CAFE ZUPAS - CBC Advisors
Transcription
CAFE ZUPAS - CBC Advisors
MARKET AREA CBC ADVISORS CONCEPTUAL PHOTOS CAFE ZUPAS CAMERON SIMONSEN Retail Specialist [email protected] 801-453-6824 STUART THAIN Retail Specialist [email protected] 801-947-8303 Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com MARKET AREA CBC ADVISORS EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS PROPERTY AND FINANCIAL SUMMARY CONCEPTUAL PHOTOS TENANT INFORMATION MARKET AREA UTAH ACCOLADES TABLE OF CONTENTS Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015 This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015 EXECUTIVE SUMMARY MARKET AREA CBC CBC ADVISORS ADVISORS The investment opportunity is a new 3,600 square foot build to suit for Café Zupas in Murray, UT. The lease is a Double Net (NN) 10 year term with two 5 year options and is estimated to commence in June of 2016. The property is leased to corporate Café Zupas, L.C. an experienced operator of fast casual restaurants with 30+ locations in five states. The property is located in the heart of Salt Lake County at The Pointe @ 53rd development. Nearby retail anchors include Best Buy, Barnes & Noble and Utah’s best performing Costco. The largest regional hospital in Utah is located directly across the street (Intermountain Medical Center). The site is also within walking distance to both Murray High School and Hillcrest Jr. High. INVESTMENT HIGHLIGHTS • Double-Net (NN) Lease: The Landlord’s maintenance obligations are limited to the foundations of the structure including structural walls, the roof and roof membrane, load-bearing walls and the HVAC system. Any repair and maintenance required for the HVAC system shall be reimbursed by the Tenant. • Brand New Building: The building is a build to suit for Café Zupas. The Landlord will have a fee simple interest in a newly constructed building specifically for the tenant. • Irreplaceable real estate in the heart of Salt Lake County. Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015 MARKET AREA PROPERTY AND FINANCIAL SUMMARY CBC CBC ADVISORS ADVISORS NAME: CAFE ZUPAS Address: Approximately 5200 South State Street in Murray, UT Building Size: 3,600 SF Lot Size: 0.348 acres (cross parking with adjacent shopping center) Zoning: Commercial Year Built: 2016 Sales Price: $2,100,000 Cap Rate: 6.0% LEASE SUMMARY Monthly Rent: $10,500.00 Rent Commencement: Estimated at June of 2016 Lease Expiration: Estimated at June of 2026 Rent Increase Date: Estimated at June of 2021 Rent Increase Amount: 12.5% Lease Type: Double-net (NN) with limited Landlord maintenance obligations Options: Two 5 year options LEASE YEAR ANNUAL RENT CAP RATE 1-5 $126,000.00 6.0% 6-10 $141,768.00 6.75% $159,480.00 7.59% $179,424.00 8.5% 11-15 (option) 16-20 (option) Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015 CONCEPTUAL MARKET AREAPHOTOS CBC CBC ADVISORS ADVISORS Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015 TENANT MARKETINFORMATION AREA CBC CBC ADVISORS ADVISORS ABOUT THE TENANT Café Zupas is a Utah-grown success story. In 2004, the soup-salad-sandwich fast casual chain opened its first restaurant in Provo, UT. It has since grown to 30+ locations throughout Utah, Nevada, Arizona, Idaho and Minnesota with aggressive expansion plans for the future. The Utah Restaurant Association recognized Café Zupas with its Best New Concept Award for 2014. The award goes to a restaurant concept that has the growth potential to expand nationally. Café Zupas has had the honor of winning 20 Utah Best-of-State awards over eight consecutive years including 7 for Best Soups, 4 for Best Salads, 5 for Best Sandwiches and 4 for Best American. In 2013, United Fresh Foundation presented Café Zupas with the “Produce Excellence in Foodservice” award for outstanding use of produce in culinary arts. Café Zupas has partnered Karp Reilly as an investor. Karp Reilly is a well-respected growth investor that has helped emerging brands such as Café Rio, Dollar Tree, Rue 21, The Habit Burger Grill, Mimi’s Café, Miller’s Ale House, Tommy Bahama etc. in expanding their concepts. Their investment philosophy reflects the companies that they work with: ambitious, hands-on and growth-focused. Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015 MARKET AREA CBC CBC ADVISORS ADVISORS MURRAY Murray is an established suburb located in Salt Lake County. It is home to the largest hospital in Utah (Intermountain Medical Center), Utah’s top performing regional mall (Fashion Place Mall), Salt Lake County’s largest auto row, etc. It is located right in the center of the Salt Lake Valley and is easily accessed by I-15 (the main north to south thoroughfare) and I-215 (the main east to west thoroughfare). UTAH Utah has been ranked the “Best State for Business” by Forbes magazine in 2010, 2011, 2012 and 2014. It is consistently viewed as a state with a skilled workforce, low energy costs, pro-business climate and economic growth. Utah is home to many of the country’s top universities including the University of Utah, Brigham Young University, Utah State University, Utah Valley University, etc. Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015 MARKET AREA CBC CBC ADVISORS ADVISORS UTAH ACCOLADES: Utah has been ranked the “Best State for Business” by Forbes in 2010, 2011, 2012 & 2014. Utah #1 Best Economic Outlook for 2015 - American Legislative Exchange Council. April 2015. Salt Lake City is the #1 Hot Startup City that isn’t San Francisco or New York – Entrepreneur August 2015. Utah #3 Top State for Business – CNBC June 2015. University of Utah Health Care #6 “Quality and Accountability” – UHC October 2014. Top 15 of Advanced Industry Intensity – Brookings February 2015. Top 10 Most Innovative Tech Hubs – nerdwallet February 2015. #1 on the 5 Happiest States in America – Alternet September 2014. Deer Valley Resort ranked the #2 best resort – SKI Magazine September 2014. Utah unemployment second-lowest in the nation – Office of Governor Gary Herbert September 2014. Utah ranks third in household income growth – The Salt Lake Tribune September 2014. University of Utah entrepreneurship program ranked as a top 25 program – Princeton Review September 2014. Arches National Park is one of the Top 20 National Parks – Travel Telegraph April 2015. Utah receives an “A” grade in government technology survey – Business Wire September 2014. Utah lands 85 spots on Inc. 5,000, total revenues top $2.9B – August 2014. Utah has more top 10 economic rankings than any other state – Daily Herald June 2014. Utah Transit Authority honored as nation’s best transit system – American Public Transportation Association June 2014. Utah #3 Top States for Business – CNBC June 2014. Utah #6 Safest Place to Live – Wallet Hub June 2014. Utah #5 Best Places to Make a Living – MoneyRates.com June 2014. Utah #3 “10 best states for retirement” – Bankrate June 2014. Utah #3 Best Cities for New College Grads – Kiplinger May 2014. Utah #1 in U.S. for charitable giving – Gallup May 2014. Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015 MARKET AREA - AERIAL CBC CBC ADVISORS ADVISORS CBC Advisors SITE Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015 MARKET AREA - SITE PLAN CBC CBC ADVISORS ADVISORS (SITE) Salt Lake City Office | 6550 South Millrock Dr., Suite 200 Salt Lake City, UT 84121 | 801.947.8300 | www.cbcadvisors.com This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable however, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2015