12th Avenue Retail Shops - OFFERING MEMORANDUM - 6.4% CAP
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OFFERING MEMORANDUM
181 E. MAINE AVE | NAMPA, IDAHO 83686
CLICK TO VIEW
PROPERTY VIDEO
12th
Avenue
Retail Shops
83% 6.4% CAP
LEASED
$2,968,000
Brianna Miller, CLS 208.947.5519
Bob Mitchell, CSM 208.947.0836
tokcommercial.com
TABLE OF CONTENTS
SECTION 1
INVESTMENT OFFERING,
PROPERTY PHOTOS & REGISTRATION
The Offering 1
Property Photographs 5
SECTION 2
FINANCIALS, TENANT PROFILES
& PROPERTY PLANS
Tenant Profiles 8
Property Floor Plan 10
Aerial Locator Maps 11
SECTION 3
DEMOGRAPHICS
& AREA INFORMATION
Demographics 12
Boise Area Information 13
Confidentiality Agreement 14
Rent Roll 15
The information presented has been obtained from sources believed reliable. You are responsible for confirming its accuracy and completeness. Any projections, opinions, assumptions
or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on many factors which should be tokcommercial.com
evaluated through investigation by your advisors.
THE OFFERING TOK Commercial is pleased to offer for sale, the 10,285 square foot, 12th Avenue Retail Shops. This multi-tenant retail building offers the buyer an established property with staggered lease expirations plus a one year rent guarantee on the 1,710 SF vacant space. Shadow anchored by Super Walmart, the property features a variety of local and national retailers including; Great Clips, Cash Store, Metro PCS, Sally Beauty, Little Caesar’s Pizza, and Le’s Nails. tokcommercial.com 12th Avenue Retail Shops [1]
OFFERING SUMMARY
THE OFFERING
OFFERING OVERVIEW
Offering Price: $2,968,000.00 | $288.58 per square foot
Capitalization Rate: 6.4% as of June 1, 2020
Net Operating Income: $190,130.00
* Net Operating Income includes 1 year of
guaranteed rent on 1,710 SF vacancy
Current Occupancy: 83%
Tenants: Sally Beauty, Great Clips, Cash Store,
Little Caesars, MetroPCS, Le’s Nails
Average Lease Rates: $19.13 per square foot, NNN
tokcommercial.com [2]
THE PROPERTY
QUALITY CONSTRUCTION
• Built in 2003
• Well maintained property
RETAIL-CENTRIC LOCATION
• Shadow anchored by Walmart
• Nearby retailers include Panda
Express, KFC/A&W, Dickey’s,
McDonald’s, Del Taco and Walgreens
• 5:1,000 parking ratio
tokcommercial.com [3]
PROPERTY SUMMARY
THE PROPERTY
PROPERTY OVERVIEW
Property Name: 12th Avenue Retail Shops
Property Address: 181 East Maine Avenue,
Nampa, Idaho 83686
Property Description: Multi-tenant Retail Building
Building Size: 10,285 SF Total
Parcel Size: 1.10 acres
Parking: 5:1,000
tokcommercial.com [4]
PROPERTY PHOTOS EXTERIOR tokcommercial.com 12th Avenue Retail Shops [5]
PROPERTY PHOTOS
INTERIOR
SALLY BEAUTY METRO PCS GREAT CLIPS
CASH STORE LE’S NAILS LITTLE CAESAR’S
tokcommercial.com 12th Avenue Retail Shops [6]
SITE
DEMOGRAPHICS HIGHLIGHTS CLICK TO VIEW
PROPERTY VIDEO
108,084 2019 ESTIMATED POPULATION (5 MILE)
$60,382 2019 AVERAGE HOUSEHOLD INCOME (5 MILES)
PYLON SIGN
tokcommercial.com 12th Avenue Retail Shops [7]
TENANT PROFILES
Sally Beauty is the destination for thousands of affordable salon-quality products you
can use at home. Our beauty supply stores offer everything you need for hair care and
hair color, nail care, makeup and pro-quality styling tools like curling wands, flat irons,
salon equipment, salon accessories and more—all backed by a Love It or Return It
Money-Back Guarantee. Let Sally Beauty Supply help you Find Your Beautiful.
We are the largest retailer of professional beauty supplies in the world, operating nearly
3,000 beauty stores throughout the United States, Puerto Rico and Canada alone. Sally
offers more than 9,000 products for hair, skin, and nails to both retail consumers and Little Caesars Pizza has been proudly serving delicious products for more than 50
salon professionals, including unique products like hair extensions, textured multi- years. Throughout its history, Little Caesars has provided quality pizza at a great price,
cultural hair products, nail specialty products like UV lights, nail art, acrylic nails & gel resulting in outstanding value for customers.
polishes, waxing products, and a large variety of brushes, combs, hair clippers and
trimmers. Quality and value are core beliefs at Little Caesars, but the brand also represents
passion, fun, commitment and a focus on family.
Today, Little Caesars continues to innovate to provide more value to more people in
more places. Most importantly, Little Caesars continues to use only the finest ingredients
including fresh shredded mozzarella and Muenster cheese, sauce made from farm fresh
tomatoes and dough made fresh from scratch every day, in each store.
Great Clips is a 100% franchised company with more than 4,100 salons across North
America—each one offering a great haircut at a great location at a great price. We pride
ourselves on making it easy for customers to get a great haircut at a time and place that’s
convenient for them. That’s why we’re open evenings and weekends, no appointments
necessary.
tokcommercial.com 12th Avenue Retail Shops [8]TENANT PROFILES If you’re looking for a trustworthy lending source—one that offers competitive fees MetroPCS provides the freedom and convenience of unlimited, no-annual-contract and convenient hours—then you have come to the right place! For over 20 years, the wireless services on a nationwide 4G LTE network for a flat rate. With MetroPCS, Cash Store has provided emergency cash loans to help customers finance unexpected customers get great value and a wide variety of device choices from leading brands. expenses. We have a long history as a reputable personal lending company where A flagship brand operated by T-Mobile US, Inc. (NYSE: “TMUS”), MetroPCS products qualified customers can have their cash advance approved quickly - with absolutely and services are available online and across the United States through a network of NO credit history or credit score required. company-owned stores, authorized dealer locations, and leading national retailers. What truly sets us apart from other personal lending companies is our commitment to the people we serve. Regardless of how much cash you receive or which of our loan services works best for you, our experienced staff will work to make the entire loan application and approval process as simple as possible. tokcommercial.com 12th Avenue Retail Shops [9]
SITE
PROPERTY ANALYSIS
Building Size: 10,285 SF total
Occupancy: 83% occupied
LE’S AVAILABLE
NAILS 1, 710 SF
tokcommercial.com 12th Avenue Retail Shops [10]SITE
DEMOGRAPHICS HIGHLIGHTS
20,000 vpd ON 12TH AVENUE ROAD
105,122 2019 ESTIMATED POPULATION (5 MILE RADIUS)
CLICK FOR
STREET VIEW
tokcommercial.com 12th Avenue Retail Shops [11]THE AREA
DEMOGRAPHICS OVERVIEW
2019 ESTIMATES 1 MILE 3 MILES 5 MILES
Population 13,639 79,883 108,084
Households 4,949 26,972 36,669
Avg HH Income: $55,007 $58,597 $60,382
Owner occupied housing 2,453 16,851 23,424
Renter occupied housing 2,495 10,121 13,245
Median age 31.4 32.2 32.9
2019 - 2024 TRENDS (1 MILE) AREA STATE NATIONAL
Population 1.43% 1.58% 0.77%
Households 1.42% 1.56% 0.75%
Owner occupied housing 1.84% 1.81% 0.92%
Median household income 2.01% 2.09% 2.70%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.
Esri converted Census 2000 data into 2010 geography.
tokcommercial.com [12]Boise Valley - The Boise Valley is not only home to the capitol
of Idaho, but also serves as the center of commerce, politics,
population, cultural events, and the blue field that personifies
Boise Valley - TheAsBoise
the Boise State Broncos. a highValley
desert is not onlyresting
community homeat
to the
the footcapitol of Idaho, itbut
of the mountains, also serves
is surrounded byas the center
thriving of
bedroom
communities rich in their own histories and economies, bringing
commerce, politics, population, cultural events, and
the metro area population to approximately 733,000. Experts
the bluethe
estimate field
MSAthat personifies
population the Boise
will exceed 790,000State Broncos.
by 2023.
As a high desert community resting at the foot of
Although Idaho is world famous for its agriculture, it has an
the mountains,
equally it is surrounded
vibrant economic environment by thriving bedroom
for high-tech, healthcare,
education, transportation, service, tourism, and
communities rich in their own histories and economies,retail industries.
Many nationally and globally recognized corporations have a
bringing
home in thethe metro
valley areaMicron
including population to approximately
Technology, Hewlett Packard,
DirecTV, Albertsons, J.R. Simplot Company,
733,000. Experts estimate the MSA population MotivePower, Materne,
will
LambWeston, and many others.
exceed 790,000 by 2023.
Forbes consistently ranks the Boise Valley as one of the top places
in the country to do business, high quality of life, raising a family,
Although Idaho
entertainment, is world famous for its agriculture,
and recreation.
it has an equally vibrant economic environment for
The Boise Valley ... high-tech,
Top Privatehealthcare, education, transportation,
Employers
service, tourism, and retail industries. Many nationally
Although world famous and globally recognized corporations have a home
for its agriculture, Boise in the valley including Micron Technology, Hewlett
has an equally vibrant Packard, DirecTV, Albertsons, J.R. Simplot Company,
MotivePower, Materne,
St. Luke’s Regional LambWeston,
Medical Ctr. and
10,000 many others.
- 10,999
environment for a Micron Technology, Inc. 6,000 - 6,999
variety of industries. Forbes
top
West
consistently
Saint Alphonsus
places
ranks
Health
in the District
Ada School
the Boise
System Valley
5,000
country to do business,
as one of the
- 5,999
high quality of
4,000 - 4,999
life, raising
Boise State aUniversity
family, entertainment, and- 3,999
3,000 recreation.
Boise School District 3,000 - 3,999
Walmart 3,000 - 3,999
Albertson’s 3,000 - 3,999
HP Inc. 1,000 - 1,999
Source 2019 Boise Valley Spotlight
tokcommercial.comSIGN
CONFIDENTIALITY
AGREEMENT
TO GAIN ACCESS
TO A FULL OFFERING
MEMORANDUM,
WE ASK THAT YOU FIRST SIGN
A DIGITAL CONFIDENTIALITY
AGREEMENT FOR
12th
Avenue
Retail Shops
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