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Oldtown Commons, LLC

Retail Building | Oldtown, ID Minimum Investment: $30,000
Oldtown Commons, LLC
description

Property Highlights:

  • Newer Construction: 2016
  • 25,860 sqft Retail Space
  • Tenant: National Chain Store
  • Lease Terms: 15 Years

This retail space sits on 3.5 acres in a high traffic area with great visibility. A 25,860 square foot building completed in 2016, it has a 15-year, triple-net lease contract in place with a national tenant. For every $30,000 unit subscribed to Equilus Capital Partners, LLC, the investor will own one membership unit or approximately 1% beneficial ownership interest in the Capital Partnership, LLC, of OldTown Commons, LLC. 

All monies will be applied directly to a title ownership interest via the LLC     Partnership. Initial funds will be held in interest-bearing equity trust funds until the project moves into the income phase. Annual profits, losses, and distributions are passed through to the membership base for as long as there are operating projects in the members' LLC portfolio. Most projects in the portfolio are planned on a basis of   4-10 years, at which time the LLC may sell the retail property for an appreciated asset return of capital.

 

Project Assumptions:

A base purchase price of $3,000,000.00 dollar for 3.5 acres in a high traffic area, including a 25,860 sqft building with a 15 year triple-net lease contract with a national tenant. This project is projected to produce $80,000 gross income during the first six months in 2020.  Then per the terms of the lease, the gross rental income is contracted as follows: $160,000 per year for years 2-6; $168,000 per year for years 7-11; and $176,400 for year 12. This project looks to produce a total of approximately $1,795,200.25 in rental income within a 12-year time frame. This projection is net total of any debt service, and total projected property Management and Operations     expenses of $8300 per year, which includes an annual fee to the Fiduciary Trustee.

 


Oldtown Commons, LLC

Retail Building | Oldtown, ID Minimum Investment: $30,000