nnn starbucks & verizon for sale - loopnet · 2018-08-09 · 1337-1339 n westwood blvd //...

1337-1339 N WESTWOOD BLVD // POPLAR BLUFF, MO 63901

NNN STARBUCKS & VERIZON FOR SALE

SCOTT F. HARRELL & ASSOCIATES, INC. SCOTT HARRELL ZACHARY HARRELL, CCIMCommercial Real Estate Services Broker-Officer Associate901 St. Louis St, Suite 303, Springfield, MO 65806 417.832.0033 417.832.0033www.scottfharrell.com [email protected] [email protected]

SCOTT F. HARRELL & ASSOCIATES, INC.

OFFERING SUMMARYSale Price: $2,200,000

Cap Rate: 6.0%

NOI: $132,000

Lot Size: +/- 0.68 Acres

Year Built: 2018

Building Size: +/- 3,750 SF

Price / SF: $586.67

PROPERTY OVERVIEWTwo tenant freestanding retail center with Starbucks and Verizon Wireless located on PoplarBluff, MO's primary retail corridor N. Westwood Blvd. (+/-28,000 VPD). Property sits on an outlot at the Mansion Mall (Here Today, Dollar General, Hibbett, Factory Connection, Buffalo WildWings, Rue 21, Maurices, Petsway, Goodwill, etc.)

PROPERTY HIGHLIGHTS• New Construction (2018)

• High Visibility With Easy Access

• Quality Tenant Leases

• Starbucks Guaranteed Lease

• One of Verizon's Largest Authorized Dealer Relocation & Expansion

• N. Westwood Blvd. (Business 60 & 67) with 28,000+/- VPD

• Located in the Heart of Poplar Bluff's Retail Corridor

• Nearest Starbucks Located in Jonesboro, AR (+/-80 miles away)


EXECUTIVE SUMMARY



ADDITIONAL PHOTOS



LOCATION MAPS



RETAILER MAP


Starbucks has 10% rental increases every five (5) years including optionsStarbucks has a Right of Early Termination after year 5, subject to the terms and conditions in the leaseVerizon has 10% rental increases in each 5 year option period*AKA Wireless, Inc. d/b/a Victra

TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASESTART

LEASEEND

ANNUALRENT

% OFGLA

PRICEPER SF/YR

Starbucks 1337 2,000 03/01/2018 2/29/2028 $79,500 53.33 $39.75

Verizon Wireless* 1339 1,750 08/01/2018 07/31/2023 $52,500 46.67 $30.00

Totals/Averages 3,750 $132,000 $35.20


RENT ROLL


POPULATION 3 MILES 5 MILES 10 MILES

Total population 20,736 25,805 35,368

Median age 38.3 37.7 38.5

Median age (Male) 33.0 33.2 35.4

Median age (Female) 42.0 41.1 41.0

HOUSEHOLDS & INCOME 3 MILES 5 MILES 10 MILES

Total households 8,611 10,707 14,528

# of persons per HH 2.4 2.4 2.4

Average HH income $42,186 $40,606 $43,195

Average house value $50,686 $50,673 $56,731

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP


CITY INFORMATION

Trade Area Population: +/-170,000

County: 41,471

City: 17,096

Traffic Count (Westwood): +/-28,000 VPD

Nearest Starbucks: Jonesboro, AR (80 miles)

CITY HIGHLIGHTS• Designated Micropolitan area - "big city benefits"• Regional retail, medical & employment hub• 3 Hospitals, 495+/- beds, employing 1,800+/-• County seat (Butler)• Only 39% of retail sales come from those residing within city limits• National retailers in market; Walmart Supercenter, JC Penney, Office

Depot, Walgreen's, CVS, Hobby Lobby, Marshalls, Petco, Dunham'sSports, Ulta, Planet Fitness, Ross, Academy Sports, Menards, HomeDepot, Shoe Carnival, Walmart Neighborhood Market, Petsmart, FiveBelow, Dollar Tree, Harbor Freight, Big Lots, Aldi, AMC Theatre, DunkinDonuts, Panda Express, Buffalo Wild WIngs, etc.


CITY INFORMATION

By accepting this Confidential Offering Memorandum (“Offering Memorandum”) you agree to the following; 1) Scott F. Harrell

& Associates, Inc. (“SFH”) is the exclusive listing agent representing the Seller in the marketing of this Property for sale; 2) SFH is

providing this information solely for your consideration as a potential opportunity to purchase this commercial property; 3) that

all information contained herein or received from SFH relating to this Property is strictly confidential ; 4) that it is subject to the

above Disclaimer; 5) that you will not copy or reproduce all or any part of this Offering Memorandum or the information

contained herein; 6) that you will upon request by SFH return or represent and warrant the complete destruction of all copies

of the Offering Memorandum and any other information provided to you; 7) that you and all your affiliates, officers,

employees, agents, representative and principals hereby agree to indemnify and hold harmless SFH, its officers, employees,

agents, representatives and principals from any and all claims and liabilities arising from or related to receipt of or use of this

Offering Memorandum and or any other information relating to this Property; 8) that you will not provide this Offering

Memorandum or any other information received to any other party without first obtaining that party’s acceptance and

approvals of all terms, conditions, liabilities and agreements set forth herein and 9) that SFH shall be entitled to equitable relief,

including but not limited to, injunctive relief, monetary damages and specific performance in connection with such violations.

All materials and information received or derived from Scott F. Harrell & Associates, Inc. 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 Scott F. Harrell & Associates, Inc. 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. Scott F.

Harrell & Associates, Inc. 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. Scott F. Harrell & Associates, Inc. makes no warranties and/or representations regarding the veracity,

completeness, or relevance of any financial data or assumptions. Scott F. Harrell & Associates, Inc. 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 Scott F. Harrell & Associates, Inc. in compliance with all applicable fair housing and equal opportunity laws.


DISCLAIMER, CONFIDENTIALITY & RESTRICTED USE AGREEMENT


nnn starbucks & verizon for sale - loopnet · 2018-08-09 · 1337-1339 n westwood blvd //...

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