248-770-9974 Email-Niazi.H
Total Page:16
File Type:pdf, Size:1020Kb
Harris K. Niazi Jaswinder Sidhu Commercial Real Estate Broker Commercial Real Estate Broker License: OR 201215742 License: WA # 138022 Direct phone – 248-770-9974 Direct phone – 843-453-2918 COMMERCIAL GROUP [email protected] Email - [email protected] CrossCross RoadsRoads atat 365,365, VictorvilleVictorville CACA CROSSROADSPROPERTY NAME AT 395 INDEX MARKET COMPERABLES TABLE OF CONTENTS INVESTMENT OVERVIEW 03 MAPS, AERIAL, & TRAFFIC 07 PHOTO TOUR 11 DEMOGRAPHICS AND MARKET 17 Non-Endorsements Keller Williams Commercial and/or the Broker Presenting analysis is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of the broker, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Keller Williams and/or the Broker presenting this analysis, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR AGENT FOR MORE DETAILS. Disclaimer THIS SHOULD NOT BE CONSIDERED AN APPRAISAL. All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Portland Central in compliance with all applicable fair housing and equal opportunity laws Copyright HST Group 2019 INVESTMENT OVERVIEW DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 1: INVESTMENT OVERVIEW CROSSROADSPROPERTY NAME AT 395 PRICING AND FINANCIALS Price: $2,150,000 Cap Rate: 5.61% Number of Suites 1 Gross Leasable Area (GLA) 2,516 SF Lot Size 0.71 Acres Year Renovated 2016 Occupancy 100.00% Rent to Sale Ratio < 6.85% *Based on Annual Sales of 2018 THE OFFERING RENT SCHEDULE Property Domino’s YEAR ANNUAL RENT MONTHLY RENT RENT/SF Property Address 14125 SE Mill Plain Blvd Vancouver, WA Yr 1 - Yr 5 $120,661 $10,055.08 $47.96 Price $2,150,000 Yr 6 - Yr 10 $132,727 $11,060.59 $52.75 Capitalization Rate 5.61% Option 1 (Yr11 - Yr15) $146,000 $12,166.65 $58.03 Price/SF $854 Sale Type Sale Leaseback Option 2 (Yr16 - Yr20) $160,600 $13,383.32 $63.83 Option 3 (Yr21 - Yr25) $176,660 $14,721.65 $70.21 PROPERTY DESCRIPTION Option 4 (Yr26 - Yr30) $194,326 $16,193.81 $77.24 Year Built / Renovated 1998 / 2016 Gross Leasable Area 2,516 SF Zoning C3 Type of Ownership Fee Simple Lot Size 0.71 Acres LEASE SUMMARY Property Subtype Net Leased Restaurant Tenant Domino’s Rent Increases 10% Every 5 Yrs Guarantor 7 Yrs Franchisee Personal Guarantee Lease Type Absolute Net Lease Commencement Brand New Lease Upon Sale Lease Expiration 10 Yrs from Lease Commencement Lease Term 10 Yrs Term Remaining on Lease (Years) 10 Yrs Renewal Options 4 - 5 Year Options with 10% Increase Landlord Responsibility None Tenant Responsibility Absolute Net 4 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 1: INVESTMENT OVERVIEW CROSSROADSPROPERTY NAME AT 395 PROPERTY OVERVIEW PricingMARKET and Financials COMPERABLES Property Description HST Commercial is pleased to present Domino’s Pizza property located in Portland- Vancouver market on SE Mill Plain Blvd Vancouver, WA. This is an absolute-net lease deal with zero Landlord responsibilities or expenses. This Sale-Leaseback opportunity offers a brand-new 10 year lease with 4-5 Year Options, and a 10% increase every 5 Years. This location is doing excellent sales that results in a low rent to sales ratio. This is a recently renovated property that reflects state of the art workmanship and eye for detail. The property lies on a convenient intersection to the south side of busy Mill Plain Blvd with easy access from three sides. The property is surrounded by dense residential areas as well as retail and other businesses. Main highways I-205 and I-5 are minutes away, giving an easy connection to Portland downtown as well as the airport apart from various locations of varied interests. Investment Highlights ➢ Absolute Net Lease with zero landlord responsibilities. ➢ Fantastic annual sales (Please Contact Agent For Details). ➢ New 10 Year Lease with 10% increase every 5 Years. ➢ 4 - 5 Year options with 10% rental increase in each option. ➢ The operator has almost 2 decades of experience with the franchise. ➢ Operator owns 23 Domino’s business units in Oregon and Washington. ➢ Excellent traffic count over 32,000 VPD. CLOSE PROXIMITY TO: ➢ Strategically positioned on the SE Mill Plain Blvd just off Interstate 205, and surrounded by numerous national retailers including Safeway, Chucks Produce, McDonald's, Walgreens and many more. 5 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 1: INVESTMENT OVERVIEW CROSSROADSPROPERTY NAME AT 395 DOMINO’S (DPZ) PROFILE PricingMARKET and Financials COMPERABLES Domino’s company profile Domino’s stocks(DPZ) have risen a phenomenal more than 2,000% since 2010. Domino’s is the second largest pizza restaurant chain in the world, with more than 15,300 locations in over 85 markets. It was founded in 1960, While they are known for convenient pizza delivery, a significant amount of sales also come from carryout. On average, it sells more than 1.5 million pizzas each day throughout their global system. Their business model involves handcrafted, quality food at a competitive price, with easy ordering access and efficient service which are aided by their technology innovations. Dough is generally made fresh and distributed to stores around the world by the company and its franchisees. They have historically returned cash to shareholders through dividend payments and share buybacks since becoming a publicly traded company. Patrick Doyle took over as CEO of Domino’s Pizza in 2010. On Doyle’s watch, the company executed on completely overhauling its pizza recipe and the rest of its menu; won over the digital generation with its online ordering system that works great and is actually a little bit of fun; and developed a cult following among its customers. Basically, the ultimate on-demand startup. It also made its shareholders lots and lots of money. Here’s a look at the stock price growth of Domino’s Pizza under Doyle compared with the FAANG stocks of the tech industry during that timeframe: Facebook, Amazon, Apple, Netflix and Google/Alphabet. 6 MAPS, AERIAL & TRAFFIC DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 2: MAPS, AERIALS & TRAFFIC CROSSROADSPROPERTY NAME AT 395 REGIONAL MAP CLARK COUNTY: Situated in the heart of the Pacific