RETAIL INVESTMENT GROUP, LLC - 857 N CENTRAL AVENUE | SIDNEY, MT - LoopNet.com
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RETAIL INVESTMENT GROUP, LLC
857 N CENTRAL AVENUE | SIDNEY, MT $2,260,870 | CAP: 5.75%
REPRESENTATIVE PHOTO
8255 E. RAINTREE DR, SUITE 100 MARK MCLOONE SEAN STEPHENSON STEVEN I. DAVIS
SCOTTSDALE, AZ 85260 Associate Associate Managing Member
(480) 429-4580 mark@retail1031.com sean@retail1031.com steven@retail1031.com
INVESTMENT SUMMARY PRICE: $2,260,870 CAP: 5.75%
PROPERTY INFORMATION INVESTMENT HIGHLIGHTS
Address: 857 North Central Ave | Sidney, MT New 20 Year Absolute NNN Lease Brand New Construction
±1.5 Miles from Sidney Airport 125 Unit Guarantor
CAP Rate: 5.75%
Latest Burger King Concept Drive Thru Location
Lessee: HR Restaurants, LC (MT/WY BK entity) Sidney is Home to 8 Hotels all Within Sidney is the County Seat of
Close Proximity to Subject Property Richland County
Building Size: ±4,530 Square Feet 1 Mile from Sidney Sugars Nearby Retailers Include: Subway, Tractor
(Sidney’s Largest Employer) Supply Co and Candlewood Suites
Land Area: ±44,473 Square Feet
RENT SCHEDULE
Lease Expiration: 20 Years from COE Year NOI CAP Year NOI CAP
Lease Options: 4 x 5 Year Options 2018 $130,000 5.75% 2028 $147,195 6.51%
2019 $131,625 5.82% 2029 $149,035 6.59%
NOI: $130,000
2020 $133,270 5.89% 2030 $150,898 6.67%
Lease Type: Absolute NNN 2021 $134,936 5.97% 2031 $152,784 6.76%
Increases: 1.25% Annual 2022 $136,623 6.04% 2032 $154,694 6.84%
2023 $138,331 6.12% 2033 $156,628 6.93%
Guarantee: Loveloud Restaurants, LC
2024 $140,060 6.19% 2034 $158,586 7.01%
Ownership: Fee Simple 2025 $141,811 6.27% 2035 $160,568 7.10%
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy,
we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to
2026 $143,583 6.35% 2036 $162,575 7.19%
independently confirm its accuracy and completeness. Any projections, estimates, opinions use are for example
only. The value of this transaction to you depends on tax and other factors which should be evaluated by your
tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of 2027 $145,378 6.43% 2037 $164,607 7.28%
the property to determine to your satisfaction the suitability of the property for your needs.
8255 E. RAINTREE DR, SUITE 100 MARK MCLOONE SEAN STEPHENSON STEVEN I. DAVIS
SCOTTSDALE, AZ 85260 Associate Associate Managing Member
(480) 429-4580 mark@retail1031.com sean@retail1031.com steven@retail1031.com
8255 E. RAINTREE DR, SUITE 100 MARK MCLOONE SEAN STEPHENSON STEVEN I. DAVIS SCOTTSDALE, AZ 85260 Associate Associate Managing Member (480) 429-4580 mark@retail1031.com sean@retail1031.com steven@retail1031.com
8255 E. RAINTREE DR, SUITE 100 MARK MCLOONE SEAN STEPHENSON STEVEN I. DAVIS SCOTTSDALE, AZ 85260 Associate Associate Managing Member (480) 429-4580 mark@retail1031.com sean@retail1031.com steven@retail1031.com
Estimated start of construction is 3rd week of May 2018 with completion approx.
120 days later (3rd week of September) and opening by September 30th, 2018.
8255 E. RAINTREE DR, SUITE 100 MARK MCLOONE SEAN STEPHENSON STEVEN I. DAVIS
SCOTTSDALE, AZ 85260 Associate Associate Managing Member
(480) 429-4580 mark@retail1031.com sean@retail1031.com steven@retail1031.com
ABOUT BURGER KING & FRANCHISEE
Every day, more than 11 million guests visit BURGER KING®
restaurants around the world. And they do so because our
restaurants are known for serving high-quality, great-tasting,
and affordable food. Founded in 1954, BURGER KING® is
the second largest fast food hamburger chain in the world.
The original HOME OF THE WHOPPER®, Burger King’s
commitment to premium ingredients, signature recipes, and
family-friendly dining experiences is what has defined their
brand for more than 50 successful years.
In 2010, 3G Capital, a global multi-million dollar investment
firm focused on long term value creation, purchased Burger
King Corporation, making it a privately-held company. To
learn more about 3G Capital, click here.
ABOUT FRANCHISEE
Loveloud, LC is a part of Meridian Restaurants, LC.
Meridian restaurants was founded in 2002 with 14
restaurants. In 2016, they achieved a long-term goal of 100
restaurants spread across 3 top-tier brands across 8 states:
Burger King, El Pollo Loco and Chili’s...And their growth
continues!
Meridian Restaurants’ name was chosen to represent what
they stand for. “Meridian” is defined as the pinnacle, the
best…striving for Excellence! Their purpose as a company
is: To Make A Positive Difference in People’s Lives. The lives
of their team members, guests and communities. Meridian
works every day to live their Mission of LOVE through their
Core Values and a Culture of Accountability. They pursue
accountability in a positive and principled manner, where
self accountability is taught and fostered. It may sound
cliché, but for Meridian, they want leaders that LOVE what
they do, LOVE their fellow team members and LOVE our
guests! Meridian feels the most powerful and important
emotion in life is LOVE!
REPRESENTATIVE PHOTO www.meridianrestaurantsunlimited.com
8255 E. RAINTREE DR, SUITE 100 MARK MCLOONE SEAN STEPHENSON STEVEN I. DAVIS
SCOTTSDALE, AZ 85260 Associate Associate Managing Member
(480) 429-4580 mark@retail1031.com sean@retail1031.com steven@retail1031.com
SIDNEY | MONTANA
Situated on the Yellowstone River, Sidney is the center of
trade for the area. Oil and agriculture are the main industries,
and crops include grains, sugar beets, corn, beans and hay.
Crane, Fairview, Lambert, Savage and Sidney are the cities
and towns located within Richland County. Cradled in the
outstretched arms of the mighty Missouri to the north and
the free flowing Yellowstone to the southeast, Richland
County is the only county in Montana with two major rivers
flowing through it. Richland County was established as
a county seat in 1914. The County encompasses 2,103
square miles (of which 18.9 square miles is inland water and
2084 square miles of it is land) tucked neatly in the heart
of the fertile Lower Yellowstone Valley. The County is also
just a few miles from the Confluence of the Missouri and
Yellowstone rivers.
The county ranks at or near the top of all Montana counties
in a number of agricultural and other production areas,
including number one in the production of sugar beets
and safflower. The county ranks second in oil production
in the state, and its livestock center is thirteenth in number
of animals handled in the course of a year. The barley
industry continues to grow in Richland County and is
currently ranked eighth in the state. Sidney, the county
seat of Richland County, is the state’s 19th largest city with a
population of an estimated total 5,934. Sidney is the major
shopping center in Eastern Montana and also attracts many
of the western North Dakota shoppers. Sidney boasts its
exceptional medical facilities, which adds to the Richland
County’s status as the major retail center within the region.
Sidney is home to the Mon Dak Heritage Center and Art
Gallery known as one of the best small town museums west
of the Mississippi.
8255 E. RAINTREE DR, SUITE 100 MARK MCLOONE SEAN STEPHENSON STEVEN I. DAVIS
SCOTTSDALE, AZ 85260 Associate Associate Managing Member
(480) 429-4580 mark@retail1031.com sean@retail1031.com steven@retail1031.comYou can also read
