offering memorandum...offering memorandum 82 west las tunas drive, arcadia, ca 91007 exclusively...
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OFFERING MEMORANDUM
82 WEST LAS TUNAS DRIVE , ARCADIA, CA 91007
EXCLUSIVELY MARKETED BY
RALPH CIMMARUSTI Lic. 01434335Phone: 310-379-2228 ex [email protected]
BRENT CUNNINGHAM Lic. 01203913 Phone: 310-379-2228 ex 1 [email protected]
2200 Pacific Coast HighwaySuite 316Hermosa Beach, CA 90254
AVAILABLE FOR SALE DRIVE-THRU VALUE ADD
OPPORTUNITY
PAGE ii | OFFERiNG MEMORANDUM
82 WEST LAS TUNAS DRIVE, ARCADIA, CA 91007 DRIVE-THRU RESTAURANT IN ARCADIA
SITE
SANTA ANITA AVE
LIVE OAK AVE
LAS T
UNAS DR
20,7
96 C
AR
S/D
AY
23,130 CARS/DAY
7,120 CA
RS/DAY
BREAKING GROUND SOON: 76 RESIDENTIAL UNITS
PLUS 10,000 SF COMMERCIAL SPACE
PAGE iii | OFFERiNG MEMORANDUM
82 WEST LAS TUNAS DRIVE, ARCADIA, CA 91007 DRIVE-THRU RESTAURANT IN ARCADIA
Las T
unas D
r
Live Oak Ave
PAGE 2 | OFFERiNG MEMORANDUM
82 WEST LAS TUNAS DRIVE, ARCADIA, CA 91007 DRIVE-THRU RESTAURANT IN ARCADIA
PROPERTY OVERVIEW
INVESTMENT SUMMARY
Price: $2,800,000
NOI: $78,000 - Below Market Rent with Annual Rent Increase
Lease Expires: 12/31/2022
Lease Type: NNN
TOTAL BUILDING AREA: ± 3,000 SF Plus patio of 1,300 SF
ADDRESS: 82 W. Las Tunas Drive Arcadia, CA 91007
YEAR BUILT: 1985
APN:5788-021-017
ZONING: ARCM
TOTAL LAND AREA:30,328 SF
PAGE 3 | OFFERiNG MEMORANDUM
82 WEST LAS TUNAS DRIVE, ARCADIA, CA 91007 DRIVE-THRU RESTAURANT IN ARCADIA
SITE PLAN
LIV
E O
AK
AV
EL
AS
TU
NA
S D
R
BUILDING3,000 SFPATIO
47 PARKINGSTALLS
DR
IVE
-TH
RU
PAGE 4 | OFFERiNG MEMORANDUM
82 WEST LAS TUNAS DRIVE, ARCADIA, CA 91007 DRIVE-THRU RESTAURANT IN ARCADIA
AS-BUILT SITE PLAN
UP
Engineering Consultant
William J. Alkemeyer, P.E.353 Marshall Avenue
St. Louis, Missouri 63119
Phone (314) 772-1782Fax (314) 373-3514
325 N. LaSalle St. | Suite 500 | Chicago, IL 60654t 312.424.2400 | f 312.424.2424 | www.norr.com
DPM DM CPM
Project Title:
Professional Seal:
Project Team:
COPYRIGHT (C) NORR, INC. ALL RIGHTS RESERVED.NO PART OF THIS DOCUMENT MAY BE REPRODUCED, STORED IN A RETRIEVAL SYSTEM, OR TRANSMITTED IN ANY FORM OR BY ANY MEANS, ELECTRONIC, MECHANICAL, PHOTOCOPYING, RECORDING, OR OTHERWISE, WITHOUT THE EXPRESS WRITTEN CONSENT OF NORR INC. ANY MODIFICATIONS MADE TO THIS DOCUMENT WITHOUT THE WRITTEN PERMISSION OF NORR INC. SHALL RENDER IT INVALID AND UNUSABLE.THIS DRAWING HAS BEEN PREPARED SOLELY FOR THE USE OF PANERA BREAD AND THERE ARE NO REPRESENTATIONS OF ANY KIND MADE BY NORR INC. TO ANY PARTY WITH WHOM NORR INC. HAS NOT ENTERED INTO A CONTRACT.
Project Number:
Drawn By:
Issue Date:
Sheet Number:
DPM: DM: CPM:
PB 2
015.
01
Bake
ry C
afe
Bakery-Cafe:
SYSTEM: G4
11/2
8/20
18 5
:34:
17 P
M
A103
FLOOR PLANS -DIMENSIONED
X.XX.XX
Author
82 W
LAS
TUN
AS D
R,AR
CADI
A, C
A 91
007
#XX
XX
NICH##.####
XXXX
XXX
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XXX
#XXXX
No. Description Date
1/4" = 1'-0"1 FIRST FLOOR - EXISTING
PAGE 5 | OFFERiNG MEMORANDUM
82 WEST LAS TUNAS DRIVE, ARCADIA, CA 91007 DRIVE-THRU RESTAURANT IN ARCADIA
PROPERTY HIGHLIGHTS
• RARE DRIVE THRU OPPORTUNITY
• Freestanding Burger King Drive Thru
• Redevelopment Potential
• Below Market Lease
• Centrally located in a growing, affluent submarket
• Dense Trade Area
• The property is proximate to several neighborhood and entertainment based retail amenities including the Westfield Santa Anita Mall, the Santa Anita Racetrack,several parks and Downtown Arcadia’s numerous businesses and attractions.
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Claremont Bike Parking Center
Burbank Bike Parking Center
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METROLINK ANTELOPE VALLEY LINE
AMTRAK/METROLINK ORANGE CO LINE & 91 LINE
AMTRAK/METROLINK ORANGE CO LINE & 91 LINE
AMTRAK/METROLINK RIVERSIDE LINE
AMTR
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METROLINK SAN BERNARDINO LINE
METROLINK SAN BERNARDINO LINE
AMTRAK/METROLINK VENTURA CO LINE
COVINAPOMONA CLAREMONT
DOWNTOWN POMONA
GLENDALE
VAN NUYS
NORTHRIDGE
CHATSWORTH
SIMI VALLEY
SYLMAR-SAN FERNANDO
SUN VALLEY
DOWNTOWN BURBANK
BURBANK-BOB HOPE AIRPORT
MONTEBELLO/COMMERCE
COMMERCE
NORWALK/SANTA FE SPRINGS
INDUSTRY
SHERMAN WAY
ROSCOE
NORDHOFF
WASHINGTON
SAN PEDRO STGRAND
PICO
VERNON
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FLORENCE
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103RD ST/WATTS TOWERS
WILLOWBROOK
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5TH STPACIFIC AVDOWNTOWNLONG BEACH
WILLOW ST
WARDLOW
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LONG BEACH BL
LAKEWOOD BL NORWALK
AVIATION/LAX
HAWTHORNE/LENNOX
CRENSHAW
VERMONT/ATHENS
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EL SEGUNDO
REDONDO BEACH
DOUGLAS
HARBOR FWY
37TH ST/USC
SLAUSON
MANCHESTER
ROSECRANS
HARBOR GATEWAY TRANSIT CENTER
NORTH HOLLYWOOD
UNIVERSAL CITY/STUDIO CITY
LAURELCANYON
PIERCECOLLEGE
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EXPO/LA BREA
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EXPO/VERMONT
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LONG BEACH HARBOR
CHATSWORTH RESERVOIR
BALLONA
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DOMINGUEZ CHANNEL
ALAMITOS BAY
PUDDINGSTONERESERVOIR
ENCINO RESERVOIR
LEGG LAKE
LOS ANGELES RESERVOIR
MACHADO LAKE
HANSEN LAKE
TUJUNGA CANYON
DEVILS GATE RESERVOIR
STONE CANYON RESERVOIR
PACOIMA RESERVOIR
LIVE OAKRESERVOIR
SAN J OS E CREEK
HOLLYWOOD RESERVOIR
SILVER LAKE RES
SAN DIMAS RESERVOIR
GARVEY RESERVOIR
EATON CYN RES
CRYSTAL LAKE
PALOS VERDESRES
LAKE CALABASAS
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Topanga State Park
Topanga State Park
Griffith Park
Tuna Canyon
FirestoneBoy ScoutReservation
LA CountyFairplex
PomonaRaceway
BRACKETT FIELD
La Tuna Canyon Park
Rocky Peak Park
Hansen Dam Park
Santa Fe Dam Recreation Area
Brand Park
Rose Hills Memorial Park
Westridge Canyonback Park
Elysian Park
OmelvenyPark
Michael D Antonovich Regional Park
Whittier Narrows Rec Area
Hahamongna Watershed Park
Cold Creek Canyon Preserve
Sepulveda Dam Recreation Area
Stunt Ranch
Glendora WildernessPark
Wildwood Canyon Park
Claremont Hills Wilderness Park
CSU Northridge
Santa Anita Park
Veterans Administration
Santa Susana Pass State Historic Park
Verdugo Mountain Park
ClaremontColleges
South HillsPark
SchabarumRegional
County Park
Chatsworth Reservoir Nature Preserve
Santa Ynez Canyon Park
Wilson Canyon Park
BrooksidePark
Stough Park
Ernest E Debs
Regional Park
InglewoodPark
Pepperdine University
HaciendaGolf Club
Dockweiler State Beach
Hellman Wilderness Park
Forest LawnMemorial Park Covina Hills
Wilacre Park
Venice City Beach
Malibu Beach
Hilton Open Space
Descanso Gardens
Palisades Park
Bell Canyon Park
Forest Lawn Memorial Park
Diamond Bar Golf Course
Sepulveda Pass Open Space
Santa Monica State Beach
Runyon Canyon Park
White Point Park
Peck Road County Park
El DoradoPark
Will Rogers State HistoricPark
Puente Hills Mall
Friendship County Park
South HillsCountry Club
Will Rogers State Beach
Warner Bros Studios
South Gate Park
Los Cerritos Center
GaneshaPark
Franklin Canyon Park
FallbrookMall
Valley Plaza Park
Aliso Canyon Park
Point Vicente
Park
Eaton Canyon County Park
Annandale Golf Course
Occidental College
Walnut Creek County Park
Balboa Sports Center
Oakdale Memorial
Park
San DimasCanyon GolfCourse
StonewoodCenter
Porter Ranch
Park
Valley Plaza
La Mirada Regional Pk
La Mirada Creek Park
Lincoln Park
Deervale Park
San DimasCanyon County Park
VerdugoPark
Palisades Park
NBC Studios
Peck Park & Rec Ctr
ArroyoPark
Fossil Ridge Park
ArcadiaCountyPark
Point Fermin Park
Paramount Studios
Rancho Santa AnaBotanic Garden
Beverly Glen Park
Long BeachCity College
NorthridgeFashionCenter
California Institute of Technology
Alhambra Municipal Golf Course
Mountain View Cemetery
El Cariso Regional County Park
Knapp Ranch Park
South Coast Botanic Garden
Veterans Memorial County Park
Irwindale Speedway
Pasadena City College
Pantera Park
HorsethiefCanyonPark
Columbia Regional
Park
CerritosTowne Center
Van Nuys-Sherman Oaks Park
Sportsplex
Sony Picture Studios
Pathfinder County Park
John Anson Ford Park
Magic Johnson County Rec Area
Live OakMem Park
Alondra County Park
Northridge Rec Ctr
Bell Canyon Open Space
SierraVistaPark
Louie PompeiSports Park
Haines Canyon Park
De ForestPark
Glendale Community
College
Sycamore Canyon Park
Malibu Lagoon County Beach
CerritosPark East
University of La Verne
La PuentePark
Galster Wilderness Park
Los Altos Market Center
Veterans Parkway
Browns Creek
Park
Topanga County Beach
Stoney Point Park
Victoria County
Park
Madrona Marsh Nature Preserve
Elyria Canyon Park
Sports &Skate Park
RiveraPark
HuntingtonOaks Center
Big League Dreams Sportsplex
Royal Palms County Beach
Rio HondoPark
Westside Pavilion
Dixie Canyon Park
Murphy Ranch Park
Franklin Canyon Park
Rio SanGabriel Park
Glendale Sports Complex
HastingsRanchPlaza
Scholl Canyon Park
Glassell Park
Pico Rivera Municipal Golf Course
Los Angeles Royal Vista Golf Course
Industry HillsRecreationCenter
Ocean View Park
Will Rogers Memorial Park
Vista Del Mar Park
Hjelte Sports Center
Viking Park
Las Tunas County Beach
Calabasas Creekside Park
Rivas Canyon Park
Cheviot Hills Park & RecCenter
Laurel Canyon Park
Oakmont View Park
ABC Television Center
Penmar Park
Eagle Rock Rec Center
Henry A WilliamsNorthside Park
Ladera Serra Park
Founders Park
Cabrillo Beach
Cherry Ave
Park
CerritosRegionalPark
Queen Mary
Long Beach City College
Long Beach Transit Mall
Sierra La VerneCountry Club
Frank G Bonelli County Par k
KennethHahn State
Rec Area
HarborPark
Angel'sGate Par k
KING HARBOR
TERMINALISLAND
Hermosa Beach
Redondo County Beach
Torrance County Beach
Manhattan County Beach
El Segundo Beach
LONG BEACHAIRPORT(LGB)
Heartwell Park
Angeles National Forest
Third StPromenade
Cal State Univ Los Angeles
University of West Los Angeles
SANTA MONICA AIRPORT
The Getty Center
Los Angeles Pierce College
VAN NUYSAIRPORT
(VNY)
Los Angeles Valley College
East Los Angeles Community College
Whiteman Airpark
Los Angeles Mission College
BOB HOPEAIRPORT(BUR)
Woodbury University
Burbank Empire Ctr
Burbank Town Center
WarnerBros
Ranch
HollywoodBowl
CBS Studio Center
Los Angeles Zoo
Disney Studios
ABC Television Center
20th Century Fox Studio
Westfield Century City
Dodger Stadium
GlendaleGalleriaThe Americana
at Brand
Great Western Forum
Los Angeles Southwest College
El Camino College
Del Amo Fashion Center
South Bay Galleria
Raleigh StudiosManhattan Beach
Southbay Pavilion at Carson
LA County Harbor-UCLA Medical Center
LAHarbor College
Los Angeles Convention
Center
L.A. LIVEStaples Center
LA County+ USCMedical Center
Rio Hondo College
The Shops atMontebello
Pico Rivera Towne Center
California State Polytechnic University PomonaMount
San Antonio College
EL MONTE AIRPORT
Citrus CollegeAzusa Pacific
University
BiolaUniv
SouthernCalifornia University of HealthSciences
WhittwoodTown Center
GatewayPlaza
Center
PaddisonSquare
Lakewood Center Mall
Cerritos College
Junipero Beach
Peninsula Beach
AlamitosBeach
Belmont Shore Beach
Bay Shore BeachTreasure Island Park
William Carey International University
ExpositionPar k
Coliseum
Fox Hills
Loyola Marymount University
West LACollege
Santa Monica College
COMPTON AIRPORT
Universal StudiosUniversal CityWalk/Gibson Amphitheater
SkirballCulturalCenter
University ofJudaism
Sherman Oaks Galleria
VA Care Ctr
MountSt Mary’sCollege
The GettyVilla
WhittierCollege
Cal StateUniversityLong Beach
Art CenterCollege of Design(Hillside Campus)
Art CenterCollege of Design(South Campus)
Autry Museum ofWestern Heritage
Observatory
Farmers Market & The Grove
Cedars-SinaiMed Ctr
Beverly HillsCity Library
BeverlyCenter
Rose Bowl
HuntingtonMem Hosp
EagleRockPlaza
ShorelineVillage
Long Beach VAMedical Center
Alamitos Bay Landing
Seal Beach Pier
Belmont Pier
Long BeachMemHospital
RanchoLos AmigosNationalRehabilitationCenter
DowneyDepot
StubHub Center Soccer Stadium
Redondo Beach Pier
HermosaBeach Pier
ManhattanBeach Pier
Venice Pier
Santa Monica Pier
PlazaEl Segundo
El Camino CollegeCompton Ctr
Jet PropulsionLaboratory(JPL)
LA CountyArboretum
HuntingtonLibrary &BotanicalGardens
VerdugoHillsHospital
HAWTHORNEMUNICIPAL AIRPORT
TORRANCE MUNICIPAL AIRPORT
FlyAwayTerminal
Otis Collegeof Art Design
MarymountCollege
Korean Bell
Ports O’CallVillage
Cabrillo Beach Pier
San PedroPeninsula Hosp
Cal State UniversityDominguez Hills
LA CountyOlive View-UCLAMedical Center
West HillsMedicalCenter
WarnerCenter
TopangaPlaza
Mount StMary’s College
Long Beach TowneCenter
Life PacificCollege
The Plaza atWest Covina
EastlandCenter
University ofSouthernCalifornia
Los Angeles City College
Long Beach Bike Parking Center
Santa Susana Mountains
San Gabriel Mountains
Santa Ana Mountains
Santa Monica Mountains
Verdugo Mountains
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LAX CITY BUS CENTER
POMONA
SANTA MONICA
LOS FELIZ
ATWATER VILLAGE GLASSELL PARK
VALLEYVILLAGE
VALLEY GLEN
NORTH HOLLYWOOD
VAN NUYS
TOLUCA LAKE
BURBANK
GLENDALESHERMAN OAKS
BEL AIR
WESTWOOD
WESTLOS ANGELES
MARVISTA
MARINADEL REY
OCEANPARK
VENICE
BRENTWOOD
PACIFICPALISADES
HOLLYWOODHILLS
TARZANA
WOODLANDHILLS
WEST HILLS
CHATSWORTH
CANOGA PARK
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NORTHRIDGE
NORTHHILLS PANORAMA
CITY
MISSIONHILLS LAKEVIEW
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SUN VALLEY
SUNLAND
SAN FERNANDO
PACOIMA
SYLMAR
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PORTERRANCH
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STUDIOCITY
CENTURYCITY
BEVERLY HILLS
CHEVIOTHILLS
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CULVERCITY LADERA
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PLAYAVISTA
PLAYADEL REY
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WESTCHESTER
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TORRANCE
LOMITA HARBORCITY
ROLLINGHILLS
ROLLING HILLSESTATES
RANCHOPALOS VERDES
PALOS VERDESESTATES
SANPEDRO
WILMINGTON
HARBORGATEWAY
CARSON
GARDENA
RANCHOPARK
PALMS
HOLLYWOOD
KOREATOWN
WEST ADAMS
CRENSHAW
HYDEPARK
ATHENS
BOYLEHEIGHTS
VERNON
MAYWOOD
HUNTINGTON PARK
CUDAHYSOUTH GATE
FLORENCE
WATTS
COMPTON
WILLOWBROOK
HANCOCKPARK
PARKLA BREA
WEST HOLLYWOOD
UNIVERSAL CITY
SILVER LAKE
ECHOPARK
EL SERENOALHAMBRA ROSEMEAD
SOUTHEL MONTE
TEMPLECITY
EL MONTE
MONTEBELLO
SANTA FESPRINGS
NORWALKPARAMOUNT
BELLFLOWER
CERRITOS
LAKEWOOD
HAWAIIANGARDENS
SIGNAL HILL
LONG BEACH
SEALBEACH
BELMONTSHORE
COMMERCE
EAGLE ROCK
MONTROSE
TUJUNGA
LA CRESCENTA
LA CAÑADAFLINTRIDGE
PASADENA
ALTADENA
SIERRAMADRE
ARCADIA
MONROVIA
CYPRESS PARK
HIGHLANDPARKMOUNT
WASHINGTON
MONTEREYHILLS SOUTH
PASADENA
SANGABRIEL
SANMARINO
MONTEREYPARK
EASTLOS ANGELES
BELLGARDENS
BELL
LOS ANGELESINTERNATIONALAIRPORT (LAX)
CALABASAS
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SIMI VALLEY
GLENDORA
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AZUSA
COVINA
IRWINDALE
DUARTE
BALDWIN PARK
BRADBURY
WEST COVINA
WALNUT
CITY OF INDUSTRY
LA PUENTE
WHITTIER
HACIENDAHEIGHTS
ROWLANDHEIGHTS
PUENTEHILLS
PICORIVERA
LA HABRA HEIGHTS
LA MIRADA
ARTESIA
DOWNEY
LYNWOOD
POMONA
DIAMOND BAR
LA VERNE
CLAREMONT
University of CaliforniaLos Angeles
To Huntington Beach
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UTE
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RBLOSSOM HWY
Transitway & Station
Metro Liner & Station
MAR 2014 Subject to Change
Metrolink & Station Airport/Civic/Government
School/College/University
Shopping Area
Tourist Attraction/Sports Venue
Interstate Freeway 110
State Highway or Freeway 110
Park/Recreation Area
US Highway or Freeway 101
Bike Path (Class I) Bike Lane (Class II) Bike Route (Class III)
Class I Bike Path Access Point
Bike Racks Bike Lockers
Bike Racks & Lockers
Metro Rapid Bus Line & Stop
710 Point of Interest
FlyAway
Municipal Rapid Bus Line & Stop
R6
Amtrak Station
Transfers
Metro Rail Line & Station
Cycle Track (On-Street Separated Bikeway)
0 11/2 2 3
Scale/Miles
LOS ANGELES COORANGE CO
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WildernessPark
SchabarumRegional
County ParkCounty Park
HaciendaHaciendaGolf Club
Puente Puente Puente Hills Mall
South HillsCountry ClubCountry Club
Louie PompeiLouie PompeiLouie PompeiSports Park
Galster Wilderness Park
Sportsplex
California University of University of HealthSciences
CITY OF INDUSTRY
LA HABRA HEIGHTS
LA MIRADA
SIERRA MADRE AV
FOOTHILL
SUN
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WESTERN SAN GABRIEL VALLEY
DOWNTOWN & NORTHEAST LA
TO SANTA CLARITA/PALMDALE/LANCASTERSEE INSETS THIS PAGE
TO WESTERN LOS ANGELES COUNTYSEE INSET ON REVERSE
Metro Bike Map
L O S A N G E L E SL O S A N G E L E S
PACIFIC OCEAN
PACIFIC OCEAN
SantaMonica
Bay
SanPedro
Bay
LosAngelesHarbor
PalosVerdes
Point
Gu l f o f Santa Cata l ina
FallbrookCommunity
Airport
CoronaMunicipal
Airport
JohnWayneAirport
RiversideMunicipal
Airport
ChinoAirport
RialtoMunicipal/Miro Field
Los AngelesInternational Airport
CamarilloAirport
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Fountain Valley
Beverly Hills
Culver City
Torrance
Inglewood
Lennox
HawthorneGardena Compton Paramount
Lakewood
Carson
Long Beach
Seal Beach
NewportBeach
LagunaBeach
Lomita
LynwoodDowney
Maywood
Norwalk
CypressStanton
Garden Grove
Fullerton Placentia
Anaheim
Yorba Linda
Tustin
Irvine
LagunaHills
San JuanCapistrano
San Clemente
Fallbrook
Lake Elsinore
Corona
Norco
Chino
Pomona Ontario
Riverside
Fontana
GlendoraPasadena Arcadia
Burbank
San Fernando
Glendale
Santa Clarita
Simi ValleyMoorpark
Thousand Oaks
Oxnard
Agoura Hills
DanaPoint
Orange
CostaMesa
West Hollywood
Huntington Beach
Fountain Valley
Beverly Hills
Culver City
Torrance
Inglewood
Lennox
HawthorneGardena Compton Paramount
Lakewood
Carson
Long Beach
Seal Beach
NewportBeach
LagunaBeachLagunaBeachLagunaBeach
Lomita
LynwoodDowney
Maywood
Norwalk
CypressStanton
Garden Grove
Fullerton Placentia
Anaheim
Yorba Linda
Tustin
Irvine
LagunaHills
LagunaHills
LagunaHills
San JuanCapistrano
San Clemente
Fallbrook
Lake Elsinore
Corona
Norco
Chino
Pomona Ontario
Riverside
Fontana
GlendoraPasadena Arcadia
Burbank
San Fernando
Glendale
Santa Clarita
Simi ValleyMoorpark
Thousand Oaks
Oxnard
Agoura Hills
DanaPointDanaPointDanaPoint
Orange
CostaMesa
West Hollywood
Huntington Beach
PAGE 6 | OFFERiNG MEMORANDUM
82 WEST LAS TUNAS DRIVE, ARCADIA, CA 91007 DRIVE-THRU RESTAURANT IN ARCADIA
ARCADIA MARKET OVERVIEW
Arcadia was incorporated in 1903 and became a Charter City in 1951. It is an upper-middle class community of approximately 60,000 people in an 11.2 square mile area located 14 miles east of Downtown Los Angeles. Arcadia is known for its beautiful neighborhoods, warm character and “community of homes” atmosphere.
Arcadia has a broad retail and commercial base with businesses ranging from sole proprietors to large corporations. Westfield Santa Anita is a popular regional mall; downtown Arcadia has seen resurgence in popularity; south, west and north Arcadia all have thriving businesses; and the Santa Anita Race Track is considered by many to be the finest facility of its type in the country.
The largest employment sector in Arcadia is the service industry, accounting for over 50 percent of jobs, with the two largest being health and business services. Arcadia has several main roads, including Foothill Boulevard and Huntington Drive. It is also served by the Foothill Freeway (I-210) which connects Arcadia to Greater Los Angeles. The Foothill Freeway links Arcadia to employment centers to the west, north and south. The I-210 connects to The Ventura Freeway (U.S. 134), which leads to the employment centers in the Tri-Cities (Pasadena, Burbank and Glendale) as well as the 101 corridor (Universal City and Hollywood).
Palm Dr Palm Dr
Sandra Ave
Los Altos Ave Warren Way
Woodruff Ave Woodruff Ave
Longly Way
Woodruff Ave
Rodell Pl
Rodell Pl
Lenta Ln
4th Ave
Lenore AveGarypark Ave
Huddart AveCochin Ave
Mar
shbu
rn A
ve
Tyle
r Ave
Wild�ower Rd
Santa Anita Ave
Welland Ave
McCulloch Ave
Parmerton Ave
Persimm
on Ave
El Monte Ave
Pal Mal Ave
Halifax Rd
Hallowell Ave
Gracewood Ave
Baldwin AVe
Baldwin AVe
Farn
a Ave
3rd Ave
2nd AveLee Ave
Green�eld Ave
El Capitan Ave
Santa Anita Ave
Palm Cir
El Monte Ave
Holly Ave
Florwnce Ave
Las Tunas Dr Las Tunas Dr
Workmam Ave
LIVE OAK PARK
Lynrose St
Daines Dr
Daines Dr
Daines Dr
Danbury St
Danbury St
Daneswood Dr
Olive St
Freer St
Freer St
Live Oak Ave
Live Oak Ave
Live Oak Ave
Palm Dr Palm Dr
Sandra Ave
Los Altos Ave Warren Way
Woodruff Ave Woodruff Ave
Longly Way
Woodruff Ave
Rodell Pl
Rodell Pl
Lenta Ln
4th Ave
Lenore AveGarypark Ave
Huddart AveCochin Ave
Mar
shbu
rn A
ve
Tyle
r Ave
Wild�ower Rd
Santa Anita Ave
Welland Ave
McCulloch Ave
Parmerton Ave
Persimm
on Ave
El Monte Ave
Pal Mal Ave
Halifax Rd
Hallowell Ave
Gracewood Ave
Baldwin AVe
Baldwin AVe
Farn
a Ave
3rd Ave
2nd AveLee Ave
Green�eld Ave
El Capitan Ave
Santa Anita Ave
Palm Cir
El Monte Ave
Holly Ave
Florwnce Ave
Las Tunas Dr Las Tunas Dr
Workmam Ave
LIVE OAK PARK
Lynrose St
Daines Dr
Daines Dr
Daines Dr
Danbury St
Danbury St
Daneswood Dr
Olive St
Freer St
Freer St
Live Oak Ave
Live Oak Ave
Live Oak Ave
SITE
DRIVE-THRU RESTAURANT IN ARCADIAPopulation 1-Mile 2-Mile 3-Mile
Estimated Population (2018) 22,387 95,560 482,152Projected Population (2023) 22,295 95,366 220,768Projected Annual Growth (2018-2023) -93 - -194 - -536 -
Historical Annual Growth (2010-2018) 507 0.3% 2,330 0.3% 5,963 0.3%
Estimated Population Density (2018) 7,130 psm 7,608 psf 7,831 psf
Trade Area Size 3.1 sq mi 12.6 sq mi 28.3 sq mi
HouseholdsEstimated Households (2018) 7,621 31,496 69,763
Projected Households (2023) 7,810 32,325 71,559
Projected Annual Growth (2018-2023) 189 0.5% 829 0.5% 1,796 0.5%
Historical Annual Change (2000-2018) 805 0.7% 2,604 0.5% 5,339 0.5%
AgeMedian Age 44.6 41.7 39.4Average Household IncomeEstimated Average Household Income (2018) $115,508 $102,123 $95,295
Projected Average Household Income (2023) $141,746 $124,372 $115,987
Projected Annual Change (2018-2023) $26,238 4.5% $22,248 4.4% $20,693 4.3%
Historical Annual Change (2000-2018) $44,414 3.5% $40,142 3.6% $38,276 3.7%
Daytime Demographics (2018)Total Businesses 486 2,866 7,552Total Employees 4,368 22,600 67,481Adj. Daytime Demographics Age 16 Years or Over 12,786 56,485 141,703
Demographic Source: Applied Geographic Solutions 10/2018, TIGER Geography
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Highland Partners Corp. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form.
These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or Highland Partners Corp, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this
Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Highland Partners Corp. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Highland Partners Corp.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Highland Partners Corp.
CONFIDENTIALITY AGREEMENT
EXCLUSIVELY MARKETED BYRALPH CIMMARUSTI Lic. 01434335Phone: 310-379-2228 ex [email protected]
BRENT CUNNINGHAM Lic. 01203913 Phone: 310-379-2228 ex 1 [email protected]
2200 Pacific Coast Highway, Suite 316Hermosa Beach, CA 90254
2018 DEMOGRAPHICSREPRESENTATIVE IMAGE