quick lube / tire center ponca city ok
TRANSCRIPT
QUICK LUBE / TIRE CENTER PONCA CITY OK604 EAST PROSPECTPONCA CITY, OK 74601
Peter ColvinCouncil Chair of Single Tenant [email protected]
SVN | SILVERI COMPANY | 580 CASCADE WEST PARKWAY, S.E., GRAND RAPIDS, MI 49546 SALE BROCHURE
OFFERING SUMMARY
Sale Price: $680,000
Cap Rate: 8.25%
NOI: $56,100
Lot Size: 0.9 Acres
Building Size: 3,364 SF
Price / SF: $202.14
PROPERTY OVERVIEWSVN Silveri Co and Easy Leasebacks present this sale-leaseback of asuccessful quick lube. The current owner will lease back this location for 15years, absolute triple net. The NNN lease includes annual rent increases.
The tenant is Stribco Inc, owner/operator of six locations, all branded withService Pro products. The owner of Stribco is an experienced owner/operatorwith 42 oil change locations throughout the Midwest.
Built in 1996, this sharp looking 2,100 SF three bay quick lube and additional1,264 SF Tire Center building are surrounded by national retailers such asChili’s, Subway, Taco Bell, Dollar General, Hobby Lobby, Burger King, Sonic andseveral local retailers as well. Ponca City is located between Wichita andOklahoma. There are over 36,000 people within a 10-mile radius.
We have a recent Phase 1 report. This location is part of a larger sale-leasebackso additional locations can be added for a larger 1031 or portfolio purchase.
OK Broker of record Sterling Scott.
PROPERTY HIGHLIGHTS
• 15 year leaseback
• Absolute net lease with annual increases
• Experienced 42 unit operator
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Retailer Map
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Location Maps
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
POPULATION 3 MILES 5 MILES 10 MILES
Total population 20,983 31,790 36,658
Median age 35.3 37.9 38.9
Median age (Male) 34.7 37.1 38.1
Median age (Female) 35.9 38.6 39.6
HOUSEHOLDS & INCOME 3 MILES 5 MILES 10 MILES
Total households 8,362 12,799 14,652
# of persons per HH 2.5 2.5 2.5
Average HH income $45,435 $53,694 $55,787
Average house value $63,783 $63,719 $65,622
* Demographic data derived from 2010 US Census
Demographics Map
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Quick Lube / Tire CenterPonca City OK
Aerial Map
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Quick Lube / Tire CenterPonca City OK
Aerial Map
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Quick Lube / Tire CenterPonca City OK
Aerial Map
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Additional Photos
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Easy Leasebacks
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
580 Cascade West Parkway, S.E.Grand Rapids, MI 49546T 616.893.1398C [email protected]
PROFESSIONAL BACKGROUND
Peter and his sons Chris and Cody have built The SVN Colvin Team, a verystrong national practice. They help people buy and sell quality single tenantinvestment real estate leased to strong tenants. They have sold over 400Dollar General Properties.
Peter serves as the Chairperson of the National Single Tenant Council forSVN. He is consistently one of the “Top 10 Advisors in America” for thecompany. Peter has over 10 years of investment real estate experience andhas completed nearly two billion dollars in transactions.
Peter specializes in 1031 Exchanges. He helps clients exchange theirmanagement intensive properties into safe, long term "mailbox" moneypassive investments. His SVN Teammates count on Peter and his sons tohandle their clients' 1031 exchanges. Their website is www.svncd.com
Peter hosts The National Single Tenant Call, is a published author and hasbeen a featured speaker at national conferences and events. Peter has wonnumerous local, regional, and national real estate awards.
EDUCATION
Degrees in Business and Music from Aquinas College in Grand Rapids MI.
PETER COLVIN
Council Chair Of Single Tenant Investments
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Disclaimer
QUICK LUBE / TIRE CENTER PONCA CITY OK | 604 EAST PROSPECT, PONCA CITY, OK 74601 SVN | Silveri Company | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty 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 written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.