A PROPOSAL FOR COMMERCIAL SERVICES Newark BP

KW COMMERCIAL

4245 Town Center Way

Livingston, NJ 07039CHERYL DARMANINAssociate Broker0: 973.251.0100 X135C: [email protected] #1111786

Newark BP

A PROPOSAL FOR COMMERCIAL SERVICES

PRESENTED BY:

584-594 SPRINGFIELD AVE. NEWARK NJ 07103

ASKING PRICE $1,050,000

www.kwcommercial.com 2

KW COMMERCIAL

4245 Town Center Way

Livingston, NJ 07039

Confidentiality & Disclaimer

CHERYL DARMANINAssociate Broker0: 973.251.0100 X135C: [email protected] #1111786

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Livingston in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.


PRESENTED BY:

NEWARK, NJ

http://www.kwcommercial.com

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

COMPLETE HIGHLIGHTS

ADDITIONAL PHOTOS

1PROPERTY INFORMATIONNEWARK BP



OFFERING SUMMARY

SALE PRICE: $1,050,000

CAP RATE: 6.2%

NOI: $65,048

LOT SIZE: 0.47 Acres

YEAR BUILT: 1998

BUILDING SIZE: 800 SF

PRICE / SF: $1312.50

PROPERTY OVERVIEWBP Branded Gas Station with convenience store in prominent location atsignalized intersection with three streets of frontage. Property leased until 2021with (2) five year options at market rate. Property also includes the opportunity todevelop an additional 3,000SF retail building with 15 additional parking spaces tocompliment the existing gas station. Plans are in preliminary development with thetownship. Current owner would work with the investor to finalize plans andapprovals with the township.

PROPERTY HIGHLIGHTS• Situated among prominent retailers including ShopRite, Home Depot, LA

Fitness, McDonald's, Wendy's, Walgreen's.

• Four Multiple Product Dispensers

• Kent Brenner Springfield Redevelopment Zone

Executive Summary

NEWARK BP 1 | PROPERTY INFORMATION



PROPERTY OVERVIEW

BP Branded Gas Station with convenience store in prominentlocation at signalized intersection with three streets of frontage.Property leased until 2021 with (2) five year options at market rate.Property also includes the opportunity to develop an additional3,000SF retail building with 15 additional parking spaces tocompliment the existing gas station. Plans are in preliminarydevelopment with the township. Current owner would work withthe investor to finalize plans and approvals with the township.

LOCATION OVERVIEW

KW Commercial has been retained as the exclusive advisor for thesale of 584-594 Springfield Avenue, Newark, New Jersey (“theProperty”). The offering consists of a ±0.46 acre lot containing aBP branded gas station with four MPDs.584-594 Springfield Avenue is ideally situated amongst prominentretailers including ShopRite, Home Depot, LA Fitness, Save-A-Lot,Family Dollar, Wendy’s, McDonald’s, Walgreens, Applebee’s &Dunkin Donuts.The offering affords an investor the opportunity to purchase a veryprominent parcel located at a signalized intersection with frontageon three streets. Furthermore, there is the potential to build a 3,000SF retail building to compliment the existing gas station.The property has been leased to an independent BP gas stationoperator since 2011. The Tenant has three years remaining on theirinitial ten year term, with two, five year options

Property Description




SALE PRICE $1,050,000

LOCATION INFORMATION

Building Name Newark BP

Street Address 584-594 Springfield Ave

City, State, Zip Newark, NJ 07103

County/Township Essex

BUILDING INFORMATION

Building Size 800 SF

NOI $65,048

Cap Rate 6.2%

Price / SF $1312.50

Year Built 1998

Occupancy % 100%

Load Factor Yes

PROPERTY DETAILS

Property Subtype Vehicle Related

Lot Size 0.47 Acres

Property Details




SALE HIGHLIGHTS

• Situated among prominent retailers including ShopRite, Home

Depot, LA Fitness, McDonald's, Wendy's, Walgreen's.

• Four Multiple Product Dispensers

• Kent Brenner Springfield Redevelopment Zone

Complete Highlights




Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATIONNEWARK BP



Newark BP

Regional Map

NEWARK BP 2 | LOCATION INFORMATION



Location Maps




Newark BP

Aerial Map



FINANCIAL ANALYSIS

3 | FINANCIAL ANALYSIS

FINANCIAL SUMMARY

INCOME & EXPENSES

3FINANCIAL ANALYSISNEWARK BP



INVESTMENT OVERVIEW

Price $1,050,000

Price per SF $1,312.50

CAP Rate 6.2%

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

Total Return (yr 1) -

Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income $84,000.00

Other Income -

Total Scheduled Income $84,000.00

Vacancy Cost -

Gross Income -

Operating Expenses $18,952.64

Net Operating Income $65,048

Pre-Tax Cash Flow -

FINANCING DATA

Down Payment -

Loan Amount -

Debt Service -

Debt Service Monthly -

Principal Reduction (yr 1) -

Financial Summary

NEWARK BP 3 | FINANCIAL ANALYSIS



INCOME SUMMARY

Gross Income -

EXPENSE SUMMARY

Gross Expenses -

Net Operating Income $65,048

Income & Expenses

NEWARK BP 3 | FINANCIAL ANALYSIS


SALE COMPARABLES

4 | SALE COMPARABLES

SALE COMPS SUMMARY

4SALE COMPARABLESNEWARK BP



SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS

Newark BP584-594 Springfield AveNewark, NJ 07103

$1,050,000 800 SF $1312.50 6.2% -

SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

Totals/Averages $ SF $NaN 0.0%

Sale Comps Summary

NEWARK BP 4 | SALE COMPARABLES


DEMOGRAPHICS

5 | DEMOGRAPHICS

DEMOGRAPHICS MAP

5DEMOGRAPHICSNEWARK BP



POPULATION 1 MILE 2 MILES 3 MILES

Total population 53,612 210,130 416,667

Median age 32.1 32.1 32.7

Median age (male) 28.4 29.0 30.5

Median age (Female) 35.0 34.1 34.2

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 18,955 75,145 147,612

# of persons per HH 2.8 2.8 2.8

Average HH income $43,473 $46,021 $49,681

Average house value $256,274 $258,937 $285,053

* Demographic data derived from 2010 US Census

Demographics Map

NEWARK BP 5 | DEMOGRAPHICS


ADDITIONAL INFORMATION

6 | ADDITIONAL INFORMATION

ADVISOR BIO & CONTACT 1

6ADDITIONAL INFORMATIONNEWARK BP



4245 Town Center WayLivingston, NJ 07039T 973.251.0100 x135

C 917.696.0802

[email protected]

NJ #1111786

CHERYL DARMANIN

Associate Broker

Advisor Bio & Contact 1

NEWARK BP 6 | ADDITIONAL INFORMATION



OUR COMPANY

7 | OUR COMPANY

WHY KW

7OUR COMPANYNEWARK BP




Location, speed to market and economic performance are just as important to me as they are to my clients. Whether you’re aninvestor, landlord or tenant, I provide local market knowledge with national and international exposure to assist buyers inmaking informed decisions that benefit your bottom line.

My Retail core client services include:

KW Commercial, the commercial real estate arm of Keller Williams Realty, the largest real estate company in North America, isno stranger to success. Our commercial team consists of the most knowledgeable, results- driven brokers backed by the mostinnovative and scalable technology the commercial real estate industry has to offer. Our KW Commercial agents and brokersare held to the highest standard of business to exceed our clients’ needs in virtually any market nationwide.

An agent-centric company, our mission is “to build commercial careers worth having, businesses worth owning andlives worth living.” KW Commercial associates have the training, technology, marketing tools and resources to serve theirclients at the highest level. Our agents work harder because their work directly influences their bottom line.

KW Commercial agents are located in over 650 offices nationwide, including secondary and tertiary markets. This meanswherever you need a commercial agent, there is one there for you. With this many locations, we are never far from where ourclients need to be.

WHYHire KW Commercial for Retail:

ABOUT

▪ No conflicts of interest▪ Secure online service portal▪ 175,000+ residential agents▪ Over $8 billion in transaction volume

▪ 800 offices nationwide, including tier 2 and3 cities in 49 states

▪ State-of-the-art transaction process▪ Higher net monies to field agents

▪ Market surveys, demographics and analysis▪ Acquisitions▪ Investment Sales▪ Consulting▪ Tenant Representation▪ Landlord representation

KW Commercial:

Why KW

NEWARK BP 7 | OUR COMPANY


Documents

A PROPOSAL FOR COMMERCIAL SERVICES Newark BP