Investment - NAI Carolantic

For Sale
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Hunter S t .
Center S
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PInecrest Rd
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Duraleigh R d
Dilla
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R i dg
e Rd
04
rman St.
03
02
d.
nt Ferry R
Lake
Johnson
Rd.
Tryon Rd.
40
295
a r y Pkwy
.
Loch
m
© 2013 NAI Carolantic. All rights reserved.
1 Mile
3 Miles
5 Miles
PIN: 0754593330 000
Total Pop.
7,698
71,462
143,118
Employees
3,835
33,304
69,071
Businesses
929
4,741
9,627
Total HH
3,194
28,757
56,208
Ave. HH Size
2.41
2.48
2.54
+1 919 345 5939 mobile
ebrown@naicarolantic.com
3605 Glenwood Avenue, Suite 100
Raleigh NC 27612
+1 919 832 0594 office
naicarolantic.com
0
W
01C
Demographics
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF
THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS,
OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING,
OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR
PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE
PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
Lake
Boone
Go
ck
J
01
Av
e
293
Land Class: Commercial
Ed Brown, SIOR, CCIM
Blue Ridge Rd.
rds
Mi
ll R
d.
Trin
ity
t St.
Use: Oil change center
Real Estate ID: 0304703
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64
CARY
Regency
Park
nu
Blu
54
291
Franklin
Rd.
vd
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Bl
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C a ry Pk w y.
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Carter-Finley
Stadium
Jone
s
St.
eP
Beavercreek
Rd.
NH
arr
h at
em
Crabtree
Valley
Mall
e Dr.
NW M
W.
C
al
N. S
p
40
290
Walnut
St.
er
G r ee
55
n
Oliv
Rd.
A
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Pine
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Av
ia
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W. C h a
Ho
ks Rd. O
ld J enks R
Jen
d.
540
.
ham St
PNC
ARENA
289
C
SE
64
Year Built: 2006
a
.
Rd
ex
Jenks Carpenter R
evel Church Rd.
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d.
ayn
y.
Cary Pkw
al
W
Building Size: 2,601 sf
Preston rd
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tion
P
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High
.
Rd. W
G r e Level
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Land Size: 0.65 Acres
PARK W
WEST
ES
EST
S
VILLAGE
VILLAG
GE
GE
S/C
Rd
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d.
se R
Hou
NW
r risville Pkwy.
Davis Dr.
Location: Archstone Shopping Center, northwest
corner of Chapel Hill Rd. (NC 54) & Cary Pkwy.
Mo
.
ek Rd
Cre
Hope Sch
oo l Rd
.
kwy.
Westo n P
70
RALEIGH
287
Re e d y
55
40
Lak
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Lake
Crabt
Crabtree
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Morriis
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MORRISVILLE
VILL
V
LE
L
E
William B.
Umstead State
Park
285
kw
Lynn Rd.
o
Rd
Evans .
ANGLE EXP
IA
IAN
RIA
TR
T
W
Amberly
A
mberly
mber
rly
Mon
Mondale
ndale y.
nd
kw
28
84
284
K
Upc
Carpenter
13-Year NNN Lease
7.5% Cap current
8.0% Cap mid-term
Price: $1,344,800
ers
.
Rd
op
p
540
.
Blvd
54
Airpo
rt
66
67
A ir p
Kildaire Farm Rd.
Davis Dr
.
apel R
d.
ag
283
69
L
d.
03
RDU
International
Airport
d.
ch R
hur
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ze
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Rd
P
540
01
Hopson Rd.
RESEARCH
TRIANGLE
Ki
PARK t Cre e k Rd.
Oke
ly
282
281
en e
Eb
Apex H wy.
280
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svill
ee
147
wy.
ion Pk
Aviat
Pleas a n t Grove
Chur c h Rd.
o t t King Rd.
9636 Chapel Hill Rd. Morrisville, NC
Investment Summary
ndale Dr.
Gra
Fast Lube Plus
Audubon
Park
e
Investment
For Sale
Investment
Summary of Lease Terms
Lease Commencement
December 1, 2006
Least Lease Extension
2013
Lease Maturity Date
12/30/2026
Current Term
15-Year NNN Lease
Renewal Options
Two, ten-year extensions
Right to Terminate Lease
N/A
Termination Penalty
N/A
Right to Purchase
N/A
Annual Escalation
Flat until December 2016
Annual Escalation
A 2.5 annual escalations starting 01/01/2017
Annual Rental Income Remaining on Current Term
Rent Base
Escalations
$/SF
Year 1
01/2013
12/2013
$100,860.00
1.00
$38.78
Year 2
01/2014
12/2014
$100,860.00
1.00
$38.78
Year 3
01/2015
12/2015
$100,860.00
1.00
$38.78
Year 4
01/2016
12/2016
$100,860.00
1.00
$38.78
Year 5
01/2017
12/2017
$100,860.00
1.025
$38.78
Year 6
01/2018
12/2018
$103,381.50
1.025
$39.75
Year 7
01/2019
12/2019
$105,966.04
1.025
$40.74
Year 8
01/2020
12/2020
$108,615.19
1.025
$41.76
Year 9
01/2021
12//2021
$111,330.57
1.025
$42.80
Year 10
01/2022
12/2022
$114,113.83
1.025
$43.87
Year 11
01/2023
12/2023
$116,966.68
1.025
$44.97
Year 12
01/2024
12/2024
$119,890.85
1.025
$46.09
Year 13
01/2025
12/2025
$122,888.12
1.025
$47.25
Year 14
01/2026
12/2026
$125,960.32
1.025
$48.43
Fast Lube Plus
9636 Chapel Hill Rd., Morrisville, NC
3605 Glenwood Avenue, Suite 100
Raleigh NC 27612
+1 919 832 0594 office
naicarolantic.com
For Sale
Investment
AVAILABLE
2,601 SF
PRESTON
ANIMAL
HOSPITAL
CAPITAL
BANK
ISV
ILL
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HA
PE
ARR
EST
RR
LH
ILL
CH
AP
EL
NOR
TH W
MO
CAR
Y PK
54
NOR
TH H
WY.
ISON
AVE
.
& I-4
0
CVS
PHARMACY
HIL
LR
PARK WEST VILLAGE
SHOPPING CENTER
D.
DO
WN
TO
W
54
NC
AR
Y, R
AL
EIG
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30’
0’
15’ 30’
SCALE: Feet
© 2013 NAI Carolantic. All rights reserved.
Fast Lube Plus
9636 Chapel Hill Rd., Morrisville, NC
3605 Glenwood Avenue, Suite 100
Raleigh NC 27612
+1 919 832 0594 office
naicarolantic.com
60’
For Sale
Investment
TROPHY
BREWING
DAWSON
THE HUE APT
Fast Lube Plus
9636 Chapel Hill Rd., Morrisville, NC
3605 Glenwood Avenue, Suite 100
Raleigh NC 27612
+1 919 832 0594 office
naicarolantic.com