7-ELEVEN -...

7-ELEVENBROOMFIELD, CO

SUBJECT PROPERTY

7-ELEVEN

4.85%CAP

$3,210,309PRICE

LEASEABLE SF3,062 SF

LAND AREA1.11 AC

LEASE TYPENN

LEASE EXPIRATION4/17/2033

YEAR BUILT2018

PARKING26 Spaces

11275 MAIN STREET, BROOMFIELD, CO 80020

Brand new 15-year leaseThree (3) five (5) year options7-Eleven Corporation guaranteeNew construction in brand new multi-use center,anticipating 750+ employees in the industrial portionOver 253,000 residents within a 5-mile radius

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. 2

Overview

https://www.google.com/maps/place/11275+Main+St,+Broomfield,+CO+80020/@39.9012403,-105.0741367,17z/data=!3m1!4b1!4m5!3m4!1s0x876b8a31728dbf8f:0xd64e6b5fbf13bc7a!8m2!3d39.9012403!4d-105.071948

THE OFFERING provides an opportunity to acquire a brand new 7-Eleven located in Broomfield, Colorado, set to open approximately 4/18/18. The 15-year lease has three (3) five (5) year options and is backed by a 7-Eleven Corporation guarantee. The subject property is a part of the new Gateway at Broomfield complex, a multi-use project offering both retail and industrial space. The headquarters for Swisslog Healthcare will be located in the complex, housing approximately 250-300 employees. It is anticipated that there will be over 750 employees in the entire industrial portion. Also located next to the Broomfield Industrial Park Sports Complex, the site offers excellent visibility and the ability to connect to Highway 36, making it a strong retail location.

HIGH GROWTH LOCATION - The subject property is located in Broomfield, 18 miles from Denver and 13 miles from Boulder. Broomfield is home to the headquarters of Level 3 Communications, Ball, Vail Resorts, MWH Global, Webroot, Noodles & Company, and White Wave Foods, making it central to the business networks in the area. Broomfield has strong demographics, with over 253,000 residents in a 5-mile radius and an average household income exceeding $103,000 within a 3-mile radius. The subject property will be located along Main Street and directly next to Jefferson Academy Secondary School.

Contact the team

7-ELEVEN IS THE LARGEST CHAIN IN THE CONVENIENCE RETAIL INDUSTRY

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.

ZANDY [email protected]: 415.274.2707CA BRE# 01734525

IN CONJUNCTION WITH CO LICENSED BROKER: David LeutholdLeuthold Commercial Properties303.871.9000

3

Investment Highlights

25

25

128128

121

36

36

36

SHER

IDA

N

BO

ULE

VARD

FED

ERA

L B

OU

LEVA

RD

W 120TH AVENUE

W 104TH AVENUE

W 112TH AVENUE

W 100TH AVENUE

287

287

287

BROOMFIELD HIGH

SCHOOLKOHL ELEMENTARY

LEGACY HIGH SCHOOL

WESTLAKE MIDDLE SCHOOL

ARAPAHOE RIDGE

ELEMENTARYCENTENNIAL ELEMENTARY

ACADEMY OF CHARTER

SCHOOLS

COYOTE RIDGE

ELEMENTARY

ASPEN CREEK K-8

JEFFERSON ACADEMY

SECONDARY SCHOOL

THE RANCH COUNTRY

CLUB

LEGACY RIDGE GOLF

COURSE

FRONT RANGE COMMUNITY

COLLEGE

SHERIDAN GREEN

ELEMENTARY

ROCKY MOUNTAIN

METROPOLITAN AIRPORT

HERITAGE GOLF

COURSE

®

ACADEMY OF CHARTER

SCHOOLS

BROOMFIELD HEIGHTS MIDDLE SCHOOL

EAGLE TRACE GOLF

CLUB

UC HEALTH

DENVER28 MINS

71,000 VPD

19,830 VPD

113,000 VPD


44

Aerial

W 112TH AVENUE

MA

IN S

TREE

T

W 113TH PLACE

WADSW

ORTH BOULEVARD

WES

TMIN

STER

B

OU

LEVA

RD

REED

WAY

REED WAY

DENVER BOULDER TURNPIKE

36

BUILDING 2109,344 SF

81,000 VPD

13,310VPD

13,910 VPD

This site plan is a rendering that has been created based on sources we believe to be reliable. 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.

FUTURE RETAIL

FUTURE RETAIL

GATEWAY AT BROOMFIELD IS A NEW MULTI-USE PROJECT LOCATED IN BROOMFIELD,

CO, OFFERING BOTH RETAIL AND INDUSTRIAL SPACE. THE SHOPPING CENTER PROVIDES

EXCELLENT VISIBILITY AND THE ABILITY TO CONNECT TO

HIGHWAY 36, MAKING IT A STRONG RETAIL LOCATION. THE

INDUSTRIAL PORTION OF THE LOCATION IS ANTICIPATED TO HAVE OVER 750 EMPLOYEES.

WADSWORTH STATIONDEVELOPMENT

BRAND NEW MIXED USE AND MULTIFAMILY DEVELOPMENTPLAN - 325 APARTMENT UNITS - 32,000 SF RETAIL/OFFICE

JEFFERSON ACADEMY

SECONDARY SCHOOL

605 STUDENTS OPEN CAMPUS

LUNCH

BROOMFIELD INDUSTRIAL PARK SPORTS COMPLEX

LARGE SPORTS PARK THAT FEATURES FOUR BASEBALL FIELDS, BASKETBALL COURT, INLINE SKATE RINK, PICKLEBALL COURTS, AND PLAYGROUNDS, WHICH HOSTS THE BROOMFIELD RECREATION LEAGUE, MAKING IT A VERY BUSY LOCATION.

Gateway at Broomfield

SWISSLOG HEALTHCARE

SWISSLOG HEALTHCARE DESIGNS, MANUFACTURES AND INSTALLS PNEUMATIC TUBE SYSTEMS FOR HOSPITALS. THE COMPANY HAS

MOVED ITS HEADQUARTERS FROM DENVER TO BROOMFIELD, WITH

APPROXIMATELY 250-300EMPLOYEES IN THE

ADMINISTRATION, SOFTWAREDEVELOPMENT, RESEARCH,PRODUCT DEVELOPMENT,

MARKETING, AND MANUFACTURING DEPARTMENTS.

5

24 Hour FitnessAMC TheatresDollar TreeHome GoodsJimmy John’sKohl’sLittle Caesars

McDonald’sMOD PizzaPanera BreadSmashburgerSproutsStarbucksTaco Bell

TargetThe Home DepotT.J. MaxxVerizonWhole Foods MarketWalgreensWendy’s

KEY 1-MILE 3-MILES 5-MILES


Submarket Overview

SURROUNDING RETAILERS

TOTAL 1-MILE 3-MILES 5-MILES

Businesses 531 3,316 7,381

Employees 7,112 45,026 93,197

Daytime Population 9,886 89,222 253,742

6


PRICE $3,210,309 Price Per Square Foot: $1,048.44

Capitalization Rate: 4.85%

Total Rentable Area (SF): 3,062

Lot Size (AC): 1.11

STABILIZED INCOME PER SQUARE FOOTScheduled Rent $50.85 $155,700

Effective Gross Income $50.85 $155,700

LESS PER SQUARE FOOTTaxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $155,700

7

Income & Expense


TENANT INFO LEASE TERMS RENT SUMMARY

TENANT NAME SQ. FT. CURRENT RENT

MONTHLY RENT

YEARLYRENT

MONTHLY RENT/FT

YEARRENT/FT

7-Eleven 3,062 04/18/18 04/17/23 $155,700 $12,975 $155,700 $4.24 $50.85

04/18/23 04/17/28 $13,948 $167,378 $4.56 $54.66

04/18/28 04/17/33 $14,994 $179,931 $4.90 $58.76

Option 1 04/18/33 04/17/38 $16,119 $193,426 $5.26 $63.17

Option 2 04/18/38 04/17/43 $17,328 $207,933 $5.66 $67.91

Option 3 04/18/43 04/17/48 $18,627 $223,527 $6.08 $73.00

TOTALS: 3,062 $155,700 $12,975 $155,700 $4.24 $50.85

8

Rent Roll

BASE RENT

DATE RANGE MONTHLY RENT ANNUAL RENT

4/18/2018 - 4/17/2023 $12,975 $155,7004/18/2023 - 4/17/2028 $13,948 $167,3784/18/2028 - 4/17/2033 $14,994 $179,931

OPTION RENTS

DATE RANGE MONTHLY RENT ANNUAL RENT

#1. 4/18/2033 - 4/17/2038 $16,119 $193,426#2. 4/18/2038 - 4/17/2042 $17,328 $207,933#3. 4/18/2043 - 4/17/2048 $18,627 $223,527

RENT

TENANT 7-ElevenBUILDING SF 3,062 SFLEASE TYPE NNTERM 15 YearsGRAND OPENING April 18, 2018 RENT COMMENCEMENT 45 Days Following Grand OpeningEXPIRATION April 17, 2033OPTIONS Three 5-Year Options

PREMISE& TERM

TAXESTenant shall reimburse Landlord for all taxes and assessments levied against the premises during the term after presentation to Tenant by Landlord of actual tax statements or copies thereof and receipts of payment.

INSURANCE

Tenant agrees, at Tenant’s expense, to maintain in force continuously throughout the Term, and Extended Term, commercial general public liability insurance covering the Premises.

TENANT’S OBLIGATIONSTenant agrees to maintain, repair, and replace: (i) interior and exterior non-structural portions of the building including, without limitation, the electrical, plumbing, and HVAC, (ii) the roof and roof membrane of the Building, (iii) all glass, (iv) Tenant’s Signs, (v) the landscaped areas and the parking and driveway areas, and (vi) the Motor Fuels Facility.

LANDLORD’S OBLIGATIONSLandlord agrees to maintain the foundation (excluding the slab) and structural soundness of the Premises at Landlord’s sole cost and expense.

EXPENSES


9

Lease Abstract

3,062RENTABLE SF

1.11ACRES

26SPACES

This site plan is a rendering that has been created based on sources we believe to be reliable. 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.

MONUMENT SIGN

MAIN STREET

W 1

13TH

PLA

CE

1010

Site Plan

LOCATIONS IN 18COUNTRIES63,000

7-Eleven, Inc. is the premier name and largest chain in the convenience retail industry. Based in Irving, Texas, 7-Eleven operates, franchises, or licenses more than 63,000 stores in 18 countries, including 10,900 in North America.

Known for its iconic brands such as Slurpee, Big Bite, and Big Gulp, 7-Eleven has expanded into high-quality salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings, cheeseburgers, and hot chicken sandwiches.

7-Eleven offers customers industry-leading private brand products under the 7-Select brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers also count on 7-Eleven for payment services, self-service lockers and other convenient services.

ABOUT 7-ELEVEN

Entrepreneur Magazine ranked 7-Eleven #1 franchise business opportunity on its 2017 Franchise 500 List.

ABOUT THE FRANCHISEE


11

Tenant Overview

POPULATION

1-MILE 3-MILES 5-MILES

2010 8,591 81,841 231,205

2017 9,886 89,222 253,742

2022 10,811 95,005 270,372

2017 HH INCOME

1-MILE 3-MILES 5-MILES

Average $96,999 $103,629 $92,796

Median $80,789 $82,878 $72,797

TOP EMPLOYERS

EMPLOYER # OF EMPLOYEES

Level 3 Communications 2,360

Oracle Corporation 2,000

SCL Healthcare 1,200

Hunter Douglas Window Fashions 950

Vail Resorts 740

BROOMFIELD

DENVER (27 MIN 18 MILES)

THE AVERAGE HOUSEHOLD INCOME WITHIN A 3-MILE RADIUS

IS OVER $103K


BOULDER (18 MIN 13 MILES)

12

Demographics

BROOMFIELD, COLORADO

BROOMFIELD is part of the Denver-Aurora-Broomfield MSA, one of the nation’s strongest metropolitan economies and home to global powerhouse corporations. Broomfield is located equal distances between Denver and Boulder. Within a 15 mile drive to four major education hubs and home to corporate headquarters, tech companies and thriving small businesses, Broomfield is central to the business networks of the future.

As one of the Top 10 best housing markets in the nation, Broomfield is listed as the 9th best place to live in the U.S. by Money Magazine. The Denver-Aurora-Broomfield area ranked 5th out of the healthiest U.S. metropolitan areas in the country according to a 2015 study by NerdWallet.

POPULATION IN BROOMFIELD has grown 16.5% since 2010 and continues to be a popular location for well-educated, young families. With a high

employment rate of 86%, it is home to the headquarters of Level 3 Communications, Ball, Vail Resorts, MWH Global, Webroot, Noodles & Company, and White Wave Foods.

POPULATION GROWTH

66,529

BROOMFIELD POPULATION (ESTIMATED)


DENVER, CO

13

Location Overview

We’d love to hearfrom you.

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:

ZANDY [email protected]: 415.274.2707CA BRE# 01734525

JOE CACCAMO

JOHN ANDREINI

ZANDY SMITH

DAVE LUCAS

RICK SANNER

AARON SUSMAN


CHRIS KOSTANECKI

ZEB RIPPLE

CHRIS PETERS

JACK NAVARRA

IN CONJUNCTION WITH CO LICENSED BROKER: David LeutholdLeuthold Commercial Properties303.871.9000

http://capitalpacific.com/team/

7-ELEVEN -...

Documents

Transcript of 7-ELEVEN -...