Triple Net Property For Sale


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Triple Net Property For Sale

  1. 1. NET LEASED INVESTMENT OFFERINGOrscheln Farm & Home 718 4th Street #2Gothenburg, NE 69138
  2. 2. TABLE OF CONTENTS NET LEASED INVESTMENT OFFERING TABLE OF CONTENTS1) Confidentiality & Disclaimer2) Executive Summary3) Property Overview4) Site Plan5) Map6) Tenant Profile7) Demographic Comparison Report8) Location Overview9) Contact Information
  3. 3. CONFIDENTIALITY & DISCLAIMER NET LEASED INVESTMENT OFFERING CONFIDENTIALITY CONFIDENTIALITY & DISCLAIMERThe 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. The information contained in this Offering Memorandum has been obtained from sources webelieve to be reliable; however, The Boulder Group has not verified, and will not verify, any of the informationcontained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes nowarranty or representation whatsoever regarding the accuracy or completeness of the information provided. Allpotential buyers must take appropriate measures to verify all of the information set forth herein.
  4. 4. EXECUTIVE SUMMARY NET LEASED INVESTMENT OFFERING EXECUTIVE SUMMARYThe Boulder Group is pleased to exclusively market for sale single tenant net leased Orscheln Farm & Home property inGothenburg, Nebraska. The 22,960 square foot Orscheln was built in 2008 and has sixteen lease years remaining. Theproperty is benefited by a 10% rental escalation in 2013 and every five years thereafter. The lease is guaranteed byOrscheln Farm & Home, a top tier retailer with 156 locations supplying agricultural goods for farm, home, ranch andsuburban customers.The property is located on the corner of East 4th Street and Highway 47. Highway 47 is the primary thoroughfare in the areaand has a full access interchange with Interstate 80 one-half mile away from the property. The property benefits from thestrong agricultural economy in Gothenburg. Farming and ranching account for the majority of the economy in Gothenburg,and the farming community accounts for 25% of the total alfalfa production in the United States. The Orscheln property isessential to the community as it provides necessary farming and agricultural equipment to the consumers and farmers.The property is in a strategic location within close proximity to Interstate 80, which services nearby farming communities.Orscheln Farm & Home’s original lease term was for 20 years and expires in 2028. The lease is corporately guaranteedand has 10% rental escalations every five years during the primary term and renewal options with the first rental escalationin 2013. Orscheln Farm & Home has 156 locations across the United States and supplies agricultural goods for farm,home, ranch and suburban customers.INVESTMENT HIGHLIGHTS • Long term lease with 16 years remaining • Essential retailer to the community • Located on a major thoroughfare • Rental escalations of 10% every five years • Orscheln is the primary retailer of agricultural and farming equipment in the area and for surrounding communities • Local farming accounts for 25% of alfalfa production in the United States • Located one-half mile from Interstate 80 • Close proximity to Wildhorse Golf Course, Lake Helen Recreation Area, and Gothenburg Memorial Hospital
  5. 5. PROPERTY OVERVIEW NET LEASED INVESTMENT OFFERING PROPERTY OVERVIEWPrice: $1,488,921Cap Rate: 8.25%Net Operating Income: $122,836Rent Schedule: NOI Escalation Date $122,836 $134,316 12/1/2013 $145,796 12/1/2018 $157,276 12/1/2023 $168,756 12/1/2028 (Option 1) $180,236 12/1/2033 (Option 2) $191,716 12/1/2038 (Option 3) $203,196 12/1/2043 (Option 4)Renewal Options: Four 5-YearRental Escalations: 10% Every Five YearsLease Commencement Date: December 1, 2008Lease Expiration Date: November 30, 2028Tenant: Orscheln Farm & HomeYear Built 2008Lease Type: NN (Roof and Structure)Rentable Square Feet: 22,960
  8. 8. TENANT PROFILE NET LEASED INVESTMENT OFFERING TENANT PROFILEOrscheln Farm & Home is a chain store with 156 locations in Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky,Missouri, Nebraska, and Oklahoma. Founded in 1960, Orscheln Farm & Home is headquartered in Moberly,Missouri. Orscheln Farm & Home supplies agricultural goods for farm, home, ranch and suburban customers.Orscheln offers animal feed and health items and other farm and ranch supplies, as well as clothing and footwear,lawn and garden care items, hunting equipment, tools, hardware, automotive supplies and tires, plumbing andelectrical equipment, and other home improvement items. In order to serve its growing suburban customer base,Orscheln has added toys, housewares, work and Western clothing, and sporting goods at select locations. OrschelnFarm & Home shows commitment to the communities they service by offering college scholarships to localgraduating high school seniors.Website: www.orschelnfarmhome.comNumber of Locations: 156
  9. 9. DEMOGRAPHIC COMPARISON REPORT NET LEASED INVESTMENT OFFERING DEMOGRAPHIC COMPARISON REPORTPopulation 5-mi. 10- 10-mi 15- 15-miTotal Population 4,027 5,691 10,323Total Households 1,636 2,299 4,249IncomeMedian Household Income $44,202 $43,686 $42,034Average Household Income $51,518 $51,986 $50,799
  10. 10. LOCATION OVERVIEW NET LEASED INVESTMENT OFFERING LOCATION OVERVIEWGothenburg is the Pony Express capital of Nebraska and has many yearly visitors.Gothenburg is a Nebraska Certified Economic Development Community and hasexperienced tremendous business and industry growth over the past several years.Agriculture and farming account for the majority of the economy in Gothenburg. Localfarmers account for 25% of alfalfa production in the United States, a principalagricultural commodity. Frito Lay is located in Gothenburg, and operates a cleaning,storage and shipping facility for corn shipped around the country. Wildhorse Golf Courseis located within the city and has been recognized in several national golf publications.The course draws golfers from around the state of Nebraska and the rest of theCountry. The city of Gothenburg is also home to Gothenburg Memorial hospital.Gothenburg Memorial Hospital went underwent a $3.5 million renovation in 2004 andserves the city of Gothenburg as well as other surrounding counties.
  11. 11. CONTACT INFORMATION NET LEASED INVESTMENT OFFERING CONTACT INFORMATION 666 Dundee Road Suite 1801 Northbrook, IL 60062Randy Blankstein Jimmy GoodmanPresident Partner847.562.0003