This document provides an offering for a net leased Sonic restaurant property located in Columbus, Ohio. The property benefits from its location less than half a mile from Ohio State University with over 64,000 students. It has a 15-year lease to Sonic that expires in 2023 with three 5-year renewal options and rental escalations of 10% in 2018 and at each renewal. The tenant is guaranteed by Houchens Industries, a $3 billion private company. The offering provides property and lease details, maps, demographic data and information on Sonic and its parent company.
NAHB describes the many unprecedented opportunities in today\'s housing market, including ample inventory, attractive pricing, near-record low interest rates, tax incentives and more. The extended deadline for the $8,000 first-time home buyer tax credit, the new $6,500 credit for repeat buyers and the increased income limits in the legislation enacted on Nov. 6, 2009.
NAHB describes the many unprecedented opportunities in today\'s housing market, including ample inventory, attractive pricing, near-record low interest rates, tax incentives and more. The extended deadline for the $8,000 first-time home buyer tax credit, the new $6,500 credit for repeat buyers and the increased income limits in the legislation enacted on Nov. 6, 2009.
Net Lease Tenant Profile Report 2019 | The Boulder GroupThe Boulder Group
The Boulder Group releases its 2019 Q3 Net Lease Tenant Profiles report. The report provides comprehensive insight into tenant lease structures and cap rates for over 70 net lease tenants.
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the recent activity in the National Net Lease Dollar Store Market.
Net Lease Casual Dining Report 2018 | The Boulder GroupThe Boulder Group
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 1st quarter activity in the National Net Lease Casual Dining Market.
net lease research report q1 2018 | The Boulder GroupThe Boulder Group
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 1st quarter activity in the National Net Lease Market.
Net Lease Big Box Research Report | The Boulder GroupThe Boulder Group
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 4th quarter activity in the National Net Lease Big Box Market.
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the recent activity in the National Net Lease QSR Market.
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the recent activity in the National Net Lease Dollar Store Market. #CRE
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
This PDF provides a straightforward guide to using Dynamics 365 for efficient bid management in construction projects. Learn how to streamline processes, improve accuracy, and enhance productivity with practical tips and step-by-step instructions.
https://dnetsoft.com/dynamics-365-bid-management-software
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
1. NET LEASED INVESTMENT OFFERING
Sonic (Ground Lease)
3290 Olentangy River Road
Columbus, OH 43202
www.bouldergroup.com
2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerial
5) Site Plan
6) Map
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
www.bouldergroup.com
3. CONFIDENTIALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is
intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to
any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been
prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary
level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or
representation. The information contained in this Offering Memorandum has been obtained from sources we
believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information
contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes 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.
www.bouldergroup.com
4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant Sonic restaurant ground lease property located
in Columbus, Ohio. The property is located on a 51,199 square foot parcel in front of a free standing Kohl’s store and
adjacent to a 182-unit apartment complex. The Ohio State University campus is less than one-half mile from the property,
home to over 64,000 students and employs over 27,000 people. Additionally, Riverside Methodist Hospital, the largest
member hospital of OhioHealth healthcare system, is located one-quarter mile north of the property. The lease features a
10% rental escalation in November 2018.
The property is located along Olentangy River Road, a primary north-south thoroughfare in the area which travels south
through the Ohio State University campus. Olentangy River Road runs parallel to Olentangy Freeway, which experiences
traffic volumes in excess of 71,000 vehicles per day creating constant traffic near the site. There are numerous national
retailers along Olentangy River Road including Kohl’s, Kroger, Big Lots and PNC Bank. There are multiple hotels within the
immediate area including Hilton Garden Inn, Holiday Inn Express and Fairfield Marriott Inn, which provide the closest
lodging to the university. The University of Ohio State campus and numerous student housing apartments are located less
than one-half mile from the property, and the population is in excess of 311,000 within five miles of the property.
Sonic’s original ground lease term was for 15 years and expires in October 2023 and has a 10% escalation in November
2018. The ground lease features three 5-year renewal options with 10% rental escalations. Sonic is a publicly traded
company on the NASDAQ (SONC) and Houchens Industries inc. is a multi-billion dollar private company.
INVESTMENT HIGHLIGHTS
• Tenant’s parent company, Houchens Industries inc., has
annual revenue of $3 billion
• Located within the Columbus MSA
• 10% rental escalation in the primary term in 2018 and in
each renewal option
• Zero landlord responsibilities
• Less than one-half mile from Ohio State University campus
(64,000 students)
• One-quarter mile from Riverside Methodist Hospital
• Nearby retailer include Kohl’s, Kroger, Big Lots and PNC Bank
• Located on the hard corner of a signalized intersection
• Close proximity to numerous hotels (closest lodging to the
university)
• Less than two miles from Interstate 71 (54,625 VPD)
• Over 311,000 people living within five miles of the property
www.bouldergroup.com
5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $964,615
Cap Rate: 6.50%
Rent Schedule: NOI Escalation Date
$ 62,700 1
$ 68,970 11/1/2018
$ 75,867 11/1/2023 (Option 1)
$ 83,454 11/1/2028 (Option 2)
$ 91,799 11/1/2033 (Option 3)
Renewal Options: Three 5-year
Lease Commencement Date: November 1, 2008
Lease Expiration Date: October 31, 2023
Tenant: Sonic
Guarantor: Houchens Restaurants, LLC 2
Year Built 2008
Lease Type: NNN Ground Lease
Rentable Square Feet: 1,620
Land Size: 1.17 acres
(1) Seller will pay the differential between the current rent of $57,000, until the rent
escalates in November 2013 to $62,700.
(2) Houchens Restaurants LLC’s parent company, Houchens Industries, inc., has annual
revenue of $3 billion.
www.bouldergroup.com
9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
Sonic (NASDAQ: SONC) is an American drive-in fast-food restaurant chain based in Oklahoma City, Oklahoma. In
2011, Sonic was ranked number 10 of the top 50 quick-service and fast-casual restaurant brands in the United
States by QSR Magazine. Sonic operates over 3,500 restaurants in 43 U.S. states and serves over 3 million
customers per day. Sonic is known for their unique use of carhops on roller skates serving their drive-in customers.
Houchens Restaurants, LLC is the operator and guarantees the lease. Houchens Restaurants, LLC is a wholly owned
subsidiary of Houchens Industries, inc. Houchens Industries, inc. was founded in 1917 and is now among the largest
100% employee-owned companies in the United States. Houchens has businesses in retail grocery and convenience
stores, quick-to-service restaurants, insurance, stock brokerage and several others businesses operating in over 30
countries, including over 30 Sonic restaurants. Houchens Industries is ranked in the top 200 of America’s largest
private companies and has revenue of nearly $3 billion annually. Today, Houchens Industries is wholly owned by its
16,000 employees and is headquartered in Bowling Green, Kentucky.
Sonic: www.sonicdrivein.com
Number of Locations: 3,561
Stock Symbol: SONC (NASDAQ)
Houchens Industries, inc www.houchensindustries.com
Number of Employees: 16,000+
www.bouldergroup.com
10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi. 3-mi 5-mi
Total Population 14,290 147,554 311,660
Total Households 7,156 63,349 135,509
Income
Median Household Income $39,798 $39,370 $39,492
Average Household Income $53,276 $57,530 $57,982
www.bouldergroup.com
11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Columbus is the largest city in the state of Ohio and the county seat of Franklin
County. At the time of the 2010 U.S. Census Columbus had a population of 787,000,
making it the most populous city in Ohio. Columbus has a diverse economy based on
education, government, insurance, banking and energy. Columbus is most notably
home to The Ohio State University. The Ohio State University is one of the world’s
largest universities with a student population of over 64,000. Columbus has also
emerged as a leader in the technology industry and is home to the world’s largest
private research and development foundation, Battelle Memorial Institute. In 2009,
BusinessWeek named Columbus the best place in the country to raise a family.
Additionally, Columbus was ranked as America’s 20th best city by Bloomberg
BusinessWeek.
Columbus is home to five Fortune 500 corporations including Nationwide Mutual Insurance Company, American
Electric Power, Limited Brands, Momentive Specialty Chemicals and Big Lots. Other major employers in Columbus
include JP Morgan Chase, Huntington Bancshares and Wendy’s. Columbus is most recognized as the home to The
Ohio State University. Ohio State University is one of the largest universities in the world with a student population of
over 64,000 and over 27,000 employees.
www.cityofcolumbus.org
www.bouldergroup.com
12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
666 Dundee Road Suite 1801
Northbrook, IL 60062
Randy Blankstein Jimmy Goodman
President Partner
847.562.0003 847.562.8500
rblank@bouldergroup.com jimmy@bouldergroup.com
www.bouldergroup.com