ACROSS FROM SANGERTOWN SQUARE MALL - LoopNet

INVESTMENT OPPORTUNITY PIZZA HUTACROSS FROM SANGERTOWN SQUARE MALL

ST. PAUL, MN

OFFERED AT: $933,000 | 5.75% CAP

NEW HARTFORD, NY (UTICA)

EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

PIZZA HUT | New Hartford (Utica), NY | 2

4 Offering Summary5 Investment Highlights6 Lease Summary & Rent Overview

EXECUTIVE SUMMARY

8 Location Maps9 Property Photos11 Neighboring Tenants13 Aerials

PROPERTY INFORMATION

20 About Pizza Hut

TENANT OVERVIEWS

22 New Hartford/Utica Overview23 Marcy Nanocenter at SUNY24 Demographics

Confidentiality Agreement & Disclosures

AREA OVERVIEW

EXCLUSIVELY REPRESENTED BY

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RGB R:145 / G:0 / B:40

CMYK C:0 / M:0 / Y:0 / K65

RGB R:119 / G:120 / B:123

RYAN BARRPrincipal

[email protected]

RYAN BENNETTPrincipal

[email protected]

TABLE OF CONTENTS

Lee & Associates BQ LI LLCNY Real Estate Broker Lic No. 10991213598

EXECUTIVE SUMMARYPIZZA HUT, NEW HARTFORD NY (UTICA)



PROPERTY OVERVIEW

Address: 8400 Seneca TurnpikeNew Hartford, NY 13413

Property Size: Approx 3,051 Sq. Ft.Land Size: 20,473 Sq. Ft.Ownership: Fee SimpleYear Built: 2007

INVESTMENT HIGHLIGHTSOffering Price: $933,000Net Operating Income: $53,628Cap Rate: 5.75%Price/SF: $305

Lee & Associates is pleased to exclusively offer for sale to qualified investors the opportunity to purchase a 100% fee-simple interest in a Pizza Hut property located at 8400 Seneca Turnpike in New Hartford (Utica), New York (the “Property). Built in 2007, the Property consists of a 3,051-square-foot retail building that sits on an approximately 20,473-square-foot parcel.

The subject property is leased to the largest Pizza Hut franchisee in the northeast dba Pizza Hut on a 20-year absolute triple-net (NNN) lease with 10% increases every 5 years in the Primary Term and (4) 5-year Option periods. The site is a profitable location for the Tenant, which has reported an ideal 7.9% rent to sales ratio.

Pizza Hut is a subsidiary of Yum! Brands, Inc., and is the most recognized pizza restaurant chain in the world, operating more than 16,400 restaurants in more than 100 countries. Headquartered in Louisville, Kentucky, YUM! Brands, Inc. reported a company revenue of $6 billion in 2016.

The subject property is located at the intersection of Seneca Turnpike and Middlefield Dr, offering excellent visibility to combined traffic counts of 27,000 cars per day and multiple access points in/out of the property. Seneca Turnpike is a major retail/commuter corridor with national retailers in the area such as Walmart Supercenter, Kohl’s, Lowe’s, Aldi, Pep Boys, Autozone, Party City, Toys ‘R’ Us, and Rockin Jump nearby, as well as restaurants including Dunkin Donuts, McDonald’s, Berkshire Bank, Wendy’s, KFC, and Denny’s. Additional nearby shopping centers include Sangertown Square shopping mall located across from the subject property, with anchor tenants including Macy’s, Target, Boscov’s, Dick’s Sporting Goods, and JC Penney; and New Hartford Consumer Square with Walmart Supercenter, TJ Maxx, Best Buy, Staples, Applebee’s, Barnes & Noble, Old Navy and PetSmart.

The subject property is located in New Hartford, NY, located adjacent to Utica. Utica is the county seat of Oneida County and the tenth-most-populous city in New York, located approximately 90 miles northwest of Albany and 45 miles east of Syracuse. With a business-friendly environment and growing population, the city presents various locations that offer high traffic counts, high visibility and an avid base of consumers from throughout the Utica-Rome Metropolitan Statistical Area (MSA), which boasts a population of roughly 300,000. With its low cost of living, the city has become a melting pot for refugees from war-torn countries around the world, encouraging growth for its colleges and universities, cultural institutions and economy.

The nearby Marcy Nanocenter, located at SUNY Polytechnic Institute in Marcy, is a 450-acre greenfield site being developed for the semiconductor industry and is the largest shovel-ready semiconductor site in the world. The project has been attracting considerable interest from a number of companies and officials and with the recent tenancy of Denmark-based Danfoss Silicon Power, the area is likely to become attractive to manufacturing and technology companies around the world.

-- OFFERING SUMMARY --

• Offering Summary • Lease Summary & Rent OverviewInvestment Highlights



-- INVESTMENT HIGHLIGHTS --

GLOBALLY RECOGNIZED TENANT: PIZZA HUT • SUCCESSFUL 107-UNIT OPERATOR Pizza Hut is the largest pizza chain in the world, operating over 16,000 restaurants and 350,000 team members in more than 100 countries. Pizza Hut is a subsidiary of YUM! Brands, Inc. (NYSE: YUM), the largest restaurant company in the world with over 43,500 restaurants in more than 135 countries and territories. YUM! Brands is ranked number 218 on the Fortune 500 list.The Franchisee is the largest Owner/Operator in the Pizza Hut System, New England Region, operating 107 stores across New York, Massachusetts, Connecticut, Vermont, New Hampshire, Maine, and Tennessee.

7.9% RENT TO SALES RATIO • HIGHLY PROFITABLE LOCATIONThe Tenant has reported an ideal 7.9% rent to sales ratio, alleviating any future vacancy risk concerns and providing a future investor with a long-term passive income stream.

NEW 20-YEAR ABSOLUTE NNN LEASE • STRONG RENT GROWTH • ZERO LANDLORD RESPONSIBILITIESThe tenant is on a new 20-year lease that features 10% increases every 5 years in the Primary Term and the (4) 5-year Option Periods, offering an investor a steady income stream with rent growth as a hedge against inflation.

LOCATED ON SIGNALIZED INTERSECTION • EXCELLENT VISIBILITY & ACCESS • STRONG TRAFFIC COUNTSThe subject property is located at the intersection of Seneca Turnpike and Middlefield Dr, offering excellent visibility to combined traffic counts of 27,000 cars per day and multiple access points in/out of the property.

EXCELLENT RETAIL SYNERGY ON RETAIL CORRIDOR • MINUTES FROM NEARBY SHOPPING CENTERSSeneca Turnpike is a major retail/commuter corridor with national retailers in the area such as Aldi, Pep Boys, Autozone, Party City, Toys ‘R’ Us, and Rockin Jump nearby, as well as restaurants including Dunkin Donuts, McDonald’s, Berkshire Bank, Wendy’s, KFC, and Denny’s. Additional nearby shopping centers include Sangertown Square shopping mall located across from the subject property, with anchor tenants including Macy’s, Target, Boscov’s, Dick’s Sporting Goods, and JC Penney; and New Hartford Consumer Square with Walmart Supercenter, TJ Maxx, Best Buy, Staples, Applebee’s, Barnes & Noble, Old Navy and PetSmart.

LOCATED IN NEW HARTFORD / UTICA • HEART OF UPSTATE NEW YORK • HOME OF MARCY NANOCENTER The subject property is located in New Hartford, NY, located adjacent to Utica. Utica is the county seat of Oneida County and the tenth-most-populous city in New York, located approximately 90 miles northwest of Albany and 45 miles east of Syracuse.

With a business-friendly environment and growing population, the city presents various locations that offer high traffic counts, high visibility and an avid base of consumers from throughout the Utica-Rome Metropolitan Statistical Area (MSA), which boasts a population of roughly 300,000. With its low cost of living, the city has become a melting pot for refugees from war-torn countries around the world, encouraging growth for its colleges and universities, cultural institutions and economy.

The nearby Marcy Nanocenter, located at SUNY Polytechnic Institute in Marcy, is a 450-acre greenfield site being developed for the semiconductor industry and is the largest shovel-ready semiconductor site in the world. The project has been attracting considerable interest from a number of companies and officials and with the recent tenancy of Denmark-based Danfoss Silicon Power, the area is likely to become attractive to manufacturing and technology companies around the world.

• Investment Highlights •Offering Summary Lease Summary & Rent Overview



-- LEASE SUMMARY --

INVESTMENT SUMMARYTenant: Pizza HutGuarantor: Franchisee (107 Units)Building Size: 3,051 Sq. Ft.Lot Size: 20,473 Sq. Ft.Ownership: Fee SimpleYear Built: 2007

TERMS, BASE RENT & OPTIONSAnnual Base Rent: $53,628Lease Commencement: June 1, 2019Lease Expiration: May 31, 2039Lease Term: 20 YearsOptions to Renew: (4) 5-Year OptionsRent Increases: 10% Increases Every 5 Years in Primary & Option PeriodsLease Type: Absolute NNNLandlord Responsibilities: None

• Lease Summary & Rent Overview •

-- RENT OVERVIEW --

Offering Summary Investment Highlights

RENT SCHEDULE - PRIMARY TERM

Start Date End Date NOI/Yr NOI/Mo NOI/SF/Yr NOI/SF/MO Increase

Years 1 - 5 6/1/2019 5/31/2024 $53,628.00 $4,469.00 $17.58 $1.46 --

Years 6 - 10 6/1/2024 5/31/2029 $58,990.80 $4,915.90 $19.33 $1.61 10%

Years 11 - 15 6/1/2029 5/31/2034 $64,889.88 $5,407.49 $21.27 $1.77 10%

Years 16 - 20 6/1/2034 5/31/2039 $71,378.87 $5,948.24 $23.40 $1.95 10%

OPTION PERIODS - (4) 5-YEAR OPTIONS

Option 1 6/1/2039 5/31/2044 $78,516.75 $6,543.06 $25.73 $2.14 10%

Option 2 6/1/2044 5/31/2049 $86,368.42 $7,197.37 $28.31 $2.36 10%

Option 3 6/1/2049 5/31/2054 $95,005.26 $7,917.10 $31.14 $2.59 10%

Option 4 6/1/2054 5/31/2059 $104,505.78 $8,708.81 $34.25 $2.85 10%

PROPERTY INFORMATIONPIZZA HUT, NEW HARTFORD NY (UTICA)



-- LOCATION MAPS --

• Location Maps • Property Photos AerialsNeighboring Tenants

POUGHKEEPSIE

LAKE GEORGE

CONCORD

EDISON

NEW YORK

ALBANY

ITHACA

SCRANTON

LONG ISLAND

STAMFORD

ALLENTOWN

MIDDLE SETTLEMENT RD

COMMERCIAL DR

SYRACUSE

OSWEGO

SENECA TURNPIKE


5

5

58

5A

5A

UTICA

SCHENECTADY

AUBURN



Location Maps • Property Photos • AerialsNeighboring Tenants

-- PROPERTY PHOTOS --



-- PROPERTY PHOTOS --

Location Maps • Property Photos • AerialsNeighboring Tenants



-- NEIGHBORING TENANTS --

Location Maps Property Photos Aerials• Neighboring Tenants •

ALDI Located Across from Pizza Hut



-- NEIGHBORING TENANTS --


Anchor Tenants in Sangertown Square Mall



-- NEIGHBORING TENANTS -- Outparcel Tenants in Sangertown Square Mall




-- OVERHEAD VIEW --

SENECA TURNPIKE (18,000+ CARS PER DAY)

Location Maps Property Photos • Aerials •Neighboring Tenants

MIDDLE SETTLEMENT RD (9,000+ CARS PER DAY)

5

58

5

5

58



-- LOOKING NORTH --

DISTRIBUTION CENTER

COMMERCIAL DR (15,000 CPD)

MIDDLE SETTLEMENT RD (9,000 CPD)


SENECA TURNPIKE (24,000 CPD)

840840 84024,000 CARS PER DAY

SadaquadaGolf Club

NYSDOC MIDSTATECORRECTIONAL FACILITY

MARCYCORRECTIONAL FACILITY

CrestwoodGolf Club

WHITESBORO NEW HARTFORD CONSUMER SQUARE





-- LOOKING EAST --

DOWNTOWNNEW HARTFORD

MVHS CENTER FOR REHABILITATION

NEW HARTFORD SE-NIOR HIGH SCHOOL




SENECA TURNPIKE (1

8,000 CPD)

84024,000 CARS PER DAY

840

84024,000 CARS PER DAY

5A

5A

YahnundasisGolf Club

WEDGEWOODAPARTMENTS

NEW HARTFORD SHOPPING CENTER

NEW HARTFORD CONSUMER SQUAREStonebridge Golf &

Country Club

NEW YORK MILLSELEMENTARY SCHOOL

UTICA COLLEGE



-- LOOKING SOUTH --

MylesElementary School

PRESWICK GLENRETIREMENT COMMUNITY





GENESSEE ORTHOPEDICS &

PLASTIC SURGERY

CLINTON RD



-- LOOKING WEST --




SENEC

A TU

RNPIKE (18,000 C

PD)


GENESSEE ORTHOPEDICS &

PLASTIC SURGERY

CHERRYWOODRETIREMENT COMMUNITY

THE APPLEWOODCOMMUNITY

LEWISTON AT PHEASANT RUNAPARTMENTS

TENANT OVERVIEWPIZZA HUT, NEW HARTFORD NY (UTICA)



-- YUM! BRANDS, INC. --

-- ABOUT PIZZA HUT --

• About Pizza Hut •

Pizza Hut is a subsidiary of YUM! Brands, Inc. (NYSE: YUM), the largest restaurant company in the world with KFC, Pizza Hut, Taco Bell, and WingStreet under its umbrella of fast-food and fast-casual brands. Yum! Brands, Inc., based in Louisville, Kentucky, has over 43,500 restaurants in more than 135 countries and territories and is one of the Aon Hewitt Top Companies for Leaders in North America. In 2017, Yum! Brands was named among the top 100 Best Corporate Citizens by Corporate Responsibility Magazine. The Company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development.

Yum! Brands is ranked number 218 on the Fortune 500 list, with revenues exceeding $6 billion in 2016.

Pizza Hut is the largest pizza company in the world. The company is known for its Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts. Pizza Hut has over 16,000 restaurants and 350,000 employees in over 100 countries.

Headquartered in Plano, Texas, Pizza Hut was founded in June 1958 by two Wichita State University students, brothers Dan and Frank Carney, who borrowed $600 from their mom to open a pizza place in Wichita, Kansas. PepsiCo acquired Pizza Hut in November 1977.

Pizza Hut is split into several different restaurant formats: the original family-style dine-in locations; storefront delivery and carry-out locations; and hybrid locations that have carry-out, delivery, and dine-in options. Some full-size Pizza Hut locations have a lunch buffet, with “all-you-can-eat” pizza, salad, bread sticks, and a pasta bar. Pizza Hut has other business concepts independent of the store type; Pizza Hut “Bistro” locations are “Red Roofs” which have an expanded menu and slightly more upscale options. The company announced a rebrand that began on November 19, 2014. The rebrand was an effort to increase sales, which dropped in the previous two years. The menu was expanded to introduce various items such as crust flavors and eleven new specialty pizzas. Work uniforms for employees were also refreshed. In 2017, Pizza Hut was listed by UK-based company Richtopia at number 24 in the list of 200 Most Influential Brands in the World.

Vintage “Red Roof” locations, designed by architect Richard D. Burke, can be found in the United States and Canada.

Total # of Pepperonis Consumed Last Year at Pizza Hut 14 billion / 7 million lbsTotal Amount of Cheese Used by Pizza Hut Each Summer 100 million lbsTotal Amount of Cheese Used by Pizaa Hut Annually 300 million lbsTotal Amount of Tomatoes Used by Pizza Hut Annually 525 million lbsTotal # of Pizza Hut Pizzas Sold During the Super Bowl 2.5 million

Pizza Hut Quick Stats

ABOUT THE OPERATOR - GC PIZZA HUT LLCThe subject property is operated by an experienced franchisee, with locations in New York, Massachusetts, Connecticut, Vermont, New Hampshire, Maine, and Tennessee. The subject property is leased to GC Pizza Hut LLC dba Pizza Hut on a long-term absolute triple-net (NNN) lease.

• 107 Total Stores Operated by Franchisee in 7 States• Preferred Growth Partner with Pizza Hut Corporate• 100 Stores Guarantee the Lease at the Subject Property• #1 Franchisee - Large Owner/Operator in Pizza Hut System, New England

Region

AREA OVERVIEWPIZZA HUT, NEW HARTFORD NY (UTICA)



-- UTICA OVERVIEW --

Utica is the county seat of Oneida County and the tenth-most-populous city in New York, located approximately 90 miles northwest of Albany and 45 miles east of Syracuse. Utica and the nearby city of Rome anchor the Utica–Rome Metropolitan Statistical Area, which comprises all of Oneida and Herkimer counties. Formerly a river settlement inhabited by the Mohawk tribe of the Iroquois Confederacy, Utica attracted European-American settlers from New England during and after the American Revolution. In the 19th century, immigrants strengthened its position as a layover city between Albany and Syracuse on the Erie and Chenango Canals and the New York Central Railroad. During the 19th and 20th centuries, the city’s infrastructure

contributed to its success as a manufacturing center and defined its role as a worldwide hub for the textile industry. With its low cost of living, the city has become a melting pot for refugees from war-torn countries around the world, encouraging growth for its colleges and universities, cultural institutions and economy.

Strategic Location for Business - Educated Workforce - Notable Educational InstitutionsThe City of Utica offers great opportunities for all types of businesses including national brands, small business start-ups, expansions and entrepreneurs. With a business-friendly environment and growing population, the City presents various locations that offer high traffic counts, high visibility and an avid base of consumers from throughout the Utica-Rome Metropolitan Statistical Area (MSA), which boasts a population of roughly 300,000.The City avidly encourages investment, entrepreneurialism and start-ups through our business loan program and assists expansions and national industries through P.I.L.O.T programs and business incentives.The City of Utica has attracted people from all over the world and is one of the few urban centers in upstate New York to have its population grow over the last fifteen years. This growth has contributed greatly to the diversity of cultures and potential investment opportunities.Six colleges are located within the city limits. Offering a myriad of degrees and doctorate programs students from all over the world gravitate to these educational institutions. From the arts to cyber security and to engineering these colleges have had a major impact on the global economy. Utica is definitely a college town.

Diverse Economy - Concentrated Industry Groups Provide Synergy and Fuel GrowthUtica is home to a diverse mix of successful industries ranging from Aviation to Nanotechnology. Empire Aero Center, a subsidiary of Israel Aerospace Industries, operates a maintenance, repair and overhaul facility in a refurbished former Air Force hangar. In 2006, Mohawk Valley Community College opened an airframe and power plant mechanic training program next door to Empire Aero Center’s facility, to train the next generation of aviation personnel.Interstate 90 provides east-west travel from Boston to Seattle, and access to all of North America via the Interstate highway system, affirming Utica’s logistics strengths. In 2006 Family Dollar opened the third major retail distribution center in the Mohawk Valley, joining Rite Aid and Wal-Mart as national chains that have realized the logistical value of the Mohawk Valley. Interstate 90 provides east-west travel from Boston to Seattle, and access to all of North America via the Interstate highway system.The Mohawk Valley has become a center of major back office operations including insurance claims, check processing and call centers. Bank of America, The Federal Reserve, Bank of New York, Metropolitan Life, The Hartford, Defense Finance and Accounting Service and ACS all have major centers in the Mohawk Valley, and Utica National Insurance Company’s international headquarters are here.Led by the Air Force Research Laboratory Information Directorate headquarters, the Mohawk Valley has developed a significant niche in the IT industry over the last half century, with firms such as PAR Technology, BAE Systems, Booz Allen Hamilton, ITT Industries and Northrop Grumman calling the region home.The region has been at the forefront of the metals manufacturing industry since the early 1800s. International Wire, Owl Wire (owned by the Marmon Group), and TECT all have major manufacturing operations in the Mohawk Valley.

Downtown Utica

Utica College

• Utica Overview • DemographicsMarcy Nanocenter at SUNY



Home of the Marcy Nanocenter at the State University of New York (“SUNY”) Polytechnic Institute Located at SUNY Polytechnic Institute in Marcy, in the heart of Upstate New York, Marcy Nanocenter is a 450-acre greenfield site being developed for the semiconductor industry and is the largest shovel-ready semiconductor site in the world. No other greenfield site in the world boasts the ideal site characteristics, infrastructure, workforce, transportation assets, and lifestyle as the Marcy Nanocenter.

For nearly twenty years, tens of billions of dollars in private and public investment has empowered New York State’s semiconductor industry. With the development of Marcy Nanocenter in the region, there will be unique opportunities for collaboration with partners such as: Intel, Samsung, TSMC, Nikon, IBM, and Global Foundries. The site offers zoning, sewer and water permits for full-scale manufacturing, and approximately $40 million has been spent to date to install water and sewer mains, relocate power lines, construction of access roads, and stormwater management systems.

The project has been attracting considerable interest from a number of companies and officials and with the recent tenancy of Denmark-based Danfoss Silicon Power, the area is likely to become attractive to manufacturing and technology companies around the world.

-- MARCY NANOCENTER AT SUNY --

Utica Overview Demographics

Danfoss Moves Up Project Schedule at Quad-C

Featured on www.uticaod.com | Posted on November 9, 2018

Danfoss Silicon Power wants to put in a manufacturing line for automotive power modules ahead of schedule at Quad-C on the SUNY Polytechnic Institute in Marcy.

The company originally expected the equipment to get installed in 2020, but it will probably now go in by late 2019, he said. That could help the company capture some early sales on the modules, which are now going out as samples from the company’s plant in Germany. It could also accelerate the company’s hiring process in Marcy, but it won’t add to the total 300 jobs projected over the next five to seven years, he said.

At the Marcy Nanocenter, Mohawk Valley EDGE continues to finish infrastructure work such a construction of a dual circuit 115kV transmission line, and construction and assembly of a customer substation, said President Steve DiMeo.

Completed infrastructure improvements include a sanitary sewer from Technology Drive along Ring Road, a 3.5-mile extension of a 12-inch gas main from Utica to the site and the clearing and grubbing of the site, he said. Total infrastructure investment at the site will cost $78.2 million, according to MV EDGE. The state has allocated another $506 million to attract a tenant to the site.

• Marcy Nanocenter at SUNY •



-- DEMOGRAPHICS --

Utica Overview • Demographics •Marcy Nanocenter at SUNY

• Between 2015 and 2016, the population of New Hartford, NY grew from 1,813 to 2,002, a 10.4% increase. Nearby Utica’s population of 61,337 makes it the 10th largest city in New York.

• The Utica-Rome, NY Metro Area has a population of 293,803 people of which ap-proximately 84.9% is White, 4.79% is Hispanic, and 4.39% is Black. with a median age of 42

• The median age in Utica/New Hartford is 34.1, which is significantly younger than the state average of 38.2 and the national age of 37.7.

• Between 2015 and 2016, New Hartford’s median household income grew from $54,961 to $60,197, a 9.5% increase., which is higher than the National average of $44,910 and that of New York ($50,589).

• Utica’s cost of living is 26% lower than New York and 13% less than the national cost of living.

• The largest industries in Utica, NY are Healthcare & Social Assistance, Educational Services, and Retail trade.

• The median property value in New Hartford, NY is $154,700, which is 28.7% higher than the median property value in the Utica-Rome Metro Area ($120,200) and 32.5% lower than the national average ($205,000).

• Homeownership rate in New Hartford is 65%

ECONOMIC SNAPSHOT

HOUSING SNAPSHOT

POPULATION SNAPSHOT

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SUMMARY PROFILE2000-2010 Census, 2018 Estimates with 2023 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 43.0826/-75.328RS1

8400 Seneca Turnpike1 mi radius 3 mi radius 5 mi radius

New Hartford, NY 13413

PO

PU

LATI

ON

2018 Estimated Population 0 T 3,619 29,328 80,997

2023 Projected Population 0 T 3,557 28,964 82,105

2010 Census Population 0 T 3,618 29,682 82,503


Projected Annual Growth 2018 to 2023 - -0.3% -0.2% 0.3%

Historical Annual Growth 2000 to 2018 - 0.3% - -

2018 Median Age 53.3 46.1 39.3

HO

US

EH

OLD

S

2018 Estimated Households 0 T 1,777 13,567 34,854

2023 Projected Households 0 T 1,757 13,484 35,480

2010 Census Households 0 T 1,698 13,167 34,057



Historical Annual Growth 2000 to 2018 - 1.5% 0.5% 0.3%

RA

CE

AN

D

ETH

NIC

ITY

2018 Estimated White - 91.5% 91.2% 77.3%

2018 Estimated Black or African American - 2.4% 2.8% 9.9%

2018 Estimated Asian or Pacific Islander - 4.5% 3.6% 7.4%

2018 Estimated American Indian or Native Alaskan - - 0.2% 0.2%

2018 Estimated Other Races - 1.5% 2.2% 5.2%

2018 Estimated Hispanic - 2.4% 3.2% 7.0%

INC

OM

E 2018 Estimated Average Household Income $0 T $86,511 $89,867 $73,564

2018 Estimated Median Household Income $0 T $57,399 $65,834 $55,212

2018 Estimated Per Capita Income $0 T $42,874 $41,749 $31,972

ED

UC

ATI

ON

(AG

E 2

5+)

2018 Estimated Elementary (Grade Level 0 to 8) - 2.0% 2.0% 4.5%

2018 Estimated Some High School (Grade Level 9 to 11) - 3.8% 3.8% 6.8%

2018 Estimated High School Graduate - 31.1% 26.6% 28.0%

2018 Estimated Some College - 21.7% 20.1% 19.4%

2018 Estimated Associates Degree Only - 9.9% 11.2% 11.5%

2018 Estimated Bachelors Degree Only - 19.9% 21.0% 17.6%

2018 Estimated Graduate Degree - 11.6% 15.3% 12.3%B

US

INE

SS 2018 Estimated Total Businesses 0 T 500 1,860 3,915

2018 Estimated Total Employees 0 T 8,334 26,524 50,714

2018 Estimated Employee Population per Business - 16.7 14.3 13.0

2018 Estimated Residential Population per Business - 7.2 15.8 20.7

©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 10/2018, TIGER Geography

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SUMMARY PROFILE2000-2010 Census, 2018 Estimates with 2023 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 43.0826/-75.328RS1

8400 Seneca Turnpike1 mi radius 3 mi radius 5 mi radius

New Hartford, NY 13413

PO

PU

LATI

ON

2018 Estimated Population 0 T 3,619 29,328 80,997

2023 Projected Population 0 T 3,557 28,964 82,105




Historical Annual Growth 2000 to 2018 - 0.3% - -

2018 Median Age 53.3 46.1 39.3

HO

US

EH

OLD

S

2018 Estimated Households 0 T 1,777 13,567 34,854

2023 Projected Households 0 T 1,757 13,484 35,480




Historical Annual Growth 2000 to 2018 - 1.5% 0.5% 0.3%

RA

CE

AN

D

ETH

NIC

ITY

2018 Estimated White - 91.5% 91.2% 77.3%

2018 Estimated Black or African American - 2.4% 2.8% 9.9%

2018 Estimated Asian or Pacific Islander - 4.5% 3.6% 7.4%

2018 Estimated American Indian or Native Alaskan - - 0.2% 0.2%

2018 Estimated Other Races - 1.5% 2.2% 5.2%

2018 Estimated Hispanic - 2.4% 3.2% 7.0%

INC

OM

E 2018 Estimated Average Household Income $0 T $86,511 $89,867 $73,564

2018 Estimated Median Household Income $0 T $57,399 $65,834 $55,212

2018 Estimated Per Capita Income $0 T $42,874 $41,749 $31,972E

DU

CA

TIO

N(A

GE

25+

)2018 Estimated Elementary (Grade Level 0 to 8) - 2.0% 2.0% 4.5%

2018 Estimated Some High School (Grade Level 9 to 11) - 3.8% 3.8% 6.8%

2018 Estimated High School Graduate - 31.1% 26.6% 28.0%

2018 Estimated Some College - 21.7% 20.1% 19.4%

2018 Estimated Associates Degree Only - 9.9% 11.2% 11.5%

2018 Estimated Bachelors Degree Only - 19.9% 21.0% 17.6%

2018 Estimated Graduate Degree - 11.6% 15.3% 12.3%

BU

SIN

ES

S 2018 Estimated Total Businesses 0 T 500 1,860 3,915

2018 Estimated Total Employees 0 T 8,334 26,524 50,714

2018 Estimated Employee Population per Business - 16.7 14.3 13.0

2018 Estimated Residential Population per Business - 7.2 15.8 20.7

©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 10/2018, TIGER Geography

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Broker hereby advises all prospective purchasers of Net-Leased Invesment property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Broker has not and will not verify any of this information, nor has Broker conducted any investigation regarding these matters. Broker makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of an investment property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase.This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Broker expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of an investment property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any investment property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Broker and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this investment property.

Exclusively Listed By:

No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice.

BARR&BENNETTNETLEASEDINVESTMENTS

A Lee & Associates Team

RYAN BARRPrincipal

[email protected]

RYAN BENNETTPrincipal

[email protected]

Lee & Associates BQ LI LLCNY Real Estate Broker Lic No. 10991213598

ACROSS FROM SANGERTOWN SQUARE MALL - LoopNet

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