18. FREEPORT VILLAGE STATIONFREEPORT VILLAGE STATION
NEW CENTER DEVELOPED BY LL BEANNEW CENTER DEVELOPED BY LL BEAN
LOCATED IN THE CENTER OF TOWNLOCATED IN THE CENTER OF TOWN
ONE MAJOR LEVEL OF RETAIL WITH TWO LEVELS OF COVERED PARKING DECKONE MAJOR LEVEL OF RETAIL WITH TWO LEVELS OF COVERED PARKING DECK
CENTER OPENED IN MAY 2009CENTER OPENED IN MAY 2009
FRONTS MAIN STREET,HAS THREE MAJOR ENTRIESFRONTS MAIN STREET,HAS THREE MAJOR ENTRIES
PRIMARY TENANTS INCLUDE :PRIMARY TENANTS INCLUDE :
BROOKS BROTHERS 9000 FT. 3.7BROOKS BROTHERS 9000 FT. 3.7
LL BEAN OUTLET 13,000 FT. 7.9LL BEAN OUTLET 13,000 FT. 7.9
NIKE 8164 FT 3.5NIKE 8164 FT 3.5
COACH 3860 4.8COACH 3860 4.8
VAN HEUSEN 4000 FT. 1.8VAN HEUSEN 4000 FT. 1.8
BASS 5994 FT 1.6BASS 5994 FT 1.6
IZOD 3012 FT. 750,000IZOD 3012 FT. 750,000
CALVIN KLEIN 6000 FT. 1.9CALVIN KLEIN 6000 FT. 1.9
FAMOUS FOOTWEAR 5587 FT. 2.4FAMOUS FOOTWEAR 5587 FT. 2.4
ADJACENT TO THE FOLLOWING RETAILERSADJACENT TO THE FOLLOWING RETAILERS
POLOPOLO
NINE WESTNINE WEST
HARTMANNHARTMANN
COLE HAANCOLE HAAN
NAUTICANAUTICA
19. EXISTING STOREEXISTING STORE
LEASE EXPIRES APRIL 30,2011LEASE EXPIRES APRIL 30,2011
SIZE: 963 SQUARE FEETSIZE: 963 SQUARE FEET
PROJECTED 2010 SALES: $651,000PROJECTED 2010 SALES: $651,000
SALES PER SQ.FT. $676SALES PER SQ.FT. $676
CURRENT TOTAL YEARLY OCCUPANCY COSTS: $42,384 (6.5%CURRENT TOTAL YEARLY OCCUPANCY COSTS: $42,384 (6.5%
OF SALES)OF SALES)
LONG STANDING RELATIONSHIP WITH LANDLORDLONG STANDING RELATIONSHIP WITH LANDLORD
CONSISTANT SALES PERFORMANCECONSISTANT SALES PERFORMANCE
COULD RENEW AT A SLIGHT INCREASE IN RENTCOULD RENEW AT A SLIGHT INCREASE IN RENT
CHALLENGE:CHALLENGE:
NO OPPORTUNITY TO EXPAND CURRENT LOCATIONNO OPPORTUNITY TO EXPAND CURRENT LOCATION
LIMITED OPPORTUNITY TO INCREASE STORE PERFORMANCELIMITED OPPORTUNITY TO INCREASE STORE PERFORMANCE
COSTLY TO CONVERT TO NEW MERCHANDISING CONCEPTCOSTLY TO CONVERT TO NEW MERCHANDISING CONCEPT
28. LANDLORD WORKLANDLORD WORK
LANDLORD TO DELIVER ALLENLANDLORD TO DELIVER ALLEN
EDMONDS WHITE BOXEDMONDS WHITE BOX
LANDLORD TO BUILD MEZZANINELANDLORD TO BUILD MEZZANINE
LANDLORD TO CONTRIBUTELANDLORD TO CONTRIBUTE
$30.00PSF ($33,390)TOWARDS TENANT$30.00PSF ($33,390)TOWARDS TENANT
BUILDOUTBUILDOUT
29. FREEPORT VILLAGEFREEPORT VILLAGE
STATION OUTLETSTATION OUTLET
SIZE: 1413 SQ.FT. (1113 SQ.FT. RETAILSIZE: 1413 SQ.FT. (1113 SQ.FT. RETAIL
WITH 300 SQ.FT.MEZZANINE)WITH 300 SQ.FT.MEZZANINE)
20FT FRONT BY 54’ DEEP20FT FRONT BY 54’ DEEP
10 YEAR TERM WITH K.O.END OF10 YEAR TERM WITH K.O.END OF
YEAR 5 @ $625,000 LL @ $507,000YEAR 5 @ $625,000 LL @ $507,000
1(ONE) FIVE YEAR OPTION1(ONE) FIVE YEAR OPTION
ESTIMATED TOTAL OCCUPANCYESTIMATED TOTAL OCCUPANCY
YEAR ONE: $52.25PSF $58,154YEAR ONE: $52.25PSF $58,154
34. Produced by A.Produced by A.
McCulloughMcCullough
Directed by A. McCulloughDirected by A. McCullough
Screen-Play A. McCulloughScreen-Play A. McCullough
Starring A. McCulloughStarring A. McCullough
Copyright A. McCulloughCopyright A. McCullough
Key Grip A. McCulloughKey Grip A. McCullough
Make-up A. McCulloughMake-up A. McCullough