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NNN INVESTMENT PORTFOLIO Charlotte, NC MSA

NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

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Page 1: NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

NNN INVESTMENT PORTFOLIOCharlotte, NC MSA

Page 2: NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

Investment Highlights | NNN Investment Portfolio 2

INVESTMENT OVERVIEW

Portfolio OverviewLocation Charlotte, NC MSA

Sale Price $11,058,460

Number of Units 2

Number of Properties 2

Cap Rate 6.50 %

Lease Type NNN

Lease Term 10 Years

Tenancy Single

4750 Albemarle Rd NOI $226,800.00

20440 Chartown Dr NOI $492,000.00

Portfolio Year 1 NOI $718,800.00

Investment Overview• Presenting an exclusive, 2-Property, Fully-Leased, NNN

Investment Portfolio for sale. Located in Charlotte, NC MSA, eachproperty features an auto-repair shop leased by Caliber Collisionthrough May of 2030. Each property in the portfolio may be soldseparately, as well (see Portfolio Overview for individual pricing).

The total annual net operating income of this portfolio is$718,800. The tenant at each property has the right to extend theInitial Term of each 10-Year Lease for three (3) additional terms offive (5) years.

Founded in 1997, Caliber Collision, is recognized in the Charlottearea for their high-quality customer service, auto body paint,dent, glass, and collision repair. Caliber Collision Centers operatesacross 32 States in the United States and is the largestindependent provider of automotive collision repair services inthe U.S. The rapid growth and financial strength can be anattraction for investors looking for a safe asset.

Page 3: NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

Portfolio Map | NNN Investment Portfolio 3

Property Name Type List Price AddressCaliber Collision on Albemarle Rd Retail $3,489,230 4750 Albemarle Rd, Charlotte, NC 28205Caliber Collision of Cornelius Retail $7,569,230 20440 Chartown Dr, Cornelius, NC 28031

Page 4: NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

Property Summary | Caliber Collision on Albemarle Rd 4

Caliber Collision on Albemarle Rd

ADDRESS 4750 Albemarle RdCharlotte NC 28205

BUILDING SF 19,000 SF

YEAR BUILT 1996

APN 13301153

# OF PARCELS 1

ZONING TYPE B-2

Page 5: NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

Rent Roll | Caliber Collision on Albemarle Rd 5

Lease Term Rental RatesSuite Tenant Name Square

Feet% of GLA Lease Start Lease End Begin Date Monthly PSF Annual PSF Lease Type Options/Notes

Caliber Bodyworks ofNorth Carolina LLC

19,000 100.00% 06/01/20 05/31/30 CURRENT $18,900 $0.99 $226,800 $11.94 NNN Tenant shall have the right toextend the Initial Term of thisLease for three (3) additionalterms of five (5) years.

Totals 19,000 $18,900 $226,800

Page 6: NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

Property Summary | Caliber Collision of Cornelius 6

Caliber Collision of Cornelius

ADDRESS 20440 Chartown DrCornelius NC 28031

BUILDING SF 32,890 SF

YEAR BUILT 2000

APN 00541105

# OF PARCELS 1

ZONING TYPE IC(CD)

Page 7: NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

Rent Roll | Caliber Collision of Cornelius 7

Lease Term Rental RatesSuite Tenant Name Square

Feet% of GLA Lease Start Lease End Begin Date Monthly PSF Annual PSF Lease Type Options/Notes

Caliber Bodyworks ofNorth Carolina LLC

32,890 100.00% 06/01/20 05/31/30 CURRENT $41,000 $1.25 $492,000 $14.96 NNN Tenant shall have the right toextend the Initial Term of thisLease for three (3) additionalterms of five (5) years.

Totals 32,890 $41,000 $492,000

Page 8: NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

Property Images | Caliber Collision of Cornelius 8

Tenant Profile

Page 9: NNN INVESTMENT PORTFOLIO...Location Charlotte, NC MSA Sale Price $11,058,460 Number of Units 2 Number of Properties 2 Cap Rate 6.50 % Lease Type NNN Lease Term 10 Years Tenancy …

NNN Investment Portfolio

CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum isproprietary and strictly confidential. It is intended to be reviewed only bythe party receiving it from Blanq real estate and it should not be madeavailable to any other person or entity without the written consent ofBlanq real estate .

By taking possession of and reviewing the information contained hereinthe recipient agrees to hold and treat all such information in the strictestconfidence. The recipient further agrees that recipient will not photocopyor duplicate any part of the offering memorandum. If you have no interestin the subject property, please promptly return this offeringmemorandum to Blanq real estate . This offering memorandum has beenprepared to provide summary, unverified financial and physicalinformation to prospective purchasers, and to establish only a preliminarylevel of interest in the subject property.

The information contained herein is not a substitute for a thorough duediligence investigation. Blanq real estate has not made any investigation,and makes no warranty or representation with respect to the income orexpenses for the subject property, the future projected financialperformance of the property, the size and square footage of the propertyand improvements, the presence or absence of contaminatingsubstances, PCBs or asbestos, the compliance with local, state and federalregulations, the physical condition of the improvements thereon, orfinancial condition or business prospects of any tenant, or any tenant’splans or intentions to continue its occupancy of the subject property.

The information contained in this offering memorandum has beenobtained from sources we believe reliable; however, Blanq real estate hasnot verified, and will not verify, any of the information contained herein,nor has Blanq real estate conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regardingthe accuracy or completeness of the information provided. All potentialbuyers must take appropriate measures to verify all of the information setforth herein. Prospective buyers shall be responsible for their costs andexpenses of investigating the subject property.

Exclusively Marketed by:

Clifford Blanquicet Jr.President(704) [email protected]