8% cap rate 10 year nnn leased industrial investment · road, kennesaw, cobb county, ga. recipient...

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SVN | INTERSTATE BROKERS | 3300 HOLCOMB BRIDGE RD, STE 240, PEACHTREE CORNERS, GA 30092 SALE BROCHURE 8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT 3220 MOON STATION ROAD KENNESAW, GA 30144 Matthew Levin, CCIM Senior Advisor 770.209.1700 [email protected]

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Page 1: 8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT · Road, Kennesaw, Cobb County, GA. Recipient hereby acknowledges and agrees that certain confidential information which has been

SVN | INTERSTATE BROKERS | 3300 HOLCOMB BRIDGE RD, STE 240, PEACHTREE CORNERS, GA 30092 SALE BROCHURE

8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT3220 MOON STATION ROADKENNESAW, GA 30144

Matthew Levin, CCIMSenior [email protected]

Page 2: 8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT · Road, Kennesaw, Cobb County, GA. Recipient hereby acknowledges and agrees that certain confidential information which has been

CONFIDENTIALITY AGREEMENT SVN INTERSTATE BROKERS

FAX TO 770-209-1700 SVN INTERSTATE BROKERS (SVN) has been retained by Owner to represent the offering of its interest in 3220 Moon Station Road, Kennesaw, Cobb County, GA. Recipient hereby acknowledges and agrees that certain confidential information which has been or may be disclosed in the future is intended solely for your own limited use in considering whether to pursue negotiations to acquire the property listed above.

Owner OR SVN nor any of their officers, employees or agents make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto.

Information provided has been or will be gathered from sources that are deemed reliable but Owner or SVN does not warrant or represent that the information is true or correct. Recipient is advised to verify information independently. Owner or SVN reserves the right to change the price, or any information provided or to withdraw the property from the market at any time without notice.

Recipient agrees that the information provided is confidential, that you will hold and treat it in the strictest of confidence, that you will not, directly or indirectly, disclose or permit anyone else to disclose this information to any other person, firm or entity without prior written authorization of Owner or SVN and that you will not use or permit to be used, this information in any fashion or manner detrimental to the interest of the Owner or SVN. Photocopying or other duplication is strictly prohibited.

Recipient agrees not to contact the tenants, leasing brokers or property management staff of the Property in connection with recipient’s review of the Confidential Information.

While Owner and/or SVN may discuss the purchase and sale of the Property with Recipient, either Owner or SVN, in our sole and absolute discretion, may terminate discussions at any time and for any reason. Recipient acknowledges Owner has no obligation to discuss or agree to the sale of any of the Property and neither of us shall be bound by any oral agreement of any kind and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or SVN except to the extent expressly set out in a written agreement signed by both Owner and SVN.

Principal is advised that SVN is acting on behalf of Owner as exclusive agent in connection with the sale of this Property. Should the Principal elect to have representation by a Co-broker, Principal hereby agrees that any fees earned by or owed to Co-broker in connection with this transaction shall be determined solely by SVN. Principal and Co-broker agree to indemnify and hold harmless SVN, Owner, their respective affiliates, successors and assigns, employees, officers and directors against and from any loss, liability or expense, including reasonable attorney’s fees, arising out of any claim or claims by Co-broker, finder or similar agent for commissions, fees or other compensation except as agreed herein, for bringing about any investment in the Property by Principal.

THE OWNER EXPRESSLY RESERVES THE RIGHT AT ITS SOLE DISCRETION TO REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME WITH OR WITHOUT NOTICE.

If you do not wish to pursue negotiations leading to this acquisition, or if in the future you discontinue such negotiations, you agree to return all confidential information to Owner or SVN upon request.

THIS CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THE MEMORANDUM. AGREED and ACCEPTED, this day of , 2019. PRINCIPAL ACKNOWLEDGES HERE THAT NO CO-BROKER SHALL BE INVOLVED IN THIS SALE OF THE PROPERTY. INITIALS

Co-Broker: Principal: Company: Company: Address: Address: Signature: Signature: Name: Name: Title: Title: Mobile: Phone: E-Mail: E-Mail:

Page 3: 8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT · Road, Kennesaw, Cobb County, GA. Recipient hereby acknowledges and agrees that certain confidential information which has been

OFFERING SUMMARY

Sale Price: $1,245,000

Cap Rate: 8.0%

Lease: 10 Years NNN

Lot Size: 6.875 Acres

Building Size: 9,600 SF

Zoning: Heavy Industrial

Market: Kennesaw

PROPERTY OVERVIEWSVN is pleased to offer the opportunity to acquire a 10 year NNN leased industrial investment property in NW Atlanta, leased to the George Schofield Company, dba Stone Center of Georgia. With 11 locations on the East Coast including 3 in metro-Atlanta, the Stone Center is one of the largest retail distributors of natural building stone, cut pattern flooring, fieldstone boulders, water gardening products, concrete pavers, and retaining wall systems.

The fenced and gated property is 9,600 SF +- of office, showroom and warehouse in 2 buildings on 6.875+- acres zoned heavy industrial, and is comprised of two tax parcels: one rectangular, a second irregularly shaped which abuts Heritage Drive for future secondary access. Of the 2 buildings, the first is 3,600 SF+- of office\showroom and shop with 2,400 SF+- office\showroom and 1,200 SF+- shop including shop restroom and 2 drive in doors (12’ x 12’). The office\showroom area has 8 private offices, conference room, reception, breakroom and restrooms. The second building is a 6,000 SF+- warehouse (50’ x 140’), 12’-14’ clear, 4 drive in doors (12’ x 12’) and power only. The two buildings are separated by an outdoor product display area. The site accommodates tractor trailer circulation and loading. The property is on septic for sewer.

In 2018, the property was accepted into the Brownfield Program providing a new owner with no liability for any prior environmental issues. Available upon request is environmental information.

toll lanes on Interstate 75.

PROPERTY HIGHLIGHTS• 10 year NNN lease / 8% cap rate

• Tenant: George Schofield Company, Inc. dba Stone Center of Georgia

• Largest stone supplier on East Coast with 11 locations

• 9,600 SF on 6.875 acres zoned heavy industrial, fenced & gated

• 6,000 SF warehouse plus 3,600 SF office\showroom

• Property accepted in Brownfield Program

• NW Atlanta I-75 location

Property Summary

The location on Moon Station Road in the city of Kennesaw is minutes from the Wade Green Road exit on I-75. The northwest metro Atlanta area will continue to benefit with 30 miles of new express toll lanes on Interstate 75.

8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT | 3220 MOON STATION ROAD , KENNESAW, GA 30144 SVN | Interstate Brokers | Page 2The 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.

Page 4: 8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT · Road, Kennesaw, Cobb County, GA. Recipient hereby acknowledges and agrees that certain confidential information which has been

RENT ROLL

Tenant Sq Ft Term Rent Period Annual Rent Monthly Rent $ Sq Ft Notes

Geo. Schofield Company 9,600 1/1/2019-3/31/2029 1/1/2019-3/31/2019 $-0- Original lease 4/1/2019-3/31/2024 $ 99,600 $8,300 $10.38 “ “

4/1/2024-3/31/2029 $105,600 $8,800 $11.00 “ “

Renewal Option 4/1/2029-3/31/2034 $116,400 $9,700 $12.13 6 months’ notice

Use: Office, showroom, storage, distribution, stone fabrication, retail and wholesale of natural

and manmade stone, other masonry and landscape products and related accessories (lease section #12)

Expenses: Repairs 100% paid by tenant. (lease section #6) Utilities 100% paid by tenant. (lease paragraph #8) Insurance 100% paid by tenant. (lease section #21) Taxes 100% reimbursed by tenant to landlord. Paid monthly with rent based on the current estimate of $850.00 per month. (lease section #22 and 28.B.)

Rent Roll

Page 5: 8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT · Road, Kennesaw, Cobb County, GA. Recipient hereby acknowledges and agrees that certain confidential information which has been

Additional Photos

8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT | 3220 MOON STATION ROAD , KENNESAW, GA 30144 SVN | Interstate Brokers | Page 3The 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.

Page 6: 8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT · Road, Kennesaw, Cobb County, GA. Recipient hereby acknowledges and agrees that certain confidential information which has been

Location Maps

8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT | 3220 MOON STATION ROAD , KENNESAW, GA 30144 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.

Page 7: 8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT · Road, Kennesaw, Cobb County, GA. Recipient hereby acknowledges and agrees that certain confidential information which has been

8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT | 3220 MOON STATION ROAD , KENNESAW, GA 30144 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.

POPULATION 1 MILE 3 MILES 5 MILES

Total population 7,167 66,651 151,086

Median age 31.7 33.0 33.3

Median age (Male) 30.6 31.5 32.1

Median age (Female) 32.6 34.6 34.7

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,563 24,067 55,396

# of persons per HH 2.8 2.8 2.7

Average HH income $74,188 $77,851 $79,266

Average house value $211,553 $214,855 $260,665

* Demographic data derived from 2010 US Census

Demographics Map & Report

Page 8: 8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT · Road, Kennesaw, Cobb County, GA. Recipient hereby acknowledges and agrees that certain confidential information which has been

8% CAP RATE 10 YEAR NNN LEASED INDUSTRIAL INVESTMENT | 3220 MOON STATION ROAD , KENNESAW, GA 30144 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.

GA #119351

MATTHEW LEVIN, CCIM

Senior Advisor

[email protected]: 770.209.1700 | Cell: 678.467.9658

PROFESSIONAL BACKGROUND

Matthew J. Levin, CCIM, serves as a Senior Advisor for SVN, focusing on the sale and leasing of retail, office and industrialproperties. With over 20 years experience in the real estate industry, he has completed over 500 transactions valued at $250million.

Levin is a multi-year recipient of the Partner Circle Award, SVN' highest recognition, and consistently performs in the top tenpercent of advisors nationally.

Prior to joining SVN, Levin served as President of Dekalb Realty Company. Previously, he served as a $250 million Commercial RealEstate Non-Performing Loan Portfolio Manager for the Federal Deposit Insurance Corporation (FDIC).

Levin is a life million dollar club member of the Atlanta Commercial Board of Realtors. He is past chairman of the ScholarshipCommittee of the Georgia Chapter of CCIM and past president of the Georgia State University, Real Estate Alumni Group.

He received his Bachelor of Arts from Emory University and Master of Science degree in Real Estate from Georgia State University.

SVN | INTERSTATE BROKERS3300 Holcomb Bridge Rd, Ste 240

Peachtree Corners, GA 30092404.303.1232

Advisor Bio