EXCLUSIVE LISTING O’Reilly Auto Parts | Ft. …...Landlord Responsibilities Roof & Structure Store Open December 2016 Lease Term Remaining 18+ Years Rent Commencement December 13,

O’Reilly Auto Parts | Ft. Lauderdale (Plantation), FLOffering Memorandum

PATRICK NUTT MANAGING PARTNER

(954) 302-7365 [email protected]

DOUG ARONSONMANAGING DIRECTOR


Actual Site

EXCLUSIVE LISTINGOffering Memorandum

1

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

O’Reilly Auto Parts | Ft. Lauderdale (Plantation), FL


700 S SR-7 | Plantation, FL 33309

Asking Price $2,500,000 | Cap Rate 5.20%

Net Operating Income (NOI) $130,000

Rent/Month $10,833.33

Rent/SF $18.06

Rentable Square Feet 7,200+/- SF

Land Area 1.15+/- Acres

Tenant Name O’Reilly Auto Parts

Credit Rating S&P: BBB+

Stock Symbol NYSE: ORLY

Guarantor Corporate

Ownership Type Fee Simple

Lease Type NN

Landlord Responsibilities Roof & Structure

Store Open December 2016

Lease Term Remaining 18+ Years

Rent Commencement December 13, 2016

Lease Expiration December 31, 2036

Increases 6% in Year 11 and Every 5 Years Thereafter

Options Four (4), Five (5) Year

Rent Schedule

Term Increases Annual Rent Monthly Rent Rent/SFYears 1-10 - $130,000.00 $10,833.33 $17.62

Years 11-15 6% $137,800.00 $11,483.33 $18.67

Years 16-20 6% $146,068.00 $12,172.33 $19.79

Years 21-25 (Option 1) 6% $154,832.06 $12,902.67 $20.98

Years 26-30 (Option 2) 6% $164,121.96 $13676.83 $22.24

Years 31-35 (Option 3) 6% $173,969.26 $14,497.44 $23.57

Years 36-40 (Option 4) 6% $184,407.39 $15,367.28 $24.99

Investment Highlights • In demand South Florida location

• New construction: concrete & brick

• 18+ year corporate lease

• Investment grade tenant (S&P: BBB+)

• O’Reilly has more than 5,021 stores in 47 states with a market cap of $18.57 Billion (april 2018)

• Florida has no state income tax

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Financial Summary


About O’Reilly Auto PartsO’Reilly Automotive, Inc. (Nasdaq: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers.

On October 26, 2016, O’Reilly announced that it was acquiring Bond Auto Parts, a 51 store chain headquartered in Vermont with locations in New Hampshire, Massachusetts, and New York as well.

Founded in 1957 by the O’Reilly family, the Company operated 5,021 stores in 47 states as of December 31, 2017.

Tenant Snapshot

# of Locations

5,021

Stock Symbol

Nasdaq: ORLY

Credit Rating

S&P: BBB+

2017 Revenue

$8,977Bil

Market Cap

$18.57Bil

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Tenant Overview


Site Photos

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Distance To:Fort Lauderdale 5 miles

Pompano Beach 13 miles

Boca Raton 22 miles

Miami 27 miles

Boca Raton

Hollywood

Pompano Beach

Fort LauderdalePlantation

Miami

Location Overview

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Subject Site

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State Rd 7 48,000 VPD

SW 6

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SW 8

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Subject Site

PlantationCoin Laundry

Center for Youth Development &

Academic ExcellenceEye Care

Melrose Inn

7

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Fort Lauderdale, FLFort Lauderdale is a city in the U.S. state of Florida, 28 miles north of Miami. It is the county seat of Broward County. As of the 2016 census, the city had a population of 178,764. It is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census.

The city is a popular tourist destination, with an average year-round temperature of 75.5 °F, and 3,000 hours of sunshine per year. Greater Fort Lauderdale which takes in all of Broward County hosted 12 million visitors in 2012, including 2.8 million international visitors. The city and county in 2012 collected $43.9 million from the 5% bed tax it charges, after hotels in the area recorded an occupancy rate for the year of 72.7 percent and an average daily rate of $114.48. The district has 561 hotels and motels comprising nearly 35,000 rooms. Forty six cruise ships sailed from Port Everglades in 2012. Greater Fort Lauderdale has over 4,000 restaurants, 63 golf courses, 12 shopping malls, 16 museums, 132 nightclubs, 278 parkland campsites, and 100 marinas housing 45,000 resident yachts.

Fort Lauderdale is a major manufacturing and maintenance center for yachts. The boating industry is responsible for over 109,000 jobs in the county. With its many canals, and proximity to the Bahamas and Caribbean, it is also a popular yachting vacation stop, and home port for 42,000 boats, and approximately 100 marinas and boatyards. Additionally, the annual Fort Lauderdale International Boat Show, the world’s largest boat show, brings over 125,000 people to the city each year.

The downtown area is the largest in Broward County, although there are other cities in the county with commercial centers. Office buildings and highrises include Las Olas River House, Las Olas Grand, 110 Tower (formerly AutoNation Tower), Bank of America Plaza, One Financial Plaza, Broward Financial Center, One East Broward Boulevard, Barnett Bank Plaza, PNC Center, New River Center, One Corporate Center, SunTrust Centre, 101 Tower, and SouthTrust Tower.

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Market Overview


Radius 1 Mile 3 Miles 5 MilesPopulation2017 Population 17,142 136,611 398,476

2022 Population 17,691 143,645 421,331

2010-2017 Annual Rate 0.41% 0.96% 1.07%

2017-2022 Annual Rate 0.63% 1.01% 1.12%

2017 Male Population 49.8% 48.9% 49.2%

2017 Female Population 50.2% 51.1% 50.8%

2017 Median Age 35.1 37.0 38.8

Households2017 Total Households 5,104 48,535 157,712

2022 Total Households 5,243 50,870 166,273

2010-2017 Annual Rate 0.27% 0.86% 0.96%

2017-2022 Annual Rate 0.54% 0.94% 1.06%

2017 Average Household Size 3.33 2.80 2.49

Median Household Income2017 Median Household Income $44,622 $42,781 $45,750

2022 Median Household Income $47,971 $48,262 $51,822

2017-2022 Annual Rate 1.46% 2.44% 2.52%

Average Household Income2017 Average Household Income $59,113 $61,557 $66,613

2022 Average Household Income $66,411 $69,447 $76,193

2017-2022 Annual Rate 2.36% 2.44% 2.72%

Per Capita Income2017 Per Capita Income $18,217 $21,943 $26,967

2022 Per Capita Income $20,319 $24,641 $30,646

2017-2022 Annual Rate 2.21% 2.35% 2.59%

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Demographics


PATRICK NUTT MANAGING PARTNER


DOUG ARONSONMANAGING DIRECTOR


Who Are We? Calkain Companies LLC is 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)

$12 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.

Contact Us

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

Fort Lauderdale200 SW 1st Avenue | Suite 880 Fort Lauderdale, FL 33301 T: (813) 282-6000

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

Philadelphia3477 Corporate Parkway | Suite 100 Center Valley, PA 18034 T: (610) 410-5410

CALKAIN.COM

Documents

EXCLUSIVE LISTING O’Reilly Auto Parts | Ft. …...Landlord Responsibilities Roof & Structure Store Open December 2016 Lease Term Remaining 18+ Years Rent Commencement December 13,