Post on 27-Jul-2020
VERIZON MULTI-TENANT INVESTMENT
2ND STREET & NEWPORT RDCASPER, WYOMING 82609
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
VERIZON MULTI-TENANT INVESTMENT
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.
VERIZON MULTI-TENANT INVESTMENT4 136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com
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
5136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com
VERIZON MULTI-TENANT INVESTMENT
VERIZON MULTI-TENANT INVESTMENT6 136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com
TT MAP
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US HWY 20
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307 ADT5,697 ADT
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DT12
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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”.
9136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com
VERIZON MULTI-TENANT INVESTMENT
SITE PLAN
SP-19
NORTH 60SCALE: 1" = 60'-0"
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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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ARCHTECTURALSITE PLAN
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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
D
SHO
P SP
AC
E2,
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
POSE
D P
AD
15,0
00 S
F
VERIZON MULTI-TENANT INVESTMENT10 136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com
11136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com
VERIZON MULTI-TENANT INVESTMENT
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
VERIZON MULTI-TENANT INVESTMENT12 136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com
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
13136 East South Temple, Suite 850 l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com
VERIZON MULTI-TENANT INVESTMENT
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