Big 5 Sporting Goods | Absolute Nnn Lease 3485 Sonoma Blvd, Vallejo, Ca 94590 Disclaimer & Confidentiality
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ACTUAL SITE PHOTO OFFERING MEMORANDUM BIG 5 SPORTING GOODS | ABSOLUTE NNN LEASE 3485 SONOMA BLVD, VALLEJO, CA 94590 DISCLAIMER & CONFIDENTIALITY The material contained in this Investment Offering Brochure is furnished The information contained herein is subject to change without notice and the solely for the purpose of considering the purchase of the property within and recipient of these materials shall not look to Owner or the Sperry Van Ness is not to be used for any other purpose. This information should not, under Advisor, nor any of their officers, employees, representatives, independent any circumstances, be photocopied or disclosed to any third party without contractors or affiliates, for the accuracy or completeness thereof. Recipients the written consent of Sperry Van Ness or Owner, or used for any purpose of this Investment Offering Brochure are advised and encouraged to conduct whatsoever other than to evaluate the possible purchase of the Property. their own comprehensive review and analysis of the Property. The only party authorized to represent the Property Owner (“Owner”) in This Investment Offering Brochure is a solicitation of interest only and is not connection with the sale of the Property is the Sperry Van Ness Advisor listed an offer to sell the Property. The Owner expressly reserves the right, at its sole in this proposal, and no other person is authorized by the Owner to provide discretion, to reject any or all expressions of interest to purchase the Property any information or to make any representations other than contained in this and expressly reserves the right, at its sole discretion, to terminate negotiations Investment Offering Brochure. If the person receiving these materials does not with any entity, for any reason, at any me with or without notice. The Owner choose to pursue a purchase of the Property, this Offering Brochure must be shall have no legal commitment or obligation to any entity reviewing the returned to Sperry Van Ness. Investment Offering Brochure or making an offer to purchase the Property unless and un l the Owner executes and delivers a signed Real Estate Purchase Neither the Sperry Van Ness Advisor nor the Owner make any representation Agreement on terms accept- able to Owner, in Owner’s sole discretion. or warranty, express or implied, as to the accuracy or completeness of the By submitting an offer, a prospective purchaser will be deemed to have information contained herein, and nothing contained herein is or shall be acknowledged the foregoing and agreed to release the Owner and the Sperry relied upon as a promise or representation as to the future performance of Van Ness Advisor from any liability with respect thereto. the Property. This Offering Brochure may include certain statements and estimates by Sperry Van Ness with respect to the projected future performance To the extent Owner or any agent of Owner corresponds with any of the Property. These Assumptions may or may not be proven to be correct, prospective purchaser, any prospective purchaser should not rely on any such and there can be no assurance that such es mates will be achieved. Further, correspondence or statements as binding Owner. Only a fully executed Real the Sperry Van Ness Advisor and the Owner disclaim any and all liability Estate Purchase Agreement shall bind the property and each prospective for representations or warranties, ex- pressed or implied, contained in or purchaser proceeds at its own risk. omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. WWW.THEKASEGROUP.COM | BIG 5 SPORTING GOODS VALLEJO, CA TABLE OF CONTENTS 4 INVESTMENT OVERVIEW 5 FINANCIAL SUMMARY 6 TENANT OVERVIEW 7 LOCATION AERIAL 8 DEMOGRAPHICS 9 AREA OVERVIEW JACOB ABUSHARKH | MANAGING DIRECTOR T: 415.269.2474 E: [email protected] BRE#01385529 JEFF GATES | SENIOR INVESTMENT ADVISOR T: 415.231.5231 E: [email protected] BRE#01768554 WWW.THEKASEGROUP.COM | BIG 5 SPORTING GOODS VALLEJO, CA INVESTMENT OVERVIEW The Kase Group is pleased to offer the opportunity to acquire the 100% INVESTMENT HIGHLIGHTS fee simple interest in an absolute NNN leased Big 5 Sporting Goods. The property consists of roughly 10,000 square feet of building space. The property benefits from sitting on a commercial thoroughfare surrounded by ABSOLUTE NNN LEASED OFFERING major retailers including Walgreens and Dollar Tree and Bank of America. 100% FEE SIMPLE INTEREST Traffic counts on Sonoma Boulevard are approximately 21,560 vehicles daily. Sonoma Boulevard intersects in front of the subject property with Redwood ZERO LANDLORD OBLIGATIONS Street (14,250 VPD). WELL SITUATED ON A MAJOR COMMERCIAL THOROUGHFARE TROPHY BAY AREA LOCATION STRONG GROSS SALES IN 2016 OF OVER $2.7M OFFERING SPECIFICATIONS PRICE $2,214,545 CAP RATE 5.50% NET OPERATING INCOME $121,800 SQUARE-FOOTAGE 10,000 SF LOT SIZE 0.73 AC WWW.THEKASEGROUP.COM | BIG 5 SPORTING GOODS VALLEJO, CA | 4 FINANCIAL SUMMARY BIG 5 SPORTING GOODS | ABSOLUTE NNN LEASE 3485 SONOMA BLVD, VALLEJO, CA 94590 $2,214,545 5.50% CAP FEE SIMPLE OWNERSHIP SUMMARY OPERATING SUMMARY TENANT NAME BIG 5 SPORTING GOODS NET OPERATING INCOME CAP RATE SQUARE FOOTAGE 10,000 SF CURRENT & $121,800 5.50% OPTIONS LEASE EXPIRATION 5/31/22 ANNUAL RENT $121,800 RENT IS FLAT THROUGHOUT OPTIONS INCREASES 3% PERCENTAGE RENT OF GROSS SALES EXCEEDING BASIC RENT PLUS EXPENSES OPTIONS EIGHT, 5 YEAR* * TENANT IS CURRENTLY IN SECOND OF TEN, 5 YEAR OPTIONS WITH EIGHT REMAINING WWW.THEKASEGROUP.COM | BIG 5 SPORTING GOODS VALLEJO, CA | 5 TENANT OVERVIEW BIG 5 SPORTING GOODS Big 5 Sporting Goods is a sporting goods retailer headquartered in El Segundo, California with 420 stores in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. Steven G. Miller is the Chairman, President, and CEO. The Big 5 name is derived from its start in 1955 as five Army-Navy surplus stores in Southern California. Big 5 Sporting Goods provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. Their product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf,winter and summer recreation and roller sports. PUBLICLIY 420 9,500 $ TRADED LOCATIONS EMPLOYEES WWW.THEKASEGROUP.COM | BIG 5 SPORTING GOODS VALLEJO, CA | 6 LOCATION AERIAL WWW.THEKASEGROUP.COM | BIG 5 SPORTING GOODS VALLEJO, CA | 7 1 MILE 3 MILES 5 MILES DEMOGRAPHICS TOTAL POPULATION 14,975 105,366 160,625 TOTAL HOUSEHOLDS 5,937 36,472 54,999 AVERAGE HOUSEHOLD INCOME $58,880 $67,054 $73,393 AVERAGE AGE 37 36.3 36.8 WWW.THEKASEGROUP.COM | BIG 5 SPORTING GOODS VALLEJO, CA | 8 DEMOGRAPHICS 1 MILE 3 MILES 5 MILES AREA OVERVIEW VALLEJO, CA TOTAL HOUSEHOLDS 5,937 36,472 54,999 TOTAL POPULATION 14,975 105,366 160,625 Vallejo is a city in Solano County, California, located in the North Bay region of the San Francisco Bay Area. The PERSONS PER HOUSEHOLD 2.5 2.9 2.9 population was 115,942 at the 2010 census. It is the tenth AVERAGE HOUSEHOLD INCOME $58,880 $67,054 $73,393 most populous city in the San Francisco Bay Area, and the largest in Solano County. Vallejo sits on the northeastern AVERAGE HOUSE VALUE $324,068 $360,382 $388,440 shore of San Pablo Bay. The city is named after General Mariano Guadalupe Vallejo, a native Californio, leading proponent of California’s statehood, and one of the first AVERAGE AGE 37 36.3 36.8 members of the California State Senate; the neighboring city of Benicia is named for his wife, Francisca Benicia AVERAGE AGE MALE 34.8 34.2 34.9 Carillo de Vallejo. AVERAGE AGE FEMALE 39.5 38.2 38.6 POPULATION - WHITE 6,137 38,847 60,936 POPULATION - BLACK 3,256 22,644 31,968 POPULATION - HISPANIC 4,124 27,645 37,802 POPULATION - ASIAN 2,461 22,412 38,007 POPULATION - PACIFIC ISLANDER 190 1,096 1,609 POPULATION - AMERICAN INDIAN 119 661 1,042 POPULATION - OTHER 1,883 12,446 16,285 WWW.THEKASEGROUP.COM | BIG 5 SPORTING GOODS VALLEJO, CA | 9 VALLEJO | CALIFORNIA BIG 5 SPORTING GOODS | ABSOLUTE NNN LEASE 3485 SONOMA BLVD, VALLEJO, CA 94590 WWW.THEKASEGROUP.COM All Sperry Van Ness® Offices JACOB ABUSHARKH | MANAGING DIRECTOR IndependentlyOwned & Operated T: 415.269.2474 E: [email protected] BRE#01385529 JEFF GATES | SENIOR INVESTMENT ADVISOR T: 415.231.5231 E: [email protected] BRE#01768554.