TENANT INVESTMENT OPPORTUNITY 100% Occupied- NNN … Market Pl Salina KS-OMP.pdf2629 Market Place, Salina, KS 67401 EXCLUSIVELY LISTED BY: Deno Bistolarides Matt Weber Senior Director

EXCLUSIVELY LISTED BY:

Deno Bistolarides Matt Weber Senior Director Senior Associate Direct: 248-419-3882 Direct: 248-419-3884 [email protected] [email protected]

MULTI-TENANT INVESTMENT OPPORTUNITY

100% Occupied- NNN Leases- Excellent Demographics

2629 Market Place, Salina, KS 67401

mailto:[email protected]?subject=AT&T%20-%20Sprint%20-%20Complete%20Nutrition%20-%20Salina,%20KS






DISCLOSURE :

All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as “FNL”), its directors, officers, agents, advisors,

affiliates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agents, advisors, or affiliates as to com-

pleteness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financial

performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the

any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for

review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. FNL will not

investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE:

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investiga-

tions including through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent

professionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. FNL

does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that

used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided

to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental

limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax at-

torney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the prop-

erty complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consult-

ants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportunity laws.







INVESTMENT HIGHLIGHTS

6,400 Square Foot Retail Center Located on 0.50 Acres of Land

100 Percent Occupied Retail Center Leased to AT&T / Sprint / Complete Nutrition

Located Along A Strong Retail Corridor in Salina, KS

NNN Triple Net Leases—Minimal Landlord Responsibilities

2007 Construction - High Image Retail Center

LOCATION HIGHLIGHTS

Excellent Location in Salina, KS — Within Minutes of Central Mall—The Largest Enclosed Shopping Destination

Tenants within the immediate trade market include: Target, Lowe's, Hobby Lobby, TJ Maxx, Best Buy, Dick's, ULTA, Taco Bell, Tim Hortons, Olive Gar-den, Longhorn Steakhouse, Kroger, Burger King, Pizza Hut, Red Lobster, Staples, Dollar Tree, AutoZone, Tractor Supply, Walmart, ALDI, Petco, O'Reilly Auto Parts, Pizza Hut, Sam's Club, among many others.

INVESTMENT OVERVIEW

Fortis Net Lease is pleased to offer for sale Complete Nutrition/Sprint/AT&T

Retail Center, a 100 Percent occupied class A high image retail center located in

Salina, KS. The property is located on approximately .50 Acres of Land on heav-

ily traveled Old Highway 81 in Salina, approximately .5 mile from Salina's larg-

est Mall, Central Mall. The center is 6,400 Square Feet in size and is currently

occupied by AT&T, Sprint and Complete Nutrition.

All tenants are on NNN leases in which they reimburse their pro rata share of

taxes, cam and insurance. There are minimal landlord responsibilities, which

are limited to capital repairs and improvements and management, although a

management fee is reimbursed per each tenant's lease. The property was con-

structed in 2007 and is a high image retail center in excellent condition.

INVESTMENT SUMMARY

Asking Price: $1,450,000

Initial Cap Rate: 8.75%

Lot Size: 0.50 Acres

Building: 6,400 SF

Year Built: 2007

Lease Types: NNN

Taxes, CAM & Insurance: Tenants Reimburse

Capital Repairs: Landlord Responsibility

Aerial View: Click HERE: Street View: Click HERE:

INVESTMENT OVERVIEW

Tenant Rent SqFt Start Term Sprint $40,480 1,840 2/15/07 12 Yrs. AT&T $59,200 2,960 06/07/14 3 Yrs. Complete Nutrition $27,200 1,600 08/07/14 5 Yrs. TOTAL: $126,880 6,400 Rent Escalations: Complete Nutrition: 10/02/15 $28,800 10/02/17 $30,400 10/02/20 $33,600 AT&T Option 1: $63,639 Option 2: $66,600


https://www.google.com/maps/place/2629+Market+Pl,+Salina,+KS+67401/@38.7921454,-97.6127802,653m/data=!3m1!1e3!4m2!3m1!1s0x87bcc89d4df5b23f:0xdd4ec1fa21da2d3a

https://www.google.com/maps/@38.792342,-97.612748,3a,72.8y,88.59h,82.7t/data=!3m4!1e1!3m2!1s9VUBjZsJwllp-CzGdVKpkA!2e0

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RENT ROLL

Lease Lease Monthly Annual Rent Per Changes Changes Lease

Tenant Sq. Ft Commence Expiration Base Rent Base Rent Square Foot On To Type Options

Sprint 1840 2/15/2007 2/15/2019 $ 3,373 $ 40,480 $22.00 N/A N/A NNN (1) 5 Year Option

Complete Nutrition 1,600 10/1/2012 10/1/2017 $ 2,400 $ 28,800 $17.00 10/2/2017 $30,400 NNN (2) 5 Year Options

10/2/2020 $33,600

10/2/2022 $36,800

10/2/2025 $40,000

AT&T 2,960 6/7/2014 6/7/2017 $ 4,933 $ 59,200 $20.00 Option 1 $ 63,639 NNN (2) 4 Year Option

Option 2 $ 66,600

TOTALS 6,400 - - $ 10,707 $ 128,480













TENANT INFORMATION

AT&T

AT&T Inc. (NYSE: T) is the largest provider of both local and long distance telephone services, and DSL Internet access. AT&T is the second largest

provider of wireless service in the United States, with 74.9 million wireless customers, and more than 150 million total customers. AT&T, Inc. was

formed in 2005, when “Baby Bell” SBC Communications Inc. purchased former “Ma Bell” AT&T Corporation The newly merged company took on the

iconic AT&T moniker and T stock-trading symbol (for “telephone")

SPRINT

Sprint Corporation, commonly referred to as Sprint, is a United States telecommunications holding company that provides wireless services and is

also a major global Internet carrier. It is the third largest U.S. wireless network operator as of 2014, and served 54.8 million customers at the end of

the third quarter of 2014. In addition to the Sprint brand, the company also offers wireless voice, messaging, and broadband services through its vari-

ous subsidiaries under the Boost Mobile, Virgin Mobile, and Assurance Wireless brands, as well as wholesale access to its wireless networks to mobile

virtual network operators. The company is headquartered in Overland Park, Kansas. In July 2013, a majority of the company was purchased by Japa-

nese telecommunications company SoftBank Corporation, although the remaining shares of the company continue to trade on the New York Stock

Exchange.

COMPLETE NUTRTION

Complete Nutrition is a network of high-quality nutritional supplement retail stores whose mission is to create safe and effective weight loss manage-

ment, sports nutrition and general health programs to help customers look better, feel better and perform better. Started in 2004, Complete Nutrition

is now one of the fastest-growing franchises in the nation. Complete Nutrition eliminates the clutter and focuses on providing personal service, less

intimidating store environments, and truly great products to help people live and breathe a healthy lifestyle. Staff members are athletes, certified per-

sonal trainers, nutritionists, and other people with experience in the fitness and health supplement retail industry. Complete Nutrition understands

that there is no such thing as a “miracle pill.” Living a healthy lifestyle













LOCATION OVERVIEW

Salina, KS The City of Salina is located in north central Kansas, near the geographic center of the contiguous United States. It is the seventh-largest city in Kansas, with a population of nearly 50,000. Situated at the intersection of Interstate Highways 70 and 135, the City of Salina is centered in one of the largest wheat producing areas of the world. Kansas City, Missouri and Wichita, Kansas are 180 and 95 miles away, respectively, via the direct access of these two highways. Denver is 425 miles to the west. The City serves as a regional trade center for north central Kansas. Many individuals and businesses within a 70-mile radius travel to the City to pur-chase consumer goods and services. This designation as a regional trade center is supported by the fact that Saline County has the third-highest retail trade pull factor of all Kansas counties, according to the Kansas State University Extension Economic Department. Salina also has a large and diversi-fied manufacturing base, with industry leaders in lighting, automotive batteries and foods. The Wichita Business Journal recently reported that "Salina is Kansas' retirement hub", the state's top destination for retirees. In 2009, Salina was se-lected by Business Week as the "best place in Kansas to raise kids". Neither of these designations are a surprise to those of us familiar with this com-munity. We already know that Salina is a place that honors its duty to provide the highest quality of municipal services to its citizens.


http://www.ci.salina.ks.us/filestorage/73/Salina_KS_Best_Retirement_Hub.pdf

http://www.ci.salina.ks.us/filestorage/73/BestPlacestoRaiseYourKids.pdf






Population:

2019 Projection 7,375 34,656 49,996

2014 Estimate 7,294 34,291 49,410

2010 Census 7,204 33,926 48,709

Growth 2014-2019 1.11% 1.06% 1.19%

Growth 2010-2014 1.25% 1.08% 1.44%

2014 Population Hispanic Origin 779 4,022 5,371

2014 Population by Race:

White 6,531 30,932 44,465

Black 231 1,151 1,918

Am. Indian & Alaskan 32 208 346

Asian 322 1,017 1,192

Hawaiian & Pacific Island 5 33 38

Other 173 950 1,451

Households:

2019 Projection 2,836 13,952 20,299

2014 Estimate 2,804 13,807 20,059

2010 Census 2,770 13,675 19,780

Growth 2014 - 2019 1.14% 1.05% 1.20%

Growth 2010 - 2014 2.18% 0.87% 0.78%

Owner Occupied 1,969 9,253 12,887

Renter Occupied 835 4,554 7,173

2014 Avg Household Income $60,869 $55,445 $57,757

Radius 1 Mile 3 Mile 5 Mile

DEMOGRAPHICS


This information is deemed confidential and privileged and may contain inside information. If you are not the intended receiver do not read, copy or distribute this offering memorandum, instead delete or destroy it and contact one of our representatives. This

information is believe to be accurate but is not represented or warranted by Fortis Net Lease or any of our agents or contractors.

MORE THAN $3.4 BILLION IN SALES Fortis Net Lease is a national investment real estate brokerage firm specializing in the acquisition and disposition of investment real estate. We

help developers, franchisees, private investors and institutional funds accomplish their short and long term investment goals. The principals of

Fortis Net Lease have successfully sold hundreds of properties in over three dozen states with a total transaction volume topping $3.4 billion.

Fortis Net Lease specializes in the acquisition and disposition of the following:

Net leased single tenant properties (Pharmacies, Auto Parts, Dollar Stores, Banks, QSR, Office/Industrial, Medical, Junior/Big Box, etc.)

Portfolios & Corporate Sale-Leaseback Transactions (Burger King, Arby’s, Tutor Time, Taco Bell, Wendy’s, etc.)

Multi-Tenant Retail Centers & Medical Office (Anchored or Unanchored - 5,000 - 1,000,000 SF)

The advisors at Fortis Net Lease create long term relationships with our investors by delivering superior services and unparalleled results. When

you hire Fortis Net Lease as your exclusive representative you will experience the individual attention and professionalism that you will not re-

ceive at other large brokerage firms.

OUR TEAM

DOUG PASSON ROB BENDER RICHARD LUDWIG BRYAN BENDER DENO BISTOLARIDES MARVIN DELAURA Managing Partner Managing Partner Senior Director Senior Director Senior Director Senior Associate

(248)254.3407 (248) 254.3406 (248) 254.3410 (248) 254-3410 (248) 419-3882 (248) 254.3410

MIKE CARTER PAT HAMMOND MIKE JAWORSKI DANTE HARGIS MATT WEBER FRANK ROGERS

Senior Associate Senior Associate Senior Associate Senior Associate Senior Associate Associate

(248) 254-3410 (248) 254.3410 (248) 254.3410 (248) 254.3410 (248) 254.3410 (248) 254.3410

Documents

TENANT INVESTMENT OPPORTUNITY 100% Occupied- NNN … Market Pl Salina KS-OMP.pdf2629 Market Place, Salina, KS 67401 EXCLUSIVELY LISTED BY: Deno Bistolarides Matt Weber Senior Director