Single Tenant Property For Sale

transcript

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

Essilor International (EURONEXT: EI.PA) 3710 Belmont Avenue

Youngstown, Ohio 44505

1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) PropertyOverview

4) Aerial

5) SitePlan

6) Maps

7) TenantProfile

8) DemographicComparisonReport

9) LocationOverview

10) ContactInformation

TABLE OF CONTENTS

TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER

TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantEssilorInternationalpropertylocatedinYoungstown,OhioalongInterstate80.The29,710squarefootflexbuildingisusedbyClassicOpticalLaboratories,awhollyownedsubsidiaryof Essilor International, tomanufacture over2,000eye glassesper day. Essilor International is the leadingmanufacturerandwholesaledistributorofopticallensesintheUnitedStatesandisapubliclytradedcompanyontheEuronextParisStockExchange(EI.PA)asoneofthefortylargestcompaniesinFrance.Thefrontofthebuildingisarecentlyrenovatedofficetosupportthesubsidiary’seyeglassmanufacturingbusiness,whichhasbeenaroundforover45years.ClassicOpticalLaboratorieshasoperatedatthislocatedsince1982.Thereareoverfouryearsremainingonthisnetleasethatfeaturesfour3-yearrenewaloptionswith3%rentalescalationsineach.

ThesubjectpropertyislocatedonBelmontAvenue(OhioStateRoute193),theprimarynorth-souththoroughfareinthetradearea.ThepropertybenefitsfromitscloseproximitytotheInterstate80andHighway11/711interchangewitheasyaccesstoInterstate80.ThereisaWalmartSupercenteranchoredshoppingcenterlocatedacrossthestreetwhichcreatesstrongtrafficflowintheimmediatearea.ItislocatedwithinadenseretailcorridorwithmanynationalretailersintheimmediatevicinityincludingChaseBank,McDonald’s,O’ReillyAutoParts,Aldi,BigLots,DollarGeneral,CitiTrends,andmanyothers.

ClassicOpticalLaboratorieshasbeensuccessfullyoperatingfor45yearsasanindustryleadersupplyingtheopticalindustrywithtop-quality,low-costeyewear.Theentirebusinessisconsolidatedtothislocation.Forthesereasons,EssilorInternationalacquiredClassicOpticalLaboratoriesinJuly2013.EssilorInternationalistheworldleaderforcorrectivelenseswithoperationsin54countries.DespitetheascensionofcontactandLasiksurgery,theeyeglassbusinesscontinuestoexpand.Thefacilitiesoperationcanbeseeninthisvideo:Link

Anew5yearleasewassignedwhenEssilorInternationalpurchasedClassicOpticalLaboratoriesinJuly2013.Therearefour3-yearrenewaloptionswith3%rentalescalationsineach.EssilorInternationalisapubliclytradedcompanyontheEuronextParisStockExchange(EI.PA)withamarketcapitalizationinexcessof€17billion

INVESTMENT HIGHLIGHTS

•Tenantisasuccessfulwholly-ownedsubsidiaryofEssilorInternationalandthetenanthasbeensuccessfullyoperatingfor45 yearsasanindustryleader

•EssilorInternationalisapubliclytradedcompanyontheEuronextParisStock Exchange(EI.PA)withamarketcapitalizationinexcessof€17billion

•ClassicOpticalLaboratorieshasoperatedatthislocationsince1982

•2,000eyeglassesperdayareproducedatthesitewiththecapacitytoexpandto 10,000perday

•LocatedacrossthestreetfromaWalmartSupercenteranchoredshoppingcenter

•CloseproximitytotheInterstate80&Highway11/711interchange

•LocatedintheimmediatevicinitytoaccesstoInterstate80

•Four3-yearrenewaloptionperiodswithrentalescalationsineach

•EssilorInternationalistheworldleaderforcorrectivelenseswithoperationsin54countries

EXECUTIVE SUMMARY

Price: $2,595,000

CapRate: 9.25%

RentSchedule: NOI EscalationDate

$240,000$247,200 8/1/2018(Option1)$254,616 8/1/2021(Option2)$262,254 8/1/2024(Option3)

RenewalOptions: Four3-YearwithRentalEscalations

LeaseCommencementDate: July3,2013

LeaseExpirationDate: July31,2018

Tenant: ClassicOpticalLaboratories,Inc.

ParentCompany: EssilorInternational(€17BillionMarketCapitalization)

YearBuilt: 1980

YearRenovated: 2012

LeaseType: NN(Roof,Structure&Parking)

BuildingSize: 30,000SF

LandSize: 1.77acres

PROPERTY OVERVIEW

AERIAL

OHIO STATE ROUTE 11

BELMONT PARKCEMETARY

SITE PLAN

NT AVEN

Essilor International is a French company that produces ophthalmic lenses along with ophthalmic opticalequipment.HeadquarteredinParis,France,EssilorInternationalispubliclytradedontheEuronextParisStockExchange(EI.PA)withamarketcapitalizationinexcessof€17billion.ThecompanyformedfromthemergerofophthalmicfirmsEsselandSilorin1972.Theynowoperatein54countriesand5continents.Theyaretheworld’slargestmanufacturerofophthalmiclenses.

Essilor USAistheleadingmanufacturerandwholesaledistributorofopticallensesintheUnitedStates.In1996,withtheestablishmentofEssilorLaboratoriesofAmerica,Inc.,Essilorbecamethefirstfullyintegratedopticalcompany in the United States, specializing in ophthalmic lens production,manufacturing, and distribution.ThroughoutAmerica,Essilorhasmorethan8,500employeeslocatedthroughout128prescriptionlaboratories,fourmanufacturingfacilities,twodistributioncentersandoneresearchanddevelopmentcenter.

Classic Optical Laboratories, Inc. has successfully supplied the optical industry with top-quality, low-costeyewear for45 years. Through their centralized,world-class lab located in Youngstown,Ohio, they producethousandsofcustomeyeglasseseverydayanddeliverthemtoEyecareProviders(ECPs)acrossthecountry.Inadditiontotheirmanufacturingbusiness,theymanagehigh-volumecontractsforinsuranceorganizations,ManagedCareOrganizations(MCOs),unionorganizationsandtrustfunds,educationalinstitutions,correctionalfacilities,manufacturing plants, and numerous federal and state government programs. In July 2013, theywerepurchasedbyEssilor Internationalandnowcontinuetooperate inthesamecapacityaswhollyownedsubsidiaryofthepubliclytradedFrenchcompany.

www.classicoptical.com/video.asp

Website: www.essilor.comEmployees: 50,000+NumberofCountries: 100StockSymbol: EuronextParisStockExchange:EI.PAMarketCapitalization: €17Billion

TENANT PROFILE

Population 3-mi 5-mi 7-mi

TotalPopulation 35,873 90,689 180,689TotalHouseholds 14,257 37,374 76,025

Income

AverageHouseholdIncome $44,721 $42,744 $44,305

DEMOGRAPHIC COMPARISON REPORT

Youngstown isacityinnortheastOhioandisthecountyseatofMahoningCounty.Youngstownis located approximately 65 miles southeast of Cleveland and 61 miles northwest ofPittsburgh.Youngstownhasitsownmetropolitanarea,butisoftenincludedincommercialandculturaldepictionsofthePittsburghTri-StateareaandGreaterCleveland.Youngstownlies ten miles west of the Pennsylvania state line, midway between New York City andChicagoalongInterstate80.YoungstownistheninthlargestcityinOhiowitha2010censuspopulationof66,982people.Additionally,thereareover565,000peoplelivingwithintheYoungstownMSA.It ishometoYoungstownStateUniversity,anurbanpubliccampusthat

servesapproximately15,000studentsandislocatedjustnorthofdowntown.

www.cityofyoungstownoh.com

LOCATION OVERVIEW

666DundeeRoad,Suite1801Northbrook,IL60062

Randy BlanksteinPresident847.562.0003rblank@bouldergroup.com

Jimmy GoodmanPartner847.562.8500jimmy@bouldergroup.com

CONTACT INFORMATION

Single Tenant Property For Sale

Real Estate