christian brothers - billings, mt

BILLINGS, MT

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CHRISTIAN BROTHERS AUTOMOTIVE - BILLINGS

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

CBAC - Billings

Lease summary

Lease Term 15 Years

Lease Commencement At Close of Escrow

Lease Expiration 15 Years from COE

Remaining Term 15 Years

Lease Type NNN

Roof & Structure Tenant

Increases 1.5% Starting in Yr 6

Options 5 x 10 Year

Options to Purchase No

Offering summary

Price $2,665,000

Cap Rate 6.25%

Net Operating Income $166,680

Year Built 2015

Gross Leasable Area 5,069 SF

Lot Size 1.00 AcresRepresentative Photo

annualized Operating data

Primary Term Annual Increase

Yrs 1-5: $166,680 -

Yr 6: $169,180 1.50%

Yr 7: $171,717 1.50%

Yr 8: $174,293 1.50%

Yr 9: $176,908 1.50%

Yr 10: $179,561 1.50%

Yr 11: $182,255 1.50%

Yr 12: $184,988 1.50%

Yr 13: $187,763 1.50%

Yr 14: $190,580 1.50%

Yr 15: $193,438 1.50%

Net OperatiNg iNcOme $166,680

1525 Zimmerman TrailBillings, MT 59102

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TENANT & LEASE INFORMATION

Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service. In 2008, Christian Brothers announced a growth initiative that would take their brand to approximately 200 stores throughout the southeast, lower midwest and southwest United States by 2017.

tenant summary

Tenant Christian Brothers Automotive

Ownership Private

Market Cap See Agent For Details

Sales Volume See Agent For Details

Number of Locations 125+

Years In Business 30+ Years

Headquarters Houston, TX

Website www.cbac.com

nOtes: (1) Property will be available to close escrow on or after 3/28/2016.

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INVESTMENT HIGHLIGHTS

• Long-Term Absolute Triple-Net Lease

• Zero Landlord Responsibility

• 15-Year Primary Term with Options up to 65 Years

• One and One-Half Percent Annual Rent Escalations

• Strong Corporate Guarantee

• Average Household Income Within a 3-Mile Radius is Above the National Average

• Traffic Counts Along Grand Avenue Are Over 15,000 Vehicles Per Day

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5This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

CHRISTIAN BROTHERS AUTOMOTIVE - BILLINGSELEVATION

Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location.

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CHRISTIAN BROTHERS AUTOMOTIVE - BILLINGSSITE PLAN

Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location.

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CHRISTIAN BROTHERS AUTOMOTIVE - BILLINGSAERIAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE - BILLINGSLOCAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE - BILLINGSREGIONAL MAP

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CHRISTIAN BROTHERS AUTOMOTIVE - BILLINGSMARKET SUMMARY

BILLINGS, MT

Billings is the largest city in the state of Montana. Billings has avoided the economic downturn that affected most of the nation 2008–2012 as well as avoiding the housing bust. With the Bakken oil play in eastern Montana and western North Dakota, the largest oil discovery in U.S. history, as well as the Heath shale oil play just north of Billings, the city’s already rapid growth rate is escalating.

Billings was nicknamed the Magic City because of its rapid growth from its founding as a railroad town in March 1882. The city is named for Frederick H. Billings, a former president of the Northern Pacific Railroad. With one of the largest trade areas in the United States, Billings is the trade and distribution center for most of Montana, Northern Wyoming, and western portions of North Dakota and South Dakota. Billings is also the retail destination for much of the same area. With more hotel accommodations than any area within a five-state region, the city hosts a variety of conventions, concerts, sporting events, and other rallies.

The Billings trade area serves over a half million people. A major trade and distribution center, the city is home to many regional headquarters and corporate headquarters. With Montana having no sales tax, Billings is a retail destination for much of Wyoming, North and South Dakota as well as most of Montana. $1 out of every $7 spent on retail purchases in Montana is being spent in Billings. The percentage of wholesale business transactions done in Billings is even stronger, Billings accounts for more than a quarter of the wholesale business for the entire state, these figures do not include Billings portion of sales for Wyoming and the Dakotas. Billings is an energy center; Billings sits amidst the largest coal reserves in the United States as well as large oil and natural gas fields.

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CHRISTIAN BROTHERS AUTOMOTIVE - BILLINGSDEMOGRAPHIC SUMMARY

pOpulatiON

HOuseHOlds

iNcOme

race aNd etHNicity

HOusiNg

emplOymeNt

Geography: 5 miles

In the identified area, the current year population is 88,009. The rate of change since 2000 was 0.88% annually. The five-year projection for the population in the area is 92,486 representing a change of 1.00% annually from 2015 to 2020. Currently, the population is 48.3% male and 51.7% female. The median age in this area is 47.4, compared to the U.S. median agoe of 37.9.

There are currently 36,142 households in your selected georgraphy. The number of households has changed by 1.04% annually since 2010. It is estimated that the number of households in your area will be 40,222 five years from now, which represents a change of 1.06% annually from the current year. The average household size in your area is 2.24 persons.

In 2015, the median household income for your selected georgraphy is $50,068, compare this to the Entire U.S. average, which is currently $53,217. It is estimated that the median household income in your area will be $56,046 five years from now, which represents a change of 10.66% from the current year.

The current year per capita income in your area is $29,538, compare this to the Entire U.S. average, which is $28,597. The current year average household income in your area is $68,153, compare this to the Entire U.S. average, which is $74,699.

The current year racial makeup of your selected area is as follows: 88.6% White, 1.1% Black, 4.4% Native American and 0.9% Asian/Pacific Islander. Compare these to the Entire U.S. Averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 6.0% of the current year population in your selected area. Compare this to the Entire U.S. average of 17.6%.

In 2015, there were 22,988 owner occupied housing units in your area and there were 15,174 renter occupied housing units in your area. Median home value in the area is $223,964.

In 2015, there are 48,007 employees in your selected area, this is also known as the daytime population. Currently, 59.9% of employees are employed in white-collar occupations in this geography, and 19.9% are employed in blue-collar occupations. In 2015, unemployment in this area is 3.6%.

Demographic data © 2015 esri

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CHRISTIAN BROTHERS AUTOMOTIVE - BILLINGSDEMOGRAPHIC STATISTICS

traffic cOunts

incOme 1 mile 3 miles 5 miles

$ 0 - $14,999 7.1% 8.9% 12.1%

$ 15,000 - $24,999 7.4% 10.5% 12.5%

$ 25,000 - $34,999 8.9% 9.6% 10.2%

$ 35,000 - $49,999 12.5% 13.7% 15.1%

$ 50,000 - $74,999 25.0% 23.5% 20.7%

$ 75,000 - $99,999 14.2% 12.5% 11.3%

$100,000 - $149,999 16.6% 13.1% 10.9%

$150,000 - $199,999 4.9% 3.3% 3.0%

$200,000 + 3.4% 4.9% 4.2%

2015 Median Household Income $61,316 $55,538 $50,068

2015 Per Capita Income $34,132 $32,391 $29,538

2015 Average Household Income $77,709 $74,869 $68,153

pOpulatiOn 1 mile 3 miles 5 miles

2000 Population 7,860 45,353 76,492

2010 Population 8,874 49,796 84,035

2015 Population 9,082 51,842 88,009

2020 Population 9,472 54,464 92,486

HOuseHOlds 1 mile 3 miles 5 miles

2000 Households 3,165 18,809 32,531

2010 Households 3,801 21,335 36,142

2015 Households 3,947 22,440 38,161

2020 Households 4,134 23,654 40,222

2015 Average Household Size 2.22 2.25 2.24

2000 Owner Occupied Housing Units 2,283 13,665 21,027

2000 Renter Occupied Housing Units 883 5,144 11,504

2000 Vacant 73 580 1,537


2015 Renter Occupied Housing Units 1,392 7,670 15,174

2015 Vacant 187 1,080 2,095


2020 Renter Occupied Housing Units 1,473 8,143 15,991

2020 Vacant 183 1,064 2,083

15,820

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

exclusively listed

469.844.8880 | VITORINOGROUP.COM

christian brothers - billings, mt

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