CHARLOTTE, NC NNN INVESTMENT
Offering Memorandum
$1,375,000
7.0% Cap Rate
9.22% Cash on Cash
13.83% Actual
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus &
Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide
summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a
substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or
expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or
absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, 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. The information contained in this Marketing
Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor
has Marcus & Millichap conducted any investigation regarding these matters and makes 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. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's
logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any
agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective
customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
CHARLOTTE, NC NNN INVESTMENT
Charlotte, NC
ACT ID Y0860199
Charlotte, North Carolina
3
CHARLOTTE, NC NNN INVESTMENT
Offering Memorandum
David B. Fisher, CCIMNet Lease Investments
D. (832) 442-2828C. (936) 320-3737
Limited Nonresident Commercial Real Estate BrokerLicense TX: 691654
Activity ID: Z0860020
1450 Lake Robbins Drive, Suite 300The Woodlands, TX 77380
1307 W. Morehead Street, Suites 204 & 206 Charlotte, North Carolina 28208
Photo is of adjacent office development - NAP
INVESTMENT SUMMARY…Offering Summary
Investment Overview
Investment Highlights
Site Plan
Property Photos
FINANCIAL ANALYSIS…Financial Summary
Operating Statement
Tenant Profile
MARKET COMPARABLES…Sales Comparables
For Sale Comparables
Lease Comparables
MARKET OVERVIEW…
Market Overview
Demographic Analysis
TABLE OF CONTENTS
3,452 SF| NET LEASABLE AREA |
06
07
08
10
12
14
15
17
18
2226
29
33
CHARLOTTE, NC NNN INVESTMENT
OFFERING SUMMARY
Price $1,375,000
Net Operating Income $96,250
Capitalization Rate – Current 7.00%
Price / SF $398.32
Rent / SF $27.88
Lease Type Absolute Net
Gross Leasable Area 3,452 SF
Year Built / Renovated 1928 / 2004
Lot Size 1 acre(s)
EXECUTIVE SUMMARY
FINANCING
Loan Amount $1,031,250
Loan Type Financed - New Loan
Loan to Value 75.00%
Down Payment 25% / $343,750
Interest Rate / Amortization 4.75% / 30 Years
Annual Loan Payment $64,554
Net Cash Flow After Debt Service 9.22% / $31,696
Cash on Cash Return 9.22%
Total Return 0.00% / $47,609
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES *
Compass Holdings Inc 105,300
Ruddick Operating Company LLC 20,000
Bank of America NA 8,000
Spectra Energy Capital LLC 7,000
Charltte-Mecklenburg Hosp Auth 5,313
Levine Childrens Hospital 5,064
CAROLINAS MEDICAL CENTER 4,900
Dowd YMCA 4,082
Carolinas Healthcare System 3,800
Btac Acquisition LLC 3,605
Btac Holding Corp 3,603
Baker & Taylor Fulfillment Inc 3,573
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2017 Estimate Pop 8,254 91,667 196,146
2017 Census Pop 6,543 76,958 168,041
2017 Estimate HH 3,470 39,778 83,151
2017 Census HH 2,744 32,667 70,479
Median HH Income $31,011 $39,336 $45,821
Per Capita Income $19,174 $33,793 $36,409
Average HH Income $45,567 $76,208 $84,767
* # of Employees based on 5 mile radius
OFFERING SUMMARY
CHARLOTTE NNN
OFFERING SUMMARY
CHARLOTTE, NC NNN INVESTMENT
Marcus & Millichap is pleased to present to qualified investors the opportunityto acquire fee simple ownership of two contiguous units (#204 & #206) in aquality constructed, mixed-use office condominium building located in Charlotte,North Carolina. The investment is absolute net leased with 100% of expensesbeing paid directly by the single tenant and is located in Mecklenburg County,adjacent to the South End and Uptown sub-markets, which are two of the mostsought after markets within the Charlotte, North Carolina metroplex area. Theproperty is 25,800 SF and consists of 18-condominium units with 100 sharedparking spaces (free of charge) located at the rear of the building with fourseparate ingress and egress points.
The two units have been occupied by AC&M Group since 2012 and there are 5-years, 3-months remaining on the lease term with four (5) year options torenew. The lease is “absolute net”, where all expenses are passed through to thetenant including roof, structure and reserves for replacement and are paiddirectly by the tenant. The tenant invested over $150,000 of their own capital intheir interior improvements which shows strong commitment to the area. Theproperty will generate $96,250 in Net Operating Income for the first year ofownership with rent increases of 2% per year thereafter. The property was builtin 1928, underwent extensive renovations in 2008 and is known as The CraneBuilding and considered “historic”.
The property is lies between two class-A projects currently under development.On the east side is The Refinery, a brand new 107,000 SF office building withretail on the ground floor. The neighbor on the West side is Arlo, a 300-homeClass A multifamily apartment resort also with retail on the ground floor. Thetenant is a highly successful marketing agency that has grown to a staff of 35and is e-commerce resistant. There is a high demand by companies seekingunique and inspiring office space in the immediate area which bodes well forcontinued inflationary pressure on local rent rates.
OFFERING SUMMARY
CHARLOTTE NNN
INVESTMENT OVERVIEW
CHARLOTTE, NC NNN INVESTMENT
7
INVESTMENT HIGHLIGHTS
▪ 7.00% CAP RATE
▪ TENANT COMMITTED - $150k IN TI's PAID BY TENANT
▪ WALKING DISTANCE TO PANTHERS STADIUM & UPTOWN
▪ STRONG TENANT FINANCIALS W/ CORP. GUARANTEE
▪ HERE SINCE 2012! NEW 5-YEAR LEASE RENEWAL
▪ ABSOLUTE NET LEASE
▪ ZERO MANAGEMENT
▪ VERY DESIRABLE FREEMOREWEST LOCATION
▪ FLANKED BY TWO CLASS “A” DEVELOPMENT PROJECTS
▪ SHORT STROLL TO POPULAR LOCAL AREA RESTAURANTS
INVESTMENT | HIGHLIGHTS
#8
CHARLOTTE, NC NNN INVESTMENT
#
1307 W Morehead St, Charlotte, NC 28208
OFFERING SUMMARY
CHARLOTTE NNNCHARLOTTE, NC NNN INVESTMENT
REGIONAL AND LOCAL MAP
#9
The property is ideally located on W. Morehead St. which is a primary transportation artery connecting the property to South End, Uptown,Dilworth and the rest of the city. W. Morehead generates in excess of 16,500 APD. The subject also benefits from easy access to InterstateHwy 77 and a population base exceeding 217,000 within a 5-mile radius of the site.
Arlo
The RefinerySubject
OFFERING SUMMARY
CHARLOTTE NNN
SITE PLAN
CHARLOTTE, NC NNN INVESTMENT
#10
“AC&M has been a key & valuable partner in New Balance’s launch in the U.S. soccer marketplace. Their industry knowledge, professionalism, creativity and execution of plans have been integral in our strategy, events and activation. We highly recommend AC&M and look forward to continuing our partnership!”
______________________________
Tom Taylor, Specialty Channel MarketingNew Balance
“We love working with the AC&M team. The team consistently goes above and beyond in helping us achieve our marketing goals.”
_________________________________
Jimmy McIntyre, Vice President of MarketingSOCCER.COM
PROPERTY PHOTOS
CHARLOTTE, NC NNN INVESTMENT
#13
PROPERTY SUMMARY
NOTES
OFFERING SUMMARY
CHARLOTTE NNN
FINANCIAL SUMMARY
CHARLOTTE, NC NNN INVESTMENT
#14
FINANCIAL ANALYSIS
Income Year 1 Per SF
Scheduled Base Rental Income 96,250 27.88
Expenses Paid Direct
Insurance & Common Office Area 7,388
Real Estate Property Taxes 3,048
Business Personal Property Tax 1,221
Electricity 4,020
Water / Sewage (Incl. in COA)
Office Cleaning 4,080
Total Direct Paid $19,757 100% $5.72
Operating Expenses Year 1 Per SF
Total
Expenses$19,757 $5.72
Expenses as % of EGR 20.0%
Net Operating Income $96,250 $27.88
OFFERING SUMMARY
CHARLOTTE NNN
OPERATING STATEMENT
CHARLOTTE, NC NNN INVESTMENT
#15
AC&M Group is a full-service marketing agencythat excels in using Cultural Insights to connectbrands with their consumers.
The AC&M Group is truly a close-knit and well-versed family of 35 employees and threepartners. Each individual brings their ownspecial approach to marketing and our team'scultural backgrounds and passion formarketing are what make us so unique as ateam.
Today, we are proud that our team includessome of the best creative and strategic mindsin the industry.
Jaime Cardenas, Co-Founder, CEO
General Information
Tenant Name AC&M Group LLC (Est. 2004)
Website http://acmconnect.com/
Headquartered Charlotte, NC
Rentable Square Feet 3,452 SF
Lease Commencement / Renewal 5/1/2012 / 2/15/2018
Lease Expiration 5/31/2023
No. of Locations 1
TENANT PROFILE
CHARLOTTE, NC NNN INVESTMENT
A Sample of Satisfied Customers
#17
MARKET
COMPARABLESCOMPARABLES
OFFERING SUMMARY
CHARLOTTE NNN
CHARLOTTE – SOUTH END & UPTOWN
CHARLOTTE, NC NNN INVESTMENT
#18
CHARLOTTE NNN
(SUBJECT)
229 E Kingston Ave
1932 W Morehead St
1111 The Plz
SALES COMPARABLES
1
2
3
COMPARABLES MAP
CHARLOTTE, NC NNN INVESTMENT
#19
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
SALES COMPARABLES
SUBJECT PROPERTY
Asking Price $1,375,000
Price/SF $398.32
CAP Rate 7.00%
GLA 3,452 SF
Lot Size 1 acre(s)
Year Built 1928
Lease Term Remaining 5.3 Years
CHARLOTTE NNN INVESTMENT1307 W Morehead St, Charlotte, NC, 28208
1
Close Of Escrow 10/18/2017
Sales Price $1,200,100
Price/SF $376.92
GLA 3,184 SF
Year Built 1905
Lease Term Remaining 3 Years
229 E KINGSTON AVE229 E Kingston Ave, Charlotte, NC, 28203
2
Close Of Escrow 5/23/2017
Sales Price $1,897,424
Price/SF $378.65
GLA 5,011 SF
Year Built 1932
Lease Term Remaining 1 Years
1932 W MOREHEAD ST1932 W Morehead St, Charlotte, NC, 28208
PROPERTY NAME
MARKETING TEAMSALES COMPARABLES
CHARLOTTE, NC NNN INVESTMENT
#20
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
SALES COMPARABLES
3
Close Of Escrow 8/15/2017
Sales Price $1,230,000
Price/SF $495.97
GLA 2,480 SF
Year Built 1973
1111 THE PLZ1111 The Plz, Charlotte, NC, 28205
4
Close Of Escrow 11/21/2016
Sales Price $3,975,000
Price/SF $500.82
GLA 7,937 SF
Year Built 2005
8930 BLAKENEY PROFESSIONAL DR8930 Blakeney Professional Dr, Charlotte, NC, 28277
5
NOTES
1,500 SF $27.50 NNN (3-year term).
Close Of Escrow 5/15/2017
Sales Price $6,500,000
Price/SF $392.58
GLA 16,557 SF
Year Built 2015
Lease Term Remaining 3 Years
11840 SOUTHMORE DR11840 Southmore Dr, Charlotte, NC, 28277
PROPERTY NAME
MARKETING TEAMSALES COMPARABLES
CHARLOTTE, NC NNN INVESTMENT
#21
CHARLOTTE NNN
(SUBJECT)
2237 Park Rd
112 S Tryon St Unit 1410
6505 Bannington Rd
8930 Blakeney Professional
Dr
6625 E Independence Blvd
FOR SALE COMPARABLES
1
2
3
4
5
PROPERTY NAME
MARKETING TEAMFOR SALE COMPARABLES MAP
CHARLOTTE, NC NNN INVESTMENT
#22
Avg. 5.60%
0.0
0.7
1.4
2.1
2.8
3.5
4.2
4.9
5.6
6.3
7.0
CharlotteNNN
2237Park Rd
112 S TryonSt Unit1410
6505Bannington
Rd
8930Blakeney
ProfessionalDr
6625 EIndependence
Blvd
Average Cap Rate
Avg. $421.77
$0.00
$60.00
$120.00
$180.00
$240.00
$300.00
$360.00
$420.00
$480.00
$540.00
$600.00
CharlotteNNN
2237Park Rd
112 S TryonSt Unit1410
6505Bannington
Rd
8930Blakeney
ProfessionalDr
6625 EIndependence
Blvd
Average Asking Price Per Square Foot
FOR SALE COMPARABLES FOR SALE COMPS AVG
PROPERTY NAME
MARKETING TEAMFOR SALE COMPARABLES
CHARLOTTE, NC NNN INVESTMENT
#23
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
FOR SALE COMPARABLES
SUBJECT PROPERTY
Asking Price $1,375,000
Price/SF $398.32
CAP Rate 7.00%
GLA 3,452 SF
Lot Size 1 acre(s)
Year Built 1928
Lease Term Remaining 5.3 Years
CHARLOTTE NNN1307 W Morehead St, Charlotte, NC, 28208
1
Asking Price $550,000
Rentable SF 1,505
Price/SF $365.45
Year Built 1930
2237 PARK RD2237 Park Rd, Charlotte, NC, 28203
2
Asking Price $803,700
Price/SF $389.39
GLA 2,064 SF
Year Built 1927
112 S TRYON ST UNIT 1410112 S Tryon St Unit 1410, Charlotte, NC, 28202
PROPERTY NAME
MARKETING TEAMFOR SALE COMPARABLES
CHARLOTTE, NC NNN INVESTMENT
#24
MARKETING TEAM
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
FOR SALE COMPARABLES
3
Asking Price $6,000,000
Price/SF $448.43
CAP Rate 5.60%
GLA 13,380 SF
Year Built 1992
6505 BANNINGTON RD6505 Bannington Rd, Charlotte, NC, 28226
5
Asking & Price $3,200,000
Price/SF $404.76
GLA 7,906 SF
Year Built 1991
6625 E INDEPENDENCE BLVD6625 E Independence Blvd, Charlotte, NC, 28212
4
Close Of Escrow (see above) 11/21/2016
Sales Price $3,975,000
Price/SF $500.82
GLA 7,937 SF
Year Built 2005
8930 BLAKENEY PROFESSIONAL DR8930 Blakeney Professional Dr, Charlotte, NC, 28277
PROPERTY NAME
MARKETING TEAMFOR SALE COMPARABLES
CHARLOTTE, NC NNN INVESTMENT
#25
CHARLOTTE NNN
(SUBJECT)
The Refinery
11840 Southmore Dr
16623 Birkdale Commons
Pky
LEASE COMPARABLES
1
2
3
PROPERTY NAME
MARKETING TEAMLEASE COMPARABLES MAP
CHARLOTTE, NC NNN INVESTMENT
#26
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
SALES COMPARABLES
SUBJECT PROPERTY
Rentable SF 3,452
Lease Rate/SF $27.88
Year Built 1928
Lease Term Remaining 5.3 Years
CHARLOTTE NNN1307 W Morehead St, Charlotte, NC, 28208
1
Rentable SF 3,500
Lease Rate/SF $36.00
Year Built 2018
NOTES
Under construction adjacent to subject property
THE REFINERY1213 W Morehead St, Charlotte, NC, 28208
2
NOTES
1,500 SF $27.50 NNN (3-year term).
Rentable SF 1,498
Lease Rate/SF $27.50
Year Built 2015
11840 SOUTHMORE DR11840 Southmore Dr, Charlotte, NC, 28277
PROPERTY NAME
MARKETING TEAMLEASE COMPARABLES
CHARLOTTE, NC NNN INVESTMENT
#27
MARKETING TEAM
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
LEASE COMPARABLES
3
NOTES
$27.00 NNN on a sublet.
Rentable SF 1,372
Price/SF $27.00
Year Built 1997
16623 BIRKDALE COMMONS PKY16623 Birkdale Commons Pky, Charlotte, NC, 28078
PROPERTY NAME
MARKETING TEAMLEASE COMPARABLES
CHARLOTTE, NC NNN INVESTMENT
#28
MARKET OVERVIEW
CHARLOTTEOVERVIEW
Located between the Blue Ridge Mountains and coastal plains, the
Charlotte metro stretches 3,198 square miles across the Piedmont
region of the Southeastern United States. It contains seven counties in
North Carolina: Mecklenburg, Gaston, Union, Cabarrus, Iredell, Rowan
and Lincoln. South Carolina counties include York, Lancaster and
Chester. A strong financial presence has contributed to the local
population growing to more than 2.4 million citizens, becoming one of
the nation’s fastest growing metros over the past 15 years. Charlotte is
the largest city, with more than 800,000 people, followed by Concord
and Gastonia, both with less than 100,000 residents.
METRO HIGHLIGHTS
POPULATION GROWTH
The population of the Charlotte metro will expand
faster than the U.S. rate during the next five years. A
large portion of the gain will be due to in-migration.
SKILLED WORKERS
Charlotte has a well-educated and highly trained
labor pool that is attracted by a variety of industries
and employers located in the metro.
ECONOMIC EXPANSION
The metro’s employment base is growing and
diversifying, drawing Fortune 500 companies.
MARKET OVERVIEW
CHARLOTTE, NC NNN INVESTMENT
#30
MARKET OVERVIEW
ECONOMY▪ Though the finance sector is a large driver of the economy, manufacturing, healthcare and
energy industries also play a vital role.
▪ The low cost of doing business attracts companies. Eight Fortune 500 companies have
headquarters in the region: Bank of America, Lowe’s, Quintiles Transnational Holdings,
Duke Energy, Family Dollar, Nucor, Sonic Automotive and Domtar.
▪ Highly ranked universities provide employment and produce a highly educated workforce,
drawing top companies to the area.
SHARE OF 2016 TOTAL EMPLOYMENT
MAJOR AREA EMPLOYERS
Carolinas HealthCare System
Wells Fargo
Bank of America
Charlotte-Mecklenburg Schools
Novant Health
Wal-Mart
Duke Energy Corp.
Food Lion LLC
Lowe’s
Harris Teeter* Forecast
MANUFACTURING
9%GOVERNMENT
HEALTH SERVICES
EDUCATION AND
+OTHER SERVICES
3%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
21%
AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
2%INFORMATION
17%
5%
13% 11% 8%
10%
MARKET OVERVIEW
CHARLOTTE, NC NNN INVESTMENT
#31
MARKET OVERVIEW
DEMOGRAPHICS
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
▪ The metro is expected to add nearly 210,000 people through 2021, resulting in the
formation of approximately 90,000 households.
▪ The median home price of $220,000 has allowed 66 percent of households to own
their home, which compares with the national rate of 64 percent.
▪ Roughly 31 percent of people age 25 and older hold bachelor’s degrees; among
those residents, 10 percent have also obtained a graduate or professional degree.
The Charlotte metro offers a wide variety of cultural and entertainment activities. Charlotte
hosts several historical sites due to the strong ties to the American Revolution, Civil War and
the first gold rush in the nation. Additional museums and cultural amenities include Bechtler
Museum of Modern Art, Historic Rosedale Plantation, Wells Fargo History Museum,
Charlotte Symphony Orchestra, Opera Carolina and the Carolina Renaissance Festival.
Charlotte offers professional football, basketball, soccer and lacrosse. The Carolina
Panthers and Charlotte Bobcats have stadiums in Uptown Charlotte. The metro includes the
legendary Charlotte Motor Speedway that hosts major NASCAR races.
37.1
2016MEDIAN AGE:
U.S. Median:
37.7
$53,900
2016 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$57,200
2.4M
2016POPULATION:
Growth2016-2021*:
8.6%
933K
2016HOUSEHOLDS:
9.1%
Growth2016-2021*:
QUALITY OF LIFE
2016 Population by Age
0-4 YEARS
6%5-19 YEARS
21%20-24 YEARS
6%25-44 YEARS
28%45-64 YEARS
26%65+ YEARS
12%
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s
Analytics; U.S. Census Bureau
MARKET OVERVIEW
CHARLOTTE, NC NNN INVESTMENT
#32
CREATED ON FEBRUARY 15, 2018
1 Miles 3 Miles 5 Miles
POPULATION
2022 Projection 7,764 94,341 201,857
2017 Estimate 8,254 91,667 196,146
2010 Census 6,543 76,958 168,041
2000 Census 8,300 72,594 157,984
INCOME
Average $45,567 $76,208 $84,767
Median $31,011 $39,336 $45,821
Per Capita $19,174 $33,793 $36,409
HOUSEHOLDS
2022 Projection 3,392 42,533 87,618
2017 Estimate 3,470 39,778 83,151
2010 Census 2,744 32,667 70,479
2000 Census 3,040 28,830 64,738
HOUSING
2017 $130,900 $188,413 $193,549
EMPLOYMENT2017 Daytime Population
13,345 246,652 398,067
2017 Unemployment 10.88% 9.93% 8.31%
2017 Median Time Traveled
23 23 23
RACE & ETHNICITY
White 17.67% 33.06% 40.45%
Native American 0.02% 0.06% 0.06%
African American 77.05% 57.82% 47.52%
Asian/Pacific Islander
1.34% 3.41% 4.51%
MARKETING TEAM
PROPERTY NAME
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMECHARLOTTE NNN
PRICING AND VALUATION MATRIX
PROPERTY NAME
DEMOGRAPHICSDEMOGRAPHICS
CHARLOTTE, NC NNN INVESTMENT
#33
MARCUS & MILLICHAP CAPITAL CORPORATION
CAPABILITIES
MMCC—our fully integrated, dedicated financing arm—is committed to
providing superior capital market expertise, precisely managed execution, and
unparalleled access to capital sources providing the most competitive rates and
terms.
We leverage our prominent capital market relationships with commercial banks,
life insurance companies, CMBS, private and public debt/equity funds, Fannie
Mae, Freddie Mac and HUD to provide our clients with the greatest range of
financing options.
Our dedicated, knowledgeable experts understand the challenges of financing
and work tirelessly to resolve all potential issues to the benefit of our clients.
National platform
operating
within the firm’s
brokerage offices
$5.1 billion total
national
volume in 2016
Access to more
capital sources
than any other
firm in the
industry
Optimum financing solutions to
enhance value
Our ability to enhance buyer
pool by expanding finance
options
Our ability to enhance
seller control
• Through buyer
qualification support
• Our ability to manage buyers
finance expectations
• Ability to monitor and
manage buyer/lender progress,
insuring timely,
predictable closings
• By relying on a world class
set of debt/equity sources
and presenting a tightly
underwritten credit file
WHY MMCC?
Closed 1,651
debt and equity
financings
in 2016
MARKETING TEAM
PROPERTY NAME
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMECHARLOTTE NNN
PRICING AND VALUATION MATRIX
PROPERTY NAME
DEMOGRAPHICSACQUISITION FINANCING
CHARLOTTE, NC NNN INVESTMENT
#34
N E T L E A S E D D I S C L A I M E R
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not
verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty
or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before
completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus &
Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of
this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to
your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal
and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a
guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a
tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors
may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to
market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own
investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant
if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant
considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost,
expense, or liability arising out of your investigation and/or purchase of this net leased property.
35