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STARBUCKS | AT&T RETAIL CENTERWALMART & LOWES ANCHOR
11661 E Kellogg Dr • Wichita, KS 67207
Offering Memorandum
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STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHOREDWichita, KSACT ID Z0540011
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of anycorporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates orsubsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information aboutthis listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information hasbeen secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. Referencesto square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
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P R E S E N T E D B Y
Daniel GreenamyreNational Retail GroupKansas City OfficeTel: (816) 410-1028Cell: (913) [email protected]: KS SP00236311
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TABLE OF CONTENTS
MARKET OVERVIEW 07Market Analysis
Demographic Analysis
SECTION SECTION
THE MARCUS & MILLICHAP ADVANTAGE 01
MARKETING TEAM 02Organizational Chart
Bio Page
MARKETING PLAN 03
INVESTMENT OVERVIEW 04Property Overview
Location Overview
Regional Map
Local Map
Aerial Photo
Site Plan
FINANCIAL ANALYSIS 05Tenant Summary
Lease Expiration Chart
Operating Statement
Notes
Pricing Detail
Proposal Price
MARKET COMPARABLES 06Sales Comparables
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STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
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INVESTMENT
OVERVIEW
PROPERTY OVERVIEW
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
PROPERTY OVERVIEW
Marcus & Millichap is pleased to present the Starbucks AT&T Retail center of Wichita, Kansas, located between the major thoroughfares of E. Kellogg Ave(Hwy 54), the toll road off I-35 and the signalized intersection of Greenwich Rd.
The Starbucks | AT&T retail center consists of a 100% occupied multi-tenant investment property with approximately 8,186 square feet of rentable space. Thesubject property is anchored by a Walmart Supercenter, Lowe's, PetSmart, Michael’s and dozens of national retailers and restaurants within One Kellogg Placepower center development. The subject property shares a three (3) mile radius with Whole Foods, Super Target, Cabela’s, Costco, Ross, TJ Maxx, the factoryairport for Beechcraft jets and new luxury car dealership selling Porsche, BMW, Land Rover, Audi, Jaguar.
The Starbucks | AT&T retail center claims the most accessible and visible pad site which is situated adjacent to the monument sign entrance of One KelloggPlace. The property is currently leased to Starbucks, AT&T, GameStop, and Great Clips. Starbucks (NASDAQ: SBUX) executed a new 10-year lease with10% rent escalations every five years. Construction is underway for the interior, drive-thru and scheduled to be complete by the summer of 2018. AT&T(NYSE: T) is operated by AT&T Mobility, a wholly owned subsidiary of AT&T with over 5,000 retail locations. Game Stop (GameStop NYSE: GME) has over7,276 retail locations worldwide and Great Clips with over 3,700 locations nationwide. All tenants are under a triple-net lease and pay their pro-rata share oftaxes, insurance, CAM and management expenses.
Wichita is the largest city in the state of Kansas. For over 1.3 million people, Wichita is the closest city proving access to upscale shopping, major airlines,specialized health care and premier entertainment. The three-mile average household income is $99,946. Kellogg Ave is undergoing major improvements toaccommodate an increase in population. Traffic is projected to jump from 40,000 VPD currently to an estimated “110,000 by the year 2040” (KDOT)
PROPERTY OVERVIEW
▪ 100% Occupied | 100% National Tenants | NNN Leases | Walmart SuperCenter & Lowes Anchored Regional Power Center
▪ Starbucks (NASDAQ: SBUX) New 10-year Lease | Drive Thru
▪ AT&T (NYSE: T) Original Tenant | 4 Five Yr Options
▪ GameStop (NYSE: GME) & Great Clips Original Tenants
▪ Subject Property Boast Premier Access and Visibility Of Power Center
▪ Densely Populated Residential Area | Wichita Largest City In State OfKansas | Avg. HHI $99,946 in 3 Mile Radius
▪ Located On Main Thoroughfare | I-35 Toll Road Access | Traffic Count Setto increase 275% in the next 20 years
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LOCATION OVERVIEW
CLOSE PROXIMITY TO:
11661 E Kellogg Dr, Wichita, KS 67207
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMESTARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
PRICING AND VALUATION MATRIX
PROPERTY NAMESTARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
LOCATION OVERVIEW
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LOCAL MAP
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AERIAL PHOTO
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Subject 40,000 VPDE. Kellogg Ave
Burger King
McDonald’s
AERIAL – NW
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Parking Lot Expansion See Site Plan, p. 16
Burger King
Representative Photo
SubjectSummer 2018
3 MILE RADIUS - AERIAL – NW
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
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Factory Airport
Subject Property
ONE KELLOGG PLACE
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STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
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PROPERTY PHOTOS
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Starbucks Under Construction - May 16, 2018
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DRAWINGS 1
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STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
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DRAWINGS 2
SITE PLAN
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POWER CENTER - ONE KELLOGG PLACE
One Kellogg Place, a 72 acre power center,
opened in 2002 in Wichita, KS. Prominently
located at the juncture of three of Wichita’s
busiest roadways, One Kellogg Place
provides convenient shopping and dining
options to East Wichita and surrounding
communities. Anchored by Walmart
Supercenter and Lowe’s Home
Improvement, the development also
features Michaels Arts & Crafts, Slumberlandand many small shops and restaurants.
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
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FINANCIAL
ANALYSIS
FINANCIAL ANALYSIS
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
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TENANT SUMMARY
FINANCIAL ANALYSIS
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
PRICING DETAIL
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FINANCIAL ANALYSIS
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
OPERATING STATEMENT
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TENANT PROFILE
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Starbucks
General Information
Tenant Name Starbucks Corporation
Website https://www.starbucks.com/
Parent Company Starbucks Corp
Headquartered Seattle, Washington
Rentable Square Feet 2,070 SF
Percentage of RBA 25.30%
Lease Commencement 9/28/2018
Lease Expiration 2/16/2029
No. of Locations 26,696
Starbucks Corporation is an American coffee company and coffeehouse
chain. Starbucks was founded in Seattle, Washington in 1971. As of 2017,
the company operates 27,339 locations worldwide. Starbucks distinguishes
itself by taste, quality, and customer experience while targeting quality-
minded coffee drinkers, hot and cold drinks, full- and loose-leaf teas,
Evolution Fresh juices, Frappuccino beverages, and an expanded menu for
Breakfast and Lunch.
AT&T
General Information
Tenant Name AT&T
Website https://www.att.com/wireless/
Parent Company AT&T
Headquartered Brookhaven, Georgia
Rentable Square Feet 3,282 SF
Percentage of RBA 40.00%
Lease Commencement 8/8/2005
Lease Expiration 8/31/2021
No. of Locations 5,000
A wholly owned part of AT&T, AT&T Mobility provides wireless services to
138.8 million subscribers in the United States, Puerto Rico and the U.S.
Virgin Islands. AT&T Mobility is the second largest wireless
telecommunications provider in the United States. Customers purchase
wireless services as well as signing up for home phone, internet, U-verse
and Direct TV, as of 2015.
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TENANT PROFILE
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
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GameStop
General Information
Tenant Name GameStop
Website https://www.gamestop.com/
Parent Company GameStop Corp.
Headquartered Grapevine, Texas
Rentable Square Feet 1,588 SF
Percentage of RBA 19.40%
Lease Commencement 7/25/2005
Lease Expiration 12/31/2020
No. of Locations 7,276
GameStop is an American video game, consumer electronics retailer. The
company operates 7,276 retail stores throughout the United States,
Canada, Australia, New Zealand, and Europe. The company's retail stores
primarily operate under the GameStop, EB Games, ThinkGeek, and
Micromania brands. In addition to retail stores, GameStop also owns Game
Informer, a video game magazine; Simply Mac, an Apple products reseller.
Great Clips
General Information
Tenant Name Great Clips
Website https://www.greatclips.com/
Parent Company Great Clips (Private Company)
Headquartered Bloomington, Minnesota
Rentable Square Feet 1,246 SF
Percentage of RBA 15.20%
Lease Commencement 8/13/2005
Lease Expiration 12/31/2020
No. of Locations 4,100 +
Great Clips is a hair salon franchise with over 4,100 locations across the
United States and Canada. In 2013, it had system-wide sales of $1.03
billion. Over 30,000 stylists are employed by Great Clips salons. The
salons have been noted as a good investment as they are a low-cost
franchise with high growth potential. In 2011, Great Clips launched Online
Check-In, the industry's first real-time check-in application.
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MARKET
COMPARABLES
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
SALES COMPARABLES MAP
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STARBUCKS | AT&T RETAIL CENTER (SUBJECT)
Starbucks Retail - Texas
New Starbucks & Mattress Direct – MissouriStarbucks & Mattress Firm – Oklahoma Starbucks & Marco's Pizza – South CarolinaStarbucks | Chipotle -KansasStarbucks Center -Michigan
Starbucks & Chipotle - Ohio
Starbucks | AT&T -AlabamaStarbucks Retail Center -ColoradoStarbucks | Freddy’s- New MexicoStarbucks | Jimmy John's | Mattress Firm – North Carolina
SALES COMPARABLES
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7
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6
9
10
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Avg. 5.94%
0.0
0.7
1.4
2.1
2.8
3.5
4.2
4.9
5.6
6.3
7.0
SUBJECT PROPERTY
StarbucksRetail at
Hudson Oaks
NewStarbucks& Mattress
Direct- St.
Louis, MO
Starbucks &Mattress
Firm -Tulsa, OK
Starbucks &Marco'sPizza
Starbucks| Chipotle
StarbucksCenter
Starbucks& Chipotle
- Ohio
Starbucks| AT&T
StarbucksRetail
Center -Colorado
Starbucks| Freddy's
Starbucks |JimmyJohn's |Mattress
Firm
PROPERTY NAMESTARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
SALES COMPARABLES
Average Cap Rate
SALES COMPARABLES SALES COMPS AVG
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Avg. $583.41
$0.00
$80.00
$160.00
$240.00
$320.00
$400.00
$480.00
$560.00
$640.00
$720.00
$800.00
SUBJECT PROPERTY
StarbucksRetail at
Hudson Oaks
NewStarbucks& Mattress
Direct- St.
Louis, MO
Starbucks &Mattress
Firm -Tulsa, OK
Starbucks &Marco'sPizza
Starbucks| Chipotle
StarbucksCenter
Starbucks& Chipotle
- Ohio
Starbucks| AT&T
StarbucksRetail
Center -Colorado
Starbucks| Freddy's
Starbucks |JimmyJohn's |Mattress
Firm
PROPERTY NAMESTARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
SALES COMPARABLES
Average Price Per Square Foot
SALES COMPARABLES SALES COMPS AVG
PROPERTY NAME
MARKETING TEAM
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
SALES COMPARABLES
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SALES COMPARABLES
Annual Per SFNOI $228,838 $27.95
Occupancy 100.0%
Tenants Lease TypeAsking Price: $3,813,950 Starbucks NNN
Price/SF: $465.91 GreatClips NNN
CAP Rate: 6.00% Game Stop NNN
Year Built: 2005 ATT/New Cincular NNN
SUBJECT PROPERTY
11661 E Kellogg Dr, Wichita, KS, 672071
Annual Per SFNOI $294,706 $32.35
Occupancy 100%
NOTESShadowed by Walmart Supercenter100 Percent Occupied | All Leases are Triple Net65 Percent of the GLA has Credit TenantsFreeway Location on US Highway 180
Tenants Lease TypeClose Of Escrow: 4/18/2018 Starbucks NNN
Days On Market: 100 GNC NNN
Sales Price: $4,855,123 Metro PCS NNN
Price/SF: $533.00 SportClips NNN
CAP Rate: 6.07% 702 Nails NNN
Year Built: 2017 Hacienda Pools NNN
STARBUCKS RETAIL AT HUDSON OAKS2970 Fort Worth Highway, Hudson Oaks, TX, 76087
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Annual Per SFNOI $207,270 $47.70
Occupancy 100%
NOTES100% Occupied | New Starbucks With Drive-Thru | 10% Increases Every 5 Years Outparcel to Office Park with 8 Office Buildings & Holiday Inn, Across from 356,877 SF Mixed-Use Class-A Office Park
Tenants Lease TypeClose Of Escrow: 11/3/2017 Starbucks NNN
Days On Market: 107 Mattress Direct NNN
Sales Price: $3,275,000
Price/SF: $753.74
CAP Rate: 6.33%
Year Built: 2016
NEW STARBUCKS & MATTRESS DIRECT10775 & 10779 Watson Road, St. Louis, MO, 63127
NOTESShadowed by Walmart Supercenter | New Starbucks Drive-Thru100 Percent Occupied | All Leases are Triple Net100% National Tenants | Excellent Access
PROPERTY NAME
MARKETING TEAM
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
SALES COMPARABLES
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SALES COMPARABLES
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Annual Per SFNOI $202,000 $33.67
Occupancy 100%
NOTES100% Leased - New 10-Year Leases with Starbucks Drive ThruOut Parcel to Target, Reasors Foods, Gordmans and SearsExcellent Frontage on S. Yale Avenue, Visible to 21,000 Cars per Day
Tenants Lease TypeClose Of Escrow: 2/1/2017 Starbucks NNN
Days On Market: 188 Mattress Firm NNN
Sales Price: $3,295,000
Price/SF: $549.17
CAP Rate: 6.13%
Year Built: 2015
STARBUCKS & MATTRESS FIRM1881 South Yale Avenue, Tulsa, OK, 74112
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Annual Per SFNOI $120,000 $19.48
Occupancy 100%
NOTES100% Occupied | Starbucks Drive Thru | New 10 Year LeaseFull Asking Price | 6% Cap Rate, Marco's Pizza is Local 2 Unit Operator
Tenants Lease TypeClose Of Escrow: 3/1/2018 Starbucks NNN
Sales Price: $2,000,000 Marco's Pizza NNN
Price/SF: $324.68
CAP Rate: 6.00%
Year Built: 2017
STARBUCKS & MARCO'S PIZZA105 McMillin Road Ext, Boiling Springs, SC, 29316
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Annual Per SFNOI $170,675 $39.01
Occupancy 100%
NOTES100% Occupied | Starbucks Drive Thru &ChipotleOut-parcel to Target | 10-Year Starbucks LeaseJust off U.S. HWY 69 | Strong Daytime Population
Tenants Lease TypeClose Of Escrow: 5/31/2018 Starbucks NNN
Days On Market: 30 Chipotle NNN
Sales Price: $2,917,521
Price/SF: $666.86
CAP Rate: 5.85%
Year Built: 2018
STARBUCKS | CHIPOTLE8301 W 151st St, Overland Park, KS, 66223
PROPERTY NAME
MARKETING TEAM
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
SALES COMPARABLES
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SALES COMPARABLES
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Annual Per SFNOI $206,605 $35.00
Occupancy 100%
NOTESNYSE: SBUX | Standard & Poor's A Rated | 2016 Revenue of $19.16 Billio Prime Location | Busy Corner of Beck Road and Grand River Avenue
Tenants Lease TypeClose Of Escrow: 8/9/2017 Starbucks NNN
Sales Price: $3,250,000 Urgent Care NNN
Price/SF: $550.57 Royal Nails NNN
CAP Rate: 6.36%
Year Built: 2016
STARBUCKS CENTER27200 Beck Rd, Novi, MI, 48374
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Annual Per SFNOI $163,080 $36.02
Occupancy 100%
NOTESChipotle & Starbucks with Drive-Thru | 10-Year NNN Leases Featuring 10% Increases Every 5 Years | Located Directly off I-71 & S.R. 665 off Signalized Corner
Tenants Lease TypeClose Of Escrow: 3/15/2018 Starbucks NNN
Sales Price: $2,950,000 Chipotle NNN
Price/SF: $651.50
CAP Rate: 5.53%
Year Built: 2017
STARBUCKS & CHIPOTLE 3015 Meadow Pond Ct, Grove City, OH, 43123
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Annual Per SFNOI $144,054 $33.14
Occupancy 100%
NOTES100% leased with 10 year primary terms | Starbucks and AT&T10% escalations every five (5) years to national tenants
Tenants Lease TypeClose Of Escrow: 4/13/2018 Starbucks NNN
Sales Price: $2,385,000 AT&T NNN
Price/SF: $548.65
CAP Rate: 6.04%
Year Built: 2017
STARBUCKS | AT&T1121 S College St, Auburn, AL, 36832
PROPERTY NAME
MARKETING TEAM
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
SALES COMPARABLES
rentpropertyname1
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SALES COMPARABLES
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Annual Per SFNOI $171,525 $26.38
Occupancy 100%
NOTES100% Occupied High-Quality Building with High Credit National Tenant Mix | King Soopers (Kroger) Shadow Anchored Shoppette | High-Traffic Location
Tenants Lease TypeClose Of Escrow: 7/20/2017 Starbucks NNN
Sales Price: $3,000,000 Super Cleaners NNN
Price/SF: $461.40 Sport Clips NNN
CAP Rate: 5.71% Panda Express NNN
Year Built: 2001
STARBUCKS RETAIL CENTER3560 E Woodmen Rd, Colorado Springs, CO, 80920
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Annual Per SFNOI $220,116 $39.71
NOTESProperty is fully leased on a NNN basis to Starbucks and Freddy's Frozen Custard. Starbucks has a 10 year lease deal and Freddy's has a 15 year
Tenants Lease TypeSales Price: $4,233,000 Starbucks NNN
Price/SF: $763.67 Freddy's NNN
CAP Rate: 5.20%
Year Built: 2018
STARBUCKS | FREDDY'S2550 Central Ave SE, Albuquerque, NM, 87106
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Annual Per SFNOI $270,600 $37.78
Occupancy 100%
NOTES100% Occupied | NNN Leases | Adjacent Of Super Target & Shopping Center | 3 National Tenants
Tenants Lease TypeClose Of Escrow: 3/15/2018 Starbucks NNN
Sales Price: $4,400,000 Jimmy John's NNN
Price/SF: $614.27 Mattress Firm NNN
CAP Rate: 6.15%
Year Built: 2016
STARBUCKS | JIMMY JOHN'S | MATTRESS FIRM13129 S Tryon St, Charlotte, NC, 28278
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
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MARKET
OVERVIEW
PROPERTY NAME
MARKETING TEAM
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
WICHITA TRADE AREA
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MARKET OVERVIEW
OVERVIEWWICHITA
DEMOGRAPHICS
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ECONOMY
METRO HIGHLIGHTS
* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
Boasting a diverse economic base of manufacturing, aircraft, healthcare
and professional services, the Wichita market is composed of five
counties and supports a population of roughly 649,000 people. In
addition, the metro is growing faster than the national average, with gains
of more than 21,100 people forecast by 2022. Wichita State University
also lies within the city limits, enrolling a student body of nearly 14,500 in
both graduate and undergraduate programs.
DIVERSE MANUFACTURING BASEManufacturers of aviation, air-conditioners, turf equipment, food products and telecommunications are active in the metro.
EDUCATIONAL CENTERHome to Wichita State University, education is a key driver of the economy. Public school districts and the university provide more than 10,000 jobs.
LARGE GOVERNMENT PRESENCEMore than 7,000 workers are employed by the state of Kansas and the U.S. government, providing a large contingent of employment to the metro.
▪ Aviation is a integral part of the economy, with Spirit AeroSystems, Cessna Aviation and Beechcraft Corp.
hiring more than 25,000 workers. Boeing and Bombardier Aerospace also have a combined 5,500 employees.
▪ Via-Christi Health is one of the largest employers in the Wichita metro, with more than 10,000 workers on
local payrolls.
▪ Numerous other active distribution and manufacturing companies in the metro include Cargill Meat Solutions,
Koch Industries Inc., and York International. Together these firms employ approximately 4,000 people.
▪ Several telecommunications firms have established a base of operations in the market. Both T-Mobile and Cox
Communications have payrolls exceeding 800 positions each.
2017POPULATION:
251K2017
HOUSEHOLDS:
35.52017
MEDIAN AGE:
$54,700 2017 MEDIAN
HOUSEHOLD INCOME:
U.S. Median:
37.8U.S. Median:
$56,3004.5%Growth
2017-2022*:
3.3%Growth
2017-2022*:
649K
MARKET OVERVIEW
PROPERTY NAME
MARKETING TEAM
STARBUCKS | AT&T RETAIL CENTER - WALMART ANCHORED
DEMOGRAPHICS
Source: © 2017 Experian
Created on May 2018
POPULATION 1 Miles 3 Miles 100 Miles▪ 2022 Projection
Total Population 4,309 51,577 1,315,263▪ 2017 Estimate
Total Population 3,935 48,008 1,294,015▪ 2010 Census
Total Population 3,659 45,890 1,277,359▪ 2000 Census
Total Population 2,850 36,361 1,225,600▪ Current Daytime Population
2017 Estimate 3,900 46,574 1,312,711HOUSEHOLDS 1 Miles 3 Miles 100 Miles▪ 2022 Projection
Total Households 1,551 20,524 524,165▪ 2017 Estimate
Total Households 1,404 19,057 510,079Average (Mean) Household Size 2.75 2.50 2.47
▪ 2010 CensusTotal Households 1,298 18,204 502,533
▪ 2000 CensusTotal Households 1,054 14,839 480,565
▪ Occupied Units2022 Projection 1,551 20,524 524,1652017 Estimate 1,538 20,179 570,420
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 100 Miles▪ 2017 Estimate
$150,000 or More 10.23% 14.86% 5.63%$100,000 - $149,000 14.09% 17.07% 11.40%$75,000 - $99,999 11.47% 11.97% 12.51%$50,000 - $74,999 29.07% 20.25% 20.60%$35,000 - $49,999 13.76% 11.41% 14.95%Under $35,000 21.35% 24.43% 34.92%
Average Household Income $87,188 $99,946 $66,325Median Household Income $61,720 $66,724 $50,144Per Capita Income $31,103 $39,691 $26,504
HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 100 MilesTotal Average Household Retail Expenditure $74,078 $75,273 $62,642▪ Consumer Expenditure Top 10 Categories
Housing $19,381 $19,763 $16,484Transportation $12,851 $13,344 $11,160Shelter $10,802 $10,977 $9,132Personal Insurance and Pensions $8,419 $9,135 $6,415Food $7,272 $7,377 $6,421Health Care $5,092 $5,124 $4,535Utilities $4,211 $4,256 $3,713Entertainment $3,075 $3,180 $2,685Household Furnishings and Equipment $2,143 $2,262 $1,815
Apparel $1,791 $1,807 $1,445POPULATION PROFILE 1 Miles 3 Miles 100 Miles▪ Population By Age
2017 Estimate Total Population 3,935 48,008 1,294,015Under 20 29.41% 26.68% 27.65%20 to 34 Years 19.97% 22.05% 20.28%35 to 39 Years 6.89% 6.15% 5.91%40 to 49 Years 12.32% 11.39% 11.10%50 to 64 Years 18.70% 20.14% 19.45%Age 65+ 12.69% 13.60% 15.60%Median Age 35.41 35.97 36.69
▪ Population 25+ by Education Level2017 Estimate Population Age 25+ 2,563 31,719 844,766Elementary (0-8) 1.68% 1.35% 3.08%Some High School (9-11) 7.36% 4.40% 7.48%High School Graduate (12) 24.35% 18.82% 30.04%Some College (13-15) 26.98% 24.30% 25.87%Associate Degree Only 7.47% 8.35% 8.02%Bachelors Degree Only 19.99% 26.49% 16.65%Graduate Degree 10.67% 15.39% 7.98%
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IncomeIn 2017, the median household income for your selected geography is$61,720, compare this to the US average which is currently $56,286.The median household income for your area has changed by 35.54%since 2000. It is estimated that the median household income in yourarea will be $70,117 five years from now, which represents a changeof 13.60% from the current year.
The current year per capita income in your area is $31,103, comparethis to the US average, which is $30,982. The current year averagehousehold income in your area is $87,188, compare this to the USaverage which is $81,217.
PopulationIn 2017, the population in your selected geography is 3,935. Thepopulation has changed by 38.07% since 2000. It is estimated that thepopulation in your area will be 4,309.00 five years from now, whichrepresents a change of 9.50% from the current year. The currentpopulation is 49.64% male and 50.36% female. The median age of thepopulation in your area is 35.41, compare this to the US averagewhich is 37.83. The population density in your area is 1,251.51 peopleper square mile.
HouseholdsThere are currently 1,404 households in your selected geography. Thenumber of households has changed by 33.21% since 2000. It isestimated that the number of households in your area will be 1,551five years from now, which represents a change of 10.47% from thecurrent year. The average household size in your area is 2.75persons.
EmploymentIn 2017, there are 2,293 employees in your selected area, this is alsoknown as the daytime population. The 2000 Census revealed that59.86% of employees are employed in white-collar occupations in thisgeography, and 40.48% are employed in blue-collar occupations. In2017, unemployment in this area is 2.95%. In 2000, the average timetraveled to work was 20.00 minutes.
Race and EthnicityThe current year racial makeup of your selected area is as follows:61.55% White, 10.60% Black, 0.04% Native American and 16.83%Asian/Pacific Islander. Compare these to US averages which are:70.42% White, 12.85% Black, 0.19% Native American and 5.53%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.
People of Hispanic origin make up 10.51% of the current yearpopulation in your selected area. Compare this to the US average of17.88%.
PROPERTY NAME
MARKETING TEAM
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HousingThe median housing value in your area was $165,200 in 2017,compare this to the US average of $193,953. In 2000, there were 936owner occupied housing units in your area and there were 118 renteroccupied housing units in your area. The median rent at the time was$400.
Source: © 2017 Experian
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Agent
PROFILE
AGENT PROFILE
DANIEL GREENAMYRENATIONAL RETAIL GROUPNET LEASED PROPERTIES GROUPMARCUS & MILLICHAPKANSAS CITY
More Than 1,819 Investment Professionalsin Offices Throughout the U.S. and Canada
More Than 1,819 ProfessionalsThroughout the U.S. & CanadaElectronic Marketing(MNet, E-mail, Posting, etc.)Direct Client Calling Effort
Advertising & Direct MailCooperating Brokerage CommunityConfidentiality RegistrationOffering Memorandum Distribution
MARKETING – TEAM
Commercial Real Estate Investor
Daniel Greenamyre specializes as a broker for the acquisition and disposition
of investment real estate. Daniel has 12 years of experience in Commercial
Real Estate including a principal investor of retail, office and multi-family
property. Clients included Fortune 500 companies, Government Institutions
and national retailers. Daniel has CCIM education, CRE development & portfolio management experience.
Daniel is a sales broker for owners of shopping centers, net-leased and
medical office property. Daniel advises on asset pricing; timing; strategic
acquisition; 1031 exchange; financing; research and extensive marketing
solutions. Daniel combines his experience as investor, manager, developer
and broker in assisting his clients with making intelligent decisions with their investment real estate.
www.MarcusMillichap.com
Daniel GreenamyreNational Retail GroupKansas City OfficeTel: (816) 410-1028Cell: (913) [email protected]: KS SP00236311
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