Lambert (St. Louis) International Airport

EXP DALLAS

214.522.7200

JOE CAPUTO

[email protected]

BOB MOORHEAD

[email protected]

property. Brand new construction. Scheduled completion July 2012.

tenant. Lessee: Bridgestone Retail Operations, LLC operates 2,200+ Stores with 22,000 Employees. Lessee is a subsidiary of Bridgestone Corporation, the

world’s largest tire maker - S&P Rated BBB+.

lease structure. Brand new, 15-year , corporate, NNN lease with 6.5% rent increases every 5 years.

location. Along US-67 / N. Lindbergh Blvd. (58,000 Cars / Day) off I-270 (133,241 cars / day). 7 miles from Lambert (St. Louis) International Airport. Major area

retailers include Walgreens, AutoZone, Mattress Firm, Sears, and Starbucks. St. Louis CSA population is 2,878,255, making it the 4th largest CSA in the Midwest

and16th largest in the country. St. Louis is home to 9 Fortune 500 companies which include Express Scripts, Emerson Electric, Monsanto, Reinsurance Group of

America, Ameren, Charter Communications, Peabody Energy, Graybar Electric, and Centene.

EXCLUSIVE OFFERING | $3,950,000 - 6.50% CAP

Bridgestone / firestone

8400 North Lindbergh Boulevard, Florissant, Missouri - St. Louis metro

Lambert (St. Louis) International Airport

EXP Realty Advisors, Inc. (“Agent”) has been engaged as an agent for the sale of the

property located at 8400 N. Lindbergh Blvd., Florissant, MO by the owner of the Property

(“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller

and Agent make no representations or warranties as to the accuracy of the information

contained in this Offering Memorandum. The enclosed materials include highly confidential

information and are being furnished solely for the purpose of review by prospective

purchasers of the interest described herein. The enclosed materials are being provided

solely to facilitate the prospective investor’s own due diligence for which it shall be fully and

solely responsible. The material contained herein is based on information and sources

deemed to be reliable, but no representation or warranty, express or implied, is being made

by Agent or Seller or any of their respective representatives, affiliates, officers, employees,

shareholders, partners and directors, as to the accuracy or completeness of the information

contained herein. Summaries contained herein of any legal or other documents are not

intended to be comprehensive statements of the terms of such documents, but rather only

outlines of some of the principal provisions contained therein. Neither the Agent nor the

Seller shall have any liability whatsoever for the accuracy or completeness of the

information contained herein or any other written or oral communication or information

transmitted or made available or any action taken or decision made by the recipient with

respect to the Property. Interested parties are to make their own investigations, projections

and conclusions without reliance upon the material contained herein. Seller reserves the

right, at its sole and absolute discretion, to withdraw the Property from being marketed for

sale at any time and for any reason. Seller and Agent each expressly reserves the right, at

their sole and absolute discretion, to reject any and all expressions of interest or offers

regarding the Property and/or to terminate discussions with any entity at any time, with or

without notice. This offering is made subject to omissions, correction of errors, change of

price or other terms, prior sale or withdrawal from the market without notice. Agent is not

authorized to make any representations or agreements on behalf of Seller. Seller shall

have no legal commitment or obligation to any interested party reviewing the enclosed

materials, performing additional investigation and/or making an offer to purchase the

Property unless and until a binding written agreement for the purchase of the Property has

been fully executed, delivered, and approved by Seller and any conditions to Seller’s

obligations hereunder have been satisfied or waived. By taking possession of and

reviewing the information contained herein, the recipient agrees that (a) the enclosed

materials and their contents are of a highly confidential nature and will be held and treated

in the strictest confidence and shall be returned to Agent or Seller promptly upon request;

and (b) the recipient shall not contact employees or tenants of the Property directly or

indirectly regarding any aspect of the enclosed materials or the Property without the prior

written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be

copied or otherwise reproduced without the prior written authorization of Seller and Agent.

PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW

PAGE 1: COVER

PAGE 2: TABLE OF CONTENTS | DISCLAIMER

PAGE 10-11: LOCATION MAPS

Table of contents | Disclaimer Bridgestone / firestone

8400 North Lindbergh Boulevard, Florissant, Missouri

PAGE 4: SITE MAP

PAGE 5-8: AERIAL PHOTOS

PAGE 9: LOCATION OVERVIEW

Disclaimer

REP PHOTO

Listed in association with missouri broker of record: Dutchman Realty, inc. | license #: 1999023010

PAGE 12: DEMOGRAPHICS

http://www.bsro.jobs/about_bsro

SUBJECT PROPERTY PRIOR TO PANDA EXPRESS EXPANSION

Bridgestone Firestone | www.bsro.com

Automotive service is the largest part of Bridgestone Retail Operations, LLC's business, accounting for approximately 50 percent of sales with tire and financial

services making up the rest. Bridgestone Firestone North American Tire manufactures Bridgestone, Firestone, and Dayton truck tires along with tires for virtually

every wheeled vehicle made. Harvey S. Firestone (1868-1938) founded The Firestone Tire & Rubber Company in Akron, Ohio, in August 1900, and started

marketing solid rubber tires for carriage wheels. In the late 1970s the company, in an effort to re-focus its business solely on automotive service and tire sales,

began to phase out the sale of all non-auto related merchandise. Shortly thereafter, in 1981, the Firestone MasterCare Car Service concept was introduced and

established as a premier brand of quality service being delivered to customers in a consistent and distinctive manner. Bridgestone Corporation, founded in 1931 in

Kurume, Japan, purchased Firestone in 1988, transforming the company into the world's largest manufacturer of tires and other rubber products. Bridgestone and

Firestone operations in the Americas were consolidated in 1990 as Bridgestone/Firestone, Inc.

Bridgestone/Firestone, Inc. initiated a series of changes to its corporate structure in December 2001, reorganizing its operations in the Americas under a holding

company, Bridgestone Americas Holding, Inc., and several operating subsidiaries. The largest of these operating subsidiary companies is Bridgestone Retail

Operations, LLC. In 2001 Bridgestone/Firestone also announced its majority ownership stake in Morgan Tire & Auto, Inc. (MTA), then the nation's second largest

independent retailer of tires. Responsibility for MTA was shifted to Bridgestone Retail Operations, LLC following the reorganization of Bridgestone/Firestone.

Today, Bridgestone Retail Operations, LLC and its subsidiaries employ approximately 22,000 teammates in North America. Bridgestone Retail Operations, LLC

consists of more than 2,200 company-owned consumer and commercial stores in the United States as well as the company's own credit card operations. The

store channels include Firestone Complete Auto Care, Morgan Tire / Tires Plus, Expert Tire, Commercial & Farm, and Mark Morris. Today Bridgestone Retail

Operations, LLC operates the largest number of company-owned full-line automotive retail generalist stores in the world.

PRICE: $3,950,000

CAP RATE: 6.50%

NET OPERATING INCOME: $256,698

BUILDING AREA: 8,256+ Square Feet

LAND AREA: 1.64+ Acres

YEAR BUILT: 2012

OWNERSHIP: Fee Simple Interest

OCCUPANCY: 100%

Tenant overview

3

Investment overview Bridgestone / firestone


Projected Lease Expiration: July 2027

Projected Rent Commencement: July 2012

Initial Lease Term: 15-Years, Plus 5, 5 Year Options to Renew

Lessee: BRIDGESTONE RETAIL OPERATIONS, LLC

dba Firestone Complete Auto Care

Rent Increases: 6.5% Increase After Every 5th Year

Year 1-5 Annual Rent (Current): $256,698

Lease Type: NNN; No Landlord Responsibilities After Year 1

Year 6-10 Annual Rent: $273,383

Year 11-15 Annual Rent: $291,153

Year 16-20 Annual Rent (Option 1): $310,078


Lease overview




4

SITE MAP Bridgestone / firestone


N

5

Aerial photo Bridgestone / firestone


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N

Lambert International Airport

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N

Missouri River

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N

IMMEDIATE TRADE AREA

Bridgestone/Firestone is a retail pad located along US Highway 67 / North

Lindbergh Boulevard (18,580 Cars / Day) 0.25 miles south of West Washington

Street and approximately 1.5 miles north of I-270 (133,141 Cars / Day). Initially a

bypass of St. Louis, today US Hwy 67 / N Lindbergh Blvd is the main thoroughfare

serving the city of Florissant. The road bisects the city and connects I-70 south of

the St. Louis-Lambert International Airport to MO Route 367, a north-south business

parkway that connects I-70 to US Hwy 67 through downtown St. Louis. The only

vehicular tunnel in Missouri is located on Lindbergh Blvd at St. Louis-Lambert

International Airport, where the road tunnels under the runways. As Florissant is a

primarily residential city, the vast majority of the city’s retail is located within a city

block of US Highway 67 / N Lindbergh Blvd.

The subject property is on the east side of the roadway adjacent to an AutoZone

and across from O’Reilly Auto Parts and Burger King. The site is less than a mile

from Old Saint Ferdinand Shrine, a historic site consisting of four 19th century

buildings at the center of Fleurissant, the original 1767 French settlement for which

modern Florissant is named. Today the site is an international draw for businesses

seeking retreat, meeting, and small convention space. Major retailers in the area

include Walgreens, Sears, Mattress Firm, IHOP, Starbucks, and Outback

Steakhouse.

FLORISSANT AND ST. LOUIS COUNTY, MISSOURI

Originally settled in the late 18th century, the rich farmland of historic Florissant,

Missouri is today a northern inner-ring suburb of St. Louis with a population of

52,158. Florissant’s location at the intersection of I-270 (133,141 Cars / Day) and I-

170 (26,855 Cars / Day) make the area prime real estate for quick access to

downtown St. Louis, St. Louis’s numerous suburbs, and the Missouri countryside.

The city is located 2-miles north of the St. Louis area’s principal airport, the St.

Louis-Lambert International Airport, which serves 12.3 million passengers

annually. The 1.25 million SF Jamestown Mall is located in Florissant off N Lambert

Boulevard. This mall is anchored by Macy’s and JC Penney and includes tenants

such as Finish Line, Foot Locker, and Lens Crafters.

St. Louis County borders the City of St. Louis, which is independent from St. Louis

County. The 2010 United States Census put the county population at 998,954,

which is more than three times the size of its adjoining, namesake city. The county

has one of the lowest crime rates in the United States. The unemployment rate for

St. Louis County remains below that of the metropolitan area, and the county

contains about one-fourth of all the jobs in the State of Missouri and about half the

jobs in the St. Louis Metropolitan Area.

GREATER ST. LOUIS COMBINED STATISTICAL AREA

The Greater St. Louis combined statistical area (CSA) population of 2,878,255 is

the 4th largest in the Midwest and the 16th largest CSA in the country. According to

the 2007 United States Economic Census, manufacturing is the primary industry in

the city with nearly $11 billion in business, followed by the healthcare and social

service industry with $3.5 billion each, professional or technical services with $3.1

billion, and retail with $2.5 billion. The sector employing the largest number of

workers in the city is the healthcare sector (34,000 workers), followed by

administrative and support jobs (24,000 workers), manufacturing (21,000 workers),

and food service (20,000 workers).

As of 2011, the St. Louis area is home to nine Fortune 500 companies: Express

Scripts; Emerson Electric; Monsanto; Reinsurance Group of America; Ameren;

Charter Communications; Peabody Energy; Graybar Electric; and Centene. Other

notable corporations in the area are Cassidy Turley, Edward Jones Investments,

ATT Communications, Scottrade, Wells Fargo Advisors (formerly A.G. Edwards),

Energizer Holdings, Furniture Brands International, Post Holdings, Inc., United Van

Lines, Mayflower Transit, Ralcorp, Hardee's, and Enterprise Holdings (parent

company of several car rental companies). Significant healthcare and biotechnology

institutions with operations in St. Louis include Pfizer, the Donald Danforth Plant

Science Center, Solae Company, Sigma-Aldrich, and Multidata Systems

International. Although it was purchased by Belgium-based InBev, Anheuser-Busch

continues its historic presence in the city, as does Mallinckrodt Incorporated in spite

of its purchase by Tyco International. The May Department Stores Company (which

consists of Famous-Barr and Marshall Field's stores) was purchased by Federated

Department Stores, but Federated maintains its regional headquarters in the area.

General Motors continues to produce railroad cars in the St. Louis area, although

Chrysler closed its production facility in the region, which was located in Fenton,

Missouri. Despite its purchase by Nestle, Ralston Purina remains headquartered in

St. Louis as a wholly owned subsidiary. St. Louis is also home to Boeing Phantom

Works (formerly McDonnell-Douglas). In addition, the Federal Reserve Bank of St.

Louis, downtown, is one of two federal reserve banks in Missouri.

St. Louis’s location at the confluence of the Missouri and Mississippi Rivers makes

the region of strategic importance to the movement of goods, especially bulk

commodities such as grain, coal, salt, chemicals, and petroleum products, within the

United States. The Port of St. Louis is the third-largest inland port by tonnage in the

United States, and the 21st-largest of any sort. St. Louis is also a major railroad

and trucking hub for the Midwestern United States.

9

Location overview Bridgestone / firestone


10

Location map Bridgestone / firestone


11

Location map Bridgestone / firestone


12

Demographics Bridgestone / firestone


Demographic snapshot

DOWNTOWN ST LOUIS, MISSOURI

LAMBERT-ST. LOUIS INTERNATIONAL AIRPORT

Radius 1 Mile 3 Mile 5 Mile

Population:

2016 Projection 12,933 88,743 176,377

2011 Estimate 13,278 90,598 179,112

2010 Census 13,423 91,389 180,145

Growth 2011-2016 -2.60% -2.00% -1.50%

Growth 2010-2011 -1.10% -0.90% -0.60%

2011 Households:

2016 Projection 5,572 35,897 70,431

2011 Estimate 5,711 36,532 71,234

2010 Census 5,780 36,866 71,651

Growth 2011-2016 -2.40% -1.70% -1.10%

Growth 2010-2011 -1.20% -0.90% -0.60%

Owner Occupied 3,781 25,797 49,479

Renter Occupied 1,930 10,735 21,756

2011 Avg Household Income $60,255 $62,523 $62,414

2011 Med Household Income $50,882 $52,422 $51,304

2011 Per Capita Income $26,144 $25,378 $25,033

2011 Households by Household Inc:

Income Less than $15,000 528 2,880 6,797

Income $15,000 - $24,999 611 3,531 7,337

Income $25,000 - $34,999 695 4,342 8,197

Income $35,000 - $49,999 946 6,207 12,005

Income $50,000 - $74,999 1,317 8,745 15,752

Income $75,000 - $99,999 771 5,478 10,043

Income $100,000 - $149,999 679 4,083 8,131

Income $150,000 - $199,999 126 863 2,045

Income $200,000+ 36 403 928

Documents

Lambert (St. Louis) International Airport