131 E MAIN BLVD - LoopNet...805.541.5464 [email protected] CalDRE #01932713. PROPERTY INFORMATION 3...

SVN | KING PROPERTIES | 890 MONTEREY ST., SUITE I, SAN LUIS OBISPO, CA 93401 OFFERING MEMORANDUM

131 E MAIN BLVDCHURCH HILL, TN 37642

Kevin King BRE#01932713Managing [email protected] #01932713

PROPERTY INFORMATION 3Property SummaryAdditional Photos

LOCATION INFORMATION 6Regional MapLocation MapsAerial MapAdditional Photos

FINANCIAL ANALYSIS 11Financial SummaryIncome & ExpensesRent Roll

DEMOGRAPHICS 15Demographics ReportDemographics Map

ADVISOR BIOS 18Advisor Bio & Contact 1

OFFERING MEMORANDUM| 131 E MAIN BLVD, CHURCH HILL, TN 37642

1 PROPERTYINFORMATION

131 E Main BlvdChurch Hill, TN 37642

131 E MAIN BLVD CHURCH HILL, TN 37642 SVN | King Properties |

OFFERING SUMMARY

Sale Price: $565,000

Cap Rate: 7.64%

NOI: $43,170

Lot Size: 0.95 Acres

Year Built: 1960

Building Size: 5,143 SF

Price / SF: $109.86

The property is a 4,914 square foot, one story, single tenant U.S. Postal Facility that provides a solid long term investmentwith a stable high credit tenant. Great investment leased by the USPS, huge parking lot and parcel has plenty of room forexpansion if ever needed. Taxes, utilities, and interior maintenance are USPS's responsibility. The property is leasedthrough February 1, 2020 and USPS has executed a 5-year renewal option that extends through May 31, 2025.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• USPS Leased Facility - High Return

• High Level Post Office (Level 20) 12 Routes and 1,300 PO Rental Boxes

• One story brick/block building. Interior recently painted.

• Good stable city, population, and location, great demographics for very long term duration for USPS.

• Based on financing available deal provides an 11.37% cash on cash return and a handsome IRR of 23.77%.

Property Summary

131 E MAIN BLVD CHURCH HILL, TN 37642 SVN | King Properties | All SVN® offices are independently owned and operated.


Additional Photos

2 LOCATIONINFORMATION




Regional Map


Location Maps


Aerial Map


Additional Photos

3 FINANCIALANALYSIS




INVESTMENT OVERVIEW

Price $565,000Price per SF $109.86CAP Rate 7.6%Cash-on-Cash Return (yr 1) 11.37 %Total Return (yr 1) 23.71%Debt Coverage Ratio 1.42

OPERATING DATA

Gross Scheduled Income $46,880Other Income -Total Scheduled Income $46,880Vacancy Cost $46,880Gross Income -Operating Expenses $3,710Net Operating Income $43,170Pre-Tax Cash Flow $12,848

FINANCING DATA

Down Payment $113,300Loan Amount $452,000Debt Service $30,322Debt Service Monthly $2,527Principal Reduction (yr 1) $6,247

Financial Summary


EXPENSE SUMMARY PER SF

Maintenance and Reserves $2,457 $0.48Insurance $1,253 $0.24

Gross Expenses $3,710 $0.72

Income & Expenses


TENANTNAME

UNITSIZE (SF)

LEASESTART

LEASEEND

LEASESTART

ANNUALRENT

% OFGLA

U.S. Postal Servic 4,914 2/1/15 1/31/25 Current $46,880 95.55

Totals/Averages 4,914 $46,880

Rent Roll

4DEMOGRAPHICS




1 MILE 5 MILES 10 MILES

Total population 1,769 16,706 61,792

Median age 44.3 42.1 42.0

Median age (male) 45.1 41.8 41.0

Median age (female) 42.7 42.3 42.8

Total households 836 7,216 26,572

Total persons per HH 2.1 2.3 2.3

Average HH income $47,171 $50,826 $51,190

Average house value $109,584 $109,059 $147,988

* Demographic data derived from 2010 US Census

Demographics Report


POPULATION 1 MILE 5 MILES 10 MILES

Total population 1,769 16,706 61,792

Median age 44.3 42.1 42.0

Median age (male) 45.1 41.8 41.0

Median age (Female) 42.7 42.3 42.8

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 836 7,216 26,572

# of persons per HH 2.1 2.3 2.3

Average HH income $47,171 $50,826 $51,190

Average house value $109,584 $109,059 $147,988

* Demographic data derived from 2010 US Census

Demographics Map

5 ADVISOR BIOS131 E Main Blvd

Church Hill, TN 37642


890 Monterey St.Suite ISan Luis Obispo, CA 93401T 805.541.5464C [email protected] #01932713WA #12951

PROFESSIONAL BACKGROUND

Kevin King serves as a Managing Director and Senior Advisor for SVN/KIng Properties specializing in the sale ofmultifamily and retail properties in the San Luis Obispo County and northern Santa Barbara County, California areas, inaddition to Single Tenant Net Leased Properties and U.S. Post Office leased buildings nationwide. With more than 27years of real estate experience, King has secured more than 800 transactions resulting in a career sales volume inexcess of $1 Billion. Since affiliating with SVN in 2003 King has consistently finished yearly as one of the Top 20 Advisorsout of approximately 1,600 highly experienced commercial brokers nationwide.

Prior to joining SVN, King served as president of his own commercial real estate company. King focuses primarily onmultifamily,net leased properties, and buildings leased by the US Postal Service. He has been involved with a majority ofthe multifamily transactions in the mid to large size range in the San Luis Obispo area.

King is an active member of the commercial real estate community as a member of the International Council ofShopping Centers, Association of United States Postal Lessors, National Association of Realtors, California Association ofRealtors, San Luis Obispo Association of Realtors, and the Central Coast Regional Multiple Listing Service.

He received a Bachelor of Science Degree in Business Communications from Eastern Washington University, Cheney,WA.

KEVIN KING BRE#01932713

Managing Director


Advisor Bio & Contact 1

131 E MAIN BLVD - LoopNet...805.541.5464 [email protected] CalDRE #01932713. PROPERTY INFORMATION 3...

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