For Sale Santa Clara Retail Center 2782 Homestead Rd - Santa Clara, CA OUTPARCEL TO MARIPOSA GARDENS SHOPPING CENTER ANCHORED BY SAFEWAY, CVS PHARMACY AND ROSS STORES For More Information, Contact: Bruce Frazer Senior Vice President [email protected] 408.216.2315 SRS Real Estate Partners | 901 Campisi Way, Suite 245 | Campbell, CA 95008 CA Lic: 0576968 EXCLUSIVELY MARKETED BY BRUCE FRAZER | SENIOR VICE PRESIDENT SRS REAL ESTATE PARTNERS 901 Campisi Way, Suite 245 | Campbell, CA 95008 DL: 408.216.2315 | M: 408.553.6135 [email protected] | CA License No. 00576968 This Offering Memorandum has been prepared by SRS Real Estate Partners and has been approved for distribution by the owner. Although effort has been made to provide accurate information, neither the owner nor SRS can warrant or represent accuracy or completeness of the materials presented herein or in any other written or oral communications transmitted or made available to the purchaser. Many documents have been referred to in summary form and these summaries do not purport to represent or constitute a legal analysis of the contents of the applicable documents. Neither owner nor SRS represents that this offering summary is all inclusive or contains all of the information a purchaser may require. All of the financial projections and/or conclusions presented herein are provided strictly for reference purposes and have been developed based upon assumptions and conditions in effect at the time the evaluations were undertaken. They do not purport to reflect changes in the economic performance of the property or the business activities of the owner since the date of preparation of this Offering Memorandum. The projected economic performance of the property, competitive submarket conditions, and selected economic and demographic statistics may have changed subsequent to the preparation of the package. Qualified purchasers are urged to inspect the property and undertake their own independent evaluation of the property, the market and the surrounding competitive environment. Actual Site 4 7 11 20 INVESTMENT SUMMARY PROPERTY OVERVIEW AREA OVERVIEW FINANCIALS INVESTMENT HIGHLIGHTS PARCEL INFO PICTURES RENT ROLL TENANT PROFILE AERIALS CITY OVERVIEW LOCATION MAP DEMOGRAPHICS Actual Site INVESTMENT HIGHLIGHTS SIGNALIZED, HARD CORNER INTERSECTION STRONG HISTORICAL OCCUPANCY • The center is located on the signalized corner of Homestead Road and Kiely Boulevard. • This is the first time the property has been available for sale. • Traffic Counts: Approximately 30,000 cars per day on Kiely Boulevard • Rare strip center with long term tenants. • Dense residential area surrounding the subject property, including numberous multi- family developments within walking distance. • Adjacent to Mariposa Gardens Shopping Center which includes: Safeway, Ross, CVS Pharmacy, Taco Bell, Wells Fargo and US Bank. PROPERTY • Long term tenancies since the project was completed in 2003. There have been no • The immediate area features a highly education population, and provides the center vacancies. with a steady, affluent customer base. • Small retail spaces which increase the number of tenants that will have interest in the • Located a quarter mile east to Kaiser Permanente Medical Center and a short drive to space should a vacancy occur. numerous major employers. • A drive-thru kiosk on the corner of Homestead Road and Kiely Boulevard. • Centrally located in Santa Clara County. • Few small quality retail properties become available in Santa Clara County. • Rare opportunity to have a drive-thru situated on the property. The Caffino operator owns the building but may not remove it at the expiration of the lease without Landlord’s consent. EXCELLENT DEMOGRAPHICS • The one mile trade area is supported by a dense population of 31,676 with an affluent average household income of $134,940. • The two mile trade area is supported by a dense population of 128,788 with an affluent average household income of $123,357. • Within one mile there are 5,583 employees and within two miles, there are 43,606 employees. 4 / 2782 HOMESTEAD ROAD / SANTA CLARA, CALIFORNIA INVESTMENT SUMMARY / SRS REAL ESTATE PARTNERS Actual Site INVESTMENT SUMMARY OFFERING SRS Real Estate Partners NW, is pleased to present the rare opportunity to acquire this retail center occupied by four excellent tenants with long term occupancy. The center is on the immediate corner of Homestead Road and Kiely Boulevard, in front of Mariposa Gardens Shopping Center which is anchored PRICING: $4,583,102 by Safeway, Ross and CVS Pharmacy. The asset has excellet visibility and access on a corner site. The one mile trade area is supported by a dense population exceeding 31,000 with an affluent average household NET OPERATING INCOME: $199,364.96 income of approximately $135,000. Within two miles of the property there are 35,639 employees. CAP RATE: 4.35% TENANTS: Caffino, Popeyes, The UPS Store, GameStop PROPERTY SPECIFICATIONS RENTABLE AREA: 4,200 SF (Not including Caffino) LAND AREA: 18,168 SF PROPERTY ADDRESS: 2786 Homestead Road, Santa Clara, CA 95051 YEAR BUILT: 2003 PARCEL NUMBER: 294-18-037 OWNERSHIP: Fee Simple (Land and building excluding Caffino kiosk) 5 / 2782 HOMESTEAD ROAD / SANTA CLARA, CALIFORNIA INVESTMENT SUMMARY / SRS REAL ESTATE PARTNERS Actual Site PROPERTY SPECIFICATIONS Year Built: ......................................................................................................................................... 2003 Rentable Area: .............................................................................................................................4,200 SF Land Area: .................................................................................................................................18,168 SF Address: .................................................................2782 Homestead Road, Santa Clara, California 95051 BRAND PROFILE THE UPS STORE This store has been in the shopping center since it was developed (previously Mailboxes Etc.). The UPS Store network is Industry: ..........................Retail and Franchising the world’s largest franchisor of retail shopping, postal, printing and business service centers. Today, there are more than Services: ........... Packaging, Labeling, Shipping, 5,000 independently owned The UPS Store locations in the U.S., Puerto Rico, and Canada. The UPS Store, Inc., franchisor Postal, Printing and Business Services of The UPS Store brand, is a wholly owned subsidary of United Parcel Service. POPEYES LOUISIANA CHICKEN Popeyes has been in the shopping center since it was developed. Popeyes is an American multi-national chain of fried Industry: ......................... Restaurants/Fast Food chicken, fast food restaurants founded in 1972 in New Orleans, Louisiana. Since 2008, its full brand name is Popeyes Products: ............ Fried Chicken, Cajun Cuisine, Louisiana Kitchen, Inc., and it was fromerly named Popeyes Chicken & Biscuits. It is currently a subsidiary of Toronto- Seafood, Vegetables and Biscuits based, Restaurants Brands International. According to a company press release dated June 29, 2007, Popeyes is the second-largest, “quick-serve chicken restaurant group, measured by number of units,” after KFC. More than 2,600 Popeyes restaurants are in more than 40 states and the District of Columbia, Puerto Rico, and 30 countries worldwide. GAMESTOP This store has been in the shopping center since it was developed. GameStop Corp. is an American video game, consumer Industry: ................................................... Retail electronics, and wireless service retailer. The company is headquartered in Grapevine, Texas and operates 7,267 retail Products: ....................Video Games, Consoles, stores throughout the United States, Canada, Australia, New Zealand, and Europe. The company’s retail stores primarily and Accessories operate under the GameStop, EB Games, ThinkGeek and Micromania brands. CAFFINO Caffino, Inc. operates a chain of coffee bars and expresso shops. The company was founded in 1993 and is based in Industry: ..Fast-Food & Quick-Service Restaurants Concord, California, with locations in California nd South Carolina. The drive-thru has been in the shopping center since Products: ..................................Coffee and Tea it was developed. Caffino locations are independtly owned and operated and the current tenant purchased the business within the last three years and owns the building.d 6 / 2782 HOMESTEAD ROAD / SANTA CLARA, CALIFORNIA RENT ROLL / SRS REAL ESTATE PARTNERS Actual Site PARCEL MAP 7 / 2782 HOMESTEAD ROAD / SANTA CLARA, CALIFORNIA RENT ROLL / SRS REAL ESTATE PARTNERS Actual Site 1-MILE AVERAGE HOUSEHOLD INCOME - $134,940 3-MILE AVERAGE HOUSEHOLD INCOME - $130,430 5-MILE AVERAGE HOUSEHOLD INCOME - $137,533 1-MILE AVERAGE HOUSEHOLD INCOME - $134,940 3-MILE AVERAGE HOUSEHOLD INCOME - $130,430 5-MILE AVERAGE HOUSEHOLD INCOME - $137,533 2782 Homestead Rd 2018 ESTIMATED SAN FRANCISCO POPULATION 1 Mile ......................................................... 31,676 3 Mile ........................................................242,232 5 Mile ........................................................605,165 2018 AVERAGE HOUSEHOLD INCOME 1 Mile ......................................................$134,940 3 Mile ......................................................$130,430 5 Mile ......................................................$137,533 2018 ESTIMATED TOTAL EMPLOYEES 1 Mile ........................................................