world of beer augusta, ga...augusta is best known for hosting the masters golf tournament each...
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Actual Site
SCOTT CAMPBELLAssociate Director
954.357.0775 | [email protected]
OFFERING MEMORANDUM
ANDREW FALLONExecutive Managing Director
703.787.4733 | [email protected]
WORLD OF BEER Augusta, GA
World of Beer | Augusta, GAOffering Memorandum
2819 Washington Rd | Augusta, GA 30909
Asking Price $2,180,000 | Cap Rate 6.60%
Net Operating Income (NOI) $144,000
Rent/Month $12,000
Rent/SF $32.00
Rentable Square Feet 4,500+/- SF
Land Area 0.62+/- Acres
Tenant Name World of Beer
Guarantor World of Beer Franchising, Inc
Website worldofbeer.com
Ownership Type Fee Simple
Lease Type NN
Landlord Responsibilities Roof & Structure
Store Opened May 16, 2016
Lease Term Remaining 8+ Years
Rent Commencement February 27, 2015
Lease Expiration October 31, 2026
Increases9% Every 5 Years,
Next Rent Increase 11/1/ 2021
Options Two (2), Five (5) Year
Rent Schedule
Term Increases Annual Rent Monthly Rent Rent/SF Current - 10/31/2021 - $144,000 $12,000 $32.00
11/1/2021 – 10/31/2026 9.00% $158,400 $13,200 $35.20
11/1/2026 – 10/31/2031 (Option 1)
9.00% $172,656 $14,388 $38.37
11/1/2031 – 10/31/2036 (Option 2)
9.00% $188,195 $15,683 $41.82
Investment Highlights • Located on signalized intersection with 37,940 VPD
• Lighted outdoor seating area offers excellent visibility
• Outparcel to the Kroger anchored Washington Walk Shopping Center
• Structured 9% rent increases every 5 years including option periods
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Financial Summary
World of Beer | Augusta, GAOffering Memorandum
Site Photos
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World of Beer | Augusta, GAOffering Memorandum
Site Photos
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World of Beer | Augusta, GAOffering Memorandum
About World of BeerThe fifth World of Beer location to open in Georgia. World of Beer is one of the nation’s fastest growing tavern franchises, with more than 75 taverns in 21 states. Each World of Beer sells more than 500 beers including over 50 craft beers on tap and offers a tavern fare menu including burgers, wings, soups, sandwiches, flatbreads and main course entrees such as salmon and steak.
World of Beer ConceptIn 2007 two best friends opened the World of Beer in the Westchase community of Tampa, FL. Their vision was to create a welcoming place where friends could gather to discover craft beer and swap stories while taking in a game or enjoying live music. Today, World of Beer is leading the unique, exploding cultural phenomenon of Craft Taverns. At their core is, of course, beer. They hunt and gather beers from around the world, offering the best craft variety on the planet to the beer aficionado and casual beer fan alike. Complementing their amazing beer selection is their delicious “tavern fare” menu, craft spirits, and live entertainment all served up by a passionate, insanely knowledgeable staff. The result, a winning concept and a truly golden opportunity.
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Tenant Overview
20
75
Atlanta, GA
Augusta, GA
Charleston, SC
Columbia, SC
9516
75
85Athens, GA
520
95
Columbia, SC 73miles
Athens, GA 92 miles
Savannah, GA 130 miles
Atlanta, GA 143 miles
Charleston, SC 150 miles
Charlotte, NC 159 milesDistance To
World of Beer | Augusta, GAOffering Memorandum
Location Overview
Subject Site
6
2819 Washington Rd | Augusta, GA
I-20 6
5,140
VPD
West Eagle Green Apartment Homes
Westside High School
Washington Square
Washington Rd 37,940 VPD20
World of Beer | Augusta, GAOffering Memorandum
Subject Site
7
2819 Washington Rd | Augusta, GA
Washington Rd 37,940 VPD
Alexander Dr
Location Highlights
Hard Corner of Signalized Intersection
C
lick fo
r Street View
37,940 VPD Pass the Site
Kroger Outparcel
World of Beer | Augusta, GAOffering Memorandum
Washington Walk Shopping Center
Subject Site
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World of Beer | Augusta, GAOffering Memorandum
Augusta
1 Mile 3 Miles 5 MilesPopulation2018 Population 8,441 50,861 136,094
2023 Population 8,903 52,142 141,044
2018 Median Age 33.6 39.2 38.2
Households2018 Total Households 4,304 22,740 58,996
2023 Total Households 4,548 23,277 61,118
Median Household Income2018 Median HH Income $45,076 $55,221 $49,020
2023 Median HH Income $50,547 $60,059 $53,230
Average Household Income2018 Average HH Income $58,042 $82,715 $71,242
2023 Average HH Income $65,882 $92,761 $80,106
Population 136,094
Median Age 38.2
Avg HH Income $71,242
Total Businesses 7,131
Total Employees 96,601
Net Worth $41,884
5 Mile Radius | Demographics
20
520
20
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Demographics
World of Beer | Augusta, GAOffering Memorandum
Augusta, GAAugusta, Georgia is located in Richmond County on the central eastern border of the state of Georgia. Augusta is the principle city of the Augusta-Richmond County Metropolitan Statistical Area, which is the 2nd largest metro area in the state after Atlanta. Augusta is best known for hosting The Masters golf tournament each spring. Augusta is two hours east of downtown Atlanta. In 2016, it was announced that the new National Cyber Security Headquarters would be based in Augusta, bringing as many as 10,000 cyber security specialists to the Fort Gordon area, which is the major army base in Augusta.
• Population - 201,647 city, 500,000 trade region
• Location - 136 ft. above sea level. 200 Savannah River miles or approximately 150 land miles from Atlantic Ocean
• Major highways - Interstates 20 and 520, U.S. Routes 1, 25, 78, 278
• The city was named after Princess Augusta of Saxe-Gotha (1719-1772)
City Population
201,647
2016 Job Growth
2.1%
FORBES LIST:
#139 Best Places for Business & Careers
Median Property Value
$151,000
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Market Overview
World of Beer | Augusta, GAOffering Memorandum
SCOTT CAMPBELLASSOCIATE DIRECTOR
(954) 357-0775 [email protected]
ANDREW FALLONEXECUTIVE MANAGING DIRECTOR
(703) 787-4733 [email protected]
Who Are We? Calkain Companies LLC is a national commercial real estate firm that provides consulting and brokerage services to both private and institutional clientele with an expertise on triple net lease investments. We pride ourselves on being a world class leader by providing our clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, estate planning and wealth management.
We have built solid relationships throughout our decades of experience and innovation, implementing long-term allocation within the context of each client’s particular risk tolerance and identifying how best to acquire and dispose of income producing properties for each entities’ specific set of investment criterion. At Calkain, our foresight and past performance are leading the net lease investment industry.
Our HistoryLike most success stories, Calkain was formulated from humble beginnings. Jonathan W. Hipp, President and CEO, took the initiative to build upon his decades of experience and performance and left a large international brokerage firm to become an independent and innovative leader within the triple net lease investment community. Armed with a sole employee and a single office, the firm has grown exponentially since its infancy in 2005.
With the growth in staff, seasoned professionals have been attracted to Calkain’s model of innovation, entrepreneurship and the fostering of long-lasting and meaningful relationships. Industry experts have joined Calkain in the hopes of implementing the skills they have honed in complementary aspects of real estate investment.
Through a tremendous endeavor, tireless hours have been committed to continually prove that Calkain is America’s Net Lease Company®. Its countless accolades received from the world’s leading business publications, including Forbes™, Fortune™ and the New York Times™ have confirmed that Calkain is a true leader in triple net lease investing services.
Client Testimonial
“USRA has worked with Calkain on numerous occasions. They have always been meticulous in their work ethic, providing superior service and extremely prompt attention to our needs. I highly recommend them.
- Jack Genende, Partner | U.S. Realty Advisors, LLC. (USRA)
$12 Billion in Closed Transactions
$350 Million
in Active Listings
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C A L K A I N .C O MC A L K A I N .C O M
About Calkain
DISCLAIMER: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regula-tions, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Contact Us
Washington, DC12930 Worldgate Drive | Suite 150 Herndon, VA 20170 T: (703) 787-4714 • F: (703) 787-4783
Fort Lauderdale200 SW 1st Avenue | Suite 880 Fort Lauderdale, FL 33301 T: (813) 282-6000
Atlanta111 Village Parkway, Building 2 | Suite 202 Marietta, GA 30067 T: (404) 900-5629
Boston101 Federal Street | Suite 1900 Boston, MA 02110 T: (617) 261-8584
Philadelphia3477 Corporate Parkway | Suite 100 Center Valley, PA 18034 T: (610) 410-5410
New York205 E 42nd St | 14th Fl New York, NY 10017 Tel: (646) 736-5783
CALKAIN.COM