NEWPORT RETAIL CENTER

Transcription

1 HBBETT SPORTS Property Overview NEWPORT RETAL CENTER NATONAL CREDT TENANTS 2500 Malcolm Ave. Newport, Arkansas T.J. Lefler, CCM Executive Vice President, Principal Matt mhoff Associate

2 PROPERTY OVERVEW The Offering Located in Newport, Arkansas, the property consists of an 68,907 SF building situated on 6.48± acres. Financial Snapshot PURCHASE PRCE $3,950,000 CAP RATE 8.0% ADDRESS 2500 Malcolm Ave., Newport, AR 1/1/18-12/31/18 BASE RENTAL NCOME $ 327, BULDNG LAND 68,907 SF 6.48± acres Expense Reimbursement Revenue Taxes $ 28, YEAR BULT 1989, Fully Renovated in 2014 OCCUPANCY 100% USE OUTPARCEL Rent Roll Snapshot Major Shopping Center for Town New McDonald s (not included, built in 2015) TENANT SQUARE FEET EXPRATON Goodwill 15,412 Nov-24 Tractor Supply 24,428 Feb-25 Dollar Tree 8,202 Nov-19 Hibbett Sports 4,995 Jul-25 Dead Space 15,870 TOTALS 68,907 nsurance $ 15, CAM $ 35, TOTAL REMBURSEMENTS $ 78, TOTAL NCOME $ 405, EXPENSES Taxes $ 28, nsurance $ 15, CAM $ 35, Management Fee $ 12, TOTAL EXPENSES $ 90, NET OPERATNG NCOME $ 314, *information deemed reliable but not guaranteed

3 STE PLAN ; ' '.. ; ":'.'.'... Stegall Road \\\\\\ \\\\\' ljl 111 Hi:. : : ' ' l O,H t t...! t+ -.. ((11,-inu, l)l' '4.J!li ""' t + t,. O hl,. [ c j l!, t 1",, l!====! i L. _J :1 a rt - -,. '... f't W-.J 1(,.1 / --- irt»i /1,1/.i j.! -,u ,,.., : -f- 1" Troclor Supply 1 -;"'. -t,:-.::... i -.. \..,, - " t»t *1 -,.!; '\L -- J '* *' " t '-' =: " {" 1 5 i "' : 11 1 ;!-:.:::, ' 1 1 l 11 l l i ''l-..- VACAHJ C,. ij...111,1.t. h -- J // -. lllllllllll} i1111!111:1,. :: :_h _ C Malcolm Ave./Hwy 367, -,>" Olivia Dr. O ;. -,,.,,,., - 1 Restaurant 4,536± sf *not included 1:1 11.W.,,. > '\- ' llulj_lj.ujjillljjlllj.,4 w : --==-_ i 1> t_- --'- --_j :.rylqb '-.., -;;--M----,/ 1,.," -' ' Stegall Road Dollar Tree 8,202± sf Hibbett Sports 4,995± sf Tractor Supply 24,428± sf Goodwill 15,412± sf Dead Space 15,870± sf Scissor Lift 1'... :: D j, '' u t" ;, --< " d n3 ::f.\ l rt.s e':l (U 1:: 8.. g s:: z z (U " l'n,rtrlj-117 DATE \l r fl ::..11 s it e P la n:... _ north [7,.,...,.

4 TENANTS GOODWLL NDUSTRES OF ARKANSAS NC. Square Feet: 15,412 Website: Goodwill was founded in 1902 in Boston by Rev. Edgar J. Helms, a Methodist minister and early social innovator. Dr. Helms vision set an early course for what today has become a $5.59 billion nonprofit organization. With over 161 independent, local Goodwills in the United States and Canada, their network continues to grow. Consumers rank Goodwill as the #1 brand doing the most good in the world for two consecutive years as of Goodwill works to enhance the dignity and quality of life of individuals and families by strengthening communities, eliminating barriers to opportunity, and helping people in need reach their full potential through learning and the power of work. DOLLAR TREE Square Feet: 8,202 Website: Dollar Tree, nc. is an American chain of discount variety stores that sells items for $1 or less. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 13,600 stores throughout the 48 contiguous U.S. states and Canada. ts stores are supported by a nationwide logistics network of eleven distribution centers. The company operates one-dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates a multi-price-point variety chain under Family Dollar. TRACTOR SUPPLY COMPANY HBBETT SPORTS Square Feet: 4,995 Website: n 1945, Rufus Hibbett founded Dixie Suppy Company. Renamed and sold multiple times, the company is now referred to as Hibbett Sporting Goods. Headquartered in Alabama, Hibbett is a leading athletic inspired fashion retailer with more than 1,000 stores, primarily located in small and mid-sized communities across the country. Hibbett Sports supports the American Heart Association with a shared goal of promoting healthy and active lifestyles. By working together, they can make a positive impact in all the states Hibbett Sports are located, and ultimately, help save lives with the money raised. Square Feet: 24,428 Website: Tractor Supply Company is the largest operator of rural lifestyle retail stores in America. Founded in 1938 as a mail order tractor parts business, Tractor Supply Company (also referred to as TSC) owns and operates over 1,600 stores in 49 states supplying basic maintenance products to home, land, pet and animal owners. Based in Brentwood, Tenn., Tractor Supply is a public company whose stock is traded on The NASDAQ National Market under the symbol TSCO. The company was founded in 1938 as a mail order catalog business offering tractor parts to America s family farmers. Today Tractor Supply is a leading edge retailer with annual revenues of approximately $7.26 billion.

5 AERAL AR BASE RD Newport Elementary School N PECAN ST STEGALL RD Newport High School MALCOLM AVE 13,000 Vehicles Per Day SUBJECT PROPERTY REMMEL AVE 8,800 Vehicles Per Day

6 AERAL STEGAL RD MALCOLM AVE 5100 W JB Hunt Drive, Suite 800 Rogers, AR

7 DEMOGRAPHCS

8 COMPANY OVERVEW A FRM POWERED BY EXPERENCE 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 MSSON Our team will work with faith and integrity, utilizing our experience and expertise to provide superior real estate services to the benefit of our clients, families, and community. CORE VALUES Practice ntegrity - 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

9 CONTACT NFORMATON T.J. Lefler, CCM Executive Vice President, Principal BSBA in Finance and Real Estate from the University of Arkansas Twelve years experience working with Nationwide buyers and focusing primarily on statewide investment sales of all types of commercial property Approximately 4,500,000 sf leased/sold and 3,000 acres sold throughout the state of Arkansas Committed to providing a high level of service and attention to detail creating measurable value for clients Client Experience: Walmart, Tractor Supply, Carmike Theaters, Goodwill, Big Lots, Fred s Hometown Discount Stores, Sony, and Hibbett Sports HBBETT SPORTS SAGE PARTNERS DSCLOSURE Matt mhoff Associate BS in Electrical Engineering from the University of Arkansas MS in Technological Entrepreneurship from Northeastern University in Boston, MA nvolved in investment sales of over $30 million in past twelve months Focus on investment sales, office, industrial and retail Candidate for Certified Commercial nvestment Member (CCM) Sage Partners has been engaged by the owner of the Property to market it for sale. nformation 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. Rogers, Arkansas 5100 W JB Hunt Drive, Suite 800 Rogers, Arkansas Bentonville, Arkansas 609 SW 8th Street, Suite 130 Bentonville, Arkansas Little Rock, Arkansas 1 Allied Drive, Suite 2410 Little Rock, Arkansas W JB Hunt Drive, Suite 800 Rogers, AR