JUSTIN BROCKMAN [email protected]
JULES B. HOCHMAN [email protected]
9210 N. Rodney Parham RoadLittle Rock, AR 72227
NET LEASED INVESTMENT OPPORTUNITY
TA B L E O F C O N T E N T S
Company/Tenant Overview
Property Overview
Site Plan
Area Overview
Area Demographics
Investment Analysis
Natural Grocers by Vitamin Cottage is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements
Providing high-quality products at affordable prices, exceptional customer service, nutrition education and community outreach
Not approving for sale grocery products that are known to contain artificial colors, flavors, preservatives, sweeteners or partially hydrogenated or hydrogenated oils and selling only USDA certified organic produce
Industry-leading dairy standards, requiring that all dairy products be sourced from pasture-raised, non-confinement dairies
Enhancing customers’ shopping experience by providing free science-based nutrition education to help customers make well-informed health and nutrition choices
Stores range from 5,000 to 16,000 selling square feet; new stores average approximately 11,000 selling square feet
• Approximately one quarter of a store’s selling square footage is dedicated to dietary supplements
• Approximately 21,000 SKUs of natural and organic products per comparable store, including approximately 6,500 SKUs of dietary supplements
19 STATES
+9 ADDITIONAL STORES PLANNED TO OPEN IN 2018
STORES IN1403
C O M PA N Y / T E N A N T O V E R V I E W
9210 N Rodney Parham RoadLittle Rock, AR 72227
Price: $5,780,000Year Built: 2015Building Type: FreestandingGross Leasable Area (GLA): 15,093 SFLot Size: 1.55 AcresGuaranty: Full Corporate
PROPERTY DESCRIPTION
PROPERTY HIGHLIGHTS• Absolute Triple-Net (NNN) 15 Year Corporate Lease (Reference Lease)
• Approximately 14 Years Remaining
• 2015 Construction
• Visible to 30,000 Vehicles per Day from N. Rodney Parham Road
• Strong Tenant - Natural Grocers has seen Annual Compound Sales Growth of 24.4% since 2012
• 35 ft. Pylon Sign Exclusively for the Use of Natural Grocers
• One Mile from Access to Interstate-430 (85,000 Vehicles per Day)
• Infill Little Rock, Arkansas - 135,000 Residents in a 5 Mile Radius
• Average Household Income is $80K in 5 Mile Radius
• Just 15 Minutes from Downtown Little Rock
• Large 1.55 Acre Lot
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P R O P E RT Y O V E R V I E W
N
RODNEY PARHAM RD 30,000 VPD 5
P R O P E RT Y O V E R V I E W
15,093 SF
N R
OD
NE
Y P
AR
HA
M R
D 3
0,0
00
VP
D
NATURAL GROCERS35 FT. PYLON SIGN
CROSS ACCESS WITH WALGREENS
N RODNEY PARHAM RD ACCESS
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S I T E P L A N
Little Rock, the capital of Arkansas, sits on the banks of the Arkansas River in Pulaski County. Little Rock is a major cultural, economic, government and transportation center within Arkansas and the South. The city has earned a reputation among history buffs, foodies and art lovers as an exciting place to live. Residents can spend their weekend exploring the historic Arkansas State Capitol, wandering through the Arkansas Art Center or sipping beer at one of the area’s breweries. Plus, the beautiful Ozark Mountains provide plenty of opportunities to enjoy the outdoors.
CORPORATIONS HEADQUARTERED
IN LITTLE ROCK, AR
Little Rock is Among American’s Top Ten in Cleanliness, Hapiness and Value....
Forbes Lists Ranks Little Rock:• #84 Best Places for Business & Careers• #42 in Cost of Doing Business• #168 in Job Growth• #98 in Education
THE CAPITAL CITY OF ARKANSAS
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A R E A O V E R V I E W
DOWNTOWNLITTLE ROCK
THE METROPOLITAN AREA OF
LITTLE ROCK, ARHAS A POPULATION IN EXCESS OF
750,000RESIDENTS
MARKHAM
ST
N RODNEY PARHAM RD
9210 N Rodney Parham Road
MALL
UNIVERSITY AVENUE
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A R E A O V E R V I E W
N RODNEY PARHAM RD
McDERMOTTELEMENTARY
SCHOOL
30,000 VPD
RESERVOIR RD
9210 N Rodney Parham Road
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A R E A O V E R V I E W
3 mile 77,6455 mile 135,14210 mile 312,853
POPULATION3 mile 35,3455 mile 59,31910 mile 131,384
HOUSEHOLDS
3 mile $78,4445 mile $79,60910 mile $71,694
AVERAGE HH INCOME
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A R E A D E M O G R A P H I C S
Price $5,780,000Building Size 15,093 SFCAP Rate 6.35%Net Income $367,050
INVESTMENT SUMMARY
Lease Dates Annual Rent CAP Rate2/1/2016 - 4/30/2026 $367,050 6.35%5/1/2026 - 4/30/2031 $382,050 6.60%
Option Terms Annual Rent CAP RateOption 1 $397,050 6.86%Option 2 $412,050 7.12%Option 3 $427,050 7.38%Option 4 $442,050 7.64%
ANNUALIZED OPERATING DATA
Rent Commencement February 1, 2016Lease Expiration April 30, 2031Term Remaining on Lease 14 YearsLease Type Triple-Net (NNN) LeaseLease Term 15 YearsIncreases $15,000 Annual Increases Every
5 Years Starting in Year 11 Through All Options
Options to Renew Four 5 Year Options
LEASE TERMS OVERVIEW
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I N V E S T M E N T A N A LY S I S
Tenant Natural Grocers by Vitamin CottageOwnership Public / NYSE: NGVCTenant Headquarters 12612 W. Alameda Parkway
Lakewood, CO 80228
TENANT OVERVIEW
D I S C L A I M E RThis confidential Offering Memorandum, has been prepared by Pinnacle Real Estate Advisors, LLC (“Pinnacle REA”) for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Pinnacle REA recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property described herein as 9210 N. Rodney Parham Road located in Little Rock, AR (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided by Pinnacle REA or its brokers.
Pinnacle REA makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Pinnacle REA has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Pinnacle REA and the Owner of the Property. Pinnacle Real Estate Advisors make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum is not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Pinnacle REA and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further, Pinnacle REA and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Pinnacle REA shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.
This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization of Pinnacle REA. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Pinnacle REA at your earliest convenience.
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JUSTIN BROCKMAN [email protected]
JULES B. HOCHMAN [email protected]
9210 N. Rodney Parham RoadLittle Rock, AR 72227
NET LEASED INVESTMENT OPPORTUNITY
