Enterprise Rent-A-Car - LoopNet€¦ · Enterprise Rent-A-Car 1105 E Lewis and Clark Parkway,...
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Andrew Greenberg Phone: 646.850.9837 [email protected] www.exp1031.com Price: $995,000 | NOI: $54,700 | CAP: 5.50% Investment Grade Tenant – Standard & Poor’s BBB+ Credit Rating Lease recently extended early Billboard lease to CBS Corp Off-Ramp Location to Highway 65 with 82,665 VPD in Traffic Counts Exceptional Retail Corridor in front of the 800,000sf Green Tree Mall Approximately 160,000 people within 5 Miles Approximately 5 miles from Louisville, KY CBD (30 th largest city in the United States) This information has been obtained from sources deemed reliable, however EXP Realty Advisors does 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. Enterprise Rent-A-Car 1105 E Lewis and Clark Parkway, Clarksville, IN (Louisville, KY) subject property Representative Photo
Transcript of Enterprise Rent-A-Car - LoopNet€¦ · Enterprise Rent-A-Car 1105 E Lewis and Clark Parkway,...
Andrew GreenbergPhone: [email protected]
Price: $995,000 | NOI: $54,700 | CAP: 5.50%
Investment Grade Tenant – Standard & Poor’s BBB+ Credit Rating
Lease recently extended early
Billboard lease to CBS Corp
Off-Ramp Location to Highway 65 with 82,665 VPD in Traffic Counts
Exceptional Retail Corridor in front of the 800,000sf Green Tree Mall
Approximately 160,000 people within 5 Miles
Approximately 5 miles from Louisville, KY CBD (30th largest city in the United States)
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does 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.
Enterprise Rent-A-Car
1105 E Lewis and Clark Parkway, Clarksville, IN (Louisville, KY)
subject property Representative Photo
INVESTMENT OVERVIEW
Whisper Valley Ranch
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does 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.
Whisper Valley Ranch
Property Line Map
Enterprise-Rent-A-Car
Investment Overview
PROPERTY OVERVIEW:EXP Realty Advisors presents for sale a free-standing Enterprise Rent-A-Car located in Clarksville, IN. Enterprise Rent-A-Carsigned a 15 year net lease on 10/01/1997 and is currently in their second option period. There are now approximately sixyears remaining of lease term. In addition, the landlord is collecting $4,000 per year in rent for a billboard which is leasedto CBS Corp. The property is located at the signalized intersection of East Horn Street and Lewis and Clark Parkway (with23,680 VPD in traffic counts), with easy access to Highway 65 (with 82,665 VPD in Traffic Counts). Retailers in the in theimmediate area include Bob Evans, Golden Corral, Steak N’ Shake, Logan’s Roadhouse, Captain D’s, Plato’s Closet, Hooter’s,Burger King, TJ Maxx, Burlington Coat Factory, Shoe Carnival, Dick’s Sporting Goods, Old Time Pottery, Bass Pro Shop,Hancock Fabrics, Dollar General, Dollar Tree, GameStop. Retailers within a 5 to 10 minute drive include Denny’s, Chili’s,Chuck E. Cheese’s, The Home Depot, Goodwill, Hobby Lobby, Applebee’s, Office Depot, Big Lots, Volkswagen, Pep Boys,Red Win, McDonald’s, Kroger, AutoZone, Party City, Walgreens. The nearby Green Tree Mall is anchored by Dillard’s, Sears,and JC Penney, and also includes Texas Roadhouse, GameStop and Victoria’s Secret as tenants.
LOCATION OVERVIEW:Clarksville is a town in Clark County, Indiana, along the Ohio River. The town is home to more than 23,000 people and 600businesses. Located between Jefferson and New Albany, Clarksville is a mix of old historic sites and new shopping,business, and residential areas. Clarksville is part of the Louisville Metropolitan Statistical Area, the 44th largest MSA in thenation, with an estimated population of 1,269,702 as of 2014.
LEASE SUMMARY:Rent Commencement: 10/01/1997Lease Expiration: 09/30/2022Enterprise Rent: $55,200CBS Billboard Rent: $4,000 CBS Corp. – 6 yrs reaming on 10 yr leaseProperty Tax: -$4,500 (landlord’s share)NOI: $54,700Options: Two – 5 Year OptionsOptions Escalations: 3rdst Option at $4,600
4th Option at $5,000Lease Type: Triple Net (landlord is Responsible ½ of the property taxes)
TENANT: Enterprise Rent-A-CarOne of the nation’s leading vehicle rental companies, Enterprise Rent-A-Car currently holds an investment grade BBB+credit rating with a stable outlook according to Standard & Poor’s. Enterprise Holdings reported 2014 sales in excess of$17.8 billion and Enterprise Rent-A-Car has been ranked first in rental car satisfaction 9 out of the last 11 years.
INVESTMENT SUMMARY
Price: $995,000
CAP Rate: 5.20%
NOI: $54,700
Building Size: 2,513 SF
Land Size: 0.11 Acres
Lease Type: Net lease
Whisper Valley Ranch
Property Line Map
Enterprise-Rent-A-Car
Aerial
AERIALThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does 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.
Whisper Valley Ranch
Property Line Map
Enterprise-Rent-A-Car
Aerial
AERIALThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does 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.
Whisper Valley Ranch
Property Line Map
Enterprise-Rent-A-Car
Location Map
LOCATION MAPThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does 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.
DEMOGRAPHIC DATA
Whisper Valley Ranch
Property Line Map
Enterprise Rent-A-Car
Demographic Data
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does 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.
Contact Us
EXP Realty Advisors118 East 28th Street
Suite #901New York, NY 10016
Phone: (212) 972-3947Fax: (212) 686-0078www.exp1031.com
Our Team
Andrew GreenbergDirector of Sales
Phone: 646-850-9837E-mail: [email protected]
Robert JamesPresident
Radius 1 Mile 3 Mile 5 Mile
Population:2020 Projection 5,727 59,957 162,4192015 Estimate 5,575 58,103 157,1102010 Census 5,533 56,559 151,286Growth 2015-2020 2.73% 3.19% 3.38%Growth 2010-2015 0.76% 2.73% 3.85%2015 Population Hispanic Origin 897 3,791 7,070
2015 Population by Race:White 4,724 49,297 118,782Black 565 6,115 31,622Am. Indian & Alaskan 40 299 614Asian 100 765 1,915Hawaiian & Pacific Island 7 33 73Other 138 1,593 4,103U.S. Armed Forces 10 34 62
Households:2020 Projection 2,423 25,468 67,5332015 Estimate 2,357 24,674 65,3022010 Census 2,337 24,000 62,856Growth 2015 - 2020 2.80% 3.22% 3.42%Growth 2010 - 2015 0.86% 2.81% 3.89%Owner Occupied 1,284 15,251 36,370Renter Occupied 1,074 9,423 28,932
2015 Avg Household Income $57,978 $56,916 $54,1382015 Med Household Income $48,550 $46,968 $40,9022015 Households by Household Inc:
<$25,000 589 6,139 20,929$25,000 - $50,000 623 6,925 16,847$50,000 - $75,000 441 5,228 11,871$75,000 - $100,000 394 3,134 7,480$100,000 - $125,000 141 1,815 4,165$125,000 - $150,000 94 800 1,744$150,000 - $200,000 50 319 1,126$200,000+ 23 313 1,140
