35000 Newark Boulevard | Newark, CA
NNN Retail Investment New Development by
Leased to 3 National Tenants
Price: $5,800,000
35000 Newark Boulevard | Newark, CA SRS Real Estate Partners
Contact Broker
1871 The Alameda, Suite 250 San Jose, CA 95126 408.553.6135
Bob Quigley
www.srsre.com
Senior Vice President
408.216.2317 (direct) [email protected] CA Lic. #: 00589140
The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Tenant Profiles
AutoZone is the nation’s leading distributor of automotive replacement parts and accessories with more than 4,800 stores in the U.S., Puerto Rico and Mexico. The company has been in business since 1979 and is a member of the New York Stock Exchange (NYSE: AZO) and is now part of the Fortune 500. In 2011 the company had sales in excess of 8$ billion a 10% increase from 2010. www.autozone.com
Starbucks Corporation began in 1971 and is the premier purveyor of coffee and tea products. They currently operate over 17,000 retail stores in over 55 countries. The company went public in 1992 and is listed on NASDAQ (SBUX). www.starbucks.com
T-Mobile is one of the premier national providers of wireless, voice messaging and data service capable of reaching over 293 million Americans.
2 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Rent Roll
TENANT
SQ FEET
MONTHLY RENT PSF
MONTHLY RENT
ANNUAL RENT
LEASE TERM
RENT COMMENCEMENT
LEASE EXPIRATION
RENT INCREASES
OPTIONS 3 options at 5 years each
Years 11-15 AutoZone
6,640
Ground Lease
$8,700
$104,400
15 years
June 1, 2012
May 31, 2027 $114,840 /yr
Option 1: $126,324 /yr Option 2: $138,956 /yr Option 3: $152,852 /yr 4 options at 5 years each
Starbucks
1,900
$4.25
$8,075
$96,900
T-Mobile
1,200
$4.25
$5,100
$61,200
Vacant**
1,231
$3.75
$4,616.25
$55,395
TOTAL
10,971
10 years (with no right to termintate)
5 years
Years 6 -10 June 1, 2012
May 31, 2022 $106,704 /yr
November 1, 2013*
October 31, 2018
Option 1: 11-15 $117,192 / yr Option 2: 16-20 $128,820 /yr Option 3: 21-25 $141,816 /yr Option 4: 26-30 $155,952 /yr Option 1: 6-10 $67,320 /yr Option 2: $74,052 / yr
$317,895
*Rent shall commence the earlier of November 22, 2013 or Tenant opening for business. **Landlord to guaranty rent for 1 year from COE
3 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Property Information Location:
35000 Newark Boulevard offers investors an extraordinary opportunity to acquire a new, high end retail development leased to three national tenants located at a hard corner at the major retail intersection in the City of Newark, California. The subject property is situated in front of a neighborhood shopping center anchored by CVS/pharmacy and a Mi Pueblo Food Center.
35000 Newark Boulevard (at the corner of Jarvis Avenue) Newark, California
Year Built:
2012
Buildings:
The corner building of 4,330 square feet is leased to Starbucks (with drive-thru/lease has no termination clause) and T-Mobile. The middle space of 1,231 square feet is vacant. The second building is 6,640 square feet and on a long term ground lease to AutoZone.
Land Area:
Approximately 1.12 acres or 48,787 sf
Parking & Access:
There is ample parking on site with a parking ratio of 5.2 per 1,000 as well as cross parking and ingress and egress with adjoining properties. There are 3 points of access to the subject property along Newark Boulevard and an additional 3 points of access along Jarvis Avenue.
Pricing:
$5,800,000
Price Per SF:
$529.00
Occupancy:
100%
Net Operating Income:
$317,895
Cap Rate:
5.48% 4
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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Site Plan
Rosemont Shopping Center Newark, CA Japanese Restaurant
Chinese Restaurant
VACANT 1,231 SF
Indian Restaurant
Hair Salon
Nail Salon
Dentist
Laundromat
DRIVE THRU
Optometrist
Pub
SUBJECT PROPERTY
*Map not drawn to scale
5 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Highlights •
New construction
•
Hard corner, signalized intersection
•
One block from Highway 84
•
15 year ground lease with AutoZone
•
10 year lease with Starbucks (with drive-thru)
•
5 year lease with T-Mobile
Demographics
Population Avg. HH Income Daytime Population
1 mile 18,735 $103,042 4,420
3 miles 144,445 $100,733 32,784
5 miles 271,464 $98,769 97,325
Year: 2011 | Source: Synergos Technologies, Inc.
Traffic Counts
Intersection of Newark Boulevard & Jarvis Avenue
ADT 65,620
Year: 2010 | Source: MPSI
Site Information The subject property is located at the NEC of Newark Boulevard and Jarvis Avenue in Newark, California. The site is at the center of one of Newark’s retail corridors with supermarkets on all 4 corners. The new development has access off both Newark Boulevard and Jarvis Avenue. It has cross ingress/ egress and parking agreements with the adjacent shopping center. The site is a block south of Highway 84 which leads to the Dumbarton Bridge and over to Palo Alto/Menlo Park. At the same corner and adjacent to the subject property is a CVS/pharmacy , Mi Pueblo Food Center, Citibank and McDonalds. Other retailers in the area include Safeway, Ross Dress For Less, Orchard Supply Hardware, Wells Fargo, Fremont Bank, Raley’s, Chase Bank, Burger King, 99 Ranch, DollarTree, Bank of the West and Wendy’s. 6 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Photos
7 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Area Information Newark is located at the southerly tip of Alameda County and the San Francisco Bay across the Dumbarton Bridge from Palo Alto/Menlo Park. The Fremont/Newark area has the fourth largest population in the San Francisco Bay Area and the 98th largest in the United States. Newark is situated at the intersection of two major highways; Interstate 880 and Highway 84 making it centrally located and very accessible from not only the East Bay area but also to Palo Alto, Menlo Park, Mountain View and other Peninsula communities. It is equal distance (25 minutes) from three international airports; San Francisco, Oakland and San Jose and 30 minutes from major research institutions; Stanford University and University of California at Berkeley. Newark houses the Newpark Mall, a super-regional shopping center anchored by Sears, JC Penny, Macy’s and Burlington Coat Factory and includes another 140 other retailers. Similar to other cities in Southern Alameda County, Newark has become an extension of Silicon Valley. It is home to high tech, life sciences and clean technology firms. Just a few minutes drive from the subject property is the Pacific Research Center, a 1,400,000 square foot, state of the art office and R&D facility, which now includes the new US Headquarters for Logitech with 1,000 employees. Other companies that have moved into the center include Stem Cells Inc., CCBR-Synarc and IMany. Other major employers in the community include Cargill Salt, WorldPac, Risk Management Solutions, Smart Modular Technologies and the Newark Unified School District.
8 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Market Aerial
9 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Regional & Local Maps
10 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Parcel Map
11 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Full Demographic Report Demographic Data 2011 by Synergos Technologies Calculated using TAS Retrieval Oct 3, 2012 35000 Newark Blvd, Newark, CA 94560 Population
Current Estimated Population 2016 Projected Population 2010 Census Population 2000 Census Population Historical Annual Growth 2000 to 2010 Estimated Annual Growth 2010 to 2011 Projected Annual Growth 2011 to 2016
Households
Current Estimated Households 2016 Projected Households 2010 Census Households 2000 Census Households Historical Annual Growth 2000 to 2010 Estimated Annual Growth 2010 to 2011 Projected Annual Growth 2011 to 2016 Persons per Household
Population by Age
Population 0 to 4 Years Population 5 to 13 Years Population 14 to 21 Years Population 22 to 29 Years Population 30 to 44 Years Population 45 to 59 Years Population 60 to 74 Years Population 74 Years Plus Median Age Male Population Female Population
Income
HH Income $500,000 or more HH Income $250,000 to $499,999 HH Income $200,000 to $249,999 HH Income $175,000 to $199,999 HH Income $150,000 to $174,999 HH Income $100,000 to $149,999 HH Income $75,000 to $99,999 HH Income $50,000 to $74,999 HH Income $35,000 to $49,999 HH Income $25,000 to $34,999 HH Income $15,000 to $24,999 HH Income $0 to $14,999 Average Household Income Median Household Income Per Capita Income
Latitude: 37.550724
Longitude: -122.048508
1 Mile Radius
3 Mile Radius
5 Mile Radius
18,735 18,591 19,004 18,418
144,445 149,398 143,854 142,523
271,464 285,656 269,598 258,266
0.31 % -0.81 % -0.15 %
0.09 % 0.23 % 0.68 %
0.43 % 0.39 % 1.02 %
6,015 5,970 6,101 6,075
45,040 46,646 44,895 44,445
86,984 91,841 86,389 82,737
0.04 % -0.80 % -0.15 %
0.10 % 0.18 % 0.70 %
0.43 % 0.39 % 1.09 %
3.11
3.19
3.10
7.61 % 13.58 % 9.59 % 8.22 % 23.97 % 20.33 % 11.39 % 5.31 %
7.34 % 12.41 % 10.12 % 9.76 % 22.73 % 20.87 % 12.07 % 4.68 %
7.58 % 12.00 % 9.63 % 10.64 % 23.78 % 20.29 % 11.33 % 4.74 %
37.3
37.0
36.3
9,244 9,491
71,620 72,825
134,691 136,773
0.27 % 3.33 % 2.46 % 5.78 % 6.99 % 28.08 % 15.72 % 14.82 % 7.25 % 4.54 % 6.23 % 4.54 %
0.33 % 4.01 % 2.94 % 5.36 % 7.61 % 22.37 % 14.55 % 16.85 % 9.04 % 6.06 % 5.78 % 5.12 %
0.29 % 3.46 % 2.53 % 5.04 % 7.56 % 22.97 % 15.18 % 16.99 % 9.24 % 6.12 % 5.35 % 5.27 %
$103,042 $94,309 $33,131
$100,733 $86,137 $31,589
$98,769 $85,464 $31,855
Work place Race
267
2,326
5,921
Workplace Employees (FTE)
4,420
32,784
97,325
Current Estimated Population White Black or African American Asian or Pacific Islander Other Races
18,735 36.87 % 3.21 % 41.16 % 18.76 %
144,445 33.11 % 4.81 % 43.55 % 18.53 %
271,464 33.17 % 4.85 % 43.25 % 18.73 %
Workplace Establishments
12 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Full Demographic Report
Full Demographic Report
Demographic Data 2011 by Synergos Technologies Calculated using TAS Retrieval
Demographic Data 2011 by Synergos Technologies Calculated using TAS Retrieval
Oct 3, 2012
Latitude: 37.550724
Longitude: -122.048508 5 Mile Radius
2011 Hispanic Population 2011 Hispanic Population Percent 2000 Hispanic Population Percent 1990 Hispanic Population Percent
4,370 23.32 % 17.87 % 15.73 %
31,025 21.48 % 18.05 % 16.55 %
60,650 22.34 % 20.13 % 18.41 %
Adult Population (25 Years or Older) Elementary Some High School High School Graduate Some College Associates Degree Bachelors Degree Graduate Degree
12,433 6.67 % 6.20 % 20.36 % 18.52 % 7.70 % 26.12 % 14.43 %
96,243 6.30 % 6.07 % 23.17 % 17.51 % 7.37 % 26.22 % 13.35 %
182,204 6.19 % 5.90 % 23.32 % 17.10 % 7.33 % 25.98 % 14.17 %
Housing
Total Housing Units Owner Occupied Percent Renter Occupied Percent Vacant Housing Percent
6,178 71.84 % 25.52 % 2.64 %
46,486 64.89 % 32.00 % 3.11 %
90,207 59.24 % 37.19 % 3.57 %
Homes Built By Year
Homes Built 1990 to 2000 Homes Built 1980 to 1989 Homes Built 1970 to 1979 Homes Built 1960 to 1969 Homes Built 1950 to 1959 Homes Built 1940 to 1949 Homes Built Before 1940
13.17 % 29.40 % 19.16 % 29.81 % 6.62 % 0.90 % 0.93 %
10.34 % 23.86 % 31.46 % 21.08 % 9.68 % 2.04 % 1.55 %
14.35 % 21.36 % 27.54 % 21.40 % 11.22 % 2.27 % 1.85 %
Property Value $1,000,000 or more Property Value $750,000 to $999,999 Property Value $500,000 to $749,999 Property Value $400,000 to $499,999 Property Value $300,000 to $399,999 Property Value $200,000 to $299,999 Property Value $150,000 to $199,999 Property Value $100,000 to $149,999 Property Value $60,000 to $99,999 Property Value $40,000 to $59,999 Property Value $0 to $39,999
0 6.72 % 39.39 % 24.61 % 15.99 % 8.09 % 2.02 % 0.57 % 0.68 % 0.74 % 1.18 %
0 6.07 % 35.31 % 24.25 % 18.19 % 9.85 % 2.29 % 0.82 % 1.15 % 1.29 % 0.77 %
0 5.51 % 32.58 % 23.45 % 19.15 % 11.51 % 2.57 % 1.32 % 1.44 % 1.51 % 0.98 %
Median Home Value Median Rent (Census 2000)
484,203 1,458
464,470 1,371
449,185 1,404
Employed Civilian Population 16+ by Occupation Managerial/Executive Professional Specialty Healthcare Support Sales Office & Administrative Support Protective Service Food Preperation Building Maintenance & Cleaning Personal Care Farming, Fishing, & Forestry Construction Production & Transportation
8,739
68,180
129,894
16.58 % 28.65 % 1.52 % 10.46 % 13.94 % 1.35 % 4.35 % 1.98 % 5.57 % 0.00 % 5.92 % 9.68 %
17.58 % 26.20 % 2.43 % 11.00 % 14.33 % 1.40 % 3.73 % 2.98 % 3.91 % 0.10 % 6.14 % 10.21 %
16.75 % 27.39 % 2.30 % 10.46 % 14.36 % 1.21 % 3.84 % 2.77 % 3.85 % 0.14 % 6.30 % 10.63 %
Percent White Collar
71.16 %
71.54 %
71.27 %
Oct 3, 2012
Latitude: 37.550724
Longitude: -122.048508
Hispanic Education (Age 25+)
1 Mile Radius
3 Mile Radius
Percent Blue Collar
28.84 %
28.46 %
28.73 %
Drive to Work Alone Drive to Work Carpool Travel to Work by Public Transportation Drive to Work on Motorcycle Drive to Work on Bicycle Walked to Work Other Means Work at Home
73.64 % 17.04 % 3.85 % 0.21 % 0.51 % 0.53 % 0.84 % 1.69 %
73.70 % 15.03 % 4.65 % 0.22 % 0.59 % 0.87 % 0.60 % 2.13 %
73.23 % 14.36 % 5.43 % 0.22 % 0.63 % 1.11 % 0.74 % 2.11 %
Travel Time in Less than 5 minutes Travel to Work in 5 to 9 minutes Travel to Work in 10 to 14 minutes Travel to Work in 15 to 19 minutes Travel to Work in 20 to 29 minutes Travel to Work in 30 to 44 minutes Travel to Work in 45 to 59 minutes Travel to Work in 60 minutes or more
1.52 % 7.10 % 8.84 % 11.66 % 17.32 % 26.75 % 14.91 % 11.90 %
1.11 % 6.51 % 11.04 % 12.56 % 16.02 % 25.18 % 14.28 % 13.30 %
1.12 % 6.60 % 11.20 % 12.15 % 15.89 % 24.83 % 14.52 % 13.69 %
31.2
31.1
31.1
35000 Newark Blvd, Newark, CA 94560
Travel Time To Work
3 Mile Radius
Transportation To Work
1 Mile Radius
35000 Newark Blvd, Newark, CA 94560
Average Travel Time to Work
5 Mile Radius
Home Value (Owner Occupied) Occupation (Employed Civilians Age 16+)
13 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Confidentiality & Disclosure Statement The information contained herein is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from SRS Real Estate Partners and should not be shared with any other person or entity without the prior written consent of SRS Real Estate Partners. This Marketing Package has been prepared to provide unverified, summarized information to prospective buyers and investors, and to create a preliminary level of interest in the property being offered for sale.
Exclusive Listing Broker Bob Quigley Senior Vice President
408.216.2317 (direct) [email protected] CA Lic. #: 00589140
SRS Real Estate Partners 1871 The Alameda, Suite 250 San Jose, CA 95126 408.553.6135 www.srsre.com
The information contained herein is not suitable for a thorough due diligence investigation. SRS Real Estate Partners has not made any investigation, and makes no representations or warranties, with respect to the income, expenses, or performance of the subject property. Furthermore, SRS Real Estate Partners makes no representations or warranties to the future projected financial performance of the property, the size and square footage of the property and improvements located on the property, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal law and regulations, the physical condition of any improvements on the property, or the financial strength, condition or business prospects of any tenant, or any tenant’s plans or intentions to continue their occupancy of the subject property. The information contained in this Marketing Package has been obtained from sources SRS Real Estate Partners believe to be reliable. However, SRS Real Estate Partners has not verified, and shall not verify, any of the information contained within this Marketing Package, nor has SRS Real Estate Partners conducted any investigation regarding these matters and makes no warranty or representation regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Please do not disturb the tenants. Please contact a representative of SRS Real Estate Partners for an appointment to tour the property.
14 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.
Leased to 3 National Tenants
Price: $5,800,000
35000 Newark Boulevard | Newark, CA SRS Real Estate Partners
Contact Broker
1871 The Alameda, Suite 250 San Jose, CA 95126 408.553.6135
Bob Quigley
www.srsre.com
Senior Vice President
408.216.2317 (direct) [email protected] CA Lic. #: 00589140
The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Tenant Profiles
AutoZone is the nation’s leading distributor of automotive replacement parts and accessories with more than 4,800 stores in the U.S., Puerto Rico and Mexico. The company has been in business since 1979 and is a member of the New York Stock Exchange (NYSE: AZO) and is now part of the Fortune 500. In 2011 the company had sales in excess of 8$ billion a 10% increase from 2010. www.autozone.com
Starbucks Corporation began in 1971 and is the premier purveyor of coffee and tea products. They currently operate over 17,000 retail stores in over 55 countries. The company went public in 1992 and is listed on NASDAQ (SBUX). www.starbucks.com
T-Mobile is one of the premier national providers of wireless, voice messaging and data service capable of reaching over 293 million Americans.
2 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Rent Roll
TENANT
SQ FEET
MONTHLY RENT PSF
MONTHLY RENT
ANNUAL RENT
LEASE TERM
RENT COMMENCEMENT
LEASE EXPIRATION
RENT INCREASES
OPTIONS 3 options at 5 years each
Years 11-15 AutoZone
6,640
Ground Lease
$8,700
$104,400
15 years
June 1, 2012
May 31, 2027 $114,840 /yr
Option 1: $126,324 /yr Option 2: $138,956 /yr Option 3: $152,852 /yr 4 options at 5 years each
Starbucks
1,900
$4.25
$8,075
$96,900
T-Mobile
1,200
$4.25
$5,100
$61,200
Vacant**
1,231
$3.75
$4,616.25
$55,395
TOTAL
10,971
10 years (with no right to termintate)
5 years
Years 6 -10 June 1, 2012
May 31, 2022 $106,704 /yr
November 1, 2013*
October 31, 2018
Option 1: 11-15 $117,192 / yr Option 2: 16-20 $128,820 /yr Option 3: 21-25 $141,816 /yr Option 4: 26-30 $155,952 /yr Option 1: 6-10 $67,320 /yr Option 2: $74,052 / yr
$317,895
*Rent shall commence the earlier of November 22, 2013 or Tenant opening for business. **Landlord to guaranty rent for 1 year from COE
3 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Property Information Location:
35000 Newark Boulevard offers investors an extraordinary opportunity to acquire a new, high end retail development leased to three national tenants located at a hard corner at the major retail intersection in the City of Newark, California. The subject property is situated in front of a neighborhood shopping center anchored by CVS/pharmacy and a Mi Pueblo Food Center.
35000 Newark Boulevard (at the corner of Jarvis Avenue) Newark, California
Year Built:
2012
Buildings:
The corner building of 4,330 square feet is leased to Starbucks (with drive-thru/lease has no termination clause) and T-Mobile. The middle space of 1,231 square feet is vacant. The second building is 6,640 square feet and on a long term ground lease to AutoZone.
Land Area:
Approximately 1.12 acres or 48,787 sf
Parking & Access:
There is ample parking on site with a parking ratio of 5.2 per 1,000 as well as cross parking and ingress and egress with adjoining properties. There are 3 points of access to the subject property along Newark Boulevard and an additional 3 points of access along Jarvis Avenue.
Pricing:
$5,800,000
Price Per SF:
$529.00
Occupancy:
100%
Net Operating Income:
$317,895
Cap Rate:
5.48% 4
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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Site Plan
Rosemont Shopping Center Newark, CA Japanese Restaurant
Chinese Restaurant
VACANT 1,231 SF
Indian Restaurant
Hair Salon
Nail Salon
Dentist
Laundromat
DRIVE THRU
Optometrist
Pub
SUBJECT PROPERTY
*Map not drawn to scale
5 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Highlights •
New construction
•
Hard corner, signalized intersection
•
One block from Highway 84
•
15 year ground lease with AutoZone
•
10 year lease with Starbucks (with drive-thru)
•
5 year lease with T-Mobile
Demographics
Population Avg. HH Income Daytime Population
1 mile 18,735 $103,042 4,420
3 miles 144,445 $100,733 32,784
5 miles 271,464 $98,769 97,325
Year: 2011 | Source: Synergos Technologies, Inc.
Traffic Counts
Intersection of Newark Boulevard & Jarvis Avenue
ADT 65,620
Year: 2010 | Source: MPSI
Site Information The subject property is located at the NEC of Newark Boulevard and Jarvis Avenue in Newark, California. The site is at the center of one of Newark’s retail corridors with supermarkets on all 4 corners. The new development has access off both Newark Boulevard and Jarvis Avenue. It has cross ingress/ egress and parking agreements with the adjacent shopping center. The site is a block south of Highway 84 which leads to the Dumbarton Bridge and over to Palo Alto/Menlo Park. At the same corner and adjacent to the subject property is a CVS/pharmacy , Mi Pueblo Food Center, Citibank and McDonalds. Other retailers in the area include Safeway, Ross Dress For Less, Orchard Supply Hardware, Wells Fargo, Fremont Bank, Raley’s, Chase Bank, Burger King, 99 Ranch, DollarTree, Bank of the West and Wendy’s. 6 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Photos
7 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Area Information Newark is located at the southerly tip of Alameda County and the San Francisco Bay across the Dumbarton Bridge from Palo Alto/Menlo Park. The Fremont/Newark area has the fourth largest population in the San Francisco Bay Area and the 98th largest in the United States. Newark is situated at the intersection of two major highways; Interstate 880 and Highway 84 making it centrally located and very accessible from not only the East Bay area but also to Palo Alto, Menlo Park, Mountain View and other Peninsula communities. It is equal distance (25 minutes) from three international airports; San Francisco, Oakland and San Jose and 30 minutes from major research institutions; Stanford University and University of California at Berkeley. Newark houses the Newpark Mall, a super-regional shopping center anchored by Sears, JC Penny, Macy’s and Burlington Coat Factory and includes another 140 other retailers. Similar to other cities in Southern Alameda County, Newark has become an extension of Silicon Valley. It is home to high tech, life sciences and clean technology firms. Just a few minutes drive from the subject property is the Pacific Research Center, a 1,400,000 square foot, state of the art office and R&D facility, which now includes the new US Headquarters for Logitech with 1,000 employees. Other companies that have moved into the center include Stem Cells Inc., CCBR-Synarc and IMany. Other major employers in the community include Cargill Salt, WorldPac, Risk Management Solutions, Smart Modular Technologies and the Newark Unified School District.
8 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Market Aerial
9 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Regional & Local Maps
10 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Parcel Map
11 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Full Demographic Report Demographic Data 2011 by Synergos Technologies Calculated using TAS Retrieval Oct 3, 2012 35000 Newark Blvd, Newark, CA 94560 Population
Current Estimated Population 2016 Projected Population 2010 Census Population 2000 Census Population Historical Annual Growth 2000 to 2010 Estimated Annual Growth 2010 to 2011 Projected Annual Growth 2011 to 2016
Households
Current Estimated Households 2016 Projected Households 2010 Census Households 2000 Census Households Historical Annual Growth 2000 to 2010 Estimated Annual Growth 2010 to 2011 Projected Annual Growth 2011 to 2016 Persons per Household
Population by Age
Population 0 to 4 Years Population 5 to 13 Years Population 14 to 21 Years Population 22 to 29 Years Population 30 to 44 Years Population 45 to 59 Years Population 60 to 74 Years Population 74 Years Plus Median Age Male Population Female Population
Income
HH Income $500,000 or more HH Income $250,000 to $499,999 HH Income $200,000 to $249,999 HH Income $175,000 to $199,999 HH Income $150,000 to $174,999 HH Income $100,000 to $149,999 HH Income $75,000 to $99,999 HH Income $50,000 to $74,999 HH Income $35,000 to $49,999 HH Income $25,000 to $34,999 HH Income $15,000 to $24,999 HH Income $0 to $14,999 Average Household Income Median Household Income Per Capita Income
Latitude: 37.550724
Longitude: -122.048508
1 Mile Radius
3 Mile Radius
5 Mile Radius
18,735 18,591 19,004 18,418
144,445 149,398 143,854 142,523
271,464 285,656 269,598 258,266
0.31 % -0.81 % -0.15 %
0.09 % 0.23 % 0.68 %
0.43 % 0.39 % 1.02 %
6,015 5,970 6,101 6,075
45,040 46,646 44,895 44,445
86,984 91,841 86,389 82,737
0.04 % -0.80 % -0.15 %
0.10 % 0.18 % 0.70 %
0.43 % 0.39 % 1.09 %
3.11
3.19
3.10
7.61 % 13.58 % 9.59 % 8.22 % 23.97 % 20.33 % 11.39 % 5.31 %
7.34 % 12.41 % 10.12 % 9.76 % 22.73 % 20.87 % 12.07 % 4.68 %
7.58 % 12.00 % 9.63 % 10.64 % 23.78 % 20.29 % 11.33 % 4.74 %
37.3
37.0
36.3
9,244 9,491
71,620 72,825
134,691 136,773
0.27 % 3.33 % 2.46 % 5.78 % 6.99 % 28.08 % 15.72 % 14.82 % 7.25 % 4.54 % 6.23 % 4.54 %
0.33 % 4.01 % 2.94 % 5.36 % 7.61 % 22.37 % 14.55 % 16.85 % 9.04 % 6.06 % 5.78 % 5.12 %
0.29 % 3.46 % 2.53 % 5.04 % 7.56 % 22.97 % 15.18 % 16.99 % 9.24 % 6.12 % 5.35 % 5.27 %
$103,042 $94,309 $33,131
$100,733 $86,137 $31,589
$98,769 $85,464 $31,855
Work place Race
267
2,326
5,921
Workplace Employees (FTE)
4,420
32,784
97,325
Current Estimated Population White Black or African American Asian or Pacific Islander Other Races
18,735 36.87 % 3.21 % 41.16 % 18.76 %
144,445 33.11 % 4.81 % 43.55 % 18.53 %
271,464 33.17 % 4.85 % 43.25 % 18.73 %
Workplace Establishments
12 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Full Demographic Report
Full Demographic Report
Demographic Data 2011 by Synergos Technologies Calculated using TAS Retrieval
Demographic Data 2011 by Synergos Technologies Calculated using TAS Retrieval
Oct 3, 2012
Latitude: 37.550724
Longitude: -122.048508 5 Mile Radius
2011 Hispanic Population 2011 Hispanic Population Percent 2000 Hispanic Population Percent 1990 Hispanic Population Percent
4,370 23.32 % 17.87 % 15.73 %
31,025 21.48 % 18.05 % 16.55 %
60,650 22.34 % 20.13 % 18.41 %
Adult Population (25 Years or Older) Elementary Some High School High School Graduate Some College Associates Degree Bachelors Degree Graduate Degree
12,433 6.67 % 6.20 % 20.36 % 18.52 % 7.70 % 26.12 % 14.43 %
96,243 6.30 % 6.07 % 23.17 % 17.51 % 7.37 % 26.22 % 13.35 %
182,204 6.19 % 5.90 % 23.32 % 17.10 % 7.33 % 25.98 % 14.17 %
Housing
Total Housing Units Owner Occupied Percent Renter Occupied Percent Vacant Housing Percent
6,178 71.84 % 25.52 % 2.64 %
46,486 64.89 % 32.00 % 3.11 %
90,207 59.24 % 37.19 % 3.57 %
Homes Built By Year
Homes Built 1990 to 2000 Homes Built 1980 to 1989 Homes Built 1970 to 1979 Homes Built 1960 to 1969 Homes Built 1950 to 1959 Homes Built 1940 to 1949 Homes Built Before 1940
13.17 % 29.40 % 19.16 % 29.81 % 6.62 % 0.90 % 0.93 %
10.34 % 23.86 % 31.46 % 21.08 % 9.68 % 2.04 % 1.55 %
14.35 % 21.36 % 27.54 % 21.40 % 11.22 % 2.27 % 1.85 %
Property Value $1,000,000 or more Property Value $750,000 to $999,999 Property Value $500,000 to $749,999 Property Value $400,000 to $499,999 Property Value $300,000 to $399,999 Property Value $200,000 to $299,999 Property Value $150,000 to $199,999 Property Value $100,000 to $149,999 Property Value $60,000 to $99,999 Property Value $40,000 to $59,999 Property Value $0 to $39,999
0 6.72 % 39.39 % 24.61 % 15.99 % 8.09 % 2.02 % 0.57 % 0.68 % 0.74 % 1.18 %
0 6.07 % 35.31 % 24.25 % 18.19 % 9.85 % 2.29 % 0.82 % 1.15 % 1.29 % 0.77 %
0 5.51 % 32.58 % 23.45 % 19.15 % 11.51 % 2.57 % 1.32 % 1.44 % 1.51 % 0.98 %
Median Home Value Median Rent (Census 2000)
484,203 1,458
464,470 1,371
449,185 1,404
Employed Civilian Population 16+ by Occupation Managerial/Executive Professional Specialty Healthcare Support Sales Office & Administrative Support Protective Service Food Preperation Building Maintenance & Cleaning Personal Care Farming, Fishing, & Forestry Construction Production & Transportation
8,739
68,180
129,894
16.58 % 28.65 % 1.52 % 10.46 % 13.94 % 1.35 % 4.35 % 1.98 % 5.57 % 0.00 % 5.92 % 9.68 %
17.58 % 26.20 % 2.43 % 11.00 % 14.33 % 1.40 % 3.73 % 2.98 % 3.91 % 0.10 % 6.14 % 10.21 %
16.75 % 27.39 % 2.30 % 10.46 % 14.36 % 1.21 % 3.84 % 2.77 % 3.85 % 0.14 % 6.30 % 10.63 %
Percent White Collar
71.16 %
71.54 %
71.27 %
Oct 3, 2012
Latitude: 37.550724
Longitude: -122.048508
Hispanic Education (Age 25+)
1 Mile Radius
3 Mile Radius
Percent Blue Collar
28.84 %
28.46 %
28.73 %
Drive to Work Alone Drive to Work Carpool Travel to Work by Public Transportation Drive to Work on Motorcycle Drive to Work on Bicycle Walked to Work Other Means Work at Home
73.64 % 17.04 % 3.85 % 0.21 % 0.51 % 0.53 % 0.84 % 1.69 %
73.70 % 15.03 % 4.65 % 0.22 % 0.59 % 0.87 % 0.60 % 2.13 %
73.23 % 14.36 % 5.43 % 0.22 % 0.63 % 1.11 % 0.74 % 2.11 %
Travel Time in Less than 5 minutes Travel to Work in 5 to 9 minutes Travel to Work in 10 to 14 minutes Travel to Work in 15 to 19 minutes Travel to Work in 20 to 29 minutes Travel to Work in 30 to 44 minutes Travel to Work in 45 to 59 minutes Travel to Work in 60 minutes or more
1.52 % 7.10 % 8.84 % 11.66 % 17.32 % 26.75 % 14.91 % 11.90 %
1.11 % 6.51 % 11.04 % 12.56 % 16.02 % 25.18 % 14.28 % 13.30 %
1.12 % 6.60 % 11.20 % 12.15 % 15.89 % 24.83 % 14.52 % 13.69 %
31.2
31.1
31.1
35000 Newark Blvd, Newark, CA 94560
Travel Time To Work
3 Mile Radius
Transportation To Work
1 Mile Radius
35000 Newark Blvd, Newark, CA 94560
Average Travel Time to Work
5 Mile Radius
Home Value (Owner Occupied) Occupation (Employed Civilians Age 16+)
13 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.
Retail Investment Offering 35000 Newark Boulevard | Newark, CA Confidentiality & Disclosure Statement The information contained herein is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from SRS Real Estate Partners and should not be shared with any other person or entity without the prior written consent of SRS Real Estate Partners. This Marketing Package has been prepared to provide unverified, summarized information to prospective buyers and investors, and to create a preliminary level of interest in the property being offered for sale.
Exclusive Listing Broker Bob Quigley Senior Vice President
408.216.2317 (direct) [email protected] CA Lic. #: 00589140
SRS Real Estate Partners 1871 The Alameda, Suite 250 San Jose, CA 95126 408.553.6135 www.srsre.com
The information contained herein is not suitable for a thorough due diligence investigation. SRS Real Estate Partners has not made any investigation, and makes no representations or warranties, with respect to the income, expenses, or performance of the subject property. Furthermore, SRS Real Estate Partners makes no representations or warranties to the future projected financial performance of the property, the size and square footage of the property and improvements located on the property, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal law and regulations, the physical condition of any improvements on the property, or the financial strength, condition or business prospects of any tenant, or any tenant’s plans or intentions to continue their occupancy of the subject property. The information contained in this Marketing Package has been obtained from sources SRS Real Estate Partners believe to be reliable. However, SRS Real Estate Partners has not verified, and shall not verify, any of the information contained within this Marketing Package, nor has SRS Real Estate Partners conducted any investigation regarding these matters and makes no warranty or representation regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Please do not disturb the tenants. Please contact a representative of SRS Real Estate Partners for an appointment to tour the property.
14 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.
