Rivers Landing Flyer July 2015.Indd
Total Page:16
File Type:pdf, Size:1020Kb
SSSIIINNNGGGLLLEEE TTTEEENNNAAANNNTTT SSSTTTAAAPPPLLLEEESSS CCCOOORRRPPPOOORRRAAATTTEEEBradenton LLLEEEAAASSSEEE 888000555999 WWWeeesssttt PPPrrreeeeeeccceee DDDrrriiivvveee ||| BBBoooiiissseee,,, IIIdddaaahhhooo For more information on the sale, please contact: Jeff Solomon Major League Properties Inc. (619) 813-6488-cell PO Box 1490 [email protected] Eagle, ID 83616 Licensed in California and Idaho BRE# 00836105 Idaho # DB43583 www.mlpre.com PROPERTY DETAILS INVESTMENT OFFERING Year built: 1998 Gross Square Feet: 24,500 NOI: $220,500 CAP Rate: 7.0% Lot Size: 1.8 acres Parking stalls: 87 Loading doors: 2 wells plus grade level Lease Type: NNN * Lease Expiration: 4/30/2022 Rental Rate: $9.00 per SF on an annual basis Next Rental Increase: $9.50 beginning 5/1/2021 Options: $11.86 1st option 5/1/2022-4/20/2027 2nd option 5/1/2027-4/30-2032 Offered at $3,150,000 (2nd option based on market rents of either 90% of the current market The subject property is a single tenant or 110% of the Base Rent per the terms in the lease.) NNN Staples, located in Boise Idaho’s major retail market. Surrounding national Landlord responsibilities: chains include Home Depot, Target, Old Repairs as to Roof, structure, parking lot & HVAC per the terms of the Navy, Dave’s Bridal and the Boise Town lease. Center Mall. Conveniently located off I-184 *Landlord has spent less than $1000 in total repairs over the last five between Milwaukee and Cole. Traffic counts years. are 22,716 per the ACHD. The immediate trade area incorporates 3.5 million square feet of retail with a low vacancy rate. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. PROPERTY PHOTOS INVESTMENT OFFERING The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. TENANT DETAILS INVESTMENT OFFERING Staples, a national chain of office supply stores was taken private by Sycamore Partners in 2017. After closing non-performing stores, they have made a commitment to the Boise location with a new four-year extension to the existing lease. They believe in the continued growth of the Boise area as it was recently named the fastest growing City in the U.S. by Forbes Magazine (March 2018). In addition, the U.S. Census Bureau announced that Idaho is the fastest growing state in the nation. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. PARCEL AERIAL INVESTMENT OFFERING The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. RETAIL AERIAL INVESTMENT OFFERING Franklin Towne Plaza SUBJECT The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. JOB NO. 101010 SCALE: AS NOTED START: 4/15/2015 DESIGN: KSH DRAWN: KSH CHECKED: KSH APPROVED: 30' REV BY GENERAL NOTES - FLORIDA 101010 - VISTA PALMS - LOT 15 727$/ $5($ $& 2. PARKING PROVIDED = 47 SPACES (INC. 2 HANDICAPPED ACCESSIBLE) NARCOOSSEE ROAD (SR 15) DESCRIPTION OF REVISION DEMOGRAPHICS INVESTMENT OFFERING Demographics Data CONCEPTUAL SITE PLAN 7077 ORLANDO,FLORIDA32822 NARCOOSSEE ROAD, 1 Mile 3 Miles 5 Miles Total Households 3,844 37,063 115,090 DATE Total Population 9,071 90,436 283,226 McDONALD'S 1 2 ORLANDO NO Population White 8,050 75,745 217,438 Population Black 208 2,410 11,879 Population Hispanic 4,433 44,797 148,057 PATIO Population Asian 203 954 4,005 Population Pacific Islander 0 70 257 Population American Indian 12 435 2,467 Population Other 485 9,307 41,302 Persons Per Household 2.4 2.4 2.5 RETAIL HOME DEPOT (2,935-SF) Average Household Income $64,845 $75,497 $66,589 LOT 15 (1,870-SF) RETAIL Average House Value $224,040 $209,189 $178,004 VISTA PALM Average Age 41.2 38.8 36.4 Average Age Male 39.6 36.9 34.6 Average Age Female 41.2 40.3 38 The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 47 SPACES (INC. 2 HC) ORLANDO, FLORIDA SULLIVAN PROPERTIES VISTA PALMS WAY civil i e 0 1964 Lake Baldwin Lane, Suite 200 2Orlando, Fl 32814 CA 28856 3P: 407.893.6894 | F: 407.893.6851 Web Site:meicivil.com 4 5 6 7 m 30 SHEET FLYLO L H CSP4 P BOISE PROFILE INVESTMENT OFFERING Boise is the capital and most populous city of Idaho and is the county seat of Ada County. The Boise-Nampa metropolitan area, also known as the Treasure Valley, includes five counties with a combined population of 664,422, the most populous metropolitan area in Idaho. It contains the state's three largest cities; Boise, Nampa, and Meridian. Boise is the third most populous metropolitan area and city in the United States' Pacific Northwest region, behind Seattle and Portland. Boise is also the center of the fourth largest urban area in the Pacific Northwest after Seattle, Portland, and Spokane. Today, the largest industry in Idaho is the science and technology sector. It accounts for over 25% of the state's total revenue and over 70% of the state's exports. Idaho's industrial economy is growing, with high-tech products leading the way. Though the economy remains diversified with its government and business sectors continuing to be strong influences. The city is home to Boise State University as well as a wide range of technical schools. University of Idaho and Idaho State University each maintain a satellite campus in Boise. Boise is also a regional hub for jazz and theater, with the Gene Harris Jazz Festival hosted by the city annually. The city is also home to a number of museums, including the Boise Art Museum, Idaho Historical Museum, the Basque Museum and Cultural Center and Idaho Black History Museum. Downtown Boise features a vibrant section known as the Basque Block representative of the second largest ethnic Basque community in the U.S. A new forecasting model developed by an Idaho Department of Labor regional economist with a math background suggests Idaho’s population will grow at three times the national rate between now and 2025 – and nearly all the new residents will be retirees moving to the state. The forecasting model predicts that Idaho’s population will grow 15.3 percent from 2015 to 2025, reaching 1.9 million. That’s an annual growth rate of 1.4 percent, nearly three times as high as the national growth rate. America's Fastest-Growing Cities 2018 (Boise #1) Forbes | March 2018 #1 Top Performing Economy (Idaho) Bloomberg | August 2017 #2 Best in the U.S. "Destinations You Need To See in 2018" Lonely Planet | March 2018 North America's Coolest Downtowns (Boise #4) Expedia | February 2018 Best Cities for Quality of Life (Boise #5) NerdWallet | October 2017 The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. JOB NO. 101010 SCALE: AS NOTED START: 4/15/2015 DESIGN: KSH DRAWN: KSH CHECKED: KSH APPROVED: 30' REV BY GENERAL NOTES - FLORIDA 101010 - VISTA PALMS - LOT 15 727$/ $5($ $& 2. PARKING PROVIDED = 47 SPACES (INC. 2 HANDICAPPED ACCESSIBLE) NARCOOSSEE ROAD (SR 15) DESCRIPTION OF REVISION BOISE PROFILE INVESTMENT OFFERING CONCEPTUAL SITE PLAN AAAttt aaa GGGlllaaannnccceee WWWhhhaaattt’’’sss ttthhheee VVViiibbbeee iiinnn BBBoooiiissseee??? 7077 ORLANDO,FLORIDA32822 NARCOOSSEE ROAD, PPPooopppuuulllaaatttiiiooonnn::: 222111666,,,222888222 (((aaannnddd cccooouuunnntttiiinnnggg))) Welcome to the singles savvy, family friendly, and culturally DATE blossoming city of Boise. Healthy lifestyles, a healthy economy Nearest Big City: You’re looking at it! Boise is both the capital of Idaho AND the biggest city in the region. Boise is home to more than McDONALD'S 1 and low cost of living are just a few of the reasons Boise has 2 ORLANDO earned its nickname, the Treasure Valley. We’re an active and 26 percent of the state’s population. Boise and surrounding areas NO outdoorsy city (No. 8 on the list of “Top 101 counties in the (referred to as the Treasure Valley) carry 39 percent of the state’s nation with the highest percentage of residents who exercise”), population (clocking in with more than 426,236 people —and a more and our No. 5 ranking on the list of “Top 101 counties with the diverse demographic than the remainder of the state). highest percentage of residents that had a sunburn in the past 12 That being said, the nearest metropolitan city, Salt Lake, is nearly 300 PATIO months” is a testament to our love for all things alfresco (really, miles away —followed closely by Portland (345 miles west of Boise) though, let’s amp up the sunblock, Boise). and Seattle (406 miles northwest). You may have to drive through Boiseans are also notoriously healthy inside AND out. Just ask our endless miles of high desert sagebrush to get there … but Boiseans therapist population of 565 in the Boise area. Idaho comes in at are more than used to the five hour trek. No. 12 on the list of “Happiest states in America” (which might And if you’re among the many Americans who think Idaho is all have something to do with our No. 3 ranking of “Top community, potatoes and no eggheads, think again. According to the U.S. Census environment, and recreational activities”), and No. 9 on the list Bureau, we hold our own with a 94 percent high school graduation of “Happiest work environments.” percentage—36 percent of which go on to earn a bachelor’s degree or So, what exactly does the 12th happiest state in the nation look higher (8 percent more than the national average.