Brochure

REPRESENTATIVE PHOTO
Exclusive OFFERING | $2,093,000
Corporate At&t
3201 West Broadway, Sedalia, Missouri
214.915.8890
BOB MOORHEAD
[email protected]
JOE CAPUTO
[email protected]
RUSSELL SMITH
[email protected]
property. Newly constructed 4,095+ SF building on 0.51+ acre lot.
tenant. New Cingular Wireless PCS, LLC dba AT&T Mobility, wholly owned subsidiary of AT&T, Inc. (S&P Rating: A-). AT&T had net income of $4.4 billion and
$11 billion in free cash flow in 2013 | 241,130 employees.
lease structure. 10-year corporate net lease with 10-years remaining on base term, 10% rent increases every 5-years.
location. AT&T is located at West Broadway Blvd/U.S. Route 50 (28,343 Cars / Day) on a pad site in front of Walmart. U.S. Route 50 is an arterial east-west
thoroughfare that spans from St. Louis, Missouri, to Kansas City, Missouri. The subject property is in an extremely dense retail area that is home to a wide variety
of national credit tenants. Tenants in the immediate trade area include Walmart, K Mart, Lowe’s, Chevrolet, Toyota, Ford, JCPenny, Dollar General, Big Lots,
Aaron’s, Goody’s, Payless, GameStop, RadioShack, McDonald’s, Burger King, Wendy’s, Subway, Pizza Hut, Papa John’s, Arby’s, Taco Bell, Panera Bread, and
many more. Pepsi, Gardner Denver, and Maxion Wheels have production facilities in the immediate trade area. Sedalia is located 60 miles west of Jefferson City,
MO, and 90 miles east of Kansas City, MO.
Table of contents | Disclaimer
At&t
3201 West Broadway, Sedalia, Missouri
Disclaimer
PAGE 1:
COVER
PAGE 2:
TABLE OF CONTENTS | DISCLAIMER
PAGE 3:
INVESTMENT | TENANT | LEASE OVERVIEW
PAGE 4-5:
AERIAL PHOTOS
PAGE 6:
SITE PLAN
PAGE 7:
SITE RENDERING
PAGE 8:
LOCATION OVERVIEW
PAGE 9-10:
LOCATION MAPS
PAGE 11:
DEMOGRAPHICS
Construction Progress Photo 3.18.14
EXP Realty Advisors, Inc. (“Agent”) has been engaged as an agent for the sale of the
property located at 3201 West Broadway, Sedalia, Missouri the owner of the Property
(“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller
and Agent make no representations or warranties as to the accuracy of the information
contained in this Offering Memorandum. The enclosed materials include highly confidential
information and are being furnished solely for the purpose of review by prospective
purchasers of the interest described herein. The enclosed materials are being provided
solely to facilitate the prospective investor’s own due diligence for which it shall be fully and
solely responsible. The material contained herein is based on information and sources
deemed to be reliable, but no representation or warranty, express or implied, is being made
by Agent or Seller or any of their respective representatives, affiliates, officers, employees,
shareholders, partners and directors, as to the accuracy or completeness of the information
contained herein. Summaries contained herein of any legal or other documents are not
intended to be comprehensive statements of the terms of such documents, but rather only
outlines of some of the principal provisions contained therein. Neither the Agent nor the
Seller shall have any liability whatsoever for the accuracy or completeness of the
information contained herein or any other written or oral communication or information
transmitted or made available or any action taken or decision made by the recipient with
respect to the Property. Interested parties are to make their own investigations, projections
and conclusions without reliance upon the material contained herein. Seller reserves the
right, at its sole and absolute discretion, to withdraw the Property from being marketed for
sale at any time and for any reason. Seller and Agent each expressly reserves the right, at
their sole and absolute discretion, to reject any and all expressions of interest or offers
regarding the Property and/or to terminate discussions with any entity at any time, with or
without notice. This offering is made subject to omissions, correction of errors, change of
price or other terms, prior sale or withdrawal from the market without notice. Agent is not
authorized to make any representations or agreements on behalf of Seller. Seller shall
have no legal commitment or obligation to any interested party reviewing the enclosed
materials, performing additional investigation and/or making an offer to purchase the
Property unless and until a binding written agreement for the purchase of the Property has
been fully executed, delivered, and approved by Seller and any conditions to Seller’s
obligations hereunder have been satisfied or waived. By taking possession of and
reviewing the information contained herein, the recipient agrees that (a) the enclosed
materials and their contents are of a highly confidential nature and will be held and treated
in the strictest confidence and shall be returned to Agent or Seller promptly upon request;
and (b) the recipient shall not contact employees or tenants of the Property directly or
indirectly regarding any aspect of the enclosed materials or the Property without the prior
written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be
copied or otherwise reproduced without the prior written authorization of Seller and Agent.
Listed in association with MISSOURI broker of record:
PACE PROPERTIES
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Investment overview
At&t
3201 West Broadway, Sedalia, Missouri
PRICE:
$2,093,000
NET OPERATING INCOME:
$141,277
Lease overview
Initial Lease Term:
10-Years, Plus 2, 5-Year Options to Renew
Rent Commencement:
June 2014
Lease Expiration:
June 2024
BUILDING AREA:
4,095+ Square Feet
LAND AREA:
0.51+ Acres
Lease Type:
NN | Landlord Responsible for Roof & Structure
YEAR BUILT:
2014
Rent Increases:
10% in Lease Year 6 & Option Periods
OWNERSHIP:
Fee Simple Interest
Year 1-5 Annual Rent (Current):
$141,277
OCCUPANCY:
100%
Year 6-10 Annual Rent:
$155,364
Year 11-15 Annual Rent (Option 1):
$170,884
Year 16-20 Annual Rent (Option 2):
$187,960
Tenant overview
New Cingular Wireless PCS, LLC dba AT&T Mobility
AT&T | www.att.com
New Cingular Wireless PCS, LLC dba AT&T Mobility, wholly owned subsidiary of AT&T, Inc.
AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. The company's
Wireless segment offers wireless voice and data communication services, such as local wireless communications services, long-distance services, and roaming
services. This segment also sells various handsets, wirelessly enabled computers, and personal computer wireless data cards; and accessories, including carrying
cases, hands-free devices, batteries, battery chargers, and other items. This segment sells its products through its own stores, or through agents or third-party
retail stores.
SUBJECT PROPERTY
Its Wireline segment provides data services comprising switched and dedicated transport, Internet access and network integration,
services,
andEXPANSION
data
PRIOR U-verse
TO PANDA
EXPRESS
equipment; businesses voice applications over IP-based networks; and digital subscriber lines, dial-up Internet access, private lines, managed Web-hosting
services, packet services, enterprise networking services, and Wi-Fi services, as well as local, interstate, and international wholesale networking capacity to other
service providers. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005. AT&T Inc. was founded
in 1983 and is headquartered in Dallas, Texas. Over the previous 12 month period the company had a net income of $4.4 billion and $11 billion in free cash flow.
AT&T currently has 241,130 employees.
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AERIAL PHOTO
At&T
3201 West Broadway, Sedalia, Missouri
WSM
Welding
Thompson
Meadow
Industrial Park
Liberty
Park
Jewelers
Auto
Dealer
Jewelers
Thompson Blvd
Equity Bank
Pittsburg Corning
Stone Creek Plaza
Daum Museum of
Contemporary Art
4
AERIAL PHOTO
At&T
3201 West Broadway, Sedalia, Missouri
5
SITE PLAN
At&T
3201 West Broadway, Sedalia, Missouri
Winchester Road
West Broadway Blvd
6
SITE RENDERING
At&T
3201 West Broadway, Sedalia, Missouri
7
Location overview
At&T
3201 West Broadway, Sedalia, Missouri
IMMEDIATE TRADE AREA
KANSAS CITY, MISSOURI
AT&T is located at West Broadway Blvd/U.S. Route 50 (28,343 Cars / Day) on
a pad site in front of Walmart. U.S. Route 50 is an arterial east-west
thoroughfare that spans from St. Louis, Missouri, to Kansas City, Missouri.
Kansas City, MO is the largest city in the U.S. state of Missouri and is the
anchor city of the Kansas City Metropolitan Area, the second largest
metropolitan area in Missouri. It encompasses 318-square miles in parts of
Jackson, Clay, Cass, and Platte counties. It is one of two county seats of
Jackson County, the other being Independence, which is to the city's east. As
of 2010, the population census was 459,787 with a metro area of 2.1 million.
The subject property is in an extremely dense retail area that is home to a wide
variety of national credit tenants. Tenants in the immediate trade area include
Walmart, K Mart, Lowe’s, Chevrolet, Toyota, Ford, JCPenny, Dollar General,
Big Lots, Aaron’s, Goody’s, Payless, GameStop, RadioShack, McDonald’s,
Burger King, Wendy’s, Subway, Pizza Hut, Papa John’s, Arby’s, Taco Bell,
Panera Bread, and many more.
The trade area is also home to a bottling facility for Pepsi, a production facility
for Gardner Denver (a global manufacturer of industrial compressors, blowers,
and pumps), and a warehouse/production facility for Maxion Wheels.
SEDALIA / PETTIS COUNTY, MISSOURI
The City of Sedalia, founded in October 1860, is the seat of Pettis County in
west-central Missouri. Located 90 miles east of Kansas City and 190 miles
west of St. Louis, Sedalia's location at the intersection of US routes 50 and 65
gives residents and businesses easy access to Interstate 70, state capital
Jefferson City and the Lake of the Ozarks recreational area. Since 1899,
Sedalia has been home to the Missouri State Fair - welcoming nearly 400,000
visitors every August to the third largest State Fairgrounds in the United States.
The nearly 400 acre site offers year-round facilities for camping, recreational
activities and community events. The city's economy continues to shift from the
railroad-based economy of the 1900's to the ever-diversifying manufacturing
and service economy of today. New and expanded manufacturing operations
continue to grow the service industry and to attract new businesses to the
community. Much of the area surrounding Sedalia continues to be active
farmland.
Pettis County is a prime location with a central U.S. location and transportation
network. Pettis County has tax and financial incentives with job training
assistance, business resources, a pro business climate, and business diversity.
Pettis County has advanced utility and telecommunication infrastructure,
available buildings, and fully developed industrial parks. Among the growth
seen by existing industry in the county, Starline completed a 15,000 SF, $2.3
million expansion, DeLong’s completed a 12,320 SF, $1.6 million facility, Sierra
Bullets completed a 20,000 SF, $3 million expansion, and Tyson Foods
remodeled their facility, with a $31 million renovation.
Greater Kansas City is headquarters to several Fortune 500 companies: Sprint
Nextel Corporation, H&R Block, YRC Worldwide Inc., and International Assets
Holding Corporation. Fortune 1000 corporations based in the Greater Kansas
City area include Great Plains Energy, Aquila, AMC Theatres, Applebee's, DST
Systems, Garmin International, Cerner, Seaboard Corporation, Russell Stover
Candies, and three international law firms. Ford Motor Company operates a
large manufacturing facility just outside of Kansas City in Claycomo at the Ford
Kansas City Assembly Plant, which currently builds the Ford Escape, Mazda
Tribute, Ford F-150, and Mercury Mariner. The General Motors Fairfax
Assembly Plant is located in adjacent Kansas City, Kansas. The Veterans of
Foreign Wars is headquartered just south of downtown.
Kansas City International Airport MCI is uniquely situated as a major asset in
the future development of Kansas City’s Northland. Given its mid-continent
location, the Airport is a two- or three-hour flight from most U.S. destinations –
a true gateway to and from America’s heartland. Located in downtown Kansas
City, Missouri, just 20 minutes from Kansas City International Airport, the
Kansas City Convention and Entertainment Facilities dominates the city skyline
with its brilliant art deco pylons. The Convention Center has just completed a
$150 million expansion and technology upgrade. It now features one of the 10
largest convention center ballrooms in the country.
Kansas City production represents 38.2% of Kansas’ economy and 23.6% of
Missouri’s economy.
Kansas City Ranks…
26th among the nation’s 938 MSA’s for small businesses - 2010 US Census
Bureau
3rd best large Midwest city for a weekend getaway - July 2012 AAA magazine
26th largest producer of goods and services among 363 U.S. cities - 2011
Global Insight Inc.
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Location map
At&T
3201 West Broadway, Sedalia, Missouri
9
Location map
At&T
3201 West Broadway, Sedalia, Missouri
10
Demographics
At&T
3201 West Broadway, Sedalia, Missouri
Demographic snapshot
Radius
Population:
2018 Projection
2013 Estimate
2010 Census
Growth 2013-2018
Growth 2010-2013
Households:
2018 Projection
2013 Estimate
2010 Census
Growth 2013 - 2018
Growth 2010 - 2013
Owner Occupied
Renter Occupied
2013 Avg Household Income
2013 Med Household Income
2013 Households by Household
Inc:
<$25,000
$25,000 - $50,000
$50,000 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000+
1 Mile
3 Mile
5 Mile
2,248
2,253
2,274
-0.22%
-0.92%
17,650
17,655
17,723
-0.03%
-0.38%
28,122
28,054
27,945
0.24%
0.39%
1,094
1,097
1,108
-0.27%
1.20%
397
700
$45,901
$27,906
7,229
7,233
7,264
-0.06%
-0.61%
4,270
2,963
$48,543
$34,016
11,305
11,280
11,239
0.22%
0.29%
7,031
4,249
$47,573
$34,776
524
186
206
60
63
24
19
16
2,593
2,201
1,114
549
391
181
104
101
4,016
3,478
1,808
884
518
319
124
131
DOWNTOWN KANSAS CITY, KANSAS CITY, MO
KANSAS CITY INTERNATIONAL AIRPORT, KANSAS CITY, MO
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