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Offering Memorandum BENTONVILLE RETAIL CENTER + 10.38 ACRES 3 MILES FROM WALMART HOME OFFICE 29,300 SF + 10.38 Acres | Bentonville, Arkansas www.sagepartners.com Marshall Saviers President, Principal 479 845 3000 [email protected] Matt Imhoff Associate 479 845 3000 [email protected]

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Page 1: Offering Memorandum - images3.loopnet.comimages3.loopnet.com/d2/3OTWv704Qd7srKAMoHOa37Eh7ia-PLXNwgw… · Pepper, Vestcom, Exxon, Fedex, Tyson Foods, Revlon, PricewaterhouseCoopers

Offering Memorandum

BENTONVILLE RETAIL CENTER + 10.38 ACRES

3 MILES FROM WALMART HOME OFFICE29,300 SF + 10.38 Acres | Bentonville, Arkansas

www.sagepartners.com

Marshall SaviersPresident, Principal479 845 [email protected]

Matt ImhoffAssociate479 845 [email protected]

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www.sagepartners.comPROPERTY OVERVIEW

The OfferingLocated in the Fayetteville-Springdale-Rogers MSA in Benton County, the property consists of one NNN leased 29,300 SF retail center and 10.38 acres of land ready to be developed.

The properties can be purchased as a group, or individually.

TENANT TERm LEASE dATE TL Sq fT pRICE/Sq fT ANNuAL LEASE AmT

Burn Boot Camp 5 11/4/16 6,000 $18.00 $108,000

American Taekwondo Assoc.

5 1/1/2015 5,625 $14.42 $81,107

Chennai Cafe 5 11/22/2016 5,000 $21.75 $108,753

LaVida Massage 7.5 4/3/2015 3,256 $16.32 $53,137

Math Matters 5 3/2/2015 1,875 $15.36 $28,800

Gun and Grounds 3 11/1/16 1,200 $19.06 $22,870

Vacant 2,700

Vacant 1,875

Vacant 1,769

Total: 29,300 $402,667

Rent Roll

1.51± Acres$15.00/SF

1.84± Acres$15.00/SF

2.91± Acres$8.00/SF

1.90± Acres$8.00/SF

2.22± Acres$8.00/SF

2 3

4 5 61

TOTAL PURCHASE PRICE $9,380,000

1 RETAIL CENTER PRICEADDRESSCAP RATE NET OPERATING INCOMELEASE TYPE

$4,740,000103 SW WINSTED LN.8.5%$402,667NNN

2 LAND PRICELAND SIZE

$986,6341.51 ACRES

3 LAND PRICELAND SIZE

$1,202,2561.84 ACRES

4 LAND PRICELAND SIZE

$1,014,0772.91 ACRES

5 LAND PRICELAND SIZE

$662,1121.90 ACRES

6 LAND PRICELAND SIZE

$773,6262.22 ACRES

TOTAL LAND PRICETOTAL LAND SIZE

$4,640,00010.38 acres

FINANCIALS Upon request

* RETAIL CENTER CAN BE PURCHASED SEPERATELY FROM LAND

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www.sagepartners.comPROPERTY OVERVIEW

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www.sagepartners.comTENANT PROFILES

AMERICAN TAEKWONDO ASSOCIATION

Square Feet: 5,625Original Lease: 1/15 - 20Website: www.ataonline.com

The American Taekwondo Association is the world’s largest organization dedicated to teaching martial arts to the entire family. The organization was founded in 1969 by Eternal Grand Master Lee in Omaha, Nebraska. There are over 950 independently owned and operated licensed facilities around the globe. Songahm form, created by the Eternal Grand Master is meant to be a fully-integrated curriculum, in which everything a student learns reinforces everything else. When learning, students not only focus on the physical aspect of Taekwondo but also on discipline, honor, self-control, respect, courtesy and perseverance. Three of the main benefits an individual will gain from Taekwondo practice are self-defense, self-confidence and fitness.

BURN BOOT CAMP

Square Feet: 6,000Original Lease: 11/16 - 11/21Website: www.burnbootcamp.com

Burn Boot Camp is more than just a gym. They aim to inspire, empower and transform. Founded in Huntersville, North Carolina by Devan and Morgan Kline, their business grew rapidly and officially became a nationally accepted fitness franchise in February 2015.They believe to obtain ultimate happiness five major areas of one’s life must be addressed: positive mindset, whole food nutrition, hypertrophic strength training, burst training and an inspirational environment. Burn Boot Camp is one of the fastest growing lifestyle movements in the world.

MATH MATTERS

Square Feet: 1,875Original Lease: 3/15 - 3/20Website: www.mathnasium.com

Mathnasium is a math-only learning center that teaches kids math in a way that makes sense to them. Using “The Mathnasium Method”, invented by founder Larry Martinek, specially trained instructors have a unique assessment process to design a customized learning plan to address each student’s needs. They use a unique combination of mental, verbal, visual, tactile, and written techniques in their education strategy. Mathnasium’s proprietary curriculum focuses on helping kids build their number sense so they truly understand math. As evidence of how effective it is, Mathnasium centers have sprung up across North America, South America, Europe and Asia.

LAVIDA MASSAGE

Square Feet: 3,256Original Lease: 4/15 - 10/22Website: www.lavidamassage.com

LaVida Massage is a unique Wellness Center dedicated to providing affordable, convenient and highly customized therapeutic massage and skincare services. Founded in 2007 in Brighton, Michigan, the company committed to offering in-demand services to allow individuals to pursue a healthy, pain-free and well-balanced life. The rising demand for massage and wellness services has transformed massage therapy into a lucrative multi-billion dollar industry - growing steadily every day. With massage now recognized for real and proven benefits, the number of adults receiving massage therapy has more than tripled in the last decade. LaVida prides itself on their customizable treatment, convenient locations and extended hours. The variety of massage and skincare services LaVida offers aid individuals in maintaining a well-rounded health regimen.

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www.sagepartners.comAREA OVERVIEW

Arkansas Music Pavilian

Pinnacle Hills Promenade

Hunt Tower

Crystal Bridges Museum of American Art

FAYETTEVILLE/BENTONVILLE MSA IS NAMED NO. 3 BEST PLACE TO LIVE

U.S. News & World Report named the 2016 Best Places to Live in the United States. The new list ranks the country’s 100 largest metropolitan areas based on affordability, job prospects and quality of life. Denver, Colorado, is named the No. 1 place to live on the inaugural list, followed by Austin, Texas, at No. 2. Fayetteville, Arkansas, and Raleigh-Durham, North Carolina, take the No. 3 and No. 4 spots, respectively.

NO. 1 MOST AFFORDABLE PLACE TO LIVE IN 2016

Fayetteville/Bentonville MSA topped U.S. News and World Report’s list of the 20 Best Affordable Places to Live in the U.S. for 2016. The study looked at cities’ rankings on U.S. News’ list of the best places to live, as well as population, median home price, annual salary and percent of income spent on living expenses for their rankings.

BEST PLACES FOR BUSINESS AND CAREERS

Forbes ranked Northwest Arkansas at No. 24 in its list of Best Places for Business and Careers in 2016. Criteria included labor supply, quality of life, college attainment, crime statistics, local college quality, and cultural and recreational opportunities. In the ranking, Northwest Arkansas was ahead of larger metropolitan areas, including San Jose, Orlando, Nashville and Minneapolis/St.Paul. Ranked No. 11 in job growth, Northwest Arkansas finished ahead of cities such as Denver, Dallas and Atlanta in that category.

LARGEST EMPLOYERS IN NORTHWEST ARKANSAS

Fayetteville

RogersBentonville

Springdale

Northwest Arkansas is home to over 1,500 Walmart / Sam’s Club Supplies

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New Home Office Site

SE WALTON BLVD

SE 14TH ST

SE J

ST

36,000VehiclesPer Day

64,000VehiclesPer Day

Headquarters

29,000VehiclesPer Day

SUBJECTPROPERTY

www.sagepartners.comAERIAL

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www.sagepartners.comCOMPANY OVERVIEW

A fIRm pOWEREd BY EXpERIENCE

Sage Partners (“Sage”) specializes in providing commercial real estate brokerage, management and development services in the state of Arkansas. Sage combines the technical, market, financial, and industry expertise of seasoned professionals to create a full-service commercial real estate company. The Sage team has many years of in-depth experience that provides solutions through a combination of services.

Diversified experience provides Sage with a unique perspective combining an insight of national trends with unparalleled local knowledge. Additionally, Sage brings a unique database of brokers, clients, contacts, bankers, and investors from vast local, regional, and national experiences. This combination brings real solutions to clients’ needs and ensures thorough market penetration in all respects.

WHY USE SAGE - pEOpLE

We are proud of the success the company has had because it is based on a very simple equation of “good people + hard work + intelligent, long term vision equals long term success.” What impresses people is consistent hard work, market knowledge, quality and the character of team members.

OUR MISSION

“Our team will work with faith and integrity, utilizing our expe-rience and expertise to provide superior real estate services to the benefit of our clients, families, and community.”

CORE VALUES

Practice Integrity - We always try to do what’s right..in all settings, no matter the cost

Clients are Supreme - We want our clients to see that we are outstanding with our experience, knowledge, effort and results

Be Entrepreneurial - We are proactive and creative in solving problems and seizing opportunities

Teamwork Wins - We can achieve more with all of us than individually

Give Back - We want to invest in our community with meaningful generosity

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Little Rock, Arkansas

1 Allied Drive, Suite 2410Little Rock, Arkansas 72202

501.716.5511

Marshall Saviers President, Principal

• BBA from Southern Methodist University.• 15 Years combined experience in commercial real estate in the Arkansas and

Dallas markets with a focus on tenant representation and investment sales.• Facilitated hundreds of transactions across the country with numerous Fortune

500 companies.• Involved in investment sales of over $100 million in the past twelve months.• Oversees brokerage operations for Sage Partners.• Client Experience: Unilever, Clorox, Nike, Procter & Gamble, Mercy Health

System Kellogg’s, Kimberly Clark, Abbott Labs, Bayer Healthcare, Shell, Dr. Pepper, Vestcom, Exxon, Fedex, Tyson Foods, Revlon, PricewaterhouseCoopers and many others.

Bentonville, Arkansas

609 SW 8th Street, Suite 130Bentonville, Arkansas 72712

479.464.9700

Matt ImhoffAssociate

• BS in Electrical Engineering from the University of Arkansas• MS in Technological Entrepreneurship from Northeastern University in Boston, MA• Seven years experience starting and running a financial software company• Focus on investment sales, office, land development, retail, and industrial• Candidate for Certified Commercial Investment Member (CCIM)

Rogers, Arkansas

5100 W JB Hunt Drive, Suite 800Rogers, Arkansas 72758

479.845.3000

www.sagepartners.comCONTACT INFORMATION

SAGE pARTNERS dISCLOSuRE

Sage Partners has been engaged by the owner of the Property to market it for sale. Information concerning the Property has been obtained from sources other than Sage Partners and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any references to age, square footage, income, expenses and any other Property specific information are approximate. Any opinions, assumptions, estimates, or financial information contained herein are projections only and are provided for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. Buyers should conduct their own independent investigation and inspection of the Property in evaluating a possible purchase. The information contained herein is subject to change.

5100 W JB Hunt Drive, Suite 800 | Rogers, AR 72758 | 479 845 3000