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walmart neighborhood marketKANSAS CIT Y, MO
COMING SOON
• Long term corporate Lease• high traffic counts, outstanding demographics,
and strong avg. hh incomes5261 NE Antioch Rd, Kansas City, MO 64119
www.CapitalPacific.com
RENTABLE SF . . . . . . . . . . . 41,117 SFPRICE PER SF . . . . . . . . . . . $316.17CURRENT RENT . . . . . . . . $17.63/SFLAND AREA . . . . . . . . . . . 6.72 AC
PRICE: $13,000,000CAP: 5.55%
Listing Team Contact Info
Listed in conjunction with MO Licensed Broker:Adam S. Blue of Area Real Estate Advisors [email protected] | (816) 876-2511
INFILL LOCATION WITH OUTSTANDING DEMOGRAPHICS AND AVERAGE TRAFFIC COUNTS OF OVER 54,000 VEHICLES PER DAY
Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.
RICK [email protected] | (415) 274-2709CA BRE# 01792433
The subject property is a new build-to-suit Walmart Neighborhood Market located in infill Kansas City, MO. Within a 5-mile radius, there is a population of 129,000 people with an average household income of nearly $70,000. The subject property is located within the 44-acre newly redeveloped Antioch Crossing Shopping Center, which has had a successful operating history in Kansas City since 1956.
The Neighborhood Market, launched in 1998, is Walmart’s smaller grocery concept that provides a more convenient shopping experience for customers than the typical Walmart Supercenter. The Supercenters are about 160,000 square feet compared to the Neighborhood Market, which is typically 41,000 square feet and includes a drive-thru pharmacy.
investment highlights
This information 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.
John [email protected] | (415) 274-2715CA BRE# 01440360
WALMART NEIGHBORHOOD MARKET | 2
core characteristics
The combination of high average household incomes, a long lease term with a corporate guarantee, a proven retail location, the strongest retail tenant in the US, unsurpassed credit, and a large population within Kansas City, MO make this a very attractive long-term investment opportunity.
LEASE HIGHLIGHTS• 18 years remain on the original 20-year lease. • There are sixteen (16) five (5) year options with 5% increases every five (5) years.• Landlord is responsible for roof and structure. The roof has a 15-year warranty,
which expires 06/2029.
LOCATION HIGHLIGHTSThe subject property is located within the Antioch Crossing Shopping Center surrounded by several in-place national tenants as well as numerous planned outparcels.
The shopping center has outstanding visibility benefitting from over 54,000 vehicles per day from both North Antioch Road and US Route 69. Other tenants in the center include Burlington Coat Factory, PetSmart (Coming Soon), Goodyear Tire, Pepperjax Grill, Firehouse Subs, GNC, Vintage Stock, Five Guys Burgers & Fries, Bank of America, and Walgreens.
In February of 2017 the Community Apartments at Antioch Crossing were completed. The 96-unit complex features walkable access to the subject property, which will likely bring increased store sales.
129,000+ Residents with an average Household income exceeding $68K within a 5-mile radius
This information 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.
WALMART NEIGHBORHOOD MARKET | 3
aerial
29
29
29
35
35
1
1
1283 269
69
69
69
169
169
NE
Antio
ch R
oad
NE
Antio
ch R
oad
N O
ak T
raffi
cway
N O
ak T
raffi
cway
NE Vivion Road
NE Vivion Road
NE Englewood Road
NE Chouteau Trafficw
ay
Winnetonka High School
St. Pius X High School
St. Patrick School
Ravenwood Elementary
Topping Elementary
Eastgate Middle School
Antioch Middle School
Northgate Middle School
Saint Gabriel Catholic School
Golden Oaks Educational Center
Lakewood Elementary
Crestwood Elementary
Briarcliff Elementary
Davidson Elementary
Oakwood Manor
Elementary
Meadowbrook Elementary
Midwestern Baptist
Theological Seminary
Chouteau Crossings
ANTIOCH CROSSING
North Oak Village
Creekwood Commons
®
TIMBER RIDGE GOLF CLUB
CITY CENTER
HOUSING(129,724 RESIDENTS
WITHIN 5 MILES)
This information 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.
BENEFITTING FROM COMBINED TRAFFIC COUNTS IN EXCESS OF 54,000 VPD
39,5
32 D
AIL
Y
15,000 DAILY
WALMART NEIGHBORHOOD MARKET | 4
NE ANTIOCH RD
39,532 DAILY
HOUSING(129,724 RESIDENTS
WITHIN 5 MILES)
DOWNTOWN KANSAS CITY
(8 MILES, 18 MIN)
This information 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.
surrounding retail
COMING SOON
WALMART NEIGHBORHOOD MARKET | 5
LOCATED WITHIN NEWLY REDEVELOPED ANTIOCH CROSSING
SHOPPING CENTER
Surrounding Retail
WALMART NEIGHBORHOOD MARKET | 6
This information 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.
income & expense
PRICE $13,000,000 Price Per Square Foot: $316.17
Capitalization Rate: 5.55%
Building Size (SF): 41,117
Lot Size (SF): 6.27 AC
STABILIZED INCOME Per Square Foot Scheduled Rent $17.63 $725,000
Effective Gross Income $17.63 $725,000
LESS Per Square FootTaxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
EQUALS NET OPERATING INCOME $725,000
Landlord is responsible for roof and structure.
WALMART NEIGHBORHOOD MARKET | 7
This information 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.
rent roll
[ REPRESENTATIVE PHOTO ]
TENANT INFO LEASE TERMS Rent Summary
Tenant Name Sq. Ft. Base Term Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
Walmart Neighborhood Market 41,117 01/01/15 12/31/34 $60,417 $725,000 $1.47 $17.63
*Options: See note Below
Totals: 41,117 $60,417 $725,000 $1.47 $17.63*There are sixteen (16) five (5) year options with 5% increases every five (5) years.
WALMART NEIGHBORHOOD MARKET | 8
site plan
COMING SOON • NOT A PART
ANTIOCH CROSSING
NOT A PART
ENTRANCE FORBURLINGTON COAT FACTORY VINTAGE STOCK • NOT A PART
NOT A PART
SITE PLAN KEY
PARCEL OUTLINE:
LAND AREA: 6.27 AC
BUILDING AREA: 41,117 SF
INGRESS/EGRESS:
site plan
SITE PLAN KEY
This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.
NOT A PART
WALMART NEIGHBORHOOD MARKET | 9
~ COMING SOON ~
THE COMMUNITY APARTMENTS
96 UNITS
NOT A PART
ANTIOCH CROSSING
NE ANTIOCH ROAD1
NE VIVION
ROAD
CHOU
TEAU
TRA
FFIC
WAY
69
site plan SITE PLAN KEY
PARCEL OUTLINE:
LAND AREA: 6.27 AC
BUILDING AREA: 41,117 SF
INGRESS/EGRESS:
This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. WALMART NEIGHBORHOOD MARKET | 10
LONG-TERM CORPORATE LEASE
subject property
WALMART NEIGHBORHOOD MARKET | 11
About Walmart
2.3 MillionAPPROXIMATE NUMBER
OF EMPLOYEES
AAINVESTMENT GRADE CREDIT
STANDARD & POOR’S
11,000+
TOTAL LOCATIONS
ACROSS 27 COUNTRIES
#1RETAILER IN THE
WORLD
1STEMPLOYER IN THE WORLD
LARGEST
This information 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.
WALMART NEIGHBORHOOD MARKET | 12
ABOUT WALMART NEIGHBORHOOD MARKETWalmart Neighborhood Market is a chain of grocery stores launched by Walmart in 1998. There are over 645 Neighborhood Markets in the United States featuring a wide variety of products, including fresh produce, deli foods, fresh meat and dairy items, health and beauty aids, one-hour photo and traditional photo developing services, drive-through pharmacies, stationery and paper goods, pet supplies, and household chemicals. Walmart Neighborhood Markets were originally designed to create easier parking, less crowded aisles and quicker checkouts than Walmart Supercenters.
Walmart is the world’s biggest retailer and also the largest employer with over 2.3 million full- and part-time workers worldwide (more than 1.4 million just in the U.S.). It is a feared giant for its sheer size and pricing power. The company has $485.9 billion in total revenues and 11,695 stores under 72 banners in 28 countries. There are also ecommerce Websites in 11 countries. It is no wonder Walmart has become the undisputed king of retailing and is ranked #1 in Fortune 500 Companies.
TOTAL LOCATIONS 11,000 +
2016 FISCAL REVENUE $485.9 BILLION
GROSS PROFIT $120.6 BILLION
AAInvestment Grade Standard & Poor’s
www.walmart.com
tenant overview
wALMART STORES, INC. WAS RANKED #1 on the FORTUNE 500 list (2013 & 2014) AND #1 oN INTERBRAND’S MOST VALUABLE U.S. RETAIL BRANDS list
[ REPRESENTATIVE PHOTOs ]
This information 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 inaccura- WALMART NEIGHBORHOOD MARKET | 13
2017 HOUSEHOLD INCOMES
POPULATION
TOP EMPLOYERS IN KANSAS CITY, MO
demographics & map
KANSAS CITY
ST. LOUIS
3 HRS 50 MIN254 MILES
WALMART NEIGHBORHOOD MARKET LOCATION
REGIONAL MAP
This information 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.
1-Mile 3-Mile 5-Mile
2010 10,274 73,598 124,8712017 10,586 75,722 129,7242021 10,925 78,069 134,777
1-Mile 3-Mile 5-Mile
Average $63,066 $63,600 $68,296Median $51,299 $49,228 $52,868
U.S. Federal Government Cerner Corporation HCA-Midwest St. Luke’s Health SystemChildren’s Mercy Hospital
39,532 DA
ILY15,000 DAILY
WALMART NEIGHBORHOOD MARKET | 14
Kansas City, mo
Encompassing 319 square miles, Kansas City is the largest, most populous city in the state of Missouri and one of two county seats in Jackson County. It is also the predominant city in a MSA of roughly 2.1 million people spanning the Missouri-Kansas border.
Kansas City is home to the headquarters of dozens of national companies including American Century Investments, Applebee’s, Hallmark Cards, and H&R Block. It is home to one of the largest drug manufacturing plants in the U.S., Sanofi-Aventis, located in South Kansas City. The city is also one of ten regional office cities for the United States Government, making the U.S. Government the largest employer in the Kansas City metro area, with150 federal agencies, and more than 38,000 employees.
Kansas City has earned a reputation for being one of the best places to live in the nation. It offers an affordable cost of living, friendly atmosphere, low crime rate, renowned schools, active nightlife, and some of the most famous shopping centers and restaurants in the nation. Kansas City residents also participate in an active professional sports scene that includes the Kansas City Chiefs, Kansas City Royals, Sporting Kansas City, and the Missouri Mavericks. The city has been ranked among Bloomberg’s 2012 America’s 50 Best Cities, 58th on Forbe’s list of The 200 Best Places for Business and Careers, and third in a survey of American’s Favorite Places conducted by Travel + Leisure magazine.
Technology Hub: Kansas City recently launched its Smart City initiative with the collaboration of Cisco, Sprint, and Think Big Partners. The more than $15 million public-private partnership has made Kansas City’s Smart City Corridor a leading technology, innovation, and entrepreneurial community. The corridor follows the City’s two mile-long streetcar route featuring interactive kiosks, free public WiFi, smart streetlights, and sensors.
More than 100,000 college graduates enter the KC workforce each year: Many universities and colleges are located in the Kansas City MSA, including the University of Missouri–Kansas City, Rockhurst University, and Kansas City Art Institute.
LOCAL/REGIONAL DEVELOPMENTS:
This information 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.
WALMART NEIGHBORHOOD MARKET | 15
[ Copyright © 2017 Capital Pacific ]
CHRIS KOSTANECKI
CHRIS PETERS
DAVE LUCAS
ZANDY SMITH JACK NAVARRA
ZEB RIPPLE
JOHN ANDREINI
JOE CACCAMO
Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.RICK SANNER
[email protected] | (415) 274-2709 CA BRE# 01792433
Listed in conjunction with MO Licensed Broker:Adam S. Blue of Area Real Estate Advisors [email protected] | (816) 876-2511
JOHN [email protected] | (415) 274-2715CA BRE# 01440360
