Bridgestone Retail Operations, LLC - EXP Realty Advisors

exp1031.com

Bridgestone Retail Operations, LLC - EXP Realty Advisors

Bridgestone Retail Operations, LLC

dba Firestone Complete Auto Care

EXCLUSIVE LISTING AGENT:

Joe Caputo

214.347,0738

joe@exp1031.com

Listed in Cooperation with Net Lease Capital Advisors - NH Broker

31 Garden Road, Plaistow, NH (Boston Suburb)

Early December 2011 Scheduled Opening

Brand New, Absolute NNN, 15-Year, Corporate Lease w/ 6.5% Rent Increases Every 5-Years

Bridgestone Retail Operations, LLC (Lessee) Operates 2,200+ Stores w/ 20,000+ Employees

Lessee is a Subsidiary of Bridgestone Corporation, the World’s Largest Tire Maker, S&P Rated: BBB+

Located 2-Miles from Interstate-495 Along Route-125 (ADT: 23,000 Cars) | 30-Miles North of Downtown Boston

Directly Across from Wal-Mart, Home Depot, Staples & Adjacent to Rite Aid

Other Neighboring Anchor Tenants Include: Kohl’s, Market Basket, TJ Maxx, Shaw’s. Petco, Dollar Tree

Greater Boston Area: 4.5 Million People | 10 th Largest Metro in the U.S. | 12 th Largest Economy Worldwide

Average HH Income (3-Mile): $89,819


TABLE OF CONTENTS

PAGE 1: COVER

PAGE 2: TABLE OF CONTENTS - DISCLAIMER

PAGE 3: INVESTMENT OVERVIEW - LEASE OVERVIEW - TENANT OVERVIEW

PAGE 4: SITE PLAN

PAGES 5-7: AERIAL PHOTOGRAPHS

PAGE 8: MARKET OVERVIEW

PAGE 9: LOCATION MAPS & DEMOGRAPHICS

CONFIDENTIAL MEMORANDUM & DISCLAIMER

Representative Photo

EXP Realty Advisors, Inc. (“Agent”) has been engaged as the exclusive agent for the sale of the building located at 31 Garden Road, Plaistow, NH, leased to Bridgestone Retail Operations dba Firestone

Complete Auto Care (the “Property”), by the owner of the Property (“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent make no representations or

warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of

review by prospective purchasers of the interest described herein.

The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on

information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers,

employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to

be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability

whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision

made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein.

Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their

sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is

made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements

on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the

Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have

been satisfied or waived.

By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated

in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any

aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the

prior written authorization of Seller and Agent.

TABLE OF CONTENTS - DISCLAIMER | 2


PRICE: $3,870,000

CAP RATE: 7.15%

BUILDING AREA: 8,337+/- Square Feet

LAND AREA: 2.86+/- Acres

OCCUPANCY: 100% | Single Tenant

YEAR BUILT: 2011

OWNERSHIP: Fee Simple Interest

ADDRESS: 31 Garden Road, Plaistow, NH

LEASE OVERVIEW

Tenant: Bridgestone Retail Operations, LLC dba Firestone Complete Auto Care

Leasable Area: An approximately 8,337 SF building on approximately 124,884 SF of land

Initial Lease Term: Fifteen (15) years

Options to Renew: Five (5), five (5) year options

Projected Start Date (Occupancy): Early December 2011

Lease Type: Absolute NNN | Roof & structure is the tenant’s responsibility after year one (1)

Rent Increases: 6.5% every five (5) years

Year 1-5 Annual Rent: $276,541

Year 6-10 Annual Rent: $294,516

Year 11-15 Annual Rent: $313,659

Year 16-20 Annual Rent (Option 1): $334,047

Year 21-25 Annual Rent (Option 2): $355,760

Year 26-30 Annual Rent (Option 3): $378,885

Year 31-35 Annual Rent (Option 4): $403,512

Year 36-40 Annual Rent (Option 5): $429,740

BRIDGESTONE RETAIL OPERATIONS, LLC (“BSRO”)

World’s Largest Chain of Company Owned Auto Care Centers

2,200 Firestone Auto Care, Wheel Works, Tires Plus, Expert Tire - Operate Under BSRO

HQ in Bloomington, IL | Employees Nearly 22,000 People

Subsidiary of Bridgestone Corporation - S&P Rating: BBB+

Automotive service is the largest part of Bridgestone Retail Operations, LLC's business,

accounting for approximately 50 percent of sales with tire and financial services making up the

rest. Bridgestone Firestone North American Tire manufactures Bridgestone, Firestone, and

Dayton truck tires along with tires for virtually every wheeled vehicle made.

Harvey S. Firestone (1868-1938) founded The Firestone Tire & Rubber Company in Akron, Ohio,

in August 1900, and started marketing solid rubber tires for carriage wheels. Firestone joined the

retail store arena offering basic car service and tire sales in the mid-1920s when the original

Firestone Service Centers were opened. The 1940s saw the emergence of the Firestone Home &

Auto Store - a store concept of a one-stop retailer offering everything from automotive services

and tires to large household appliances, televisions, toys, bicycles, lawnmowers and even

outboard motors with the Firestone name brand affixed. The evolution of the retail stores

continued with the complete Tire & Service Center opening in the 1960s offering expanded

diagnostic under-car and under-hood service.

In the late 1970s the company, in an effort to re-focus its business solely on automotive service

and tire sales, began to phase out the sale of all non-auto related merchandise. Shortly

thereafter, in 1981, the Firestone MasterCare Car Service concept was introduced and

established as a premier brand of quality service being delivered to customers in a consistent

and distinctive manner. Bridgestone Corporation, founded in 1931 in Kurume, Japan, purchased

Firestone in 1988, transforming the company into the world's largest manufacturer of tires and

other rubber products. Bridgestone and Firestone operations in the Americas were consolidated

in 1990 as Bridgestone/Firestone, Inc.

Bridgestone/Firestone, Inc. initiated a series of changes to its corporate structure in December

2001, reorganizing its operations in the Americas under a holding company, Bridgestone

Americas Holding, Inc., and several operating subsidiaries. The largest of these operating

subsidiary companies is Bridgestone Retail Operations, LLC. In 2001 Bridgestone/Firestone also

announced its majority ownership stake in Morgan Tire & Auto, Inc. (MTA), then the nation's

second largest independent retailer of tires. Responsibility for MTA was shifted to Bridgestone

Retail Operations, LLC following the reorganization of Bridgestone/Firestone. Today, Bridgestone

Retail Operations, LLC and its subsidiaries employ approximately 22,000 teammates in North

America. Bridgestone Retail Operations, LLC consists of more than 2,200 company-owned

consumer and commercial stores in the United States as well as the company's own credit card

operations. The store channels include Firestone Complete Auto Care, Morgan Tire / Tires Plus,

Expert Tire, Commercial & Farm, and Mark Morris.

Today Bridgestone Retail Operations, LLC operates the largest number of company-owned fullline

automotive retail generalist stores in the world. The above information is from

www.bsro.com

INVESTMENT OVERVIEW - LEASE OVERVIEW - TENANT OVERVIEW | 3


Research Triangle Park

SITE PLAN | 4


Timberlane High School

AERIAL | 5


ADT: 23,000

AERIAL | 6


AERIAL | 7


IMMEDIATE TRADE AREA | PLAISTOW, NH

Bridgestone Firestone is strategically located along Route-125 (Traffic: 23,000

cars / day) in the center of Plaistow’s retail corridor. Bridgestone Firestone is

located adjacent to Rite Aid Pharmacy and across from Walmart, Home Depot

and Staples. Other retailers located within the trade area include Market

Basket, Kohl’s, Ethan Allen, Shaw’s Supermarkets, CVS Pharmacy, TJ Maxx,

Petco, TD Bank, AT&T, Applebee’s, Starbucks, Verizon Wireless, GNC and

Dunkin Donuts.

Plaistow is a town in Rockingham County, in the Boston-Cambridge-Quincy

metro area. Just over 30-miles north of Boston, the town of Plaistow’s

proximity to the Massachusetts border and Interstate 495 have made it and

the surrounding area a top choice for commuters. Plaistow’s economy is

centered along New Hampshire Route-125, a north-south road that connects

the town with Haverhill, Massachusetts to the south and Kingston, Epping, and

Rochester to the north. Route-125 intersects with Interstate 495 in

Massachusetts two miles south of Plaistow. Commuters to Massachusetts are

able to use a New Hampshire park and ride facility located on Westville Road,

just east of Route-125. The main railroad line from Boston to Portland, Maine,

utilized by Amtrak, passes through Plaistow. Passenger stations for the Amtrak

Downeaster are available in Haverhill to the south and Exeter to the north.

Industrial SIte

Research Triangle Park

THE GREATER BOSTON AREA

Boston is regarded as the unofficial "Capital of New England" for its

economic and cultural impact on the entire New England region. The city

proper had a population of 617,594 according to the 2010 U.S. Census.

Boston is also the anchor of a substantially larger metropolitan area called

Greater Boston, home to 4.5 million people and the 10 th largest

metropolitan area in the country. Greater Boston as a commuting region

includes six Massachusetts counties: Essex, Middlesex, Norfolk, Suffolk,

Plymouth, Worcester, northern Bristol County, all of Rhode Island and parts

of New Hampshire; it is home to 7.6 million people, making it the 5 th largest

Combined Statistical Area in the United States.

Boston is the capital of and largest city in Massachusetts, and is one of the

oldest cities in the United States. With many colleges and universities

within the city and surrounding area, Boston is an international center of

higher education and a center for medicine. There are 52 institutions of

higher education within the city limits, including Harvard University, the

oldest institution of higher education in the United States. The city's

economy is also based on research, electronics, engineering, finance, and

high technology—principally biotechnology. As a result, the city is a leading

finance center, ranking 12 th in the Z/Yen top 20 Global Financial Centers.

The city was also ranked number one for innovation, both globally and in

North America, Encompassing $363 billion, the Greater Boston metropolitan

area has the 6 th largest economy in the country and 12 th largest in the

world.

Some of the major companies headquartered within the city are the Liberty

Mutual insurance company, Gillette (now owned by Procter & Gamble), and

New Balance. Boston is also home to management consulting firms The

Boston Consulting Group and Bain & Company, as well as the private equity

group Bain Capital. The Ad Club serves as a networking company to Bostonbased

companies and advertising. Other major companies are located

outside the city, especially along Route 128, which serves as the center of

the region's high-tech industry. In 2006, Boston and its metropolitan area

ranked as the fourth-largest cybercity in the United States with 191,700

high-tech jobs. Only NYC Metro, DC Metro, and Silicon Valley have larger

high-tech sectors.

MARKET OVERVIEW | 8


2010 DEMOGRAPHIC SNAPSHOT

Radius 3 Mile 5 Mile 10 Mile

Population:

2015 Projection 25,277 84,356 332,023

2010 Estimate 25,059 83,597 328,141

2000 Census 23,911 79,933 309,375

Growth 2010-2015 0.90% 0.90% 1.20%

Growth 2000-2010 4.80% 4.60% 6.10%

2010 Households:

2015 Projection 9,619 32,264 120,996

2010 Estimate 9,504 31,933 119,544

2000 Census 8,973 30,411 112,797

Growth 2010-2015 1.20% 1.00% 1.20%

Growth 2000-2010 5.90% 5.00% 6.00%

Owner Occupied 7,261 21,085 77,807

Renter Occupied 2,244 10,848 41,737

2010 Avg Household Income $89,819 $83,416 $82,795

2010 Med Household Income $77,253 $70,209 $67,948

2010 Per Capita Income $33,990 $32,197 $30,348

2010 Households by Household Inc:

Income Less than $15,000 465 2,451 11,233

Income $15,000 - $24,999 382 2,166 8,626

Income $25,000 - $34,999 582 2,133 8,838

Income $35,000 - $49,999 1,024 3,408 13,189

Income $50,000 - $74,999 2,106 7,053 24,452

Income $75,000 - $99,999 1,587 4,990 17,043

Income $100,000 - $149,999 2,405 6,683 23,864

Income $150,000 - $249,999 789 2,518 10,033

Income $250,000 - $499,999 142 461 1,942

Income $500,000 or more 21 70 325

LOCATION MAPS – DEMOGRAPHICS | 9

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