NET LEASED INVESTMENT OFFERING          Home Depot    2951 Kinwest ParkwayIrving, TX 75063 (Dallas MSA)       www.boulderg...
TABLE OF CONTENTS      NET LEASED INVESTMENT OFFERING      TABLE OF CONTENTS1)    Confidentiality & Disclaimer2)    Execut...
CONFIDENTIALITY & DISCLAIMER                                             NET LEASED INVESTMENT OFFERING                   ...
EXECUTIVE SUMMARY                                                 NET LEASED INVESTMENT OFFERING                          ...
PROPERTY OVERVIEW                            NET LEASED INVESTMENT OFFERING                           PROPERTY OVERVIEWPri...
AERIALNET LEASED INVESTMENT OFFERING       AERIALwww.bouldergroup.com
SITE PLANNET LEASED INVESTMENT OFFERING     SITE PLANwww.bouldergroup.com
MAPSNET LEASED INVESTMENT OFFERING       MAPSwww.bouldergroup.com
DEMOGRAPHIC COMPARISON REPORT                           NET LEASED INVESTMENT OFFERING                   DEMOGRAPHIC COMPA...
TENANT PROFILE                                             NET LEASED INVESTMENT OFFERING                                 ...
LOCATION OVERVIEW                  NET LEASED INVESTMENT OFFERING                 LOCATION OVERVIEWLas Colinas is an upsca...
CONTACT INFORMATION             NET LEASED INVESTMENT OFFERING           CONTACT INFORMATION           666 Dundee Road Sui...
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Net Leased Home Depot for sale

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Net Leased Home Depot for sale

  1. 1. NET LEASED INVESTMENT OFFERING Home Depot 2951 Kinwest ParkwayIrving, TX 75063 (Dallas MSA) www.bouldergroup.com
  2. 2. TABLE OF CONTENTS NET LEASED INVESTMENT OFFERING TABLE OF CONTENTS1) Confidentiality & Disclaimer2) Executive Summary3) Property Overview4) Aerial5) Site Plan6) Maps7) Demographic Comparison Report8) Tenant Profile9) Location Overview10) Contact Information www.bouldergroup.com
  3. 3. CONFIDENTIALITY & DISCLAIMER NET LEASED INVESTMENT OFFERING CONFIDENTIALITY & DISCLAIMER CONFIDENTIALITYThe information contained in the following Offering Memorandum is proprietary and strictly confidential. It isintended to be reviewed only by the party receiving it from The Boulder Group and should not be made available toany other person or entity without the written consent of The Boulder Group. This Offering Memorandum has beenprepared to provide summary, unverified information 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. The Boulder Group has not made any investigation, and makes no warranty orrepresentation, with respect to the income or expenses for the subject property, the future projected financialperformance of the property, the size and square footage of the property and improvements, the presence orabsence of contaminating substances, PCBs or asbestos, the compliance with State and Federal regulations, thephysical condition of the improvements thereon, or the financial condition or business prospects of any tenant, orany tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in thisOffering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group hasnot verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted anyinvestigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracyor completeness of the information provided. All potential buyers must take appropriate measures to verify all of theinformation set forth herein. www.bouldergroup.com
  4. 4. EXECUTIVE SUMMARY NET LEASED INVESTMENT OFFERING EXECUTIVE SUMMARYThe Boulder Group is pleased to exclusively offer for sale a single tenant office building fully leased to Home Depotlocated within the Dallas MSA. The property is located within the master planned development known as Las Colinas.Home Depot is an investment grade rated company with a $97 billion market cap. The lease features three 10% rentalescalations in the primary term of the lease.The property is located within the Dallas MSA in the upscale development, Las Colinas. Las Colinas contains 23 millionsquare feet of office space, as well as 1.3 million square feet of retail, 8.9 million square feet of light industrial, 4,220hotel rooms, 4,630 single family homes and 13,900 multifamily homes. The development is served by the Las Colinaspersonal transit systems, which links the businesses and entertainment areas together. Additionally, there is a DallasArea Rapid Transit (DART) stop within one-quarter mile of the property.Las Colinas is home to five Fortune 500 companies’ global headquarters and more than 45 Fortune 500 companies havea presence in Las Colinas. The area is home to more than 2,000 companies including the global headquarters forCommercial Metals, ExxonMobil, Fluor and Kimberly-Clark. Other companies with a presence in the Las Colinas areainclude Abbott Laboratories, AT&T, Citigroup, General Motors, Microsoft, NEC America, Nokia, Siemens, Oracle andVerizon.The property consists of an 18,583 square foot single story office building and is leased to Home Depot until September30, 2019. The building features wood trimmed accents, modular walls and Class A interior finishes. The property’s DataRoom features its own dedicated HVAC Unit as well as a Dry Chemical Suppression System.The tenant signed an eight year lease in October 2011 and the lease expires in September 2019. The net operatingincome increases by 10% three times during the primary term of the lease. Home Depot is a publicly traded company onthe New York Stock Exchange (HD), with a market capitalization of $97 billion.INVESTMENT HIGHLIGHTS• Property is located within a dense area of the Dallas MSA• Investment grade rated company (S&P: A-)• Three 10% rental escalations in the primary term of the lease• Less than ¼ mile from a Dallas Area Rapid Transit (DART) stop• Well above average parking ratio (7.55 per 1,000 SF)• Easy access to Interstate 635 and Highways 114 and 161• Over $300,000 worth of improvements put into the building in 2012• Close proximity to the Dallas/Fort-Worth International Airport• Located in Las Colinas, an upscale planned development in the Dallas MSA www.bouldergroup.com
  5. 5. PROPERTY OVERVIEW NET LEASED INVESTMENT OFFERING PROPERTY OVERVIEWPrice: $2,229,960Cap Rate: 7.50%Net Operating Income: NOI Escalation Date $167,247 $185,830 4/1/2014 $204,413 4/1/2016 $222,996 4/1/2018Renewal Options: Two 3-YearRenewal Rent: Greater of current rent or market rentLease Commencement Date: October 1, 2011Lease Expiration Date: September 30, 2019Guarantor: Home DepotYear Built: 1985Year Renovated: 2006 & 2012Lease Type: NN*Building Square Footage: 18,583Land Size: 2.46 acres* Landlord is responsible for structure only. However, for all capital improvements to theroof and parking lot the tenant is responsible for paying its prorata share of the costsbased upon the remaining lease term divided by the useful life of the capital repair. www.bouldergroup.com
  6. 6. AERIALNET LEASED INVESTMENT OFFERING AERIALwww.bouldergroup.com
  7. 7. SITE PLANNET LEASED INVESTMENT OFFERING SITE PLANwww.bouldergroup.com
  8. 8. MAPSNET LEASED INVESTMENT OFFERING MAPSwww.bouldergroup.com
  9. 9. DEMOGRAPHIC COMPARISON REPORT NET LEASED INVESTMENT OFFERING DEMOGRAPHIC COMPARISON REPORTPopulation 3-mi. 5-mi. 7-miTotal Population 40,848 136,791 355,088Total Households 20,608 58,832 138,162IncomeMedian Household Income $75,975 $71,679 $64,891Average Household Income $97,445 $96,140 $82,828 www.bouldergroup.com
  10. 10. TENANT PROFILE NET LEASED INVESTMENT OFFERING TENANT PROFILEThe Home Depot is the worlds largest home improvement specialty retailer, with 2,250 retail stores in all 50 states,the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2011,The Home Depot had sales of $70.4 billion and earnings of $3.9 billion. The company employs more than 300,000associates. The Home Depots stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the DowJones industrial average and Standard & Poors 500 index. Home Depot is currently ranked #35 of the Fortune 500,an annual ranking of America’s largest corporations.Home Depot Interiors (Formerly U.S. Home Systems, Inc.) is engaged in the specialty product home improvementbusiness. In its home improvement business, Home Depot Interiors manufactures or procures designs, sells andinstalls custom kitchen and bathroom cabinet re-facing products and organizational storage systems for closets andgarages. The home improvement products are marketed through a variety of sources, including direct mail, marriagemail, magazines, newspaper inserts and in-store displays. Its kitchen products are available in all 42 marketsencompassing approximately 1,974 The Home Depot stores. U.S. Home Systems, Inc.’s bath products are offered in16 markets, which include approximately 676 stores.Websites: www.homedepot.com www.usremodelers.comStock Symbol: HD (NYSE)Market Capitalization: $97 billionS & P Rating: A- www.bouldergroup.com
  11. 11. LOCATION OVERVIEW NET LEASED INVESTMENT OFFERING LOCATION OVERVIEWLas Colinas is an upscale, planned development in the city of Irving. Las Colinas is one ofthe first master-planned developments in the country and the 12,000 acre community isknown worldwide its quality as a major business center. Its central location between Dallasand Fort Worth makes Las Colinas an attractive location for business and commerce, asevidenced by the corporate presence. Las Colinas is home to five Fortune 500 companies’global headquarters and more than 45 Fortune 500 companies have a presence in LasColinas. In addition to business, the Las Colinas development incorporates luxury hotels,townhomes, single family homes and private country clubs. Las Colinas features fourchampionship golf courses and the only AAA Five-Diamond resort in Texas.http://www.irvingtexas.com/about/lascolinasIrving is located within Dallas County, Texas and at the time of the 2010 US Census had apopulation of 216,290. Irving is home to Las Colinas, one of the first master-planneddevelopments in the country. In January 2011 the Irving Convention center, a 275,000square foot facility on 40 acres was developed in the Las Colinas area. The facility isdesigned to serve exhibition, conventions, meetings and other events for groups up to4,000 people. Corporations with headquarters in the Irving area include Archon Group,ExxonMobil, Omni Hotels Nokia America, NEC Corporation of America and RIM America.www.ci.irving.tx.usThe Dallas MSA is largest metropolitan area in the South and the fourth most populatedmetropolitan area in the United States. According to the 2010 US, The Dallas MSA had apopulation of 6,371,773. Dallas and its suburbs have one of the highest concentrations ofcorporate headquarters in the United States. The MSA contains the largest informationtechnology industry base in the state and is home to firms such as Texas Instruments, HPEnterprise Services, Dell Services, AT&T, Ericsson and Verizon. The area is also home tomajor defense manufacturers including Lockheed Martin, Bell Helicopter Textron andRaytheon.Dallas is home to the Dallas-Fort Worth International Airport, the third busiest airport in theworld in terms of aircraft movements and the seventh largest in terms of passenger traffic.www.dallascityhall.com www.bouldergroup.com
  12. 12. CONTACT INFORMATION NET LEASED INVESTMENT OFFERING CONTACT INFORMATION 666 Dundee Road Suite 1801 Northbrook, IL 60062Randy Blankstein Jimmy GoodmanPresident Partner847.562.0003 847.562.8500rblank@bouldergroup.com jimmy@bouldergroup.com www.bouldergroup.com

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