investment opportunity dick’s sporting goods€¦ · the subject property is leased to dick’s...

DICK’S SPORTING GOODSACROSS FROM REGIONAL MALL (16 MILLION ANNUAL SHOPPERS)

I N V EST M E N T O P P O RT U N I T Y

Actual Photo

APPLETON, WI

OFFERED AT: $6,452,000 | 7.25% CAP

EXECUTIVE SUMMARY PROPERTY INFORMATION AREA OVERVIEWTENANT OVERVIEW

DICK’S SPORTING GOODS| Appleton, WI | 2

TABLE OF CONTENTS

4 Executive Summary5 Investment Highlights6 Lease Summary & Rent Schedule

EXECUTIVE SUMMARY

8 Location Maps9 Property Photos10 Neighboring Tenants14 Aerials

PROPERTY INFORMATION

22 Appleton Overview23 Green Bay Overview24 Demographics

Confidentiality Agreement & Disclosures

AREA OVERVIEW

Color Scheme

Fonts

GOTHAM/ BLACKGOTHAM/ MEDIUMGOTHAM/ LIGHT

CMYK C:0 / M:100 / Y:65 / K:47

RGB R:145 / G:0 / B:40

CMYK C:0 / M:0 / Y:0 / K65

RGB R:119 / G:120 / B:123

RYAN BARRPrincipal

[email protected]

Lic#01338994

RYAN BENNETTPrincipal

[email protected]

Lic#01826517

EXCLUSIVELY REPRESENTED BY

20 About Dick’s Sporting Goods

TENANT OVERVIEW

BROKER OF RECORD: Lee & Associatesf Madison LLC WI

Brokers Lic#701361-91

EXECUTIVE SUMMARYDICK’S SPORTING GOODS

APPLETON, WI

Acutal Photo



PROPERTY OVERVIEWAddress: 4350 W. Greenville Dr

Appleton, WI 54913Property Size: Approx 52,000 Sq. Ft.

Land Size: 5.85 Acres

Ownership: Fee Simple (Land & Building)

Year Built: 2000

INVESTMENT HIGHLIGHTSOffering Price: $6,452,000Net Operating Income: $468,000Cap Rate: 7.25%Price/SF: $124Lease Type: Double-Net (NN)

Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a Dick’s Sporting Goods property located in Appleton, Wisconsin (the “Property”). Built in 2000, the Property consists of a 52,000-square-foot building that sits on an approximately 5.85-acre parcel.

Originally a build to suit for Dick’s in 2000, the tenant has operated successfully at this location for over 17 years and in 2015, exercised a 5-year option early bringing them to a 10-year term. They still have four (4) additional 5-year option periods.

The subject property is leased to Dick’s Sporting Goods, the largest U.S. based full-line omni-channel sporting goods retailer in the market with $8.59B in Revenue reported for their 2017 fiscal year end. As of Q1 2018, Dick’s Sporting Goods currently operates 716 Sporting Goods locations across the United States.

Dick’s is located directly across from the Fox River Mall, a 1.2 million-square-foot super-regional shopping mall that draws $16,000,000 shopper annually from cities such as Green Bay and Milwaukee. Anchor tenants include Macy’s, JC Penney, Target, and Sears, as well as other national retailers including Cost Plus World Market, Talbots, Banana Republic, Pottery Barn, DSW, Hobby Lobby, David’s Bridal, and many more.

The property is ideally situated one street from the on/off ramp to Interstate 41 (61,000+ cars per day), for quick access to downtown Green Bay just 33 miles to the northeast and Milwaukee 100 miles to the south. The property offers multiple access points, abundant parking, and drive-around truck access. Dick’s is located with frontage along W. Greenville Drive with visibility from East Wisconsin Ave/Hwy 96, offering outstanding visibility to 33,000+ cars per day.

The subject property is located in Appleton, the county seat of Outagamie County. Located along the Fox River, Appleton’s population is roughly about 73,000 people. It is the home of Fox Valley Technical College, which serves about 20,000 people annually, more than any other technical college in Wisconsin.

-- OFFERING SUMMARY --

• Offering Summary • Investment Highlights Lease Summary & Rent Schedule



-- INVESTMENT HIGHLIGHTS --

DICK’S SPORTING GOODS • STRONG CORPORATE LEASE GUARANTY • $8.59B IN REVENUE (2017)The subject property is leased to Dick’s Sporting Goods, the largest U.S. based full-line omni-channel sporting goods retailer in the market with $8.59B in Revenue reported for their 2017 fiscal year end.

As of Q1 2018, Dick’s Sporting Goods currently operates 716 Sporting Goods locations across the United States making them most desirable sporting goods tenant in the retail investment world

17+ YEAR OPERATING HISTORY • TENANT EXERCISED 5-YEAR OPTION EARLY • COMMITMENT TO SITEOriginally a build to suit for Dick’s in 2000, the tenant has operated successfully at this location for over 17 years and in 2015, exercised a 5-year option early bringing them to a 10-year term.

PREMIER RETAIL LOCATION • ACROSS FROM THE FOX RIVER MALL: 1.2 MILLION SQUARE FOOT SUPER REGIONAL MALL • $16 MILLION SHOPPERS ANNUALLYDick’s is located directly across from the Fox River Mall, a 1.2 million-square-foot super-regional shopping mall that draws $16,000,000 shopper annually from cities such as Green Bay and Milwaukee.

Anchor tenants include Macy’s, JC Penney, Target, and Sears, as well as other national retailers including Cost Plus World Market, Talbots, Banana Republic, Pottery Barn, DSW, Hobby Lobby, David’s Bridal, and many more.

EASY ACCESS FROM INTERSTATE 41 (61,000 CPD) • LOCATED ON MAJOR RETAIL/COMMUTER CORRIDOR • VISIBILITY TO 33,000+ CPD

The property is ideally situated one street from the on/off ramp to Interstate 41 (61,000+ cars per day), for quick access to downtown Green Bay just 33 miles to the northeast and Milwaukee 100 miles to the south. The property offers multiple access points, abundant parking, and drive-around truck access.

Dick’s is located with frontage along W. Greenville Drive with visibility from East Wisconsin Ave/Hwy 96, offering outstanding visibility to 33,000+ cars per day.

LOCATED IN APPLETON • HOME TO FOX VALLEY TECHNICAL COLLEGE, LARGEST TECHNICAL COLLEGE IN WISCONSIN (SERVING APPROX 20,000 STUDENTS ANNUALLY) The subject property is located in Appleton, the county seat of Outagamie County. Located along the Fox River, Appleton’s population is roughly about 73,000 people. It is the home of Fox Valley Technical College, which serves about 20,000 people annually, more than any other technical college in Wisconsin.

Offering Summary • Investment Highlights • Lease Summary & Rent Schedule



-- LEASE SUMMARY --

LEASE INFORMATION

TENANT: Dick’s Sporting Goods, Inc.

GUARANTOR: Corporate

BUILDING SIZE: 52,000 Sq. Ft.

LOT SIZE: 5.95 Acres

RENT COMMENCEMENT: February 1, 2000

LEASE EXPIRATION: January 31, 2025

BASE LEASE TERM: 15 Years

BASE TERM REMAINING: 6+ Years (Exercised 10-year extension starting 2/1/2015)

LEASE TYPE: Double-Net (NN)

LANDLORD RESPONSIBILITIES: Roof & Structure

RENEWAL OPTIONS: (4) 5-Year Options

ANNUAL RENT: $468,000

-- RENT SCHEDULE --

PRIMARY TERM

TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR

Extension 2/1/2015 1/31/2025 $468,000.00 $39,000.00 $9.00

OPTION PERIODS - (4) 5-YEAR OPTIONS

TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR

Option 1 2/1/2025 1/31/2030 $494,000.00 $41,166.67 $9.50

Option 2 2/1/2030 1/31/2035 $520,000.00 $43,333.33 $10.00

Option 3 2/1/2035 1/31/2040 $546,000.00 $45,500.00 $10.50

Option 4 2/1/2040 1/31/2045 $572,000.00 $47,666.67 $11.00

Offering Summary Investment Highlights • Lease Summary & Rent Schedule •

PROPERTY INFORMATION

Acutal Photo

DICK’S SPORTING GOODS APPLETON, WI

EXECUTIVE SUMMARY PROPERTY INFORMATION AREA OVERVIEW


TENANT OVERVIEW

-- LOCATION MAPS --

• Location Maps • Aerials

Pacific Ocean

MILWAUKEE

GARY

DAVENPORT

W. COLLEGE AVE

KENOSHA

CHICAGO

ROCKFORD

MADISON

APPLETONINTERNATIONAL

AIRPORT

FOX RIVER MALL

Neighboring Tenants

WASAU

Green Bay

OSHKOSH

APPLETON

N. C

ASA

LOM

A D

R

W. PROSPECT AVE

W. GREENVILLE DR

W. NORTHLAND AVE

LONG BEACH

76

47

15

96

47

96

76

47

Property Photos



TENANT OVERVIEW

-- PROPERTY PHOTOS --

Front of Subject Property

Subject PropertyBest Buy in Background Drive Around Truck Access Truck Loading in Rear

Location Maps AerialsNeighboring Tenants• Property Photos •



TENANT OVERVIEW

-- NEIGHBORING TENANTS IN CENTER --

Best Buy Jimmy John’s, Batteries + Bulbs

Hot Spring Red Wing Shoes Tires Plus

Photos: JG Management

Location Maps Aerials• Neighboring Tenants •Property Photos



TENANT OVERVIEW

-- FOX RIVER MALL ACROSS FROM SUBJECT --




TENANT OVERVIEW

-- NEARBY WALMART SUPERCENTER --




TENANT OVERVIEW

-- HOME DEPOT CENTER NEARBY --




TENANT OVERVIEW

-- OVERHEAD VIEW --

ACCESS

W. WISCONSIN AVE (26,000 CPD)

FRONTAGE RD

W. BREW

STER ST

Location Maps • Aerials •Neighboring TenantsProperty Photos

ACCESS

ACCESS ACCESS

W. GREENVILLE DR (7,000 CPD)

COMBINED33,000+ CPD

96

FRONTAGE RD

ACCESS

FEDERATED DR

W. GREENVILLE DR



TENANT OVERVIEW

-- LOOKING NORTHWEST --

APPLETON CAMPING CENTER

W NORTHLAND AVE

SILVER SPRINGAPARTMENTS


COMBINED33,000+ CPD

W. G

REENV

ILLE DR (7,000 C

PD)

96

W. WISCONSIN AVE (26,000 CPD) FEDERATED DR

W. BREWSTER ST

N WESTFIELD DR

OLDE CASALOMA DR

N CASALOMA DR

CRYSTAL SPRINGAPARTMENTS

CLIMASTORE STORAGE

APPLETON AREA STORAGE

HAND TO SHOULDER CENTER

96

HARDWAREBY DESIGN

MARK WINTERHOMES

MIDWESTPERLITE

CASALOMACENTER

OFF RAMP

ON RAM

P

61,000 CARS PER DAY


FRONTAGE RD

FOX RIVER MALL1.2 MILLION SQ FT



TENANT OVERVIEW

-- LOOKING NORTHEAST --

W NORTHLAND AVE

W NORTHLAND AVE


FRONTAGE RD


FEDERATED DR

W. BREWSTER ST

N WESTFIELD DR

OLDE CASALOMA DR

N C

ASA

LOM

A D

R

OUTER RING RD

HAND TO SHOULDER CENTER

COMBINED 33,000+CARS PER DAY

96

96

HARDWAREBY DESIGN

MARK WINTERHOMES

MIDWESTPERLITE

CASALOMACENTER

FOX VALLEYTECHNICAL COLLEGE

BERGSTROMAUTOMOTIVE CENTER

GLEN PARKAPARTMENTS

LYNNDALEAPARTMENTS

ZENTNER’S AUTO SERVICE

ON RAMP

ON RAMP

ON RAMP



61,000 CARS PER DAY



TENANT OVERVIEW

BREWSTER VILLAGE


FEDERATED DR

W. BREWSTER ST


96

OLDE CASALOMA DR

N CASALOMA DR


N WESTFIELD DR


HARDWAREBY DESIGN

OUTER RING RD

OUTAGAMIE COUNTY UW

EXTENSION OFFICE

TRI PARKVILLAS

W. COLLEGE AVE

N. BLUEMOUND DR

BLUEMOUND COURTAPARTMENTS

WISCONSIN BUILDING SUPPLY

ON RAMP

OFF RAMP

ON RAMP

ON RAMP


61,000 CARS PER DAY

W. G

REEN

VIL

LE D

R (7

,000

CPD

)

FRO

NTA

GE

RD




TENANT OVERVIEW

-- LOOKING SOUTHWEST --


FEDERATED DRW. BREWSTER ST


OLD

E CA

SALO

MA

DR

N CASALOMA DR

N WESTFIELD DR

N MCCARTHY DR

W. COLLEGE AVE

OUTER RING RD


96

FOX RIVER MALL

MAYFLOWER PARKAPARTMENTS

SILVER SPRINGAPARTMENTS

HARDWAREBY DESIGN


ON RAMP

ON RAMP

OFF RAMP

OFF RAM

P


61,000 CARS PER DAY

FRONTAGE RD

TENANT OVERVIEWDICK’S SPORTING GOODS

APPLETON, WI

Acutal Photo



• About Dick’s Sporting Goods •

-- ABOUT DICK’S SPORTING GOODS --

Dick’s Sporting Goods, Inc. operates as a sporting goods retailer. Dick’s is the largest omni-channel full line sporting goods retailer in the U.S. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick’s Team Sports HQ, a youth sports

digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships. As of January 28, 2017, the Company operated 91 golf specialty stores in 32 states and 27 Field & Stream stores in 13 states. As of February 3, 2018, it operated 845 stores in 47 states. The company was formerly known as Dick’s Clothing and Sporting Goods, Inc. and changed its name to Dick’s Sporting Goods, Inc. in April 1999. Dick’s Sporting Goods, Inc. was founded in 1948 and is headquartered in Coraopolis, Pennsylvania.

On January 29, 2017, we transitioned our eCommerce platform from a third-party provider to a proprietary internal platform that now allows us to fully control our customer experience and optimize profitability. The Company’s focus will be to invest in our online experience through faster delivery, better pricing, more targeted marketing and continued improvements in our digital channels. Like our customers, we see retail as an omni-channel experience, where the distinctions between stores and online are becoming increasingly irrelevant.

The Company seeks to expand its presence through the opening of new stores, and the Company believes that growing its store network and eCommerce business simultaneously will enable it to profitably grow the business by delivering an omni-channel shopping experience for its customers. We plan to reduce our store growth rate compared to historical levels as the Company monitors the competitive retail landscape and focuses its store growth in under-served and under-penetrated markets. In fiscal 2018, we expect to open approximately 19 new Dick’s Sporting Goods stores.

Net sales increased 8.4% to $8,590.5 million in fiscal 2017 from $7,922.0 million in fiscal 2016, due primarily to growth of our store network. eCommerce sales increased approximately 13% on a 52-week to 52-week comparative basis and penetration in fiscal 2017 increased to 12.4% of total net sales compared to 11.9% in fiscal 2016.

REVENUE $8.59 Billion

NET INCOME $323.45 Million

2018 SALES GROWTH 8.4%

EMPLOYEES 45,200

MARKET CAP 3.2968

NUMBER OF LOCATIONS 716

DICK’S SPORTING GOODS: COMPANY HIGHLIGHTS

AREA OVERVIEWDICK’S SPORTING GOODS

APPLETON, WI



-- APPLETON OVERVIEW --

Located in Wisconsin’s Fox Cities, Appleton is a community known for its quality of life. A bustling economy, low crime rate and bountiful recreational opportunities make Appleton a great place to live and visit. Appleton’s eclectic downtown is home to many specialty retail shops, fine dining and a wide array of ethnic eateries. The city’s downtown is seeing a revitalization, with riverfront and downtown development opportunities that are both attractive and affordable. Appleton’s thriving downtown has become the heart of the Fox Cities, a metropolitan population of 250,000 offering urban living in a vibrant community with small town values.

The Fox Cities region has been seeing dynamic growth, outpacing the average growth of the state of Wisconsin. Its population is nearly 1.2 million within a 50 mile radius and the city has become a transportation hub, centrally located along Interstate 41 which pulls from Highways/Routes 10, 76/96, 15, 47, and 110, providing for quick access to nearby Green Bay (31 miles northeast) and Milwaukee (108 miles south).

ONE OF TWO BEST CITIES IN WISCONSIN FOR BUSINESS (FORBES MAGAZINE)

Six of the top 25 employers in Wisconsin are located in Appleton, including ThedaCare, Thrivent Financial, Miller Electric MFG, Appvion, West Corp, and Guardian Life Insurance Company. Forbes Magazine has rated Appleton one of the two best cities in Wisconsin for busines, a direct reflection of the city’s pro-business environment. The region offers lower-than-average wages and affordable utilities, resulting in a cost of doing business that is significantly lower than the national average.

HIGHER INSTITUTIONS PROVIDE OUTSTANDING WORKFORCE DRAW

Appleton area businesses draw from an educated workforce that pulls from its two major college institutions:

FOX VALLEY TECHNICAL COLLEGE (FVTC): Fox Valley Technical College is a nationwide leader in providing employee education and training, offering degrees in more than 200 programs. FVTC has an outstanding relationship with surrounding companies, working with businesses of all sizes to deliver customized training solutions and advance applications in areas including transportation, security/crime prevention, health care, entrepreneurship, small business development, manufacturing and customer service, sales and marketing. Each year 40,000-50,000 people enroll in classes at FVTC via continuing education courses, part-time attendees, and apprenticeship students. A staggering 95% of students who graduate from Fox Valley Technical College go on to enjoy enjoyment with area businesses.

LAWRENCE UNIVERSITY: At the east end of downtown is Lawrence University, a leading liberal arts college that attracts students from around the world. It is an arts college and conservatory of music devoted exclusively to undergraduate education. With an average enrollment of 1600 students per year, Lawrence University places a priority on preparing students for a life of personal fulfillment and professional accomplishment and a lifetime of learning through community engagement, engaged learning devoted to creativity and research.

Green Bay Overview Demographics• Appleton Overview •

http://www.foxcitiesregion.com/http://www.fvtc.edu

http://www.lawrence.edu

Fox River Mall is an enclosed super-regional shopping center located in Grand Chute, Wisconsin, United States. It is a major driver of the local economy and its construction helped spur the growth of the Grand Chute shopping district, which is today known as the “shopping capital of Wisconsin”. At 1.21 million square feet, it is the largest mall in the state.

Before the mall was built, the Appleton Metropolitan area was considered to be the only major metropolitan area in the United States that did not have a major regional mall to strengthen its economy. Local business leaders got together and encouraged a developer to build a mall. At this time the west side of Interstate 41 was largely undeveloped, making it the perfect place to build the mall. Since its opening, this region has been greatly developed and brings many visitors and businesses to the Appleton Metropolitan area. Today it contributes about 1 billion dollars annually to the local economy.

The mall opened on July 18, 1984, with one anchor store, Sears, along with 67 other stores, a movie theater, and a Walgreens drugstore. Expanded several times in its history, with the last major renovation occurring in 2004, it became the largest mall in Wisconsin in 2014, with 1.2 million square feet.

-- FOX RIVER MALL --



-- GREEN BAY OVERVIEW --

Green Bay is the flagship city and economic hub of northeastern Wisconsin. Home to 105,000 residents, population continues to increase, along with the percentage of residents with a college degree.

The City continues to attract and develop innovative startups, second-stage firms, and unique retailers. We are an employment magnet, leveraging the competitive advantage of our strongest traded industry clusters: agriculture and food processing; paper, packaging, and printing; advanced manufacturing; and transportation and logistics. Our Foreign Trade Zone status allows merchandise to be imported, assembled, and repackaged with other components without formal customs entry procedures or import duties.

A robust, multi-modal transportation network moves people and goods efficiently. Metro Transit provides over a million and a half rides annually through thirteen full-service bus routes. Interstate highways and two rail carriers link the City to the Milwaukee, Chicago, and St. Paul-Minneapolis metropolitan areas. The Austin Straubel International Airport, with three commercial airlines and two fixed-based operators, and the Port of Green Bay, with fourteen docks on the Fox River, connect to domestic and international points beyond.

Green Bay offers ample opportunities for outdoor recreation through seventy parks and trails, including Bay Beach Amusement Park and Wildlife Sanctuary, the City Deck (an urban boardwalk along the Fox River), the Green Bay Botanical Garden, and the Joannes Family and Resch Aquatic Centers. We are also home to Lambeau Field, the Packers Hall of Fame, and Green Bay Bullfrogs Baseball.

Green Bay hosts hundreds of cultural events, including those provided by local theatre organizations and civic symphony, at the Meyer Theatre, the Weidner Center for the Performing Arts, the ART Garage, and the recently-expanded KI Convention Center. The Neville Public Museum, the Children’s Museum of Green Bay, the Automobile Gallery, and Hazelwood Historic House are also within the City.

An urban renaissance is occurring across the nation as people are rediscovering the economic and cultural advantages of cities. The City of Green Bay is well-positioned to capitalize on this trend and welcomes prospective residents, businesses, and investors to our community.

In addition to being known around the world for contributions to industry and agriculture, Green Bay is the smallest city to host a National Football League team. Founded in 1919, the 13-time National Champion Green Bay Packers are the only NFL team to be owned by its fans.

Green Bay holds the distinction for being nicknamed “Titletown, U.S.A.” because of their domination of professional football throughout the 1960’s. Packer football has been synonymous with leadership, talent, and winning. Thanks to the likes of Lombardi, Starr, Taylor, Davis, Nitschke, and numerous others who are today, enshrined in the Pro-Football Hall of Fame.

HOME OF THE GREEN BAY PACKERS

Just over one year after Thrillist named Green Bay an untapped beer city on the brink of exploding, Greater Green Bay has turned brewing into an art. There are currently six craft breweries overflowing with success (and suds), located within a few miles of each other and one more just outside Green Bay on the shores of Lake Michigan in the quaint little harbor town of Algoma. Some of their most famous brewing destinations include Titletown Brewing Company, named “Best Brewpub in America” by USA Today in 2016 and again in 2017; Badger State Brewing, located in the shadows of Lambeau Field; Noble Roots Brewing, with their home-brewed favorites and trendy atmosphere; and Stillmank Brewery, which has earned two gold medals at the US Open Beer Championship in 2014 and 2015, and a silver medal at the 2013 World Beer Championship.

A BREWING CITY ON THE BAY

• Green Bay Overview • DemographicsAppleton Overview



Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography page 1 of 1©2018, Sites USA, Chandler, Arizona, 480-491-1112

Thi

s re

port

was

pro

duce

d us

ing

data

from

priv

ate

and

gove

rnm

ent s

ourc

es d

eem

ed to

be

relia

ble.

The

info

rmat

ion

here

in is

pro

vide

d w

ithou

t rep

rese

ntat

ion

or w

arra

nty.

SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 44.2752/-88.4717RS1

4350 W Greenville Dr1 mi radius 3 mi radius 5 mi radius

Appleton, WI 54913

PO

PU

LATI

ON

2017 Estimated Population 1,090 43,826 117,239

2022 Projected Population 1,139 45,530 120,640

2010 Census Population 960 41,187 110,640


Projected Annual Growth 2017 to 2022 0.9% 0.8% 0.6%

Historical Annual Growth 2000 to 2017 3.5% 0.9% 0.8%

2017 Median Age 33.5 36 37

HO

US

EH

OLD

S

2017 Estimated Households 544 18,993 49,092

2022 Projected Households 581 20,189 51,884

2010 Census Households 477 17,509 45,649




RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 81.1% 85.4% 86.8%

2017 Estimated Black or African American 2.7% 2.3% 2.0%

2017 Estimated Asian or Pacific Islander 12.1% 6.0% 5.5%

2017 Estimated American Indian or Native Alaskan 0.4% 0.7% 0.6%

2017 Estimated Other Races 3.7% 5.7% 5.0%

2017 Estimated Hispanic 3.7% 7.0% 6.2%

INC

OM

E 2017 Estimated Average Household Income $61,228 $74,986 $77,094

2017 Estimated Median Household Income $62,793 $63,054 $63,902

2017 Estimated Per Capita Income $30,902 $32,617 $32,534

ED

UC

ATI

ON

(AG

E 2

5+)

2017 Estimated Elementary (Grade Level 0 to 8) 2.8% 2.4% 2.3%

2017 Estimated Some High School (Grade Level 9 to 11) 1.8% 3.8% 4.0%

2017 Estimated High School Graduate 27.4% 29.4% 30.8%

2017 Estimated Some College 17.3% 21.0% 20.5%

2017 Estimated Associates Degree Only 9.3% 11.9% 11.7%

2017 Estimated Bachelors Degree Only 28.1% 22.3% 21.1%

2017 Estimated Graduate Degree 13.4% 9.2% 9.6%

BU

SIN

ES

S 2017 Estimated Total Businesses 737 2,943 5,993

2017 Estimated Total Employees 10,828 40,784 92,107

2017 Estimated Employee Population per Business 14.7 13.9 15.4

2017 Estimated Residential Population per Business 1.5 14.9 19.6BU

SIN

ES

S

Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography page 1 of 1©2018, Sites USA, Chandler, Arizona, 480-491-1112

Thi

s re

port

was

pro

duce

d us

ing

data

from

priv

ate

and

gove

rnm

ent s

ourc

es d

eem

ed to

be

relia

ble.

The

info

rmat

ion

here

in is

pro

vide

d w

ithou

t rep

rese

ntat

ion

or w

arra

nty.

SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 44.2752/-88.4717RS1

4350 W Greenville Dr1 mi radius 3 mi radius 5 mi radius

Appleton, WI 54913

PO

PU

LATI

ON

2017 Estimated Population 1,090 43,826 117,239

2022 Projected Population 1,139 45,530 120,640





2017 Median Age 33.5 36 37

HO

US

EH

OLD

S

2017 Estimated Households 544 18,993 49,092

2022 Projected Households 581 20,189 51,884





RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 81.1% 85.4% 86.8%

2017 Estimated Black or African American 2.7% 2.3% 2.0%

2017 Estimated Asian or Pacific Islander 12.1% 6.0% 5.5%

2017 Estimated American Indian or Native Alaskan 0.4% 0.7% 0.6%

2017 Estimated Other Races 3.7% 5.7% 5.0%

2017 Estimated Hispanic 3.7% 7.0% 6.2%

INC

OM

E 2017 Estimated Average Household Income $61,228 $74,986 $77,094

2017 Estimated Median Household Income $62,793 $63,054 $63,902

2017 Estimated Per Capita Income $30,902 $32,617 $32,534

ED

UC

ATI

ON

(AG

E 2

5+)

2017 Estimated Elementary (Grade Level 0 to 8) 2.8% 2.4% 2.3%

2017 Estimated Some High School (Grade Level 9 to 11) 1.8% 3.8% 4.0%

2017 Estimated High School Graduate 27.4% 29.4% 30.8%

2017 Estimated Some College 17.3% 21.0% 20.5%

2017 Estimated Associates Degree Only 9.3% 11.9% 11.7%

2017 Estimated Bachelors Degree Only 28.1% 22.3% 21.1%

2017 Estimated Graduate Degree 13.4% 9.2% 9.6%

BU

SIN

ES

S 2017 Estimated Total Businesses 737 2,943 5,993

2017 Estimated Total Employees 10,828 40,784 92,107

2017 Estimated Employee Population per Business 14.7 13.9 15.4

2017 Estimated Residential Population per Business 1.5 14.9 19.6

RA

CE

& E

TH

NIC

ITY

INC

OM

EH

OU

SE

HO

LDS

PO

PU

LAT

ION

1 Mile 3 Miles 5 Miles

-- DEMOGRAPHICS --

The Fox Cities Region has a population of nearly 310,000 people.

The Median HH Income is $59,835 which surpasses the state & national average by 1%.

There are 196,472 people living within 50 miles of Appleton.

The most common employment sectors are:

Manufacturing 21.7% Healthcare & Social Assistance 12.5% Retail Trade 11.4%

Appleton has an unemployment rate of 2.9%

Green Bay Overview DemographicsAppleton Overview

Lee & Associates hereby advises all prospective purchasers of Net-Leased Invesment property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of an investment property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase.This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of an investment property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any investment property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this investment property.

Exclusively Listed By:

No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice.

BARR&BENNETTNETLEASEDINVESTMENTS

A Lee & Associates Team

RYAN BARRPrincipal

[email protected]

Lic#01338994

RYAN BENNETTPrincipal

[email protected]

Lic#01826517

BROKER OF RECORD: Lee & Associates of Madison LLC

WI Brokers Lic#701361-91

investment opportunity dick’s sporting goods€¦ · the subject property is leased to dick’s...

Documents