confidentiality agreement
504 Galvin Rd S, Bellevue, NE
FORMER ‘WONDER BREAD’ BUILDING
Retail FOR SALE OR LEASE Offering
Exclusively Represented By:
MIKE BLACKMON Prudential Ambassador Real Estate - Commercial 13340 California St., Suite 104 Omaha, NE 68154 (402) 547-5062 Direct (402) 493-4805 Facsimile (402) 981-7337 Cell [email protected] www.MikeBlackmon.Com
TABLE OF CONTENTS I.
Property Profile
II.
Property Exhibits and Details
III.
Market Overview
IV.
Financial Analysis
V.
Demographic Profile Confidentiality Agreement and Disclaimer
This will serve as notice regarding the use of certain material, data and information contained herein (“Evaluation Material”) which we have made available to you in connection with a possible purchase of the property by you or your client. As a prerequisite to your accepting and utilizing the Evaluation Material, you hereby represent and agree as follows: The Evaluation Material furnished by us will be used solely for evaluating a possible transaction exclusively for your own account, as principal in the transaction, and not as a broker or agent for any other person. Therefore, you agree to keep all Evaluation Material strictly confidential; provided however, that any of such Evaluation Material may be disclosed to your directors, officers or employees as well as your counsel, accounting firms and financial institution who need to know such information of the purpose of assisting you with your possible purchase of the Property. Such directors, officers employees, lawyers, financial institutions and accountants shall be informed by you of the confidential nature of such information and shall be directed by you to treat such information with strict confidence. Although we have endeavored to include in the Evaluation Material, information which we believe to be accurate and relevant for the purpose of helping you in your evaluation of the Property for possible purchase, you understand and acknowledge that neither the Owner of the Property nor Prudential Ambassador Real Estate - Commercial(“Agent”) make any representation or warranty as to the accuracy or completeness of the Evaluation Material except as set forth in a definitive agreement. You agree that neither the Owner nor the Agent shall have any liability to you as a result of your use of the Evaluation Material except as set forth in a definitive agreement and it is understood that you are expected to perform such due diligence investigations and inspections of the Property as you deem necessary or desirable and as permitted by agreement with the Owner of the Property. You also represent that no broker or agent represents you or will represent you in any possible transactions involving the Property unless you disclose it in writing to Prudential Ambassador Real Estate – Commercial prior to the receipt of the Evaluation Material and you fully agree to compensate your broker or agent. Neither Agent nor the Owner is responsible for any compensation to be paid to your broker or agent whatsoever. Additionally, you agree and acknowledge that we are not responsible for misstatement of facts, errors or omissions, prior sale or withdrawal of the property from the market without notice. By keeping the Evaluation Material for any purpose, you thereby agree to these provisions and we will proceed accordingly. In the event that you are not able to agree to these terms, please return the Evaluation Material to us immediately.
I.
PROPERTY PROFILE
Property Location:
504 Galvin Road S, Bellevue, NE 68005
Property Type:
Free Standing Building - Retail
Site Description:
Flat Lot, Blacktop
Zoning:
BG – General Business District
Summary of Improvements:
1-Story, Free Standing Building
Parking:
Blacktop surface parking
Year Built:
1967
Exterior:
Brick, Block Backup
FOUNDATION:
Concrete Slab
Financial Data:
Current Percent Leased:
0
2014 Projected (Estimated) NOI:
$24,318
Going-In Cap Rate:
9
Sale Price Per Square Foot:
$99.93
Lease Price Per Square Foot:
$12.00
Free Standing Pole Signage
Demographic Summary:
“Free-Standing Building”.
Radius
Households
Avg. HH Income
1 Mile:
3,946
$66,503
3 Mile:
16,242
$63,459
5 Mile:
38,191
$63,737
Traffic Counts:
14,900 @ .05 Mi SE / 25,810 @ .05 Mi NW
Summary:
27,000 Sq Ft Lot, 2,700 Sq Ft Bldg – Free Standing
Price:
$270,000
Lease:
$ 12.00/ Sq Ft (Includes Taxes & Insurance) + Tenant Pay CAMS = $2,702 / Month, plus Utilities and CAMS
Contact:
MIKE BLACKMON Prudential Ambassador Real Estate - Commercial 13340 California St., Suite 104 Omaha, NE 68154 (402) 547-5062 – Direct (402) 981-7337 – Mobile (402) 493-4805 – Facsimile [email protected] www.MikeBlackmon.Com
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
“2,700 Sq Ft Building”.
II. PROPERTY EXHIBITS AND DETAILS
Back of Building
Overhead Delivery Door Walk-out Back Door
Electrical Panel Legend 3-Phase 225 Amp
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
Site Description Location:
Bellevue/Sarpy SubMarket
Size/Dimensions:
27,007 Sq Ft / 118 x 245 x 122 x 214
Zoning:
BG – General Business District
Floor Area Ratio:
.10
Utilities:
All utilities on-site
Ingress/Egress:
Single access on Galvin Road S
Parking:
9,580 sq ft concrete slab
Soil Conditions:
Fully stabilized – built-out
Flood Plain Data:
Does not show on flood maps
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
“Zoning: BG – General Business District”
Improvement Description Year Built:
1967
Slab/Foundation:
Slab on Grade
Exterior Walls and Finish:
Brick, Block Backup
Heating/Ventilating/ Cooling:
Central HVAC systems
Electrical/Lighting:
Breakers / Typical retail store lighting / 3-Phase, 225 Amp
Plumbing:
1-Restroom / ADA compliant
Utility Meters:
Single meter
Interior Components:
Retail Display area, storage/staging area, delivery area w/OHD
Floor Covering:
Linoleum tiles
Elevator:
None
Fire Sprinklers:
No
Other Site Improvements:
Pole Sign
Walk Score Index:
74 – “Very Walkable”
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
“Pole Signage for High Visibility”
III. MARKET OVERVIEW Industry Sectors
Bellevue’s largest industry sector is military and defense. Home to one of the largest military installations in the U.S. Offutt AFB has a total economic impact of more than $1.6 billion (2006). www.offutt.af.mil The defense sector is Bellevue’s next largest sector with more than 30 defense companies doing business in the Bellevue Offutt Community employing more than 2500 people. For a complete list of defense companies go to find a member and search “defense.” It is because of our high-tech labor pool, dependable utilities, extensive telecommunications system and urbanized Infrastructure that Offutt AFB that the Bellevue-Offutt Community continues to grow. The dark fiber and dual power grids are two key reasons why business have been successful and safe. Bellevue is supported by a thriving retail and service industry and currently experience growth in the senior care sector and over-all health care sector. Industries providing employment: Education ,health and social services (19.6%), Retail trade (12.8%), Finance, insurance ,real estate ,and rental and leasing (10.6%). Daytime population change due to commuting: -11,649 (-26.2%) Workers who live and work in this city: 5,355 (22.4%) Leading Employers
Offutt Air Force Base 205 Looking Glass Ave 402.294.1110 Employees: 9,537 Industry: Military Location: Offutt AFB, NE
Bellevue Public Schools 1600 Hwy 370 402.293.4000 Employees: 1,300 Industry: Education Location: Bellevue NE 68005
TD Ameritrade Corp. 1005 Ameritrade Place 800.669.3900 Employees: 1,050 Industry: Financial Location: Bellevue NE 68005
Northrop Grumman 3200 Samson Way 402.291.8300 Employees: 600 Industry: Information Technology Location: Bellevue NE 68126
Bellevue University 1000 Galvin Road S. 402.219.8100 Employees: 570 Industry: Education Location: Bellevue, NE 68005
Wal-Mart Super Center 10504 S. 15th St 402.292.0156 Employees: 460 Industry: Retain Location: Bellevue, NE 68123
Hillcrest Health Systems 1702 Hillcrest Driver 402.291.8500
City of Bellevue 210 W. Mission Ave. 402.293.3000
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
Employees: Industry: Senior Care Location: Bellevue NE 68005
Employees: 232 Industry: Government Location: Bellevue, NE 68005
Lockheed Martin 4502 Maass Road 402.291.0580 Employees: 200 Industry: Service Location: Bellevue, NE 68005
Metz Baking Co. 1310 Fort Crook Road 402.731.8370 Employees: 170 Industry: Manufacturing Location: Bellevue, NE 68005
Offutt Air Force Base Flyover Demonstration
Bellevue Welcome Center
Bellevue Fontenelle Hills Nature Center
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
IV. FINANCIAL ANALYSIS Financial Analysis Overview Overview:
Last Tenant: Interstate Bakeries Co/Wonder Bread-Hostess (10years)
Last Rents:
$2,500 Base Rents, plus Taxes & CAMS = $13.00/Sq Ft Annual + CAMS Paid Direct by Tenant = $2,928.52 / Month + CAMS paid Direct by Tenant
Taxes:
$5,142.28 - 2012
Insurance:
$1,200
CAMS:
Direct by Tenant
“Former Tenant – Interstate Bakeries”
INTERIOR – NORTH END RETAIL DISPLAY AREA
FRONT ENTRY AREA
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
INTERIOR – SOUTH END RETAIL DISPLAY AREA
INTERIOR – OFFICE & STORAGE WORK AREAS
STAGING DELIVERY AREA – 4’ X 8’ OVERHEAD DELVERY DOOR & INTERIOR DOOR TO WORK AREA
THE DRINKING FOUNTAIN!
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
ROOFTOP UNITS
DEMOGRAPHIC PROFILE Demographic reports are included in this presentation for: Consumer Spending Report Daytime Employment Report Demographic Detail Report Population Population by Age Population by Race Population by Occupation Population by Marital Status Population by Education Population Workers by Travel Time to Work 2000 Households by HH Size Households Households by HH Income Occupied Housing Housing Units Walk-Ability Index Map & Descriptions
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
Walk-Ability Map & Descriptions:
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
FORMER ‘WONDER BREAD’ BUILDING
Retail FOR SALE OR LEASE Offering
Exclusively Represented By:
MIKE BLACKMON Prudential Ambassador Real Estate - Commercial 13340 California St., Suite 104 Omaha, NE 68154 (402) 547-5062 Direct (402) 493-4805 Facsimile (402) 981-7337 Cell [email protected] www.MikeBlackmon.Com
TABLE OF CONTENTS I.
Property Profile
II.
Property Exhibits and Details
III.
Market Overview
IV.
Financial Analysis
V.
Demographic Profile Confidentiality Agreement and Disclaimer
This will serve as notice regarding the use of certain material, data and information contained herein (“Evaluation Material”) which we have made available to you in connection with a possible purchase of the property by you or your client. As a prerequisite to your accepting and utilizing the Evaluation Material, you hereby represent and agree as follows: The Evaluation Material furnished by us will be used solely for evaluating a possible transaction exclusively for your own account, as principal in the transaction, and not as a broker or agent for any other person. Therefore, you agree to keep all Evaluation Material strictly confidential; provided however, that any of such Evaluation Material may be disclosed to your directors, officers or employees as well as your counsel, accounting firms and financial institution who need to know such information of the purpose of assisting you with your possible purchase of the Property. Such directors, officers employees, lawyers, financial institutions and accountants shall be informed by you of the confidential nature of such information and shall be directed by you to treat such information with strict confidence. Although we have endeavored to include in the Evaluation Material, information which we believe to be accurate and relevant for the purpose of helping you in your evaluation of the Property for possible purchase, you understand and acknowledge that neither the Owner of the Property nor Prudential Ambassador Real Estate - Commercial(“Agent”) make any representation or warranty as to the accuracy or completeness of the Evaluation Material except as set forth in a definitive agreement. You agree that neither the Owner nor the Agent shall have any liability to you as a result of your use of the Evaluation Material except as set forth in a definitive agreement and it is understood that you are expected to perform such due diligence investigations and inspections of the Property as you deem necessary or desirable and as permitted by agreement with the Owner of the Property. You also represent that no broker or agent represents you or will represent you in any possible transactions involving the Property unless you disclose it in writing to Prudential Ambassador Real Estate – Commercial prior to the receipt of the Evaluation Material and you fully agree to compensate your broker or agent. Neither Agent nor the Owner is responsible for any compensation to be paid to your broker or agent whatsoever. Additionally, you agree and acknowledge that we are not responsible for misstatement of facts, errors or omissions, prior sale or withdrawal of the property from the market without notice. By keeping the Evaluation Material for any purpose, you thereby agree to these provisions and we will proceed accordingly. In the event that you are not able to agree to these terms, please return the Evaluation Material to us immediately.
I.
PROPERTY PROFILE
Property Location:
504 Galvin Road S, Bellevue, NE 68005
Property Type:
Free Standing Building - Retail
Site Description:
Flat Lot, Blacktop
Zoning:
BG – General Business District
Summary of Improvements:
1-Story, Free Standing Building
Parking:
Blacktop surface parking
Year Built:
1967
Exterior:
Brick, Block Backup
FOUNDATION:
Concrete Slab
Financial Data:
Current Percent Leased:
0
2014 Projected (Estimated) NOI:
$24,318
Going-In Cap Rate:
9
Sale Price Per Square Foot:
$99.93
Lease Price Per Square Foot:
$12.00
Free Standing Pole Signage
Demographic Summary:
“Free-Standing Building”.
Radius
Households
Avg. HH Income
1 Mile:
3,946
$66,503
3 Mile:
16,242
$63,459
5 Mile:
38,191
$63,737
Traffic Counts:
14,900 @ .05 Mi SE / 25,810 @ .05 Mi NW
Summary:
27,000 Sq Ft Lot, 2,700 Sq Ft Bldg – Free Standing
Price:
$270,000
Lease:
$ 12.00/ Sq Ft (Includes Taxes & Insurance) + Tenant Pay CAMS = $2,702 / Month, plus Utilities and CAMS
Contact:
MIKE BLACKMON Prudential Ambassador Real Estate - Commercial 13340 California St., Suite 104 Omaha, NE 68154 (402) 547-5062 – Direct (402) 981-7337 – Mobile (402) 493-4805 – Facsimile [email protected] www.MikeBlackmon.Com
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
“2,700 Sq Ft Building”.
II. PROPERTY EXHIBITS AND DETAILS
Back of Building
Overhead Delivery Door Walk-out Back Door
Electrical Panel Legend 3-Phase 225 Amp
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
Site Description Location:
Bellevue/Sarpy SubMarket
Size/Dimensions:
27,007 Sq Ft / 118 x 245 x 122 x 214
Zoning:
BG – General Business District
Floor Area Ratio:
.10
Utilities:
All utilities on-site
Ingress/Egress:
Single access on Galvin Road S
Parking:
9,580 sq ft concrete slab
Soil Conditions:
Fully stabilized – built-out
Flood Plain Data:
Does not show on flood maps
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
“Zoning: BG – General Business District”
Improvement Description Year Built:
1967
Slab/Foundation:
Slab on Grade
Exterior Walls and Finish:
Brick, Block Backup
Heating/Ventilating/ Cooling:
Central HVAC systems
Electrical/Lighting:
Breakers / Typical retail store lighting / 3-Phase, 225 Amp
Plumbing:
1-Restroom / ADA compliant
Utility Meters:
Single meter
Interior Components:
Retail Display area, storage/staging area, delivery area w/OHD
Floor Covering:
Linoleum tiles
Elevator:
None
Fire Sprinklers:
No
Other Site Improvements:
Pole Sign
Walk Score Index:
74 – “Very Walkable”
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
“Pole Signage for High Visibility”
III. MARKET OVERVIEW Industry Sectors
Bellevue’s largest industry sector is military and defense. Home to one of the largest military installations in the U.S. Offutt AFB has a total economic impact of more than $1.6 billion (2006). www.offutt.af.mil The defense sector is Bellevue’s next largest sector with more than 30 defense companies doing business in the Bellevue Offutt Community employing more than 2500 people. For a complete list of defense companies go to find a member and search “defense.” It is because of our high-tech labor pool, dependable utilities, extensive telecommunications system and urbanized Infrastructure that Offutt AFB that the Bellevue-Offutt Community continues to grow. The dark fiber and dual power grids are two key reasons why business have been successful and safe. Bellevue is supported by a thriving retail and service industry and currently experience growth in the senior care sector and over-all health care sector. Industries providing employment: Education ,health and social services (19.6%), Retail trade (12.8%), Finance, insurance ,real estate ,and rental and leasing (10.6%). Daytime population change due to commuting: -11,649 (-26.2%) Workers who live and work in this city: 5,355 (22.4%) Leading Employers
Offutt Air Force Base 205 Looking Glass Ave 402.294.1110 Employees: 9,537 Industry: Military Location: Offutt AFB, NE
Bellevue Public Schools 1600 Hwy 370 402.293.4000 Employees: 1,300 Industry: Education Location: Bellevue NE 68005
TD Ameritrade Corp. 1005 Ameritrade Place 800.669.3900 Employees: 1,050 Industry: Financial Location: Bellevue NE 68005
Northrop Grumman 3200 Samson Way 402.291.8300 Employees: 600 Industry: Information Technology Location: Bellevue NE 68126
Bellevue University 1000 Galvin Road S. 402.219.8100 Employees: 570 Industry: Education Location: Bellevue, NE 68005
Wal-Mart Super Center 10504 S. 15th St 402.292.0156 Employees: 460 Industry: Retain Location: Bellevue, NE 68123
Hillcrest Health Systems 1702 Hillcrest Driver 402.291.8500
City of Bellevue 210 W. Mission Ave. 402.293.3000
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
Employees: Industry: Senior Care Location: Bellevue NE 68005
Employees: 232 Industry: Government Location: Bellevue, NE 68005
Lockheed Martin 4502 Maass Road 402.291.0580 Employees: 200 Industry: Service Location: Bellevue, NE 68005
Metz Baking Co. 1310 Fort Crook Road 402.731.8370 Employees: 170 Industry: Manufacturing Location: Bellevue, NE 68005
Offutt Air Force Base Flyover Demonstration
Bellevue Welcome Center
Bellevue Fontenelle Hills Nature Center
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
IV. FINANCIAL ANALYSIS Financial Analysis Overview Overview:
Last Tenant: Interstate Bakeries Co/Wonder Bread-Hostess (10years)
Last Rents:
$2,500 Base Rents, plus Taxes & CAMS = $13.00/Sq Ft Annual + CAMS Paid Direct by Tenant = $2,928.52 / Month + CAMS paid Direct by Tenant
Taxes:
$5,142.28 - 2012
Insurance:
$1,200
CAMS:
Direct by Tenant
“Former Tenant – Interstate Bakeries”
INTERIOR – NORTH END RETAIL DISPLAY AREA
FRONT ENTRY AREA
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
INTERIOR – SOUTH END RETAIL DISPLAY AREA
INTERIOR – OFFICE & STORAGE WORK AREAS
STAGING DELIVERY AREA – 4’ X 8’ OVERHEAD DELVERY DOOR & INTERIOR DOOR TO WORK AREA
THE DRINKING FOUNTAIN!
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
ROOFTOP UNITS
DEMOGRAPHIC PROFILE Demographic reports are included in this presentation for: Consumer Spending Report Daytime Employment Report Demographic Detail Report Population Population by Age Population by Race Population by Occupation Population by Marital Status Population by Education Population Workers by Travel Time to Work 2000 Households by HH Size Households Households by HH Income Occupied Housing Housing Units Walk-Ability Index Map & Descriptions
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
Walk-Ability Map & Descriptions:
PRUDENTIAL AMBASSADOR REAL ESTATE - COMMERCIAL
