110 REYNOLDS ROAD | BYRON, GA - INTERACTIVE OFFERING MEMORANDUM
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110 REYNOLDS ROAD | BYRON, GA
INTERACTIVE OFFERING MEMORANDUM
™
American tire distributors - byron, ga | 1
Exclusively Listed By: brett davis SENIOR ASSOCIATE Direct (424) 217-7709 Mobile (310) 897-0809 brett.davis@matthews.com License No. 02116782 (CA) ALEXANDER HARROLD SVP & SENIOR DIRECTOR Direct (310) 919-5790 Mobile (310) 977-1651 alex.harrold@matthews.com License No. 02009656 (CA) Kyle Matthews Broker of Record License No. 80041 (GA) 2 | MATTHEWS™
TABLE OF CONTENTS
04 EXECUTIVE SUMMARY
05 FINANCIAL OVERVIEW
1 0 TENANT OVERVIEW
1 1 AREA OVERVIEW
American tire distributors - byron, ga | 3
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
• Highly Functional 2016 Build-to-Suit – This highly functional ±80,600 SF facility is situated on ±7.2 AC of land (26% Coverage) and is equipped with
thirteen (13) dock-high doors, one (1) grade-level door, and a 28’ clear height. This location was specifically selected and built for the operations of
American Tire Distributors in 2016.
• Low-Basis & Below Market Rental Rate – At the list price, an investor can acquire this recently developed facility at just $89.67 PSF which is well below
replacement cost. American Tire Distributors is currently paying below market rent at $5.83/SF NNN, while newer construction buildings in the vicinity are
asking ±$7.00/SF NNN. The Warner Robins Market has experienced industrial rents grow 11.2% in Q1 of 2023, with an average annual gain of 9.1% over the
past three years.
• Strategically Located Along Interstate 75 – This subject ATD facility is strategically located directly off Interstate 75, making this a great location for
distribution operations. I-75 is the major north-south interstate spanning six states from the Canada/U.S. border all the way to Miami, FL and is the main
highway connecting Atlanta to Florida. Just ±5 miles North along the I-75, there is a ton of new industrial development which is home to national tenants
including a 1M+ SF Amazon Fulfillment Center, 250K SF FedEx Ground Facility, and many more.
• Strong Corporate Guarantee – American Tire Distributors is one of the largest independent suppliers of tires to the replacement tire market throughout
the country. ATD has more than ±120 distribution centers and mixing warehouses, ±1,500 delivery vehicles on the road nationwide, and ±40,000,000
delivery miles logged every year across North America, and is continuing to expand its global capabilities.
4 | MATTHEWS™
FINANCIAL OVERVIEW
110 Reynolds Road, PRICE CAP RATE PRICE/SF
Byron, GA 31008 $7,227,000 6.50% $89.67
LEASE SUMMARY PROPERTY SUMMARY
Lease Commencement 2/1/2016 Building Square Feet (±) 80,600 SF
Acres (±) 7.20 AC
Lease Expiration 1/31/2026
Lot Square Feet (±) 313,632 SF
Lease Term Remaining (±) 3 Years Building/Lot Coverage 26%
Options (2) 5-Year Options Year Build-to-Suit 2016
Construction Concrete Tilt-Up
Monthly Rent $39,146.98
Dock Doors 13
Annual Rent $469,763.76 Clear Height (±) 28’
Rent/SF $5.83
Rent/SF Land $1.50 FINANCING OPTIONS
Lease Type Industrial NNN For financing options reach out to:
Taxes, Insurance, Utilities, Maintenance, James Brandon
Tenant Responsibilities
Parking, HVAC, etc. james.brandon@matthews.com
Landlord Responsibilities Roof & Structure (310) 955-5836
American tire distributors - byron, ga | 5
ANNUALIZED OPERATING DATA
YEAR ANNUAL RENT MONTHLY RENT RENT / SF RENT / SF LAND CAP RATE increases
2/1/2016 - 1/31/2026 $469,764 $39,147 $5.83 $1.50 6.50% -
1st option
2/1/2026 - 1/31/2031 $494,594 $41,216 $6.14 $1.58 6.84% 5%
2nd option
2/1/2031 - 1/31/2036 $544,054 $45,338 $6.75 $1.73 7.53% 10%
±25,740 Sq. Ft.
Building Expansion
Capabilities
6 | MATTHEWS™
American tire distributors - byron, ga | 7
8 | MATTHEWS™
±25,740 Sq. Ft.
Building Expansion
Capabilities
American tire distributors - byron, ga | 9
TENANT PROFILE
TENANT AMERICAN TIRE DISTRIBUTERS
AMERICAN TIRE DISTRIBUTERS
American Tire Distributors is one of the largest independent suppliers of tires to the replacement
tire market. It operates more than 120 distribution centers, serving approximately 80,000 customers
industries across the U.S. The company offers an unsurpassed breadth and depth of inventory, frequent
delivery and value-added services to tire and automotive service customers. American Tire
MOTOR VEHICLE MFG Distributors employs more than 4,000 associates across its distribution center network. The
company was named one of the Best and Brightest Companies to Work for in the Nation by the
National Association for Business Resources and became one of Newsweek’s Top 100 Most Loved
Workplaces®.
HEADQUARTERS In 1935, James H. Heafner opened Heafner Tire, a single tire store in Lincolnton, NC. Over the
HUNTERSVILLE, NC
course of 65 years, Heafner Tire grew to become a leading national tire and service distributor. In
that time, several major tire companies, such as Beach Tire Mart, Oliver & Winston, and
Commonwealth Tire, were brought under the Heafner banner.
# of Locations In 2002, the name American Tire Distributors (ATD) was adopted to reflect the company’s national
±120
footprint and focus on distribution. They’ve always prided themselves on delivering excellence and
being at the forefront of innovation. Today, they not only continue to grow their unmatched
distribution network, but they also are expanding their digital ecosystem and data capabilities. ADT
goal is to keep delivering an edge over the competition.
10 | MATTHEWS™AREA OVERVIEW
BYRON, GA
Located in aptly-named Peach County, Byron is a classically southern
town in Central Georgia. The heart of the city lies at the railroad
crossing that runs along Main St. and East Heritage Blvd. City Hall
and a few stores occupy the area, including Drugstore Deli, a locally
owned café that’s always busy.
Aside from the modest city center, Byron is largely residential. Its size
means that you’ll get to know your neighbors in no time, and that space
and home sizes are larger and more affordable than Macon or Atlanta.
Extra space doesn’t mean you’re out of reach of the conveniences of
the city, however. Macon is just 25 minutes to the east via I-75, and
Atlanta another hour north.
ATLANTA, GA
POPULATION 3-MILE 5-MILE 10-MILE
2028 Estimation 15,696 35,068 177,521
2023 Population 14,636 32,608 164,581
2010 Population 13,162 29,613 148,958
Annual Growth 2010-2023 0.9% 0.8% 0.9%
Annual Growth 2023-2028 1.4% 1.5% 1.6%
HOUSEHOLDS 3-MILE 5-MILE 10-MILE
2028 Estimation 6,019 13,675 67,476
2023 Population 5,618 12,715 62,515
2010 Population 5,040 11,524 56,512
Subject Property Annual Growth 2010-2023 1.2% 1.0% 1.0%
Annual Growth 2023-2028 1.4% 1.5% 1.6%
INCOME 3-MILE 5-MILE 10-MILE
COLUMBUS, GA Avg. HH Income $74,802 $78,753 $75,582
American tire distributors - byron, ga | 11ATLANTA, GA
Atlanta, Georgia is one of the most well known cities in the country for its
Southern charm and modern sophistication. This city is full of surprises –
from towering skyscrapers to historic, brick-lined sidewalks, Atlanta has it all.
Atlanta’s economy is remarkably diverse. It’s a major transportation hub and is
home to the world’s busiest airport, Hartsfield-Jackson Atlanta International.
This booming metropolis is the third most popular filming destination with
several major movie studios, and is a communications hub with CNN, Cox
Enterprises, the Weather Channel, and Turner Broadcasting.
The city of Atlanta is one of the fastest-growing tech hubs in the nation as well.
Fortune 500 companies thrive here, with headquarters including Delta Airlines,
UPS, Coca-Cola, and Home Depot. Universities that call Atlanta home include
Georgia State University, Georgia Tech, Clark Atlanta University, and Emory
University. There’s an idyllic blend in Atlanta between eclectic college towns,
bustling urban streets, serene suburban neighborhoods, iconic attractions,
historic architecture, and a sense of Southern hospitality.
Atlanta features an array of neighborhoods, each with their own unique
character, and an assortment of apartments, condos, houses, and townhomes,
ranging from affordable to upscale. After you find your perfect rental in the
city, check out SkyView Atlanta at Centennial Olympic Park, the Georgia State
Capitol Building, Piedmont Park, the Georgia Aquarium, Ponce City Market,
Krog Street Market, and so much more. Atlanta’s attractions aren’t the only
perk of living in the city – this metropolis is known for its bustling community
events like Music Midtown and the Atlanta Food & Wine Festival.
12 | MATTHEWS™CONFIDENTIALITY AGREEMENT & DISCLAIMER This Offering Memorandum contains select information pertaining to the business and affairs of the property owner and its tenant for real property located at 110 Reynolds Road Byron, GA 31008 (“Property”). The Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material and information in the Offering Memorandum is unverified. Matthews Real Estate Investment Services has not made any investigation, and makes no warranty or representation, with respect to square footage, income and expenses, the future financial performance of the property, future rent, and real estate value market conditions, the condition or financial prospects of any tenant, or the tenants’ plans or intentions to continue to occupy space at the property. All prospective purchasers should conduct their own thorough due diligence investigation of each of these areas with the assistance of their accounting, construction, and legal professionals, and seek expert opinions regarding volatile market conditions given the unpredictable changes resulting from the continuing COVID-19 pandemic. The information is based in part upon information supplied by the Owner and in part upon financial information obtained from sources the Owner deems reliable. Neither owner, nor their officers, employees, or real estate agents make any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum, or any of its content, and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein. By acknowledging your receipt of this Offering Memorandum for the Property, you agree: 1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner. Matthews Real Estate Investment Services is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee in the Offering Memorandum. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Matthews Retail Group Inc. Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Owner or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date of this Offering Memorandum.
110 REYNOLDS ROAD | BYRON, GA 31008
OFFERING MEMORANDUM
Exclusively Listed By:
brett davis ALEXANDER HARROLD
Senior Associate SVP & Senior Director
Direct (424) 217-7709 Direct (310) 919-5790
Mobile (310) 897-0809 Mobile (310) 977-1651
brett.davis@matthews.com alex.harrold@matthews.com
License No. 02116782 (CA) License No. 02009656 (CA)
Kyle Matthews
Broker of Record
License No. 80041 (GA)
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