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BIG 5 RETAIL CENTER152 N Main St • Tooele, UT 84074
Offering Memorandum
E X C L U S I V E L Y L I S T E D B Y
Matthew Porter
Senior Associate
Associate Member - National Retail Group
Salt Lake City Office
Tel: (801) 736-2638
Fax: (801) 736-2610
License: UT 7770209-SA00
Brett Jones
Associate
National Retail Group
Salt Lake City Office
Tel: (801) 736-2651
Fax: (801) 736-2610
License: UT 9761802-SA00
Tod Jones
Senior Associate
Associate Director - National Retail Group
Salt Lake City Office
Tel: (801) 736-2619
Fax: (801) 736-2610
License: UT 5450617-SA00
BIG 5 RETAIL CENTER
#
EXECUTIVE SUMMARY
OFFERING SUMMARY
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2016 Estimate Pop
14,588 68,950 136,270
2010 Census Pop 12,762 62,256 124,307
2016 Estimate HH 3,845 18,802 40,511
2010 Census HH 3,418 17,154 37,225
Median HH Income
$78,220 $71,087 $64,567
Per Capita Income $23,003 $22,165 $22,073
Average HH Income
$87,219 $80,501 $73,709
3
▪ Big 5 Just Renewed for 5 More Years
▪ Shadow-Anchored by Walgreens
▪ 100% Occupied, 82% by National Credit
Tenants with Corporate Guarantees
▪ All Leases are Triple Net (NNN)
▪ Excellent Visibility, over 175 Feet of
Frontage on Main Street
▪ Daily Traffic: Over 22,000 on Main
Street
▪ Nearby Tenants Include Arby's,
KeyBank, 7-Eleven, Little Caesars, and
Wells Fargo
INVESTMENT HIGHLIGHTSVITAL DATA
YEAR 1 YEAR 2
Price $2,745,000 CAP Rate 8.10% 8.10%
Down Payment 30% / $823,500Net Operating Income
$222,470 $222,470
Loan Amount $1,921,500Net Cash Flow After Debt Service
10.81% / $89,016 10.81% / $89,016
Loan Type Proposed New Total Return 15.69% / $129,212 15.94% / $131,226
Interest Rate / Amortization
4.90% / 25 Years
Gross Leasable Area 17,000 SF
Price/SF $161.47
Current Occupancy 100%
Year Built / Renovated 2009
Lot Size 1.22 acre(s)
MAJOR TENANTS
TENANT GLA LEASE EXPIRATION LEASE TYPE
Big 5 Sporting Goods 11,000 2/3/2024 NNN
SalonCentric (L'Oreal USA, Inc.) 3,000 9/18/2019 NNN
Green Burrito 3,000 6/30/2021 NNN
SITE DESCRIPTION
Property Big 5 Retail Center
Property Address 152 N Main Street Tooele, UT 84074
Assessors Parcel Number 02-032-0-0020
Zoning Commercial
Ownership Fee Simple
Parking 43 Free Surface Parking Stalls
TENANT SUMMARY
BIG 5 RETAIL CENTER
4
RENT ROLL
As of September,2018
% Annual Renewal Options
Square Bldg Lease Dates Rent per Total Rent Total Rent Changes Changes Lease and Option YearTenant Name Suite Feet Share Comm. Exp. Sq. Ft. Per Month Per Year on to Type Rental Information
Big 5 Sporting Goods 152 11,000 64.7% 2/4/09 2/3/24 $15.68 $14,369 $172,428 Feb-2024 $189,672.00 NNNThree, 5-Year Options
with 10% Increases
SalonCentric (L'Oreal USA,
Inc.)162 3,000 17.6% 9/26/14 9/18/19 $10.75 $2,687 $32,244 Sep-2019 $36,120.00 NNN
Three, 5-Year Options
with 12% Increases
Green Burrito 164 3,000 17.6% 4/1/16 6/30/21 $13.00 $3,250 $39,000 N/A N/A NNNOne, 5-Year Option with
3% Annual Increases
Total 17,000 $14.33 $20,306 $243,672
Occupied
Tenants: 3Occupied GLA: 100.00% Unoccupied Tenants: 0 Unoccupied GLA: 0.00%
0
5
10
15
20
0%
20%
40%
60%
80%
100%
Sep-2018 Sep-2019 Sep-2020 Sep-2021 Sep-2022 Sep-2023 Sep-2024 Sep-2025 Sep-2026 Sep-2027
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Num
ber o
f Te
nants
Perc
enta
ge o
f S
quare
Fo
ota
ge E
xpirin
g
Lease Expiration Summary
% of SQFT Expiring Cumulative % of SQFT Expiring Number of Commercial Leases/Tenants Expiring
BIG 5 RETAIL CENTER
#
OFFERING SUMMARY
The subject property is a 17,000 SF Multi-Tenant Retail Center located just 35 minutes South-West of Salt Lake City in Tooele, UT. The
current tenants include Big 5 Sporting Goods, SalonCentric Inc. (L'Oréal), and Green Burrito. The property is Shadow-Anchored by
Walgreens and is surrounded by many national retailers including Arby's, KeyBank, 7-Eleven, Little Caesars, and Wells Fargo Bank.
The property benefits from over 35,000 residents within 3-miles. It has over 175 feet of frontage on Main Street and shares an entrance
with Walgreens on a hard corner. The traffic count on Main Street is in excess of 22,000 vehicles per day.
INVESTMENT OVERVIEW
5
BIG 5 RETAIL CENTER
#
PROPERTY PHOTOS
6
RETAIL MAP
BIG 5 RETAIL CENTER
7
Walgreens
Ritz
Theaters
COURTHOUSE
22,110 AADT
Tooele High School
Harris Sterling R Elementary
School
LOCAL MAP
BIG 5 RETAIL CENTER
8
REGIONAL MAP
BIG 5 RETAIL CENTER
9
BIG 5 RETAIL CENTER
10
FINANCIAL
ANALYSIS
FINANCIAL ANALYSIS
BIG 5 RETAIL CENTER
PRICING DETAIL
11
Summary Operating Data
Price $2,745,000
Down Payment $823,500 30% Income Year 1 Year 2
Number of Suites 3 Scheduled Base Rental Income $243,672 $243,672
Price Per
SqFt $161.47 Total Reimbursement Income 25.8% $62,785 25.8% $62,785
Gross Leasable Area
(GLA)17,000 SF Other Income $0 $0
Lot Size 1.22 Acres Potential Gross Revenue $306,457 $306,457
Year Built/Renovated 2009 General Vacancy ($15,323) ($15,323)
Occupancy 100.00% Effective Gross Revenue $291,134 $291,134
Less: Operating Expenses 23.6% ($68,664) 23.6% ($68,664)
Net Operating Income $222,470 $222,470
Returns Year 1 Year 2 Tenant Improvements $0 $0
CAP Rate 8.10% 8.10% Leasing Commissions $0 $0
Cash-on-Cash 10.81% 10.81% Capital Expenditures $0 $0
Debt Coverage Ratio 1.67 1.67 Cash Flow $222,470 $222,470
Debt Service ($133,455) ($133,455)
Net Cash Flow After Debt Service 10.81% $89,016 10.81% $89,016
Financing 1st Loan Principal Reduction $40,196 $42,210
Loan Amount $1,921,500 Total Return 15.69% $129,212 15.94% $131,226
Loan Type New
Interest Rate 4.90% Operating Expenses Year 1 Year 2
Amortization 25 Years CAM $26,178 $26,178
Year Due 2023 Insurance $3,008 $3,008
Loan information is subject to change. Contact your Marcus and Millichap Capital Corporation representative. Real Estate Taxes $24,798 $24,798
Reserve – (2%) $5,880 $5,880
Total Expenses $68,664 $68,664
Expenses/Suite $22,888 $22,888
Expenses/SF $4.04 $4.04
FINANCIAL ANALYSIS
BIG 5 RETAIL CENTER
OPERATING STATEMENT
12
Income Year 1 Year 2 Per SF
Scheduled Base Rental Income 243,672 243,672 14.33
Expense Reimbursement Income
CAM 26,179 26,179 1.54
Insurance 3,008 3,008 0.18
Real Estate Taxes 24,798 24,798 1.46
Management Fees 8,800 8,800 0.52
Total Reimbursement Income $62,785 91.4% $62,785 91.4% $3.69
Potential Gross Revenue 306,457 306,457 18.03
General Vacancy -15,323 5.0% -15,323 5.0% -0.90
Effective Gross Revenue $291,134 $291,134 $17.13
Operating Expenses Year 1 Year 2 Per SF
Utilities 5,624 5,624 0.33
Fire Monitoring / Maintenance 1,358 1,358 0.08
HVAC Maintenance 975 975 0.06
Landscaping 3,640 3,640 0.21
Repairs & Maintenance 5,541 5,541 0.33
Snow Removal 4,425 4,425 0.26
Sweeping / Asphalt Maintenance 2,567 2,567 0.15
Window Cleaning 180 180 0.01
Admin Fee 1,869 1,869 0.11
Insurance 3,008 3,008 0.18
Real Estate Taxes 24,798 24,798 1.46
Management Fee 8,800 3.0% 8,800 3.0% 0.52
Reserve 5,880 2.0% 5,880 2.0% 0.35
Total Expenses $68,664 $68,664 $4.04
Expenses as % of EGR 23.6% 23.6%
Net Operating Income $222,470 $222,470 $13.09
TENANT SUMMARY
#
Fiscal Year Ended January 01, 2017
Big 5 Sporting Goods Corporation
CREDIT RATING: B2 www.fdreports.com | www.creditntell.com | April 02, 2017
Big 5 Sporting Goods has outgrown its name. The company, which started out with five
army surplus shops in California in 1955, is a leading sporting goods retailer with some
415 stores in a dozen mostly western states, including California, Washington, Utah, and
Arizona. The company sells brand-name (Adidas, Coleman, Easton) and private-label
equipment, apparel, and footwear for indoor and outdoor activities such as camping,
hunting, fishing, tennis, golf, and snowboarding. Big 5 has stuck with a neighborhood-
store format (averaging approximately 11,000 sq. ft.) instead of opening massive
superstores. Big 5 Sporting Goods is run by its chairman and CEO Steven Miller, the son
of company co-founder Robert Miller.
PRICING AND VALUATION MATRIX
PROPERTY NAMEBIG 5 RETAIL CENTER
PRICING AND VALUATION MATRIX
PROPERTY NAMEBIG 5 RETAIL CENTER
13
TENANT SUMMARY
General Information
Address2525 East El Segundo Blvd. , El Segundo, California, 90245, US
Phone 310-536-0611
Website www.big5sportinggoods.com
Store Base
Store Count 431TTM Sales $1,039,311,000
Key Personnel
Chief Executive Officer Steven G. MillerSenior Vice President & Chief Financial Officer
Barry D. Emerson
Financial Markets
Stock Ticker BGFV
Current Price $13.50 as of 6/7/17
52 Week High/Low $20.35 / $8.43
12
TENANT PROFILE
BIG 5 RETAIL CENTER
14
SalonCentric Inc. (L'Oreal USA Inc.)
General Information
Tenant Name SalonCentric Inc. (L'Oreal USA Inc.)
Website www.saloncentric.com
Parent Company L'Oreal USA Inc.
Headquartered St. Petersburg, Florida
Rentable Square Feet 3,000 SF
Percentage of RBA 17.65%
Lease Commencement 9/26/2014
Lease Expiration 9/18/2019
No. of Locations Over 565 Stores, 48 States
SalonCentric is the premier distributor of salon professional products. They are
committed to providing the best brands, the best education and the best business-
building support, transforming every salon into a destination of choice. They operate
over 565 stores across 48 states. They also provide educational opportunities
including in-store demonstration, in-salon trainings, regional classes and large scale
stage presentations at industry shows.
Green Burrito, Inc.
General Information
Tenant Name Green Burrito, Inc.
Rentable Square Feet 3,000 SF
Percentage of RBA 17.65%
Lease Commencement 4/1/2016
Lease Expiration 6/30/2021
Green Burrito is a local Mexican Restaurant serving the Northern Utah Community.
The tenant signed new lease in April of 2016. Tooele City has required the construction
and installation of certain additional improvements and utilities. These improvements
are nearing completion and Green Burrito will open for business this year.
ACQUISITION FINANCING
BIG 5 RETAIL CENTER
15
MARCUS & MILLICHAP CAPITAL CORPORATION
CAPABILITIES
MMCC—our fully integrated, dedicated financing arm—is committed to
providing superior capital market expertise, precisely managed execution, and
unparalleled access to capital sources providing the most competitive rates and
terms.
We leverage our prominent capital market relationships with commercial banks,
life insurance companies, CMBS, private and public debt/equity funds, Fannie
Mae, Freddie Mac and HUD to provide our clients with the greatest range of
financing options.
Our dedicated, knowledgeable experts understand the challenges of financing
and work tirelessly to resolve all potential issues to the benefit of our clients.
National platform
operating
within the firm’s
brokerage offices
$5.1 billion
total national
volume in 2016
Access to more
capital sources
than any other
firm in the
industry
Optimum financing solutions to
enhance value
Our ability to enhance buyer
pool by expanding finance
options
Our ability to enhance
seller control
• Through buyer
qualification support
• Our ability to manage buyers
finance expectations
• Ability to monitor and
manage buyer/lender progress,
insuring timely,
predictable closings
• By relying on a world class
set of debt/equity sources
and presenting a tightly
underwritten credit file
WHY MMCC?
Closed 1,651
debt and equity
financings
in 2016
BIG 5 RETAIL CENTER
16
MARKET
OVERVIEW
MARKET OVERVIEW
SALT LAKE CITYOVERVIEW
1
Centrally located among the major Western U.S. markets, Salt Lake
City is known as the Crossroads of the West. The metro consists of
three counties: Salt Lake, Tooele and Summit. It is situated in the Great
Salt Lake Valley in northern Utah. The region is hemmed in by the
Great Salt Lake to the northwest, the Wasatch Mountain Range to the
east and the Oquirrh Mountains to the west. The metro houses 1.2
million people. Salt Lake City is the largest city, with approximately
200,000 residents. The highest percentage of population growth
continues to occur in the suburban areas such as South and West
Jordan. The Salt Lake City, Provo-Orem and Ogden-Clearfield metros
together comprise the Wasatch Front.
MARKET OVERVIEW
METRO HIGHLIGHTS
EMPLOYMENT GROWTH
Skilled trade and educated workers, attractive
outdoor recreation opportunities and low overhead
costs lure employers to the region.
EXPANDING HOUSEHOLD INCOMES
The metro’s household income is consistently well
above the national median.
LARGE INSTITUTIONS
The Salt Lake City economy benefits from its status
as the capital of Utah and the headquarters of the
Church of Jesus Christ of Latter-day Saints.
BIG 5 RETAIL CENTER
MARKET OVERVIEW
ECONOMY▪ A stable base of government entities are located in the metro, while growing companies in
the private sector include technology leaders eBay and Oracle Corp.
▪ Various companies have located data centers in the metro, including Twitter Inc., Goldman
Sachs and the National Security Agency.
▪ Tourism will remain a top employment generator over the coming years. The metro is home
to several world-class ski resorts, including Brighton, Park City, Alta and Snowbird. The Salt
Palace Convention Center and the Energy Solutions Arena host conventions and trade
shows.
SHARE OF 2016 TOTAL EMPLOYMENT
MAJOR AREA EMPLOYERS
Intermountain Health Care
University of Utah
State of Utah
Delta Airlines Corp.
Zions Bancorporation
Novus Technologies
Cordant Technologies
Smith’s Food and Drug
Wells Fargo Bank
Salt Lake City Community College* Forecast
2
MANUFACTURING
8%GOVERNMENT
HEALTH SERVICES
EDUCATION AND
+OTHER SERVICES
3%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
20%
AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
3%INFORMATION
18%
5%
15% 8% 8%
12%
BIG 5 RETAIL CENTER
MARKET OVERVIEW
DEMOGRAPHICS
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
▪ The metro is expected to add nearly 70,000 people through 2021, resulting in the
formation of roughly 20,000 households.
▪ Median incomes above the national average allow 66 percent of households to afford
to own a home, compared with the national rate of 64 percent.
▪ Roughly 30 percent of people age 25 and older hold bachelor’s degrees; of those
residents, 10 percent also have obtained a graduate or professional degree.
The Wasatch Range provides a multitude of year-round recreational opportunities, including
ski resorts and more than a dozen national parks and monuments. Cultural venues include
Abravanel Hall, the Rose Wagner Performing Arts Center, Hale Centre Theatre and the Off
Broadway Theatre. Salt Lake City’s major educational institution is the University of Utah,
which also contains a medical school. The university is known for its technology transfer
program that moves state-of-the-art research into useful applications in the business world.
There are 10 other colleges and universities in the metro. In addition, two other major
educational institutions are located just outside of Salt Lake City: Brigham Young University
in Provo and Utah State University in Logan.
32
2016MEDIAN AGE:
U.S. Median:
37.7
$64,300
2016 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$54,500
1.2M
2016POPULATION:
Growth2016-2021*:
5.7%
392K
2016HOUSEHOLDS:
5.8%
Growth2016-2021*:
QUALITY OF LIFE
3
2016 Population by Age
0-4 YEARS
8%5-19 YEARS
23%20-24 YEARS
7%25-44 YEARS
31%45-64 YEARS
21%65+ YEARS
10%
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s
Analytics; U.S. Census Bureau
BIG 5 RETAIL CENTER
MARKET OVERVIEW
BIG 5 RETAIL CENTER
20
SALT LAKE CITY METRO AREA
Demographics Fuel Retail Demand, Rent Climb;
Investors Focus on Single-Tenant Market
Flurry of supermarket openings support vacancy compression. Salt Lake City will record a year of steady
vacancy improvement as vigorous population growth and an expanding local economy bolster retail
operations. Robust hiring activity from a diverse group of employers will create quality job opportunities,
helping attract residents to the metro and retain recent college graduates. Together with rising income levels,
these factors will culminate in another year of healthy retail sales growth. A number of supermarket chains
have taken the opportunity to aggressively expand in the wake of resounding demand. Smith’s Food and
Drug is set to open new stores in Saratoga Springs and Springville this year. The Utah-based grocer also
finalized a $10 million redevelopment of an existing store in West Jordan at the close of 2016. Other
significant supermarket completions slated for this year include new locations from Whole Foods and Lee’s
Marketplace in Park City and North Salt Lake, respectively. Despite these notable deliveries, the pace of
construction will wane this year. Healthy underlying tenant demand amid a development slowdown will place
downward pressure on vacancy. Constricting vacancy has sent rents soaring, with 2017 marking the third
year in a row of average annual rent growth in excess of 5 percent.
Positive sentiment and higher yields draw out-of-town buyers. The Salt Lake City investment market remains
well positioned entering 2017, riding a wave of accelerating deal flow and rising prices. These trends will likely
continue this year as strong market fundamentals illustrated by aggressive rent gains stoke buyer demand.
The single-tenant segment in particular is poised to lead growth as investors remain on the hunt for solid,
secure assets that still offer decent yields. Californian buyers aggressively pursue assets along the Wasatch
Front, seeking single-tenant cap rates that average between 50 and 150 basis points higher than their home
markets.
* Forecast
Sources: Marcus & Millichap Research Services; BLS; CoStar Group, Inc.
MARKET OVERVIEW
BIG 5 RETAIL CENTER
21
SALT LAKE CITY METRO AREA
2017 Market Forecast
Strong job creation and surging growth in asking rents edged Salt Lake City
up three spots to ninth place in this year’s NRI.
Following an employment gain of 39,700 positions last year, the workforce
will add another 41,000 jobs in 2017.
The pace of development will slow this year, though the delivery total is
expected to stay generally in line with the post-recession average. Builders
completed 830,000 square feet in 2016.
Following a vacancy increase of 40 basis points last year, the metrowide rate
will fall to 4.3 percent in 2017 on the back of 780,000 square feet of net
absorption.
The average asking rent for properties along the Wasatch Front will reach
$16.22 per square foot this year, building on a 10.4 percent gain registered
in 2016.
Investors target assets near Lehi, where a cluster of IT, software
development and hardware manufacturing firms sustain underlying retail
demand.* Forecast
Sources: Marcus & Millichap Research Services; CoStar Group, Inc.;
Real Capital Analytics
NRI Rank
9, up 3 places
Employment
up 3.4%
Construction
640,000 sq. ft.
Vacancy
down 20 bps
Rent
up 7.5%
Investment
MARKET OVERVIEW
PROPERTY NAME
MARKETING TEAM
BIG 5 RETAIL CENTER
DEMOGRAPHICS
Source: © 2016 Experian
Created on June 2017
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2021 Projection
Total Population 12,877 36,119 37,823
▪ 2016 Estimate
Total Population 12,150 33,076 34,518
▪ 2010 Census
Total Population 11,926 31,788 32,971
▪ 2000 Census
Total Population 10,918 22,782 23,718
▪ Current Daytime Population
2016 Estimate 13,835 26,962 28,784
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2021 Projection
Total Households 4,707 11,437 11,927
▪ 2016 Estimate
Total Households 4,412 10,487 10,902
Average (Mean) Household Size 2.74 3.12 3.13
▪ 2010 Census
Total Households 4,283 10,018 10,355
▪ 2000 Census
Total Households 3,885 7,569 7,838
▪ Occupied Units
2021 Projection 4,707 11,437 11,927
2016 Estimate 4,734 11,080 11,509
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2016 Estimate
$150,000 or More 1.95% 2.94% 3.14%
$100,000 - $149,000 8.60% 11.93% 12.35%
$75,000 - $99,999 13.28% 15.57% 15.66%
$50,000 - $74,999 22.55% 25.16% 25.10%
$35,000 - $49,999 16.19% 16.40% 16.45%
Under $35,000 37.14% 27.43% 26.72%
Average Household Income $54,544 $64,262 $65,295
Median Household Income $46,878 $55,223 $55,817
Per Capita Income $19,995 $20,463 $20,714
HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure
$66,109 $72,588 $73,080
▪ Consumer Expenditure Top 10 Categories
Housing $16,210 $17,045 $17,110
Transportation $10,990 $12,097 $12,210
Shelter $9,467 $9,817 $9,835
Food $6,265 $6,641 $6,675
Health Care $5,035 $5,515 $5,568
Personal Insurance and Pensions $4,825 $5,841 $5,925
Cash Contributions $3,756 $4,751 $4,811
Utilities $3,486 $3,730 $3,754
Entertainment $3,189 $3,781 $3,808
Household Furnishings and Equipment
$1,710 $1,902 $1,921
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population By Age
2016 Estimate Total Population 12,150 33,076 34,518
Under 20 31.86% 36.70% 36.63%
20 to 34 Years 22.55% 20.48% 20.32%
35 to 39 Years 7.23% 7.99% 7.90%
40 to 49 Years 11.30% 12.30% 12.38%
50 to 64 Years 14.63% 13.41% 13.72%
Age 65+ 12.42% 9.11% 9.04%
Median Age 32.25 30.52 30.63
▪ Population 25+ by Education Level
2016 Estimate Population Age 25+ 7,443 18,903 19,752
Elementary (0-8) 0.60% 0.50% 0.49%
Some High School (9-11) 7.61% 6.51% 6.36%
High School Graduate (12) 38.53% 34.65% 34.41%
Some College (13-15) 30.77% 30.91% 30.80%
Associate Degree Only 9.33% 10.32% 10.48%
Bachelors Degree Only 9.97% 13.14% 13.38%
Graduate Degree 2.77% 3.61% 3.75%
22
Income
In 2016, the median household income for your selected geography is
$46,878, compare this to the US average which is currently $54,505.
The median household income for your area has changed by 13.63%
since 2000. It is estimated that the median household income in your
area will be $56,534 five years from now, which represents a change
of 20.60% from the current year.
The current year per capita income in your area is $19,995, compare
this to the US average, which is $29,962. The current year average
household income in your area is $54,544, compare this to the US
average which is $78,425.
Population
In 2016, the population in your selected geography is 12,150. The
population has changed by 11.28% since 2000. It is estimated that the
population in your area will be 12,877.00 five years from now, which
represents a change of 5.98% from the current year. The current
population is 50.25% male and 49.75% female. The median age of the
population in your area is 32.25, compare this to the US average
which is 37.68. The population density in your area is 3,861.33 people
per square mile.
Households
There are currently 4,412 households in your selected geography. The
number of households has changed by 13.56% since 2000. It is
estimated that the number of households in your area will be 4,707
five years from now, which represents a change of 6.69% from the
current year. The average household size in your area is 2.74
persons.
Employment
In 2016, there are 3,350 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
50.37% of employees are employed in white-collar occupations in this
geography, and 49.43% are employed in blue-collar occupations. In
2016, unemployment in this area is 4.75%. In 2000, the average time
traveled to work was 30.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
86.54% White, 0.99% Black, 0.32% Native American and 0.65%
Asian/Pacific Islander. Compare these to US averages which are:
70.77% White, 12.80% Black, 0.19% Native American and 5.36%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 15.97% of the current year
population in your selected area. Compare this to the US average of
17.65%.
PROPERTY NAME
MARKETING TEAM
BIG 5 RETAIL CENTER
Housing
The median housing value in your area was $160,784 in 2016,
compare this to the US average of $187,181. In 2000, there were
2,892 owner occupied housing units in your area and there were 993
renter occupied housing units in your area. The median rent at the
time was $472.
Source: © 2016 Experian
DEMOGRAPHICS
23
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to
be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other
person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to
provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest
in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.
Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the
income or expenses for the subject property, the future projected financial performance of the property, the size and
square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or
asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or
the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its
occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from
sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the
information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and
makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap
is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights
reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in
this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation
with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any
agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing
tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
BIG 5 RETAIL CENTER
Tooele, UT
ACT ID Y0200246
www.MarcusMillichap.com
Matthew Porter
Senior Associate
Associate Member - National Retail Group
Salt Lake City Office
Tel: (801) 736-2638
Fax: (801) 736-2610
License: UT 7770209-SA00
Brett Jones
Associate
National Retail Group
Salt Lake City Office
Tel: (801) 736-2651
Fax: (801) 736-2610
License: UT 9761802-SA00
Tod Jones
Senior Associate
Associate Director - National Retail Group
Salt Lake City Office
Tel: (801) 736-2619
Fax: (801) 736-2610
License: UT 5450617-SA00
E X C L U S I V E L Y L I S T E D B Y
