Goodwill donation express for sale

Transcription

1 Goodwill donation express for sale WALGREENS (NAP) New Construction, Net Leased Goodwill Donation Express 860 and 870 Sutton Way, Grass Valley, CA For more info on this opportunity please contact: CHRIS PETERS (415) CA BRE# CHRIS KOSTANECKI (415) CA BRE# ZEB RIPPLE (415) BRE# Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.

2 NEW CONSTRUCTION NET LEASED GOODWILL EXPRESS DROP OFF CENTER IN EXCELLENT LOCATION IN GRASS VALLEY, CA Investment Highlights PRICE: $740,465 CAP: 5.50% RENTABLE SF.... 1,704 SF PRICE PER SF.... $ LAND AREA ,939 SF LEASE TYPE NNN YEAR BUILT STRONG TENANT The subject property consists of two side-by-side, free standing jewel box retail buildings totaling 1,704 square feet, with excellent curb appeal, leased to Goodwill Industries of Sacramento Valley & Northern Nevada, Inc. The property is a pad to Grass Valley s flagship Walgreens, located at the corner of Sutton Way and Brunswick Road in the heart of Grass Valley s retail district. 7 year primary term lease, with increases and renewal extensions Strong tenant with excellent operating history SOLID FUNDAMENTALS Attractive modern construction Great synergy with Walgreens and other surrounding retailers including Bank of America, Starbucks, Safeway, and CVS Disclosure: The brokers promoting this investment opportunity have fractional ownership interests in the selling entity GOODWILL 2

3 Margaret G. Scotten Elementary Lyman Gilmore Middle School FOWLER CENTER NEVADA COUNTY GOLF COURSE 20 Me E mo ric ria W. l E Ro xp od res sw ay St. Mary s Academy E Main S treet Grass Valley Charter School GLENBROOK SHOPPING CENTER Wa y Silver Springs High School un Br Idah om aryl and Roa d Gold ay en Ce nter Colfax Highw Freew ay 174 s 27 wic,0 k R 00 oa D d A IL Y Su tt on PINE CREEK SHOPPING CENTER 49 NEVADA COUNTY AIRPORT-GOO SACRAMENTO GOODWILL 3

4 Oblique Aerial GOODWILL 4

5 Income & Expense PRICE $740,465 Price Per Square Foot: $ Capitalization Rate: 5.50% Total Rentable Area (SF): 1,704 Lot Size (SF): 13,939 STABILIZED INCOME Per Square Foot Scheduled Rent $24.00 $40,896 Effective Gross Income $24.00 $40,896 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Cap Ex Reserve ($0.10) ($170.40) EQUALS NET OPERATING INCOME $40,726 WALGREENS (NAP) 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. GOODWILL 5

6 Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/FT Yearly Rent/FT Goodwill Industries of Sacramento 1,704 08/01/14 07/31/18 $40,896 $3,408 $40,896 $2.00 $ /01/18 07/31/21 $3,749 $44,986 $2.20 $26.40 Option 1 08/01/21 07/31/23 $3,899 $46,792 $2.29 $ /01/23 07/31/25 $4,054 $48,649 $2.38 $ /01/25 07/31/26 $4,217 $50,609 $2.48 $29.70 Option 2 08/01/26 07/31/27 $4,217 $50,609 $2.48 $ /01/27 07/31/29 $4,385 $52,620 $2.57 $ /01/29 07/31/31 $4,395 $52,735 $2.58 $30.95 Totals: 1,704 $40,896 $3,408 $40,896 $2.00 $24.00 Note: Rent Commencement is anticipated to occur on 8/1/14, however the date has not been finalized and could occur sooner or later than 8/1/14. 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. GOODWILL 6

7 Goodwill WALGREENS (NAP) WALGREENS (NAP) THERE ARE CURRENTLY 165 GOODWILL ORGANIZATIONS IN THE U.S. AND CANADA ABOUT GOODWILL There are currently 165 Goodwill organizations in the U.S. and Canada with 14 Goodwill affiliated organizations in other countries around the world. Goodwill brings its reputable model of self-sustainability, backed by a 110+ year-old history of success, to markets that can support it by working closely with a wide range of local stakeholders. Goodwill works to enhance the dignity and quality of life of individuals and families by strengthening communities, eliminating barriers to opportunity, and helping people in need reach their full potential through learning and the power of work. Goodwill offers customized job training and employment placement to people who have disabilities or face employment challenges. In 2013, Goodwill helped more than 9.8 million people train for careers in industries such as banking, IT and health care, to name a few and get the supporting services they needed to be successful such as English language training, additional education, or access to transportation and child care. More than 260,000 people obtained meaningful employment in 2013 through their participation in Goodwill programs REVENUE $5.17 BILLION NUMBER OF LOCATIONS 165 GOODWILL 7

8 Regional Map TRAFFIC COUNTS IN EXCESS OF 27,000 VPD ON BRUNSWICK RD Grass Valley 1.5 Hours 78 Miles GOODWILL Tahoe City 1 Hour 57 Miles Sacramento WALGREENS (NAP) GOODWILL 8

9 Location & Demos GRASS VALLEY, CA Grass Valley is situated in the foothills of the Sierra Nevada mountain range within driving distance of many desirable Northern California destinations. The city is just 57 miles from Sacramento, 70 miles from Lake Tahoe, 86 miles from Reno, and 144 miles from San Francisco. Tourism, and the related services sector, have emerged as Grass Valley s number one industry. And yet thousands of people work in retail and wholesale, trade, engineering, manufacturing, construction, other businesses, and various levels of government. Agriculture continues to be an important aspect of the area s economy. During th e past decade Nevada County has also become known for its growing, high quality wine industry. Nevada County is home to 94 established high tech and applied tech companies and more than 1,000 hardware and software design and development professionals reside in this area. Multi-national technology firms 3 Com, TDK Semi-Conductor, Maxim Integrated Products, and National Semi-Conductor all have a presence in the area. In addition to the broad base of high tech electronic companies, the community is recognizing the emergence of new industries such as alternative energy sources and other innovative products. POPULATION 2013 HOUSEHOLD INCOMES TOP EMPLOYERS IN GRASS VALLEY Employer # of Employees* Sierra Nevada Memorial Hospital 1,000 Safeway 500 Furniture by Thurston 250 Nevada Irrigation District 250 *Approximate 1-Mile 3-Mile 5-Mile ,975 24,407 36, ,994 24,366 36, ,003 24,289 36,929 1-Mile 3-Mile 5-Mile Average $41,636 $60,846 $63,552 Median $25,085 $43,242 $47,112 GOODWILL 9

10 WALGREENS (NAP) A unique HUMAN RESULTS-DRIVEN client experience THE CAPITAL PACIFIC EXPERIENCE - OUR DAILY COMMITMENT TO OUR CLIENTS [ ] CHRIS PETERS cpeters@capitalpacific.com (415) CA BRE# ZEB RIPPLE zripple@capitalpacific.com (415) BRE# CHRIS KOSTANECKI ck@capitalpacific.com (415) CA BRE# Copyright 2014 [Capital Pacific Real Estate Brokerage Company]