net leased investment opportunity: ±6,424 sf (single ...€¦ · net leased investment...
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Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)1710 W. Riverstone DriveCoeur d’Alene, Idaho 83814
$3,400,000 Offering PriceApproximate 6% Capitalization Rate
Strong Single Tenancy
No warranty or representation, expressed or implied, is made by Kiemle Hagood, its agents or its employees as to the accuracy of the Information contained herein. All information furnished is from sources deemed reliable and submitted subject to errors, omissions, change of terms and conditions, prior sale, lease or financing, or withdrawal without notice. No one should rely solely on the above information, but instead should conduct their own investigation to independently satisfy themselves.
Site/Floor Plans
Non-Disclosure / Confidentiality
Market Overview
Executive Summary
Financial Analysis
Location
Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
Address: 1710 W. Riverstone Dr., Coeur d’Alene, Idaho 83814
Parcel #: CJ4880010050 (AIN # 309472)
Building Type: Restaurant (Business not included; Bardenay Restaurant and Distillery)
Zoning: C-17, City of Coeur d’Alene
Year Built: 2007
Building Area: 6,424 SF (gross building area, per county assessor)
Occupancy: 100%
Offering Price: $3,400,000
Cap Rate: 6% Overall Capitalization Rate
Executive Summary Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
Executive Summary Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
Bardenay Restaurant & Distillery has three locations across Idaho(Coeur d Alene, Boise and Eagle). Coeur d Alene opened June of 2007 along the Riverstone Pond in Riverstone Park. Bardenay is a full-service restaurant and bar serving lunch and dinner. Bardenay has a strong emphasis on their beverage program that extends far beyond what they make in their distilleries with claim to be the Nations first restaurant distillery and bar selling liquor handcrafted on-site.
Location Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
Lake Coeur d’Alene
Coeur d’Alene Resort
Site: 1710 W. Riverstone Dr.
Location
The Northwest
CDA to Seattle331 Miles
CDA to Portland384 Miles
CDA to Spokane34 Miles
CDA to Spokane Valley28 Miles
CDA to Post Falls10 Miles
CDA to Sandpoint46 Miles
CDA to Boise379 Miles
CDA to Missoula165 Miles
Coeur d’Alene (CDA) Distance to
1710 W. Riverstone Dr.
Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
Site Plan
Patio
Floor Plan
Market Overview
Workforce
Largest Employers Kootenai CountyKOOTENAI HEALTH 2,717COEUR D’ALENE PUBLIC SCHOOLS No. 271 1,194COEUR D’ALENE CASINO RESORT HOTEL 843WALMART 862KOOTENAI COUNTY 737US BANK 679HAGADONE HOSPITALITY CORPORATION 662NORTH IDAHO COLLEGE 562POST FALLS SCHOOL DISTRICT No. 273 526QUALFON, INC 521LAKELAND SCHOOL DISTRICT No 272 472CITY OF COEUR D’ALENE 399ESTERLINE INTERFACE TECHNOLOGIES 322BUCK KNIVES 300RAYCAP, INC 221CPM DEVELOPMENT CORP & SUBSIDIARIES 210THE SALVATION ARMY RAY & JOAN KROC CORPS COMMUNITY CENTER 200CITY OF POST FALLS 183CASCADIA CUSTOM MOLDING 140MANITO SUPER 1 FOODS INC 139
Data Source: Spokane Journal of Business – 2019 Book of Lists
1315
18
455860 91 105
154
238
240
244
340
376456
501
593
686
Mining
Utilities
Management of companies
Agriculture, Forestry, Fishing, Hunting
Educational Services
Information
Arts, entertainment and recreation
Transportation
Wholesale Trade
Real Estate
Adminstrative support, wastemanagement, remediation services
Manufacturing
Other services
Accomodation and food services
Professional, scientific and technical
Health care and social assistance
Retail Trade
Construction
Breakdown of Kootenai County Industry
Number of Establishments
Data Source: US Census Bureau
Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
Market Overview
Population
Data Source: Spokane Journal of Business
Population Changes in Idaho Counties
138,494
40,877 39,265
12,765
157,637
43,560 40,385
12,542
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
Kootenai Bonner Nez Perce Shoshone
2010 2017
44,137
27,574
13,294 23,800
31,894
50,665
33,290
14,630
25,146 32,820
-
50,000
100,000
150,000
200,000
Coeur d'Alene Post Falls Hayden Moscow Lewiston
2010 2017
Population Changes in Idaho Cities
13.8% Change
14.8% Change
Population Changes in Idaho Counties
Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
Market Overview
Data Source: US Census Bureau & Regis Pro
15 Minutes 30 Minutes 60 Minutes
Estimated Population (2019) 104,648 219,710 671,534Estimated Population (2024) 120,019 247,100 739,433Census Population (2010) 89,549 186,296 608,896Median Age (2019) 38.0 38.4 38.1Median Household Income (2019) $57,826 $62,370 $62,183Average Household Income (2018) $67,279 $72,685 $74,373Number of Households 43,923 91,191 280,640
Spokane, Washington / Coeur d’Alene, Idaho Combined Counties - MSA Area
731,3722019 Estimated Population
Drive Time Demographics
Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
Market Overview
Commercial Real Estate Market
6.7%
9.4%
8.1%
1.9%2.4%
0%
2%
4%
6%
8%
10%
12%
Coeur d'Alene Post Falls Rathdrum Hayden DaltonGardens
Retail Market Vacancy2018
Overall Retail Market
Vacancy: 6.7%Total Inventory: 7,842,998 SF
Total Vacant Inventory: 526,150 SF
2.9% 2.8%
4.6%
2.5%
0.0%0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
Coeur d'Alene Post Falls Rathdrum Hayden DaltonGardens
Industrial Market Vacancy2018
Overall Industrial Market Vacancy: 2.8%Total Inventory: 6,705,781 SFTotal Vacant Inventory: 189,785 SF
Overall Office Market Vacancy: 5.3%Total Inventory:
4,038,762 SFTotal Vacant Inventory:
214,009 SF
Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
4.8%
8.1%
0.0%
5.8%
0.0%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Coeur d'Alene Post Falls Rathdrum Hayden Dalton Gardens
Office Market Vacancy2018
Non Disclosure / Confidentiality
For the purposes of evaluating acquisition of 1710 W Riverstone Dr., you have been (or will be) provided with confidential information. Thisinformation is provided with the understanding that you agree to treat any and all information concerning the Property or Ownership, whetherprepared by Owner, Advisor, or otherwise, confidentially and in accordance with the following:
• Property Information does not purport to be all-inclusive or to necessarily contain all the information that a prospective purchaser may desire ininvestigating the Property.
• Property Information has been prepared for informational purposes relating to this transaction only and upon the express understanding that it willbe used for only said purpose.
• No information supplied may be used to the detriment of Owner, nor may any of the supplied information be used directly or indirectly by current orprospective competitors of the Owner, its respective officers, employees and representatives.
• Any projections or similar materials should be considered hypothetical only and no assurances can be given as to the accuracy of assumptions or thepredictability of any given result.
• Information provided by third party sources and included herein shall be verified by Buyer.
• Any purchase should be based on the purchaser’s owner investigations and not upon information contained herein. Neither Owner nor Broker makeany express or implied representations or warranties as to the accuracy of completeness of the Property Information provided.
• Should the supplied information provided through Kiemle Hagood produce a Letter of Intent, leading to an offer to purchase, you agree towork through Kiemle Hagood as broker.
Net Leased Investment Opportunity:±6,424 SF (Single Tenant Investment)
1710 W Riverstone Dr., Coeur d’Alene, Idaho 83814
ContactInformation
Founded in 1971, Kiemle Hagood is recognized as the Inland Northwest’s leader in commercial real estate and property management services. Kiemle Hagood currently manages over seven million square feet of space and provides service expertise in sales and leasing, facility management, development and consulting and tenant representation.
kiemlehagood.com
Spokane | (509) 838-6541Coeur d’Alene | (208) 770-2590Tri-Cities | (509) 783-7663Missoula | (406) 552-4568
Pat EberlinCommercial Sales & [email protected] | (208) 215-1375
Exclusively Offered By:
Casey BrazilVice President / Director of [email protected] | (509) 755-7579
No warranty or representation, expressed or implied, is made by Kiemle Hagood, its agents or its employees as to the accuracy of the Information contained herein. All information furnished is from sources deemed reliable and submitted subject
to errors, omissions, change of terms and conditions, prior sale, lease or financing, or withdrawal without notice. No one should rely solely on the above information, but instead should conduct their own investigation to independently satisfy themselves.
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