FOR SALE > ARBY S. 745 W. Clover Road Tracy, CA COLLIERS INTERNATIONAL 3439 Brookside Road, Suite 108 Stockton, CA USA

Transcription

1

2 Property Photos

3 Tracy Poker Room Clover Road Tracy Blvd.

4 Investment Overview Colliers International is proud to present this single tenant Arby s offering, with a drive-thru, in Tracy, California. This location is conveniently located off the Interstate 205 at the Tracy Blvd exist. The Tracy Blvd exist is a popular, well known destination exit for travelers due to its excellent tenant draw such as Arby s, McDonald s, Starbucks, In & Out Burger, Wendy s, Subway, Burger King and Nation s Giant Hamburgers. The site enjoys a very large pylon sign that has excellent freeway visibility Directly across the street from the Arby s is the Tracy Corners Shopping Center, an 86,000+ square foot center that is anchored by Mi Pueblo Food Center. Mi Pueblo is a family owned grocery center headquartered in San Jose, CA. To date, Mi Pueblo has over 20 location in Northern California and continues to grow. Directly behind the Arby s is an 58 room Quality Inn Hotel. Adjacent, to the west side of the Arby s, is a casino that is scheduled to open in July of 2013 and a 57 room Best Western Luxury Inn. Arby s has occupied this location since 19XX. The lease is guaranteed by BJP Restaurant Management, a local Arby s franchisee that operates this one location in Tracy. Arby s Pylon Sign INVESTMENT HIGHLIGHTS: Established Arby s location Large pylon signage with excellent freeway visibility Located at the popular Tracy Blvd. Interstate 205 Exit Surrounded by national tenants Situated directly across the street from Tracy Corners Shopping Center, that is anchored by Mi Pueblo Food Center Tracy Corners Shopping Center Interstate 205 Visibility

5 Summary Income Summary Tenant Name: Arby s Lease Years Monthly Installment Annual Rent Location: 745 W Clover Road, Tracy, CA Price: $895,000 Cap Rate: 6.43% Price Per Sq. Ft.: $423 Building Sq. Ft.: 2,111 Land Sq. Ft.: 29,621 A.P.N.#: /1/13-12/31/13 $4, $57, /1/14-12/31/14 $4, $59, /1/15-12/31/15 $5, $61, /1/16-12/31/16 $5, $62, /1/17-12/31/17 $5, $64, /1/18-12/31/18 $5, $66, Lease Guarantor: Lease Type: Franchisee NNN Lease Commencement: May 14, 2003 Lease Expiration: June 30, 2018 Rental Increases: Option Periods: Fixed Annually One 5-year

6 Tenant Overview Regional Map ARBY S The Arby s concept is for those hungering for a unique alternative to traditional fast food. Serving one-of-a-kind menu items, Arby s is well known for slow-roasted and freshly sliced roast beef sandwiches, wraps and salads, while still enjoying the convenience of drive-thru service. While seeking a quick substitute from hamburgers, Leroy and Forrest Raffel developed the Arby s idea and opened their first location in Boardman, Ohio on July 23, The Arby s name was derived from the Raffel brother s original name, R.B. which actually stood for Raffel Brothers, although many suspect that it actually stood for Roast Beef. As of July of 2011, Arby s was acquired by Roark Capital Group, an Atlanta-based private equity firm with ownership of such other popular concepts as Cinnabon, Wingstop, Schlotzsky s, Il Fornaio, Mo s Southwest Grill and many more. TRACY BJP RESTAURANT MANAGEMENT This Arby s is operated by BJP Restaurant Management. BJP Restaurant Management is a local Arby s franchise partnership operated by Param Jit Singh Toor, Jeet Singh Guraya and Balihar Singh Guraya. Together, they own and operate this Tracy located Arby s restaurant. PACIFIC OCEAN

7 Area Highlights Location Map Short distance to Bay Area Nearly 95,000 population within a 5-mile radius Easy access to Interstate 205 and Interstate 580 Vivacious retail corridor Surrounded by national tenants City of Tracy City Of Tracy is located in California s Central Valley. With a short distance from the San Francisco Bay Area, Tracy is the first Central Valley city that Bay Area travelers are introduced to when crossing over the Diablo Mountain Range, via the Altamont Pass. Tracy is conveniently located just an hour from San Francisco, San Jose and Sacramento. Today, Tracy is home to over 89,000 residents within a 5 mile radius from the subject property. Tracy s recent residential popularity can be attributed to many factors such as; its closeness to the San Francisco Bay Area; access to Interstate 205 which connects to Interstate 580 to the west and Interstate 5 to the east, making these three Interstates forming a triangle around much of the city. Demographics Est. 1 Mile 3 Mile 5 Mile Population: 13,789 64,954 94,138 Avg. HH Income: $63,286 $79,018 $84,037