RETAIL SPACE FOR LEASE 2201 Curve | Steamboat Springs, CO 80487 $25/sf NNN
Introduction
Table of Contents EXECUTIVE SUMMARY • Offering Terms • Investment Highlights • Location • Traffic Counts THE PROPERTY • Floor Plan THE MARKET
• Steamboat Springs
Property Tours
• Steamboat Springs - Market Information
Please schedule all property tours through listing broker and refrain from all tenant dialogue.
• Steamboat Springs in the Media
Exclusive Market Contact: CHRIS SIAS Colorado Group Realty Broker 970.819.5543 Chrissias@mybrokers.com
Investment Highlights P R O PERT Y S U M M A RY P R O PE R TY TYPE : L E A S E R AT E : C A M & TAXE S: AVA IL A B L E S QUAR E FE E T: ZO N IN G :
Ret ail C ondos $25/sf $7/sf 4,414 Commercial Ser vices
P O T E N T I A L USE : R esta u r ant, cof f ee shop, r e t ail, medical/den tal , of f i ce, grocery A unique opportunity in fast growing west Steamboat. Curve Plaza is a regional draw with national retailers Ace Hardware and Subway, plus established restaurant Big House Burgers, Kum and Go, and other high traffic retail outlets. There is great visibility from Highway 40 and the space has one of the only drive-through windows in town. This would be perfect for a restaurant or coffee house. Curve Plaza is adjacent to public safety facilities and courthouse, at a busy intersection bringing commuter traffic to and from Craig and points west, as well as local and visitor traffic to Clark and Steamboat Lake. New housing developments in the immediate area are a catalyst to growth. Current configuration combines a large public lobby with meeting rooms and offices. Tenant may reconfigure for alternate use. There is an option to expand the parking lot immediately in front of the space, and there is additional parking in the rear of the building.
NAT IONA L CHA INS IN S T EA MBOAT S PRINGS • Ace H a rdw a re • Sta rbucks (2 loca tions) • Kentucky Fried Chicken/ Ta co Bell • Subw a y (2 loca tions) • P a pa Murphy’s • Da iry Queen • Anytime Fitness • McDona lds • Dominos • P ostNet • Qdoba • Coldstone Crea mery • Sa lly Bea uty Supply • Sea rs H ometow n • Wa lgreens • Wa lma rt • Na pa Auto P a rts
Location Traffic Counts
Curv e Pla za i s l ocat ed on t h e we s t s i d e of S t e a mb oa t S p r i n g s a t a ma j or i n te rse c ti o n w i th S ta te H i g h w a y 4 0 . 2 0 1 6 numbers i ndi cat e 1 9 ,000 aut om ob i l e s t r a ve l i n g d a i l y t o a n d f rom S t e a mb o a t a n d 1 2 , 0 0 0 to a n d f ro m C ra i g .
Floor Plan Pa r k i ng
Fro
nt
Driv e Throug h
Parking
Snapshot of the Steamboat Community 2 7 . 4 % are you n g, mobi l e , we l l e du cated, and wel l -e mpl oye d, t hey a re mo re likely to re n t i n l ow-densi t y, u r b a n neighbor h oods t h rough ou t t h e co untry. Th e y go onl i ne for p rof e s s io nal net wor ki n g, on l i n e d a t i n g, and bl oggi n g. They buy n at u ral, o rganic, or envi ron ment al l yf r i e n dly pro duc ts.
1 4 . 7 % a re u p -a n d -comi n g , s o we f re q u e n t l y ch a n g e j ob s a s we cl i mb t h e l a d d e r. Th e y re n t h ou s i n g , wh i ch of t e n con s i s t s of con d os , t own h ome s , or a p a r t me n t s . Th e y t e n d t o l i ve i n l owe r-d e n s i t y n e i g h b or h ood s of l a rg e me t ro a re a s .
1 3 . 7 % te n d to b e m a rri e d c o u p l e s th a t l i v e i n th e su b u rb s. 8 0 % o w n th e i r h o m e s, a n d th e i r e d u c a ti o n a n d d i v e rsi ty l e v e l s m a tc h th e o v e ra l l US a v e ra g e . T h e y e a t o u t re g u l a rl y, b u t sp e n d l o ts o f ti m e o n h o m e i m p ro v e m e n t a n d re m o d e l i n g p ro j e c ts.
M A R K E T PROFILE
MAR KET PR O FI L E
M A RK E T P ROF I LE
• L iberal seg m e n t t hat co ntributes t o NPR an d PBS. • Sho p at Tra de r Joe’s an d Whol e Fo o ds. • Budget tim e —ut i l i ze h ome cleaning s er vi ce s so t h e re’s t ime fo r yoga. • U se the we b for profe ssi on al netwo rk ing , bl oggi ng, and online dating. • Read magazi n e s an d books on a tablet, som e t i mes whi l e ex erc ising a t h ome. • Go to art g al l e r i e s an d make a rt at ho me.
D emog r a p hi c s from E S R I : E S R I .c o m /t a p e s t r y
• Bu y d i g i t a l b ooks f or t a b l e t re a d i n g , a l on g wi t h ma g a z i n e s a n d n e ws p a p e r s . • F re q u e n t t h e d r y cl e a n e r. • G o on b u s i n e s s t r i p s , a ma j or p a r t of wor k. • Wa t ch movi e s a n d TV wi t h vi d e o-on -d e ma n d a n d HDTV ove r a h i g h -s p e e d con n e ct i on . • Con ve n i e n ce i s ke y— s h op a t A ma z on . com a n d p i ck u p d r u g s a t t h e Ta rg e t p h a r ma cy. • Ea t ou t a t Th e C h e e s e ca ke F a ct or y a n d C h i ck-f i l -A ; d rop b y S t a r b u cks f or coff e e . • L e i s u re a ct i vi t i e s i n cl u d e g a mb l i n g , t r i p s t o mu s e u ms a n d t h e b e a ch .
• E n j o y w o rk i n g o n h o m e i m p ro v e m e n t p ro j e c ts a n d w a tc h i n g D I Y n e tw o rk s. • M a k e f re q u e n t tri p s to w a re h o u se /c l u b a n d h o m e i m p ro v e m e n t sto re s i n th e i r m i n i v a n o r S UV. • O w n a g i a n t sc re e n T V w i th f i b e r- o p ti c c o n n e c ti o n a n d p re m i u m c a b l e ; re n t D V D s f ro m R e d b o x o r N e tf l i x . • Ve ry c o m f o rta b l e w i th n e w te c h n o l o g y ; e m b ra c e th e c o n v e n i e n c e o f c o m p l e ti n g ta sk s o n a m o b i l e d e v i c e . • E n j o y d i n i n g a t C h i l i ’s, C h i c k f i l - A, a n d P a n e ra B re a d . • F re q u e n tl y b u y c h i l d re n ’s c l o th e s a n d to y s.
Steamboat Springs Overview Often referred to as Ski Town, USA,ÂŽ and known for its World Class skiing facilities, Steamboat Springs was originally a summer resort. Travelers in the early 1900's visited Steamboat Springs in the summer months for the natural hot springs and vast hunting and fishing opportunities. Today, summer activities span the spectrum, including three championship golf courses, an indoor-outdoor tennis center, biking, hiking, kayaking, fly fishing, and horseback riding right in town. Howelsen Hill, which sits directly across the Yampa River to the south of Howelsen Place, opened in 1915 and is the oldest continuously operated ski area in Colorado. The complex has the largest and most complete natural ski-jumping complex in North America. Howelsen Hill is also the home of the Steamboat Springs Winter Sports Club, the oldest ski club west of the Mississippi. The club provides training in alpine, Nordic, freestyle, and snowboarding for athletes of all skill levels. Location Steamboat Springs is located approximately 150 miles northwest of Denver, and can be accessed via Highway 40 or the Yampa Valley Regional Airport, which has inbound flights from 11 major airports throughout the country. This offering presents an investor with a unique opportunity to acquire a premier asset in an internationally recognized location.
Steamboat Springs Market Information L A B OR F O R C E S TAT I S T I CS - RO U TT C OU N T Y 2 0 1 5
A CCO M M ODAT IONSS TEA M B O AT SP RINGS 201
L A B O R FOR CE :
14,458
NUMBER OF PI L L OW S:
20,542
EMPLOYED:
13,852
NUMBER O F B E DS:
11,411
NUMBER OF U NI TS:
3,390
U N E MPL O YE D: U N E MPL O YME NT R ATE :
606 2.4%
Source: Steamboat Springs Chamber
Source: Yampa Valley Data Partners
Steamboat Signature Events: • Winter Carnival • Pro Rodeo Series • Weekly Farmers Market • July 4th Celebration and Parade • First Friday Art Walk • Free Concert Series • Mustang Rally • Balloon Rodeo • Art In The Park • Triathlon and Running Series • Town Challenge Bike Race Series
PO P ULA T I O N
5 M I LES
10 M I LES
M E D I A N A GE :
3 7.5
37.9
M E D I A N A GE (M A LE ): M E D I A N A GE (F E M A LE ) :
3 6.1 3 8.9
36.5 39.4
5 M I LES
10 M I LES
2 ,816
7,515
2.3
2.3
$ 8 3,101 $ 6 1 9,280
$82,989 $631,221
TOT A L P O P ULA T I O N :
HO U S EH O L D S & IN CO M E
TOT A L H O U SE H OLD S: # P E RS O N S P E R HH : AV E RA G E HH I N CO M E : AV E RA G E HOUSE VALUE:
6 ,513
19,974
W hy Steamb oat? • Between 280,000 and 330,000 visitors come to Steamboat Springs annually. (Source: Steamboat Springs Chamber) • Steamboat is Colorado's fifth largest ski resort based on skiable acreage and ranks second in the state for the most number of trails. • Eight month tourist season with balanced winter and summer seasons. • Downtown Steamboat restaurant sales have increased 4.1% annually over the past five years and are 20% above their pre-recession peak. • Steamboat is the seat of Routt County and has an estimated 12,260 residents. Routt County has an estimated 23,865 residents. • A vibrant, historic Downtown district is home to 127 retail shops, including 43 restaurants. • Future tourism draw and upside from Steamboat's current development of the Yampa Street Promenade.
Steamboat Springs Recent News
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Brokerage Disclaimer This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property. This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owners of the Property (the “Owner�), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of Colorado Group Realty, LLC. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this memorandum, certain documents, including Leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Neither the Owner or Colorado Group Realty, LLC, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Colorado Group Realty, LLC. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Colorado Group Realty, LLC. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Colorado Group Realty, LLC.
Exclusive Market Contact: