Walmart Distribution Center

Wal-Mart
Distribution Center
Statesboro, GA
Subject Property
Walmart Distribution Center
8801 Zell Miller Parkway, Statesboro, GA
$11,000,000
8.50% CAP $935,000 NOI
($3.09 psf)
• Triple Net (NNN) investment with 3 years remaining on base term. Current rent is low at $3.09 psf.
• 8.96% cash on cash return, 12% amortized cash on cash return.
• Building was constructed in 2001 specifically for Wal-Mart. Within walking distance, Wal-Mart owns
a 2.2 million sf building.
• 24-35 foot clear ceiling heights with columns spaced 31 x 60 feet
•Located within the 953 acre Gateway Regional Industrial Park
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
PROPERTY SUMMARY:
This Wal-Mart Distribution Center contains 303,000 square feet and is located on 18.08 acres
within the 953 acre Gateway Regional Industrial Park. The building was constructed in 2001
specifically for Wal-Mart. Within walking distance of this building Wal-Mart owns a 2.2 million
square foot building . The property has railroad access but it is not currently being used. The
building is constructed of metal with concrete slabs, it has 24-35 foot clear ceiling heights with
columns spaced 31’ x 60’. It contains 1,000 sf of office space and has a sprinkler system. In 2006
the owner invested $450,000 into HVAC systems, ventilation fans, insulation, additional
bathrooms and concrete repairs in exchange for an increased annual rent.
Gateway Regional Industrial Park has quickly emerged as one of Georgia's fastest-growing
industrial centers. The park is currently occupied by Wal-Mart's 2.2 million square foot
distribution center which is located on a 164-acre site, Statesboro's Briggs & Stratton
manufacturing facility and Viracon's glass fabrication facility.
LEASE SUMMARY:
Tenant:
Expiration Date:
Options:
Current Rent:
Base Rent Escalations:
Lease Type:
Wal-Mart Stores East, Inc.
March, 2013
None
$935,000 ($3.09 PSF) annually
Flat
This is an absolute triple net lease. Tenant pays real estate
taxes directly and insures the property at no cost to landlord.
Tenant is responsible for all repairs and replacements to the
property.
Wal-Mart
Distribution Center
Statesboro, GA
LOAN SUMMARY:
Original Balance:
Balance As Of 1/2010:
Equity Required:
Term:
Amortization Period:
Loan Start Date:
Interest Rate:
Annual Debt Service:
Lender:
Assumable:
Notes:
Cash on Cash Return:
Principal Reduction
Next 12 Months:
Cash on Cash After
Principal Reduction:
$7,000,000
$6,270,108
$4,729,892
10 Years
28 Years
12/1/2003
5.9%
$511,419
Vermont Life
Yes, 1% fee
Buyer must assume
the existing loan or pay
the cost to defease.
8.96%
$145,372
12%
TENANT SUMMARY:
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. As of January 31,
2009, it operated 891 discount stores, 2,612 super centers, 153 Neighborhood Markets, and 602
Sam’s Clubs in the United States; and 28 units in Argentina, 345 in Brazil, 318 in Canada, 197 in
Chile, 164 in Costa Rica, 77 in El Salvador, 160 in Guatemala, 50 in Honduras, 371 in Japan, 1,197
in Mexico, 51 in Nicaragua, 56 in Puerto Rico, and 358 in the United Kingdom, as well as 243
stores through a of joint ventures. The company was founded in 1945 and is based in
Bentonville, Arkansas. Wal-Mart Stores employs over 1,200,000 people. Total revenue for 2009
was $406 billion.
Subject Property
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
Wal-Mart
Labeled Aerial
Distribution Center
Statesboro, GA
953 acre Gateway Industrial Park
Development Authority
Subject Property
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
Wal-Mart
Tax Map
(Parcel ID # R400168005-062-000007-007 )
Distribution Center
Statesboro, GA
Development Authority
Subject Property
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
Wal-Mart
Gateway Regional Industrial Park Tenants
BRIGGS & STRATTON
With 96 years of history building engines, the Statesboro Briggs and Stratton
Plant is the third largest employer in the region with 950 employees. The
plant's success is a result of the availability of infrastructure support, location,
and a readily available skilled workforce.
Distribution Center
Statesboro, GA
Statesboro, GA
WAL-MART DISTRIBUTION CENTER
Gateway Regional Industrial Park is home to the largest Wal-Mart distribution
center in the United States. In handling all imported products offered in the
Wal-Mart stores, the close proximity to the Savannah Ports, interstates, and
rail were a major determining factor in building here. Other reasons included
Statesboro’s strong sense of community, pro-business government, excellent
schools, and trained workforce.
VIRACON
Viracon is an international company of the Glass Technologies Division of
Apogee Enterprises, Inc. The company produces high-performance glass
products, including tempered, laminated, insulating, security, silkscreened,
privacy and high-performance coatings. This Statesboro location was chosen
over locations in 26 states.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
Wal-Mart
Transportation And Accessibility
Distribution Center
Statesboro, GA
HIGHWAYS
U.S. Highway 25/301 (Georgia Highway 73) provides direct access to Gateway Regional Industrial Park, where the subject property is located. Interstate
16 is six miles south via U.S. Highway 25/301. Other highways serving Statesboro include U.S. Highway 80 and Georgia Highways 24 and 67. A perimeter
highway linking U.S. 80, U.S. 301 and Georgia Highways 24 and 67 was completed in 1994.
MOTOR FREIGHT CARRIERS
The Gateway Regional Industrial Park is served by 30 inter/intrastate carriers and three interstate-only carriers.
RAILROADS
The subject property is served by Georgia Midland Railroad which connects with Norfolk Southern Railroad at nearby Dover, Georgia. Both CSX
Corporation and Norfolk Southern have TOFC (piggy-back) facilities in Savannah.
AIR SERVICE
Commercial - Savannah International Airport is 53 miles southeast. Served by Delta, Continental, USAir and Airtran, United, Comair, and Independence
Air.
Public - Statesboro Municipal Airport, 9 miles northeast of the park, with two paved runways including a 5,500' lighted runway.
PORTS
The international shipping port of Savannah are located 53 miles southeast.
Garden City Terminal – Garden City Terminal is the fourth-largest container port in the United States and the largest single-terminal operation in North
America. Two Class I rail providers serve the Garden City Terminal location, which also offers immediate interstate access to the more than 100 trucking
companies that service the Savannah area. And with land available for future development, the facility has strategic plans in place for its expansion.
Ocean Terminal – A range of shipments including forest and solid wood products, steel, industrial and farm equipment, automobiles, project shipments
and heavy-lift cargoes move through this 200.4-acre, 9-berth facility every day. With 5,768 linear feet of deepwater berthing, 1.4 million square feet of
covered storage, and 73 acres of open storage, shipments move rapidly and efficiently to their destinations. Ocean Terminal’s location is served by two
Class I rail providers and offers immediate interstate access with 150-plus trucking options that service the Savannah area. And with room to grow and
the demand for diversity increasing every day, the facility has strategic plans in place for its future expansion.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
Wal-Mart
Survey
Distribution Center
Statesboro, GA
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
Wal-Mart
Location Maps
Distribution Center
Statesboro, GA
Subject Property
Port of
Savannah
Subject Property
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
Major City Proximity Map
Wal-Mart
Distribution Center
Statesboro, GA
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
Wal-Mart
Distance To Highway Intersections
Subject Property
Distribution Center
Statesboro, GA
3.06 Miles From Property
HWY 80 & Hwy 301
Bypass
6.92 Miles From Property
Interstate 16
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
5-10-15 Mile Demographic Map
Wal-Mart
Distribution Center
Statesboro, GA
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
5-10-15 Mile Demographic Graphs
Wal-Mart
Distribution Center
Statesboro, GA
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com
Wal-Mart
5-10-15 Mile Demographic Data
Distribution Center
Statesboro, GA
5 Miles:
10 Miles:
15 Miles:
Total Population
25,966
53,783
74,684
Male Population
49.3%
48.5%
48.8%
Female Population
50.7%
51.5%
51.2%
Population: 2009
Median Age
23.6
26.5
28.2
Population Density (per sq. mi.)
330.6
171.2
105.7
Employees
9,967
20,655
25,335
775
2,232
2,812
Median HH Income
$28,075
$33,328
$34,519
Per Capita Income
$17,734
$19,306
$18,685
Average HH Income
$45,969
$48,330
$48,585
9,127
19,826
26,813
2.44
2.48
2.59
58.2%
34.9%
33.8%
Owner Occupied Housing Units
38.3%
46.1%
51.3%
Renter Occupied Housing Units
52.5%
43.2%
37.0%
9.3%
10.7%
11.7%
White
66.9%
65.2%
67.4%
Black
29.6%
32.1%
30.4%
American Indian, Eskimo, Aleut
0.1%
0.1%
0.2%
Asian
1.9%
1.4%
1.1%
Hawaiian or Pacific Islander
0.0%
0.0%
0.0%
Other
0.8%
0.6%
0.6%
Multirace
0.6%
0.6%
0.4%
Establishments
Income: 2009
Households: 2009
Total Households
Average Household Size
Household Growth 1990 - 2000
Housing: 2009
Vacant Housing Units
Race: 2009
Contact Us
EXP Realty Advisors
118 East 28th Street
Suite #901
New York, NY 10016
Phone: (212) 972-7457
Fax: (212) 686-0078
www.exp1031.com
Our Team
Robert P. James
President
Phone: (212) 972-7457
Email: [email protected]
Daniel de Sa‘
Director of Sales
Phone: (212) 972-7457
E-mail: [email protected]
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Phone:
212-972-7457
Fax:
212-686-0078
Email:
[email protected]
Website: www.exp1031.com