INVESTMENT HIGHLIGHTS
• 100% leased single-tenant Corp. Guaranteed NNN Lease: Landlord responsible for roof & structure
• All extension options remaining with 10% rent increases
• Ideal retail location: Outparcel to a Super Target and Home Depot in the Henry Town Center
• Established location in steady operation since 2005
• Situated along a bustling retail corridor: Neighboring tenants include PetSmart, Marshall's, Ross, Home Depot and Bed, Bath & Beyond
• Located along Jonesboro Road, next to I-75 across from Sam's Club
• Surrounding neighborhood boasts favorable demographics with over 77,000 residents within a 5-mile radius and an average household income of $74,000
3. Table Of Contents
INVESTMENT SUMMARY AREA OVERVIEW PROPERTY OVERVIEW TENANT SUMMARY
INVESTMENT HIGHLIGHTS CITY OF MCDONOUGH DEMOGRAPHICS TENANT PROFILE
LOCATIONS MAPS RENT ROLL
RETAIL MAPS
4. Investment Summary
Offering Price $2,640,000
Capitalization Rate 7.75%
NOI $204,540
Lease Type NNN (landlord resp. for roof & Structure)
Lease Commencement April 2005
Total Land Area 61,289 SF
Total Building Area 4,000 SF
Ownership Fee Simple (Land & Building)
Remaining Term 2 Years
Options Two – 5 Year
Rent Increases 10% Every 5 Years
Lease Guarantee Verizon Wireless LLC
Investment Highlights
ESTABLISHED VERIZON WIRELESS IN THE HENRY TOWN CENTER
• 100% leased single-tenant NNN fee simple (land & building) providing a new investor
with a very secure asset
• Outparcel to a Super Target in the Henry Town Center
• Verizon has been operating at this location since 2005 providing new investor with
confidence given the established location
• Lease calls for Two – 5 Year extension options following the initial lease term with 10%
increase at each option period
• Verizon Wireless is a national credit tenant, publically traded on the NYSE, NASDAQ:
VZ. Verizon Wireless posted a 2013 Q3 net income exceeding $5.5 Billion and was
recently upgraded to BBB+ credit rating by Standard and Poor
LOW MANAGEMENT HASSLE
• Single tenant, NNN lease; landlord responsible for roof and structure
• Tenant pays taxes, insurance, and CAM charges making this an ideal property
for out of state investors
• Building was constructed and developed in 2005 making this one of the newer
Verizon Wireless buildings with no near future need to re-facade
HIGH IDENTITY LOCATION
• Surrounding synergistic tenant mix creates a point of destination to this
particular trade area and satisfies both daytime and evening consumer
demands. Surrounding tenants include: Super Target, PetSmart, Marshalls, Ross,
Bed Bath & Beyond, Michael’s, Home Depot, Staples, Belk and Longhorn
Steakhouse to name a few
• Strategically located along Jonesboro Rd. on the southern pad out-parcel to
a Super Target and many other major retailors
• Located directly west of the I-75 Interstate across from a Sam’s Club
• Superior frontage road visibility and highway signage directly along Interstate
75 with excellent points of access
• Location is supported by good demographics with over 77,000 people in a 5-
mile radius and an average household income of over $74,000
• Trade area is located 30 minutes southeast of Atlanta draws significant traffic
from the I-75 Interstate
INVESTMENTSUMMARYAREAOVERVIEWPROPERTYOVERVIEWTENANTSUMMARY
5. AREA OVERVIEW
CITY OF McDonough
McDonough is a city in Henry County, Georgia, United States. It is part of
the Atlanta metropolitan area and its population was 22,084 at the 2010
census. Inclusion of the unincorporated neighborhoods surrounding
McDonough, which are not part of a town/city, raises the population to
approximately 30,000 from an estimate in 2008. The city is the county seat
of Henry County. It is the home of AM radio station Classic Country 1410
WKKP and SCB-TV cable Channel 15 television station.
Surrounding unincorporated neighborhoods in the area that make up the
McDonough Metropolitan Statistical Area are Blacksville, Flippen,
Kelleytown and Ola. All of these communities are located near
McDonough, and addresses in those communities have McDonough
postal addresses.
Named for naval officer Commodore Thomas McDonough and founded
in 1823 around a traditional town square design. The buildings surrounding
the square are intact although there are some vacancies. The county
courthouse and historic jail building are on the north side near the
Welcome Center in a historically maintained Standard Oil service station
1920 prototype. The station also houses the Main Street Program Office
and Hospitality and Tourism Office. In the center of the square is a
monument to Henry County's Confederate dead. One block east of the
square, the town's original cotton warehouse has been replaced with the
Henry County Judicial Center. In the same area the Henry County
Courthouse Annex has an original oil on canvas "Cotton Gin” by Jean
Charlot. He painted this oil in 1942 for the town post office. His works can
be found all over the world in everything from children's books to large
murals.
Historically, the town was a relay station on the New York to New Orleans
stagecoach line and was connected by other stage lines with Fayetteville
and Decatur, and with Macon by way of Jackson through PA the 19th
century.
INVESTMENTSUMMARYAREAOVERVIEWPROPERTYOVERVIEWTENANTSUMMARY
6. Demographics
1-Mile 3-Mile 5-Mile
PopulationHouseholdsIncome
2013 Estimated Population
2018 Projected Population
2010 Census Population
2000 Census Population
Annual Growth Rate 2010-2013
Annual Growth Rate 2013-2018
2013 Estimated Medium Age
2013 Estimated Households
2018 Projected Households
2010 Census Households
2000 Census Households
Growth 2010-2013
Growth 2013-2018
2013 Estimated Medium Age
2013 Est. Average Household Size
2013 Estimated Households
• Income $15,000 - $24,999
• Income $25,000 - $34,999
• Income $35,000 - $49,000
• Income $50,000 - $74,999
• Income $75,000 - $99,999
• Income $100,000 - $149,999
• Income $150,000 - $199,999
• Income $200,000+
2013 Est. Average Household Income
2018 Prj. Average Household Income
2013 Medium Household Income
2013 Per Capita Income
2018 Prj. Per Capita Income
2,159
2,566
1,473
716
12.48%
3.52%
36.3
26,127
28,140
24,762
16,347
1.67%
1.50%
35.5
77,724
82,667
75,150
45,336
1.04%
1.24%
35.2
670
787
468
254
11.67%
3.26%
36.3
3.22
8,742
9,381
8,314
5,424
1.56%
1.42%
35.5
2.99
27,594
29,326
26,678
15,878
1.04%
1.23%
35.2
2.79
670
34 (5.1%)
31 (4.6%)
69 (10.3%)
130 (19.4%)
122 (18.2%)
175 (26.1%)
47 (7%)
24 (3.6%)
$90,976
$104,603
$80,121
$29,160
$33,291
8,742
636 (7.3%)
621 (7.1%)
1,227 (14%)
1,849 (21.2%)
1,399 (16%)
1,593 (18.2%)
372 (4.3%)
359 (4.1%)
$80,126
$93,081
$63,817
$27,435
$31,748
27,594
2,336 (8.5%)
2,677 (9.7%)
3,551 (12.9%)
5,998 (21.7%)
4,053 (14.7%)
4,367 (15.8%)
1,251 (4.5%)
826 (3.0%)
$74,065
$85,574
$58,687
$26,427
$30,478
INVESTMENTSUMMARYAREAOVERVIEWPROPERTYOVERVIEWTENANTSUMMARY
10. PROPERTY DESCRIPTION
ADDRESS
1844 Jonesboro Rd. McDonough, GA 30253
LOCATION
Located on the west side of Interstate 75, along the north side of Jonesboro Rd.
outparcel to the large Henry Town Center in the city of McDonough, Georgia.
PARCEL
Tax assessor’s parcel number: 054-01061000
LAND AREA
The subject property land area is approximately 61,289 square feet (1.4 Acres)
BUILDING AREA
The subject property building area is approximately 4,000 square feet.
VISIBILITY AND FRONTAGE
Excellent visibility due to its location at the southern outparcel to a Super Target within
the Henry Town Center with direct frontage road visibility on Jonesboro Rd., providing
superior accessibility for both east and west-bound traffic.
ACCESS
Access to the Verizon is easily achieved via two entrances into the town center from
Jonesboro Rd. just moments off Interstate 75.
YEAR BUILT
Built in 2005 the building contains one of the most recent prototype models.
INVESTMENTSUMMARYAREAOVERVIEWPROPERTYOVERVIEWTENANTSUMMARY
11. TENANT PROFILE
Verizon Wireless, formerly known as Cellco Partnership, branded and referred to as Verizon, is a wholly owned subsidiary of Verizon Communications Inc. Verizon Wireless provides
wireless services to 103.3 million subscribers as of Q1 2014.
Verizon Wireless is an innovative wireless communications company that connects people and businesses with the most advanced wireless technology and service available. Our
company launched the nation’s first 3G wireless broadband network. We were also the first tier-one wireless provider in the nation to build and operate a 4G LTE network. With 4G LTE,
our customers can access the Internet and stream media faster than ever—and experience their mobile world in real-time.
As the nation’s largest wireless company, we serve 103.3 million retail connections and operate more than 1,700 retail locations in the United States. Globally, we offer voice and data
services in more than 200 destinations. Verizon Wireless is wholly owned by Verizon Communications Inc. and is headquartered in Basking Ridge, N.J.
About Verizon Communications
Verizon Communications Inc. (NYSE, NASDAQ:VZ) is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government
and wholesale customers.
COMPANY PROFILE
Company: Verizon Wireless
Company Headquarters: Basking Ridge, NJ
Founded: 2000
Publically Traded: NYSE: VZ
Locations (2013): 2,330+ throughout
Subscribers: 103.3 Million
Website: www.verizonwireless.com
Financial Highlights
2013 Revenue: $81 billion
Market Capitalization: $199.44 Billion
INVESTMENTSUMMARYAREAOVERVIEWPROPERTYOVERVIEWTENANTSUMMARY
12. RENT ROLL
Lease Term Rental Rates
INVESTMENTSUMMARYAREAOVERVIEWPROPERTYOVERVIEWTENANTSUMMARY
Tenant
Square
Feet
% of
Property Begin End Begin Monthly PSF Annually PSF Recovery Type
Verizon 4,000 100.00% Apr-2005 Apr-2016 Current $17,045.00 $4.26 $204,540 $51.35 NNN
Apr-2016 $18,749.50 $4.68 $224,994 $56.26
Apr-2021 $20,624.45 $5.15 $247,493 $61.89Tenant has two(2) – five (5) year options:
TOTALS / AVERAGES 4,000
OCCUPIED SF 4,000 100.00%
VACANT SF 0 0.00%
TOTAL SF 4,000 100.00%