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o f f e r i n g m e m o r a n d u m
ACT GLOBAL4 1 0 S . R I V E R S T. | C A L H O U N , G A
Sale Leaseback Opportunity with Top Manufacturer of Synthetic Turf
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EXECUTIVE SUMMARY
FINANCIAL OVERVIEW
AREA OVERVIEW
TENANT OVERVIEW
KYLE MATTHEWSBROKER OF RECORDLIC # 67120 (GA)
BROKER OF RECORD
CONTENTS
LISTED BYGary ChouSVP & Senior Director
DIR 310.919.5827
MOB 714.928.8016
LIC # 01911222 (CA)
Kevin ChangAssociate
DIR 310.919.5828
MOB 951.616.8918
LIC # 01976724 (CA)
Rachel CondonManaging PrincipalOxbow Real Estate
DIR 404.275.5794
LIC # 295154 (GA)
EL IZABETH TATUMPRINCIPAL/TRANSACTION ADVISOROxbow real estate
DIR 404.786.4600
LIC # 377895 (GA)
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E X E C U T I V EO V E R V I E W
STRONG COMMITMENT TO LOCATION
• Brand New Lease – Tenant to sign new 10-year lease at the Close of Escrow
• Recent Renovations - Tenant is committed to location and recently invested $500,000 towards renovating and improving facility.
• Critical Manufacturing Location – Act Global moved its all US production to Calhoun, GA in 2008 – This facility is vital to the production of turf for projects across the country.
EASE OF OWNERSHIP
• Absolute NNN Investment – ZERO Landlord responsibilities – Tenant pays for expenses related to taxes, insurance, maintenance, roof, structure and parking making this an ideal investment for out-of-state investors and 1031 exchange investors
• Appreciating Cash Flow – There are rare 2% annual increases throughout the term of the lease – Strong hedge against inflation!
INDUSTRY LEADING TENANT
• FIFA Certified Installations – As an official FIFA Licensee, Act Global has completed over 200 FIFA Certified Installations for soccer fields across 6 continents – FIFA is the globally recognized soccer association which is responsible for major international tournaments like the FIFA World Cup. Act Global was featured in the 2015 FIFA Women’s World Cup with an installation in Montreal Olympic Stadium.
• Extensive Resume of High Profile Installations - Notable users of the Act Global turf brand include the MetLife Stadium (New York Jets and New York Giants stadium), John F. Kennedy International Airport (JFK), the Mercedes-Benz Superdome (New Orleans Saints Stadium), and United States Air Force Academy (largest single synthetic turf area in the world at 1.4 million square feet) just to name a few.
• NFL Caliber Turf - There are 600+ fields using turf manufactured by Act Global. Brand references include 6 NFL game fields, 10 NFL practice fields, 3 NFL training fields and over 40 NCAA fields – The Super Bowls in 2013, 2014, 2017 and 2018 were played on Act Global branded turf (UBU Speed Series).
Rachel Condon
DIR 404.275.5794
LIC # 295154 (GA)
EL IZABETH TATUM
DIR 404.786.4600
LIC # 377895 (GA)
4
F I N A N C I A LO V E R V I E W
ANNUALIZED OPERATING DATA
Monthly Rent Annual Rent Increases Cap Rate
Year 1 $31,250.00 $375,000 $1.84 8.30%
Year 2 $31,875.00 $382,500 $1.88 8.50%
Year 3 $32,512.50 $390,150 $1.92 8.67%
Year 4 $33,162.75 $397,953 $1.95 8.84%
Year 5 $33,826.01 $405,912 $1.99 9.02%
Year 6 $34,502.53 $414,030 $2.03 9.20%
Year 7 $35,192.58 $422,311 $2.07 9.38%
Year 8 $35,896.43 $430,757 $2.12 9.57%
Year 9 $36,614.36 $439,372 $2.16 9.76%
Year 10 $37,346.64 $448,160 $2.20 9.96%
EXECUTIVE SUMMARY
Property Name Act Global
Address410 S. River St.,
Calhoun, GA 30701
Year Built /Renovated 1968/1983
GLA ± 210,000 SF
Lot Size ± 10.96 Acres
TENANT SUMMARY
Tenant Trade Name Act Global
Type of Ownership Fee Simple
Lease Guarantor Act Global
Lease Type NNN
Roof & Structure Tenant Responsible
Original Lease Term 10 years
Rent Commencement Date COE
Lease Ex Date TBD
Term Remaining 10 years
Increases 2%
Options Two, 5-Year Options
FINANCIAL OVERVIEW
LIST PRICE
$4,500,000
CAP RATE
8.30%
TERM REMAINING
10 YEARS
T E N A N To v e r v i e w
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Act Global is a synthetic turf manufacturing and construction firm located in Austin, TX. Its primary production facilities are located in Calhoun, GA. The company is known for their product brands in sports, landscaping, landfills, and aviation. They are best known for their focus on player safety, biomechanics, and ISO 9001 quality manufacturing. They are known for building long-term relationships with leading organizations such as FIFA, World Rugby, Synthetic Turf Council, United Soccer League, Homeless World Cup and others.
AN INDUSTRY LEADER
Act Global’s commitment to creating quality work puts the company’s above the rest. The company’s leadership expertise and experience in manufacturing, technical support, finance, marketing, engineering, strategic development, and product development is how the company has skyrocketed internationally. With locations in Canada, the Netherlands, United Kingdom, Thailand, Poland, China, Cyprus, Australia, and across the United States, allowing Act Global to offer services to a wide variety of clients. Their worldwide network of partners and suppliers in over 80 countries shows the company’s focus to deliver only high-quality developments and products.
ACT GLOBAL
C O M P A N Y T R A D E N A M E A C T G L O B A L
H E A D Q U A R T E R E DA U S T I N , T E X A S
W E B S I T EW W W . A C T G L O B A L . C O M
Y E A R F O U N D E D2 0 0 4
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Oceanside Blvd ± 31,792
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the offering
Property Name Act Global
Property Address 410 S. River St.
Calhoun, GA 30701
Assessor’s Parcel Number C13-002
Site DescriptionNumber of Stories One
Year Built/Renovated 1968/1983
GLA ± 210,000 SF
Lot Size ± 10.96 Acres ( 477,417 SF)
Type of Ownership Fee Simple
Landscaping Professional
Topography Generally Level
PARCEL MAP
8s u r r o u n d i n g t e n a n t s
Bentley DyeServices
Mayer Electric Supply
ApacheMills
Dub’s Highon the Hog
Calhoun FireStation
Calhoun Wholesale
Pokey’s & Sports
MohawkHome Bound
Calhoun High/Middle School
9
Calhoun Shopping
Center
Mayer Electric Supply
Bentley DyeServices
Apache Mills
Quality Mat
Margulis Industries
BrumlowMills
Calhoun High/Middle School
9
10 10
CALHOUN, GA DEMOGRAPHICSCalhoun is located in Gordon County in northern Georgia. The city offers a safe and friendly small town feel just an hour outside of Atlanta. It is the perfect destination for a weekend get-away from the hustle and bustle of the city. Calhoun comes from a rich history and developed into a city with an active community that works hard to preserve historical sites and treasures.
Calhoun has award-winning educational and athletic programs. It is known as the National Main Street City where the community hosts many different activities for residents and visitors. They are known for their summer concerts, Fourth of July firework show, and amazing Christmas Parade. The most common industries in the area are in manufacturing and construction, with occupations in production and sales.
POPULATION 1 Mile 3 Mile 5 Mile
2023 Projection 3,337 24,948 34,887
2018 Estimate 3,210 23,675 33,220
2010 Census 3,083 22,117 31,243
Growth 2010 - 2018 3.96% 5.38% 5.02%
HOUSEHOLDS 1 Mile 3 Mile 5 Mile
2023 Projection 1,257 8,882 12,111
2018 Estimate 1,210 8,475 11,595
Growth 2010 - 2018 3.88% 4.80% 4.45%
INCOME 1 Mile 3 Mile 5 Mile
2018 Est. Average Household Income
$58,571 $58,260 $61,007
A R E AO V E R V I E W
Atlanta, ga
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Atlanta is Georgia’s capital and most populous city, as well as the economic and cultural hub of the Atlanta metropolitan area. Atlanta is a rapidly growing city, and its metropolitan area exceeded 5.5 million for the first time in 2013. While the area’s growth is not as high as it was in the 1990’s and early 2000’s, it’s higher than the previous year and this growth is expected to continue as Atlanta attracts new people. It’s projected that metro Atlanta’s population will reach about 5.7 million by 2020.W
$46,439Median Household Income
5,789,7000Population
33.3Median Age
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Economy
Atlanta’s economy is considered diverse, with dominant sectors including logistics, professional and business services, media operations, and information technology. Corporate operations comprise a large portion of Atlanta’s economy, with the city serving as the regional, national, or global headquarters for many corporations.
Atlanta contains the country’s third largest concentration of Fortune 500 companies and the city is the global headquarters of corporations such as The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, UPS, and Newell-Rubbermaid. Over 75% of Fortune 1000 companies conduct business operations in the Atlanta metropolitan area, and the region hosts offices of about 1,250 multinational corporations.
Many corporations are drawn to Atlanta on account of the city’s educated workforce; as of 2010, nearly 43% of adults in the city of Atlanta have college degrees, compared to 27% in the nation as a whole.
Top Employers
SPORTSIt is home to three professional sports franchises: the Atlanta Braves (Major League Baseball), the Atlanta Hawks (National Basketball Association), and the Atlanta Falcons (National Football League). All teams have made their city proud and have become national champions. The residents of Atlanta and surrounding cities have become a devoted fan base to their teams and have some of the best crowd atmospheres.
ACTIVITIESAtlanta also contains various outdoor attractions. The Atlanta Botanical Garden, adjacent to Piedmont Park, is home to the 600-foot-long Kendeda Canopy Walk, a skywalk that allows visitors to tour one of the city’s last remaining urban forests from 40-foot-high. The Canopy Walk is considered the only canopy-level pathway of its kind in the United States. Zoo Atlanta, located in Grant Park, accommodates over 1,300 animals representing more than 220 species. Home to the nation’s largest collections of gorillas and orangutans, the Zoo is also one of only four zoos in the U.S. to house giant pandas.
TOURISMAtlanta is one of the most visited cities in America, with over 37 million visitors per year. In 2015 alone, the tourism industry has generated $58.9 billion in business sales. Although the most popular attraction among visitors to Atlanta is the Georgia Aquarium, the world’s largest indoor aquarium, Atlanta’s tourism industry is mostly driven by the city’s history museums and outdoor attractions.
This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of Act Global located at 410 S River St, Calhoun, GA 32435 (“Property”) . I t has been prepared by Matthews Real Estate Investment Services. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Real Estate Investment Services. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.
By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:
1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;
2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and
3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.
Owner and Matthews Real Estate Investment Services expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.
I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.
A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Real Estate Investment Services or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.
This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.
C O N F I D E N T I A L I T Y & D I S C L A I M E R S TA T E M E N T
exclusively listed by
KYLE MATTHEWSBROKER OF RECORDLIC # 67120 (GA)
BROKER OF RECORD
4 1 0 S . R I V E R S T. | C A L H O U N , G A™
Gary ChouSVP & Senior Director
DIR 310.919.5827
MOB 714.928.8016
LIC # 01911222 (CA)
Kevin ChangAssociate
DIR 310.919.5828
MOB 951.616.8918
LIC # 01976724 (CA)
Rachel CondonManaging PrincipalOxbow Real Estate
DIR 404.275.5794
LIC # 295154 (GA)
EL IZABETH TATUMPRINCIPAL/TRANSACTION ADVISOROxbow real estate
DIR 404.786.4600
LIC # 377895 (GA)
