WSS SHoes [ www.capitalpacific.com ] OOF 0 OOF 1 T.O. ROOF +27'-0 T.O. ROOF +23'-7 INTERIOR CEILING +14'-0 B.O. AWNING +10'-0 MAIN ENTRANCE WEST ELEVATION ARAPET PARAPET T.O. PARAPET +23'-7 T.O. TOWER +30'-0 PARAPET +22'-0 ETAL AWNING ETAL AWNING B.O. AWNING +10'-0 MAIN ENTRANCE F.F. 0'-0 SOUTH ELEVATION NORTH ELEVATION PARAPET PARAPET ten Year Corporate Lease 1528 E.Fremont Avenue, Stockton, CA 95202 John Andreini jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 T.O. PARAPET +23'-7 Rick Sanner rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 MAIN ENTRANCE (491.83) EAST ELEVATION Bob Sanner bsanner@capitalpacific.com (415) 274-2717 CA BRE# 00869657 Chris Kostanecki F.F. AT MAIN ENTRANCE +0'-0 ck@capitalpacific.com (415) 274-2701 CA BRE# 01002010
PROperty Summary [ surrounding retail ] PRICE: $3,847,680 CAP: 6.25% Rentable SF...12,000 SF Price per SF...$320.64 land area...1.10 Acres YEAR BUILT...2015 Current Rent...$20.04/SF Lease Expiration...March 31, 2026 Location Highlights Over 29,500 vehicles per day on N. Wilson Way Less than a 90 minute drive from San Francisco Very dense population - 265,697 people within a 5-mile radius Retailers in the immediate area include Food 4 Less, Starbucks, Grocery Outlet, McDonald s, Subway, Bank of America, Bank of the West, and many other retailers Tenant highlights Revenue of $200 million in 2014 Premier footwear retailer in the U.S. doing business in neighborhood-based stores WSS is expanding store count from 66 stores to 114 stores by 2018 Corporate Lease Brand new 10-year lease with two 5-year options 10% rental increases throughout the base term and option periods Landlord is responsible for structural components and roof Tenant is responsible for repairs, maintenance, and replacement of all interior non-structural components, and HVAC Store is projected to open December 15th, 2015. Rent commencement April 1, 2016 - Seller will credit rent between COE & Rent Commencement WSS Shoes 2
aerial El Dorado Stockton Adult School E Harding Way N Wilson Way less than 90 minutes from san francisco oo terl Wa Grunsky 99 d Roa Pitman H&R BLOCK 25,900 VPD EASTLAND PLAZA SHOPPING CENTER W Fremont Street Fremont eet nt Str mo E Fre 99 5,200 VPD 5 4 King Stockton Alternative High School Spanos S Wilson Way 5 Roosevelt Hazelton 99 oulevard Dr. MLK Jr. B 5 SACRAMENTO Huerta Edison High School WSS Shoes 3
Surrounding Area photos Area retailers include food 4 less, Burger king, bank of the west & walgreens WSS Shoes 4
income & expense PRICE $3,847,680 Price Per Square Foot: $320.64 Capitalization Rate: 6.25% Total Rentable Area (SF): 12,000 Lot Size (Acres): 1.10 Year Built: 2015 STABILIZED INCOME Per Square Foot Scheduled Rent $20.04 $240,480 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses $0.00 EQUALS NET OPERATING INCOME $240,480 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. [ REPRESENTATIVE PHOTO ] [ REPRESENTATIVE PHOTO ] WSS Shoes 5
rent roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/FT Yearly Rent/FT WSS Shoes 12,000 1 5 $240,480 $20,040 $240,480 $1.67 $20.04 6 10 $22,044 $264,528 $1.84 $22.04 Option 1 11 15 $24,248 $290,981 $2.02 $24.25 Option 2 16 20 $26,673 $320,079 $2.22 $26.67 Current Totals: 12,000 $240,480 $20,040 $240,480 $1.67 $20.04 * Delivery of the premises scheduled to be December 2015; Projected Store Opening/Certificate of Occupancy January 2016. ** Rent Commencement April 1, 2016. Seller will credit rent between COE and rent commencement 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. [ surrounding retail ] WSS Shoes 6
25,900 DAILY Wilson Way site plan Fremont Street MONUMENT SIGN NOT A PART NOT A PART NAP Lindsay Street Site Plan Key Parcel outline: Land Area: 1.247 Acres Building Area: 12,000 sf Ingress/Egress: WSS Shoes 7
tenant overview about WSS SHOES WSS is the premier footwear retailer in the U.S. doing business in neighborhood-based stores. Consumers trust WSS for the best brands, greatest values, and largest selection of athletic, dress, fashion, and casual footwear for the entire family. Their large store format enables us to showcase thousands of styles from top name brands like Nike, Jordan, Vans, Converse, Adidas, Puma, and Skechers. In addition, WSS carries high quality private brands augmenting the breadth of selection to deliver amazing value to our customers. Founded in Southern California in 1984 by entrepreneur Eric Alon, all WSS stores feature a unique retail format that displays every style and size, allowing customers to browse on their terms in a hassle-free environment, engaging in friendly and knowledgeable sales staff when they choose. The success of this business model has allowed WSS to continue its rapid expansion into new markets. www.shopwss.com 2014 REVENUE $200 MILLION TENANT NET WORTH $28 MILLION [ REPRESENTATIVE PHOTO ] WSS Shoes 8
location & demographics 25,900 DAILY About Stockton Stockton is a city in and the county seat of San Joaquin County, California. It is the 4th largest city in the Central Valley of California, and the 13th most populous city in the state. Stockton is along Interstate 5, State Route 99, and State Route 4 - amid the farmland of the Central Valley. The San Joaquin River connects it westward with the San Francisco Bay Area. In and around Stockton are thousands of miles of waterways and rivers that make up the California Delta. Stockton is centrally located with access to the national railroad system, an international deep-water port, and both interstate and intrastate freeways. The city also offers relatively inexpensive land costs, all of which contribute to why so many companies have chosen to base their regional operations in Stockton. Population 1-Mile 3-Mile 5-Mile 2010 19,034 132,805 258,607 2015 19,583 135,513 265,697 2020 20,320 140,127 275,625 2013 Household incomes 1-Mile 3-Mile 5-Mile Average $34,482 $45,169 $53,693 Top Employers Employer # of Employees San Joaquin County 5,938 Port of Stockton 4,500 Stockton Unified School District 4,000 St. Joseph s Medical Center 2,230 OG Packing 2,001 san francisco Stockton WSS Shoes 9 (Sou
A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ www.capitalpacific.com ] [ surrounding retail ] John Andreini jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 Bob Sanner bsanner@capitalpacific.com (415) 274-2717 CA BRE# 00869657 Rick Sanner rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 Chris Kostanecki ck@capitalpacific.com (415) 274-2701 CA BRE# 01002010 [ Copyright 2015 Capital Pacific ]