big 5 sporting goods - capital pacific · 2020. 12. 30. · big 5 (nasdaq: bgfv) has revenue of...
TRANSCRIPT
Big 5 Sporting Goods
John [email protected] | (415) 274-2715 CA BRE# 01440360
rick [email protected] | (415) 274-2709 CA BRE# 01792433
BoB [email protected] | (415) 274-2717 CA BRE# 00869657
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Just opened major commercial streetpublic company-rent increases1055 US highway 101, crescent city, cA 95531 chriS koStAnecki
[email protected] | (415) 274-2701 CA BRE# 01002010
Northern California
Investment HighlightsBIg 5 sportIng goods Is a new, freestandIng store In nortHern
calIfornIaLocated just north of downtown Crescent City, this is the only Big 5 store within a 60-mile radius. It is located on Highway 101,
a major commercial street. In most parts of California, highway 101 is a limited-access freeway. However, going through Crescent
City it is a five-lane commercial street with an unrestricted left turn into the site.
rentABLe SF . . . . 10,000 SF
LAnd AreA . . . . . . 1.0 Acre
LeASe tYPe . . . . . . NN
YeAr BUiLt . . . . . . Late 2014
prIce: $2,572,000cap: 6.0%
PUBLic comPAnY tenAnt
Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion
cALiForniA-BASed, StABLe tenAnt
The company opened its first store in 1955. It is headquartered in the Los Angeles area and, of the 62 stores opened in the last five years, 44% were in California. There are a total of 439 stores, about 49% of which are in California.
twentY YeArS oF oPtionS
7-year primary lease term with twenty years of options
Completed and opened in December, 2014
BIG 5 SPoRTING GooDS | 2
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Income & expense
PRICE $2,572,000
Capitalization Rate: 6.0%
Total Rentable Area (SF): 10,000
Lot Size (Acres): 1.00
STABILIZED INCOME Per Square Foot
Scheduled Rent $15.43 $154,308
Effective Gross Income $15.43 $154,308
LESS Per Square Foot
Taxes Paid by Tenant $0.00
Insurance Paid by Tenant $0.00
Total operating Expenses $0.00
EQUALS NET OPERATING INCOME $154,308
BIG 5 SPoRTING GooDS | 3
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
rent roll
tenAnt inFo LeASe termS rent SUmmArY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
Big 5 10,000 12/15/2014 1/31/2020 $154,308 $12,859 $154,308 $1.29 $15.43
2/1/2020 1/31/2022 $14,145 $169,740 $1.41 $16.98
option 1 2/1/2022 1/31/2025 $14,145 $169,740 $1.41 $16.98
2/1/2025 1/31/2027 $15,559 $186,708 $1.56 $18.67
option 2 2/1/2027 1/31/2030 $15,559 $186,708 $1.56 $18.67
2/1/2030 1/31/2032 $17,115 $205,380 $1.71 $20.54
option 3 2/1/2032 1/31/2035 $17,115 $205,380 $1.71 $20.54
2/1/2035 1/31/2037 $18,826 $225,912 $1.88 $22.59
option 4 2/1/2037 1/31/2040 $18,826 $225,912 $1.88 $22.59
2/1/2040 1/31/2042 $20,709 $248,508 $2.07 $24.85
Totals: 9,999 $154,308 $12,859 $154,308 $12,859.00 $15.43
BIG 5 SPoRTING GooDS | 4
Parkway drive
w washington Boulevard
Pacific Avenue
elk Valley road
Front Stre
et
w 9th Street
e washington Boulevard
nor
thcr
est d
rive
inyo
Stre
et
101
101
101
DEL NORTE COUNTY AIRPORT
crescent elk elementary
Joe hamilton elementary
mary Peacock
elementary
castle rock charter School
del norte county
high School
EUREKA
deSirABLe FreewAY AcceSiBiLitY Subject property is located on Highway 101, a five-way commercial street, with an unrestricted left turn into the site
ABouT BIG 5 SPoRTING GooDSWith 439 locations in 12 western states and about 9,500 employees, Big 5 Sporting Goods (NASDAQ: BGFV) is one of America’s top retailers of name brand sporting goods and accessories.
The standard store is approximately 10,000 -11,000 square feet and sells a mix of sporting goods including athletic shoes, apparel, and outdoor and athletic equipment.
The net worth is about $194 million. 2014 sales were $978 million. Net income for 2014 is not yet reported but will be about $15-$17 million.
nUmBer oF emPLoYeeS 9,5002014 reVenUe $977.9 MillionnUmBer oF LocAtionS 439
Big 5 sporting goods
BIG 5 SPoRTING GooDS IS oNE oF AmERICA’S
ToP RETAILERS oF NAmE BRAND SPoRTING GooDS
AND ACCESSoRIES
BIG 5 SPoRTING GooDS | 6
regional Map Crescent City�
CA Location
BIg 5 SPORTINg
gOODSCrescent City
BIG 5 SPoRTING GooDS | 7
creScent citY, cA oVerView
Named for the crescent-shaped stretch of sandy beach south of the city, Crescent City is the county seat of Del Norte County and is located just 20 miles south of the oregon-California border. The population of the Crescent City area is about 18,000.
Due to the richness of the local Pacific ocean waters and the ease of access, Crescent City Harbor serves as home port for numerous commercial fishing vessels. The harbor is also home to multiple fishing and non-fishing related businesses and harbor government offices.
Crescent City is a popular tourist destination due to its coastal location and abundance of beautiful redwood trees. Crescent City is also home to a satellite campus of College of the Redwoods, a two-year college based in Humbolt County.
A few miles north of downtown is Pelican Bay State Prison (PBSP), with 1400+ state employees and an annual budget approaching $200 million.
Crescent city also benefits form non-stop commercial air service to Crescent City Airport (CEC) from San Francisco on united Express.
location & demos
2013 HOUSEHOLD INCOmES
POPULATION
WalmartDel Norte County unified School District College of the RedwoodsHome DepotSafewayPelican Bay State Prison
TOP EmPLOYERS IN CRESCENT CITY
1-Mile 3-Mile 5-Mile
2013 5,902 16,141 17,999
1-Mile 3-Mile 5-Mile
Average $38,828 $49,030 $50,201median $26,374 $33,335 $33,997
BIG 5 SPoRTING GooDS | 8
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John [email protected] | (415) 274-2715 CA BRE# 01440360
rick [email protected] | (415) 274-2709 CA BRE# 01792433
BoB [email protected] | (415) 274-2717 CA BRE# 00869657
chriS koStAnecki [email protected] | (415) 274-2701 CA BRE# 01002010