INVESTMENT OFFERING HWY 2 & HWY 53 INTERCHANGE LKQ ...

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INVESTMENT OFFERING

LKQ BUILDINGS

HWY 2 & HWY 53 INTERCHANGE PONOKA, AB

Partnership. Performance.

? Opportunity to acquire four buildings situated on over 15 acres plus six acres of vacant industrial land with ideal highway exposure.

? The four buildings are leased to LKQ Canada Auto Parts Inc.

? LKQ is a NASDAQ listed company with a $9.258B market cap.

Corey Gay, Principal 780.429.7554 corey.gay@

Sam Dezman, Associate 780.408.6770 sam.dezman@

LKQ Buidings

Property Summary

Municipal Address: 430054 Range Rd 261, Ponoka, AB

Legal Description: Parcel 1:

Plan 152 1281; Block 3; Lot 6 Plan 152 1281; Block 3; Lot 7 Plan 152 1281; Block 3; Lot 8 Plan 152 1281; Block 3; Lot 9 Parcel 2: Plan 072 6901; Block2; Lot 4

Site Size: Parcel 1: 15.79 Parcel 2: 6.01 acres (vacant)

Property Footprint: Building A: 49,937 sf Building B: 8,171 sf Building C: 12,000 sf (unheated) Building D: 12,300 sf (unheated)

Site Coverage Ratio: 12.0% (based on the 15.79 acres of income producing real estate)

Property Taxes: $39,012 (2017)

Zoning: RC (Rural Commercial Industrial District)

Loading: 17 overhead doors 1 drive thru bay

Ceiling Height: 24" max in Building A

Access: Right off of Highway 2 & Highway 53 interchange

PONOKA, AB

The Opportunity

The opportunity offered is to acquire 100% freehold interest in a well located industrial property with prominent highway exposure just outside of Ponoka, AB. The site is divided into two parcels. On Parcel One sit four industrial buildings on a 15.79 acre site. Parcel Two is 6.01 acres of vacant industrial land.

Buildings A, B, C, and D are currently 100% leased to LKQ Canada Auto Parts Inc., an international tenant that is a leading supplier of aftermarket, recycled and reconditioned after-collision spare auto parts. The company is also a major national provider of mechanical spare parts on the rebuilt engines market. LKQ employs over 45,000 people across its operations in North America, Europe, and Taiwan. It trades on the NASDAQ as the ticker LKQ and has an estimated gross profit of over $3.8B for 2017.

LKQ has 4.25 years on the current lease term. They have a ten year option to renew at a higher rate with a fixed step at the five year mark.

LKQ Buildings

Investment Highlights

Parcel One and Two

NOI:

$556,254

Cap Rate: PRICE

7.13% $7,800,000

Process

The Vendor will consider Offers or Expressions of Interest as they are received. Each offer or Letters of Intent will be evaluated on: the value offered for the Property, the method of payment, the prospective purchaser's track record and ability to complete the transaction, as well as the proposed dates and conditions of closing.

PONOKA, AB

For more information, including access to the property's detailed Confidential Information Memorandum, please contact:

Corey Gay, Principal 780.429.7554 corey.gay@

Sam Dezman, Associate 780.408.6770 sam.dezman@

Avison Young Alberta Real Estate Inc. 10104 - 103 Avenue 2800 Bell Tower Edmonton, Alberta T5J 0H8

T 780.428.7850 F 780.424.5815



?2018 Avison Young Real Estate Alberta Inc. All rights reserved. The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract. Date of publication: May 17, 2018

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