TOOELE MULTI-TENANT INVESTMENT OFFERING

Transcription

1 TOOELE MULTI-TENANT INVESTMENT OFFERING 54 South Main Street Tooele, Utah Sky Hazlehurst Brad Brown Colliers International 6550 S Millrock Dr Suite 200 Salt Lake City, UT P:

2 Table of Contents > Executive Summary...3 Investment Overview... 4 Tenant Overviews... 5 Neighborhood Overview... 6 Why Utah?... 8 > Property Overview...9 Region Map...10 Tenant Aerial...11 > Property Photos South Main Street COLLIERS INTERNATIONAL P. 2

3 54 South Main Street Tooele, Utah TOOELE MULTI-TENANT INVESTMENT OFFERING > Executive Summary COLLIERS INTERNATIONAL

4 Executive Summary Investment Overview Vine St. > PROPERTY DESCRIPTION The Tooele Multi tenant Investment is a unique investment opportunity. It is located in the heart of Tooele Downtown, and is well positioned to maintain it s current tenant mix, or, when the time is right, it will be at the center of future downtown redevelopment. Tooele can be characterized as small and steady. It is a quaint town near Salt Lake City, UT that does not experience the peaks and valleys of a turbulent market. This property has a good mix of tenants from regional to local, with the longest tenure being over 16 years. It is a great investment for anyone looking for better than an 8% return in such a tight investment market. Main Street - 26,800 ADT > INVESTMENT HIGHLIGHTS Sale Price: $795,000 CAP rate: 8.9% In the heart of Downtown Tooele 100% Occupancy 9,630 SF Building with 5,500 SF Basement Flexible Lease Terms 26,800 ADT Main Street Larger Development Opportunity Available 100 South COLLIERS INTERNATIONAL P. 4

5 Executive Summary Tenant Overviews > PEAK FIREARMS LLC Peak Firearms was founded by Michael Harrison to provide gun enthusiasts an alternative to the typical gun dealers. We feel customers are looking for friendly, knowledgeable and personal attention, and at Peak Firearms, we pride ourselves in delivering just that. There is no question to simple or mundane to ask. We not only provide the best pricing and value for your firearm and accessory purchases, but we also help you learn and understand about the products you are considering. Helping you make your best choice is not just our goal, but our mission. > STANSBURY PSYCHOLOGICAL SERVICES Stansbury Psychological Services is a Psychologist office located in Tooele, UT. A psychologist focuses on the evaluation, prevention, diagnosis, and treatment of mental, emotional and behavioral health issues. A clinical psychologist uses psychotherapy and other counseling skills to improve emotional and mental health. > CHAZ DIGITAL CRAFTSMAN As a young kid when my friends wanted to hang out (I knew this probably just meant throwing stuff at each other for a couple hours) I would often show up with my parents first generation point and shoot digital camera (you know the kind that could take like 30 pictures!) and a backpack full of action figures with tech decks taped to there feet. Stop motion skate videos was on the agenda for this 10 year old Spielberg, standing in the door way of my unsuspecting, and disheartened, dirt claud lobbing, friends suburban home. > BLUE ANTLER The most recent chapter began in the spring of What we truly missed about living in the Pacific Northwest was the spiritual community we had there. We realized that we didn t have a center for alternative spirituality in Tooele. We loved the idea of a space that would be not only retail but a gathering place as well. It took a few months of planning, and a few people that believed in us, before we were ready to open Blue Antler s doors for the first time. We opened on August 1, > TOOELE COUNTY BOARD OF REALTORS The mission of the Tooele County Association of REALTORS is to be a unified community of real estate professionals created to support, educate and enhance professionalism; to promote and maintain high standards of conduct as expressed in the REALTOR Code of Ethics; to protect, advance and further the interests of real property ownership; and to promote the image of REALTORS. > NEXEO HR SOLUTIONS, LLC Nexeo HR Solutions is a full-service staffing, payroll and HR management provider based in Orem, Utah. They have eight service locations across Utah and the intermountain west region with clients located across the US, including Hawaii. With over 10 years of experience they ve served 500+ clients and hired 25,000+ employees. COLLIERS INTERNATIONAL P. 5

6 Executive Summary Neighborhood Overview > TOOELE COUNTY Tooele County is one of Utah s most uniquely beautiful places, and features some of the most dramatic and diverse landforms on earth. Most of its towns lie in a broad valley between the mineral rich Oquirrh Mountains on the eastern border and the Onaqui and Stansbury Mountains. The Great Salt Lake Desert covers most of western Tooele, except the southwest corner where the Deep Creek Mountains rise. There are 11,000-foot high peaks, an inland sea, verdant valleys, and a mysterious desert with a bizarre expanse of white salt. The place is also enormous. As Utah s second largest county, the state of New Jersey could just about fit inside its nearly 7,000 square miles. Tooele County has an unemployment rate of 4.8%. The US average is 5.2%. Tooele County has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 38.0%. > TAX RATES FOR TOOELE COUNTY - The Sales Tax Rate for Tooele County is 6.4%. The US average is 6.0%. - The Income Tax Rate for Tooele County is 5.0%. The US average is 4.6%. > INCOME AND SALARIES FOR TOOELE COUNTY - The average income of a Tooele County resident is $22,423 a year. The US average is $28,555 a year. - The Median household income of a Tooele County resident is $63,077 a year. The US average is $53,482 a year. COLLIERS INTERNATIONAL P. 6

7 Executive Summary Why Utah? > UTAH TOP RANKS Utah is a national leader in job growth, unemployment, low cost of doing business, and talented labor. Utah regularly tops rankings for best states for business, careers, living, health, and quality of life. Utah Named #10 Among Best Places to Live - U.S. News and World Report Utah Ranked #3 Best Economy - WalletHub Salt Lake Among Top 15 Cities Where Millennials are Moving - Time Magazine Salt Lake City (and the Wasatch Front) Ranked #1 Among Cities Poised to Become Tomorrow s Tech Meccas - Forbes Two Utah Cities (Provo-Orem and Logan) Voted among the Best in America for Successful Aging - Milken Institute America WalletHub > UTAH TOP EMPLOYERS (2016) Intermountain Healthcare University of Utah State of Utah Brigham Young University Wal-Mart Hill Air Force Base Utah State University Davis County School District Granite School District Smith s Food and Drug America s 25 Best Cities For Young Professionals in Forbes Salt Lake City Named #1 City Where Young People Want to Be - realtor.com Utah the Best Place in the Country to Find a Job - U.S. News Utah Tops the List of Happiest States in COLLIERS INTERNATIONAL P. 7

8 54 South Main Street Tooele, Utah TOOELE MULTI-TENANT INVESTMENT OFFERING > Property Overview COLLIERS INTERNATIONAL

9 Property Overview Region Map ST 138 GRANTSVILLE ST 112 ST 36 TOOELE SITE ST 202 ST ST 111 ST 209 ST 172 WEST VALLEY CITY Salt Lake City Intl ST 154 o" WOODS CROSS ST 67 ST 93 NORTH SALT LAKE 89 ST 171 ST 201 ST 173 WEST JORDAN ST 68 ST 48 ST 268 ST 154 SOUTH JORDAN ST 151 ST 175 ST 68 ST 65 SALT LAKE CITY ST 269 SOUTH SALT LAKE TAYLORSVILLE 215 ST BOUNTIFUL ST 71 MURRAY MIDVALE 15 ST 186 ST 266 HOLLADAY ST 209 ST 152 SANDY COTTONWOOD HEIGHTS ST 210 ST 190 RIVERTON DRAPER HERRIMAN BLUFFDALE ST 140 Multi STOCKTON - Tenant Investment Offering LEHI ALPINE COLLIERS INTERNATIONAL P. 9 ST 92 ST 144

10 Property Overview Aerial / SLC - 35 miles 50 West Veterans Memorial Park Vine Street Main Street - 26,800 ADT Clerk/DMV COLLIERS INTERNATIONAL P. 10

11 TOOELE MULTI-TENANT INVESTMENT OFFERING 54 South Main Street Tooele, Utah > Property Photos COLLIERS INTERNATIONAL

12 Property Photos 54 South Main COLLIERS INTERNATIONAL P. 12

13 TOOELE MULTI-TENANT INVESTMENT OFFERING 54 South Main Street Tooele, Utah Sky Hazlehurst Brad Brown Colliers International 6550 S Millrock Dr Suite 200 Salt Lake City, UT P: