Plattsmouth Plaza brochure LR - LoopNet

PLATTSMOUTH PLAZANNN RETAIL INVESTMENT SALE16401 Westside Drive | Plattsmouth, NE

ACCESS Commercial, LLC1303 South 72nd Street, Suite 209

Omaha, NE 68124www.accesscommercial.com

Represented By:Kirk [email protected]

Danielle [email protected]

100% Leased grocery anchored retail strip

plattsmouthplaza

Offered Exclusively by:

CONFIDENTIALITY AND RESTRICTED USE

ACCESS Commercial, LLCwww.accessdoesit.com

The information contained in the following Marketing Brochure is proprietary and strict confidential. It is intended to be reviewed only by the party receiving it from Access Commercial and should not be made available to any other person or entity without the written consent of Access Commercial. 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 thorough due diligence investigation. Access Commercial had 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. Any projections, opinions, assumptions, or estimates used in the Marketing Brochure are for example only and do not represent the current or future performance of any property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Access Commercial has not verified, and will not verify, any of the information contained herein, nor has Access Commercial conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Like all real estate investments, all of these investments carry significant risks. Purchasers and Purchaser’s legal and financial advisors must request and carefully review all legal and financial documents related to the properties and tenants. While the tenant’s past performance at these locations 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, Purchaser 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 Purchaser may be able to negotiate with a potential replacement tenant if the current considering the location of the property, and Purchaser’s legal ability to make alternate use of the property. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By accepting this Marketing Brochure you are agreeing to release Access Commercial and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of any property.

Kirk Hanson & Danielle Lowry1303 South 72nd StreetSuite 209Omaha, NE 68124Office: [email protected]@accesscommercial.com

Plattsmouth TOP EMPLOYERS1. Plattsmouth Public Schools

2. Cass County

3. Liquid Trucking

4. Hy-Vee Grocery Store

The economy of Cass County, NE employs 13,103 people. The average

median income is $65,600, which is more than the median annual income

in the United States. Plattsmouth is a bedroom community of the Omaha

Metro, located just 20 minutes south on Highway 75 and is the county

seat of Cass County.

ECONOMIC OVERVIEW

- Lewis & Clark Trail

- Historic Main Street Plattsmouth

- Slattery Vintage Estates Vineyard

- Schilling Wildlife Management Area

- Rhylander Park

- Bay Hills Golf Course

plattsmouthtourist attractions


EAST CASS COUNTY, NEBRASKA OVERVIEW

PLATTSMOUTH

The information contained in the following Marketing Brochure is proprietary and strict confidential. It is intended to be reviewed only by the party receiving it from Access Commercial and should not be made available to any other person or entity without the written consent of Access Commercial. 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 thorough due diligence investigation. Access Commercial had 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. Any projections, opinions, assumptions, or estimates used in the Marketing Brochure are for example only and do not represent the current or future performance of any property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Access Commercial has not verified, and will not verify, any of the information contained herein, nor has Access Commercial conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Like all real estate investments, all of these investments carry significant risks. Purchasers and Purchaser’s legal and financial advisors must request and carefully review all legal and financial documents related to the properties and tenants. While the tenant’s past performance at these locations 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, Purchaser 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 Purchaser may be able to negotiate with a potential replacement tenant if the current considering the location of the property, and Purchaser’s legal ability to make alternate use of the property. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By accepting this Marketing Brochure you are agreeing to release Access Commercial and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of any property.

NAME: PLATTSMOUTH PLAZA

LOCATION: 16401 Westside Drive Plattsmouth, NE

MAIN STREET: Highway 75 & Westside Drive

TENANT: Scooters, Little Caesars Verizon, Cost Cutters, H&R Block PURCHASE PRICE: $1,650,000

CAP RATE: 7.17%

ANNUAL RENT: $118,350

GROSS LEASABLE AREA: 7,000 SF

LEASE TYPE: Absolute NNN

LOT SIZE: 1.2 Acres

TERM: 3-5 Years


INVESTMENT OVERVIEW

Daytime Population

Population

Average HH Income

3,206

10,403

$79,934

5 Mile Trade Area

TRADE AREACass County has an annual income of $65,619, which is more than the median

annual income in the United States. This area has a strong residential population,

above average incomes and high regional traffic from surrounding communities.

Located within a 1/4 mile of the site are national brands Hy-Vee, Shopko, Little

Caesars Pizza, Scooters and Anytime Fitness.

PROPERTY SUMMARY: 100% LEASED. Prominent retail strip building anchored by new Hy-Vee Grocery

store. Located in Plattsmouth, NE along HWY 75, which is the main commuter

route from Plattsmouth to the Omaha metro. Traffic counts exceed 15,000 cars per

day. This property has a strong national tenant mix and is positioned well in the

market.

20,138

71,070

$83,576

FINANCIAL ANALYSIS

RENT SCHEDULE

TENANTS:LITTLE CAESARS, H&R BLOCK, VERIZONCOST CUTTERS, SCOOTERS

PURCHASE PRICE:$1,650,000

CAP RATE: 7.17%

GROSS LEASABLE AREA:7,000 SF

LOT SIZE: 1.2 ACRES

LEASE EXPIRATION:3 - 5 YEARS

NOTES:

- National Tenants

- Strong Franchisees

- Corporate Regis and H&R Block

YEAR

2018

2019

2020

AMOUNT PER YEAR

$119,395

$122,295

$124,395


TENANT OVERVIEWLittle Caesars is the third-largest pizza chain in the United States, behind Pizza Hut and Domino’s. The company was founded in 1959 and is based in Detroit, Michigan. Little Caesar Enterprises, Inc. operates as a subsidiary of Ilitch Holdings, Inc. Today, Little Caesars has over 5,000 locations, with international units in Europe, Asia, and the Middle East.


TENANT OVERVIEWBased in Kansas City and founded in 1955 H&R Block is an American tax preparation company in North America, Australia, and India. H&R Block currently operates approximately 12,000 retail tax offices worldwide.

TENANT PROFILECompany Little Caesars Enterprises, IncDBA Little CeasarsBusiness Type Pizza Restaurant ChainEntity Type PrivateLocations 5,483

Tenant Providence Pizza, LLCLocations 2

TENANT PROFILECompany H&R Block, Inc.DBA H&R BlockBusiness Type Tax Prep ServicesEntity Type PublicLocations 12,000+

Tenant H&R Block Enterprises, LLCLocations 12,000+

TENANT PROFILE

TENANT OVERVIEWZ Wireless, now Victra Wireless, is the largest authorized dealer of Verizon Wireless with locations in 46 States. They are backed by the largest wireless network, Verizon, and rated number one in the country.


Company Z Wireless Holdings, IncDBA Victra WirelessBusiness Type Cellular Phone Sales and ServiceEntity Type PrivateLocations 1,145

Tenant AKA Wireless II, IncLocations 1,145

TENANT PROFILE

TENANT OVERVIEWCost Cutters operates under the Regis Corporation, which is the largest hair salon chain in the world with over 10,000 locations.

Company Regis CorporationDBA Cost CuttersBusiness Type Hair SalonEntity Type PublicLocations 10,000

Tenant The Barbers, Hairstyling for Men & Women, Inc.Locations 10,000

TENANT OVERVIEWStarted in 1998 and based in Omaha, NE, Scooter’s Coffee franchises and operates over 200 coffeehouses. Since 2001 Scooters has been a franchised business and has since expanded across the United States. Global sales for 2016 are in excess of $50 million.


TENANT PROFILECompany Boundless Enterprises, LLCDBA Scooter’s CoffeehouseBusiness Type Coffee HouseEntity Type PrivateLocations 200+

Tenant Schaper Enterprises, Inc.Locations 1


16401 Westside driveplattsmouth, Ne


OAK HILL ROAD 3,000 CPD

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PDH

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WA

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16401 Westside driveplattsmouth, Ne



OMAHAarea

lincolnarea

plattsmouth

DISTANCE BETWEEN PLATTSMOUTH & OMAHA: 30 MINUTES

DISTANCE BETWEEN PLATTSMOUTH & LINCOLN: 1 HOUR

Plattsmouth Plaza brochure LR - LoopNet

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