EXCLUSIVE NET-LEASED OFFERING
EXCLUSIVE NET-LEASED OFFERING
Orscheln Farm & Home 360 North Ohio Street Salina, KS 67401
Offering Summary Price Current Net Operating Income
$2,323,944 $165,000
Cap Rate
7.10%
Gross Leasable Area (GLA)
33,383
Price/SF
$69.61
Rent/SF
$4.94
Down Payment Cash on Cash Return Year Built Lot Size
Offices Nationwide
$2,323,944
Tenant Summary Orscheln Farm & Home supplies agricultural goods for farm, home, ranch and suburban customers through its nearly 160 retail stores across nine Midwestern states and its website Orscheln offers animal feed and health items and other farm and ranch supplies. As part of its business, it also sells people products such as clothing and footwear, lawn and garden care items, hunting equipment, tools, hardware, automotive supplies, plumbing and electrical equipment and other home improvement items. Orscheln Farm & Home has been in the retail business since November of 1960.
7.10% 1973
Annualized Operating Data Tenant
Farm & Home
Lease Type
Absolute-Net
Lease Commencement
Upon Closing
Lease Expiration
June 30, 2030
Lease Term Remaining
15 Years
Options
4 5-Year
No. of Locations
Over 160
Web Site
www.orschelnfarmhome. com
2.93 Acres
Two Towne Square, Suite 450 Sout hfield, MI 48076 • Tel: (248) 415 - 2600 Fa x: (248) 352 -3813
www.marcusmillichap.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap (Activity ID: W0290160 Property ID: 1987125)
360 North Ohio Street • Salina, KS 67401 Investment Overview
Annual/Monthly Rent Schedule
The subject investment is an Orscheln Farm & Home retail store located at 360 North Ohio Street in Salina, Kansas. The subject property sits on approximately 2.93 acres and is comprised of a 33,383-square foot building. The building was constructed in 1973. This is a sale/leaseback investment. Orscheln’s will execute a 15-year absolute-net lease at closing. The lease calls for 7 percent rental increases every five years. The tenant will have four five -year renewal option terms. The subject property is near U-Haul, the Lakewood Middle School, Salina, Casey's General Store and Kansas-based Great Plains Manufacturing Company and Land Pride. Orscheln Farm & Home supplies agricultural goods for farm, home, ranch and suburban customers through its nearly 160 retail stores across nine Midwestern states and its website. O rscheln offers animal feed and health items and other farm and ranch supplies. As part of its business, it also sells people products such as clothing and footwear, lawn and garden care items, hunting equipment, tools, hardware, automotive supplies, plumbing and electrical equipment and other home improvement items. Orscheln Farm & home is headquartered in Moberly, Missouri.
Rent Increases
Annual Rent $165,000.00
Annual Rent/SF $4.94
Monthly Rent $13,750.00
% Increase
Financing Lender/Servicer
N/A
Loan Amount
$0
Loan Type
N/A
Maturity Date
N/A
Interest Rate
0%
Amortization
0
Annual Debt Service
$0
Demographics 2010 Population Investment Highlights
New 15-Year Absolute-Net Lease at Closing
Seven Percent Rental Increase Every Five Years
No Landlord Responsibilities
Priced Below Replacement Cost
Rent-To-Sales Ratio Near 6 Percent
Private Company in Business 55 Years
John Nuzman
Greg Bates
Vice President Investments Senior Director National Retail Group Tel: (248) 415-2600 Fax: (248) 352-3813 [email protected] www.marcusmillichap.com/JohnNuzman License: MI 6501246023
Supervising Broker Tel: (816) 410-1025 License: KS BR00035677
3 Miles
5 Miles
10 Miles
35,762
48,632
52,874
2010 Households
14,922
19,735
21,335
Average HH Income
$57,474
$58,789
$60,217
Exclusively Listed By: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap (Activity ID: W0290160 Property ID: 1987125)
Orscheln Farm & Home 360 North Ohio Street Salina, KS 67401
Offering Summary Price Current Net Operating Income
$2,323,944 $165,000
Cap Rate
7.10%
Gross Leasable Area (GLA)
33,383
Price/SF
$69.61
Rent/SF
$4.94
Down Payment Cash on Cash Return Year Built Lot Size
Offices Nationwide
$2,323,944
Tenant Summary Orscheln Farm & Home supplies agricultural goods for farm, home, ranch and suburban customers through its nearly 160 retail stores across nine Midwestern states and its website Orscheln offers animal feed and health items and other farm and ranch supplies. As part of its business, it also sells people products such as clothing and footwear, lawn and garden care items, hunting equipment, tools, hardware, automotive supplies, plumbing and electrical equipment and other home improvement items. Orscheln Farm & Home has been in the retail business since November of 1960.
7.10% 1973
Annualized Operating Data Tenant
Farm & Home
Lease Type
Absolute-Net
Lease Commencement
Upon Closing
Lease Expiration
June 30, 2030
Lease Term Remaining
15 Years
Options
4 5-Year
No. of Locations
Over 160
Web Site
www.orschelnfarmhome. com
2.93 Acres
Two Towne Square, Suite 450 Sout hfield, MI 48076 • Tel: (248) 415 - 2600 Fa x: (248) 352 -3813
www.marcusmillichap.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap (Activity ID: W0290160 Property ID: 1987125)
360 North Ohio Street • Salina, KS 67401 Investment Overview
Annual/Monthly Rent Schedule
The subject investment is an Orscheln Farm & Home retail store located at 360 North Ohio Street in Salina, Kansas. The subject property sits on approximately 2.93 acres and is comprised of a 33,383-square foot building. The building was constructed in 1973. This is a sale/leaseback investment. Orscheln’s will execute a 15-year absolute-net lease at closing. The lease calls for 7 percent rental increases every five years. The tenant will have four five -year renewal option terms. The subject property is near U-Haul, the Lakewood Middle School, Salina, Casey's General Store and Kansas-based Great Plains Manufacturing Company and Land Pride. Orscheln Farm & Home supplies agricultural goods for farm, home, ranch and suburban customers through its nearly 160 retail stores across nine Midwestern states and its website. O rscheln offers animal feed and health items and other farm and ranch supplies. As part of its business, it also sells people products such as clothing and footwear, lawn and garden care items, hunting equipment, tools, hardware, automotive supplies, plumbing and electrical equipment and other home improvement items. Orscheln Farm & home is headquartered in Moberly, Missouri.
Rent Increases
Annual Rent $165,000.00
Annual Rent/SF $4.94
Monthly Rent $13,750.00
% Increase
Financing Lender/Servicer
N/A
Loan Amount
$0
Loan Type
N/A
Maturity Date
N/A
Interest Rate
0%
Amortization
0
Annual Debt Service
$0
Demographics 2010 Population Investment Highlights
New 15-Year Absolute-Net Lease at Closing
Seven Percent Rental Increase Every Five Years
No Landlord Responsibilities
Priced Below Replacement Cost
Rent-To-Sales Ratio Near 6 Percent
Private Company in Business 55 Years
John Nuzman
Greg Bates
Vice President Investments Senior Director National Retail Group Tel: (248) 415-2600 Fax: (248) 352-3813 [email protected] www.marcusmillichap.com/JohnNuzman License: MI 6501246023
Supervising Broker Tel: (816) 410-1025 License: KS BR00035677
3 Miles
5 Miles
10 Miles
35,762
48,632
52,874
2010 Households
14,922
19,735
21,335
Average HH Income
$57,474
$58,789
$60,217
Exclusively Listed By: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap (Activity ID: W0290160 Property ID: 1987125)
