POTRERO CENTER, SAN FRANCISCO Formula Retail Welcome
RETAIL SUBLEASE | POTRERO CENTER, SAN FRANCISCO Formula Retail Welcome | Strong Grocery-Anchored Neighborhood Center 2,713 sf Available
2300 16th St. | San Francisco, CA Laura Tinetti
EXCLUSIVELY PRESENTED BY
Sr. Vice President 415.908.4937 [email protected] CA Lic. No. 01358500 100 Pine St. Suite 1550 | San Francisco, CA 94111 |415.908.4930 | www.srsre.com/sfbayarea
PROPERTY SUMMARY Potrero Center | San Francisco, CA
RETAIL SUBLEASE AVAILABLE: FORMULA RETAIL WELCOME PROPERTY HIGHLIGHTS 2,713 sf site currently occupied by Smashburger • Located in Potrero Center, a 227,000 sf neighborhood center: • Major tenants: Safeway, 24 Hour Fitness, Ross, Petco • Ample, free parking in an urban environment • High visibility and easy access to major thoroughfares • Considered one of the strongest in sales for Northern CA. • Adjacent to high-performing Vitamin Shoppe • Impressive demographics (3 mile radius): • 244,012 households • $106,177 average household income • 57.3% have a Bachelor’s degree or higher •
LEASE OVERVIEW
Primary Lease Term: Expires 2023 w/ one (1) five (5) year option Lease Type: NNN Base Rent: $16,800/mo. ($76.53 psf/yr) beginning May, 2016 Percentage Rent: Five (5)% of gross sales NNN: $14.64 psf per year Rent Escalation: 3% per year through Primary Lease Term. Renewal Rent: Current fair market value but no less than 103% of the Base Rent for the immediate preceding year.
Exclusively represented by SRS Real Estate Partners.
2
PROPERTY AERIAL Potrero Center | San Francisco, CA
Exclusively represented by SRS Real Estate Partners.
3
SITE PLAN
Potrero Center | San Francisco, CA
Exclusively represented by SRS Real Estate Partners.
4
CURRENT FLOOR PLAN Potrero Center | San Francisco, CA
Exclusively represented by SRS Real Estate Partners.
5
RETAIL SUBMARKET AERIAL Potrero Center | San Francisco, CA
Exclusively represented by SRS Real Estate Partners.
6
DEMOGRAPHIC SUMMARY Potrero Center | San Francisco, CA
1 Mile Radius
3 Mile Radius
Within 3 Mile Radius:
5 Mile Radius
2015 Population by Race
POPULATION
54.6%
Current Est. Population
75,909
510,023
807,822
300,000
2020 Projected Population
81,733
538,886
848,655
250,000
1.49%
1.11%
0.99%
200,000
37.4
38.9
39.4
150,000
Projected Annual Growth 2015-2020 Median Age
26.3%
100,000
HOUSEHOLDS (HH) Current Est. HH
33,642
244,012
347,085
2020 Est. HH
36,473
258,785
366,103
1.63%
1.18%
1.07%
Projected HH Growth 2015-2020
6.3%
0
White
7.1%
0.6%
50,000 Black
Am .Ind.
Asn/Pac
5.1%
Other
Two+
Household Income
INCOME $99,600
$106,177
$107,081
Med. Household Income
$69,649
$71,333
$76,327
14 12 Percent
Avg. Household Income
2015 2020
10 8 6 4 2
EMPLOYMENT
0
Total Employees
70,352
535,207
598,697
Total Businesses
6,750
39,558
48,178
2300 16th St. | San Francisco, CA Laura Tinetti
EXCLUSIVELY PRESENTED BY
Sr. Vice President 415.908.4937 [email protected] CA Lic. No. 01358500 100 Pine St. Suite 1550 | San Francisco, CA 94111 |415.908.4930 | www.srsre.com/sfbayarea
PROPERTY SUMMARY Potrero Center | San Francisco, CA
RETAIL SUBLEASE AVAILABLE: FORMULA RETAIL WELCOME PROPERTY HIGHLIGHTS 2,713 sf site currently occupied by Smashburger • Located in Potrero Center, a 227,000 sf neighborhood center: • Major tenants: Safeway, 24 Hour Fitness, Ross, Petco • Ample, free parking in an urban environment • High visibility and easy access to major thoroughfares • Considered one of the strongest in sales for Northern CA. • Adjacent to high-performing Vitamin Shoppe • Impressive demographics (3 mile radius): • 244,012 households • $106,177 average household income • 57.3% have a Bachelor’s degree or higher •
LEASE OVERVIEW
Primary Lease Term: Expires 2023 w/ one (1) five (5) year option Lease Type: NNN Base Rent: $16,800/mo. ($76.53 psf/yr) beginning May, 2016 Percentage Rent: Five (5)% of gross sales NNN: $14.64 psf per year Rent Escalation: 3% per year through Primary Lease Term. Renewal Rent: Current fair market value but no less than 103% of the Base Rent for the immediate preceding year.
Exclusively represented by SRS Real Estate Partners.
2
PROPERTY AERIAL Potrero Center | San Francisco, CA
Exclusively represented by SRS Real Estate Partners.
3
SITE PLAN
Potrero Center | San Francisco, CA
Exclusively represented by SRS Real Estate Partners.
4
CURRENT FLOOR PLAN Potrero Center | San Francisco, CA
Exclusively represented by SRS Real Estate Partners.
5
RETAIL SUBMARKET AERIAL Potrero Center | San Francisco, CA
Exclusively represented by SRS Real Estate Partners.
6
DEMOGRAPHIC SUMMARY Potrero Center | San Francisco, CA
1 Mile Radius
3 Mile Radius
Within 3 Mile Radius:
5 Mile Radius
2015 Population by Race
POPULATION
54.6%
Current Est. Population
75,909
510,023
807,822
300,000
2020 Projected Population
81,733
538,886
848,655
250,000
1.49%
1.11%
0.99%
200,000
37.4
38.9
39.4
150,000
Projected Annual Growth 2015-2020 Median Age
26.3%
100,000
HOUSEHOLDS (HH) Current Est. HH
33,642
244,012
347,085
2020 Est. HH
36,473
258,785
366,103
1.63%
1.18%
1.07%
Projected HH Growth 2015-2020
6.3%
0
White
7.1%
0.6%
50,000 Black
Am .Ind.
Asn/Pac
5.1%
Other
Two+
Household Income
INCOME $99,600
$106,177
$107,081
Med. Household Income
$69,649
$71,333
$76,327
14 12 Percent
Avg. Household Income
2015 2020
10 8 6 4 2
EMPLOYMENT
0
Total Employees
70,352
535,207
598,697
Total Businesses
6,750
39,558
48,178
