goodyear - exp realty advisors - indianapolis, in.pdf · the goodyear tire & rubber company |...

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Phone: 212.972.3947 Fax: 212.686.0078 [email protected] www.exp1031.com Price: $600,000 | NOI: $48,000 | CAP: 8.00% The Goodyear Tire & Rubber Company | NASDAQ: GT Goodyear has been operating at this location for nearly 30 yrs Recent lease extension Located just off I-465 on Washington St. Traffic counts in excess of 60,000 VPD on Washington St. Surrounded by national retailers Over 175,000 people within 5 miles of the property Exclusive Offering This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. Goodyear 1303 South High School Rd, Indianapolis, IN subject property

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Phone: 212.972.3947 Fax: 212.686.0078 [email protected] www.exp1031.com

Price: $600,000 | NOI: $48,000 | CAP: 8.00%

The Goodyear Tire & Rubber Company | NASDAQ: GT

Goodyear has been operating at this location for nearly 30 yrs

Recent lease extension

Located just off I-465 on Washington St.

Traffic counts in excess of 60,000 VPD on Washington St.

Surrounded by national retailers

Over 175,000 people within 5 miles of the property

Exclusive Offering

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Goodyear

1303 South High School Rd, Indianapolis, IN

subject property

INVESTMENT OVERVIEW

Whisper Valley Ranch

Investment Overview

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Whisper Valley Ranch

Property Line Map

Goodyear

Investment Overview

PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a free-standing Goodyear Tire located in Indianapolis, IN. Goodyear’s lease at this location began in 1986 and they recently extended for 5 yrs. The property is located just off the Washington St (60,000+ cars) exit of I-465 on a main retail corridor. Within 5 miles of the store there are over 175,000 people. Retailers in the immediate area include Kmart, McDonald's, Arby's, Sherwin Williams, Carl's Jr., Subway, Circle K, Jiffy Lube, Supercuts, and PNC Bank among others. The Indianapolis International Airport is located one mile south of the subject property. The property is a short drive from downtown Indianapolis. LOCATION OVERVIEW: Indianapolis is the capital of Indiana. With a population of 843,393 in 2013, it the 12th largest city in the U.S.; the Indianapolis metropolitan area ranks 33rd largest in the U.S., with a 2013 population estimate of 1,953,961. Indianapolis has a diverse economy, relying on trade, transportation, and utilities, professional and business services, education and health services, government, retail trade, leisure and hospitality, and manufacturing. Three Fortune 500 companies are based in the city. LEASE SUMMARY: Original Commencement: February 18th, 1986 Lease Expiration: May 31st, 2020 Current Rent: $48,000 ($7.40 psf) Options: One (5) yr option - $50,000 from 6/1/2020 to 5/31/2025 Lease Type: Double Net – Landlord responsible for roof & structure. The roof was replaced in December of 2006 TENANT OVERVIEW: The Goodyear Tire & Rubber Company (NASDAQ: GT | S&P: BB) The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products. The company offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands. It also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; manufactures and sells rubber-related chemical products; and provides automotive repair services, and miscellaneous other products and services. The company operates approximately 1,200 tire and auto service center outlets, where it offers products for retail sale, and provides automotive repair and other services. The company was founded in 1898 and is headquartered in Akron, Ohio. Goodyear is also known for the Goodyear Blimp. The first Goodyear blimp flew in 1925. Today it is one of the most recognizable advertising icons in America. The company is the most successful tire supplier in Formula One history, with more starts, wins, and constructors' championships than any other tire supplier.

INVESTMENT SUMMARY

Price: $600,000

CAP Rate: 8.00%

NOI: $48,000

Bld. Sq Ft: 6,488 sf

Land Size: 0.50 acres

Lease Type: NN Lease

subject property

Whisper Valley Ranch

Property Line Map

Goodyear

Aerial

AERIAL This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Indianapolis

International Airport

Whisper Valley Ranch

Property Line Map

Goodyear

Location Map

LOCATION MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Whisper Valley Ranch

Property Line Map

Goodyear

Location Map

LOCATION MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Indianapolis

International Airport

DEMOGRAPHIC DATA

Whisper Valley Ranch

Property Line Map

Goodyear

Demographic Data

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Contact Us

EXP Realty Advisors 118 East 28th Street

Suite #901 New York, NY 10016

Phone: (212) 972-3947 Fax: (212) 686-0078 www.exp1031.com

Our Team

Daniel de Sa‘

Director of Sales E-mail: [email protected]

Robert P. James President

Radius 3 Mile 5 Mile 10 Mile

Population:

2020 Projection 61,239 175,069 677,025

2015 Estimate 59,373 168,066 644,243

2010 Census 59,113 161,883 602,352

Growth 2015-2020 3.14% 4.17% 5.09%

Growth 2010-2015 0.44% 3.82% 6.95%

2015 Population Hispanic Origin 8,377 25,967 63,837

2015 Population by Race:

White 45,916 123,604 453,347

Black 10,227 34,836 155,532

Am. Indian & Alaskan 446 1,362 3,612

Asian 1,053 3,568 15,021

Hawaiian & Pacific Island 40 158 435

Other 1,690 4,537 16,296

Households:

2020 Projection 23,973 66,719 264,511

2015 Estimate 23,224 64,049 251,615

2010 Census 23,102 61,825 235,345

Growth 2015 - 2020 3.23% 4.17% 5.13%

Growth 2010 - 2015 0.53% 3.60% 6.91%

Owner Occupied 11,983 34,491 144,260

Renter Occupied 11,241 29,559 107,355

2015 Avg Household Income $46,558 $49,225 $57,238

2015 Med Household Income $36,429 $38,549 $42,547

2015 Households by Household Inc:

<$25,000 7,960 20,462 74,998

$25,000 - $50,000 7,226 19,742 69,111

$50,000 - $75,000 4,223 11,578 45,550

$75,000 - $100,000 1,827 5,967 25,802

$100,000 - $125,000 1,134 3,513 15,935

$125,000 - $150,000 471 1,330 7,790

$150,000 - $200,000 196 903 6,929

$200,000+ 187 555 5,501