Newly-Constructed Popeye`s Restaurant
Transcription
Newly-Constructed Popeye`s Restaurant
FOR SALE Newly-Constructed Popeye’s Restaurant 2598 E Sunnyside Rd, Ammon (Idaho Falls), ID 83406 ABSOLUTE NNN SINGLE TENANT INVESTMENT Property Highlights Listing Features Sale Price $2,560,000 Cap Rate 5% Primary Lease Term 20 Year NNN Lease Annual Rent Increases 10% Rental Increases Every 5 Years Net Operating Income $128,000.00 Building Size 2,690 SF Lot size1.198 Acres +/Project Status Open Since January 2016 ParkingAmple On-Site Parking Please Download, Execute & Return Confidentiality Agreement To Receive Offering Memorandum Andrea Nilson Senior Director Retail Specialist +1 208 287 8439 [email protected] LeAnn Hume, CCIM, CLS Senior Director Retail / Investment Specialist +1 208 287 8436 [email protected] • Newly-Constructed Popeye’s Restaurant Located at the Busy Intersection of Sunnyside & Hitt (25Th East) in the Sandcreek Commons Development • Cotenants Include Cabela’s, Hobby Lobby, Broulim’s Grocery, Wendy’s, Mountain America Credit Union, Kneaders and Zions Bank • Popeye’s - Ammon Provides the Opportunity for an Investor to Acquire a Newly-Constructed Building while Achieving Stable Cash-Flow Backed by a New 20-Year Lease • Surrounded by Major Retailers & Restaurants Including Kohl’s, Bed Bath & Beyond, TJ Maxx, Sportsman’s Warehouse, Furniture Row, Shoe Carnival, Chick-Fil-A, Jimmy Johns, Costa Vida, Johnny Carino’s & more... • Close to the Eastern Idaho Medical Center, 334 Beds, 195 Doctors, 1,400 Employees & Caring for an Average of 53,576 Patients Per Year & the Mountain View Hospital - 43 Beds, 275 Providers, 35 Specialties and more than 250 Employees • South of Sandcreek Middle School & Hillcrest High School - 1,437 Students - Open Campus Sara Shropshire Associate Retail Specialist +1 208 287 9494 [email protected] 398 South 9th Street, Ste 260 Boise, Idaho 83702 Main +1 208 287 9500 Fax +1 208 287 9501 comre.com Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. FOR SALE Newly-Constructed Popeye’s Restaurant 2598 E Sunnyside Rd, Ammon (Idaho Falls), ID 83406 Working Site Plan SITE Andrea Nilson Senior Director Retail Specialist +1 208 287 8439 [email protected] LeAnn Hume, CCIM, CLS Senior Director Retail / Investment Specialist +1 208 287 8436 [email protected] Sara Shropshire Associate Retail Specialist +1 208 287 9494 [email protected] 398 South 9th Street, Ste 260 Boise, Idaho 83702 Main +1 208 287 9500 Fax +1 208 287 9501 comre.com Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. FOR SALE Newly-Constructed Popeye’s Restaurant 2598 E Sunnyside Rd, Ammon (Idaho Falls), ID 83406 Location Aerial with Surrounding Retail and Services 10,000 ADT 1ST STREET - 9,000 ADT 11,000 ADT 20,000 ADT Grand Teton Mall PROPOSED 17TH STREET - 23,000 ADT Sandcreek Middle School Hillcrest High School Edwards Grand Teton Stadium 14 21,500 ADT SUNNYSIDE ROAD - 14,500 AMMON ROAD - 11,500 ADT HITT / 25TH - 14,000 ADT WOODRUFF AVE - 11,000 ADT 27,000 ADT ADT SITE 5,000 ADT 4,800 ADT 6,200 ADT AFC Enterprises, Inc. 2008 Annual Report 2,200 ADT 49TH STREET - 250 ADT Average Daily Traffic (ADT) courtesy of Idaho Department of Transportation. Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 2015-2020 Annual Rate 2015 MaleSALE Population FOR 2015 Female Population 2015-2020 Annual Rate 2015 Male Population 2015 Female Population 2015 Median Age 2015 Median Age 1.11% 0.71% 1.11% 0.78% 0. 49.6% 50.4% 49.1% 50.9% 49.6% 50.4% 49.7% 50.3% 49 50 32.8 32.2 32.8 32.0 Executive Summary Summary Newly-Constructed Popeye’sExecutive Restaurant 2598 E Sunnyside Rd, Ammon (Idaho Falls), ID 83406 In the identified area, the current population is 87,911. 2010, the Census count inRd, area was 84,603. The rate of change In the identified area,In the current year isthe 87,911. In 2010, the Census in thesince area was 84,60 2540year E Sunnyside Rd, Ammon, Idaho, 2540 83406 E Sunnyside 2population Ammon, Idaho, 83406 2 count Prepared by Esri 2010 was 0.73% annually. The five-year projection for the population the areaprojection is 91,403 for representing a change 0.78% annually from 2010 was 0.73% annually. Theinfive-year the population in theofarea is 91,403 representing a cha 2540 E Sunnyside Rd, Ammon, Idaho, 2540 83406 E Sunnyside Idaho, 83406 Latitude: 43.46793 2015 to 2020. Currently, the population is 49.7% male and 50.3% 2015 to 2020. Currently, thefemale. population is 49.7% Rd, maleAmmon, and 50.3% female. Median Age Rings: 1, 3, 5 mile radii Rings: 1, 3, 5 mile radii Median Age Longitude: -111.98431 1 mile 3 miles 1 mile 5 miles 3 - LOCATED IN A GROWING AREA IN IDAHO - compared The median age in thisFALLS area is 32.8, to U.S. The median agemedian in this age areaofis37.9. 32.8, compared to U.S. median age of 37.9. Population Population In the identified area, the current year population is Ethnicity 87,911. In 2010, the Race and Race and Ethnicity Site Map 4,283 43,387 4,283 65,845 43 2000 Population 2000 Population Census count in the area was 84,603. The rate ofWhite change since 2010 was 2015 Alone 93.1% 89.4% 88.5% 2015 White Alone 93.1% 89 5,938 56,551 5,938 84,603 56 2540 E Sunnyside Rd, Ammon, Idaho, 83406 2 Prepared by Esri Population 2010 Population 2010 0.73% annually.2540 The five-year projection for 2015 the population Black Alonein the area is Latitude: 43.46793 0.5% 0.8% 0.8% 2015 Black Alone 0.5% 0 E Sunnyside Rd, Ammon, Idaho, 83406 6,287 58,273 6,287 87,911 58 2015 Population 2015 Population 91,403 representing from 2015 to 2020. Longitude: Rings: 1,a 3,change 5 mile radii of 0.78% annually 2015 American Indian/Alaska Native-111.98431 Alone 0.5% 0.8% 0.9% 2015 American Indian/Alaska Native Alone 0.5% 0 6,645 60,385 6,645 91,403 60 2020 Population 2020 Population 2015 Asian Alone 1.2% 1.1% 1.0% 2015 Asian Alone 1.2% 1 3.32% 2.69% 3.32% 2.54% 2.6 2000-2010 Annual Rate 2000-2010 Annual Rate 2015 Pacific Islander Alone 0.1% 0.2% 0.1% 2015 Pacific Islander Alone 0.1% 0 1.09% 0.57% 1.09% 0.73% 0.5 2010-2015 Annual Rate 2010-2015 Annual Rate 2015 Other Race 2.6% 5.1% 6.1% 2015 Other Race 2.6% 5 1.11% 0.71% 1.11% 0.78% 0.7 2015-2020 Annual Rate 2015-2020 Annual Rate 2015 Two or More Races 2.0% 2.6% 2.6% 2015 Two or More Races 2.0% 2 2015 Male Population 2015 Male Population 49.6% 49.1% 49.6% 49.7% 49 2015Female Hispanic Origin (Any Race) 7.6% 12.3% 13.8% 2015 Female HispanicPopulation Origin (Any Race) 7.6% 12 2015 Population 2015 50.4% 50.9% 50.4% 50.3% 50 2015 Median Age origin represent 13.8% 2015 Median Age origin 32.2 32.8 Persons 32.0 of the U.S. population. of Persons of Hispanic of the in the identified13.8% area 32.8 compared to 17.6% Persons of population Hispanic represent of the population in of thethe identified area compared to 17.6% Hispanic Origin may be of any race. TheHispanic DiversityOrigin Index, which measures the probability twowhich people from thethe same area willthat be from may be of any race. The Diversitythat Index, measures probability two people from In the identified area, the current year population is 87,911. In 2010, the Census count inas the area was 84,60 In the identified area,groups, the current year is 87,911. In 2010, the Census count in as the area was 84,603. The ratethe of U.S. change since different race/ethnic is 40.3 in population the identified area, compared to 63.0 the U.S. a whole. different race/ethnic groups, is 40.3 infor the identified area, compared to 63.0 for a whole. was 0.73% Theinfive-year for the population in the is 91,403 representing a cha 2010 was 0.73% annually. The five-year2010 projection for theannually. population the area projection is 91,403 representing a change of area 0.78% annually from Households Households to 2020. population is 49.7% male and 50.3% female. 2015 to 2020. Currently, the population 2015 is 49.7% maleCurrently, and 50.3%the female. Executive Summary Executive Summary 1,430 15,455 23,434 2000 Age Households 1,430 15 2000 Households Median Age Median 2010 Households 2,235 20,325 30,062 2010 Households 2,235 20 median age in thisage area 32.8, compared median age of 37.9. The median age in this area is 32.8, to U.S. median ofis37.9. 2540compared E The Sunnyside Rd, Ammon, Idaho, 83406 2 2,384to U.S. by Esri 21 2540 E Sunnyside Rd, Ammon, Idaho, 83406 2 2,384 Prepared 2015 Total Households 21,029 31,315 2015 Total Households Race and Ethnicity Race and Ethnicity 2540 E Sunnyside Rd, Ammon, Idaho, 83406 Latitude: 32,589 43.46793 21 2540 E Sunnyside 83406 2020 Total Households 2,528 Rd, Ammon, Idaho, 21,838 2020 Total Households 2,528 2015 White Alone 93.1% 89 2015 White Alone 93.1% 89.4% 88.5% Rings: 1, 3, 5 mile radii Longitude: -111.98431 Rings: 1, 3, 5 mile radii 2000-2010 Annual Rate 4.57% 2.78% 2.52% 2000-2010 Annual Rate 4.57% 2. 2015 Black Alone 0.5% 0 2015 Black Alone 0.5% 0.8% 0.8% 1 mile 3 miles 5 miles 1 mile 3 2010-2015 Annual Rate 1.24% 0.65% 0.78% 2010-2015 Annual Rate 1.24% 0. 2015 American Indian/Alaska Native Alone 0.5% 0 2015 American Indian/Alaska Native Alone 0.5% 0.8% 0.9% Median Household Income Median Household 2015-2020 Annual Rate 1.18% 0.76% 0.80% 2015-2020 Annual Income Rate 1.18% 0. 2015 Asian Alone 1.2% 1 2015 Asian Alone 1.2% 1.1% 1.0% 2015 HouseholdIncome Size 2.61 2.74 2.77 Average Household Size 2.61 2015 Average Median Household $59,433 $51,118 $50,540 2015 Median Household Income $59,433 $51 2015 Pacific Islander Alone 0.1% 0 2015 Pacific Islander Alone 0.1% 0.2% 0.1% 2020 Median Household Income $71,259 $58,829 $57,958 2020 Median Household Income $71,259 $58 Race 2.6% 5.1% 2.6% 6.1% 2015 Other 2015 Other Race The household count in this area has changed from 30,062 to 31,315 in the current year, ainchange of 0.78% in annually. Theyear, fiveThe household countinin2010 this area has changed from 30,062 2010 to 31,315 the current a change of5 2015-2020 Annual Rate 3.70% 2.85% 2.78% 2015-2020 Annual Rate 3.70% 2.8 year projection of households is 32,589,year a2015 change 0.80% annually from the current yearoftotal. household is currently 2.77, projection of households is 32,589, a2.0% change 0.80%Average annually from the size current year total. Average hou 2015 Two or More Races Twoofor More Races 2.6% 2.0% 2.6% 2 Average to Household Income Average Household Income compared 2.78 in the year 2010. The number of families in the current year is 22,214 in the specified area. compared to 2.78 in the year 2010. The number of families in the current year is 22,214 in the specified area. 2015 Hispanic Origin (Any Race) 2015 Hispanic Origin (Any Race) 7.6% 12.3% 7.6% 13.8% 12 $65,943 $65,125 2015 Average Household Income $75,494 $75,494 $65 2015 Average Household Income Persons ofAverage HispanicHousehold origin represent 13.8% Persons of the ofpopulation Hispanic origin in therepresent identified 13.8% area compared of the population to 17.6% inof the the identified U.S. population. area compared Persons to$75,636 of 17.6% of the 2020 Income $87,653 $76,546 2020 Average Household Income $87,653 $76 2540 E Sunnyside Rd, 2540 Ammon, E Sunnyside Idaho,2540 Rd, 83406 Ammon, E Sunnyside 2 Idaho, Rd, 83406 Ammon, 2 Idaho, 2540 83406 E Sunnyside 2 Rd, Ammon, Idaho, 83406 2 PrepU Hispanic Origin may be of any race. The Hispanic DiversityOrigin Index,may which be measures of any race. theThe probability Diversitythat Index, twowhich peoplemeasures from the the same probability area will that be from two people from 2015-2020 Annual Rate 3.03% 3.03% 3.04% 2015-2020 Annual Rate 3.03% 3.0 2540 E race/ethnic Sunnyside groups, Rd, 2540 Ammon, EisSunnyside 2540 Rd, 83406 Ammon, E race/ethnic Sunnyside Idaho, Rd, 83406 Ammon, Idaho, 2540 E Sunnyside Rd, Ammon, Idaho, 83406 different 40.3Idaho, in the different identified area, compared groups, to is 40.3 63.0 in forthe the83406 identified U.S. as aarea, whole. compared to 63.0 for the U.S. as a whole. Latitude Per Capita Income Per Capita Income Rings: 1, 3, 5 mile radii Rings: 1, 3, 5 mileRings: radii 1, 3, 5 mile radii Rings: 1, 3, 5 mile radii Longitude: Households Households 2015 Per Capita Income $27,175 $23,869 $23,429 2015 Per Capita Income $27,175 $23, Data for all businesses Data infor area all businesses Data in for area all businesses in area Data 12000 mile for all businesses 1 mile in area 11,430 mile 3 miles 3 miles 1 mile 5 miles 2000 Households 15,455 1,430 3 miles 23,434 15 2020 Per Capita Income $31,583 $27,743 $27,209 2020 Households Per Capita Income $31,583 $27, Total Businesses: Total 547Businesses: 547 2,225 2,225 547 2,22530,062 4,479 Total Businesses: Total Businesses: 547 2010 Households 2010 Households 2,235 20,325 2,235 20 2015-2020 Annual Rate 3.05% 3.05% 3.04% 2015-2020 Annual Rate 3.05% 3.0 Total Employees: Total 8,966 Total Employees: Total 8,966 Employees: 8,966 25,890 25,890 8,966 52,022 2015Employees: Total Households 2015 Total Households 2,384 21,029 2,384 25,890 31,315 21 Households by Income Households byPopulation: Income Total Residential Population: Total Residential Population: Total Residential Population: Total 6,287 Residential 6,287 6,287 58,273 58,273 6,287 58,273 87,911 2020 Total Households 2020 Total Households 2,528 21,838 2,528 32,589 21 Employee/Residential Employee/Residential Population Ratio: Employee/Residential Population Ratio:household Population Ratio: Employee/Residential 1.43:1 median Population 1.43:1income Ratio: 1.43:1 0.44:1 1.43:1 0.44:1 Current median income is $50,540 in the area, compared to $53,217 for all U.S. households. Median household income is 0.59:1 Media Current household is $50,540 in 0.44:1 the area, compared to $53,217 for all U.S. households. 2000-2010 Annual Rate 2000-2010 Annual Rate 4.57% 2.78% 4.57% 2.52% 2.7 projected to be $57,958 in five years, compared to be $60,683 forin allfive U.S. households projected to $57,958 years, compared to $60,683 for all U.S. households Source: U.S. Census Bureau, Census 20102010-2015 SummaryAnnual File 1. Esri and 2020. Esri converted Census 2000 data into 20100.65% geography.Employees Employees Employees Employees Employees Employees Employee Em Rate forecasts for 2015 2010-2015 Annual Rate 1.24% 1.24% 0.78% 0.6 Number Percent Number Number Percent Percent Number Number Number Percent Percent Percent Number Number Number Percent Number Percent Percent Number Percent Number Number Percent Number Percent Percent Number Percent Number Numb Pe by SIC Codes by SIC Codes by SIC average Codes by2015-2020 SIC Codes Current household income is $65,125 in this area, compared to $74,699 for all U.S. households. Average household income is Current average household income is $65,125 in this area, compared to $74,699 for all U.S. households. Aver Rate Rate 1.18% 0.76% 1.18% 0.80% 0.7 2015-2020 Annual Annual 398 South 9th Street, Ste 260 Andrea Nilson LeAnn Hume, CCIM, CLS Sara Shropshire 2 $75,636 7 0.4% 0.1% 2households 7compared 35 0.4%0.1% 1.6% 7 35169 0.1%1.6% 0.7% 2households 0.4% 35 169 91 1.6%0.7% 2.0% 7 169 0.1% 914 Agriculture & Mining Agriculture & Mining projected Agricultureto& be Mining Agricultureto & be Mining in Size five 2 years, 0.4% compared to $84,910 for allfive U.S. projected in years, Boise, Idaho 83702 2015 Average $75,636 Household 2015 Average Household Size 2.61 to $84,910 for all U.S. 2.74 2.61 2.77 Senior Director Senior Director Associate Business Summary Business Summary Business Summary Business Summary Construction Construction Construction 16 2.9% Construction 16 81 2.9% 0.9% 16 81132 2.9%0.9% 5.9% 0.0% 0.0% 0.0% 0 0 0.0% 8 0.0% 0.4% 81 132695 0.9%5.9% 16 2.7% 2.9% 132 695309 5.9%2.7% 81 6.9% 695 0.9%309 2,6 0.0% 8 71 17 0.4%0.3% 0.4% 0 0.0% 71 171 Retail Specialist Retail / Investment Specialist Retail Specialist Main +1 208 287 9500 7has 1.3% 73 income 7 1.3% 2.0% 73 a in 45 818 0.8% 2.0% 3.2% 7per 1.3% 818 141 2.0% 3.2% 73 3.1%a to 818 0.8% 141 3,5 to0.8% U.S. per73 capita income of $28,597. The capita income is projected Current per iscapita income is $23,429 in thehousehold area, in the area, compared to the U.S. capita income of $28,597. The pe Current per compared capita isto $23,429 Manufacturing Manufacturing Manufacturing Note: Income expressed in 208 current dollars Data Note: Income is7expressed inthe current dollars household count in+1 this area changed The from 30,062 count in1.3% in 2010 this area 31,315 has changed in45 the 0.8% current from 30,062 year, change 2010 to ofper 0.78% 31,315 in45 the The year, five+1 208 Manufacturing 287 8439 +1 208Data 287The 8436 287 9494 Fax annually. +1 current 208 287 9501 change of be $27,209 five years, compared to0.5% $32,501 for all U.S. households be $27,209 in five years, compared toEsri $32,501 forCensus all U.S. households 3Summary 3 30 0.5% 0.3% 3 the 30 41 0.5% 0.3% 1.8% 302000 41 291 0.3% 1.8% 1.1% 32020. 0.5% 41converted 291 121 1.8% 1.1% 30 2.7% 291 0.3% 1,1 Source: U.S. Censusin Bureau, Census 2010 1.Census Esri for 2015 and data into 2010 geography. Source: U.S. Bureau, Census 2010 Summary File 1.year Esri forecasts for 2015 and Esri Census 2000 data 121 into Transportation Transportation Transportation Transportation year projection of households is 32,589, year a File change projection offorecasts 0.80% of households annually from is 2020. 32,589, current aconverted change of total. 0.80% Average annually household from the size current is currently year total. 2.77, Average hou [email protected] [email protected] [email protected] comre.com 12 The2.2% 12 68 inin 2.2% 0.8% 12year 68 29 2.2% 0.8% 1.3% 29 0.8% 1.3% 12 1.2% 29 300 55 1.3% 68 1.2% 300 0.8% 556 Communication Communication Communication Communication compared to 2.78 in the year 2010. compared number ofto families 2.78 the the year current 2010. Theis number 22,214 of in families the 68 specified in300 the area. current year2.2% is 22,214 in 1.2% the specified area. Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance March 21, 2016 Housing Housing 0 0 0 0 8 71 0.0%0.4% 0.3% 0 Utility Copyright 2015. No warranty Utility Utility Utility Cushman & Wakefield or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing 2000 Housing Units 1,511 16,141 24,660543 conditions imposed by the property owner(s). As applicable, we make no representation as toTotal the Trade condition of the property (or properties) in question. Housing Units 16, 8 March 1.5% 8 31 1.5% 0.3% 8 31 66 1.5% 0.3% 3.0% 31 66543 0.3%3.0% 2.1% 8 1.5% 661,511 543225 3.0%2.1% 31 5.0% 0.3%225 2,4 Wholesale Trade Wholesale Trade Wholesale Wholesale Trade 21,2000 2016 Total