chromatic dragon | pooler, ga (savannah msa) · 2019. 1. 2. · chromatic dragon is entrenched...

SINGLE TENANT NNN EXCLUSIVELY LISTED BY

Chromatic Dragon | Pooler, GA (Savannah MSA)

400 Pooler ParkwayPooler, GA 31322

Poi [email protected]

909.833.0119Lic #01881091

Shaw [email protected]

Lic #01877121

OFFERING MEMORANDUM

Lic #02003026

Offering Memorandum

The information contained has been obtained from sources we deem reliable, however, we do not guarantee its accuracy and are not responsible for errors.Chromatic Dragon | Offering Memorandum 2019

EXCLUSIVELY LISTED BY:

Poi [email protected] #01881091

Shaw [email protected] #01877121

Lic #02003026

Contact Chromatic Dragon | 2


Offering Summary

Offering Summary

Offering PriceCAP RateProperty TypeBuilding TypeLease

Net Operating IncomeOwnership InterestOccupancyRentable SFLot SizeYear BuiltParking

$2,340,0006.85%

Retail – RestaurantFree Standing Single Tenant

NNNNo Landlord Responsibilities

$160,368/yearFee

100%4,812

1.68 AC2007

80 spaces + 4 ADA

Property

400 Pooler Parkway Pooler, GA 31322 (Savannah MSA)

Chromatic Dragon | 4

Investment Highlights

Chromatic Dragon is offered as a fee investment opportunity. The single tenant building is 4,812 SF and sits on a 1.68 acre lot with 80+ parking spaces. Here are some of the investment highlights:

ABSOLUTE NNN – There are no landlord financial or operational responsibilities during the term of the lease. The tenant pays for taxes, insurance and utilities directly, and performs all maintenance and facilities management as needed/required.

MARKET/LOCATION – The subject is located on Pooler Parkway, across the street from Publix, IHOP, Starbucks, Stadium Cinemas 12, and Dairy Queen. Chromatic Dragon is entrenched within the main retail artery that serves local residents, the commuter labor force, visitors and travelers flying in and out of Savannah/Hilton Head International Airport.

BUILDING IMPROVEMENTS – In October 2018, the tenant and landlord worked to revamp the building’s mechanical systems. Improvements included new HVAC, new water heater, electrical system, plumbing, fire suppression system and interior upgrades that combined to total more than $70,000. The improvements will provide the building with the capabilities needed to handle Chromatic Dragon’s operations efficiently and effectively.




Chromatic Dragon Lease Abstract Chromatic Dragon | 8

Lease Summary

Tenant

Personal Guaranty

Leased Area

Primary Term Expiration

Options

Chromatic Pooler LLC

Yes

4,812 SF

October 31, 2038~ 20 Years Remaining

1 option, 5 years

Annual Rent

Annual Increases

Lease Type

Financial Reporting

$160,368/year

2%/year

Absolute NNNNo Landlord Responsibilities

Yes


Tenant Profile

Chromatic Dragon

BrandLesseeStoresFoundedRevenue Per Hour/SeatSeats @ 400 Pooler Location

Chromatic DragonChromatic Pooler LLC

2 Locations2015

$3.32156

The Chromatic Dragon is a gamer pub that sells food and alcohol while patrons enjoy board games, video games and various other gaming activities that lie in between. The restaurant is not themed, but cultivates a growing and exciting new segment of customers. Chromatic Dragon’s original location has seen average monthly revenue grow 49%, 44% and 60% in the respective years between 2016 and 2018. The operators of Chromatic Dragon expect to see the same growth at Pooler, which is why they are were excited to lease the subject property.



Location Highlights

Population: Median HH Income:

Employees:

21,400$66,161 (29% higher than State; 18% higher than U.S.)10,514(13% more per person than State; 10% more than U.S.)

Savannah | Hilton Head International Airport

2016 Passengers:2017 YTD Passengers:2017 YOY % Change:Passenger Growth Rate:

2,190,4061,208,24313.12%8.1% Annually (2013-2016)

Chromatic Dragon is located in an area that has become a destination for the greater Savannah metro. The location is supported by its retail corridor, local residents, commuter labor force and travelers through Savannah/Hilton Head International Airport.

Retail Corridor

Pooler ParkwayNational+Regional Brands: Total Retail Space:VPD (2016):VPD Growth:

Langer Outlets (I-95)Total Retail Area:Stores:I-95 VPD (Feeds Pooler Pkwy):I-95 VPD Growth:

46~1,000,000 SF31,10070% increase from 2013 to 2016

420,000 SF9089,70026% increase from 2012 to 2016

Chromatic Dragon is part of a one mile stretch on Pooler Parkway that has experienced prolific retail development and investment, helping Pooler become the fastest growing city in Georgia.

Chromatic Dragon is a three mile drive to the airport terminals. The traveling and hospitality related population feeds into this retail + entertainment thoroughfare.

City of Pooler

Trade Area 60 Miles: 2016 Visitors:2016 Visitor Spending:Growth Rate:

Employees:Fortune 500 Employers:

886,000 people13.9M people$2.8B7.9% Annually (2013-2016)

416,00026

Savannah Metro

The greater Savannah Metro has become a destination for visitors, employers and employees alike. The Pooler Parkway corridor is helping in driving this growth.

Sources:VPD Data: Georgia Department of TransportationPassenger Data: Savannah Airport CommissionVisitor Data: Visit Savannah unit of Savannah Area Chamber of Commerce


Retail Corridor

90 Stores on 176 AcresSelect Brands:



Site Chromatic Dragon | 13


Aerial Chromatic Dragon | 14


Maps

To DT Savannah (12 Miles) Coastal Georgia



• Lease and all attachments• Existing title and supporting documents• Existing clean Phase I (12/17/2013)• Existing as-built survey• Current insurance certificates• Other supporting documents

Available upon accepted LOI

Additional Details Chromatic Dragon | 16


For additional information, please contact:

This information has been obtained from sources believed to be reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Poi [email protected] #01881091

Shaw [email protected] #01877121

Lic #02003026

Contact Chromatic Dragon | 17

chromatic dragon | pooler, ga (savannah msa) · 2019. 1. 2. · chromatic dragon is entrenched...

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