Advance Auto Parts & Horizon Insurance | Philadelphia, MS · 2017-06-06 · Advance Auto Parts Horizon Insurance Philadelphia, MS Oering Memorandum Radius 3 Mile 5 Miles 10 Miles

Advance Auto Parts & Horizon Insurance | Philadelphia, MSOffering Memorandum

ANDREW FALLONEXECUTIVE MANAGING DIRECTOR

(703) 787-4733 [email protected]

Actual Site

EXCLUSIVE LISTINGOffering Memorandum

BROKER OF RECORDJONATHAN W HIPPMS LIC #21034

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C A L K A I N .C O MC A L K A I N .C O M

Advance Auto Parts & Horizon Insurance | Philadelphia, MS


200 S Lewis Avenue | Philadelphia, MS 39350

Asking Price $1,322,850 | Cap Rate 8.00%

Net Operating Income (NOI) $105,828

Base Rent/Month $8,819

Avg Rent/SF $9.62

Advance Auto Parts SF 7,000+/- SF

Horizon Insurance SF 4,000+/- SF

Total Rentable Square Feet 11,000+/- SF

Land Area 1.21+/- Acres

Tenant Name/sAdvance Auto Parts &

Horizon Insurance

Advance Auto Parts Stock Symbol NYSE: AAP

Credit Rating AAP S&P: BBB-

Guarantor Corporate

Ownership Type Fee Simple

Lease Type NN

Landlord Responsibilities Roof & Structure

Tenant ResponsibilitiesReimbursement of Operating

Expenses: RET, CAM, Insurance

Year Built 2003

Investment Highlights • Advance Auto is an investment grade credit tenant, S&P: (BBB-);

responsible for 66% of income

• Strong historic sales – contact broker for details

• 28.84% rent increase in 2025; Advance next option term

• Hard corner signalized intersection

• Surrounded by other national retailers including Walmart, Walgreens,

O’Reilly Auto Parts, Wendy’s and more

• Main street location with combined traffic counts of 20,140 VPD

Operating Expense Reimbursement 2017Property Taxes $20,297

Insurance $3,330

CAM $5,435

Total Operating Expenses ($29,062)

Reimbursement From Tenants $29,062

NOI $105,828

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Financial Summary


Tenancy Schedule

Tenant Annual Rent Rent/Month SF Rent/SF Guarantor Lease Term Rent Commencement

Lease Expiration Increases Options

Advance Auto Parts $69,828 $5,819 7,000+/- $9.98 Corporate 7.5+ Years 9/5/03 12/31/24

1st Option: $90,999 (28.84% Bump)

2nd Option: $94,500 (3.85% Bump)

Two (2), Five (5)

Year

Horizon Insurance $36,000 $3,000 4,000+/- $9.00 Corporate 3+ Years 7/1/15 6/30/20 N/A N/A

NOI $105,828 $8,819 11,000+/-

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Financial Summary


About Advance Auto PartsAdvance Auto Parts is the leading automotive aftermarket parts provider in North America, serving “do-it-for-me”, or Commercial, and “do-it-yourself”, or DIY, customers as well as independently-owned operators. They were founded in 1929 and is headquarters in Roanoke, Virginia.

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of December 31, 2016, Advance operated 5,062 stores and 127 Worldpac branches and employed 74,000 Team Members in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The company also serves approximately 1,250 independently owned Carquest branded stores across these locations in addition to Mexico and the Bahamas, Turks and Caicos, British Virgin Islands and Pacific Islands.

As of 2016 Advance Auto Parts sales are approximately $9.57 billion.

Actual site Actual site

About Horizon Insurance Group (Moore’s Financial Group)Moore’s Financial Group (MFG) is an independent marketing organization satisfying a full range of personal insurance needs, including home & auto life & health, medicare, employee benefits, business insurance and other financial services.

Founded in 2008 by Rod Moore & Wendy Moore of Olive Branch MS, Moore’s Financial Group has continuously provided years of steady service to its clients. A service-building relationship with clients is the foundation of which their business was built upon.

Moore’s Financial Group represents over 50 A-Rated, financially sound, reputable insurance companies.

Actual Site - Grand Opening

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Tenant Overview


Site Photos

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200 S Lewis Ave | Philadelphia, MS 39350


Jackson, MS80 miles away

Philadelphia, MS

Pensacola, FL

Atlanta, GA

Biloxi, MSBaton Rouge, LA

Birmingham, AL

New Orleans, LA

Subject Site

180 miles away

200 miles away

Little Rock, AR300 miles away

290 miles away

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N Lewis Ave 4,930 VPDJefferson Village

Apartments

Williamstown Middle School

Philadelphia Electronics Subject Site

W Beacon Street 15,210 VPD

S Lewis Ave 3,322 VPD

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Subject Site

15

S Lewis Ave 3,322 VPD15

Canal Place Cinema 7

15,862

VPD

W Beacon Street 15,210 VPD

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Site Plan

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Philadelphia, MSPhiladelphia is a city in and the county seat of Neshoba County, Mississippi.

Philadelphia is incorporated as a municipality; it was given its current name in 1903, two years before the railroad brought new opportunities and prosperity to the town. The history of the town and its influences- social, political and economic- can be seen in the many points of interest within and beyond the city limits. These range from the large ceremonial Indian mound and cave at Nanih Waiya, built approximately 1700 years ago and sacred to the Choctaw; to the still thriving Williams Brothers Store, a true old-fashioned general store founded in 1907 and featured in National Geographic in 1939 as a source of anything from “needles to horse collars”, and still offering everything from bridles, butter and boots to flour, feed and fashion.

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Market Overview


Radius 3 Mile 5 Miles 10 MilesPopulation2016 Population 8,426 11,197 22,674

2021 Population 8,338 11,116 22,581

2016 Male Population 46.0% 46.7% 47.8%

2016 Female Population 54.0% 53.3% 52.2%

2016 Median Age 36.2 36.6 35.7

Households2016 Total Households 3,333 4,401 8,259

2021 Total Households 3,303 4,377 8,249

2016 Average Household Size 2.46 2.49 2.71

Median Household Income2016 Median Household Income $31,215 $32,622 $35,125

2021 Median Household Income $33,666 $35,612 $38,619

2016-2021 Annual Rate 1.52% 1.77% 1.91%

Average Household Income2016 Average Household Income $48,289 $49,484 $50,648

2021 Average Household Income $53,128 $54,536 $55,803

2016-2021 Annual Rate 1.93% 1.96% 1.96%

Per Capita Income2016 Per Capita Income $19,323 $19,443 $18,760

2021 Per Capita Income $21,243 $21,430 $20,700

2016-2021 Annual Rate 1.91% 1.97% 1.99%

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Demographics


ANDREW FALLONEXECUTIVE MANAGING DIRECTOR

(703) 787-4733 [email protected]

Who Are We? We are 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 HistoryLike 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.

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)

$11.5 Billion in Closed Transactions

$350 Million

in Active Listings

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C A L K A I N .C O MC A L K A I N .C O M

About Calkain

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 regula-tions, 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.

Corporate Headquarters Washington, DC12930 Worldgate Drive | Suite 150 Herndon, VA 20170 T: (703) 787-4714 • F: (703) 787-4783

Tampa400 N. Tampa Street | Suite 2660 Tampa, FL 33602 T: (813) 282-6000 • F: (813) 282-6098

South Florida200 SW 1st Avenue | Suite 880 Fort Lauderdale, FL 33301 T: (954) 302-7365

Atlanta111 Village Parkway, Building 2 | Suite 202 Marietta, GA 30067 T: (404) 900-5629

Boston101 Federal Street | Suite 1900 Boston, MA 02110 T: (617) 261-8584

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Advance Auto Parts & Horizon Insurance | Philadelphia, MS · 2017-06-06 · Advance Auto Parts Horizon Insurance Philadelphia, MS Oering Memorandum Radius 3 Mile 5 Miles 10 Miles