CHEVRON C-STORE RESTAURANT

Transcription

1 CHEVRON C-STORE RESTAURANT VICTORVILLE, CA OFFERING MEMORANDUM BEAR VALLEY ROAD VICTORVILLE, CA BANKRUPTCY-LENDER SALE

2 OFFERING MEMORANDUM THIS IS AN OFFERING MEMORANDUM intended for the Chevron Gas Station/C-Store/Church s Fried Chicken Restaurant located at Bear Valley Road, Victorville, CA as more particularly described here-in ( Property ). This memorandum contains information pertaining to the Property s seller U.S. Bankruptcy Court Chapter 7 Trustee, Steven M. Speier, ( Seller ) and has been prepared by BRAUN, ( BRAUN ). Although the seller has reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the seller, nor any of its members, officers, directors, employees or agents, nor BRAUN, nor broker, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The seller, BRAUN and broker disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental condition of the property, or as to any other aspect of the property. PAGE 2

3 CHEVRON C-STORE CHURCH S FRIED CHICKEN RESTAURANT section Bear Valley Road Victorville, CA section 2 section 3 section 4 Market Overview Demographics Information 1230 Rosecrans Ave. Suite 160 Manhattan Beach, CA fax Los Angeles San Francisco New York Chicago Cleveland Miami BRE #

4 1 The Property CHEVRON C-STORE CHURCH S FRIED CHICKEN RESTAURANT BEAR VALLEY ROAD VICTORVILLE, CA Demographics Market Overview Property Description PAGE 4 Information

5 CHEVRON PROPERTY INFORMATION Property Description Location: Bear Valley Road Victorville, California Size: acres Shape: Triangular Frontage: The site has frontage along Bear Valley Road Topography: The site is level at street grade Drainage: Drainage appears adequate Utilities and Services: Public utilities include power and water Parking: Parking are appears adequate for the current improvements Use: The site is currently improved with an operating Chevron Gas Station, Convenience Store and Church s Fried Chicken Restaurant. Building Size: 6,087 sq. ft. Year built: 2002 APN: High traffic location 41,300 cars daily (2008*) 12 pumping stations PAGE 5

6 CHEVRON Property Description PAGE 6

7 MAP & INDOORS Property Description CHEVRON C-STORE RESTAURANT I-15 FREEWAY PAGE 7

8 OVERHEAD VIEW The Property PAGE 8

9 2 Market Overview Property Description Market Overview PAGE 9 Information Demographics

10 THE MARKET OVERVIEW Located in Southern California along Interstate 15, 90-miles northeast of Los Angeles, Victorville has successfully established itself among the most cost-effective locations in California to do business. Testimony supporting that distinction involves nationally and internationally recognized companies having opened manufacturing, logistics or aerospace related operations in Victorville. Industry chooses Victorville because of investments it has made in its public infrastructure system, including its airport, electrical, natural gas, roadway, water and wastewater treatment systems. Resulting from its successes in attracting major industry to its community, Victorville has also enjoyed major additions to its commercial retail sector. The Mall of Victor Valley has recently undergone a multi-million dollar renovation which has yielded new and expanding tenancies that include among others, Cinemark, JCPenney, Dick s Sporting Goods and Macy s. Investments made by the Mall of Victor Valley have been complemented with the development of a restaurant row along the Amargosa Road corridor leading to the Mall of Victor Valley. Additional to this success, Victorville Mazda opened a new auto dealership increasing the variety of new car sales opportunities among 14-franchise operators. Market Overview Amazingly, a large majority of Victorville s industrial and retail expansion has occurred during what has been called the worst economic recession since the Great Depression. This is all because Victorville truly offers A World of Opportunity. PAGE 10

11 GEOGRAPHIC INFORMATION Market Overview PAGE 11

12 3 Demographics Property Description Market Overview PAGE 12 Information Demographics

13 DEMOGRAPHICS CITY OF VICTORVILLE As of September 30, 2013 the residential population of Victorville is 115,000 and growing. Estimates suggest that this figure more than doubles during business hours to accommodate the needs of the more than 300,000 people who call the Victor Valley home. A dependable and qualified labor force is one of the keys to business success. Victorville is home to a large and diverse pool of workers, and has many educational opportunities to ensure a qualified supply of workers for the future. 900,000 workers within a one hour drive 50,000 local residents who commute to outside jobs 34 area universities, colleges and technical schools Job training centers/vocational programs Affordable housing for all of your employees Employee training and recruitment programs are available from the City of Victorville, County of San Bernardino and State of California ECONOMIC INFORMATION The Victor Valley includes the communities of Adelanto, Apple Valley, Hesperia, Lucerne Valley, Oak Hills, Phelan, Victorville and Wrightwood. Victorville is the business hub of the area and draws consumers from well beyond its immediate area. It is the largest commercial center between San Bernardino and the Nevada border. Most of the area's employment opportunities fall into servicerelated businesses, with nearly 42% of businesses in the city located in the retail sales category. Local manufacturing companies are primarily related to mining and cement production. Within the city, there are some 6,550 acres zoned for commercial use and nearly 75% remains available for development. Victorville is home to the largest enclosed regional shopping center between San Bernardino and Las Vegas. The Mall of Victor Valley is anchored by major department stores such as J.C. Penney and Sears. Kohl s Department Store has also located to Victorville within the past couple of years, making it the newest retailer in the City. Victorville also offers many other retail facilities for consumers. Demographics PAGE 13

14 4 Information Property Description Market Overview PAGE 14 Information Demographics

15 INFORMATION OFFERING PROCESS Offers are being considered on a first-come-first-offer basis. We suggest buyers conduct their due diligence as quickly as possible. david@braunco.com Fax: Mail: BRAUN Inc., 1230 Rosecrans Ave., Suite 160, Manhattan Beach CA Attention: Chevron Victorville BUYER BROKER PARTICIPATION A one-and-a-half percent (1.5%) commission will be paid to any licensed agent who represents and registers a successful buyer. PROPERTY INFORMATION The property information is a complete compilation of documents, forms, reports, and title information related to the property and is available on our website for review and download. PROPERTY PREVIEW You may view the property at anytime. DUE DILIGENCE MATERIALS Braun is providing the following information: Phase One Report 2011 to 2014 Sales Reports Leases Operating Agreement PAGE 15 Information

16 TIMELINE PROPERTY INSPECTION You may preview the property at anytime. COMPLETE DUE DILIGENCE After visiting the property, prospective buyers should perform their own due diligence, including review of the property information at BraunCo.com. See court motion filed for bidding proceedures Submit your offer with proof of funds. CLOSING DATE: 15 days from Court confirmation. PAGE 16 Information

17 DISCLAIMER DISCLAIMER: BRAUN is the broker on behalf of the United States Chapter 7 Bankruptcy Trustee, Stephen Speier. BRAUN makes no representations or warranties on approved uses of the property. This brochure is provided for the sole purpose of allowing a potential buyer to evaluate the subject property. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor seller and broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any hazardous materials in relation to the property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, broker, sales agents or seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN will not be responsible if the property is unsatisfactory to the bidder in any way. All decisions by the Court shall be final. PROPERTY VALUE Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value. PAGE 17