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R E T A I L A D V I S O R SOFFERING MEMORANDUM

QUIKTRIP 242 S TYLER RD, WICHITA, KS 67209

Matthews Retail Advisors

CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of QuikTrip located at 242 S Tyler Rd, Wichita, KS 67209 (“Property” ) . I t has been prepared by Matthews Retai l Advisors . This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Retai l Advisors . The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.

Owner and Matthews Retai l Advisors expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Retai l Advisors or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

EXCLUSIVELY LISTED BY:

Table of ContentsPRICING & FINANCIAL ANALYSIS

Investment Overview ..................................................................... 2Executive Summary.........................................................................3Company Overview ........................................................................4

PROPERTY DESCRIPTIONPhysical Description .......................................................................7Birds Eye Map ................................................................................. 8Regional Map ................................................................................... 9Tenant Map......................................................................................10

DEMOGRAPHICSCity Overview | Wichita, KS ......................................................... 12Demographics Report .................................................................. 13

Tiffany RuzickaBroker of Record License No. BR00030763

Aron ClinePartner DIRECT +1.310.919.5816 MOBILE +1.818.632.0233 [email protected] License No. 01904371

Michael MorenoAssociate DIRECT +1.310.919.5838 MOBILE +1.818.522.4497 [email protected] License No. 01982943

Matthews Retail Advisors

PRICING & FINANCIAL ANALYSIS

OFFERING MEMORANDUM | QuikTripP. 2 Matthews Retail Advisors

INVESTMENT OVERVIEW

Property:

Tenant: • QuikTrip is one of the fastest growing convenience stores

in the entire country

• QuikTrip ranked by Forbes as 28th largest privote company with $11B in revenue

• First retailer to earn a “Top Tier” rating from GM, BMW, Honda, VW, Audi, & Toyota

• NNN Lease: Zero Landlord Responsiblities

• Very Strong Location History - 30 years - Showing Strong Commitment to Site

• QuikTrip just picked up last option on lease

• Tenant is paying below market rent compared to similar convenience sites

Location:

• Located along major throughoufare, traffic counts in excess of 22,000 Cars per day

• Dense Location: 137,000 within 5-mile radius

• Strong Demographics: $73,000 income within 5-mile radius

Matthews Retail Advisors P. 3QuikTrip | OFFERING MEMORANDUM

PRICING ANALYSISEXECUTIVE SUMMARY

QUIKTRIP242 S TYLER RD WICHITA, KS 67209

List Price .............................................................................................$1,017,000CAP Rate - Current ..................................................................................... 6.11%Gross Leasable Area ...........................................................................3,251 SFLot Size .........................................................................1.17 Acres (50,965 SF)Year Built ........................................................................................................1993

Annualized Operating DataMonthly Rent Annual Rent Rent/SF CAP Rate

Current $5,178.00 $62,136 $19.11 6.11%

Tenant Summary

Tenant Trade Name QuikTrip

Type of Ownership Fee Simple

Lease Guarantor Corporate

Lease Type NNN

Roof and Structure Tenant Responsible

Original Lease Term 5 Years

Lease Commencement Date 2/1/2016

Rent Commencement Date 2/1/2016

Lease Expiration Date 1/31/2021

Term Remaining on Lease 5 Years

Increases none

Options none


COMPANY OVERVIEW

QuikTrip Corporation is a privately held company headquartered in Tulsa, Oklahoma. Founded in 1958, QuikTrip has grown to a more than $11 billion company with 700+ stores in eleven states. Those revenues place QuikTrip high on the Forbes listing of largest privately held companies.

QuikTrip’s strategy is to be the dominant convenience/gasoline retailer in each market and to reach that level not through sheer numbers of stores, but through key, high-volume locations. With over 18,600 employees, Fortune has ranked QuikTrip on the list of Best Companies To Work For the last thirteen years. QuikTrip also gives back to the communities it serves, donating 5% of net profits to charitable organizations.

Property Name QuikTrip Corporation

Property Type Convenience Retailer

Parent Company Trade Name QuikTrip Corporation

Ownership Private

Revenue $11.2 Billion

No. of Locations 700+

No. of Employees ±18,600

Headquartered Tulsa, OK

Web Site http://www.quiktrip.com/

Year Founded 1958

PROPERTY DESCRIPTION


PROPERTY DESCRIPTIONPHYSICAL DESCRIPTION

THE OFFERING

Property Name ........................................................................................... QuikTrip

Property Address .......................................................................... 242 S Tyler Rd

Wichita, KS 67209

Assessor’s Parcel Number........................135-21-0-32-02-020.00 / D44635

Zoning .....................................................................................................................LC

SITE DESCRIPTION

Number of Stories .............................................................................................One

Year Built .............................................................................................................1993

Gross Leasable Area (GLA) .....................................................................3,251 SF

Lot Size................................................................................1.17 Acres (50,965 SF)

Type of Ownership ...............................................................................Fee Simple

Parking ...................................................................................... 31 Surface Spaces

Parking Ratio...................................................................................9.54 : 1,000 SF

Landscaping ........................................................................................Professional

Topography ................................................................................... Generally Level

CONSTRUCTION

Foundation .......................................................................................Concrete Slab

Framing .............................................................................................................Wood

Exterior ............................................................................................................... Brick

Parking Surface ............................................................................................Asphalt

Roof ........................................................................................................................Flat


BIRDS EYE


PROPERTY DESCRIPTIONREGIONAL MAP


TENANT MAP

DEMOGRAPHICS


DEMOGRAPHIC ANALYSISCITY OVERVIEW | Wichita, KS

Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area.

Wichita has more to offer than you can imagine. Pic-ture eight shopping districts, 28 art galleries, 33 mu-seums, award-winning cultural opportunities such as The Wichita Grand Opera, Music Theatre of Wichita and The Wichita Symphony Orchestra.

In Wichita, you can plan your relaxing getaway or enjoy concerts year round, 17 festivals and 22 attrac-tions. With more than 8,000 hotel rooms and over 1,000 restaurants, one weekend may not be enough to experience all Wichita has in store for you.


DEMOGRAPHIC ANALYSISDEMOGRAPHICS REPORT

Population 1-Mile 3-Mile 5-Mile2021 Projection 6,663 62,325 137,8112016 Estimate 6,654 61,680 134,5132010 Census 6,681 61,286 130,8552000 Census 6,856 60,203 116,150Growth 2016-2021 0.14% 1.05% 2.45%Growth 2010-2016 -0.41% 0.64% 2.80%Growth 2000-2010 -2.55% 1.80% 12.66%

Households2021 Projection 3,211 25,189 53,7732016 Estimate 3,167 24,777 52,5122010 Census 3,105 24,347 51,2382000 Census 3,015 22,643 44,966Growth 2016-2021 1.39% 1.66% 2.40%Growth 2010-2016 2.00% 1.77% 2.49%Growth 2000-2010 2.97% 7.53% 13.95%

Income$0 - $15,000 9.73% 6.94% 9.63%$15,000 - $24,999 12.23% 7.39% 8.92%$25,000 - $34,999 12.74% 9.04% 9.94%$35,000 - $49,999 14.11% 14.62% 14.00%$50,000 - $74,999 25.37% 21.23% 18.90%$75,000 - $99,999 10.82% 15.46% 13.80%$100,000 - $124,999 6.97% 10.33% 10.13%$125,000 - $149,999 4.17% 7.01% 6.31%$150,000 - $199,999 2.57% 4.84% 4.80%$200,000 - $249,999 0.91% 1.59% 1.68%$250,000 - $499,999 0.35% 1.32% 1.57%$500,000+ 0.03% 0.23% 0.32%2016 Est. Average Household Income $59,532 $76,367 $74,2472016 Est. Median Household Income $51,173 $64,148 $59,927

Matthews Retail Advisors | 841 Apollo Street, Suite 150 | El Segundo, CA 90245 | www.Matthews.com

QUIKTRIP242 S Tyler RdWichita, KS 67209OFFERING MEMORANDUM

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Tiffany RuzickaBroker of Record License No. BR00030763

Michael MorenoAssociate DIRECT +1.310.919.5838 MOBILE +1.818.522.4497 [email protected] License No. 01982943

Aron ClinePartner DIRECT +1.310.919.5816 MOBILE +1.818.632.0233 [email protected] License No. 01904371

quiktrip - matthews€¦ · quiktrip corporation is a privately held company headquartered in...

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