10 property investment portfolio including 6 c … · 2019. 5. 14. · portfolio including 6...
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SVN | WILSON COMMERCIAL GROUP, LLC | EASTON TOWN CENTER, 4200 REGENT STREET, SUITE 200, COLUMBUS , OH 43219 OFFERING MEMORANDUM
10 PROPERTYINVESTMENTPORTFOLIOINCLUDING 6C-STORES INYOUNGSTOWN, OHCONFIDENTIAL LISTINGYOUNGSTOWN, OH
Doug WilsonManaging [email protected]
Kristen AsmanSenior [email protected]
Nail DawaherSenior [email protected]
Advisor Bio & Contact 1Advisor Bio & Contact 2Advisor Bio & Contact 3Back Page
PROPERTY INFORMATION 3Property SummaryProperty DescriptionRetail Center 2000 Canfield RoadSami Quick Stop 3822 Market StreetSami Quick Stop 2115 E. Midlothian BlvdSami Quick Stop- 5188 Youngstown – PolandDunkin Donuts 412 Youngstown Poland RoadSami Quick Stop 3067 Center RdSamii Quick Stop 2141 E. Western ReserveSami's Quick Stop 230 State StreetLand Parcel Western ReserveLand Parcel South Avenue
LOCATION INFORMATION 16Portfolio Map
ADDITIONAL INFORMATION 18Intersection Renderings for 2141 E. Western ReserveAdditional Photos
DEMOGRAPHICS 21Demographics ReportDemographics Map
ADVISOR BIOS 24
OFFERING MEMORANDUM10 PROPERTY INVESTMENT PORTFOLIO, YOUNGSTOWN, OH
1 PROPERTYINFORMATION
10 Property Investment PortfolioYoungstown, OH
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 3
OFFERING SUMMARY
Sale Price: $9,800,000
Cap Rate: 6.18%
NOI: $605,500
Lot Size: N/A
Building Size: N/A
Zoning: Commercial
Market: Mahoning
County,(Northeast
Ohio)
Sub-Market: Youngstown, Ohio
Price / SF: N/A
THIS IS A CONFIDENTIAL OFFERING. OPERATORS AND EMPLOYEES AT THESE PROPERTIES DO NOT KNOWTHESE PROPERTIES ARE FOR SALE. PLEASE DO NOT ENGAGE ANYONE ON THE PREMISES ATTHE SUBJECT BUSINESSES AND LOCATIONS.
SVN Wilson Commercial is pleased to offer this 10 property investment portfolio. It is a rare offering and should not be overlooked: 6C-Stores, 1 Dunkin' Donuts, 2 land parcels, and a 7,500 SF Retail Strip Center make up this fantastic portfolio. This is a multigenerational family portfolio that is offered for sale as a part of that family's estate planning. The Youngstown Ohio community isexperiencing significant economic revival. As a major manufacturing area, the workforce demographics make this investmentportfolio a long term and stable opportunity. Tenant lease review indicates in most cases long term payment histories, as well assubstantial term extensions/renewals now in place. Upon Buyer signing the property Confidentiality Agreement, sale and leaseabstracts are immediately available.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• A highly sought after product by national market investors
• Excellent locations
• Established Operations with increased rents will create market interest
Property Summary
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | 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.
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | 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.
This 10 property investment portfolio is a rare offering and should not be overlooked. 6 C-Stores, 1
Dunkin' Donuts, 2 land parcels, and a 7,500 SF Retail Strip Center make up this fantastic portfolio.
The locations in this portfolio are established operations with long lease histories and favorable
remaining terms. Property conditions are good to very good.
Address: Price: Cap Rate:
3822 Market Street $900,000.00 8.30%
5188 Youngstown – Poland $550,000.00 8.80%
230 State Street $260,000.00 6.92%
3067 Center Rd $770,000.00 7.01%
2000 Canfield Road $791,000.00 8.22%
412 Youngstown Poland Road $1,380,000.00 5.00%
2115 E. Midlothian Blvd $1,950,000.00 5.85%
2141 E. Western Reserve $1,950,000.00 5.85%
Western Reserve $275,000.00 N/A
South Avenue $774,000.00 N/A
PROPERTY OVERVIEW
Exposure, access, and strong traffic counts found at most locations. Includes a Retail Strip Center
of approximately 7,500 SF. One site in Western Reserve has 1 acre parcel adjacent for sale by this
owner. One site is in Opportunity Zone. Many are located at “hard” corners.
LOCATION OVERVIEW
Property Description
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | 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.
Retail Center2000 Canfield Road
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 7The 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.
Sami Quick Stop3822 Market Street
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 8The 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.
Sami Quick Stop2115 E. Midlothian Blvd
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 9The 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.
Sami Quick Stop5188 Youngstown – Poland
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 10The 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.
Dunkin' Donuts412 Youngstown Poland Road
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 11The 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.
Sami Quick Stop3067 Center Rd
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 12The 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.
Sami Quick Stop2141 E. Western Reserve
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 13The 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.
Save A Step230 State Street
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 14The 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.
Land ParcelWestern Reserve
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 15The 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.
Land ParcelSouth Avenue
2 LOCATIONINFORMATION
10 Property Investment PortfolioYoungstown, OH
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 16
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 17The 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.
Portfolio Map
3 ADDITIONALINFORMATION
10 Property Investment PortfolioYoungstown, OH
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 18
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 19The 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.
Intersection Renderings For2141 E. Western Reserve
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 20The 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.
Additional Photos
4DEMOGRAPHICS
10 Property Investment PortfolioYoungstown, OH
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 21
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 22The 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.
1 MILE 3 MILES 5 MILES
Total population 6,721 71,437 153,168
Median age 45.9 42.0 41.1
Median age (male) 42.5 38.4 38.2
Median age (female) 47.6 44.4 43.5
Total households 2,928 30,896 65,596
Total persons per HH 2.3 2.3 2.3
Average HH income $55,449 $48,189 $46,821
Average house value $128,947 $106,599 $101,552
* Demographic data derived from 2010 US Census
Demographics Report
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 23The 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 6,721 71,437 153,168
Median age 45.9 42.0 41.1
Median age (Male) 42.5 38.4 38.2
Median age (Female) 47.6 44.4 43.5
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 2,928 30,896 65,596
# of persons per HH 2.3 2.3 2.3
Average HH income $55,449 $48,189 $46,821
Average house value $128,947 $106,599 $101,552
* Demographic data derived from 2010 US Census
Demographics Map
5 ADVISOR BIOS10 Property Investment Portfolio
Youngstown, OH
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 24
Easton Town Center, 4200 Regent Street, Suite 200Columbus , OH 43219T 614.370.9077C [email protected]
PROFESSIONAL BACKGROUND
Kristen Wilson-Asman is a Licensed Real Estate Agent and a Senior Real Estate Advisor with SVN. She received herBachelors of Science Degree in Accounting from Miami University of Ohio. After graduation, Ms. Asman worked as anAuditor for Deloitte and Touche in Cincinnati, OH.
Ms. Asman began her real estate career with Matthews Click Bauman in Columbus, Ohio and later worked at McKinneyProperties in Pittsburgh, Pennsylvania. She then worked at Horizons Real Estate as a Regional Property Manager andDeveloper before joining SVN in 2003. Ms. Asman has worked in Sales and Leasing of all Real Property Types butspecializes in investment sales with the National Self Storage Team.
Kristen Asman is a member of the SVN National Self Storage Team, the National Self Storage Association, and serves onthe Board of Trustees at the state level for the Self Storage Association.
Ms. Asman lives with her family in the Columbus, Ohio area and oversees development of the Mid-America Region forthe SVN National Self Storage Team.
EDUCATION
Bacheor of Science, Accountancy, Miami UniversityHondros School of Real Estate
MEMBERSHIPS & AFFILIATIONS
SVN National Self Storage TeamNational Self Storage Association
KRISTEN ASMAN
Senior Advisor
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 25The 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.
Advisor Bio & Contact 1
Easton Town Center, 4200 Regent Street, Suite 200Columbus , OH 43219T 614.206.3881C [email protected] #0000350178
PROFESSIONAL BACKGROUND
Doug Wilson is Managing Director of SVN Wilson Commercial Group, LLC, and a 30 year veteran in Commercial RealEstate. SVN WCG is one of the oldest offices of SVN, established in 2004. His experience includes investment sales,leasing, and property management. Doug is a three-time Partner Circle Award Winner, this is the highest award SVNgives to its agents. Prior to joining Sperry Van Ness, Doug served as Vice President of Brokerage Services at HorizonsReal Estate Group where he was instrumental in the expansion of the company's private and institutional client base.Previously, he worked as the Ohio Regional Manager for Marcus & Millichap where he was involved in the ramp-up andsupervision of the Columbus and Cincinnati offices, comprising 17 agents and approximately $100 million of privatelyowned client brokerage listing portfolios. In addition, Doug has also served as senior marketing manager for CBRE,specializing in the sale and leasing of commercial properties owned by institutional clients including: insurancecompanies, pension funds and bank REO departments. Doug is a member of Columbus Commercial, Industrial andInvestment Realtors, Columbus Board of Realtors, Ohio Association of Realtors, and National Association of Realtors.Additional awards include, SVN Team Player; SVN Innovator of he year, and Top Ten Commercial Producer, Central Ohio.
Email: [email protected]: 614-206-3881
EDUCATION
Bachelor's of Arts (Economics), The Ohio State UniversityMBA, Global Management, Arizona State Graduate School of International Management.
DOUG WILSON
Managing Director
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 26The 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.
Advisor Bio & Contact 2
Easton Town Center, 4200 Regent Street, Suite 200Columbus , OH 43219T [email protected]
PROFESSIONAL BACKGROUND
Nail Dawaher serves as a senior advisor for SVN/Horizons, LLC, specializing in the sale of hotel, motel and mobile homeparks in the Northeast region of the United States and more specifically, Columbus, Ohio. With years of commercial realestate experience, Dawaher has secured many transactions and has created lasting relationships with his clients.
Prior to joining SVN, Dawaher served as an advisor for Marcus & Millichap in Columbus, Ohio where he also specialized inthe sale of hospitality properties. Dawaher earned a Ph.D in Hospitality Management, from Chelsea University in London,England.
"Hotel/Motel business is not real estate land and building only. It is not building square feet or land acreage, it is abusiness. Hotel/motel is a business that needs people who have knowledge about it.
Business needs work and you must know what you are doing. You must make a profit. You are not in the Hotel businessto make only payment and in the end of 20 years you pay off your loan and you net $2 Million in 20 years. It is good insome way, but you are in the Hotel business to make a profit. To being your down payment back in 3-4 years, then youcan grow again and again.
To start in Hotel business, you must have knowledge about it. What is your down payment? What are your expenses?What is your net? Your expenses must be 60% from the gross income. Your payment and your net ash must be 40%.30% of your payment is your profit.
For any Hotel, you must have employees. Let those people work like a team and let them know you believe in them andwhat they are doing. The only way you can grow is by talking a dist and to have imagination because imagination ismore important that knowledge. Imagination lets you see the future.
Don?t hesitate take a chance. Trust your employees. If you lose their trust, it is impossible to get it back. To grow, letyour people grow with you. Always stay on the positive side. Have courage all the time. Create negatives to positives.Use words like outstanding, wonderful, excellent, and great.
Finally share your wealth and your wealth will grow."
NAIL DAWAHER
Senior Advisor
10 PROPERTY INVESTMENT PORTFOLIO YOUNGSTOWN, OH SVN | Wilson Commercial Group, LLC | Page 27The 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.
Advisor Bio & Contact 3
Easton Town Center, 4200 Regent Street, Suite 200Columbus , OH 43219
614.206.3881www.svnwilson.com
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