Builders Firstsource | Charleston, WV

BUILDERS FIRSTSOURCE

500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

marketing package TABLE OF CONTENTS 03 Investment Summary 04 Retail Aerial 05 Lease Summary 06 Rent Schedule 07 Retail Aerial 08 Property Photo 10

Site Plan

11

About the Brand

12

Location Overview

CONTACT INFORMATION

KRISTEN HOLOWATY Associate (424) 325-2658

tony anderson Director (424) 325-2615

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500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

INVESTMENT SUMMARY Tenant Street Address City State Zip GLA Lot Size Year Built * $46,000 is attributed to percentage rent

Builders FirstSource 500 Patrick St Charleston WV 25387 47,063 SF

$

$1,696,000 LIST PRICE

% 6.25% CAP RATE $

$106,000* NET OPERATING INCOME

4.20 AC

Price / SF

$36.04

1978

Rent / SF

$1.27

* $46,000 is attributed to percentage rent.

Strong Corporate Guarantee Builders FirstSource is the largest supplier of building products, prefabricated components and value-add services in the U.S. Builders FirstSource is a Fortune 500 company with 400 locations in 39 states.

Strong Unit Level Historic Sales The tenant has demonstrated strong historic sales at this location that dates back to the 2008 recession, demonstrating that this is a pandemic and recession proof tenant.

True Passive Investment (Ground Lease) This property is subject to a 3-year Absolute Net (NNN) ground lease with the tenant fully responsible for maintenance, insurance and taxes providing the owner with zero landlord responsibilities.

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500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

RETAIL AERIAL

04

500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

LEASE SUMMARY Lease Type

Real Estate Taxes

Tenant Responsible

Insurance

Tenant Responsible

5 Years

Roof & Structure

Tenant Responsible

Commencement Date

08/01/1978

Lease Guarantor

Corporate

Lease Expiration

8/01/2023

Company Name

Builders FirstSource

Term Remaining

3 Years

Type of Ownership Original Lease Term

Ground Lease Fee Simple

Ownership

ROFR / ROFO

30 Day ROFR

Years in Business

Options

One (1), 5-Year

Number of Locations

Public 22 400+

Continued Growth FirstSource has purchased 3 companies in the past 5 years to help improve the services it provides, including acquiring ProBuild in 2015, Raney Components / Raney Construction in 2019 and Bianchi & Company ( Millwork Supplier and Install Company) in 2020.

Exceptional Traffic Counts This site benefits from over 18,000+ vehicles that pass the building per day.

Percentage Rents Per the lease, the tenant is obligated to report sales, and for the last 10 years, the coverage in rent is an average of $46,000 per year.

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500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

RENT SCHEDULE Period

Term

Annual Rent

Monthly Rent

Rent / SF

CAP Rate

Current - 08/01/2023

Base Term

$60,000

$5,000

$1.27

6.25%

8/1/2023 - 08/01/2028

1st Option

$60,000

$5,000

$1.27

6.25%

* $46,000 is attributed to percentage rent.

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500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

RETAIL AERIAL

07

500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

PROPERTY PHOTO

08

500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

PROPERTY PHOTO

09

500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

SITE PLAN

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500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

ABOUT THE BRAND

Builders FirstSource Builders FirstSource is headquartered in Dallas, Texas & is the largest U.S supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. They provide customers an integrated homebuilding solution, offering manufacturing, supply, delivery and installation of a full range of structural and related building products.

400+

B3

$7.3 Billion

39 States

NUMBER OF LOCATIONS

$

2019 NET SALES

MOODY’S CREDIT RATING

GEOGRAPHICAL FOOTPRINT

Builders FirstSource provides an integrated solution to their customers by helping them shorten construction cycle times, reduce construction costs, increase build quality, improve safety, and reduce waste. They manufacture roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork and trim, and interior and exterior doors tailored to the specific needs of their customers. They carry a full line of professional grade building products, such as dimensional lumber and lumber sheet goods and various window, door, and millwork lines. They also offer an extensive range of construction-related services, including design services, product installation, and turn-key framing.

Builders FirstSource combines dedication and experience with the purchasing power and technological resources of a Fortune 500 company, including their state-of-the-art truss manufacturing facilities, advanced delivery optimization system, and sophisticated on-line portal, to create the best customer experience in the industry. Builders FirstSource even offers a broad range of green building products, including trusses, wall panels, SFI certified lumber, engineered lumber, and Energy Star qualified windows and doors.

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500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

LOCATION OVERVIEW Charleston, WV West Virginia’s capital city is perfectly positioned at the confluence of the Kanawha and Elk rivers. It’s also where three major interstates converge, making it a highly accessible destination for visitors looking for an affordable getaway. The city had an estimated population of 46,536 in 2019 & the Charleston metropolitan area as a whole had an estimated 208,089 residents in 2019. Charleston boasts the history you’d expect of a capital city, but a growing arts scene and its riverside position makes it a hub for recreation and culture, too.

Once a frontier town and home to Daniel Boone, today Charleston is the historic, sophisticated capital of West Virginia and home to a variety of exciting cultural and recreational attractions. The State Capitol, with its gleaming 23-karat gold dome and classic 20th-century architecture, is truly a sight to see. Most of the city’s major landmarks are located right around the Capitol, making it easy to see everything. Charleston’s vibrant culture shines through various downtown museums, shops, art galleries, restaurants and its live music scene.

Robust Economy Charleston is a town that is known to pack more punch than its weight. There are currently two large residential projects including a 50+ unit loft building in downtown and a 55+ unit project to keep up with the increased demand in the city.

State Capitol Charleston is the state capital and most populous city of West Virginia. The Charleston metropolitan area is home to over 200,000 residents and is the center of finance, retail trade, government and industry for Kanawha County, of which it is the county seat.

Business Friendly Environment Charleston has one of the country’s most landlord friendly tax incentive programs. Its Waterways systems helps it move in goods from the Gulf of Mexico via the Ohio and Mississippi rivers.

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500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

LOCATION OVERvIEW 1.

West Virginia State Museum 1900 Kanawha Blvd E #435, Charleston, WV 25305 4.2 MILES FROM SUBJECT PROPERTY

2. West Virginia Veterans Memorial 1900 Kanawha Blvd E, Charleston, WV 25305 4.1 MILES FROM SUBJECT PROPERTY

3. Capitol Gold Dome 1900 Kanawha Blvd, Charleston, WV 25305 4.1 MILES FROM SUBJECT PROPERTY

4. Charleston Convention Center 200 Civic Center Dr, Charleston, WV 25301 2.4 MILES FROM SUBJECT PROPERTY

5. University of Charleston 2300 MacCorkle Ave SE, Charleston, WV 25304 4.8 MILES FROM SUBJECT PROPERTY

6. West Virginia State University 200 Erickson Alumni Ctr, Institute, WV 25112 6.8 MILES FROM SUBJECT PROPERTY

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500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

LOCATION OVERvIEW

01 WEST VIRGINIA STATE MUSEUM

museum with art & exhibitions celebrating WV’s history & culture.

02 WEST VIRGINIA VETERANS MEMORIAL

a two-story oval shaped monument honoring 10,000+ West Virginians.

04 CHARLESTON CONVENTION CENTER

$2.5 million municipal complex that holds as many as 13,500 visitors.

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03 CAPITOL GOLD DOME

A 293- foot gold dome, built five-feet higher than the U.S. Capitol.

05 UNIVERSITY OF CHARLESTON

This private university has 2,500+ annually enrolled students.

06 WEST VIRGINIA STATE UNIVERSITY

This public university has 4,000+ annually enrolled students.

500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

DEMOGRAPHICS

POPULATION

1-Mile

3-Mile

5-Mile

2020 Estimate

9,145

37,464

71,664

9,800

41,104

77,522

HOUSEHOLDS

1-Mile

3-Mile

5-Mile

2020 Estimate

4,128

17,453

32,704

2010 Census

4,412

19,019

35,270

Average Income

$40,703

$63,008

$68,396

Median Income

$27,427

$38,363

$41,536

2010 Census

Charleston, WV Charleston’s vibrant culture shines through various downtown activites but you can still get a taste of ourdoor adventures. Charleston sits next to the Kanawha River. The Kanawha is navigable and is joined by the Elk River near the center of the city. Visit Kanawha State Forest, a short 7-mile drive, for hiking, mountain biking or cross-country skiing. Choose any one of the 14 hiking trails or 9 mountain biking trails winding through the 9,300-acre forest. Visit the J.Q. Dickinson Salt-Works, a 7th-generation salt-making family harvests all-natural salt from an ancient ocean below the Appalachian Mountains. Charleston is also just an hour’s drive from the New River Gorge, where you’ll find some of the best outdoor recreation West Virginia has to offer. Adventure by day, then return to the city in the evening for a delicious meal and live entertainment.

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500 PATRICK ST, CHARLESTON, WV 25387

BUILDERS FIRSTSOURCE

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 comparable 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.

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www.jamescapitaladvisors.com

@jamescapitaladvisors

BUILDERS FIRSTSOURCE

CONTACT INFORMATION CONTACT

KRISTEN HOLOWATY

Associate (424) 325-2658 kristen.holowaty@jamescapitaladvisors.com RE CA Lic. 01334284

tony anderson

Director (424) 325-2615 tony@jamescapitaladvisors.com CA RE Lic. 01936642 BROKER OF RECORD

Brian Brockman Bang Realty, Inc (513) 898-1551 brian@bangrealty.com WVB200300608

James Capital Advisors, Inc.

www.jamescapitaladvisors.com

@jamescapitaladvisors