INGLEWOOD, CA
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's Burgers
OFFERING MEMORANDUM
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
INGLEWOOD,INGLEWOOD,INGLEWOOD,INGLEWOOD, CA CA CA CA
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's Burgers
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR
MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
NON-ENDORSEMENT NOTICE
Section 1 PRICING AND FINANCIAL ANALYSIS
Section 2 PROPERTY DESCRIPTION
Section 3 RECENT SALES
Section 4 DEMOGRAPHIC ANALYSIS
TABLE OF CONTENTS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
PRICING AND FINANCIAL ANALYSIS
Price $740,000
Down Payment 40% $296,000
Price per Square Foot (GLA) $603.10
Gross Leasable Area (GLA) 1,227
Year Built 1969
Lot Size 4,936 SF
VITAL DATA
CAP Rate - Current 6.49%
Net Operating Income - Current $48,000
Net Cash Flow After Debt Service - Current $48,000
Total Return - Current 16.22% / $48,000
1
PRICING AND FINANCIAL ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
Major Employers
CompanyLocal
Employees
Raytheon 9,105
Electronic Arts Inc 4,040
Sony Pictures Entertainment 3,500
Centinela Frman Rgonal Med Ctr 3,146
Lockheed Martin Corporation 3,000
US Post Office 2,540
Parks & Recreation Dept 2,369
Aerospace Corporation 2,315
Loyola Marymount University 1,739
MATTEL 1,700
Centinela Hospital Medical Ctr 1,500
Spacex 1,500
Demographics
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
1-Mile 3-Miles 5-Miles
2013 Total 39,395 288,720 857,814
2018 Total 38,874 285,943 857,453
2013 Total 13,993 98,996 280,187
2018 Total 14,045 99,867 284,972
Median HH Income $39,080 $47,019 $43,436
Per Capita Income $19,625 $22,991 $21,326
Average (Mean) HH $54,466 $66,598 $64,704
OFFERING SUMMARY
2
PRICING AND FINANCIAL ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
TENANT SUMMARY
Tenant GLA % ofGLA
LeaseCommence
LeaseExpire
Increases MonthlyRent
Rent/SF
LeaseType
Bruno's Burgers 1,227 100.00% 2006 2026 CPI IncreasesEvery 2 Years
$4,000.00 $3.26 NNN
TOTAL VACANT
TOTAL OCCUPIED 1,227 100.00% $4,000.00
TOTAL 1,227 100.00% $4,000.00
3
Bruno's Burgers: 100.00%
PRICING AND FINANCIAL ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
Current Per SF
Real Estate Taxes $10,000 $8.15
Insurance $6,276 $5.11
Pest Control $7,844 $6.39
CAM
Repairs & Maintenance $4,956 $4.04
TOTAL CAM $4,956 $4.04
TOTAL EXPENSES $29,076 $23.70
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
Tenants (% OF GLA)
EXPENSES
4
PRICING AND FINANCIAL ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
Current Per SFBase Rent
Occupied Space $48,000 $39.12
GROSS POTENTIAL RENT $48,000 $39.12
Expense Reimbursements
NNN Charges $29,076 $23.70
Total Expense Reimbursements $29,076 $23.70
GROSS POTENTIAL INCOME $77,076 $62.82
EFFECTIVE GROSS INCOME $77,076 $62.82
Total Expenses $29,076 $23.70
NET OPERATING INCOME $48,000 $39.12
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
Gross Leasable Area (GLA) 1,227 SF
INCOME & EXPENSES
450 East Manchester Boulevard
Inglewood, CA 90301
Price $740,000
Down Payment 40% $296,000
Gross Leasable Area (GLA) 1,227
Price/SF $603.10
CAP Rate - Current 6.49%
Lot Size 4,936 SF
Year Built 1969
FIRST TRUST DEED
Loan Amount $444,000
Annualized Operating Data
Income CurrentBase Rent
Occupied Space $48,000
Gross Potential Rent $48,000
Expense Reimbursements $29,076
Gross Potential Income $77,076
Effective Gross Income $77,076
Total Expenses $29,076
Net Operating Income $48,000
Net Cash Flow After Debt Service 16.22% / $48,000
Total Return 16.22% / $48,000
5
Location
PRICING AND FINANCIAL ANALYSIS
Financing
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
ExpensesReal Estate Taxes $10,000
Insurance $6,276
Pest Control $7,844
CAM
Repairs & Maintenance $4,956
TOTAL CAM $4,956
TOTAL EXPENSES $29,076
EXPENSES/SF $23.70
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
Loan information is time sensitive and subject tochange. Contact your local Marcus & Millichap CapitalCorporation representative.
FINANCIAL OVERVIEW
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
PROPERTY DESCRIPTION
Bruno’s Burgers is ideally located on the signalized Southwest corner of East Hillcrest Boulevard and East Manchester Boulevard in the city of Inglewood, California. The subject property is ideally located one block from multiple national retailers including Planet Fitness, Sizzler, IHOP, RadioShack, and Quiznos.
Bruno’s Burgers is well located within a densely populated Los Angeles submarket, with an immediate population upwards of 857,814 people within a five mile radius. In 2013, the median household income was $66,598, compared to the U.S. average which is currently $53,535. The property benefits from excellent visibility and frontage along East Manchester Boulevard.
Bruno’s Burgers currently pays $4,000 plus NNN. They have 12 years remaining on their initial lease term. The property is operated by a single unit franchisee. This offering offers an investor with a stable cash flow with no downside, as the current rent is below market rents in the immediate area.
The net rentable square footage of the property is 1,227 square feet situated on 4,936 square feet of land. Bruno’s Burgers property is being offered for sale at $740,000, a 6.49% CAP Rate on current income.
Investment Highlights
■ NNN Lease
■ 12 Years Remaining on Initial Lease Term withTwo – 5 Year Options
■ Signalized Corner Location
■ Seasoned Operator
■ Excellent Visibility and Frontage
■ High Traffic Counts
■ Adjacent to Multiple National Retailers
■ CPI Increases Every Two Years
7
PROPERTY DESCRIPTION
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
INVESTMENT OVERVIEW
The Offering
Property Bruno's Burgers
Property Address 450 East Manchester Boulevard
Inglewood, CA 90301
Site Description
Year Built 1969
Gross Leasable Area (GLA) 1,227 SF
Lot Size 4,936 SF
8
PROPERTY DESCRIPTION
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
PROPERTY SUMMARY
9
PROPERTY DESCRIPTION
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
Local Map Regional Map
AREA MAPS
10
PROPERTY DESCRIPTION
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
SITE PLAN
11
PROPERTY DESCRIPTION
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
AERIAL PHOTO
12
PROPERTY DESCRIPTION
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
AERIAL PHOTO
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
RECENT SALES
1)2)3)4)5)6)
Bruno's Burgers2120 West Pico Boulevard4801 West Century BoulevardDel Taco3451 West Olympic BoulevardRalphsDollar Tree
14
RECENT SALES
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
RECENT SALES MAP
0.00
200.00
400.00
600.00
800.00
1,000.00
1,200.00
1,400.00
Subject 4801WestCenturyBoulevard
DelTaco
3451WestOlympicBoulevard
Ralphs DollarTree
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
Subject 2120WestPico
Boulevard
DelTaco
3451WestOlympicBoulevard
Ralphs DollarTree
Average Price per Square Foot
15
RECENT SALES
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
Average Cap Rate
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
CAP RATE AND PRICE PER SF
1
2
Bruno's Burgers
450 East Manchester Boulevard
Inglewood, CA 90301
2120 West Pico Boulevard
Los Angeles, CA 90006
4801 West Century Boulevard
Inglewood, CA 90304
CommentsLocated on the SE Signalized Corner of West Pico Boulevard & Hoover Street just 10.1 miles from the subject property
CommentsMajor Cross Streets:
Located on the NW Signalized Corner of West Century Boulevard & South Inglewood Avenue
Close of Escrow: 3/7/2014
Sale Price: $3,100,000
Percent Down: 100%
CAP Rate: 4.41%
Lot Size: 30,231 SF
Subject Property
Year Built: 1969
Gross Leasable Area (GLA): 1,227 SF
Offering Price: $740,000
Percent Down 40%
CAP Rate: 6.49%
Price/SF (GLA): $603.10
Lot Size: 4,936 SF
Close of Escrow: 9/18/2013
Year Built: 1990
Gross Leasable Area (GLA): 690 SF
Sale Price: $899,500
Price/SF (GLA): $1,303.62
Lot Size: 18,060 SF
16
RECENT SALES
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
RECENT SALES
5
4
3 Del Taco
16216 Crenshaw Boulevard
Gardena, CA 90249
3451 West Olympic Boulevard
Los Angeles, CA 90019
Ralphs
950 North La Brea Avenue
Inglewood, CA 90302
CommentsMajor Cross Streets:
Located just South of West 10th Street, in between South Wilton Place & South Grammercy Place
CommentsMajor Cross Streets:
Located on the Signalized SW Corner of Centinela Avenue & North Market Street
CommentsMajor Cross Streets:
Located on the NE Signalized Corner of Crenshaw Boulevard & West Redondo Beach Boulevard
Close of Escrow: 2/1/2013
Year Built: 1979
Gross Leasable Area (GLA): 34,035 SF
Sale Price: $5,100,000
Price/SF (GLA): $149.85
Lot Size: 101,059 SF
Close of Escrow: 6/9/2014
Year Built: 1979
Gross Leasable Area (GLA): 1,508 SF
Sale Price: $1,300,000
CAP Rate: 4.76%
Price/SF (GLA): $862.07
Lot Size: 8,063 SF
Close of Escrow: 3/24/2014
Year Built: 2003
Gross Leasable Area (GLA): 2,130 SF
Sale Price: $1,650,000
Percent Down: 100%
CAP Rate: 4.36%
Price/SF (GLA): $774.65
Lot Size: 15,002 SF
17
RECENT SALES
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
RECENT SALES
6 Dollar Tree
811 North La Brea Avenue
Inglewood, CA 90302
CommentsMajor Cross Streets:
Located on the West Side of North La Brea Avenue, in between East Plymouth Street & West Hyde Park Boulevard
Close of Escrow: 5/7/2013
Year Built: 1956
Gross Leasable Area (GLA): 12,221 SF
Sale Price: $3,525,000
CAP Rate: 6.25%
Price/SF (GLA): $288.44
Lot Size: 36,691
18
RECENT SALES
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
RECENT SALES
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
DEMOGRAPHIC ANALYSIS
1 Mile 3 Miles 5 Miles
2000 Population 39,956 288,970 817,992
2010 Population 38,822 284,549 845,276
2013 Population 39,395 288,720 857,814
2018 Population 38,874 285,943 857,453
2000 Households 13,834 97,535 267,703
2010 Households 13,706 97,004 274,487
2013 Households 13,993 98,996 280,187
2018 Households 14,045 99,867 284,972
2013 Average Household Size 2.77 2.88 3.01
2013 Daytime Population 17,611 110,182 294,429
2000 Median Housing Value $174,446 $187,507 $198,511
2000 Owner Occupied Housing Units 23.21% 41.21% 38.69%
2000 Renter Occupied Housing Units 72.43% 53.78% 55.65%
2000 Vacant 4.11% 5.02% 5.79%
2013 Owner Occupied Housing Units 23.84% 42.19% 39.05%
2013 Renter Occupied Housing Units 76.16% 57.81% 60.95%
2013 Vacant 3.84% 3.53% 4.12%
2018 Owner Occupied Housing Units 23.66% 42.07% 38.92%
2018 Renter Occupied Housing Units 76.34% 57.93% 61.08%
2018 Vacant 3.80% 3.27% 3.89%
$ 0 - $14,999 17.9% 15.5% 17.5%
$ 15,000 - $24,999 15.5% 12.2% 12.9%
$ 25,000 - $34,999 12.6% 10.8% 11.4%
$ 35,000 - $49,999 15.8% 13.6% 13.7%
$ 50,000 - $74,999 19.6% 18.5% 17.4%
$ 75,000 - $99,999 8.5% 11.3% 10.4%
$100,000 - $124,999 4.5% 7.6% 6.6%
$125,000 - $149,999 1.7% 3.7% 3.6%
$150,000 - $199,999 1.7% 3.5% 3.4%
$200,000 - $249,999 0.7% 1.3% 1.3%
$250,000 + 1.6% 1.9% 2.0%
2013 Median Household Income $39,080 $47,019 $43,436
2013 Per Capita Income $19,625 $22,991 $21,326
2013 Average Household Income $54,466 $66,598 $64,704
Demographic data © 2012 by Experian.
20
DEMOGRAPHIC ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
DEMOGRAPHIC REPORT
Geography: 5 miles
Population
In 2013, the population in your selected geography was 857,814. The population has changed by 4.86% since 2000. It is estimatedthat the population in your area will be 857,453 five years from now, which represents a change of 0.04% from the current year. Thecurrent population is 48.0% male and 51.9% female. The median age of the population in your area is 33.1, compare this to the U.S.average which is 37. The population density in your area is 10,769.10 people per square mile.
Households
There are currently 280,187 households in your selected geography. The number of households has changed by 4.66% since 2000.It is estimated that the number of households in your area will be 284,972 five years from now, which represents a change of 1.70%from the current year. The average household size in your area is 3.00 persons.
Income
In 2013, the median household income for your selected geography is $43,436, compare this to the U.S. average which is currently$53,535. The median household income for your area has changed by 13.85% since 2000. It is estimated that the median householdincome in your area will be $49,797 five years from now, which represents a change of 14.64% from the current year.
The current year per capita income in your area is $21,326, compare this to the U.S. average, which is $28,888. The current yearaverage household income in your area is $64,704, compare this to the U.S. average which is $75,373.
Race & Ethnicity
The current year racial makeup of your selected area is as follows: 30.48% White, 32.78% African American, 0.70% Native Americanand 4.46% Asian/Pacific Islander. Compare these to U.S. averages which are: 72.20% White, 12.65% African American, 0.96%Native American and 5.01% Asian/Pacific Islander.
People of Hispanic origin are counted independently of race. People of Hispanic origin make up 51.03% of the current yearpopulation in your selected area. Compare this to the U.S. average of 16.55%.
Housing
The median housing value in your area was $198,511 in 2000, compare this to the U.S. average of $110,781 for the same year. In2000, there were 109,925 owner occupied housing units in your area and there were 158,116 renter occupied housing units in yourarea. The median rent at the time was $620.
Employment
In 2013, there are 294,429 employees in your selected area, this is also known as the daytime population. The 2000 Census revealedthat 59.7% of employees are employed in white-collar occupations in this geography, and 40.2% are employed in blue-collaroccupations. In 2013, unemployment in this area is 5.71%. In 2000, the median time traveled to work was 24.0 minutes.
Demographic data © 2012 by Experian.
21
DEMOGRAPHIC ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
SUMMARY REPORT
Number of people living in a given area per square mile.
Demographic data © 2012 by Experian.
22
DEMOGRAPHIC ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
POPULATION DENSITY
The number of people employed in a given area per square mile.
Demographic data © 2012 by Experian.
23
DEMOGRAPHIC ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
EMPLOYMENT DENSITY
Average income of all the people 15 years and older occupying a single housing unit.
Demographic data © 2012 by Experian.
24
DEMOGRAPHIC ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
AVERAGE HOUSEHOLD INCOME
Two-way, average daily traffic volumes.
25
DEMOGRAPHIC ANALYSIS
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's BurgersINGLEWOOD, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap.All rights reserved.
Traffic Count data © 2012 by TrafficMetrix. All rights reserved.
TRAFFIC COUNTS
* Traffic Count Estimate
INGLEWOOD,INGLEWOOD,INGLEWOOD,INGLEWOOD, CA CA CA CA
OFFERING MEMORANDUM
Bruno's BurgersBruno's BurgersBruno's BurgersBruno's Burgers
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