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BROCHURE 1. PAUL SLEETH INVESTMENT CONTACT Sleeth Retail Investment Team Idaho RE License: SP46882 206.518.9547 [email protected] DAVID BLACK & CHRIS BELL BROKER OF RECORD NAI Black License No. CO11961 105 N. 1st Street, Suite 300, Coeur d’Alene, ID 83814 509.623.1000 196 W IRONWOOD DRIVE | COEUR D’ALENE, IDAHO BROCHURE Single Tenant Absolute Net Lease RETAIL INVESTMENT OPPORTUNITY

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Page 1: Single Tenant Absolute Net Lease - images4.loopnet.comimages4.loopnet.com/d2/E3VIgwohTCSbvIYbc3Wvhu0D8... · Single Tenant Absolute Net Lease ... Corporate Backed Lease Grocery/Drug

B R O C H U R E

1.

PAUL SLEETHINVESTMENT CONTACTSleeth Retail Investment TeamIdaho RE License: [email protected]

DAVID BLACK & CHRIS BELLBROKER OF RECORDNAI BlackLicense No. CO11961105 N. 1st Street, Suite 300, Coeur d’Alene, ID 83814509.623.1000

196 W IRONWOOD DRIVE | COEUR D’ALENE, IDAHO

B R O C H U R E

Single Tenant Absolute Net LeaseR E TA I L I N V E S T M E N T O P P O R T U N I T Y

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B R O C H U R E

2.

HIGHLIGHTS

Corporate Backed Lease

Grocery/Drug Anchored Center

Jack in the Box is located within the Ironwood Square Shopping Center, anchored by Albertsons and Rite Aid, providing draw and stability to the location.

Excellent Location

Single Tenant Absolute Net Lease

Coeur d’Alene

Irownwood Jack in the Box has a captive and protected location near a major I-90 interchange with daily traffic in excess of 43,000 VPD.

Jack in the Box’s single tenant absolute NNN lease provides minimal Landlord responsibility.

The city of Coeur D’Alene has a steady and growing population base and economy with approximately 75,000 people and an unemployment rate of 4.1%.

The Dominant Necessity Based Center

Ironwood Jack in the Box is located in the heart of Coeur d’Alene serving the entire city and benefiting from regional draw with I-90 and Hwy 95 accessibility.

10% Contracted Rental Increase

New 10-year Renewal

10% contracted rental increase in year 5 provides future NOI growth.

Jack in the Box recently signed a 10-year lease renewal at this location.

Jack in the Box is a strong national credit tenant on a corporate backed lease, providing stability to the offering.

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B R O C H U R E

3.

TERMS OF THE OFFERING

$1,955,000ASKING PRICE

5.0%CAP RATE

2,960 SFBUILDING AREA

1.0390 AcresLAND AREA

OFFER ING SUMMARY

Asking Price $1,955,000NOI $97,746Cap Rate 5.0%Financing Offered Free & ClearBuilding Area 2,960 SFLand Area 1.0390 Acres

Option Terms Option 1 | 9/28/2027 – 9/27/2032: $118,273 Annually ($39.96/SF)Option 2 | 9/27/2032 – 2/27/2037: $130,100 Annually ($43.95/SF)

LEASE SUMMARY

Tenancy Jack in the BoxLease Type Absolute Net LeaseLease Term Ten Years with Two Five-Year OptionsLease Expiration Date 9/27/2027

RENT SUMMARY

Current Rent $97,746 Annually ($33.02/SF)9/28/2022-9/27/2027 $107,521 Annually ($36.32/SF)

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B R O C H U R E

4.

SITE AERIAL

IRONWOOD DRIVE

N GOVERNMENT W

AY

90

95

LINCOLN W

AY

B R O C H U R E

4.

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5.

REGIONAL AERIAL

90

LINCOLN WAY

N GOVERNMENT WAY

95

IRONWOOD DRIVE

5 .

B R O C H U R E

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B R O C H U R E

6.

SITE PLANLI

NC

OLN

WAY

(U

S 95

)

NO

RTH

GO

VER

MEN

T W

AY

I R O N W O O D D R I V E

Not A Part (NAP)

226-A3

226-

A2

226-

A1

224-

B2

224-

B1

212-

F

212-

E 212-

D

204-

F

204-

E

204-

D

204-

C

204-

A

202-

G 202-F

202-E

202-D

202-C

202-A

212-

C21

2-B

212-

A

206-

B

226-A4226-A5226-A6226-A7

226-A8

PAD-

A

PAD-C

220 208 206

Not a Part (NAP)

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B R O C H U R E

7.

®

SUPER 1

FOODS

Silverlake Mall

Downtown Coeur d'Alene

Downtown Coeur d'Alene

RETAIL AERIAL

90

90

95

95

95

7.

B R O C H U R E

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B R O C H U R E

8.

1 MILE

3 MILES

5 MILES

DEMOS

Population 1 mile 3 miles 5 miles

2000 Population 9,476 36,539 53,848

2010 Population 10,056 41,794 67,284

2016 Population 11,196 45,652 74,646

2021 Population 12,236 49,255 80,963

2000-2010 Annual Rate 0.60% 1.35% 2.25%

2010-2016 Annual Rate 1.73% 1.42% 1.68%

2016-2021 Annual Rate 1.79% 1.53% 1.64%

2016 Male Population 48.4% 49.0% 49.0%

2016 Female Population 51.6% 51.0% 51.0%

2016 Median Age 35.2 38.0 38.9

Median Household Income 1 mile 3 miles 5 miles

2016 Median Household Income $31,309 $39,624 $44,940

2021 Median Household Income $31,025 $44,159 $52,153

2016-2021 Annual Rate -0.18% 2.19% 3.02%

Average Household Income 1 mile 3 miles 5 miles

2016 Average Household Income $42,830 $57,329 $63,048

2021 Average Household Income $46,552 $63,126 $69,760

2016-2021 Annual Rate 1.68% 1.95% 2.04%

Per Capita Income 1 mile 3 miles 5 miles

2016 Per Capita Income $20,751 $24,803 $25,972

2021 Per Capita Income $22,363 $27,141 $28,570

2016-2021 Annual Rate 1.51% 1.82% 1.93%

95

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B R O C H U R E

9.

196 W IRONWOOD DRIVE | COEUR D’ALENE, IDAHO

PAUL SLEETHINVESTMENT CONTACTSleeth Retail Investment TeamIdaho RE License: [email protected]

DAVID BLACK & CHRIS BELLBROKER OF RECORDNAI BlackLicense No. CO11961105 N. 1st Street, Suite 300, Coeur d’Alene, ID 83814509.623.1000