FREE STANDING RESTAURANT Premier Sunnyvale Location +/- 10,947 SF 1.7 Acres 740 E. El Camino Real Sunnyvale, CA PLEASE DO NOT DISTURB TENANT WILL CONSIDER LONG TERM GROUND LEASE Exclusive Listing Agents: Bruce Frazer Senior Vice President bruce.frazer@srsre.com 408.216.2315 CA Lic: 00576968 Bob Quigley Senior Vice President bob.quigley@srsre.com 408.216.2317 CA Lic: 00589140
Property Status 740 E. EL CAMINO REAL - BLACK ANGUS The subject property s lease will be expiring mid 2019. The Landlord has Tenant s consent to market the property for lease. Both Landlord and Tenant require that no one engage with the current restaurant s employees, managers or vendors. All inquiries should be directed to Landlord s leasing agent. Once a satisfactory lease is made with the Landlord, introductions will be made to the current tenant s management for the new tenant to negotiate, if interested, for the purchase of Tenants furnishings, fixtures, equipment, licenses, etc. The Landlord and the current Tenant share mutual respect and a good relationship. During the marketing of the subject property, all interested parties are asked to exercise the same respect and not disrupt the current Tenant s business. Tours and inspections will be arranged at the appropriate time.
Executive Summary Free Standing Restaurant - 10,947 SF Building / 1.7 Acres Location: 740 East El Camino Real is a part of the King s Highway that is seeing substantial new development in a community that continues to play an important and expanding role in world famous Silicon Valley. New residential, brand-name hotels, offices and retail all are showing new tenancies within one mile of this location. Tesla Motor Company dealership is literally right next door. The property has very high identity to El Camino Real. Property Description: Originally built in 1975 and leased to Black Angus Steakhouse Approx. 10,947 SF property that includes full kitchen, dining area and full bar The restaurant is currently open and serves dinner only Large and great looking monument and fascia sign promoting identity to El Camino Real The restaurant is surrounded on four sides with parking Outstanding Demographics (1 mi. radius): 36,471 population (7,497 daytime) $129,287 avg. household income High Traffic Area: Approximately 42,000 cars per day
Property 3D Aerial 740 E El Camino Real EL CAMINO REAL
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Market at a Glance About Sunnyvale Sunnyvale is located in the heart of Silicon Valley and has everything at its doorstep. Sunnyvale is the second largest city in Santa Clara County and fifth largest in the San Francisco Bay Area. This city has perfect climate, strong government, a great school system, attractive residential areas, 18 prize-winning parks, a lively shopping district, exquisite restaurants, and a modern industrial and commercial area. Sunnyvale provides diversity with more than 49 neighborhood and regional centers, including the historic Murphy Avenue downtown shopping and dining district. As a fast-growing part of Silicon Valley, Sunnyvale is home to many Fortune 500 companies. Quick Facts: Rated among Top 10 Ten Safest Cities in the country Population: 148,372 (State Department of Finance estimate; valid until Spring 2017) Low unemployment rate of 3.6% Home of approximately 9,000 businesses Lockheed Martin, Apple Inc.,Yahoo!, Google, and NetApp Inc. are the largest employers (Source: http://sunnyvale.ca.gov/aboutsunnyvale)
Demographic Highlights 1 Mile Radius 2 Mile Radius 3 Mile Radius POPULATION Current Est. Population 36,471 119,059 241,168 2021 Projected Population 38,920 127,728 258,722 Annual Growth 2016-2021 1.31% 1.42% 1.42% Median Age 36.5 36.8 37.1 HOUSEHOLDS (HH) Current Est. HH 14,017 44,909 89,315 2021 Est. HH 14,866 47,965 95,400 Projected HH Growth 2016-2021 1.18% 1.33% 1.33% 1 Mile Radius Demographic Profile 15.6% 18.7% 2016 Population by Age 4.7% 13.2% 19.0% 9.5% 7.7% 11.6% <5 5-19 20-24 25-34 35-44 45-54 55-64 65+ EDUCATION: Bachelor s or Higher 66.3% 66.0% 63.0% INCOME: Average Household $129,287 $133,506 $133,744 EMPLOYMENT Employee Population 7,497 45,797 105,647 Total Businesses 873 3,682 8,100 ETHNICITY White 35.2% 36.7% 37.9% Hispanic 14.6% 14.3% 16.0% Black 1.9% 1.9% 1.8% Asian/Pacific Islander 51.2% 50.0% 48.1% Data Note: Income is expressed in current dollars Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015. Esri converted Census 2000 data into 2010 geography. Sep. 27, 2016
Demographic Highlights 1 Mile Radius Demographic Profile. Source: U.S. Census Bureau, 2010 Census, ESRI forecasts for 2016 & 2021.
Exclusive Listing Agents: Bruce Frazer Senior Vice President bruce.frazer@srsre.com 408.216.2315 CA Lic: 00576968 Bob Quigley Senior Vice President bob.quigley@srsre.com 408.216.2317 CA Lic: 00589140 SRS Real Estate Partners 1871 The Alameda, Suite 250 San Jose, CA 408.553.6135 www.srsre.com/sfbayarea The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof.