SONOMA BLVD (21,650 ADT) FREE STANDING RETAIL BUILDING ON MAJOR RETAIL THOROUGHFARE REDEVELOPMENT/OWNER-USER OPPORTUNITY VALLEJO, CA
SONOMA BLVD (21,650 ADT) 5,500 SF BUILDING IN A CVS AND 99 CENT ONLY ANCHORED SHOPPING CENTER 2
Overview REDEVELOPMENT/OWNER-USER OPPORTUNITY 3790 SONOMA BLVD, VALLEJO, CA 94590 $1,200,000 PRICE $218 PPSF 5.00% CAP LEASABLE SF 5,500 SF YEAR BUILT 1979 LAND AREA 23,000 SF PARKING RECIPROCAL ZONING CP (PEDESTRIAN SHOPPING AND SERVICE DISTRICT ) CLICK HERE FOR ZONING High visibility location on Sonoma Blvd with short setbacks and pylon sign Rare pad opportunity in infill, grocery & pharmacy anchored center in Bay Area Sonoma Blvd. is the dominant retail corridor in Vallejo, CA The center has recently been redeveloped with 99 Cent Only and Davita Dialysis recently coming to the shopping center In place income ($6,540/month) with furniture tenant (this is the second location in the center for the tenant) that is cancelable with a 30 day notice 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 THE OFFERING provides an opportunity to acquire a 5,500 square foot building perfectly suited for an owner/user or redevelopment for an owner/user. The building is currently occupied by a furniture tenant (second location in the center for the tenant) that is cancelable with a 30-day notice. The building was originally occupied by Sizzler and does have infrastructure in place necessary to operate a restaurant. The subject property is located in a large shopping center that has consistently gone through value-increasing redevelopment with tenants such as 99 Cent Only and a build-to-suit Davita Dialysis at the south end of the shopping center. The shopping center is at the core of retail trade in Vallejo. Contact the team DAVE LUCAS dlucas@capitalpacific.com PH: 415.274.7390 CA BRE# 01389761 THE PROPERTY IS LOCATED AT THE MAJOR RETAIL INTERSECTION of Sonoma Blvd and Redwood street, both of which stretch to the ends of Vallejo, increasing the draw of neighboring center patrons. Neighboring daily needs tenants include Walmart Neighborhood Market, Smart & Final, CVS Pharmacy, Walgreens, and Seafood City. Many convenience retailers that also draw customers to the intersection include Carls Jr., Wendy s, Taco Bell, Burger King, Starbucks, Radio Shack and many others. THE BUILDING IS THE BEST LOCATED PAD IN THE SHOPPING CENTER WITH EXCELLENT VISIBILTY AND SIGNAGE ON SONOMA BLVD 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. 4
Aerial Federal Terrace Elementary 37 Mare Island Golf Club SAN FRANCISCO N A P A R I V E R MARE ISLAND WAY St. Vincent Ferrar School SACRAMENTO ST 29 Lincoln Elementary 21,650 VPD SONOMA BLVD 80 29 SONOMA BLVD CURTOLA PKWY Franklin Middle School GEORGIA ST TENNESSEE ST Vallejo High School Vallejo Senior High School St. Basil s School Highland Elementary 14,250 VPD REDWOOD ST Cooper Elementary John W. Finney High School 80 Beverly Hills Elementary 780 Steffan Manor Elementary REDWOOD PKWY 5
Submarket Overview RETAILERS IN CLOSE PROXIMITY INCLUDE: Walmart Smart & Final 99 Cent Only Big 5 Sporting Goods CVS DaVita Dialysis DD s Discounts Dollar Tree Walgreens Bank of America In-Shape O Reilly Auto Parts Burger King Subway Taco Bell 777 Bingo Western Dental 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 586 2,549 3,240 Employees 8,861 43,334 50,661 Residential Population 15,817 103,500 149,055 KEY 1-MILE 3-MILES 5-MILES
Subject Property Floor Plan 7
Income & Expense SBA Loan Amount (90% LTV) $1,080,000 Interest Rate 5.50% Amortization 20 Year Term 10 Year Fixed Lender Type SBA/Bank Debt Service ($89,150) Monthly Debt Service $7,429 Monthly Expenses $1,584 Total Cost of Occupancy/month $9,013 Total Cost to Lease $12,586 Owner Occupier Savings per month $3,572 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
Site Plan RETAIL TENANTS (NAP) PACE SOLANO FORMER STRAW HAT COST RITE FURNITURE TUSCALITO TIRE RETAIL TENANTS (NAP) REDWOOD ST SUBJECT PROPERTY SONOMA BLVD 29 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. 9
Aerial View SONOMA BLVD (21,650 ADT) 10
Demographics POPULATION 1-MILE 3-MILES 5-MILES 2010 15,357 98,361 141,402 VALLEJO 2017 15,817 103,500 149,055 2022 16,345 107,633 155,146 2017 HH INCOME 1-MILE 3-MILES 5-MILES Average $62,544 $75,680 $86,010 Median $45,707 $58,340 $65,745 TOP EMPLOYERS EMPLOYER # OF EMPLOYEES SAN FRANCISCO (1 HR 55 MILES) Kaiser Permanente - Med Center 2,735 Six Flags Marine World 2,000 Kaiser Permanante - Call Center 950 Sutter Solano Medical Center 670 THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS IS OVER $86K 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
Location Overview VALLEJO, CALIFORNIA SAN FRANCISCO VALLEJO is located in the northern part of the East Bay region of the San Francisco Bay Area and is accessible by Interstate 80 between San Francisco and Sacramento. Vallejo is the largest city in Solano County with a 2016 population in excess of 121,299, making it the tenth most populous city in the Bay Area. Vallejo is a popular destination due to its central location and unique attractions. A high-speed commuter ferry service runs from a terminal on Mare Island in Vallejo non-stop to San Francisco. The city is also just an hour away from a generous array of Napa and Sonoma wineries. In addition, Vallejo is home to Six Flags Discovery Kingdom, America s only combination marine life, wildlife, and wild rides theme park and one of the city s top employers. Healthcare and government are other major industries in Vallejo. SAN FRANCISCO is the fourth most populous city in California, and the fourteenth most populous city in the United States. Many Vallejo residents commute to San Francisco or other suburbs via car, ferry, or bus. San Francisco has a diversified service economy, with employment spread across a wide range of professional services, including financial services, tourism, and (increasingly) high technology. 121,299 VALLEJO POPULATION (2016) 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. 12
We d love to hear from you. DAVE LUCAS dlucas@capitalpacific.com PH: 415.274.7390 CA BRE# 01389761 CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM: ZEB RIPPLE JOHN ANDREINI ZANDY SMITH JACK NAVARRA CHRIS KOSTANECKI JOE CACCAMO RICK SANNER CHRIS PETERS DAVE LUCAS AARON SUSMAN 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.
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