VERIZON CORPORATE MULTI-TENANT INVESTMENT - 2ND STREET & NEWPORT RD CASPER, WYOMING 82609 - Mountain West ...
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VERIZON CORPORATE
MULTI-TENANT INVESTMENT JOE COOLEY CHAD MOORE
jcooley@mtnwest.com cmoore@mtnwest.com
2ND STREET & NEWPORT RD direct 801.456.8803 direct 801.456.8801
CASPER, WYOMING 82609 View Profile View Profile
TABLE
OF CONTENTS
4 PROPERTY INFO &
FEATURES
5 RENT ROLL
6 SHOPPING CENTER
AERIAL
7 SITE PLAN
8 RETAILER MAP
9 REGIONAL MAP
10 TENANT PROFILES
11 DEMOGRAPHICS
12 MARKET INFO
13 WYOMING
AT A GLANCE
VERIZON CORPORATE MULTI-TENANT INVESTMENT
2 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
VERIZON
CORPORATE CONFIDENTIALITY AND DISCLOSURE
MULTI-TENANT Mountain West Commercial Real Estate has been retained on an exclusive basis to market the property
INVESTMENT described as 2nd Street & Newport Rd, Casper, Wyoming 82609. Broker has been authorized by seller
of the property to prepare and distribute the enclosed information for the purpose of soliciting offers
2ND STREET & NEWPORT RD to purchase from interested parties. More detailed financial, title and tenant lease information may be
CASPER, WYOMING 82609
made available upon request following the mutual execution of a letter of intent or contract to purchase
between the Seller and the prospective purchaser. You are invited to review this opportunity and make an
offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations
PREPARED BY with you, you will be asked to provide financial references. The eventual purchaser will be chosen based
upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller
JOE COOLEY deems appropriate.
jcooley@mtnwest.com
direct 801.456.8803 The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors
View Profile
for the acquisition of the Property. The Material is not to be copied and /or used for any other purpose or
made available to any other person without the express written consent of Broker or Seller. The Material
CHAD MOORE does not purport to be all-inclusive or to contain all of the information that a prospective buyer may
cmoore@mtnwest.com require. The information contained in the material has been obtained from the Seller and other sources
direct 801.456.8801 and has not been verified by the Seller or its affiliates, agents, representatives, employees, parents,
View Profile subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation
or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any
existing or available financing, and must independently confirm the accuracy of the projections contained
in the pro forma.
Seller reserves the right, for any reason, to withdraw the Property from the Market. Seller has no obligation,
express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and
until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the
Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the
foregoing and agreed to release Seller and Broker from any liability with respect thereto.
Property walk-throughs are to be conducted by appointment only. Contact Broker for additional
information.
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 3
EXECUTIVE SUMMARY
PRICING & PROPERTY INFO
PURCHASE PRICE $4,517,561
NET OPERATING INCOME $275,571
E 2ND S
CAP RATE 6.10% T 12,351 A
OCCUPANCY 100% DT 15
TOTAL GLA (SF) 7,852
PARCEL SIZE (ACRES) 1.15
YEAR BUILT 2015/2016
LEASE TYPE NNN
PARCEL ID 33780720100700
PROPERTY FEATURES
337807201 00700
1 . 1 5 AC
LOCATION BUILDING
5121 E 2nd St Constructed in 2015/ 2106
Casper, WY 82609 the structure is in excellent
ORT
SITE condition and has not had any
Property is located on the history of maintence problems.
NEWP
hard corner of the Blackmore Building is subdivided into two
Marketplace shopping center spaces with utilities separated
trade area. Site has excellent for each tenant.
visablity and access from all INTERSECTION
positions. In addition, site has Located on the southeast hard
ample parking. corner of 2nd Street & Newport
Road at the main entrance of
Blackmore Marketplace.
VERIZON CORPORATE MULTI-TENANT INVESTMENT
4 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
RENT ROLL
CAM INCOME & RECOVERY METHOD LEASE TERMS WITH OPTIONS & ESCALATIONS
SUITE TENANT NAME SQ. FT. % GLA
PSF MONTHLY ANNUAL LEASE TYPE TERM START EXPIRES PSF MONTHLY ANNUAL
MULTI-TENANT PAD BUILDING
A Verizon 4,450 56.67% $0.40 $1,801 $21,614 NNN Contract 8/1/2021 7/31/2026 $37.54 $13,920.62 $167,047
Option 1 8/1/2026 7/31/2029 $38.29 $14,199.03
Option 2 8/1/2029 7/31/2032 $39.06 $14,341.02
Option 3 8/1/2032 7/31/2035 $39.84 $14,484.43
C America's Mattress 3,402 43.33% $0.40 $1,377 $16,524 NNN Contract 9/1/2021 8/31/2026 $31.90 $9,043.65 $108,524
Option 1 9/1/2026 8/31/2031 $32.54 $9,948.02
Option 2 9/1/2031 8/31/2036 $33.19 $10,942.82
TOTALS 7,852 $4.86 $3,178 $38,138 $35.10 $22,964.27 $275,571
Occupied 7,852 100.00%
Vacant 0 0.00%
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 5
SHOPPING CENTER AERIAL
VERIZON CORPORATE MULTI-TENANT INVESTMENT
6 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
SITE PLAN
C
D
A
B
PL PL P
L P
L PL PL P
L PL PL PL PL
L
P
PL
L
P
1
PL
L
P
PL
L
P
PL
PL
PL
PL
PL
L
P
PL
2
L
P
PL
PL
PL
L
P
P
L
L
P
PL
PL PL L
P PL PL L
P PL PL L
P PL PL PL PL
3
PL P
L PL P
L PL PL P
L P
L P
L P
L PL
L
P
L
P
L
P
PL
Lot 2
PL
Lot 1
PL
27,437 SF
PL
28,416 SF
PL
0.63 Ac.
PL
0.65 Ac.
4
PL
PL
PL
PL
P
L
PL
PL
PL
PL
L
P
+/ 00
F
5
P
L
8,4
PL
-S
Lot 4
PL
PL L
P PL L
P PL L
P L
P PL L
P L
P L
P PL PL
73,647 SF NOT FOR CONSTRUCTION
Lo MARK: DATE: DESCRIPTION:
NEW RETAIL BUILDING
ARCHTECTURAL
NO
ISSUED:
CHECKED BY:
DRAWN BY:
PROJECT #:
t6
c
T
1.69 Ac.
COPYRIGHT DESIGN WEST ARCHITECTS
FO
SITE PLAN
R APPROX. NEWPORT RD & EAST 2ND STREET
A-001
CO
:2
NS
TR
CASPER, WYOMING
UC
09-25-14
OLCOTT
414145
PIENEZZA
TI
6.5 66,62
ON
2ND EAST - 12,351 ADT
8A 7S
17,500 c. F Lot 5
118,885 SF PAD B
+/- SF
2.73 Ac. LOT 4
Lot 3
PROPOSED PAD 173,328 SF
42,000 SF 3.98 Ac.
PROPOSED PAD
15,000 SF
PAD A
LOT 5
TRACT A
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 7
RETAIL MAP T
20 22 5,818 AD
US HWY
,
+
WYOMING BLVD
7,694 AD
T 20 4,276 AD
,
+ 20 T
US HWY
20
EXIT
185 9,435
!
ADT
9,43 6,528 ADT 9 1,741 ADT
5 AD
T 9,435
CURTIS ST
ADT
2, 4
13 3,330 ADT 49 ADT
AD
T
10
2,274 ADT EXIT
12,365 ADT
!
185
T
AD
&
'
%
11
4
25
3,48
6,2 8 6
21 12 23,548 ADT ADT
13
6 , 286 ADT
6,286 ADT
14
SI TE
12,351
ADT
15
16
13
,34
3A
DT
20
SE
WY
OM
ING
D
T
6A
5,98 9
0
0,3
BLVD
1
ADT
17
VERIZON CORPORATE MULTI-TENANT INVESTMENT
8 18
WYOM I N G BLVD & I -25
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com
Gallatin National
Forest
REGIONAL MAP
Yellowstone
National Park
Bighorn National Gillette
Rapid City
Forest
Shoshone
National Forest
Teton National
Forest 50 M il es
Idaho Falls
Wyoming
Casper
Pocatello Nebraska
National Forest
Bridger National
Forest
Logan
Rock Springs
Medicine Bow
National Forest Cheyenne
Ogden
Great Salt
Lake
Salt Lake City Ashley National Fort Collins
Forest Routt National
Forest Greeley
Dinosaur
National
Monument Longmont
Provo
Boulder
Denver
White River
National Forest
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 9
TENANT PROFILES
Verizon Communications Inc. offers communications, technology, information, and entertainment
products and services to consumers, businesses, and governmental entities worldwide. Its Consumer
segment provides postpaid and prepaid service plans; internet access on notebook computers and
tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet
devices, such as tablets, and other wireless-enabled connected devices, such as smart watches. It also
provides residential fixed connectivity solutions, including internet, video, and voice services; and sells
network access to mobile virtual network operators. As of December 31, 2020, it had approximately 94 million wireless retail connections, 7 million
broadband connections, and 4 million Fios video connections. The company’s Business segment provides network connectivity products, including private
networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video
services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and
data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions,
and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and
services. As of December 31, 2020, it had approximately 27 million wireless retail postpaid connections and 482 thousand broadband connections. Verizon
Communications Inc. has a strategic partnership with Mastercard Incorporated. The company was formerly known as Bell Atlantic Corporation and
changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York,
New York.
WEBSITE verizon.com LOCATIONS 7500
OWNERSHIP NYSE: VZ HEADQUARTERS Basking Ridge, New Jersey
America’s Mattress is a national franchise/affiliation with 300 stores nationwide, selling national brands including
iComfort, Sertapedic, Beautyrest, and Dreamhaven. The Casper location is owned locally by Flanigan’s Furniture
Outlet.
WEBSITE americasmattress.com LOCATIONS 300
OWNERSHIP Private/Franchise HEADQUARTERS Chicago, Illinois
VERIZON CORPORATE MULTI-TENANT INVESTMENT
10 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.comDEMOGRAPHICS
POPULATION
BUFFERS - 3, 5, 10, 50 MILES
3 MILES 5 MILES 10 MILES 50 MILES
24,863 43,534 75,622 93,323
2021 EST. 2021 EST. 2021 EST. 2021 EST.
POPULATION POPULATION POPULATION POPULATION 50 M il es
3 MILES 5 MILES 10 MILES 50 MILES
26,863 45,622 79,595 98,232
2026 EST. 2026 EST. 2026 EST. 2026 EST.
POPULATION POPULATION POPULATION POPULATION &
'
%25
,
+20
1 0 M il es
5 M il es
3 M il es
HOUSEHOLDS & MEDIAN INCOME ,
+
87
3 MILES 5 MILES 10 MILES 50 MILES
10,678 18,958 31,627 38,923
2021 EST. 2021 EST. 2021 EST. 2021 EST.
HOUSEHOLDS HOUSEHOLDS HOUSEHOLDS HOUSEHOLDS ,
+
220
3 MILES 5 MILES 10 MILES 50 MILES
$72,741 $66,964 $70,931 $72,457
2021 EST. 2021 EST. 2021 EST. 2021 EST.
INCOME INCOME INCOME INCOME
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 11TRADE AREA
CASPER, WYOMING
Casper is a city in and the county seat of Natrona County, Wyoming, United
States. Casper is the second largest city in the state, according to the 2010
census, with a population of 55,316. Only Cheyenne, the state capital, is larger.
Casper is nicknamed “The Oil City” and has a long history of oil boomtown
and cowboy culture, dating back to the development of the nearby Salt Creek
Oil Field. In 2010, Casper was named the highest-ranked family-friendly small
city in the West, and ranked eighth overall in the nation in Forbes magazine’s
list of “the best small cities to raise a family”.
VERIZON CORPORATE MULTI-TENANT INVESTMENT
12 Mountain West Commercial | Office 801.456.8800 | www.mtnwest.comWYOMING AT-A-GLANCE
“Wyoming’s economy is different from most states with mineral extraction and tourism
comprising major industry sectors. The federal government owns roughly half of the state’s
landmass. Top tourist attractions include: Grand Teton National Park, Yellowstone National
Park and Independence Rock. Yellowstone opened as the world’s first national park and
attracted 4.1 million visitors in 2018, down 3% from 2016 when it set a record.”
Source: Forbes.com
GROSS STATE PRODUCT POPULATION
$40B 577.7K
MEDIAN HOUSEHOLD INCOME COST OF DOING BUSINESS
$62,436 1% BELOW NAT’L AVG
COLLEGE ATTAINMENT UNEMPLOYMENT
27.6% 3.7%
Source: Forbes.com
Mountain West Commercial | Office 801.456.8800 | www.mtnwest.com 13VERIZON
CORPORATE
MULTI-TENANT
INVESTMENT
2ND STREET & NEWPORT RD
CASPER, WYOMING 82609
PREPARED BY
JOE COOLEY
jcooley@mtnwest.com
direct 801.456.8803
View Profile
CHAD MOORE
cmoore@mtnwest.com
direct 801.456.8801
View Profile
312 East South Temple, Salt Lake City, UT 84111
Office 801.456.8800 | www.mtnwest.comYou can also read
