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INVESTMENT SUMMARY Wright Career College 10720 Metcalf Avenue Overland Park, Kansas 66210

Wright Career College - Kessinger/Hunter simple interest in Wright Career College (“Property”) ... 69 69 69 69 435 435 435 435 435 350 470 35 35 35 35 56 169 169 29 29 5 45 45

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Page 1: Wright Career College - Kessinger/Hunter simple interest in Wright Career College (“Property”) ... 69 69 69 69 435 435 435 435 435 350 470 35 35 35 35 56 169 169 29 29 5 45 45

I N V E S T M E N T S U M M A RY

Wright Career College10720 Metcalf Avenue Overland Park, Kansas 66210

Page 2: Wright Career College - Kessinger/Hunter simple interest in Wright Career College (“Property”) ... 69 69 69 69 435 435 435 435 435 350 470 35 35 35 35 56 169 169 29 29 5 45 45

WorldHeadquarters

Town Center Plaza

119th St

Nal

l Ave

Jewish Community

Center ParkPlace

Headquarters

RosanaSquare

Kansas City Gift Mart

MetcalfCommons

Met

calf

Ave

College Blvd

Overland ParkConvention

Center

Roe

Ave

142,000+ CPD 46,4

95+

CPD

Children’s Mercy Hospital

LOCATION - OVERLAND PARK, KANSAS WRIGHT CAREER COLLEGE CAMPUS

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INVESTMENT OPPORTUNITY

•Unparalleled Location and Identity - Rare opportunity to purchase a prestigious campus on Metcalf and I-435

• Strong Cash Flow With Long-Term Lease - Single-tenant property offers investors long-term cash flow stability with annual rent increases

• Strong Demographics - Investment in exceptional metropolitan area

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OFFERING SUMMARY

Kessinger/Hunter & Company, a member of the Cushman & Wakefield Alliance, has been retained as exclusive advisor and agent to sell the 100% fee simple interest in Wright Career College (“Property”) located at 10720 Metcalf Avenue, Overland Park, Kansas. The owner of the Property, Mission Group Kansas, Inc. d/b/a Wright Business School and Wright Career College, occupies 100% of the Property, and is offering to sell and lease-back the entire Property on a net lease basis for a 15-year term. This offering represents an excellent opportunity to acquire an extremely well located, new thriving asset with excellent prospects of appreciation.

The Property is being offered to qualified principals, with attractive existing indebtedness, at a price of $13,500,000. Pleae refer to the Financial Information section of the Offering Memorandum for the terms of the existing financing.

OFFERING DETAILS

• Sale/Lease-back opportunity of state-of-the-art training school• Campus consisting of two Class A buildings - 55,428 rentable square feet• Sale Price of $13,500,000 ($243.56 PSF)• 7.5% cap rate on Year 1 Net Operating Income• Annual Net Rent starting at $1,012,500 ($18.27 PSF) with 2% annual

increases• 15-year lease with Mission Group Kansas, Inc., d/b/a Wright Career

College, a five-campus school and on-line program• Attractive, in-place financing with favorable loan assumption and pre-

payment terms

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PROPERTY DESCRIPTION

The offered Property consists of two buildings encompassing a total of 55,428 rentable square feet. The Educational Facility located on the west side of the Property consists of a virtual hospital, classrooms, a library, break rooms, fitness room, general offices, and medical lab space. The Administration Building fronts Metcalf Avenue and is the national headquarters for Wright Career College and Wright Career Business Schools. The buildings were recently constructed in 2012 and feature attractive, Class A finishes and state-of-the-art fixtures and equipment. The site provides a college-like atmosphere with ample parking and easy access ensuring long-term viability.

Location: 10720 Metcalf Avenue, Overland Park, Kansas

Site Area: 4.75 acres (+/-)

Zoning: CP-2

Parking: 273 Spaces; 4.93/1,000 SF

Total Building Area: 55,428 (+/-) square feet combined Educational Facility: 40,428 SF; 1 and 2-Story

Administration Building: 15,000 SF; 2-Story Year Built: 2012 and retrofit of an existing structure

Traffic Counts: 142,000 cars per day on I-43546,500 cars per day going north on Metcalf

Avenue

2

EducationalFacility

AdministrationBuilding

METC

ALF AVENU

E

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No warranty of representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.

Kansas CityInternational Airport

Charles B WheelerDowntown Airport

150

71

435

71

71

71

69

69

69

69

435

435

435

435

435

350 470

35

35

35

35

56

169

16929

29

5

45

45

9

1

33

210

291

78

70

40

70

32635

24

Overland Park

Kansas City

Independence

Olathe

Lee's Summit

Shawnee

Lenexa

Raytown

Leawood

Liberty

Gladstone

Grandview

Belton

Prairie Village

Raymore

Merriam

Roeland Park

North Kansas City

Greenwood

Parkville

Edwardsville

Sugar Creek

Mission Hills

Pleasant Valley

Riverside

Spring Hill

Weatherby Lake

Claycomo

Lake Quivira

Lake Winnebago

Ferrelview

Avondale

Northmoor

Mosby

Farley

Birmingham

Unity Village

Randolph

River Bend

Kansas City

WRIGHT CAREER COLLEGE

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Kevin CurtinInvestment [email protected]

Jim Gates, SIORPrincipal, Office [email protected]

Miles McCunePrincipal, Office [email protected]

Kessinger Hunter & Company2600 Grand AvenueSuite 700Kansas City, MO 64108816.842.2690 phone816.421.5659 fax

KANSAS CITY METROPOLITAN AREA