10-year firm term lease - largest franchisee in systempad to major power center2599 NW Arterial, Dubuque, IA 52002

verizon

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Listing Team Contact Info

BRAND NEW VERIZON IN DUBUQUE, IOWA. IMMEDIATE AREA RETAILERS INCLUDE KOHL’S, TJ MAXX, PETCO, SAM’S CLUB, AMC THEATRES, HYVEE AND MANY OTHERS.

Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.

RENTABLE SF . . . . . . . . . . . 2,400 SFYEAR BUILT . . . . . . . . . . . . . 2017LOT SIZE . . . . . . . . . . . . . . 0.68 Acres

PRICE: $1,396,875CAP: 6.40%

Dubuque is thriving with a population of nearly 60,000, a county population of just over 97,000, and a regional population of over 339,000. The city lies at the junction of Iowa, Illinois, and Wisconsin, a region known as the Tri-State Area. It is a tourist destination featuring the city’s unique architecture and river location. With over 1.9 million visitors and $329.27 million in economic impact annually, the tourism industry has been recognized as an integral component in the development and continued prosperity of the region.

investment highlights

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. Buyer must verify the information and bears all risk for any inaccuracies.

John Andreinijandreini@capitalpacific.com | (415) 274-2715CA BRE# 01440360

Listed in conjunction with IA Licensed Broker:Barbara K. Hokel, CCIM of HOKEL CommercialBarbHokel@MSN.com | (515) 418-6868

[ surrounding area retail ]

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core characteristics

Dubuque serves as the center for retail, health care, education, employment and entertainment for the Tri-state area of Illinois, Wisconsin, and Iowa.

LEASE HIGHLIGHTS• 10-year lease with three 5-year options, with 10% increases every five (5)

years throughout the base term and options.• Tenant is responsible for taxes, insurance, HVAC, and all interior non-

structural components.• Landlord is responsible for roof, structure, and parking lot.• Verizon Wireless reported total revenue of $131.6 billion in 2015.• Guarantor is the largest Verizon wireless retailer in the country with over

1,150 locations and huge revenues (contact agent for details).

LOCATION HIGHLIGHTS

• Located within Asbury Plaza, an 850,000 square foot power center. Retailers in the center include Kohl’s, Bed Bath & Beyond, Hyvee, TJ Maxx, Petco, Maurices, and many others.

• Great exposure along NW Arterial with over 32,000 VPD.

• One of the economic strengths of the Greater Dubuque Area is the diverse mix of industries, which includes manufacturing, health care, education, tourism, publishing, IT/software, and financial services.

• Dubuque is home to five colleges and universities, as well as a number of community/technical colleges and seminaries.

• There are over 70,000 people within a 5-mile radius with population growth projected in one, three and five mile radii. The average household income exceeds $86,000 within a 1-mile radius.

33,000+ Residents with an average Household income exceeding $77K within a 3-mile radius

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. Buyer must verify the information and bears all risk for any inaccuracies.

[ surrounding area retail ]

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aerialBENEFITTING FROM TRAFFIC COUNTS IN EXCESS OF 32,000 VPD

52

20

20

20

Pennsylvania Avenue

Dodge Street

Central Avenue

University

Avenue

S Grandview Avenue

Cedar Cross Road

John

F.

Kenn

edy

Road

Asbury Road

NW

Arte

rial

Dodge Street

Asbury Road

Asbury Plaza

Stephen Hempstead High School

George Washington

Middle School

Irving Elementary

Fulton Elementary

Lincoln Elementary

Dubuque Senior High School

Wahlert Catholic High

School

Eisenhower Elementary

Holy Ghost Catholic School

Carver Elementary

Resurrection School

Eleanor Roosevelt

Middle School

DUBUQUE GOLF & COUNTRY CLUB

DUNKER HILL GOLF COURSE

Kennedy Mall

®

DES MOINES

HOUSING(70,915 RESIDENTS WITHIN 5 MILES)

32,0

00 D

AIL

Y

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. Buyer must verify the information and bears all risk for any inaccuracies.

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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. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

PRICE $1,396,875 Price Per Square Foot: $582.03

Capitalization Rate: 6.40%

Total Rentable Area (SF): 2,400

Lot Size (AC): 0.68

STABILIZED INCOME Per Square FootScheduled Rent $37.25 $89,400

LESS Per Square FootTaxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $89,400

[ subject propery ] VERIZON | 5

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. Buyer must verify the information and bears all risk for any inaccuracies.

rent roll

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant Name Sq. Ft. Term Current Rent

MonthlyRent

YearlyRent

MonthlyRent/FT

YearlyRent/FT

Verizon 2,400 10/27/2017 10/31/2022 $89,400 $7,450 $89,400 $3.10 $37.25

11/1/2022 10/31/2027 $8,195 $98,340 $3.41 $40.98

Option 1 11/1/2027 10/31/2032 $9,015 $108,174 $3.76 $45.07

Option 2 11/1/2032 10/31/2037 $9,916 $118,991 $4.13 $49.58

Option 3 11/1/2037 10/31/2042 $10,908 $130,891 $4.54 $54.54

Totals: 2,400 $89,400 $7,450 $89,400 $3.10 $37.25

[ REPRESENTATIVE PHOTO ]

[ subject propery ]

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MONUMENT SIGN

Fron

tage

Roa

d

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.

zoomed-in site plan

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83 PERCENT OF BAY AREA RENTERS PLAN TO LEAVE, SAYS SURVEY

PLAZA DRIVE

AS

BU

RY

RO

AD

NW ARTERIAL

Coming Soon

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. Buyer must verify the information and bears all risk for any inaccuracies.

site plan

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ABOUT VERIZONVerizon Communications Inc, (NYSE, NASDAQ: VZ) headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communication services. Verizon Wireless operates America’s most reliable wireless network, serving more than 112.1 million customers nationwide. Globally, the company offers voice and data services in more than 200 countries. Verizon Wireless employs 177,000 people and has 1,700+ company operated retail locations in the US. In 2015, Verizon Wireless reported total revenue of $131.6 billion. Verizon also ranks #22 on the Forbes list of the World’s Most Valuable Brands and #26 on the list of the World’s Biggest Public Companies.

ABOUT TENANT/GUARANTORThe Cellular Connection, LLC formerly known as Moorehead Communications, Inc., is a tenured Verizon Premium Wireless Retailer. The holding company Round Room LLC, started in Marion in 1990 as one of the first authorized retailers for GTE Mobilnet in Indiana. In October 2017, the company added Wireless Zone, which has more than 330 franchised Verizon Wireless locations. Round Room now operates more than 1,150 locations in 42 states. The company continues to look at acquisition opportunities in wireless retail and plan to play a much larger role in Verizon Wirelss’s distribution plans. According to an interview with the Indianapolis Business Journal, Round Room CEO Scott Moorehead expects to hit $2 billion in revenue in 2017. Click on the link to read the full article.

www.verizonwireless.com

tenant overview

click here for more information on the tenant

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. Buyer must verify the information and bears all risk for any inaccuracies.

1,150+TOTAL LOCATIONS

$131+2015 REVENUE

BILLION

[ subject propery ]

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SUBJECT PROPERTY LOCATION

REGIONAL MAP

MILWAUKEE

CEDAR RAPIDS

32,000 DAILY

2017 HOUSEHOLD INCOMES

POPULATION

TOP EMPLOYERS IN GREATER DUBUQUE

demographics & map

1-Mile 3-Mile 5-Mile

2010 5,338 31,345 66,6782017 5,628 33,778 70,9152021 5,927 35,169 73,575

1-Mile 3-Mile 5-Mile

Average $86,787 $77,528 $67,733Median $68,424 $60,238 $51,543

Dubuque Community School District John Deere Mercy Medical Center Medical Associates ClinicUnityPoint Health - Finley HospitalUniversity of Wisconsin-Platteville

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. Buyer must verify the information and bears all risk for any inaccuracies.

CHICAGO

MADISON

DUBUQUE

70 MILES 183 MILES

90 MILES 171 MILES

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dubuque, IA

Dubuque is thriving with a population of nearly 60,000, a county population of just over 97,000, and a regional population of over 339,000. It is the center for retail, health care, education, employment and entertainment for the Tri-state area of Illinois, Wisconsin, and Iowa.

The Greater Dubuque area is nationally recognized for its excellent and affordable health care options. Recently, the area was ranked second in the country for overall health system performance. Two major health care systems, Mercy Medical Center and UnityPoint Health - Finley Hospital, offer excellent 24/7 care for patients and their families. Both facilities have recently been recognized for their quality care.

With over 1.9 million visitors and $329.27 million in economic impact annually, the tourism industry has been recognized as an integral component in the development and continued prosperity of the Dubuque region. The reinvention of Iowa’s first city over the past 15 years has been a catalyst for the evolution of the Dubuque area as a destination for travel.

Dubuque is served by Highway 20 that stretches from central Iowa through Dubuque to central Illinois. Highway 52 is a scenic two-lane highway that hugs the river’s banks and stretches into northeast Iowa, southwest Wisconsin and northwestern Illinois. Highway 61/151 is a four-lane highway that carries travelers south to the Quad Cities and further south, west to Iowa City onto Interstate 80, and north into Wisconsin and onto Madison. The Dubuque Regional Airport serves both business and leisure travelers with service through American Eagle between Dubuque and Chicago’s O’Hare International Airport.

One of the economic strengths of the Greater Dubuque area is the diverse mix of industries, which includes advanced manufacturing, metal machining & fabrication, food processing & food ingredients, IT & Software, Insurance & Financial Services, and Office Services.

Information technology, software, and other hi-tech industries represent a key industry cluster in the Greater Dubuque market. Companies located here include IBM, McKesson, Cartegraph, and others.

Its central location provides companies with low-cost trucking options, a large network of four-lane highways and close proximity to Interstate 80 & 35 providing coast-to-coast access.

The region is also home to internationally recognized companies including Hormel/Progressive Processing, Prairie Farms, Bimbo Bakeries, and Rousselot.

INDUSTRY SECTORS:

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. Buyer must verify the information and bears all risk for any inaccuracies.

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[ Copyright © 2017 Capital Pacific ]

CHRIS KOSTANECKI

CHRIS PETERS

DAVE LUCAS

ZANDY SMITH

JACK NAVARRA

ZEB RIPPLE

JOE CACCAMO

RICK SANNER

AARON SUSMAN

Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.JOHN ANDREINI

jandreini@capitalpacific.com | (415) 274-2715 CA BRE# 01440360

Listed in conjunction with IA Licensed Broker:Barbara K. Hokel, CCIM of HOKEL CommercialBarbHokel@MSN.com | (515) 418-6868