Upload
trinhnhi
View
221
Download
1
Embed Size (px)
Citation preview
B R O C H U R E
1.
PAUL SLEETHINVESTMENT CONTACTSleeth Retail Investment TeamIdaho RE License: [email protected]
DAVID BLACK & CHRIS BELLBROKER OF RECORDNAI BlackLicense No. CO11961105 N. 1st Street, Suite 300, Coeur d’Alene, ID 83814509.623.1000
196 W IRONWOOD DRIVE | COEUR D’ALENE, IDAHO
B R O C H U R E
Single Tenant Absolute Net LeaseR E TA I L I N V E S T M E N T O P P O R T U N I T Y
B R O C H U R E
2.
HIGHLIGHTS
Corporate Backed Lease
Grocery/Drug Anchored Center
Jack in the Box is located within the Ironwood Square Shopping Center, anchored by Albertsons and Rite Aid, providing draw and stability to the location.
Excellent Location
Single Tenant Absolute Net Lease
Coeur d’Alene
Irownwood Jack in the Box has a captive and protected location near a major I-90 interchange with daily traffic in excess of 43,000 VPD.
Jack in the Box’s single tenant absolute NNN lease provides minimal Landlord responsibility.
The city of Coeur D’Alene has a steady and growing population base and economy with approximately 75,000 people and an unemployment rate of 4.1%.
The Dominant Necessity Based Center
Ironwood Jack in the Box is located in the heart of Coeur d’Alene serving the entire city and benefiting from regional draw with I-90 and Hwy 95 accessibility.
10% Contracted Rental Increase
New 10-year Renewal
10% contracted rental increase in year 5 provides future NOI growth.
Jack in the Box recently signed a 10-year lease renewal at this location.
Jack in the Box is a strong national credit tenant on a corporate backed lease, providing stability to the offering.
B R O C H U R E
3.
TERMS OF THE OFFERING
$1,955,000ASKING PRICE
5.0%CAP RATE
2,960 SFBUILDING AREA
1.0390 AcresLAND AREA
OFFER ING SUMMARY
Asking Price $1,955,000NOI $97,746Cap Rate 5.0%Financing Offered Free & ClearBuilding Area 2,960 SFLand Area 1.0390 Acres
Option Terms Option 1 | 9/28/2027 – 9/27/2032: $118,273 Annually ($39.96/SF)Option 2 | 9/27/2032 – 2/27/2037: $130,100 Annually ($43.95/SF)
LEASE SUMMARY
Tenancy Jack in the BoxLease Type Absolute Net LeaseLease Term Ten Years with Two Five-Year OptionsLease Expiration Date 9/27/2027
RENT SUMMARY
Current Rent $97,746 Annually ($33.02/SF)9/28/2022-9/27/2027 $107,521 Annually ($36.32/SF)
B R O C H U R E
4.
SITE AERIAL
IRONWOOD DRIVE
N GOVERNMENT W
AY
90
95
LINCOLN W
AY
B R O C H U R E
4.
5.
REGIONAL AERIAL
90
LINCOLN WAY
N GOVERNMENT WAY
95
IRONWOOD DRIVE
5 .
B R O C H U R E
B R O C H U R E
6.
SITE PLANLI
NC
OLN
WAY
(U
S 95
)
NO
RTH
GO
VER
MEN
T W
AY
I R O N W O O D D R I V E
Not A Part (NAP)
226-A3
226-
A2
226-
A1
224-
B2
224-
B1
212-
F
212-
E 212-
D
204-
F
204-
E
204-
D
204-
C
204-
A
202-
G 202-F
202-E
202-D
202-C
202-A
212-
C21
2-B
212-
A
206-
B
226-A4226-A5226-A6226-A7
226-A8
PAD-
A
PAD-C
220 208 206
Not a Part (NAP)
B R O C H U R E
7.
®
SUPER 1
FOODS
Silverlake Mall
Downtown Coeur d'Alene
Downtown Coeur d'Alene
RETAIL AERIAL
90
90
95
95
95
7.
B R O C H U R E
B R O C H U R E
8.
1 MILE
3 MILES
5 MILES
DEMOS
Population 1 mile 3 miles 5 miles
2000 Population 9,476 36,539 53,848
2010 Population 10,056 41,794 67,284
2016 Population 11,196 45,652 74,646
2021 Population 12,236 49,255 80,963
2000-2010 Annual Rate 0.60% 1.35% 2.25%
2010-2016 Annual Rate 1.73% 1.42% 1.68%
2016-2021 Annual Rate 1.79% 1.53% 1.64%
2016 Male Population 48.4% 49.0% 49.0%
2016 Female Population 51.6% 51.0% 51.0%
2016 Median Age 35.2 38.0 38.9
Median Household Income 1 mile 3 miles 5 miles
2016 Median Household Income $31,309 $39,624 $44,940
2021 Median Household Income $31,025 $44,159 $52,153
2016-2021 Annual Rate -0.18% 2.19% 3.02%
Average Household Income 1 mile 3 miles 5 miles
2016 Average Household Income $42,830 $57,329 $63,048
2021 Average Household Income $46,552 $63,126 $69,760
2016-2021 Annual Rate 1.68% 1.95% 2.04%
Per Capita Income 1 mile 3 miles 5 miles
2016 Per Capita Income $20,751 $24,803 $25,972
2021 Per Capita Income $22,363 $27,141 $28,570
2016-2021 Annual Rate 1.51% 1.82% 1.93%
95
B R O C H U R E
9.
196 W IRONWOOD DRIVE | COEUR D’ALENE, IDAHO
PAUL SLEETHINVESTMENT CONTACTSleeth Retail Investment TeamIdaho RE License: [email protected]
DAVID BLACK & CHRIS BELLBROKER OF RECORDNAI BlackLicense No. CO11961105 N. 1st Street, Suite 300, Coeur d’Alene, ID 83814509.623.1000