Timnath Town Core Development Site Adjacent to Fort Collins Banner Hospital Intel/HP/Avago/Comcast Costco Interstate 25 Walmart PARCEL 5 20.1 Acres PARCEL 3 8.6 Acres (UNDER CONTRACT) 900 Poudre River Frontage PARCEL 1 15.1 Acres Future Police Station Site PARCEL 4 5.53 Acres (SOLD) Future Town Hall Site (Architect Retained) PARCEL 2 3.51 Acres Five parcels totaling 52.5 net development acres zoned, platted and infrastructure ready with land uses including retail, office, entertainment, hotel, restaurants, and mixed use. Regional access to the site at the I-25 and Harmony Road interchange with 140,000 vehicles per day. $500 million in projected 2020 retail disposable income. Primary and secondary trade areas are projected to 57,000 population in 2020. New adjoining Costco sales are 2.5 times projection. New Banner Health Hospital is minutes away. Comcast has recently announced 600 new jobs in nearby HP Campus. Nine major mid to upper end housing developments are underway immediately east, south and north. $11.1 million has been invested in both on-site and off-site infrastructure. New $5.6 million Poudre Fire Authority fire station is complete. 1
3 Key Reasons Why Here Why Here, Why Now 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend on Harmony Road in Fort Collins Businesses currently provide over 21,000 jobs, projected to 36,000 by 2025 Comcast just announced 600+ new jobs (May 2016) Broadcom announced expansion of 225+ new jobs to its 1,300 (Dec 2015) 2. Housing growth immediately east, north, and south of Riverbend 9 major housing projects are underway Land planning for 9,000+ new units 3. Population demographics 2020 annual retail disposable income is projected at $500 million within 5-7 minutes Household income exceeds $86,000, with 40% over $100,000 Primary & Secondary trade areas projected to 57,000 households in 2020 425,000 population within a 15-mile radius, and 740,000 within a 30-mile radius by 2020 1. Regional transportation access ½ mile west of Riverbend 140,000 VPD at I-25 and Harmony Road interchange Major regional intermodal transportation hub at interchange 2. Regional retail draw by Costco and Walmart adjoining Riverbend 2016 projected sales are $250 million, 2.5 times original projections 3. Environmental amenities at Riverbend Site controls 900 bluff overlooking the famous Cache la Poudre River Regional Poudre Trail on site is 95% complete from west Fort Collins to east Greeley 1. $10 million capital investment within Riverbend by city and public entities Site was readied for $5.6 million fire station just completed 2. Speed-to-market, approvals, infrastructure and shovel-readiness All off-sites complete Expedited building permit process by smaller town 3. Lack of competing commercial land supply Project is next in line as Costco pads are 80% sold Last major retail site on Harmony Road west just breaking ground 2
Regional Power Center In Progress *Site for Sale is Yellow Dashed 3
New Housing Developments Near Riverbend I-25 7 8 6 10 3-Mile Radius Harmony Road West 5 1 9 Harmony Road East Riverbend Site 2 I-25 4 3 11 4
I-25 2020 Projected Population around Riverbend Site (3, 15, 30-Mile) Radius 2016 2020 3-Mile 19,013 22,877 15-Mile 385,237 426,620 30-Mile 673,572 739,855 Rapidly approaching 500,00 to 750,000 population within 15 and 30 minute drive I-25 *Data & Map From ERSI 7/25/2016 5
Primary Trade Area (5-7 minute drive) Disposable Retail Income 2020 Projections: $500 million ($90,000 median household income, 40% over $100,000) 2020 Primary Trade Area Demand Square feet 20% Absorption at Riverbend Grocery: 153,000 sf 30,600 sf Restaurants/Brew pubs: 173,000 sf 34,600 sf Liquor/wine/spirits: 29,000 sf 5,800 sf Apparel and accessories: 116,000 sf 23,200 sf All other retail: 497,000 sf 95,800 sf SUBTOTAL 190,000 sf Office: 900,000 sf 180,000 sf Medical: 185,000 sf 37,000 sf Source: THK Associates Oct 2015 6
$250 million 2016 estimated gross sales New Costco and a 6-year-old Walmart located ¼ mile west of site, separated by 100% floodplain and floodway, all on Harmony Road just ½ mile west of the I-25 and Harmony Road interchange with 140,000 daily vehicle movement. Starbucks, Chick-fil-A, Taco Bell, Freddie's Steak Burgers and Les Schwab Tire Center are underway on 50% of the remaining Costco/Walmart pads. RIVERBEND IS NEXT 7
Poudre Fire Authority breaks ground on new Timnath fire station in side Riverbend March 22, 2016 The rapidly growing town of Timnath is one step closer to getting a new fire station after Poudre Fire Authority broke ground Tuesday on Station 8. The 15,449-square foot station is expected to open in December. Overall construction is estimated to cost $5.6 million, Poudre Fire Authority battalion chief Holger Durre said Tuesday. Completion date December 2016 8
Conceptual Architecture for Multi Family within Riverbend (Under Contract) 9
Jobs, Medical, and Retail 10
$5.5 million in infrastructure completed Summer 2015 New $5.6 million Poudre Fire Authority station just completed Timnath Town Hall architect retained by town with projected start date spring 2018 $500,000 regional Poudre Trail just completed Full movement intersection on Harmony Road with second right-in/right-out Dry utilities completed Minutes from Costco, which opened in October 2014 Beautiful views of the Rocky Mountains and 900-foot frontage of the Cache la Poudre River $500 million in 2020 retail disposable income within 5-7 minute Primary Trade Area $86,000 average household income in Primary Trade Area 40% with over $100,000 income Total households in primary and secondary markets is 42,000 with over 57,000 projected by 2020 140,000 vehicles per day within 2 minutes of I-25 and Harmony Road No metro or special taxing districts, making sale taxes substantially lower than most other similar properties 11
PARCEL 3 8.6 Acres Multi Family/Mixed Use UNDER CONTRACT PARCEL 1 8.6 Acres The Village/Town Center PARCEL 5 20.1 Employment PARCEL 2 3.51 Retail/Commercial PARCEL 4 5.53 SOLD 12
PARCEL 2 3.51 Acres PARCEL 4 5.53 Acres SOLD Future Town Hall PFA Fire Station Broke ground March 2016 Future Police Station PARCEL 5 20.1 Acres PARCEL 3 8.6 Acres UNDER CONTRACT PARCEL 1 15.1 Acres 13
14
Location The Town of Timnath is centrally located in Northern Colorado, with exceptional access to Fort Collins, Loveland, Greeley and Windsor. The Riverbend site boasts a ¼ mile of frontage on Harmony Road just southeast of the I-25 and Harmony Road interchange. The surrounding population is 363,260 within a 15-mile radius, and 615,260 within a 30-mile radius. Utility Providers Electric: Poudre Valley Rural Electrical Association (PVREA) Natural Gas: Xcel Energy Water: Fort Collins-Loveland Water District (FCLWD) Sewer: South Fort Collins Sanitation District Fiber: Level 3, Baja Broadband, Comcast, CentruyLink Voice: CenturyLink Topography The site has a generally slight slope downward to the southwest. Public Services Police: Timnath Police Department Fire: Poudre Fire Authority (PFA) Harmony Road Frontage 1500 feet of frontage with both full movement intersection and right-in, right-out on drive-home side of road. Northern Colorado Trade Area Northern Colorado s trade area includes approximately 540,000 people and is known nationally for its high quality. Home of Colorado State University and the University of Northern Colorado, the region s population is largely young and welleducated with a diverse workforce. The median household income is high at $77,000 within a 5-mile radius. Talented Workforce 50% of the population within 5 miles holds a bachelor degree or higher #1 Best Cities for Young Professionals #2 Best Place for Business & Careers #2 Best Place to Live #3 Best Place to Do Business #10 Best-Educated City in America Major Employers The Fort Collins/Loveland MSA is home to 21 Fortune 500 companies. The Riverbend project is less than 1 ½ miles from major technology companies including HP, Intel, and AMD. Other major employers include: Banner Medical Center Medical Center of the Rockies Poudre Valley Health Aims Community College Colorado State University University of Northern Colorado Poudre School District In-Situ JBS Swift & Co. Leprino Foods New Belgium Brewing O-I RR Donnelly Vestas Waterpik 15
Contact: Craig Harrison, President Harrison Resource Corporation PO Box 399 Timnath, Colorado 80547 970-226-4100 craig@harrisonresource.com Prepared by Harrison Resource Corporation. Information contained herein, while not guaranteed, is from sources believed to be reliable. All prospective purchasers are encouraged to obtain legal and/or technical guidance. Prices and information contained within this brochure are subject to change. 16