t-mobile and liberty tax - Capital...

Chris Peters | [email protected] (415) 274-2703 CA BRE#: 01339983

Zeb Ripple | [email protected] (415) 274-2702CA BRE#: 01242540

Chris Kostanecki | [email protected] (415) 274-2701 CA BRE#: 01002010

Zandy Smith | [email protected] (415) 274-2707CA BRE#: 01734525

Joe Caccamo | [email protected] (415) 274-7394 CA BRE#: 01191110

t-mobile and liberty tax

3501 S Noland Road, Independence, MO

Two Tenant strip in the midwest

T-MOBILE & LIBERTY TAX | 2T-MOBILE & LIBERTY TAX | 2

INVESTMENT HIGHLIGHTS:

> Independence has a population of approximately 116,000 and is part of the Kansas City MSA

> Proposed Wal-Mart Neighborhood Market will be built directly next to the subject property on the NEC corner which was originally the Gaslight Shopping Center

> Excellent visibility and access to South Noland Road

> Signalized corner location

> Located in a dense retail location surrounded by numerous national tenants

> Subject property is located on heavily trafficked South Noland Street with approximately 31,000 cars per day

LEASE HIGHLIGHTS:

> T-Mobile is operated by Wireless Vision, which is one of the largest T-Mobile franchisees with over 200 locations

> Both tenants have operated at this location since 2007

> T-Mobile and Liberty Tax recently extended their leases for an additional 5 years in 2013

> Landlord is responsible for the roof and HVAC

PRICE . . . . . . . . . . . . . . $599,975CAP RATE . . . . . . . . . . . 7 .85%PRICE PER SQ FT . . . . . . $267.85

RENTABLE SF . . . . . . . . . 2,240 SF

LAND AREA . . . . . . . . . . 0.64 Acre

YEAR BUILT . . . . . . . . . . 2007

TWO-TENANT STRIP CENTER LOCATED JUST 10 MILES OUTSIDE OF KANSAS CITY, MO Investment Highlights

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Income & Expense

PRICE $599,975

Price Per Square Foot: $267.85

Capitalization Rate: 7.85%

Total Rentable Area (SF): 2,240

Lot Size (Acres): 0.64

Year Built: 2007

STABILIZED INCOME Per Square Foot

Scheduled Rent $22.22 $49,770

Vacancy Factor (3%) ($1,493)

Effective Gross Income $21.55 $48,277

LESS Per Square Foot

Taxes NNN $0.00

Insurance NNN $0.00

Management Fee (2%) ($955.00)

Roof & Structure ($0.10) ($224.00)

EQUALS NET OPERATING INCOME $47,098

T-MOBILE & LIBERTY TAX | 3

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/FT Yearly Rent/FT

Liberty Tax 1,240 4/1/09 4/30/11 $1,550 $18,600 $1.25 $15.00

5/1/11 4/30/13 $1,628 $19,530 $1.31 $15.75

5/1/13 4/30/14 $1,710 $20,522 $1.38 $16.55

5/1/14 4/30/15 $20,770 $1,731 $20,770 $1.40 $16.75

5/1/15 4/30/17 $1,798 $21,576 $1.45 $17.40

5/1/17 4/30/19 $1,891 $22,692 $1.53 $18.30

T-Mobile (Wireless Vision) 1,000 1/31/13 1/30/18 $29,000 $2,417 $29,000 $2.42 $29.00

Current Totals: 2,240 $49,770 $4,147.50 $49,770 $1.85 $22.22

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Rent Roll


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MARKETPLACE SHOPPING CENTER

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KANSAS CITY

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Proposed

Liberty Tax Service (NYSE is a United States-based company specializing in the preparation of tax returns for low-income individuals and small businesses.

The company began in Canada in 1997 when John Hewitt, co-founder of Jackson Hewitt, acquired a Canadian tax franchisor, U&R Tax Depot. In 1998, the company became Liberty Tax Service and opened 5 offices in the United States. Liberty Tax Service appeared on Forbes “Top 20 Franchises for the Buck” in 2012. Liberty Tax Service (www.libertytax.com) operates 2,450 offices throughout the United States and Canada, and has prepared over 4,000,000 individual income tax returns.

T-Mobile US, Inc is redefining wireless services through leading product and service innovation. T-Mobile offers advanced nationwide 4G and 4G LTE network that delivers exceptional wireless experiences, making sure customers don’t compromise on quality or value.

Based in Bellevue, Washington, T-Mobile US operates its flagship brands, T-Mobile and MetroPCS, and currently serves approximately 43 million wireless subscribers, boasts revenues of $24.8 billion, employs approximately 38,000 people, and provides products and services through 70,000 points of distribution.

Tenants


Photos

Survey


Regional Map

T-MOBILE & LIBERTY TAX

LOCATED ON HEAVILY TRAFFICKED SOUTH NOLAND STREET WITH APPROXIMATELY 31,000 CARS PER DAY


Independence is the county seat of Jackson County and adjoins Kansas City, Missouri to the west. The city is the fourth largest in Missouri with a population of 114,345, covering 78 square miles. It is one of six cities in the Eastern Jackson County region. The Kansas City metropolitan statistical area encompasses 18 counties and has a population of over 1.8 million.

Independence is at the crossroads of major transportation connections within the Kansas City metro area and the United States with easy access to I-70, I-35, I-470 and I-29. The daily traffic count on I-70/470 is over 100,000 vehicles daily.

Demographics Top Employers in Independence

Independence, MO

Population 1 Mile 3 Miles 5 Miles

2010 Population 7,995 78,264 151,4362013 Population 7,886 78,664 151,8562018 Population (Projection) 7,859 79,838 153,745

2012 Income

2013 Average Household Income $59,013 $52,842 $56,7032013 Median Household Income $47,849 $40,591 $41,713

Employer # of Employees

Alliant Tech Systems 2,600

independence School District 2,043

Centerpoint Medical Center 1,600

City of Independence 650

GEHA 400


Copyright © 2013 [Capital Pacific Real Estate Brokerage Company]

Copyright © 2014 [Capital Pacific Real Estate Brokerage Company]

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CHRIS KOSTANECKI [email protected] | (415) 274-2701 CA BRE#: 01002010

CHRIS PETERS [email protected] | (415) 274-2703 CA BRE#: 01339983

ZEB RIPPLE [email protected] | (415) 274-2702CA BRE#: 01242540

ZANDY SMITH [email protected] | (415) 274-2707 CA BRE#: 01734525

JOE CACCAMO [email protected] | (415) 274-7390 CA BRE#: 01191110

t-mobile and liberty tax - Capital...

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