abc supply 68 arch st, carnegie, pa 15106
TRANSCRIPT
ABC SUPPLY 68 ARCH ST, CARNEGIE, PA 15106
68 ARCH ST, CARNEGIE, PA 1510602
PAGE
Investment Summary
Lease Summary
Retail Aerial
Rent Schedule
Site Plan
About the Brand
Location Overview
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04
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07
08
09
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CORY KRUPINSKYAssociate(704) 703-9840
CONTACT INFORMATION
RICHARD BREHAUTDirector(704) 626-6829
ABC SUPPLY
TABLE OF CONTENTS
CONTACT CORY KRUPINSKY03
Loan quote provided by James Capital Advisors based on market conditions at this time. Actual rates and terms will vary based on market conditions at closing.
3.65%Rate
30 YearAmortization
Debt Quote
Brad KrausSenior Director, Head of Capital Markets(424) [email protected]
LTV<70%Loan quote provided by James Capital
Advisors based on market conditions at this time. Actual rates and terms will vary based on market conditions at closing. Please Contact:
Debt Quote
Brad KrausSenior Director, Head of Capital Markets(424) [email protected]
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Tenant
Street Address
City
State
Zip
GLA
Lot Size
Year Built / Renovated
ABC Supply
68 Arch St
Carnegie
PA
15106
2.58 AC
1940 / 2004
$48.00
$4.07
Price / SF
GLA
Rent / SF
ABC Supply Co., Inc. - ABC Supply is the largest wholesale distributor of roofing in the US and one of the nation’s largest distributors of siding, windows and other select exterior building products, tools, and related supplies. The company has grown to 811 locations, 15,000 associates, & 2019 annual revenue of over $12 billion.
Below Market Rent - ABC Supply is currently paying $4.07/SF, well below the average $9.10/SF for industrial space in the Parkway West Corridor. The space includes two separate buildings, 25% of which is office, and 15,000 SF of outdoor storage.
Close Proximity to Interstate 376 (97K VPD) and Interstate 79 (67K VPD) - The subject property benefits from its close proximity to a point of ingress and egress to Interstate 376 (97K VPD). I-376 is a major auxiliary route in the state of Pennsylvania, running along the states west border to downtown Pittsburgh. Interstate 79 (67K VPD) is designated from I-77 in Charleston, West Virginia to Pennsylvania Route 5 and PA 290 in Erie, Pennsylvania.
Long-Term Commitment to the Site - ABC Supply executed their original lease in 2012 with a 5-year lease. Upon expiration, they renewed for an additional 10 years while keeping their existing two (2), 5 year options.
6.50%
INVESTMENT SUMMARYABC SUPPLY
42,000 SF
$2,015,985List Price
Cap Rate
$131,039NOI
% 42,000 SF
CONTACT CORY KRUPINSKY04
Lease Type
Type of Ownership
Original Lease Term
Commencement Date
Lease Expiration
Term Remaining
Increases
Options
Double-Net (NN)
Fee Simple
5 Years
5.5+ Years
2.5% Annually
Two (2), 5-Year
Real Estate Taxes
Insurance
Roof & Structure
Lease Guarantor
Company Name
Ownership
Years in Business
Number of Locations
Landlord Responsible
Tenant Responsible
Landlord Responsible
Corporate
ABC Supply
Private
Strong Infill Demographics - There are over 87,800 residents within a three-mile radius of the subject property and over 242,700 residents within a five-miles radius.
Building and Environmental in Good Condition - Originally bought for the Seller’s own business in 2004, the Seller renovated the space which included replacing the roof. A limited environmental phase 2 was completed and remediated as this site is a heavy industrial park. Small amounts of PCBs were detected so the Seller had the soil removed and resolved all environmental issues.
Dominate Name in the Roofing Industry - Since the company started in 1982, ABC has acquired 25 independent companies, their latest acquisition was Gutter Source, Inc in July 2021. The opportunity to supplement with organic growth and strategic acquisitions makes them well positioned as a company for long-term success.
Downtown Pittsburgh - The subject property is only 6 miles from downtown Pittsburgh with a population of over 300,000 people and home of the Pittsburgh Steelers (NFL), Pirates (MLB), and Penguins (NHL).
Lease summaryABC SUPPLY
07/01/2012
07/31/2027
39
811+
68 ARCH ST, CARNEGIE, PA 1510605
RETAIL AERIALABC SUPPLY
68 ARCH ST, CARNEGIE, PA 1510606
ABC SUPPLY
RETAIL AERIAL
CONTACT CORY KRUPINSKY07
Period Term Annual Rent Monthly Rent Increase Rent / SF
08/01/2021 - 07/31/2022 Base Term $171,039 $14,253 2.50% $4.07
08/01/2022 - 07/31/2023 Base Term $175,243 $14,604 2.50% $4.17
08/01/2023 - 07/31/2024 Base Term $179,698 $14,975 2.50% $4.28
08/01/2024 - 07/312025 Base Term $184,191 $15,349 2.50% $4.39
08/01/2025 - 07/312026 Base Term $188,795 $15,733 2.50% $4.50
08/01/2026 - 07/312027 Base Term $193,515 $16,126 2.50% $4.61
08/01/2027 - 07/312028 1st Option $198,377 $16,531 2.50% $4.72
08/01/2028 - 07/312029 1st Option $203,361 $16,947 2.50% $4.84
08/01/2029 - 07/312030 1st Option $208,469 $17,372 2.50% $4.96
08/01/2030 - 07/312031 1st Option $213,704 $17,809 2.50% $5.09
08/01/2031 - 07/312032 1st Option $219,071 $18,256 2.50% $5.22
08/01/2032 - 07/31/2033 2nd Option $224,572 $18,714 2.50% $5.35
08/01/2033 - 07/31/2034 2nd Option $230,210 $19,184 2.50% $5.48
08/01/2034 - 07/31/2035 2nd Option $235,989 $19,666 2.50% $5.62
08/01/2035 - 07/31/2036 2nd Option $241,913 $20,159 2.50% $5.76
08/01/2036 - 07/31/2037 2nd Option $247,985 $20,665 2.50% $5.90
ABC SUPPLY
RENT SCHEDULE
68 ARCH ST, CARNEGIE, PA 1510608
ABC SUPPLY
SITE PLAN
68 ARCH ST, CARNEGIE, PA 1510609
ABC Supply Co.
ABC Supply Co. is the largest wholesale distributor of roofing in the U.S. & one of the nation’s largest wholesale distributors of exterior & interior building products. ABC Supply’s sole focus has been serving professional contractors & “making it easy” for them to do their jobs by offering the products, support & services they need.
50 StatesGeographical Footprint
811+Number of Locations
15,000+Number of Employees
$12 BillionAnnual Revenue
ABC Supply Releases myABCsupply
Customers can now place orders day or night through the contactless app.Read More >
ABC Acquires Exterior Building SupplyThe purchases will strengthen the company’s presence in the Boise market.Read More >
ABC Acquires Midwest Supply
The acquisition allows ABC Supply to enhance its service in Madison.Read More >
ABC Wins Employee Choice Award
ABC Supply wins Glassdoor’s Employees’ Choice Award for the 2nd straight year.Read More >
ABC SUPPLY
ABOUT THE BRAND
$
68 ARCH ST, CARNEGIE, PA 1510610
Close Proximity to Wheeling & Lake Erie Railway (W&LE)
The largest Ohio based railroad and among the largest regional railroads in the country. Their service area includes 840 miles of track in Ohio, West Virginia, Pennsylvania, and Maryland. W&LE currently has over 425 employees, serves over 135 customers and moves over 140,000 carloads a year. W&LE interchanges with three Class I carriers, and 16 regional and shortline carriers.
University of Pittsburgh
Only 9 miles from the University of Pittsburgh, a state-related public research university in Pittsburgh, PA. The university is composed of 17 undergraduate and graduate schools and colleges at its urban Pittsburgh campus, home to the university’s central administration and 28,391 undergraduate and graduate students.
Carnegie, PA
Carnegie, PA is a borough in Allegheny County, Pennsylvania, and is part of the Pittsburgh metropolitan area. It is approximately 5 miles southwest of Pittsburgh. Chartiers Creek runs through the center of the borough and one tributary, Campbells Run, joins Chartiers Creek. Carnegie is located at the intersection of Interstates 279 and 79 and links with communities to the south by Route 50 and to the east and west by Noblestown Road. The borough covers 1.3 square miles with more than over 400 businesses that have a home address in Carnegie.
Pittsburgh, PA
A population of 302,971 residents live within the city limits as of the 2020 US Census, making it the 68th-largest city in the U.S. and the second-most populous city in Pennsylvania, behind Philadelphia. The Pittsburgh metropolitan area is the anchor of Western Pennsylvania; its population of 2.37 million is the largest in both the Ohio Valley and Appalachia, the second-largest in Pennsylvania, and the 27th-largest in the U.S.
ABC SUPPLY
LOCATION OVERVIEW
68 ARCH ST, CARNEGIE, PA 1510611
1. Carnegie Museum of Art17 Min Drive9.8 Miles From Subject Property
2. The Andy Warhol Museum14 Min Drive7.1 Miles From Subject Property
3. Carnegie Museum of Natural History21 Min Drive9.5 Miles From Subject Property
4. Heinz Field16 Min Drive7.1 Miles From Subject Property
5. Carnegie Science Center19 Min Drive6.5 Miles From Subject Property
6. Pittsburgh Zoo28 Min Drive13.3 Miles From Subject Property
ABC SUPPLY
LOCATION OVERvIEW
68 ARCH ST, CARNEGIE, PA 1510612
Carnegie Museum of Art
The museum has a collection of over 34,000 works emphasizes art, architecture, photography. It was the first museum in the United States with a primary focus on contemporary art.
Heinz Field
Heinz Field is a football stadium located in the North Shore neighborhood of Pittsburgh. t primarily serves as the home of the Pittsburgh Steelers of the National Football League.
The Andy Warhol Museum
This museum is is the largest museum in North America dedicated to a single artist. The museum holds an permanent collection of art and archives from the Pittsburgh-born pop art icon Andy Warhol.
Carnegie Science Center
The Carnegie Science Center is one of the four Carnegie Museums of Pittsburgh. It is is the most visited museum in Pittsburgh. It has four floors of interactive exhibits.
Carnegie Museum of Natural History
The museum consists of 115,000 SF organized into 20 galleries as well as research, library, and office space. It holds some 22 million specimens, of which about 10,000 are on view at any given time.
Pittsburgh Zoo & PGG Aquarium
The Pittsburgh Zoo & PPG Aquarium is one of only six major zoo and aquarium combinations in the US. The zoo sits on 77 acres of park land where it exhibits more than 4,000 animals representing 475 species.
ABC SUPPLY
LOCATION OVERvIEW
060504
01 02 03
68 ARCH ST, CARNEGIE, PA 1510613
POPULATION
2026 Projection
2021 Estimate
2010 Census
1-Mile 3-Mile 5-Mile
HOUSEHOLDS
2026 Projection
2021 Estimate
2010 Census
Average Income $84,165 $86,028 $89,183
Median Income $65,982 $66,141 $65,276
1-Mile 3-Mile 5-Mile
Carngie, PA
The downtown area on and about Main Street hosts shops and small offices in the small-town style of storefronts along the street with living space or businesses on the second or third floors. Many of the large stately houses along Washington Avenue have been gentrified into offices, but maintain the look and feel of the family homes they once were. To complement the small to medium businesses, Carnegie Office Park is at the Rosslyn Farms exit of the Parkway with six multi-story buildings and an extended stay hotel for business travelers.
ABC SUPPLY
DEMOGRAPHICS
3,425
3,425
41,652
41,652
108,529
108,529
3,333
3,333
40,610
40,610
108,582
108,582
3,298
3,298
40,195
40,195
108,031
108,031
@jamescapitaladvisorswww.jamescapitaladvisors.com14
The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Brian Brockman (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto.
The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.
A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or com-parable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.
This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.
This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.
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JAMES CAPITAL ADVISORS, INC.
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LISTING AGENTS
Associate
CORY KRUPINSKY (704) 703-9840
[email protected] RE Lic. 02086327
BROKER OF RECORD
Brian BrockmanBang Realty - Pennsylvania, Inc
(513) [email protected] RE Lic #: RM423816CORP. Lic #: RB068727
(704) [email protected] RE Lic. 01934760
RICHARD BREHAUTDirector
JAMES CAPITAL ADVISORS, INC.
CONTACT INFORMATION