walmart distribution center d.c. - statesboro, ga.pdf · walmart distribution center ... 50 in...

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This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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. Phone: 212-972-7457 Fax: 212-686-0078 Email: [email protected] Website: www.exp1031.com $11,000,000 8.50% CAP $935,000 NOI ($3.09 psf) Triple Net (NNN) investment with 3 years remaining on base term. Current rent is low at $3.09 psf. 8.96% cash on cash return, 12% amortized cash on cash return. Building was constructed in 2001 specifically for Wal-Mart. Within walking distance, Wal-Mart owns a 2.2 million sf building. 24-35 foot clear ceiling heights with columns spaced 31 x 60 feet Located within the 953 acre Gateway Regional Industrial Park Walmart Distribution Center 8801 Zell Miller Parkway, Statesboro, GA Subject Property

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This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GA

$11,000,000 8.50% CAP $935,000 NOI ($3.09 psf)

• Triple Net (NNN) investment with 3 years remaining on base term. Current rent is low at $3.09 psf.• 8.96% cash on cash return, 12% amortized cash on cash return.• Building was constructed in 2001 specifically for Wal-Mart. Within walking distance, Wal-Mart owns

a 2.2 million sf building.• 24-35 foot clear ceiling heights with columns spaced 31 x 60 feet•Located within the 953 acre Gateway Regional Industrial Park

Walmart Distribution Center8801 Zell Miller Parkway, Statesboro, GA

Subject Property

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GA

PROPERTY SUMMARY:This Wal-Mart Distribution Center contains 303,000 square feet and is located on 18.08 acres within the 953 acre Gateway Regional Industrial Park. The building was constructed in 2001 specifically for Wal-Mart. Within walking distance of this building Wal-Mart owns a 2.2 million square foot building . The property has railroad access but it is not currently being used. The building is constructed of metal with concrete slabs, it has 24-35 foot clear ceiling heights with columns spaced 31’ x 60’. It contains 1,000 sf of office space and has a sprinkler system. In 2006 the owner invested $450,000 into HVAC systems, ventilation fans, insulation, additional bathrooms and concrete repairs in exchange for an increased annual rent.

Gateway Regional Industrial Park has quickly emerged as one of Georgia's fastest-growing industrial centers. The park is currently occupied by Wal-Mart's 2.2 million square foot distribution center which is located on a 164-acre site, Statesboro's Briggs & Stratton manufacturing facility and Viracon's glass fabrication facility.

LEASE SUMMARY:Tenant: Wal-Mart Stores East, Inc.Expiration Date: March, 2013Options: NoneCurrent Rent: $935,000 ($3.09 PSF) annuallyBase Rent Escalations: FlatLease Type: This is an absolute triple net lease. Tenant pays real estate

taxes directly and insures the property at no cost to landlord.Tenant is responsible for all repairs and replacements to theproperty.

TENANT SUMMARY:Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. As of January 31,2009, it operated 891 discount stores, 2,612 super centers, 153 Neighborhood Markets, and 602Sam’s Clubs in the United States; and 28 units in Argentina, 345 in Brazil, 318 in Canada, 197 inChile, 164 in Costa Rica, 77 in El Salvador, 160 in Guatemala, 50 in Honduras, 371 in Japan, 1,197in Mexico, 51 in Nicaragua, 56 in Puerto Rico, and 358 in the United Kingdom, as well as 243stores through a of joint ventures. The company was founded in 1945 and is based inBentonville, Arkansas. Wal-Mart Stores employs over 1,200,000 people. Total revenue for 2009was $406 billion.

Wal-MartDistribution Center

Statesboro, GALOAN SUMMARY:Original Balance: $7,000,000Balance As Of 1/2010: $6,270,108Equity Required: $4,729,892Term: 10 YearsAmortization Period: 28 YearsLoan Start Date: 12/1/2003Interest Rate: 5.9%Annual Debt Service: $511,419Lender: Vermont LifeAssumable: Yes, 1% feeNotes: Buyer must assume

the existing loan or pay the cost to defease.

Cash on Cash Return: 8.96%Principal Reduction Next 12 Months: $145,372Cash on Cash AfterPrincipal Reduction: 12%

Subject Property

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GALabeled Aerial

Subject Property

Development Authority

953 acre Gateway Industrial Park

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GATax Map (Parcel ID # R400168005-062-000007-007 )

Development Authority

Subject Property

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GAGateway Regional Industrial Park Tenants

BRIGGS & STRATTONWith 96 years of history building engines, the Statesboro Briggs and StrattonPlant is the third largest employer in the region with 950 employees. Theplant's success is a result of the availability of infrastructure support, location,and a readily available skilled workforce.

WAL-MART DISTRIBUTION CENTERGateway Regional Industrial Park is home to the largest Wal-Mart distributioncenter in the United States. In handling all imported products offered in theWal-Mart stores, the close proximity to the Savannah Ports, interstates, andrail were a major determining factor in building here. Other reasons includedStatesboro’s strong sense of community, pro-business government, excellentschools, and trained workforce.

VIRACONViracon is an international company of the Glass Technologies Division ofApogee Enterprises, Inc. The company produces high-performance glassproducts, including tempered, laminated, insulating, security, silkscreened,privacy and high-performance coatings. This Statesboro location was chosenover locations in 26 states.

Statesboro, GA

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GATransportation And Accessibility

HIGHWAYSU.S. Highway 25/301 (Georgia Highway 73) provides direct access to Gateway Regional Industrial Park, where the subject property is located. Interstate16 is six miles south via U.S. Highway 25/301. Other highways serving Statesboro include U.S. Highway 80 and Georgia Highways 24 and 67. A perimeterhighway linking U.S. 80, U.S. 301 and Georgia Highways 24 and 67 was completed in 1994.

MOTOR FREIGHT CARRIERSThe Gateway Regional Industrial Park is served by 30 inter/intrastate carriers and three interstate-only carriers.

RAILROADSThe subject property is served by Georgia Midland Railroad which connects with Norfolk Southern Railroad at nearby Dover, Georgia. Both CSXCorporation and Norfolk Southern have TOFC (piggy-back) facilities in Savannah.

AIR SERVICECommercial - Savannah International Airport is 53 miles southeast. Served by Delta, Continental, USAir and Airtran, United, Comair, and IndependenceAir.

Public - Statesboro Municipal Airport, 9 miles northeast of the park, with two paved runways including a 5,500' lighted runway.

PORTSThe international shipping port of Savannah are located 53 miles southeast.

Garden City Terminal – Garden City Terminal is the fourth-largest container port in the United States and the largest single-terminal operation in NorthAmerica. Two Class I rail providers serve the Garden City Terminal location, which also offers immediate interstate access to the more than 100 truckingcompanies that service the Savannah area. And with land available for future development, the facility has strategic plans in place for its expansion.

Ocean Terminal – A range of shipments including forest and solid wood products, steel, industrial and farm equipment, automobiles, project shipmentsand heavy-lift cargoes move through this 200.4-acre, 9-berth facility every day. With 5,768 linear feet of deepwater berthing, 1.4 million square feet ofcovered storage, and 73 acres of open storage, shipments move rapidly and efficiently to their destinations. Ocean Terminal’s location is served by twoClass I rail providers and offers immediate interstate access with 150-plus trucking options that service the Savannah area. And with room to grow andthe demand for diversity increasing every day, the facility has strategic plans in place for its future expansion.

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GASurvey

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GALocation Maps

Subject Property

Subject Property

Port of

Savannah

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GAMajor City Proximity Map

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GADistance To Highway Intersections

Subject Property

3.06 Miles From Property

HWY 80 & Hwy 301

Bypass

6.92 Miles From Property

Interstate 16

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GA5-10-15 Mile Demographic Map

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GA5-10-15 Mile Demographic Graphs

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do 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.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Wal-MartDistribution Center

Statesboro, GA5-10-15 Mile Demographic Data

5 Miles: 10 Miles: 15 Miles:

Total Population 25,966 53,783 74,684

Male Population 49.3% 48.5% 48.8%

Female Population 50.7% 51.5% 51.2%

Median Age 23.6 26.5 28.2

Population Density (per sq. mi.) 330.6 171.2 105.7

Employees 9,967 20,655 25,335

Establishments 775 2,232 2,812

Median HH Income $28,075 $33,328 $34,519

Per Capita Income $17,734 $19,306 $18,685

Average HH Income $45,969 $48,330 $48,585

Total Households 9,127 19,826 26,813

Average Household Size 2.44 2.48 2.59

Household Growth 1990 - 2000 58.2% 34.9% 33.8%

Owner Occupied Housing Units 38.3% 46.1% 51.3%

Renter Occupied Housing Units 52.5% 43.2% 37.0%

Vacant Housing Units 9.3% 10.7% 11.7%

White 66.9% 65.2% 67.4%

Black 29.6% 32.1% 30.4%

American Indian, Eskimo, Aleut 0.1% 0.1% 0.2%

Asian 1.9% 1.4% 1.1%

Hawaiian or Pacific Islander 0.0% 0.0% 0.0%

Other 0.8% 0.6% 0.6%

Multirace 0.6% 0.6% 0.4%

Race: 2009

Population: 2009

Income: 2009

Households: 2009

Housing: 2009

Contact Us

EXP Realty Advisors

118 East 28th Street

Suite #901

New York, NY 10016

Phone: (212) 972-7457

Fax: (212) 686-0078

www.exp1031.com

Our Team

Robert P. James

President

Phone: (212) 972-7457

Email: [email protected]

Daniel de Sa‘

Director of Sales

Phone: (212) 972-7457

E-mail: [email protected]