offering memorandum - loopnet...burgerking, taco bell, kfc, and many others. the subject is also in...
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STARBUCKS ANCHORED CENTER - VERNON, CT135 Talcottville Rd • Vernon, CT 06066
Offering Memorandum
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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended tobe reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any otherperson or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared toprovide summary, unverified information to prospective purchasers, and to establish only a preliminary level ofinterest in the subject property. The information contained herein is not a substitute for a thorough due diligenceinvestigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, withrespect to the income or expenses for the subject property, the future projected financial performance of theproperty, the size and square footage of the property and improvements, the presence or absence of contaminatingsubstances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of theimprovements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans orintentions to continue its occupancy of the subject property. The information contained in this Marketing Brochurehas been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will notverify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regardingthese matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of theinformation provided. All potential buyers must take appropriate measures to verify all of the information set forthherein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified inthis marketing package. The presence of any corporation's logo or name is not intended to indicate or implyaffiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates orsubsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included forthe purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
STARBUCKS ANCHORED CENTER - VERNON, CTVernon, CTACT ID Y0560294
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Laurie Ann (LA) Drinkwater, CCIM First Vice President InvestmentsDirector, National Retail Group | Net Leased Properties Group BOSTON OFFICEOffice: (617) 896-7230 Cell: (860) [email protected] License: CT: REB.0751880, MA: 147511, RI: B 16787
Seth J. RichardFirst Vice President Investments Director, National Retail Group | Net Leased Properties Group MANHATTAN OFFICEOffice: (212) 430-5164 Cell: (860) [email protected] License: CT: 0764595, NY 10401275108, MA 149700
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TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01Offering Summary
Location Overview
Regional Map
Local Map
Aerial Photo
FINANCIAL ANALYSIS 02
Tenant Summary
Pricing Detail
MARKET COMPARABLES 03Sales Comparables
MARKET OVERVIEW 04Market Analysis
Demographic Analysis
STARBUCKS ANCHORED CENTER - VERNON, CT
Property Photo
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STARBUCKS ANCHORED CENTER - VERNON, CT
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INVESTMENT
OVERVIEW
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STARBUCKS ANCHORED CENTER - VERNON, CT
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EXECUTIVE SUMMARY
OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES
Echn 3,605
Manchester School District 1,100
Manchester Memorial Hospital 1,000
Journal Inquirer 840
Paradigm Precision 791
Town of Vernon 701
Rockville General Hospital Inc 580
US Post Office 526
Manchester Healthcare Inc 500
Medco Health Services Inc 430
Manchester Community College 406
Osram Sylvania Inc 377
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2016 Estimate Pop 4,899 47,242 110,566
2016 Census Pop 4,883 47,231 110,490
2016 Estimate HH 2,134 20,162 46,658
2016 Census HH 2,126 20,113 46,499
Median HH Income $78,113 $73,179 $68,326
Per Capita Income $42,684 $40,172 $37,253
Average HH Income $97,936 $93,920 $88,066
VITAL DATA
YEAR 1
$4,650,500 CAP Rate 5.50%
100% / $4,650,500Net Operating Income
$255,780
Net Cash Flow After Debt Service
5.50% / $255,780
Total Return 5.50% / $255,780
5,286 SF
$879.78
100.0%
2016
Price
Down Payment
Gross Leasable Area (GLA)
Price/SF
Current Occupancy
Year Built / Renovated
Lot Size 2.4 acre(s)
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MAJOR TENANTS
TENANT GLA LEASE EXPIRATION LEASE TYPE
Starbucks 1,950 6/30/2026 NNN
Spring Mobile 1,800 6/30/2026 NNN
Farmington Bank 1,536 6/30/2036 NNN Ground
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STARBUCKS ANCHORED CENTER - VERNON, CT
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▪ NNN Starbucks Anchored Center | New Construction with 10 & 20 Year Lease Terms
▪ Strong Tenant Mix | Starbucks – Over 25,000 Locations | Spring Mobile – GameStop Subsidiary | Farmington Bank –$2.8 Billion in Assets, Deposits Increased Nearly 300% Year Over Year.
▪ Exposure to Over 30,000 Vehicles Per Day Along Route 83 | Nearby I-84 Traffic Counts Over 98,000 Vehicles Per Day on Average
▪ Area Retailers Include Stop & Shop, Price Chopper, CVS Pharmacy, HomeGoods, TJ Maxx, Staples, Harbor Freight Tools, GNC, Bank of America, Sally Beauty Supply, AutoZone, Goodyear, Mobil, Dunkin Donuts, McDonald’s, Burger King, Taco Bell, KFC, and Many Others
▪ Close Proximity to The Mansions at Hockanum Crossing | 700 Unit Luxury Apartment Community
▪ Population Over 110,000 and AHHI Over $86,000 in Five-Mile Radius | AHHI Over$96,000 in One-Mile Radius
INVESTMENT HIGHLIGHTS
OFFERING SUMMARY
INVESTMENT OVERVIEW
Marcus and Millichap is pleased to present the Starbucks Anchored Center located at 135 Talcottville Road, Vernon CT. The subject property is a 5,286 square-foot
shopping center comprised of two buildings on a 2.4 acre lot. The newly constructed center is anchored by Starbucks, and also features Spring Mobile and a
freestanding Farmington Bank branch. Starbucks has signed a new 10-year NNN lease, with 10% increases every five years. Spring Mobile, a GameStop subsidiary and
AT&T Authorized Retailer, is also on a new 10-year NNN lease and features 2% annual increases. Farmington Bank has over $2.8 Billion in assets and 26 locations
throughout Connecticut and Massachusetts. The Bank is on a new 20-year NNN Ground Lease with $3,000 annual increases in the first five years, and 10% increases
every five years thereafter. Bank deposits at this location have increased nearly 300% year over year. Starbucks is equipped with a full service drive-thru, and Farmington
Bank features two drive-thru banking lanes. The subject property benefits from its location in a dense trade area along Route 83, which provides exposure to over 30,000
vehicles per day. The subject is also just off I-84 which sees traffic counts over 98,000 vehicles per day on average.
The subject property sits at a traffic signal directly across from a CVS Pharmacy and a Stop & Shop supermarket anchored center, and is up the street from Tri-City
Plaza; a Price Chopper supermarket anchored center also housing such retail giants as HomeGoods, TJ Maxx, Staples, Harbor Freight Tools, GNC, and more. Additional area
retailers include Bank of America, United Bank, Kmart, Sally Beauty Supply, AutoZone, Goodyear, Meineke, Town Fair Tire, Citgo, Mobil, Dunkin Donuts, McDonalds,
Burger King, Taco Bell, KFC, and many others. The subject is also in close proximity to The Mansions at Hockanum Crossing, a 700 unit luxury apartment community.
The surrounding area shows excellent demographics, with a population over 110,000 and an average household income over $86,000 within a five-mile radius. Average
household income is even stronger in the immediate one-mile radius at over $96,000. The offering presents the rare opportunity to acquire a newly constructed, long-term retail
asset with a strong tenant mix and minimal landlord responsibility.
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PROPERTY OVERVIEW
STARBUCKS ANCHORED CENTER - VERNON, CT
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OFFERING SUMMARY
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Vernon is a celebrated place to live and work. From its beautiful parks and lakes, to its vast trails and historic homes and buildings, Vernon has it all. With a resident population of nearly 30,000 and occupying only 18.03 square miles, Vernon combines a balanced appreciation of history and a strong economic base for growth, both residential and commercial.
Located 15 minutes east of the Connecticut capital of Hartford, and 25 miles from the city of Springfield, Massachusetts, the Town of Vernon is strategically placed in “New England's Knowledge Corridor” with close proximity to some of the top colleges and universities in the county, including University of Connecticut and Trinity College.
With its easy access to several state routes as well as Interstate 84, Vernon is a diversified community. Because of its locale, Vernon provides homeowners the opportunity to enjoy suburbia, while enjoying a short commute to either Hartford or Springfield business districts.
Vernon is a full service local government, offering a wide range of benefits for its residents including public education, extensive parks and recreational opportunities, police, fire, emergency medical services to name a few. The Town of Vernon government seeks to practice a management philosophy of continuous improvements.
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LOCATION OVERVIEW
CLOSE PROXIMITY TO:
135 Talcottville Rd, Vernon, CT 06066
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMESTARBUCKS ANCHORED CENTER - VERNON, CT
PRICING AND VALUATION MATRIX
PROPERTY NAMESTARBUCKS ANCHORED CENTER - VERNON, CT
LOCATION OVERVIEW
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REGIONAL MAP
STARBUCKS ANCHORED CENTER - VERNON, CT
9
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LOCAL MAP
STARBUCKS ANCHORED CENTER - VERNON, CT
10
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AERIAL PHOTO
STARBUCKS ANCHORED CENTER - VERNON, CT
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STARBUCKS ANCHORED CENTER - VERNON, CT
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PROPERTY PHOTO
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STARBUCKS ANCHORED CENTER - VERNON, CT
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FINANCIAL
ANALYSIS
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FINANCIAL ANALYSIS
STARBUCKS ANCHORED CENTER - VERNON, CT
PRICING DETAIL
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NNN Ground
Comments(1) 10% Increases Every Five Years. Tenant has Right to Terminate starting End of Year 6. Requires 120 Day Notice. Results in $131,658 in
breakup fees to landlord.
(2) 2% Annual Increases Through Base and Options. Rent for last year of each Option shown.
(3) $3,000 Annual Increases in the First Five Years, and 10% Increases Every Five Years Thereafter. Farmington Bank on NNN Ground Lease.Ground Lease Total SF is 3,468.
(1)
(2)
(3)
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Fiscal Year Ended October 02, 2016
Starbucks Corporation
CREDIT RATING: A2 www.fdreports.com | www.creditntell.com | April 02, 2017
Wake up and smell the coffee -- Starbucks is everywhere. The world's #1 specialty coffee
retailer, Starbucks has more than 25,000 coffee shops in 75 countries. The outlets offer coffee
drinks and food items, as well as roasted beans, coffee accessories, and teas. Starbucks
operates more than 12,700 of its own shops, which are located mostly in the US, while licensees
and franchisees operate roughly 12,375 units worldwide (including many locations in shopping
centers and airports). In addition, Starbucks markets its coffee through grocery stores, food
service customers, and licenses its brand for other food and beverage products.
PROPERTY NAMESTARBUCKS ANCHORED CENTER - VERNON, CTPROPERTY NAMESTARBUCKS ANCHORED CENTER - VERNON, CT
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General Information
Address 2401 Utah Avenue, South , Seattle, Washington, 98134, United States
Phone 206-447-1575
Website www.starbucks.com
Store BaseStore Count 26,161
TTM Sales $21,976,100,000
Key PersonnelPresident & Chief Executive Officer Kevin R. Johnson
Chief Financial Officer Scott H. Maw
Chairman Howard schultz
Financial MarketsStock Ticker SBUX
Current Price $53.49 as of 8/9/17
52 Week High/Low $64.87 / $50.84
TENANT PROFILE
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TENANT PROFILE
STARBUCKS ANCHORED CENTER - VERNON, CT
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Spring Mobile
General Information
Tenant Name Spring Mobile
Website www.springmobile.com
Parent Company GameStop Corp.
Headquartered Salt Lake City, UT
Rentable Square Feet 1,800 SF
Lease Expiration 6/30/2026
No. of Locations 1,500+
GameStop Corp., a Fortune 500 company, is a global family of specialty retail
brands that makes the most popular technologies affordable and simple. GameStop
operates more than 7,000 stores across 14 countries. The company’s consumer
product network includes Spring Mobile, the largest authorized dealer of AT&T
wireless services. Spring Mobile was founded in 2001 in Salt Lake City, Utah.
Farmington Bank
General Information
Tenant Name Farmington Bank
Website www.farmingtonbankct.com
Headquartered Farmington, CT
Rentable Square Feet 1,535 SF
Lease Expiration 6/30/2036
No. of Locations 26
First Connecticut Bancorp, Inc. is the holding company for Farmington Bank, a well-
regarded community bank in Connecticut and western Massachusetts. Farmington
Bank, established in 1851, is known for its personalized customer service,
diversified consumer and commercial product offerings and strong ties to the
communities it serves throughout central Connecticut. The Farmington Bank
Community Foundation, the charitable arm of First Connecticut Bancorp, Inc.,
provides ongoing financial support fo
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STARBUCKS ANCHORED CENTER - VERNON, CT
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MARKET
COMPARABLES
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STARBUCKS ANCHORED CENTER - VERNON, CT
SALES COMPARABLES MAP
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STARBUCKS ANCHORED CENTER -VERNON, CT(SUBJECT)
Starbucks Anchored Center - Old Saybrook, MA
Starbucks Anchored Center - Latham, NY
Starbucks Anchored Center - Hopkington, MA
Starbucks - Broomall, PA
Bank of America - Windsor,
CT
SALES COMPARABLES
1
2
3
4
5
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19
Avg. 5.48%
0.0
0.6
1.2
1.8
2.4
3.0
3.6
4.2
4.8
5.4
6.0
Starbucks Anchored Center - Vernon, CT
Starbucks Anchored Center - Old Saybrook, MA
Starbucks Anchored Center - Latham, NY
Starbucks Anchored Center - Hopkington, MA
Starbucks - Broomall, PA
Bank of America - Windsor, CT
Average Cap Rate
PROPERTY NAMESTARBUCKS ANCHORED CENTER - VERNON, CT
SALES COMPARABLESSALES COMPARABLES SALES COMPS AVG
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PROPERTY NAME
MARKETING TEAM
STARBUCKS ANCHORED CENTER - VERNON, CT
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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SALES COMPARABLES
Annual Per SF
Income $255,780 $48.39
NOI $255,780 $48.39
Occupancy 100.0%
Tenants Lease Type
Asking Price: $4,650,500 Starbucks NNN
Price/SF: $879.78 Spring Mobile NNN
CAP Rate: 5.50% Farmington Bank NNN Ground
Year Built: 2016
STARBUCKS ANCHORED CENTER - VERNON, CT135 Talcottville Rd, Vernon, CT, 06066
1
NOTESNNN Starbucks Anchored Center. Exact Lease Terms Unknown. Population and AHHI in 1 / 5 Mile Radius - 2,400+ / 25,000+ and $74,000+ / $87,000+
Tenants Lease TypeClose Of Escrow:
5/23/2017 Starbucks NNN
Sales Price: $2,030,466 Ben & Jerry's NNN
Price/SF: $313.01
CAP Rate: 5.50%
Year Built: 1940
STARBUCKS ANCHORED CENTER - OLD SAYBROOK, CT15-19 Main Street, Old Saybrook, CT, 06475
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NOTESNNN Starbucks Anchored Center. Both tenants 10 Years Remaining. Population and AHHI in 1 / 5 Mile Radius - 6,200+ / 153,000+ and $61,000+ / $57,000+
Tenants Lease TypeClose Of Escrow:
5/4/2017 Starbucks NNN
Sales Price: $3,100,000 Mayfield Jewelers NNN
Price/SF: $771.72
CAP Rate: 6.00%
Year Built: 2003
STARBUCKS ANCHORED CENTER -LATHAM, NY549 Troy Schenectady Rd, Latham, NY, 12110
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PROPERTY NAME
MARKETING TEAM
STARBUCKS ANCHORED CENTER - VERNON, CT
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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SALES COMPARABLES
3
NOTESNNN Starbucks Anchored Center. Starbucks 9+ Years Remaining, IM Wireless 4+ Years Remaining, UniBank 15 Years Remaining, Nail Salon 15 Years Remaining. Population and AHHI in 1 / 5 Mile Radius - 1,900+ / 56,000+ and $175,000+ / $141,000+
Tenants Lease TypeClose Of Escrow:
2/25/2016 Starbucks NNN
Sales Price: $5,025,000 IM Wireless NNN
Price/SF: $676.31 Uni Bank NNN
CAP Rate: 5.74% Nail Salon NNN
Year Built: 2015
STARBUCKS ANCHORED CENTER -HOPKINGTON, MA85 W Main St, Hopkinton, MA, 01748
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NOTESNNN Starbucks. 10 Years Remaining. Population and AHHI in 1 / 5 Mile Radius - 11,600+ / 290,000+ and $102,000+ / $106,000+
Tenants Lease TypeClose Of Escrow:
12/20/2016 Starbucks NNN
Sales Price: $3,360,000
Price/SF: $1,600.00
CAP Rate: 5.00%
Year Built: 2016
STARBUCKS - BROOMALL, PA2200 W Chester Pike, Broomall, PA, 19008
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NOTESNNN Ground Leased Bank of America. 12 Years Remaining. Population and AHHI in 1 / 5 Mile Radius - 2,200+ / 55,000+ and $96,000+ / $92,000+
Tenants Lease TypeClose Of Escrow:
4/5/2017 Bank of America NNN
Sales Price: $3,100,000
Price/SF: $666.67
CAP Rate: 5.15%
Year Built: 2007
BANK OF AMERICA - WINDSOR, CT1045 Kennedy Road, Windsor, CT, 06095
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STARBUCKS ANCHORED CENTER - VERNON, CT
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MARKET
OVERVIEW
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MARKET OVERVIEW
OVERVIEWHARTFORD
The Hartford metro is located in the state of Connecticut and houses the
state capitol in Hartford and the University of Connecticut in Storrs. The
area is known nationally for its role as a focal point for the American
insurance industry. Overall, the region has a diverse economic
background including aerospace, hydrogen/fuel cell technology, laser
manufacturing and healthcare industries. Collectively over a half million
people are employed in local industries.
A large number of notable financial services and insurance companies are located in the metro including Aetna, the Hartford, the Phoenix Cos. and Travelers Insurance.
Hartford is a center for medical care, research and education. The city of Hartford includes HartfordHospital, the Institute of Living, Connecticut Children's Medical Center, and Saint Francis Hospital &Medical Center. The University of Connecticut enrolls more than 32,000 students.
Other notable companies with significant operations in the metro include chemical and consumergoods company Henkel, locally headquartered technology firm United Technologies Corp. andmedia giant ESPN, which is also headquartered in the metro.
40.52016
MEDIAN AGE:
$69,300 2016 MEDIAN
HOUSEHOLD INCOME:
DEMOGRAPHICS
U.S. Median:
37.7U.S. Median:
$57,200
1.2M2016
POPULATION:
Growth2016-2021*:
2%
475K2016
HOUSEHOLDS:
2.6%
Growth2016-2021*:
ECONOMY
* ForecastSources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau
STARBUCKS ANCHORED CENTER - VERNON, CT
EDUCATIONAL ATTAINMENTNearly 36 percent of residents age 25 and older hold a bachelor’s degree, while more than 15 percent also hold a graduate or professional degree
HIGH-INCOME HOUSEHOLDSMore higher-income households compared with the U.S. allow a larger number of people to own a house, resulting in a 67 percent rate of homeownership.
CULTURALLY DIVERSEThe Hartford region is home to more than 150 local arts, cultural and heritage organizations and local athletics including the UConn Huskies and the Travelers Championship PGA Tournament.
METRO HIGHLIGHTS
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STARBUCKS ANCHORED CENTER - VERNON, CT
DEMOGRAPHICS
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PROPERTY NAME
MARKETING TEAM
STARBUCKS ANCHORED CENTER - VERNON, CT
DEMOGRAPHICS
Source: © 2016 Experian
Created on August 2017
POPULATION 1 Miles 3 Miles 5 Miles 2021 Projection
Total Population 5,251 48,923 113,372
2016 Estimate
Total Population 4,899 47,242 110,566
2010 Census
Total Population 4,883 47,231 110,490
2000 Census
Total Population 3,938 43,095 103,070
Current Daytime Population
2016 Estimate 4,221 44,650 101,166
HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2021 Projection
Total Households 2,335 21,164 48,185
2016 Estimate
Total Households 2,134 20,162 46,658
Average (Mean) Household Size 2.31 2.32 2.35
2010 Census
Total Households 2,126 20,113 46,499
2000 Census
Total Households 1,591 17,601 42,774
Occupied Units
2021 Projection 2,335 21,164 48,185
2016 Estimate 2,289 21,332 49,455
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2016 Estimate
$150,000 or More 12.49% 11.20% 9.54%
$100,000 - $149,000 20.86% 19.20% 17.88%
$75,000 - $99,999 17.07% 16.25% 15.88%
$50,000 - $74,999 15.60% 18.32% 18.55%
$35,000 - $49,999 11.36% 12.36% 13.19%
Under $35,000 20.88% 20.58% 23.02%
Average Household Income $97,936 $93,920 $88,066
Median Household Income $78,113 $73,179 $68,326
Per Capita Income $42,684 $40,172 $37,253
HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure $84,982 $84,742 $82,963
Consumer Expenditure Top 10Categories
Housing $23,692 $23,488 $23,066
Transportation $15,338 $15,372 $14,938
Shelter $14,124 $14,113 $13,946
Food $8,710 $8,597 $8,387
Personal Insurance and Pensions $7,301 $7,356 $7,102
Health Care $5,227 $5,049 $4,851
Utilities $4,995 $4,941 $4,834
Entertainment $3,505 $3,432 $3,359
Cash Contributions $3,226 $3,131 $2,967
Education $2,303 $2,330 $2,259
POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population By Age
2016 Estimate Total Population 4,899 47,242 110,566
Under 20 20.08% 21.28% 22.47%
20 to 34 Years 18.36% 21.16% 22.39%
35 to 39 Years 5.65% 5.92% 6.34%
40 to 49 Years 13.16% 12.69% 12.92%
50 to 64 Years 21.90% 21.63% 20.90%
Age 65+ 20.87% 17.32% 14.96%
Median Age 44.63 41.40 39.01
Population 25+ by Education Level
2016 Estimate Population Age 25+ 3,633 34,074 78,106
Elementary (0-8) 1.26% 1.33% 1.86%
Some High School (9-11) 3.91% 4.25% 5.12%
High School Graduate (12) 29.13% 25.66% 26.34%
Some College (13-15) 17.49% 18.89% 19.34%
Associate Degree Only 7.07% 10.13% 9.43%
Bachelors Degree Only 22.62% 22.50% 22.24%
Graduate Degree 17.66% 16.67% 15.05%
25
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S T A R B U C K S A N C H O R E D C E N T E R - V E R N O N , C T
Laurie Ann (LA) Drinkwater, CCIM First Vice President InvestmentsDirector, National Retail Group | Net Leased Properties Group BOSTON OFFICEOffice: (617) 896-7230 Cell: (860) [email protected] License: CT: REB.0751880, MA: 147511, RI: B 16787
Seth J. RichardFirst Vice President Investments Director, National Retail Group | Net Leased Properties Group MANHATTAN OFFICEOffice: (212) 430-5164 Cell: (860) [email protected] License: CT: 0764595, NY 10401275108, MA 149700
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