E-470 and Chambers Retail-Commercial Site

OFFERING MEMORANDUM E-470 And Chambers Retail-commercial Site

PARKER, CO

OFFERING MEMORANDUM

KW COMMERCIAL PRESENTED BY: 50 S. Steele Street, Ste. 700 MIKE MARTIN Denver, CO 80209 Director 0 303.722.3300 C 303.808.8951 [email protected] E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE | Offering Memorandum

www.kwcommercial.com 2 OFFERING MEMORANDUM Confidentiality & Disclaimer

PARKER, CO

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 any 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 Denver Central in compliance with all applicable fair housing and equal opportunity laws.

PRESENTED BY:

KW COMMERCIAL MIKE MARTIN 50 S. Steele Street, Director 0 303.722.3300 Ste. 700 C 303.808.8951 Denver, CO 80209 [email protected]

We obtained the 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 current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.Each KW Commercial Brokerage Business is Independently Owned and Operated

www.kwcommercial.com 3 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE | Executive Summary

PROPERTY OVERVIEW this 4.576-acre site is zoned PD-Planned Development as part of the Compark Village 5th Amendment, with a specific approval for Highway Commercial zoning by the Town of Parker

water tap fees for a 3 inch water and sewer tap and 1.5 inch irrigation tap with the Cottonwood Water and Sanitation District are included in the purchase price (fully paid by the seller)

the seller, the nation's premier developer of post-acute facilities, received site plan approval in 2016 for a skilled nursing facility for this site, but then withdrew the application and approval in May, 2017, instead choosing to focus on other southwest markets out of Colorado at this time. Although the skilled nursing facility-senior housing application has been withdrawn, any very similar use or design should be readily approved by the Town of Parker, based on discussions with town planning officials.

PROPERTY HIGHLIGHTS Sale Price: $3,000,000 attractive retail-commercial site in the northwest part of the Town of Parker Lot Size: 4.58 Acres the site has a 3-story avigation easement (Centennial Airport) granted with APN #: 2233-053-01-013 the project and the Town of Parker permit process

Highway Commercial (HC)-Parker as part of the Zoning: Compark Village 5th Amendment

Market: Metro Denver

southeast Suburban Metro Sub Market: Denver

Cross Streets: E-470 and S Chambers Road

Traffic Count: 32,121

www.kwcommercial.com 4 OFFERING MEMORANDUM 1 | PROPERTY INFORMATION PROPERTY INFORMATION

E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE PROPERTY INFORMATION 1

www.kwcommercial.com 5 OFFERING MEMORANDUM 2 | FINANCIAL ANALYSIS FINANCIAL ANALYSIS

E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE FINANCIAL ANALYSIS 2

FINANCIAL SUMMARY PROPERTY DESCRIPTION STREET PHOTOS ADDITIONAL AERIAL PHOTOS

www.kwcommercial.com 6 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 2 | FINANCIAL ANALYSIS Financial Summary

INVESTMENT OVERVIEW 8797 S CHAMBERS ROAD LAND

Price $3,000,000 Price per SF of Land Area $15.05 Price per Developable SNF unit (including paid water tap fees) $37,778

www.kwcommercial.com 7 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 2 | FINANCIAL ANALYSIS Property Description

PROPERTY DESCRIPTION this 4.576-acre site is zoned PD-Planned Development as part of the Compark Village 5th Amendment, with a specific approval for Highway Commercial zoning by the Town of Parker

water tap fees for a 3 inch water and sewer tap and 1.5 inch irrigation tap with the Cottonwood Water and Sanitation District are included in the purchase price (fully paid by the seller)

SITE DESCRIPTION 8-sided site with about 300 feet of frontage on the west side of Chambers Road

LOCATION northwest corner of E-470 and South Chambers Road, part of Compark VI project

directly east of main campus of Compark

ZONING Highway Commercial (HC)-Town of Parker, as part of the Compark project

www.kwcommercial.com 8 view westnorth across across site site from Chambers Rd

E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 2 | FINANCIAL ANALYSIS Street Photos

view west across site from Chambers Rd view southwest across site from Chambers Rd and view south across site Cottonwood intersection

view north across site Compark entry sign-Chambers and E-470

www.kwcommercial.com 9

Caption 5 Compark entry sign-Chambers and E-470 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 2 | FINANCIAL ANALYSIS Additional Aerial Photos

Compark overall plan aerial

drone view from east to west close up drone aerial view of subject site

www.kwcommercial.com 10

close up drone aerial view of subject site OFFERING MEMORANDUM 3 | LOCATION INFORMATION LOCATION INFORMATION

E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE LOCATION INFORMATION 3

REGIONAL MAP TOWN OF PARKER OVERVIEW PARKER ECONOMIC AND DEMOGRAPHIC OVERVIEW PARKER LABOR MARKET OVERVIEW LOCATION MAPS LOCATION MAP AND E-470/CHAMBERS AERIAL TRAFFIC COUNT MAP AND REPORT SITE PLAN AERIAL MAP

www.kwcommercial.com 11 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 3 | LOCATION INFORMATION Regional Map

8797 S Chambers Road

www.kwcommercial.com 12 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 3 | LOCATION INFORMATION Town Of Parker Overview

Parker, CO

Parker can trace its colorful recent history to the establishment of the Pine Grove Post Office by Alfred Butters around 1862. Prior to that time, the area was used for hunting by Indians, including the ancient (prehistoric) Indians, the Plains-Woodland Indians and later (circa 1800s) mostly Arapaho, Cheyenne and Ute Indians. James Sample Parker, an ex-bullwhacker and station manager who had been living in Kiowa, bought the 20-Mile House from Nelson Doud in 1874. Under Parker's ownership, the 20 Mile House (20 miles from downtown Denver at that time) grew and prospered. James Parker granted rights of way for future roads, ditches, telephone lines and eventually the Denver and New Orleans Railroad. The railroad provided the impetus, and by the turn of the century Parker boasted two hotels, the post office, three general mercantile stores, a saloon, a livery stable, two blacksmiths shops, the railroad station with section house, a water tower and warehouse, a brick works, a stockyard, a creamery and a bank that got robbed twice. In nearby Newlin Gulch, gold was found. Today, Parker's Main Street houses a couple of local restaurants and a handful of lodging facilities with tremendous new development now shifting to the E-470 and Parker Road interchange three miles north of downtown, including the Parker Adventist Hospital, several hotels, a large Lifetime Fitness, a Costco and a 154-bed skilled nursing facility Avantara. Other amenities include the Cherry Creek Trail and Reservoir nearby, group picnic sites, wildlife-watching platforms and facilities for special events. Horse trails and open space parks also dot the community.

www.kwcommercial.com 13 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 3 | LOCATION INFORMATION Parker Economic And Demographic Overview

Parker, CO

The Town of Parker was incorporated in 1981 and included the Rowley Downs subdivision, the downtown area and the Parker Square and Parker Plaza commercial areas. The incorporated area encompassed approximately one square mile and included 285 residents. Soon after incorporation in 1981, the Town adopted zoning and subdivision ordinances. The Town increased from one square mile at incorporation to 20.8 square miles currently. The Town's population has increased from less than 300 at incorporation to a 2010 census population of 45,297; the estimated population in 2015 was 51,064. Parker is now the 19th most populous municipality in the state of Colorado. Parker is a home rule municipality in Douglas County, Colorado, United States. As a self-declared "Town" under the Home Rule statutes, Parker is the second most populous town in the county; Castle Rock is the most populous. In recent years, Parker has become a commuter town at the southeastern-most corner of the Denver Metropolitan Area. Its northernmost border follows the Arapahoe County line, and the city of Aurora touches the town's northeast border. The center of Parker is 23 miles (37 km) southeast of downtown Denver. Castle Rock, the Douglas County seat, is 15 miles (24 km) to the southwest. Unincorporated communities that border Parker are Dove Valley to the northwest, Stonegate to the west, and The Pinery to the south. Cherry Creek flows through Parker on its way north toward Denver. Parker has witnessed tremendous growth. The Town is still a bedroom community so a great extent, but is attracting more and more businesses as well. Don Levy, the CEO and founder of Redbarre, announced August 11th the Redbarre will build a 1.9-million-square-foot creative campus on the west side of Chambers Road at E-470, which will employ up to 4,000 people. Redbarre will provide the facilities needed for full-scale film production for the first time ever in Colorado. Additionally, new hotels, retail and office space are planned as well as a high-speed datacenter.

www.kwcommercial.com 14 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 3 | LOCATION INFORMATION Parker Labor Market Overview

Parker, CO

Parker is located in Douglas County, which has one of the strongest labor markets in the metro Denver area at this time. The above figures portray the latest July, 2018 figures, which demonstrate a growth in the Douglas County labor force of 3.26% over the last year, while the unemployment rate rose slightly over the same time period. Major employers in Parker include the Centura Health Adventist Hospital with over 1500 employees, and the Town of Parker itself, with about 700 employees.

www.kwcommercial.com 15 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 3 | LOCATION INFORMATION Location Maps

www.kwcommercial.com 16 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 3 | LOCATION INFORMATION Location Map And E-470/Chambers Aerial

www.kwcommercial.com 17 TrafficE-470 Count AND CHAMBERS Report RETAIL-COMMERCIAL SITE 3 | LOCATION INFORMATION Lot 4 Traffic Count Map And Report E-470, Parker, CO 80134 Building Type: Land Class: - RBA: - Typical Floor: - Total Available: 0 SF % Leased: 0% Rent/SF/Yr: -

Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 Chambers Rd E Hwy 470 0.15 S 2015 8,555 MPSI .10 2 Chambers Rd E-470 0.15 S 2016 9,000 MPSI .10 3 Chambers Rd Longgate Ln 0.16 SE 2015 7,795 MPSI .47 4 Chambers Rd Aventerra Pkwy 0.16 SE 2016 8,849 MPSI .47 5 E470 E Hwy 470 0.01 E 2014 35,772 MPSI .64 6 E-470 E470 0.04 SE 2015 37,461 MPSI .64 7 E-470 N Jordan Rd 0.35 E 2016 44,000 MPSI .64 8 N Jordan Rd Bluegrass Cir 0.04 SE 2016 14,000 MPSI .66 9 S Jordan Rd Cottonwood Dr 0.06 S 2016 13,192 MPSI .73 10 E Hwy 470 Ramp Exit 0.62 W 2014 32,121 MPSI .76 www.kwcommercial.com 18 9/14/2017 Copyrighted report licensed to Keller Williams Integrity - 471620.

Page 1 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 3 | LOCATION INFORMATION Site Plan

www.kwcommercial.com 19 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 3 | LOCATION INFORMATION Aerial Map

www.kwcommercial.com 20 OFFERING MEMORANDUM 4 | DEMOGRAPHICS DEMOGRAPHICS

E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE DEMOGRAPHICS 4

DEMOGRAPHICS MAP SALE COMPS SALE COMPS SUMMARY SALE COMPS MAP

www.kwcommercial.com 21 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 4 | DEMOGRAPHICS Demographics Map

1 Mile 3 Miles 5 Miles Total Population 5,199 41,864 117,193 Population Density 1,655 1,481 1,492 Median Age 33.6 33.2 35.1 Median Age (Male) 32.2 32.8 34.6 Median Age (Female) 34.6 33.4 35.4 Total Households 2,109 15,760 42,581 # of Persons Per HH 2.5 2.7 2.8 Average HH Income $87,236 $97,029 $107,838 Average House Value $255,583 $299,874 $337,123

www.kwcommercial.com 22 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 4 | DEMOGRAPHICS Sale Comps

SUBJECT PROPERTY8797 S Chambers Road | Parker, CO 80134 1 CONVENIENCE STORE SITE SOUTHEAST CORNER OF CHAMBERS AND COTTONWOOD

Sale Price: $3,000,000 8650 S Chambers Road | Parker, CO 80134 Lot Size: 4.576 Acres Sale Price: $1,217,284 Lot Size: 2.43 Acres Price PSF: $15.05 Price PSF: $11.50 Price / AC: $655,594 Price / AC: $500,939 Closed: 12/01/2017

Compark Land Company sold two Convenience store sites to Nicks Investments----this was Tract A, Compark Filing 3, Amendment 2 of 2.43 acres Douglas County Assessor parcel #2233-053-02-002

2 CONVENCIENCE STORE SITE NORTHWEST CORNER OF CHAMBERS AND COMPARK BLVD. 3 PAD 8-CROWN POINT 8695 S Chambers Rd | Parker, CO 80134 18320 E Cottonwood Drive | Parker, CO 80138

Sale Price: $1,122,416 Sale Price: $4,650,000 Lot Size: 2.14 Acres Lot Size: 2.68 Acres Price PSF: $12.04 Price PSF: $39.83 Price / AC: $524,493 Price / AC: $1,735,074 Closed: 12/01/2017 Closed: 06/19/2017

Lot 9C-4, Compark Filing 2, 6th Amendment of 2.14 acres Douglas County Assessor parcel this level retail site in the Crown Point project has been developed with a retail strip center with #2233-061-03-025 sold from Compark Land Co. to Nicks Investments various local tenants

www.kwcommercial.com 23 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 4 | DEMOGRAPHICS Sale Comps

4 FORMER WALGREENS SITE 12824 Lynnfield Drive | Englewood, CO 80112

Sale Price: $890,000 Lot Size: 1.46 Acres Price PSF: $13.99 Price / AC: $609,589 Closed: 09/06/2016

East of the traffic signal at Peoria St on Lincoln Ave, the site is located in a community of young families • Other users in the area include Wells Fargo, Chase Bank, Carl’s Jr., 1st Bank & Goodyear

www.kwcommercial.com 24 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 4 | DEMOGRAPHICS Sale Comps Summary

SUBJECT PROPERTY PRICE LOT SIZE PRICE/AC

E-470 and Chambers retail-commercial site $3,000,000 4.58 AC $655,594 8797 S Chambers Road Parker, CO 80134

SALE COMPS PRICE LOT SIZE PRICE/AC convenience store site southeast corner of Chambers and Cottonwood 1 $1,217,284 2.43 AC $500,939 8650 S Chambers Road Parker, CO 80134 convencience store site northwest corner of Chambers and Compark 2 Blvd. $1,122,416 2.14 AC $524,493 8695 S Chambers Rd Parker, CO 80134 Pad 8-Crown Point 3 18320 E Cottonwood Drive $4,650,000 2.68 AC $1,735,074 Parker, CO 80138 former Walgreens site 4 12824 Lynnfield Drive $890,000 1.46 AC $609,589 Englewood, CO 80112 SALE COMPS PRICE LOT SIZE PRICE/AC TOTALS/AVERAGES $1,969,925 2.18 AC $903,635

www.kwcommercial.com 25 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 4 | DEMOGRAPHICS Sale Comps Map

SUBJECT PROPERTY 8797 S Chambers Road | Parker, CO 80134

CONVENIENCE STORE SITE SOUTHEAST CORNER CONVENCIENCE STORE SITE NORTHWEST PAD 8-CROWN POINT OF CHAMBERS AND COTTONWOOD CORNER OF CHAMBERS AND COMPARK BLVD. 8650 S Chambers Road 8695 S Chambers Rd 18320 E Cottonwood Drive Parker, CO 80134 Parker, CO 80134 Parker, CO 80138 1 2 3

FORMER WALGREENS SITE 12824 Lynnfield Drive Englewood, CO 80112 4

www.kwcommercial.com 26 OFFERING MEMORANDUM 5 | ADDITIONAL INFORMATION ADDITIONAL INFORMATION

E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE ADDITIONAL INFORMATION 5

ADVISOR BIO & CONTACT 1

www.kwcommercial.com 27 E-470 AND CHAMBERS RETAIL-COMMERCIAL SITE 5 | ADDITIONAL INFORMATION Advisor Bio & Contact 1

MIKE MARTIN Professional Background Director Mr. Martin has 10 years experience in commercial real estate brokerage and 34 years experience in commercial real estate consulting, valuation, and appraisal work. He has been involved with nearly all types of commercial and investment real estate during his career. Mike has completed over $60 million in total commercial real estate brokerage transactions including $36 million in senior housing transactions as well as numerous office and retail leasing assignments. Mr. Martin has designations related to commercial real estate valuation and business valuation. Mr. Martin lives in the Cherry Creek area of Denver with his wife and children and is involved in various non-profit organizations including the Boy Scouts, Disabled Veterans and The Cherry Creek North Business Improvement District.

Memberships & Affiliations DMCAR-Denver Metro Commercial Association of Realtors NAR Colorado Association of Realtors

50 S. Steele Street Appraisal Institute Ste. 700 CFA Institute Denver, CO 80209 NIC T 303.722.3300 C 303.808.8951 [email protected] Education University of Wisconsin, BA, 1983