ABSOLUTE NNN/ SPECIAL PURPOSE PROPERTY FOR SALE | 1019 ...€¦ · 2016 / 2014 CoStar Power Broker...

NNN LEASED INVESTMENT - COLUMBIA SCABSOLUTE NNN/ SPECIAL PURPOSE PROPERTY FOR SALE | 1019 Broad Stone, Irmo, SC 29063

Exclusively Presented By

SHERRI C. BURRISS

[email protected]

ROI COMMERCIAL, LLC1300 Sumter StreetColumbia, SC 29201

803.900.8020

2ROI Commercial, LLC1300 Sumter Street || Columbia, SC 29201803.900.8020 || roicommercialsc.com

PROPERTY OVERVIEWAbsolute NNN Investment property located in Columbia SC.

PROPERTY HIGHLIGHTS

• 100% Occupied - NNN Single Tenant Investment

• Great Opportunity for Hands-Off Investor

• Multi-site Tenant with 11 locations across the Eastern US and Canada

• Limited Tenant Competition

• Strong Private Equity Investor and Lease Surety Bond

• Long Term Lease with Annual Increases and Options to Renew

• Industrial/Flex Use Building in High Growth Area with Interstate Access

PROPERTY SUMMARY

Sale Price: $7,530,000

Cap Rate: 7.0%

NOI: $527,047

Lot Size: 7.58 Acres

Building Size: 69,993 SF

Ceiling Height: 26.0 FT

Year Built: 2001

Renovated: 2009

Zoning: M-1

EXECUTIVE SUMMARY1019 Broad Stone, Irmo, SC 29063


Ice Skating/Hockey Rink

Ice Skating/Hockey Rink

Ball Pit

Ninja Warrior Obstacle Course

PROPERTY PHOTOS1019 Broad Stone, Irmo, SC 29063


NEIGHBORHOOD MAP1019 Broad Stone, Irmo, SC 29063


POPULATION 1 MILE 5 MILES 10 MILES

TOTAL POPULATION 1,077 35,705 132,344

MEDIAN AGE 41.3 38.0 38.5

MEDIAN AGE (MALE) 41.3 38.1 37.6

MEDIAN AGE (FEMALE) 41.2 38.1 39.4

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

TOTAL HOUSEHOLDS 370 12,609 50,367

# OF PERSONS PER HH 2.9 2.8 2.6

AVERAGE HH INCOME $114,697 $93,410 $82,978

AVERAGE HOUSE VALUE $314,223 $241,857 $199,961

LOCATION / DEMOGRAPHICS1019 Broad Stone, Irmo, SC 29063


INVESTMENT OVERVIEW PLEX INDOOR SPORTS, LLC

Price $7,530,000Price per SF $107.58CAP Rate 7.0%Cash-on-Cash Return (yr 1) 7.0 %Total Return (yr 1) $527,047

OPERATING DATA PLEX INDOOR SPORTS, LLC

Gross Scheduled Income $527,047Other Income $0Total Scheduled Income $527,047Vacancy Cost $0Gross Income $527,047Operating Expenses -Net Operating Income $527,047

FINANCIAL SUMMARY1019 Broad Stone, Irmo, SC 29063

Gross Scheduled Income based on Year 1. 3% annual increases over initial lease term.


INCOME & EXPENSES1019 Broad Stone, Irmo, SC 29063

INCOME SUMMARY PLEX INDOOR SPORTS, LLC PER SF

GROSS INCOME $527,047 $7.53

EXPENSE SUMMARY PLEX INDOOR SPORTS, LLC PER SF

GROSS EXPENSES - -NET OPERATING INCOME $527,047 $7.53

TENANT PROFILE1019 Broad Stone, Irmo, SC 29063


Flight Fit N Fun, LLC (Headquarters-Sterling, Va)

The Flight family of multi-attraction parks currently consists of 11 locations in six states in the United States as well asthe province of Quebec, Canada. Its parks focus on fun, family entertainment, and fitness activities directed at the GenZ market while maintaining a strong focus on safety. The Company recently completed acquisitions of 8 locationsacross New York, California and Canada. Its senior management team brings 150+ years of experience across multiplesectors to include multi-million dollar international/publicly traded and private equity backed companies. Flight'sstrategy includes growth through acquisition and de novo builds across North America, with a particular focus on theEast Coast. Flight is backed by Summit Partners, a Boston-based private equity firm with $9.5B in capital undermanagement.

Flight Fit N Fun, LLC recently acquired Plex HiWire Family Fun & Sports Center with locations in Irmo, Columbia/Sandhill,Charleston and Jacksonville, Florida.

Plex HiWire in Irmo has undergone recent renovations and provides an array of unique amusement activities gearedtoward all age groups. Listed below are the main activities offered as described on the company website:

HIWIRE TRAMPOLINE PARKJump around on one of the largest trampoline fields in America with over 12,000 square feet of connected, world-classtrampolines in a 30,000 square foot facility. The Plex HiWire trampoline field features over 60 trampolines, includingangled wall trampolines, launching decks and a few surprises up in the ceiling to test your vertical.

ICE SKATING RINKPlex HiWire in Irmo is the Midlands only place to enjoy the ice all year round. During public ice skating times, come outand work on your triple salchow, breakaways, or just come out and ice skate with your special someone. The weeklypublic ice skating schedule varies due to scheduled ice hockey games and figure skating practices.

GAME ARCADEPlay interactive games at the Game Arcade. Earn tickets and redeem for prizes


1300 Sumter StreetColumbia, SC 29201

T 803.900.8017C [email protected]

PrincipalSHERRI C. BURRISS Professional Background

Areas of Specialization

Franchisee/Tenant RepresentationShopping Center Leasing & SalesOffice Leasing & SalesSite SelectionDevelopmental Land SalesInvestment Sales and 1031 Exchange

Professional Background

Sherri Burriss recently co-founded ROI Commercial, LLC after spending almost 10 years at Newmark Grubb Wilson Kibler. She primarilyspecializes in the sales and leasing of shopping centers, retail and office buildings/land. She has an array of experience working withLandlords, Investment Buyers, Tenants and Business Owners. Her specialties include: Franchisee/Tenant Representation, ShoppingCenter Leasing/Sales, Office Leasing/Sales, Site Selection, Land Development, and Investment Sales. With her previous experience in thepublic sector assisting state and local governments, Sherri’s strategic planning background and problem solving skills provide an excellentresource for clients looking to align their overall business objectives with their real estate needs.

Memberships & AffiliationsMrs. Burriss’ extensive roster of memberships and honors include:

International Council of Shopping Centers (ICSC)Greater Columbia Chamber of CommerceGreater Lexington Chamber of Commerce2016 / 2014 CoStar Power Broker Award winner for Top Retail Leasing Broker in Columbia MarketCCIM Candidate (Certified Commercial Investment Member)South Carolina Governor’s School of Arts & Humanities - Board of DirectorsMission Lexington - Board MemberMember of Radius Church, Lexington, South Carolina

EducationMrs. Burriss graduated from Erskine College, Due West, South Carolina with a BS in Business Administration/Psychology. She alsoreceived a Master’s in Public Administration from the University of South Carolina

BROKERAGE ADVISOR1019 Broad Stone, Irmo, SC 29063

ABSOLUTE NNN/ SPECIAL PURPOSE PROPERTY FOR SALE | 1019 ...€¦ · 2016 / 2014 CoStar Power Broker...

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