5 Billion in Closed Transactions With the growth in staff, seasoned professionals have been attracted to Calkain s model of innovation, entrepreneurship and the fostering of long-lasting and meaningful relationships. Industry experts have joined Calkain in the hopes of implementing the skills they have honed in complementary aspects of real estate investment. Through a tremendous endeavor, tireless hours have been committed to continually prove that Calkain is America s Net Lease Company. Its countless accolades received from the world s leading business publications, including Forbes, Fortune and the New York Times have confirmed that Calkain is a true leader in triple net lease investing services. Client Testimonial USRA has worked with Calkain on numerous occasions. They have always been meticulous in their work ethic, providing superior service and extremely prompt attention to our needs. I highly recommend them. - Jack Genende, Partner U.S. Realty Advisors, LLC. (USRA) $350 Million in Active Listings NATALIA NUNNO (703) 787-4715 nnunno@calkain.com JONATHAN W HIPP PRESIDENT & CEO (703) 787-4725 jhipp@calkain.com CALKAIN.COM 9
Contact Us Corporate Headquarters Washington, DC 12930 Worldgate Drive Suite 150 Herndon, VA 20170 T: (703) 787-4714 F: (703) 787-4783 South Florida 200 SW 1st Avenue Suite 880 Fort Lauderdale, FL 33301 T: (813) 282-6000 Atlanta 111 Village Parkway, Building 2 Suite 202 Marietta, GA 30067 T: (404) 900-5629 Boston 101 Federal Street Suite 1900 Boston, MA 02110 T: (617) 261-8584 CALKAIN.COM DISCLAIMER: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.