Eagle Promenade Pad 13 - PDF Free Download

Eagle Promenade Pad 13 EAGLE, IDAHO

TWO BUILDING PAD SITE WITH HIGH TRAFFIC EXPOSURE

Overview Eagle Promenade Pad 13 3116-3130 E STATE ST, EAGLE, ID 83616

PAGE 5 Investment Summary LEASEABLE SF 18,384 SF LAND AREA 2.28 Acres OCCUPANCY 87%* AVG CURRENT RENTS $20.58/SF YEAR BUILT 2007 PARKING 126 Spaces; 6.9/1,000 SF *Single vacancy rent-guaranteed by Seller, providing 100% occupancy. $5,070,000 PRICE 7.00% CAP THE OFFERING provides the opportunity to purchase a high quality, two-building pad site of Eagle Promenade Shopping Center anchored by Home Depot, WinCo, and Petco. The Property is one of fourteen parcels comprising the shopping center and benefits from a high draw to the trade area and co-tenancy with neighboring national retailers. The Property is 87% occupied by eight tenants, with Seller offering a rent guarantee on the 9th space to provide 100% occupancy. Overview

Investment Highlights The highlights PAD LOCATION OF HOME DEPOT, WINCO, AND PETCO AT MAJOR ACCESS POINT. FRONTAGE ON PROMINENT DAILY-NEEDS RETAIL CORRIDOR EXPOSED TO COMBINED TRAFFIC COUNTS OF 60,000 VPD. SUPERB ACCESS CONNECTING DIRECTLY TO TWO PROMINENT REGIONAL HIGHWAYS SERVING NE BOISE, EAGLE, AND SURROUNDING TRADE AREA. DENSE, GROWING RESIDENTIAL BASE OF 190,000 WITHIN A 15-MINUTE DRIVE.

PAGE 7 HIGH QUALITY CONSTRUCTION WITH DYNAMIC TENANT MIX ANCHORS, DENSE SURROUNDING HOUSING, AND NEARBY MAJOR EMPLOYERS PROVIDE DAILY DRAW TO THE TRADE AREA. DYNAMIC MIX OF LOCAL AND NATIONAL BRANDS. HIGH QUALITY CONSTRUCTION WITH FINISHES. NNN LEASE STRUCTURES OF TENANTS PROVIDE INSULATION FROM RISING COSTS. SUFFICIENTLY INSULATED FROM RISING INTERNET RETAIL MARKETPLACE DUE TO HIGH NUMBER OF FOOD AND PERSONAL SERVICE TENANTS. Investment Highlights

Site 55 12,916 VPD 14,000 VPD ST. LUKE S EAGLE MEDICAL PLAZA 32,465 VPD E STATE STREET EAGLE PROMENADE PAD 13 N HORSESHOE BEND RD

PAGE 9 LOCATED APPROXIMATELY 7 MILES FROM DOWNTOWN BOISE Site

Surrounding Retail Business summary TOTAL 1-MILE 3-MILES 5-MILES Businesses 180 1,774 4,393 Employees 1,280 17,567 45,915 Population 4,734 53,662 147,517 KEY 1-MILE 3-MILES 5-MILES MAJOR RETAIL Applebee s Big 5 Sporting Goods Big Lots Carl s Jr Dairy Queen Dickey s Barbecue Dollar Tree Freddy s GameStop Home Depot Idaho Pizza Co McDonald s Petco Ross Dress for Less Sprint Starbucks Taco Bell Walmart Supercenter WinCo

55 N HORSESHOE BEND RD 12,916 VPD 14,000 VPD HILL RD PAGE 11 BOISE 7 MILES SE EAGLE PROMENADE PAD 13 32,465 VPD E STATE ST 44 N GARY LN Hewlett Packard is one of Idaho s largest employers. This location employees about 4,000 residents. 20 Surrounding Retail

Site Plan 18,384 LEASEABLE SF 14,000 VPD 32,465 VPD N HORSESHOE BEND RD 2.28 ACRES E STATE ST 126 SPACES; 6.9/1,000 SF

PAGE 13 EAGLE PROMENADE-PAD 13 IS ONE OF 14 PARCELS THAT COMPRISE THE EAGLE PROMENADE SHOPPING CENTER. All parcels grant to one another the nonexclusive easement for the passage and parking of vehicles and pedestrians over and across the parking, driveways, and sidewalk areas. Q & A Q: DO ANY TENANTS REPORT SALES? A: Yes, the following Tenants report a statement of gross sales: Café Crane, GoWireless, Sports Clips, J Nails, and Aqua Tots. AVAILABLE J NAILS & SPA CAFE CRANE CLUB PILATES IDAHO STATE LIQUOR STORE SITE PLAN NOT TO SCALE Site Plan

Construction

PAGE 15 Construction Details ROOF: TYPE: FOUNDATION: EXTERIOR WALLS: STORE FRONT: PARKING: LANDSCAPING: HVAC: Flat, built-up membrane. Wood framing. 4 concrete slab on grade. Painted, stucco siding with cultured stone; metal awnings. Aluminum window and door frames. 126 Spaces or 6.9/1,000 SF. Attractive, low-maintenance trees and shrubs line the parking lot and property border. Individual roof-mounted units. Construction

Financial Summary PRICE $5,070,000 CAPITALIZATION RATE 7.00% PRICE PER FOOT $276 CASH FLOW SUMMARY SCHEDULED INCOME PER SF Base Rent for the Period of: 11/1/2018-10/31/2019 $20.58 $378,282 Rent Increases Over Base Rent $0.08 $1,508 Operating Expense Reimbursement $5.46 $100,293 Equals: Scheduled Gross Income $26.11 $480,082 Market Vacancy 5% ($24,004) Total Effective Gross Income (EGI) $24.81 $456,078 OPERATING EXPENSES Per SF CAMS $2.37 $43,618 Property Taxes $1.78 $32,782 Insurance $0.36 $6,650 Management Fee 3.5% of EGI $0.88 $16,199 Reserves $0.10 $1,838 Total Operating Expenses $5.50 $101,088 NET OPERATING INCOME $19.31 $354,991 NNN LEASE STRUCTURES OF TENANTS PROVIDE INSULATION FROM RISING COSTS This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

PAGE 17 Rent roll TO ACCESS THE FULL FINANCIAL SUMMARY INCLUDING RENT ROLL, PLEASE EXECUTE THIS FORM. Financial Summary

Featured Photography

PAGE 19 Featured Photography

Location Boise MSA, Idaho BOISE is the capital and most populous city of the state of Idaho, as well as the county seat of Ada County. Located on the Boise River, it anchors the Boise City-Nampa metropolitan area and is the largest city between Salt Lake City, Utah and Portland, Oregon. As of the 2010 Census, the population of Boise was 205,671. It is also the 99th largest U.S. city by population. The 2012 U.S. Census Population Estimates that 212,303 people reside within the city. The Boise metropolitan area is home to approximately 616,500 people and is the most populous metropolitan area in Idaho, containing the state s three largest cities; Boise, Nampa, and Meridian.

Economy PAGE 21 BOISE is the headquarters for several major companies, such as Micron Technology, Boise Cascade LLC, Albertsons, J.R. Simplot Company, Idaho Pacific Lumber Company, Idaho Timber, WinCo Foods, Bodybuilding.com, and Clearwater Analytics. Other major industries are headquartered in Boise or have large manufacturing facilities present. The state government is also one of the city s largest employers. The area s largest private, locally based, publicly traded employer is Micron Technology. Others include IDACORP, Inc., the parent company of Idaho Power, Idaho Bancorp, Boise, Inc., American Ecology Corp., PCS Edventures.com Inc. and Hewlett Packard. EMPLOYER # OF EMPLOYEES ST. Lukes Regional Medical Centers 7400 Micron Technology 5900 West Ada School District 4000 Boise School District 3600 St. Alphonsus Regional Medical Centers 3400 Technology Investment Top 5 employers TECHNOLOGY INVESTMENT AND THE HIGH-TECH INDUSTRY HAVE BECOME INCREASINGLY IMPORTANT TO THE CITY, with businesses including Micron Technology, Healthwise, Bodybuilding.com, Crucial.com, MobileDataForce, MarkMonitor, Sybase, Balihoo.com, Wire Stone and Microsoft. The call center industry is also a major source of employment; there are over 20 call centers in the city employing more than 7,000 people. Location

Demographics KEY 5 MINS 10 MINS 15 MINS Distance to Boise, Idaho Sun Valley, Idaho 7 MILES 15 MINS 167 MILES 2 HRS 57 MINS

PAGE 23 Drive time POPULATION 5 MINS 10 MINS 15 MINS 2010 14,020 57,798 161,195 2017 15,999 67,005 190,904 2022 17,576 74,410 212,517 2017 HH INCOME 5 MINS 10 MINS 15 MINS Average $94,971 $93,926 $82,062 Median $72,049 $70,375 $61,082 434,211 ADA COUNTY POPULATION (ESTIMATED) Demographics

We d love to hear from you. SEAN MACK smack@capitalpacific.com PH: 503.675.8378 MICHAEL HORWITZ mhorwitz@capitalpacific.com PH: 503.675.8381 KEVIN ADATTO kadatto@capitalpacific.com PH: 503.675.7726 SEAN TUFTS stufts@capitalpacific.com PH: 206.693.3357 PETER DUNN pdunn@capitalpacific.com PH: 503.607.0197 The information in this Executive Summary has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. All rights reserved to Capital Pacific, LLC. Contact Us