Investment O ering - Commerce Real Estate Solutions · 2016-09-21 · is among the largest...

Investment OfferingOctober 2016

Prepared for:O’Reilly Auto Parts2209 Broadway AvenueYankton, South Dakota

Independently Owned and Operated A Member of the Cushman & Wakefield Alliance

Cushman & Wakefield/Commerce | 2

Presented by

Ralph Reidel, CCIMExecutive Director+1 801 303 [email protected]

Co-listed with

Dan GuthmillerLewis and Clark Realty INC+1 605 660 [email protected]

170 South Main Street, Suite 1600Salt Lake City, UT 84101direct: +1 801 322 2000 fax: +1 801 322 2040

www.comre.com

Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. (path: G:\1 - Projects\Riedel_Ralph\3 - Packages\OReillyAutoParts)

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

Confidentiality & Disclaimer ..........................................................................................................................................................................3

Executive Summary ..........................................................................................................................................................................................5

Property Overview ........................................................................................................................................................................................... 6

Aerial .......................................................................................................................................................................................................................7

Site Plan ................................................................................................................................................................................................................ 8

Agent Bio ............................................................................................................................................................................................................. 9

Cushman & Wakefield/Commerce ............................................................................................................................................................10

Table of Contents


Buyer has requested information from Commerce Real Estate Solutions for the purpose of evaluating a possible acquisition regarding the property located at 2209 Broadway Avenue, Yankton, South Dakota property known as (“property”). Much of the information to be provided is non-public, highly confi-dential and/or proprietary in nature (“Information”) and is being delivered only pursuant to the terms of this Agreement.

THE PARTIES AGREE AS FOLLOWS:

1. Property Information. Commerce will provide Prospective Buyer confidential Information relating to

the Property.

2. Confidentiality. Prospective Buyer agrees that the Information shall be held in confidence, and that

Prospective Buyer shall not disclose, permit the disclosure of, release or transfer the Information to any

third party, except for the purpose of evaluating a possible purchase of the Property, and that any part

of the Information so transmitted shall remain confidential with that third party. Prospective Buyer

agrees not to contact the owner of the Property or to circumvent Commerce in any way. Any transac-

tion shall be negotiated and closed through Commerce as a licensed real estate brokerage in the State

of Utah.

3. Communications. It is further understood that all (a) communications regarding a possible transac-

tion, (b) requests for additional information, (c) requests for tours of the Property or management meet-

ings, and (d) discussion or questions regarding the Property will be submitted or directed to Commerce

c/o Ralph Riedel at Commerce Real Estate Solutions, 170 South Main Street, Suite 1600, Salt Lake City,

UT 84101, (801-303-5466). The Information shall be used for the sole purpose of evaluating the poten-

tial purchase of the Property and for no other purpose. Prospective Buyer shall not contact directly any

persons concerning the Property, including, without limitation, Owner’s employees, suppliers, tenants, or

lenders.

4. Information accuracy. Although Owner and Commerce is providing the Information to the Prospec-

tive Buyer for the purpose of its evaluation of the Property, Prospective Buyer understands that Owner

and Commerce do not make any representation or warranty as to the accuracy or completeness of the

Information. This Agreement applies to all Information about the Property received from Owner or

Commerce, now or in the future, which is not readily available to the general public.

5. Binding Effect. The persons signing on behalf of the Prospective Buyer represent that they have the

authority to bind the party for whom they sign. This Agreement shall be binding upon and shall inure to

the benefit of the parties and their successors, assigns and other legal representatives.

6. Return of Documents. Upon review of the Information provided, if Buyer no longer has an interest in

the potential acquisition of the Property, Buyer agrees to return in a timely manner all Information pro-

vided to Commerce Real Estate Solutions.

Confidentiality Agreement


7. Other. This Agreement represents the entire agreement between and among the parties concerning

the confidentiality and non-disclosure of the Information. This Agreement shall not be modified except

by written agreement signed by all the parties. This Agreement shall in all respects be construed in

accordance with the laws of the State of South Dakota. If the Prospective Buyer breaches its obligations,

the prevailing party in any lawsuit shall be entitled to reasonable attorney’s fees and costs in addition to

all remedies available to it.

IN WITNESS WHEREOF, the parties hereto intending to be legally bound have executed this Agreement

as of the day and year first above written.

PROSPECTIVE BUYER:

Signature Date:

Please print clearly the following:

Name: Phone:

Company:

Title: Fax:

E-mail:

Address:

City: State ZIP

PLEASE SIGN THIS DOCUMENT AND RETURN TO Commerce Real Estate Solutions.

Fax Number (801) 322-2040 ATTN: Ralph Riedel [email protected]


Executive Summary

The Commerce Real Estate Solutions Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed O’Reilly Auto Parts property located within Yankton, South Dakota. The high quality building was constructed in 2000 in a densely populated area. O’Reilly Auto Parts has approximately 10 years remaining on their net lease that expires December 18, 2025. The lease fea-tures a 8% rental escalation in the primary term and in each renewal option period. O’Reilly Auto Parts is an investment grade rated tenant (S&P: BBB) and is publicly traded (NASDAQ: BBB) with a market capitalization in excess of $26 billion.

The 7,048 square foot retail building was constructed in 2000.

INVESTMENT HIGHLIGHTS

• Located in Yankton, South Dakota

• Investment grade rated tenant (S&P: BBB)

• 8% rental escalation every five years

• Located in strong retail corridor


Property Overview

Price: $1,425,000

Cap Rate: 6.4%

Rent Schedule: NOI Escalation Date

$90,720

$97,977 12/19/2020

$105,815 12/18/2030 (Option 1)

$114,281 12/18/2035 (Option 2)

Rental Escalations: 8% Every Five Years

Renewal Options: Two 5-Year

Lease Commencement Date: 9/7/2000

Lease Expiration Date: 12/18/2025

Tenant: O’Reilly Auto Parts

Credit: Investment Grade (S&P: BBB)

Year Built: 2000

Lease Type: NNN

Building Size: 7,048 SF

Land Size: .9925 Acres


Aerial


Site Plan

TO FOLLOW

Ralph W. Riedel, CCIM Executive Director | Office & Investments

170 S Main | Salt Lake City, UT 84101Direct +1 801 303 5466Fax +1 801 322 [email protected] | comre.com

Professional ExpertiseRalph W. Riedel is an Executive Director with Cushman & Wakefield/Commerce, offering unparalleled understanding of commercial real estate investments. Ralph has over twenty years of experience in representing buyers and sellers of investment and office properties, and also owns property himself. He is consistent with assisting clients to reach both their long and short-term objectives, and has a proven track record of satisfied clients, with whom he maintains long-standing, successful relationships. Throughout his career, he has completed over 2,000 transactions, totaling thirteen million square feet, and reaching over $1 billion in gross transaction value.

Extensively known throughout the Utah market, Ralph is recognized as one of the top brokers in the state. He has consistently risen as a top producer in Utah, the nation, and world-wide. Over the course of his career, Ralph has earned designations by Coldwell Banker Commercial as the #1 Utah producer, the #1 agent nationally, and most notably, the #1 producer globally.

He is ready to assist you with your commercial real estate needs.

Clients Served

• American Family Insurance - Roger Palecek

• Brighton Bank - Howard Holt - Kent Nelson - Traci Nelson

• Bud Bailey Construction- Bud Bailey

• Cementation - Steve Leatherwood

• Colliers - Keith Lambeth

• Easter Seals Goodwill

- John Martin

• Ethan Allen - Michael Watson

• Ethan Allen - John Watson

• Gibson Investments - Bill Gibson

• Intermountain Health Care - Tom Uriona

• Marriott Hotel - John Marriott, Jr.

• Metropolitan Holding - Karen Olsen

• Namtor- Ed Langefeld

• Nelson, Christensen, Hollingworth & Williams- Bruce Nelson - Brad Helsten

• Omni Properties - Robert Sperry

• Protective Life - Zach Palamara

• SBC Telcom - Sharon Church

• Snowbird - Bob Bonar, Ceo

• Solitude Ski Resort - Dave Deseelhorst- Gary Deseelhorst

• St. Mark’s Hospital - Pat Brown

• Wells Fargo - Brenda Kaila

• Western Gardens • Lon Clayton

Professional Affiliations

• CCIM designation, 1995 (Certified Commercial Investment Member)


Cushman & Wakefield/Commerce

About Cushman & Wakefield/Commerce

Cushman & Wakefield/Commerce operates the Cushman & Wakefield business in Idaho, Nevada, Utah and Washington. As part of the Cushman & Wakefield global platform, the firm offers innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory. With nearly 300 employees, 9 million sq. ft. of property management and transaction value of more than $2.8 billion, the firm is a leading commercial real estate resource in the Intermountain West region and Pacific Northwest. Learn more at www.comre.com.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.


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cushmanwakefield.comAs of January 2016


Company Overview

Service Lines

Office BrokerageCushman & Wakefield/Commerce office

professionals are specialists in both landlord and

tenant representation. Developing strategies and

executable approaches to achieve client business

requirements and objectives, we represent

tenants and building owners of all sizes and work

throughout the transaction from lease review to

final move-in, to ensure a smooth process.

Retail BrokerageCushman & Wakefield/Commerce retail

professionals have decades of experience,

having represented local and international

retailers as well as providing service to owners

in bringing successful properties to the market

and maintaining existing projects. We analyze

and advise on risk, site selection, logistics,

demographics, and acquisition and disposition of

properties. Our worldwide research ensures long-

term success with market trends.

Industrial BrokerageThe Cushman & Wakefield/Commerce industrial

specialty group works to determine the exact type

of product that will maximize each site or meet

the required needs of the end user, from large

manufacturing and distribution facilities to high-

tech labs and clean R&D. We offer a full array of

services including facility and site acquisition and

disposition, build-to-suit, and leasing.

Multi-Family BrokerageThe Cushman & Wakefield/Commerce multi-

family group offers a dedicated team specializing

in the purchase and sale of multi-family

properties. These experts are highly skilled and

experienced transaction specialists who assist

clients in meeting their investment objectives.

We provide specialized marketing updates and

statistics, and a high level of service with constant

communication regarding market research, and

sales transaction statistics.

Investment BrokerageThe Cushman & Wakefield/Commerce investment

specialty group are leading advisors on real

estate-related capital transactions in local, regional

and international markets. The group works with

buyers and sellers, both institutional and private,

on an ongoing basis in identifying and managing

transactions that optimize client requirements.

Land BrokerageCushman & Wakefield/Commerce has

professionals that specialize in the purchase and

sale of undeveloped land. They ensure that the

necessary entitlements are in place to facilitate

the successful sale, or lease, of portions of the

overall project. This group is highly knowledgeable

in understanding how the use, timing and

development of one portion of a property will

enhance other portions of the overall project.


Company Overview

Service Lines

Asset ServicesCushman & Wakefield/Commerce manages

over eight million square feet of commercial

real estate, focused on maximizing the asset

value of an owner’s investment while creating a

comfortable working environment for tenants.

Properties managed are operated and maintained

at the highest professional standards so that

the asset value of each managed property is

maximized to the benefit of ownership.

Construction ManagementCommerce has extensive construction and project

management experience and capabilities and will

act as an independent advocate for clients from

project inception through occupation, including

pre-design, design, construction documentation

and review, construction, and project relocation.

Valuation and ConsultingCushman & Wakefield’s Valuation and

Consulting Division is one of the most respected

and well established valuation groups in the

US. This consulting group delivers a national

perspective on emerging trends in specific

industries. The expertise of this group, as

well as their direct connections with specialty

valuation and consultation divisions of Cushman

& Wakefield around the country, provides

accessibility to Hospitality, “Green,” Recreation,

Resort, Supply Line, and other specialty groups.

Brokers and clients have instant access to

this group as many of these professionals are

physically housed in three of Commerce’s

offices in Utah, Nevada and Washington.

ResearchEach of the real estate practice groups are

supported by professional staff who provide current

research data. Our dedicated research professionals

work full time in tracking key statistics, including

vacancy rates, rental rates, operating expenses,

absorption rates, yields and construction trends.

We also maintain a current “prospects in the

market” list and lease comparables of past

transactions. Each quarter our clients receive a

report that provides an in-depth analysis of the real

estate market. Cushman & Wakefield/Commerce

also publishes reports detailing each market’s

performance and forecasting market trends.

Graphics and MarketingWith an in-house design department, broker,

client and property marketing can be carried

out successfully. Working closely with brokers,

Cushman & Wakefield/Commerce designers

are able to produce unique marketing pieces in

a timely and professional manner. Examples of

these materials are brochures, custom signage,

email campaigns, and advertising.

Mapping/GISUtilizing the latest technology, the mapping/GIS

group can communicate data and

information visually through maps, providing

brokers and clients a tool to make

vital business decisions. The use of GIS technology

allows for further evaluation

and methodology of commercial real estate

objectives. Examples of these materials

include: traffic count maps, population growth,

major tenant location, demographic

profiles, and drive-time maps.

Copyright © 2016 Cushman & Wakefield. All rights reserved.

Presented by

Ralph Reidel, CCIMExecutive Director+1 801 303 [email protected]

Co-listed with

Dan GuthmillerLewis and Clark Realty INC+1 605 660 [email protected]

Investment O ering - Commerce Real Estate Solutions · 2016-09-21 · is among the largest...

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Transcript of Investment O ering - Commerce Real Estate Solutions · 2016-09-21 · is among the largest...