Duchesne Chevron/Burger King 472 W Main, Duchesne UT 84021
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Duchesne Chevron/Burger King 472 W Main, Duchesne UT 84021 O F F E R I N G M E M O R A N D U M Duchesne Chevron/Burger King CONTENTS 01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 03 Financial Analysis Income & Expense Analysis 13 Multi-Year Cash Flow Assumptions 14 Cash Flow Analysis 15 Disposition Sensitivity Analysis 17 04 Demographics Demographics 19 Demographic Charts 21 Exclusively Marketed by: Trenton Bright Eric Gerardi Associate Broker Sales Agent (435) 820-6801 (385) 394-5552 [email protected] [email protected] Lic: 7961776-AB00 Lic: 10217079-SA00 We obtained the following 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 the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Duchesne Chevron/Burger King Disclaimer | 03 Confidentiality & Disclaimer All materials and information received or derived from KW South Valley Keller Williams 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 South Valley Keller Williams 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 South Valley Keller Williams 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 South Valley Keller Williams makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW South Valley Keller Williams 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 KW South Valley Keller Williams in compliance with all Copyright © 2021 CREOP, LLC. All Rights Reserved. applicable fair housing and equal opportunity laws. Duchesne Chevron/Burger KING King | Executive Summary CHEVRON/BURGER 01 Executive Summary Investment Summary Location Summary DUCHESNE ................................................ Duchesne Chevron/Burger King Investment Summary | 05 OFFERING SUMMARY The Eagles Nest Chevron/ Burger King ADDRESS 472 W Main Duchesne UT 84021 -Apex Commercial Real Estate | KW South Valley Keller COUNTY Duchesne Williams is pleased to present the sale of the Chevron/ BUILDING SF 6,300 SF Burger King comBo located at: 472 W. Main St, Duchesne, LAND SF 63,162 SF Utah 84021. YEAR BUILT 2016 APN 00-0000-5482 -This Chevron sitting on 0.94 acres is not only a Gas OWNERSHIP TYPE Fee Simple Station But also has a Burger King located right inside. As the first right-handed side gas station as you enter into FINANCIAL SUMMARY Duchesne. This facility is a great pit stop for graBBing any OFFERING PRICE $5,250,000 quick road-side essentials and fueling up Before heading PRICE PSF $873.02 Back out. For those staying the night and vacationing, there is a Best Western Hotel located directly Behind it. This adds DEMOGRAPHICS 1 MILE 3 MILE 5 MILE tremendous value as people cant miss the conveniently 2020 Population 1,454 2,052 2,377 located Gas Station right across the street. Duchesne High 2020 Median HH Income $56,955 $57,292 $57,551 School, home of the soaring Eagles is located directly 2020 Average HH Income $70,244 $70,728 $70,830 across the street towards the frontage of the Chevron which is prime for seniors graBBing some quick snacks and food during their lunch. -Opportunist love opportunity and with this particular investment you get another added Benefit. The lot directly east of this Chevron/ Burger King is included in the sale. This C1 zoned vacant lot is 0.51 acres and could serve as another great investment tool with many development opportunities. Duchesne Chevron/Burger King Location Summary | 06 Duchesne Chevron/Burger King Market Summary and Attractions| 07 Market Summary Recreation & Tourism -"Because much of this Decline is not causeD by unDerlying -Duchesne County has iDentifieD the recreation anD tourism inDustries funDamental economic problems, most market segments shoulD as part of its economy anD tax base. These inDustries have a stabilizing start to see meaningful relief in the first anD seconD quarter of effect on the economic cycles of agriculture anD the oil anD gas 2021. Destinations with appealing natural amenities such as inDustry. Public lanDs are a critical component of tourism anD recreation beaches anD mountains have alreaDy seen a high influx from in Northeastern Utah. pent-up DemanD this summer anD will likely holD steaDy through the fall. Drive-to locations are also experiencing increaseD -FeDeral, state, county, anD even private lanDs offer a broaD range of occupancy levels." recreational opportunities, incluDing camping, hiking, fishing, hunting, Source: https://www.hospitalitynet.org/opinion/4100921.html horseback riDing, biking, nature appreciation, interpretive trips, wilDlife watching, boating, anD other tourism-relateD activities. Public lanDs also -Duchesne County enjoys a strong economic base anD support businesses that offer such opportunities to the public, incluDing employment profile. However, recent reports show that a outfitters anD guiDes, whitewater rafting, outDoor camps, relatively small number of inDustries (especially the energy wilDerness/survival schools, anD DuDe ranches. inDustry) generate the majority of economic returns. In an effort to Decrease "single inDustry DepenDence", the County will -A variety of recreational opportunities anD experiences are available for continue to support the economic Diversification strategies of the resiDents anD visitors alike to enjoy in Duchesne County. The Uinta Duchesne County Chamber of Commerce. These efforts incluDe, Mountains have more than 1,000 natural lakes anD small streams, over but are not limiteD to, business retention anD expansion, value- half of which support populations of game fish. Many of the trailheaDs in aDDeD agriculture, tourism anD recreation. this beautiful backcountry are within a 90-minute Drive from Salt Lake City. -ToDay, extractive-use inDustries: livestock, timber, mining, anD oil; remain the backbone of the region's economy. The County -Starvation State Park on average has 110,000 to 140,000 visitors per continues to encourage anD support these inDustries in an effort year. From 2019 to 2020, the visitors to the State Park increase over to stabilize Drastic swings in the economy. The County has 25%, while the overall visitors to Utah's State Parks Increase over exploreD anD promoteD economic Development anD growth 17.5%. strategies that woulD Diversify the County's economic base while maintaining the County's current lifestyle anD character. Duchesne Chevron/Burger KING King | Property Description CHEVRON/BURGER 02 Property Description Property Features Aerial Map Parcel Map DUCHESNE Additional Maps Pictures with Captions ................................................ Duchesne Chevron/Burger