T h e K as e G rou p - LoopNet€¦ · Investment Offering Brochure. If the person receiving these...
Transcript of T h e K as e G rou p - LoopNet€¦ · Investment Offering Brochure. If the person receiving these...
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The Kase Group
ACTUAL SITE PHOTO
SANTANDER BANK | ABSOLUTE NNN LEASE
800 ENFIELD ST ENFIELD, CT 06082
OFFERING MEMORANDUM Presented By: ROBERT CHANA | VICE PRESIDENT OF INVESTMENT SALEST: 847.571.4636 E: [email protected] BRE#01948220
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WWW.THEK ASEGROUP.COM | SANTANDER BANK ENFIELD, CT
The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of The Kase Group or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is The Kase Group Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to The Kase Group.
Neither The Kase Group Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by The Kase Group with respect to the projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such es mates will be achieved. Further, The Kase Group Advisor and the Owner disclaim any and all liability for representations or warranties, ex- pressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.
DISCLAIMER & CONFIDENTIALITY
The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or The Kase Group Advisor, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.
This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any me with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and un l the Owner executes and delivers a signed Real Estate Purchase Agreement on terms accept- able to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and The Kase Group Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.
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WWW.THEK ASEGROUP.COM | SANTANDER BANK ENFIELD, CT
4 INVESTMENT OVERVIEW
5 FINANCIAL SUMMARY
6 LOCATION AERIAL
7 DEMOGRAPHICS
8 AREA OVERVIEW
TABLE OF CONTENTS
ROBERT CHANA | VICE PRESIDENT OF INVESTMENT SALEST: 847.571.4636 E: [email protected] BRE#01948220
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WWW.THEK ASEGROUP.COM | SANTANDER BANK ENFIELD, CT | 4
INVESTMENT HIGHLIGHTS
OFFERING SPECIFICATIONS
The Kase Group is pleased to present a rare Absolute NNN lease with Santander Bank in Enfield (Hartford), Connecticut. The 20 year lease runs through 2020 and the tenant has six 5 year options to renew. The subject is situated just off of US Route 5 a major thoroughfare for the town. ABSOLUTE NNN LEASED OFFERING
100% FEE SIMPLE INTEREST
ZERO LANDLORD OBLIGATIONS
DRIVE THRU LOCATION
$33 MILLION IN DEPOSITS
SITUATED JUST OFF OF US ROUTE 5
PRICE $1,722,331
CAP RATE 7.25%
NET OPERATING INCOME $124,869
SQUARE-FOOTAGE 2,640
LOT SIZE 1.72 AC
INVESTMENT OVERVIEW
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WWW.THEK ASEGROUP.COM | SANTANDER BANK ENFIELD, CT | 5
FINANCIAL SUMMARY
SANTANDER BANK | ABSOLUTE NNN LEASE800 ENFIELD ST ENFIELD, CT 06082
FEE S IMPLE INTEREST
PRICE CAP RATE
$1,722,331 7.25%
SUMMARY
TENANT NAME SANTANDER BANK
SQUARE FOOTAGE 2,640
LEASE START 2000
LEASE ENDS 2020
ANNUAL RENT $124,869
OPTIONS SIX, 5 YEAR
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LOCATION AERIAL
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WWW.THEK ASEGROUP.COM | SANTANDER BANK ENFIELD, CT | 7
1 MILE 3 MILES 5 MILES
TOTAL POPULATION 8,843 35,640 86,551
TOTAL HOUSEHOLDS 3,643 14,452 31,382
AVERAGE HOUSEHOLD INCOME $73,350 $89,100 $101,586
AVERAGE AGE 36.80 40.50 41.60
DEMOGRAPHICS
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WWW.THEK ASEGROUP.COM | SANTANDER BANK ENFIELD, CT | 8
ENFIELD, CT
Enfield is a town in Hartford County, Connecticut, United States. The population was 44,654 at the 2010 census. It is bordered by Longmeadow, Massachusetts and East Longmeadow, Massachusetts to the north, Somers to the east, East Windsor and Ellington to the south, and the Connecticut River (towns of Suffield and Windsor Locks) to the west. Enfield is home to the U.S. headquarters of Danish plastic building toy manufacturer Lego, which was also the town’s largest employer.
AREA OVERVIEWDEMOGRAPHICS 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 3,998 9,619 51,587
TOTAL POPULATION 3,643 14,452 31,382
PERSONS PER HOUSEHOLD 2.40 2.40 2.50
AVERAGE HOUSEHOLD INCOME $73,350 $89,100 $101,586
AVERAGE HOUSE VALUE $175,918 $195,971 $233,506
AVERAGE AGE 36.80 40.50 41.60
POPULATION WHITE 7,373 31,938 75,095
POPULATION BLACK 766 1,689 6,921
POPULATION AM. INDIAN & ALASKAN 46 103 194
POPULATION ASIAN 338 1,143 2,847
POPULATION HAWAIIAN & PACIFIC ISLAND 18 32 46
POPULATION OTHER 302 734 1,449
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SANTANDER BANK | ABSOLUTE NNN LEASE
800 ENFIELD ST ENFIELD, CT 06082
ENFIELD | CONNECTICUT
ROBERT CHANA | VICE PRESIDENT OF INVESTMENT SALEST: 847.571.4636 E: [email protected] BRE#01948220
WWW.THEK ASEGROUP.COM