Conoco - LoopNet...Business & Real Estate Sale of Conoco Gas Station C-Store ... over 60 different...
Transcript of Conoco - LoopNet...Business & Real Estate Sale of Conoco Gas Station C-Store ... over 60 different...
C o n o c oP R I C E , U T
O F F E R I N G M E M O R A N D U M
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O F F I C E S N A T I O N W I D E A N D T H R O U G H O U T C A N A D A
WWW.MARCUSMILLICHAP.COM
EXCLUSIVELY LISTED BY:
MATTHEW PORTERS e n i o r A s s o c i a t e
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C O N O C OP R I C E , U T
O F F E R I N G P R I C E
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E X E C U T I V E S U M M A R Y
VITAL DATA
Price $800,000
Price/SF $474.77
GLA 1,685 SF
Lot Size 0.60 Acres / 26,136 SF
Year Built 1999
Zoning Commercial
APN 01-0622-001
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C O N O C OP R I C E , U T
► Business & Real Estate Sale of Conoco Gas Station C-Store
► Located Just Off Highway 191
► Average Daily Traffic Counts Over 15,300 Vehicles
► 2017 Annual Insides Sales Were $906,119
► 2017 Annual Gallons Sold Were 639,829.39
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O F F E R I N G H I G H L I G H T S
I N V E S T M E N T O V E R V I E W
Marcus & Mi l lchap is p leased to of fer a property located in Pr ice,
Utah. Prominent ly located on 100 North and just over a hal f mi le
f rom Highway 191 the subject property has a dai ly t raf f ic count of
over 15,300 vehic les. The bui ld ing is approximately 1,685 square
feet wi th a land area of 0.60 acres (26,136 square feet) .
This area enjoys a populat ion of over 14,100 wi th in a f ive-mi le
radius and an average household income exceeding $57,500 per
year. The property s i ts just north of Highway 55, which is the main
thoroughfare through Pr ice and where a l l the major reta i l is located.
Less than a mi le northeast of the property is the Utah State Univers i ty
Eastern Campus and Carbon High School is just east of the USU
Eastern Campus. Surrounding reta i l includes Sears, IFA Country
Stores and Ver izon. Other nearby tenants include: McDonald’s,
Walmart , Dol lar General , Maver ick, Smith’s Food & Drug, O’Rei l ly
Auto Parts, AutoZone, Pizza Hut, Subway, Aaron’s, Fami ly Dol lar,
Big 5 Sport ing Goods, Key Bank and more.
Pr ice is centered between Sal t Lake Ci ty and Moab. The area is
home to several of Utah’s most d iverse Nat ional Parks including
Arches Nat ional Park, Canyonlands Nat ional Park, and Dead Horse
Point State Park. The c i ty of Pr ices sees an inf lux of over 2,000
students every academic year due to the Utah State Univers i ty
Eastern Campus which recent ly unvei led a new $20 mi l l ion mult i -
purpose teaching faci l i ty in the Fal l of 2015. The Univers i ty of fers
over 60 di f ferent degree programs and has become a wel l -known
af fordable a l ternat ive to some of the higher pr iced inst i tut ions in
the state.
S A L E S H I G H L I G H T S / /2 0 1 7 M O N T H L Y A V E R A G E S
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53,319G A L L O N S S O L D
$75,510I N S I D E S A L E S
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P R O P E R T Y P H O T O S
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C I T Y O V E R V I E W / /P R I C E , U T
Price is located east of the main mountain range which divides the state of Utah, approximately 70 miles from the main population center along the Wasatch Front.
The Price-Helper-Wellington area is a regional service center, serving a vast rural area and having, as a result excellent amenities and resources for a community this size. Price is the headquarters for a variety of federal and state agency regional offices, retail trade (K-Mart, Walmart, etc.), a very aggressive two-year community college with an enrollment of 2,500, an award winning local newspaper and a nationally recognized hospital. The area crime rate is extremely low and contributes to the peaceful quality of life.
While “rural” in some characteristics, Carbon County is situated on a main transcontinental highway link between Denver and Salt Lake City, and on the main line of the Denver and Rio Grande Railroad, the Southern Pacific Railroad System, the Burlington Northern Railroad and the Utah Railway Co.
Price is located in a high desert, situated in a semi-arid zone that typically has a low humidity and mild winters. Summers have cool nights, hot days and lots of sunshine. There are very few inversion incidents and a very high air quality. Outdoor recreation opportunities are vast. Hiking, biking, water sports, rafting, historical sight-seeing are all within a moments’ walk or drive.
The diverse history of this area is eloquently represented in the built environment. Catholic churches in Helper and Price, along with the historic Greek Orthodox Church in Price, as well as many Mormon chapels tell the story of many cultures coming together in the area. The Helper historic district consists of about 100 buildings, both residential and commercial in nature. As the service center for the Carbon County Coal fields and the D&RGW railroad, Helper was an important focus of commercial activities. Most of the commercial buildings date from the late twenties when this district experienced a substantial building boom which was reflective of the relative prosperity being experienced by the coal industry. Buildings in the district include coffee houses, theaters, rooming houses, Railroad Chapel, Helper Civic Auditorium, Helper City Hall, and the train depot.
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POPULATION 1 MILE 3 MILES 5 MILES
2022 ProjectionTotal Population
5,261 12,518 14,487
2017 EstimateTotal Population
5,201 12,205 14,162
2010 CensusTotal Population
5,289 12,455 14,466
2000 CensusTotal Population
5,135 11,484 13,669
Current Daytime PopulationsTotal Population
7,504 15,780 16,750
HOUSEHOLDS 1 MILE 3 MILES 5 MILES
2022 ProjectionTotal Households
2,040 4,315 5,004
2017 EstimateTotal Households Average (Mean) Household Size
1,9972.42
4,1822.61
4,8612.63
2010 CensusTotal Households
2,031 4,270 4,972
2000 CensusTotal Households
1,923 3,832 4,561
Occupied Units2022 Projection 2017 Projection
2,0402,305
4,3155,018
5,0045,851
POPULATION PROFILE 1 MILE 3 MILES 5 MILES
Population By Age
2017 Estimate Total Population 5,201 12,205 14,162
Under 20 29.15% 29.99% 29.92%
20 to 34 years 21.81% 20.29% 19.80%
35 to 39 years 6.50% 6.34% 6.34%
40 to 49 years 9.11% 10.01% 10.11%
50 to 64 years 16.55% 18.29% 18.56%
Age 65+ 16.90% 15.23% 15.28%
Median Age 34.29 34.93 35.22
Population 25+ by Education Level
2017 Estimate Population Age 25+ 3,261 7,652 8,917
Elementary (0-8) 2.72% 2.37% 2.38%
Some High School (9-11) 9.62% 8.83% 8.93%
High School Graduate (12) 27.23% 26.63% 26.89%
Some College (13-15) 31.01% 30.52% 30.72%
Associate Degree Only 14.75% 13.94% 13.55%
Bachelors Degree Only 10.22% 11.92% 11.93%
Graduate Degree 3.88% 5.28% 5.14%
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES
2017 Estimate
$150,000 Or More 1.41% 2.40% 2.60%
$100,000 - $149,999 8.56% 11.28% 11.57%
$75,000 - $99,999 11.81% 13.18% 13.60%
$50,000 - $74,999 17.49% 19.97% 20.08%
$35,000 - 49,999 16.10% 14.25% 13.85%
Under $35,000 44.61% 38.92% 38.31%
Average Household Income $49,013 $56,449 $57,594
Median Household Income $41,489 $46,963 $47,764
Per Capita Income $19,527 $19,833 $20,201
HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILES
Total Average Household Retail Expenditure $61,318 $67,559 $68,580
Consumer Expenditure Top 10 Categories
Housing $14,722 $15,875 $16,072
Transportation $9,766 $10,756 $10,899
Shelter $8.897 $9,506 $9,614
Food $6,365 $6,904 $6,984
Personal Insurance & Pensions $5,083 $6,094 $6,238
Health Care $4,229 $4,805 $4,900
Cash Contributions $3,542 $4,238 $4,361
Entertainment $2,989 $3,549 $3,631
Utilities $2,904 $3,158 $3,201
Apparel $1,465 $1,645 $1,669
Source:© 2017 Experian
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P R I C I N G D E T A I L S
*Loan information is subject to change. Contact your Marcus and Millichap Capital Corporation representative.
F I N A N C I N G
Price $800,000
Down Payment $120,000
Down Payment % 15%
Loan Amount $680,000
Loan to Value 85%
Loan Type SBA 504
Interest Type Fixed
Interest Rate 6.5%
Amortization 25 Years
Term 5 Years
Year Due 2023
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1 0 4 W e s t 1 0 0 N o r t h | P r i c e , U T 8 4 5 0 1
C O N O C OP R I C E , U T
Optimum financing solutions to enhance value
Our ability to enhance buyer pool by expanding finance options
Our ability to enhance seller control
• Through buyer qualification support
• Our ability to manage buyers finance expectations
• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings
• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file
WHY MMCC?
Optimum financing solutions to enhance value
Our ability to enhance buyer pool by expanding finance options
Our ability to enhance seller control
• Through buyer qualification support
• Our ability to manage buyers finance expectations
• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings
• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file
WHY MMCC?
National Platform Operating
Within the Firm’s Brokerage Offices
$5.63 Billion Total National
Volume in 2017
Access to More Capital Sources Than Any Other
Firm in the Industry
Closed 1,707 Debt & Equity
Financings in 2017
MARCUS & MILLICHAP CAPITAL CORPORATION
CAPABILITIESMMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital
market expertise, precisely managed execution, and unparalleled access to capital sources providing the
most competitive rates and terms.
We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity
funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing
options.
Our dedicated, knowledgeable experts understand the challenges of financing and work tirelessly to resolve
all potential issues to the benefit of our clients.
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N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C ECONFIDENTIALITY & DISCLAIMERThe 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 prepared 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, nor 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2017 Marcus & Millichap. All rights reserved.
NON-ENDORSEMENT NOTICEMarcus & 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.
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E X C L U S I V E L Y L I S T E D B Y :
C O N O C OP R I C E , U T
M A T T H E W P O R T E RS e n i o r A s s o c i a t e
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