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Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 www.coopergrp.com Bob Havasi [email protected] (888) 525-5695 x10 Dan Cooper [email protected] (888) 525-5695 x12 In Cooperation with Licensed NH Broker

Bob Havasi [email protected] (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Page 1: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 www.coopergrp.com

Bob Havasi [email protected] (888) 525-5695 x10

Dan Cooper [email protected] (888) 525-5695 x12 In Cooperation with Licensed NH Broker

Page 2: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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INVESTMENT SUMMARY

Investment Highlights …………….……… 4

Investment Overview …………………..… 5

Location Overview …………………………. 6

Offering Summary …….………….………… 7

Tenant Article/Overview ……………….. 8-9

PROPERTY ANALYSIS

Aerial Maps...…………………….……………. 10-11

Location Maps .………………….…………… 12

Demographics ..………………….…...……… 13

Disclosure & Confidentiality …....……… 14

Page 3: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Page 4: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

Single-Tenant, 10,000 S.F. NNN Location with High Profile, Publicly-Traded Dollar Tree (NASDAQ: DLTR/S&P “BB+”/Moody's “Ba1”): Recently Executed 5-Year Lease Extension

Dominant Retail Corridor in Strong Community (Average Household Incomes Over $73,000, 5 Miles) Drawing From a 20-25 Mile Radius as Next Closest Walmart Stores are Approximately 30 Miles Away

Shadow Anchored by Corp. Owned Walmart Supercenter: Highly Visible Prominent Signage at Entrances Off Main Roadway and Near Other Complimentary Retailers

No Daily Management Responsibilities: Tenant Handles All Common Area Maintenance and Real Estate Taxes Directly

Freestanding, Corp. Location Strategically Positioned in the Commercial/Retail Corridor with Excellent Exposure Along One of the Most Heavily Traveled Roadways, Tenney Mountain Highway Positioned Between I-93 and Rumney Route 25

Surrounded by Major Employers: Plymouth State University (4 Miles), 7,100 Students on a 170-Acre Campus and Employs Nearly 195 on the Academic Staff (2 Hours From Boston, MA), Speare Memorial Hospital, and Plymouth Regional High School

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INVESTMENT HIGHLIGHTS

DOLLAR TREE - PLYMOUTH, NH

Page 5: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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INVESTMENT OVERVIEW The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the single-tenant Dollar Tree location (NASDAQ: DLTR/Moody’s “Ba1”/S&P “BB+”), shadow anchored by Walmart Supercenter in Plymouth, New Hampshire. The 10,000 S.F. property is being offered for $1,345,000, representing an 8.00% CAP Rate. Dollar Tree is on a NNN lease structure and recently completed its initial 10-year term and exercised its first five year option period, showing dedication to the location and market. The tenant handles all on-site maintenance and taxes directly leaving the owner with no daily management responsibilities.

The center also benefits from major shadow retailers, Walmart Supercenter (corporately owned), Tractor Supply, O’Reilly Auto Parts and many other complimentary retailers. The retail corridor is surrounded by a strong residential community with average household incomes over $73,000 within a 5-mile radius and draws from a 20-25 mile radius being that the next closest Walmart store is located approximately 30 miles away.

Walmart Plaza is positioned along Tenney Mountain Highway, an east-west roadway that runs between the major north-south I-93 and Rumney Route 25. I-93 is an Interstate Highway in the New England region and begins in Canton, Massachusetts, in the Boston metropolitan area, at I-95; and ends near St. Johnsbury, Vermont, at I-91. It is one of three mainline Interstate highways located entirely in New England. The largest cities along its route are Manchester, New Hampshire and Boston, Massachusetts. It also passes through the New Hampshire state capital of Concord. The featured center is located along the main retail roadway, while being less than 4 miles to the area’s major employers, including Plymouth State University, Speare Memorial Hospital, and Plymouth Regional High School. Speare Medical Hospital is a 100,000 square foot Critical Access Hospital with nearly 150 employees and recently underwent a $15 million renovation and expansion project to support the region. Plymouth State University enrolls approximately 4,100 undergrad students and approximately 3,000 graduate students on its 170-acre campus with nearly 195 employees on the academic staff. The Plymouth Regional High School is ranked 14th within the state of New Hampshire with 678 students and over 60 teachers. With the building’s desirable location, inviting appearance, and the area’s need for Dollar Tree; the asset is positioned to be a solid investment well into the future.

Page 6: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Plymouth is a town in Grafton County, New Hampshire, in the White Mountains Region. Plymouth is located at the convergence of the Pemigewasset and Baker rivers. The town is home to Plymouth State University, Speare Memorial Hospital, and Plymouth Regional High School. Located in central New Hampshire, Plymouth is within minutes of ski resorts, lakes, and parks and only two hours from Boston. Plymouth offers beautiful scenic views in all seasons as well as outdoor recreational opportunities, shopping and services. Speare Memorial Hospital is a 100,000 square foot Critical Access Hospital with nearly 150 employees. The hospital recently underwent a $15 million renovation and expansion project. The addition of 23,000 square feet of space has resulted in the reorganization and renovation of departments to make patient and visitor access and flow more efficient, increased parking, and updated infrastructure and state-of-the art technology to support patients’ health and wellness across the spectrum of life. Speare has received the National Rural Health Resource Center Recognition for Quality Award for excellence in innovation in healthcare, and for demonstrating commitment to offering the highest quality care to our patients and the communities. Speare is one of only eight critical access hospitals nationwide to receive the award and the only hospital in New Hampshire. Speare Memorial Hospital is “up the hill” from Main Street, Plymouth’s downtown area and adjacent to Plymouth State University. The hospital campus is accessible from both exits 25 and 26 off Interstate 93. Plymouth State University has evolved to a state university. With an enrollment of approximately 4,100 undergraduate and approximately 3,000 graduate students on a 170-acre campus offering a classic New England look combined with up-to-date facilities. These include the Lamson Library and Learning Commons; the Boyd Science Center; Langdon Woods, a LEED certified, environmentally conscious residence hall; a Welcome Center and Ice Arena; ALLWell North, a 107,600-square-foot academic and athletic complex; and PSU’s newest addition, Merrill Place Residence Hall and Conference Center. On top of the nearly 7,100 students, the university employs nearly 195 on the academic staff.

LOCATION OVERVIEW

Page 7: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Price:

Down Payment:

GLA:

Price/S.F.:

NOI:

CAP Rate:

Year Built:

Lot Size:

Exterior:

$1,345,000

$336,250

10,000 S.F

$134.50

$107,500

8.00%

2006

Approx. 3.52 Acres

Brick/Metal

OFFERING SUMMARY

Rental Income:

NOI:

Annual Debt Service:

Structural Reserve ($0.10/S.F.):

Cash Flow After Reserves:

Cash-on-Cash Return:

$107,500

$107,500

$65,577

$2,000

$39,923

11.87%

Operating Data

Loan Amount:

Loan Type:

Interest Rate:

Amortization:

Term:

Loan-to-Value (LTV):

Monthly Debt Payment:

Anticipated New Financing

$1,008,750

New Loan

4.25%

25 Years

5 Years

75.00%

$5,464.75

Dollar Tree

Triple Net (NNN)

4.5 Years

2006

2/28/2022

(1) 5-Yr.

None

None

Landlord Responsibility

Tenant Responsibility

Tenant Handles Direct

Tenant Handles Direct

Tenant Handles Direct

Tenant Reimburses

Landlord Responsibility

$8,958.33

$10,416.67

$107,500.00

$125,000.00

Current:

Option 1 (3/1/2022):

Annual

$10.75

$12.50

Monthly

Tenant Name:

Lease Type:

Remaining Lease Term:

Tenant Since:

Lease Expiration Date:

Option to Extend:

Rental Increase (s):

Options to Terminate:

Roof:

HVAC:

Parking Lot Repair & Maintenance:

Common Area Maintenance:

Real Estate Taxes:

Insurance:

Structure:

PSF

TENANT SUMMARY

Tenant Base Rent Schedule

Page 8: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Page 9: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Property Name:

Property Address:

Property Type:

Ticker Symbol:

Moody’s Credit Rating:

S&P Credit Rating:

# of Locations:

Headquartered:

Web Site:

Dollar Tree (Corporate)

695 Tenney Mountain Highway

Plymouth, NH 03264

Single-Tenant NNN

NASDAQ: DLTR

“Ba1”

“BB+”

14,334

Chesapeake, VA

www.dollartree.com

Dollar Tree, Inc. operates variety retail stores in the United States and Canada. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise. Dollar Tree operates 11 distribution centers, and a store support center in Matthews, North Carolina. As of 2017, the company reported operation of 14,334 stores in 48 states and the District of Columbia, and 5 Canadian provinces.

Page 10: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Page 11: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Page 12: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Page 13: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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Page 14: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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695 Tenney Mountain Hwy 3 mi radius 5 mi radius 10 mi radius 15 mi radius 20 mi radius 25 mi radius

Plymouth, NH 03264

POPULATION

2017 Estimated Population 6,337 9,562 20,050 36,098 58,946 120,918

2022 Projected Population 6,274 9,494 19,981 36,181 59,238 121,787

2010 Census Population 6,652 9,959 20,549 36,531 59,140 121,237

2000 Census Population 5,641 8,580 17,882 32,328 53,594 113,982

Historical Annual Growth 2000 to 2017 0.7% 0.7% 0.7% - 0.1% 0.1%

2017 Median Age 29.3 34.7 41.3 43.8 45.8 45.3

HOUSEHOLDS

2017 Estimated Households 1,750 3,145 7,865 14,842 24,975 51,486

2022 Projected Households 1,816 3,284 8,251 15,583 26,211 53,786

2010 Census Households 1,810 3,185 7,767 14,463 24,115 49,787

2000 Census Households 1,586 2,756 6,577 12,401 21,088 45,330

Projected Annual Growth 2017 to 2022 0.8% 0.9% 1.0% 1.0% 1.0% 0.9%

Historical Annual Growth 2000 to 2017 0.6% 0.8% 1.2% 1.2% 1.1% 0.8%

RACE AND

ETHNICITY

2017 Estimated White 95.1% 95.3% 95.8% 96.1% 96.3% 95.8%

2017 Estimated Black or African American 1.2% 1.0% 0.7% 0.6% 0.6% 0.7%

2017 Estimated Asian or Pacific Islander 1.3% 1.3% 1.1% 1.0% 1.0% 1.4%

2017 Estimated American Indian or Native Alaskan 0.3% 0.3% 0.3% 0.3% 0.3% 0.3%

2017 Estimated Other Races 2.1% 2.1% 2.0% 2.0% 1.8% 1.9%

2017 Estimated Hispanic 2.4% 2.1% 1.6% 1.6% 1.6% 1.7%

INCOME

2017 Estimated Average Household Income $63,041 $73,778 $78,047 $76,559 $85,047 $84,292

2017 Estimated Median Household Income $51,927 $55,821 $58,226 $60,099 $66,209 $67,574

2017 Estimated Per Capita Income $19,317 $25,601 $31,289 $31,907 $36,321 $36,119

EDUCATION

(AGE 25+)

2017 Estimated Elementary (Grade Level 0 to 8) 2.0% 2.2% 2.2% 2.0% 1.8% 1.8%

2017 Estimated Some High School 5.6% 4.8% 4.8% 5.4% 5.2% 6.0%

2017 Estimated High School Graduate 26.7% 27.8% 29.9% 29.9% 29.9% 31.1%

2017 Estimated Some College 16.6% 16.8% 17.6% 18.3% 18.6% 18.4%

2017 Estimated Associates Degree Only 11.3% 10.2% 8.8% 9.3% 9.4% 9.4%

2017 Estimated Bachelors Degree Only 17.7% 18.6% 20.1% 20.4% 20.7% 19.7%

2017 Estimated Graduate Degree 20.0% 19.7% 16.6% 14.7% 14.5% 13.6%

BUSINESS

2017 Estimated Total Businesses 445 593 1,002 1,800 2,812 6,294

2017 Estimated Total Employees 5,099 6,247 8,784 16,403 25,098 62,153

2017 Estimated Employee Population per Business 11.5 10.5 8.8 9.1 8.9 9.9

2017 Estimated Residential Population per Business 14.3 16.1 20.0 20.1 21.0 19.2

FIGURES DO NOT INCLUDE STUDENTS ATTENDING PLYMOUTH STATE UNIVERSITY (7,100 STUDENTS)

Page 15: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

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DISCLOSURE, CONFIDENTIALITY & DISCLAIMER

CONFIDENTIALITY AGREEMENT DISCLOSURE & DISCLAIMER The information within this Offering Memorandum will set forth an understanding regarding the relationship between the Recipient of this package (the “Recipient”) and The Cooper Group and the confidentiality of the investment information to be supplied to you and your organization for use in considering, evaluating and/or purchasing this property (the “Property”). The recipient acknowledges that all financial, contractual, marketing, and informational materials including but not limited to lease information, occupancy information, financial information, projections, data information and any other similar information provided by The Cooper Group which relates to the Property (collectively, the Confidential Information), whether said information was transmitted orally, in print, in writing or by electronic media is confidential in nature and is not to be copied or disseminated to any party without the prior consent of The Cooper Group. The Recipient acknowledges and agrees that the Confidential Information is of such a confidential nature that severe monetary damage could result from dissemination of that information to unauthorized individuals. The Recipient shall limit access to the Confidential Information to those individuals in the Recipient’s organization with a “need to know” and shall take all precautions reasonably necessary to protect the confidentiality of the Confidential Information. The Recipient acknowledges and agrees that the Confidential Information and any copies thereof are the property of The Cooper Group and that all such information will be returned to The Cooper Group upon written request. Any offers or inquiries from Recipient in connection with this investment proposal shall be forwarded, confidentiality, to The Cooper Group. Other than The Cooper Group, recipient agrees that neither Recipient nor The Cooper Group shall be obligated to pay any procuring broker fees in connection with this investment unless a separate written Brokerage Agreement is entered into and written acknowledgement of any procuring Brokerage Agreement is received from all parties to the investment transaction. Procuring brokers must provide written introductions of potential investors and receive written acknowledgment from The Cooper Group for representation to be recognized. This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

The Memorandum contains selected information pertaining to the property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property, to be all-inclusive or to contain all or part of the information which perspective Recipients may require to evaluate the purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the owner or The Cooper Group. All references disclosed herein related to acreage, square footages and/or other measurements may be approximations and the best information available. The summaries of information included herein do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Photos herein are the Property and respective owners and use of these images without the express written consent of the owner is prohibited. The owner and the Cooper Group expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or terminate discussions with any entity and any time with or without notice which may arise as a result of review of this Memorandum. Neither the owner or the Cooper Group, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or its contents; and you are to rely solely on your investigators and inspections of the property in evaluating a possible purchase of the Property. The information contained in this document has been obtained from sources to be reliable. While the Cooper Group does not doubt its accuracy, the Cooper Group has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the Property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors.

Page 16: Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10images2.loopnet.com/d2/EOjpgs09TNHMB7ZCdzwdovJJoCvzohjkV5V0uv0FuEw/document.pdfBob Havasi . Cooper Commercial Investment Group

Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 www.coopergrp.com

Bob Havasi [email protected] (888) 525-5695 x10

Dan Cooper [email protected] (888) 525-5695 x12