415-539-1106 united states postal service
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UNITED STATES POSTAL SERVICEOFFERING MEMORANDUM // 8494 W STOCKTON ST, THORNTON, CA 95686
JAMIE HARRISON415-539-1106
touchstoneC O M M E R C I A L P A R T N E R S
UNITED STATES POSTAL SERVICE // 2
INVESTMENT SUMMARY
ASKING PRICE$270,000
CAP RATE6.9%
BUILDING SIZE+/- 1,500 Sq. Ft.
LOT SIZE+/- 14,000 Sq. Ft.
YEAR BUILT1968
DEALPOINTS
GROSS INCOME ....................................................................................$23,250
TAXES ...................................................................................................... $3,752
INSURANCE .......................................................................................... $496.27
MAINTENANCE & RESERVES ............................................................... $375
NET OPERATING INCOME ................................................................... $18,625
LEASE ABSTRACT
TENANT United States Postal Service
GUARANTOR Federal Government
ADDRESS 8494 W Stockton St, Thornton, CA 95686
CURRENT RENT $23,250
RENT PSF $15.50/ Square Foot
LEASE TYPE USPS Maintenance RiderUSPS Tax Reimbursement Rider
LEASE TERM October 23, 2019 - September 30, 2024
OPTION TERM(S) Two 5-Year Options
OPTION RENT $25,575 / $28,132.50
TERMINATION 180 days
SACRAMENTO, CA34 mi. from
subject property
UNITED STATES POSTAL SERVICE // 3
AERIAL OVERVIEW
UFP THORNTONTHORNTON MARKET
THORNTON BRANCH LIBRARY
PRIMOS BAKERY
CIRCLE H MARKET
NEW HOPEELEMENTARY SCHOOL
WEST SIDE FREEW
AY
1,000VEHICLES PER DAY
UNITED STATES POSTAL SERVICE // 4
USPS LOCATIONS
USPS: WALNUT GROVE, CA1
USPS: GALT, CA2
USPS: RYDE, CA2
USPS RYDEDIST: 7 miles
HOURS:Open 2 Hours / Day
3USPS WALNUT GROVEDIST: 6.5 miles
HOURS:Open 9 Hours / Day
1 USPS GALTDIST: 9.5 miles
HOURS:Open 8 Hours / Day
2
UNITED STATES POSTAL SERVICE // 5
5 Mile Radius 10 Mile Radius 15 Mile Radius
PO
PU
LA
TIO
NH
OU
SEH
OLD
SIN
CO
ME
20 MILE RADIUS
DEMOGRAPHICS
8494 W Stockton St
POPULATION
852,081 279,017 $89,585HOUSEHOLDS INCOME
Estimated Population (2019) 4,216 72,622 362,421
Projected Population (2024) 4,429 76,191 380,129
Census Population (2010) 4,270 66,603 327,660
Census Population (2000) 3,625 59,330 234,669
Projected Annual Growth (2019 to 2024) 1.00% 1.00% 1.00%
Historical Annual Growth (2000 to 2019) 0.90% 1.20% 2.90%
Projected Households (2024) 1,435 26,227 122,476
Census Households (2010) 1,196 22,954 106,537
Census Households (2000) 1,017 20,490 78,395
Projected Annual Growth (2019 to 2024) 0.60% 0.70% 0.70%
Historical Annual Growth (2000 to 2019) 1.90% 1.30% 2.70%
Estimated Average Household Income (2019) $70,953 $96,873 $102,247
Estimated Median Household Income (2019) $69,281 $79,226 $85,219
2019 Estimated Per Capita Income $24,512 $34,065 $33,610
UNITED STATES POSTAL SERVICE // 6
TENANT PROFILE
24 HOURSPER DAY
DAYSPER YEAR365
OVER 500KCAREER EMPLOYEES
OVER 31,000ACROSS 50 U.S. STATES
180AND CONTINENTS
OVER COUNTRIES
5
$70.6 BIL.MADE IN 2018
GROWTH
WORLDWIDE
OPERATIONS
REVENUE
LOCATIONSThe United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal government and Wal-Mart. In a 2006 U.S. Supreme Court decision, the Court noted: “Each day, according to the Government’s submissions here, the United States Postal Service delivers some 660 million pieces of mail to as many as 142 million delivery points.” As of 2014, the USPS operates 31,000 post offices and locations in the U.S., and delivers 155 billion pieces of mail annually.
In October 2016, the Postal Service released Future Ready, a five-year plan required by law starting in 1993. The plan outlines the Postal Service’s goals for the next five years.
1. Deliver a world-class customer experience.2. Equip, empower, and engage employees.3. Innovate faster to deliver value.4. Invest in our future platforms.
UNITED STATES POSTAL SERVICE // 7
Touchstone Commercial Partners presents 8494 W Stockton St, Thornton, CA 95686 (“Property”) for your acquisition. Touchstone Commercial Partners and owner provides the material presented herein without representation or warranty. A substantial portion of information was obtained from sources other than actual knowledge and not all sources can be absolutely confirmed. Moreover, all information is subject to changes by the parties involved as to price or terms before sale, to withdrawal of the Property from the market, and to other events beyond the control of Touchstone Commercial Partners or owner. No representation is made as to the value of this possible investment other than hypothetical scenarios. It is encouraged that you or any of your affiliates consult your business, tax and legal advisors before making a final determination of value or suitability of the Property for acquisition. As a condition of Touchstone Commercial Partners’ consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by Touchstone Commercial Partners, owner or agents of either of these parties regarding the Property–it is required that you agree to treat all such information confidentially.
UNITED STATES POSTAL SERVICE8494 W STOCKTON ST, THORNTON, CA 95686
JAMIE HARRISON415-539-1106
[email protected] BRE #01364847
touchstoneC O M M E R C I A L P A R T N E R S
OFFERING MEMORANDUM