citgo gas station - braun · overview huntsville is the fourth-largest city in alabama and the...

2064 HIGHWAY 72 EASTHUNTSVILLE, AL 35811

OFFERING MEMORANDUM

HUNTSVILLE, AL

CITGO GAS STATION

PAGE | 2 800.784.5884 x2211 | BraunWorldbid.com

THIS IS AN OFFERING MEMORANDUM intended for the Citgo Gas Station located at 2064 Highway 72 East, Huntsville, AL 35811 as more particularly described here-in (“Property”). This memorandum contains information pertaining to the Property’s seller and has been prepared by BRAUN, (“BRAUN”). Although the seller has reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the seller, nor any of its members, officers, directors, employees or agents, nor BRAUN, nor broker, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The seller, BRAUN and broker disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental condition of the property, or as to any other aspect of the property.

OFFERING MEMORANDUM

PAGE | 4

Dem

ogra

phic

sPr

oper

ty P

lans


Prop

erty

D

escr

iptio

nIn

form

atio

nFi

nanc

ials

The Property1 2064 HIGHWAY 72 EAST | HUNTSVILLE, AL 35811CITGO GAS STATION


Prop

erty

D

escr

iptio

nCITGO

■ Location: 2064 Highway 72 East, Huntsville, AL 35811■ Size: 2.62 acres■ Shape: Rectangular■ Frontage: The site has 210 feet of frontage on HWY 72 East■ Topography: The site is level at street grade■ Drainage: Drainage appears adequate■ Utilities and Services: Public utilities include power and water■ Parking: Ample Parking■ Use: The site is currently in good standing as a Citgo gas station and truck stop■ Building Size: 4,175 Sq Ft + 4,140 Sq Ft gas station pump canopy■ APN: 3-1E-15.00.I-2■ 12 pumping stations■ 3 Diesel Fuel Stations■ Listing Price: $1,450,000

PROPERTY INFORMATION


Prop

erty

D

escr

iptio

nCITGO


Prop

erty

D

escr

iptio

nINDOORS

C-STORE RESTAURANT

LIQUOR STORE


Prop

erty

D

escr

iptio

nOVERHEAD VIEW

PAGE | 9

Dem

ogra

phic

sPr

oper

ty P

lans


Prop

erty

D

escr

iptio

nIn

form

atio

nFi

nanc

ials

Demographics2

Dem

ogra

phic

s


THE MARKETOVERVIEW

Located in Northern Alabama on Highway 72; a major east–west highway that travels for 337 miles from Memphis, TN; Huntsville is one of the most recognized cities in the Southeast. It is consistently recognized as one of the best places to live and work by a variety of national publications. Kiplinger’s Personal Finance named Huntsville as America’s Best City of 2009.

Home to several Fortune 500 companies, Huntsville also offers a broad base of manufacturing, retail and service industries. The quality of life here is sec-ond to none - with a variety of educational, recreational, and cultural oppor-tunities.

The National Trust for Historic Preservation included Huntsville in its “Ameri-ca’s Dozen Distinctive Destinations for 2010” list.

Downtown Huntsville

Dem

ogra

phic

s


DEMOGRAPHICSOVERVIEW

Huntsville is the fourth-largest city in Alabama and the largest city in the five-county Huntsville-Decatur Combined Statistical Area, which at the 2013 census had a total population of 683,871. In 2013, the Huntsville metropoli-tan area became the 2nd largest in Alabama with a population of 435,737.

The city is home to over 17 universities, colleges and technical schools. Uni-versity of Alabama in Huntsville is a center for technology and engineering research in the area with more than 7,700 students.

University of Alabama

Dem

ogra

phic

s


ECONOMIC INFORMATION

Huntsville is a business hub and draws consumers from well beyond its im-mediate area. The Huntsville metropolitan area is the largest commercial center in the northern Alabama.

The Huntsville-Madison County economy is represented by various sectors of employment. Cummings Aerospace Research Park in Huntsville, less than 20 minutes away, is home to 300 companies, employing over 25,000 persons. Its tenants include fifty-seven Fortune 500 companies, local and international high-tech enterprises, US Space and Defense agencies, a technology busi-ness incubator, technology-oriented high schools, and competitive higher education institutions.

There are several strip malls and shopping malls throughout the city. Hunts-ville has two enclosed malls—Madison Square Mall, Alabama’s largest en-closed shopping center and Parkway Place, an upscale shopping mall. There is an upscale lifestyle center Bridge Street Town Centre featuring more than 70 shops and restaurants.

Madison Square Mall, Huntsville Alabama

Dem

ogra

phic

s


CITY OF HUNTSVILLE

ECONOMY HUNTSVILLE, AL UNITED STATESFuture Job Growth 31.60% 36.10%Sales Taxes 9.00% 6.00%Income Taxes 5.00% 4.72%Income per Cap. $30,299 $28,051Household Income $48,632 $53,046Family Median Income $65,947 $64,585ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOMEIncome between 20K and 30K 12.37% 10.57%Income between 30K and 40K 9.97% 9.90%Income between 40K and 50K 8.17% 8.95%Income between 50K and 60K 7.18% 8.08%Income between 60K and 75K 8.83% 10.09%Income between 75K and 100K 10.97% 12.25%Income between 100K and 150K 12.49% 12.82%Income between 150K and 200K 5.19% 4.78%Income greater than 200K 4.36% 4.64%POPULATION BY OCCUPATIONManagement, business, finance 14.39% 14.36%Engineering, computers, science 11.23% 5.24%Community, social services 1.57% 1.66%Legal 0.97% 1.17%Education, library 6.09% 6.10%Arts, design, media, sports, entertainment 1.99% 1.88%Healthcare practitioners and technology 5.17% 5.49%Healthcare support 2.19% 2.47%Firefighters, law enforcement 1.65% 2.24%Food preparation, serving 6.24% 5.61%Building maintenance 4.45% 3.97%Personal care 2.87% 3.54%Sales, office, administrative support 24.30% 24.89%Farming, fishing, forestry 0.19% 0.73%Construction, extraction, maintenance/repair 6.23% 8.56%Production, transportation, material moving 10.46% 12.10%

PAGE | 14

Dem

ogra

phic

sPr

oper

ty P

lans


Prop

erty

D

escr

iptio

nIn

form

atio

nFi

nanc

ials

Financials3EXPRESS SPIRIT 2014

MONTH SALES TAX TOTAL MTDJanuary 14812.48 1183.30 15995.78 15995.78February 14392.00 1147.28 15539.28 31535.06

March 15771.88 1419.17 17191.05 48726.11April 13975.07 1257.60 15232.67 63958.78May 14923.87 1342.88 16266.75 80225.53June 12950.33 1164.37 14114.70 94340.23July 13302.20 1197.09 14499.29 108839.52

August 12353.54 1111.63 13465.17 122304.69September 12155.50 1093.79 13249.29 135553.98

October 12205.14 1098.32 13303.46 148857.44November 12790.00 1150.95 13940.95 162798.39December 13846.20 1246.10 15092.30 177890.69

Total 163478.21 14412.48 177890.69

CITGO FUEL EXPRESS 2014MONTH BEER GROCERY OTHER TOTAL MTDJanuary 16376.39 26593.57 16261.85 59231.81 59231.81February 14251.85 25895.29 15179.82 55326.96 114558.77

March 19110.81 30042.82 16392.70 65546.33 180105.10April 17271.47 29379.92 15952.89 62604.28 242709.38May 20388.06 32258.02 16977.14 69623.22 312332.60June 17739.65 31108.56 16381.54 65229.75 377562.35July 18280.79 31069.88 16165.24 65515.91 443078.26

August 19218.38 30052.44 16976.83 66247.65 509325.91September 17200.10 28390.47 17347.41 62937.98 572263.89

October 18098.61 24203.09 16312.78 58614.48 630878.37November 17795.32 22441.07 14805.05 55041.44 685919.81December 19081.80 23264.64 16541.44 58887.88 744807.69

Total 214813.23 334699.77 195294.69 744807.69


Fina

ncia

ls

FINANCIALS

CITGO FUEL EXPRESS GALLON YEAR: 2014MONTH UNLEAD PLUS SUPER GAS

TOTALDIESEL OFF

ROADDIESEL TOTAL

KERO TOTAL SALES YTD

January 36789.15 2576.99 2986.01 42352.15 45515.74 904.41 46420.15 899.17 89671.47 59231.81 59231.81February 31325.72 2160.52 2434.19 35920.43 39382.14 622.22 40004.36 292.01 76216.80 55326.96 114558.77

March 36630.17 2736.10 2962.64 42328.91 39512.33 645.96 40158.29 194.64 82681.84 65546.33 180105.10April 38018.64 2992.44 2810.96 43822.04 44529.56 617.37 45146.93 25.94 88994.91 62604.28 242709.38May 39107.85 3056.86 3022.76 45187.47 45065.02 1235.35 46300.37 12.27 91500.11 69623.22 312332.60June 38335.52 2927.55 2881.95 44145.02 48224.97 1346.93 49571.90 5.48 93722.41 65229.75 377562.35July 38443.43 3077.53 3570.03 45090.99 51513.02 1063.98 52577.00 0 97667.99 65515.91 443078.25

August 38105.16 2738.60 3249.60 44093.36 46593.22 348.98 46942.20 0 91035.56 66247.65 509325.91September 35267.91 2824.23 2703.86 40796.00 52658.13 1169.31 53827.44 12.65 94636.09 62937.98 572263.89

October 35523.99 2589.26 2736.71 40849.96 49837.80 492.42 50330.22 28.03 91208.21 58614.48 630878.37November 34253.28 2611.52 3089.64 39954.44 42198.77 811.21 43009.98 269.39 83233.81 55041.44 685919.81December 32889.41 2383.51 2858.85 38131.77 44997.98 1316.59 46314.57 199.06 84645.40 58887.88 744808.69

Total 434690.23 32675.11 35307.20 502672.54 550028.68 10574.73 560603.41 1938.64 1065214.60 744807.69

PAGE | 16

Dem

ogra

phic

sPr

oper

ty P

lans


Prop

erty

D

escr

iptio

nIn

form

atio

nFi

nanc

ials

Property Plans4PLAT MAP - C-STORE


Prop

erty

Pla

ns

PROPERTY PLANS

PLAT MAP - ADJACENT VACANT LAND TRACT

PAGE | 18

Dem

ogra

phic

sPr

oper

ty P

lans


Prop

erty

D

escr

iptio

nIn

form

atio

nFi

nanc

ials

Information5


Info

rmat

ion

INFORMATION

Offers are being considered on a first-come-first-offer basis. We suggest buyers conduct their due diligence as quickly as possible.

Email: [email protected]

■■ Fax: 310.798.8883■■ Mail: BRAUN Inc., 1230 Rosecrans Ave., Suite 160, Manhattan Beach CA 90266. Attention: Citgo Huntsville

BUYER BROKER PARTICIPATIONA two percent (2.0%) commission will be paid to any licensed agent who represents and registers a successful buyer.

PROPERTY INFORMATIONThe property information is a complete compilation of docu-ments, forms, reports, and information related to the property and is available on our website for review and download.

PROPERTY PREVIEWYou may view the property at anytime.

DUE DILIGENCE MATERIALSBraun is providing the following information:

■■ 2011 to 2014 Sales Reports■■ Leases ■■ Operating Agreement

OFFERING PROCESS


Info

rmat

ion

TIMELINE

PROPERTY INSPECTION You may preview the property at anytime.

COMPLETE DUE DILIGENCEAfter visiting the property, prospective buyers should perform their own due diligence,

including review of the property information at BraunWorldbid.com.

Submit your offer with proof of funds.


DISCLAIMER: BRAUN makes no representations or warranties on approved uses of the property. This brochure is provided for the sole purpose of allowing a potential buyer to evaluate the subject property. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor seller and broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any “hazardous materials” in relation to the property, such information shall in no way be con-strued as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, broker, sales agents or seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN will not be responsible if the property is unsatisfactory to the bidder in any way. All decisions by the Court shall be final. PROPERTY VALUE Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value.

DISCLAIMER

citgo gas station - braun · overview huntsville is the fourth-largest city in alabama and the...

Documents