UNITED STATES POSTAL SERVICE 415-539-1106 · 2019. 7. 19. · Equip, mpower, n nga mployees. 3....
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UNITED STATES POSTAL SERVICE OFFERING MEMORANDUM // 1 1/2 CHERRY ST, COLSTRIP, MT 59323 JAMIE HARRISON 415-539-1106 [email protected] touchstone COMMERCIAL PARTNERS
Transcript of UNITED STATES POSTAL SERVICE 415-539-1106 · 2019. 7. 19. · Equip, mpower, n nga mployees. 3....
UNITED STATES POSTAL SERVICEOFFERING MEMORANDUM // 1 1/2 CHERRY ST, COLSTRIP, MT 59323
JAMIE HARRISON415-539-1106
touchstoneC O M M E R C I A L P A R T N E R S
UNITED STATES POSTAL SERVICE // 2
INVESTMENT SUMMARY
ASKING PRICE$540,000
CAP RATE7.5%
BUILDING SIZE+/- 3,600 Sq. Ft.
LOT SIZE+/- 12,375 Sq. Ft.
YEAR BUILT1982
DEALPOINTS
GROSS INCOME .................................................................................... $44,100
TAXES .........................................................................................................$600
INSURANCE ............................................................................................. $1,121
MAINTENANCE & RESERVES ............................................................... $900
NET OPERATING INCOME ...................................................................$40,479
LEASE ABSTRACT
TENANT United States Postal Service
GUARANTOR Federal Government
ADDRESS 1 1/2 Cherry St, Colstrip, MT 59323
CURRENT RENT $44,100
RENT PSF $12.25/ Square Foot
LEASE TYPE USPS Maintenance Rider
LEASE TERM August 1, 2018 through July, 31, 2022
OPTION None
TERMINATION None
BILLINGS, MT123 mi. from
subject property
UNITED STATES POSTAL SERVICE // 3
SURROUNDING USPS LOCATIONS
3
2
1
USPS ASHLANDDIST: 43.3 miles
HOURS:Open 7 Hours / Day
3USPS LAME DEERDIST: 23.4 miles
HOURS:Open 7 Hours / Day
1 USPS FORSYTHDIST: 35.9 miles
HOURS:Open 8 Hours / Day
2
USPS FORSYTH35.9 miles from
subject property.
USPS LAME DEER23.4 miles from
subject property.
UNITED STATES POSTAL SERVICE // 4
10 Mile Radius 20 Mile Radius 30 Mile Radius
PO
PU
LA
TIO
NH
OU
SEH
OLD
SIN
CO
ME
40 MILE RADIUS
DEMOGRAPHICS
1 1/2 Cherry Street
POPULATION
11,456 4,290 $65,306HOUSEHOLDS INCOME
Estimated Population (2019) 2,542 5,246 10,341
Projected Population (2024) 2,466 5,185 10,350
Census Population (2010) 2,398 5,183 10,233
Census Population (2000) 2,532 5,253 10,300
Projected Annual Growth (2019 to 2024) -0.6% -0.2% -
Historical Annual Growth (2000 to 2019) - - -
Projected Households (2024) 1,025 1,814 3,854
Census Households (2010) 940 1,702 3,603
Census Households (2000) 896 1,646 3,517
Projected Annual Growth (2019 to 2024) -0.4% - 0.2%
Historical Annual Growth (2000 to 2019) 0.9% 0.6% 0.4%
Estimated Average Household Income (2019) $77,538 $68,826 $65,154
Estimated Median Household Income (2019) $89,571 $72,243 $61,576
2019 Estimated Per Capita Income $31,896 $23,949 $24,091
UNITED STATES POSTAL SERVICE // 5
24 HOURSPER DAY
DAYSPER YEAR365
OVER 500KCAREER EMPLOYEES
OVER 31,000ACROSS 50 U.S. STATES
180AND CONTINENTS
OVER COUNTRIES
5
$70.6 BIL.MADE IN 2018
GROWTH
WORLDWIDE
OPERATIONS
REVENUE
LOCATIONS
TENANT PROFILE
The United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal government and Wal-Mart. In a 2006 U.S. Supreme Court decision, the Court noted: “Each day, according to the Government’s submissions here, the United States Postal Service delivers some 660 million pieces of mail to as many as 142 million delivery points.” As of 2014, the USPS operates 31,000 post offices and locations in the U.S., and delivers 155 billion pieces of mail annually.
In October 2016, the Postal Service released Future Ready, a five-year plan required by law starting in 1993. The plan outlines the Postal Service’s goals for the next five years.
1. Deliver a world-class customer experience.2. Equip, empower, and engage employees.3. Innovate faster to deliver value.4. Invest in our future platforms.
UNITED STATES POSTAL SERVICE // 6
Touchstone Commercial Partners presents 1 1/2 Cherry St, Colstrip, MT 59323 (“Property”) for your acquisition. Touchstone Commercial Partners and owner provides the material presented herein without representation or warranty. A substantial portion of information was obtained from sources other than actual knowledge and not all sources can be absolutely confirmed. Moreover, all information is subject to changes by the parties involved as to price or terms before sale, to withdrawal of the Property from the market, and to other events beyond the control of Touchstone Commercial Partners or owner. No representation is made as to the value of this possible investment other than hypothetical scenarios. It is encouraged that you or any of your affiliates consult your business, tax and legal advisors before making a final determination of value or suitability of the Property for acquisition. As a condition of Touchstone Commercial Partners’ consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by Touchstone Commercial Partners, owner or agents of either of these parties regarding the Property–it is required that you agree to treat all such information confidentially.
UNITED STATES POSTAL SERVICE1 1/2 CHERRY ST, COLSTRIP, MT 59323
JAMIE HARRISON415-539-1106
[email protected] BRE #01364847
touchstoneC O M M E R C I A L P A R T N E R S
OFFERING MEMORANDUM
