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LAYTON MAIN STREET RETAIL CENTER O F F E R I N G M E M O R A N D U M 836 SOUTH MAIN STREET LAYTON, UT 84041

LAYTON MAIN STREET RETAIL CENTER - LoopNet€¦ · Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019 Capital Partners, ... Layton, UT is located on the

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Page 1: LAYTON MAIN STREET RETAIL CENTER - LoopNet€¦ · Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019 Capital Partners, ... Layton, UT is located on the

L A Y T O N M A I N S T R E E T R E T A I L C E N T E R

O F F E R I N G M E M O R A N D U M

8 3 6 S O U T H M A I N S T R E E T

L A Y T O N , U T 8 4 0 4 1

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O F F I C E S N A T I O N W I D E A N D T H R O U G H O U T C A N A D A

WWW.MARCUSMILLICHAP.COM

L A Y T O N M A I N S T R E E T R E T A I L C E N T E R

PRESENTED BY:

BRETT JONESA s s o c i a t e

S a l t L a k e C i t yC e l l : ( 8 0 1 ) 6 3 1 . 9 5 4 0

O f f i c e : ( 8 0 1 ) 7 3 6 . 2 6 5 1b r e t t . j o n e s @ m a r c u s m i l l i c h a p . c o m

L i c e n s e : U T 9 7 6 1 8 0 2 - S A 0 0

TOD JONESS e n i o r A s s o c i a t e

S a l t L a k e C i t yC e l l : ( 8 0 1 ) 6 3 3 . 4 0 5 0

O f f i c e : ( 8 0 1 ) 7 3 6 . 2 6 1 9t o d . j o n e s @ m a r c u s m i l l i c h a p . c o m

L i c e n s e : U T 5 4 5 0 6 1 7 - S A 0 0

MATTHEW PORTERS e n i o r A s s o c i a t e

S a l t L a k e C i t yC e l l : ( 2 0 8 ) 8 5 1 . 8 3 5 7

O f f i c e : ( 8 0 1 ) 7 3 6 . 2 6 3 8m a t t h e w . p o r t e r @ m a r c u s m i l l i c h a p . c o m

L i c e n s e : U T 7 7 7 0 2 0 9 - S A 0 0

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Page 3: LAYTON MAIN STREET RETAIL CENTER - LoopNet€¦ · Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019 Capital Partners, ... Layton, UT is located on the

VITAL DATA

Price $915,000

Price/SF $162.81

CAP Rate 7.44%

Proforma NOI $68,119

Occupancy 88%

Year Built 2006

Building Size 5,620 SF

Lot Size 0.48 Acres / 20,909 SF

TENANT LEASE TYPE GLA % OF GLA ANNUAL RENT RENT/SF LEASE START LEASE END

Black Halo Salon & Spa Modified Gross 2,810 SF 50.0% $51,000 $18.15 May 2017 Dec 2019

Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019

Capital Partners, LLC Gross 622 SF 11.1% $10,200 $16.40 Jan 2018 Dec 2019

Innovative Business Concepts Gross 648 SF 11.5% $9,900 $15.28 June 2018 June 2020

Vacant N/A 675 SF 12.0% $10,320 $15.29 N/A N/A

E X E C U T I V E S U M M A R Y

8 3 6 S o u t h M a i n S t r e e t | L ay t o n , U T 8 4 0 4 1

L A Y T O N M A I N S T R E E T R E T A I L C E N T E R

3

O F F E R I N G H I G H L I G H T S

R E N T R O L L

O F F E R I N G P R I C E

$ 9 1 5 , 0 0 0

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I N V E S T M E N T O V E R V I E W

The Layton Main Street Reta i l Center is a mult i - tenant reta i l bui ld ing located r ight on

Main Street in Layton, Utah. The 5,620 SF bui ld ing s i ts on a 0.48 acre (20,909 SF) lot .

The bui ld ing contains f ive sui tes wi th the current tenants being Black Halo Salon &

Spa, Spencer Insurance Agency (Al ls tate) , Innovat ive Business Concepts, and Capi ta l

Partners, wi th one sui te current ly vacant. Nearby reta i l tenants include Dairy Queen,

Safe Si te Storage, and Camping Wor ld.

Layton, UT is located on the Southern end of the Ogden-Clearf ie ld Metropol i tan area

in Davis County. The c i ty hosts a populat ion of 3,885 people per square mi le wi th a

median household income of $69,396.

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Page 7: LAYTON MAIN STREET RETAIL CENTER - LoopNet€¦ · Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019 Capital Partners, ... Layton, UT is located on the

L O C A L & R E G I O N A L M A P S 7

L A Y T O N M A I N S T R E E T R E T A I L C E N T E R

Page 8: LAYTON MAIN STREET RETAIL CENTER - LoopNet€¦ · Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019 Capital Partners, ... Layton, UT is located on the

POPULATION 1 MILE 3 MILES 5 MILES

2022 ProjectionTotal Population

13,016 80,827 159,306

2017 EstimateTotal Population

12,229 76,407 148,128

2010 CensusTotal Population

10,495 66,575 130,130

2000 CensusTotal Population

8,512 55,758 103,715

Current Daytime PopulationsTotal Population

10,552 68,225 140,237

HOUSEHOLDS 1 MILE 3 MILES 5 MILES

2022 ProjectionTotal Households

3,973 24,422 48,755

2017 EstimateTotal Households Average (Mean) Household Size

3,6533.28

22,6573.32

44,4583.25

2010 CensusTotal Households

3,151 19,894 39,117

2000 CensusTotal Households

2,471 16,216 30,161

Occupied Units2022 Projection 2017 Projection

3,9733,672

24,42222,927

48,75545,406

POPULATION PROFILE 1 MILE 3 MILES 5 MILES

Population By Age

2017 Estimate Total Population 12,229 76,407 148,128

Under 20 38.14% 36.32% 36.48%

20 to 34 years 21.09% 19.88% 21.39%

35 to 39 years 7.54% 7.41% 7.67%

40 to 49 years 12.52% 12.10% 11.79%

50 to 64 years 13.69% 15.47% 14.66%

Age 65+ 7.05% 8.82% 8.02%

Median Age 29.02 30.58 29.66

Population 25+ by Education Level

2017 Estimate Population Age 25+ 6,784 43,609 83,275

Elementary (0-8) 1.81% 0.84% 0.85%

Some High School (9-11) 5.63% 3.55% 3.47%

High School Graduate (12) 19.14% 18.61% 19.98%

Some College (13-15) 26.96% 27.87% 27.71%

Associate Degree Only 9.87% 10.37% 10.75%

Bachelors Degree Only 25.99% 27.22% 25.59%

Graduate Degree 9.85% 11.34% 11.30%

HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES

2017 Estimate

$150,000 Or More 9.85% 12.39% 11.96%

$100,000 - $149,999 18.14% 20.94% 20.28%

$75,000 - $99,999 17.99% 18.32% 18.51%

$50,000 - $74,999 23.13% 21.02% 20.91%

$35,000 - 49,999 9.69% 10.42% 1.75%

Under $35,000 21.21% 16.91% 17.58%

Average Household Income $83,317 $94,713 $93,720

Median Household Income $69,396 $77,114 $75,959

Per Capita Income $24,918 $28,091 $28,265

HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILES

Total Average Household Retail Expenditure $78,673 $82,725 $81,666

Consumer Expenditure Top 10 Categories

Housing $17,677 $18,459 $18,233

Transportation $12,259 $13,155 $12,918

Shelter $10,499 $10,922 $10,783

Personal Insurance & Pensions $7,886 &8,575 $8,503

Food $7,826 $8,147 $8,097

Cash Contributions $5,559 $6,142 $6,032

Health Care $5,454 $6,035 $5,899

Entertainment $4,407 $4,823 $4,755

Utilities $3,511 $3,693 $3,641

Apparel $2,026 $2,145 $2,126

Source:© 2017 Experian

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Page 9: LAYTON MAIN STREET RETAIL CENTER - LoopNet€¦ · Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019 Capital Partners, ... Layton, UT is located on the

Optimum financing solutions to enhance value

Our ability to enhance buyer pool by expanding finance options

Our ability to enhance seller control

• Through buyer qualification support

• Our ability to manage buyers finance expectations

• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings

• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file

WHY MMCC?

Optimum financing solutions to enhance value

Our ability to enhance buyer pool by expanding finance options

Our ability to enhance seller control

• Through buyer qualification support

• Our ability to manage buyers finance expectations

• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings

• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file

WHY MMCC?

National Platform Operating

Within the Firm’s Brokerage Offices

$5.63 Billion Total National

Volume in 2017

Access to More Capital Sources Than Any Other

Firm in the Industry

Closed 1,707 Debt & Equity

Financings in 2017

MARCUS & MILLICHAP CAPITAL CORPORATION

CAPABILITIESMMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital

market expertise, precisely managed execution, and unparalleled access to capital sources providing the

most competitive rates and terms.

We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity

funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing

options.

Our dedicated, knowledgeable experts understand the challenges of financing and work tirelessly to resolve

all potential issues to the benefit of our clients.

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Page 10: LAYTON MAIN STREET RETAIL CENTER - LoopNet€¦ · Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019 Capital Partners, ... Layton, UT is located on the

0 1 YO U R LO C A L A G E N TS ► Specialists in product type and geographic location

► Creates buyer competition to maximize price and increase probability of a successful closing

► Access to information sharing throughout the largest network of investment professionals in the U.S. and Canada as part of our collaborative culture

► Proactively promotes your property to local, regional, and national Marcus & Millichap professionals

0 2 T H E M A R C U S & M I L L I C H A P A DVA N TA G E ► Largest database of qualified investors in the industry

► Unparalleled access to potential buyers, including one of the largest databases of 1031 exchange buyers

► More than 1,700 investment professionals working collaboratively to achieve client results

0 3 A H I STO RY O F C L I E N T R E S U LTS ► Repeat clients

► Decades worth of experience

► Highly-focused specialization

► Collaborative culture built on information sharing

► Industry-leading technology platform

MARCUS &MILLICHAPIS A LEADING

COMMERCIALREAL ESTATEINVESTMENTSERVICESFIRM IN THE

U.S. ANDCANADA

W H Y M A R C U S & M I L L I C H A P ?

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Page 11: LAYTON MAIN STREET RETAIL CENTER - LoopNet€¦ · Spencer Insurance Agency Gross 865 SF 15.4% $12,600 $14.57 May 2017 Nov 2019 Capital Partners, ... Layton, UT is located on the

N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C ECONFIDENTIALITY & DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by

the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of

Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to

establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the

income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the

property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal

regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s

plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained

from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained

herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever

regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the

information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.

© 2017 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this

marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or

endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of

Marcus & Millichap, and is solely included for the 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.

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B R E T T J O N E SAssociateSalt Lake City OfficeCell 801.631.9540Office [email protected] UT 9761802-SA00

T O D J O N E SSenior AssociateSalt Lake City OfficeCell 801.633.4050Office [email protected] UT 5450617-SA00

M AT T H E W P O R T E RS e n i o r A s s o c i a t eS a l t L a k e C i t yC e l l ( 2 0 8 ) 8 5 1 . 8 3 5 7O f f i c e ( 8 0 1 ) 7 3 6 . 2 6 3 8m a t t h e w. p o r t e r @ m a r c u s m i l l i c h a p . c o mL i c e n s e U T 7 7 0 2 0 9 - S A 0 0

E X C L U S I V E L Y L I S T E D B Y :

L A Y T O N M A I N S T R E E T R E T A I L C E N T E R