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] # 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
| PG 2
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:
| PG 2
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.
| PG 2
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.
Highway 99: ±126,000 ADT
E Stockton Boulevard: ± 41,000 ADT
Tracy, California
MARKET AERIAL
Sacramento, California
MARKET AERIAL
| PG 3
Tracy, California
MARKET AERIAL
Mack Road: ± 33,000 ADT
MARKET AERIALSacramento, California
| PG 4
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