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CONFIDENTIALITY AND RESTRICTED USE AGREEMENT
The information (“Information”) contained in this Offering Memorandum (“Memorandum”) is confidential and furnished to you solely for the limited purpose of your review as a prospective purchaser of 11614 Allisonville Rd, Fishers, IN (“Property”) to determine whether you desire to express further interest in the acquisition of the Property and is not to be used for any other purpose or made available to any other person without the express written consent of Alrig USA ,the owner of the Property (“Owner”).
This Memorandum contains selected information pertaining to the Property and is not intended to be comprehensive or all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. The Information has been obtained from sources believed reliable, however it has not been verified. No representation, warranty, or guaranty, expressed or implied, is made by Owner or any of its directors, officers, affiliates or representatives as to the accuracy or completeness of this Memorandum or any of its contents, or any other written or oral communication transmitted to you in the course of your evaluation of the Property and no legal commitment, obligation or liability shall arise by reason of your receipt of this Memorandum or use of its contents or in connection with any other such written or oral communication; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the Property. Without limiting the generality of the foregoing, this Memorandum does not purport to be a representation of the state of affairs of the Property or the Owner or constitute an indication that there has been no change in such affairs of the Property or Owner since the date of preparation of this Memorandum nor does it represent the future performance of the Property. You and your advisors should conduct a careful, independent investi-gation of the Property to determine the suitability of the Property for your needs and the value of the Property to you.
All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and therefore are subject to material change and/or variation. Any projections, opinions, assumptions or estimates used are for example only. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including, without limitation, leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced nor do they constitute a legal analysis of such documents. Interested parties are expected to review all such documents and information of whatever nature independently and not rely on the contents of this Mem-orandum in any manner.
Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making any offer to purchase the Property unless and until a written agreement approved by the Owner for the purchase of the Property has been fully executed and delivered by and between the Owner and such entity and any conditions to the Owner’s obligations therein have been satisfied or waived and then only to the extent expressly provided for therein.
This Memorandum is the property of Owner and may be used only by parties approved by Owner. The Property is private-ly offered and by your receipt of this Memorandum, you agree (i) to return it to Owner immediately upon Owner’s request and (ii) that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity, nor copy or repro-duce any portion of this Memorandum, without the prior written authorization of Owner. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner.
VINCENT PIPIADirector of Dispositions
Mobile: 586.405.9656Direct: 248.480.8058Email: [email protected]
EXCLUSIVELY OFFERED BY DEVELOPER
ALRIG USA30200 Telegraph Road | Suite 205Bingham Farms, MI 48025(248) [email protected]
INVESTMENT OVERVIEW
PRICE$2,115,384
CAP RATE5.20%
LEASABLE SQUARE FOOTAGE:3,000 SF +/-
LAND AREA:1.13 ACRES +/-
NET OPERATING INCOME:$110,000
YEAR RENOVATED:2018
LEASE TYPE:ABSOLUTE NNN
FRANCHISEE:KINGS POINT VENTURES LLC
TERM REMAINING:20 YEARS
RENT INCREASES:$10K EVERY 5 YEARS
RENT EXPIRATION:NOVEMBER 31, 2038
DUNKIN’ DONUTS //11614 Allisonville Rd, Fishers, IN 46038
HIGHLIGHTS Free-Standing Dunkin’ Donuts
20-Year Absolute NNN Lease | Zero Landlord Responsibilities
Rent Increases Every Five Years
High Visibility Located off Allisonville Rd and E 116th St (38,000+ VPD)
Huge Population Growth of Over 8% Expected By 2023
Extremely Strong Regional Trade Area | Over 164,000+ Residents Within 5 Miles
Total Household Spending of Over $1.9 Billion Within 5 Mile Radius
Average Household Income of Over $110,000+ In The Trade Area
Strong Daytime Population of Over 114,000 Employees in The Trade Area
Surrounding National Retailers Include; Kroger, CVS, Target, Starbucks, Auto-Zone, PNC Bank, Sherwin Williams, Pet Supplies Plus, Goodyear Tire, Goodwill, Qdoba, McDonald’s, Pizza Hut, Verizon, Taco Bell, Chase Bank and Many More...
KPV LLC Guarenteed Lease | 80+ Unit Franchisee
Located on Hard Signalized Corner
Out Parcel of Kroger Shopping Center
2018 Retro-Fit Construction
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
TENANT GLA % OF GLA ANNUALRENT
RENT/SF RENTCOMMENCEMENT
LEASEEXPIRATION
OPTIONS CHANGESON
CHANGESTO
3,000 100% $110,000 $36.67Estimated
DEC 15, 2018 NOV 30, 2038 TWO, 5-YEAR
Year 6Year 11Year 16Option 1Option 2
$120,000$130,000$140,000$145,000$150,000
DUNKIN’ DONUTS
TOTAL 3,000 100% $110,000
LEASE OVERVIEW
LEASE TYPE
NNN
REPRESENTATIVE PHOTO
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
CHANGESTO
TENANT OVERVIEW
TENANT // GUARANTEEKINGS POINT VENTURES LLC
WEBSITEWWW.DUNKINDONUTS.COM
Dunkin Brands Group, Inc., together with its subsidiaries, develops, franchises, and licenses quick service restaurants under the Dunkin Donuts and Baskin-Robbins brands worldwide. The company operates through four segments: Dunkin Donuts U.S., Dunkin Donuts Inter-national, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard-serve ice cream, soft serve ice cream, frozen yogurt, shakes, malts, and floats. The company oper-ates approximately 11,700 Dunkin Donuts restaurants and 7,600 Baskin-Robbins restaurants. It also leases franchised restaurant prop-erties in the United States, as well as office space in Brazil, China, Dubai, and the United Kingdom. The company is headquartered in Canton, Massachusetts.
Kings Point Venture’s roots date back to 1995, when our Founder and Chairman Tom Hughes decided to enter the Dunkin’ Donuts Business. He knew he did not want to go it alone, so he recruited his college classmates Alex Smigelski and Tom Carpenter from the United States Merchant Marine Academy to join in the journey. Today, KP Ventures is one of the larger operators of Dunkin’ Donuts locations in New York, Connecticut, and South Central Pennsylvania-and most recently India-napolis markets.
KP Ventures operates Dunkin’ Donuts stores in many locations on the East Coast, and most recently acquired the entire Indianapolis and Fort Wayne markets. We will be developing this market over the next four to five years. We think we are a company that employees enjoy working with, and we credit a lot of our success to the happiness of our em-ployees. We gauge our success via following for measures: Customer satisfaction, employee satisfaction, overall profitability and community involvement.
DUNKIN’ DONUTS
STOCK TICKERNASDAQ: DNKN
YEAR FOUNDED1950
HEADQUARTERSCANTON, MA
# OF LOCATIONS11,000+
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
The City of Fishers is a suburb of Indianapolis, Indiana, located in Hamilton County and was named #1 Place to Live in the US by Money Magazine in 2017. Under the leadership of Mayor Scott Fadness, Fishers is known as a smart, vibrant, and entre-preneurial city through its neighborhood development, dedication to supporting high-growth companies, and innovative city processes.
With a population of 91,832 (2017), Fishers is one of the fastest growing commu-nities in Indiana and has received national accolades for entrepreneurship, livability, and safety.
Fishers is located along Interstate 69. The town currently has four exits off the interstate. Fishers is 16 miles northeast of downtown Indianapolis and 5 miles from the Interstate 465 loop which connects Interstate 69 with Interstate 65, which runs northwest to Chicago and southward to Louisville; Interstate 70, running east to Columbus and southwest to St. Louis; and Interstate 74, running northwest towards Danville, and southeast towards Cincinnati. State Road 37 runs directly through Fish-ers, connecting Fishers with several other Indiana cities and towns.
DEMOGRAPHICSPOPULATION 1 MILE 3 MILES 5 MILES
2018 Population 8,692 59,856 164,084
HOUSEHOLDS 1 MILE 3 MILES 5 MILES
2018 Total Households 3,717 23,596 64,795
HH Growth 2018-2023 8.50% 7.74% 6.97%
Average Household Inc $95,825 $111,059 $109,959
FISHERS, INDIANA
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
HOUSING 1 MILE 3 MILES 5 MILES
Median Home Value $184,570 $228,488 $240,296
Median Year Built 1992 1993 1992
10 MILES
564,153
10 MILES
222,318
5.58%
$96,855
10 MILES
$214,127
1987
2023 Population 9,422 64,558 176,008 597,507
Pop Growth 2018-2023 8.40% 7.86% 7.27% 5.91%
DAYTIME EMPLOYMENT 1 MILE 3 MILES 5 MILES
Number Of Businesses 430 2,671 9,122
Number of Employees 3,618 38,933 114,714
10 MILES
24,622
317,720
VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]
FOR SALE BY DEVELOPERVINCENT PIPIADirector of Dispositions
Mobile: 586.405.9656Direct: 248.480.8058Email: [email protected]
ALRIG USA30200 Telegraph Road Suite 205Bingham Farms, MI 48025(248) 646-9999
REPRESENTATIVE PHOTO