Gold Country Center
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GOLD COUNTRY CENTER JACKSON, CA FULLY OCCUPIED GROCERY ANCHORED SHOPPING CENTER IN DESIRABLE NORTHERN CALIFORNIA 2 Overview GOLD COUNTRY CENTER 781 CA-49, JACKSON, CA 95642 $8,600,000 7.97% PRICE CAP NOI SF PPSF $685,443 67,665 SF $127.10 LAND AREA OCCUPANCY YEAR BUILT 9.23 AC 100% 1999 Fully occupied by four tenants Almost all of the tenants have been in the center since 1999 In addition to its regional draw, Jackson has a thriving tourist economy Large regional draw from the Sierra Nevada Region Large monument sign on highway 49 (18,500 ADT) Sales for Raley’s are available upon request 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. 3 Investment Highlights Contact the THE OFFERING is a fully occupied dominant grocery anchored shopping center located team in northern California. The center is leased to four tenants: Raley’s, Payless, Papa Murphy’s and a nail salon. Raley’s and Payless ShoeSource are corporate leases and Papa Murphy’s DAVE LUCAS is a large franchisee operator. Raley’s has been the grocery anchor since the center was [email protected] constructed in 1999 and occupies 62,625 SF. Raley’s lease expires 6/29/24 and has five PH: 415.274.7390 5-year options remaining. The property is located on 9.23 acres and has a total of 325 CA BRE# 01389761 parking spaces (parking ratio of 4.8/1000). The center has excellent signage on Highway 49 and is above grade from street level with strong visibility. CHRIS KOSTANECKI [email protected] THE RETAIL MARKET Gold Country Center is located in the historic city of Jackson, CA, the PH: 415.274.2701 seat of Amador County and a gateway city to the Sierras. Jackson is a popular “weekend” CA BRE# 01002010 town for festivals, antiquing, and for those 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. 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 DOMINANT GROCERY ANCHORED inaccuracies. CENTER IN JACKSON, CALIFORNIA 4 49 104 Aerial RIDGE RD INDEPENDENCE WESTOVER HIGH SCHOOL FIELD 104 JACKSON RANCHERIA CASINO RESORT JACKSON JR HIGH PIONEER SCHOOL ELEMNETARY 88 88 49 18,500 VPD ARGONAUT HIGH SCHOOL 88 ARGONAUT HIGH SCHOOL JACKSON ELEMENTARY SACRAMENTO CLINTON RD 49 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 5 must verify the information and bears all risk for any inaccuracies. JACKSON PIONEER HEIN AMADOR JR. HIGH ELEMENTARY &COMPANY AMADOR COUNTY SCHOOL ANTIQUES COUNTY JB’S TUXEDO RENTALS Retail Aerial MAIN STREET DESIGNS SUE’S SHOPPE MAYNARD’SJackson COLLECTIBLES Elementary LADY’S FIRST AMADOR SUTTER HEAVEN & EARTH TREASURE’S MERCANTILE COUNTY HEALTH VOLCANO GLASS WORKS HOSPITAL 88 GOLDEN ANCHOR TATTOO MOTHER LODE DELI & CATERING 88 ROSEBUD’S CAFE 49 FAT FREDDY’S HOT DOGS FARGO CLUB EMERALD FOREST ANTIQUES STANLEY’S STEAKHOUSE NATIONAL HOTEL BIGGEST LITTLE KITCHEN STORE FULL CIRCLE TRADING SACRAMENTO TRADER STAN’S CRUCIBLE JEWELRY MAIN STREET COLLECTIBLES GOLD NINE JEWELERS MAIN EVENT BAR TRAIN TOWN CANDIES SWENSEN’S SHOES CITY OF JACKSON 18,500 VPD 49 STATE OF CALIFORNIA ® GUARDIAN MINI STORAGE JACKSON TILE & LANDSCAPE 49 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 6 any inaccuracies. Submarket Overview RETAILERS IN CLOSE PROXIMITY INCLUDE: Cost Less Food McDonald’s Sutter Hospital CVS Regal CinemasCustom Map Tractor Supply Dollar Tree Save Mart Walmart Holiday Inn Sears Walgreens Jackson Rancheria Casino Starbucks KFC Subway 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. BUSINESS SUMMARY TOTAL 1-MILE 3-MILES 5-MILES Businesses 370 855 942 Employees 3,489 7,554 8,630 Residential 3,714 7,250 9,754 Population KEY 1-MILE 3-MILES 5-MILES Source: ©2017 Esri. December 20, 2017 ©2017 Esri Page 1 of 1 Subject Property MONUMENT SIGN 18,500 HIGHWAY 49 VPD 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. 8 Income & Expense 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. 9 Rent Roll 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. 10 Reimbursement Schedule 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. 11 Site Plan 49 18,500 VPD 49 RETAIL SHOPS CLINTON ROAD (NAP) 2,167 0.45 21 GOLD COUNTRYRENTABLE SF ACRES SPACES AUTO CLINIC (NAP) 8,928 VPD SE WILSON AVE NAIL SALON 16,705 SE 3RD STREET VPD This site plan is a rendering that has been created based on sources we believe to be reliable. 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. 12 This site plan is a rendering that has been created based on sources we believe to be reliable. 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. Tenant Overview RALEY’S Lease is signed by: Raley’s, a California corporation 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 12,000 people in 124 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. supermarket chains, for customer service in particular. LOCATIONS THROUGH- OUT CALIFORNIA AND 124+ NEVADA 12,000+ EMPLOYEES 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. 13 Tenant Mix PAYLESS SHOESOURCE Lease is signed by: Payless ShoeSource, Inc., a Missouri corporation 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. 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 Lease is signed by: 4 U SMC, Inc., a California corporation 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”. NAIL SALON Lease is signed by: Personally signed Nail Salon is a nail salon offering trendy, fashion-forward nail designs. Customers can choose from any of their This information has been secured from sources we believe services such as gel manicures, pedicures, manicures, and 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 nail art. inaccuracies. 14 Demographics POPULATION SACRAMENTO 1-MILE 3-MILES 5-MILES (1 HR, 48 MILES) 2010 2,348 5,761 10,210 2017 2,313 5,706 10,312 JACKSON 2022 2,384 5,844 10,654 2017 HH INCOME 1-MILE 3-MILES 5-MILES Average $68,051 $63,643 $64,369 Median $54,428 $49,498 $50,755 TOP EMPLOYERS IN JACKSON EMPLOYER # OF EMPLOYEES Jackson Rancheria Casino 1,500 Sutter Amador Hospital 350 County of Amador 200 Kit Carson Nursing & Rehab 220 THE AVERAGE HOUSEHOLD Walmart 150 INCOME WITHIN A 5-MILE RADIUS IS OVER $64K 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.