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]