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The Kase Group

REPRESENTATIVE PHOTO

MOBIL 1 LUBE EXPRESS PORTFOLIO OFFERING MEMORANDUM

OFFERING MEMORANDUM Presented By: KASE ABUSHARKH | FOUNDING PRINCIPAL T: 925.348.1844 E: [email protected] BRE#01311211

JACOB ABUSHARKH | MANAGING PRINCIPALT: 415.269.2474 E: [email protected] BRE#01385529

WWW.THEKASEGROUP.COM | BROKER OPINION OF VALUE

The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of Sperry Van Ness or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is the Sperry Van Ness Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to Sperry Van Ness.

Neither the Sperry Van Ness Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by Sperry Van Ness with respect to the projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such es mates will be achieved. Further, the Sperry Van Ness Advisor and the Owner disclaim any and all liability for representations or warranties, ex- pressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

DISCLAIMER & CONFIDENTIALITY

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the Sperry Van Ness Advisor, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any me with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and un l the Owner executes and delivers a signed Real Estate Purchase Agreement on terms accept- able to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the Sperry Van Ness Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.


4 INVESTMENT OVERVIEW

5 PORTFOLIO PRICING

6 PORTFOLIO MAP

7 TENANT OVERVIEW

8 MOBIL 1 LUBE EXPRESS - LAPEER, MI

13 MOBIL 1 LUBE EXPRESS - ROYAL OAK, MI

18 MOBIL 1 LUBE EXPRESS - STERLING HEIGHTS, MI

23 MOBIL 1 LUBE EXPRESS - FENTON RD., FLINT, MI

33 MOBIL 1 LUBE EXPRESS - HOUGHTON LAKE, MI

38 MOBIL 1 LUBE EXPRESS - OWOSSO, MI

TABLE OF CONTENTS

WWW.THEKASEGROUP.COM | BROKER OPINION OF VALUE | 4

INVESTMENT HIGHLIGHTSThe properties are subject to an absolute NNN lease structure. The Mobil 1 Lube Express, are located in thriving markets across Michigan. The properties are subject to a long term absolute nnn lease with 17 years remaining on the initial term. The lease structure calls for zero landlord obligations and annual increases. The leases also have a personal guarantee from the principal of the company. This is an excellent investment opportunity for a passive investor.

LONG TERM ABSOLUTE NNN LEASE STRUCTURE

17 YEARS REMAINING ON INITIAL TERM

100% FEE SIMPLE INTEREST

ZERO LANDLORD OBLIGATIONS

SCHEDULED INCREASES IN RENT

PERSONAL GUARANTY FROM PRINCIPAL OF COMPANY

STRONG STORES SALES

INVESTMENT OVERVIEW

LOCATIONS

260 S MAIN STREET, LAPEER, MI

3320 ROCHESTER ROAD, ROYAL OAK, MI

33032 DEQUINDRE ROAD, STERLING HEIGHTS, MI

4627 FENTON ROAD, FLINT, MI

2525 WEST HILL ROAD, FLINT, MI

3044 W HOUGHTON LAKE DRIVE, HOUGHTON LAKE, MI

301 EAST MAIN STREET, OWOSSO, MI


PORTFOLIO PRICING

PORTFOLIO SUMMARY

TENANT NAME MOBIL 1 LUBE EXPRESS

LEASE TYPE ABSOLUTE NNN

LEASE TERM 17 YEARS

TOTAL NOI $227,100

TOTAL STORE SALES $1,442,384

MOBIL 1 LUBE EXPRESS

ABSOLUTE NNN LEASE STRUCTURE

OFFERING MEMORANDUMASK PRICE CAP RATE

$3,244,286 7.00%

PORTFOLIO PRICING

LOCATION ASK PRICE CAP RATE

LAPEER, MI $354,143 7.00%

ROYAL OAK, MI $610,600 7.00%

STERLING HEIGHTS, MI $549,543 7.00%

FENTON RD, FLINT, MI $465,114 7.00%

W. HILL RD, FLINT, MI $576,800 7.00%

HOUGHTON LAKE, MI $262,029 7.00%

OWOSSO, MI $426,057 7.00%

INDIVIDUAL UNIT PRICING


PORTFOLIO MAP


TENANT OVERVIEW

MOBIL 1 LUBE EXPRESS

Since its founding in 2003, Mobil 1 Lube Express has become a very popular quick lube oil change network for thousands of drivers. Mobil 1 Lube Express locations receive unique brand treatment with eye-catching visuals to help attract new customers, and have attractive promotions, sales tools and technician training programs.

Mobil 1 is a brand many potential customers already know and trust. The exceptional performance offered by ExxonMobil’s full line of high-quality lubricants – from Mobil Super™, Mobil Super™ High Mileage and Mobil Super™ Synthetic premium oils, to our line of Mobil 1 and Mobil 1™ Extended Performance synthetic motor oils – is the heart of the Mobil 1 Lube Express program.


PROPERTY OVERVIEW

LOCATION SUMMARY


BUILDING SF 1,593

LAND SF 13,790

YEAR BUILT 1986

LEASE TERM 17 YEARS

ANNUAL RENT $24,790

RENT TO SALES RATIO 9.4%

INCREASES EVERY 5 YEARS, LESSER OF 7% OR 1.25X 5 YEAR CPI

MOBIL 1 LUBE EXPRESS | ABSOLUTE NNN LEASE 260 S MAIN STREET, LAPEER, MI

INVESTMENT HIGHLIGHTS

LONG TERM ABSOLUTE NNN LEASE




JUST OFF OF INTERSTATE 69

HEAVILY TRAFFICKED LOCATION - 27,900 VPD


LOCATION AERIALMOBIL 1 LUBE EXPRESS



3 MILES 5 MILES 10 MILES

TOTAL POPULATION 15,964 23,532 59,585

NUMBER OF HOUSEHOLDS 6,161 8,977 22,578

AVERAGE HOUSEHOLD INCOME $53,339 $62,199 $69,613

AVERAGE AGE 40.60 41.30 41.80

DEMOGRAPHICS

MOBIL 1 LUBE EXPRESS260 S MAIN STREET, LAPEER, MI


LAPEER, MI

Lapeer is a city in the U.S. state of Michigan and is the county seat of Lapeer County.[6] As of the 2010 census, the city population was 8,841. Most of the city was incorporated from land that was formerly in Lapeer Township, though portions were also annexed from Mayfield Township and Elba Township. The city government is politically independent of all three townships. Lapeer is in southern Michigan, east of Flint, on the Flint River.

AREA OVERVIEWDEMOGRAPHICS 3 MILES 5 MILES 10 MILES

TOTAL - HOUSEHOLDS 6,161 8,977 22,578

TOTAL - POPULATION 15,964 23,532 59,585

PERSONS PER HOUSEHOLD 2.40 2.50 2.60


AVERAGE HOUSE VALUE $131,790 $148,774 $162,707

AVERAGE AGE 40.60 41.30 41.80

WHITE 14,715 22,028 57,029

BLACK 733 760 973

AM. INDIAN & ALASKAN 114 164 365

ASIAN 160 220 381

HAWAIIAN & PACIFIC ISLAND 5 5 5

OTHER 236 355 832


PROPERTY OVERVIEW

MOBIL 1 LUBE EXPRESS | ABSOLUTE NNN LEASE


LOCATION SUMMARY


BUILDING SF 2,027

LAND SF 24,724

YEAR BUILT 1987

LEASE TERM 17 YEARS

ANNUAL RENT $42,742








JUST OFF OF INTERSTATE 75

HEAVILY POPULATED DETROIT SUBURB



TOTAL POPULATION 116,758 334,143 1,144,894



AVERAGE AGE 40.00 40.10 39.80

DEMOGRAPHICS

MOBIL 1 LUBE EXPRESS3320 ROCHESTER ROAD, ROYAL OAK, MI


ROYAL OAK, MI

Royal Oak is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit. As of the 2010 census, the city had a population of 57,236. It is the 8th-largest municipality in Oakland County and the 27th-largest municipality in Michigan by population.



TOTAL - POPULATION 116,758 334,143 1,144,894



AVERAGE HOUSE VALUE $167,679 $165,043 $142,000

AVERAGE AGE 40.00 40.10 39.80

WHITE 100,453 254,376 615,879

BLACK 5,915 43,482 424,579

AM. INDIAN & ALASKAN 374 977 3,561

ASIAN 7,431 26,643 72,964


OTHER 2,528 8,527 27,617


PROPERTY OVERVIEW



LOCATION SUMMARY


BUILDING SF 1,435

LAND SF 21,835

YEAR BUILT 1960

LEASE TERM 17 YEARS

ANNUAL RENT $38,468








STRONG TRAFFIC COUNTS - 36,482 VPD

EXCELLENT DEMOGRAPHICS - 2ND LARGEST SUBURB OF DETROIT



TOTAL POPULATION 101,907 296,293 1,189,606



AVERAGE AGE 40.70 40.70 39.90

DEMOGRAPHICS

MOBIL 1 LUBE EXPRESS33032 DEQUINDRE ROAD, STERLING HEIGHTS, MI


STERLING HEIGHTS, MI

Sterling Heights is a city in Macomb County of the U.S. state of Michigan, and one of Detroit’s core suburbs. As of the 2010 census, the city had a total population of 129,699. It is the second largest suburb in Metro Detroit, and the fourth largest city in Michigan. Sterling Heights consistently ranks as the safest city in Michigan with population over 100,000.



TOTAL - POPULATION 101,907 296,293 1,189,606



MEDIAN HOME VALUE $149,697 $155,863 $144,049

AVERAGE AGE 40.70 40.70 39.90

WHITE 79,573 237,238 740,836

BLACK 7,999 22,216 341,111


ASIAN 11,231 28,455 74,940


OTHER 2,779 7,389 28,643


PROPERTY OVERVIEW



LOCATION SUMMARY


BUILDING SF 1,473

LAND SF 18,213

YEAR BUILT 1996

LEASE TERM 17 YEARS

ANNUAL RENT $32,558








NEARBY MAJOR RETAILERS

JUST OFF OF NEARBY INTERSTATE






AVERAGE AGE 37.80 38.20 39.40

DEMOGRAPHICS

MOBIL 1 LUBE EXPRESS4627 FENTON ROAD, FLINT, MI


FLINT, MI

Flint is the largest city and seat of Genesee County, Michigan, United States. Located along the Flint River, 66 miles (106 km) northwest of Detroit, it is a principal city within the region known as Mid Michigan. According to the 2010 census, Flint has a population of 102,434, making it the seventh largest city in Michigan. The Flint metropolitan area is located entirely within Genesee County. It is the fourth largest metropolitan area in Michigan with a population of 425,790 in 2010.







AVERAGE AGE 37.80 38.20 39.40

WHITE 41,319 86,985 212,669

BLACK 15,211 46,578 82,136


ASIAN 579 1,623 3,761


OTHER 2,371 5,054 9,051


PROPERTY OVERVIEW



LOCATION SUMMARY


BUILDING SF 1,942

LAND SF 52,895

YEAR BUILT 2003

LEASE TERM 17 YEARS

ANNUAL RENT $40,376













AVERAGE AGE 40.20 39.30 39.40

DEMOGRAPHICS

MOBIL 1 LUBE EXPRESS2525 WEST HILL ROAD, FLINT, MI








AVERAGE AGE 40.20 39.30 39.40

WHITE 20,339 65,714 190,307

BLACK 2,304 10,338 75,757


ASIAN 405 1,196 3,645


OTHER 661 2,478 8,164

FLINT, MI

Flint is the largest city and seat of Genesee County, Michigan, United States. Located along the Flint River, 66 miles (106 km) northwest of Detroit, it is a principal city within the region known as Mid Michigan. According to the 2010 census, Flint has a population of 102,434, making it the seventh largest city in Michigan. The Flint metropolitan area is located entirely within Genesee County. It is the fourth largest metropolitan area in Michigan with a population of 425,790 in 2010.


PROPERTY OVERVIEW



LOCATION SUMMARY


BUILDING SF 1,156

LAND SF 16,779

YEAR BUILT 1990

LEASE TERM 17 YEARS

ANNUAL RENT $18,342













AVERAGE AGE 47.30 48.30 49.50

DEMOGRAPHICS

MOBIL 1 LUBE EXPRESS3044 W HOUGHTON LAKE DRIVE, HOUGHTON LAKE, MI


HOUGHTON LAKE, MI

Houghton Lake is an unincorporated community in Roscommon Township, Roscommon County in the U.S. state of Michigan. The Census Bureau has defined a census-designated place for statistical purposes with the same name.







AVERAGE AGE 47.30 48.30 49.50

WHITE 4,724 8,714 13,102

BLACK 30 55 92


ASIAN 51 89 114


OTHER 53 94 143


PROPERTY OVERVIEW



LOCATION SUMMARY


BUILDING SF 1,484

LAND SF 12,342

YEAR BUILT 1983

LEASE TERM 17 YEARS

ANNUAL RENT $29,824













AVERAGE AGE 39.40 40.20 40.70

DEMOGRAPHICS

MOBIL 1 LUBE EXPRESS301 EAST MAIN STREET, OWOSSO, MI


OWOSSO, MI

Owosso is a city in Shiawassee County in the U.S. state of Michigan. The population was 15,194 at the 2010 census. The city is located on the eastern side of Owosso Township, but is politically independent. The city was named after Chief Wasso, an Ojibwa leader of the Shiawassee area.







AVERAGE AGE 39.40 40.20 40.70

WHITE 19,588 26,697 42,695

BLACK 191 244 313


ASIAN 122 178 233


OTHER 368 455 667

MICHIGAN PORTFOLIO

OFFERING MEMORANDUMMOBIL 1 LUBE EXPRESS ABSOLUTE NNN LEASED PORTFOLIO

KASE ABUSHARKH | FOUNDING PRINCIPAL T: 925.348.1844 E: [email protected] BRE#01311211

JACOB ABUSHARKH | MANAGING PRINCIPALT: 415.269.2474 E: [email protected] BRE#01385529

WWW.THEKASEGROUP.COM

mobil 1 - michigan portfolio - images4.loopnet.com · 7% or 1.25x 5 year cpi investment highlights...

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