Actual Building Photo

Pace Properties
Pace Properties
1401 South Brentwood Boulevard
Suite 900
St. Louis, MO 63144
(P) 314.968.9898
(F) 314.968.5050
www.paceproperties.com
Location Maps
1401 South Brentwood Boulevard
Suite 900
St. Louis, MO 63144
(P) 314.968.9898
(F) 314.968.5050
www.paceproperties.com
SINGLE TENANT NET LEASE
INVESTMENT OPPORTUNITY
60 Niemann Road
Murphysboro, Illinois 62966
For Sale:
Scott Seyfried, sseyfried@paceproperties.com
314.968.9898
Actual Building Photo
SITE
Property Summary
Land Area: 0.844 Acres or 36,764 SF
Building Construction: Insulated Concrete Forms (ICF)
Building Size: 7,000 SF
Roof Material: Standing seam metal with 40 year guarantee
Building Dimensions: Depth 100’ x Width 70’
Parking Spaces: 35
Pylon Signage: Tenant will have a 30’ pole ID sign
facing Highway 13
The information contained herin is not warranted, although it has been obtained from the owner/landlord of the subject property of from other
sources that Pace Properties, L.L.C. deems reliable, and is subject to change without notice. Owner/landlord and Pace Properties, L.L.C. make
no representations as to the environmental condition of the subject property and recommend tenant’s independent investigation.
Property Details
Investment Summary:
Offering Price: $1,000,000
New Price: $903,225
Cap Rate: 7.0%New Cap Rate: 7.75%,
Property Address: 60 Niemann Lane, Murphysboro, Illinois 62966
Year Built: 2013
Tenant: CL Murphy, LLC
Guarantee: 10 Year $200,000 Guarantee by multi-unit Franchisee owner
Lease Term: 10 Years; commencement with Close of Escrow
Rent Increases: 10% Rent increases every 5 years
Options: 2- 5 Year Renewal Options
First Year Annual Rent: $70,000
Building/Lot Size: 7,000 Square Feet/0.84 Acres
Annual Rent Per Square Foot:
$10.00
Lease Type: NNN – Tenant will maintain the Premises and replacement of HVAC up to $1,000 per year and Landlord will maintain roof, parking lot and structure
Enterprise Zone: No Real Estate Taxes for years 1-5 and 50% of real estate taxes for years 6-10
Financial Summary:
Offering Price: $1,000,000 New Price: $903,225
Lease Term Annual Rent Rent Per SF Cap Rate
Years 1-5 $70,000 $10.00 7.0% New Cap Rate: 7.75%
Years 6-10 $77,000 $11.00 7.7%
New Cap Rate: 8.53%
Options: Years 11-15 $84,700 $12.10 8.47%New Cap Rate: 9.38%
Years 12-20 $93,130 $13.31 9.32%
New Cap Rate: 10.32%
Property Offered Free and Clear
Investment Summary:
•
Outparcel to a new Walmart Supercenter on Highway 13 (Main Street)
•
New construction Fall 2013
•
New 10 year lease with 10% rent increases every 5 years
•
Located in Murphysboro/Carbondale, IL near Southern Illinois University with an enrollment of 20,000 students
•
Over 60,000 residents within the trade area and 15,887 VPD on Highway 13
•
No day to day management required
•
Low market rent reflecting small market investment
•
Built in enterprise zone with zero real estate taxes for 5 years - will enhance profitability of Aaron’s
Trade Area:
The new Aaron’s is located off Highway 13 approximately 3 miles from Murphysboro and 4 miles from Carbondale,
Illinois. Highway 13 (Main Street) is a 4-lane improved highway and the primary commercial artery in the
Murphysboro/Carbondale trade area. Murphysboro (population 7,990) and Carbondale (population 26,241) are
the 2 largest cities in Jackson County, IL (population 60,365). Carbondale is the primary regional retail trade area
in southern Illinois drawing shoppers from 16 Illinois counties.
Carbondale is also home to Southern Illinois University (SIU) one of the state schools in the Illinois university
system. SIU has over 20,000 students and 7,100 employees. Murphysboro’s largest employers are St Joseph
Hospital, Penn Aluminum Manufacturing and Shawnee Health Services.
The new Aaron’s will have limited completion and as the newest provider in town should benefit from the active
rent to own business. The closest Aaron’s are located in Marion (26 miles) and Benton (27 miles) while the other
national competition, Rent-A-Center is also located in Marion (26 miles). A locally owned rent to own is located
in an industrial park north of town.
Traffic Counts:
Route 13 & Country Club Road 15,887 VPD
Demographics 2012 Population 5-Mile
16,465 Average Income Employees
$50,338 6,862 10-Mile
53,518
$44,880
29,969