Eagle Island Crossing - LoopNet · Therapeutic Associates Physical Therapy is your premier provider...

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For Sale Building I Eagle Island Crossing 12 N. Fisher Parkway, Eagle, ID 83616 Office & Retail Center Matt Mahoney Managing Principal Cell: 208 340 9780 [email protected]

Transcript of Eagle Island Crossing - LoopNet · Therapeutic Associates Physical Therapy is your premier provider...

Page 1: Eagle Island Crossing - LoopNet · Therapeutic Associates Physical Therapy is your premier provider of manual-based physical therapy and sports medicine services. Our team is comprised

For Sale Building I

Eagle Island Crossing12 N. Fisher Parkway, Eagle, ID 83616

Office & Retail Center

Matt MahoneyManaging PrincipalCell: 208 340 9780 [email protected]

Page 2: Eagle Island Crossing - LoopNet · Therapeutic Associates Physical Therapy is your premier provider of manual-based physical therapy and sports medicine services. Our team is comprised

12 N. FISHER PARKWAY - EAGLE, ID 83616

Matt MahoneyManaging PrincipalCell: 208 340 9780 [email protected]

Submarket: EagleSale Price: $700,000Cap Rate: 6.08%Price/SF: $119.66Space Type: RetailDickey’s: 3,350 SFTherapeutic: 2,500 SFBuilding Size: 5,850 SFParking: Ample, On-Site ParkingSignage: Exterior Retail Signage Over Suite

Location Highlights:

Great location with signalized entrance off of Highway 44Adjacent to Eagle High SchoolHigh visibility

100% Leased Investment

Lee & Associates is pleased to present for sale this re-tail building, located in Eagle Island Crossing, a 24-acre mixed-use development located off of Highway 44 in Eagle, Idaho. Located adjacent to Eagle High School with excellent visibility to the Highway and a signalized intersection.

The project is anchored by Idaho Fine Arts Academy and current tenants include Dickies BBQ, Edward Jones, Treasure Valley Tax, Panache Salon & Spa, Therapeutic Associates, PCS Edventures, the Yoga House, and Soda-licious.

Page 3: Eagle Island Crossing - LoopNet · Therapeutic Associates Physical Therapy is your premier provider of manual-based physical therapy and sports medicine services. Our team is comprised

12 N. FISHER PARKWAY - EAGLE, ID 83616

AVAILABILITY

Building Type SF* Price

Building I Retail 5,850 SF $700,000

BUILDING I

Matt MahoneyManaging PrincipalCell: 208 340 9780 [email protected]

Page 4: Eagle Island Crossing - LoopNet · Therapeutic Associates Physical Therapy is your premier provider of manual-based physical therapy and sports medicine services. Our team is comprised

12 N. FISHER PARKWAY - EAGLE, ID 83616

FINANCIALS

Matt MahoneyManaging PrincipalCell: 208 340 9780 [email protected]

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted toerrors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice.No liability of any kind is to be imposed on the broker herein.

Matt Mahoney | Managing [email protected] 208.340.9780

802 W. Bannock Street, 12th Floor Boise, ID 83702 208.343.2300 leeidaho.com

INVESTMENT OVERVIEW

Price $700,000

Price per SF $119.66

CAP Rate 6.08%

OPERATING DATA

Gross Scheduled Income $51,696

CAM Income $28,809

Total Scheduled Income $80,505

Gross Income $80,505

Operating Expenses $37,914

Net Operating Income $42,591

Pre-Tax Cash Flow $42,591

RENT ROLL LEASE EXPIRATION ANNUAL RENT

Therapeutic Associates 9/30/2020 $35,123

Dickey's Barbecue 2/28/2025 $16,573

EAGLE ISLAND CROSSING | RETAIL PADS20 N. Fisher Park Way, Eagle, ID 83616

LAND FOR SALE

The above financials take into account 2018 percentage rent for Dickey’s Barbecue. Going forward Dickey’s rent is subject to change based on tenants performance.

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12 N. FISHER PARKWAY - EAGLE, ID 83616TENANT PROFILES

Matt MahoneyManaging PrincipalCell: 208 340 9780 [email protected]

Therapeutic Associates Physical Therapy is your premier provider of manual-based physical therapy and sports medicine services. Our team is comprised of the region’s highest educated and skilled clinicians dedicated to providing the highest quality care and superior customer service to our partner patients. We are a part of your musculoskeletal team and are a preferred provider throughout WA, OR, ID, and CA.

At Therapeutic Associates we are a manual-based, one-on-one care organization. We are a physical therapist owned and operated organization with a broad range of expertise specializing in the whole body. As a pioneer of outpatient PT practice in 1952, TAI is a partnership of individually owned and operated practices. We provide prescribed physical therapy and medically-based physical fitness. Yet we are much more than your typical physical therapy clinic.

Our locally owned and operated partnership of clinics helps individuals to optimize movement to enrich daily life of each individual we serve. We are your experts in manual therapy, providing you with individualized, one-on-one care to ensure you return to full function doing the things you love. Our promise is to help you discover how to achieve the utmost of healthy living, achieve your goals, and be your advo-cate for optimal health and wellness.

Our promise is to help you discover how to achieve the utmost in healthy living, achieve your goals, and be your advocate for optimal health and wellness.

Dickey’s Barbecue Pit is a true American success story. In 1941, Travis Dickey, a World War II veteran, opened the first Dickey’s Barbecue Pit in Dallas, Texas. Dickey was a true Texas character blessed with the gift of gab and the love of authentic, slow-smoked barbecue. In the beginning, Dickey’s Barbecue Pit was truly a family operation with Travis working the block and Miss Ollie Dickey serving sandwiches. Space on the restaurant sign was rented out to help pay the start-up costs for the restaurant and the menu was limited to beef brisket, pit hams, barbecue beans, potato chips, beer, bottled milk and sodas.

Brothers Roland and T.D. Dickey took over the business in 1967, continu-ing their father’s legacy of quality, hickory smoked signature meats. Un-der the direction of the Dickey brothers, Dickey’s Barbecue Pit expanded throughout the Dallas Fort Worth area and quickly became known through-out Texas for mouthwatering hickory-smoked barbecue, popular catered events and the iconic Big Yellow Cups. Franchising began in 1994 after loyal guests and barbecue fanatics demanded more locations. Today with more than 500 locations in 44 states, loyal guests are what keep Dickey’s thriving in every community.

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12 N. FISHER PARKWAY - EAGLE, ID 83616CITY OF EAGLE

Matt MahoneyManaging PrincipalCell: 208 340 9780 [email protected]

Eagle’s Economic Development Department works to foster the advancement of the city’s economy by providing assistance to existing businesses through our business retention and expansion program, working to bring new businesses into the community, create new jobs, attract talent, and by supporting community redevelopment and enhancement efforts to ensure a vibrant, safe, healthy and complete community.

This department’s goal is to assist site selection consultants, developers, brokers and businesses with relocation and expansion in Eagle. The Economic Development Department provides free and confidential services to existing Eagle companies and to new companies considering the City of Eagle as their location choice. Their services include, but are not limited to:

• Confidential and custom site location assistance• Detailed, comprehensive site/building information• Labor market analysis and demographics• Tailored market research• Facilitation of state and local incentives• Personal community and site tours• Introductions to professional service providers and partners• Meetings with community and business leaders• Assistance with workforce and recruitment training needs• Assistance with permitting• Financial resources• Business education

EAGLE DEMOGRAPHICSPOPULATION 1 MILE 3 MILE 5 MILE

2018 Total Population: 371 23,858 31,355

2023 Population: 416 15,778 35,489

Pop Growth 2018-2023: 12.13% 13.85% 13.18%

Average Age: 36.00 36.80 36.30

HOUSEHOLDS

2018 Total Households: 127 4,778 10,435

HH Growth 2017-2022: 12.60% 14.36% 13.65%

Median Household Inc.: $69,264 $72,257 $79,118

Avg Household Size: 3.00 2.90 3.00

2018 Avg HH Vehicles: 2.00 2.00 2.00

HOUSING

Median Home Value: $305,882 $327,916 $336,342

Median Year Built: 2004 2006 2005

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12 N. FISHER PARKWAY - EAGLE, ID 83616

CITY OF EAGLE

Matt MahoneyManaging PrincipalCell: 208 340 9780 [email protected]

“The average annual growth rate (of the City of Eagle) from 2000 to 2016 was 8.13% and the annual average post‐recession (2010 to 2016) has been 4.26%. For purposes of the comprehensive plan, the City of Eagle’s annual average growth rate is forecasted at 4.5%.”

“Treasure Valley economy is expected to demand a greater labor force, thereby increasing the demand for housing throughout Ada and Canyon Counties, which will include the City of Eagle and its Area of City Impact. COMPASS forecasts growth in the region will continue to rapidly grow over the next 25 years with the region’s population increasing by 70%, from 599,840 in 2013 to over a million by 2040.”

“Eagle is fortunate to have a highly-skilled workforce as evidenced by education attainment of a Bachelor’s Degree and higher. Eagle’s residents, likewise, have higher median and average household income in comparison to Ada County and the U.S. as a whole. This reflects a community with higher-wage occupations typically associated with traded-sector companies.”

For more information, go to https://www.cityofeagle.org.