the shops at waterbury - loopnet€¦ · the allstate corporation is the 2nd largest personal lines...
TRANSCRIPT
THE SHOPS AT WATERBURY991 Waterbury Falls Drive, O’Fallon, MO
Table of Contents | 2 The Shops at Waterbury
Financial OverviewFinancial Overview……………………...4Rent Roll………………………………..5Tenant Profiles…………………………..6-10Site Plan…………………………………11
Investment OverviewInvestment Overview…………………….13Property Photos………………………….14-15Drone Photos……………………………16-20Market Aerial Photo...…………………...21Local & Regional Maps………………….22-23
Market OverviewSt. Louis Market Overview……………….25-27Demographics …………………..……….28-29
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
THE SHOPS AT
WATERBURY
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Financial Overview
FINANCIAL
OVERVIEW
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
991 Waterbury Falls Drive,O’Fallon, MO 63368
Financial Overview | 4
Price $7,400,000
Gross Leaseable Area (GLA) 46,266 SF
Price/ SF $159.94
Cap Rate 7.40%
Net Operating Income $547,658
Year Built/Renovated 2005
Lot Size 4.95 Acres
Type of Ownership Fee Simple
Expenses
Real Estate Taxes (2018 Estimate) $90,000
Insurance (2018 Estimate) $10,500
CAM (2018 Estimate) $29,115
Utilities $34,268
Management Fee of 4.00% $31,800
Total Expenses ($4.23/sf) $195,683
Current Income
Scheduled Gross Rent: $586,781
Tenant Reimbursements: $195,683
Scheduled Gross Income: $782,464
Vacancy: ($39,123) 5.00%
Effective Gross Income: $743,341
Expenses: ($195,683)
NET OPERATING INCOME $547,658 7.40%
Capital Reserves: ($.20) ($9,253)
Potential Loan Payments: ($360,798)
Pre-Tax Cash Flow: $177,607 9.60%
Plus Principal Reduction: $127,385
Total Return Before Taxes: $304,992 16.49%
Proposed Loan Terms
First Loan Amount: $5,550,000
Down Payment (25%): $1,850,000
Interest Rate: 4.25%
Amortization Schedule: 25 Years
Term: 5 Years
Debt Coverage Ratio: 1.52
Annual Payment (P&I): $360,797.58
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260485
Rent Roll | 5
Suite Tenant
Square
Footage
% of
Total
Lease
Start
Lease
Expiration
Monthly
Rent
Annual
Rent
Annual
PSF
Rent
Increase
Date
New
Rent
Annual
CTI &
Mgmt
Lease
Type
929-931 DaVita Dialysis 3,018 6.58% 09/01/09 08/31/19 $4,527.00 $54,324.00 $18.00 9/1/2018 $55,824.00 $12,872.37 NNN
933 AllState 1,500 3.27% 10/07/17 01/31/23 $1,500.00 $18,000.00 $12.00 $6,397.80 NNN
935 The Barker Agency 1,500 3.27% 08/26/15 12/31/20 $1,175.00 $14,100.00 $9.40 $6,397.80 NNN
939 Julius Monroe Salon 3,127 6.82% 03/21/13 07/31/18 $3,387.58 $40,650.96 $13.00 $13,337.27 NNN
941-943 Krishna Veni Foods 2,879 6.28% 01/18/17 05/31/22 $2,399.17 $28,790.04 $10.00 6/1/2018 $30,229.56 $12,279.50 NNN
945-949Flat Branch Home
Loans 4,545 9.91% 11/19/15 11/30/21 $4,734.38 $56,812.56 $12.50 $19,385.32 NNN
951Athletico Physical
Therapy 4,505 9.82% 05/26/06 02/29/20 $6,006.67 $72,080.04 $16.00 3/1/2018 $73,206.24 $19,214.72 NNN
957Back on Track
Veterinary Clinic 3,526 7.69% 05/14/15 11/30/20 $3,085.25 $37,023.00 $10.50 12/1/2018 $38,786.04 $15,039.09 NNN
967-971Faith Chapel
Assembly 6,294 13.72% 07/23/08 03/31/19 $6,294.00 $75,528.00 $12.00 $26,845.15 NNN
973-977Jose Penos
Mex Restaurant 4,500 9.81% 05/13/15 11/30/20 $3,750.00 $45,000.00 $10.00 12/1/2018 $49,500.00 $19,193.39 NNN
979 Sports Clips 1,500 3.27% 06/01/11 05/31/21 $1,687.50 $20,250.00 $13.50 $6,397.80 NNN
981 Jimmy John’s 1,500 3.27% 01/10/07 03/31/21 $2,125.00 $25,500.00 $17.00 4/1/2018 $26,250.00 $6,397.80 NNN
983Champion Martial
Arts 3,459 7.54% 09/16/15 04/30/22 $3,026.63 $36,319.56 $10.50 5/1/2018 $38,049.00 $14,753.32 NNN
991 Egg & I 4,026 8.78% 10/01/13 02/26/24 $5,200.25 $62,403.00 $15.50 $17,171.69 NNN
Sprinkler Room 387 0.84%
Current Totals: 46,266 100% $48,998 $586,781 $12.68 $195,683
Occupied 46,266 100% $48,898 $586,781 $12.68 $195,683
Vacant 0%
Rent InformationLease TermsTenant Information
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Tenant Profile | 6 The Shops at Waterbury
DaVita Inc., a Fortune 500® company, is the parent company of DaVita
Kidney Care and DaVita Medical Group. DaVita Kidney Care is a leading
provider of kidney care in the United States, delivering dialysis services to
patients with chronic kidney failure and end stage renal disease. DaVita
Kidney Care strives to improve patients' quality of life by innovating clinical
care, and by offering integrated treatment plans, personalized care teams
and convenient health-management services. As of June 30, 2017, DaVita
Kidney Care operated or provided administrative services at 2,445
outpatient dialysis centers located in the United States serving
approximately 194,600 patients. The company also operated 217
outpatient dialysis centers located in 11 countries outside the United
States.Headquarters: Denver, Colorado
No. of Locations: 2,662
Symbol: DVA (NYSE)
Website: www.davita.com
Square Footage: 3,018
Lease Commencement: September 1, 2009
Lease Expiration: August 31, 2019
The Allstate Corporation is the 2nd largest personal lines insurer in the
United States (behind State Farm), and is the largest insurer that is
publicly held. The company also has personal lines insurance operations
in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and
Co. and was spun off in 1993. The company has had its headquarters in
Northfield Township, Illinois (near Northbrook) since 1967. Currently
Allstate has over 10,000 Agency Owners and over 24,000 Licensed Sales
Professionals across the country to support more than 16 million
customers. Overall the company has over 43,050 employees and
continues to grow.
Headquarters: Northbrook, Illinois
No. of Employees: 43,050
Symbol: ALL (NYSE)
Website: www.allstate.com
Square Footage: 1,500
Lease Commencement: October 7, 2017
Lease Expiration: January 31, 2023
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Tenant Profile | 7 The Shops at Waterbury
Julius Monroe Salon & Spa is a popular spot for Jefferson City residents of
all ages to come in and experience any of their long list of spa and salon
services: skin care, waxing, massage, nail treatments, makeup, lashes and
brows, airbrush tan, cosmetic services, haircuts, hair coloring, hair styling
and hair enhancements. Jami Maine started the Julius Monroe Salon in
honor of her family, named after her great grandfather Julius Siemers and
her great uncle Monroe Colvin. Jami believes that family represents the
best life has to offer and that it is what binds us together, inspires us, and
give us meaning and purpose. All are welcomed to join the Julius Monroe
family.
Headquarters: Jefferson City, Missouri
No. of Locations: 1
Symbol: Private
Website: www.juliusmonroe.com
Square Footage: 3,127
Lease Commencement: March 21, 2013
Lease Expiration: July 31, 2018
Flat Branch Home Loans was created with the vision of making the best
mortgage company possible, focusing on doing things right, closing loans
on time, and hiring only the best people. Jim Yankee founded Flat Branch
with the expertise and well-rounded experience within the mortgage
industry to serve customers with a loan product that is cost-effective and
best fits each customer. Flat Branch now operates 20 locations, with 18 in
Missouri, 1 in Kansas, and 1 in Oklahoma. They offer a variety of
mortgage products including conventional loans, FHA loans, VA loans,
USDA loans and many others. They are a licensed Mortgage Banker with
in-house underwriting.
Headquarters: Jefferson City, Missouri
No. of Locations: 20
Symbol: Private
Website: www.flatbranchhomeloans.com
Square Footage: 4,545
Lease Commencement: November 18, 2015
Lease Expiration: November 30, 2021
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Tenant Profile | 8 The Shops at Waterbury
In 1991, founder Mark Kaufman opened the first Athletico center in
Chicago, Illinois. As a licensed physical therapist and certified athletic
trainer, Mark opened the first center with one employee and provided
services to two affiliations—Francis W. Parker High School and Chicago
Lions Rugby. Today, Athletico has facilities throughout Arizona, Illinois,
Indiana, Iowa, Kansas, Michigan, Missouri, South Dakota and Wisconsin,
and employs over 4,000 clinical and administrative staff. In 2014 Athletico,
Accelerated Rehabilitation Centers and PRORehab closed on a deal that
gave the combined companies a geographic footprint of 10 states and over
380 locations. They also partnered with Excel Physical Therapy and The
Work Center to combine companies in 2017.
Headquarters: Oak Brook, Illinois
No. of Locations: 380
Symbol: Private
Website: www.athletico.com
Square Footage: 4,505
Lease Commencement: May 26, 2006
Lease Expiration: February 29, 2020
Back on Track is a Veterinary Hospital and Rehabilitation Center in
O’Fallon, Missouri that partners with pet owners as advocates for their pets
in providing high-quality, ethical, and compassionate whole pet care to
enhance the human-animal bond and quality of life for both pets and their
owners. The full-service veterinary hospital serves the O’Fallon, St.
Peters, and St. Charles areas by offering wellness care, surgery,
acupuncture, physical rehabilitation and grooming for dogs and cats. Back
on Track’s experienced and compassionate practitioners also use low
stress handling techniques to make pets’ visits as fear-free as possible.
Headquarters: O’Fallon, Missouri
No. of Locations: 1
Symbol: Private
Website: www.backontrackvet.com
Square Footage: 3,526
Lease Commencement: May 14, 2015
Lease Expiration: November 30, 2020
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Tenant Profile | 9 The Shops at Waterbury
Prior to opening the prototype Sports Clips in 1993, Gordon Logan owned
and operated salons throughout Texas. He served as President of the
International SalonSpa Business Network (ISBN, the trade association for
chains and franchises representing over 20,000 salons) and remains on
the Board of Directors. In 2016, he was named the Entrepreneur of the
Year by the IFA. There are now over 1,700 locations in all 50 states, and
is viewed as one of the fastest growing franchises and is ranked the
number 1 haircare franchise.
Headquarters: Oak Brook, Illinois
No. of Locations: 1,700
Symbol: Private
Website: www.sportsclips.com
Square Footage: 1,500
Lease Commencement: June 1, 2011
Lease Expiration: May 31, 2021
Jimmy Johns was founded in 1983, in a garage in Charleston, Illinois by
Jimmy John Liautaud. Jimmy payed $200 a month in rent and could only
afford used equipment consisting of a refrigerator, chest freezer, an oven
and a meat slicer. The store was able to realize a profit in its first year of
business, despite the poor location of the store, due to Jimmy John’s
willingness to deliver his sandwhiches to the nearby dorms at Eastern
Illinois University, as well as his handing out of free samples for marketing
purposes. In 30 years, the company has grown to more than 2,500
locations in all states except Alaska, Hawaii, Connecticut, Maine, New
Hampshire, and Vermont. As of 2014, 98% of the locations are franchise-
owned.
Headquarters: Champaign, Illinois
No. of Locations: 2,630
Symbol: Private
Website: www.jimmyjohns.com
Square Footage: 1,500
Lease Commencement: January 10, 2007
Lease Expiration: March 31, 2021
Jimmy John’s
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Tenant Profile | 10 The Shops at Waterbury
Champion Martial Arts has been in business in St. Charles, Missouri since
July 1, 1995. There are currently almost 200 members enrolled within their
beautiful, new O’Fallon facility and continue to grow daily. Champion
attributes their growth and longevity to their commitment to excellence,
honor, and integrity. Their primary art for stand-up defense is Tae Kwon
Do, which is a Korean art focusing primarily on the kicking range.
However, they also train in the boxing, trapping and clinch range. They
teach practical, scenario-based self-defense primarily derived from Korean
Hapkido. Their ground defense concepts are from Sombo, Judo, Brizillian
Jiu-Jitsu and wrestling. Those at Champion believe in cross-training and
that no single art is superior.
Headquarters: O’Fallon, Missouri
No. of Locations: 1
Symbol: Private
Website: www.championmartialarts.com
Square Footage: 3,459
Lease Commencement: September 16, 2015
Lease Expiration: April 30, 2022
In 1987, Rayno and Patty Seaser wanted to create a daytime-only
restaurant based on the simple premise that what guests really want is
delicious food served by friendly people. The restaurant was born and first
opened in Fort Collins, Colorado, inspired by the 1940’s American memoir
written by Betty MacDonald. Today, their commitment remains the same.
Whether it’s roasting their vegetables in-house, slicing and juicing the
season’s freshest fruit or whipping up their French toast butter from
scratch. They take pride in the details. The coffee is brewed fresh and
everything is made to order, so you can have it exactly the way you like it.
Now there are 68 locations across the country, serving up goodness every
single day.
Headquarters: Denver, Colorado
No. of Locations: 68
Symbol: Private
Website: www.theeggandirestaurants.com
Square Footage: 4,026
Lease Commencement: October 1, 2013
Lease Expiration: February 26, 2024
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Site Plan | 11 The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Investment Overview
INVESTMENT
OVERVIEW
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Investment Overview | 13
Investment Highlights
Unique, High Quality Construction
Strategically-Located off Interstate 64, along Highway K with Exposure to more than 29,000 VPD
Positioned at a Signalized Intersection
O’Fallon is located within the St. Louis MSA
St. Louis is the 20th Largest MSA in United States with 2.8+ Million Residents
Located Adjacent to Citi Mortgage’s 518,000 square foot Progress Point Facility
5-Mile Population: 104,687 | 3-Mile Average HH Income: $109,027
Marcus & Millichap is pleased to present for your acquisition review The Shops atWaterbury.
The Shops at Waterbury are a 46,266 square foot shopping destination located at StateHighway K and Waterbury Falls Drive, adjacent to the 518,000 square foot CITI ProgressPoint facility from CitiMortgage. Highway K (29,477 vehicles per day) travels north/southpast The Shops, eventually feeding into I-64 less than one mile down the road. Interstate 64is a main, heavily trafficked thoroughfare that travels into St. Louis with more than 59,000vehicles per day.
The Plaza is strategically placed at a signalized intersection in the heart of St. Louis’ affluentbedroom community, offering a home to a successful blend of local, regional, and nationaltenants. A true standout, with its unique architectural appeal, The Shops at Waterbury havebeen successful in recruiting area tenants to relocate their businesses to the center. The Shopsat Waterbury are anchored by DaVita Dialysis, Sports Clips, Jimmy John’s, The Egg &I,Athletico Physical Therapy, and Allstate.
Future owners should rest easy knowing that single and multifamily development is boomingin the community; hundreds of apartment units are either approved or under construction inthe city. Beyond that, the center offers the best possible alternative for potential lessees withrents below market. Nearby is the West of the Progress West Hospital, Persimmon WoodsGolf Club, The Phoenix Group, Rawlings, multiple hotels, along with Mercedes Benz,Chevrolet, and Honda dealerships, providing plenty of mouths to feed.
Located in St. Louis' most populated suburb of O'Fallon, the site boasts excellentdemographics. There are 104,687 residents within a 5-mile radius of the property with anaverage household income of $109,027. This year, O’Fallon was named a top ten city to livein by two separate periodicals for their dedication to high-performing schools, safeneighbourhoods, and low unemployment. The city’s growing population and high averagehousehold income provide the ideal backdrop for The Shops at Waterbury.
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Property Photos | 14 The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Property Photos | 15 The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Drone Photos | 16 The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Drone Photos | 17 The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Drone Photos | 18 The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Drone Photos | 19 The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Drone Photos | 20 The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Market Aerial Photo | 21 The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Local Map | 22
The Shops at
Waterbury
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Regional Map | 23
The Shops at
Waterbury
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Market Overview
MARKET
OVERVIEW
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
St. Louis, MO | 25
OVERVIEW
ST. LOUIS
The St. Louis metro encompasses the city of St. Louis; the Missouri
counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren
and Washington; and the Illinois counties of Madison, St. Clair,
Macoupin, Clinton, Monroe, Jersey, Bond and Calhoun. The metro is
near the geographic center of the United States, within 500 miles of
one-third of the U.S. population, and has more than 2.8 million
residents. St. Louis is the most populous county with 1 million people.
The city of St. Louis, which is located at the confluence of the
Mississippi and Missouri rivers, is the only city in the metro with a
population of more than 300,000 citizens.
METRO HIGHLIGHTS
CENTRAL LOCATION
The central U.S. location and Mississippi River
accessibility allow for fast access to markets both
domestically and internationally.
EXCELLENT TRANSPORTATION SYSTEM
The St. Louis metro has extensive freight, rail and
sea transportation systems, providing shipping and
distribution of goods worldwide.
AFFORDABLE COST OF LIVING
Home prices are well below other large markets in
Midwestern states and the U.S. overall.
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
St. Louis, MO | 26
ECONOMY St. Louis is highly ranked for its logistics infrastructure, bolstered by its central
geographic location and easy access to major waterways. It is a significant inland port.
The region is emerging as a large financial services center, with Jones Financial locally
headquartered and Reinsurance Group-America as a major employer in the area.
Government entities pursue business development and provide resources for startups,
along with incubators with guidance and inexpensive office and lab space.
SHARE OF 2016 TOTAL EMPLOYMENT
MANUFACTURING GOVERNMENT
HEALTH SERVICES
EDUCATION AND
+
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
OTHER SERVICES AND UTILITIES
TRADE, TRANSPORTATION INFORMATION
8% 16% 6%12% 12%
4%19% 2%5% 18%
MAJOR AREA EMPLOYERS
BJC Healthcare
The Boeing Co.
Scott Air Force Base
Washington University in St. Louis
Wal-Mart
SSM Healthcare
St. Louis University
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
St. Louis, MO | 27
The metro is expected to add nearly 80,000 people through 2021,
which will result in the formation of approximately 40,000
households.
A median home price below the national level has produced a
homeownership rate of 70 percent, which is well above the national
rate of 64 percent.
Roughly 31 percent of people age 25 and older hold bachelor’s
degrees; among those residents, 12 percent also have earned a
graduate or professional degree.
DEMOGRAPHICS
2016 Population by Age
0-4 YEARS
6%5-19 YEARS
19%20-24 YEARS
7%25-44 YEARS
26%45-64 YEARS
28%65+ YEARS15%
The metro boasts numerous public and private golf courses, more than 100 parks, 200 miles of trails and
the Gateway Arch. Many of St. Louis’ premier attractions, including the St. Louis Zoo, the St. Louis Art
Museum, the Missouri History Museum and the Municipal Opera, are located in Forest Park. The park
features golf courses and athletic fields. For sports fans, the area houses the St. Louis Cardinals, St. Louis
Rams and the St. Louis Blues. Nearby is the Lake of the Ozarks, offering destinations for hunting, fishing,
camping, hiking and spelunking. There are more than 40 colleges, universities and technical schools in the
metro, enrolling around 200,000 students a year.
QUALITY OF LIFE
38.9
2016MEDIAN AGE:
U.S. Median:
37.7
$56,700
2016 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$57,200
2.8M
2016POPULATION:
Growth2016-2021*:
2.7%
1.1M
2016HOUSEHOLDS:
3.2%
Growth2016-2021*:
SPORTS
ARTS & ENTERTAINMENT
EDUCATION
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Demographic Summary | 28
The current year racial makeup of your selected area is asfollows: 89.03% White, 4.32% Black, 0.03% Native Americanand 3.52% Asian/Pacific Islander. Compare these to USaverages which are: 70.77% White, 12.80% Black, 0.19%Native American and 5.36% Asian/Pacific Islander. People ofHispanic origin are counted independently of race.
People of Hispanic origin make up 2.72% of the current yearpopulation in your selected area. Compare this to the USaverage of 17.65%.
Race and Ethnicity
EmploymentIn 2016, there are 64,738 employees in your selected area, this isalso known as the daytime population. The 2000 Census revealedthat 67.60% of employees are employed in white-collaroccupations in this geography, and 32.39% are employed inblue-collar occupations. In 2016, unemployment in this area is4.58%. In 2000, the average time traveled to work was 28.00minutes.
PopulationIn 2016, the population in your selected geography is 115,895.The population has changed by 42.35% since 2000. It isestimated that the population in your area will be 127,376.00five years from now, which represents a change of 9.91% fromthe current year. The current population is 49.15% male and50.85% female. The median age of the population in your areais 37.82, compare this to the US average which is 37.68. Thepopulation density in your area is 1,473.86 people per squaremile.
HouseholdsThere are currently 39,935 households in your selectedgeography. The number of households has changed by 53.70%since 2000. It is estimated that the number of households inyour area will be 44,409 five years from now, which represents achange of 11.20% from the current year. The average householdsize in your area is 2.88 persons.
IncomeIn 2016, the median household income for your selectedgeography is $86,886, compare this to the US average which iscurrently $54,505. The median household income for your areahas changed by 32.35% since 2000. It is estimated that themedian household income in your area will be $102,923 fiveyears from now, which represents a change of 18.46% from thecurrent year.
The current year per capita income in your area is $36,142,compare this to the US average, which is $29,962. The currentyear average household income in your area is $104,763,compare this to the US average which is $78,425.
The Shops at Waterbury
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485
Demographic Report | 29 The Shops at WaterburyPOPULATION 1 Miles 5 Miles 10 Miles
2021 Projection
Total Population 8,531 127,376 370,473
2016 Estimate
Total Population 7,265 115,895 343,661
2010 Census
Total Population 6,785 107,321 322,286
2000 Census
Total Population 4,553 81,413 264,991
Current Daytime Population
2016 Estimate 7,550 91,552 309,847
HOUSEHOLDS 1 Miles 5 Miles 10 Miles
2021 Projection
Total Households 3,008 44,409 138,222
2016 Estimate
Total Households 2,520 39,935 127,162
Average (Mean) Household Size 2.86 2.88 2.69
2010 Census
Total Households 2,353 36,907 119,076
2000 Census
Total Households 1,465 25,982 92,432
Occupied Units
2021 Projection 3,008 44,409 138,222
2016 Estimate 2,598 41,280 132,212
HOUSEHOLDS BY INCOME 1 Miles 5 Miles 10 Miles
2016 Estimate
$150,000 or More 20.44% 15.97% 16.05%
$100,000 - $149,000 25.68% 23.94% 21.50%
$75,000 - $99,999 20.88% 19.62% 17.65%
$50,000 - $74,999 15.81% 18.25% 18.36%
$35,000 - $49,999 6.17% 9.33% 10.62%
Under $35,000 11.00% 12.88% 15.83%
Average Household Income $118,231 $104,763 $104,611
Median Household Income $95,111 $86,886 $82,128
Per Capita Income $41,024 $36,142 $38,764
HOUSEHOLDS BY EXPENDITURE 1 Miles 5 Miles 10 Miles
Total Average Household Retail Expenditure
$75,942 $73,634 $71,109
Consumer Expenditure Top 10 Categories
Housing $20,208 $19,419 $18,856
Transportation $13,088 $12,665 $12,207
Shelter $10,671 $10,203 $9,979
Food $8,660 $8,363 $8,063
Personal Insurance and Pensions $7,944 $7,262 $6,757
Health Care $6,025 $6,029 $5,965
Utilities $4,750 $4,647 $4,538
Entertainment $3,596 $3,419 $3,299
Household Furnishings and Equipment
$2,630 $2,485 $2,322
Cash Contributions $2,045 $2,209 $2,174
POPULATION PROFILE 1 Miles 5 Miles 10 Miles
Population By Age
2016 Estimate Total Population 7,265 115,895 343,661
Under 20 31.53% 29.98% 27.02%
20 to 34 Years 16.53% 16.25% 17.58%
35 to 39 Years 6.58% 6.92% 6.28%
40 to 49 Years 16.42% 15.70% 14.15%
50 to 64 Years 20.42% 20.00% 21.65%
Age 65+ 8.52% 11.18% 13.32%
Median Age 36.55 37.82 39.32
Population 25+ by Education Level
2016 Estimate Population Age 25+ 4,555 74,971 231,683
Elementary (0-8) 0.40% 0.68% 1.17%
Some High School (9-11) 2.34% 3.82% 3.95%
High School Graduate (12) 18.45% 23.07% 23.16%
Some College (13-15) 22.18% 22.87% 21.89%
Associate Degree Only 6.83% 9.17% 8.33%
Bachelors Degree Only 29.86% 26.09% 26.49%
Graduate Degree 19.32% 13.98% 14.59%
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has
Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any
information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing
Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this
Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased
property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the
property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the
property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including
newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not
guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to
market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value
of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be
able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your
investigation and/or purchase of this net leased property.
NET LEASED DISCLAIMER
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended
to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus &
Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
NON-ENDORSEMENT NOTICE
CONFIDENTIALITY & DISCLAIMER
The 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 prepare 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 herein, not has Marcus &
Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers
must take appropriate measures to verify all of the information set forth herein.
Presented By:
OFFICES NATIONWIDE
www.marcusmillichap.com
exclusive offering