PROPERTY HIGHLIGHTS: Dense population with over 175,000 residents within a 3-mile radius Brand new 5-year lease Strategically located along Highway 99 with immediate highway access Surrounded by strong national tenants which includes Costco, CVS, Kaiser Permanente, Grocery Outlet, Wendy s, and Denny s FOR SALE Absolute Net Retail Investment 7933 East Stockton Boulevard Bill Johnson Associate (209) 546-6051 Bill.Johnson@ngcip.com License # 01992157 Xavier Santana President (925) 226-2455 Xavier@ngcip.com License #01317296 www.ngcip.com Broker # 01910787 T (209) 477-4400 F (209) 476-7344
PROPERTY SUMMARY SALE PRICE: BUILDING SIZE: PARCEL SIZE: ZONING: Contact Broker ± 25,633 Sq Ft ± 3.5 Acres Neighborhood Commercial (NC) TRAFFIC COUNTS: East Stockton Blvd @ Site: Highway 99 @ Site: ± 8,000 ADT ± 65,000 ADT PROPERTY HIGHLIGHTS: Located on a major north-to-south thoroughfare, East Stockton Boulevard, with a strong traffic count of ± 41,000 ADT Concrete tilt-up building with flexible floor plan to allow for demising and downsizing Spacious on-site parking with more than 100 available spaces Located on the Highway 99 corridor between Downtown Sacramento and Elk Grove High average household income of over $66,000 and dense population in excess of 365,000 people within a 5-mile radius Surrounding co-tenants consist of Costco, Wendy s, American Furniture, Grocery Outlet, Kaiser Permanente, Dignity Health, and much more PG 2
PROPERTY LEASE ABSTRACT SUMMARY LEASE TYPE: Ground Lease ADDITIONAL RENT TENANT NAME: ADDRESS: Office Depot APN#: 115-0210-042 RENTABLE SF: 7933 E Stockton Blvd, Sacramento CA ± 25,366 SF ORIG. DATE OF LEASE: September 23,1994 DELIVERY DATE: August 15,1995 COMMENCEMENT DATE: November 15,1995 LEASE EXP: September 30,2017 NEW LEASE TERM: Five (5) years starting 10/01/2022 OPTIONS TO RENEW: RENEWAL NOTIFICATION: Two(2) options at 5-years per option To exercise an option period, the tenant must give the landlord written notice irrevocably exercising the option, not more than 12 months nor less than 9 months, prior to the end of the current renewal term. PERCENTAGE RENT: REAL ESTATE TAXES: INSURANCE: COMMON AREA MAINT: MANAGEMENT FEE: UTILITIES: LANDLORD OBLIGATIONS: HOLD OVER: ADDENDUM: None Tenant s expense Tenant s expense Tenant s expense Tenant s expense Tenant s expense Maintain the access areas in good condition and state of repair and free from refuse, debris, and obstruction of any kind or nature and to permit at all times the free flow of traffic over the access area. Maintain commercial general liability insurance with respect to the common area. TERMINATION FEE: Tenant has no right to terminate GENERAL USE: Office Supply Store LEASE TYPE: Absolute Net RENT SCHEDULE LEASE TERM RENT Old Lease 09/23/2009 2920 09/30/2017 $152,196.00 New Lease 10/01/2017 1825 09/30/2022 $197,854.80 1 10/01/2022 1825 09/30/2027 $217,640.28 2 10/01/2027 1825 09/30/2032 $239,455.04 FREE RENT: SUITE NUMBER: SECURITY DEPOSIT: ADDITIONAL PROVISIONS: ASSIGNMENT & SUBLETTING: Tenant must get written consent of Owner (within 30 days of landlord notification) in each instance. PG 2
PROPERTY TENANT PROFILE SUMMARY OFFICE DEPOT, INC. is an American office supply retailing company that operates 1,400 retail stores, e-commerce sites, and a business-to-business sales organization. The company has combined annual sales of approximately $11 billion and employs about 38,000 associates with businesses in 59 countries. Office Depot s portfolio consists of Office Depot, OfficeMax, Grand & Toy, Viking Direct, Ativa, TUL, Foray, Realspace, Brenton Studio, WorkPro and DiVOGA. Formed by the merger of Office Depot and OfficeMax, Office Depot, Inc. is a leading global provider of products services, and solutions for every workplace whether your workplace is an office, home, or school. HISTORY Founded in 1986 and opened its first store in Fort Lauderdale, Florida By the end of 1990 Office Depot had 173 stores in 27 states. That same year, Office Depot announced its merger with The Office Club, Inc., becoming the largest office products retailer in North America In 1998, Office Depot merged with Viking Office Products, a public company and the world s leading direct mail marketer of office products. This addition vastly expanded Office Depot s international presence and made the company the leading provider of office products and services in the world By 2005, the company had over 30 international websites and worldwide e-commerce sales in 2004 totaled to $3.1 billion November 5, 2013, Office Depot and OfficeMax completed their merger. By combining both companies, Office Depot, Inc., is a stronger, more efficient global provider of products, services and solutions, fully committed to setting a new standard for serving the workplace and home needs of today and tomorrow through innovation and exceptional customer service. PG 2
MARKET AERIAL MARKET AERIAL Tracy, California Highway 99: ±126,000 ADT E Stockton Boulevard: ± 41,000 ADT PG 3
MARKET AERIAL MARKET AERIAL Tracy, California Mack Road: ± 33,000 ADT PG 4
PROPERTY DEMOGRAPHICS SUMMARY POPULATION 1 mi Radius 3 mi Radius 5 mi Radius 2017 Estimated Population 20,171 176,681 366,812 2022 Projected Population 21,461 188,075 390,635 2010 Census Population 19,286 166,822 338,609 Projected Annual Growth 2017 to 2022 1.3% 1.3% 1.3% 2017 Median Age 33.4 32.2 33.2 HOUSEHOLDS 2017 Estimated Households 6,217 52,027 111,672 2022 Projected Households 6,489 54,257 116,470 2010 Census Households 5,984 49,523 103,483 Projected Annual Growth 2017 to 2022 0.9% 0.9% 0.9% Historical Annual Growth 2000 to 2017 0.4% 1.0% 1.4% RACE AND ETHNICITY 2017 Estimated White 24.8% 26.9% 33.5% 2017 Estimated Black or African American 20.2% 18.6% 16.0% 2017 Estimated Asian or Pacific Islander 34.1% 33.5% 28.8% 2017 Estimated American Indian or Native Alaskan 1.0% 0.7% 0.9% 2017 Estimated Other Races 20.0% 20.3% 20.8% 2017 Estimated Hispanic 26.1% 26.3% 28.0% INCOME 2017 Estimated Average Household Income $54,789 $63,273 $68,931 2017 Estimated Median Household Income $50,033 $54,204 $59,002 2017 Estimated Per Capita Income $16,967 $18,699 $21,109 BUSINESS 2017 Estimated Total Businesses 883 3,310 8,536 2017 Estimated Total Employees 10,626 32,411 85,083 RADIUS MAP 2017 Northgate Commercial Real Estate. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. PG 5