SIGNATURE STATION RETAIL DEVELOPMENT

Transcription

1 OFFERING BROCHURE RETAIL DEVELOPMENT GERMANNA HIGHWAY / SOMERSET RIDGE ROAD LOCUST GROVE, VA ACRES PARCEL SOMERSET RIDGE RD WALMART SUPER CENTER GERMANNA HIGHWAY MATT SUMMERS matthew.summers@cbrecharlottesville.com LEIGH HUGHES leigh.hughes@cbrecharlottesville.com EVAN SULLIVAN Associate evan.sullivan@cbrefredericksburg.com Part of the CBRE affiliate network

2 AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT CBRE Charlottesville operates within a global family of companies with many subsidiaries and/or related entities (each an Affiliate ) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the Property ) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE Charlottesville nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE Charlottesville will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum. This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property. This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the Owner ), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE Charlottesville. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE Charlottesville. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE Charlottesville. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE Charlottesville CB Richard Ellis - Charlottesville, LLC The information contained in this document has been obtained from sources believed reliable. While CB Richard Ellis - Charlottesville, LLC does not doubt its accuracy, CB Richard Ellis - Charlottesville, LLC has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CB Richard Ellis - Charlottesville, LLC and the CBRE Charlottesville logo are service marks of CB Richard Ellis - Charlottesville, LLC and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

3 CONTACT US MATT SUMMERS LEIGH HUGHES EVAN SULLIVAN Associate TABLE OF CONTENTS 04 THE OFFERING 05 TRADE AREA MAP 06 SITE PLAN 08 AREA OVERVIEW 09 CURRENT DEMOGRAPHICS

4 THE OFFERING PROPERTY DESCRIPTION CBRE Charlottesville is pleased to present the Signature Station retail development located in Orange County Virginia on Germanna Highway and Somerset Ridge Road. This location is half way between the high-growth markets of Fredericksburg and Culpepper. The acre commercial retail development is adjacent to the Wal-mart Super Center and across from Wilderness Shores, a rapidly growing Ryan Homes development. Additionally Lake of the Woods a 4,260 home development and Germanna Community College with 11,000+ students, is just minutes away. Signature Station is offering 10 acre commercial retail parcels, zoned C-2, priced for sale at $180,000 per acre. In addition to the parcels for sale, Signature Station is also offering build to suit retail at square footage of 60, ,000 SF. OFFERING PRICE $180,000/acre ZONING C-2 SALE MINIMUM 10 acres SALE MAXIMUM LEASE MINIMUM 60,000 SF LEASE MAXIMUM 220,000 SF RATE Negotiable TAX MAP PARCEL ID

5 TRADE AREA MAP SOMERSET GOLF COURSE ACRES PARCEL WALMART SUPERCENTER GERMANA HIGHWAY LAKE OF THE WOODS LAKE OF THE WOODS 4,260 HOMES 11,000 + STUDENTS DEVELOPMENT MEADOW FARMS GOLF COURSE DEMOGRAPHICS 2016 POPULATION 305,660 HOUSEHOLD INCOME $94,276 RETAIL GAP $424.8M *Based on a 10 mile radius 5

6 SITE PLAN FUTURE MULTI-FAMILY DEVELOPMENT ACREAGE 6

7 SITE PLAN 7

8 AREA OVERVIEW LOCUST GROVE Named after the Black Locust trees common to the area, in eastern Orange County, Virginia, United States. Its ZIP code is 22508, the population of the ZIP Code Tabulation Area was 7,605 at the time of the 2000 census [1] and increased by 60% to 12,696 by the 2010 Census, making it the largest population center within the county (38% of Orange County s total population). While Locust Grove has historically been centered on the intersection of State Routes 20 and 611, most of the current population (and commercial activity) is located along the State Route 3 corridor several miles to the east. LAKE OF THE WOODS Nestled among the trees equidistant from historic Fredericksburg and Culpeper, VA, lies Lake of the Woods. A gated, secured community, Lake of the Woods offers anything and everything one could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre fishing lake ), a golf course, an equestrian center, a fire and rescue department, a coop preschool, and a multi-denominational church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, waterskiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won t be disappointed! Perhaps you prefer a game of bridge or volunteering your time and talents...lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. FREDERICKSBURG, VA The Fredericksburg Virginia Region, which includes the City of Fredericksburg and the counties of Caroline, King George, Spotsylvania, and Stafford, is strategically located 35 miles south of Washington, D.C., the 4th largest market in the U.S. and 50 miles north of Richmond, VA. For the past eight years, Fredericksburg has been the fastest growing region in the Commonwealth of Virginia. With the current population over 338,000 and a highly skilled labor force over 1 million within a 40-mile commute, it is easy to see why the region is a vibrant emerging employment center. Located near where the Rappahannock River crosses the Fall Line, Fredericksburg was a prominent port in Virginia during the colonial era. Tourism is a major part of the economy, with approximately 1.5 million people visiting the Fredericksburg area annually, including the battlefield park, the downtown visitor center, events, museums and historic sites Fredericksburg is home to several major commercial centers including Central Park (as of 2004, the second-largest mall on the East Coast) and Spotsylvania Towne Centre, located in Spotsylvania County adjacent to the city line. LAKE OF THE WOODS, VA 8

9 CONTACT US M AT T S U M M E R S mat thew.summer s@cbre char lot tesville.com LEIGH HUGHES leigh.hughes@cbre char lot tesville.com E VA N S U L L I VA N A ssociate evan.sullivan@cbre freder ick sburg.com 2017 CB Richard Ellis - Charlottesville, LLC The information contained in this document has been obtained from sources believed reliable. While CB Richard Ellis - Charlottesville, LLC does not doubt its accuracy, CB Richard Ellis - Charlottesville, LLC has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CB Richard Ellis - Charlottesville, LLC and the CB Richard Ellis - Charlottesville, LLC logo are service marks of CB Richard Ellis - Charlottesville, LLC and/or its affiliated or related companies in the United States and other countries. All marks and photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.