Christian Brothers - Rio Rancho, NM

RIO RANCHO, NM

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CHRISTIAN BROTHERS AUTOMOTIVE - RIO RANCHO

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

CBAC - Rio Rancho

Lease summary

Lease Term 15 Years

Lease Commencement At Close of Escrow

Lease Expiration 15 Years from COE

Remaining Term 15 Years

Lease Type NNN

Roof & Structure Tenant

Increases 1.5% Starting in Yr 6

Options 5 x 10 Year

Options to Purchase No

Offering summary

Price $2,400,000

Cap Rate 6.25%

Net Operating Income $150,000

Year Built 2015

Gross Leasable Area 4,945 SF

Lot Size 0.64 AcresRepresentative Photo

annualized Operating data

Primary Term Annual Increase

Yrs 1-5: $150,000 -

Yr 6: $152,250 1.50%

Yr 7: $154,533 1.50%

Yr 8: $156,851 1.50%

Yr 9: $159,204 1.50%

Yr 10: $161,592 1.50%

Yr 11: $164,016 1.50%

Yr 12: $166,476 1.50%

Yr 13: $168,973 1.50%

Yr 14: $171,508 1.50%

Yr 15: $174,081 1.50%

Net OperatiNg iNcOme $150,000

2014 Southern Blvd SERio Rancho, NM 87124

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TENANT & LEASE INFORMATION

Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service. In 2008, Christian Brothers announced a growth initiative that would take their brand to approximately 200 stores throughout the southeast, lower midwest and southwest United States by 2017.

tenant summary

Tenant Christian Brothers Automotive

Ownership Private

Market Cap See Agent For Details

Sales Volume See Agent For Details

Number of Locations 125+

Years In Business 30+ Years

Headquarters Houston, TX

Website www.cbac.com

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INVESTMENT HIGHLIGHTS

• Long-Term Absolute Triple-Net Lease

• Zero Landlord Responsibility

• 15-Year Primary Term with Options up to 65 Years

• One and One-Half Percent Annual Rent Escalations

• Strong Corporate Guarantee

• High Growth Area - A 70% Population Increase Since 2000

• Average Household Income within Five-Mile Radius is Above the National Average

• Traffic Counts Along the Nearest Intersection Are Over 24,000 Vehicles Per Day

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5This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

CHRISTIAN BROTHERS AUTOMOTIVE - RIO RANCHOELEVATION

Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location.

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CHRISTIAN BROTHERS AUTOMOTIVE - RIO RANCHOSITE PLAN

Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location.

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CHRISTIAN BROTHERS AUTOMOTIVE - RIO RANCHOAERIAL MAP

CordovaElementary

School

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CHRISTIAN BROTHERS AUTOMOTIVE - RIO RANCHOLOCAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE - RIO RANCHOREGIONAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE - RIO RANCHOMARKET SUMMARY

ALBUQUERQUE, NMAlbuquerque is the most populous city in the state of New Mexico. The high-altitude city serves as the county seat of Bernalillo County, and it is situated in the central part of the state, straddling the Rio Grande. The city population is 557,169 as of the July 1, 2014, population estimate from the United States Census Bureau, and ranks as the 32nd-largest city in the U.S. The Albuquerque Metropolitan Statistical Area (or MSA) has a population of 902,797 according to the United States Census Bureau’s most recently available estimate for July 1, 2013. Albuquerque is the 59th-largest United States metropolitan area. The Albuquerque MSA population includes the city of Rio Rancho, Bernalillo, Placitas, Corrales, Los Lunas, Belen, Bosque Farms, and forms part of the larger Albuquerque – Santa Fe – Las Vegas combined statistical area, with a total population of 1,163,964 as of the July 1, 2013 Census Bureau estimates.

Albuquerque is home to the University of New Mexico (UNM), Kirtland Air Force Base, Sandia National Laboratories, Lovelace Respiratory Research Institute, Central New Mexico

Community College (CNM), Presbyterian Health Services, and Petroglyph National Monument. The Sandia Mountains run along the eastern side of Albuquerque, and the Rio Grande flows through the city, north to south. Albuquerque is also the home of the International Balloon Fiesta, a large gathering of balloons from around the world. The event takes place during the first week of October.

Albuquerque lies at the center of the New Mexico Technology Corridor, a concentration of high-tech private companies and government institutions along the Rio Grande. Larger institutions whose employees contribute to the population are numerous and include Sandia National Laboratories, Kirtland Air Force Base, and the attendant contracting companies which bring highly educated workers to a somewhat isolated region. Intel operates a large semiconductor factory or “fab” in suburban Rio Rancho, in neighboring Sandoval County, with its attendant large capital investment. Northrop Grumman is located along I-25 in northeast Albuquerque, and Tempur-Pedic is located on the West Mesa next to I-40.

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CHRISTIAN BROTHERS AUTOMOTIVE - RIO RANCHODEMOGRAPHIC SUMMARY

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri Forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

Geography: 5 Miles

pOpulatiON

In the identified area, the current year population is 139,391, representing a change of 70.8% since 2000. The five-year projection for the population in the area is 146,260 representing a change of 4.9% from 2015 to 2020. Currently, the population is 48.8% male and 51.2% female. The median age in this area is 33.5, compared to U.S. median age of 37.9.

HOuseHOlds There are currently 52,327 households in your selected geography. The number of households has changed by 72.6% since 2000. It is estimated that the number of households in your area will be 55,012 five years from now, which represents a change of 5.1% from the current year. The average household size in your area is 2.64 persons.

iNcOme In 2015, the median household income for your selected geography is $63,222, compare this to the Entire US average which is currently $53,217. It is estimated that the median household income in your area will be $68,733 five years from now, which represents a change of 8.7% from the current year.

The current year per capita income in your area is $30,271, compare this to the Entire US average, which is $28,597. The current year average household income in your area is $80,880 compare this to the Entire US average which is $74,699.

race aNd etHNicity The current year racial makeup of your selected area is as follows: 73.5% White, 3.2% Black, 3.9% Native American and 2.3% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 41.5% of the current year population in your selected area. Compare this to the Entire US average of 17.6%.

HOusiNg In 2015, there were 38,980 owner occupied housing units in your area and there were 13,347 renter occupied housing units in your area. Median home value in the area is $231,017.

emplOymeNt In 2015, there are 63,168 employees in your selected area, this is also known as the daytime population. Currently 68.8% of employees are employed in white-collar occupations in this geography, and 14.3% are employed in blue-collar occupations. In 2014, unemployment in this area is 8.6%.

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CHRISTIAN BROTHERS AUTOMOTIVE - RIO RANCHODEMOGRAPHIC STATISTICS

traffic cOunts

incOme 1 mile 3 miles 5 miles

$ 0 - $14,999 7.6% 8.1% 7.4%

$ 15,000 - $24,999 9.3% 9.9% 8.5%

$ 25,000 - $34,999 8.2% 8.6% 7.8%

$ 35,000 - $49,999 13.7% 13.0% 12.6%

$ 50,000 - $74,999 25.6% 22.3% 21.8%

$ 75,000 - $99,999 17.1% 16.1% 15.5%

$100,000 - $149,999 11.8% 14.2% 15.4%

$150,000 - $199,999 3.5% 4.4% 6.6%

$200,000 + 3.2% 3.4% 4.4%

2015 Median Household Income $58,259 $59,066 $63,222

2015 Per Capita Income $24,804 $27,644 $30,271

2015 Average Household Income $71,608 $73,932 $80,880

pOpulatiOn 1 mile 3 miles 5 miles

2000 Population 7,443 43,653 81,616

2010 Population 11,759 69,609 131,608

2015 Population 12,290 73,690 139,391

2020 Population 13,163 77,240 146,260

HOuseHOlds 1 mile 3 miles 5 miles

2000 Households 2,534 16,256 30,321

2010 Households 3,973 25,914 49,194

2015 Households 4,176 27,509 52,327

2020 Households 4,485 28,838 55,012

2015 Average Household Size 2.94 2.67 2.64

2015 Daytime Population 5,367 33,224 63,168

2000 Owner Occupied Housing Units 2,100 12,415 23,337

2000 Renter Occupied Housing Units 434 3,841 6,984

2000 Vacant 108 1,076 1,986



2015 Vacant 242 1,866 3,298



2020 Vacant 288 2,100 3,725

24,600

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, 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. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker

who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Information About Brokerage Services

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

(1) shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner;(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

exclusively listed

469.844.8880 | VITORINOGROUP.COM

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Christian Brothers - Rio Rancho, NM