USA CHECKS CASHED Fontana, California
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USA CHECKS CASHED Fontana, California A CORPORATE NET LEASED INVESTMENT Offering Memorandum NON-ENDORSEMENT & DISCLAIMER NOTICE CONFIDENTIALITY & DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business pros- pects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or spon- sorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. USA CHECKS CASHED Fontana, California EXCLUSIVELY LISTED BY PAUL A. BITONTI First Vice President Investment Newport Beach, California Office (949) 419 - 3246 Mobile (714) 267 - 8582 [email protected] License CA 01325076 OFFICES NATIONWIDE AND THROUGHOUT CANADA WWW.MARCUSMILLICHAP.COM USA CHECKS CASHED Fontana, California TABLE OF CONTENTS EXECUTIVE SUMMARY COMPETITIVEV COMPARABLES SECTION 1 SECTION 4 01 Investment Overview • Investment Highlights 23 Sales Comparables • Rent Comparables PROPERTY DESCRIPTION MARKET OVERVIEW SECTION 2 SECTION 5 07 Property Details • Regional Map • Property Photos 33 Location Overview • Location Highlights Market Aerial • Demographics FINANCIAL ANALYSIS SECTION 3 15 Pricing Details • Operating Data • Rent Roll EXCLUSIVELY LISTED BY: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID EXECUTIVE SUMMARY USA CHECKS CASHED Fontana, CA USA CHECKS CASHED - Fontana, CA // EXECUTIVE SUMMARY // CA - Fontana, CHECKS CASHED USA 1 OFFERING SUMMARY USA CHECKS CASHED - Fontana, CA // EXECUTIVE SUMMARY // CA - Fontana, CHECKS CASHED USA Marcus & Millichap is pleased to present a USA Checks Cashed Single Tenant Net Leased Investment. The property consists of 1,524 square feet sitting on a .28 acre parcel. The real estate is well positioned at the signalized intersec- tion of Sierra Avenue and Randall Avenue where traffic counts exceed 42,300 cars per day. The building consists of concrete block with points of ingress and egress on both Sierra Avenue and Randall Avenue with a parking field for a 5 to 1 parking ratio. Neighboring tenants include, 7-11, WSS, Pizza Hut, Kaiser Per- manente and 99 Cents Only showing the strength of this location. The property is adjacent to both the I-10 (249,000 cars per day) and I-15 freeway (210,000 cars per day) interchanges. Population density exceeds 367,099 people in a 5-mile radius. USA Checks Cashed has been at this location since 1999 and the investment is an absolute net leased single tenant, corporate guaranty. The offering is an above market 6.50% Cap rate with 10% rent increases every 5 years. The primary term will be 10 years and executed at the close of escrow with options to renew. 2 USA CHECKS CASHED - Fontana, CA // EXECUTIVE SUMMARY // CA - Fontana, CHECKS CASHED USA 3 USA CHECKS CASHED - Fontana, CA // EXECUTIVE SUMMARY // CA - Fontana, CHECKS CASHED USA INVESTMENT HIGHLIGHTS ► USA Checks Cashed - NNN Leased Investment ► 6.50 % Cap Rate ► 10% Rent Increases every 5 years ► Brand New 10-year Lease Term, with Options to Renew ► Corporate Guaranty, Ease of Management ► Hard Signalized Corner of Baseline St and Arrowhead Avenue ► Population of 367,009 in 5-Mile Ring 4 NEW 10-YEAR CORPORATE LEASE WITH OPTIONS TO RENEW 10% RENT INCREASES EVERY 5 YEARS HARD SIGNALIZED CORNER LOCATION 42,300 CARS PER DAY 367,009 EXECUTIVE SUMMARY // CA - Fontana, CHECKS CASHED USA POPULATION IN 5-MILE RING 5 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID PROPERTY DESCRIPTION USA CHECKS CASHED Fontana, CA USA CHECKS CASHED - Fontana, CA // PROPERTY DESCRIPTION PROPERTY // CA - Fontana, CHECKS CASHED USA 7 PROPERTY DETAILS USA CHECKS CASHED - Fontana, CA // PROPERTY DESCRIPTION PROPERTY // CA - Fontana, CHECKS CASHED USA 9311 Sierra Avenue Address Fontana, CA 92335 APN 0194-091-28 Price $1,292,000 Buildings 1 Price Per Square Foot $847.77 GLA 1,524 SF CAP Rate 6.50% Year Built 1999 Lot Size 12,127 SF Number of Parking 9 Spaces Parking Ratio 5 : 1 Zoning CG - Commercial General Net Operating Income $84,000 108 USA CHECKS CASHED - Fontana, CA // PROPERTY DESCRIPTION PROPERTY // CA - Fontana, CHECKS CASHED USA 9 PROPERTY LOCATION USA CHECKS CASHED - Fontana, CA // COMPARABLE PROPERTIES COMPARABLE // CA - Fontana, CHECKS CASHED USA 10 Randall Avenue 8,300 Daily Traffic 34,000 Daily Traffic Sierra Avenue USA CHECKS CASHED - Fontana, CA // COMPARABLE PROPERTIES COMPARABLE // CA - Fontana, CHECKS CASHED USA 11 PROPERTY SITE PLAN 12 Tax Map 9311 Sierra Ave, Fontana, CA 92335 PROPERTY TAX MAP 13 Limitation of Liability for Informational Report IMPORTANT – READ CAREFULLY:THIS REPORT IS NOT AN INSURED PRODUCT OR SERVICE OR A REPRESENTATION OF THE CONDITION OF TITLE TO REAL PROPERTY. IT IS NOT AN ABSTRACT, LEGAL OPINION, OPINION OF TITLE, TITLE INSURANCE COMMITMENT OR PRELIMINARY REPORT, OR ANY FORM OF TITLE INSURANCE OR GUARANTY. THIS REPORT IS ISSUED EXCLUSIVELY FOR THE BENEFIT OF THE APPLICANT THEREFOR, AND MAY NOT BE USED OR RELIED UPON BY ANY OTHER PERSON. THIS REPORT MAY NOT BE REPRODUCED IN ANY MANNER WITHOUT FIRST AMERICAN’S PRIOR WRITTEN CONSENT. FIRST AMERICAN DOES NOT REPRESENT OR WARRANT THAT THE INFORMATION HEREIN IS COMPLETE OR FREE FROM ERROR, AND THE INFORMATION HEREIN IS PROVIDED WITHOUT ANY WARRANTIES OF ANY KIND, AS-IS, AND WITH ALL FAULTS. AS A MATERIAL PART OF THE CONSIDERATION GIVEN IN EXCHANGE FOR THE ISSUANCE OF THIS REPORT, RECIPIENT AGREES THAT FIRST AMERICAN’S SOLE LIABILITY FOR ANY LOSS OR DAMAGE CAUSED BY AN ERROR OR OMISSION DUE TO INACCURATE INFORMATION OR NEGLIGENCE IN PREPARING THIS REPORT SHALL BE LIMITED TO THE FEE CHARGED FOR THE REPORT. RECIPIENT ACCEPTS THIS REPORT WITH THIS LIMITATION AND AGREES THAT FIRST AMERICAN WOULD NOT HAVE ISSUED THIS REPORT BUT FOR THE LIMITATION OF LIABILITY DESCRIBED ABOVE. FIRST AMERICAN MAKES NO REPRESENTATION OR WARRANTY AS TO THE LEGALITY OR PROPRIETY OF RECIPIENT’S USE OF THE INFORMATION HEREIN. Tax Map 9311 Sierra Ave, Fontana, CA 92335 4/24/2018 Page 1 (of 1) ©2005-2018 First American Financial Corporation and/or its affiliates. All rights reserved. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy