property highlights - loopnet · | pg 2 property summary 3600 sisk road · modesto, california...

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www.ngcip.com | Broker # 01910787 T (209) 477-4400 | F (209) 476-7344 Bill Johnson | Associate (209) 546-6051 [email protected] License # 01992157 Absolute Net Retail Investment 7933 East Stockton Boulevard Sacramento, California Xavier Santana | President (925) 226-2455 [email protected] License #01317296 FOR SALE 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

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Page 1: PROPERTY HIGHLIGHTS - LoopNet · | PG 2 PROPERTY SUMMARY 3600 Sisk Road · Modesto, California TENANT PROFILE 7933 Stockton Boulevard Sacramento, California FREESTANDING MID-BOX RETAIL

www.ngcip.com | Broker # 01910787

T (209) 477-4400 | F (209) 476-7344

Bill Johnson | Associate(209) 546-6051

[email protected] # 01992157

Absolute Net Retail Investment7933 East Stockton BoulevardSacramento, California

Xavier Santana | President(925) 226-2455

[email protected] #01317296

FOR SALE

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

Page 2: PROPERTY HIGHLIGHTS - LoopNet · | PG 2 PROPERTY SUMMARY 3600 Sisk Road · Modesto, California TENANT PROFILE 7933 Stockton Boulevard Sacramento, California FREESTANDING MID-BOX RETAIL

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PROPERTY SUMMARY3600 Sisk Road · Modesto, California

PROPERTY SUMMARY7933 Stockton Boulevard Sacramento, California

FREESTANDING MID-BOX RETAIL

SALE PRICE: Contact Broker

BUILDING SIZE: ± 25,633 Sq Ft

PARCEL SIZE: ± 3.5 Acres

ZONING: Neighborhood Commercial (NC)

TRAFFIC COUNTS: East Stockton Blvd @ Site:

Highway 99 @ Site:

± 8,000 ADT

± 65,000 ADT

• 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

PROPERTY HIGHLIGHTS:

Page 3: PROPERTY HIGHLIGHTS - LoopNet · | PG 2 PROPERTY SUMMARY 3600 Sisk Road · Modesto, California TENANT PROFILE 7933 Stockton Boulevard Sacramento, California FREESTANDING MID-BOX RETAIL

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PROPERTY SUMMARY3600 Sisk Road · Modesto, California

LEASE ABSTRACT7933 Stockton Boulevard Sacramento, California

FREESTANDING MID-BOX RETAIL

LEASE TYPE: Ground Lease

TENANT NAME: Office Depot

ADDRESS: 7933 E Stockton Blvd, Sacramento CA

APN#: 115-0210-042

RENTABLE SF: ± 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: Two(2) options at 5-years per option

RENEWAL NOTIFICATION: 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.

TERMINATION FEE: Tenant has no right to terminate

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

ADDITIONAL RENT

PERCENTAGE RENT: None

REAL ESTATE TAXES: N/A – Tenant’s expense

INSURANCE: N/A – Tenant’s expense

COMMON AREA MAINT: N/A – Tenant’s expense

MANAGEMENT FEE: N/A – Tenant’s expense

UTILITIES: N/A – Tenant’s expense

LANDLORD OBLIGATIONS: 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.

HOLD OVER: N/A

ADDENDUM: N/A

GENERAL USE: Office Supply Store

LEASE TYPE: Absolute Net

FREE RENT: N/A

SUITE NUMBER: N/A

SECURITY DEPOSIT: N/A

ADDITIONAL PROVISIONS: N/A

ASSIGNMENT & SUBLETTING: Tenant must get written consent of Owner

(within 30 days of landlord notification) in

each instance.

Page 4: PROPERTY HIGHLIGHTS - LoopNet · | PG 2 PROPERTY SUMMARY 3600 Sisk Road · Modesto, California TENANT PROFILE 7933 Stockton Boulevard Sacramento, California FREESTANDING MID-BOX RETAIL

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PROPERTY SUMMARY3600 Sisk Road · Modesto, California

TENANT PROFILE7933 Stockton Boulevard Sacramento, California

FREESTANDING MID-BOX RETAIL

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.

Page 5: PROPERTY HIGHLIGHTS - LoopNet · | PG 2 PROPERTY SUMMARY 3600 Sisk Road · Modesto, California TENANT PROFILE 7933 Stockton Boulevard Sacramento, California FREESTANDING MID-BOX RETAIL

Highway 99: ±126,000 ADT

E Stockton Boulevard: ± 41,000 ADT

Tracy, California

MARKET AERIAL

Sacramento, California

MARKET AERIAL

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Page 6: PROPERTY HIGHLIGHTS - LoopNet · | PG 2 PROPERTY SUMMARY 3600 Sisk Road · Modesto, California TENANT PROFILE 7933 Stockton Boulevard Sacramento, California FREESTANDING MID-BOX RETAIL

Tracy, California

MARKET AERIAL

Mack Road: ± 33,000 ADT

MARKET AERIALSacramento, California

| PG 4

Page 7: PROPERTY HIGHLIGHTS - LoopNet · | PG 2 PROPERTY SUMMARY 3600 Sisk Road · Modesto, California TENANT PROFILE 7933 Stockton Boulevard Sacramento, California FREESTANDING MID-BOX RETAIL

1 mi Radius

3 mi Radius

5 mi Radius

POPULATION

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.

PROPERTY SUMMARY3600 Sisk Road · Modesto, California

DEMOGRAPHICS7933 Stockton Boulevard Sacramento, California

FREESTANDING MID-BOX RETAIL

| PG 5