amg realtyamg realty - loopnet...well-diversified investment portfolio.” insurance sales in...
TRANSCRIPT
1
ALI MALONEY
Bus: 508.362.3323
Fax: 508.362.3324 Cell: 774.836.0347
[email protected] 1170 Main Street, Rt. 6A, #5, West Barnstable, MA
The information contained herein is believed to be accurate, and has been derived from sources deemed reliable. The providers of this package expressly disclaim any and all liability, express or implied for any information, representations, projections, contained herein, or for any omissions from the document, including, but not lim-ited to all other forms of documentation that may be communicated to any party during the course of evaluating this transaction.
FOR SALE: $6,700,000
www.AMGRealty.net
AMG REALTYAMG REALTYAMG REALTYAMG REALTY
Commercial Real Estate ServicesCommercial Real Estate ServicesCommercial Real Estate ServicesCommercial Real Estate Services
Built in 2013, this 19,000 building is leased to
New York Life Insurance Company.
Route 132, also known as Iyannough Road, has some of the highest traffic
counts of any roads on Cape Cod. Rt. 132 has been reconfigured to have 2
lanes in each direction, with additional turn / U-turn lanes, for easy access.
Route 132 is the preferred location for national companies, and is home to
countless AAA businesses. This is the first building on Route 132 when you get
off Route 6 (aka the Mid-Cape Highway), Exit 6.
Ten year lease expiring 2023. Annual rent is $475,000 NNN.
NOI: $379,955. Financials provided with signed NDA & Buyer Registration.
CAPE COD INVESTMENT PROPERTYCAPE COD INVESTMENT PROPERTYCAPE COD INVESTMENT PROPERTYCAPE COD INVESTMENT PROPERTY
2
ALI MALONEY ~ AMG REALTY
Bus: 508.362.3323 Fax: 508.362.3324 Cell: 774.836.0347
[email protected] 1170 Main Street, Rt. 6A, #5, West Barnstable
3
1555 IYANNOUGH ROAD (ROUTE 132), HYANNIS, MA
ABOUT THE TENANT:
New York Life Insurance Company is the
largest mutual life-insurance company in
the United States, and is one of the largest
in the world.
NYL ranks #80 on the
Fortune 500 list. New York Life is
headquartered in New York and has been
in business since 1845 (over 170 years).
There are offices in all 50 states as well as
in Mexico. NYL has in excess of 10,000
employees and 12,250 licensed agents.
According to their 2013 Annual Report,
“As of December 31, 2013, New York
Life and its domestic insurance
subsidiaries had cash and invested assets
of $187.8 billion and maintained a
well-diversified investment portfolio.”
Insurance Sales
in millions
Annuity Sales
in billions
Mutual Fund Sales in
billions
2013 1,194 9.67 31.25
2012 1,149 7.49 17.22
2011 1,196 8.13 18.94
2010 1,138 8.67 10.86
2009 1,006 11.59 7.62
NEW YORK LIFE SALES*:
*Data is from the New York Life 2013 Annual Report
ALI MALONEY
Bus: 508.362.3323 Fax: 508.362.3324 cell: 774.836.0347
4
Route 132, aka Iyannough Road, lies within the village of Hyannis, the town of Barnstable,
and the county of Barnstable. It is the main link between Barnstable, Route 6 (the Mid-Cape
Highway) and Hyannis , the “Business Hub” of Cape Cod.
Route 132 is home to the Cape Cod Mall, Fes*val Mall, Capetown Plaza and Independence
Plaza. It is the road that is the preferred loca*on for many na*onal and retail chains
including restaurants, car dealerships, hotels, and retail stores.
TRAFFIC COUNTS*
Cape Cod Commission, Average Daily Traffic “north of Phinney’s Lane” (Site Code 20322):
Cape Cod Commission, Average Daily Traffic “north of A6ucks Ln” (Site Code 20922):
• as reported “Cape Cod Traffic Coun*ng Report, printed: 10/20/2015, page 1-2”
DEMOGRAPHICS *
• Popula*on, 2014 es*mate” for town of Barnstable: 44,529.
• Percentage of persons under 18 years, 2010: 18.3%
• Percentage of persons 65 years and over, 2010: 21%
• Homeownership rate, 2009-2013: 75.6%
• Mediam household income, 2009-2013: $60,135
• From the US Census Bureau website, last revised 14– October 2015
ALI MALONEY ~ AMG REALTY
Bus: 508.362.3323 Fax: 508.362.3324 [email protected] 1170 Main Street, Rt. 6A, #5, West Barnstable, MA
1555 IYANNOUGH ROAD, ROUTE 132, HYANNIS
TOTAL NORTHBOUND TOTAL SOUTHBOUND TOTAL
2015 14,494 15,791 30,494
2011 14,613 15,117 29,730
2010 13,913 14,052 27,965
2005 15,793 15,538 31,330
TOTAL NORTHBOUND TOTAL SOUTHBOUND TOTAL
2014 19,793 23,015 42,793
5
6
ALI MALONEY ~ AMG REALTY
Bus: 508.362.3323 Fax: 508.362.3324 Cell: 774.836.0347
[email protected] 1170 Main Street, Rt. 6A, #5, West Barnstable, MA
www.AMGRealty.net