THE SHOPS AT WATERBURY - LoopNet€¦ · The Allstate Corporation is the 2nd largest personal lines insurer in the United States (behind State Farm), and is the largest insurer that

THE SHOPS AT WATERBURY991 Waterbury Falls Drive, O’Fallon, MO

Table of Contents | 2 The Shops at Waterbury

Financial OverviewFinancial Overview……………………...4Rent Roll………………………………..5Tenant Profiles…………………………..6-10Site Plan…………………………………11

Investment OverviewInvestment Overview…………………….13Property Photos………………………….14-15Drone Photos……………………………16-20Market Aerial Photo...…………………...21Local & Regional Maps………………….22-23

Market OverviewSt. Louis Market Overview……………….25-27Demographics …………………..……….28-29

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260485

THE SHOPS AT

WATERBURY


Financial Overview

FINANCIAL

OVERVIEW

The Shops at Waterbury


991 Waterbury Falls Drive,O’Fallon, MO 63368

Financial Overview | 4

Price $7,400,000

Gross Leaseable Area (GLA) 46,266 SF

Price/ SF $159.94

Cap Rate 7.40%

Net Operating Income $547,658

Year Built/Renovated 2005

Lot Size 4.95 Acres

Type of Ownership Fee Simple

Expenses

Real Estate Taxes (2018 Estimate) $90,000

Insurance (2018 Estimate) $10,500

CAM (2018 Estimate) $29,115

Utilities $34,268

Management Fee of 4.00% $31,800

Total Expenses ($4.23/sf) $195,683

Current Income

Scheduled Gross Rent: $586,781

Tenant Reimbursements: $195,683

Scheduled Gross Income: $782,464

Vacancy: ($39,123) 5.00%

Effective Gross Income: $743,341

Expenses: ($195,683)

NET OPERATING INCOME $547,658 7.40%

Capital Reserves: ($.20) ($9,253)

Potential Loan Payments: ($360,798)

Pre-Tax Cash Flow: $177,607 9.60%

Plus Principal Reduction: $127,385

Total Return Before Taxes: $304,992 16.49%

Proposed Loan Terms

First Loan Amount: $5,550,000

Down Payment (25%): $1,850,000

Interest Rate: 4.25%

Amortization Schedule: 25 Years

Term: 5 Years

Debt Coverage Ratio: 1.52

Annual Payment (P&I): $360,797.58


This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015

Marcus & Millichap ACT ID Y0260485

Rent Roll | 5

Suite Tenant

Square

Footage

% of

Total

Lease

Start

Lease

Expiration

Monthly

Rent

Annual

Rent

Annual

PSF

Rent

Increase

Date

New

Rent

Annual

CTI &

Mgmt

Lease

Type

929-931 DaVita Dialysis 3,018 6.58% 09/01/09 08/31/19 $4,527.00 $54,324.00 $18.00 9/1/2018 $55,824.00 $12,872.37 NNN

933 AllState 1,500 3.27% 10/07/17 01/31/23 $1,500.00 $18,000.00 $12.00 $6,397.80 NNN

935 The Barker Agency 1,500 3.27% 08/26/15 12/31/20 $1,175.00 $14,100.00 $9.40 $6,397.80 NNN

939 Julius Monroe Salon 3,127 6.82% 03/21/13 07/31/18 $3,387.58 $40,650.96 $13.00 $13,337.27 NNN

941-943 Krishna Veni Foods 2,879 6.28% 01/18/17 05/31/22 $2,399.17 $28,790.04 $10.00 6/1/2018 $30,229.56 $12,279.50 NNN

945-949Flat Branch Home

Loans 4,545 9.91% 11/19/15 11/30/21 $4,734.38 $56,812.56 $12.50 $19,385.32 NNN

951Athletico Physical

Therapy 4,505 9.82% 05/26/06 02/29/20 $6,006.67 $72,080.04 $16.00 3/1/2018 $73,206.24 $19,214.72 NNN

957Back on Track

Veterinary Clinic 3,526 7.69% 05/14/15 11/30/20 $3,085.25 $37,023.00 $10.50 12/1/2018 $38,786.04 $15,039.09 NNN

967-971Faith Chapel

Assembly 6,294 13.72% 07/23/08 03/31/19 $6,294.00 $75,528.00 $12.00 $26,845.15 NNN

973-977Jose Penos

Mex Restaurant 4,500 9.81% 05/13/15 11/30/20 $3,750.00 $45,000.00 $10.00 12/1/2018 $49,500.00 $19,193.39 NNN

979 Sports Clips 1,500 3.27% 06/01/11 05/31/21 $1,687.50 $20,250.00 $13.50 $6,397.80 NNN

981 Jimmy John’s 1,500 3.27% 01/10/07 03/31/21 $2,125.00 $25,500.00 $17.00 4/1/2018 $26,250.00 $6,397.80 NNN

983Champion Martial

Arts 3,459 7.54% 09/16/15 04/30/22 $3,026.63 $36,319.56 $10.50 5/1/2018 $38,049.00 $14,753.32 NNN

991 Egg & I 4,026 8.78% 10/01/13 02/26/24 $5,200.25 $62,403.00 $15.50 $17,171.69 NNN

Sprinkler Room 387 0.84%

Current Totals: 46,266 100% $48,998 $586,781 $12.68 $195,683

Occupied 46,266 100% $48,898 $586,781 $12.68 $195,683

Vacant 0%

Rent InformationLease TermsTenant Information



Tenant Profile | 6 The Shops at Waterbury

DaVita Inc., a Fortune 500® company, is the parent company of DaVita

Kidney Care and DaVita Medical Group. DaVita Kidney Care is a leading

provider of kidney care in the United States, delivering dialysis services to

patients with chronic kidney failure and end stage renal disease. DaVita

Kidney Care strives to improve patients' quality of life by innovating clinical

care, and by offering integrated treatment plans, personalized care teams

and convenient health-management services. As of June 30, 2017, DaVita

Kidney Care operated or provided administrative services at 2,445

outpatient dialysis centers located in the United States serving

approximately 194,600 patients. The company also operated 217

outpatient dialysis centers located in 11 countries outside the United

States.Headquarters: Denver, Colorado

No. of Locations: 2,662

Symbol: DVA (NYSE)

Website: www.davita.com

Square Footage: 3,018

Lease Commencement: September 1, 2009

Lease Expiration: August 31, 2019

The Allstate Corporation is the 2nd largest personal lines insurer in the

United States (behind State Farm), and is the largest insurer that is

publicly held. The company also has personal lines insurance operations

in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and

Co. and was spun off in 1993. The company has had its headquarters in

Northfield Township, Illinois (near Northbrook) since 1967. Currently

Allstate has over 10,000 Agency Owners and over 24,000 Licensed Sales

Professionals across the country to support more than 16 million

customers. Overall the company has over 43,050 employees and

continues to grow.

Headquarters: Northbrook, Illinois

No. of Employees: 43,050

Symbol: ALL (NYSE)

Website: www.allstate.com


Lease Commencement: October 7, 2017

Lease Expiration: January 31, 2023

http://www.davita.com/

http://www.allstate.com/



Julius Monroe Salon & Spa is a popular spot for Jefferson City residents of

all ages to come in and experience any of their long list of spa and salon

services: skin care, waxing, massage, nail treatments, makeup, lashes and

brows, airbrush tan, cosmetic services, haircuts, hair coloring, hair styling

and hair enhancements. Jami Maine started the Julius Monroe Salon in

honor of her family, named after her great grandfather Julius Siemers and

her great uncle Monroe Colvin. Jami believes that family represents the

best life has to offer and that it is what binds us together, inspires us, and

give us meaning and purpose. All are welcomed to join the Julius Monroe

family.

Headquarters: Jefferson City, Missouri

No. of Locations: 1

Symbol: Private

Website: www.juliusmonroe.com


Lease Commencement: March 21, 2013

Lease Expiration: July 31, 2018

Flat Branch Home Loans was created with the vision of making the best

mortgage company possible, focusing on doing things right, closing loans

on time, and hiring only the best people. Jim Yankee founded Flat Branch

with the expertise and well-rounded experience within the mortgage

industry to serve customers with a loan product that is cost-effective and

best fits each customer. Flat Branch now operates 20 locations, with 18 in

Missouri, 1 in Kansas, and 1 in Oklahoma. They offer a variety of

mortgage products including conventional loans, FHA loans, VA loans,

USDA loans and many others. They are a licensed Mortgage Banker with

in-house underwriting.

Headquarters: Jefferson City, Missouri

No. of Locations: 20

Symbol: Private

Website: www.flatbranchhomeloans.com


Lease Commencement: November 18, 2015

Lease Expiration: November 30, 2021

http://www.juliusmonroe.com/

http://www.flatbranchhomeloans.com/



In 1991, founder Mark Kaufman opened the first Athletico center in

Chicago, Illinois. As a licensed physical therapist and certified athletic

trainer, Mark opened the first center with one employee and provided

services to two affiliations—Francis W. Parker High School and Chicago

Lions Rugby. Today, Athletico has facilities throughout Arizona, Illinois,

Indiana, Iowa, Kansas, Michigan, Missouri, South Dakota and Wisconsin,

and employs over 4,000 clinical and administrative staff. In 2014 Athletico,

Accelerated Rehabilitation Centers and PRORehab closed on a deal that

gave the combined companies a geographic footprint of 10 states and over

380 locations. They also partnered with Excel Physical Therapy and The

Work Center to combine companies in 2017.

Headquarters: Oak Brook, Illinois


Symbol: Private

Website: www.athletico.com


Lease Commencement: May 26, 2006

Lease Expiration: February 29, 2020

Back on Track is a Veterinary Hospital and Rehabilitation Center in

O’Fallon, Missouri that partners with pet owners as advocates for their pets

in providing high-quality, ethical, and compassionate whole pet care to

enhance the human-animal bond and quality of life for both pets and their

owners. The full-service veterinary hospital serves the O’Fallon, St.

Peters, and St. Charles areas by offering wellness care, surgery,

acupuncture, physical rehabilitation and grooming for dogs and cats. Back

on Track’s experienced and compassionate practitioners also use low

stress handling techniques to make pets’ visits as fear-free as possible.

Headquarters: O’Fallon, Missouri

No. of Locations: 1

Symbol: Private

Website: www.backontrackvet.com


Lease Commencement: May 14, 2015

Lease Expiration: November 30, 2020

http://www.athletico.com/

http://www.backontrackvet.com/



Prior to opening the prototype Sports Clips in 1993, Gordon Logan owned

and operated salons throughout Texas. He served as President of the

International SalonSpa Business Network (ISBN, the trade association for

chains and franchises representing over 20,000 salons) and remains on

the Board of Directors. In 2016, he was named the Entrepreneur of the

Year by the IFA. There are now over 1,700 locations in all 50 states, and

is viewed as one of the fastest growing franchises and is ranked the

number 1 haircare franchise.

Headquarters: Oak Brook, Illinois


Symbol: Private

Website: www.sportsclips.com


Lease Commencement: June 1, 2011

Lease Expiration: May 31, 2021

Jimmy Johns was founded in 1983, in a garage in Charleston, Illinois by

Jimmy John Liautaud. Jimmy payed $200 a month in rent and could only

afford used equipment consisting of a refrigerator, chest freezer, an oven

and a meat slicer. The store was able to realize a profit in its first year of

business, despite the poor location of the store, due to Jimmy John’s

willingness to deliver his sandwhiches to the nearby dorms at Eastern

Illinois University, as well as his handing out of free samples for marketing

purposes. In 30 years, the company has grown to more than 2,500

locations in all states except Alaska, Hawaii, Connecticut, Maine, New

Hampshire, and Vermont. As of 2014, 98% of the locations are franchise-

owned.

Headquarters: Champaign, Illinois


Symbol: Private

Website: www.jimmyjohns.com


Lease Commencement: January 10, 2007

Lease Expiration: March 31, 2021

Jimmy John’s

http://www.sportsclips.com/

http://www.jimmyjohns.com/



Champion Martial Arts has been in business in St. Charles, Missouri since

July 1, 1995. There are currently almost 200 members enrolled within their

beautiful, new O’Fallon facility and continue to grow daily. Champion

attributes their growth and longevity to their commitment to excellence,

honor, and integrity. Their primary art for stand-up defense is Tae Kwon

Do, which is a Korean art focusing primarily on the kicking range.

However, they also train in the boxing, trapping and clinch range. They

teach practical, scenario-based self-defense primarily derived from Korean

Hapkido. Their ground defense concepts are from Sombo, Judo, Brizillian

Jiu-Jitsu and wrestling. Those at Champion believe in cross-training and

that no single art is superior.

Headquarters: O’Fallon, Missouri

No. of Locations: 1

Symbol: Private

Website: www.championmartialarts.com


Lease Commencement: September 16, 2015

Lease Expiration: April 30, 2022

In 1987, Rayno and Patty Seaser wanted to create a daytime-only

restaurant based on the simple premise that what guests really want is

delicious food served by friendly people. The restaurant was born and first

opened in Fort Collins, Colorado, inspired by the 1940’s American memoir

written by Betty MacDonald. Today, their commitment remains the same.

Whether it’s roasting their vegetables in-house, slicing and juicing the

season’s freshest fruit or whipping up their French toast butter from

scratch. They take pride in the details. The coffee is brewed fresh and

everything is made to order, so you can have it exactly the way you like it.

Now there are 68 locations across the country, serving up goodness every

single day.

Headquarters: Denver, Colorado


Symbol: Private

Website: www.theeggandirestaurants.com


Lease Commencement: October 1, 2013

Lease Expiration: February 26, 2024

http://www.championmartialarts.com/

http://www.theeggandirestaurants.com/


Site Plan | 11 The Shops at Waterbury


Investment Overview

INVESTMENT

OVERVIEW



Investment Overview | 13

Investment Highlights

Unique, High Quality Construction

Strategically-Located off Interstate 64, along Highway K with Exposure to more than 29,000 VPD

Positioned at a Signalized Intersection

O’Fallon is located within the St. Louis MSA

St. Louis is the 20th Largest MSA in United States with 2.8+ Million Residents

Located Adjacent to Citi Mortgage’s 518,000 square foot Progress Point Facility

5-Mile Population: 104,687 | 3-Mile Average HH Income: $109,027

Marcus & Millichap is pleased to present for your acquisition review The Shops atWaterbury.

The Shops at Waterbury are a 46,266 square foot shopping destination located at StateHighway K and Waterbury Falls Drive, adjacent to the 518,000 square foot CITI ProgressPoint facility from CitiMortgage. Highway K (29,477 vehicles per day) travels north/southpast The Shops, eventually feeding into I-64 less than one mile down the road. Interstate 64is a main, heavily trafficked thoroughfare that travels into St. Louis with more than 59,000vehicles per day.

The Plaza is strategically placed at a signalized intersection in the heart of St. Louis’ affluentbedroom community, offering a home to a successful blend of local, regional, and nationaltenants. A true standout, with its unique architectural appeal, The Shops at Waterbury havebeen successful in recruiting area tenants to relocate their businesses to the center. The Shopsat Waterbury are anchored by DaVita Dialysis, Sports Clips, Jimmy John’s, The Egg &I,Athletico Physical Therapy, and Allstate.

Future owners should rest easy knowing that single and multifamily development is boomingin the community; hundreds of apartment units are either approved or under construction inthe city. Beyond that, the center offers the best possible alternative for potential lessees withrents below market. Nearby is the West of the Progress West Hospital, Persimmon WoodsGolf Club, The Phoenix Group, Rawlings, multiple hotels, along with Mercedes Benz,Chevrolet, and Honda dealerships, providing plenty of mouths to feed.

Located in St. Louis' most populated suburb of O'Fallon, the site boasts excellentdemographics. There are 104,687 residents within a 5-mile radius of the property with anaverage household income of $109,027. This year, O’Fallon was named a top ten city to livein by two separate periodicals for their dedication to high-performing schools, safeneighbourhoods, and low unemployment. The city’s growing population and high averagehousehold income provide the ideal backdrop for The Shops at Waterbury.



Property Photos | 14 The Shops at Waterbury


Property Photos | 15 The Shops at Waterbury


Drone Photos | 16 The Shops at Waterbury










Market Aerial Photo | 21 The Shops at Waterbury


Local Map | 22

The Shops at

Waterbury



Regional Map | 23

The Shops at

Waterbury



Market Overview

MARKET

OVERVIEW



St. Louis, MO | 25

OVERVIEW

ST. LOUIS

The St. Louis metro encompasses the city of St. Louis; the Missouri

counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren

and Washington; and the Illinois counties of Madison, St. Clair,

Macoupin, Clinton, Monroe, Jersey, Bond and Calhoun. The metro is

near the geographic center of the United States, within 500 miles of

one-third of the U.S. population, and has more than 2.8 million

residents. St. Louis is the most populous county with 1 million people.

The city of St. Louis, which is located at the confluence of the

Mississippi and Missouri rivers, is the only city in the metro with a

population of more than 300,000 citizens.

METRO HIGHLIGHTS

CENTRAL LOCATION

The central U.S. location and Mississippi River

accessibility allow for fast access to markets both

domestically and internationally.

EXCELLENT TRANSPORTATION SYSTEM

The St. Louis metro has extensive freight, rail and

sea transportation systems, providing shipping and

distribution of goods worldwide.

AFFORDABLE COST OF LIVING

Home prices are well below other large markets in

Midwestern states and the U.S. overall.



St. Louis, MO | 26

ECONOMY St. Louis is highly ranked for its logistics infrastructure, bolstered by its central

geographic location and easy access to major waterways. It is a significant inland port.

The region is emerging as a large financial services center, with Jones Financial locally

headquartered and Reinsurance Group-America as a major employer in the area.

Government entities pursue business development and provide resources for startups,

along with incubators with guidance and inexpensive office and lab space.

SHARE OF 2016 TOTAL EMPLOYMENT

MANUFACTURING GOVERNMENT

HEALTH SERVICES

EDUCATION AND

+

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

CONSTRUCTION

PROFESSIONAL AND

BUSINESS SERVICES

OTHER SERVICES AND UTILITIES

TRADE, TRANSPORTATION INFORMATION

8% 16% 6%12% 12%

4%19% 2%5% 18%

MAJOR AREA EMPLOYERS

BJC Healthcare

The Boeing Co.

Scott Air Force Base

Washington University in St. Louis

Wal-Mart

SSM Healthcare

St. Louis University



St. Louis, MO | 27

The metro is expected to add nearly 80,000 people through 2021,

which will result in the formation of approximately 40,000

households.

A median home price below the national level has produced a

homeownership rate of 70 percent, which is well above the national

rate of 64 percent.

Roughly 31 percent of people age 25 and older hold bachelor’s

degrees; among those residents, 12 percent also have earned a

graduate or professional degree.

DEMOGRAPHICS

2016 Population by Age

0-4 YEARS

6%5-19 YEARS

19%20-24 YEARS

7%25-44 YEARS

26%45-64 YEARS

28%65+ YEARS15%

The metro boasts numerous public and private golf courses, more than 100 parks, 200 miles of trails and

the Gateway Arch. Many of St. Louis’ premier attractions, including the St. Louis Zoo, the St. Louis Art

Museum, the Missouri History Museum and the Municipal Opera, are located in Forest Park. The park

features golf courses and athletic fields. For sports fans, the area houses the St. Louis Cardinals, St. Louis

Rams and the St. Louis Blues. Nearby is the Lake of the Ozarks, offering destinations for hunting, fishing,

camping, hiking and spelunking. There are more than 40 colleges, universities and technical schools in the

metro, enrolling around 200,000 students a year.

QUALITY OF LIFE

38.9

2016MEDIAN AGE:

U.S. Median:

37.7

$56,700

2016 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

$57,200

2.8M

2016POPULATION:

Growth2016-2021*:

2.7%

1.1M

2016HOUSEHOLDS:

3.2%

Growth2016-2021*:

SPORTS

ARTS & ENTERTAINMENT

EDUCATION



Demographic Summary | 28

The current year racial makeup of your selected area is asfollows: 89.03% White, 4.32% Black, 0.03% Native Americanand 3.52% Asian/Pacific Islander. Compare these to USaverages which are: 70.77% White, 12.80% Black, 0.19%Native American and 5.36% Asian/Pacific Islander. People ofHispanic origin are counted independently of race.

People of Hispanic origin make up 2.72% of the current yearpopulation in your selected area. Compare this to the USaverage of 17.65%.

Race and Ethnicity

EmploymentIn 2016, there are 64,738 employees in your selected area, this isalso known as the daytime population. The 2000 Census revealedthat 67.60% of employees are employed in white-collaroccupations in this geography, and 32.39% are employed inblue-collar occupations. In 2016, unemployment in this area is4.58%. In 2000, the average time traveled to work was 28.00minutes.

PopulationIn 2016, the population in your selected geography is 115,895.The population has changed by 42.35% since 2000. It isestimated that the population in your area will be 127,376.00five years from now, which represents a change of 9.91% fromthe current year. The current population is 49.15% male and50.85% female. The median age of the population in your areais 37.82, compare this to the US average which is 37.68. Thepopulation density in your area is 1,473.86 people per squaremile.

HouseholdsThere are currently 39,935 households in your selectedgeography. The number of households has changed by 53.70%since 2000. It is estimated that the number of households inyour area will be 44,409 five years from now, which represents achange of 11.20% from the current year. The average householdsize in your area is 2.88 persons.

IncomeIn 2016, the median household income for your selectedgeography is $86,886, compare this to the US average which iscurrently $54,505. The median household income for your areahas changed by 32.35% since 2000. It is estimated that themedian household income in your area will be $102,923 fiveyears from now, which represents a change of 18.46% from thecurrent year.

The current year per capita income in your area is $36,142,compare this to the US average, which is $29,962. The currentyear average household income in your area is $104,763,compare this to the US average which is $78,425.



Demographic Report | 29 The Shops at WaterburyPOPULATION 1 Miles 5 Miles 10 Miles

2021 Projection

Total Population 8,531 127,376 370,473

2016 Estimate


2010 Census


2000 Census


Current Daytime Population

2016 Estimate 7,550 91,552 309,847

HOUSEHOLDS 1 Miles 5 Miles 10 Miles

2021 Projection

Total Households 3,008 44,409 138,222

2016 Estimate


Average (Mean) Household Size 2.86 2.88 2.69

2010 Census


2000 Census


Occupied Units

2021 Projection 3,008 44,409 138,222

2016 Estimate 2,598 41,280 132,212

HOUSEHOLDS BY INCOME 1 Miles 5 Miles 10 Miles

2016 Estimate

$150,000 or More 20.44% 15.97% 16.05%

$100,000 - $149,000 25.68% 23.94% 21.50%

$75,000 - $99,999 20.88% 19.62% 17.65%

$50,000 - $74,999 15.81% 18.25% 18.36%

$35,000 - $49,999 6.17% 9.33% 10.62%

Under $35,000 11.00% 12.88% 15.83%

Average Household Income $118,231 $104,763 $104,611

Median Household Income $95,111 $86,886 $82,128

Per Capita Income $41,024 $36,142 $38,764

HOUSEHOLDS BY EXPENDITURE 1 Miles 5 Miles 10 Miles

Total Average Household Retail Expenditure

$75,942 $73,634 $71,109

Consumer Expenditure Top 10 Categories

Housing $20,208 $19,419 $18,856

Transportation $13,088 $12,665 $12,207

Shelter $10,671 $10,203 $9,979

Food $8,660 $8,363 $8,063

Personal Insurance and Pensions $7,944 $7,262 $6,757

Health Care $6,025 $6,029 $5,965

Utilities $4,750 $4,647 $4,538

Entertainment $3,596 $3,419 $3,299

Household Furnishings and Equipment

$2,630 $2,485 $2,322

Cash Contributions $2,045 $2,209 $2,174

POPULATION PROFILE 1 Miles 5 Miles 10 Miles

Population By Age

2016 Estimate Total Population 7,265 115,895 343,661

Under 20 31.53% 29.98% 27.02%

20 to 34 Years 16.53% 16.25% 17.58%

35 to 39 Years 6.58% 6.92% 6.28%

40 to 49 Years 16.42% 15.70% 14.15%

50 to 64 Years 20.42% 20.00% 21.65%

Age 65+ 8.52% 11.18% 13.32%

Median Age 36.55 37.82 39.32

Population 25+ by Education Level

2016 Estimate Population Age 25+ 4,555 74,971 231,683

Elementary (0-8) 0.40% 0.68% 1.17%

Some High School (9-11) 2.34% 3.82% 3.95%

High School Graduate (12) 18.45% 23.07% 23.16%

Some College (13-15) 22.18% 22.87% 21.89%

Associate Degree Only 6.83% 9.17% 8.33%

Bachelors Degree Only 29.86% 26.09% 26.49%

Graduate Degree 19.32% 13.98% 14.59%

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has

Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any

information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing

Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this

Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased

property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the

property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the

property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including

newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not

guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to

market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value

of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be

able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your

investigation and/or purchase of this net leased property.

NET LEASED DISCLAIMER

Marcus & 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.

NON-ENDORSEMENT NOTICE

CONFIDENTIALITY & DISCLAIMER

The 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 prepare 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, not 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.

Presented By:

OFFICES NATIONWIDE

www.marcusmillichap.com

exclusive offering

Documents

THE SHOPS AT WATERBURY - LoopNet€¦ · The Allstate Corporation is the 2nd largest personal lines insurer in the United States (behind State Farm), and is the largest insurer that