big 5 sporting goods northern california - capital pacific...big 5 (nasdaq: bgfv) has revenue of...
TRANSCRIPT
New construction - price reducedhigh traffic - five lane frontagePublic company-fixed rent increases1055 US Highway 101, Crescent City, CA 95531
[ www.CapitalPacific.com ]
Big 5 Sporting goodsnorthern california
Click for Map
RentAble SF . . . . . . . . . . . . . . . 10,000 SF
lAnd AReA . . . . . . . . . . . . . . . 1 .0 Acres
leASe tyPe . . . . . . . . . . . . . . . NN
yeAR bUIlt . . . . . . . . . . . . . . . Late 2014
PRICE: $2,468,900CAP: 6.25%
Listing TeamContact Info
PROperty Summary
bIg 5 sPoRtIng goods Is A nEw, fREEstAndIng stoRE In noRthERn CAlIfoRnIA. thE PRoPERty Is loCAtEd on A hIgh- tRAffIC, fIvE lAnE stREEt In thE most dEnsE REtAIl CoRRIdoR wIthIn A 60 mIlE RAdIus.
Capital Pacific collaborates . Click Here to meet the rest of our San Francisco team .
RICK SANNERrsanner@capitalpacific .com | (415) 274-2709CA BRE# 01792433
bob SANNERbsanner@capitalpacific .com | (415) 274-2717CA BRE# 00869657
aaron susmanasusman@capitalpacific .com | (415) 481-0377CA BRE# 01961568
big 5 sporting goods | 2
Corporate lease with publicly traded company
locationLocated just north of downtown Crescent City 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, and there are 30,000 vehicles per day. This is the only Big 5 store within a 60-mile radius .
Public comPany tenantBig 5 (NASDAQ: BGFV) has revenue of just over $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 65 stores opened in the last five years, 48% were in California . There are a total of 438 stores, about 49% of which are in California .
twenty years of oPtions7-year primary lease term with twenty years of options .Completed and opened in December 2014 .
core characteristicscore characteristics
big 5 sporting goods | 3
aerial Subject property iS located on highway 101, a five-lane commercial Street, with an unreStricted left turn into the Site. there are 30,000 vpd on thiS road
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
30,000 dailyhwy 101
big 5 sporting goods | 4
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 $2,468,900 Capitalization Rate: 6 .25%
Total Rentable Area (SF): 10,000
Lot Size (AC): 1 .00
STABILIZED INCOME Per Square FootScheduled Rent $15 .43 $154,308
Effective Gross Income $15 .43 $154,308
LESS Per Square FootTaxes 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 | 5
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.
5rEntAL
inCrEAsEsrent 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 Sporting Goods 10,000 11/15/14 01/31/20 $154,308 $12,859 $154,308 $1 .29 $15 .43
02/01/20 01/31/22 $14,145 $169,740 $1 .41 $16 .97
Option 1 02/01/22 01/31/25 $14,145 $169,740 $1 .41 $16 .97
02/01/25 01/31/27 $15,559 $186,708 $1 .56 $18 .67
Option 2 02/01/27 01/31/30 $15,559 $186,708 $1 .56 $18 .67
02/01/30 01/31/32 $17,115 $205,380 $1 .71 $20 .54
Option 3 02/01/32 01/31/35 $17,115 $205,380 $1 .71 $20 .54
02/01/35 01/31/37 $18,826 $225,912 $1 .88 $22 .59
Option 4 02/01/37 01/31/40 $18,826 $225,912 $1 .88 $22 .59
02/01/40 01/31/42 $20,709 $248,508 $2 .07 $24 .85
totals: 10,000 $154,308 $12,859 $154,308 $1.29 $15.43
big 5 sporting goods | 6
tenant overview
eMPlOyeeS: 9,500
2015 ReVenUe $1.029 bIllIon
lOCAtIOnS: 438
BIG 5 SPORTING GOODWith 438 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 $199 million and 2015 sales were $1 .029 billion . Net income for 2015 was $15 .3 million .
WWW.bIg5SPORtInggOOdS.COM/
big 5 sporting goods is one of america’s top retailers of name brand sporting goods
and accessories
big 5 sporting goods | 7
regional map
HIgH tRAFFIC COUntS In exCeSS OF 30,000 VPd On US HIgHWAy 101
CRESCENT CITY
SACRAMENTO
SAN FRANCISCOBAY AREA big 5 sporting goods | 8
CReSCent CIty, CA OVeRVIeW
Named for the crescent-shaped stretch of sandy beach south of the city, Crescent City is the 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 22,000 .
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 .
location
2015 houSehold incomeS
population
Walmart Del Norte County Unified School District Home Depot Safeway
top employerS in creScent city
3-mile 5-mile 7-mile
2010 16,509 18,378 23,5012015 15,822 17,628 22,4522020 15,403 17,164 21,977
3-mile 5-mile 7-mile
Average $48,149 $49,615 $51,187
location
big 5 sporting goods | 9
A unique HUMANRESULTS-DRIVEN client experience
tHe CAPItAl PACIFIC exPeRIenCe - OUR dAIly COMMItMent tO OUR ClIentS
[ www.CapitalPacific.com ]
bOb SAnneRbsanner@capitalpacific .com | (415) 274-2717 CA BRE# 00869657
RICk SAnneRrsanner@capitalpacific .com | (415) 274-2709 CA BRE# 01792433
AAROn SUSMAnasusman@capitalpacific .com | (415) 481-0377 CA BRE# 01961568
[ Copyright © 2016 Capital Pacific ]
CHRIS kOStAneCkI
CHRIS PeteRS
dAVe lUCAS
zAndy SMItH
JACk nAVARRA
zeb RIPPle
JOHn AndReInI
JOe CACCAMO
gRegg Steele
kARlA zenS
Capital Pacific collaborates . Click Here to meet the rest of our San Francisco team .