KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA JAMES CAPITAL ADVISORS, INC.
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KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA JAMES CAPITAL ADVISORS, INC.
JAMES CAPITAL ADVISORS
MARKETING PACKAGE
KAY Jewelers
8115 W. Judge Perez Dr
Chalmette, LA 70043
CONTENTS PAGE
Investment Summary 03
Retail Aerial 04
Lease Summary 05
Rent Schedule 06
Retail Aerials 07
Site Plan 09
About the Brand 10
Location Overview 11
Developments 16
CONTACT INFORMATION
richard brehaut
Director
(424) 325-2608
02
KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
INVESTMENT SUMMARY
$1.4M
$1,442,000
Tenant KAY Jewelers
Street Address 8115 W. Judge Perez Dr PURCHASE PRICE
7.00%
7.00%
City Chalmette
State LA CAP RATE
$100K
Zip 70043
$100,943
GLA 2,400 SF NET OPERATING INCOME
Lot Size 1.00 AC Price / SF $600.83
Year Built 2017 Rent / SF $42.06
New Construction; Minimal Landlord Responsibilities - Built in 2017, KAY Jewelers is operating
under a long-term lease with landlord responsibilities limited to roof, structure, and utility lines.
Pad to Walmart Supercenter - KAY Jewelers is strategically located as a pad to a 24-hour Walmart
Supercenter. Additional national tenants in the center include Raising Cane’s, Capital One, Murphy
Oil, Subway and Verizon.
Attractive Rental Increases to Hedge Against Inflation - The lease will feature 10% rent increases
every 5 years, giving the landlord the benefit of compounding rent growth throughout the base term
and option periods.
#1 Jewelry Store in America - KAY Jewelers is the number one jewelry store in America with more
than 1,500 locations.
Corporate Guarantee from Publicly Traded Company - The lease is guaranteed by Signet Jewelers
Limited, the world’s largest retailer of diamond jewelry. SIG operates over 3,500 stores in the US, UK,
and Canada under the names of KAY Jewelers, Zales, H.Samuel and many more.
New Orleans MSA - Kay Jewelers is only 15 minutes from the French Quarter. Known as the heart of
New Orleans, the French Quarter is famous for its vibrant nightlife and colorful buildings.
03 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043
KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA RETAIL AERIAL 04 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043
KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
LEASE SUMMARY
Lease Type Double-Net (NN) Real Estate Taxes Tenant Responsible
Type of Ownership Fee Simple Insurance Tenant Responsible
Original Lease Term 10 Years Roof & Structure Landlord Responsible
Commencement Date 10/6/2017 Lease Guarantor Corporate
Lease Expiration 12/31/2027 Company Name Sterling Jewelers, Inc.
Term Remaining 7.5+ Years Ownership Public
Increases 10% Every 5 Years Years in Business 109
Options Two (2), 5-Year Number of Locations 1,500+
Strong Infill Demographics - The subject property benefits from strong infill demographics with
64,000 people in three miles and 182,000 people in five miles.
Healthy Mix of Surrounding National Retailers - Major national tenants in the immediate trade area
include Walmart Supercenter, The Home Depot, McDonald’s, Popeyes Louisiana Kitchen, Pizza Hut,
Dollar Tree, Raising Cane’s and more.
Adjacent to St. Bernard Parish Hospital - The subject property is adjacent to the heart and soul of
healthcare in the community. St Bernard Parish Hospital is a 133,000 SF hospital with 100 doctors,
767-beds and an estimated 24,00 annual ER visits.
Excellent Site Level Visibility - The subject property has frontage Louisiana Highway 39, which has
daily traffic counts exceeding 23,028 vehicles per day.
Adjacent to New Holiday Inn Express & Suites - Built in 2017, the Holiday Inn Express & Suites
Chalmette’s 78 rooms are consistently booked by tourists traveling to New Orleans.
Across from Parc Place Apartment Homes - Parc Place Apartment Homes is a 97% leased, 174,240
SF apartment community that consists of 72 units.
St. Bernard Parish Hospital
05 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043
KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
RENT SCHEDULE
PERIOD TERM ANNUAL RENT MONTHLY RENT INCREASE CAP RATE
10/6/2017 - 12/31/2022 Base Term $100,943 $8,412 - 7.00%
01/01/2023 - 12/31/2027 Base Term $111,037 $9,253 10% 7.70%
01/01/2028 - 12/31/2032 1st Option $122,141 $10,178 10% 8.47%
01/01/2033 - 12/31/2037 2nd Option $134,355 $11,196 10% 9.32%
06 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043
KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA RETAIL AERIAL 07 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043
KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA RETAIL AERIAL 08 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043
KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA SITE PLAN 09 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043
KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
ABOUT THE BRAND
About Kay Jewelers
Kay Jewelers originally began more than 100 years ago with the mission to be the symbol of love
and gratitude. Their first store opened up in Reading, PA in 1916 with the hopes of bringing their
clientele gifts that could make anyone smile. Back then, Kay Jewelers focused on eyeglasses,
music boxes, silverware, appliances and razors. Now, they operate over 1,000 stores that focus
on diamond jewelery from coast to coast. Their devotion for providing beautiful, affordable and
accessible jewelry to everyone has made KAY Jewelers the most popular and successful diamond
jewelery company in the world. From classic must-haves to the latest fashions, their selection of
quality jewelry is second to none. Just like the friendly, knowledgeable jewelry consultants in every
KAY store who are dedicated to helping you find the perfect expression of your love and gratitude.
13K+ $2.5B 1.5K
13,901+
EMPLOYEES
$2.5B
REVENUE
1,500
LOCATIONS
About Signet Jewelers
Signet Jewelers is the world’s largest retailer of diamond jewelry and the largest specialty jewelry
retailer in the US, UK and Canada. It began as Ratner Group and eventually formed into Signet
Jewelers. They are domiciled in Bermuda and headquarted in Akron, Ohio while also being on the
New York Stock Exchange. Signet operates approximately 3,556 stores primarily under the name
brands of Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples Jewellers, Piercing Pagoda
and JamesAllen.com. The company’s annual sales of $6.25 billion derive from the retailing of jew-
elry, watches and associated services. Signet Jewelers operates through three segments: North
America, International, and Other. The North America segment operates stores in malls and off-mall
locations. In the international segment, they mostly operate under the H.Samuel and Ernest Jones
brands.
7 7
BRANDS
$6M 3K
$6.2M
REVENUE
3,556
LOCATIONS
10 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
NEW ORLEANS MSA
New Orleans MSA
Located east of downtown New Orleans,
Chalmette is part of the New Orleans–
Metairie–Kenner Metropolitan Statistical
Area.
Consistent Tourism Growth
2018 was the seventh year in a row of
record-breaking state tourism numbers.
New Orleans had 51.3 million tourists visit
the city in 2018, a year over year increase
of 9% compared to 2017.
Award Winning Tourism
New Orleans was #1 on TripAdvisor’s
list of “10 Best Foodie Vacations in the
USA”, May 2018. The New York Times
also featured New Orleans as their #1
destination on their list of “52 Places to
Go in 2018”, Jan 2018.
New Orleans Saints
The New Orleans Saints are a professional
NFL team based in New Orleans. The
Saints compete as a member of the
league’s NFC South division.
Mercedes-Benz Superdome
The Mercedes Benz Superdome is the
home to the New Orleans Saints football
team and is the largest fixed dome
structure in the world with a diameter of
680 feet and holds a capacity of 78,133.
Mardi Gras
Over 1 million people flock to New
Orleans annually for Mardi Gras. Mardi
Gras generates over $1 billion in annual
spending.
Mercedes-Benz Superdome - Capacity of 78,133
11 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
Greater NEW ORLEANS OVERVIEW
Port NOLA is the sixth-largest cruise port in the United States. Greater New Orleans
Greater New Orleans regions consist
of 10 parishes - each enjoying its own
Connects U.S. river traffic and global routes via the Mississippi River and Gulf of Mexico. character, attractions, and strategic
business advantages as well as provide
a compelling platform to compete on a
One of the largest container terminals along U.S. Gulf Coast.
global scale.
Fourth Largest Port in the U.S.
Moved more containers in 2018 than at any time in its history, totaling 591,253 twenty-foot The Port of New Orleans is a modern
equivalent units, up to 12.3% compared to previous years. Multimodal gateway for global trade and
a thriving port for cruise passengers. Port
Port is 1 in 4 cities in the United States that owns a railroad, greatly enhancing its competitive Nola has access to 30+ major inland hubs
advantage. such as Memphis, Chicago, and Canada
via 14,500 miles of waterways, 6 Class I
railroads, and interstate roadways.
Healthcare Explosion in New Orleans
Greater New Orleans was recently ranked
first in the nation for healthcare growth.
From 2007 - 2017, jobs in this sector have
increased by 78 percent, and research
by GNO, Inc. predicts that healthcare
will continue to be the top sector for job
growth in the region through at least
2026.
Thriving Population Growth
New Orleans has seen an annual
population growth of 7,000 for the past
seven years, with the total population
expected to reach 418,000 by 2020.
Explosive Residential Development
Through a state-funded program,
Housing for a Resilient New Orleans,
7,500 affordable housing units will be
built by 2021, showing support for rental
and ownership opportunities.
12 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
LOCATION OVERVIEW
1. French Quarters
French Quarters, New Orleans, LA 70116
6 MILES FROM SUBJECT PROPERTY
2. Mercedes-Benz Superdome
1500 Sugar Bowl Dr, New Orleans, LA 70112
7.5 MILES FROM SUBJECT PROPERTY
3. Aquarium of the Americas
1 Canal St, New Orleans, LA 70130
6.7 MILES FROM SUBJECT PROPERTY
4. Jackson Square
701 Decatur St, New Orleans, LA 70116
6.2 MILES FROM SUBJECT PROPERTY
5. National WWII Museum
945 Magazine St, New Orleans, LA 70130
7.3 MILES FROM SUBJECT PROPERTY
6. Audubon Zoo
6500 Magazine St, New Orleans, LA 70118
12 MILES FROM SUBJECT PROPERTY
13 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
LOCATION OVERVIEW
01 02 03
French Quarters Mercedes-Benz Superdome Aquarium of the Americas
The French Quarter is the oldest This domed sports and exhibition stadium Aquarium of the Americas is consistently
neighborhood in the city of New Orleans located in the Central Business District of top ranked, voted as one of the top five
& a prime tourist destination in the city. New Orleans has a capacity of 78,000+. in the country in the USA Today “10Best”.
04 05 06
Jackson Square National WWII Museum Audubon Zoo
This timeless attraction sits in the heart of This museum offers a compelling blend of This popular exhibit & zoo run by the
the French Quarter of New Orleans and sweeping narratives, poignant personal Audubon Nature Institute covers 58
is a fan favorite for locals and visitors. detail, immersive exhibits & experiences. acres and is home to 2,000 animals.
14 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
DEMOGRAPHICS
POPULATION 1-Mile 3-Mile 5-Mile
2024 Projection 7,842 66,820 188,744
2019 Estimate 7,448 64,023 182,765
2010 Census 5,873 52,101 158,389
Growth ‘19 - ‘24 5.29% 4.37% 3.27%
Growth ‘10 - ‘19 26.82% 22.88% 15.39%
HOUSEHOLDS 1-Mile 3-Mile 5-Mile
2024 Projection 2,768 24,991 73,860
2019 Estimate 2,637 23,994 71,667
2010 Census 2,113 19,772 62,961
Growth ‘19 - ‘24 4.97% 4.16% 3.06%
Growth ‘10 - ‘19 24.80% 21.35% 13.83%
Average Income $49,053 $56,290 $56,146
Median Income $38,529 $41,109 $37,685
15 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA
DEVELOPMENTS
New Orleans International Airport
After seven years of planning, the $1 billion, 35-
gate North Terminal, intended to replace the
current airport, remains one of New Orleans’
largest projects. . The new terminal complex is now
nearly complete at Louis Armstrong New Orleans
International Airport (MSY). The $1 billion, 35-gate
terminal will provide an improved passenger
experience showing off the spirit of New Orleans
throughout the facility through the presence of live
music and local restaurants that characterize New
Orleans’ distinct culture. When the new facility
opened on November 6, 2019, all operations
moved to the new location on the other side of the
airport runways.
Children’s Hospital’s Expansion
The first phase of a $300 million expansion of the
state’s only freestanding children’s hospital began
in 2018. Construction is in progress for a four-story
tower at the hospital’s Uptown campus that will
include two operating rooms, a cardiac intensive
care unit, 28 private beds, and a radiology suite.
Included in the expansion are a same-day surgery
unit, a neonatal cardiac intensive care unit, a cancer
center, a 400-car garage, and a newly designed
entrance and lobby. The project is scheduled to
be completed in 2021. When the four-year, $300
million project is completed, the hospital’s campus
will feature nearly a million square feet of newly
constructed or renovated space.
16 8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043JAMES CAPITAL ADVISORS, INC. DISCLAIMER The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Brian Brockman (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto. The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants. A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or com- parable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property. CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker. RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein. NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker. 17
FOR INQUIRIES
PLEASE CONTACT
richard brehaut Brian Brockman
Director Broker of Record
(424) 325-2608 (513) 898-1551
richard@jamescapitaladvisors.com brian@bangrealty.com
CA RE Lic. 01934760 LA RE Lic #: BROK.0995684990-ASA
Bang Realty, Inc
Cincinnati, OH
CORP. Lic #: BROK.0995684693-CORP
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