ACTUAL SITE - Commercial Investment Advisors...ACTUAL SITE Represented by: JUSTIN CARLSON [email protected] COMMERCIAL INVESTMENT ADVISORS, INC. CIA BROKERAGE COMPANY 9383 East

ACTUAL SITE

Represented by:JUSTIN CARLSON

[email protected]

COMMERCIAL INVESTMENT ADVISORS, INC.CIA BROKERAGE COMPANY

9383 East Bahia Drive, Suite 130 | Scottsdale, Arizona 85260480.214.5088 – Office | www.ciadvisor.com

In Associat ion with Missouri Designated Broker:Lee K. Brodbeck | Cadence Commercial Real Estate, LLC | MO License # 2015023353

RAYMORE RETAIL1931 – 1945 WEST FOXWOOD DRIVERAYMORE (KANSAS CITY MSA), MISSOURI 66204

OFFERING MEMORANDUM

Represented by:JUSTIN ZAHN

[email protected]

RAYMORE RETAILRAYMORE (KANSAS CITY MSA), MISSOURIINVESTMENT O V E R V I E W

JUSTIN [email protected]


COMMERCIAL INVESTMENT ADVISORS, INC. | CIA BROKERAGE CO. | 9383 EAST BAHIA DRIVE | SUITE 130 | SCOTTSDALE, AZ 85260 | WWW.CIADVISOR.COMThe information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy.

NAME RAYMORE RETAIL

LOCATION 1931-1945 West Foxwood DriveRaymore, Missouri 64083

MAJOR CROSS STREETS SEC of W Foxwood Dr & Dean Ave

LIST PRICE $5,870,000

LIST CAP RATE 6.50%

CASH ON CASH RETURN 9.02%

ACTUAL OCCUPANCY 100%

GROSS LEASEABLE AREA 12,943

LEASE TYPE NNN

OWNERSHIP (Building & Land) Fee Simple

YEAR BUILT 2017*

LOT SIZE ±2.22 Acres*

PARKING LOT Asphalt*

ROOF Rubber Membrane (13 Years Remaining on Initial 15-Year Warranty)

STRONG TENANCYFreestanding Qdoba and 100% Occupied Strip Center with Major Retailers such as Kay Jewelers, Firehouse Subs & Mod Pizza – All on Long Term NNN Leases!DOMINANT RETAIL CORRIDORPositioned on the Hard Corner/Signalized Intersection – Pad Site to a Sam’s Club & Lowe’s Home Improvement where Traffic Counts Exceed 32,660 CPD!QUALITY CONSTRUCTIONBrand New, A-Class Construction – Best Center in the Trade Area!2019 DEMOGRAPHICSTotal Population (5-MI): 60,765 | Avg HH Income (3-MI): $77,459 | Population Growth 2010-2019 (1-MI): 13.02%UNEMPLOYMENT RATELow Unemployment Rate at 2.7% - National Average at 3.9%

INVESTMENT HIGHLIGHTS

POINTS OF INTERESTR E T A I L | S H O P P I N G | E N T E R T A I N M E N TNearby retailers include Walmart Supercenter, Sam’s Club, Target, Kohl’s, Hobby Lobby, The Home Depot, Lowe’s Home Improvement, Marshalls, Academy Sports + Outdoors, Hy-Vee, ALDI, Cosentino’s Price Chopper, Office Max, Tractor Supply Co, Harbor Freight Tools, JOANN Fabrics, PetSmart, Dollar Tree, Walgreens, CVS Pharmacy, Planet Fitness, Belton Cinema 8E D U C A T I O NWithin the Raymore-Peculiar-Benton Area, there are 13 schools with total enrollment of 8,673H E A L T H C A R ELess than 1 mile from Belton Regional Medical Center (a general medical & surgical hospital with 71 beds)

* According to Cass County Assessor

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FINANCIAL A N A LY S I S




LIST PRICE $5,870,000

LIST CAP RATE 6.50%

ACTUAL OCCUPANCY 100%

CASH ON CASH RETURN 9.02%

GROSS LEASABLE AREA 12,943

INCOME ACTUAL2019 Gross Rent Income $401,082

Gross Reimbursements $97,073

Gross Annual Income $498,155

EXPENSESOperating Expenses ($97,073)

Legal & Accounting Allowance ($3,000)

Management (3%) ($14,945)

Reserves ($0.12 PSF) ($1,553)

Total Expenses ($116,571)

NET OPERATING INCOME $381,584

Less Annual Debt Service ($222,793)

Cash on Cash Return $158,791

Principal Reduction $78,188

Total Return $236,979

Property Taxes $56,352

Insurance $6,836

Common Area Maintenance Expenses $32,057

Janitorial Services $750

Miscellaneous $1,078

Total Operating Expenses $97,073

SUMMARYPROPOSED FINANCING SUMMARY

ANNUALIZED OPERATING DATA

2018 ANNUALIZED OPERATING EXPENSES

All Cash or Buyer to obtain new financing at Close of Escrow.

Loan to Value (70%) $4,109,000

Down Payment (30%) $1,761,000

Term Fixed 10 Years – 3.55%

Amortization 30 Years

For more information, contact Geoffrey Harris of BMC Capital at (214) 207-3002.

RAYMORE RETAILRAYMORE (KANSAS CITY MSA), MISSOURI

9.02%

13.46%

RENT R O L L




# TENANT SQ. FT. # OF GLA

2019 ANNUAL RENT

RENT PSF

TYPE LEASESTARTS

LEASE ENDS

RENTAL INCREASES

OPTIONS

1931 WEST FOXWOOD DRIVE

1931 Qdoba Restaurant Corp. #1779 dba Qdoba (3)

3,000 100% $108,000 $36.00 NNN 03/16/17 07/31/27 08/01/22: $118,800

Four 5-Year OptionsYrs 11-15: $130,680Yrs 16-20: $143,760Yrs 21-25: $158,130Yrs 26-30: $173,910

SUBTOTAL 3,000 100% $108,000 $36.00

NOTE: Tenant is responsible for Taxes, insurance, CAM & HVAC maintenance, repair & replacement, and parking lot maintenance & repair. Landlord is responsible for roof, structure, and parking lot mill & overlay.

Tenant Credit Classification: (1) Local, (2) Regional, (3) National

(AVG)

# TENANT SQ. FT. # OF GLA

2019 ANNUAL RENT

RENT PSF

TYPE LEASESTARTS

LEASE ENDS

RENTAL INCREASES

OPTIONS

1937-1945 WEST FOXWOOD DRIVE

1937 Paceline Partners dba MOD Pizza (2)

2,797 28.13% $83,910 $30.00 NNN* 04/17/17 03/31/27 04/01/22: $92,301

Two 5-Year OptionsYrs 11-15: $101,571Yrs 16-20: $111,685

1939 Phone Medic dba uBreakifix (2)

1,292 12.99% $36,822 $28.50 NNN* 01/26/18 01/23/23 N/A One 5-Year OptionYrs 6-10: $40,504

1941 Freezing Moo (Personal Guaranty) (2)

2,104 21.16% $52,600 $25.00 NNN* 10/01/18 06/30/23 Yr 2: $53,652Yr 3: $54,725Yr 4: $55,820Yr 5: $56,936

One 5-Year OptionYr 6: $58,075Yr 7: $59,236Yr 8: $60,421Yr 9: $61,629

Yr 10: $62,862

1943 Craig Hulke Enterprises, Inc. dba Firehouse Subs(3)

1,750 17.60% $43,750 $25.00 NNN* 09/18/17 10/31/27 09/01/22:$47,250


1945 Sterling, Inc. dba Kay Jewelers (3)

2,000 20.11% $76,000 $38.00 NNN* 03/06/17 12/31/27 01/01/23:$82,080


SUBTOTAL 9,943 100% $293,082 $29.48

GRAND TOTAL 12,943 100% $401,082 $30.99

(AVG)

(AVG)

* Tenant is responsible for Taxes, insurance, CAM & HVAC maintenance, repair & replacement.


KAY JEWELERS (PARENT COMPANY –SIGNET JEWELERS)

TYPE Public

TRADING AS NYSE: SIG

S&P RATING BB (25-Jan-2019)

HEADQUARTER Akron, OH

https://www.kay.com

Kay Jewelers is an American specialty jewelry company headquarterd in Arkon, Ohio. Currently, thereare 1,247 Kay Jewelers locations in the U.S.Signet Jewelers Limited (NYSE: SIG | S&P Rating: BB) is the world's largest retailer of diamond jewelry,operating over 3,500 stores in the US, UK and Canada under the names of KAY Jewelers, Zales, JaredThe Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples, Piercing Pagoda and JamesAllen.com

FIREHOUSE OF AMERICA, LLC d.b.a. FIREHOUSE SUBS

TYPE Private

HEADQUARTER Jacksonville, FL

# OF STORES 1,160+

https://www.firehousesubs.com/

Firehouse Subs is a U.S.-based, fast casual restaurant chain founded in 1994 in Jacksonville, Florida byformer firefighter brothers Robin and Chris Sorensen. The menu, which features hot specialty subs, salads,and other seasonal items, takes inspiration from the firehouse with names like Hook & Ladder®, Engineer®,and Firehouse Hero®. The subs are prepared with steam-heated meats and cheeses, on a toasted sub roll,and served "Fully Involved®" with vegetables and condiments.Firehouse Subs has opened over 1,160 restaurants in 46 states as well as Puerto Rico and Canada.

FREEZING MOO HOLDING COMPANY LLC

TYPE Private

HEADQUARTER Overland Park, KS

# OF STORES 13

https://www.freezingmoo.com/

Since opening its first store in 2017, Freezing Moo features Thai fried ice cream rolls. Ice cream rolls arehand made ice cream desserts made with milk and poured over an iced grill. You can mix different fruit andother toppings to make your treat that much better.Currently, there are 13 locations in 4 states.

TENANT O V E R V I E W





https://www.kay.com/

https://www.shoesensation.com/


PHONE MEDIC, INC.

TYPE Private

HEADQUARTER Kansas City, MO

# OF STORES 11

http://phonemedic.com/

PhoneMedic is locally-owned and operated within the Kansas City area. They are a go-to solution for fast,friendly and reliable electronics repair and replacement. The provide high quality and affordable service for:iPhones, iPads, Android devices, computers, laptops, tablets, game consoles, handhelds, and drones.The business is lead by two professionals with a combined retail experience of 45 years. The certifiedprofessionals have completed more than 80,000 successful repairs since the founding year of 2014.Currently, there are 11 retail locations open 7 days a week.

MOD SUPER FAST PIZZA LLC

TYPE Private

HEADQUARTER Bellevue, WA

# OF EMPLOYEES 1,700+

# OF STORES 400+

https://www.modpizza.com/

MOD Pizza was established in 2008 in Seattle, Washington by co-founders Scott and Ally Svenson. TheSvensons previously founded Seattle Coffee Company, a successful UK-based coffee company that sold toStarbucks in 1998. Afterwards Scott stayed on as President of Starbucks Europe.MOD Pizza is a fast casual pizza restaurant chain. MOD is a company that is claimed by its owners to be"more about the people than the pizza" and to focus on paying living wages and providing employees withopportunities to give back to the community. Currently, there are over 400 retail stores in the United Statesand United Kingdom.

QDOBA MEXICAN EATS (Parent Company – Apollo Global Management)

TYPE Public

TRADED AS NYSE: APO

S&P RATING A (15-May-2014)

HEADQUARTER San Diego, CA

https://www.qdoba.com/

Qdoba Mexican Eats is a chain of fast casual restaurants in the United States and Canada servingMexican-style cuisine. The company operated as a wholly owned subsidiary of Jack in the Box after itspurchase from ACI Capital, Western Growth Capital, and other private investors in 2003. In December 2017,a consortium of funds led by Apollo Global Management announced the purchase of the Qdoba chain forapproximately $305 million.Currently, there are over 729 locations in the United States and Canada.

TENANT O V E R V I E W





http://phonemedic.com/

https://www.cricketwireless.com/


SITE PHOTOS A C T U A L





LOT SIZE±2.22 Acres

GLA12,943 SF

R A Y M O R E R E T A I L | R A Y M O R E ( K A N S A S C I T Y M S A ) , M I S S O U R I




ASSISTED LIVING108 BEDS

FACING EAST

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FACING WEST

71 BEDS

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FACING SOUTHEAST

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MEMORIAL PARK

71 BEDS

SPRINGDALE LAKE

CE

DA

R S

T

LAK EWO ODTERRACE

152 U N ITS

59-UNIT ASSISTED LIVING FACILITY

RAYMORE RETAIL





GRAND SUMMIT GOLF COURSE

CREEKMOOR GOLF COURSE

194 STUDENTS

BELTON HIGH SCHOOL

1,000 STUDENTS

CREEKMOORELEMENTARY

505 STUDENTS

EAGLES’ LANDING GOLF COURSE

MILL CREEK UPPER ELEMENTARY

578 STUDENTS

HILLCREST STEAM ACADEMY

508 STUDENTS

DISTRIBUTION CENTER

DISTRIBUTION CENTER FAIRWAYS AT

G RAND SU MMIT456 U N ITS

DISTRIBUTION CENTER

RAYMORE ELEMENTARY

614 STUDENTS

EAGLE GLEN ELEMENTARY

465 STUDENTS

AUTO AUCTION RAYMORE RETAIL





INDEPENDENCE CENTERA 1.03 MILLION SF SHOPPING

MALL ANCHORED BY DILLARD’S, MACY’S & SEARS

W/ 120 RETAIL SHOPS

250 BEDS

KANSAS CITY VA MEDICAL CENTER

157 BEDS6,750 STUDENTS

KANSAS CITY

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KANSASMISSOURI

RAYMORE

BELTON





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NEW CENTU RY

GA RDNER

OVERLA NDP A RK

SHA WNEE

BONNER SP RINGS

BLU ESP RINGS

GRA INVA LLEY

LEE’S SU MMIT

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RAYMORE RETAIL

Raymore is a city in Cass County, Missouri, within the Kansas CityMetropolitan Area. Raymore is one of the fastest growing cities in the state,and the population is estimated to be around 21,167. The name Raymore isan amalgamation of the surnames of two railroad men, Ray and Moore. TheWatkins Family Farm Historic District was listed on the National Register ofHistoric Places in 2007.The Raymore-Peculiar R-II School District is a public school district inRaymore and Peculiar, Missouri. It is a suburban school district in a quicklydeveloping area, and many new students are being enrolled. The schooldistrict is the largest employer of Raymore with over 345 employees. Thedistrict operates 7 elementary, 2 middle and 2 high schools.Belton Regional Medical Center is a 71-bed acute care facility offering a fullrange of inpatient and outpatient services. In 2011-2012, the hospitalunderwent a $39.2 million dollar renovation and expansion project to meetthe growing medical needs of its community. Research Medical CenterBrookside Campus is located on a 37-acre campus in south Kansas City,Missouri, which includes the ER of Brookside, as well as outpatient facilities,medical office buildings, administrative offices, and a comprehensive healthand fitness center. The Brookside Campus has approximately 300employees.Foxwood Springs is a 108-bed exclusive senior living community, locatedsouth of Kansas City, in a quiet residential neighborhood. The communityoffers elegant accommodations, restaurant-style dining and opportunities toengage your interests, passion and purpose. With their life care program,transitioning between levels of care is simple. These include independentliving, assisted living, Alzheimer’s and dementia care, skilled nursing andrehabilitation. It is one of the largest employers in the area with over 317employees.

LOCATION O V E R V I E W

22 MILES TO KANSAS CITY, MO

TOTAL POPULATION: 102,320

2019 DEMOGRAPHICS1-MI 3-MI 5-MI

TOTAL POPULATION 8,818 43,950 60,765

POPULATION GROWTH 2010-2019 13.02% 8.25% 4.87%

DAYTIME POPULATION 7,703 40,574 56,828

HOUSEHOLD GROWTH 2010-2019 12.32% 8.17% 4.85%

AVERAGE HOUSEHOLD INCOME $72,433 $77,459 $76,947




RAYMORE RETAIL


JUSTIN ZAHNVice PresidentO +1 480 718 5555C +1 402 730 [email protected]

FOR MORE INFORMATION:

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial

Investment Advisors, Inc. and should not be made available to any other person or entity without the written consent of Commercial Investment Advisors, Inc. | CIA Brokerage

Company. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in

the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Commercial Investment Advisors, Inc. | CIA Brokerage Company

has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial

performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the

compliance with State and Federal regulations, 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. Any projections, opinions, assumptions or estimates used in the Marketing Brochures are for example only

and do not represent the current or future performance of any property. The information contained in this Marketing Brochure has been obtained from sources we believe to be

reliable; however, Commercial Investment Advisors, Inc. | CIA Brokerage Company has not verified, and will not verify, any of the information contained herein, nor has Commercial

Investment Advisors, Inc. | CIA Brokerage Company conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the

accuracy or completeness of the information provided. Like all real estate investments, all of these investment carries significant risks. Purchaser and Purchaser’s legal and

financial advisors must request and carefully review all legal and financial documents related to the properties and tenants. While the tenant’s past performance at these

locations or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed

facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area.

Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease;

cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Purchaser

is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the

likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Purchaser may be able to negotiate with a

potential replacement tenant considering the location of the property, and Purchaser’s legal ability to make alternate use of the property. All potential buyers must take

appropriate measures to verify all of the information set forth herein.

BY ACCEPTING THIS MARKETING BROCHURE YOU AGREE TO RELEASE COMMERCIAL INVESTMENT ADVISORS, INC. | CIA BROKERAGE COMPANY HOLD ITHARMLESS FROM ANY KIND OF CLAIM, COST, EXPENSE, OR LIABILITY ARISING OUT OF YOUR INVESTIGATION AND/OR PURCHASE OF ANY PROPERTY.

CONFIDENTIAL ITY A G R E E M E N T

JUSTIN CARLSONSenior Investment AdvisorO +1 480 214 5089C +1 480 [email protected]

Documents

ACTUAL SITE - Commercial Investment Advisors...ACTUAL SITE Represented by: JUSTIN CARLSON [email protected] COMMERCIAL INVESTMENT ADVISORS, INC. CIA BROKERAGE COMPANY 9383 East