brand new 7-eleven - capital pacificcp.capitalpacific.com/properties/7eleven-goldenco.pdf · brand...
TRANSCRIPT
New Construction, 15-year lease Golden, COlorado - A Dense, HIGH-INCOME Denver msa [ www.CapitalPacific.com ]
Brand New 7-eleven
• COMMutEr COrrIDOr• OutstANDING DEMOGrApHICs• rENtAl INCrEAsEs
4414 McIntyre St, Golden, CO 80403
Rentable SF . . . . . . . . . . . . . . . 3,062 SF
land aRea . . . . . . . . . . . . . . . 1 .79 Acres
CuRRent Rent . . . . . . . . . . . . $48 .51/SF
PRICE: $2,995,000CAP: 4.96%
listing teamContact Info
Zandy smithzsmith@capitalpacific .com | (415) 274-2707CA BRE# 01734525
In Conjunction with CO Licensed Broker:David Leuthold, Leuthold Commercial Properties david@leutholdcommercial .com | 303-871-9000
prOperty summary
Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .
thIs BRAND NEW FREEstANDING 7-ELEVEN FEAtuREs A RARE 15-YEAR LEAsE AND Is LoCAtED IN thE DENVER suBuRB oF GoLDEN, Co
7-ELEVEN | 2
The subject property is located in Golden, CO, where there are approximately 140,000 people within a 5 mile radius . The site is located strategically on the corner of 44th and McIntyre with direct access to and visibility from heavily trafficked McIntyre Street . McIntyre Street, which is being expanded to a 4-lane road, connects directly with State Freeway 58 which then connects with Interstate 70 . This location provides access to commuter traffic coming from Interstate 70 .
146,000+ residents within a 5-mile radiusinternational tenant
core characteristics
[ nearby housing development ]
exCellent vISIbIlIty/aCCeSS, StRateGIC COMMuteR lOCatIOnThe subject property enjoys excellent egress/ingress and visibility from the signalized corner of 44th Street and McIntyre Street . Due to the increase in daily commuters to Interstate 70, McIntyre Street is being widened to a 4-lane road, with 2 lanes in each direction . There is also access to the site on 44th Street, which is the main road leading to the historic town of Golden, CO .
Golden, CO is ideally located 15 miles from downtown Denver, CO and 30 miles from Denver International Aiport . In addition to Coors, it is home to the Colorado School of Mines, the National Renewable Energy Laboratory, National Earthquake Information Center, American Mountaineering Center, Colorado Railroad Museum, Spyderco and the Coors Brewing Company .
Outstanding Demographics: approximately 140,000 people within a 5-mile radius, average household incomes of $138,000 within a 1-mile radius and over $100,000 within a 3-mile radius .
leaSe InFORMatIOnRare brand new 15-year primary lease term with 7 .5% rental increases every five years in the primary term and the three 5-year options .
Landlord agrees to maintain the foundation (including the slab) and structural sounds of the premises .
Store opened for business and rent commenced May 11th, 2016 .
denSe ReSIdentIal aReaThe subject property is surrounded by existing and newly developed residential communities . Within a ½ mile of the 7-Eleven are two new housing developments, one of which is Gardens at Table Mountain, which just opened in June, 2015 and features 159 luxury homes . The second housing development that is fully permitted for 60 homes will be built within the next 18-24 months (See page 6 for more info on housing developments) .
ClOSe PROxIMIty tO buSIneSS & InduStRy (COORS bRewInG)7-Eleven is located within 2 miles of the Coors Brewing Company, which is the largest single brewery facility in the world . The Coors Technonoly Center, a business park that supports approximately 30 companies, surrounds the subject property . The headquarters of CoorsTek, that sits directly adjacent to the subject property, is a worldwide company with 61 offices, 5,900 employees and $1 .25 billion in revenue .
7-ELEVEN | 3
aerial
McI
ntyr
e St
reet
w 32nd avenue
wad
swor
th b
oule
vard
Kipl
ing
Stre
et
war
d Ro
ad
7070
70
76
58
72
w 64th avenue72
121
121
APPLEWOOD GOLF COURSE
THE CLUB AT ROLLING HILLS
Fitzmorris elementary
Campbell elementary
allendale elementary
Pennington elementary
Fairmount elementary
Prospect valley
elementary
Cornerstone Montessori
vanderhoof School age
Center
Stott elementary
Maple Grove elementary
everitt Middle School
drake Middle School
Jeffco High School
wheat Ridge High School
arvada west High School
arvada Senior High School
weStwOOdS SHOPPInG CenteR
DENVER
70
24,400 DAILY
20,000 DAILY
105,216 DAILY
85,000 DAILY
Coors technology Center
SUBjECT PROPERTY ENjOYS ExCELLENT INGRESS/EGRESS & VISIBILITY FROm ITS SIGNALIzED CORNER
7-ELEVEN | 4
aerial - housing developments
70
93
6
6
LILAC ESTATES
WHISPERING CREEK
FIRESIDEAT APPLEWOOD
DOWNTOWN GOLDEN6 mINS / 3.6 mI
105,216 DAILY
85,0
00 D
AIL
Y
20,000 DAILY
COORS teCHnOlOGy CenteR (32 aCReS)
W 32ND AVENUE
58
58
27,9
00 D
AIL
Y
COmmUTER CORRIDOR
WA
RD R
OA
D
70
72
• 199 LUxURY SOLAR HOmES BUILT• 164 HOmES SOLD
LENNAR HOmES AT TABLE ROCK RIDGE
ball Metal beveRaGe PaCKaGInG
24,4
00 D
AIL
Y
mCI
NTY
RE S
TREE
T
• OPENED jUNE 14TH, 2015• 159 LUxURY HOmES BUILT• 141 HOmES SOLD• SCHEDULED TO BUILD 60 NEW HOmES IN 18-24 mONTHS
GARDEN AT TABLE mOUNTAIN
W 64TH AVENUE
KIPL
ING
STR
EET
72ENCLAVE AT
mAPLE RIDGE72
ENCLAVE AT BOYD’S POND
ExISTING DEVELOPmENTS
NEW DEVELOPmENTS
mILLER-COORS FACILITIES
KEY
DENVER
70
COmmUTER CORRIDOR
7-ELEVEN | 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.
income & expense
prICE $2,995,000 Price Per Square Foot: $978 .12
Capitalization Rate: 4 .96%
Total Rentable Area (SF): 3,062
Lot Size (AC): 1 .79
stABIlIZED INCOME per square FootScheduled Rent $48 .51 $148,552
Effective Gross Income $48 .51 $148,552
lEss per square FootTaxes NNN $0 .00
Insurance NNN $0 .00
Total Operating Expenses NNN $0 .00
EQuAls NEt OpErAtING INCOME $148,552
7-ELEVEN | 6
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
[ View from subject property showing recently completed road expansion from two to four lanes ]
tENANt INFO lEAsE tErMs rENt suMMArY
Tenant Name Sq . Ft . Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
7-Eleven 3,062 1 5 $148,552 $12,379 $148,552 $4 .04 $48 .51
6 10 $13,308 $159,693 $4 .35 $52 .15
11 15 $14,306 $171,670 $4 .67 $56 .06
Option 1 16 20 $15,379 $184,546 $5 .02 $60 .27
Option 2 21 25 $16,532 $198,387 $5 .40 $64 .79
Option 3 26 30 $17,772 $213,265 $5 .80 $69 .65
Totals: 3,062 $148,552 $12,379 $148,552 $4.04 $48.51
7-ELEVEN | 7
THE SUBjECT PROPERTY ENjOYS
ExCELLENT EGRESS/ INGRESS AND
VISIBILITY FROm THE SIGNALIzED CORNER
OF 44TH STREET AND mCINTYRE STREET
aerial photos
COORS TECHNOLOGY CENTER SITS DIRECTLY BEHIND 7-ELEVEN
recently completed road expansion
7-ELEVEN | 8
SIte Plan Key
PARCEL OuTLINE:
LAND AREA: 1 .79 AC
BuILDING AREA: 3,062 SF
INGRESS/EGRESS:
24,400 daIly
site plan
McIntyre Street
w 44th avenue
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. 7-ELEVEN | 9
7-eleven
7-Eleven, headquarted in Dallas, TX, is the world’s largest operator, franchisor and licensor of convenience stores with a total of approximatly 58,300 locations in 18 countries . There are 8,600 stores in the u .S . and Canada, 7,800 of which are operated and franchised by the company . Outside of the u .S . and Canada, there are more than 47,800 7-Eleven and other convenience stores across Asia, Mexico, Australia and Europe . Its parent company, Seven-Eleven Japan Co ., Ltd, is located in Tokyo, Japan .
7-Eleven has received several prestigious recognitions and is consistently listed on Entrepreneur’s Franchise 500, ranking 10th in 2015 . 7-Eleven was also named Best of the Best in the Convenience Store channel by Entrepreneur magazine in May 2015 . In addition, the company was #1 on FranchiseRankinkg .com’s “Best Retail Franchises” list in April 2015 and included on their list of the “Ten Best Overall Franchises” in January 2015 . 7-Eleven was also #2 on Forbes magazine’s “Top 20 Franchises for the Buck” list for 2015 . www.7-eleven.com
lOCatIOnS 58,300
eMPlOyeeS 45,000+
COMPany tyPeSubSIdIaRy
tenant overview
[ rEprEsENtAtIVE pHOtO ][ rEprEsENtAtIVE pHOtO ]
7-ELEVEN | 10
abOut GOlden, CO
Just 15 miles west of Denver nestled at the foot of the Rocky Mountains, Golden is home to roughly 17,000 people . It is also a popular and convenient destination for visitors due to its close proximity to five major highways: Interstate 70 and 285, Colorado 470, the Golden Freeway and u .S . Highway 6; which are direct routes to Denver, Boulder and the Mountains . Golden’s easy access to some of the best skiing in Colorado also attracts many visitors each year .
In addition, Golden is home to several major centers and companies including the Colorado School of Mines, the National Renewable Energy Laboratory, National Earthquake Information Center, American Mountaineering Center, Colorado Railroad Museum, Spyderco and the Coors Brewing Company .
location
2015 HOUSEHOLD INCOmES
POPULATION
Coors BrewingCoorsTrek National Renewable Energy LaboratoryInnovative Services
TOP EmPLOYERS IN GOLDEN, CO
1-Mile 3-Mile 5-Mile
2010 1,282 40,725 142,7872015 1,314 42,302 146,1812020 1,365 44,249 151,871
1-Mile 3-Mile 5-Mile
Average $138,756 $106,683 $86,380Median $100,144 $82,075 $63,207
7-ELEVEN | 12
A unique HUMANRESULTS-DRIVEN client experience
tHe CaPItal PaCIFIC exPeRIenCe - OuR daIly COMMItMent tO OuR ClIentS
[ www.CapitalPacific.com ]
Zandy SMItHzsmith@capitalpacific .com | (415) 274-2707 CA BRE# 01792433
Zeb RIPPlezripple@capitalpacific .com | (415) 274-2702 CA BRE# 01242540
CHRIS KOStaneCKIck@capitalpacific .com | (415) 274-2701 CA BRE# 01002010
CHRIS PeteRScpeters@capitalpacific .com | (415) 274-2703 CA BRE# 01339983
[ Copyright © 2016 Capital Pacific LLC ]
Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .
dave luCaS
RICK SanneR
JOe CaCCaMO
JaCK navaRRa
JOHn andReInI
bOb SanneR
GReGG Steele
KaRla ZenS
In Conjunction with CO Licensed Broker:David Leuthold, Leuthold Commercial Properties | 303-871-9000 | david@leutholdcommercial .com
aaROn SuSMan