nestle - loopnet€¦ · overview company: nestle founded: 1866 total revenue: chf 89.791 billion...
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NESTLE4545 NE 50TH ST.DES MOINES, IA 50317
Exclusively Listed by:
Vladimir C. HritcuAdvisor SVN|Stewart Commercial Group, LLCP.734.926.0005 [email protected]
Daniel G. Stewart Managing Director SVN|Stewart Commercial Group, [email protected]
Listed In conjuction with:David B Zacharia Iowa Real Estate Broker # B64850000
Disclaimer
NESTLE | 4545 NE 50TH ST. , DES MOINES, IA 50317
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.
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The material contained in this Marketing Package is furnished solely for the purpose of considering the purchase oftheproperty within and is not to be used for any other purpose. This information should not, under anycircumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor, David B Zacharia or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor and David B Zacharia listed inthis marketing package, and no other person is authorized by the Owner to provide anyinformationor to make anyrepresentations other than contained in this marketing package. If the person receivingthese materialsdoes not chooseto pursue a purchase of the Property, this marketing package must be returned.
Neither the SVN Advisor, David B Zacharia, nor the Owner make any representation or warranty, express or implied, asto the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be reliedupon as a promiseor representation as to the future representation of the Property. This marketing package mayincludecertain statementsand estimates with respect to the Property. These Assumptions may or may not be provento becorrect, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor, David B Zacharia and the Owner disclaim any andall liability for representations or warranties, expressed or implied, containedin or omitted from this marketing package, orany other written or oral communication transmitted or made available tothe recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made toit in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor, David B Zacharia nor any of their officers, employees, representatives, independentcontractors or affiliates,for the accuracy or completeness thereof. Recipients of this marketing package are advised andencouraged to conducttheir own comprehensive review and analysis of the Property.
This marketing package is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing themarketing package or making an offer to purchase the Property unless and until the Owner executes and delivers asigned RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting anoffer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Ownerand theSVN Advisor and David B Zacharia from any liability with respect thereto.
OFFERING SUMMARY
Sale Price: $1,500,000
Cap Rate: 6.44%
NOI: $96,600
Lot Size: 2.22 Acres
Year Built: 2018
Building Size: 4,000 SF
Zoning: M-1
Price / SF: $375.00
PROPERTY OVERVIEWSingle Tenant Net Leased Transfer Station. 100% Occupied by Nestle, TheLargest Food and Beverage Company in the World. Longstanding presence inDes Moines, Nestle selected this site to relocate to in 2018. The property isspecifically equipped for Nestle's distribution needs, with 3 phase power,charging stations, and food grade finishes in the warehouse. Located at theintersection of I-80 and I-65 means convenient freeway access and expediteddelivery. This is a unique opportunity for investors to passively bank on thestrength of the one of the largest companies on the planet
PROPERTY HIGHLIGHTS
• Built-To-Suit
• High Quality Construction
• Prime Location
• Strong Local Market
• Minimal LL Responsibilities
• Marquee Tenant
Summary
NESTLE | 4545 NE 50TH ST. , DES MOINES, IA 50317 | Page 3
LEASE
• Lease End: 3/31/2023
• Renewal Options: One Five (5) Year Renewal Option
• Lease Rate: $24.15/sf
• LL Responsibilities: Roof, Structure, Parking Lot (Repair/Replace), HVAC (Repair/Replace)
• Tenant Responsibilities: Real Estate Taxes (Reimbursed),Insurance (Reimbursed), CAM, Utilities, Parking Lot(Maintenance), HVAC (Maintenance), Interior Repairs (Doors,Windows, etc.)
PROPERTY
• Relocation Site - Built-to-Suit - Warranties in Place
• High Quality Brick and Steel Construction - Metal Roof
• Concrete Parking Lots and Loading Docs
• 4 Hi lift loading docs, w/ levelers, shelters, extended awnings
• Custom Power and Charging Stations
• 2.22 Acres - Room for Future Expansion
LOCATION
• Easy Access to Interstates I-80 and I-65
• Growth Market
• Steady Population Growth - 1.6% Annually Expected by 2023
• Steady Income Growth - 1.9% Annually Expected by 2023
• Limited Industrial Product Available
• Des Moines, IA Ranked #1 in 2010 & 2014 by Forbes as the"Best Place For Business"
Highlights
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SALE PRICE $1,500,000
LOCATION INFORMATION
Building Name Nestle
Street Address 4545 NE 50th St.
City, State, Zip Des Moines, IA 50317
County/Township Polk
Cross Streets I-80 & I-65
BUILDING INFORMATION
Building Size 4,000 SF
NOI $96,600
Cap Rate 6.44%
Price / SF $375.00
Year Built 2018
Occupancy % 100%
Tenancy Single
Number Of Floors 1
Gross Leasable Area 4,000 SF
Load Factor Yes
Construction Status Existing
Framing Steel
Condition Excellent
Roof Sloped Standing Seam Metal
Free Standing Yes
Walls Food Grade Metal Liner Panels
PROPERTY DETAILS
Property Type Industrial
Property Subtype Truck Terminal/Hub/Transit
Zoning M-1
Lot Size 2.22 Acres
APN# 060-00712122000
Corner Property Yes
PARKING & TRANSPORTATION
Parking Description Concrete Parking Lot
UTILITIES & AMENITIES
Handicap Access Yes
Central HVAC Office
Restrooms Yes
Sprinklers Fully Sprinkled
Power Yes
Property Details
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Additional Photos
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Parcel Map
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OVERVIEW
Company: Nestle
Founded: 1866
Total Revenue: CHF 89.791 Billion
Net Income: CHF 7.538 Billion
Total Assets: CHF 130,38 Billion
Headquarters: Vevey, Vaud, Switzerland
Stock Price: NESN (SWX) CHF 80.98
SITE SPECIFIC TENANT DETAILS
• 100% Leased and Occupied by Nestle Dreyer's Ice Cream
Company. Founded in 1928 by William Dreyer and Joseph
Edy, DREYER'S has grown to become one of the best
premium ice cream brands in the U.S. The facility is used
specifically for the distribution of frozen foods.
NESTLE
A Swiss transnational food and drink company headquarteredin Vevey, Vaud, Switerland. It is the largest food company inthe world, measured by revenues and other metrics since 2014.It ranked No. 64 on the Fortune Global 500 in 2017 and No. 33on the 2016 edition of Forbes Global 2000 list of largest publiccompanies.
Nestle's products include baby food, medical food, bottledwater, breakfast cereals, coffee and tea, confectionery, dairyproducts, ice cream, frozen foods, and snack. 29 of Nestle'sbrands have annual sales of over $1.1 billion, includingNespresso, Nescafe, Kit Kat, Smarties, Nesquick, Stouffer's,Vittel, and Maggi.
Nestle has 447 factories, operates in 194 countries, andemploys an estimated 339,000 people. In May of 2018 Nestleand Starbucks announced a $7.15 billion distribution deal, whichallows Nestle to market, sell, and distribute Starbucks coffeeglobally and to incorporate the brands coffee into Nestle'sproprietary self serve system, expanding the overseas marketsfor both companies.
Nestle
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CITY INFORMATION
Founded: 1843
Population: 634,725 (2018)
Area: 90.65 Square Miles
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CITY HIGHLIGHTS
• State Capital and Largest City in Iowa• Strong Local Economic Drivers• Growth Market
DES MOINES, IA
The capital city and most populous city in Iowa. A major center of the U.S. insurance industry and with a sizable financial servicesand publishing business base. Des Moines has received many acknowledgments as one of the largest "insurance capitals" of theworld. The city is headquarters for the Principal Financial Group, EMC Insurance Companies, and the Meredith Corporation. Manyother major corporation have substantial operations in Des Moines, such as, Wells Fargo, Nationwide Mutual Insurance Group,DuPont, Microsoft, Hewlett Packard and Facebook. strong regional economic driver, with expected growth. The population withina 10 mile radius of the Nestle site has grown by 30% since 2000 and is expected to grow by nearly 10% over the next 5 years.Average household income is also expected to grow by nearly 10% over the next 5 years. Current average annual householdincome within a 10 mile radius exceeds $76,544.
Des Moines, IA
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Regional Map
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Location Maps
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Aerial Map
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Parcel Outline
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