100% Single Tenant Retail Leasehold Investment FOR MORE INFORMATION PLEASE CONTACT DAVID FUKUDA Lic. 01028303 +1 408 453 7429 david.fukuda@cbre.com JACK DEPUY Lic. 01796176 +1 408 453 7466 jack.depuy@cbre.com SETH MCKINNON Lic. 01842050 +1 650.577.2927 seth.mckinnon@cbre.com CBRE, INC. 225 W. Santa Clara, 10th Floor, San Jose, CA 95113 +1 408 453 7400 www.cbre.com/siliconvalley
EXECUTIVE SUMMARY CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire the leasehold interest in 3520 S. El Camino Real, a single story, 22,039 square foot retail building located in San Mateo California. The Property is 100% leased to one tenant, PetSmart. The Property is situated along one of San Mateo s busiest streets with excellent visibility and is surrounded by major retailers. The Property is on a short term ground lease that expires in 2030, with no option to renew. Price - $2,500,000 Price PSF - $113 NOI- $298,559* Capitalization Rate 12%* *Based on NOI beginning 10/1/14 and includes payment of ground lease Total of ±22,039 SF ±1.75 Acres (76,230 SF) 100% Occupancy Tenant - PetSmart Parking: 4.3/1,000 (95 spaces) APN: 042-121-040 C3 Regional / Community Commercial Zoning Petsmart Lease Expiration Date: 3/31/2019 Petsmart Options to Renew: 3 Options to renew through the remaining term of ground lease Ground lease expiration: 5/31/2030 For Additional Information, please call listing brokers
BAY MEADOWS NEW DEVELOPMENT WELLS FARGO PROPERTY SUMMARY HILLSDALE BLVD. EL CAMINO REAL 2014 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.n:\team-marketing\3520 S. El Camino Real\3520 S. ElCaminoReal_OM_v01.indd
Site Plan PROPERTY SUMMARY Dock Level DH DH ±22,039 SF El Camino Real
TENANT OVERVIEW COMPANY OVERVIEW Corporate HQ: Phoenix, AZ Founded: 1986 # of Stores / Employees: 1,289 / 52,000 Website: www.petsmart.com FINANCIAL HIGHLIGHTS Market Cap: ± $6.60B Profit Margin: 6.07% Operating Margin: 10.02% Total Revenues: $6.92B Gross Profit Margin (ttm): $2.12B EBITDA: $928.75M NADAQ Ticker: PETM PetSmart is the largest pet retailer of services and solutions for the lifetime needs of pets in North America. PetSmart was established in 1986 and went public in 1992 on NASDAQ, ticker PETM. PetSmart operates 1,289 stores in the United States, Canada and Puerto Rico. Their stores are stocked with more than 10,000 products. The PetSmart San Mateo location offers a fully stocked retail store located adjacent Hillsdale Shopping Center, one of the Mid- Peninsula s busiest shopping destinations. In addition to the retail store, the San Mateo PetSmart offers an array of pet grooming services, pet training services with PetSmart accredited trainers and a Banfield Pet Hospital. The Banfield Pet Hospital are in-store pet hospitals that offer expert veterinarian care including a full range of health care, wellness programs and emergency services.
Income Population LOCATION OVERVIEW 2014 Est. Median 2019 Prj. Median 2000 Cen. Median 2014 Est. Average 2014 Estimated Per Capita Income $74,981 $85,067 $99,650 $84,582 $97,037 $111,011 $55,957 $65,926 $78,016 $102,789 $112,832 $134,218 $40,317 $44,784 $53,722 2014 Estimated Population 7,183 28,722 165,329 2019 Projected Population 7,570 30,521 175,303 2010 Census Population 6,870 27,227 156,935 2000 Census Population 46,455 25,729 151,269 Growth 2010-2014 4.55% 5.49% 5.35% Growth 2014-2019 5.36% 6.26% 6.03% 2014 Estimated Median Age 38.59 40.21 41.25 2014 Estimated Average Age 39.15 39.95 40.56 Households 2014 Estimated Households 2,817 11,400 66,175 2019 Projected Households 2,953 12,084 70,071 2010 Census Households 2,714 10,834 62,976 2000 Census Households 2,652 10,505 61,823 Growth 2010-2014 3.79% 2.55% 5.08% Growth 2014-2019 4.81% 5.99% 5.89% Housing 2014 Estimated Housing Units 2,917 11,819 68,980 2014 Estimated Occupied Units 2,817 11,400 66,175 2013 Estimated Vacant Units 100 419 2,805 2014 Est. Owner Occupied Units 1,058 5,965 38,074 2014 Est. Renter Occupied Units 1,759 5,435 28,100 2014 Est. Median Housing Value $763,064 $763,421 $794,820 2014 Est. Average Housing Value $770,621 $783,819 $852,192
LOCATION OVERVIEW 2014 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.n:\team-marketing\3520 S. El Camino Real\3520 S. ElCaminoReal_OM_v01.indd