Springdale Point Retail Centerinfo.stanjohnsonco.com/rs/702-XMW-307/images/... · Vitamin Shoppe,...

Springdale Point Retail CenterVitamin Shoppe, Aspen Dental & Verizon Wireless

5-55 East Kemper Road | Springdale (Cincinnati), Ohio 45246

NW

Subject Property

Confidentiality and Restricted Use Agreement

Stan Johnson Company303 East Wacker Drive | Suite 1111 Chicago, IL 60601 P: +1 312.240.0127 | F: +1 312.240.0158stanjohnsonco.com

Brad Feller Senior [email protected] P: +1 312.240.0194

Isaiah Harf [email protected] P: +1 312.777.2437

Blaise Bennett [email protected]

Brandon Duff Regional Director

Offered Exclusively by

This Confidential Offering Memorandum (“COM”) is provided by Stan Johnson Company (“SJC”), solely for your consideration of the opportunity to acquire the commercial property described herein (the “Property”). This COM may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior written authorization and consent of SJC.

This COM does not constitute or pertain to an offer of a security or an offer of any investment contract. This COM contains descriptive materials, financial information and other data compiled by SJC for the convenience of parties who may be interested in the Property. Such information is not all inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. SJC has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. An interested party must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon SJC.

The Property may be financed or withdrawn from the market without notice, and its owner(s) reserve(s) the right to negotiate with any number of interested parties at any time. The Property is offered and sold by its owner(s) as is, where is, and with all faults, without representation or warranty of any kind except for any customary warranties of title.

BY ACCEPTING THIS COM, YOU AGREE THAT: (1) all information contained herein, and all other information you have received or may hereafter receive from SJC relating to the Property, whether oral, written or in any other form (collectively, the “Information”), is strictly confidential; (2) you will not copy or reproduce, and claim as your own without attribution to SJC, all or any part of this COM or the Information; (3) upon request by SJC at any time, you will return and/or certify your complete destruction of all copies of this COM and the Information; (4) for yourself and all your affiliates, officers, employees, representatives, agents and principals, you hereby release and agree to indemnify and hold harmless SJC all of its affiliates, officers, employees, representatives, agents and principals, from and with respect to any and all claims and liabilities arising from or related to the receipt or use of this COM and/or any other Information concerning the Property; (5) you will not provide this COM or any of the Information to any other party unless you first obtain such party’s acceptance and approval of all terms, conditions, limitations and agreements set forth herein, as being applicable to such party as well as to you; and (6) monetary damages alone will not be an adequate remedy for a violation of these terms and that SJC shall be entitled to equitable relief, including, but not limited to, injunctive relief and specific performance, in connection with such a violation and shall not be required to post a bond when obtaining such relief.

In Association With:Loretta DiChiroOH Lic. #0000361130

Table of Contents

Section 1 - Investment Summary

The Offering .......................................................................................................................................................6

Investment Highlights ..................................................................................................................................7

Pricing and Property Overview .............................................................................................................8

Rent Roll ...............................................................................................................................................................9

Income Statement .......................................................................................................................................10

Section 2 - Property & Tenant Overviews

Site Plan ...............................................................................................................................................................12

Strip Map ........................................................................................................................................................... 13

Vitamin Shoppe Lease Abstract ......................................................................................................... 14

Vitamin Shoppe Tenant Overview ......................................................................................................15

Aspen Dental Lease Abstract ............................................................................................................... 16

Aspen Dental Tenant Overview ............................................................................................................17

Verizon Wireless Lease Abstract ........................................................................................................ 18

Verizon Wireless Tenant Overview .................................................................................................... 19

Section 3 - Location Overview

Regional Map ...................................................................................................................................................21

Location Overview ...................................................................................................................................... 22

Demographics ...............................................................................................................................................23

Subject Property

Investment SummarySection One

SW

Subject Property

Section 1 • Springdale Point Retail Center • Springdale (Cincinnati), OH • 6

The OfferingStan Johnson Company is pleased to exclusively offer for sale to

qualified investors, the opportunity to purchase a 100% fee-simple

interest in the three-tenant retail center located at the SEC of East

Kemper Road and Princeton Pike in Springdale, OH (the “Property”,

“Premises”). Situated approximately 20 miles north of downtown

Cincinnati, the Property benefits from its hard corner location adjacent

to the I-75 and I-275 interchange with a combined traffic count of over

365,600 vehicles per day.

Built in 2010, the Property is fully-leased by co-tenants Vitamin

Shoppe, Aspen Dental and Verizon Wireless, each of which are major

national brands that offer exceptional diversification. Vitamin Shoppe

and Verizon are both public companies traded on the New York Stock

Exchange and Aspen Dental is rapidly expanding with a 100% success

rate for its locations.

Each tenant entered into 10-year base leases that began in October

2010 and August 2011, respectively. However, Vitamin Shoppe and

Aspen Dental, after only five years, have extended their leases, signaling

strength in both their commitment and the location. Today, there is an

average of over eight years of base term remaining across the Tenant

roster with multiple option periods for each Tenant to immediately

follow. Each lease is NNN with landlord responsibility limited primarily

to structural components of the Premises and rental escalations are

featured throughout the base term and option periods.

The Property is directly across from the 1.3 million square-foot Tri-

County Mall and is within the Springdale Tri-County Retail District, a

dense retail area home to more than 4.5 million square feet of retail

space that generates more than $1 billion in annual sales.

Subject Property


Investment Highlights100% Leased w/Excellent Tenant DiversificationVitamin Shoppe, Aspen Dental and Verizon Wireless represent three highly-desirable retail tenants who together, operate nearly 3,000 locations across the country. Both Vitamin Shoppe and Verizon are traded on the NYSE and Aspen Dental has a 100% success rate among its locations.

High Quality, Newer Construction Retail Strip CenterSpringdale Point was built in 2010 and features an attractive masonry façade, an abundance of parking and well-landscaped grounds that helps the development draw customers.

Early Lease ExtensionsBoth Vitamin Shoppe and Aspen Dental entered into early lease extensions after only five years at the Property, signaling not only solid Tenant commitment, but strength and viability in the site.

8+ Years Average Base Term RemainingTenants have an average lease term remaining of over eight years, and each lease features several renewal options to immediately follow.

Solid Rental EscalationsEach lease features rental increases throughout both the base term and option periods. Across the tenant roster, an average 8.8% escalation will occur in the base term, while an average 9.3% escalation will be in effect at the start of each option period.

NNN Lease StructuresProperty offers investors a passive investment with landlord responsibility limited primarily to structural components of the Premises.

Excellent Retail Market FundamentalsProperty is situated within the Springdale Tri-County Retail District, a dense retail area home to more than 4.5 million square feet of retail space that generates more than $1 billion in annual sales and employs more than 5,000 people.

Proximity to Tri-County MallProperty is directly across from the 1.3 million square-foot Tri-County Mall, an open-air super-regional mall offering more than 150 stores and services.

Highly Visible, Easily Accessible LocationProperty is located on the signalized hard corner of East Kemper Road and Princeton Pike, less than one mile from both I-75 and I-275. Combined traffic counts are in excess of 365,600 VPD.

Excellent DemographicsProperty benefits from population in excess of 136,500 and average household income of $78,481 within a 5-mile radius.Subject Property Photos


Pricing Overview

Property Overview

Springdale Point Retail Center | Springdale, OH

Offering Price: $6,300,000

Offering Cap Rate: 6.50%

Net Operating Income: $409,280

Tenant(s): Vitamin Shoppe, Aspen Dental & Verizon Wireless

Ownership Interest: Fee Simple

Encumbrances: None, Delivered Free & Clear

5-55 East Kemper Road | Springdale (Cincinnati), Ohio 45246

Property Description: 3-Tenant Retail Center

Year Built: 2010

Total Building Size (SF): +/- 11,210 SF

Lot Size (Acres): +/- 0.947 Acres

Parking: +/- 51 Spaces

Property ID: Hamilton County: 599-0020-0113-00N


Tenant SF Lease Term

Rent Commencement

Rent ScheduleLease Type

Renewal Type

Period Monthly Base Rent

Annual Base Rent

Annual Base Rent

PSF

Rental Increase

3,497 SF 10 Years 10/25/2010

Base10/25/2010 – 10/31/2020 $12,240 $146,874 $42.00 -

NNN2, 5-Year Options

11/1/2020 – 10/31/2025 $13,463 $161,561 $46.20 10.0%

Option 1 11/1/2025 – 10/31/2030 $14,810 $177,718 $50.82 10.0%

Option 2 11/1/2030 – 10/31/2035 $16,290 $195,482 $55.90 10.0%

Aspen Dental (logo) 3,207 SF 10 Years 10/20/2010

Base10/20/2010 – 4/30/2021 $8,285 $99,417 $31.00 -


5/1/2021 – 4/30/2026 $8,819 $105,831 $33.00 6.5%

Option 1 5/1/2026 – 4/30/2031 $9,525 $114,297 $35.64 8.0%

Option 2 5/1/2031 – 4/30/2036 $10,286 $123,437 $38.49 8.0%

Option 3 5/1/2036 – 4/30/2041 $11,110 $133,315 $41.57 8.0%

4,506 SF 10 Years 8/11/2011

Base8/11/2011 – 10/31/2016 $14,269 $171,228 $38.00 -


11/1/2016 – 10/31/2021 $15,696 $188,351 $41.80 10.0%

Option 1 11/1/2021 – 10/31/2026 $17,265 $207,186 $45.98 10.0%

Option 2 11/1/2026 – 10/31/2031 $18,993 $227,913 $50.58 10.0%

TOTAL/AVG 11,210 SF $34,793 $417,519 $37.25

Rent Roll


Income Statement

Subject Property Photos

BASE RENT

Vitamin Shoppe $146,874

Aspen Dental $99,417

Verizon Wireless $171,228

Total Base Rent $417,519

REIMBURSEMENT INCOME

CAM, Insurance, RET, Admin $72,965

Total Reimbursement Income $72,965

EFFECTIVE GROSS INCOME $490,484

REIMBURSABLE OPERATING EXPENSES

CAM & Utilities $2.12 PSF ($23,765)

Insurance $0.13 PSF ($1,457)

RET $3.75 PSF ($42,038)

Total Reimbursable Operating Expenses ($67,260)

OTHER OPERATING EXPENSES

Management Fee 2.50% of Gross Income

($12,262)

Replacement Reserves $0.15 PSF ($1,682)

Total Other Operating Expenses ($13,944)

TOTAL EXPENSES ($81,204)

NOI $409,280

W

Property & Tenant OverviewsSection Two

Subject Property


Site Plan

N

Kemper Road (20,401 VPD)


PRIN

CETO

N P

IKE

(43,

289

VPD

)

E. KEMPER ROAD (20,570 VPD)

TRI COUNTY GOLF RANCH

TRI COUNTY MALL

CHAMBERLINPARK

HERITAGE HILLELEMENTARY

SCHOOL

N

I-275 (150,713 VPD)

I-75 (151,095 VPD

)


Landlord Expense

CAM:

Maintenance, repair and replacement of:

1. electric, gas, water, sanitary sewer and other public utility lines;2. buildings of the shopping center, including repainting the exterior walls;3. structural elements, including roof joists, columns, footings, foundation

exterior walls and flooring; and,4. roof, gutters, flashings, downspouts and scuppers.

Capital: Cost of capital replacements or capital improvements to the Common Area.

5 East Kemper Road | Springdale, OH 45246

Tenant: Vitamin Shoppe Industries, LLC

D/B/A: The Vitamin Shoppe

GLA (SF): +/- 3,497 SF

Pro Rata Share: 31.20%

Lease/Rent Commencement: October 25, 2010

Lease/Rent Expiration: October 31, 2025

Base Lease Term: 15 Years

Remaining Base Lease Term: Approx. 9.5 Years

Annual Base Rent / PSF: $146,874 / $42.00 PSF

Rental Increases: 10% Increase effective 11/1/2020

Renewal Options: 2, 5-Year Options

Renewal Notice: 180 Days

Renewal Option Increases: 10% at Start of Each Option

Lease Type:NNN (Tenant reimburses Landlord for pro rata share of RET & CAM* and maintains own Insurance)

Landlord Responsibilities: See Landlord Expense Overview


Vitamin Shoppe Lease Abstract

Subject Property Photo*CAM includes: (a) Administrative Fee equal to 10% of CAM per lease year, exclusive of capital expenditures and insurance premiums; and (b) Insurance premiums attributable to the policies required to be maintained by Landlord.

**Capital expenditures may be included in CAM if cost is annually amortized on a straight-line basis over useful life and is not incurred more than once during each five full calendar years of term.


Representative Photos

Tenant OverviewThe Vitamin Shoppe (Vitamin Shoppe, Inc.) (NYSE: VSI) is a New Jersey-based retailer of nutritional supplements with 766 locations across 45 states. The Company operates through its wholly owned subsidiary, Vitamin Shoppe Industries Inc. and Vitamin Shoppe Industries Inc.’s wholly owned subsidiaries, VS Direct Inc., Vitamin Shoppe Mariner, Inc. (VSM), VS Hercules LLC (VSH), Vitamin Shoppe Global, Inc. (VSG) and Vitapath Canada Limited (VCL). It offers vitamins, minerals, herbs, and homeopathic remedies; specialty supplements; sports nutrition and weight management products; as well as natural bath and beauty, pet supplements, and options for a home. The company sells its products under The Vitamin Shoppe, BodyTech, True Athlete, and Optimal Pet brands. Sales are generated through retail stores, mail order catalogs, and the internet (www.vitaminshoppe.com).

As of March 26, 2016, the company operated more than 750 company-owned retail stores under The Vitamin Shoppe, Super Supplements, and Vitapath retail banners. Vitamin Shoppe Industries, Inc. was formerly known as VS Holdings, Inc. and changed its name to Vitamin Shoppe, Inc. in November 2009. Vitamin Shoppe, Inc. was founded in 1977 and is headquartered in North Bergen, New Jersey.

As of December 26, 2015, the company reported total revenues of $1.27 billion, net income of $53.17 million and net worth in excess of $475.30 million. As of May 9, 2016, VSI had a market cap of $720.07 million. Since the beginning of 2013, the company has opened 163 new stores while acquiring an additional 31. Approximately 30 new stores are planned for 2016.

*FY2015 ended Dec. 26, 2015

Tenant Profile

Tenant:Vitamin Shoppe Industries, LLC

d/b/a The Vitamin Shoppe

Corporate Parent: Vitamin Shoppe, Inc.

Tenant Business: Specialty Retail & Services

Type: Public

Traded: NYSE: VSI

Credit Rating: Not Rated

FY2015 Revenue: $1.27 billion

FY2015 Net Income: $53.17 billion

FY2015 EBITDA: $127.49 million

Net Worth (as of 3/26/2016): $449.45 million

Market Cap (as of 5/9/2016): $720.07 billion

Website: www.vitaminshoppe.com


Landlord Expense

CAM:


1. Structural portion of the building, including roof, parapets, flashing, floor slab, support columns, footers, subfloor and outer walls; and,

2. Exterior and underground utility installations and electrical conduit and wire.

Capital: Costs considered capital improvement costs per GAAP accounting principles.

35 East Kemper Road | Cincinnati, OH 45246

Tenant: Aspen Dental Management Inc.

D/B/A: Aspen Dental

GLA (SF): +/- 3,207 SF


Lease/Rent Commencement: October 20, 2010

Lease/Rent Expiration: April 30, 2026

Base Lease Term: 15 Years, 6 Months

Remaining Base Lease Term: Approx. 10 Years


Rental Increases: 6.45% Increase effective 5/1/2021







Aspen Dental Lease Abstract

Subject Property Photo

*CAM includes: (a) Administrative Fee not to exceed 5% of CAM per lease year, exclusive of insurance and snow removal; and (b) Insurance premiums attributable to the policies required to be maintained by Landlord. *CAM, exclusive of insurance and snow removal, shall not increase more than 5% per annum.


Aspen Dental Tenant OverviewAspen Dental is one of the largest and fastest-growing providers of denture and dental care services in the United States, and is committed to providing patients with affordable, high quality care. What began at a dental lab called Upstate Dental in Syracuse, New York, in 1964 has grown to an operation serving over 3 million dental patients annually at nearly 500 locations across 30 states. In 2014 alone, Aspen Dental-branded practices recorded more than 3.4 million patient visits and welcomed nearly 750,000 new patients. The company has a 100% success rate and has never closed a location.

Aspen Dental practices follow a patient-driven retail model that features visible locations in highly trafficked retail centers, with facilities that offer affordable and comprehensive dental care and convenient payment options. Aspen Dental Management Inc. (ADMI), Aspen Dental’s integrated business support service, provides a broad range of non-clinical services, including human resources and accounting. This allows dentists to spend more time caring for their patients and less time on the administrative and financial aspects of running a successful dental practice. ADMI currently has a credit rating of B/Stable from Standard & Poor’s.

Each office has certified oral hygienists, dentists and oral surgeons for general dental

care who provide patients with a full range of denture and dental services, including hygiene, oral surgery, fillings, whitening and crown and bridge work. Aspen Dental is the only authorized provider of seven styles of full and partial hand-crafted ComfiDents® brand dentures.

At a time when millions of Americans, more than 2 in 5 adults, are delaying dental care due to lingering fears about their current financial situation, Aspen Dental seeks to remove barriers to care because they believe everyone has the right to quality, affordable oral health care close to home. As a result, they continue to expand, with 55 new locations set to open in 2015 and major expansions planned in Arkansas, Minnesota, Missouri and South Dakota.

NEARLY

500 practices across

30 states

APPROXIMATELY

80% of all practices are located in Designated Health Professional Shortage Areas

Tenant Profile

Tenant: Aspen Dental

Parent Company: Aspen Dental Management, Inc. (ADMI)

Tenant Business: Retail/Medical, Dentistry

Type: Private

Credit Rating: B/Stable (S&P)

No. of Locations: 495

Founded: 1964

Headquartered: DeWitt, New York

Website: www.aspendental.com


Landlord Expense

CAM:


1. electric, gas, water, sanitary sewer and other public utility lines;2. buildings of the shopping center, including repainting the exterior walls;3. structural elements, including roof joists, columns, footings, foundation

exterior walls and flooring; and,4. roof, gutters, flashings, downspouts and scuppers.5. Utility lines to the point of entry; and,6. Security and fire protection systems other than those within, and only

serving, the Premises which Tenant is permitted to install.

Capital: Cost of any capital addition or replacement to the Shopping Center.

55 East Kemper Road | Cincinnati, OH 45246

Tenant: New Par

D/B/A: Verizon Wireless

General Partner: Verizon Wireless VAW LLC

GLA (SF): +/- 4,506 SF


Lease/Rent Commencement: August 11, 2011

Lease/Rent Expiration: October 31, 2021

Base Lease Term: 10 Years, 3 Months

Remaining Base Lease Term: Approx. 5.5 Years


Rental Increases: 10% Increase effective 11/1/2016







Verizon Wireless Lease Abstract

Subject Property Photo

*CAM includes: (a) Administrative Fee equal to 4% of Fixed Rent for any applicable calendar year; and (b) Insurance premiums attributable to the policies required to be maintained by Landlord. *CAM, exclusive of snow and ice removal, shall not increase more than 5% per annum.


Verizon Wireless Tenant OverviewNew Par d/b/a Verizon Wireless is a general partner subsidiary of Cellco Partnership, itself a wholly owned subsidiary of Verizon Communications, Inc. Cellco Partnership was formed as a joint venture in April 2000 by the combination of the U.S. wireless operations and interests of Verizon and Vodafone.

Verizon Wireless provides wireless communications services across one of the most extensive wireless networks in the United States, and is the largest wireless service provider in the country as measured by retail connections and revenue. At December 31, 2015, Verizon Wireless had 112.1 million retail connections and 2015 revenues of approximately $91.7 billion, representing approximately 70% of Verizon’s aggregate revenues. The company has the largest fourth-generation (4G) Long-Term Evolution (LTE) technology and third-generation (3G) Evolution - Data Optimized (EV-DO) networks of any U.S. wireless service provider, and their 4G LTE network is available to over 98% of the U.S. population in more than 500 markets covering approximately 312 million people.

Verizon Communications, Inc. (NYSE: VZ), headquartered in New York, is a holding company that, acting through its subsidiaries, is one of the world’s leading providers of communications, information and entertainment products and services to consumers, businesses and governmental agencies. With a presence around the world, Verizon offers voice, data and video services and solutions on its wireless and wireline networks that are designed to meet customers’ demand for mobility, reliable network connectivity, security and control.

Verizon Communications has two reportable segments, Wireless and Wireline. The wireless business, operating as Verizon Wireless, provides voice and data services and equipment sales across the United States using one of the most extensive and reliable wireless networks. The wireline business provides consumer, business and government customers with communications products and enhanced services, including broadband data and video, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services, and also owns and operates one of the most expansive end-to-end global Internet Protocol (IP) networks.

Formed in June 2000 with the merger of Bell Atlantic Corp. and GTE Corp., Verizon Communications, Inc. began trading on the New York Stock Exchange soon thereafter, and today, is also part of the NASDAQ Global Select Market. For FY2015 (ended December 31, 2015), VZ reported total revenue of $131.62 billion, net income of $18.38 billion and EBITDA of $49.18 billion. The company currently holds an investment grade rating of BBB+/Stable from Standard and Poor’s.

Tenant Profile

Tenant: New Par (Cellco Partnership) d/b/a Verizon Wireless

Corporate Parent: Verizon Communications, Inc.

Tenant Business: Telecommunications

Type: Public

Traded: NYSE: VZ

Credit Rating: BBB+/Stable (S&P)

FY2015 Revenue: $131.62 billion

FY2015 Net Income: $18.38 billion

FY2015 EBITDA: $49.18 billion

Net Worth (as of 3/31/2016): $20.10 billion

Market Cap (as of 5/2/2016): $209.20 billion

Website:www.verizon.com

www.verizonwireless.com

*FY2015 ended Dec. 31, 2015

Representative Photo

SW

Location OverviewSection Three

Subject Property


Springdale is a city in northern Hamilton County, approximately 20 miles from downtown Cincinnati. Positioned at the I-75 and I-275 interchange, the city is at the center of the Cincinnati Dayton Metroplex, with access to two major international airports, four major thoroughfares, the nation’s rail system and a labor force of over one million workers. It is home to over 1,500 national and local businesses and prides itself on its business-friendly atmosphere. The population of Springdale as of the 2010 census was 11,223, a 6.2% increase from 2000.

From its founding in 1806, Springdale has grown from a rural crossroads hamlet to a vibrant, prosperous city with a strong, diversified economy. One of the biggest contributors to the local economy is the retail sector which has grown exponentially in the area surrounding the 1.3 million square-foot Tri-County Mall. Known as the Springdale Tri-County Retail District, the area is home to more than 4.5 million square feet of retail space that generates more than one billion in annual sales and employs more than 5,000 people.

Cincinnati is a city in and the county seat of Hamilton County in southwestern Ohio. It is the third-largest city in Ohio and the 28th-largest in the United States by metropolitan population. According to the 2010 census, the population of Cincinnati proper was 296,945, while the population of the metropolitan area was 2,214,954.

Ranked in 2009 as the fourth-best “Cities for New Grads” by CNN, Cincinnati is home to two major sports teams, the Cincinnati Reds and the Cincinnati Bengals, as well as large events such as the Flying Pig Marathon, the Macy’s Music Festival and the WEBN Labor Day Fireworks/Riverfest. It is also home to the University of Cincinnati and Xavier University.

Additionally, the city is known for its large collection of historic architecture. Over-the-Rhine, a neighborhood just to the north of Downtown Cincinnati, boasts among the world’s largest collections of Italianate architecture, rivaling similar neighborhoods in New York City, Vienna and Munich in size and scope.

Many major corporations have their head offices in Cincinnati, such as Procter & Gamble, The Kroger Company and Macy’s, Inc., among many others. Kroger, the largest employer in the city, has over 17,000 employees. The aforementioned University of Cincinnati employs over 15,000.

Location Overview

Art District - Springdale, OH

Springdale, OH

Cincinnati, OH


5-55 East Kemper Road | Springdale (Cincinnati), Ohio 45246 0 - 1 mi. 0 - 3 mi. 0 - 5 mi.

Population

2015 Population 4,484 42,019 136,572

2020 Population 4,485 42,377 137,809

2000-2010 Annual Rate 0.60% 0.45% 0.08%

2010-2015 Annual Rate -0.03% 0.15% 0.10%

2015-2020 Annual Rate 0.00% 0.17% 0.18%

2015 Median Age 32.9 37.0 39.5

Households

2015 Total Households 1,798 17,114 55,704

2020 Total Households 1,791 17,248 56,237

2000-2010 Annual Rate 0.10% 0.33% 0.23%

2010-2015 Annual Rate -0.14% 0.15% 0.16%

2015-2020 Annual Rate -0.08% 0.16% 0.19%

2015 Average Household Income $61,329 $62,432 $78,481

Demographics

going beyond

The information contained herein was obtained from sources believed reliable, however, Stan Johnson Company makes no guaranties, warranties or representations as to the completeness thereof. The presentation of this property for sale, rent or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notices.

Stan Johnson Company303 East Wacker Drive | Suite 1111Chicago, IL 60601P: +1 312.240.0127 | F: +1 312.240.0158

stanjohnsonco.com

Brad FellerSenior [email protected]+1 312.240.0194

Isaiah [email protected] +1 312.777.2437

Blaise Bennett, Esq.Associate [email protected]+1 312.777.2449

Brandon DuffRegional Director

In association with:Loretta DiChiroOH Lic. #0000361130

Offered Exclusively by

Springdale Point Retail Centerinfo.stanjohnsonco.com/rs/702-XMW-307/images/... · Vitamin Shoppe,...

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