Highlands WineSellar Offering Memorandum 6670 Timberline Road, Highlands Ranch, CO 80130 presented by: Emanuel Grivas Senior Advisor 720.773.1244 egrivas@svn.com
DISCLAIMER The material contained in this Offering Memorandum is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisors or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisors listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Memorandum. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Memorandum must be returned to the SVN Advisors or deleted. Neither the SVN Advisors nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Memorandum may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisors and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Memorandum, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisors nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Memorandum are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. 2
Property Overview
THE OFFERING THE OFFERING: SVN Denver Commercial is pleased to present for sale an Absolute NNN Leased investment offering, leased to a very high volume liquor store (Highlands Wine Seller) with seasoned ownership. A Sale/ Leaseback is required showing the commitment of the ownership to this location which is growing at a rocket-like pace. The tenant will execute a brand new 10 year lease term for the 24,000 square foot building at an initial rate of $12.50/sf, increasing 1% annually. The property is well located just west of I-25 and south of C-470 near the intersection of Lincoln Ave & Quebec St in the affluent city of Highlands Ranch. FINANCING: There is no barrier to new financing giving a new owner the benefit of current capital markets and historically low interest rates. OFFER DATE & INSTRUCTIONS: Initials offers are due by September 20th, 2018 and may be in the form of an LOI or Purchase & Sale Agreement. Thank you for your interest and please feel free to contact me with any questions. I look forward to hearing from you. Sincerely, Emanuel Grivas Senior Advisor 720.773.1244 egrivas@svn.com 4
OFFERING SUMMARY LOCATION OVERVIEW As a suburb of Denver, Highlands Ranch is part of both the greater Denver metropolitan area and the Front Range Urban Corridor. It borders several other Denver suburbs including Littleton and Centennial to the north and Acres Green and Lone Tree to the east. Highlands Ranch has received national recognition for its great quality of life and amenities. Our community has been named by NerdWallet as one of the best places to raise families in Colorado, recognized nationally by Forbes as one of the top places to move in the nation. Business Week also named Highlands Ranch one of the best places to raise kids. INVESTMENT OVERVIEW SALE PRICE $5,100,000 CAP RATE 5.88% NOI $300,000 Price/SF $212 LEASE END DATE LEASE TERMS PROPERTY DETAILS Ten years from close date 10 Yr. Initial Term, Two 5 Yr Options. Absolute NNN Lease Structure. YR BUILT 2004 PROPERTY HIGHLIGHTS Highlands Wine Seller NNN Lease Structure Amazing demographics in the Trade area 1% rent escalations annually Very successful store with a low rent to sales ratio of under 4% showing the likelihood of long-term occupancy Median household income in Douglas County is $105,759 BUILDING SIZE LOT SIZE MARKET SUBMARKET CROSS STREETS 24,000 SF 1.72 Acres Denver Highlands Ranch Timberline Rd + S Quebec St 5
CENTENNIAL OVERVIEW Centennial, Colorado is located just south of Denver and is home to over 107,000 people making it the tenth most populous municipality in the state of Colorado. It is part of the fantastic Cherry Creek School District and is one of the safest towns in Colorado. The city was officially established on February 7, 2001. With over 100,000 residents at the time of incorporation, making it the largest incorporation in U.S. history. CITY HIGHLIGHTS 2017 - Top 100 Best Places to Live (www.livability.com) Covers 27.9 square miles Top 3 employers include Oppenheime Funds, Comcast & United Launch Alliance More than 100 parks, hundreds of acres of open space and miles of trails ] ] Strong retail sector including shopping areas such as The Streets at South Glenn and the Centennial Promenade OFFICE STATS City population: 107,705 Arapahoe County Population: 631,096 Median Household Income: $91,941 Median Housing Value: $315,100 Median Resident Age: 41 Unemployment Rate: 2.6% 6
DEOMOGRAPHICS POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 14,094 89,371 193,693 MEDIAN AGE 38.6 37.2 38.2 MEDIAN AGE (MALE) 38.2 37.1 37.5 MEDIAN AGE (FEMALE) 39.0 37.3 38.7 HOUSEHOLD & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 5,042 33,308 73,130 # OF PERSONS PER HH 2.8 2.7 2.6 AVERAGE HH INCOME $119,371 $118,617 $114,168 AVERAGE HOUSE VALUE $364,458 $390,309 $373,657 7
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