Tooele Retail Investment

Transcription

1 Investment Green Burrito Local Mexican Food Property Information > 3 Tenant Retail Investment > 17,000 Square Feet > 100% Occupied > Built In 2009 > Land Size: Acres > General Commercial Zonning > 43 Parking Stalls > Price $3,050,000 > Cap Rate: 7.6 % > Traffic Counts: Main St: 26,800 VPD

2 Green Burrito Local Mexican Food

3 Main Street: 26,800 ADT Vine Street: 10,160 ADT Miles Tooele January 2016

4 ^_ SITE Miles 162 North Main Street, Tooele April 2016 µ

5 Tenants Sq Ft Rate Monthly Rent Annual Term Lease Expiration Options/ Escalations Salon Centric Green Burrito Local Mexican Food 11,000 3,000 3,000 $15.68 $10.75 $13.00 $14, $2, $3, $172, $32, $39, yr Starting yr Starting yr Starting /03/19 09/10/19 01/15/21 Three 5 yr 10% Every 5yrs Three 5 yr 12% Every 5yrs One 5 yr 3% Annual Retail Total Occupied Total Vacant Total 17,000 17,000 $20, $243, Projected Income & Expense Gross Potential Income $243,678 Vacancy (5%) -$12,184 Effective Gross Income $231,494 Operating Expenses NNN Net Operating Income $231,494 Asking Price $3,050,000 Asking Cap Rate 7.6%

6 SalonCentric, headquartered in St. Petersburg, Florida, and operating in 48 states, is a distributor of salon professional products. They are committed to providing the best brands, the best education and the best business-building support, transforming every salon into a destination of choice. They have more than 565 stores, were they are committed to listening to your needs and helping you identify the right education and business solutions for your salon. They are passionate about the professional beauty industry and share that passion through a variety of educational opportunities, including in-store demonstration, in-salon trainings, regional classes and large-scale stage presentations at industry shows. Big 5 Sporting Goods is one of America's top retailers of name brand sporting goods and accessories. With 434 locations spread throughout 11 western states, they provide a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. The product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, snowboarding and in-line skating Green Burrito Local Mexican Food Local Start-up Mexican restaurant currently under construction, scheduled to open in October Tooele (too-el-a) Tooele County is one of Utah s most uniquely beautiful places, and features some of the most dramatic and diverse landforms on earth. There are 11,000-foot high peaks, an inland sea, verdant valleys, and a mysterious desert with a bizarre expanse of white salt. To go along with Tooele County s impressive size, the opportunities for business growth are boundless. As one of the fastest growing counties in the state, both in population and in economic activity, Tooele County is positioning itself as a leader in innovation and business. Tooele County s Job Growth is at a 3.18% compared to the national average of 1.18%. Future job growth is estimated to be at an all time high of 42.10% Compared to national average of 36%. Listed by Sperlings Best Places as one the top 5 healthiest (Fittest) Cities to live in. Notable Businesses - Utah Motorsports Campus *$100 Million plus project, one of a kind in the U.S. *Over 100,000 Fans a year - Walmart Distribution Center *Over 900 Employees *$1 Billion plus in Annual Revenue - Army Depot *Payroll of $38.9 Million *3rd Largest Employer in Tooele County. Demographics Population 1 Mile 3 Mile 5 Mile 2015 Estimated Population 12,400 33,334 34, Projected Population 12,918 35,179 36,953 Households 1 Mile 3 Mile 5Mile 2015 Estimated Households 4,465 10,460 10, Projected Households 4,643 10,996 11, Est. Average HH Income $59,239 $69,341 $70,958