net leased investment opportunity · 2017-07-14 · actual site 931 blairs ferry road ne cedar...

Actual Site

931 Blairs Ferry Road NECedar Rapids, IA 52402

JULES B. HOCHMAN [email protected]

JUSTIN BROCKMAN [email protected]

BRIAN ROSTECKSkogman Real ty Broker of [email protected]

NET LEASED INVESTMENT OPPORTUNITY

TA B L E O F C O N T E N T S

Company/Tenant Overview

Property Overview

Investment and Tenant Highlights

Area Overview

Area Demographics

Site Plan

Investment Analysis

Actual Property Photo

Natural Grocers by Vitamin Cottage is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements

Providing high-quality products at affordable prices, exceptional customer service, nutrition education and community outreach

Not approving for sale grocery products that are known to contain artificial colors, flavors, preservatives, sweeteners or partially hydrogenated or hydrogenated oils and selling only USDA certified organic produce

Industry-leading dairy standards, requiring that all dairy products be sourced from pasture-raised, non-confinement dairies

Enhancing customers’ shopping experience by providing free science-based nutrition education to help customers make well-informed health and nutrition choices

Stores range from 5,000 to 16,000 square feet; new store prototype averages approximately 15,000 square feet

• Approximately one quarter of a store’s selling square footage is dedicated to dietary supplements

• Approximately 21,000 SKUs of natural and organic products per comparable store, including approximately 6,500 SKUs of dietary supplements

19 STATES

+16 ADDITIONAL STORES PLANNED TO OPEN IN 2017 AND BEYOND

STORES IN1353

C O M PA N Y O V E R V I E W


Year Built: 2016Building Type: FreestandingGross Leasable Area (GLA): 15,000 SFParking: 92 Stalls Including 4 Handicap SpacesBuilding Size: 15,000 SFGuaranty: Full Corporate

PROPERTY DESCRIPTION

PROPERTY HIGHLIGHTS• Absolute Triple-Net (NNN) 15 Year Lease (Reference Lease)

• Immediate Proximity to Higher Income Rooftops, Employment, Regional Centers, and Highways

• Brand New Construction with Ample Parking Serving the Property

• Corporate Guaranteed Lease with Full Corporate Guarantee by Natural Grocers by Vitamin Cottage (NYSE: NGVC)

• Tenant Occupies the Top Monument Sign Position on Both Monument Signs Measuring 30 Feet and 20 Feet Respectively

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P R O P E RT Y O V E R V I E W

Newly constructed store with a 15-year corporate lease that has four (4), five (5) year options to extend

Strategically located organic grocery store with robust demographics and long term lease

An investor will recapture approximately 100% of their initial investment by the end of the primary term of the lease in cash flow

Experienced and committed management team with proven track record

Focus on improved operating margins

Opened a new bulk food repackaging facility and distribution center in fiscal 2012

Location is caddy-corner to Target

Top Marquee Billing on both Shopping Center Signs

Full Movement Access to Both Arterials

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I N V E S T M E N T A N D T E N A N T H I G H L I G H T S

CBD

METRO HIGH SCHOOLJEFFERSON

HIGH SCHOOL

MT. MERCY UNIVERSITY

WASHINGTONHIGH

SCHOOL

MARIONHIGH

SCHOOL

KENNEDYHIGH

SCHOOL

XAVIERHIGH

SCHOOL S I T E

CEDAR RAPIDS, IOWA

Cedar Rapids is the second largest city in Iowa and the county seat of Linn County.

A flourishing center for arts and culture in Eastern Iowa, the city is home to the Cedar Rapids Museum of Art, the National Czech & Slovak Museum & Library, the Paramount Theatre, Orchestra Iowa, Theatre Cedar Rapids, the African-American Historical Museum and Cultural Center of Iowa, the Iowa Cultural Corridor Alliance. Cedar Rapids is an economic hub of the state, located in the core of the Interstate 380. As of the 2014 United States Census, the city population was 129,195

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AREA

OVERVIEW

POPULATIONIN A 5 MILE

RADIUS

HOUSEHOLDSIN A 5 MILE

RADIUS

AVG HH INCOMEIN A 5 MILE

RADIUS

56,769 $77,667 133,821

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A R E A D E M O G R A P H I C S

RO

CK

WE

LL

DR

IVE

BLAIRS FERRY ROAD NE (45K VPD)

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S I T E P L A N

27,000 SF(Not a Part)



15,000 SF

MONUMENTSIGNAGE (30’ Feet Tall)

SIDE VIEW

NIGHT ILLUMINATION

MONUMENTSIGNAGE (20’ Feet Tall)

DESIGN #: VER.#:

DATE: DRAWN BY:

SALES:

JOB:

LOCATION:

DESIGN APPROVED BY:

DATE:

THIS ORIGINAL COPYRIGHT DRAWING IS CREATED FOR YOUR PERSONAL USE IN CONNECTION WITH PLANNED DISPLAY BY NESPER SIGN ADVERTISING, INC. IT IS NOT TO BE SHOWN TO ANYONE OUTSIDE YOUR FIRM. NOR IS IT TO BE REPRODUCED, COPIED, OR EXHIBITED IN ANY FASHION. COLORS REPRESENTED ON THIS PRINT MAY NOT MATCH THE PMS CHIP, VINYL COLOR OR PAINT COLORS EXACTLY. IT IS TO BE VIEWED AS A REPRESENTATION ONLY. OWNER TO CARRY LIABILITY INSURANCE AND OTHER NECESSARY INSURANCE ON THE ABOVE WORK UPON ACCEPTANCE. THE ACCEPTING PARTY ACKNOWLEDGES RESPONSIBILITY TO THE TERMS AND CONDITIONS OF THIS AGREEMENT.

4620 J STREET SW CEDAR RAPIDS IA 52404 / 1-800-332-8403 / WWW.NESPERSIGN.COM

JOB DESCRIPTION:

PM-428B 4

3-10-16

PAT McALLISTER

WATER ROCK

SEK

931 BLAIRS FERRY RD NE

CEDAR RAPIDS, IA

FABRICATE AND INSTALL (1) D/F ILLUMINATED MULTI-TENANT MONUMENT SIGN

.080 ALUMINUM OVER ANGLE IRON FRAME PAINTED SATIN BARK 70YR 09/086

D/F ILLUMINATED ANGLE IRON FRAME CABINET

PAINT: SATIN BROWN BAG 10YY 35/196FACE: ROUTED .080 ALUMINUMBACKING: PLEXGRAPHICS: TRANS. VINYLILLUMINATION: LED LIGHT SYSTEM

TYPICAL 2” REVEAL PAINTED SATIN BARK 70YR 09/086

.080 ALUMINUM OVER ANGLE IRON FRAME PAINTED SATIN BROWN BAG 10YY 35/196

(2) S/F ILLUMINATED SMALL A ABC CABINETSPAINT: SATIN BARK 70YR 09/086FACES: LEXANRETAINERS: 1¾”GRAPHICS: TRANS. VINYLILLUMINATION: LED LIGHT SYSTEM

3/4” CONCRETE HARDIE BOARD LAP SIDING TO MATCH NATURAL GROCER’S FASCIA AGAP PAINTED SATIN BARK 70YR 09/086

- POWER SUPPLY BY OTHERS- BRICK AND MASONRY WORK BY OTHERS TO MATCH BRICK COLUMNS AT ROCK TOP- CUSTOMERS TO SUPPLY LOGO IN VECTOR FORMAT & PANTONE COLORS (ILLUSTRATOR CS5 OR EARLIER, EPS, PDF)

SIGN 2

1

2

3

4

5

6

6

AXEL’S

ALL TUNE & LUBE

ALL TUNE & LUBE

MIRACLEEAR

MIRACLEEAR

STARNAILS

STARNAILS

AXEL’S

Price $6,336,585CAP Rate - Current 6.15%Type of Ownership Fee Simple

INVESTMENT SUMMARY

Tenant Natural Grocers by Vitamin CottageOwnership Public / NYSE: NGVCTenant Headquarters 12612 W. Alameda Parkway

Lakewood, CO 80228

TENANT OVERVIEW

Lease Commencement April 22, 2016Rent Commencement December 1, 2016Lease Expiration March 31, 2032Term Remaining on Lease 177 Months OR 14 Years, 9 MonthsOriginal Lease Term 15 Years and 4 MonthsRental Increases YesOptions to Renew Four, 5-Year Options

LEASE TERMS OVERVIEW

CAP Rate 6.15%

VALUE INDICATORS

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I N V E S T M E N T A N A LY S I S

D I S C L A I M E RThis confidential Offering Memorandum, has been prepared by Pinnacle Real Estate Advisors, LLC (“Pinnacle REA”) for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Pinnacle REA recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property described herein as 931 Blairs Ferry Road NE located in Cedar Rapids, IA (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided by Pinnacle REA or its brokers.

Pinnacle REA makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Pinnacle REA has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Pinnacle REA and the Owner of the Property. Pinnacle Real Estate Advisors make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum is not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Pinnacle REA and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further, Pinnacle REA and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Pinnacle REA shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.

This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization of Pinnacle REA. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Pinnacle REA at your earliest convenience.

Actual Site10


JULES B. HOCHMAN [email protected]

JUSTIN BROCKMAN [email protected]

Actual Site

NET LEASED INVESTMENT OPPORTUNITY

BRIAN ROSTECKSkogman Real ty Broker of [email protected]

net leased investment opportunity · 2017-07-14 · actual site 931 blairs ferry road ne cedar...

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