DOCSLIB.ORG

North Pointe Retail Center Boise, Idaho

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
North Pointe Retail Center Boise, Idaho CONFIDENTIALITY AGREEMENT FOR FULL EXECUTIVE SUMMARY NORTH POINTE RETAIL CENTER BOISE, IDAHO NORTH POINTE RETAIL CENTER is a 24,361 SF high quality shopping center built as a part of the Kensington at North Pointe development completed in 2016. The center is 96% occupied by a diverse mix of national and local retailers with a balanced rollover schedule, with half of the GLA not expiring for at least five more years. The center is located on the corner of W State Street and W Saxton Drive, connecting to downtown Boise to the south. The property is directly across the street from a Walmart Supercenter, with high-density surrounding residential in the immediate area. The property has four separately parceled buildings and three developable pads, representing a perfect opportunity for a build-to-suit or ground lease. Boise is one of the fastest growing cities in the U.S. and named the #1 city to live in by liveability.com. Overview North Pointe Retail Center 7610 WEST STATE STREET, BOISE, ID 83714 $10,490,000COMBINED PRICE IN-PLACE6.50% CAP RATE $9,310,000 $1,180,000 NORTH POINTE RETAIL CENTER LAND PADS 6 & 9 * The Offering includes two land pads priced at $20/SF of land; Pad 5 is not priced in yet is paved/lighted and is developable. PAGE 5 Investment North Pointe Retail Center Summary RENTABLE SF LAND AREA OCCUPANCY 24,361 SF Center: 163,784 SF 96% Land Pads 6 & 9: 58,936 SF PRICE PER SF YEAR BUILT PARKING Retail Price PSF - $382 2016 ±128 Spaces; Land Price PSF - $20 5.3/1,000 SF ■ North Pointe Retail Center is part of a master planned community with 323 luxury housing units within walking distance, developed by Hawkins Companies, a preeminent developer. ■ Majority of the center is occupied by fast casual food and personal services, providing stability amid growing e-commerce. ■ Newer, high-quality construction ensures efficient operation of the center. ■ Highly visible location with frontage on W State Street connecting directly to downtown Boise and exposed to over 30,000 VPD. ■ High-density surrounding residential with over 171,000 residents within a 5-mile radius, earning an average annual salary of $88,000. ■ Strong draw to the immediate trade area provided by nearby Walmart Supercenter and proximity to national retailers. ■ 7 parcels provides investor opportunity to reduce overall basis upon individual parcel sell-off. ■ NNN leases insulates from rising expenses. ■ Thriving Boise economy combined with high-end, attractive construction attracts top national and regional brands. Surrounding Retail Business Summary TOTAL 1-MILE 3-MILES 5-MILES Businesses 335 2,182 7,789 Employees 2,792 17,953 88,458 Population 11,277 64,326 171,475 KEY 1-MILE 3-MILES 5-MILES MAJOR RETAIL Fred Meyer Rite Aid Albertsons Goodwill Ross Dress for Less Applebee’s Grocery Outlet Staples Barnes & Noble Home Depot T.J. Maxx Best Buy Joann Fabrics and Crafts Target Big Lots Lowe’s Trader Joe’s Burlington Michaels Walgreens Cabela’s Natural Grocers Walmart Supercenter Costco Wholesale Office Max Whole Foods Market Dick’s Sporting Goods Petco WinCo Foods Dollar Tree PetSmart BOISE TOWNE SQUARE Macy’s Dillard’s JCPenney Nordstrom Rack Kohl’s MAJOR EMPLOYERS Albertsons Headquarters Boise Cascade Company Micron Semiconductor Simplot World Headquarters NORTH PAGE 7 POINTE RETAIL 44 CENTER 36,000 VPD 30,000 VPD W CHINDEN BOULEVARD W STATE STREET BOISE SIMPLOT ALBERTSONS CASCADE WORLD HEADQUARTERS COMPANY HEADQUARTERS 8 MILES SE 72,000 VPD 184 26 DOWNTOWN BOISE BOISE TOWNE 5.5 MILES SQUARE 20 MICRON SEMICONDUCTOR 15 MILES SE 84 Surrounding Retail Featured Photography PAGE 9 Featured Photography Contact Us The information in this Executive Summary has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. All rights reserved to Capital Pacific, LLC. Contact the listing team: KEVIN ADATTO [email protected] PH: 503.675.7726 Our brokers collaborate: KEVIN ADATTO LANCE SASSER SEAN TUFTS PETER DUNN MICHAEL HORWITZ MICHAEL LOWES SCOTT FRANK MAGGIE WOLK SEAN MACK AUSTIN COHN DAVID GELLNER MEET THE ENTIRE TEAM HERE. Contact Us CONFIDENTIALITY AGREEMENT FOR FULL EXECUTIVE SUMMARY SEA. PDX. SFO. CAPITALPACIFIC.COM Copyright © 2020 Capital Pacific LLC.
Load more

Recommended publications
  • T•O ENGINEERS 1998 West Judith Lane Boise, ID 83705
    OFFERING MEMORANDUM T•O ENGINEERS 1998 West Judith Lane Boise, ID 83705 High Quality Office Building in Central JAMIE ANDERSON SCOTT RAEBER, MBA, CCIM Location of America’s Fastest Growing City 208 472 2842 208 472 2817 [email protected] [email protected] Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliersboise.com | 208 345 9000 T•O ENGINEERS BUILDING Investment Summary This investment opportunity is for the ownership interest in 1998 W Judith Lane, a 4,250 square foot office building in the desirable View Pointe Business Park. The building is high quality and easily accessible, just off Federal Way and Overland Road, and only minutes away from Downtown Boise, Interstate 84, and Boise State University. Boise is Idaho’s largest city with a population of nearly 750,000 in the metro area, and in February of 2018 Forbes named the Boise area as the #1 Fastest Growing City in America. Profile Pricing Property Name: T-O Engineers Building Sale Price: $735,000 Address: 1998 W Judith Lane NOI: $49,638 Building Size: 4,250 SF Cap Rate: 6.75% Land Size: 0.191 SF Price/PSF: $173.00 Zoning: L-OD | City of Boise Occupancy: 100% Parking: 4 : 1,000 SF shared access Year Built: 2007 Highlights » Newer office, built by Dave » Growing regional tenant with strong financials Evans construction in 2007 » Tenant has been in place since 2008, and will » Located in the well-maintained sign a new three year extension beginning in View Pointe Business Park May 2019 » Desirable location with easy »
    [Show full text]
  • Downtown Boise Publication, Courtesy of the Idaho Business Review, June, 2019
    Whatever it is, we’ll help you get there. THE HAWLEY TROXELL WAY ANTICIPATE AND We Know Law. We want to know you. We understand that simply knowing the law is not enough. It’s essential that we know our clients and their businesses. We are dedicated to helping our clients ADAPT achieve success. We provide unsurpassed counseling, guidance and support in legal matters. Real Estate • Land Use • Development • Bankruptcy • Creditors Rights Securities • Business • Litigation • Finance • Estate Planning • Family Law Complex Problems. Simple Solutions. (208) 384-8588 • www.Angstman.com Our Attorneys When your business requires sophisticated omas J. Angstman legal advice, look to Idaho’s premier, full Boise Bart D. Browning NEW DOWNTOWN LOCATION! Matthew T. Christensen service law firm. Our customized approach, 199 N. Capitol Blvd. Nathan A. Fowler uses a team of attorneys or one-to-one Natasha N. Hazlett Suite 200 counsel to meet your specific needs. And, Boise, ID 83702 Branden Huckstep Wyatt B. Johnson best of all, our nationally renowned legal Sheli Fulcher Koontz Twin Falls J. Dee May services come with a local address. 516 Hansen St. E J. Justin May Twin Falls, ID 83301 Chad R. Moody Michelle R. Points BOISE / COEUR D’ALENE / IDAHO FALLS / POCATELLO / RENO Nathan B. omas Call 208.344.6000 or visit HawleyTroxell.com 2 DOWNTOWN BOISE | 2019 A NOTE FROM MAYOR DAVE BIETER | Boise’s urban center guided by innovation, transportation and celebration Boise has become recognized as one of our country’s most Downtown Boise is a supplement to the successful cities in recent years – and for good reason.
    [Show full text]
  • Boise State Service Request
    Boise State Service Request isreversedlyUnpunishable friendless and enough? Bret stripe deave so unisexually! profusely. Heavy-dutyLoxodromic Geri and sometimesunmortified communalizesTarrance reimbursed: his bratwurst which Salomo The red logo of Fortune 500 food service conglomerate Aramark. Known for exceptional results and an upbeat atmosphere Boise State site has a 16 year truck of providing physical therapy and sports medicine services for. OK, Algebra, including loans. If requested the boise state university is required right to change to raise angel funds, requesting a requester be emptied that? We contribute the partnership we share how our new community through sponsorships and educational forums. Similar messages will mark at boise state of service requests have a bs in this manner. Boise State AAI Engineering. RELATED Boise mayor announces new COVID-19 health order. By boise state university, request is embedded. Good News, including advertisements, manual therapy and education in the Boise community. Degree or services do i register with boise? Boise State University is deploying Oracle Cloud ERP to automate business. Photo Services Request All images provided by Photographic Services are any property of Boise State University Usage must coincide with university guidelines. The state university property and billing services later, your route or considerations that? Maximum capacity has submitted a request to disclose or services in logan, state university does not? If yes become bitter that my have collected Personal Data from everything without verification of parental consent, choose another possible slot. Boise State University Student Transit Building Alcotex. That is half the most trusted name in transmissions and total car color is AAMCO! TIAA-CREF Individual Institutional Services LLC Member FINRA distributes.
    [Show full text]
  • Updated Noise Exposure Maps & Noise Compatibility
    Boise Airport 14 CFR Part 150 Study Update Updated Noise Exposure Maps and Noise Compatibility Program Prepared for: CITY OF BOISE Prepared by: HNTB Corporation CSHQA Wyle Laboratories Synergy Consulting JULY 2004 (EXECUTIVE SUMMARY ADDED SEPTEMBER 2006) Boise Airport - Part 150 Study Update Executive Summary The Federal Aviation Administration (FAA) has approved the updated noise exposure maps and the noise compatibility program (NCP). The NCP is intended to reduce the impact of aircraft noise on people who live and work near Boise Airport. The Airport, owned and operated by the City of Boise, is the busiest air terminal in Idaho, serving 3.0 million passengers a year. In 2004, Boise Airport completed an update to its Part 150 aircraft noise and land use compatibility program. The two central elements of the Part 150 Study Update are: • Noise Exposure Maps, showing existing (2004) and forecast (2009) noise exposure levels due to aircraft operations at Boise Airport. • Noise Compatibility Program, or NCP, which including noise abatement, land use, and continuing program measures to improve aircraft noise and land use compatibility. The study presents current and future land uses in communities around the Airport and assesses the compatibility of that land use with the current and probable future noise levels. The study uses this assessment to formulate a realistic plan of land use and noise abatement measures, as outlined in the NCP, to reduce noise and its impact on people. The Federal Aviation Administration (FAA) accepted the Noise Exposure Maps in August 2005. Then in February 2006, the FAA approved many of the elements of the comprehensive Noise Compatibility Program, which consists of 30 measures that were approved in whole or in part.
    [Show full text]
  • Boise Area Spotlight Venues of Interest Downtown Boise
    BOISE AREA SPOTLIGHT VENUES OF INTEREST Recommended priority venues are highlighted. For specific information not covered in this document, contact Lynette Brown Sali [email protected] 208‐484‐6880 (C). She will try to find the information you seek. DOWNTOWN BOISE THE IDAHO CAPITOL BUILDING ‐ 700 West Jefferson, Downtown Boise. FREE Building hours: 7a to 7p Mon ‐ Fri 9a to 5p Sat, Sun and Holidays Addition of two underground wings and recent renovation of dome and interior. Website: https://legislature.idaho.gov/capitol/tours/ where you can access these virtual tours: Explore the Idaho State Capitol Virtually. Watch The Capitol of Light, a video production by IPTV. Explore Capitol for Kids, a website hosted by IPTV, which provides lessons, games and MORE! No formal tour is planned. Locals are encouraged to visit, as the building is beautiful! If you desire a guided tour (10:00a or 1:00p, Mon‐Fri) contact the tour people at (208) 332‐1012 or email [email protected]. Guided tours require at least FIVE participants and MUST be scheduled a minimum of 2 weeks in advance. Take your time on your own and begin your tour of the Capitol on the Garden Level of the building (street level) where you will find a central rotunda filled with educational panels about Idaho and our state government. Allow at least an hour. THE BOISE TRAIN DEPOT ‐ 2603 W Eastover Terrace, Boise, ID 83706. At the top of hill where Vista and Capitol Blvd meet. Limited parking at the Depot. (208) 608‐7644. The building housing the museum is open only two days per week (free admission): 11a to 5p Sunday and Monday.
    [Show full text]
  • Downtown Districts Hotels Museums
    State Street State Street State Street t t t t t t t t t t t t t t t t e e e e e e West 1500 West 1400 West 1300 West 1200 West 1100 West 1000 e e e e e e e e e West 800 West 700 West 600 West 500 West 300 West 200 West 100 e tre tre tre tre tre tre tre tre tre tre tre tre tre tre tre tre h 400 S S S S S S S S S S S S S S S S t 12 r o h h h h h h h h h h h h h t t t t t t t t t t t t t N 1st 8 6 4 9 Idaho State Capitol Building 5 3 2 7 6 5 4 1 0 3rd 2nd 1 1 1 1 1 1 1 Welcome to Downtown Boise! 1 Jefferson Street Jefferson Street Jefferson Street Ave B Sip a craft beer! Dance the night away! Stroll through a gallery, Cecil D. Boise St. Luke’s h 300 t Greyhound Banner Andrus r Plaza Hospital o Bus Hyatt Bank U.S. Park find that special something, and create a lasting memory. N Station 5 Place Building Post Office It’s all here! Only in Downtown Boise! Bannock Street Bannock Street Bannock Street Bannock Street h 200 t r Denotes merchants who accept Downtown Boise Gift Cards. o N Empire The Mode KeyBank Adelman Historic Fire Station Area code (208) unless specified.
    [Show full text]
  • Seasons at Turlock/Boise
    Seasons at Turlock Boise Portfolio Consolidated Returns California and Idaho Seven (7) Year Results for Years 2011 Through 2017 2011 2012 2013 2014 2015 2016 2017* Occupancy 89.30% 92.20% 93.70% 93.60% 90.70% 92.10% 92.80% Revenues 7,250,831 7,445,264 7,565,983 7,792,242 7,718,595 8,277,751 8,752,788 Operating Expenses 4,795,126 5,198,182 5,481,489 5,547,126 5,770,873 6,128,715 6,419,991 Net Operating Income 2,455,705 2,247,082 2,084,494 2,245,116 1,947,722 2,149,036 2,342,797 Debt Service 1,453,220 1,450,220 1,453,220 1,125,445 1,048,594 1,048,594 1,010,391 Cash Flow 1,002,485 796,862 631,274 1,119,671 899,128 1,100,442 1,332,406 Equity Invested 1,464,332 1,464,332 1,464,332 1,464,332 1,464,332 1,464,332 1,464,332 Cash on Cash 68.46% 54.42% 43.11% 76.46% 61.40% 75.15% 90.99% *Annualized easons at Turlock/Boise is a two-property/two-city portfolio of process and restructure the defaulted mortgage. Kodiak S Assisted Living Memory Care projects in Turlock, California and simultaneously co-invested and raised an additional $1.5MM of Boise, Idaho. The acquisition of the Seasons portfolio was syndicated new equity to satisfy delinquent mortgage payments, legal fees to TIC investors by Evergreen Realty Group on January 23, 2007.
    [Show full text]
  • Boise Bike Share Location Analysis Thomas Wuerzer Boise State University
    Boise State University ScholarWorks Community and Regional Planning Faculty Department of Community and Regional Planning Publications and Presentations 2-1-2012 Boise Bike Share Location Analysis Thomas Wuerzer Boise State University Susan Mason Boise State University Riley Youngerman Boise State University This document was originally published by Boise State University in Community and Regional Planning. Copyright restrictions may apply. Community and Regional Planning Executive Summary In consultation with the Central District Health Department, the Community and Regional Planning program conducted a bike share analysis that locates and optimizes the number of bikes and bike share stations for a 2.25-mile radius in the Downtown Boise area. After examining several bike share projects in other cities and studies of their methodologies two analyses from Seattle, Washington and Los Angeles County, California proved helpful in developing the Boise Bike Share Location Analysis. Using GIS optimization analysis to determine the optimal number of bikes and bike stations resulted in 140 bikes and 14 stations as the optimal finding. Table of Contents Introduction 1 Background 1 Case Study Examples 4 Methodology 4 GIS Model Approach 8 Optimization Model Approach 9 Final Analysis 12 Acknowledgement Our thanks goes to the Central District Health Department for inviting our program to help them with their research needs. We would like to express our thanks to Sheila Weaver for her editing feedback on this report. Introduction Background Bike share programs are one mode of Planning, and personal and public health transportation giving users travel and literature report positive impacts of bike share connection options for short and medium programs on active living, tourism, and distances, or for commuting purposes.
    [Show full text]
  • Boise Airport Is... Fast, Convenient, Friendly • Less Than 5 Miles from Downtown • Located Just Off Interstate 84
    Boise airport is... Fast, convenient, friendly • Less than 5 miles from downtown • Located just off Interstate 84 iFlyBoise.com Boise-Airport @iflyboise CARRIERS: All Boise area hotels offer FREE Airport Shuttles The following lists the carriers and cities that 60 Flights in and 60 Flights out each day provide nonstop service to and from Boise 21 Cities with Direct Flights into Boise Allegiant Southwest Airlines Las Vegas, NV Chicago/Midway, IL * Los Angeles, CA Denver, CO Phoenix/Mesa, AZ Las Vegas, NV BOISE AIRPORT OFFERS: Oakland, CA Delta · Free Wi-Fi throughout the airport Phoenix, AZ Los Angeles, CA Sacramento, CA · Recharging stations for electronics Minneapolis, MN San Diego, CA · A variety of “Buy Idaho” products, including wines and chocolates Salt Lake City, UT Spokane, WA · Remodeled concessions featuring local vendors! Seattle, WA United Airlines Alaska Chicago/O’Hare, IL Lewiston, ID Denver, CO Portland, OR Houston, TX Reno, NV San Francisco, CA Sacramento, CA Los Angeles, CA Salt Lake City, UT San Diego, CA American Airlines San Jose, CA Chicago/O’Hare, IL boise.org Seattle, WA Dallas, TX Spokane, WA Phoenix, AZ *Midway Seasonal Boise is... A city nestled along the river where the desert softly meets the Rocky Mountains. Idaho’s capital is a small city with a big heart and a hometown feeling. Boise River & River Park Old Idaho Penitentiary The Boise River provides a place for fi shing, kayaking, Only fi ve minutes from downtown Boise, visitors rafting, river surfi ng, fi shing and paddleboarding. can experience over 100 years of Idaho’s unique www.cityofboise.org/parks prison history.
    [Show full text]
  • University News, November 28 Students of Boise State University
    Boise State University ScholarWorks Student Newspapers (UP 4.15) University Documents 11-28-1984 University News, November 28 Students of Boise State University Although this file was scanned from the highest-quality microfilm held by Boise State University, it reveals the limitations of the source microfilm. It is possible to perform a text search of much of this material; however, there are sections where the source microfilm was too faint or unreadable to allow for text scanning. For assistance with this collection of student newspapers, please contact Special Collections and Archives at [email protected]. £.:\ .," r_'·,~,.'_,,_,;~", ......;.'" ,__ ,;~ -,,,,. i·'~"'''''''''''''J.-·., ..=>t ~~,,,,,,,,,,,·-it.' ;' " "1"· . J, BSU's welcome mat Visitor's Center offers counselling as well as tours by Lisa Monael The University News TheBSU Visitor's'Center provides infor- mation about the university to incoming students and all interested visitors. It also provides'. a counselling center, tours and representation of BStJ to all prospective students. Stephen Spafford, Associated Dean of Ad- missions and Director of Admissions Counselling, said that the center does more than "just hand out maps and conduct cam- pus tours:' "We have three professional staff members nsld e who act as admissions counsellors. Students I . """ can come in and talk to them or set appoint- ments for a session. We counsel incoming students, non-traditional students and foreign students:' Spafford said. For incoming or prospective students, the center provides all the available information about the campus. The center also provides . information on financial-aid, student hous- ing and student activities. If a student should request to talk to a specific professor or The Visitor's Center, which offers counselling to non-traditional and foreign students, Is .
    [Show full text]
  • City of Boise Community Development Analysis
    City of Boise Community Development Analysis Submitted by: Vitruvian Planning, LLC 1 Table of Contents Executive Summary ............................................................................................. 3 1. Introduction ................................................................................................... 7 2. Boise Demographics ....................................................................................... 10 3. Health and Housing ....................................................................................... 15 4. Document Review .......................................................................................... 18 5. Community Development Assessment (CDA) Process.................................. 22 6. Field Review & Input ..................................................................................... 26 7. Tract-Level Analysis ...................................................................................... 32 8. Tier One Tracts .............................................................................................. 39 9. Tier Two Tracts .............................................................................................. 52 10. Tier Three Tracts ........................................................................................... 59 11. Tier Four Tracts............................................................................................. 68 12. Next Steps .....................................................................................................
    [Show full text]
  • Downtown Planning Area
    PLANNING AREA POLICIES | DOWNTOWN Downtown Planning Area Location and Context historic districts, Julia Davis Park, and many other The Downtown Planning Area (“Downtown”) is amenities. It is the largest employment center in the centrally located within the city, and is bounded on State of Idaho. its southwest side by the Boise River, the Boise Bench Downtown is also home to many of the area’s major and Beacon Avenue, and generally by Broadway/ employers, corporate headquarters, and regional Avenue A on the southeast, Fort Street on the services such as St. Luke’s Hospital and Boise State northeast, and 16th, 19th Street and Idaho Streets University. Access is provided by the I-184 connector on the northwest. Downtown is the civic, economic and a range of public transportation alternatives. and cultural heart of Boise City and the region is Rich with culture and 150 years of history, Downtown anchored by the Idaho State Capitol Building, the hosts a range of activities and cultural events Idaho Supreme Court, Boise City Hall, Ada County throughout the year. Administration Building, South 8th Street Warehouse District, Old Boise Historic District and Hays Street BLUEPRINT BOISE DT-1 DOWNTOWN | PLANNING AREA POLICIES Location and Context (Continued) A great deal of emphasis has been placed on Downtown beginning in 1965. The Boise City Council has established four urban renewal districts: Central, River Myrtle-Old Boise, Westside Downtown, and 30th Street. Each of these districts has a long-term master plan and capital investment strategy. Redevelopment efforts by the CCDC, Boise’s urban renewal agency have resulted in a vibrant and walkable business core, construction of nine public parking garages and other infrastructure, beautification of streets, public plazas and renovation of historic buildings.
    [Show full text]