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KW COMMERCIAL
5020 W Linebaugh Ave, Ste. 100
Tampa, FL 33624
NNN Retail Portfolio
OFFERING MEMORANDUM
COACH COOKAgent0: 813.319.6461C: [email protected]
CHASE TARACKSAssociateO: 813.319.6461C: [email protected]
PRESENTED BY:
607,617,621 CLEARWATER LARGO RD N LARGO, FL
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 2
OFFERING MEMORANDUM
Confidentiality & Disclaimer607,617,621 CLEARWATER LARGO RD N LARGO, FL
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived,or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and othermatters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independentprofessionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KWCommercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any partyregarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that maybe provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies withapplicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by NWTampa in compliance with all applicable fair housing and equal opportunity laws.
KW COMMERCIAL
5020 W Linebaugh Ave, Ste. 100
Tampa, FL 33624
PRESENTED BY:
COACH COOKAgent0: 813.319.6461C: [email protected]
CHASE TARACKSAssociateO: 813.319.6461C: [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors shouldconduct your own investigation of the property and transaction.
www.kwcommercial.com 3
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
PROPERTY DETAILS
ADDITIONAL PHOTOS
1PROPERTY INFORMATION607,617,621 CLEARWATER LARGO RD N LARGO, FL
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 4
OFFERING SUMMARY
SALE PRICE: $1,700,000
CAP RATE: 6.46%
NOI: $109,824
LOT SIZE: 0.75 Acres
BUILDING SIZE: 20,787
ZONING: 1120-Retail
PRICE / SF: $72.16
PROPERTY OVERVIEWKW Commercial is proud to present an incredible retail investment property for sale. This offering includes 3 buildings, a parkinglot, and a reputable tenant. With an 6.46 cap rate one can expect a great return on investment. Located just north of the highlytrafficked W Bay Dr, one can expect plenty of customers for this retail store. With annual escalations, a prime location, and along term lease with additional options to renew this is a great opportunity for an investor looking to expand in the Clearwatermarket. Please read the OM for tenant description.
(Lease 07.01.17-06.30.24 with 5% annual increases with 2 additional 5 year options to renew)
PROPERTY HIGHLIGHTS• 6.46 Cap Rate
• Retail Investment
• Long Term Lease
• 5% Annual Increase
• NNN Lease
• 50+ Parking
Executive Summary
607,617,621 CLEARWATER LARGO RD N LARGO, FL 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 5
SALE PRICE $1,700,000
LOCATION INFORMATIONStreet Address 607,617,621 Clearwater Largo Rd N Largo, FL
City, State, Zip Largo, FL 33770
County/Township Pinellas
BUILDING INFORMATIONBuilding Size 20,787 SF
Occupancy % 100%
Tenancy Single
Load Factor Yes
Number Of Buildings 3
PROPERTY DETAILSProperty Type Retail
Property Subtype Retail Pad
Zoning 1120-Retail
Lot Size 0.75 Acres
PARKING & TRANSPORTATIONParking Description 50+ Parking Spots
Property Details
607,617,621 CLEARWATER LARGO RD N LARGO, FL 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 6
Additional Photos
607,617,621 CLEARWATER LARGO RD N LARGO, FL 1 | PROPERTY INFORMATION
www.kwcommercial.com 7
LOCATION INFORMATION
2 | LOCATION INFORMATION
REGIONAL MAP
LOCATION MAPS
AERIAL MAP
2LOCATION INFORMATION607,617,621 CLEARWATER LARGO RD N LARGO, FL
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 8
Regional Map
607,617,621 CLEARWATER LARGO RD N LARGO, FL 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 9
Location Maps
607,617,621 CLEARWATER LARGO RD N LARGO, FL 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 10
Aerial Map
607,617,621 CLEARWATER LARGO RD N LARGO, FL 2 | LOCATION INFORMATION
www.kwcommercial.com 11
FINANCIAL ANALYSIS
3 | FINANCIAL ANALYSIS
FINANCIAL SUMMARY
TENANT PROFILES
3FINANCIAL ANALYSIS607,617,621 CLEARWATER LARGO RD N LARGO, FL
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 12
INVESTMENT OVERVIEW
Price $1,700,000
CAP Rate 6.5%
Total Return (yr 1) $109,824
OPERATING DATA
Net Operating Income $109,824
Financial Summary
607,617,621 CLEARWATER LARGO RD N LARGO, FL 3 | FINANCIAL ANALYSIS
Each Office Independently Owned and Operated kwcommercial.com 13
Company: Marcotte's Design
Lease Rate: 9,152.00
Headquarters: Largo, Florida
Website: https://www.marcottesdesign.com/s-e-r-v-i-c-e-s
OVERVIEW
•
Marcotte's Design is a residential design company located in Largo, Florida. Its primefocus is in the residential market and specializes in interior design, custom built furniture,and custom paint. This company is a prominent figure in the custom housing market inthe surrounding area and has a strong following on social media outlets like Facebookwith over 23,000 page likes/followers. Marcotte's appeals to the Belleair Beachcommunity which is one of the richest beach communities in central Florida as well asthe surrounding retail, such as Whole Foods, by providing the furniture they use for theirin house restaurant. With customers such as Whole Foods and the Belleair communitywith 97,807 total households within a 5 mile radius, one could expect ample business forMarcotte's Design.
HEADER 1
Tenant Profile
607,617,621 CLEARWATER LARGO RD N LARGO, FL 3 | FINANCIAL ANALYSIS
www.kwcommercial.com 14
DEMOGRAPHICS
4 | DEMOGRAPHICS
DEMOGRAPHICS MAP
4DEMOGRAPHICS607,617,621 CLEARWATER LARGO RD N LARGO, FL
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 15
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 12,984 93,661 228,483
Median Age 43.3 46.9 45.8
Median Age (Male) 42.2 45.5 44.5
Median Age (Female) 43.0 48.1 46.9
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total Households 5,960 42,695 97,807
# Of Persons Per HH 2.2 2.2 2.3
Average HH Income $49,602 $53,628 $57,170
Average House Value $204,926 $215,768 $224,481
* Demographic data derived from 2010 US Census
Demographics Map
607,617,621 CLEARWATER LARGO RD N LARGO, FL 4 | DEMOGRAPHICS
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