community america credit UNION $1.8+ billion in Assets [ actual store ] Corporate ground lease [ 7714 State Street, Kansas City, KS 66112 www.capitalpacific.com ]
PROperty Summary Community america Credit union PRICE: $1,400,000 CAP: 5.00% Rentable SF...2,700 SF land area... 0.51 Acres Current Rent...$25.93/SF Lease Expiration...9/30/2030 year built...2015 Listing Team Contact Info John Andreini jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 RICK SANNER rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 In conjunction with KS Licensed Broker: Brad Saville, Landmark Commercial Real Estate bsaville@landmarkrealestate.net (316) 262-2442 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. [ actual store ] Communityamerica credit union 2
core characteristics investment highlights Pad to 230,000 square foot grocery and junior anchored shopping center, which is one of the only grocery anchored centers serving the immediate area. The center just underwent a $25M+ redevelopment that was completed in 2015 Anchors in the shopping center include Marshalls and Petsmart, both of whom just signed brand new corporate leases, and Price Chopper, which just signed a brand new 20- year lease, and is the largest grocery store in Wyandotte County Traffic counts in excess of 27,000 vehicles per day. There are 65,000 people within a 5-mile radius Population growth is projected in 1, 3, & 5-mile radii tenant highlights (see page 9 for more details) As of November 2015, Community America had over $1.9 billion in assets Weiss Financial Strength Rating of A- Excellent 75 year old institution - largest credit union in the state of Kansas lease highlights Corporate ground lease 15-year primary lease term; 10% rental increases every 5 years Four 5-year options with 10% rental increases every 5 years No Landlord responsibilities Opened October 2015 [ actual store ] Communityamerica credit union 3
aerial anchors in the nearby shopping center include marshalls, petsmart, and price Washington High School 5 435 Leavenworth Road WYANDOTTE PLAZA DD Eisenhower Middle School N 72nd Street LEGENDS OUTLETS KANSAS CITY White Church Elementary Hazel Grove Elementary Parallel Parkway Parallel Parkway Parallel Parkway Arrowhead Middle School Claude Huyck Elementary te Staenue Av State Avenue State Avenue WESTFIELD SHOPPING CENTER 27,910 DAILY St. Patrick School Stony Point North Elementary 70 70 70 Turner Sixth Grade Academy 64,300 DAILY 435 70 DOWNTOWN KANSAS CITY S 787th Street Stony Point South Elementary 32 Communityamerica credit union 4
photos Subject property is a pad to Marshalls, petsmart, price chopper, starbucks & others Communityamerica credit union 5
income & expense [ actual store ] PRICE $1,400,000 Price Per Square Foot: $518.52 Capitalization Rate: 5.00% Total Rentable Area (SF): 2,700 Lot Size (AC): 0.51 STABILIZED INCOME Per Square Foot Ground Lease Rent $25.93 $70,000 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $70,000 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. Communityamerica credit union 6
rent roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Community America Credit Union Current Rent Monthly Rent 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. Yearly Rent Monthly Rent/FT Yearly Rent/FT 2,700 9/28/2015 9/30/2020 $70,000 $5,833 $70,000 $2.16 $25.93 10/1/2020 9/30/2025 $6,417 $77,000 $2.38 $28.52 10/1/2025 9/30/2030 $7,058 $84,700 $2.61 $31.37 Option 1 10/1/2030 9/30/2035 $7,764 $93,170 $2.88 $34.51 Option 2 10/1/2035 9/30/2040 $8,541 $102,487 $3.16 $37.96 Option 3 10/1/2040 9/30/2045 $9,395 $112,736 $3.48 $41.75 Option 4 10/1/2045 9/30/2050 $10,334 $124,010 $3.83 $45.93 Totals: 2,700 $70,000 $5,833 $70,000 $2.16 $25.93 Communityamerica credit union 7
site plan NOT A PART Site Plan Key Parcel outline: Land Area: 0.51 acres Building Area: 2,700 sf Ingress/Egress: State Avenue 27,910 DAILY This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. Communityamerica credit union 8
tenant overview www.communityamerica.com 2014 total assets $1.9 Billion MEMBERSHIPS 178,000+ WEISS FINANCIAL STRENGHT RATING A- Excellent about CACU Established 75 years ago, Community America Credit Union (CACU) is a credit union headquartered in Kansas City, Missouri, regulated under the authority of the Missouri Division of Credit Unions and the National Credit Union Administration (NCUA) of the U.S. federal government. As of November 2014, Community America had more than $1.9 billion in assets, ranking it among the nation s largest credit unions. Based on deposits, Community America ranks as one of the top 10 Kansas City-based financial institutions and is the largest in the state. Today, there are 29 branches in the Kansas City and St. Louis areas. [ actual store ] Communityamerica credit union 9
regional map 27,910 DAILY 11 miles kansas city Communityamerica credit union 10
location Location & Demographics About Kansas City, KS Kansas City, the seat of Wyandotte County, is the third-largest city in the state and the third-largest city of the Kansas City metropolitan area. Wyandotte County, with roughly 158,000 residents, boasts one of the most vibrant economies in the state of Kansas. Wyandotte County has established itself as the place to build for today s top companies. Cerner Corporation is currently constructing a $190 million, 660,000 square foot office campus. General Motors has invested over $1.5 billion in their Fairfax Assembly Plant and recently announced a $600 million, 450,000 square foot expansion of their current 3.5 million square foot facility in the heart of the urban core. The University of Kansas Hospital has invested $771 million since 1998 and has grown from 2,200 employees to more than 6,800. Over the last several years, Wyandotte County has also experienced an exceptional amount of growth in retail, hospitality, and entertainment. Village West, the metro s premier tourist and retail destination, attracts approximately 10 million visitors annually and now includes Kansas Speedway, Legends Outlets-Kansas City, Nebraska Furniture Mart, Cabela s, Great Wolf Lodge, Schlitterbahn Vacation Village, Hollywood Casino, Plaza at the Speedway, CommunityAmerica Ballpark, and Sporting Park. Population 2015 Household incomes Top Employers in kansas city 1-Mile 3-Mile 5-Mile 2010 7,959 36,741 66,253 2015 8,168 37,878 68,140 2020 8,418 39,141 70,272 1-Mile 3-Mile 5-Mile Average $44,852 $49,888 $52,005 Employer # of Employees* University of Kansas Hospital 6,800 General Motors 3,957 Kansas City, KS Public Schools 3,500 University of Kansas Medical Center 3,100 *Approximate Communityamerica credit union 11
A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ www.capitalpacific.com ] [ actual store ] Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. John Andreini jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 Bob Sanner bsanner@capitalpacific.com (415) 274-2717 CA BRE# 00869657 Rick Sanner rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 In conjunction with KS Licensed Broker: Brad Saville, Landmark Commercial Real Estate bsaville@landmarkrealestate.net (316) 262-2442 chris kostanecki chris peters dave lucas zandy smith jack navarra zeb ripple joe caccamo gregg steele karla zens [ Copyright 2015 Capital Pacific LLC ]