Shaw’s Supermarket NNN Leased Offering | Plymouth, MA …

SVN The Kase Group

Jacob Abusharkh

Managing Director415.269.2474

[email protected]#01385529

www.TheKaseGroup.com

Shaw’s Supermarket NNN Leased Offering | Plymouth, MA (Boston)

$6,667,213 | 7.50% CAP (7.84% CAP in 2016)

Offering Highlights

Absolute NNN Lease Structure

Zero Landlord Obligations

Scheduled Increases in Rent

Low Rent Per Square Foot ($8.37/SF)

#2 Grocer New England

Lease Guaranteed by Albertsons, Inc.

Actual Site Photo

Shaw’s Supermarket NNN Leased Offering


All Sperry Van Ness® Offices Independently Owned & OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.



SVN The Kase Group

The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photo-copied or disclosed to any third party without the written consent of Sperry Van Ness or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is the Sper-ry Van Ness Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Of-fering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Bro-chure must be returned to Sperry Van Ness.

Neither the Sperry Van Ness Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and noth-ing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by Sperry Van Ness with respect to the projected future perfor-mance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the Sperry Van Ness Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those repre-sentations and warranties that may be made to it in any final,

fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the Sperry Van Ness Advisor, nor any of their officers, employees, representatives, independent contractors or af-filiates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expres-sions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms ac-ceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowl-edged the foregoing and agreed to release the Owner and the Sperry Van Ness Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

Disclaimer | Confidentiality

Shaw’s Supermarket NNN Leased OfferingSVN The Kase Group



CONTENTS

PROPERTY OVERVIEW

Offering Highlights

Executive Summary

Tenant Summary

FINANCIAL OVERVIEW

Financial Summary

LOCATION OVERVIEW

Location Maps

Aerial Photo

DEMOGRAPHICS

Demographics Report

Demographics Map




PROPERTY OVERVIEW

Offering Highlights

Executive Summary

Tenant Summary

Absolute NNN Lease Structure

Zero Landlord Obligations

Scheduled Increases in Rent

Low Rent Per Square Foot ($8.37/SF)

7.84% CAP in 2016

#2 Grocer in New England

6.7 Acre Site with Potential for Further Development

Lease Guaranteed by Albertsons, Inc.

Densely Populated Area with High Income Demographics

Located in Major Retail Area with Strong Traffic Counts

Offering Highlights




Investment OverviewSale Price: $6,667,213

CAP Rate: 7.50% (7.84% CAP in 2016)

Net Operating Income: $500,241

Building Size: 59,766 SF

Lot Size: 6.7 Acres

Market: Boston

*TENANT DOES NOT REPORT SALES

PropertyThis is an absolute NNN leased Shaw’s Supermarket located in Plymouth, MA. The asset is a high quality freestanding building. Shaw’s is New England’s number 2 grocer. The lease is guaranteed by Albertsons, Inc,. The area shows strong demographics in terms of population and income. The asset sits in a growing retail market with over one million square feet of development completed over the past decade. The location boasts high traffic counts. The asset is offered free and clear of debt.

LocationPlymouth is a town in Plymouth County, Massachusetts. Plymouth holds a place of great prominence in American history, folklore and culture, and is known as “America’s Hometown.” Plymouth was the site of the colony founded in 1620 by the Pilgrims, passengers of the famous ship the Mayflower. Plymouth is where New England was first established. It is the oldest municipality in New England and one of the oldest in the United States. The town has served as the location of several prominent events, the most notable being the First Thanksgiving feast. Plymouth served as the capital of Plymouth Colony from its founding in 1620 until the colony’s merger with the Massachusetts Bay colony in 1691.

Plymouth is the largest municipality in Massachusetts by area. The population is 56,468 according to the 2010 U.S. Census. Plymouth is one of two county seats of Plymouth County, the other being Brockton. Plymouth is located approximately 40 miles south of Boston in a region of Massachusetts known as the South Shore. Throughout the 19th century, the town thrived as a center of ropemaking, fishing, and shipping, and once held the world’s largest ropemaking company, the Plymouth Cordage Company. While it continues to be an active port, today the major industry of Plymouth is tourism. Plymouth is served by Plymouth Municipal Airport, and contains Pilgrim Hall Museum, the oldest con-tinually operating museum in the United States.

20 Pilgrim Hill Road | Plymouth, MA 02360

Executive Summary




Tenant OverviewShaw’s Supermarkets, Inc., is the #2 grocery chain in New England, behind Stop & Shop and Hannaford Bros. The company operates about 170 stores (with a heavy presence in the Boston area) under the Shaw’s and Star Markets banners in five New England states. Most Shaw’s stores including this location feature Wild Harvest departments, which offer organic, preservative-free foods. About 90 locations house in-store pharmacies. The company also markets products under its own brands, such as Equaline, Happy Tails, HomeLife, and Shaw’s.

In 2011, the company reported to open 300 new stores. In March of 2011, Family Dol-lar turned down a takeover offer by Nelson Peltz’s Trian Fund Management LP that was reported between $55 to $60 a share.

In March 2013, SUPERVALU, Inc., sold five of its retail grocery banners including Shaw’ s Supermarkets to AB Acquisition LLC, an affiliate of a Cerberus Capital Management L.P.-led investor consortium that includes Kimco Realty Corporation KIM -0.05%, Klaff Realty LP, Lupert-Adler Partners, and Schottenstein Real Estate Group. The transaction was val-ued at $3.3 billion. The transaction also included the Albertsons, Acme, and Jewel-Osco chains for a total of nearly 900 stores.

Corporate InformationHeadquarters: West Bridgewater, MA

Founded: 1860

Parent: Albertson’s

Website: www.shaws.com

Tenant Summary







FINANCIAL OVERVIEW

Financial Summary

20 Pilgrim Hill Road | Plymouth, MA 02360 $6,667,213 | 7.50% CAP

CAP Rate: 7.50%

Building SF: 59,766

Lot Size: 6.7 Acres

Lease Type: NNN

Type of Ownership: Fee Simple

Tenant Name GLA Lease Begin Lease End Annual Rent Increases Options

Shaw’s Supermarket 59,766 SF 6/1/2000 2/28/2021 $500,241 Rent Increases as follows: Tenant has

Mar 2016: $8.75/sf five 5 year

Option 1: $9.75/sf options to

Option 2: $10.25/sf renew

Option 3: $10.75/sf

Option 4: $11.25/sf

Option 5: $11.75/sf

Operating Summary Current 2016 Option 1 Option 2 Option 3 Option 4

Net Operating Income $500,241 $522,953 $582,719 $612,602 $642,485 $672,368

CAP Rate 7.50% 7.84% 8.74% 9.19% 9.64% 10.08%

Financial Summary







LOCATION OVERVIEW

Location Maps

Aerial Photo

Location Maps




Shaw's Supermarkets

13www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated.

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Location Maps

Aerial Photo







DEMOGRAPHICS

Demographics Analysis

Demographics Map

Total Population

Total Number of Households

Total Number of Persons per Household

Average House Value

Average Household Income

Median Age

Median Age - Male

Median Age - Female

Total Population - White

Total Percent - White

Total Population - Black

Total Percent - Black

Total Population - Asian

Total Percent - Asian

Total Population - Hawaiian

Total Percent - Hawaiian

Total Population - Indian

Total Percent - Indian

Total Population - Other

Total Percent - Other

Total Population - Hispanic

Total Percent - Hispanic

21 45 1040.1% 0.1% 0.1%

271 500 1,1651.4% 1.3% 1.1%

* Demographic information provided by BuildOut, LLC


7,692 14,284 37,714

2.5 2.6 2.7

$355,260 $394,055 $435,128

$82,917 $92,613 $98,294

42.0 42.0 41.940.7 41.0 40.8

43.1 43.0 42.8

Demographics Report

217 457 8611.1% 1.2% 0.8%

195 463 1,4431.0% 1.2% 1.4%

0 4 150.0% 0.0% 0.0%

18,143 35,328 97,82294.8% 94.6% 95.3%

19,143 37,358 102,666

263 495 1,4161.4% 1.3% 1.4%

3 Miles 5 Miles 10 Miles

Shaw's Supermarkets Demographics Analysis







* Demographic information provided by BuildOut, LLC


Shaw's Supermarkets

Radius Map


3 Miles 5 Miles 10 Miles

Total Population 19,143 37,358 102,666

Total Number of Households 7,692 14,284 37,714

Average Household Income $82,917 $92,613 $98,294

Median Age 42.0 42.0 41.9



Demographics Map





All Sperry Van Ness® Offices Independently Owned & Operated© 2013 All rights reserved

PRESENTED BY

Jacob AbusharkhManaging Director

[email protected] BRE#01385529

SVN The Kase Group

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Shaw’s Supermarket NNN Leased Offering | Plymouth, MA …