for sale $960,000 - images2.loopnet.com

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Offering Highlights

$960,000For Sale

Heidi Adams, CCIMSenior [email protected]

Dual Income Stream

Established Location

Seasoned General Manager & Staff

NNN Leased Investment and Franchise | Oneida,TN

|

The material contained in this Investment Offering Brochure isfurnished solely for the purpose of considering the purchase ofthe property within and is not to be used for any other purpose.This information should not, under any circumstances, bephotocopied or disclosed to any third party without the writtenconsent of Sperry Van Ness or Owner, or used for any purposewhatsoever other than to evaluate the possible purchase of theProperty.

The only party authorized to represent the Property Owner(“Owner”) in connection with the sale of the Property is theSperry Van Ness Advisor listed in this proposal, and no otherperson is authorized by the Owner to provide any information orto make any representations other than contained in thisInvestment Offering Brochure. If the person receiving thesematerials does not choose to pursue a purchase of the Property,this Offering Brochure must be returned to Sperry Van Ness.

Neither the Sperry Van Ness Advisor nor the Owner make anyrepresentation or warranty, express or implied, as to theaccuracy or completeness of the information contained herein,and nothing contained herein is or shall be relied upon as apromise or representation as to the future performance of theProperty. This Offering Brochure may include certain statementsand estimates by Sperry Van Ness with respect to the projectedfuture performance of the Property. These Assumptions may ormay not be proven to be correct, and there can be no assurancethat such estimates will be achieved. Further, the Sperry VanNess Advisor and the Owner disclaim any and all liability forrepresentations or warranties, expressed or implied, contained inor omitted from this Investment Offering Brochure, or any otherwritten or oral communication transmitted or made available tothe recipient. The recipient shall be entitled to rely solely onthose representations

2rmmoore.comAll Sperry Van Ness® Offices Independently Owned & Operated.

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

NNN Leased Investment and Franchise

and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Purchase Agreementbetween it and Owner.

The information contained herein is subject to changewithout notice and the recipient of these materials shall notlook to Owner or the Sperry Van Ness Advisor, nor any oftheir officers, employees, representatives, independentcontractors or affiliates, for the accuracy or completenessthereof. Recipients of this Investment Offering Brochure areadvised and encouraged to conduct their owncomprehensive review and analysis of the Property.

This Investment Offering Brochure is a solicitation ofinterest only and is not an offer to sell the Property. TheOwner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase theProperty and expressly reserves the right, at its solediscretion, to terminate negotiations with any entity, for anyreason, at any time with or without notice. The Owner shallhave no legal commitment or obligation to any entityreviewing the Investment Offering Brochure or making anoffer to purchase the Property unless and until the Ownerexecutes and delivers a signed Real Estate PurchaseAgreement on terms acceptable to Owner, in Owner’s solediscretion. By submitting an offer, a prospective purchaserwill be deemed to have acknowledged the foregoing andagreed to release the Owner and the Sperry Van NessAdvisor from any liability with respect thereto.

To the extent Owner or any agent of Owner correspondswith any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statementsas binding Owner. Only a fully executed Real EstatePurchase Agreement shall bind the property and eachprospective purchaser proceeds at its own risk.

Disclaimer | Confidentiality




Table of Contents

1. PROPERTY OVERVIEW 4

Executive Summary 5

Complete Highlights 6

Property Overview 7

2. LOCATION OVERVIEW 8

City Information 9

Location Maps 10

3. FINANCIAL OVERVIEW 11

Financial Summary 12

4. DEMOGRAPHICS 13

Demographics Report 14

Demographics Map 15

5. ADDITIONAL INFORMATION 16

Additional Photos 17

6. ADVISOR BIO & CONTACT 18

Advisor Bio & Contact 1 19

1




Property Overview

Property

Franchise

Unique investment opportunity. The current owner is selling both the real estate and the operatingHuddle House franchise offering an investor dual cash flows with the option to retain the franchise orsell it to another franchise operator. The franchise and real estate are also available separately.

Huddle House is a full-service family restaurant chain known for serving "any meal, any time". HuddleHouse was founded in 1964 and has 393 units operating in 20 states across the United States.Sentinel Capital Partners recently acquired Huddle House. The company is undergoing a re-imagingprocess with 90% of stores to be re-imaged by 2017. The company is on a growth path with some 26new stores opened or begun in the beginning of 2013.

Location Located in the heart of Oneida on Alberta Street, the main thoroughfare through town. The property isin close proximity to the Super WalMart and other major retailers serving the community.





Property Overview

Executive Summary

Investment Overview

20069 Alberta Street • Oneida, TN 37841

Sale Price $960,000

Lot Size 1.16 Acres

Building Size 1,968 SF

Year Built 2008

Year Renovated N/A

Zoning C-2, Highway CommercialDistrict

Cross Streets N Alberta Ave & GrapeRough Rd

Traffic Count 19,592

NNN Leased Investment and Franchise Complete Highlights

Investment HighlightsDual Cash Flows

Growing franchise, revenue upside

Investment includes all FF&E

Property HighlightsWell located store, near Super WalMart

Established Location in Oneida's Retail Sector

Seasoned General Manager & Staff

Economic & Demographic Highlights

5 Mile Population - 9,899

5 Mile Avg HH Income $37,465






Physical Description

Property Name: Huddle House

Type of Ownership: Fee Simple

Property Type: Retail

Lease Type: Single Tenant NNN

Gross Leasable Area: 1,968

Building Class: B

Zoning: C-2, Highway Commercial District

Construction

Year Built: 2008

Number of Stories: 1

Foundation: Concrete Slab

Parking Surface: Paved, striped for 19 automobiles

Interior Finish

Interior: Typical Huddle House finishes with counter space as well as tables and booths. Restrooms and kitchenand food and materials storage areas.

20069 Alberta Street | Oneida, TN 37841 For Sale | $960,000

Property Overview

2



Location Overview


Oneida, TN


Retail Sector

Oneida's retail sector includes such nationally and

regionally recognized chains as Walmart SuperCenter,

Dollar Tree and Walgreen's Pharmacy and a wide

variety of locally-owned shops and stores. A number

of florists, jewelers, printers, pharmacists and others

maintain shops in Oneida.

In addition to the Huddle House, area eateries

include McDonald's, Domino's, Subway, Sonic, and

Preston's Longhorn Steakhouse.

Located atop the northern Cumberland Plateau near the

Tennessee-Kentucky border, Oneida offers a blend of quiet, country

living and the conveniences of modern life. Oneida is the gateway

to the Big South Fork National River & Recreation Area and is

characterized by its award-winning public schools, strong spirit of

community and scenic beauty.

The Town of Oneida was incorporated on March 22, 1917, eight

days after the US entered World War I. Growth was slow for the

first 4 years; however, by 1921 the town had retail establishments,

churches and a school with over 500 students. Farms were being

sold and residential neighborhoods were starting to take their

place.

City Information






Location Maps

3




Financial Overview


Investment Overview

Price $960,000

Price per SF $487.80

Cash-on-Cash Return (yr 1) 10.45%

Pre-Tax Income (yr 1) $20,066

Debt Coverage Ratio 1.289

Operating Data

Net Scheduled Lease Income $75,000

Franchise 2012 Net Income $14,395

Total 2012 Income $89,395

Financing Data

Down Payment $192,000

Loan Amount $768,000

Debt Service $69,329

Debt Service Monthly $5,777

Principal Reduction (yr 1) $37,415

Assume 80/20 loan, 15-year amortization, 4.25% financing

20069 Alberta Street | Oneida, TN 37841 For Sale | $960,000

Financial Summary



4 Demographics Analysis




Total Population

Total Number of Households

Total Number of Persons per Household

Average House Value

Average Household Income

Median Age

Median Age - Male

Median Age - Female

Total Population - White

Total Percent - White

Total Population - Black

Total Percent - Black

Total Population - Hispanic

Total Percent - Hispanic

Total Population - Asian

Total Percent - Asian

Total Population - Hawaiian

Total Percent - Hawaiian

Total Population - Indian

Total Percent - Indian

Total Population - Other

Total Percent - Other

0 14 730.0% 0.4% 0.4%

2 36 1271.4% 1.0% 0.7%

* Demographic information provided by BuildOut, LLC

20069 Alberta Street | Oneida, TN 37841

60 1,416 6,674

2.4 2.5 2.6

$72,231

$35,754 $36,063 $37,395

38.6 37.5 38.239.1 36.7 37.0

37.4 37.2 38.8

Demographics Report

0 8 400.0% 0.2% 0.2%

0 0 2920.0% 0.0% 1.7%

0 0 30.0% 0.0% 0.0%

141 3,436 16,83397.9% 97.7% 96.2%

144 3,516 17,505

2 43 2291.4% 0.0% 1.7%

1 Mile 5 Miles 10 Miles

NNN Leased Investment and Franchise Demographics Analysis



* Demographic information provided by BuildOut, LLC

20069 Alberta Street | Oneida, TN 37841


Radius Map

Demographics Analysis

1 Mile 5 Miles 10 Miles

Total Population 144 3,516 17,505

Total Number of Households 60 1,416 6,674

Average Household Income $35,754 $36,063 $37,395

Median Age 38.6 37.5 38.2




5 Additional Information





NNN Leased Investment and Franchise Additional Photos

6


Advisor Bio & Contact






Heidi Adams, CCIMSenior AdvisorSperry Van Ness/R.M. Moore, LLC

Advisor Bio & Contact

Heidi Adams is a member of the Investment Advisor Group for

Sperry Van Ness | R. M. Moore. As a Senior Advisor on the team,

Heidi uses her 25+ years of diverse commercial real estate

experience to analyze each individual project and through a series

of detailed steps works with the owner or investor to reach their

overall goals.

Prior to joining Sperry Van Ness/R. M. Moore, Heidi spent over 23

years in the commercial real estate industry in Central Florida. Most

recently, Heidi was Director of Leasing for Taurus Southern

Investments where she was responsible for the leasing of over 2

million square feet of office and flex product in Central Florida and

Jacksonville. Additionally, Heidi was responsible for the analysis of

potential acquisitions for Taurus and also worked on the disposition

team. In her five years with Taurus, Heidi was directly involved in

over $281 million in real estate transactions.

Heidi was recognized by the Florida Real Estate Journal as one of

the Top Women in Commercial Real Estate in 2008 and by CoStar as

a Top Office Leasing Broker in 2006. Additionally, Heidi was

recognized by the Orlando Business Journal as one of Orlando?s

?40 Under 40? in 2007.

Heidi holds the prestigious CCIM Designation (Certified Commercial

Investment Member) and is a licensed real estate broker in both

Tennessee and Florida.

Heidi Adams, CCIM

Senior Advisor

Phone: 865.531.6400

Email: [email protected]

Fax: 865.531.1698

Cell: 321.439.3175

Address: 10820 Kingston Pike, Suite 9

Knoxville, TN 37934

for sale $960,000 - images2.loopnet.com

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