Sentinel Realty Advisors, profile picture
Uploaded bySentinel Realty Advisors
1,725 views

Crossroads janesville brochure

This document provides information on a $10.9 million investment property offering in Janesville, Wisconsin. The property is a 95% leased 109,359 square foot retail center located at a prime intersection with high traffic. It has 11.2 acres of land with 6 to 9 years remaining on existing tenant leases. The property offers a 10% cash on cash return with interest only financing and potential for expansion. Real estate brokers Thomas Vincent and Jeff Jansen are exclusively marketing the fully renovated and formerly Walmart-occupied property.

Real Estateâ—¦Businessâ—¦Economy & Financeâ—¦
Related topics:
Insights on Real Estate•

Embed presentation

Downloaded 12 times
Investment Property Offering $10,900,000 CROSSROADS OF JANESVILLE 3023 Milton Avenue, Janesville, WI 53545 Presented By: Thomas Vincent, Offering Highlights CCIM Prime Retail Strip 95% Leased/High 1803 Hicks Rd., Suite D Rolling Meadows, IL 60008 traffic counts (847)963-1031 vincentt@svn.com 7 to 10 year lease terms, 6 to 9 years remaining Jeff Jansen, CCIM 6680 Odana Rd, Suite 201 11,200 s.f. expansion approved / Outlot Madison, WI 53719 available (608)821-1401 jeff.jansen@svn.com Interest only financing- 10% cash on cash return 01/13/2011 All Sperry Van Ness® Offices Independently Owned and Operated.
All materials and information received or derived from Sperry Van Ness/Sentinel Realty Advisors, Inc. (Thomas S. Vincent)(hereinafter collectively “Sperry Van Ness”), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by Sperry Van Ness its directors, officers, agents, advisors, or affiliates 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 financial performance of the property for any party’s intended use or any and all other matters. Neither Sperry Van Ness 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 other matters of significance to such party. Sperry Van Ness 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 independent professionals 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. Sperry Van Ness makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Sperry Van Ness does not serve as a financial advisor to any party regarding 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 may be 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 market conditions, 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 a certified 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 with applicable 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 Sperry Van Ness in compliance with all applicable fair housing and equal opportunity laws. Sperry Van Ness/Sentinel Realty Advisors, Inc. (Thomas S. Vincent) is independently owned and operated.
Table of Contents 1 Financial Analysis Executive Summary Investment Information Financial Summary Rent Roll Summary 2 Additional Information 3 Advisor Profile Sales Comparables Map Location Map The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
1 . Financial Analysis All Sperry Van Ness® Offices Independently Owned and Operated.
CROSSROADS OF JANESVILLE Executive Summary List Price $10,900,000 Price Per GLA $99.67 Price Per Sq.Ft. $99.67 NOI $758,218 CAP 6.96 % Building Sq.Ft. 109,359 Land Acres 11.20 Occupancy. 95 % PROPERTY DESCRIPTION 3023 Milton Avenue, Janesville, WI 53545 Construction Block and Steel Renovation HIGHLIGHTS Former Walmart- redeveloped and renovated in 2008. Prime Retail Strip 95% Leased/High traffic counts Ingress/Egress Prime Visible corner located at the Southwest Corner of HWYs 7 to 10 year lease terms, 6 to 9 years remaining 26 and 14. Easy access to Interstate 94/39 11,200 s.f. expansion approved / Outlot available Area Prime site located at the Southwest Corner of HWYs 26 and 14. Interest only financing- 10% cash on cash return Easy access to Interstate 94/39. 20,000 - 30,000 cars per day; I 94/39 in excess of 60,000. Nearby retailers include: Home Depot, Best Buy, Target, T.J. Maxx, Michaels, Staples, K-Mart, Menards, Old Navy, Gander Mountain, Wal-Mart/Sam's Club Cross Street HWY 14 Property Tax Parcel No. 0218300107 Prime 109,359 sf retail center available for sale! 95% leased to Market Janesville Hobby Lobby, Slumberland, Anytime Fitness and Dollar Tree with 6 to 9 yrs remaining on all leases. 11,200 s.f. expansion Sub Market Rock County end cap approved. Outlot available separately. Former Walmart. Year Built 1988 More info: http://sale.svn.com/crossroadsjns Building Class A Location Class A Zoning Type B4-Business Highway Signalized Corner Yes Street Frontage No. of Buildings 1 No. of Stories 1 Exclusively Listed By: No. of Tenants 4 No. of Parking Spaces Thomas Vincent, CCIM Jeff Jansen, CCIM Parking Ratio (847)963-1031 (608)821-1401 vincentt@svn.com jeff.jansen@svn.com 01/18/2011
Investment Information CROSSROADS OF JANESVILLE 3023 Milton Avenue Janesville, WI 53545 Listing Price $10,900,000 GLA 109,359 Actual CAP 6.96 % Building S.F. 109,359 CAP Percent Occupied 95.40 % Price Per S.F. $99.67 Land Acres 11.20 Price Per GLA $99.67 Loan Amount $8,200,000 Expenses Per S.F. $3.14 Down Payment $2,700,000 Loan Description First Mortgage: non-recourse, interest only 4 years, 30 year amortization 3 years, rate adjusted in year 5. Mezzanine: Interest only 7 years to match term of first mortgage. Estimated Annualized Operating Data Actual Scheduled Income $917,033 Recapture / CAM $75,812 Percentage Rent $35,000 R E Tax Reimburse (72%) $135,750 Insurance Reimburse (72%) $15,872 Mgmnt Fee $ Tree-Anytime $3,733 Less Vacancy $81,734 Gross Operating Income $1,101,466 Less Expenses $343,248 Net Operating Income $758,218 Less Loan Payment $492,000 Pre-Tax Cash Flow $266,218 Cash on Cash Return 9.86 % Estimated Annualized Expenses Highlights Actual Projected Taxes $188,542 Prime Retail Strip 95% Leased/High Insurance $21,800 traffic counts Off-Site Management $17,007 7 to 10 year lease terms, 6 to 9 years remaining CAM $104,965 11,200 s.f. expansion approved / Outlot Reserves $10,934 available Total Expenses $343,248 $0 Interest only financing- 10% cash on Expenses Per S.F. $3.14 cash return The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Financial Summary Estimated Annualized Operating Data Actual Scheduled Income $917,033 Recapture / CAM $75,812 Percentage Rent $35,000 R E Tax Reimburse (72%) $135,750 Insurance Reimburse (72%) $15,872 Mgmnt Fee $ Tree-Anytime $3,733 Less Vacancy $81,734 Gross Operating Income $1,101,466 Less Expenses $343,248 Net Operating Income $758,218 Less Loan Payment $492,000 Pre-Tax Cash Flow $266,218 Cash on Cash Return 9.86 % Estimated Expense Summary Actual Total Estimated Expense $343,248 Proposed Financial Summary First Mortgage Mezzanine Loan Loan Amount $7,200,000 $1,000,000 Interest Rate 6.00% 6.00% Annual Payment $432,000 $60,000 Annual Principal Reduction Loan Type Interest Only Interest Only Terms and Description First Mortgage: non-recourse, interest only 4 years, 30 year amortization 3 years, rate adjusted in year 5. Mezzanine: Interest only 7 years to match term of first mortgage. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
w w w .s vn .c o m Rent Roll Summary Tenant Name Occupied Vacant Annual Occupied Vacant % of Escalations / Options / Comments S.F. S.F. Rent S.F. Rent Rent Total Hobby Lobby -10 years 58,200 $7.25 $421,950 $0 53.3 % Years 6-10 increase from $7.25 PSF to $7.50 PSF. Two of 5 years each. $7.75 PSF in first option period and $8.25 PSF in last option period. Net Lease. Tenant does all CAM and is reimbursed by Landlord. Slumberland - 10 years 30,341 $7.91 $240,000 $0 27.8 % 15% increase in years 6-10. Two of 5 years each, 10% increase for each 5 year option period. Gross lease, no reimbursements. Tenant is paying percentage rent estimated at $35,000 annually. Dollar Tree - 10 years 11,680 $11.50 $134,320 $0 10.7 % $.50 PSF increase in years 6-10. Two of 5 years each, $.50 PSF rent increase in each option period. Net lease. Anytime Fitness - 7 4,005 $13.07 $52,338 $0 3.7 % 4% increase in year 2 and 2% annual years increases in years 3-7. Two options of 5 years each with 2% annual increases. Net lease. To Be Leased 5,023 $13.50 $0 $67,810 4.6 % 104,226 5,023 $848,608 $67,810 100.0 % Potential Annual Income $916,418 Total S.F. 109,249 Avg. Annual Per S.F. $8.39 S.F. Vacancy (%) 4.60 % Rent Vacancy (%) 7.40 % The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. All Sperry Van Ness® Offices Independently Owned and Operated.
2 . Additional Information All Sperry Van Ness® Offices Independently Owned and Operated.
Confidentiality Agreement To: Tom Vincent Sperry Van Ness/Sentinel Realty Advisors, Inc. This Confidentiality Agreement is to be signed by the parties hereto prior to the release of property information. The property information is intended solely for the limited use by the parties hereto in considering whether to pursue an offer to acquire “The Crossroads of Janesville” located at 3023 Milton Avenue, Janesville, WI (the "Property"). The Property information contains brief, selected information pertaining to the business and affairs of the Property, It does not, however, purport to be all-inclusive or to contain all of the information which a prospective purchaser may desire or require, The Owner, nor any of its officers, employees or agents (hereinafter collectively referred to as "Owner") make any representation or warranty, express or implied, as to the accuracy or completeness of this information, and no liability of any kind whatsoever is assumed by Owner with respect thereto. Principal(s) including Principal’s Agent hereby agree to indemnify Owner from any loss or damage which Owner may suffer as a result of the undersigned's breach of the terms and conditions of this Confidentiality Agreement. Owner expressly reserves the right at Owner's sole, singular, exclusive and arbitrary discretion to reject any or all proposals or expressions of interest in this Property and to terminate discussions in connection therewith with any party at any time without notice. The Property information shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the business or affairs of the Property since the date of preparation of this information. The information provided bas been gathered from sources that are deemed reliable, but the Owner does not warrant or represent that the information is true and correct. You are advised to verify information independently. The Owner reserves the right to make any change, to add, delete, or modify the information or to withdraw the property from consideration at any time, without notice. The Property information is not to be construed as an offer, an expression of intent, an obligation, or as part of any contract or commitment, to sell the Property. Furthermore, the inclusion or exclusion of information relating to asbestos or any other hazardous, toxic or dangerous chemical item, waste or substance (thereinafter collectively referred to as "Waste") relating to the Property shall in no way be construed as creating any warranties or representations, expressed or implied by the Owner or its agents as to the existence or nonexistence or nature of waste in, under or on the Property, or to create legal and/or economic obligations upon the Owner, lessee and/or other holders of interest in the Property or a part thereof. Please acknowledge your consent and agreement to the foregoing by signing and returning the duplicate copy at which time the same shall constitute a binding Agreement between the parties. By: ___________________________________________ By:___________________________________________ Signature of Principal Signature of Principal’s Agent ___________________________________________ ______________________________________________ Printed Name Printed Name Address:___________________________________ Address:_______________________________________ __________________________________________ ______________________________________________ Phone:____________________________________ Phone:________________________________________ Email :____________________________________ Email :________________________________________ Accepted: Sperry Van Ness By:__________________________________________________
Hobby Lobby Slumberland Furniture The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Slumberland Furniture Anytime Fitness The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Dollar Tree Monument Sign view to Target The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
w w w .s vn .c o m Location Map The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. All Sperry Van Ness® Offices Independently Owned and Operated.
CROSSROADS OF JANESVILLE TENANT INFORMATION Hobby Lobby Hobby Lobby was founded by David Green in Oklahoma City in 1972. Mr. Green and his family have expanded from 300 square foot in the first location to become one of the largest retailers of arts and crafts in the U.S. The company presently operates approximately 463 stores in 39 states and plans to open its first stores in California and New England in 2011. The chain has approximately 18,000 employees. The typical store carries over 50,000 items in 13 departments including Crafts, Jewelry, Arts, Floral and Scrapbooking among others. Numerous classes in various arts and crafts are offered on a regular basis to help attract and retain customers. No stores in the chain are open on Sunday, as Mr. Green and his family Pentecostal Christians who have donated hundreds of millions of dollars to various religious institutions. The firm is ranked as the 267th largest private company in Fortune Magazine’s latest survey. Annual sales are estimated to be over $2.2 Billion dollars or just over $4.7MM annually for the average store. The companies largest competitors are Michaels and Joann’s. Michaels, the company’s largest competitor, has more than 1,000 stores and is also privately held. According to Wikipedia, average annual store sales are $3.9MM. Joann Stores has 756 stores in 48 states. This firm has just been purchased by Leonard Green & Partners for $1.6 Billion will go “private” in 2011. 228 of the firm’s stores are “large format” stores that offer crafts as well as fabrics. The “large format” stores average about $4.7MM in annual sales. The link to Hobby Lobby’s web site is: www.hobbylobby.com. Please visit the web site for more information. Anytime Fitness Anytime Fitness was founded in Cambridge, MN in 2002 by Jeff Klinger and Chuck Runyan. Their goal is to provide an affordable facility with quality equipment and a friendly atmosphere “Anytime” is now ranked 43rd on the top 500 franchise list, the 12th fastest growing franchise and 37th in the top global franchises. The chain has been awarded a top rating by Franchise Business Review for the past four years and an FBR 50 Franchisee Satisfaction Award.
The facilities are open 24/7 and most locations have 24 hour tanning salons with no charge. Information on the chain’s website indicates that a new facility opens every business day and a new member joins every 3 minutes. The web site is www.anytimefitness.com The franchisee for the facility in the Crossroads of Janesville is Jeff Brewer. Mr. Brewer has BBA from the University of Wisconsin in Madison. He is a certified personal trainer and an Elite Power Lifter. Slumberland In 1967, the first Slumberland store opened in Minnesota. Unlike most furniture stores, they started as a mattress and La-Z-Boy specialty shop. Merchandise categories and store count expanded over time. Today there are 118 stores in 11 states. Slumberland is now one of America's top sellers of La-Z-Boy upholstery, as well as the Midwest's largest retailer of Natuzzi leather and both Sealy and Simmons mattresses. The thrust of their merchandise plan is at middle and middle-high price points, the high volume segment of furniture business in the United States. They distribute furniture to their stores through three regional distribution centers (St. Paul- MN, Baraboo-WI, & Beresford-SD), which allows them to ship complete truckloads with a mix of different merchandise. Trucks are scheduled to meet stores' merchandise needs so the stores do not need to maintain large inventory levels. The company believes giving back to the community is not only a good idea, but an essential part of doing business. Citizenship and stewardship are two of the company's core values. As a family-owned business, they are proud to support activities and organizations that strengthen families and provide assistance to children and families in need. Knowing that a good night's sleep can have a positive impact on quality of life, Slumberland began the Homes for the Holidays program to provide new beds for families in need. Since 1993, Slumberland has partnered with local charities to identify and help families with no, or not enough, beds at home. More than 1,000 new beds are given away each year across the 11 states Slumberland serves. To date, more than 11,000 new beds have been donated to those who would otherwise be sleeping on the floor. Corporate Address: 3060 Centerville Rd. Little Canada, MN 55117 www.slumberland.com
The franchisee for the facility in the Crossroads of Janesville and several other store locations is LA Creations, Inc. Scott Libson is the President. Mr. Libson attended the University of Minnesota in the Twin Cities. Dollar Tree Dollar Tree, Inc. (NASDAQ: DLTR) is a chain of discount variety stores selling every item for $1.00 or less. The company was founded more than 50 years ago by K. R. Perry, a man who understood that the American shopper was looking for a bargain. Now a Fortune 500 company, Dollar Tree is headquartered in Chesapeake, Virginia and operates 4,009 stores throughout the continental US. Its stores are supported by a nationwide logistics network of nine Distribution Centers. The Company operates one dollar stores under the names of Dollar Tree and Dollar Bills. The Company also operates a multiprice-point variety chain under the name Deal$. Dollar Tree competes in the dollar store and low-end retail markets with the national chains Family Dollar, Big Lots, and Dollar General together with regional chains such as 99 Cents Only Stores, Fred's and many independent dollar stores nationwide. Each Dollar Tree stocks a wide variety of products including national, regional, and private-label brands. Some of the product departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, house wares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, books, and more. Many Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. In 2009, Dollar Tree launched a redesigned website (http://www.dollartree.com/) with a new e-commerce platform. DollarTree.com sells Dollar Tree merchandise in larger quantities to individuals, small businesses, and organizations. Every single item on the website is still only $1 or less and the Company offers free shipping to Dollar Tree stores. The Company also advertises in-store events, specials, seasonal promotions, and featured products through the site and users can locate a retail store, research information about Dollar Tree, and view product recalls. Dollar Tree also recently added customer ratings and reviews to the site so customers can go online and read and write reviews about Dollar Tree products.
Confidentiality Agreement To: Tom Vincent Sperry Van Ness/Sentinel Realty Advisors, Inc. This Confidentiality Agreement is to be signed by the parties hereto prior to the release of property information. The property information is intended solely for the limited use by the parties hereto in considering whether to pursue an offer to acquire “The Crossroads of Janesville” located at 3023 Milton Avenue, Janesville, WI (the "Property"). The Property information contains brief, selected information pertaining to the business and affairs of the Property, It does not, however, purport to be all-inclusive or to contain all of the information which a prospective purchaser may desire or require, The Owner, nor any of its officers, employees or agents (hereinafter collectively referred to as "Owner") make any representation or warranty, express or implied, as to the accuracy or completeness of this information, and no liability of any kind whatsoever is assumed by Owner with respect thereto. Principal(s) including Principal’s Agent hereby agree to indemnify Owner from any loss or damage which Owner may suffer as a result of the undersigned's breach of the terms and conditions of this Confidentiality Agreement. Owner expressly reserves the right at Owner's sole, singular, exclusive and arbitrary discretion to reject any or all proposals or expressions of interest in this Property and to terminate discussions in connection therewith with any party at any time without notice. The Property information shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the business or affairs of the Property since the date of preparation of this information. The information provided bas been gathered from sources that are deemed reliable, but the Owner does not warrant or represent that the information is true and correct. You are advised to verify information independently. The Owner reserves the right to make any change, to add, delete, or modify the information or to withdraw the property from consideration at any time, without notice. The Property information is not to be construed as an offer, an expression of intent, an obligation, or as part of any contract or commitment, to sell the Property. Furthermore, the inclusion or exclusion of information relating to asbestos or any other hazardous, toxic or dangerous chemical item, waste or substance (thereinafter collectively referred to as "Waste") relating to the Property shall in no way be construed as creating any warranties or representations, expressed or implied by the Owner or its agents as to the existence or nonexistence or nature of waste in, under or on the Property, or to create legal and/or economic obligations upon the Owner, lessee and/or other holders of interest in the Property or a part thereof. Please acknowledge your consent and agreement to the foregoing by signing and returning the duplicate copy at which time the same shall constitute a binding Agreement between the parties. By: ___________________________________________ By:___________________________________________ Signature of Principal Signature of Principal’s Agent ___________________________________________ ______________________________________________ Printed Name Printed Name Address:___________________________________ Address:_______________________________________ __________________________________________ ______________________________________________ Phone:____________________________________ Phone:________________________________________ Email :____________________________________ Email :________________________________________ Accepted: Sperry Van Ness By:__________________________________________________
Janesville Area Information Janesville is a moderately sized city with a population of 61,310 located on the Rock River in the rolling hills, rich fields and verdant woodlands of scenic south central Wisconsin. Janesville was founded in 1836 and has experienced steady growth and development ever since. Janesville’s long history of strong industry and economic success has helped turn the city into a major commercial and industrial center for the State-Line area. Perhaps what Janesville is best known for is its abundance of beautiful parks and recreational areas. Handy boat launches, numerous ball fields, playgrounds, two public golf courses, tennis courts, over 2,300 acres of parkland and 25+ miles of paved bike trail are just some of the amenities enjoyed by Janesville residents. Janesville is changing, gone is GM which many of its citizens relied on for employment for many years. But out of this challenge has emerged a stronger more flexible Janesville, ready to embrace the new world of business while maintaining a Midwest "Americana" lifestyle that many enjoy. Characteristics of the "new" Janesville include: A significant decline in the level of unionization along with the development of more competitive wage and benefit packages for manufacturing workers. A strong supply of highly skilled, advance manufacturing trained individuals looking for employment. Permit times for new industrial development can be as short as three weeks. Industrial land at $36,000/acre certified as "shovel ready" by the international site search team of Ady International Company and the Austin Company. Business incentives are scalable and flexible for each individual project. Janesville continues to have excellent transportation connectivity.
Retail within 1 mile of subject
Retail within 1 mile of subject
3023 Milton Ave, Janesville
3 . Advisor Profile All Sperry Van Ness® Offices Independently Owned and Operated.
Thomas Vincent, CCIM Advisors Sp e r r y Va n N e s s Ad v is o r s Tom Vincent, CCIM serves as a Managing Director for Sperry Van Ness, specializing in the sale of shopping centers and net leased properties nationwide. He also sells industrial, office and multifamily properties in Chicago and the Midwest. With over 35 years of experience, Vincent has secured over 300 transactions with a sales volume valued at over $360 million in the last nine years including numerous 1031 exchange transactions. Prior to joining Sperry Van Ness, Vincent operated Sentinel Realty Advisors, Inc. for more than five years. He owned and operated Fidelity Mortgage & Investment Corp.for over 20 years specializing in brokerage of commercial loans for all property types. He served as president and COO of Union Realty Mortgage Company and Senior Vice President HIC of Florida, a subsidary of Chase Manhattan Bank where he was instrumental in liquidating a $250MM portfolio of distressed assets. Vincent earned the CCIM designation in 1997 and is the past president (2004) of the Illinois Chapter of CCIM and a member of the International Council of Shopping Centers. Since 1991 Vincent has served as chairman of the Plan Commission for the City of Rolling Meadows, Illinois. He earned his bachelor's degree in banking and finance from the University of North Texas. Pam Vincent, CPA assists in the operation. Thomas Vincent, CCIM Managing Director Sperry Van Ness
Jeff Jansen, CCIM Advisors Sp e r r y Van N e s s Ad v is o r s Jeff Jansen, CCIM, serves as a senior advisor for Sperry Van Ness, specializing in the sale and leasing of office and retail property in Southern Wisconsin. As a licensed Wisconsin broker, Jansen has over 20 years of commercial real estate experience. Prior to joining Sperry Van Ness, Jansen served as a broker for First Weber, the largest brokerage firm in Wisconsin. While there, he was involved in the expansion of the commercial division. Previously, Jansen was director of property management at the Alexander Companies, and president of Greenway Properties. His extensive commercial real estate background includes: tenant and buyer representation for local and national companies, sales and leasing, property management, construction management, accounting, land and building development, multifamily sales and development, consulting and site selection. Jansen has earned the Certified Commercial Investment Member (CCIM) Jeff Jansen, CCIM designation, which is held by less than 4 percent of commercial brokers Senior Advisor nationwide. He served as president of the CCIM Wisconsin Chapter in Sperry Van Ness 2005. He is also a member of the Wisconsin REALTORS Association where he serves on the Professional Standards Committee. In addition, he is a member of The Commercial Brokers Group; the Commercial Investment Real Estate Exchange; the REALTORS Association of South Central Wisconsin; the International Council of Shopping Centers: the Madison Apartment Owners Association; and the Downtown Madison, Inc. Jansen obtained a Bachelor of Business Administration from The University of Iowa, Iowa City, Iowa.
Dan Roseliep, CPM Advisors Sp e r r y Va n N e s s Ad v is o r s Daniel G. Roseliep, CPM, serves as managing director for Sperry Van Ness/Altus Commercial Real Estate, specializing in the sale of multifamily and office property throughout the Southern Wisconsin market. Roseliep has over 30 years of brokerage and management experience. Prior to joining Sperry Van Ness, Roseliep was a sales associate for First Weber Group Commercial where he focused on the sale and leasing of commercial and investment property. He was also the president and chief executive officer of Heartland Management Company, an Iowa based property management firm that developed a $100 million portfolio comprised of 2400 apartment units in three states, 125,000 square feet of Class A office space, and an industrial distribution center. Active in the industry, Roseliep is a member of the Apartment Association of South Central Wisconsin, Downtown Madison Inc., the Commercial Investment Real Estate Exchange, the Commercial Brokers Group, the Iowa/Nebraska Affordable Housing Managers Association, the National Association of Realtors, and the Institute of Real Estate Management. Roseliep has been a guest lecturer at the University of Wisconsin Law School and currently serves as an adjunct instructor for the Real Estate department at Madison College. Roseliep has been a recipient of the Sperry Van Ness Platinum Achiever award, given to the firm’s top producers. Dan Roseliep, CPM Managing Director Roseliep graduated magna cum laude with a Bachelor of Arts in political science Sperry Van Ness from Loras College in Dubuque, Iowa. All Sperry Van Ness® Offices Independently Owned and Operated.

More Related Content

PDF
Brochure 7 26-11 east-court_village
bySentinel Realty Advisors
 
PDF
Prime Lot!
byHannahLobdell
 
PDF
11701 Bluegras Parkway
bytfluhr1018
 
PDF
11701 Bluegrass Parkway
bytfluhr1018
 
PDF
11701 Bluegras Parkway
bytfluhr1018
 
PDF
10000000311
byRandall Reese
 
PDF
Northern Crossing Bp Flyer
byabaker188
 
PDF
2007 mercedes benz c230 4 d sedan
byKevin Yaeger
 
Brochure 7 26-11 east-court_village
bySentinel Realty Advisors
 
Prime Lot!
byHannahLobdell
 
11701 Bluegras Parkway
bytfluhr1018
 
11701 Bluegrass Parkway
bytfluhr1018
 
11701 Bluegras Parkway
bytfluhr1018
 
10000000311
byRandall Reese
 
Northern Crossing Bp Flyer
byabaker188
 
2007 mercedes benz c230 4 d sedan
byKevin Yaeger
 

What's hot

PDF
MGMM IaCInfo02
byfinance29
 
PDF
xcel energy utility subsidiaries 200110-k
byfinance26
 
PDF
959 First Avenue - Midtown East Retail Available
byJake Horowitz
 
PDF
Katy green flyer
byMoodyrambin
 
PDF
Raw Land zoned for a Shopping Center
bydaveolson
 
PDF
Public notices for Aug. 1, 2012
byPost-Bulletin Co.
 
MGMM IaCInfo02
byfinance29
 
xcel energy utility subsidiaries 200110-k
byfinance26
 
959 First Avenue - Midtown East Retail Available
byJake Horowitz
 
Katy green flyer
byMoodyrambin
 
Raw Land zoned for a Shopping Center
bydaveolson
 
Public notices for Aug. 1, 2012
byPost-Bulletin Co.
 

Similar to Crossroads janesville brochure

PDF
The Shops at Lily Cache Creek
bySentinel Realty Advisors
 
PPT
Sperry Van Ness #CRE National Sales Meeting 2-19-13
bySVN International Corp.
 
PDF
Newtons Outpost Marketing Package
byColdwell Banker Commercial - RES
 
PDF
Chase Ground Lease Property
byThe Boulder Group
 
PDF
Tucker placemat
byCCIM Institute
 
PPT
Sperry Van Ness #CRE Monday National Sales Meeting 11-19-12
bySVN International Corp.
 
PDF
Slam Dunk for Equity Dollars? Public vs. Private Money Game
byVirtual ULI
 
PPT
Sperry Van Ness #CRE Monday National Sales Meeting September 24, 2012
bySVN International Corp.
 
PDF
Property_Survey_Template_Web
byAdam Pestka
 
PPT
Sperry Van Ness #CRE Monday National Sales Meeting 8-6-12
bySVN International Corp.
 
PPT
Sperry Van Ness #CRE Monday National Sales Meeting 10-8-12
bySVN International Corp.
 
PDF
McDonalds ground lease
byThe Boulder Group
 
PDF
ground leased McDonalds
byThe Boulder Group
 
PDF
Knowledge That Sells April 2012
bycolliersohio
 
PDF
Mid Island Portfolio
byarchibaldb
 
PDF
11 Mt. Laurel Drive, Russell, MA
byPaulawaldroup
 
PDF
Triple Net Lease Kohl's For Sale
byThe Boulder Group
 
PPT
Sperry Van Ness #CRE National Sales Meeting 1-7-13
bySVN International Corp.
 
PPT
Sperry Van Ness #CRE Monday National Sales Meeting 12-17-12
bySVN International Corp.
 
PPT
Sperry Van Ness #CRE Monday National Sales Meeting 11-12-12
bySVN International Corp.
 
The Shops at Lily Cache Creek
bySentinel Realty Advisors
 
Sperry Van Ness #CRE National Sales Meeting 2-19-13
bySVN International Corp.
 
Newtons Outpost Marketing Package
byColdwell Banker Commercial - RES
 
Chase Ground Lease Property
byThe Boulder Group
 
Tucker placemat
byCCIM Institute
 
Sperry Van Ness #CRE Monday National Sales Meeting 11-19-12
bySVN International Corp.
 
Slam Dunk for Equity Dollars? Public vs. Private Money Game
byVirtual ULI
 
Sperry Van Ness #CRE Monday National Sales Meeting September 24, 2012
bySVN International Corp.
 
Property_Survey_Template_Web
byAdam Pestka
 
Sperry Van Ness #CRE Monday National Sales Meeting 8-6-12
bySVN International Corp.
 
Sperry Van Ness #CRE Monday National Sales Meeting 10-8-12
bySVN International Corp.
 
McDonalds ground lease
byThe Boulder Group
 
ground leased McDonalds
byThe Boulder Group
 
Knowledge That Sells April 2012
bycolliersohio
 
Mid Island Portfolio
byarchibaldb
 
11 Mt. Laurel Drive, Russell, MA
byPaulawaldroup
 
Triple Net Lease Kohl's For Sale
byThe Boulder Group
 
Sperry Van Ness #CRE National Sales Meeting 1-7-13
bySVN International Corp.
 
Sperry Van Ness #CRE Monday National Sales Meeting 12-17-12
bySVN International Corp.
 
Sperry Van Ness #CRE Monday National Sales Meeting 11-12-12
bySVN International Corp.
 

More from Sentinel Realty Advisors

PDF
4701 n kedzie_package
bySentinel Realty Advisors
 
PDF
Oak Plaza Brochure
bySentinel Realty Advisors
 
PDF
Euclid Retail Center Mt. Prospect brochure
bySentinel Realty Advisors
 
PDF
Strategic Asset Management Planning
bySentinel Realty Advisors
 
PDF
Leveraging Process To Your Advantage
bySentinel Realty Advisors
 
PDF
Going Green To Get Green
bySentinel Realty Advisors
 
4701 n kedzie_package
bySentinel Realty Advisors
 
Oak Plaza Brochure
bySentinel Realty Advisors
 
Euclid Retail Center Mt. Prospect brochure
bySentinel Realty Advisors
 
Strategic Asset Management Planning
bySentinel Realty Advisors
 
Leveraging Process To Your Advantage
bySentinel Realty Advisors
 
Going Green To Get Green
bySentinel Realty Advisors
 

Crossroads janesville brochure

  • 1.
    Investment Property Offering $10,900,000 CROSSROADS OF JANESVILLE 3023 Milton Avenue, Janesville, WI 53545 Presented By: Thomas Vincent, Offering Highlights CCIM Prime Retail Strip 95% Leased/High 1803 Hicks Rd., Suite D Rolling Meadows, IL 60008 traffic counts (847)963-1031 vincentt@svn.com 7 to 10 year lease terms, 6 to 9 years remaining Jeff Jansen, CCIM 6680 Odana Rd, Suite 201 11,200 s.f. expansion approved / Outlot Madison, WI 53719 available (608)821-1401 jeff.jansen@svn.com Interest only financing- 10% cash on cash return 01/13/2011 All Sperry Van Ness® Offices Independently Owned and Operated.
  • 2.
    All materials andinformation received or derived from Sperry Van Ness/Sentinel Realty Advisors, Inc. (Thomas S. Vincent)(hereinafter collectively “Sperry Van Ness”), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by Sperry Van Ness its directors, officers, agents, advisors, or affiliates 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 financial performance of the property for any party’s intended use or any and all other matters. Neither Sperry Van Ness 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 other matters of significance to such party. Sperry Van Ness 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 independent professionals 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. Sperry Van Ness makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Sperry Van Ness does not serve as a financial advisor to any party regarding 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 may be 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 market conditions, 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 a certified 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 with applicable 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 Sperry Van Ness in compliance with all applicable fair housing and equal opportunity laws. Sperry Van Ness/Sentinel Realty Advisors, Inc. (Thomas S. Vincent) is independently owned and operated.
  • 3.
    Table of Contents 1 Financial Analysis Executive Summary Investment Information Financial Summary Rent Roll Summary 2 Additional Information 3 Advisor Profile Sales Comparables Map Location Map The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  • 4.
    1 . FinancialAnalysis All Sperry Van Ness® Offices Independently Owned and Operated.
  • 5.
    CROSSROADS OF JANESVILLE Executive Summary List Price $10,900,000 Price Per GLA $99.67 Price Per Sq.Ft. $99.67 NOI $758,218 CAP 6.96 % Building Sq.Ft. 109,359 Land Acres 11.20 Occupancy. 95 % PROPERTY DESCRIPTION 3023 Milton Avenue, Janesville, WI 53545 Construction Block and Steel Renovation HIGHLIGHTS Former Walmart- redeveloped and renovated in 2008. Prime Retail Strip 95% Leased/High traffic counts Ingress/Egress Prime Visible corner located at the Southwest Corner of HWYs 7 to 10 year lease terms, 6 to 9 years remaining 26 and 14. Easy access to Interstate 94/39 11,200 s.f. expansion approved / Outlot available Area Prime site located at the Southwest Corner of HWYs 26 and 14. Interest only financing- 10% cash on cash return Easy access to Interstate 94/39. 20,000 - 30,000 cars per day; I 94/39 in excess of 60,000. Nearby retailers include: Home Depot, Best Buy, Target, T.J. Maxx, Michaels, Staples, K-Mart, Menards, Old Navy, Gander Mountain, Wal-Mart/Sam's Club Cross Street HWY 14 Property Tax Parcel No. 0218300107 Prime 109,359 sf retail center available for sale! 95% leased to Market Janesville Hobby Lobby, Slumberland, Anytime Fitness and Dollar Tree with 6 to 9 yrs remaining on all leases. 11,200 s.f. expansion Sub Market Rock County end cap approved. Outlot available separately. Former Walmart. Year Built 1988 More info: http://sale.svn.com/crossroadsjns Building Class A Location Class A Zoning Type B4-Business Highway Signalized Corner Yes Street Frontage No. of Buildings 1 No. of Stories 1 Exclusively Listed By: No. of Tenants 4 No. of Parking Spaces Thomas Vincent, CCIM Jeff Jansen, CCIM Parking Ratio (847)963-1031 (608)821-1401 vincentt@svn.com jeff.jansen@svn.com 01/18/2011
  • 7.
    Investment Information CROSSROADS OFJANESVILLE 3023 Milton Avenue Janesville, WI 53545 Listing Price $10,900,000 GLA 109,359 Actual CAP 6.96 % Building S.F. 109,359 CAP Percent Occupied 95.40 % Price Per S.F. $99.67 Land Acres 11.20 Price Per GLA $99.67 Loan Amount $8,200,000 Expenses Per S.F. $3.14 Down Payment $2,700,000 Loan Description First Mortgage: non-recourse, interest only 4 years, 30 year amortization 3 years, rate adjusted in year 5. Mezzanine: Interest only 7 years to match term of first mortgage. Estimated Annualized Operating Data Actual Scheduled Income $917,033 Recapture / CAM $75,812 Percentage Rent $35,000 R E Tax Reimburse (72%) $135,750 Insurance Reimburse (72%) $15,872 Mgmnt Fee $ Tree-Anytime $3,733 Less Vacancy $81,734 Gross Operating Income $1,101,466 Less Expenses $343,248 Net Operating Income $758,218 Less Loan Payment $492,000 Pre-Tax Cash Flow $266,218 Cash on Cash Return 9.86 % Estimated Annualized Expenses Highlights Actual Projected Taxes $188,542 Prime Retail Strip 95% Leased/High Insurance $21,800 traffic counts Off-Site Management $17,007 7 to 10 year lease terms, 6 to 9 years remaining CAM $104,965 11,200 s.f. expansion approved / Outlot Reserves $10,934 available Total Expenses $343,248 $0 Interest only financing- 10% cash on Expenses Per S.F. $3.14 cash return The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  • 8.
    Financial Summary Estimated AnnualizedOperating Data Actual Scheduled Income $917,033 Recapture / CAM $75,812 Percentage Rent $35,000 R E Tax Reimburse (72%) $135,750 Insurance Reimburse (72%) $15,872 Mgmnt Fee $ Tree-Anytime $3,733 Less Vacancy $81,734 Gross Operating Income $1,101,466 Less Expenses $343,248 Net Operating Income $758,218 Less Loan Payment $492,000 Pre-Tax Cash Flow $266,218 Cash on Cash Return 9.86 % Estimated Expense Summary Actual Total Estimated Expense $343,248 Proposed Financial Summary First Mortgage Mezzanine Loan Loan Amount $7,200,000 $1,000,000 Interest Rate 6.00% 6.00% Annual Payment $432,000 $60,000 Annual Principal Reduction Loan Type Interest Only Interest Only Terms and Description First Mortgage: non-recourse, interest only 4 years, 30 year amortization 3 years, rate adjusted in year 5. Mezzanine: Interest only 7 years to match term of first mortgage. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  • 9.
    w w w.s vn .c o m Rent Roll Summary Tenant Name Occupied Vacant Annual Occupied Vacant % of Escalations / Options / Comments S.F. S.F. Rent S.F. Rent Rent Total Hobby Lobby -10 years 58,200 $7.25 $421,950 $0 53.3 % Years 6-10 increase from $7.25 PSF to $7.50 PSF. Two of 5 years each. $7.75 PSF in first option period and $8.25 PSF in last option period. Net Lease. Tenant does all CAM and is reimbursed by Landlord. Slumberland - 10 years 30,341 $7.91 $240,000 $0 27.8 % 15% increase in years 6-10. Two of 5 years each, 10% increase for each 5 year option period. Gross lease, no reimbursements. Tenant is paying percentage rent estimated at $35,000 annually. Dollar Tree - 10 years 11,680 $11.50 $134,320 $0 10.7 % $.50 PSF increase in years 6-10. Two of 5 years each, $.50 PSF rent increase in each option period. Net lease. Anytime Fitness - 7 4,005 $13.07 $52,338 $0 3.7 % 4% increase in year 2 and 2% annual years increases in years 3-7. Two options of 5 years each with 2% annual increases. Net lease. To Be Leased 5,023 $13.50 $0 $67,810 4.6 % 104,226 5,023 $848,608 $67,810 100.0 % Potential Annual Income $916,418 Total S.F. 109,249 Avg. Annual Per S.F. $8.39 S.F. Vacancy (%) 4.60 % Rent Vacancy (%) 7.40 % The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. All Sperry Van Ness® Offices Independently Owned and Operated.
  • 10.
    2 . AdditionalInformation All Sperry Van Ness® Offices Independently Owned and Operated.
  • 11.
    Confidentiality Agreement To: TomVincent Sperry Van Ness/Sentinel Realty Advisors, Inc. This Confidentiality Agreement is to be signed by the parties hereto prior to the release of property information. The property information is intended solely for the limited use by the parties hereto in considering whether to pursue an offer to acquire “The Crossroads of Janesville” located at 3023 Milton Avenue, Janesville, WI (the "Property"). The Property information contains brief, selected information pertaining to the business and affairs of the Property, It does not, however, purport to be all-inclusive or to contain all of the information which a prospective purchaser may desire or require, The Owner, nor any of its officers, employees or agents (hereinafter collectively referred to as "Owner") make any representation or warranty, express or implied, as to the accuracy or completeness of this information, and no liability of any kind whatsoever is assumed by Owner with respect thereto. Principal(s) including Principal’s Agent hereby agree to indemnify Owner from any loss or damage which Owner may suffer as a result of the undersigned's breach of the terms and conditions of this Confidentiality Agreement. Owner expressly reserves the right at Owner's sole, singular, exclusive and arbitrary discretion to reject any or all proposals or expressions of interest in this Property and to terminate discussions in connection therewith with any party at any time without notice. The Property information shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the business or affairs of the Property since the date of preparation of this information. The information provided bas been gathered from sources that are deemed reliable, but the Owner does not warrant or represent that the information is true and correct. You are advised to verify information independently. The Owner reserves the right to make any change, to add, delete, or modify the information or to withdraw the property from consideration at any time, without notice. The Property information is not to be construed as an offer, an expression of intent, an obligation, or as part of any contract or commitment, to sell the Property. Furthermore, the inclusion or exclusion of information relating to asbestos or any other hazardous, toxic or dangerous chemical item, waste or substance (thereinafter collectively referred to as "Waste") relating to the Property shall in no way be construed as creating any warranties or representations, expressed or implied by the Owner or its agents as to the existence or nonexistence or nature of waste in, under or on the Property, or to create legal and/or economic obligations upon the Owner, lessee and/or other holders of interest in the Property or a part thereof. Please acknowledge your consent and agreement to the foregoing by signing and returning the duplicate copy at which time the same shall constitute a binding Agreement between the parties. By: ___________________________________________ By:___________________________________________ Signature of Principal Signature of Principal’s Agent ___________________________________________ ______________________________________________ Printed Name Printed Name Address:___________________________________ Address:_______________________________________ __________________________________________ ______________________________________________ Phone:____________________________________ Phone:________________________________________ Email :____________________________________ Email :________________________________________ Accepted: Sperry Van Ness By:__________________________________________________
  • 12.
    Hobby Lobby Slumberland Furniture Theinformation listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  • 13.
    Slumberland Furniture Anytime Fitness The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  • 14.
    Dollar Tree Monument Signview to Target The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  • 15.
    w w w.s vn .c o m Location Map The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. All Sperry Van Ness® Offices Independently Owned and Operated.
  • 16.
    CROSSROADS OF JANESVILLE TENANT INFORMATION Hobby Lobby Hobby Lobby was founded by David Green in Oklahoma City in 1972. Mr. Green and his family have expanded from 300 square foot in the first location to become one of the largest retailers of arts and crafts in the U.S. The company presently operates approximately 463 stores in 39 states and plans to open its first stores in California and New England in 2011. The chain has approximately 18,000 employees. The typical store carries over 50,000 items in 13 departments including Crafts, Jewelry, Arts, Floral and Scrapbooking among others. Numerous classes in various arts and crafts are offered on a regular basis to help attract and retain customers. No stores in the chain are open on Sunday, as Mr. Green and his family Pentecostal Christians who have donated hundreds of millions of dollars to various religious institutions. The firm is ranked as the 267th largest private company in Fortune Magazine’s latest survey. Annual sales are estimated to be over $2.2 Billion dollars or just over $4.7MM annually for the average store. The companies largest competitors are Michaels and Joann’s. Michaels, the company’s largest competitor, has more than 1,000 stores and is also privately held. According to Wikipedia, average annual store sales are $3.9MM. Joann Stores has 756 stores in 48 states. This firm has just been purchased by Leonard Green & Partners for $1.6 Billion will go “private” in 2011. 228 of the firm’s stores are “large format” stores that offer crafts as well as fabrics. The “large format” stores average about $4.7MM in annual sales. The link to Hobby Lobby’s web site is: www.hobbylobby.com. Please visit the web site for more information. Anytime Fitness Anytime Fitness was founded in Cambridge, MN in 2002 by Jeff Klinger and Chuck Runyan. Their goal is to provide an affordable facility with quality equipment and a friendly atmosphere “Anytime” is now ranked 43rd on the top 500 franchise list, the 12th fastest growing franchise and 37th in the top global franchises. The chain has been awarded a top rating by Franchise Business Review for the past four years and an FBR 50 Franchisee Satisfaction Award.
  • 17.
    The facilities areopen 24/7 and most locations have 24 hour tanning salons with no charge. Information on the chain’s website indicates that a new facility opens every business day and a new member joins every 3 minutes. The web site is www.anytimefitness.com The franchisee for the facility in the Crossroads of Janesville is Jeff Brewer. Mr. Brewer has BBA from the University of Wisconsin in Madison. He is a certified personal trainer and an Elite Power Lifter. Slumberland In 1967, the first Slumberland store opened in Minnesota. Unlike most furniture stores, they started as a mattress and La-Z-Boy specialty shop. Merchandise categories and store count expanded over time. Today there are 118 stores in 11 states. Slumberland is now one of America's top sellers of La-Z-Boy upholstery, as well as the Midwest's largest retailer of Natuzzi leather and both Sealy and Simmons mattresses. The thrust of their merchandise plan is at middle and middle-high price points, the high volume segment of furniture business in the United States. They distribute furniture to their stores through three regional distribution centers (St. Paul- MN, Baraboo-WI, & Beresford-SD), which allows them to ship complete truckloads with a mix of different merchandise. Trucks are scheduled to meet stores' merchandise needs so the stores do not need to maintain large inventory levels. The company believes giving back to the community is not only a good idea, but an essential part of doing business. Citizenship and stewardship are two of the company's core values. As a family-owned business, they are proud to support activities and organizations that strengthen families and provide assistance to children and families in need. Knowing that a good night's sleep can have a positive impact on quality of life, Slumberland began the Homes for the Holidays program to provide new beds for families in need. Since 1993, Slumberland has partnered with local charities to identify and help families with no, or not enough, beds at home. More than 1,000 new beds are given away each year across the 11 states Slumberland serves. To date, more than 11,000 new beds have been donated to those who would otherwise be sleeping on the floor. Corporate Address: 3060 Centerville Rd. Little Canada, MN 55117 www.slumberland.com
  • 18.
    The franchisee forthe facility in the Crossroads of Janesville and several other store locations is LA Creations, Inc. Scott Libson is the President. Mr. Libson attended the University of Minnesota in the Twin Cities. Dollar Tree Dollar Tree, Inc. (NASDAQ: DLTR) is a chain of discount variety stores selling every item for $1.00 or less. The company was founded more than 50 years ago by K. R. Perry, a man who understood that the American shopper was looking for a bargain. Now a Fortune 500 company, Dollar Tree is headquartered in Chesapeake, Virginia and operates 4,009 stores throughout the continental US. Its stores are supported by a nationwide logistics network of nine Distribution Centers. The Company operates one dollar stores under the names of Dollar Tree and Dollar Bills. The Company also operates a multiprice-point variety chain under the name Deal$. Dollar Tree competes in the dollar store and low-end retail markets with the national chains Family Dollar, Big Lots, and Dollar General together with regional chains such as 99 Cents Only Stores, Fred's and many independent dollar stores nationwide. Each Dollar Tree stocks a wide variety of products including national, regional, and private-label brands. Some of the product departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, house wares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, books, and more. Many Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. In 2009, Dollar Tree launched a redesigned website (http://www.dollartree.com/) with a new e-commerce platform. DollarTree.com sells Dollar Tree merchandise in larger quantities to individuals, small businesses, and organizations. Every single item on the website is still only $1 or less and the Company offers free shipping to Dollar Tree stores. The Company also advertises in-store events, specials, seasonal promotions, and featured products through the site and users can locate a retail store, research information about Dollar Tree, and view product recalls. Dollar Tree also recently added customer ratings and reviews to the site so customers can go online and read and write reviews about Dollar Tree products.
  • 19.
    Confidentiality Agreement To: TomVincent Sperry Van Ness/Sentinel Realty Advisors, Inc. This Confidentiality Agreement is to be signed by the parties hereto prior to the release of property information. The property information is intended solely for the limited use by the parties hereto in considering whether to pursue an offer to acquire “The Crossroads of Janesville” located at 3023 Milton Avenue, Janesville, WI (the "Property"). The Property information contains brief, selected information pertaining to the business and affairs of the Property, It does not, however, purport to be all-inclusive or to contain all of the information which a prospective purchaser may desire or require, The Owner, nor any of its officers, employees or agents (hereinafter collectively referred to as "Owner") make any representation or warranty, express or implied, as to the accuracy or completeness of this information, and no liability of any kind whatsoever is assumed by Owner with respect thereto. Principal(s) including Principal’s Agent hereby agree to indemnify Owner from any loss or damage which Owner may suffer as a result of the undersigned's breach of the terms and conditions of this Confidentiality Agreement. Owner expressly reserves the right at Owner's sole, singular, exclusive and arbitrary discretion to reject any or all proposals or expressions of interest in this Property and to terminate discussions in connection therewith with any party at any time without notice. The Property information shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the business or affairs of the Property since the date of preparation of this information. The information provided bas been gathered from sources that are deemed reliable, but the Owner does not warrant or represent that the information is true and correct. You are advised to verify information independently. The Owner reserves the right to make any change, to add, delete, or modify the information or to withdraw the property from consideration at any time, without notice. The Property information is not to be construed as an offer, an expression of intent, an obligation, or as part of any contract or commitment, to sell the Property. Furthermore, the inclusion or exclusion of information relating to asbestos or any other hazardous, toxic or dangerous chemical item, waste or substance (thereinafter collectively referred to as "Waste") relating to the Property shall in no way be construed as creating any warranties or representations, expressed or implied by the Owner or its agents as to the existence or nonexistence or nature of waste in, under or on the Property, or to create legal and/or economic obligations upon the Owner, lessee and/or other holders of interest in the Property or a part thereof. Please acknowledge your consent and agreement to the foregoing by signing and returning the duplicate copy at which time the same shall constitute a binding Agreement between the parties. By: ___________________________________________ By:___________________________________________ Signature of Principal Signature of Principal’s Agent ___________________________________________ ______________________________________________ Printed Name Printed Name Address:___________________________________ Address:_______________________________________ __________________________________________ ______________________________________________ Phone:____________________________________ Phone:________________________________________ Email :____________________________________ Email :________________________________________ Accepted: Sperry Van Ness By:__________________________________________________
  • 20.
    Janesville Area Information Janesvilleis a moderately sized city with a population of 61,310 located on the Rock River in the rolling hills, rich fields and verdant woodlands of scenic south central Wisconsin. Janesville was founded in 1836 and has experienced steady growth and development ever since. Janesville’s long history of strong industry and economic success has helped turn the city into a major commercial and industrial center for the State-Line area. Perhaps what Janesville is best known for is its abundance of beautiful parks and recreational areas. Handy boat launches, numerous ball fields, playgrounds, two public golf courses, tennis courts, over 2,300 acres of parkland and 25+ miles of paved bike trail are just some of the amenities enjoyed by Janesville residents. Janesville is changing, gone is GM which many of its citizens relied on for employment for many years. But out of this challenge has emerged a stronger more flexible Janesville, ready to embrace the new world of business while maintaining a Midwest "Americana" lifestyle that many enjoy. Characteristics of the "new" Janesville include: A significant decline in the level of unionization along with the development of more competitive wage and benefit packages for manufacturing workers. A strong supply of highly skilled, advance manufacturing trained individuals looking for employment. Permit times for new industrial development can be as short as three weeks. Industrial land at $36,000/acre certified as "shovel ready" by the international site search team of Ady International Company and the Austin Company. Business incentives are scalable and flexible for each individual project. Janesville continues to have excellent transportation connectivity.
  • 21.
    Retail within 1mile of subject
  • 22.
    Retail within 1mile of subject
  • 23.
    3023 Milton Ave,Janesville
  • 24.
    3 . AdvisorProfile All Sperry Van Ness® Offices Independently Owned and Operated.
  • 25.
    Thomas Vincent, CCIM Advisors Sp e r r y Va n N e s s Ad v is o r s Tom Vincent, CCIM serves as a Managing Director for Sperry Van Ness, specializing in the sale of shopping centers and net leased properties nationwide. He also sells industrial, office and multifamily properties in Chicago and the Midwest. With over 35 years of experience, Vincent has secured over 300 transactions with a sales volume valued at over $360 million in the last nine years including numerous 1031 exchange transactions. Prior to joining Sperry Van Ness, Vincent operated Sentinel Realty Advisors, Inc. for more than five years. He owned and operated Fidelity Mortgage & Investment Corp.for over 20 years specializing in brokerage of commercial loans for all property types. He served as president and COO of Union Realty Mortgage Company and Senior Vice President HIC of Florida, a subsidary of Chase Manhattan Bank where he was instrumental in liquidating a $250MM portfolio of distressed assets. Vincent earned the CCIM designation in 1997 and is the past president (2004) of the Illinois Chapter of CCIM and a member of the International Council of Shopping Centers. Since 1991 Vincent has served as chairman of the Plan Commission for the City of Rolling Meadows, Illinois. He earned his bachelor's degree in banking and finance from the University of North Texas. Pam Vincent, CPA assists in the operation. Thomas Vincent, CCIM Managing Director Sperry Van Ness
  • 26.
    Jeff Jansen, CCIM Advisors Sp e r r y Van N e s s Ad v is o r s Jeff Jansen, CCIM, serves as a senior advisor for Sperry Van Ness, specializing in the sale and leasing of office and retail property in Southern Wisconsin. As a licensed Wisconsin broker, Jansen has over 20 years of commercial real estate experience. Prior to joining Sperry Van Ness, Jansen served as a broker for First Weber, the largest brokerage firm in Wisconsin. While there, he was involved in the expansion of the commercial division. Previously, Jansen was director of property management at the Alexander Companies, and president of Greenway Properties. His extensive commercial real estate background includes: tenant and buyer representation for local and national companies, sales and leasing, property management, construction management, accounting, land and building development, multifamily sales and development, consulting and site selection. Jansen has earned the Certified Commercial Investment Member (CCIM) Jeff Jansen, CCIM designation, which is held by less than 4 percent of commercial brokers Senior Advisor nationwide. He served as president of the CCIM Wisconsin Chapter in Sperry Van Ness 2005. He is also a member of the Wisconsin REALTORS Association where he serves on the Professional Standards Committee. In addition, he is a member of The Commercial Brokers Group; the Commercial Investment Real Estate Exchange; the REALTORS Association of South Central Wisconsin; the International Council of Shopping Centers: the Madison Apartment Owners Association; and the Downtown Madison, Inc. Jansen obtained a Bachelor of Business Administration from The University of Iowa, Iowa City, Iowa.
  • 27.
    Dan Roseliep, CPM Advisors Sp e r r y Va n N e s s Ad v is o r s Daniel G. Roseliep, CPM, serves as managing director for Sperry Van Ness/Altus Commercial Real Estate, specializing in the sale of multifamily and office property throughout the Southern Wisconsin market. Roseliep has over 30 years of brokerage and management experience. Prior to joining Sperry Van Ness, Roseliep was a sales associate for First Weber Group Commercial where he focused on the sale and leasing of commercial and investment property. He was also the president and chief executive officer of Heartland Management Company, an Iowa based property management firm that developed a $100 million portfolio comprised of 2400 apartment units in three states, 125,000 square feet of Class A office space, and an industrial distribution center. Active in the industry, Roseliep is a member of the Apartment Association of South Central Wisconsin, Downtown Madison Inc., the Commercial Investment Real Estate Exchange, the Commercial Brokers Group, the Iowa/Nebraska Affordable Housing Managers Association, the National Association of Realtors, and the Institute of Real Estate Management. Roseliep has been a guest lecturer at the University of Wisconsin Law School and currently serves as an adjunct instructor for the Real Estate department at Madison College. Roseliep has been a recipient of the Sperry Van Ness Platinum Achiever award, given to the firm’s top producers. Dan Roseliep, CPM Managing Director Roseliep graduated magna cum laude with a Bachelor of Arts in political science Sperry Van Ness from Loras College in Dubuque, Iowa. All Sperry Van Ness® Offices Independently Owned and Operated.