SITE. Little competition. Profitable Uhaul business. No supply contract obligation. Large lot with potential to add additional profit centers

Transcription

1 300 Willapa Pl Way Raymond, WA SITE Little competition Profitable Uhaul business Willapa Pl Way No supply contract obligation 101 Large lot with potential to add additional profit centers th Ave NE, Kirkland, WA mccallenandsons.com

2 View drone footage of property, click on logo Great Thriftway/McDonald s outparcel pad site right off Highway 101 Little competition - Only two other stations in Raymond High traffic highway with over 11,000 VPD on US 101 Profitable U-Haul business on site No supply contract obligation Large lot with potential to add additional profit centers Car wash currently not in operation - potential for additional revenue Serving some of the Counties best Biscuits & Gravy! Long-term tenant lease has expired. Would be willing to stay on and negotiate a new lease agreement VIEW WITH DISCRETION. PLEASE DO NOT SPEAK TO THE OWNERS OR EMPLOYEES $1,250,000 Listing Price 60,000 Avg Gas Vol/Mo To Be Verified Pool Margin $55,000 Avg Store Sales/Mo (Excluding Lotto) 20% Store Margin 11,000 VPD US 101 Propane Lottery ATM Espresso ±1.23 Acres Lot Size ±2,510 SF Building Size (Potential to add) Yes Yes Yes No Includes Real Estate

3 101 11,000 VPD Willapa Pl Way

4 Willapa Pl Way ,000 VPD

5 Click on Aerial for Driving Directions

6 VIEW WITH DISCRETION. PLEASE DO NOT SPEAK TO THE OWNERS OR EMPLOYEES

7

8 Raymond is a quaint town located off State Route 101 in Pacific County in Western Washington with a population of 2,921. The town s economy has traditionally been driven by logging, fishing and limited tourism. Rich with history, there is plenty to see and do in Raymond including parks, museums, trails and the famous Historic Raymond Theater. Raymond has seen the job market increase by 1.2% over the last year due to agriculture, logging and fishing.

9 PRICE $ 1,250,000 Debt Service Assumptions: Down Payment $ 375,000 30% Loan Amount $ 875,000 70% Interest Rate 4.5% Amortization 30 Years NET OPERATING INCOME SUMMARY SCHEDULED INCOME EXISTING LEASE POTENTIAL NEW LEASE Current Base Rent $ 75,000 $ 96,000 Plus: Expense Reimbursement $ 13,358 $ 13,358 Effective Gross Income (EGI) $ 88,358 $ 109,358 Less: OPERATING EXPENSES Property Taxes $ 9,358 $ 9,358 Insurance $ 4,000 $ 4,000 Reserves $ 1,500 $ 1,920 Total Operating Expenses $ 14,858 $ 15,278 Equals: NET OPERATING INCOME $ 73,500 $ 94,080 Debt Service $ 53,196 $ 53,196 Cash Flow Before Tax $ 20,304 $ 40,884 Capitalization Rate 5.9% 7.5% Cash on Cash Return Before Tax 5.4% 10.9% *Assumes station is tenant operated

10 AGE MARITAL STATUS & GENDER HOUSEHOLDS INCOME AGE RITAL STATUS & GENDER 2018 Est. Population 20 to 29 Years 11.5% 8.8% 2018 Est. Population 30 to 44 Years 16.5% 14.2% 2018 Est. Population 45 to 59 Years 17.9% 18.7% 2018 Est. Population 60 to 74 Years 19.7% 28.0% Est. Population Willapa Pl 75 Way Years Raymond, or Over WA % 11.6% 2018 Est. Median Age Est. Male Population 49.5% 49.9% 2018 Est. Female Population 5 Min 10 Min 15 Min 50.5% City County 50.1% 2018 Est. Never 2018 Married Estimated Population 2018 Est. Now 2023 Married Projected Population Census Est. Separated 2010 Population Census or Divorced Population Census Est. Widowed 2000 Population Census Population 5,721 6,264 5,597 5,921 7,054 7,714 6,896 7,270 7,677 8,388 7,516 7, % 2, % 3, % 2, % 2,948 21, % 23, % 20, % 20, % Projected Annual Projected Growth Annual 2018 Growth to to % 1.9% 1.9% 1.8% 1.6% 2018 Est. HH Income $200,000 or More 0.1% 1.7% Historical Annual Historical Growth Annual 2000 Growth to to % -0.2% -0.2% -0.1% 0.2% 2018 Est. HH Income $150,000 to $199, % 2.3% 2018 Estimated Est. HH 2018 Income Households Estimated $100,000 Households to $149, Projected Est. HH 2023 Income Households Projected $75,000 Households to $99, Census Est. HH 2010 Households Income Census $50,000 Households to $74, Census Est. HH 2000 Households Income Census $35,000 Households to $49,999 Projected 2018 Est. HH Annual Projected Income Growth Annual $25, Growth to to $34, to 2023 Historical 2018 Est. Annual HH Historical Income Growth Annual $15, Growth to $24, to Est. HH Income Under $15,000 2,402 2,520 2,283 2, % 0.1% 2,975 3,118 2,826 2, % 0.1% 3,238 3,391 3,081 3, % 0.1% 1, % 1, % 19.1% 1, % 1, % 0.9% 15.0% 0.1% 17.0% 10, % 10, % 16.7% 9, % 9, % 0.7% 15.4% 0.6% 13.6% 2018 Est. Population Average 2018 Est. Household Under Average 10 Income Household Years Income 2018 Est. Population Median 2018 Est. Household 10 Median to 19 Income Household Years Income 2018 Est. Population Per 2018 Capita Est. Income 20 Per to Capita 29 Years Income 2018 Est. Population 30 to 44 Years $52,175 $39,828 $22,155 $56,780 $42,954 $24,153 $59,160 $44,400 $25,147 $48, % $37, % $20, % 16.5% $54, % $43, % $25, % 14.2% 2018 Est. Population Total 2018 Businesses Est. 45 Total to 59 Businesses Years 2018 Est. Population Total 2018 Employees Est. 60 Total to 74 Employees Years 357 2, , , % % 1, % 1, % 7, Est. Population 75 Years or Over 10.3% 11.6% 2018 Est. Median Age Est. Male Population VIEW WITH DISCRETION. PLEASE page page 1 of of DO NOT SPEAK TO THE OWNERS OR % EMPLOYEES 49.9% SA, SA, Chandler, Chandler, Arizona, Arizona, Demographic Demographic Source: Source: Applied Applied Geographic Geographic Solutions Solutions 04/2018, 04/2018, TIGER TIGER Geography Geography 2018 Est. Female Population 50.5% 50.1% 2018 Est. Never Married (p) % (c) grant@mccallenandsons.com 23.7% 2018 Est. Now Married This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, 39.5% warranty or representation 48.3% about it Est. Separated or Divorced 18.2% 19.7% This report was produced using data from private and government sources deemed to to be re r