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FREEPORT VILLAGE FREEPORT VILLAGE OUTLET CENTEROUTLET CENTER
FREEPORT, MAINE FREEPORT, MAINE
FREEPORT VILLAGE OUTLET FREEPORT VILLAGE OUTLET VIEW OF OVERALL PROJECTVIEW OF OVERALL PROJECT
FREEPORT VILLAGE STATIONFREEPORT VILLAGE STATION NEW CENTER DEVELOPED BY LL BEANNEW CENTER DEVELOPED BY LL BEAN LOCATED IN THE CENTER OF TOWN LOCATED IN THE CENTER OF TOWN ONE MAJOR LEVEL OF RETAIL WITH TWO LEVELS OF COVERED PARKING DECKONE MAJOR LEVEL OF RETAIL WITH TWO LEVELS OF COVERED PARKING DECK CENTER OPENED IN MAY 2009CENTER OPENED IN MAY 2009 FRONTS MAIN STREET,HAS THREE MAJOR ENTRIESFRONTS MAIN STREET,HAS THREE MAJOR ENTRIES PRIMARY TENANTS INCLUDE :PRIMARY TENANTS INCLUDE : BROOKS BROTHERS 9000 FT. 3.7BROOKS BROTHERS 9000 FT. 3.7 LL BEAN OUTLET 13,000 FT. 7.9LL BEAN OUTLET 13,000 FT. 7.9 NIKE 8164 FT 3.5NIKE 8164 FT 3.5 COACH 3860 4.8COACH 3860 4.8 VAN HEUSEN 4000 FT. 1.8VAN HEUSEN 4000 FT. 1.8 BASS 5994 FT 1.6BASS 5994 FT 1.6 IZOD 3012 FT. 750,000IZOD 3012 FT. 750,000 CALVIN KLEIN 6000 FT. 1.9CALVIN KLEIN 6000 FT. 1.9 FAMOUS FOOTWEAR 5587 FT. 2.4FAMOUS FOOTWEAR 5587 FT. 2.4 ADJACENT TO THE FOLLOWING RETAILERSADJACENT TO THE FOLLOWING RETAILERS POLOPOLO NINE WESTNINE WEST HARTMANNHARTMANN COLE HAANCOLE HAAN NAUTICANAUTICA
EXISTING STOREEXISTING STORE LEASE EXPIRES APRIL 30,2011LEASE EXPIRES APRIL 30,2011 SIZE: 963 SQUARE FEETSIZE: 963 SQUARE FEET PROJECTED 2010 SALES: $651,000PROJECTED 2010 SALES: $651,000 SALES PER SQ.FT. $676SALES PER SQ.FT. $676 CURRENT TOTAL YEARLY OCCUPANCY COSTS: $42,384 (6.5% CURRENT TOTAL YEARLY OCCUPANCY COSTS: $42,384 (6.5%
OF SALES)OF SALES) LONG STANDING RELATIONSHIP WITH LANDLORDLONG STANDING RELATIONSHIP WITH LANDLORD CONSISTANT SALES PERFORMANCECONSISTANT SALES PERFORMANCE COULD RENEW AT A SLIGHT INCREASE IN RENTCOULD RENEW AT A SLIGHT INCREASE IN RENT
CHALLENGE:CHALLENGE:
NO OPPORTUNITY TO EXPAND CURRENT LOCATIONNO OPPORTUNITY TO EXPAND CURRENT LOCATION LIMITED OPPORTUNITY TO INCREASE STORE PERFORMANCELIMITED OPPORTUNITY TO INCREASE STORE PERFORMANCE COSTLY TO CONVERT TO NEW MERCHANDISING CONCEPTCOSTLY TO CONVERT TO NEW MERCHANDISING CONCEPT
PHOTOS OF EXISTING STOREPHOTOS OF EXISTING STORE
L.O.D. OF STOREL.O.D. OF STORE
ALLEN EDMONDS PROPOSED ALLEN EDMONDS PROPOSED LOCATIONLOCATION
LANDLORD WORKLANDLORD WORK
LANDLORD TO DELIVER ALLEN LANDLORD TO DELIVER ALLEN EDMONDS WHITE BOXEDMONDS WHITE BOX
LANDLORD TO BUILD MEZZANINELANDLORD TO BUILD MEZZANINE LANDLORD TO CONTRIBUTE LANDLORD TO CONTRIBUTE
$30.00PSF ($33,390)TOWARDS TENANT $30.00PSF ($33,390)TOWARDS TENANT BUILDOUTBUILDOUT
FREEPORT VILLAGE FREEPORT VILLAGE STATION OUTLETSTATION OUTLET
SIZE: 1413 SQ.FT. (1113 SQ.FT. RETAIL SIZE: 1413 SQ.FT. (1113 SQ.FT. RETAIL WITH 300 SQ.FT.MEZZANINE)WITH 300 SQ.FT.MEZZANINE)
20FT FRONT BY 54’ DEEP20FT FRONT BY 54’ DEEP 10 YEAR TERM WITH K.O.END OF 10 YEAR TERM WITH K.O.END OF
YEAR 5 @ $625,000 LL @ $507,000YEAR 5 @ $625,000 LL @ $507,000 1(ONE) FIVE YEAR OPTION1(ONE) FIVE YEAR OPTION ESTIMATED TOTAL OCCUPANCY ESTIMATED TOTAL OCCUPANCY
YEAR ONE: $52.25PSF $58,154YEAR ONE: $52.25PSF $58,154
PROJECTED OCCUPANCY PROJECTED OCCUPANCY COSTS 10 YEARSCOSTS 10 YEARS
FREEPORT PERCENTAGE RENTFREEPORT PERCENTAGE RENT10 YEAR LEASE10 YEAR LEASE
PROJECTED OCCUPANCY PROJECTED OCCUPANCY COSTS LIFE OF LEASECOSTS LIFE OF LEASE
FREEPORT PERCENTAGE RENT FREEPORT PERCENTAGE RENT
LIFE OF LEASELIFE OF LEASE
Produced by A. Produced by A. McCulloughMcCullough
Directed by A. McCulloughDirected by A. McCulloughScreen-Play A. McCulloughScreen-Play A. McCullough
Starring A. McCulloughStarring A. McCulloughCopyright A. McCulloughCopyright A. McCulloughKey Grip A. McCulloughKey Grip A. McCulloughMake-up A. McCulloughMake-up A. McCullough
ALLEN EDMONDSALLEN EDMONDSSTORE LOCATIONSTORE LOCATION
101111_AllenEdmonds.lnk
FREEPORT PERCENTAGE RENTFREEPORT PERCENTAGE RENT10 YEAR LEASE10 YEAR LEASE
AE FREEPORT PERCENTAGE RENT 10 YEARS.lnk
FREEPORT VILLAGEFREEPORT VILLAGEPROJECTEDPROJECTED
OCCUPANCY COSTS 10 YEARSOCCUPANCY COSTS 10 YEARS
AE FREEPORT SPREADSHEET 10YRS..lnk
FREEPORT PERCENTAGE RENT FREEPORT PERCENTAGE RENT
LIFE OF LEASELIFE OF LEASE
AE FREEPORT LIFE OF LEASE PERCENTAGE RENT.lnk