layton main street retail center - loopnet€¦ · spencer insurance agency gross 865 sf 15.4%...
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L A Y T O N M A I N S T R E E T R E T A I L C E N T E R
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PRESENTED BY:
BRETT JONESA s s o c i a t e
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VITAL DATA
Price $915,000
Price/SF $162.81
CAP Rate 7.44%
Proforma NOI $68,119
Occupancy 88%
Year Built 2006
Building Size 5,620 SF
Lot Size 0.48 Acres / 20,909 SF
TENANT LEASE TYPE GLA % OF GLA ANNUAL RENT RENT/SF LEASE START LEASE END
Black Halo Salon & Spa Modified Gross 2,810 SF 50.0% $51,000 $18.15 May 2017 Dec 2019
Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019
Capital Partners, LLC Gross 622 SF 11.1% $10,200 $16.40 Jan 2018 Dec 2019
Innovative Business Concepts Gross 648 SF 11.5% $9,900 $15.28 June 2018 June 2020
Vacant N/A 675 SF 12.0% $10,320 $15.29 N/A N/A
E X E C U T I V E S U M M A R Y
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O F F E R I N G H I G H L I G H T S
R E N T R O L L
O F F E R I N G P R I C E
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I N V E S T M E N T O V E R V I E W
The Layton Main Street Reta i l Center is a mult i - tenant reta i l bui ld ing located r ight on
Main Street in Layton, Utah. The 5,620 SF bui ld ing s i ts on a 0.48 acre (20,909 SF) lot .
The bui ld ing contains f ive sui tes wi th the current tenants being Black Halo Salon &
Spa, Spencer Insurance Agency (Al ls tate) , Innovat ive Business Concepts, and Capi ta l
Partners, wi th one sui te current ly vacant. Nearby reta i l tenants include Dairy Queen,
Safe Si te Storage, and Camping Wor ld.
Layton, UT is located on the Southern end of the Ogden-Clearf ie ld Metropol i tan area
in Davis County. The c i ty hosts a populat ion of 3,885 people per square mi le wi th a
median household income of $69,396.
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L A Y T O N M A I N S T R E E T R E T A I L C E N T E R
POPULATION 1 MILE 3 MILES 5 MILES
2022 ProjectionTotal Population
13,016 80,827 159,306
2017 EstimateTotal Population
12,229 76,407 148,128
2010 CensusTotal Population
10,495 66,575 130,130
2000 CensusTotal Population
8,512 55,758 103,715
Current Daytime PopulationsTotal Population
10,552 68,225 140,237
HOUSEHOLDS 1 MILE 3 MILES 5 MILES
2022 ProjectionTotal Households
3,973 24,422 48,755
2017 EstimateTotal Households Average (Mean) Household Size
3,6533.28
22,6573.32
44,4583.25
2010 CensusTotal Households
3,151 19,894 39,117
2000 CensusTotal Households
2,471 16,216 30,161
Occupied Units2022 Projection 2017 Projection
3,9733,672
24,42222,927
48,75545,406
POPULATION PROFILE 1 MILE 3 MILES 5 MILES
Population By Age
2017 Estimate Total Population 12,229 76,407 148,128
Under 20 38.14% 36.32% 36.48%
20 to 34 years 21.09% 19.88% 21.39%
35 to 39 years 7.54% 7.41% 7.67%
40 to 49 years 12.52% 12.10% 11.79%
50 to 64 years 13.69% 15.47% 14.66%
Age 65+ 7.05% 8.82% 8.02%
Median Age 29.02 30.58 29.66
Population 25+ by Education Level
2017 Estimate Population Age 25+ 6,784 43,609 83,275
Elementary (0-8) 1.81% 0.84% 0.85%
Some High School (9-11) 5.63% 3.55% 3.47%
High School Graduate (12) 19.14% 18.61% 19.98%
Some College (13-15) 26.96% 27.87% 27.71%
Associate Degree Only 9.87% 10.37% 10.75%
Bachelors Degree Only 25.99% 27.22% 25.59%
Graduate Degree 9.85% 11.34% 11.30%
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES
2017 Estimate
$150,000 Or More 9.85% 12.39% 11.96%
$100,000 - $149,999 18.14% 20.94% 20.28%
$75,000 - $99,999 17.99% 18.32% 18.51%
$50,000 - $74,999 23.13% 21.02% 20.91%
$35,000 - 49,999 9.69% 10.42% 1.75%
Under $35,000 21.21% 16.91% 17.58%
Average Household Income $83,317 $94,713 $93,720
Median Household Income $69,396 $77,114 $75,959
Per Capita Income $24,918 $28,091 $28,265
HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILES
Total Average Household Retail Expenditure $78,673 $82,725 $81,666
Consumer Expenditure Top 10 Categories
Housing $17,677 $18,459 $18,233
Transportation $12,259 $13,155 $12,918
Shelter $10,499 $10,922 $10,783
Personal Insurance & Pensions $7,886 &8,575 $8,503
Food $7,826 $8,147 $8,097
Cash Contributions $5,559 $6,142 $6,032
Health Care $5,454 $6,035 $5,899
Entertainment $4,407 $4,823 $4,755
Utilities $3,511 $3,693 $3,641
Apparel $2,026 $2,145 $2,126
Source:© 2017 Experian
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Optimum financing solutions to enhance value
Our ability to enhance buyer pool by expanding finance options
Our ability to enhance seller control
• Through buyer qualification support
• Our ability to manage buyers finance expectations
• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings
• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file
WHY MMCC?
Optimum financing solutions to enhance value
Our ability to enhance buyer pool by expanding finance options
Our ability to enhance seller control
• Through buyer qualification support
• Our ability to manage buyers finance expectations
• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings
• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file
WHY MMCC?
National Platform Operating
Within the Firm’s Brokerage Offices
$5.63 Billion Total National
Volume in 2017
Access to More Capital Sources Than Any Other
Firm in the Industry
Closed 1,707 Debt & Equity
Financings in 2017
MARCUS & MILLICHAP CAPITAL CORPORATION
CAPABILITIESMMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital
market expertise, precisely managed execution, and unparalleled access to capital sources providing the
most competitive rates and terms.
We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity
funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing
options.
Our dedicated, knowledgeable experts understand the challenges of financing and work tirelessly to resolve
all potential issues to the benefit of our clients.
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0 1 YO U R LO C A L A G E N TS ► Specialists in product type and geographic location
► Creates buyer competition to maximize price and increase probability of a successful closing
► Access to information sharing throughout the largest network of investment professionals in the U.S. and Canada as part of our collaborative culture
► Proactively promotes your property to local, regional, and national Marcus & Millichap professionals
0 2 T H E M A R C U S & M I L L I C H A P A DVA N TA G E ► Largest database of qualified investors in the industry
► Unparalleled access to potential buyers, including one of the largest databases of 1031 exchange buyers
► More than 1,700 investment professionals working collaboratively to achieve client results
0 3 A H I STO RY O F C L I E N T R E S U LTS ► Repeat clients
► Decades worth of experience
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COMMERCIALREAL ESTATEINVESTMENTSERVICESFIRM IN THE
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N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C ECONFIDENTIALITY & DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by
the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of
Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to
establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the
income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the
property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal
regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s
plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained
from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained
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© 2017 Marcus & Millichap. All rights reserved.
NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this
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B R E T T J O N E SAssociateSalt Lake City OfficeCell 801.631.9540Office [email protected] UT 9761802-SA00
T O D J O N E SSenior AssociateSalt Lake City OfficeCell 801.633.4050Office [email protected] UT 5450617-SA00
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