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Sheetz | Parkersburg, WVOffering Memorandum

JONATHAN W HIPPPRESIDENT & CEO

(703) 787-4725 [email protected]

JIM ISBELLDIRECTOR


Representative Photo

BROKER OF RECORDBETTY FRIANTWV LIC #WV0003843

Exclusive ListingOffering Memorandum

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C A L K A I N .C O MC A L K A I N .C O M

Sheetz | Parkersburg, WV


306 Ann St | Parkersburg, WV 26101

Asking Price $2,160,000 | Cap Rate 5.00%

Net Operating Income (NOI) $108,000

Rent/Month $9,000

Rent/SF $19.82

Rentable Square Feet 5,420+/- SF

Land Area 1.34+/- Acres

Tenant Name Sheetz Inc.

Website www.sheetz.com

Guarantor Corporate

Ownership Type Fee Simple

Lease Type Unsubordinated Ground Lease

Landlord Responsibilities None

Year Built 2018

Lease Term Remaining 15 Years

Rent Commencement January 15, 2018

Lease Expiration January 14, 2033

Increases 5% Years 11-15, 10% in Each Option Periods

Options Seven (7), Five (5) Year

Rent Schedule

Term Increases Annual Rent Monthly RentYears 1-10 - $108,000 $9,000

Years 11-15 5% $113,400 $9,450

Years 16-20 (Option 1) 10% $124,740 $10,395

Years 21-25 (Option 2) 10% $137,220 $11,435

Years 26-30 (Option 3) 10% $150,936 $12,578

Years 31-35 (Option 4) 10% $166,028 $13,836

Years 36-40 (Option 5) 10% $182,628 $15,219

Years 41-45 (Option 6) 10% $200,892 $16,741

Years 46-50 (Option 7) 10% $220,980 $18,415

Investment Highlights • NNN - no landlord responsibilities

• New construction

• 1 mile from Camden Park Medical Center

• Excellent ingress and egress on corner lot

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Financial Summary


About Sheetz• Sheetz is a family-owned Mid-Atlantic

chain with more than 500 stores

and 17,500 employees. In 2016 the

company celebrated an anniversary

and a major milestone in convenience store customer experience. In 1986,

Sheetz coined the term Made-to-Order, or “MTO.” It’s the ordering system

that allows for made to order sandwiches at the store. It took the stigma

away from a “gas station sandwich” and transformed the business.

• Sheetz ranked #56 on Forbes America’s largest private companies list of

2017

• Massive tenant investment at this site utilizing the newest and largest

prototype

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Tenant Overview

Distance To:Charleston, WV 77 miles

Morgantown, WV 111 miles

Washington, DC 313 miles

Washington, DC

Morgantown, WV

Baltimore, MD

Charleston, WV

Parkersburg, WV

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Location Overview

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Subject Site

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306 Ann St | Parkersburg, WV 26101


Subject Site

5th Street 26,000 VPD6th Street

4th Street

Ann Street 22,000 VPD

3rd Street

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Site Plan


Radius 1 Mile 3 Miles 5 MilesPopulation2017 Population 5,048 41,696 64,579

2022 Population 5,129 41,904 65,036

2010-2017 Annual Rate 0.48% 0.09% 0.13%

2017-2022 Annual Rate 0.32% 0.10% 0.14%

2017 Male Population 49.1% 47.7% 47.9%

2017 Female Population 50.8% 52.3% 52.1%

2017 Median Age 40.1 43.0 43.7

Households2017 Total Households 2,191 18,574 28,132

2022 Total Households 2,228 18,645 28,301

2010-2017 Annual Rate 0.42% 0.05% 0.11%

2017-2022 Annual Rate 0.34% 0.08% 0.12%

2017 Average Household Size 2.24 2.21 2.27

Median Household Income2017 Median Household Income $24,094 $34,563 $37,462

2022 Median Household Income $23,712 $35,043 $38,128

2017-2022 Annual Rate -0.32% 0.28% 0.35%

Average Household Income2017 Average Household Income $35,218 $46,525 $50,484

2022 Average Household Income $37,374 $50,795 $55,323

2017-2022 Annual Rate 1.20% 1.77% 1.85%

Per Capita Income2017 Per Capita Income $15,745 $20,759 $22,160

2022 Per Capita Income $16,700 $22,612 $24,236

2017-2022 Annual Rate 1.18% 1.72% 1.81%

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Demographics


Demographics | 5 Mile Radius

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Parkersburg, WVAs a proud part of Wild Wonderful West Virginia, Parkersburg and the Wood County area offers incomparable natural beauty with the convenience of mild weather. But that’s only the beginning. Low crime rates, low commuting times and state-of-the-art healthcare facilities, combined with lower-than-average cost of living, excellent education systems and an abundance of close-proximity outdoor activities make Parkersburg and the Wood County area a premier choice to raise a family, retire, or just enjoy a better overall quality of life.

WVU Medicine – Camden-Clark Medical Center celebrates more than a decade of continually receiving the Consumer Choice Award for some of the best quality and image in over 300 markets throughout the US. Major service lines include Cancer, Cardiovascular, Women and Children, Neuro/Ortho/Trauma, Primary and Specialty Medicine as well as Behavioral health.

Wood County is home to several universities, colleges, and technical schools as well as a dynamic public school system that enrolls 13,000 students. The county excels at education early on more than 30 Pre-K classes. Wood County has a program to meet student needs whether college bound or to enter the workforce. Wood County Technical Center and Caperton Center offer career and technical education.

• Local College and University Campuses: • West Virginia University at Parkersburg • Ohio Valley University • American National College • Mountain State College • West Virginia University at Parkersburg • Ohio Valley University • American National College • Mountain State College

Despite the many positive developments in the community, the City of Parkersburg is continually seeking ways to grow its appeal and economy by building new opportunities for residents, businesses and anyone looking to have fun. Currently, new residential housing construction is planned throughout the city, with additional renovations occurring as industrial activity in the region increases. New residents will be surprised how much house they get for their money, with existing single-family houses valued at less than half the national average, and newer units priced aggressively. Business owners will also find untapped potential with premier workforce and an ever-increasing demand for new commercial services, as well as many local and state organizations that are committed to helping new and existing businesses grow. Residents and business owners alike can take advantage of the exceptional quality of life that Parkersburg provides – with a growing list of recreational and leisure activities within the City and nearby communities. Currently, many projects are underway that prove that the City of Parkersburg is achieving the growth goals established by the City’s leadership.

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Market Overview


JONATHAN W HIPPPRESIDENT & CEO


JIM ISBELLDIRECTOR


Who Are We? Calkain Companies LLC is a national commercial real estate firm that provides consulting and brokerage services to both private and institutional clientele with an expertise on triple net lease investments. We pride ourselves on being a world class leader by providing our clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, estate planning and wealth management.

We have built solid relationships throughout our decades of experience and innovation, implementing long-term allocation within the context of each client’s particular risk tolerance and identifying how best to acquire and dispose of income producing properties for each entities’ specific set of investment criterion. At Calkain, our foresight and past performance are leading the net lease investment industry.

Our HistoryLike most success stories, Calkain was formulated from humble beginnings. Jonathan W. Hipp, President and CEO, took the initiative to build upon his decades of experience and performance and left a large international brokerage firm to become an independent and innovative leader within the triple net lease investment community. Armed with a sole employee and a single office, the firm has grown exponentially since its infancy in 2005.

With the growth in staff, seasoned professionals have been attracted to Calkain’s model of innovation, entrepreneurship and the fostering of long-lasting and meaningful relationships. Industry experts have joined Calkain in the hopes of implementing the skills they have honed in complementary aspects of real estate investment.

Through a tremendous endeavor, tireless hours have been committed to continually prove that Calkain is America’s Net Lease Company®. Its countless accolades received from the world’s leading business publications, including Forbes™, Fortune™ and the New York Times™ have confirmed that Calkain is a true leader in triple net lease investing services.

Client Testimonial

“USRA has worked with Calkain on numerous occasions. They have always been meticulous in their work ethic, providing superior service and extremely prompt attention to our needs. I highly recommend them.

- Jack Genende, Partner | U.S. Realty Advisors, LLC. (USRA)

$12 Billion in Closed Transactions

$350 Million

in Active Listings

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C A L K A I N .C O MC A L K A I N .C O M

About Calkain

DISCLAIMER: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regula-tions, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Contact Us

Corporate Headquarters Washington, DC12930 Worldgate Drive | Suite 150 Herndon, VA 20170 T: (703) 787-4714 • F: (703) 787-4783

Fort Lauderdale200 SW 1st Avenue | Suite 880 Fort Lauderdale, FL 33301 T: (813) 282-6000

Atlanta111 Village Parkway, Building 2 | Suite 202 Marietta, GA 30067 T: (404) 900-5629

Boston101 Federal Street | Suite 1900 Boston, MA 02110 T: (617) 261-8584

Philadelphia3477 Corporate Parkway | Suite 100 Center Valley, PA 18034 T: (610) 410-5410

CALKAIN.COM

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