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  Checker (O'Reilly Auto)
Milwaukee, WI
Presented by:
RealtyNet Advisors
801.812.1031 info@realtynetadvisors.com
PROPERTY INFORMATION
Address 272 E. Capitol Drive  
Milwaukee , WI 53211
Purchase Price $1,264,187
Total Square Feet 6,000
Price / SqFt $210.70
Cash on Cash Return 8.000 %
Lease Guarantor CSK Auto
Lot Size 0.46 acres
Percentage Rent N/A
Minimum Investment $50,000
Year Built 2002
TENANT PROFILE
Tenant Checker (O'Reilly Auto)
Research Report  
Net Worth / Credit Rating 1.14 Bil. / BBB+
Ticker Symbol CAO
Tenant Website http://www.checkerauto.com

Headquartered in Phoenix, AZ, CSK Auto has experienced sustained growth since its inception in 1969 through a combination of acquisitions and a well-managed program of store construction and expansion. CSK currently owns and operates more than 1,260 retail auto parts stores in 22 states under the brand names Checker Auto Parts, Schucks Auto Supply, Kragen Auto Parts, and Murrays Discount Auto Stores, generating a combined annual revenue in excess of $1.9B. CSK has the number one market position in 22 of the 32 geographic markets in which it operates, based on store count. In July 2008, O'Reilly Auto, Inc., another giant in the automotive parts retail industry, completed an acquisition of all outstanding shares of CSK stock. O'Reilly intends to continue operating CSK as a wholly owned subsidiary.

DEMOGRAPHIC INFORMATION
Population 1,256,807
Average Household Income $33,500

Long a hotbed of manufacturing might, the Greater Milwaukee region has, in recent years, seen a growth in its educational, health, and social services sectors, which now accounts for 22.4 percent of all employment in the region.

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PROPERTY DESCRIPTION

This freestanding single tenant building was constructed in 2002 to CSK Autos specifications. The 20,000 SF corner lot offers excellent visibility to Capitol Drive, with over 35,000 cars passing the center per day.

LEASE INFORMATION
Lease Commencement 2002-11-11
Fixed Term Ends 11/30/2017
Lessor Responsibility Roof & Structure
Tenant Responsibility RE Taxes & Insurance, Utilities, HVAC & all maintenance except roof and structure
Lease Term 15 Years
Annual Rent $101,135
Rent Escalation 13% in year 11 and each option
Lease Type NNN
Lease Renewal Options (2) 5 year renewal options
RENT PAYMENT SCHEDULE
Year
Rent
Annual ROI
6-10
$101,135
8.00%
11-15
$114,283
9.04%
16-20*
$129,140
10.21%
21-25*
$145,928
11.54%
* Assuming client exercises this option

Average Term Rent $122,622
Average Term Cap Rate 9.70%
The information contained herein has been derived from sources that are deemed reliable, however, the seller makes no representations or warranties as to its accuracy. As with any real estate transaction, the principle of caveat emptor applies, and anyone considering a purchase of this property should undertake their own due diligence investigation.