SALE PRICE: $4,000,000.00 NNN INVESTMENT PROPERTY FOR … · 4500 S CARSON STREET CARSON CITY, NV...
Transcript of SALE PRICE: $4,000,000.00 NNN INVESTMENT PROPERTY FOR … · 4500 S CARSON STREET CARSON CITY, NV...
4500 S CARSON STREET CARSON CITY, NV 89701
CARSON TAHOE QUAIL PARK
CONFIDENTIAL OFFERING MEMORANDUM
THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.
2% OUTSIDE SALE FEE
EXCLUSIVELY LISTED SALE OPPORTUNITY
EDWARD G. YUILL B.0018931.LLC
[email protected] │ │CALL US TODAY AT
775.825.7979
This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of
the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Compa-
nies www.ribeirocorp.com
OFFICE HOURS:
Monday-Friday
8:00 AM—5:00 PM
6490 S. McCarran Blvd., Bldg. E
Reno, NV 89509
www.r ib e i ro c or p .c o m
SALE PRICE: $4,000,000.00
NNN INVESTMENT PROPERTY FOR SALE
Design/Development: Johnny A. Ribeiro
Project Mgt./Brokerage: Edward G. Yuill
THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.
2% OUTSIDE SALE FEE
EXCLUSIVELY LISTED SALE OPPORTUNITY
EDWARD G. YUILL B.0018931.LLC
[email protected] │ │CALL US TODAY AT
775.825.7979
This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of
the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Compa-
nies www.ribeirocorp.com
OFFICE HOURS:
Monday-Friday
8:00 AM—5:00 PM
6490 S. McCarran Blvd., Bldg. E
Reno, NV 89509
www.r ib e i ro c or p .c o m
OFFERING MEMORANDUM
4500 S CARSON STREET ● CARSON CITY, NV 89701
Design/Development: Johnny A. Ribeiro
Project Mgt./Brokerage: Edward G. Yuill
PROPERTY INFORMATION
Address 4500 S. Carson St Carson City, NV 89706
Total Land Acreage .180 Acres
Total Building Size 7,800 SF
Year Built 2008
LEASING
Lease Type NNN
Lease Term 120 Months (102 Months Remaining)
NOI $234,000
SALE PRICING
Price $4,000,000
Cap Rate 6.25%
• Single NNN Tenant - Frese-
nius Medical Care, Liberty
Dialysis
• 24,000 Traffic Count
• Near I-580 and Hwy 50
Interchanges
• Food and Services
Available Nearby
• Assumable loan ($1,617,000)
1% fee, current rate 4.75%
• NNN Lease expires
1/31/2029—see rent schedule
for increases
• Located in Carson Tahoe
Quail Park Maintenance
Association
THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.
2% OUTSIDE SALE FEE
EXCLUSIVELY LISTED SALE OPPORTUNITY
EDWARD G. YUILL B.0018931.LLC
[email protected] │ │CALL US TODAY AT
775.825.7979
This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of
the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Compa-
nies www.ribeirocorp.com
OFFICE HOURS:
Monday-Friday
8:00 AM—5:00 PM
6490 S. McCarran Blvd., Bldg. E
Reno, NV 89509
www.r ib e i ro c or p .c o m
OFFERING MEMORANDUM
4500 S CARSON STREET ● CARSON CITY, NV 89701
Design/Development: Johnny A. Ribeiro
Project Mgt./Brokerage: Edward G. Yuill
FRESENIUS MEDICAL CARE LIBERTY DIALYSIS
LEASE ABSTRACT
TENANT Fresenius Medical Care Liberty Dialysis Carson City
TERM 10 Year (8 Year 6 Mo. Remaining)
OPTIONS Three 5 Year Options
CONCESSIONS One Half Month Abatement Jan-2022, Jan-2024, Jan-2026 & Jan-2029
BUILDING SIZE (SF) 7800
LAND ACREAGE .180
YEAR BUILT 2008
RENT COMMENCEMENT DATE 2/1/2019
PERMITTED USE Kidney & Related Medical Care
REAL ESTATE TAXES Tenant responsibility
CAM Tenant responsibility
INSURANCE Tenant responsibility
ASSIGNMENT & SUBLETTING Tenant shall not assign this lease or sublet the Premises, without the written consent of Landlord.
FRESENIUS MEDICAL CARE LIBERTY DIALYSIS
RENT SCHEDULE
Lease Months Annual Base
Rent Monthly Base
Rent
2/1/2020 - 1/31/21 $234,000.00 $19,500.00
2/1/2021 - 1/31/22 $234,000.00 $19,500.00
2/1/2022 - 1/31/23 $238,680.00 $19,890.00
2/1/2023 - 1/31/24 $238,680.00 $19,890.00
2/1/2024 - 1/31/25 $243,453.60 $20,287.80
2/1/2025 - 1/31/26 $243,453.60 $20,287.80
2/1/2026 - 1/31/27 $248,322.72 $20,693.56
2/1/2027 - 1/31/28 $248,322.72 $20,693.56
2/1/2028 - 1/31/29 $253,289.16 $21,107.43
OPTION PERIODS (Calculated at 3% Annual Increase)
(Option also allows for CPI calculated increase)
Lease Months Annual Base
Rent Monthly Base
Rent
2/1/2029 - 1/31/30 $ 260,887.83 $ 21,740.65
2/1/2030 - 1/31/31 $ 268,714.47 $ 22,392.87
2/1/2031 - 1/31/32 $ 276,775.90 $ 23,064.66
2/1/2032 - 1/31/33 $ 285,079.18 $ 23,756.60
2/1/2033 - 1/31/34 $ 293,631.56 $ 24,469.30
2/1/2034 - 1/31/35 $ 302,440.50 $ 25,203.38
2/1/2035 - 1/31/36 $ 311,513.72 $ 25,959.48
2/1/2036 - 1/31/37 $ 320,859.13 $ 26,738.26
2/1/2037 - 1/31/38 $ 330,484.90 $ 27,540.41
2/1/2038 - 1/31/39 $ 340,399.45 $ 28,366.62
2/1/2039 - 1/31/40 $ 350,611.43 $ 29,217.62
2/1/2040 - 1/31/41 $ 361,129.78 $ 30,094.15
2/1/2041 - 1/31/42 $ 371,963.67 $ 30,996.97
2/1/2042 - 1/31/43 $ 383,122.58 $ 31,926.88
2/1/2043 - 1/31/44 $ 394,616.26 $ 32,884.69
THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.
2% OUTSIDE SALE FEE
EXCLUSIVELY LISTED SALE OPPORTUNITY
EDWARD G. YUILL B.0018931.LLC
[email protected] │ │CALL US TODAY AT
775.825.7979
This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of
the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Compa-
nies www.ribeirocorp.com
OFFICE HOURS:
Monday-Friday
8:00 AM—5:00 PM
6490 S. McCarran Blvd., Bldg. E
Reno, NV 89509
www.r ib e i ro c or p .c o m
OFFERING MEMORANDUM
4500 S CARSON STREET ● CARSON CITY, NV 89701
Design/Development: Johnny A. Ribeiro
Project Mgt./Brokerage: Edward G. Yuill
Fresenius Medical Care - Worldwide Market Leader North America is Fresenius Medical Care’s largest market by far. The company operates more than 2,300 of its own dialysis clinics here, and treats more than 180,000 patients.
THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.
2% OUTSIDE SALE FEE
EXCLUSIVELY LISTED SALE OPPORTUNITY
EDWARD G. YUILL B.0018931.LLC
[email protected] │ │CALL US TODAY AT
775.825.7979
This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of
the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Compa-
nies www.ribeirocorp.com
OFFICE HOURS:
Monday-Friday
8:00 AM—5:00 PM
6490 S. McCarran Blvd., Bldg. E
Reno, NV 89509
www.r ib e i ro c or p .c o m
OFFERING MEMORANDUM
4500 S CARSON STREET ● CARSON CITY, NV 89701
Design/Development: Johnny A. Ribeiro
Project Mgt./Brokerage: Edward G. Yuill
Population Carson City United States
Population estimates, July 1, 2019, (V2019) 55,916 328,239,523
Population estimates base, April 1, 2010, (V2019) 55,269 308,758,105
Population, percent change - April 1, 2010 (estimates base) to July 1, 2019, (V2019)
1.2% 6.3%
Population, Census, April 1, 2010 55,274 308,745,538
Age and Sex Carson City United States
Persons under 5 years, percent 5.3% 6.1%
Persons under 18 years, percent 20.6% 22.4%
Persons 65 years and over, percent 19.6% 16.0%
Female persons, percent 48.8% 50.8%
Race and Hispanic Origin Carson City United States
White alone, percent 80.3% 76.6%
Black or African American alone, percent 1.8% 13.4%
American Indian and Alaska Native alone, percent 2.5% 1.3%
Asian alone, percent 2.7% 5.9%
Native Hawaiian and Other Pacific Islander alone, percent
0.1% 0.2%
Two or More Races, percent 2.8% 2.7%
Hispanic or Latino, percent 23.7% 18.3%
White alone, not Hispanic or Latino, percent 67.5% 60.4%
Population Characteristics Carson City United States
Veterans, 2014-2018 4,634 18,611,432
Foreign born persons, percent, 2014-2018 12.2% 13.5%
Housing Carson City United States
Owner-occupied housing unit rate, 2014-2018 55.7% 63.8%
Median value of owner-occupied housing units, 2014-2018 $242,200 $204,900
Median selected monthly owner costs -with a mortgage, 2014-2018 $1,403 $1,558
Median selected monthly owner costs -without a mortgage, 2014-2018 $434 $90
Median gross rent, 2014-2018 $895 $1,023
Families & Living Arrangements Carson City United States
Households, 2014-2018 22,461 119,730,128
Persons per household, 2014-2018 2.33 2.63
Living in same house 1 year ago, percent of persons age 1 year+, 2014-2018 81.3% 85.50%
Language other than English spoken at home, percent of persons age 5 years+, 2014-2018
22% 21.5%
Education Carson City United States
High school graduate or higher, percent of persons age 25 years+, 2014-2018 87.3% 87.7%
Bachelor's degree or higher, percent of persons age 25 years+, 2014-2018 22.3% 31.5%
Health Carson City United States
With a disability, under age 65 years, percent, 2014-2018 18.1% 8.6%
Persons without health insurance, under age 65 years, percent 12.8% 10.%
THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.
2% OUTSIDE SALE FEE
EXCLUSIVELY LISTED SALE OPPORTUNITY
EDWARD G. YUILL B.0018931.LLC
[email protected] │ │CALL US TODAY AT
775.825.7979
This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of
the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Compa-
nies www.ribeirocorp.com
OFFICE HOURS:
Monday-Friday
8:00 AM—5:00 PM
6490 S. McCarran Blvd., Bldg. E
Reno, NV 89509
www.r ib e i ro c or p .c o m
OFFERING MEMORANDUM
4500 S CARSON STREET ● CARSON CITY, NV 89701
Design/Development: Johnny A. Ribeiro
Project Mgt./Brokerage: Edward G. Yuill
Businesses Carson City United States
Total employer establishments, 2017 X 7,860,674
Total employment, 2017 X 128,591,812
Total annual payroll, 2017 ($1,000) X 6,725,346,745
Total employment, percent change, 2016-2017 X 1.5%
Total nonemployer establishments, 2018 X 26,485,532
All firms, 2012 6,630 27,626,360
Men-owned firms, 2012 3,251 14,844,597
Women-owned firms, 2012 1,482 9,878,397
Minority-owned firms, 2012 940 7,952,386
Nonminority-owned firms, 2012 4,619 18,987,918
Veteran-owned firms, 2012 759 2,521,682
Nonveteran-owned firms, 2012 4,590 24,070,685
Economy Carson City United States
In civilian labor force, total, percent of population age 16 years+, 2014-2018 59.9% 62.9%
In civilian labor force, female, percent of population age 16 years+, 2014-2018 56.7% 58.2%
Total accommodation and food services sales, 2012 ($1,000) 133,404 708,138,598
Total health care and social assistance receipts/revenue, 2012 ($1,000) 510,765 2,040,441,203
Total manufacturers shipments, 2012 ($1,000) 634,030 5,696,729,632
Total merchant wholesaler sales, 2012 ($1,000) 276,404 5,208,023,478
Total retail sales, 2012 ($1,000) 918,199 4,219,821,871
Total retail sales per capita, 2012 $16,744 $13,443
Transportation Carson City United States
Mean travel time to work (minutes), workers age 16 years+, 2014-2018 19.2 26.6
Income & Poverty Carson City United States
Median household income (in 2018 dollars), 2014-2018 $52,034 $60,293
Per capita income in past 12 months (in 2018 dollars), 2014-2018 $29,767 $32,621
Persons in poverty, percent 13.70% 11.80%
Geography Carson City United States
Population per square mile, 2010 382.1 87.4
Land area in square miles, 2010 144.66 3,531,905.43
Information Provided by United States Census Bureau
THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.
2% OUTSIDE SALE FEE
EXCLUSIVELY LISTED SALE OPPORTUNITY
EDWARD G. YUILL B.0018931.LLC
[email protected] │ │CALL US TODAY AT
775.825.7979
This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of
the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Compa-
nies www.ribeirocorp.com
OFFICE HOURS:
Monday-Friday
8:00 AM—5:00 PM
6490 S. McCarran Blvd., Bldg. E
Reno, NV 89509
www.r ib e i ro c or p .c o m
OFFERING MEMORANDUM
4500 S CARSON STREET ● CARSON CITY, NV 89701
Design/Development: Johnny A. Ribeiro
Project Mgt./Brokerage: Edward G. Yuill
THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.
2% OUTSIDE SALE FEE
EXCLUSIVELY LISTED SALE OPPORTUNITY
EDWARD G. YUILL B.0018931.LLC
[email protected] │ │CALL US TODAY AT
775.825.7979
This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of
the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Compa-
nies www.ribeirocorp.com
OFFICE HOURS:
Monday-Friday
8:00 AM—5:00 PM
6490 S. McCarran Blvd., Bldg. E
Reno, NV 89509
www.r ib e i ro c or p .c o m
OFFERING MEMORANDUM
4500 S CARSON STREET ● CARSON CITY, NV 89701
Design/Development: Johnny A. Ribeiro
Project Mgt./Brokerage: Edward G. Yuill
This Offering Memorandum has been prepared by The Ribeiro Companies for use by interested parties to evaluate the potential acquisition of 4500 South Carson Street located in Carson City, Nevada (the “Property”). All projections have been developed by The Ribeiro Companies, Owner and designated sources, are based upon assumptions relating to the general economy, competition, and other factors beyond control of The Ribeiro Companies and Owner, and therefore are subject to variation. No representation is made by The Ribeiro Companies or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property. Although the information contained herein has been obtained from sources deemed to be reliable and believed to be correct, The Ribeiro Companies, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, The Ribeiro Companies, Owner and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient.
The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.
Additional information and an opportunity to inspect the property will be made available to interested and qualified prospective investors upon written request. Owner and The Ribeiro Companies each expressly reserve the right, at their sole discretion, to reject any or all expressions of in-terest or offers regarding the property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entity reviewing this Offering Memorandum or making an offer to purchase the property unless and until such offer is approved by Owner, a written agreement for the purchase of the property has been fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived.
This Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting this Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose this Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or The Ribeiro Companies and that you will use the information is this Offering Memorandum for the sole purpose of evaluating your interest in the property and you will not use the Offering Memorandum or any to the contents in any fashion or manner detrimental to the interest of Owner or The Ribeiro Companies. If you have no interest in the property, please return the Offering Memorandum to The Ribeiro Companies. © 2019 The Ribeiro Companies All Rights Reserved