Post on 23-May-2022
SAM'S CLUB,CLAIRMONT RD,ATLANTA, GA2901 CLAIRMONT ROADATLANTA, GA 30329
John Johnson, CCIM, ALCManaging Director404.303.1232 x16johnsonj@svn.com
Tom HunterSenior Advisor770.682.8552tom.hunter@svn.com
SVN | INTERSTATE BROKERS | 3300 HOLCOMB BRIDGE RD, STE 240, PEACHTREE CORNERS, GA 30092OFFERING MEMORANDUM
1PROPERTY INFORMATIONProperty Summary
Property Description
Complete Highlights
Additional Photos
2LOCATION INFORMATIONRegional Map
Location Maps
Aerial Map
Tenant Profile
3FINANCIAL ANALYSISFinancial Summary
Income & Expenses
Rent Roll
4DEMOGRAPHICSDemographics Report
Demographics Map
5ADVISOR BIOSAdvisor Bio & Contact 1
Advisor Bio & Contact 2
Back Page
OFFERING MEMORANDUMSAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329
1 PROPERTYINFORMATION
2901 Clairmont RoadAtlanta, GA 30329
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 3
OFFERING SUMMARY
Best Offer Above:: $16,895,000
Leasehold Interest & Ground Lease
NOI: $1,219,705
Lot Size: 22.1 Acres
Year Built: 1999
Building Size: 128,776 SF
Zoning: MU-BC
Market: Atlanta
Submarket: Chamblee, GA/
Northeast Atlanta
Traffic Count (I-85): 218,000
Traffic Count (Clairmont Rd) 50,200
PROPERTY OVERVIEWSam's Club leasehold asset subject to a ground lease. Asset consists of a 22.1acre ground-leased site improved with a Sam's Club Store with a Sam's fuelcenter. The lease to Sam's Club lease has 6+ years remaining on the currentterm with 6 five-year renewal options through July 4, 2055. The land lease has6+ years remaining on the current term with 3 ten-year renewal optionsthrough July 4, 2055. Sam's Club pays all expenses except for the land lease.The asset has an assumable loan with a balance of $10,605,000 at 4.77%,30-year amortization, 10-year call, with a 1% assumption fee.
PROPERTY HIGHLIGHTS
• Sam's Club Net-Leased Leasehold Improvement
• $1,239,338 NOI; 7.22% cap rate; 8.57% cash-on-cash return
• Walmart Stores, Inc. Guarantee
• Current term through 5/31/2026
• Sam's lease can be extended through 7/4/2055
• Ground lease can be extended through 7/4/2055
• Long-standing, top-performing store
• Visible and convenient to I-85
Property Summary
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
PROPERTY OVERVIEW
Sam's Club leasehold asset subject to a ground lease. Assetconsists of a 22.1 acre ground-leased site improved with aSam's Club Store with a Sam's fuel center. The lease to Sam'sClub lease has 6+ years remaining on the current term with 6five-year renewal options through July 4, 2055. The land leasehas 6+ years remaining on the current term with 3 ten-yearrenewal options through July 4, 2055. Sam's Club pays allexpenses except for the land lease. The asset has anassumable loan with a balance of $10,680,000 at 4.77%,30-year amortization, 10-year call, with a 1% assumption fee.
LOCATION OVERVIEW
The asset is located at the Northeast corner of I-85 andClairmont Road, within Chamblee City Limits, Dekalb County, GAapproximately 10 miles northeast of downtown Atlanta, GA.
Property Description
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
SALE HIGHLIGHTS
• Sam's Club Net-Leased Leasehold Improvement
• $1,219,705 NOI
• Walmart Stores, Inc. Guarantee
• Current term through 5/31/2026
• Sams lease can be extended through 7/4/2055
• Ground lease can be extended through 7/4/2055
• Long-standing, top-performing store
• Visible and convenient to I-85 (218,000 AADT)
• Assumable Loan: $10,605,000; 4.77%, 30 yrs, 10-yr call;
1% assumption fee
Complete Highlights
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Additional Photos
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
2 LOCATIONINFORMATION
2901 Clairmont RoadAtlanta, GA 30329
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 8
Sam's Club, Clairmont Rd,Atlanta, GA
Regional Map
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Location Maps
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Sam's Club, Clairmont Rd,Atlanta, GA
Aerial Map
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
OVERVIEW
Company: Sam's Club
Founded: 1983
Total Revenue: $140.5 Billion (Walmart)
Net Income: 6.67 Billion (Walmart)
Net Worth: $386 Billion (Walmart)
Headquarters: Bentonville, Arkansas
Website Sam's Club: Samsclub.com
Website Walmart: Walmart.com
TENANT HIGHLIGHTS
• Longstanding,, high volume store for Sam's Club
• Walmart corporate guarantee
• 6 years remaining on current lease term
• Renewal options though 2055
• Tenant pays all expenses except ground lease rent
Walmart, Inc. is the parent company of Sam's Club and servesas the corporate guarantor for the lease. Walmart is the world'slargest retailer ranked by revenue with over $500 billion in 2018.Walmart is the world's largest private employer with over 2.2million employees.. Walmart has 11,348 stores and clubs in 27countries, operating under 55 different names. Walmart hassuperior credit metrics and excellent liquidity.
WALMART: GUARANTOR
Sam's West, Inc. dba Sam's Club is a division of Walmart, Inc.Sam's club had $59 billion in revenue for fiscal 2018. Sam's cluboperates operates 599 membership warehouse clubs in the USand Puerto Rico. Sam's club serves 47 million members and isthe 8th largest US retailer.
SAM'S CLUB: TENANT
The Sam's Club lease with a Walmart corporate Guaranteemakes the income stream from this asset extremely safe bycorporate standards. Moody's rates Walmart debt at Aa2., andthe S&P and Fitch ratings are both AA.
Tenant Profile
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
3 FINANCIALANALYSIS2901 Clairmont Road
Atlanta, GA 30329
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 13
INVESTMENT OVERVIEW
Price Best Offer Above $16,895,000
Price per SF TBD
CAP Rate 7.22%
Cash-on-Cash Return (yr 1) 8.57%
Total Return (yr 1) $538,950
Debt Coverage Ratio 1.79
OPERATING DATA
Gross Scheduled Income $1,239,338
Other Income 0
Total Scheduled Income 1,,229,338
Vacancy Cost 0
Gross Income 1,229,338
Ground Lease Rent 19,633
Net Operating Income $1,219,705
Pre-Tax Cash Flow $1,219,705
FINANCING DATA
Down Payment $6,290,000
Assumable Loan Amount $10,605,000
Interest Rate Fixed Through 12/28/2028 4.77%
Amortization 30 years, 10-year call
Loan Assumption Fee 1%
Financial Summary
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
INCOME SUMMARY
Gross Income $1,239,338
EXPENSE SUMMARY
Ground Lease Rent $19,633
Gross Expenses $19,633
Net Operating Income $1,219,705
Income & Expenses
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 15The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
TENANT
NAME
UNIT
SIZE (SF)
LEASE
START
LEASE
END
LEASE
START
ANNUAL
RENT
% OF
GLA
PRICE
PER SF/YR
RECOVERY
TYPE COMMENTS
Sam's Club 128,776 10/28/1999 5/31/2026 Current $1,239,338 100.0 $9.62
Totals/Averages 128,776 $1,239,338 $9.62 $0 $0
Rent Roll
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 16The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
4DEMOGRAPHICS
2901 Clairmont RoadAtlanta, GA 30329
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 17
1 MILE 3 MILES 5 MILES
Total population 13,950 109,374 272,554
Median age 32.9 34.3 35.0
Median age (male) 32.9 33.8 34.6
Median age (female) 33.6 34.6 35.6
1 MILE 3 MILES 5 MILES
Total households 5,927 46,479 120,379
Total persons per HH 2.4 2.4 2.3
Average HH income $67,017 $84,697 $94,150
Average house value $354,028 $393,907 $399,170
* Demographic data derived from 2010 US Census
Demographics Report
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 18The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 13,950 109,374 272,554
Median age 32.9 34.3 35.0
Median age (Male) 32.9 33.8 34.6
Median age (Female) 33.6 34.6 35.6
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 5,927 46,479 120,379
# of persons per HH 2.4 2.4 2.3
Average HH income $67,017 $84,697 $94,150
Average house value $354,028 $393,907 $399,170
* Demographic data derived from 2010 US Census
Demographics Map
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 19The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
5 ADVISOR BIOS2901 Clairmont Road
Atlanta, GA 30329
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 20
3300 Holcomb Bridge Rd, Ste 240Peachtree Corners, GA 30092T 404.303.1232 x16johnsonj@svn.comAL #000058515-0GA #155996NC #154777SC #15457TN #00270034VA #0225041781FL #BK3312170
PROFESSIONAL BACKGROUND
John L. Johnson, CCIM, ALC, CPA (not presently practicing), serves as Managing Broker for SVN
Interstate Brokers. With over 35 years of commercial real estate brokerage, accelerated marketing,
ownership, loan and turn-around experience, Johnson has sold properties in 41 states.
Prior to joining SVN, Johnson served as President for Interstate Brokers and Auctions, headquartered in
Atlanta, Georgia. In that capacity, he managed sales for many institutional and other sellers, including
various Federal Agencies under his current contract with GSA, Resolution Trust Corporation (RTC), the
Small Business Administration (SBA), the Federal Deposit Insurance Corporation (FDIC), US Marshals
Service, U.S. Bankruptcy Courts, Bank of America, Wachovia, SunTrust Bank, developers, private and
corporate investors, and many other entities. For the RTC, he pioneered a more focused auction
concept, and also oversaw rehabilitation contractors for the RTC Affordable Housing program.
Interstate was also the exclusive auction source for Prudential Commercial Services on a national
multi-year contract. He was formerly a senior auditor with Peat Marwick Mitchell & Co. and a Captain in
the United States Air Force.
Johnson organized SVN Accelerated Marketing Co., Inc. to be the auction arm of SVN, and served as
President for 5 years. He has managed thousands of accelerated marketing/auction sales, including a
$35,000,000 plus accelerated sale of 22 multifamily properties in Miami, FL. He was also a key
member of the team that successfully auctioned a $31,500,000 residential redevelopment property on
the outskirts of Detroit for the State of Michigan. Johnson’s extensive background as both a real estate
broker and an auctioneer gives him a unique perspective in real estate marketing and sales.
Consistently a leading advisor, Johnson is a five-time recipient of SVN's Partners Circle award, and was
a three time winner of Prudential's Chairman's Circle award. He is consistently in the top 5% of all SVN
advisors internationally. He holds the Certified Commercial Investment Member (CCIM), Accredited
Land Consultant (ALC) and Certified Public Accountant (CPA) designations. He has been a speaker and
instructor, including for continuing education programs for legal and real estate continuing
professional education programs, and has been published in journals and other media. He is a member
of several professional associations.
EDUCATION
M.S. Accounting, Univ of N. D.
M.S. Industrial Management Univ of N. D.
B.S. Accounting, Univ of Tenn.
Pre-doctoral study Georgia State Univ.
MEMBERSHIPS & AFFILIATIONS
CCIM, National Association of Realtors, Realtors Land Institute, Atlanta Commercial Bd of Realtors,
National Auctioneers Association, TurnAround Management Association, International Council of
Shopping Centers.
JOHN JOHNSON, CCIM, ALC
Managing Director
Advisor Bio & Contact 1
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 21The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
3300 Holcomb Bridge Rd, Ste 240Peachtree Corners, GA 30092T 770.682.8552tom.hunter@svn.com
PROFESSIONAL BACKGROUND
Tom Hunter serves as an Associate Broker and Auctioneer for SVN InterstateAuctionCompany, and Interstate Brokers, independently-owned offices of SVN (SVN)based in Atlanta, GA. SVN is a leading commercial real estate brokerage firmwith over 100 offices nationwide.
Over the course of his 30-year commercial brokerage and auctionmanagement career, Hunter has developed and executed high-impact,accelerated marketing programs for all types of commercial real estateassets for banking and investment clients throughout the United States.
Prior to becoming a commercial real estate broker and auctioneer, Hunterserved as a project manager for Bank Earnings International, Inc., (acquiredby Electronic Data Systems, Inc.) and BEI Real Estate Services (acquired byAmresco) where he specialized in the analysis of commercial real estate loanportfolios and real estate asset management for financial institutions.
With an extensive commercial real estate background, Hunter has completednumerous property analysis and feasibility studies, identified potential buyergroups, structured property offerings, and implemented marketing plans ontime, under budget, optimizing results to reach targeted buyers. Hunter’sclient list includes international, regional and local financial institutions,government agencies, and private investors.
Some of the notable auctions Hunter has been involved in include the sale ofa surplus 400-acre psychiatric hospital complex in Livonia, Michigan for theState of Michigan for $31,000,000 and a 22 building, section 8, apartmentportfolio in the Little Havana district of Miami, Florida for $36,000,000.Regardless of the asset size or value, Hunter always endeavors to structurethe offering to achieve a sale for the highest price possible for the client.
Hunter is a member of the Atlanta Commercial Board of Realtors and theNational Auctioneers Association. In addition, he frequently volunteers as anauctioneer for fund raising auctions held by charitable organizations. Hunterearned an MBA with concentrations in Finance and Real Estate from theTerry College of Business at the University of Georgia (1984) and a Bachelorof Science degree (1980) in Psychology.
TOM HUNTER
Senior Advisor
Advisor Bio & Contact 2
SAM'S CLUB, CLAIRMONT RD, ATLANTA, GA | 2901 CLAIRMONT ROAD, ATLANTA, GA 30329 SVN | Interstate Brokers | Page 22The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
3300 Holcomb Bridge Rd, Ste 240Peachtree Corners, GA 30092
404.303.1232 x16www.svniac.com
All SVN® Offices Independently Owned & Operated | 2019 All Right Reserved