AURORA, CO
Year(s) Annual Increase Years 1-5 $222,000Year 6 $225,330 1.50% Year 7 $228,709 1.50% Year 8 $232,139 1.50% Year 9 $235,621 1.50% Year 10 $239,155 1.50% Year 11 $242,742 1.50% Year 12 $246,383 1.50% Year 13 $250,078 1.50% Year 14 $253,829 1.50% Year 15 $257,636 1.50%
Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service. Christian Brothers is progressing on a growth initiative that has already taken their brand to over 250 stores throughout the southeast, lower midwest and southwest United States as of 2022.
COMPANY SUMMARY
Company
Christian Brothers Automotive
Private Market Cap
Ownership
See Agent for Details Sales Volume
See Agent for Details
Number of Locations 250+ Years in Business 40+ Years Headquarters Houston, TX Website www.cbac.com
• Long-Term Absolute Triple-Net Lease
• Zero Landlord Responsibility
• 15-Year Primary Term with Options up to 65 Years
• One and One-Half Percent Annual Rent Escalations Starting in Year 6
• Strong Corporate Guarantee
• Christian Brothers started in 1982, is Growing at 20-25 Locations per Year, Currently Has Over 250 Locations and Never Closed a Store
• Situated near the Intersection of E Quincy Ave and S Picadilly Rd, which sees over 27,000 Vehicles per Day
• The Population Within a 5-Mile Radius is over 300,000 People
• The Average Household Income is over $113,000 - More Than 1.5x the National Average
• Surrounding Retailers Include; Mcdonalds, Walmart Neighborhood Market, Starbucks, 7-Eleven, Murphy USA, Taco Bell, Target, Lowe’s Home Improvement, KFC and More
Estimated
SNAPSHOT
$113,833 27,346
Population: 5 Mile Radius 307,647
Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location.
Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location.
Denver is the capital and most-populous municipality in the U.S. state of Colorado. It is located just east of the foothills of the Rocky Mountains. Denver is nicknamed the Mile High City because its official elevation is exactly one mile (5280 feet) above sea level. Denver is ranked as a Beta-world city by the Globalization and World Cities Research Network. It has an estimated population of of 716,492 in 2018, making it the 19th-most populous city, and with a 19.38% increase since the 2010 United States Census, it has been one of the fastest-growing major cities in the United States. Denver is the most populous city of the 18-county Front Range Urban Corridor, an oblong urban region stretching across two states with an estimated 2018 population of 4,976,781. In 2016, Denver was named the best place to live in the United States by U.S. News & World Report.
The Denver MSA has an estimated gross metropolitan product of $208.8 billion in 2017, making it the 18th largest metro economy in the United States. Denver’s economy is based partially on its geographic position and its connection to some of the country’s
major transportation systems. Because Denver is the largest city within 500 miles, it has become a natural location for storage and distribution of goods and services to the Mountain States, Southwest states, as well as all western states. Another benefit for distribution is that Denver is nearly equidistant from large cities of the Midwest and some large cities of the West Coast. Naturally, Denver is home to large corporations, making the city a key trade point for the country.
Denver has also enjoyed success as a pioneer in the fast-casual restaurant industry, with many popular national chain restaurants founded and based in Denver. Chipotle Mexican Grill, Quiznos, and Smashburger were founded and headquartered in Denver. Geography also allows Denver to have a considerable government presence, with many federal agencies based or having offices in the Denver area. Along with federal agencies come many companies based on US defense and space projects, and more jobs are brought to the city by virtue of its being the capital of the state of Colorado.
1 Mile 3 Mile 5 Mile
Population
2010 Population 18,389 133,227 278,912
2020 Population 18,382 143,258 307,647 2025 Population Projection 18,723 147,617 318,840 Annual Growth 2020-2025 0.40% 0.60% 0.70% Median Age 36.6 38 37.1
Bachelor's Degree or Higher 30% 38% 38% U.S. Armed Forces 22 339 948
Population by Race
White 13,643 103,781 217,145 Black 2,268 17,402 43,951 American Indian/Alaskan Native 280 1,435 3,240 Asian 1,006 12,937 27,114 Hawaiian & Pacific Islander 112 559 1,164 Two or More Races 1,074 7,144 15,032 Hispanic Origin 3,595 22,853 56,389
Households:
1 Mile 3 Mile 5 Mile
2010 Households 6,795 48,326 104,383
2020 Households 6,818 51,801 114,663
2025 Household Projection 6,947 53,333 118,791
Annual Growth 2020-2025 0.40% 1% 0.70%
Owner Occupied 5,101 41,330 81,632 Renter Occupied 1,846 12,002 37,159
Avg Household Size 3 3 3 Avg Household Vehicles 2 2 2
Median Household Income $77,437 $93,116 $85,425
< $25,000 475 3,196 8,885
$25,000 - 50,000 1,109 7,338 18,575 $50,000 - 75,000 1,721 9,704 23,038 $75,000 - 100,000 1,067 7,814 16,387 $100,000 - 125,000 944 6,931 14,509 $125,000 - 150,000 513 4,835 9,501 $150,000 - 200,000 593 6,532 12,255 $200,000+ 396 5,451 11,513
CONFIDENTIALITY AGREEMENT
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE.
This offering memorandum has been prepared to provide summary, unverified financial and physical 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. STRIVE 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, PCBs or asbestos, the compliance with local, 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. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE
Net Lease Disclaimer
STRIVE hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this 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, Buyer 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 Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
