Kum & Go #449 - Neosho, MO - CB Richard Ellis/Hubbell Commercial

Representative Photo
Exclusively Presented By:
Tyler Dingel, CCIM
T: 515-221-6662
Tyler.Dingel@cbre.com
CBRE/Hubbell Commercial
West Des Moines, IA
THE OFFERING:
SINGLE-TENANT INVESTMENT OPPORTUNITY
Kum & Go #449 - Neosho, MO
The CB Richard Ellis Net Leased Properties Group is pleased to offer for sale a 3,391 square foot freestanding retail
property on 45,308 square feet of land which is net leased to Kum & Go for twenty years. The property is offered at
a price of $2,300,000. Based on this price the cap rate is 7.75%.
INVESTMENT HIGHLIGHTS
HIGHLIGHTS:
Todd Millang, g, CCIM 15 year depreciation schedule
T: 515-221-6677
Todd.millang@cbre.com
CBRE/ Hubbell Commercial
West Des Moines, IA
Doug McFadden CCIM
T: 816-968-5829
doug.mcfadden@cbre.com
CBRE-Kansas City
Rachel Katz
T: 818-907-4675
Rachel.Katz@cbre.com
CB Richard Ellis, Inc.
•Up to $700,000 depreciation expense in 2009 to shelter passive income as part of American Recovery and
Reinvestment Act of 2009.
•Recession resistant business with record sales and profits in 2008.
•15 year depreciation schedule
Strong location with great visibility
Excellent credit tenant ranked 22nd largest convenience store operator in the nation
2009 marks Kum & Go’s 50th year of business
7.5% rent increases effective every 5 years
New building to be completed in July 2009
Corporate Guarantee and Corporate Environmental Indemnification
INVESTMENT SUMMARY:
Price: $2,300,000
Capp Rate: 7.75%
Size: 3,391 (Bldg) / 45,308 (Lot)
Lease Expiration: 20 year lease
Lease Structure: Absolute Net
Annual Rent: $178,250

TENANT HIGHLIGHTS:
Revenues: $2 billion
Rank: 22 nd largest convenience store in the nation
Rank: 306 th largest private company as ranked by Forbes.
THE TENANT:
www.kumandgo.com
Founded in 1959, Kum & Go is a regional operator of convenience store and gas
station operations headquartered in West Des Moines, IA. The company currently
operates 450 stores in 12 states (Arkansas, Colorado, Iowa, Minnesota, Montana,
Kum & Go #449 – Neosho, MO
THE PROPERTY:
Store Number: #449
Address: 2495 Kodiak Rd.,
Neosho, MO 68450
Building Size: 3,391 SF (Bldg)
Land Size: 1.04 (Acres)
Year Built: 2009
THE LEASE:
Lessee: Kum and Go, L.C.
Lease Type: Absolute Net
Landlord Responsibilities: None
Lease Commencement: 20 year lease to start date of
purchase
Lease Expiration: 20 years from date of purchase
Annual Rent: $178,250
Renewal Options: Four (4) five-year options
Rent Increases: 7.5% rent increases
effective every 5 years
Nebraska Nebraska, North Dakota Dakota, Oklahoma Oklahoma, South Dakota Dakota, Wisconsin and Wyoming) Landlord Responsibilities: None
and is the nation’s 22 nd largest convenience store operator. The company’s
market presence is primarily in the upper mid-west. Kum & Go has maintained 50
years of dedicated community commitment, each year returning 10 percent of its
profit to the communities it serves.
TToday, d KKum & GGo, LL.C. C currently tl employs l over 33,500 500 associates i t andd iis considered id d
a pioneer in the convenience store industry, built on the strong work ethic of its
founders. Recently, co-founder William Krause, was inducted into the Convenience
Store News Hall of Fame. The corporation includes over 450 convenience stores
and 7 other operating companies under the KG umbrella. In 1997, Convenience
Store Decisions gave Kum & Go the honor of being named the #1 Convenience
Store in the h UniteddStates. The h prestigious Des Moines Business Recordd Reader’s d
Poll voted Kum & Go, L.C. the second best place to work in central Iowa.
© 2009 CB Richard Ellis Group, Inc We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about
it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or
estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

AREA HIGHLIGHTS:
�The �The SW Missouri/NW Arkansas area has experienced a great deal of growth
during the past 5 years.
�Strong traffic counts on Hwy 71 from Joplin to Bentonville.
�Kum & Go will be the only C-Store between Joplin and Bentonville that offer
24/7 diesel service.
�Neosho - 10,505 people; Newton County - 52,636 people
THE LOCATION:
�Located in the heart of the Midwest, it is 15 miles south of Interstate 44 on
Highway i h 71 SSouth. h
�Neosho is approximately 170 miles for KC and 295 miles from St. Louis.
DEMOGRAPHICS (2008)
5 Mile 10 Mile 15 Mile
Population: 16,613 30,812 58,673
Average HH Income: $51,550 $49,117 $53,538
Projected Growth 2008– 2013: 0.76% 0.83% 0.92%
Kum & Go #449 – Neosho, MO
THE MARKET:
Neosho, the county seat of Newton County, is on the western edge of
the Missouri Ozarks. Located in the heart of f the Midwest, it is 15
miles south of Interstate 44 on Highway 71 South. Neosho is located
just south of Joplin, MO.
Joplin is located in southwest Missouri in the "four states" region
encompassing p g Oklahoma, Kansas, Missouri and Arkansas. At the
edge of the Ozark Mountain region, Joplin has a current population
of 49,024. The daytime population swells to 270,000 while the
population within a 40-mile radius of Joplin is 400,000, making it
Missouri’s fourth largest metropolitan area. Joplin combines the
beauty and hospitality of country living with the convenience and
commerce of city vitality.
© 2009 CB Richard Ellis Group, Inc We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about
it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or
estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

SITE PLAN:
Kum & Go #449 – Neosho, MO
© 2009 CB Richard Ellis Group, Inc We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about
it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or
estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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Transportation Map:
Kum & Go #449 – Neosho, MO
© 2009 CB Richard Ellis Group, Inc We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about
it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or
estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
�

LOCAL MAP:
�
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Kum & Go #449 – Neosho, MO
© 2009 CB Richard Ellis Group, Inc We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about
it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or
estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

REGIONAL MAP:
Kum & Go #449 – Neosho, MO
© 2009 CB Richard Ellis Group, Inc We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about
it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or
estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.