Silver City Plaza - Silver City, NM

SILVER CITY PLAZA SILVER CITY, NM

SILV E R C IT Y P LAZ A

PRI C I N G & FI N A NC IA L ANALYS IS

Silver City Plaza 2320 US 180 Silver City, NM 88061

OFFERING SUMMARY Price Cap Rate Net Operating Income Price PSF Occupancy Lot Size Gross Leasable Area

$1,515,000 8.00% $121,043 $177.67 100% 3.62 Acres 8,527 SF

F I N A N C I A L A N A LY S I S

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SILV E R C IT Y P LAZ A

PRI C I N G & FI N A NC IA L ANALYS IS

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space GROSS POTENTIAL RENT

100%

CURRENT

PSF

$126,982

$14.89

$126,982

$14.89

Expense Reimbursements

EXPENSES

CURRENT

PSF

Real Estate Taxes

$5,203

$0.61

Insurance

$1,620

$0.19

CAM

$8,071

$0.95

$3,785

$0.44

$18,679

$2.19

Real Estate Taxes

$4,450

$0.52

Management Fee

Insurance

$1,386

$0.16

Total Expenses

CAM

$6,904

$0.81

Total Expense Reimbursements

$12,740

$1.49

GROSS POTENTIAL INCOME

$139,722

$16.39

EFFECTIVE GROSS REVENUE

$139,722

$16.39

Real Estate Taxes

($5,203)

($0.61)

Insurance

($1,620)

($0.19)

CAM

($8,071)

($0.95)

Management Fee

($3,785)

($0.44)

Total Recoverable Expenses

($18,679)

($2.19)

Net Operating Income

$121,043

$14.20

Operating Expenses

2.71%

For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com

F I N A N C I A L A N A LY S I S

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SILV E R C IT Y P LAZ A

RE NT RO L L Tenant

SQ FT

% of SQFT

Start

End

Annual Rent *

PSF

Escalation Date

Escalation Amount

Options

Lease Type

World Finance

1299

15.23%

7/2/2015

8/31/2024

$12,486

$9.61

9/1/2022

$10.23

1x3

NNN (5% Cap on CAM)

Little Ceasars

1347

15.80%

8/6/2012

12/31/2027

$17,388

$12.91

1/1/2028

-

1x5

NNN (Excl MGMT)

Ultra Health

1233

14.46%

8/1/2021

7/31/2026

$16,289

$13.21

-

-

-

Gross

City Nails

1233

14.46%

12/1/2016

12/1/2026

$14,436

$11.71

12/1/2022

$12.66

-

NNN (Excl MGMT)

UPS

1231

14.44%

8/1/2020

7/31/2026

$16,820

$13.66

-

-

-

NNN (Excl MGMT)

T-Mobile

2184

25.61%

1/1/2020

12/31/2025

$48,048

$22.00

1/1/2026

$24.20

3x5

NNN (Excl MGMT)

8,527

100%

$125,467

$14.71

0

-

8,527

100%

Occupied Vacant Total

*Analysis start date is 8/1/2022 ** Assumption that Little Caesars extends their lease 5 years

F I N A N C I A L A N A LY S I S

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SILV E R C IT Y P LAZ A

TE NA NT INF ORMAT I ON

DBA

Little Ceasars

Locations

4,100 +

Public/Private

Private

Line of Business

Headquartered in Detroit, Michigan, Little Caesars was founded by Mike and Marian Ilitch in 1959 as a single, family-owned restaurant. Today, Little Caesars is the third largest pizza chain in the world, with stores in each of the 50 U.S. states and 27 countries and territories. Little Caesars recently introduced contactless options for both delivery and carry-out through the Little Caesars app.

DBA

T-Mobile

Locations

7,900 +

Public/Private

Public

Line of Business

T-Mobile US, Inc. is engaged in provides wireless communications services to postpaid, prepaid and wholesale customers, as well as a selection of wireless devices and accessories. It provides service, devices and accessories across its flagship brands, T-Mobile, Metro by T-Mobile and Sprint, through its owned and operated retail stores, as well as through its Websites, T-Mobile app and customer care channels.

DBA

UPS

Locations

5,200 +

Line of Business

The UPS Store is a subsidiary of United Parcel Service which provides, according to its website, shipping, shredding, printing, fax, passport photos, personal and business mailboxes, and notary services. It is the world’s largest franchisor of retail shipping, postal, printing and business service centers.

PROPERTY DESCRIPTION

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I N VE S TMENT HI GHLI GHT S

•

100% Occupied Retail Center Shadow Anchored by Albertsons

•

Albertsons is the Dominant Grocer in Town

•

70% of GLA Leased to Nationally Recognized Tenants

•

Complementary Mix of Internet Resistant Tenants

•

Average Remaining Lease Term of 4.5 Years

•

Excellent Visibility & Traffic Counts off US Route 180

•

Situated on 3.62 Acres

•

Silver City is Home to Western New Mexico University – A Public University with Over 3,500 Students

•

Surrounding National Retailers Include Walmart Supercenter, Walgreens, McDonald’s, Sonic, Dollar Tree, Arby’s, Tractor Supply Co, Family Dollar, Pizza Hut, CVS, Denny’s, Version, NAPA Auto Parts & Many More

SILV E R C IT Y P LAZ A

PROPERTY DESCRIPTION

6

SILV E R C IT Y P LAZ A

a

Finan

ce

& Sp Nail

World

City

Ultra

Healt

h

S I T E PL A N

NOT A PART

NOT A PA

RT

PROPERTY DESCRIPTION

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SILV E R C IT Y P LAZ A

A E R I AL MA P

SILVER CITY BALLPARK

11,546 VPD

U S 180

2.75 ACRES INCLUDED

MARKET OVERVIEW

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LO C AL MA P

SILV E R C IT Y P LAZ A

MARKET OVERVIEW

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REG IONA L MA P

SILV E R C IT Y P LAZ A

MARKET OVERVIEW

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SILV E R C IT Y P LAZ A

M A R KET S U MMARY

Silver City, NM

OVERVIEW Silver City is a gem in Southwest New Mexico with forest recreation, a vibrant historic downtown, art community, and dozens of festivals and events.

This town sits in the sunny southwest corner of New Mexico and consists of equal parts Old West heritage and a distinctive arts and entertainment community, packed with a vibrant “small-town” style of living. Nestled against the 3.3 million acre Gila National Forest, Silver City is a quirky cultural town of just over 10,000 people. Silver City and Grant County have been recognized by arts, retirement, and quality-of-life publications for their unique combination of affordable livability, relaxed atmosphere and incredible beauty.

Boasting historical ties with Billy the Kid, the Gila Cliff Dwellings, and Geronimo, as well as the third largest open pit copper mine in the world, Silver City shines in its artistic, culinary, and historical offerings.

Silver City is home to a vibrant arts scene—one of the most renowned in the Southwest. Painters, potters,

printmakers, weavers, glass blowers, jewelry makers and other artisans have made their home here. The downtown Historic District in particular is home to more than a dozen restaurants, murals, and some thirty-plus galleries and artist studios.

At 6,000 feet, the summer monsoons enliven the lush landscape and provide an escape from the typical Southwestern heat. The Silver City climate is noted for its clear mountain air, low humidity and four gentle seasons.The bulk of Grant County and most of the towns in the county, including Silver City, fall into a high, arid region that resembles both parts of Arizona’s Chihuahuan Desert and New Mexico’s famously beautiful Ponderosa-clad mountains.

Western New Mexico University has called Silver City “home” since 1893. Offering more than 70 fields of study, online Masters’ and Bachelors’ programs, satellite campuses, and the classic oncampus university experience, WNMU is truly an asset to the community.

MARKET OVERVIEW

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SILV E R C IT Y P LAZ A

D E M OG RA PHIC STAT I ST I CS

1 Mile

3 Mile

5 Mile

Population

1 Mile

3 Mile

5 Mile

Households:

2010 Population

1,928

14,812

18,264

2010 Households

808

6,275

7,652

2020 Population

1,529

13,317

16,506

2020 Households

639

5,646

6,914

2025 Population Projection

1,428

12,844

15,938

2025 Household Projection

596

5,445

6,674

Median Age

43.6

45.3

45.8

Annual Growth 2010-2020

0.30%

0.30%

0.30%

Bachelor's Degree or Higher

30%

30%

28%

Owner Occupied

393

3,583

4,510

3

15

15

Renter Occupied

202

1,862

2,164

Avg Household Size

2.4

2.3

2.3

2

2

2

$18.5M

$160.4M

$199.6M

U.S. Armed Forces

Population by Race

Avg Household Vehicles

White

1,432

12,346

15,316

Black

15

223

257

American Indian/Alaskan Native

32

307

375

Asian

21

153

180

Avg Household Income

$70,772

$64,913

$65,366

Hawaiian & Pacific Islander

2

26

27

Median Household Income

$45,714

$42,667

$44,859

Two or More Races

27

262

351

< $25,000

218

1,787

2,073

785

6,532

7,997

$25,000 - 50,000

119

1,298

1,641

$50,000 - 75,000

92

822

1,049

Hispanic Origin

Housing Median Home Value Median Year Built

Total Consumer Spending

Income

$166,567

$164,930

$168,910

$75,000 - 100,000

78

619

806

1979

1976

1977

$100,000 - 125,000

30

504

582

$125,000 - 150,000

6

158

216

$150,000 - 200,000

57

228

280

$200,000+

38

230

268

Demographic data © CoStar 2021

MARKET OVERVIEW

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CONFIDENTIALITY 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 STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE. This offering memorandum has been prepared to provide summary, unverified financial and physical 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. STRIVE has not made any 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, PCBs or asbestos, the compliance with local, 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, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Commercial Disclaimer STRIVE hereby advises all prospective purchasers of commercial property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.

Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.

• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and • buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.

• Must not, unless specifically authorized in writing to do so by the party, disclose: ӽ that the owner will accept a price less than the written asking price; ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement.

• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Regulated by the Texas Real Estate Commission

Information available at www.trec.texas.gov IABS 1-0

exclusively listed 469.844.8880

STRIVERE.COM