Kay Jewelers - New Orleans MSA

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

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Retail Aerial

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Lease Summary

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Rent Schedule

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Retail Aerials

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Site Plan

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About the Brand

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Location Overview

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Developments

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CONTACT INFORMATION

richard brehaut Director (424) 325-2608

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KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

INVESTMENT SUMMARY Tenant Street Address City State Zip GLA Lot Size Year Built

KAY Jewelers 8115 W. Judge Perez Dr Chalmette LA 70043 2,400 SF

$1.4M 7.00% 7.00% $100,943 $100K $1,442,000 PURCHASE PRICE

CAP RATE

NET OPERATING INCOME

1.00 AC

Price / SF

$600.83

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.

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8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

RETAIL AERIAL

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8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

LEASE SUMMARY Lease Type

Type of Ownership Original Lease Term

Double-Net (NN) Fee Simple

Real Estate Taxes

Tenant Responsible

Insurance

Tenant Responsible

10 Years

Roof & Structure

Landlord Responsible

10/6/2017

Lease Guarantor

Corporate

Lease Expiration

12/31/2027

Company Name

Sterling Jewelers, Inc.

Term Remaining

7.5+ Years

Ownership

Commencement Date

Increases Options

10% Every 5 Years Two (2), 5-Year

Years in Business Number of Locations

Public 109 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.

St. Bernard Parish Hospital

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Across from Parc Place Apartment Homes - Parc Place Apartment Homes is a 97% leased, 174,240 SF apartment community that consists of 72 units.

8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

RENT SCHEDULE

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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%

8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

RETAIL AERIAL

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8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

RETAIL AERIAL

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8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

SITE PLAN

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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

1,500

REVENUE

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 jewelry, 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.

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BRANDS

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$6M 3K $6.2M REVENUE

3,556 LOCATIONS

8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY 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.

Mercedes-Benz Superdome - Capacity of 78,133

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Mardi Gras Over 1 million people flock to New Orleans annually for Mardi Gras. Mardi Gras generates over $1 billion in annual spending.

8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

Greater NEW ORLEANS OVERVIEW

Port NOLA is the sixth-largest cruise port in the United States.

Connects U.S. river traffic and global routes via the Mississippi River and Gulf of Mexico.

One of the largest container terminals along U.S. Gulf Coast.

Moved more containers in 2018 than at any time in its history, totaling 591,253 twenty-foot equivalent units, up to 12.3% compared to previous years.

Port is 1 in 4 cities in the United States that owns a railroad, greatly enhancing its competitive advantage.

Greater New Orleans Greater New Orleans regions consist of 10 parishes - each enjoying its own character, attractions, and strategic business advantages as well as provide a compelling platform to compete on a global scale.

Fourth Largest Port in the U.S. The Port of New Orleans is a modern Multimodal gateway for global trade and a thriving port for cruise passengers. Port Nola has access to 30+ major inland hubs 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.

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8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY 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

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8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

LOCATION OVERVIEW

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French Quarters

Mercedes-Benz Superdome

Aquarium of the Americas

The French Quarter is the oldest neighborhood in the city of New Orleans & a prime tourist destination in the city.

This domed sports and exhibition stadium located in the Central Business District of New Orleans has a capacity of 78,000+.

Aquarium of the Americas is consistently top ranked, voted as one of the top five in the country in the USA Today “10Best�.

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Jackson Square

National WWII Museum

Audubon Zoo

This timeless attraction sits in the heart of the French Quarter of New Orleans and is a fan favorite for locals and visitors.

This museum offers a compelling blend of sweeping narratives, poignant personal detail, immersive exhibits & experiences.

This popular exhibit & zoo run by the Audubon Nature Institute covers 58 acres and is home to 2,000 animals.

8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

DEMOGRAPHICS

POPULATION

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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

8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

KAY JEWELERS - CHALMETTE (NEW ORLEANS MSA), LA

DEVELOPMENTS

New Orleans International Airport After seven years of planning, the $1 billion, 35gate 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.

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8115 W. JUDGE PEREZ DR., CHALMETTE (NEW ORLEANS, MSA), LA 70043

JAMES 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 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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FOR INQUIRIES

PLEASE CONTACT richard brehaut

Brian Brockman

(424) 325-2608

(513) 898-1551

Director

richard@jamescapitaladvisors.com CA RE Lic. 01934760

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Broker of Record

brian@bangrealty.com LA RE Lic #: BROK.0995684990-ASA Bang Realty, Inc Cincinnati, OH CORP. Lic #: BROK.0995684693-CORP