Absolute NNN | The Rock Wood Fired Kitchen
For Sale | $2,960,000
Offering Highlights
Absolute NNN - No Landlord Responsibility
Strong Brand with 22 units in 6 States
Rick Graff
Senior Advisor
425.339.3638
rick.graff@svn.com
Ideal 1031 Exchange property
Multi Unit Franchise Operator
20 year lease with 10% rent increases every 5 years
www.coastsvn.com/
For Sale | Retail
Absolute NNN
4862 Hildebrand • Kennewick, WA 99337
Investment Overview
Sale Price:
Cap Rate:
NOI:
Lot Size:
Building Size:
Year Built:
Market:
Sub Market:
Cross Streets:
$2,960,000
6.25%
$185,000
1.38 Acres
6,291 SF plus
1,780 SF Mezzanine
2014
Tri Cities
Kennewick
Highway 395 and
Hildebrand Blvd
Property Overview
Property
This is a Single Tenant Absolute NNN Lease.
Location
The site is located at the NWC of Hildebrand and Highway 395 in the Southridge Area. Southridge is
experiencing much of the growth in Tri Cities with the New 168,000 square foot Trios Hospital scheduled to
open in June 2014 and the recent ground breaking or the 160,000 square foot medical office complex.
Adjacent to the site is the Southridge Sports Complex. It is a 52 acre park with 4 tournament baseball fields
and 2 youth soccer fields. Additionally, the growth in single and multi family construction is very strong and
contributes to this dynamic district. Tri Cities is the fastest growing metro area in the state of Washington and
ranked 5th in retail sales volume market. The growth of the wine industry has contributed significantly to the
regions economic success. The Columbia Valley is the second largest wine producing region in the United
States with more than 150 wineries. Napa Valley is the largest.
Presented by
RICK GRAFF
425.339.3638
rick.graff@svn.com
All Sperry Van Ness® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.coastsvn.com/
2
For Sale | Retail
The Rock Wood Fired Kitchen
4862 Hildebrand • Kennewick, WA 99337
Company Overview
Name
Restaurants
States
Restaurant Type
Atmosphere
The Rock Wood Fired
Kitchen
22
WA, OR, CO, AK and
Canada
Themed Family, Full
Service Casual Dining
Rock and Roll
Company Overview
Brand
Presented by
The Rock Wood-fired Kitchen is a family focused, full service casual dining concept. Though focusing on
gourmet wood fired pizza, The Rock offers an array of pastas, burgers, sandwiches and salads. Add unique
microbrews and cocktails to the list and you truly have something for everyone. Opened in 1995 as a gritty,
local pizza joint in Tacoma, The Rock’s gourmet pies and unique atmosphere quickly gained recognition. After
19 years, 22 locations have been added throughout Washington, Oregon, Canada, Colorado and Alaska with
additional 2 sites under construction in Texas and another soon to be in Southern California. The Rock’s
continued success has earned the company recognition as America’s Number One Independently Owned Pizza
Chain by Pizza Today Magazine. The Rock is continuing to grow and is looking to open stores in all areas of
North America. Two ownership groups currently run Rock locations in Washington State and are experiencing
the same success with plans to continue growth of their own.
RICK GRAFF
425.339.3638
rick.graff@svn.com
All Sperry Van Ness® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.coastsvn.com/
3
Retail Property For Sale
Absolute NNN
Complete Highlights
Investment Highlights
Absolute NNN - No Landlord Responsibilities
New 20 year lease
10% Increases every 5 years
Ideal 1031 Exchange Property
Multi Unit Franchise Operator
Property Highlights
High growth area
Brand New Class A Construction
Great corner location with great visibility
Adjacent new Hospital and Southridge High School
Economic & Demographic Highlights
Population of 260,000 in Tri Cities Market
$68,163 Average Household Income
Fastest Growing Metro Area in State of Washington
5th Highest Retail Sales Volumes Market in
Washington
All Sperry Van Ness® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.coastsvn.com/
4
Retail Property For Sale
Absolute NNN
LocationMaps
Map
Location
Location Description
This site is located at the NEC of Hildebrand and Highway 395 in the Southridge Area.
All Sperry Van Ness® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.coastsvn.com/
5
Retail Property For Sale
Absolute NNN
Demographics Report
For Sale | $2,960,000
4862 Hildebrand | Kennewick, WA 99337
1 Mile
5 Miles
10 Miles
1,775
92,879
224,122
641
34,201
77,801
2.8
2.7
2.9
$217,948
$176,058
$188,942
$87,308
$61,412
$65,469
Median Age - Male
38.9
35.2
33.4
32.2
32.5
31.6
Median Age - Female
41.9
34.6
33.3
1,558
87.8%
70,906
76.3%
160,823
71.8%
33
1.9%
2,068
2.2%
4,194
1.9%
66
3.7%
2,191
2.4%
5,606
2.5%
3
0.2%
59
0.1%
176
0.1%
20
1.1%
1,289
1.4%
2,525
1.1%
53
3.0%
14,168
15.3%
44,260
19.7%
134
7.5%
22,025
23.7%
69,023
30.8%
Total Population
Total Number of Households
Total Number of Persons per Household
Average House Value
Average Household Income
Median Age
Total Population - White
Total Percent - White
Total Population - Black
Total Percent - Black
Total Population - Asian
Total Percent - Asian
Total Population - Hawaiian
Total Percent - Hawaiian
Total Population - Indian
Total Percent - Indian
Total Population - Other
Total Percent - Other
Total Population - Hispanic
Total Percent - Hispanic
* Demographic information provided by BuildOut, Inc.
All Sperry Van Ness® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.coastsvn.com/
6
Retail Property For Sale
Absolute NNN
Confidentiality & Disclaimer
Disclaimer | Confidentiality
The material contained in this Investment Offering
Brochure is furnished solely for the purpose of considering
the purchase of the property within and is not to be used
for any other purpose. This information should not, under
any circumstances, be photocopied or disclosed to any
third party without the written consent of Sperry Van Ness
or Owner, or used for any purpose whatsoever other than
to evaluate the possible purchase of the Property.
The only party authorized to represent the Property Owner
(“Owner”) in connection with the sale of the Property is the
Sperry Van Ness Advisor listed in this proposal, and no
other person is authorized by the Owner to provide any
information or to make any representations other than
contained in this Investment Offering Brochure. If the
person receiving these materials does not choose to
pursue a purchase of the Property, this Offering Brochure
must be returned to Sperry Van Ness.
Neither the Sperry Van Ness Advisor nor the Owner make
any representation or warranty, express or implied, as to
the accuracy or completeness of the information contained
herein, and nothing contained herein is or shall be relied
upon as a promise or representation as to the future
performance of the Property. This Offering Brochure may
include certain statements and estimates by Sperry Van
Ness with respect to the projected future performance of
the Property. These Assumptions may or may not be proven
to be correct, and there can be no assurance that such
estimates will be achieved. Further, the Sperry Van Ness
Advisor and the Owner disclaim any and all liability for
representations or warranties, expressed or implied,
contained in or omitted from this Investment Offering
Brochure, or any other written or oral communication
transmitted or made available to the recipient. The
recipient shall be entitled to rely solely on those
representations
and warranties that may be made to it in any final, fully
executed and delivered Real Estate Purchase Agreement
between it and Owner.
The information contained herein is subject to change
without notice and the recipient of these materials shall
not look to Owner or the Sperry Van Ness Advisor, nor any
of their officers, employees, representatives, independent
contractors or affiliates, for the accuracy or completeness
thereof. Recipients of this Investment Offering Brochure are
advised and encouraged to conduct their own
comprehensive review and analysis of the Property.
This Investment Offering Brochure is a solicitation of
interest only and is not an offer to sell the Property. The
Owner expressly reserves the right, at its sole discretion, to
reject any or all expressions of interest to purchase the
Property and expressly reserves the right, at its sole
discretion, to terminate negotiations with any entity, for
any reason, at any time with or without notice. The Owner
shall have no legal commitment or obligation to any entity
reviewing the Investment Offering Brochure or making an
offer to purchase the Property unless and until the Owner
executes and delivers a signed Real Estate Purchase
Agreement on terms acceptable to Owner, in Owner’s sole
discretion. By submitting an offer, a prospective purchaser
will be deemed to have acknowledged the foregoing and
agreed to release the Owner and the Sperry Van Ness
Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds
with any prospective purchaser, any prospective purchaser
should not rely on any such correspondence or statements
as binding Owner. Only a fully executed Real Estate
Purchase Agreement shall bind the property and each
prospective purchaser proceeds at its own risk.
All Sperry Van Ness® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.coastsvn.com/
7