Eagle PromenadePad 13EAGLE, IDAHO

TWO BUILDING PAD SITE WITH HIGH TRAFFIC EXPOSURE

Eagle Promenade Pad 13 3116-3130 E STATE ST, EAGLE, ID 83616

Overview

https://goo.gl/maps/KANBaBHxcSF2

THE OFFERING provides the opportunity to purchase a high quality, two-building pad site of Eagle Promenade Shopping Center anchored by Home Depot, WinCo, and Petco. The Property is one of fourteen parcels comprising the shopping center and benefits from a high draw to the trade area and co-tenancy with neighboring national retailers. The Property is 87% occupied by eight tenants, with Seller offering a rent guarantee on the 9th space to provide 100% occupancy.

LEASEABLE SF18,384 SF

LAND AREA2.28 Acres

OCCUPANCY87%*

AVG CURRENT RENTS$20.58/SF

YEAR BUILT2007

PARKING126 Spaces; 6.9/1,000 SF

Investment Summary

7.00%CAP

$5,070,000PRICE

*Single vacancy rent-guaranteed by Seller, providing 100% occupancy.

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Overview

PAD LOCATION OF HOME DEPOT, WINCO, AND PETCO AT MAJOR ACCESS POINT.

FRONTAGE ON PROMINENT DAILY-NEEDS RETAIL CORRIDOR EXPOSED TO COMBINED TRAFFIC COUNTS OF 60,000 VPD.

SUPERB ACCESS CONNECTING DIRECTLY TO TWO PROMINENT REGIONAL HIGHWAYS SERVING NE BOISE, EAGLE, AND SURROUNDING TRADE AREA.

DENSE, GROWING RESIDENTIAL BASE OF 190,000 WITHIN A 15-MINUTE DRIVE.

Thehighlights

Investment Highlights

HIGH QUALITY CONSTRUCTION WITH DYNAMIC TENANT MIX

ANCHORS, DENSE SURROUNDING HOUSING, AND NEARBY MAJOR EMPLOYERS PROVIDE DAILY DRAW TO THE TRADE AREA.

DYNAMIC MIX OF LOCAL AND NATIONAL BRANDS.

HIGH QUALITY CONSTRUCTION WITH FINISHES.

NNN LEASE STRUCTURES OF TENANTS PROVIDE INSULATION FROM RISING COSTS.

SUFFICIENTLY INSULATED FROM RISING INTERNET RETAIL MARKETPLACE DUE TO HIGH NUMBER OF FOOD AND PERSONAL SERVICE TENANTS.

Investment Highlights

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E STATE STREETN

HO

RSES

HO

E BE

ND

RD

32,465 VPD

14,000 VPD

12,916 VPD

55

ST. LUKE’S EAGLE

MEDICAL PLAZA

EAGLEPROMENADE

PAD 13

Site

LOCATED APPROXIMATELY 7 MILES FROM DOWNTOWN BOISE

Site

PAGE 9

MAJOR RETAILApplebee’s Big 5 Sporting Goods Big Lots Carl’s JrDairy Queen Dickey’s Barbecue

Dollar Tree Freddy’s GameStop Home Depot Idaho Pizza CoMcDonald’s Petco

Ross Dress for LessSprint Starbucks Taco Bell Walmart SupercenterWinCo

TOTAL 1-MILE 3-MILES 5-MILES

Businesses 180 1,774 4,393

Employees 1,280 17,567 45,915

Population 4,734 53,662 147,517

KEY 1-MILE 3-MILES 5-MILES

Businesssummary

Surrounding Retail

E STATE ST

HILL RDN

HO

RSES

HO

E B

END

RD

N G

ARY

LN

32,465 VPD

12,916 VPD 14,000

VPD

44

55

20

EAGLEPROMENADE

PAD 13

BOISE7 MILES

SE

Hewlett Packard is one of Idaho’s largest employers. This location employees about 4,000 residents.

Surrounding Retail

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N H

ORS

ESH

OE

BEN

D R

D

E STATE ST

2.28ACRES

126 SPACES;6.9/1,000 SF

14,000 VPD

32,465 VPD

18,384LEASEABLE

SF

Site Plan

SITE PLAN NOT TO SCALE

J NA

ILS & SPA

CAFE CRANE

CLUB PILATES

AVAILA

BLE

IDAHO STATE LIQUOR STORE

Q: DO ANY TENANTS REPORT SALES?

A: Yes, the following Tenants report a statement of gross sales: Café Crane, GoWireless, Sports Clips, J Nails, and Aqua Tots.

EAGLE PROMENADE-PAD 13 IS ONE OF 14 PARCELS THAT COMPRISE THE EAGLE PROMENADE SHOPPING CENTER.

All parcels grant to one another the non-exclusive easement for the passage and parking of vehicles and pedestrians over and across the parking, driveways, and sidewalk areas.

Q & A

Site Plan

PAGE 13

Construction

ROOF: Flat, built-up membrane.

TYPE: Wood framing.

FOUNDATION: 4” concrete slab on grade.

EXTERIOR WALLS: Painted, stucco siding with cultured stone; metal awnings.

STORE FRONT: Aluminum window and door frames.

PARKING: 126 Spaces or 6.9/1,000 SF.

LANDSCAPING: Attractive, low-maintenance trees and shrubs line the parking lot and property border.

HVAC: Individual roof-mounted units.

ConstructionDetails

Construction

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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.

NNN LEASE STRUCTURES OF TENANTS PROVIDE INSULATION FROM RISING COSTS

Financial Summary

Rentroll

TO ACCESS THE FULL FINANCIAL SUMMARY INCLUDING RENT ROLL, PLEASE EXECUTE THIS FORM.

Financial Summary

PAGE 17

https://capitalpacific-ozoon.formstack.com/forms/eagle_promenade_financial_summary

Featured Photography

Featured Photography

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Boise MSA,Idaho

BOISE is the capital and most populous city of the state of Idaho, as well as the county seat of Ada County. Located on the Boise River, it anchors the Boise City-Nampa metropolitan area and is the largest city between Salt Lake City, Utah and Portland, Oregon. As of the 2010 Census, the population of Boise was 205,671. It is also the 99th largest U.S. city by population. The 2012 U.S. Census Population Estimates that 212,303 people reside within the city. The Boise metropolitan area is home to approximately 616,500 people and is the most populous metropolitan area in Idaho, containing the state’s three largest cities; Boise, Nampa, and Meridian.

Location

EMPLOYER # OF EMPLOYEES

ST. Lukes Regional Medical Centers 7400

Micron Technology 5900

West Ada School District 4000

Boise School District 3600

St. Alphonsus Regional Medical Centers 3400

BOISE is the headquarters for several major companies, such as Micron Technology, Boise Cascade LLC, Albertsons, J.R. Simplot Company, Idaho Pacific Lumber Company, Idaho Timber, WinCo Foods, Bodybuilding.com, and Clearwater Analytics. Other major industries are headquartered in Boise or have large manufacturing facilities present. The state government is also one of the city’s largest employers.The area’s largest private, locally based, publicly traded employer is Micron Technology. Others include IDACORP, Inc., the parent company of Idaho Power, Idaho Bancorp, Boise, Inc., American Ecology Corp., PCS Edventures.com Inc. and Hewlett Packard.

TECHNOLOGY INVESTMENT AND THE HIGH-TECH INDUSTRY HAVE BECOME INCREASINGLY IMPORTANT TO THE CITY, with businesses including Micron Technology, Healthwise, Bodybuilding.com, Crucial.com, MobileDataForce, MarkMonitor, Sybase, Balihoo.com, Wire Stone and Microsoft. The call center industry is also a major source of employment; there are over 20 call centers in the city employing more than 7,000 people.

Economy

Technology Investment

Top 5employers

Location

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167 MILES2 HRS 57 MINS

Sun Valley, Idaho

7 MILES15 MINS

Boise, Idaho

Distanceto

KEY 5 MINS 10 MINS 15 MINS

Demographics

POPULATION

5 MINS 10 MINS 15 MINS

2010 14,020 57,798 161,195

2017 15,999 67,005 190,904

2022 17,576 74,410 212,517

2017 HH INCOME

5 MINS 10 MINS 15 MINS

Average $94,971 $93,926 $82,062

Median $72,049 $70,375 $61,082

Drivetime

ADA COUNTY POPULATION (ESTIMATED)

434,211

Demographics

PAGE 23

Contact Us

SEAN MACKsmack@capitalpacific.comPH: 503.675.8378

KEVIN ADATTOkadatto@capitalpacific.comPH: 503.675.7726

SEAN TUFTSstufts@capitalpacific.comPH: 206.693.3357

MICHAEL HORWITZmhorwitz@capitalpacific.comPH: 503.675.8381

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The information in this Executive Summary 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. All rights reserved to Capital Pacific, LLC.

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