OFFERING MEMORANDUM - LoopNet › d2 › q04Jw_Kt0sXJpnmn75...Adam Baxter. Vice President. 205 394 3520 [email protected]. Lic: 000080803. Adam English. Managing Director 256 694

OFFERING MEMORANDUMUrgent Care Investment Portfolio | Montgomery, AL MSA

1475 AL-14, Selma, AL1026 S Eufaula Avenue, Eufaula, AL

Eufaula property pictured

Christian Services for Children

Highlan

d Aven

ue (19,9

20 VPD

)

Eufaula Avenue

(27,450 VPD)

Big H Chicken

TABLE OF CONTENTS

EXCLUSIVE REPRESENTATION

03 Disclaimer04 Transaction Summary05 Selma Property10 Eufaula Property15 Demographics & Metropolitan Map16 Tenant Summary

Adam BaxterVice President205 394 [email protected]: 000080803

Adam EnglishManaging Director256 694 [email protected]: 000096920

mailto:Adam%40stream-cp.com?subject=

This Offering Memorandum (“Memorandum”) is intended solely for the use of prospective investors in determining whether or not to pursue the possible acquisition of the Properties (“the Properties”) at 1475 Alabama 14 in Selma, Alabama and 1026 South Eufaula Avenue in Eufaula, Alabama. This Memorandum is of a proprietary and confidential nature. Prospective investors and/or their advisors are expressly forbidden from sharing this information with any individuals or organizations that are not directly connected with the analysis of this investment opportunity. STREAM Capital Partners, LLC (“SCP”) have been retained as the exclusive advisors for this investment opportunity. Any and all inquiries are to be directed to SCP.

By accepting this Memorandum, the recipient agrees that it will cause its directors, officers, employees and representatives to use the Memorandum and all of the information contained therein only to evaluate this specific investment opportunity and for no other purpose and shall return this Memorandum together with any copies to SCP upon request. This Memorandum contains confidential material which is non-public information. Receipt of this Memorandum constitutes your acknowledgment that you will maintain the information contained herein in strict confidence.

All information contained herein has been provided by the Organization, its affiliates or other sources that SCP deems reliable; however, SCP has not independently verified any of the information, including the financial estimates and projections and selected real estate information, contained herein. This Memorandum includes information about the Organization, including selected financial information, estimates and projections that reflect various assumptions concerning anticipated results, which may or may not prove to be correct and selected real estate information which may or may not prove to be correct. Such projections and estimates may or may not be indicative of future performance, which may be significantly more or less favorable than that as reflected herein.

In furnishing this Memorandum, none of the Organization, its affiliates or SCP undertakes any obligation to provide additional information or to correct or update any of the information set forth in the Memorandum. None of the Organization, its affiliates or SCP makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein in this Memorandum, or made available in connection with any further investigation of the Organization, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. The recipient should rely solely on the representations and warranties made to it by the Organization or its affiliates in any executed definitive agreement.

Under no circumstances should the Organization, its affiliates or any of their management, directors, shareholders, employees, customers or vendors be contacted directly.

DISCLAIMER

STREAM Capital Partners | 3

Portfolio Purchase Price: $2,890,000Portfolio Cap Rate: 7.50%Portfolio Annual Rent: $219,194

TRANSACTION SUMMARY

Lease Type: NNLandlord Responsibilities: Roof & StructureInitial Lease Term: 10 yearsRent Commencement: Fall 2016Rent Expiration: Fall 2026

Rent Increases: 10% every 5 yearsRenewal Options: Four, 5-year options

Lease Specifications

Purchase Price: $1,390,000Cap Rate: 7.50%Annual Rent: $105,367

SELMA PROPERTY1475 AL-14, Selma, AL

Purchase Price: $1,500,000Cap Rate: 7.50%Annual Rent: $113,827

EUFAULA PROPERTY1026 S Eufaula Avenue, Eufaula, AL

Lease Type: NNLandlord Responsibilities: Roof & StructureInitial Lease Term: 10 yearsRent Commencement: January 2017Rent Expiration: January 2027

Rent Increases: 10% every 5 yearsRenewal Options: Four, 5-year options

Lease Specifications

Building Size: Approx. 3,200 square feetLand Size: 0.61 acresYear Built: Fall 2016

Building Specifications Building Size: Approx. 3,200 square feetLand Size: 1.61 acresYear Built: Fall 2017

Building Specifications

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SELMA PROPERTY

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Christian Services for Children

AERIAL VIEWS

Highlan

d Aven

ue (19,9

20 VPD

)

STREAM Capital Partners | 6

AERIAL VIEWS

Christian Services for Children

Selma High School

High

land

Ave

nue (

19,92

0 VP

D)

STREAM Capital Partners | 7

AERIAL VIEWS

Christian Services for Children

STREAM Capital Partners | 8

The Montgomery, Alabama Metropolitan Statistical Area, commonly known as the Tri-Counties or the River Region, is a metropolitan statistical area in central Alabama. As of 2010, the Montgomery Metropolitan Statistical Area’s population was estimated at 374,536 people; it is the fourth-largest in the state.

Situated beside the Alabama River on the coastal Plain of the Gulf of Mexico, Montgomery is the capital city of the state of Alabama and the county seat of Montgomery County. In the 2010 Census, Montgomery’s population was 212,237 people. It is the second most populous city in Alabama, after Birmingham, and is the 115th most populous in the United States. Montgomery has a large military presence due to Maxwell Air Force Base, government agencies, and many universities such as Alabama State University, Troy University, and Auburn University, Faulkner University, and Huntingdon College.

Montgomery has won several national awards, such as the “Top City for Job Growth” by ziprecruiter.com and the “Best Historic City,” by USA Today.Montgomery has also been recognized nationally for its downtown revitalization and new urbanism projects. It was one of the first cities in the nation to implement Smart Code Zoning. Properties built since 2010 have performed well and are more than 97% occupied at rents nearly double the metro average. Investors have picked up retail properties in Montgomery in 2017 at almost double the rate of the previous year.

The larger base of manufacturing and blue-collar jobs also promotes demand for bargain chains and these companies represent most leasing here. In March 2018, ALDI signed a 23,000 SF lease in Prattville. Additionally, east coast surplus discounter Ollie’s Bargain Outlet recently announced it will be backfilling a 36,000 SF former HHGregg location in the North Montgomery Submarket, with a move-in expected this month. Other major move-ins by Pepboys, Hobby Lobby, Roses Stores, and Save-A-Lot have also moved into the area.

STREAM Capital Partners | 9Downtown Montgomery, AL

MARKET OVERVIEW

EUFAULA PROPERTY

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AERIAL VIEWS

Eufaula Avenue (27,450 VPD)

Big H Chicken

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AERIAL VIEWS

Eufaula Av

enue (27,4

50 VPD)

STREAM Capital Partners | 12

AERIAL VIEWS

Eufaula Avenue

(27,450 VPD)

Big H Chicken

STREAM Capital Partners | 13

Eufaula, Alabama, settled high upon a bluff overlooking the 45,000-acre Lake Eufaula, is located in southeastern Alabama along the Alabama-Georgia border, approximately 90 miles southeast of Montgomery, the state capital. According to the 2010 Census, the population was 14,478 people making Eufaula the largest municipality in Barbour County.

The economic base of Eufaula balances a healthy mix of tourism, light manufacturing, industry, service and agriculture. Industries in the Eufaula area range from an international manufacturer of steel buildings to an auto parts supplier for Hyundai Motor Manufacturing. Additionally, each year, over 10,000 fisherman flock to the town to experience what is touted as the best bass fishing in the world.

Over the past ten years, the City of Eufaula has experienced a steady growth due in large part to expansion of existing industries and the recruitment of new industries. Retail and service industries have also shown steady growth patterns. The City’s historic central business district is currently enjoying a strong occupancy rate, with a variety of stores, specialty shops, restaurants, and professional offices. More than 160 acres available for expanding or new industries to locate within the Lakepoint Industrial Park.

STREAM Capital Partners | 14Downtown Eufaula, AL

MARKET OVERVIEW

Montgomery, AL

STREAM Capital Partners | 15

DEMOGRAPHICS & METROPOLITAN MAP

Alabama State University

(4,800 students)

Troy University(14,243 students)

Maxwell Air Force Base

Auburn University(28,290 students)

Faulkner University(2,583 students)

Columbus, GA

Selma, AL

Selma Demographics5-Minute Drive

10-Minute Drive

15-Minute Drive

Population Estimate 15,226 27,362 30,595

Est. Avg. Household Income $42,542 $55,454 $55,693

Eufaula Demographics5-Minute Drive

10-Minute Drive

15-Minute Drive

Population Estimate 9,281 11,329 14,810

Est. Avg. Household Income $57,028 $58,632 $59,766

STREAM Capital Partners | 16

Headquartered in Birmingham, MainStreet Family Urgent Care (https://www.mainstreetfamilycare.com/) serves rural communities in Alabama byproviding quality healthcare with hometown convenience, compassion, and cost-effectiveness. In addition to a full-range of urgent care services,MainStreet Family Urgent Care also delivers a variety of preventative, wellness, and occupational health services.

MainStreet currently has sixteen locations throughout Alabama such as Sylacauga, Selma, Moody/Leeds, Oneonta, Alexander City, Valley, Arab,Eufaula, and Centre including the state’s first pediatric urgent care. MainStreet Family Urgent Care is planning to build another ten clinics in thenext 18 months. The future plans for the company’s primary care program include establishing micro-clinics, which will be a condensed version of current clinics with all the key items, and these clinics would be staffed with an on-site registered nurse. Patients can come into the clinic and interact with a primary care doctor via a telemedicine setup with a registered nurse assisting.

TelemedicineUrgent CarePrimary CareVaccinesLab TestsOccupational Health

TENANT SUMMARY

Services Offered

KidsStreet Urgent Care is Alabama’s only urgent care dedicated to kids. Open late seven days a week to dminister care to children and families when it is needed. KidsStreet Urgent Care strives to ensure most patients are in and out within an hour. During visits, kids are offered magic, mess-free, coloring kits to keep them entertained without touching germ-covered toys. Complimentary water, juice, hot chocolate, and coffee is available to all patients.

KidsStreet Urgent Care

https://www.mainstreetfamilycare.com/

CONTACT INFORMATION

BirminghamAL

StamfordCT

Los AngelesCA

4201 WEST IRVING PARK ROAD SUITE 200 CHICAGO, IL WWW.STREAM-CP.COM| ||

ChicagoIL

CharlotteNC

Ft. LauderdaleFL

Adam EnglishManaging Director

256 694 [email protected]

Lic: 000096920

Adam BaxterVice President

205 394 [email protected]

Lic: 000080803