zandy smith (415) CA BRE#

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1 verizon wireless New verizon in dense retail area 7701 Laurel Ridge Road, Louisville, KY For more info on this opportunity please contact: zandy smith (415) CA BRE# kentucky cooperating broker: Steven Shaffer (502) License# chris peters (415) CA BRE# Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.

2 new freestanding verizon wireless in louisville, kentucky The subject property is located less than 2 miles east of Interstate 65, the main north-south artery connecting the Gulf to Lake Michigan. This Verizon store is just 7 miles from Louisville International Airport and 14 miles from downtown Louisville. Investment Highlights PRICE: $2,269,302 CAP: 6.45% RENTABLE SF... 4,200 SF PRICE PER SF... $ LAND AREA Acres LEASE TYPE NN YEAR BUILT National Tenant Verizon Wireless, ranked Best Wireless Service in the World by Global Traveler (2013), has the largest 4G LTE network in the US Verizon operates over 1,700 stores revenue was $87.6 billion prominent, high visibility building Located adjacent to Jefferson Mall, anchored by Sears, Dillard s, Old Navy, and Macy s Proposed Walmart Supercenter to open in 2016 directly behind subject property (call agent for details) The subject property is located across the street from a new construction, 230,000 SF shopping center called Jefferson Commons, which features HHGregg, Michael s, Academy Sports, Hobby Lobby and Ross Located on an intersection with excellent access and visibility. Traffic counts on Outer Loop exceed 24,000 vehicles per day Within a 5-mile radius, the population exceeds 166,800 people. Average household incomes are $56,300 Brand new Corporate lease 7-year primary lease term with two (2) five-year options with 10% rental increases in the options verizon 2

3 Booming retail corridor Located within minutes from Interstate 65, Interstate 265, and the Louisville International Airport, there are 166,800 people within a 5-mile radius. Jefferson Mall, anchored by Sears, Macy s, Dillard s, and JC Penney, is located just north of the Verizon store. The recently constructed 230,000 SF Jefferson Commons features Michaels, HHGregg, and Academy Sport & Outdoors. Shepherdsville Road convenient location 61 JEFFERSON MALL Jefferson Boulevard FESTIVAL AT JEFFERSON COURT Okolona Elementary Outer Loop 61 24,600 DAILY Laurel Ridge Road Outer Loop Hartstern Elementary JEFFERSON COMMONS Proposed Walmart Supercenter ston Pre y hwa Southern High School Hig LOUISVILLE CITY CENTER verizon 3

4 Surrounding Retail Jefferson Mall Outer Loop 24,600 DAILY JEFFERSON COMMONS Proposed Walmart Supercenter Located on the corner of laurel ridge road and outer loop, facing jefferson mall ROSS Dillard's verizon 4

5 Income & Expense PRICE $2,269,302 Price Per Square Foot: $ Capitalization Rate: 6.45% Total Rentable Area (SF): 4,200 Lot Size (Acres): STABILIZED INCOME Per Square Foot Scheduled Rent $35.00 $147,000 Effective Gross Income $35.00 $147,000 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Roof and Stucture Reserve ($.15) ($630.00) EQUALS NET OPERATING INCOME $146,370 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. verizon 5

6 Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/ FT Yearly Rent/ FT Verizon Wireless 4,200 5/1/15 4/30/22 $147,000 $12,250 $147,000 $2.92 $ /1/22 4/30/27 Option 1 $13,475 $161,700 $3.21 $ /1/27 4/30/32 Option 2 $14,151 $169,806 $3.37 $40.43 Totals: 4,200 $147,000 $12,250 $147,000 $2.92 $35.00 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. verizon 6

7 Verizon Wireless Verizon was ranked 22nd on forbes list of the world s most valuable brands About verizon Verizon Communications Inc, headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America s most reliable wireless network, serving more than million customers nationwide. Globally, they offer voice and data services in more than 200 countries. Verizon Wireless employs 76,985 people and has 1,700+ company operated retail locations in the US. In 2014, Verizon Wireless reported total revenue of $87.6 billion. On the Forbes lists of the World s Most Valuable Brands and the World s Biggest Public Companies, Verizon ranks #22 and #26, respectively REVENUE $87.6 BILLION NUMBER OF EMPLOYEES 76,985 NUMBER OF LOCATIONS 1,700+ verizon 7

8 Photos high visibility of verizon property from surrounding retail, jefferson commons and jefferson mall across the street Verizon Toys R Us O Charley s Jefferson commons Jefferson commons traffic on outer loop verizon 8

9 Regional Map Traffic counts in excess of 24,600 vpd on outer loop indianapolis Louisville Location verizon cincinnati Outer Loop Louisville frankfort 1 Hour 55 Miles Lexington verizon 9

10 Location & Demos Louisville, KY Overview Louisville is the largest city in the Commonwealth of Kentucky and the 28th most populous city in the United States, with a metro population of 1,315,900. The geography of Louisville, specifically its river accessibility, central location, and mild climate have contributed to its importance as a center for industry and commerce. The city has traditionally been a manufacturing center for durable goods, including appliances, cars and trucks, and has recently diversified, bringing more skilled and high-tech employment opportunities. Louisville was ranked #41 on Forbes list of Best Place for Business and Careers in The Louisville area is headquarters to Fortune 500 companies Yum! Brands (which includes KFC), Kindred Healthcare, and Humana, Inc. Manufacturing plants for GE Consumer Products, and Swift & Co. are also located in Louisville. The city is home to several institutions of higher learning including the University of Louisville, Bellarmine University, Spalding University, and Sullivan University. Louisville is a City of Parks. One of the nation s largest park expansions is currently underway, it will add 4,000 new acres of park land and the 100-mile Louisville Loop trail encircling the entire community. Population 2013 Household incomes 1-Mile 3-Mile 5-Mile ,959 72, , ,960 73, , ,118 75, ,504 1-Mile 3-Mile 5-Mile Average $50,461 $53,010 $56,317 Median $40,190 $42,247 $44,436 Top Employers in Louisville Employer # of Employees* United Parcel Service 17,206 Ford Motor Company 9,903 Norton Healthcare 7,850 Jewish Hosp. Healthcare Services 5,450 *Approximate verizon 10

11 A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ ] zandy smith zsmith@capitalpacific.com (415) CA BRE# chris peters cpeters@capitalpacific.com (415) CA BRE# kentucky cooperating broker: Steven Shaffer steven@prginvestments.com (502) License# Copyright 2015 [Capital Pacific Real Estate Brokerage Company]