walgreens - building for sale overview market at a glance demographic summary confidentiality and...

Tony Pierangeli Senior Vice President 303.390.5257 [email protected]

WALGREENS - BUILDING FOR SALE1.134 Acres | 13,854 SF 2320 Main Street | Longmont, CO

Joe Beck Vice President 303.295.4835 [email protected]

John J. Krupka Regional Director 847.971.8122 [email protected]

EXECUTIVE SUMMARY

PROPERTY INFORMATIONProperty Summary Parcel Aerial Site PlanTrade Area Aerial

MARKET OVERVIEW

Market At A GlanceDemographic Summary

CONFIDENTIALITY AND CONDITIONS OF SALE

TABLE OF CONTENTS3

5

10

BUILDING FOR SALE2320 MAIN STREET

LONGMONT, COLongmont, CO - Longmont is conveniently located approximately 37 miles from Denver and 16 miles from Boulder. Situated at the

workforce and business friendly climate while remaining affordable and welcoming.Source: City of Longmont, 2015.

13

3Exclusively Presented By SRS Real Estate Partners

HIGHLIGHTS

northeast corner of Main Street/Highway 287 (28,474 CPD) and 23rd Avenue (2,984 CPD), Highway 287 is the major north/south arterial which provides people access to Longmont from Fort Collins to the north and Loveland to the south.

the site. King Soopers, Kroger, is the dominant grocer in the market and anchors the center on the southwest corner of the intersection along with Planet Fitness, Murdock’s and Dollar Tree. The property is well-positioned in the strong retail corridor of Main St/Hwy 287 with additional retailers and restaurants.

The proposed site is located in Longmont, CO located approximately 37 miles from Denver and 16 miles from Boulder. Colorado’s technology workforce and twenty percent of its technology companies currently reside in Boulder County, which has created a great live/work environment for Longmont’s highly educated population base.

SRS Real Estate Partners is pleased to exclusively offer the opportunity

intersection. The “Property” consists of a freestanding 13,854 SF building.

OFFERS DUE - OCTOBER 12TH, 2015

LAND AREA.....................................1.134 acre (49,397 sf)GLA SF.............................................13,854 sfPARKING.........................................46 Spaces (3.3 per 1,000 sf)YEAR BUILT.....................................2007

Location: 2320 Main St | Main St at Hwy 287/23rd Ave Longmont, CO

EXECUTIVE SUMMARY


QUICK FACTS

HIGH INCOME, STRONG GROWTH (5 mile radius)$83,755 Household Income1.15% annual growth rate from 2015-2020

HIGH TRAFFIC COUNTS @ SIGNALIZED INTERSECTION 28,474 vpd (Main St) 4,029 vpd (23rd Ave west of Main St) 2,984 vpd (23rd Ave east of Main St)

IMPRESSIVE SURROUNDING RETAIL King SoopersMudoch’s Ranch & Home SupplyDollar TreeNoodles & Company

Sonic Drive-In


PROPERTY SUMMARY

Property Summary

1.134+/- AC+/- 13,854 SF46 spaces; 3.3 per 1,000 SFIngress/Egress is available to the site from both Main St/287 & 23rd Ave2007Asphalt paved with striping; concrete curb and gutter for drainage


PARCEL AERIAL


SITE PLAN


SPACE PLAN

DRAWING NO.

OF DWGS.

WALGREENS STORE

SUPERSEDESPLAN DATED:

CADD PLOT:

VOID PLOT:

REVIEWED BY:

DATE:

DRAWN BY:

SCALE:

PROJECT NAME

DRAWING TITLE

I HEREBY CERTIFY THAT THISPLAN AND SPECIFICATIONWAS PREPARED BY ME ORUNDER MY DIRECTSUPERVISION AND THAT I AMA DULY REGISTEREDARCHITECT OR ENGINEERUNDER THE LAWS OF THESTATE OF COLORADO ASSIGNIFIED BY MY HAND ANDSEAL.

CERTIFICATION AND SEAL

FACILITIES PLANNING, DESIGN, & ENGINEERING

PROJECT DATA

106 WILMOT ROADDEERFIELD, IL 60015-5105

FIXTURE FLOOR PLAN

D1

STORE NUMBER 11479

(NEC) MAIN & 23RDLONGMONT, COLORADO

11479-D1-07-19FEB08

11479-D1-06-16JAN08

1/8"=1'-0"

S.SLOWINSKI

01/05/07

L. CUMMINGS

SQUARE FOOT AREA SUMMARY

TYPE GENERAL SALES FOOD MART

NEW LOCATION PHARMACY SECURITY

24 HOUR STORE

LIQUOR

NEW LOCATIONEXIST'G BLDG

OTHER

1 HOUR PHOTO

REMODEL

DEPARTMENT SALES STOCK SERVICE TOTALEXIST'G

TOTALNEW

GENSALES

NEW

EXIST'G

FOODMART EXIST'G

NEW

RXEXIST'G

NEW

RXWAIT'G EXIST'G

NEW

LIQUOR

EXIST'G

NEW1 HOURPHOTO

EXIST'G

NEW

BSMTEXIST'G

NEW

2NDFLOOR EXIST'G

NEW

TOTAL NEW

TOTAL EXST'G

TOTAL AREA: FIRST FLOOR

TOTAL AREA: OTHER LEVELS

GROSS AREA INCLUDING ALLDEPARTMENTS & ALL LEVELS:

RX SHELVING LINEAL FEET:

SQ.FT.

SQ.FT.

LN.FT.

SQ.FT.

NOT TO SCALEFOR REFERENCE ONLY: SEE CONTRACTDOCUMENTS FOR DETAILED SITE PLAN

6845 467 1227 8539

900 900

686 686

120 120

435 435

0 0 0 0

8986 2630 2179 13795

10,680

13795

90

GENERAL NOTES

GE 18 39 66 *GONDOLA D. W. H.END

WS 18 36 84 *WALL D. W. H.SHLVG

G 1818 36 66 *GONDOLA D. W. H.(EA. SIDE)

*DOES NOT INCLUDE STANDARDS, WOOD GROUNDSOR FINISHED END PANELS

FIXTURE LEGEND

ALL OTHER FIXTURESARE TYPICALLYCALLED OUT DEPTH BYWIDTH. EXAMPLE:

DT 30 48DISPLAY D. W.TABLE

REVIEWED BY:

VICE PRESIDENTSTORE OPERATIONS

SENIOR VICE PRESIDENTFACILITIES DEVELOPMENT

SENIOR VICE PRESIDENTSTORE OPERATIONS

EXECUTIVE APPROVAL DATE

KEY PLAN

0 0 0 0

0 2163 952 3115

3115

INTERIOR HANGING SIGNSGENERAL SALES AREA:ALL SIGNS AND AISLE MARKERS @ 10'-6" TO BOTTOMOF SIGN UNLESS OTHERWISE NOTED.SIGN "L" LIQUOR / THANK YOUSIGN "T" STORE HOURS SIGNSIGN "GC" GREETING CARD SIGNSIGN "D" DOWNTOWN CHECKOUT LANE #SIGN "CA" CALIFORNIA ACCESSIBILITY SIGN (9'-6" TO BOTTOM OF SIGN)

PHARMACY DEPARTMENT:REFER TO FIXTURE PLAN FOR REQUIRED SIGNSSIGN "J" PICK UP PRESCRIPTIONSSIGN "K" DROP OFF PRESCRIPTIONSSIGN "Q" CONSULTATION WINDOWSIGN "TX" T. A. S.SIGN "ADA" SYMBOL OF ACCESSIBILITY

ATTACH SIGNS TO UNDERSIDE OF CASED OPENINGS.REFER TO FIXTURE PLAN FOR SIGN LOCATION.PROVIDE (2) HOLLOW WALL ANCHORS PER SIGN.SCREW THREADED EYEBOLT INTO ANCHOR. HANGSIGNS FROM EYEBOLTS WITH "S" HOOKS.

8. MASTER-BILT WALK-IN COOLER: PROVIDE (9) #1000R COOLMASTER DOORS 26 3/4" X 73" EACH AND __ #100FR FREEZEMASTER DOORS 26 3/8" X 73" EACH BY ANTHONY A. __ DOOR(S): FOR EACH DOOR PROVIDE (7) __'D BEV-O-FLOW GRAVITY SHELVES; UPPER (5) WITH SLIDES AND LOWER (2) WITH ROLLERS COMPLETE WITH UPRIGHTS B. (9) DOOR(S): FOR EACH DOOR PROVIDE 36"D B-O-F NYLA-LITE SHELVING SYSTEM C. __ DOOR(S): __'D ROLLER CONVEYOR AT FLOOR LEVEL D. __ DOOR(S): FOR EACH DOOR PROVIDE 27"D ANTHONY SHELVES E. __ DOOR(S): FOR EACH DOOR PROVIDE (2) 27"D ANTHONY SHELVES AND (4) 36"D MERCHANDISER SHELVES F. __ DOOR(S): __'D DOUBLE DECK ROLLER CONVEYOR 9. ICE CHEST BY VENDOR10. CART RAILS W/ DISPLAY SHELF & SLAT WALL ABOVE11. PROVIDE A 6"H BLACK VINYL BASE AT ALL CHECKOUTS12. ELECTRONIC ARTICLE SURVEILLANCE SYSTEM

PHARMACY DEPARTMENT:13. PATIENT SEATING AREA: (4) SEATS14. PROVIDE ELECTRIC FOR FUTURE ROBOTICS15. COMPUTER TERMINAL 15A: INTERCOM PLUS TERMINAL 15C: TRAINING TERMINAL (IN TRAINING ROOM)16. RX SINK AND CABINET17. CRX CABINET18. RX REFRIGERATOR19. PROVIDE A CARPETED FLOOR WITH A RUBBER RUNNER. RX UNDERCOUNTER INSERTS: #1 - RX 3 DRAWER VIAL INSERT #2 - RX 3 DRAWER FILE INSERT #3 - RX OPEN INSERT #4 - RX CONSULTATION COUNTER UNIT #5 - RX PRINTER INSERT #6 - RX 5 DRAWER FILE INSERT #7 - RX OPEN INSERT WITH CPU SHELF #8 - RX OPEN CABINET #9 - RX 10 DRAWER FILE CABINET

OFFICE:20. PROVIDE TILED FLOOR & VINYL WALLCOVERING21. UNDER COUNTER SHELF UNIT22. PRINTER23. LATERAL FILE24. OFFICE COMPUTERS 24A: P.O.S. TERMINAL 24B: AS400 TERMINAL 24C: OFFICE P.C.25. TILL LOCKER26. SAFE27. TV & VCR (IN TRAINING ROOM)

STOCKROOM:28. NEST-A-FLEX CONVEYOR29. GRAVITY CONVEYOR30. POWER ROLLER CONVEYOR31. SEE ARCHITECTURAL DRAWINGS FOR EXACT LOCATION & POSITIONING OF COMPACTORS 31A: TRASH COMPACTOR 31B: BALER 31C: CARDBOARD COMPACTOR

EMPLOYEE ROOM:32. EMPLOYEE LOCKERS: (1) 48' W COAT LOCKER W/ PERFORATED DOORS, (6) 6 TIER BOX LOCKERS & (2) ADA LOCKERS W/ SAFETY VIEW DOORS33. 6'-0"W X2'-2"D EMPLOYEE COUNTER W/ (1) CABINET/S34. EMPLOYEE ROOM REFRIGERATOR (PROVIDE 32" CLEARANCE WHEN NEXT TO COUNTER)35. EMPLOYEE ROOM SINK (IN COUNTER)36. 5'-0" MIRROR CENTERED ON WALL ABOVE COUNTER

MISCELLANEOUS:37. "E" - ELECTRICAL OUTLET FOR FUTURE USE38. VENDOR RACKS: REMOVE BASE DECK & SHOES; (END PANEL TO REMAIN)39. PROVIDE OPENING FOR ONE-WAY GLASS (SEE INTERIOR ELEVATION FOR LOCATION)40. NEWSPAPER RACK BY VENDOR41. PICTURE CARE PLUS TERMINAL

GENERAL SALES AREA: 1. PLEASE PROVIDE PROPER A.D.A. CLEARANCES ON BOTH SIDES OF ALL DOORS 2. MIRROR ON REAR WALL 3. COSMETIC CORNICE 4. SALES AREA CORNICE (FIXTURE MOUNTED) 5. PHOTO CORNICE (FIXTURE MTD UNLESS NOTED) 6. CARPET TILES & DESIGN LINKS FURNISHED AND INSTALLED BY WALGREENS (WHEN SHOWN) 7. MASTER-BILT REACH-IN REFRIGERATION: (PROVIDE 2" AIR SPACE BETWEEN COOLERS AND FREEZERS) OPEN FRONT, MEDIUM TEMP. COOLERS (ADD 2" AT EACH END, FOR END PANELS) A. __ MD-06: 6'-0"W X 42 7/8"D B. __ MD-08: 8'-0"W X 42 7/8"D MODEL BLG-BOTTOM MOUNT REACH-IN FREEZERS (ADD 2" AT EACH END, FOR END PANELS) C. (1) BLG-74 78"X35-3/8"X79" MODEL TAC/TAF TOP MOUNTED SOLID DOORREACH-INS D. (1) TAF-48HD: 52"W X 35 3

4"D E. __ SMB-580 WINE COOLER: 70"W X 32"D X 76.5"H

* A.D.A DOOR CLEARANCES

*ACCESSIBLE REQUIREMENTS MAY VARYWITH LOCAL JURISDICTIONS &APPROACH TO DOOR SWING

REVISIONS

NO. DATE BY DESCRIPTION CONST

TOTAL BY LINEAL FOOTAGEFRONT WALL SHELVING (INCLUDE 54" HIGH WALL AT PHOTO)

COSMETIC WALL SHELVING

REMAINING WALL SHELVING (BACK & SIDE WALL, RX SEATING)

BACK GONDOLAS

FRONT GONDOLAS

HALLMARK SHELVING

COSMETIC GONDOLAS

COOLERS

FREEZERS

294 LN. FT.

108 LN. FT.

12 LN. FT.

20 LN. FT.

7 LN. FT.

66 LN. FT.

70 LN. FT.

432 LN. FT.

57 LN. FT.

1066 LN. FT.

SECOND FLOOR PLAN

FIRST FLOOR PLAN

single lanerx drive thru

parking

entry

parking

rece

ivin

g

signage

Main Street

23rd

DBA1/09/07

JS1/09/07

DELETE #38 VENDOR RACK FROM FRONT GONDOLAAND CHNAGE HEIGHTS OF ALL GONDOLA TO 72" PERMERCHANDISING.

SS12/05/07

REVISE PHARMACY COUNTERS TO SHOW THECORRECT CONSULTATION COUNTER AND SHIFTCARROLS SO THE ROLL DOWN SHUTTERS ARE INTHE INTERIOR OF THE PHARMACY.

SS01/10/08

REVISE OPENING TO 8'-1"AND PHARMACYCHECKOUTS TO 47" WIDE.SS01/16/08

REVISE THE LOCATION OF THE ROOF ACCESS DOORPER OUTSIDE ARCHITECT. RESET SEHELVINGACCORDINGLY. CHANGE THE 13" DEEP SHELVINGNEAR THE FREEZER TO 16" D AND 17" H PER FIXTUREVENDOR.

02/19/08 SS


TRADE AREA AERIAL


MARKET AT A GLANCE

Rank

1 St Vrain Valley Schools

2 Seagate Technology

3 Longmont United Hospital

4 DigitalGlobe

5 Intrado

6 City of Longmont

7 Federal Aviation Administration

8 Circle Graphics

9 McLane Western

10 Crocs

The city of Longmont (Boulder County) is located approximately 16 miles from Boulder and only 37 miles from Denver and Fort Collins. While providing affordable housing and recreational options, as well as a small-town community feel, Longmont also appeals to those who want to live near the amenities of a metropolitan community such as Denver or Boulder.

Situated at the intersection of high technology and manufacturing, Longmont

and business friendly climate while remaining affordable and welcoming.

From bio-pharmaceuticals to satellite imagery to disk drive design, high-tech makes up about 27 percent of the Longmont employment base, and according to the Software & Information Industry Association, the Boulder-Longmont area has the highest concentration of software-related jobs in the nation. Additionally, with the University of Colorado nearby, the local work force is highly educated. According to

residents over age 25 with a four-year college degree.

With sixteen companies throughout the Longmont area, software and IT joins Colorado biotech companies and the aerospace industry as established Longmont industries. Over 1,100 members of the Longmont, Colorado labor force are employed by software and IT companies—the highest concentration of software employees per-capita in the United States.


DEMOGRAPHIC SUMMARY

Current Est. Population 12,826 68,038 91,787

2020 Projected Population 13,454 71,783 97,201

Projected Annual Growth 2015-2020 0.96% 1.08% 1.15%

Median Age 36.1 38.5 38.3

HOUSEHOLDS (HH)

Current Est. HH 4,837 26,499 35,847

2020 Est. HH 5,093 28,111 38,164

Projected HH Growth 2015-2020 1.04% 1.19% 1.26%

INCOME

Avg. Household Income $63,782 $77,649 $83,755

Total Employees 3,702 19,934 37,786

Total Businesses 476 2,626 4,074

EDUCATION

Bachelor’s Degree or Higher 26.8% 35.3% 38.3%

Esri converted Census 2000 data into 2010 geography. August 12, 2015


DEMOGRAPHIC SUMMARY

Esri converted Census 2000 data into 2010 geography. August 12, 2015

This offering memorandum is not intended to constitute an offer, but is merely a solicitation of interest with respect to a possible sale of the 1.13 acre property with a 13,854 SF freestanding building located at 2320 Main St, Longmont, CO.

This Offering Memorandum has been prepared by SRS Real Estate Partners - Northwest, LP (SRS) and has been approved for distribution by the owner. Although effort has been made to provide accurate information, neither the owner nor SRS can warrant or represent accuracy or completeness of the materials presented herein or in any other written or oral communications transmitted or made available to the purchaser. Many documents have been referred to in summary form and these summaries do not purport to represent or constitute a legal analysis of the contents of the applicable documents. Neither owner nor SRS represents that this offering summary is all inclusive or contains all of the information a purchaser

are provided strictly for reference purposes and have been developed based upon assumptions and conditions in effect at the time the evaluations were undertaken.

or the business activities of the owner since the date of preparation of this Offering Memorandum. The projected economic performance of the property, competitive submarket conditions, and selected economic and demographic statistics may have

urged to inspect the property and undertake their own independent evaluation of the property, the market and the surrounding competitive environment.

Environmental matters can and do have dramatic impact not only on the physical conditions of a property but also on its economic performance and underlying value. If such substances exist, special governmental approvals and permits may

or other contaminants or conditions are present at the property. Neither SRS nor the owner performs or conducts investigations or analyses of environmental

laws and regulations applying to either the existence, transportation or removal of

legal counsel and appropriate technical professionals if any of these conditions are

or submit offers on behalf of anyone or divulge or reproduce the contents of this executive summary or discuss the availability of the purchase of the property without

right, at their discretion, to reject an or all expressions of interest with any party at any time with or without notice. The Recipient is strictly prohibited from contacting

of owner and SRS. The terms and conditions stated herein apply to all sections of the executive summary.

SRS is acting as exclusive disposition agent, and the owner reserves the right to withdraw the property from the market, to change the price and terms or sell the property at any time without notice being given.

Regional Director 847.971.8122 | [email protected]

Senior Vice President & Market Leader 303.390.5257 | [email protected]

Vice President 303.295.4835 | [email protected]

1875 Lawrence St, Suite 850 | Denver, CO 80202 SRSRE.COM/DENVER

The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate

Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof.

CONFIDENTIALITY AND CONDITIONS OF SALE


SRSRE.COM/DENVER

walgreens - building for sale overview market at a glance demographic summary confidentiality and...

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