Walgreens Pharmacy Santa Cruz, California
• Prime, irreplaceable San Francisco Bay Area real $13,100,000 estate • Unique opportunity to own an entire city block in a community where it has historically been very difficult to develop 5.00% • 21+ years of guaranteed cash flow • Dense urban infill location (24,535 people in 1 mile) CAP Rate • Investment grade Walgreens corporate credit and guarantee • Two tenant deal offers rent increases and some upside in the near-term
John Giordani Art Griffith DeerfieldPartners (415) 685-3035 [email protected] Walgreens Pharmacy Santa Cruz, California
Investment Summary
Price $13,100,000 CAP Rate 5.00% Annual Income $654,982 Years Guaranteed 21+ years guaranteed by Walgreens (Saturn Cafe expires 3/30/2022)
About This Investment Opportunity
This is an extremely rare opportunity for an investor to not only own a fee-simple Walgreens property in Santa Cruz, but to own an entire city block in downtown Santa Cruz. Unique construction, excellent location, great traffic counts and high identity signage. Santa Cruz has a virtual lockdown on national retailers in the downtown area, it’s a wonder they were able to develop this site. This is truly irreplaceable real estate.
This store is situated on an entire city block, and boasts tremendous visibility, as almost all tourist traffic heading to the beaches comes right by this site on the way in to Santa Cruz and on the way back out. Additionally, the store benefits by offering customers rare, on-site parking in the downtown commercial district.
Great Demographics, Excellent Visibility and Ample Parking
1 Mile 3 Mile 5 Mile Population 24,535 83,132 112,864 Avg. Household Income $69,940 $80,471 $81,930
Situated on the intersection of Laurel and Pacific, two of the most heavily trafficked thoroughfares in Santa Cruz, this is an important strategic location for Walgreens.
Excellent visibility and ample parking.
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Aerial Photo
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Lease Summaries Square Footage 14,155 sq. ft. 3,285 sq. ft. Firm Lease Term ~ 21 years thru 4/30/2037 ~ 4 years thru 3/31/2020 Annual Rent $553,450 $101,532 Rent Increases None. 3% every year Landlord Costs None. Lease is NNN. None. Lease is NNN.
Property Details
Year Redeveloped 2012 Building Size 17,440 square feet Address 105-145 Laurel Street Lot Size 1.23 acres Santa Cruz, CA
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Regional Map / About Santa Cruz
Square Footage 14,155 sq. ft. 3,285 sq. ft. Firm Lease Term ~ 21 years thru 4/30/2037 ~ 4 years thru 3/31/2020 Annual Rent $553,450 $101,532 Rent Increases None. 3% every year Landlord Costs None. Lease is NNN. None. Lease is NNN.
Santa Cruz is the county seat and largest city of Santa Cruz County, California in the US. As of the 2010 U.S. Census, Santa Cruz had a total population of 59,946. It is located on the northern edge of the Monterey Bay, about 72 miles south of San Francisco.
Late in the 19th century, Santa Cruz established itself as a beach resort community. Santa Cruz is now known for its moderate climate, the natural beauty of its coastline and redwood forests, alternative community lifestyles, and socially liberal leanings. It is also home to the University of California, Santa Cruz, a premier research institution and educational hub, as well as the Santa Cruz Beach Boardwalk, an oceanfront amusement park.
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Background on Saturn Cafe
Saturn Cafe first opened in 1979, in a tiny house on Mission Street in Santa Cruz, California. The founders aimed to create a community gathering place with a commitment to social and environmental justice. Although the Saturn has grown and changed in many ways since its inception, these core values still guide us in all that we do. The cafe quickly outgrew the house on Mission Street, and moved across the street to a new location. There, it became a college hangout featuring vegetarian soups, salads and decadent desserts. On New Years Eve of 1999, a fire broke out at the new location, burning a hole through the roof. Saturn Cafe then moved to the heart of downtown Santa Cruz, where we continued to expand our menu, as well as our hours to include late night dining.
Over the years, our menu at Saturn Cafe has evolved, keeping up with the ever growing demand for healthy twists on American comfort food. The first new additions included mouth watering vegetarian burgers, such as the Space Cowboy, and award winning French fries, which we cook in trans-fat free oil that gets recycled into bio-diesel fuel. After a while, we began serving a Late Riser’s Brunch, and are proud to say that our vegan breakfast burrito and fluffy omelets are gaining fans all over the world. Each year, we bring home the gold in the Santa Cruz Metro Goldie Awards in categories such as “Best Milkshakes,” “Best Comfort Food,” “Most Innovative Menu,” and “Best Burger.” In 2005, we set a goal to deepen our understanding of what it means to own a sustainable restaurant, which is dedicated to the triple bottom line of planet, people and profit. Putting our values into action, we set out to improve our business both internally and externally. As we focus on growth and the future, we remain rooted in our values as a local progressive business by marking a percentage of our budget for investment in our local community.
In 2009 we introduced the Saturn Satellite Project, and we couldn’t be more thrilled about helping our satellites launch in exhilarating new locations.
Throughout our thirty years in business, one key element remains the same. We know that the well- being of our customers, staff, and the farmers who produce our food, the health of the planet, and the sustainability of our business are completely interdependent. As we continue to reach for the stars, we are dedicated to finding socially and ecologically responsible ways to move our business forward.
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Store Photos
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Aerial Photo Showing Proximity to Kaiser Permanente Arena
Kaiser Permanente Arena is an indoor arena located in Santa Cruz, in the U.S. state of California. It has a seating capacity of 2,505 spectators. It hosts the Santa Cruz Warriors of the NBA Development League. It also is the home of the Santa Cruz Derby Girls of the Women’s Flat Track Derby Association. The naming rights were bought by health care consortium Kaiser Permanente despite the company – a sponsor of the Warriors’ owner, the NBA’s Golden State Warriors – not having facilities in Santa Cruz.
A $3.5 million loan by the city of Santa Cruz was given to the Warriors to build their arena, with the 1.5-acre lot being provided by the Santa Cruz Seaside Company, owner of the Santa Cruz Beach Boardwalk. Construction ran for 78 days between September and December 2012, halted just a few times by rain. The arena was opened on December 23, 2012, with a victory by the Warriors against the Bakersfield Jam. By April 2014, Kaiser Permanente Arena had 39 sell-outs out of the 53 Warriors home games. In the meantime, the Warriors reached two D-League finals.
The arena also serves as the home of UC Santa Cruz men’s and women’s basketball games.
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Store Photos
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
About Walgreens Boots Alliance Walgreens Boots Alliance is the first global pharmacy-led, health and wellbeing enterprise in the world. Our purpose is to help people across the world lead healthier and happier lives.
Walgreens Boots Alliance was created through the combination of Walgreens and Alliance Boots in December 2014. This transaction brought together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted healthcare services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.
The Company, with a presence in more than 25 countries, employs over 370,000 people and is the largest retail pharmacy, health and daily living destination in the USA and Europe.
The Company’s size, scale, and expertise will help us to expand the supply, and address the rising cost of, prescription drugs in the USA and worldwide.
By leveraging these advantages and opportunities, as well as the full benefit of our best practices and expertise, Walgreens Boots Alliance will be positioned to create substantial incremental efficiency, synergy and growth opportunities.
The creation of Walgreens Boots Alliance provides an opportunity to further accelerate the development of a fully integrated, global platform for the future to provide innovative ways to address health and wellness challenges. Our Company is well positioned to expand customer offerings in existing markets and become the health and wellbeing partner of choice in emerging markets.
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
WalgreensWalgreens Boots Alliance Boots Alliance-- Segment – Segment Structure Structure
A leading global A leading drugstore chain The largest retail pharmacy pharmaceutical wholesaler in the USA chain in Europe and distributor
The first global pharmacy-led, health and wellbeing enterprise in the world
8
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Walgreens Boots Alliance -- Retail Pharmacy USA Division The Retail Pharmacy USA Division’s principal retail pharmacy brands are Walgreens and Duane Reade. Together, they form the largest drugstore chain in the USA.
This Division operates 8,240 drugstores in 50 states, the District of Columbia, Puerto Rico and the US Virgin Islands. As of August 2014, approximately 76% of the population of the USA lives within five miles of a Walgreens.
The company sells prescription and non-prescription drugs, as well as general merchandise, including household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. They provide customers with convenient, omni-channel access to consumer goods and services, pharmacy, and health and wellness services in communities across America.
The company’s websites, which include Walgreens.com and drugstore.com, receive an average of approximately 60 million visits per month. Integrated with an e-commerce platform, the Walgreens mobile application allows customers to refill prescriptions through scan technology, receive text messages alerting when a refill is due and other front-end functionality, such as photo and shopping features.
Prescription drugs account for 64 percent of sales, while retail products are 36 percent. Overall, WBA filled approximately 699 million prescriptions in 2014. – 3Q15 Financial Performance – Retail Pharmacy USA
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected]
* Non-GAAP financial measures – See attached Appendix. 9 Walgreens Pharmacy Item 1B. Unresolved Staff Comments SantaThere are no unresolvedCruz, written California comments that were received from the SEC Staff 180 days or more before the end of our fiscal year relating to our periodic or current reports under the Securities Exchange Act of 1934.
WalgreensItem 2. Properties Properties Nationwide The Company’s locations, including drugstores, infusion and respiratory service facilities, specialty pharmacies and mail service facilities at August 31, 2014 and 2013 are listed below.
2014 2013 2014 2013 2014 2013 Alabama 115 113 Louisiana 154 152 Oklahoma 117 121 Alaska 8 7 Maine 15 15 Oregon 77 80 Arizona 250 258 Maryland 89 80 Pennsylvania 131 138 Arkansas 83 78 Massachusetts 168 185 Rhode Island 26 29 California 646 663 Michigan 232 232 South Carolina 110 119 Colorado 160 172 Minnesota 154 164 South Dakota 14 14 Connecticut 95 125 Mississippi 78 79 Tennessee 254 271 Delaware 65 66 Missouri 219 221 Texas 712 729 District of Columbia 6 5 Montana 14 14 Utah 48 45 Florida 861 881 Nebraska 60 62 Vermont 3 4 Georgia 204 208 Nevada 84 92 Virginia 141 149 Hawaii 19 17 New Hampshire 32 36 Washington 139 140 Idaho 40 42 New Jersey 191 215 West Virginia 17 23 Illinois 610 620 New Mexico 69 68 Wisconsin 228 234 Indiana 201 218 New York 486 527 Wyoming 11 11 Iowa 70 72 North Carolina 263 221 Guam 0 1 Kansas 70 72 North Dakota 1 1 Puerto Rico 120 118 Kentucky 98 103 Ohio 250 272 U.S. Virgin Islands 1 0 TOTAL 8,309 8,582
The Company owned approximately 20% of its retail drugstore locations and leased the remaining locations at August 31, 2014. The leases are for various terms and periods. See Note 3 to the Company’s Consolidated Financial Statements in Part II, Item 8 of this Form 10-K. Net retail selling space remained consistent at 89 million square feet at August 31, 2014 and 2013. Approximately 20% of Company stores have been opened or remodeled during the past five years, including our “Well Experience” store format in over 700 locations, including a market-wide transformation in the Indianapolis area and new flagship stores in select markets including Boston, Chicago, Los Angeles, New York City, San Francisco, Washington, D.C., Las Vegas and Puerto Rico.
As of August 31, 2014: • The Company’s retail store operations were supported by 19 major distribution centers with a total of approximately 11 million square feet of space, of which 13 locations are owned. The remaining space is leased. All distribution centers are served by modern systems for order processing control and rapid merchandise delivery to stores. In addition, the Company uses public warehouses and third party wholesalers to handle certain distribution needs. As of August 31, 2014, AmerisourceBergen distributed substantially all of the Company’s branded and generic pharmaceutical products. John Giordani Art Griffith• The Company operated 34 principal office facilities containing approximately three million square feet, of which 13 locations were owned. The Company operated two mail service facilities containing (415) 685-3035approximately 237 thousand square feet, one of which was owned.DeerfieldPartners [email protected] • The Company owned 16 strip shopping malls containing approximately 500 thousand square feet.
31 Walgreens Pharmacy Santa Cruz, California
Income Statements Trailing 5 Years
John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Demographics - 1 Mile Radius Demographic and Income Profile
105 Laurel St, Santa Cruz, CA, 95060 Prepared by John GiordaniDeerfield Partners Ring: 1 mile radius Latitude: 36.969263429 Longitude: -122.0238094
Trends 2011-2016
3.5
3
2.5
2
1.5
1 Area State Annual Rate (in percent) 0.5 USA
0 Population Households Families Owner HHs Median HH Income
Population by Age
20
18
16
14
12
10
Percent 8
6 2011 4 2016 2
0 0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2011 Household Income 2011 Population by Race
$15K - $24K $25K - $34K 10.9% 70 10.8% 65 60 <$15K 55 $35K - $49K 15.5% 13.8% 50 45 40 35
Percent 30 $200K+ 4.7% 25 20 $150K - $199K $50K - $74K 5.2% 15 16.3% 10
$100K - $149K 5 11.9% $75K - $99K 0 White Black Am. Ind. Asian Pacific Other Two+ 11.0%
2011 Percent Hispanic Origin: 24.7%
John GiordaniSource: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016. Art Griffith June 07, 2012 (415) 685-3035 ©2012 Esri DeerfieldPartnersPage 2 of 6 [email protected] Walgreens Pharmacy Santa Cruz, California
Demographics - 1 Mile Radius Demographic and Income Profile
105 Laurel St, Santa Cruz, CA, 95060 Prepared by John GiordaniDeerfield Partners Ring: 1 mile radius Latitude: 36.969263429 Longitude: -122.0238094
Summary 2010 2011 2016 Population 24,551 24,535 24,947 Households 10,074 10,096 10,387 Families 3,768 3,757 3,839 Average Household Size 2.30 2.29 2.27 Owner Occupied Housing Units 2,826 2,695 2,786 Renter Occupied Housing Units 7,248 7,401 7,601 Median Age 31.2 31.3 31.9 Trends: 2011 - 2016 Annual Rate Area State National Population 0.33% 0.66% 0.67% Households 0.57% 0.63% 0.71% Families 0.43% 0.63% 0.57% Owner HHs 0.67% 0.99% 0.91% Median Household Income 3.51% 3.39% 2.75% 2011 2016 Households by Income Number Percent Number Percent <$15,000 1,564 15.5% 1,565 15.1% $15,000 - $24,999 1,096 10.9% 841 8.1% $25,000 - $34,999 1,092 10.8% 928 8.9% $35,000 - $49,999 1,392 13.8% 1,199 11.5% $50,000 - $74,999 1,646 16.3% 1,669 16.1% $75,000 - $99,999 1,106 11.0% 1,468 14.1% $100,000 - $149,999 1,203 11.9% 1,501 14.4% $150,000 - $199,999 528 5.2% 674 6.5% $200,000+ 470 4.7% 543 5.2%
Median Household Income $48,644 $57,788 Average Household Income $69,940 $81,234 Per Capita Income $30,827 $35,932 2010 2011 2016 Population by Age Number Percent Number Percent Number Percent 0 - 4 1,049 4.3% 1,023 4.2% 1,050 4.2% 5 - 9 954 3.9% 942 3.8% 941 3.8% 10 - 14 881 3.6% 872 3.6% 886 3.6% 15 - 19 1,448 5.9% 1,437 5.9% 1,370 5.5% 20 - 24 4,985 20.3% 5,006 20.4% 4,906 19.7% 25 - 34 4,431 18.0% 4,446 18.1% 4,637 18.6% 35 - 44 3,257 13.3% 3,229 13.2% 3,179 12.7% 45 - 54 3,022 12.3% 3,001 12.2% 2,830 11.3% 55 - 64 2,635 10.7% 2,665 10.9% 2,907 11.7% 65 - 74 1,041 4.2% 1,064 4.3% 1,331 5.3% 75 - 84 523 2.1% 522 2.1% 539 2.2% 85+ 325 1.3% 328 1.3% 369 1.5% 2010 2011 2016 Race and Ethnicity Number Percent Number Percent Number Percent White Alone 17,885 72.9% 17,865 72.8% 17,818 71.4% Black Alone 483 2.0% 483 2.0% 502 2.0% American Indian Alone 219 0.9% 221 0.9% 224 0.9% Asian Alone 1,301 5.3% 1,293 5.3% 1,362 5.5% Pacific Islander Alone 40 0.2% 40 0.2% 40 0.2% Some Other Race Alone 3,277 13.3% 3,288 13.4% 3,599 14.4% Two or More Races 1,345 5.5% 1,345 5.5% 1,400 5.6% Hispanic Origin (Any Race) 6,003 24.5% 6,068 24.7% 6,840 27.4%
Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.
June 07, 2012
©2012 Esri Page 1 of 6 John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Demographics - 3 Mile Radius Demographic and Income Profile
105 Laurel St, Santa Cruz, CA, 95060 Prepared by John GiordaniDeerfield Partners Ring: 3 mile radius Latitude: 36.969263429 Longitude: -122.0238094
Trends 2011-2016
4
3.5
3
2.5
2
1.5
1 Area State Annual Rate (in percent) 0.5 USA
0 Population Households Families Owner HHs Median HH Income
Population by Age
14
12
10
8
Percent 6
4 2011 2016 2
0 0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2011 Household Income 2011 Population by Race $25K - $34K 9.6% $15K - $24K 70 $35K - $49K 9.0% 13.0% 65 60 55 <$15K 10.7% 50 45 40 35
$50K - $74K Percent 30 17.4% $200K+ 5.5% 25 20 $150K - $199K 15 6.7% 10 $75K - $99K 5 12.0% $100K - $149K 0 16.0% White Black Am. Ind. Asian Pacific Other Two+
2011 Percent Hispanic Origin: 21.5%
John GiordaniSource: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016. Art Griffith June 07, 2012 (415) 685-3035 ©2012 Esri DeerfieldPartnersPage 4 of 6 [email protected] Walgreens Pharmacy Santa Cruz, California
Demographics - 3 Mile Radius Demographic and Income Profile
105 Laurel St, Santa Cruz, CA, 95060 Prepared by John GiordaniDeerfield Partners Ring: 3 mile radius Latitude: 36.969263429 Longitude: -122.0238094
Summary 2010 2011 2016 Population 83,398 83,132 83,316 Households 31,308 31,225 31,468 Families 15,366 15,309 15,340 Average Household Size 2.41 2.40 2.39 Owner Occupied Housing Units 14,352 13,879 14,201 Renter Occupied Housing Units 16,956 17,346 17,267 Median Age 33.1 33.1 33.7 Trends: 2011 - 2016 Annual Rate Area State National Population 0.04% 0.66% 0.67% Households 0.16% 0.63% 0.71% Families 0.04% 0.63% 0.57% Owner HHs 0.46% 0.99% 0.91% Median Household Income 4.01% 3.39% 2.75% 2011 2016 Households by Income Number Percent Number Percent <$15,000 3,326 10.7% 3,126 9.9% $15,000 - $24,999 2,822 9.0% 2,068 6.6% $25,000 - $34,999 3,001 9.6% 2,426 7.7% $35,000 - $49,999 4,059 13.0% 3,389 10.8% $50,000 - $74,999 5,438 17.4% 5,264 16.7% $75,000 - $99,999 3,753 12.0% 4,743 15.1% $100,000 - $149,999 5,005 16.0% 5,939 18.9% $150,000 - $199,999 2,089 6.7% 2,551 8.1% $200,000+ 1,730 5.5% 1,961 6.2%
Median Household Income $58,768 $71,517 Average Household Income $80,471 $93,123 Per Capita Income $33,501 $38,553 2010 2011 2016 Population by Age Number Percent Number Percent Number Percent 0 - 4 3,670 4.4% 3,590 4.3% 3,609 4.3% 5 - 9 3,567 4.3% 3,526 4.2% 3,473 4.2% 10 - 14 3,444 4.1% 3,412 4.1% 3,406 4.1% 15 - 19 8,413 10.1% 8,361 10.1% 8,055 9.7% 20 - 24 12,953 15.5% 12,954 15.6% 12,592 15.1% 25 - 34 11,770 14.1% 11,759 14.1% 12,010 14.4% 35 - 44 10,319 12.4% 10,212 12.3% 9,845 11.8% 45 - 54 10,816 13.0% 10,704 12.9% 9,872 11.8% 55 - 64 10,133 12.2% 10,231 12.3% 10,954 13.1% 65 - 74 4,404 5.3% 4,490 5.4% 5,457 6.6% 75 - 84 2,449 2.9% 2,439 2.9% 2,475 3.0% 85+ 1,460 1.8% 1,453 1.7% 1,568 1.9% 2010 2011 2016 Race and Ethnicity Number Percent Number Percent Number Percent White Alone 62,660 75.1% 62,347 75.0% 61,310 73.6% Black Alone 1,381 1.7% 1,376 1.7% 1,404 1.7% American Indian Alone 685 0.8% 687 0.8% 687 0.8% Asian Alone 5,287 6.3% 5,256 6.3% 5,499 6.6% Pacific Islander Alone 152 0.2% 152 0.2% 151 0.2% Some Other Race Alone 8,721 10.5% 8,804 10.6% 9,628 11.6% Two or More Races 4,513 5.4% 4,512 5.4% 4,636 5.6% Hispanic Origin (Any Race) 17,613 21.1% 17,835 21.5% 19,993 24.0%
Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.
June 07, 2012
©2012 Esri Page 3 of 6 John Giordani Art Griffith (415) 685-3035 DeerfieldPartners [email protected] Walgreens Pharmacy Santa Cruz, California
Demographics - 5 Mile Radius Demographic and Income Profile
105 Laurel St, Santa Cruz, CA, 95060 Prepared by John GiordaniDeerfield Partners Ring: 5 mile radius Latitude: 36.969263429 Longitude: -122.0238094
Trends 2011-2016
4
3.5
3
2.5
2
1.5
1 Area State Annual Rate (in percent) 0.5 USA
0 Population Households Families Owner HHs Median HH Income
Population by Age
14 13 12 11 10 9 8 7 6 Percent 5 4 3 2011 2 2016 1 0 0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2011 Household Income 2011 Population by Race
$25K - $34K 9.3% 75 $35K - $49K $15K - $24K 70 13.1% 8.7% 65 60 55 <$15K 10.4% 50 45 40
$50K - $74K 35 17.6% Percent $200K+ 30 5.9% 25 20 $150K - $199K 15 7.0% 10 $75K - $99K 5 11.9% $100K - $149K 0 16.0% White Black Am. Ind. Asian Pacific Other Two+
2011 Percent Hispanic Origin: 20.2%
John GiordaniSource: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016. Art Griffith June 07, 2012 (415) 685-3035 ©2012 Esri DeerfieldPartnersPage 6 of 6 [email protected] Walgreens Pharmacy Santa Cruz, California
Demographics - 5 Mile Radius Demographic and Income Profile
105 Laurel St, Santa Cruz, CA, 95060 Prepared by John GiordaniDeerfield Partners Ring: 5 mile radius Latitude: 36.969263429 Longitude: -122.0238094
Summary 2010 2011 2016 Population 113,213 112,864 112,964 Households 43,728 43,608 43,813 Families 22,413 22,350 22,380 Average Household Size 2.38 2.38 2.37 Owner Occupied Housing Units 21,849 21,189 21,625 Renter Occupied Housing Units 21,879 22,419 22,189 Median Age 35.3 35.4 36.0 Trends: 2011 - 2016 Annual Rate Area State National Population 0.02% 0.66% 0.67% Households 0.09% 0.63% 0.71% Families 0.03% 0.63% 0.57% Owner HHs 0.41% 0.99% 0.91% Median Household Income 4.12% 3.39% 2.75% 2011 2016 Households by Income Number Percent Number Percent <$15,000 4,549 10.4% 4,221 9.6% $15,000 - $24,999 3,813 8.7% 2,775 6.3% $25,000 - $34,999 4,035 9.3% 3,233 7.4% $35,000 - $49,999 5,718 13.1% 4,711 10.8% $50,000 - $74,999 7,678 17.6% 7,388 16.9% $75,000 - $99,999 5,198 11.9% 6,572 15.0% $100,000 - $149,999 6,991 16.0% 8,336 19.0% $150,000 - $199,999 3,062 7.0% 3,702 8.5% $200,000+ 2,562 5.9% 2,875 6.6%
Median Household Income $59,670 $73,027 Average Household Income $81,930 $94,964 Per Capita Income $34,431 $39,704 2010 2011 2016 Population by Age Number Percent Number Percent Number Percent 0 - 4 5,041 4.5% 4,932 4.4% 4,944 4.4% 5 - 9 5,042 4.5% 4,993 4.4% 4,917 4.4% 10 - 14 5,033 4.4% 4,994 4.4% 4,985 4.4% 15 - 19 10,742 9.5% 10,669 9.5% 10,229 9.1% 20 - 24 14,936 13.2% 14,932 13.2% 14,467 12.8% 25 - 34 15,335 13.5% 15,308 13.6% 15,556 13.8% 35 - 44 14,043 12.4% 13,904 12.3% 13,346 11.8% 45 - 54 15,475 13.7% 15,322 13.6% 14,077 12.5% 55 - 64 14,885 13.1% 15,022 13.3% 16,033 14.2% 65 - 74 6,579 5.8% 6,717 6.0% 8,134 7.2% 75 - 84 3,799 3.4% 3,778 3.3% 3,817 3.4% 85+ 2,302 2.0% 2,292 2.0% 2,461 2.2% 2010 2011 2016 Race and Ethnicity Number Percent Number Percent Number Percent White Alone 87,316 77.1% 86,895 77.0% 85,474 75.7% Black Alone 1,672 1.5% 1,664 1.5% 1,693 1.5% American Indian Alone 865 0.8% 867 0.8% 869 0.8% Asian Alone 6,591 5.8% 6,552 5.8% 6,860 6.1% Pacific Islander Alone 194 0.2% 194 0.2% 193 0.2% Some Other Race Alone 10,664 9.4% 10,782 9.6% 11,802 10.4% Two or More Races 5,910 5.2% 5,909 5.2% 6,073 5.4% Hispanic Origin (Any Race) 22,457 19.8% 22,765 20.2% 25,565 22.6%
Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.
June 07, 2012
John Giordani©2012 Esri Page 5 of 6 Art Griffith (415) 685-3035 DeerfieldPartners [email protected]