Download Brochure (PDF) - EXP Realty Advisors

W. Lincoln Ave. (ADT: 10,000 Cars)
Opened December 2010
EXCLUSIVE LISTING AGENT:
W. Burnham St. (ADT: 9,100 Cars)
Miller Park Way (ADT: 28,700 Cars)
Joe Caputo
212.686.0079
joe@exp1031.com
In association with RFP Commercial, Inc.
Wisconsin Broker of Record
Along Miller Park Way, Off Interstate-94 in Milwaukee, WI
Miller Park
2 Million Visitors in 2009
Downtown Milwaukee
Bridgestone Retail Operations, LLC
dba Firestone Complete Auto Care
Brand New, 15-Year, Corporate, NN Lease w/ 6.5% Rent Increases Every 5-Years
Bridgestone Retail Operations, LLC (Lessee) Operates 2,200+ Stores w/ 20,000+ Employees
Lessee is a Subsidiary of Bridgestone Corporation, the World’s Largest Tire Maker, S&P Rated: BBB+
6-Miles from Downtown Milwaukee | Population Over 474,000 within a 5-Mile Trade Area of Subject Property
Located at a Signalized Intersection Along Miller Parkway (ADT: 28,700 Cars), Off I-94 (ADT: 140,000 Cars)
Adjacent to Menards, Gordon Food Service Marketplace, Target, OfficeMax and Pick ‘n Save
Near Miller Park (Milwaukee Brewers Baseball Stadium) - 2 Million Visitors in 2009
Milwaukee: Largest City in the State of Wisconsin | MSA is Home to Over 1.2 Million Residents

TABLE OF CONTENTS
PAGE 1: COVER
PAGE 2: TABLE OF CONTENTS - DISCLAIMER
PAGE 3: INVESTMENT OVERVIEW - LEASE OVERVIEW - TENANT OVERVIEW
PAGE 4-5: PROGRESS PHOTOGRAPHS
PAGES 6-8: AERIAL PHOTOGRAPHS
PAGE 9: MARKET OVERVIEW
PAGE 10: LOCATION MAPS & DEMOGRAPHICS
CONFIDENTIAL MEMORANDUM & DISCLAIMER
Representative Photo
EXP Realty Advisors, Inc. (“Agent”) has been engaged as the exclusive agent for the sale of the building located at 2070 Miller Park Way in Milwaukee, Wisconsin, leased to Bridgestone Retail Operations dba
Firestone Complete Auto Care (the “Property”), by the owner of the Property (“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent make no representations
or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of
review by prospective purchasers of the interest described herein.
The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on
information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers,
employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to
be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability
whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision
made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein.
Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their
sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is
made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements
on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the
Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have
been satisfied or waived.
By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated
in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any
aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the
prior written authorization of Seller and Agent.
TABLE OF CONTENTS - DISCLAIMER | 2

PRICE: $2,662,000
CAP RATE: 8.00%
BUILDING AREA: 7,609+/- Square Feet
LAND AREA: 0.95+/- Acres
OCCUPANCY: 100% | Single Tenant
YEAR BUILT: 2010 | December Opening
OWNERSHIP: Fee Simple Interest
ADDRESS: 2070 Miller Park Way, W. Milwaukee, WI
LEASE OVERVIEW
Tenant: Bridgestone Retail Operations, LLC dba Firestone Complete Auto Care
Leasable Area: An approximately 7,609 SF building on approximately 41,584 SF of land
Initial Lease Term: Fifteen (15) years
Options to Renew: Four (4), five (5) year options
Start Date (Occupancy): December 2010
Lease Type: NN | Roof & structure is the landlord’s responsibility
Rent Increases: 6.5% every five (5) years
Year 1-5 Annual Rent: $212,915
Year 6-10 Annual Rent: $226,754
Year 11-15 Annual Rent: $241,493
Year 16-20 Annual Rent (Option 1): $257,190
Year 21-25 Annual Rent (Option 2): $273,907
Year 26-30 Annual Rent (Option 3): $291,712
Year 31-35 Annual Rent (Option 4): $310,673
BRIDGESTONE RETAIL OPERATIONS, LLC (“BSRO”)
World’s Largest Chain of Company Owned Auto Care Centers
2,200 Firestone Auto Care, Wheel Works, Tires Plus, Expert Tire - Operate Under BSRO
HQ in Bloomington, IL | Employees Nearly 22,000 People
Subsidiary of Bridgestone Corporation - S&P Rating: BBB+
Automotive service is the largest part of Bridgestone Retail Operations, LLC's business,
accounting for approximately 50 percent of sales with tire and financial services making up the
rest. Bridgestone Firestone North American Tire manufactures Bridgestone, Firestone, and
Dayton truck tires along with tires for virtually every wheeled vehicle made.
Harvey S. Firestone (1868-1938) founded The Firestone Tire & Rubber Company in Akron, Ohio,
in August 1900, and started marketing solid rubber tires for carriage wheels. Firestone joined the
retail store arena offering basic car service and tire sales in the mid-1920s when the original
Firestone Service Centers were opened. The 1940s saw the emergence of the Firestone Home &
Auto Store - a store concept of a one-stop retailer offering everything from automotive services
and tires to large household appliances, televisions, toys, bicycles, lawnmowers and even
outboard motors with the Firestone name brand affixed. The evolution of the retail stores
continued with the complete Tire & Service Center opening in the 1960s offering expanded
diagnostic under-car and under-hood service.
In the late 1970s the company, in an effort to re-focus its business solely on automotive service
and tire sales, began to phase out the sale of all non-auto related merchandise. Shortly
thereafter, in 1981, the Firestone MasterCare Car Service concept was introduced and
established as a premier brand of quality service being delivered to customers in a consistent
and distinctive manner. Bridgestone Corporation, founded in 1931 in Kurume, Japan, purchased
Firestone in 1988, transforming the company into the world's largest manufacturer of tires and
other rubber products. Bridgestone and Firestone operations in the Americas were consolidated
in 1990 as Bridgestone/Firestone, Inc.
Bridgestone/Firestone, Inc. initiated a series of changes to its corporate structure in December
2001, reorganizing its operations in the Americas under a holding company, Bridgestone
Americas Holding, Inc., and several operating subsidiaries. The largest of these operating
subsidiary companies is Bridgestone Retail Operations, LLC. In 2001 Bridgestone/Firestone also
announced its majority ownership stake in Morgan Tire & Auto, Inc. (MTA), then the nation's
second largest independent retailer of tires. Responsibility for MTA was shifted to Bridgestone
Retail Operations, LLC following the reorganization of Bridgestone/Firestone. Today, Bridgestone
Retail Operations, LLC and its subsidiaries employ approximately 22,000 teammates in North
America. Bridgestone Retail Operations, LLC consists of more than 2,200 company-owned
consumer and commercial stores in the United States as well as the company's own credit card
operations. The store channels include Firestone Complete Auto Care, Morgan Tire / Tires Plus,
Expert Tire, Commercial & Farm, and Mark Morris.
Today Bridgestone Retail Operations, LLC operates the largest number of company-owned fullline
automotive retail generalist stores in the world. The above information is from
www.bsro.com
INVESTMENT OVERVIEW - LEASE OVERVIEW - TENANT OVERVIEW | 3

SUBJECT PROPERTY
PROGRESS PHOTOGRAPHS | 4

SUBJECT PROPERTY
SUBJECT PROPERTY
PROGRESS PHOTOGRAPHS | 5

Miller Park
2 Million Visitors in 2009
W. Burnham St. (ADT: 9,100 Cars)
Coming
Soon
Downtown Milwaukee (6 Miles)
NORTH VIEW AERIAL | 6

Coming Soon
Miller Park Way (ADT: 28,700 Cars)
WEST VIEW AERIAL | 7

Lake Michigan
Coming Soon
Miller Park Way (ADT: 28,700 Cars)
EAST VIEW AERIAL | 8

IMMEDIATE TRADE AREA
The subject property sits along Miller Park Way (Traffic: 28,700 cars / day) between
West Lincoln Avenue (Traffic: 10,000 cars / day) and West Burnham Street (Traffic:
9,100 cars / day). It is located just south of the intersection of Miller Park Way and
Interstate 94 (Traffic: 140,000 cars / day). The property is located just 6 miles
southwest of downtown, in the 1.1 square mile village of West Milwaukee.
Bridgestone/Firestone is adjacent to Office Max, Gordon Food Service Marketplace
and Sonic Drive-In and across the street from Pick ‘n Save and Menards. Other
neighboring tenants include Target, Arby’s, Subway, McDonald’s, Family Dollar,
Starbucks and KFC. The area is also popular among manufacturing companies like
Wisconsin Steel Industries, Masterson Company, Rexnord, and Curtis Industries.
Miller Park, the Milwaukee Brewer’s 41,900 seat ballpark, is located just north of the
property. During the 2009 baseball season, over 2 million fans were in attendance for
Brewer’s home games. The Bradley Center is home to both the Milwaukee Bucks
(NBA) and Milwaukee Admirals (NHL) and is located 6 miles northeast of the property.
The arena hosts approximately 2 million attendees each year between sporting
events and concerts.
MILWAUKEE, WISCONSIN
Milwaukee, Wisconsin is located on the southwestern shore of Lake Michigan at the
confluence of the Menomonee, the Kinnickinnic, and the Milwaukee Rivers. It is the
largest city in the state of Wisconsin with a population of 602,782, making it the 26th
most populous city in the United States and 39th most populous region in the nation.
It is the county seat of Milwaukee County and has the 6 th highest per capita student
populations in the U.S. Milwaukee area universities and colleges include Marquette
University and the University of Wisconsin–Milwaukee.
Downtown Milwaukee
Miller Park
Milwaukee and its suburbs are the home to the headquarters of 13 Fortune 1000
companies, including Kohl's, Harley-Davidson, Rockwell Automation, Wisconsin Energy,
Briggs & Stratton, and GE Healthcare Diagnostic Imaging and Clinical. In 2009, five
Milwaukee-area companies were selected as leaders in their industries as Fortune
magazine recognized “The World’s Most-Admired Companies.” Two Milwaukee
companies ranked second in their field: Manpower Inc. in the temporary help industry
and Northwestern Mutual in life and health insurance.
Service and managerial jobs are the fastest-growing segments of the Milwaukee
economy. Health care alone makes up 27% the jobs in the city while manufacturing
makes up 22% of Milwaukee's workforce. The Miller Brewing Company remains a key
employer by employing over 2,200 of the city's workers. Because of Miller's solid
position as the second-largest beer-maker in the U.S., the city remains known as a beer
town despite now only representing a fraction of its economy.
Milwaukee is served by General Mitchell International Airport, the largest airport in
Wisconsin. Mitchell is served by 12 airlines, which offer roughly 240 daily departures
and 245 daily arrivals. Approximately 90 cities are served nonstop or direct from
Mitchell International. The airport terminal is open 24 hours a day. Milwaukee's
Amtrak station was renovated in 2007 to create the Milwaukee Intermodal Station near
downtown Milwaukee and the Third Ward. The renovated station is home to Amtrak,
Greyhound Lines, and Jefferson Lines intercity bus transportation.
Milwaukee is intersected by two of Wisconsin's Interstate highways, Interstate 94 and
Interstate 43. I-94 comes north from Chicago to enter Milwaukee and continues west
to Madison. I-43 enters Milwaukee from the southwest and continues north to Green
Bay. In 2010, the Milwaukee area was ranked the 4th best city for commuters by
Forbes .
MARKET OVERVIEW | 9

2010 DEMOGRAPHIC SNAPSHOT
Category 1 Mile 3 Miles 5 Miles
Population
Total Population 21,708 215,868 474,475
Male Population 50.2% 50.1% 49.1%
Female Population 49.8% 49.9% 50.9%
Median Age 34.9 34.2 35.5
Population Density (per sq. mi.) 6,889.5 7,612.2 6,023.4
Employees 13,342 105,379 334,605
Establishments
Income
708 6,806 20,621
Median HH Income $38,379 $35,797 $39,468
Per Capita Income $17,622 $18,500 $21,257
Average HH Income
Households
$45,640 $47,088 $52,522
Total Households 8,205 82,432 187,377
Average Household Size 2.6 2.6 2.5
Household Growth 2000 - 2010
Housing
-4.0% -2.8% -1.5%
Owner Occupied Housing Units 49.7% 45.1% 46.9%
Renter Occupied Housing Units 42.7% 45.4% 43.7%
Vacant Housing Units 7.6% 9.5% 9.4%
LOCATION MAPS – DEMOGRAPHICS | 10