property overview metro park office building
TRANSCRIPT
Property Overview
METRO PARK OFFICE BUILDING
4.5 MILES FROM WALMART HOME OFFICE
600 S. 52nd Street | Rogers, Arkansas
479 845 3000sagepartners.com
Marshall SaviersPresident, [email protected]
Matt [email protected]
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
TENANT SQFT ANNUAL INCREASES
% OF BLDG.
CURRENT LEASE TERM
LEASE TYPE
Smucker Sales and Distribution Company 20,130 2% 70.68% 03/16 - 03/26 Gross
Integer Group, LLC 2,600 2% 9.13% 09/18 - 09/19 Gross
HCH Consulting, Inc. 500 2% 1.76% mo/mo Gross
Vacant 5,250 18.43%
TOTALS 28,480
sagepartners.comPROPERTY OVERVIEW
Located in the fast growing Northwest Arkansas MSA, the property consists of one 28,480 SF building situated on 2.78± acres.
ADDRESS 600 S. 52nd Street, Rogers AR
BUILDING SIZE 28,480 SF
LAND AREA 2.78± acres
YEAR BUILT 2007
OCCUPANCY 81.5% (71% is leased to Smuckers)
USE Sales office near Walmart & Sam’s Club HQ
PARKING 90 Spaces
IMPROVED ACCESS New Overpass Connecting in Office Park
(Construction Underway)
FINANCIALS Available with signed Confidentiality Agreement
Purchase Price: $6,850,000
Rent Roll
*information deemed reliable but not guaranteed
sagepartners.comPROPERTY PHOTOS
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sagepartners.comSITE
AVAILABLE SMUCKER’S
INTEGER
SMUCKER’S
sagepartners.comFLOOR PLAN
SMUCKER SALES & DISTRIBUTION COMPANY
Square Feet: 20,130Original Lease: 2/11 - 2/26Website: www.smuckers.com
Smucker Sales & Distribution Company is a wholly owned subsidiary of The J.M. Smucker Company. The J.M. Smucker Company is an iconic American company that was founded in 1897. For more than 120 years, the company has remained under the leadership of the founding family - the Smucker’s. Today, the company remains rooted in their Basic Beliefs of Quality, People, Ethics, Growth, and Independence established by their founder, Jerome Monroe Smucker, more than a century ago. The company is guided by a vision to engage, delight, and inspire consumers through trusted food and beverage brands. Smucker has grown to be a well-respected North American marketer and manufacturer. Their balanced portfolio of leading and emerging, on-trend brands spans pet food and pet snacks, coffee, and consumer food and natural beverages. Smucker’s currently represents the #1 Market Share in Dog Snacks, Peanut Butter, At-Home Coffee and Fruit Spreads.
2018 Overview:
• $7.4 Billion Net Sales• More than 30 locations across North America • Fortune 500 Company• More than 7,000 employees• $12 Billion Market Cap
THE INTEGER GROUP
Square Feet: 2,600Original Lease: 8/12 - 8/19Website: https://integer.com
Founded in 1993, The Integer Group is one of the world’s largest promotional, retail, and shopper marketing agencies. It provides services in promotional marketing, retail & shopper marketing, account leadership, project management, creative, media, digital, art production services, public relations and insight & strategy. A key member of Omnicom Group Inc., Integer has more than 1,100 associates in 25 offices across the globe, including locations in Africa, Asia, Australia, Europe, the Middle East, and North and South America.
Integer describes themselves as curious, inventive and brave. They utilize cultural insights to fuel creative ideas that build brands and connect with people where they are living, looking and buying, accelerating shoppers toward commerce. Integer calls this connected creativity, and it places them at the intersection of Branding and Selling. The Integer Group’s clients include Kellogg’s, Procter & Gamble, Starbucks, PepsiCo and more.
sagepartners.comTENANT PROFILES
National publications, economists and university researchers recognize Northwest Arkansas as one of the nation’s most successful regions. They are consistent with their praise of Northwest Arkansas, its counties and cities, its economy and businesses, and its quality of life.
NORTHWEST ARKANSAS
BEST IN THE U.S.Lonely Planet, the world’s largest publisher of travel-related books and guides, in February 2016 rankedNorthwest Arkansas at No. 7 in its list of “Best in the U.S.”
BEST CITIES FOR JOBSNorthwest Arkansas in 2017 sat at No. 6 in a ranking of the nation’s Best Cities for Jobs, according to NewGeography.com.
BEST PLACES TO LIVEU.S. News & World Report put the Fayetteville-Springdale-Rogers (Northwest Arkansas) Metropolitan Statistical Area at No. 5 on its 2017 list of Best Places to Live.
FASTEST-GROWING ECONOMY THROUGH 2021The Fayetteville-Springdale-Rogers Metropolitan Statistical Area (Northwest Arkansas) economy, according to a report by IHS Global Insight for the U.S. Conference of Mayors.
Visit http://www.nwacouncil.org/our-regions-ranking/ for more information.
BELLA VISTAThis city, on the northern end of the Northwest Arkansas region, was selected as one of the nation’s 25 Best Places to Retire in 2017 by Forbes. The affordability of housing was a significant factor in the ranking.
BENTONVILLENerdWallet put Bentonville at No. 9 on its list of Best Small Cities for Families in
October 2017. The online publication ranked cities with populations between 25,000 and 75,000 residents.
National Geographic selected Bentonville as one of America’s 20 Best Mountain Bike Towns in May 2017.
FAYETTEVILLEMoney magazine selected Fayetteville as No. 1 on its ranking of Best Places for
Singles Right Now in February 2018.
Money magazine ranked Fayetteville No. 43 of the Top 70 in its September 2017 Best Places to Live.
ROGERSMoney magazine ranked Rogers No. 45 of the Top 70 in its September 2017 Best Places to Live.
S ILOAM SPRINGSMoney magazine ranked Siloam Springs No. 68 of the Top 70 in its September
2017 Best Places to Live.
SPRINGDALEWalletHub ranked Springdale as the nation’s 17th on a list of the Fastest-
Growing Cities in America among 515 cities evaluated in 2017. It sits at No. 6 among small cities.
Money magazine ranked Springdale No. 58 of the Top 70 in its September 2017 Best Places to Live.
SAGEPARTNERS.COM
sagepartners.comAREA DEMOGRAPHICS
Headquarters
76,000VehiclesPer Day
80,000VehiclesPer Day
NEW HOPE RD
W WALNUT ST
S W
ALT
ON
BLV
D
SE 14TH ST
64,000VehiclesPer Day
Existing Headquarters
NewHeadquarters
Site
SUBJECTPROPERTY
sagepartners.comAERIAL
New Overpass - Construction Underway
SUBJECTPROPERTY
sagepartners.comAERIAL - MASTER STREET PLAN
A FIRM POWERED BY EXPERIENCE
Sage Partners (“Sage”) specializes in providing commercial real estate brokerage, management and development services in the state of Arkansas. Sage combines the technical, market, financial, and industry expertise of seasoned professionals to create a full-service commercial real estate company. The Sage team has many years of in-depth experience that provides solutions through a combination of services.
Diversified experience provides Sage with a unique perspective combining an insight of national trends with unparalleled local knowledge. Additionally, Sage brings a unique database of brokers, clients, contacts, bankers, and investors from vast local, regional, and national experiences. This combination brings real solutions to clients’ needs and ensures thorough market penetration in all respects.
WHY USE SAGE - PEOPlE
We are proud of the success the company has had because it is based on a very simple equation of “good people + hard work + intelligent, long term vision equals long term success.” What impresses people is consistent hard work, market knowledge, quality and the character of team members.
OUR MISSION
“Our team will work with faith and integrity, utilizing our expe-rience and expertise to provide superior real estate services to the benefit of our clients, families, and community.”
CORE VALUES
Practice Integrity - We always try to do what’s right..in all settings, no matter the cost
Clients are Supreme - We want our clients to see that we are outstanding with our experience, knowledge, effort and results
Be Entrepreneurial - We are proactive and creative in solving problems and seizing opportunities
Teamwork Wins - We can achieve more with all of us than individually
Give Back - We want to invest in our community with meaningful generosity
sagepartners.comCOMPANY OVERVIEW
Little Rock, Arkansas
2226 Cottondale Lane, Suite 210Little Rock, Arkansas 72202
501.716.5511
Marshall Saviers President, Principal
• BBA from Southern Methodist University.• 15 Years combined experience in commercial real estate in the Arkansas and
Dallas markets with a focus on tenant representation and investment sales.• Facilitated hundreds of transactions across the country with numerous Fortune
500 companies.• Involved in investment sales of over $100 million in the past twelve months.• Oversees brokerage operations for Sage Partners.• Client Experience: Unilever, Clorox, Nike, Procter & Gamble, Mercy Health
System Kellogg’s, Kimberly Clark, Abbott Labs, Bayer Healthcare, Shell, Dr. Pepper, Vestcom, Exxon, Fedex, Tyson Foods, Revlon, PricewaterhouseCoopers and many others.
Bentonville, Arkansas
609 SW 8th Street, Suite 130Bentonville, Arkansas 72712
479.464.9700
Matt ImhoffAssociate
• BS in Electrical Engineering from the University of Arkansas• MS in Technological Entrepreneurship from Northeastern University in Boston, MA• Involved in investment sales of over $100 million in past twelve months • Focus on investment sales, office, industrial and retail• Candidate for Certified Commercial Investment Member (CCIM)
Rogers, Arkansas
5100 W JB Hunt Drive, Suite 800Rogers, Arkansas 72758
479.845.3000
CUSHMAN & WAKEFIElD | SAGE PARTNERS DISClOSURE
Cushman & Wakefield | Sage Partners has been engaged by the owner of the Property to market it for sale. Information concerning the Property has been obtained from sources other than Sage Partners and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any references to age, square footage, income, expenses and any other Property specific information are approximate. Any opinions, assumptions, estimates, or financial information contained herein are projections only and are provided for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. Buyers should conduct their own independent investigation and inspection of the Property in evaluating a possible purchase. The information contained herein is subject to change.
sagepartners.comCONTACT INFORMATION