offering memorandum - loopnet...offering memorandum 2000 e. roosevelt road little rock, ar 72206 501...
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OFFERING MEMORANDUM
2000 E. RoosEvElt Road littlE Rock, aR 72206
501 716 5511sagepartners.com
Aaron NicholsonPrincipal, Vice [email protected]
Jason [email protected]
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
sagepartners.comPROPERTY OVERVIEW
ASKING PRICE: $1,628,900 ________________________________________________________
CAP RATE: 8%________________________________________________________
ADDRESS: 2000 E. Roosevelt Road, Little Rock, AR 72206________________________________________________________
BUILDING SIZE: 37,232 SF +/-________________________________________________________
LAND AREA: 1.82 SF +/- ________________________________________________________
YEAR BUILT: 1964________________________________________________________
OCCUPANCY: 100% ________________________________________________________
BUILDING HEIGHT: 18’________________________________________________________
CONSTRUCTION TYPE: Reinforced Concrete________________________________________________________
LOADING: 6 Dock High________________________________________________________
PARKING: 18________________________________________________________
ZONING: Industrial (I-3) Located in an Opportunity Zone
*Information deemed reliable but not guaranteed
ASSET SUMMARY
sagepartners.comFINANCIAL ANALYSIS & LEASE PROVISIONS
1. LEASE TERM: FIVE YEARS W/ FIVE YEAR OPTION
_________________________________________________________
2. LEASE COMMENCEMENT: CLOSING OF SALE & TRANSFER OF TITLE
_________________________________________________________
3. $3.50 NET LEASE
_________________________________________________________
4. 2% ANNUAL RENT ESCALATIONS
_________________________________________________________
5. OPERATING EXPENSES TAXES/INSURANCE/MAINTENANCE (PAID BY TENANT)
_________________________________________________________
6. INCREASES IN CONTROLLABLE OPERATING EXPENSES CAPPED AT 5% PER YEAR
_________________________________________________________
7. MANAGEMENT FEES NOT TO EXCEED 3% OF NET RENT
_________________________________________________________
8. RENEWAL OPTION: WITH ONE HUNDRED EIGHTY (180) DAYS PRIOR WRITTEN NOTICE, TENANT SHALL HAVE ONE (1) 5-YEAR RE-NEWAL OPTION AT 95% OF FMV.
M&A SUPPLY COMPANY, INC.
sagepartners.comTENANT OVERVIEW
M&A SUPPLY COMPANY, INC.
Established in 1969, M&A Supply Company was founded on ser-vicing the small to medium size contractor with "blue collar" roots much like our own. Although we have grown, we are still a private-ly held, family owned business with a heritage built on hard work and customer service just like many of our customers today. Now, decades later, we have grown into one of the largest independent wholesalers in the country, but we remain focused on our reasons for success: our employees and our customers.
Today, we serve our customers from our fifteen branches across the Southeast by providing HVAC equipment, parts and supplies and being their “single source for success”.
FOUNDED
1969HEADQUARTERS
NASHVILLE, TNLOCATIONS15 BRANCHES
WEBSITEWWW.MASUPPLYCOMPANY.COM
AREA DEMOGRAPHICS _
KEY FACTS
71,432Population
37.8
Median Age
2.2
AverageHousehold Size
$34,216Median Household
Income
EDUCATION
14%
No HighSchool
Diploma 30%High School
Graduate
30%Some College 26%
Bachelor's/Grad/ProfDegree
BUSINESS
5,778Total Businesses
146,833Total Employees
EMPLOYMENT
61%White Collar
18%Blue Collar
21%Services
7.5%
UnemploymentRate
sagepartners.comAERIAL 2000 E. ROOSEVELT RD. | LITTLE ROCK, AR
E. Roosevelt Rd.
Bond St.
SUBJECT PROPERTY
• Subject property is approx 1 mile to I-30, less than 1 mile to I-440 and 1/2 mile to the airport
• Distance to Memphis - 137 Miles • Distance to Dallas - 319 Miles• Distance to Kansas City - 423 Miles
Goff Distribution Plunkett Distributing
sagepartners.comPROPERTY PICTURES
A FIRM POWERED BY EXPERIENCE
Sage Partners (“Sage”) specializes in providing commercial real estate brokerage, management and development services in the state of Arkansas. Sage combines the technical, market, financial, and industry expertise of seasoned professionals to create a full-service commercial real estate company. The Sage team has many years of in-depth experience that provides solutions through a combination of services.
Diversified experience provides Sage with a unique perspective combining an insight of national trends with unparalleled local knowledge. Additionally, Sage brings a unique database of brokers, clients, contacts, bankers, and investors from vast local, regional, and national experiences. This combination brings real solutions to clients’ needs and ensures thorough market penetration in all respects.
WHY USE SAGE - PEOPlE
We are proud of the success the company has had because it is based on a very simple equation of “good people + hard work + intelligent, long term vision equals long term success.” What impresses people is consistent hard work, market knowledge, quality and the character of team members.
OUR MISSION
“Our team will work with faith and integrity, utilizing our experience and expertise to provide superior real estate services to the benefit of our clients, families, and community.”
CORE VAlUES
Practice Integrity - We always try to do what’s right..in all settings, no matter the cost
Clients are Supreme - We want our clients to see that we are outstanding with our experience, knowledge, effort and results
Be Entrepreneurial - We are proactive and creative in solving problems and seizing opportunities
Teamwork Wins - We can achieve more with all of us than individually
Give Back - We want to invest in our community with meaningful generosity
sagepartners.comCOMPANY OVERVIEW
sagepartners.comCONTACT INFORMATION
CUSHMAN & WAKEFIELD | SAGE PARTNERS DISCLOSURECushman & Wakefield | Sage Partners has been engaged by the owner of the Property to market it for sale. Information concerning the Property has been obtained from sources other than Sage Partners and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any references to age, square footage, income, expenses and any other Property specific information are approximate. Any opinions, assumptions, estimates, or financial information contained herein are projections only and are provided for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. Buyers should conduct their own independent investigation and inspection of the Property in evaluating a possible purchase. The information contained herein is subject to change.
Aaron NicholsonPrinicpal, Vice President501 716 [email protected]
2226 Cottondale LaneSuite 210
Little Rock, AR 72202sagepartners.com
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
Jason ParkerAssociate501 716 [email protected]
Aaron Nicholson serves as Vice President and Executive Broker of the Cushman & Wakefield | Sage Partners, Little Rock office. Mr. Nicholson is focused on statewide retail, industrial, commercial land, and investment sales brokerage. He is responsible for over 1.5 million square feet in sales and leasing transactions.
Mr. Nicholson is a graduate from the University of Arkansas. He is a member of the International Council of Shopping Centers, the Little Rock Regional Chamber of Commerce, Conway Chamber of Commerce and the Hat Club.
Clients Served • Kum & Go • TruckPro • Dyke Enterprises• General Cable
Major Transactions • West Main Center, 1009 West Main St., Russellville, AR - 61,660 SF• 1392 Remmel Dam Rd, Malvern, AR – 340,351 SF
Professional Affiliations • International Council of Shopping Centers (ICSC)• Little Rock Chamber of Commerce• Conway Chamber of Commerce
Education• BSA in Agriculture Business, University of Arkansas
Jason Parker joined Cushman & Wakefield | Sage Partners in 2017. Mr. Parker brings 17 years of professional experience in the telecommunications industry, product marketing and business development with him to the commercial real estate industry.
Mr. Parker has led many successful sales and leasing transactions across the state of Arkansas. He is graduate of the University of Arkansas, and has a Master of Business Administration from the University of Arkansas at Little Rock, and is a member of ICSC and the Rotary Club of Little Rock.
Clients Served • Amazon • L&W Supply • Anthem Health Care• MCNA Dental • Trigate Capital
Education• Master of Business Administration, University of Arkansas, Little Rock • Bachelor of Science, Business Administration, Computer Information
Systems & Marketing Management, University of Arkansas