Post on 27-Oct-2018
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
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 SMITHzsmith@capitalpacific.comPH: 415.274.2707CA BRE# 01734525
IN CONJUNCTION WITH CO LICENSED BROKER: David LeutholdLeuthold Commercial Properties303.871.9000
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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
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.
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.
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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
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.
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
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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.
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
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Income & Expense
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.
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
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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
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.
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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
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.
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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
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.
BOULDER (18 MIN 13 MILES)
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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)
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.
DENVER, CO
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Location Overview
We’d love to hearfrom you.
CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:
ZANDY SMITHzsmith@capitalpacific.comPH: 415.274.2707CA BRE# 01734525
JOE CACCAMO
JOHN ANDREINI
ZANDY SMITH
DAVE LUCAS
RICK SANNER
AARON SUSMAN
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.
CHRIS KOSTANECKI
ZEB RIPPLE
CHRIS PETERS
JACK NAVARRA
IN CONJUNCTION WITH CO LICENSED BROKER: David LeutholdLeuthold Commercial Properties303.871.9000
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