Gold Country Center Raley’S Anchored Shopping Center

gold country center Raley’s anchored shopping center

Fully leased grocery anchored shopping center in northern California [ www.CapitalPacific.com ] 777 CA-49, Jackson, CA 95642 Click for Map nt hi me ghl st ig fully leased grocery anchored shopping center e h v t n s IN desirable northern California. i

PRICE: $10,375,000 Gold Country Center is located in the historic city of Jackson, CA, the seat of Amador County and a gateway city to the Sierras. Jackson NOI: $746,644 is a popular “weekend” town for festivals, antiquing, and for those CAP: 7.20% exploring its historical significance to California’s gold rush. The property is located on Highway 49, the main arterial that runs north/south through the foot hills of the Sierras. Price per SF...... $153.33 Rentable SF...... 67,665 SF The shopping center has a large regional draw from various small villages in the Sierra Nevada region of Northern California. It was built Land area...... 9.23 AC in 1999 and has been fully occupied with the original tenants since it Occupancy...... 100% construction. The shopping center is anchored by a 62,625 SF Raley’s, Year built...... 1999 which is the dominant full-service grocery store in the trade area. Tenants...... Raley’s, Allied The property is located on 9.23 acres and has a total of 325 parking Cash Advance, Payless ShoeSource, & spaces (parking ratio of 4.8/1000). The center has excellent signage on Papa Murphy’s Highway 49 and is above grade from street level with strong visibility. Additional NAP single tenant properties are located within the center and all contribute to the CAM fund.

Listing Team Contact Info Capital Pacific collaborates. Dave lucas Click Here to meet the rest of our San Francisco team. [email protected] | (415) 274-7390 CA BRE# 01389761 chris kostanecki [email protected] | (415) 274-2701 CA BRE# 01002010

Gold Country center | 2 Core characteristics fully leased grocery anchored center Gold country center is 100% leased to raley’s, papa Gold Country Shopping Center is currently 100% occupied by Raley’s and Murphy’s, allied cash advance , & payless shoe source three other nationally branded tenants. Raley’s and Payless ShoeSource are corporate leases and Papa Murphy’s and Allied Cash Advance are large franchisee operators. Raley’s has been the grocery anchor since the center was constructed in 1999 and occupies 62,625 SF. Raley’s lease expires 6/29/24 Strong area retailers and has five 5-year options remaining. The subject property is located adjacent to a CVS/Cost Less Food anchored shopping center. Other retailers in immediate proximity include Tractor long term tenants Supply, Regal-Cinemas Jackson, KFC, Taco Bell, & Subway. All of the tenants have been in the center since it was developed in 1999. Payless ShoeSource, Allied Cash Advance, and Papa Murphy’s have all Large regional draw extended their original lease terms. Raley’s is still operating on their original The shopping center has a large regional pull from various small villages in 25-year lease term. the Sierra Nevada region of Northern California. Clean phase 1 Excellent visibility & access A Phase 1 was performed in 2007 and cited no RECs on the subject property. There is a large monument sign for the center on Highway 49. Highway 49 Capital Pacific was also able to verify with the original developer that the site has average daily traffic counts of 18,500. There is a stop light controlling was raw land prior to development and no high risk environmental tenants traffic into the shopping center. had occupied any of the suites in the center since construction. A new Phase 1 assessment is likely to come back with a ‘no further investigation’ Current financing recommendation. The shopping center would be offered free and clear.

Gold Country center | 3 photos gold country center benefits from excellent signage on highway 49

subject property is located adjacent to a high volume tractor supply store

Gold Country center | 4 aerial Subject property is directly off state route 49, the main retail corridor in jackson, ca

49 104

Ridge Road 49 SACRAMENTO

Independence High School WESTOVER 104 FIELD

jackson Rancheria Casino resort

Jackson Jr. Pioneer High School Elementary

88 88 AMADOR PLAZA 49 Argonaut High School 88

Jackson Elementary

JACKSON CREEK PLAZA

Clinton Road 49 GOLD COUNTRY CENTER

18,500 DAILY

Gold Country center | 5 jackson aerial Subject property is across from a regal cinemas - the only movie theatre in amador county.

Jackson Jr. Pioneer High School Elementary

Hoffman Street Jackson Elementary DOWNTOWN JACKSON

88DOWNTOWN JACKSON 88 HEIN & COMPANY GOLDEN ANCHOR TATTOO BIGGEST LITTLE KITCHEN STORE ANTIQUES MOTHER LODE DELI & FULL CIRCLE TRADING 49 JB’S TUXEDO RENTALS CATERING TRADER STAN’S MAIN STREET DESIGNS ROSEBUD’S CAFE CRUCIBLE JEWELRY SUE’S SHOPPE FAT FREDDY’S HOT DOGS MAIN STREET COLLECTIBLES MAYNARD’S COLLECTIBLES FARGO CLUB GOLD NINE JEWELERS LADY’S FIRST EMERALD FOREST MAIN EVENT BAR HEAVEN & EARTH ANTIQUES TRAIN TOWN CANDIES TREASURE’S MERCANTILE STANLEY’S STEAKHOUSE Mission Boulevard SWENSEN’S SHOES VOLCANO GLASS WORKS NATIONAL HOTEL jackson Rancheria Casino resort

JACKSON CREEK PLAZA Clinton Road 49

® 18,500 DAILY

GOLD COUNTRY CENTER

49 49 SACRAMENTO

Gold Country center | 6 Income & expense

Current New Debt Price: $10,375,000 New Loan Amount $7,262,500 $3,112,500 Capitalization Rate: 7.20% Interest Rate 4.35% Price Per Square Foot: $153.33 Amortization 25 Year Down Payment 30% $3,112,500 Term 10 Year Loan Amount 70% $7,262,500 Net Operating Income $746,644 Total Leased (SF): 100.00% 67,665 Debt Service ($477,018) Total Pending (SF): 0.00% 0 Pre-Tax Cash Flow $269,626 Total Rentable Area (SF): 100.00% 67,665 Debt Coverage Ratio (1.57) INCOME Per Square Foot Cash-on-cash Return 8.66% Scheduled Rent $11.49 $777,518 Principal Reduction $164,350 CAM/Insurance/Admin Recovery (2015 Actual) $1.52 $102,626 Total Return 13.94% Real estate tax/Admin Recovery (2015 Actual) $1.09 $73,910 Ancillary Income (2016 Budget) $0.27 $18,561 EFFECTIVE GROSS INCOME $972,615 Vacancy Reserve (5% of base rent excl Raleys) 5.00% ($6,122) ADJUSTED GROSS INCOME $966,493

EXPENSES (2015 Actual) Per Square Foot NEW FINANCING/ FLOW CASH Taxes -$0.97 ($65,343) Insurance -$0.12 ($8,115) Repairs & Maintenance -$1.49 ($100,935) Management Fees (3.0%) -$0.57 ($38,689) Capital Expendture Reserve -$0.10 ($6,767) TOTAL OPERATING EXPENSES -$3.25 ($219,849) NET OPERATING INCOME $746,644

  [ REPRESENTATIVE PHOTO ] Gold Country center | 7 Rent roll

TENANT INFO LEASE TERMS RENTAL RATES RECOVERY

Current Monthly Yearly Monthly Yearly Tenant SQ. FT. Term 2015 Recovery Rent Rent Rent Rent/Ft Rent/Ft

Raley's 62,625 6/3/97 6/29/24 $655,077 $54,590 $655,077 $0.87 $10.46 $109,874 Option 1 6/30/24 6/29/29 $54,590 $655,077 $0.87 $10.46 Option 2 6/30/29 6/29/34 $54,590 $655,077 $0.87 $10.46 Option 3 6/30/34 6/29/39 $54,590 $655,077 $0.87 $10.46 Option 4 6/30/39 6/29/44 $54,590 $655,077 $0.87 $10.46 Option 5 6/30/44 6/29/49 $54,590 $655,077 $0.87 $10.46

Allied Cash Advance 1,200 2/6/01 4/30/16 $38,304 $3,192 $38,304 $2.66 $31.92 $8,480

Payless ShoeSource 2,520 11/31/98 4/30/19 $52,920 $4,410 $52,920 $1.75 $21.00 $19,271 5/1/17 4/30/18 $4,542 $54,508 $1.80 $21.63 5/1/18 4/30/19 $4,679 $56,143 $1.86 $22.28

Papa Murphys 1,320 5/31/00 4/30/21 $31,217 $2,601 $31,217 $1.97 $23.65 $11,810 5/1/17 4/30/18 $2,679 $32,153 $2.03 $24.36 5/1/18 4/30/19 $2,760 $33,118 $2.09 $25.09 5/1/19 4/30/20 $2,843 $34,112 $2.15 $25.84 5/1/20 4/30/21 $2,928 $35,135 $2.22 $26.62

Big O Tires (NAP) $3,687

Armstrong Trust (NAP) $4,442

KKP Properties (NAP) $8,945

Jackson Tractor Supply (NAP) $10,028

Current Total 67,665 100.00% $777,518 Total Yearly Rent Leased Total 67,665 100.00% $64,793 Total Monthly Rent Total Recovery $176,536 Vacant Total 0 0.00%

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. Buyer must verify the information and bears all risk for any inaccuracies. Gold Country center | 8   [ REPRESENTATIVE PHOTO ] [ REPRESENTATIVE PHOTO ] Site plan Site Plan Key DRIVEWAY FOR Parcel outline: SUBJECT PROPERTY Rentable Area: 67,665 sf Ingress/Egress:

RET AIL SHOPS (NAP)

Clinton Road

GOLD COUNTRY AUTO CLINIC

(NAP)

18,500 DAILY 18,500 49

(NAP)

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.

Gold Country center | 9 about raley’s

Raley’s supermarket Raley’s Supermarket (also known as Raley’s Family of Fine Stores) is a privately held, family-owned supermarket chain that operates stores under the Raley’s, Bel Air Markets, Nob Hill Foods, and Food Source names in northern California and Nevada. Founded in 1935 by Tom Raley as Raley’s Drive-In Market, Raley’s now employs over 15,500 people in 128 stores. Raley’s is headquartered in West Sacramento and remains the dominant supermarket operator in the Sacramento metropolitan area. Raley’s also ranked No. 7 in the Consumer Reports 2014 survey of top U.S. www.raleys.com supermarket chains, for customer service in particular.

TYPE EMPLOYEES LOCATIONS Private 15,500+ 128+

Gold Country center | 10 tenants

allied cash advance - franchisee Allied Cash Advance is a leading provider of cash advances, with over 150 branches in six states. When you need money fast, they provide a convenient, economical alternative to the fees charged by banks, utility companies, and other service providers.

payless shoesource - corporate lease Payless ShoeSource is the largest specialty family footwear retailer in the Western Hemisphere, offering an on-trend, comprehensive range of everyday and special occasion shoes and accessories for every member of the family at affordable prices. The company’s mission is simple: To be the Go To, Get More, Pay Less shoe store for their target customers. Payless was founded in 1956 and, today, employs more than 25,000 associates worldwide. It is a privately held company owned by Golden Gate Capital and Blum Capital Partners.

papa murphy’s - franchisee Papa Murphy’s, a take-and-bake pizza company, is the fifth largest pizza restaurant chain in the country. Papa Murphy’s and its franchisees operate more than 1,300 stores in the United States and Canada. In 2014, Quick Service Restaurant Magazine recognized Papa Murphy’s as the top pizza chain. In 2010, the chain was acquired by Lee Equity Partners and, in 2014, they opened the first public offering of the company on NASDAQ as “FRSH”.

Gold Country center | 11 tenant occupancy history

original term (current): 6/03/97 - 6/29/24

original term: 2/06/01 - 4/30/07 First extension: 5/01/07 - 4/30/10 Second extension: 5/01/10 - 4/30/12 third extension: 5/01/12 - 4/30/14 Fourth extension: 5/01/14 - 4/30/15 Fifth extension (current): 5/01/15 - 4/30/16

Original term: 11/31/98 - 4/30/09 First extension: 5/01/09 - 4/30/10 Second extension: 5/01/10 - 4/30/13 third extension: 5/01/13 - 4/30/16 Fourth extension (Current): 5/01/16 - 4/30/19

original term: 5/31/00 - 8/31/10 Month-to-month: 9/01/10 - 4/30/11 first extension: 5/01/11 - 4/30/21

Gold Country center | 12 regional map Drive Times Davis, CA 60 Miles 1 HR, 17 MINS from Walnut creek, ca 97 Miles 2 HR, 1 Min GOLD COUNTRY SAn Jose, CA 126 miles 2 hr, 13 mins CENTER santa rosa, ca 143 miles 2 hr, 50 mins

sacramento 18,500 DAILY CA Highway 49 1 hr 5 min 50 miles GOLD COUNTRY CENTER jackson

2 hr 20 min 122 miles

san francisco

Gold Country center | 13 demographics average household incomes in a 5-mile radius are $64,000+

gold country Population center

1-Mile 3-Miles 5-Miles 2010 2,348 5,761 10,210 2016 2,313 5,706 10,312 2021 2,384 5,844 10,654 1 MILE

2016 Household Incomes 3 MILES

1-Mile 3-Miles 5-Miles Average $68,051 $63,643 $64,369 Median $54,428 $49,498 $50,755 5 MILES

Gold Country center | 14 location summary

About jackson, ca Jackson, the seat of Amador County, is a full service General Law city, with a residential top employers in jackson population of 4,651 and daytime and weekend population of 12-15,000. Company ± Employees The city is located in the heart of California’s historic center, 45 miles east of Sacramento. Jackson Rancheria 1,500 Jackson began as a gold mining camp in 1848 and today is the hub of commerce. It is home Sutter Amador Hospital 350 to the only movie theater complex in the County, and hosts a number of popular seasonal County Of Amador 200 events and festivities that are famous throughout the Sacramento Valley and Northern Kit Carson Nursing & Rehab 220 California. Walmart 150 Numbers are approximate Year End 2012 Data about sacramento, ca Sacramento is the capital of California, the sixth-largest city in the state and the 35th largest city in the country. The urban Sacramento area has a population of 1.44 million while the Sacramento metropolitan area -- which includes seven counties -- has an estimated population of 2.66 million. Government and transportation are key sectors of the economy. Technology related companies, such as Intel and Hewlett-Packard, have increasingly been drawn to Sacramento due to its well-educated labor pool and proximity to research centers. Other economic drivers include health services, hospitality, education, and construction.

[ sacramento, ca ]

Gold Country center | 15 A unique HUMAN The capital pacific experience - our daily commitment to our clients RESULTS-DRIVEN client experience [ www.CapitalPacific.com ]

Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. chris peters zeb ripple dave lucas chris kostanecki Rick sanner john andreini [email protected] | (415) 274-7390 [email protected] | (415) 274-2701 CA BRE# 01389761 CA BRE# 01002010 zandy smith joe caccamo jack navarra gregg steele aaron susman karla zens