OFFERING MEMORANDUM Multi-Tenant Lease Investment Opportunity 1903 N 14th Avenue | Dodge City, KS 67801
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OFFERING MEMORANDUM
Multi-Tenant Lease Investment Opportunity
1903 N 14th Avenue | Dodge City, KS 67801
Actual Site Rendering
03
INVESTMENT SUMMARY
• Investment Summary
• Investment Highlights
• Elevations
06
AREA OVERVIEW East Elevation | Actual Site Rendering
• Location Map
• Aerial & Retail Maps Exclusively Marketed By: Sands Investment Group
• City Overview
Chris Naylon Kaveh Ebrahimi
Lic. # 01839132 Lic. # 01896322
12
TENANT OVERVIEW
• Tenant Profiles
• Lease Summaries 310.438.5525 | DIRECT 310.853.1426 | DIRECT
• Rent Roll cnaylon@SIGnnn.com kaveh@SIGnnn.com
© 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment
Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility
of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and all
projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these
In Cooperation with JDS Real Estate Services, Inc. projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested
BoR: Jennifer D. Stein – Lic # BR00233844 buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
INVESTMENT SUMMARY OFFERING SUMMARY PROPERTY SUMMARY
PRICE $1,755,500
ADDRESS 1903 N 14th Avenue
CAP 6.75% Dodge City, KS 67801
NOI $118,500
COUNTY Ford
PRICE PER SF $337.60
YEARS REMAINING AT&T Spring Mobile – 7 Years BUILDING AREA 5,200 SF
Great Clips – 10 Years
Gloss Nail Salon – 5 Years LAND AREA 29,493 SF
GUARANTOR See Lease Abstracts BUILT 2018
3 Actual Site Rendering
INVESTMENT HIGHLIGHTS
East Elevation | Actual Site Rendering
• Well Located Outparcel to a High Performing Walmart Anchored Shopping Center
Investment • Affluent Demographics with an Average Annual Household Income of Over $70,000
Summary • Positioned on the Primary Thoroughfare for Dodge City Connecting the Community College, United
Wireless Arena and Boot Hill Casino & Resort
• Brand New 2018 Construction with a New Roof and Transferrable Roof Warranty
• With the Significant Increase in Tourists, Dodge City is Primed to Support Big Box Retailers, National
Multi-Tenant Chain Restaurants, Hotels, and Other Retailers and Services - the City is Surrounded By Primarily Rural
Counties Which Also Increases the Potential Traffic to the City
Investment • Immediately to the North of this Site is a Newly Developed 75,000 SF Sutherlands Lumber Store
Which is Scheduled to Open in 2018
44
ELEVATIONS
NORTH ELEVATION
5 WEST ELEVATION
56
LOCATION MAP
AERIAL MAP
Dodge City
Community College
N 14th Ave
Barham Blvd
7
AERIAL MAP Dodge City
Dodge City High School St. Mary Soccer Games
Community College
Dodge City
Country Club
N 14th Ave
Dodge City
Middle School
W Comanche St
Boot Hill
Museum
Dodge City
Memorial Stadium
Doc Holliday Wyatt Earp
Statue Statue
Wright Park Zoo
Ford County
Fairgrounds
8
9
RETAIL MAP
W Wyatt Earp Blvd
N 14th Ave
AERA OVERVIEW
STREET/CROSS ROAD AVERAGE VEHICLES PER DAY
U.S Hwy 50 at N 14th Ave 8,160
Dodge City
Community College
SUBJECT PROPERTY DEMOGRAPHICS
1 Mile 3 Mile 5 Mile
Population 9,267 28,363 30,176
Average Household Income $72,584 $66,825 $66,655
10
9CITY OVERVIEW Dodge City is a pure definition of the West, a
gateway to history that began with the opening of
the Santa Fe Trail by William Becknell in 1821 and
became a great commercial route between Franklin,
Missouri and Santa Fe, New Mexico until 1880.
Dodge City is the county seat of Ford
County, Kansas named after nearby Fort Dodge. The
city is famous in American culture for its history as a
wild frontier town of the Old West.
Meat packing is the primary industry in Dodge City.
Cargill Meat Solutions and National Beef both
operate large facilities in the city. The city also hosts
farm implement manufacturing and serves as a
supply center for area agriculture. Livestock-raising
is a major activity while wheat and sorghum are the
area's main crops. In addition, a local tourism
industry, including a casino resort, Boot Hill, has
developed to capitalize on Dodge City's history as
an Old West cowtown. The service sector accounts
for much of the rest of the local economy.
Dodge City is home to one of the largest festivals in
the state, Dodge City Days. This is a 10-day long
festival with over 50 events including car shows, arts,
parades and barbeques. Boot Hill Museum
celebrates the city's frontier past with a recreated
Old West street, gunfight re-enactments and historic
buildings, like the former Fort Dodge jail. Located at
the Kansas Teachers Hall of Fame, the Gunfighters
Wax Museum features life-size sculptures of
legendary figures Wyatt Earp and Sitting Bull. The
Home of Stone Museum retains its original 1881
furnishings.
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11TENANT OVERVIEW – SPRING MOBILE Spring Mobile is constantly evolving. But one thing that hasn't LEASE SUMMARY
changed is our commitment to who we are, and to the core
values that guide us. Being part of our family is an experience TENANT AT&T Authorized Retailer – Spring Mobile
that you will never forget. Whether it's breaking world records
or lending a helping hand, you will be better off for having PREMISES A Retail Space of Approximately
been here. 2,500 SF
Spring Mobile was founded in 2001 in Salt Lake City, Utah. At the time, Spring Mobile was GUARANTOR Spring Communication Holding, Inc.
little more than a few mall carts offering cell phone service. Now, our nationwide team
LEASE COMMENCEMENT March 1, 2018
consists of friendly experts whose only goal is to provide world-class service to our
customers while offering consumer technology product solutions. Ongoing commitment LEASE EXPIRATION February 28, 2025
to that goal has allowed Spring to grow into America’s largest wireless dealer.
LEASE TERM 7 Years
As spring 2015 Spring Mobile and Simply Mac, the Technology Brands division of retailer
GameStop, boasted 1,000 brick and mortar stores across the country. Spring Mobile, RENEWAL OPTIONS 2 x 5 Year Options
established in 2001, is now the largest AT&T authorized retailer in the United States.
RENT INCREASES Year 6 – 3.85%
Simply Mac, established in 2006, is now the largest Apple-authorized specialist in the Option 1 – 3.70%
country. Option 2 – 3.57%
LEASE TYPE Triple Net (NNN)
USE General Retail
PROPERTY TAXES Tenant’s Responsibility
COMPANY TYPE HEADQUARTERS # OF LOCATIONS
Authorized AT&T Retailer Salt Lake City, UT 1,428 INSURANCE Tenant’s Responsibility
Subsidiary of GameStop Corp.
COMMON AREA Tenant’s Responsibility
ROOF & STRUCTURE Landlord’s Responsibility
REPAIRS & MAINTENANCE Tenant’s Responsibility
HVAC Tenant’s Responsibility
EMPLOYEES FOUNDED WEBSITE
650+ 2001 www.springmobile.com UTILITIES Tenant’s Responsibility
12
10
11TENANT OVERVIEW – SPRING MOBILE
Great Clips is a hair salon franchise with over 4,100 locations LEASE SUMMARY
across the United States and Canada. It is headquartered in
Bloomington, Minnesota. In 2013, it had system-wide sales of TENANT Great Clips – Franchisee
$1.03 billion. PREMISES A Retail Space of Approximately
1,200 SF
Great Clips, Inc. has over 4,000 salons in North America. Over 40,000 stylists are
GUARANTOR Great Day Salons, LLC
employed by Great Clips salons. Established in Minneapolis in 1982, Great Clips has
grown to be the world's largest and fastest growing salon brand. There are more than LEASE COMMENCEMENT March 1, 2018
4,100 salons throughout the United States and Canada -- all of them owned by
franchisees. LEASE EXPIRATION February 28, 2028
Great Clips is the largest single haircare name brand in North America. They have a nearly LEASE TERM 10 Years
50% market share of all franchised hair salon units. As measured in units, the next closest RENEWAL OPTIONS 2 x 5 Year Options
brand falls short by more than 30%.
RENT INCREASES Year 2 – 20.00%
Great Day Salons is based out of Wichita, Kansas and is currently operating five locations Year 6 – 4.55%
throughout the state. Option 1 – 2.17%
Option 2 – 2.13%
LEASE TYPE Triple Net (NNN)
USE General Retail
COMPANY TYPE HEADQUARTERS # OF LOCATIONS
PROPERTY TAXES Tenant’s Responsibility
Franchisee Bloomington, MS Franchisee - 5
Franchisor – 4,100+ INSURANCE Tenant’s Responsibility
COMMON AREA Tenant’s Responsibility
ROOF & STRUCTURE Landlord’s Responsibility
REPAIRS & MAINTENANCE Tenant’s Responsibility
HVAC Tenant’s Responsibility
EMPLOYEES FOUNDED WEBSITE
40,000 1982 www.greatclips.com UTILITIES Tenant’s Responsibility
13
10
11TENANT OVERVIEW – SPRING MOBILE
Gloss Nail Salon is Oklahoma’s premier source for stylish
LEASE SUMMARY
nails, custom pedicures, and exceptional service. Our TENANT Gloss Nail Salon
experienced nail stylists provide care and attention to
detail with every client. PREMISES A Retail Space of Approximately
1,500 SF
We offer exceptional customer service by working to provide a relaxing environment,
establish the most stringent sanitation and sterilization procedures, create superiority GUARANTOR Hieu Hoang dba “Nail Addiction
within the industry and set the standard to which other salons may follow, and most
LEASE COMMENCEMENT March 1, 2018
importantly understand the needs of the client. We continually educate ourselves to find
the best products and services to offer our clients. LEASE EXPIRATION February 28, 2023
At Gloss, we curate only the best products that keep your beauty and health in mind. Our LEASE TERM 5 Years
services include organic, vegan, and cruelty-free products. We also offer vast collection of
5-free, 7-free, and 8-free polishes and dip powder. We have the most stringent sanitation RENEWAL OPTIONS 2 x 5 Year Options
and sterilization procedures so that our clients know that they are safe with every service
performed at Gloss. RENT INCREASES Option 1 – 4.76%
Option 2 – 4.55%
LEASE TYPE Triple Net (NNN)
USE General Retail
PROPERTY TAXES Tenant’s Responsibility
COMPANY TYPE HEADQUARTERS # OF LOCATIONS INSURANCE Tenant’s Responsibility
Franchisee Nichols Hills, OK Single Location
COMMON AREA Tenant’s Responsibility
ROOF & STRUCTURE Landlord’s Responsibility
REPAIRS & MAINTENANCE Tenant’s Responsibility
HVAC Tenant’s Responsibility
EMPLOYEES WEBSITE
1-5 glossnailsokc.com UTILITIES Tenant’s Responsibility
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11RENT ROLL
Site Rendering
TENANT SQUARE % OF ANNUAL RENT / RENTAL LEASE LEASE
OPTIONS
NAME FOOTAGE TOTAL BASE RENT SF INCREASE BEGIN END
AT&T 2,500 SF 48.08 % $65,000 $26 Year 6 – 3.85% 03/01/2018 02/28/2025 2 x 5 Years
Option 1 – 3.70%
Option 2 – 3.57%
Great Clips 1,200 SF 23.08 % $22,000 Year 1 – $18.33 Year 2 – 20.00% 03/01/2018 02/28/2028 2 x 5 Years
Year 3 – $22 Year 6 – 4.55%
Year 4 – $22 Option 1 – 2.17%
Year 5 – $22 Option 2 – 2.13%
Gloss Nail Salon 1,500 SF 28.84 % $31,500 $21 Option 1 – 4.76% 03/01/2018 02/28/2023 2 x 5 Years
Option 2 – 4.55%
TOTAL 5,200 SF 100% $118,500 $22.79
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13CONFIDENTIALLY AGREEMENT
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed
only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the
written consent of Sands Investment Group.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish
only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation,
with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and
square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the
compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business
prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands
Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted
any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness
of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
By receipt of this Memorandum, you agree that this Memorandum and its contents
are of confidential nature, that you will hold and treat it in the strictest confidence and
that you will not disclose its contents in any manner detrimental to the interest of the
Owner. You also agree that by accepting this Memorandum you agree to release
Sands Investment Group and hold it harmless from any kind of claim, cost, expense,
or liability arising out of your investigation and/or purchase of this property.
14Exclusively Marketed By:
Chris Naylon
Lic. # 01839132
310.438.5525 | DIRECT
cnaylon@SIGnnn.com
Kaveh Ebrahimi
Lic. # 01896322
310.853.1426 | DIRECT
kaveh@SIGnnn.com
Sands Investment Group
2701 Ocean Park Blvd., Suite 140
Santa Monica, CA 90405
www.SIGnnn.com
In Cooperation with JDS Real Estate Services, Inc.
BoR: Jennifer D. Stein – Lic # BR00233844
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