COLEMAN MARKETPLACE - CBRE Marketplace
COLEMAN MARKETPLACE - CBRE Marketplace
COLEMAN MARKETPLACE - CBRE Marketplace
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Capital Markets | National Retail Investment Group<br />
:: INVESTMENT OFFERING<br />
<strong>COLEMAN</strong> <strong>MARKETPLACE</strong><br />
155 HOLT GARRISON PARKWAY<br />
DANVILLE, VIRGINIA 24540<br />
Investment Highlights<br />
••<br />
A newly constructed 459,613 square foot dominant regional<br />
shopping center including a 126,184 square foot shadow anchor<br />
Target, a Home Depot ground lease, and an additional 53 acres,<br />
40 of which are zoned RMF for a potential multi-family site<br />
••<br />
Extensive storefront visibility featuring attractive architecture,<br />
beautifully maintained landscaping, decorative storefronts and<br />
inviting walkways<br />
••<br />
Conveniently accessible by two points of signalized access from<br />
Central Boulevard which sees over 36,000 vehicles per day<br />
••<br />
Strategically located in the heart of Danville’s primary retail node<br />
and anchored by some of the Nation’s most powerful credit<br />
retailers including The Home Depot, Marshalls, Old Navy, Dicks,<br />
Ross Dress for Less and Petco<br />
••<br />
The center is shadow anchored and benefits from the strong<br />
customer drawing power of Target, one of the largest discount<br />
retailers in the United States<br />
••<br />
The Target store at Coleman <strong>Marketplace</strong> has a significant grocery<br />
component further increasing the drawing power of this important<br />
shadow anchor<br />
••<br />
Strong trade area with over 75,000 people living within ten miles<br />
of the property<br />
••<br />
Exceptional regional anchor drawing power with the next closest<br />
Home Depot and Target locations over 37 and 45 miles away<br />
respectively<br />
••<br />
Low in-line trade area vacancy in competing shopping centers of<br />
1.4%<br />
:: INVESTMENT OPPORTUNITY<br />
••<br />
Advantageously positioned as Southside Virginia’s primary<br />
regional shopping center, bringing in customers from an extensive<br />
trade area including the surrounding communities of Martinsville,<br />
South Boston, Chatham, Gretna, Eden and Yanceyville<br />
••<br />
Beneficially located in Danville, a city in the midst of an economic<br />
renaissance as witnessed by the implementation of the River<br />
District Revitalization Project<br />
••<br />
Immediate opportunity to significantly increase cash flow through<br />
the leasing of the 27,798 square feet of available retail space as<br />
well as the opportunity to buy and develop one or more of the<br />
four highly visible pad sites contiguous to the center<br />
Total GLA Including Shadow Anchors:<br />
Total Offering GLA:<br />
Home Depot (Ground Lease):<br />
Target (Shadow Anchor):<br />
Dick’s Sporting Goods:<br />
Marshalls:<br />
Ross Dress for Less:<br />
Petco:<br />
Old Navy:<br />
Shop Space:<br />
459,613 SF<br />
202,578 SF<br />
130,851 SF<br />
126,184 SF<br />
45,358 SF<br />
25,274 SF<br />
24,970 SF<br />
15,344 SF<br />
15,247 SF<br />
76,385 SF<br />
Occupancy: 86%<br />
Estimated As-Is NOI Dec 2013: $1,964,689<br />
Estimated Stabilized NOI Dec 2014: $2,396,666<br />
Completion: 2007<br />
Parking:<br />
Average Traffic Counts (Central Boulevard):<br />
1,856 spaces<br />
36,000 vehicles/day<br />
Capital Markets | National Retail Investment Group<br />
Atlanta :: Boston :: Charlotte :: Chicago :: Dallas :: Miami :: Newport Beach :: Washington, D.C.
Available<br />
Available<br />
Available<br />
Rue 21<br />
Garden<br />
Center<br />
Outparcel 2<br />
1.2 Acres<br />
Available<br />
Available Available<br />
Available Available<br />
Edward Edward Jones Jones<br />
Available Available<br />
Shorty's Bakery, Inc.<br />
Next Next Level Level Nutrition Nutrition<br />
Available Available<br />
Sally Beauty Supply<br />
America's Best<br />
Luxury Nails<br />
Wireless Zone (Verizon)<br />
Outparcel 4<br />
1.04 Acres<br />
HOLT HOLT GARRISON GARRISON PARKWAY PARKWAY<br />
Outparcel 5<br />
1.13 Acres<br />
Outparcel 3<br />
1.14 Acres<br />
CENTRAL BOULEVARD<br />
San Marcos<br />
Mexican Party Party Palooza Palooza<br />
Restaurant<br />
Available<br />
Lifeway Christian<br />
Resources Resources Available<br />
Elegant Nails<br />
AT&T H&R Block<br />
Available<br />
Subway<br />
Available<br />
Wood's Wood's Menswear Menswear Ltd. Ltd.<br />
Sweet Sweet Frog Frog Yogurt Yogurt State Farm<br />
Available<br />
Telos Wireless<br />
Sylvan Sylvan Learning Learning Center Center<br />
Outparcel 2<br />
1.2 Acres<br />
For more information, please contact:<br />
:: R. William Kent<br />
Executive Vice President<br />
202.585.5592<br />
bill.kent@cbre.com<br />
:: Gary S. Lawrence<br />
Executive Vice President<br />
202.585.5533<br />
gary.lawrence@cbre.com<br />
:: <strong>CBRE</strong><br />
750 9th Street, NW<br />
Suite 900<br />
Washington, DC 20001<br />
202.783.8200 Coleman <strong>Marketplace</strong><br />
:: PK Kamath<br />
Senior Vice President<br />
434.284.4001<br />
pk.kamath@cbre.com<br />
:: Van Wehr<br />
Senior Vice President<br />
404.504.5923<br />
van.wehr@cbre.com<br />
© 2012 <strong>CBRE</strong>, Inc. <strong>CBRE</strong> statistics contained herein may represent a different data set than that used to generate National Vacancy and Availability Index statistics published by <strong>CBRE</strong>’s Corporate Communications<br />
Department or <strong>CBRE</strong>’s research and econometric forecasting unit, <strong>CBRE</strong>—Econometric Advisors. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not<br />
verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for<br />
example only and do not represent the current or future performance of the market. This information is designed exclusively for use by <strong>CBRE</strong> clients, and cannot be reproduced without prior written permission of <strong>CBRE</strong>.<br />
<strong>CBRE</strong> and the <strong>CBRE</strong> logo are service marks of <strong>CBRE</strong>, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective<br />
owners.<br />
Capital Markets | National Retail Investment Group<br />
Atlanta :: Boston :: Charlotte :: Chicago :: Dallas :: Miami :: Newport Beach :: Washington, D.C.
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