VERIZON MULTI-TENANT INVESTMENT...Verizon Wireless (commonly shortened to Verizon, and stylized as...

VERIZON MULTI-TENANT INVESTMENT

2ND STREET & NEWPORT RDCASPER, WYOMING 82609

https://www.mtnwest.com/our-team/jcooley

TABLE OF CONTENTS

RETAIL MAPS

13 SITE PLAN

17 TENANT PROFILES

19 PROPERTY PHOTOS

24 DEMOGRAPHICS 25 DEMOGRAPHICS 27

VERIZON MULTI-TENANT INVESTMENT2 136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com

Mountain West Commercial Real Estate has been retained on an exclusive basis to market the property described as 2nd Street & Newport Rd, Casper, Wyoming 82609. Broker has been authorized by seller of the property to prepare and distribute the enclosed information for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and the prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and /or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

Seller reserves the right, for any reason, to withdraw the Property from the Market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.

Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.

CONFIDENTIALITYAND DISCLOSURE

PREPARED BY

2ND STREET & NEWPORT RDCASPER, WYOMING 82609

VERIZONMULTI-TENANTINVESTMENT

3136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com


INVESTMENT SUMMARY

LISTING PRICE$4,118,000

NOI$257,382

CAP RATE6.25%

CURRENT OCCUPANCY100%

TOTAL GLA (SF)7,852

PARCEL SIZE (ACRES)1.15

YEAR BUILT2015/ 2016

LEASE TYPENNN

PROPERTY FEATURES

LOCATION5121,5133 E 2nd St Casper, WY 82609

INTERSECTION Located on the southeast hard corner of 2nd Street & Newport Road at the main entrance of Blackmore Marketplace

SITE Property is located on the hard corner of the Blackmore Marketplace shopping center trade area. Site has excellent visablity and access from all positions. In addition, site has ample parking.

BUILDING Constructed in 2015/ 2106 the structure is in excellent condition and has not had any history of maintence problems. Building is subdivided into two spaces with utilities separated for each tenant.


RENT ROLL

TENANT NAME ADDRESS SUITE RSFPROPORTIONATE

SHAREBASE RENT

MONTHLY CAM

RENT INCREASE

LEASE EXPIRE

OPTIONS

Verizon 5121 E 2nd St N/A 4,450 56.67% $13,117.71 $1,801.18 8/1/2019 7/31/2026Three (3) three (3) year terms

America’s Mattress

5133 E 2nd St N/A 3,402 43.33% $8,221.50 $1,376.99 9/1/2021 8/31/2026Two (2) five (5)

year terms

TOTALS 7,852 100.00% $21,339.21



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203 ADT

6,688 ADT

8,737 ADT

8,758 ADT

208 ADT

14,059 ADT

4,373 ADT

5,821 ADT

6,412 ADT

F:\Projects\SL\Moore\CasperBldgOM\SurroundingRetail.mxd - 2/4/2019 mliapis

WYOMING BLVD & I-25CASPER, WY

SURROUNDING RETAIL

WYOMING BLVD & I-25

SITE

WYOMING

MARKET DATA

Casper, ID Casper is a city in and the county seat of Natrona County, Wyoming, United States. Casper is the second largest city in the state, according to the 2010 census, with a population of 55,316. Only Cheyenne, the state capital, is larger. Casper is nicknamed “The Oil City” and has a long history of oil boomtown and cowboy culture, dating back to the development of the nearby Salt Creek Oil Field. In 2010, Casper was named the highest-ranked family-friendly small city in the West, and ranked eighth overall in the nation in Forbes magazine’s list of “the best small cities to raise a family”.



SITE PLAN

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MCNEIL ENGINEERING - SURVEYING, L.C. MCNEIL ENGINEERING STRUCTURAL, L.C. MCNEIL ASPEN CONSULTANTS, L.C. MCNEIL ENGINEERING - CIVIL, L.C.

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5COPYRIGHT DESIGN W

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ISSUED:

CHECKED BY:

DRAWN BY:

PROJECT #:

MARK: DATE: DESCRIPTION: NEW RETAIL BUILDINGAPPROX. NEWPORT RD & EAST 2ND STREETCASPER, WYOMING09-25-14

NOT FOR CONSTRUCTION

OLCOTT

NOT FOR CONSTRUCTION

414145

PIENEZZA

PRO

POSE

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AC

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500

SF

PAD BLOT 4

PAD ALOT 5

TRACT A

Lot 227,437 SF0.63 Ac.

Lot 128,416 SF0.65 Ac.

PROPOSED PAD42,000 SF

Lot 5118,885 SF

2.73 Ac.

Lot 473,647 SF1.69 Ac.

17,500 +/- SF

8,40

0 +/

- SF

Lot 6: 266,627 SF6.58 Ac.

Lot 3173,328 SF

3.98 Ac.

PRO

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TENANT PROFILES

Verizon Wireless (commonly shortened to Verizon, and stylized as verizon), is an American telecommunications company which offers wireless products and services. It is a wholly owned subsidiary of Verizon Communications. With 154 million subscribers Q3 2018. Verizon Wireless is the largest wireless telecommunications provider in the United States.

The company is headquartered in Basking Ridge, New Jersey. It was founded in 2000 as a joint venture of American telecommunications firm Bell Atlantic, which would soon become Verizon Communications, and Britishmultinational telecommunications company Vodafone. Verizon Communications became the sole owner in 2014 after buying Vodafone’s 45-percent stake in the company.

It operates a national 4G LTE network covering about 98 percent of the U.S. population, which in December 2015 won or tied for top honors in each category of the RootMetrics RootScore Reports. Verizon Wireless offers mobile phone services through a variety of devices. Its LTE in Rural America Program, with 21 rural wireless carriers participating, covers 2.7 million potential users in 169 rural counties. Verizon Wireless announced in 2015 that it was developing a 5G, or fifth generation, network.

America’s Mattress is a national franchise/affiliation with 300 stores nationwide, selling national brands including iComfort, Sertapedic, Beautyrest, and Dreamhaven. The Casper location is owned locally by Flanigan’s Furniture Outlet.

WEBSITE verizon.com

OWNERSHIP Public

LOCATIONS 7250-7500

HEADQUARTERS Basking Ridge, New Jersey

WEBSITE americasmattress.com

OWNERSHIP Private/franchise

LOCATIONS 300

HEADQUARTERS Chicago, IL


DEMOGRAPHICS

POPULATION

AVERAGE HOUSEHOLD INCOME

BUFFERS - 1, 3, 5 MILES

201896,10850 MILESEST. POPULATION

202399,77150 MILESEST. POPULATION

201838,55450 MILESEST. HOUSEHOLDS

202339,88650 MILESEST. HOUSEHOLDS

2018$74,58650 MILESEST. INCOME

2023$83,64450 MILESEST. INCOME



136 E. South Temple, Suite 805 l Salt Lake City, UT 84111 l Office 801.456.8800 l Fax 801.578.5500 l www.mtnwest.com

PREPARED BY

VERIZON MULTI-TENANT INVESTMENT...Verizon Wireless (commonly shortened to Verizon, and stylized as...

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