FOOTHILL PLAZA. Offering Memorandum. Chris Hatch Tanner Olson

Transcription

1 FOOTHILL PLAZA 1000 Pocatello Creek Rd Pocatello, Idaho Offering Memorandum Chris Hatch Tanner Olson

2 2 Foothill Plaza

3 Foothill Plaza 3 CONTENTS Executive Summary 07 Investment Highlights 08 Rent Roll 09 Investment Overview 11 Debt Assumption 12 Lease Expiration Analysis 13 Site Pan 14 Aerials 18 Tenant Overviews 21

4 4 Foothill Plaza

5 Foothill Plaza 5 EXECUTIVE SUMMARY Executive Summary Investment Summary Rent Roll Investment Overview Debt Assumption Lease Expiration Analysis Site Plan

6 6 Foothill Plaza FOOTHILL PLAZA

7 Foothill Plaza 7 FOOHILL PLAZA IRREPLACEABLE LOCATION DIRECTLY OFF THE FREEWAY EXIT Stable Investment with over 92.77% Occupancy: Foothill Plaza is a well-located Grocery-Anchored Retail Center with a good tenant mix. Upside and Rent Growth Potential: There is room to grow the rents at this center in the below market lease rates and options/escalations. Good Term in Box Leases: Ridley s Family Market has a lease in place that doesn t expire until Big Lots lease expires in 2021, which means that 69% of the center is occupied until Irreplaceable Location: Location is at the westside of the on/off ramp of I-15 exit 71. Foothill Plaza is located at the lighted intersection of Alameda Road and Pocatello Creek Road. CMBS Loan Assumption: % fixed rate; 25 Yr. Amortization; 10 yr Term; Assumption Fee is 1.0%. Strengths of the Location is evidenced by the close proximity of these box retailers: Costco, Deseret Industries, Dollar Tree, Fred Meyer, Sportsman s Warehouse, and WinCo Foods. Healthy Traffic Counts: Traffic counts on Pocatello Creek road are over 21,500 AADT. Strong Demographics: Population in a 3-mile radius is 59,144 with 63,267 daytime population. The average household income in the 3-mile radius is $56,261.

8 8 Foothill Plaza INVESTMENT SUMMARY

9 RENT ROLL Foothill Plaza 9

10 10 Foothill Plaza RENT ROLL - CONT.

11 INVESTMENT OVERVIEW Foothill Plaza 11

12 12 Foothill Plaza DEBT ASSUMPTION

13 LEASE EXPIRATION ANALYSIS Foothill Plaza 13

14 14 Foothill Plaza SITE PLAN

15 Hil ine Ro a d 13,00 0v pd Foothill Plaza 15 Pocatello Creek Road 21,500 vpd

16 16 Foothill Plaza

17 Foothill Plaza 17 AERIALS & TENANTS DEMOGRAPHICS AERIAL RETAIL AERIAL TRADE AREA AERIAL TENANT OVERVIEW

18 18 Foothill Plaza SITE SITE

19 SITE Foothill Plaza 19

20 20 Foothill Plaza SITE

21 TENANT SUMMARY Foothill Plaza 21

22 22 Foothill Plaza TENANT SUMMARY - CONT.

23 TENANT SUMMARY - CONT. Foothill Plaza 23

24 24 Foothill Plaza TENANT SUMMARY - CONT.

25 FOOTHILL PLAZA Affiliated Business Disclosure and Confidentiality Agreement This Proposal has been prepared by Legend Investment Group (LIG) for use by a limited number of parties and has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty or representation about it. It is your responsibility to confirm, independently, its accuracy and completeness. All projections have been developed by LIG, Owner and designated sources, are based upon assumptions relating to the general economy, competition, and other factors beyond the control of Owner, and therefore are subject to variation. No representation is made by LIG or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, LIG, Owner and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Proposal or any other written or oral communication transmitted or made available to the recipient. The Proposal does not constitute a representation that there has been no change in the business or affairs of the property or Owner since the date of preparation of the Proposal. Analysis and verification of the information contained in the Proposal is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective investors. Owner and LIG each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entity reviewing this Proposal or making an offer to purchase the property unless and until such offer is approved by Owner, a written agreement for the purchase of the property has been fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived. This Proposal and the contents, except such information, which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting this Proposal, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose this Proposal or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or LIG and that you will use the information in this Proposal for the sole purpose of evaluating your interest in the property and you will not use the Proposal or any of the contents in any fashion or manner detrimental to the interest of Owner or LIG. If you have no interest in the property, please return the Proposal forthwith.

26 Chris Hatch Tanner Olson Legend Investment Group 1686 S. Major Street, Suite 200 Salt Lake City, UT