walmart neighborhood market KANSAS CITY, MO COMING SOON Long term corporate Lease high traffic counts, outstanding demographics, and strong avg. hh incomes 5261 NE Antioch Rd, Kansas City, MO 64119 www.capitalpacific.com
INFILL LOCATION WITH OUTSTANDING DEMOGRAPHICS AND AVERAGE TRAFFIC COUNTS OF OVER 54,000 VEHICLES PER DAY investment highlights PRICE: $13,000,000 CAP: 5.55% RENTABLE SF...41,117 SF PRICE PER SF...$316.17 CURRENT RENT... $17.63/SF LAND AREA... 6.72 AC The subject property is a new build-to-suit Walmart Neighborhood Market located in infill Kansas City, MO. Within a 5-mile radius, there is a population of 129,000 people with an average household income of nearly $70,000. The subject property is located within the 44-acre newly redeveloped Antioch Crossing Shopping Center, which has had a successful operating history in Kansas City since 1956. The Neighborhood Market, launched in 1998, is Walmart s smaller grocery concept that provides a more convenient shopping experience for customers than the typical Walmart Supercenter. The Supercenters are about 160,000 square feet compared to the Neighborhood Market, which is typically 41,000 square feet and includes a drive-thru pharmacy. 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. Listing Team Contact Info RICK SANNER rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 John Andreini jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. Listed in conjunction with MO Licensed Broker: Adam S. Blue of Area Real Estate Advisors ablue@openarea.com (816) 876-2511 WALMART NEIGHBORHOOD MARKET 2
core characteristics The combination of high average household incomes, a long lease term with a corporate guarantee, a proven retail location, the strongest retail tenant in the US, unsurpassed credit, and a large population within Kansas City, MO make this a very attractive long-term investment opportunity. LEASE HIGHLIGHTS 18 years remain on the original 20-year lease. There are sixteen (16) five (5) year options with 5% increases every five (5) years. Landlord is responsible for roof and structure. The roof has a 15-year warranty, which expires 06/2029. 129,000+ Residents with an average Household income exceeding $68K within a 5-mile radius LOCATION HIGHLIGHTS The subject property is located within the Antioch Crossing Shopping Center surrounded by several in-place national tenants as well as numerous planned outparcels. The shopping center has outstanding visibility benefitting from over 54,000 vehicles per day from both North Antioch Road and US Route 69. Other tenants in the center include Burlington Coat Factory, PetSmart (Coming Soon), Goodyear Tire, Pepperjax Grill, Firehouse Subs, GNC, Vintage Stock, Five Guys Burgers & Fries, Bank of America, and Walgreens. In February of 2017 the Community Apartments at Antioch Crossing were completed. The 96-unit complex features walkable access to the subject property, which will likely bring increased store sales. 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. WALMART NEIGHBORHOOD MARKET 3
aerial BENEFITTING FROM COMBINED TRAFFIC COUNTS IN EXCESS OF 54,000 VPD Antioch Middle School CITY CENTER HOUSING 1 169 39,532 DAILY Creekwood Commons N Oak Trafficway Meadowbrook Elementary Oakwood Manor Elementary NE Antioch Road (129,724 RESIDENTS WITHIN 5 MILES) ANTIOCH CROSSING Ravenwood Elementary 35 NE Englewood Road TIMBER RIDGE GOLF CLUB 69 North Oak Village 15,000 DAILY Davidson Elementary 69 NE Vivion Road Midwestern Baptist Theological Seminary Saint Gabriel Catholic School Lakewood Elementary 35 Winnetonka High School Chouteau Crossings ay N Oak Trafficway 29 Golden Oaks Educational Center rafficw teau T 169 Northgate Middle School ou NE Ch 69 NE Vivion Road NE Antioch Road 29 Topping Elementary 1 Crestwood Elementary St. Pius X High School St. Patrick School Briarcliff Elementary 283 29 1 269 Eastgate Middle School WALMART NEIGHBORHOOD MARKET 4 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.
surrounding retail HOUSING (129,724 RESIDENTS WITHIN 5 MILES) COMING SOON NE ANTIOCH RD 39,532 DAILY DOWNTOWN KANSAS CITY (8 MILES, 18 MIN) WALMART NEIGHBORHOOD MARKET 5 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.
Surrounding Retail LOCATED WITHIN NEWLY REDEVELOPED ANTIOCH CROSSING SHOPPING CENTER WALMART NEIGHBORHOOD MARKET 6
income & expense PRICE $13,000,000 Price Per Square Foot: $316.17 Capitalization Rate: 5.55% Building Size (SF): 41,117 Lot Size (SF): 6.27 AC STABILIZED INCOME Per Square Foot Scheduled Rent $17.63 $725,000 Effective Gross Income $17.63 $725,000 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $725,000 Landlord is responsible for roof and structure. 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. WALMART NEIGHBORHOOD MARKET 7
rent roll TENANT INFO LEASE TERMS Rent Summary Tenant Name Sq. Ft. Base Term Monthly Rent Yearly Rent Monthly Rent/FT Yearly Rent/FT Walmart Neighborhood Market 41,117 01/01/15 12/31/34 $60,417 $725,000 $1.47 $17.63 *Options: See note Below Totals: 41,117 $60,417 $725,000 $1.47 $17.63 *There are sixteen (16) five (5) year options with 5% increases every five (5) years. 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. WALMART NEIGHBORHOOD MARKET 8 [ REPRESENTATIVE PHOTO ]
site plan ENTRANCE FOR BURLINGTON COAT FACTORY VINTAGE STOCK NOT A PART ANTIOCH CROSSING NOT A PART SITE PLAN KEY PARCEL OUTLINE: LAND AREA: 6.27 AC BUILDING AREA: 41,117 SF INGRESS/EGRESS: NOT A PART COMING SOON NOT A PART NOT A PART 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. WALMART NEIGHBORHOOD MARKET 9
site plan SITE PLAN KEY PARCEL OUTLINE: LAND AREA: 6.27 AC BUILDING AREA: 41,117 SF INGRESS/EGRESS: ANTIOCH CROSSING NOT A PART THE COMMUNITY APARTMENTS 96 UNITS 69 NE VIVION ROAD CHOUTEAU TRAFFICWAY ~ COMING SOON ~ 1 NE ANTIOCH ROAD 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. WALMART NEIGHBORHOOD MARKET 10
subject property LONG-TERM CORPORATE LEASE WALMART NEIGHBORHOOD MARKET 11
About Walmart 11,000+ ACROSS 27 COUNTRIES TOTAL LOCATIONS AA INVESTMENT GRADE CREDIT STANDARD & POOR S 1ST LARGEST EMPLOYER IN THE WORLD 2.3 Million APPROXIMATE NUMBER OF EMPLOYEES #1 RETAILER IN THE WORLD WALMART NEIGHBORHOOD MARKET 12 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.
tenant overview [ REPRESENTATIVE PHOTOs ] ABOUT WALMART NEIGHBORHOOD MARKET Walmart Neighborhood Market is a chain of grocery stores launched by Walmart in 1998. There are over 645 Neighborhood Markets in the United States featuring a wide variety of products, including fresh produce, deli foods, fresh meat and dairy items, health and beauty aids, one-hour photo and traditional photo developing services, drive-through pharmacies, stationery and paper goods, pet supplies, and household chemicals. Walmart Neighborhood Markets were originally designed to create easier parking, less crowded aisles and quicker checkouts than Walmart Supercenters. TOTAL LOCATIONS 11,000 + 2016 FISCAL REVENUE $485.9 BILLION GROSS PROFIT $120.6 BILLION AA Investment Grade Standard & Poor s Walmart is the world s biggest retailer and also the largest employer with over 2.3 million full- and part-time workers worldwide (more than 1.4 million just in the U.S.). It is a feared giant for its sheer size and pricing power. The company has $485.9 billion in total revenues and 11,695 stores under 72 banners in 28 countries. There are also ecommerce Websites in 11 countries. It is no wonder Walmart has become the undisputed king of retailing and is ranked #1 in Fortune 500 Companies. www.walmart.com walmart STORES, INC. WAS RANKED #1 on the FORTUNE 500 list (2013 & 2014) AND #1 on INTERBRAND S MOST VALUABLE U.S. RETAIL BRANDS list 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 inaccura- WALMART NEIGHBORHOOD MARKET 13
demographics & map WALMART NEIGHBORHOOD MARKET LOCATION POPULATION 1-Mile 3-Mile 5-Mile 39,532 DAILY 2010 10,274 73,598 124,871 2017 10,586 75,722 129,724 15,000 DAILY 2021 10,925 78,069 134,777 2017 HOUSEHOLD INCOMES 1-Mile 3-Mile 5-Mile Average $63,066 $63,600 $68,296 Median $51,299 $49,228 $52,868 REGIONAL MAP TOP EMPLOYERS IN KANSAS CITY, MO U.S. Federal Government Cerner Corporation HCA-Midwest St. Luke s Health System Children s Mercy Hospital KANSAS CITY 3 HRS 50 MIN 254 MILES ST. LOUIS 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. WALMART NEIGHBORHOOD MARKET 14
Kansas City, mo Encompassing 319 square miles, Kansas City is the largest, most populous city in the state of Missouri and one of two county seats in Jackson County. It is also the predominant city in a MSA of roughly 2.1 million people spanning the Missouri-Kansas border. Kansas City is home to the headquarters of dozens of national companies including American Century Investments, Applebee s, Hallmark Cards, and H&R Block. It is home to one of the largest drug manufacturing plants in the U.S., Sanofi-Aventis, located in South Kansas City. The city is also one of ten regional office cities for the United States Government, making the U.S. Government the largest employer in the Kansas City metro area, with150 federal agencies, and more than 38,000 employees. Kansas City has earned a reputation for being one of the best places to live in the nation. It offers an affordable cost of living, friendly atmosphere, low crime rate, renowned schools, active nightlife, and some of the most famous shopping centers and restaurants in the nation. Kansas City residents also participate in an active professional sports scene that includes the Kansas City Chiefs, Kansas City Royals, Sporting Kansas City, and the Missouri Mavericks. The city has been ranked among Bloomberg s 2012 America s 50 Best Cities, 58th on Forbe s list of The 200 Best Places for Business and Careers, and third in a survey of American s Favorite Places conducted by Travel + Leisure magazine. LOCAL/REGIONAL DEVELOPMENTS: Technology Hub: Kansas City recently launched its Smart City initiative with the collaboration of Cisco, Sprint, and Think Big Partners. The more than $15 million publicprivate partnership has made Kansas City s Smart City Corridor a leading technology, innovation, and entrepreneurial community. The corridor follows the City s two mile-long streetcar route featuring interactive kiosks, free public WiFi, smart streetlights, and sensors. More than 100,000 college graduates enter the KC workforce each year: Many universities and colleges are located in the Kansas City MSA, including the University of Missouri Kansas City, Rockhurst University, and Kansas City Art Institute. WALMART NEIGHBORHOOD MARKET 15 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.
RICK SANNER rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 JOHN ANDREINI jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 Listed in conjunction with MO Licensed Broker: Adam S. Blue of Area Real Estate Advisors ablue@openarea.com (816) 876-2511 Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. CHRIS KOSTANECKI CHRIS PETERS DAVE LUCAS ZANDY SMITH ZEB RIPPLE JOHN ANDREINI JOE CACCAMO JACK NAVARRA [ Copyright 2017 Capital Pacific ]