Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and...

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Property Overview 5214 W. Village Parkway | Rogers, Arkansas Purchase Price: $10,750,000 Cap Rate: 7.20% Brian Shaw Chief Executive Officer +1 479 845 3000 [email protected] 5100 W. JB Hunt Drive Suite 800 Rogers, AR +1 479 845 3000 sagepartners.com Marshall Saviers President, Principal +1 479 845 3000 [email protected] Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 5214 W. Village Parkway 4.8 MILES FROM WALMART HOME OFFICE Matt Imhoff Associate +1 479 845 3000 [email protected]

Transcript of Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and...

Page 1: Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and logistic services. Founded in 1997, TQL is now the second largest freight brokerage

Property Overview5214 W. Village Parkway | Rogers, Arkansas

Purchase Price: $10,750,000Cap Rate: 7.20%

Brian ShawChief Executive Officer+1 479 845 [email protected]

5100 W. JB Hunt Drive Suite 800Rogers, AR

+1 479 845 3000sagepartners.com

Marshall SaviersPresident, Principal+1 479 845 [email protected]

Independently Owned and Operated / A Member of the Cushman & Wakefield AllianceCushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

5214 W. Village Parkway4.8 MILES FROM WALMART HOME OFFICE

Matt ImhoffAssociate+1 479 845 [email protected]

Page 2: Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and logistic services. Founded in 1997, TQL is now the second largest freight brokerage

Located in the fast growing Northwest Arkansas MSA, the property consists of one

50,000 SF building situated on 3.92± acres.

ADDRESS 5214 W. Village Parkway, Rogers AR

BUILDING SIZE 50,000 SF

LAND AREA 3.92± acres

YEAR BUILT 2003

OCCUPANCY 100%

USE Sales office near Walmart & Sam’s Club HQ

IMPROVED ACCESS New Overpass Just North of Office Park

(Construction Underway)

LAND FOR DEVELOPMENT Includes 0.75± acres ready for development on SW

corner of parcel with waterfront view

FINANCIALS Available upon request TOTAL INCOME $ 913,983

EXPENSES Utilities $ 51,087

Taxes $ 37,117

Maintenance $ 11,171

Management Fee $ 23,535

Insurance $ 5,754

TOTAL OPERATING EXPENSE $ 143,363

Financial Snapshot

Purchase Price: $10,750,000Cap Rate: 7.20%

Rent Roll TENANT SQFT % OF

BLDG.CURRENT LEASE

TERM Advantage Sales & Marketing, LLC 19,400 38.8% 09/17 - 08/22

Total Quality Logistics, LLC 14,171 28.3% 07/18 - 10/24

HP Design Group, Inc. 6,000 12% 11/17 - 02/25Brewery 3,300 6.6% 10 YearsSecond Floor Tenant 1,600 3.2% TBDCommon Area 1,723 3.4%Vacant (Advantage Expansion) 856 - 9,596

TOTALS 50,000*information deemed reliable but not guaranteed

Property Overview5214 W. Village Parkway | Rogers, Arkansas

Brewery/Second Floor $ 14,700

NET OPERATING INCOME $ 770,620

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Birdseye Photo5214 W. Village Parkway | Rogers, Arkansas

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19347 SFSUITE 100 (LEASED)

5898 SFSUITE 120 (LEASED)

1312 SF1ST FLOOR COMMON

6280 SFSUITE 110 (VACANT)

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Suite 110 - TQL 6,280 SF

Suite 100 - Advantage 19,400 SF

Suite 120 - HP Design 6,000 SF

Floor Plan5214 W. Village Parkway | Rogers, Arkansas

Page 5: Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and logistic services. Founded in 1997, TQL is now the second largest freight brokerage

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3159 SFSUITE 220 (VACANT)

4566 SFSUITE 200 (VACANT)

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Suite 210 - TQL 7,273 SF

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5898 SFSUITE 120 (LEASED)

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Floor Plan5214 W. Village Parkway | Rogers, Arkansas

Page 6: Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and logistic services. Founded in 1997, TQL is now the second largest freight brokerage

ADVANTAGE SALES & MARKETING, LLC

Square Feet: 19,400Original Lease: 9/17 - 8/22Website: www.advantagesolutions.net

Founded in 1987, Advantage Sales & Marketing LLC is now the nation’s leading business solutions provider to manufacturers and retailers. The company offers a customizable suite of technology-enabled sales and marketing solutions designed to drive consumer demand, increase sales, and achieve operating efficiencies. Advantage excels at providing solutions that are flexible, scalable, and able to evolve as business partnerships grow. Owning more than 65 offices in the United States and Canada, Advantage does merchandising for 1,200 clients -- including Johnson & Johnson, Mars, Unilever, and Energizer. Investment group Apax Partners owns a controlling stake in the company. Apax Partners LLP is a British private equity firm, headquartered in London, England. Apax Partners is one of the oldest and largest private equity firms operating on an international basis, ranked the fourteenth largest private equity firm.

TOTAL QUALITY LOGISTICS, LLC

Square Feet: 14,171Original Lease: 7/18 - 10/24Website: www.tql.com

Total Quality Logistics is a privately held third-party logistics provider based in Cincinnati, Ohio. TQL provides domestic freight transportation and logistic services. Founded in 1997, TQL is now the second largest freight brokerage firm in the nation. With just over 5,000 employees and offices in 26 states nationwide, TQL boasts an annual sales revenue of over $2 Billion. The company contributes their growth to a combination of industry-leading technology and unmatched service.

Tenant Profiles5214 W. Village Parkway | Rogers, Arkansas

Page 7: Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and logistic services. Founded in 1997, TQL is now the second largest freight brokerage

National publications, economists and university researchers recognize Northwest Arkansas as one of the nation’s most successful regions. They are consistent with their praise of Northwest Arkansas, its counties and cities, its economy and businesses, and its quality of life.

NORTHWEST ARKANSAS

BEST IN THE U.S.Lonely Planet, the world’s largest publisher of travel-related books and guides, in February 2016 rankedNorthwest Arkansas at No. 7 in its list of “Best in the U.S.”

BEST CITIES FOR JOBSNorthwest Arkansas in 2017 sat at No. 6 in a ranking of the nation’s Best Cities for Jobs, according to NewGeography.com.

BEST PLACES TO LIVEU.S. News & World Report put the Fayetteville-Springdale-Rogers (Northwest Arkansas) Metropolitan Statistical Area at No. 5 on its 2017 list of Best Places to Live.

FASTEST-GROWING ECONOMY THROUGH 2021The Fayetteville-Springdale-Rogers Metropolitan Statistical Area (Northwest Arkansas) economy, according to a report by IHS Global Insight for the U.S. Conference of Mayors.

Visit http://www.nwacouncil.org/our-regions-ranking/ for more information.

BELLA VISTAThis city, on the northern end of the Northwest Arkansas region, was selected as one of the nation’s 25 Best Places to Retire in 2017 by Forbes. The affordability of housing was a significant factor in the ranking.

BENTONVILLENerdWallet put Bentonville at No. 9 on its list of Best Small Cities for Families in

October 2017. The online publication ranked cities with populations between 25,000 and 75,000 residents.

National Geographic selected Bentonville as one of America’s 20 Best Mountain Bike Towns in May 2017.

FAYETTEVILLEMoney magazine selected Fayetteville as No. 1 on its ranking of Best Places for

Singles Right Now in February 2018.

Money magazine ranked Fayetteville No. 43 of the Top 70 in its September 2017 Best Places to Live.

ROGERSMoney magazine ranked Rogers No. 45 of the Top 70 in its September 2017 Best Places to Live.

S ILOAM SPRINGSMoney magazine ranked Siloam Springs No. 68 of the Top 70 in its September

2017 Best Places to Live.

SPRINGDALEWalletHub ranked Springdale as the nation’s 17th on a list of the Fastest-

Growing Cities in America among 515 cities evaluated in 2017. It sits at No. 6 among small cities.

Money magazine ranked Springdale No. 58 of the Top 70 in its September 2017 Best Places to Live.

SAGEPARTNERS.COM

Area DemographicsNorthwest Arkansas

Page 8: Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and logistic services. Founded in 1997, TQL is now the second largest freight brokerage

Aerial 5214 W. VILLAGE PKWY | ROGERS, AR

SUBJECTPROPERTY

PAULINE WHITAKER PARKWAY

PROMENADE BOULEVARD

S PINNACLE HILLS PARKWAY

24,000VehiclesPer Day

80,000VehiclesPer Day

15,000VehiclesPer Day

Aerial5214 W. Village Parkway | Rogers, Arkansas

N

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New Overpass - Construction Underway

SUBJECTPROPERTY

Aerial5214 W. Village Parkway | Rogers, Arkansas

Page 10: Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and logistic services. Founded in 1997, TQL is now the second largest freight brokerage

Marshall Saviers President, Principal

• BBA from Southern Methodist University.• 15 Years combined experience in commercial real estate in the Arkansas and

Dallas markets with a focus on tenant representation and investment sales.• Facilitated hundreds of transactions across the country with numerous Fortune

500 companies.• Involved in investment sales of over $100 million in the past twelve months.• Oversees brokerage operations for Sage Partners.• Client Experience: Unilever, Clorox, Nike, Procter & Gamble, Mercy Health

System Kellogg’s, Kimberly Clark, Abbott Labs, Bayer Healthcare, Shell, Dr. Pepper, Vestcom, Exxon, Fedex, Tyson Foods, Revlon, PricewaterhouseCoopers and many others.

Matt ImhoffAssociate

• BS in Electrical Engineering from the University of Arkansas• MS in Technological Entrepreneurship from Northeastern University in Boston, MA• Involved in investment sales of over $100 million in past twelve months • Focus on investment sales, office, industrial and retail• Candidate for Certified Commercial Investment Member (CCIM)

SAGE PARTNERS DISCLOSURE

Sage Partners has been engaged by the owner of the Property to market it for sale. Information concerning the Property has been obtained from sources other than Sage Partners and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any references to age, square footage, income, expenses and any other Property specific information are approximate. Any opinions, assumptions, estimates, or financial information contained herein are projections only and are provided for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. Buyers should conduct their own independent investigation and inspection of the Property in evaluating a possible purchase. The information contained herein is subject to change.

Brian Shaw Chief Executive Officer

• BSIM from the University of Arkansas, MBA from the University of Denver• 20 Years experience in commercial real estate with a focus on development

and investment opportunities• Principal Broker of Sage Partners, Rogers and oversees the brokerage opera-

tions• Directly involved in the project management and completion of over $100

million of real estate• Client Experience: Exxon Mobil, AC Nielsen, Charles Schwab, Georgia Pacific,

Bausch & Lomb, Lowe’s Home Improvement, Target, Walmart, Buffalo Wild Wings, Applebee’s and Office Depot

Contact Information

Brian ShawChief Executive Officer479 845 [email protected]

Marshall SaviersPresident, Principal479 845 [email protected]

Independently Owned and Operated / A Member of the Cushman & Wakefield AllianceCushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Matt ImhoffAssociate479 845 [email protected]

5100 W. JB Hunt Drive Suite 800Rogers, AR

479 845 3000sagepartners.com