New natural grocers metro area location New 15 year net lease rental increases $85K Average incomes 1401 North Maize Road, Wichita, KS 67212 Actual store For more info on this opportunity please contact: Rick Sanner Bob Sanner [email protected] | (415) 274-2709 CA BRE# 01792433 [email protected] | (415) 274-2717 CA BRE# 00869657 John Andreini Chris Kostanecki [email protected] | (415) 274-2715 CA BRE# 01440360 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. [email protected] | (415) 274-2701 CA BRE# 01002010 In conjunction with KS Licensed Broker: Mark McPherson, Equity Ventures Commercial, Inc (720) 502-5190 | [email protected] brand new natural grocers in wichita, the largest city in Kansas PRICE: $4,828,430 CAP: 6.25% Investment Highlights RENTABLE SF. . . . 15,000 SF LAND AREA. . . . . . 1.58 Acres LEASE TYPE. . . . . . NNN New 15 year net lease with rental increases, high growth public company tenant Freestanding site with additional signage and access on highly trafficked Maize Road $85,000 average household incomes within a one mile radius February 24, 2015, grand opening Actual store natural grocers | 2 Income & Expense PRICE $4,828,430 Capitalization Rate: 6.25% Total Rentable Area (SF): 15,000 Lot Size (Acres): STABILIZED INCOME Scheduled Rent LESS 1.58 Per Square Foot $20.12 $301,777 Per Square Foot Taxes Tenant Expense $0.00 Insurance Tenant Expense $0.00 EQUALS NET OPERATING INCOME $301,777 The landlord is responsible for structure (but not roof ). All other expenses (including roof ) are a tenant responsibility. The store will open February 24, 2015. 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. Buyer must verify the information and bears all risk for any inaccuracies. Actual store natural grocers | 3 Rent Roll TENANT INFO Tenant Name Natural Grocers LEASE TERMS Sq. Ft. 15,000 Options 1-4 Totals: 15,000 Term 2/24/2015 2/28/2025 3/1/2025 2/28/2030 RENT SUMMARY Current Rent Monthly Rent Yearly Rent Monthly Rent/ Yearly Rent/ FT FT $301,777 $25,148 $301,777 $1.68 $20.12 $26,398 $316,777 $1.76 $21.12 There are 4-5 year options, with increases for each. Detailed information can be released upon receipt of a signed confidentiality agreement. $301,777 $25,148 $301,777 $1.68 $20.12 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. Buyer must verify the information and bears all risk for any inaccuracies. Actual store natural grocers | 4 Aerial vd High School 29th St New Market Square 21st St SITE Sedgwi County Z Wesley Rehab Hospital 13th St Wichita Northwest High School Via Christi Regional Health Center Ridge Rd Tyler Rd Maize Rd 119th St 135th St Central Ave Maple St K gg ello Ave natural grocers | 5 400 WICHITA CITY CENTER West 29th Street N NEWMARKET SQUARE REFLECTION RIDGE GOLF CLUB 235 lev ou oB Zo N Maize Road W N Ridge Road W 21st Street N d ar W 13th Street N McCollom Elementary Northwest High School TOWNE WEST SQUARE Peterson Elementary Wilbur Middle School W Maple Street S Maize Road ROLLING HILLS COUNTRY CLUB W Central Avenue Bishop Carroll Catholic High School S Ridge Road W 4th Street N 400 WICHITA MID-CONTINENT AIRPORT 235 400 natural grocers | 6 Site Plan N Westgate Street 13th Street North MONUMENT SIGN to ess Acc d Roa ize Ma Off-Site Pylon Sign Directly on Maize Site Plan Overlay Credit Union natural grocers | 8 Natural Grocers Actual store Actual store About Natural grocers Natural Grocers’ stock price went up 100% from July 2012 to February 2015 Vitamin Cottage Natural Food Markets, Inc. (Nasdaq: NGVC) (commonly referred to as “Natural Grocers”) is a Colorado based health food chain founded in 1955. The company operates 91 retail grocery stores in 14 states mainly west of the Mississippi River. The company sells natural and organic products in their 6,000 - 15,000 square foot stores. NUMBER OF EMPLOYEES 1,500 2014 REVENUE $520.7 Million NUMBER OF LOCATIONS 91 The company went public on the Nasdaq in July, 2012. The stock price went up 100% from July 2012 though February 2015. Comp store sales have increased company-wide for 50 consecutive quarters. For the quarter ending 12/31/14, comparable store sales were up 6.2% compared to the same quarter 12 months previous For fiscal 2014, net income was $13.5 million, and net revenue was $520.7 million. As of 12/31/14 net worth was $102.5 million. natural grocers | 9 Regional Map KS Wichita Location Desirable western wichita natural grocers wichita Actual store natural grocers | 10 Location & Demos wichita, ks Overview Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area, which had a 2013 population of over 380,000. As the industrial hub and largest city in Kansas, Wichita is the center of culture, media, and trade. It hosts several large museums, theaters, parks, and entertainment venues, such as Intrust Bank Arena. Several universities are located in the city including Wichita State University, the third largest in Kansas. Wichita is also home to two large shopping centers, Towne East Square and Towne West Square, as well as the Century II Performing Arts & Convention Center and Kansas’s largest and busiest airport, Wichita Dwight D. Eisenhower National Airport. There are non-stops to about ten cities. Wichita’s principal industrial sector is manufacturing, specifically aircraft manufacturing, which has long dominated the local economy. Healthcare is Wichita’s second largest industry, employing approximately 28,000 people in the local area. During the early 20th Century oil boom in neighboring Butler County, Wichita also became a major oil town with dozens of oil exploration companies and support enterprises. Most famous of these was Koch Industries, today a global natural resources conglomerate still headquartered in Wichita. Population 2010 2014 2019 1-Mile 3-Mile 5-Mile 12,470 12,709 13,044 66,199 67,432 69,168 107,135 109,957 113,163 1-Mile 3-Mile 5-Mile $85,434 $71,943 $83,860 $68,730 $76,523 $60,976 2013 Household incomes Average Median Top Employers in wichita Cessna Aircraft Co. Spirit Aero Systems Inc. Hawker Beechcraft Cargill Meat Solutions Via Christi Health Koch Industries natural grocers | 11 A unique HUMAN RESULTS-DRIVEN client experience Actual store The capital pacific experience - our daily commitment to our clients [ www.CapitalPacific.com ] Rick Sanner Bob Sanner [email protected] | (415) 274-2709 CA BRE# 01792433 [email protected] | (415) 274-2717 CA BRE# 00869657 John Andreini Chris Kostanecki [email protected] | (415) 274-2715 CA BRE# 01440360 [email protected] | (415) 274-2701 CA BRE# 01002010 In conjunction with KS Licensed Broker: Mark McPherson, Equity Ventures Commercial, Inc (720) 502-5190 | [email protected] Copyright © 2015 [Capital Pacific Real Estate Brokerage Company]
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