MotoMart Alternate Cover

MotoMart
$3,228,267
7.50% CAP
3750 New Town Boulevard Saint Charles, MO 63301 (Saint Louis)
20 Year Absolute Net Lease
16 Pumping Stations with C-Store and Drive-Thru Car Wash
Less than One Mile from Interstate 370
Excellent Street Visibility
Class A Construction Completed in 2009
Adjacent to 746 Acre New Town Residential Development and Fountain Lakes Commerce Center Retail and
Commercial Development which Serves the Community
Kase Abusharkh
Managing Director
SVN | The Kase Group
(925) 348-1844
kase@svn.com
The Kase Group
Daniel B. Barnes
Principal
Lee & Associates
(314) 480-4104
dbarnes@lee-associates.com
Table of Contents
1
Financial Analysis
Executive Summary
Investment Information
Rent Roll Summary
2
Additional Information
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
1 . Financial Analysis
All Sperry Van Ness® Offices Independently Owned and Operated.
Executive Summary
MOTOMART
3750 New Town Boulevard
Saint Charles, MO 63301
List Price
Price Per GLA
Price per S.F.
CAP
$3,228,267
$49.52
$647.86
7.50 %
GLA
Building S.F.
Percent Occupied
65,193
4,983
100.00 %
New NNN Leased MotoMart
Cross Street
Market
Mueller Road
Saint Louis
Year Built
Location Class
Corner
No. of Parking Spaces
No.Tenants
2009
A
Yes
30
1
Sub Market
Saint Charles
Building Class
No. of Buildings
Zoning Type
Parking Ratio
A
2
Commercial
6.02/1000
Property Descriptions
Construction
Traffic Counts
Class A construction newly completed in 2009.
58,820 ADT on I-370 (near New Town Boulevard); 18,327 ADT on Elm Street (near
I-370)
Ingress/Egress
The asset benefits from excellent visibility and access. There is ingress and egress to
and from both New Town Boulevard and Fountain Lake Boulevard.
Major Tenants
MotoMart is a family owned company that employs over 800 employees in 75
convenience stores located in six states, Illinois, Missouri, Indiana, Ohio, Wisconsin and
Minnesota. MotoMart pride themselves on great customer service and clean, customer
friendly locations. MotoMart strives to provide customers with the highest quality
merchandise and gasoline and a customer friendly experience that will keep them
coming back.
MotoMart changing many aspects of their business to help create a sustainable planet
that’s clean and healthy for generations to come. MotoMart has been awarded an
Environmental Stewardship Award by Innovative Facilites Solutions.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Area
St. Charles is part of the 3 million person St. Louis MSA. Specifically the subject
property is located in the rapidly developing Fountain Lakes Commerce Center, and is
adjacent to New Town of St. Charles. New Town is a 5,700 home, mixed-use “New
Urbanist” development. At 746 acres, New Town is one of the largest Traditional
Neighborhood Developments in the US. It features a blend of courtyard cottages and
stately homes mixed with open public spaces, entertainment, restaurants, and
amenities that have earned national recognition. Fountain Lakes Commerce center is a
growing commercial development that is comprised of retail centers, banks, hotels,
office and distribution developments. Fountain Lakes is bisected by I-370 providing
access to other major interstates like I-270 and I-70. Major employers along I-370
include: Boeing, FedEx Freight, Central States Coca Cola, Sysco Foods, Glazer’s
Distributors, Western Union Financial, Cintas, LMI/Aerospace, Cardinal Health, and
Gateway Medical Research.
Property
The subject property is a 4,983 SF Moto Mart, gas station/convenience store featuring
16 pumping stations and a drive-thru car wash. It was completed and occupied by
MotoMart in 2009, and sits on a +65,193 SF site at the signalized intersection of New
Town Boulevard and Fountain Lakes Boulevard. The site is less than one mile north of
I-370 and has excellent visibility to New Town Boulevard in the Fountain Lakes
Commerce Center. Subject property is zoned commercial. Some of the neighboring
tenants include Central States Coca Cola, FedEx Freight, Sysco Foods, Newco
Enterprises, and Cardinal Heath. The site lies approximately 1 mile south of the New
Town of St. Charles “New Urbanist” neighborhood development. New Town is a
planned urban community of 746 acres, and 5,700 home sites. Gas stations can be
depreciated on a 15 year basis, as opposed to 39.5 year schedule, producing lower
taxable income.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Investment Information
MOTOMART
Listing Price
Current CAP
2019 CAP
Price Per S.F.
Price Per GLA
3750 New Town Boulevard Saint Charles, MO 63301
$3,228,267
7.50 %
7.73 %
$647.86
$49.52
Estimated Annualized Operating Data
Net Operating Income
GLA
Building S.F.
Percent Occupied
65,193
4,983
100.00 %
Current
2019
Option 1
Option 2
$242,120
$249,384
$256,866
$264,572
Highlights
20 Year Absolute Net Lease
16 Pumps with C-Store and Drive-Thru
Car Wash
Excellent Visibility - Off of I-370
Adjacent to 746 Acre Residential
Development
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.s vn .co m
Rent Roll Summary
Tenant Name
Start Date
End Date Occupied
S.F.
Moto Mart, Inc.
9/17/2009
9/30/2029
65,193
Total
65,193
Annual
Rent S.F.
$3.71
Occupied
Rent
% of Escalations / Options / Comments
Total
$242,120 100.0 % Rent increases 3% in Year 11.
Tenant has four 5 year options to renew.
Rent increases 3% at each option period.
$242,120 100.0 %
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All Sperry Van Ness® Offices Independently Owned and Operated.
2 . Additional Information
All Sperry Van Ness® Offices Independently Owned and Operated.
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Aerial Photo
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All Sperry Van Ness® Offices Independently Owned and Operated.
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Parcel Map
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All Sperry Van Ness® Offices Independently Owned and Operated.
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Site Plan
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All Sperry Van Ness® Offices Independently Owned and Operated.
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New Town
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All Sperry Van Ness® Offices Independently Owned and Operated.
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Location Map
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
All Sperry Van Ness® Offices Independently Owned and Operated.
Demographics Report
3708 Mueller Road
Saint Charles, MO 63301
1.00 Mile
Ring
3.00 Mile
Ring
5.00 Mile
Ring
POPULATION
1990 Population
2000 Population
2009 Population
% Population Change 1990-2000
4,093
4,549
5,422
11.14 %
39,013
38,589
40,649
-1.09 %
68,679
73,862
78,039
7.55 %
2014 Total Population
% Population Change 2000-2009
% Population Change 2009-2014
2014 Total Households
% Households Change 2000-2009
% Households Change 2009-2014
2009 Household Income $200,000-$249,999
2009 Household Income $250,000-$499,999
2009 Household Income $500,000+
2009 Average Household Size
2009 Total Owner Occupied Housing Units
2009 Total Renter Occupied Housing Units
2009 Total Daytime Population
2009 Total Daytime Work Population
2009 Total Establishments
5,491
19.19 %
1.27 %
2,444
26.49 %
4.44 %
8
19
0
2.42
1,954
389
4,069
2,272
192
40,132
5.34 %
-1.27 %
16,741
10.24 %
1.24 %
39
77
2
2.30
11,741
4,773
36,428
20,423
2,024
77,387
5.66 %
-0.84 %
33,200
10.86 %
1.89 %
60
137
3
2.31
21,506
11,065
83,062
51,263
5,051
HOUSEHOLDS
1990 Households
2000 Households
2009 Households
% Households Change 1990-2000
1,469
1,850
2,340
25.94 %
14,675
15,000
16,536
2.21 %
26,457
29,391
32,583
11.09 %
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
2009 RACE AND ETHNICITY
White Population
Black Population
American Indian/Alaska Native Population
Asian/Hawaiian/Pacific Islander Population
Other Population (Incl 2+ Races)
5,106
160
17
58
81
37,050
1,621
190
511
1,278
70,227
3,573
291
1,550
2,399
2009 Hispanic Population
2009 Non-Hispanic Population
74
5,348
1,215
39,435
2,321
75,717
$32,337
$57,473
$74,928
$27,751
$51,573
$68,219
$28,714
$52,095
$68,773
72
85
164
118
122
136
70
79
110
287
316
438
187
109
21
542
774
1,005
866
966
1,112
615
967
1,063
2,271
2,225
2,240
894
634
243
1,040
1,477
1,615
1,745
1,680
2,151
1,485
2,055
2,101
4,497
4,603
4,781
1,731
984
438
INCOME
2009 Per Capita Income
2009 Median Household Income
2009 Average Household Income
2009 HOUSEHOLD INCOME DISTRIBUTION
Household Income < $10,000
Household Income $10,000-$14,999
Household Income $15,000-$19,999
Household Income $20,000-$24,999
Household Income $25,000-$29,999
Household Income $30,000-$34,999
Household Income $35,000-$39,999
Household Income $40,000-$44,999
Household Income $45,000-$49,999
Household Income $50,000-$59,999
Household Income $60,000-$74,999
Household Income $75,000-$99,999
Household Income $100,000-$124,999
Household Income $125,000-$149,999
Household Income $150,000-$199,999
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.