Burger King Freestanding Absolute NNN Colusa, CA 1011 Bridge Street, Colusa, CA 95932 [ www.capitalpacific.com ]
PROperty Summary PRICE: $2,400,000 CAP: 5.00% Rentable SF...3,500 SF Price per SF...$685.71 land area... 0.57 Acres Current Rent...$34.29/SF Listing Team Contact Info John Andreini jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 Sean mack smack@capitalpacific.com (503) 675-8378 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. Burger king 2
core characteristics Investment highlights Seasoned Burger King store with over 20 years of continuous operating history. Drive-thru location. Retailers in the immediate area include Rite Aid, Metro PCS, Wells Fargo, Auto Zone, Tri Counties Bank, and many others. Over 13,000 VPD on Bridge Street. Tenant Highlights (See page 8 for more detail) Operates more than 12,000 restaurants in the U.S. and 85 additional countries. #2 hamburger chain in the world. Operator/Guarantor (See page 8 for more detail) Founded in 1976, J&A Food Service has over 40 restaurants spanning from Central Oregon to Southern California. The J&A Food Service family of restaurant concepts includes Burger King, Marie Callender s, Applebee s, Logan s Roadhouse, Spoon Me, View 202, Premier Catering and Cicada Cantina. Strong net worth - contact agent for details. Lease highlights 15 year absolute net lease - zero landlord responsibilities. Annual 1% rental increases. Four 5-year options at 1% annual rental increases. Rent to sales ratio of 8.28%. Burger king 3
aerial Located on Bridge Street, with traffic counts exceeding 13,500 VPD 45 Lurline Avenue 20 Mark James M. Burchfield Elementary ge S treet George T. Egling Middle School reet Brid 10th Stre et et St Colusa High School,50 13 TOWN & COUNTRY CENTER LY AI 0D 20 COLUSA GOLF AND COUNTRY CLUB 20 SACRAMENTO COLUSA COUNTY AIRPORT Burger king 4
photos Subject property is adjacent to town & Country Center Burger king 5
income & expense PRICE $2,400,000 Price Per Square Foot: $685.71 Capitalization Rate: 5.00% Total Rentable Area (SF): 3,500 Lot Size (AC): 0.57 STABILIZED INCOME Per Square Foot Scheduled Rent $34.29 $120,000 Effective Gross Income $34.29 $120,000 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $120,000 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. Burger king 6
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 Increases Burger King 3,500 1 $120,000 $10,000 $120,000 $2.86 $34.29 1.00% 2 $10,100 $121,200 $2.89 $34.63 1.00% 3 $10,201 $122,412 $2.91 $34.97 1.00% 4 $10,303 $123,636 $2.94 $35.32 1.00% 5 $10,406 $124,872 $2.97 $35.68 1.00% 6 $10,510 $126,121 $3.00 $36.03 1.00% 7 $10,615 $127,382 $3.03 $36.39 1.00% 8 $10,721 $128,656 $3.06 $36.76 1.00% 9 $10,829 $129,943 $3.09 $37.13 1.00% 10 $10,937 $131,242 $3.12 $37.50 1.00% 11 $11,046 $132,555 $3.16 $37.87 1.00% 12 $11,157 $133,880 $3.19 $38.25 1.00% 13 $11,268 $135,219 $3.22 $38.63 1.00% 14 $11,381 $136,571 $3.25 $39.02 1.00% 15 $11,495 $137,937 $3.28 $39.41 1.00% Totals: 3,500 $120,000 $10,000 $120,000 $2.86 $34.29 *Tenant has four (4) 5-year options to renew at 1.0% annual increases 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. Burger king 7
tenant overview [ REPRESENTATIVE PHOTOs about Guarantor/Franchisee J&A Food Service has been a pioneer in the franchise food service industry since CEO Joe Wong built his first restaurant in 1976. What started as one Burger King in the small town of Redding, CA, has since developed into a family of over 40 restaurants, spanning from Central Oregon to Southern California. The J&A Food Service family of restaurant concepts includes Burger King, Marie Callender s, Applebee s, Logan s Roadhouse, Spoon Me, View 202, Premiere Catering, and Cicada Cantina. www.bk.com In 2012, J&A Food Service branched out into developing its own concepts, beginning with an upscale casual restaurant, View 202. Formed next was J&A Food Service s full-service catering company, Premiere Catering, followed by the modern Mexican concept, Cicada Cantina, in early 2013. about Burger King Burger King operates the world s #2 hamburger chain by sales (behind McDonald s) with over 12,000 restaurants in the US and more than 85 other countries serving over 11 million guests every day. The menu includes items such as the famous Whopper burger, chicken and beef sandwiches, salads, breakfast items, along with beverages, desserts, and sides. Investment firm 3G Capital took the company privately in 2010 before taking it public again in mid-2012. Lease is Guaranteed by 13 Burger King Units 2012 GROSS revenue $1.97 Billion 2012 NET income $11.7 Million Burger king 8
location & demographics Colusa, CA Overview Colusa is the seat of Colusa County and located northwest of the Sacramento Valley. The following major highways intersect the county: I-5, Highway 99, State Route 16, State Route 45 and State Route 20. The dominant industry in the county is agriculture with rice and almonds being the major crops and accounting for 59 percent of the total agricultural output. Colusa is a destination for diverse outdoor recreational attractions and a paradise for sportsmen. Portions of five National protected areas are located within the county including Butte Sink Wildlife refuge, Colusa National Wildlife Refuge, Delevan National Wildlife Refuge, Mendocino National Forest, and Sacramento National Wildlife Refuge. Top Employers in Colusa county Colusa Casino Resort Pacific Gas & Electric Co Colusa Medical Center George T Egling Middle School Population 1-Mile 3-Mile 5-Mile 2010 6,131 7,339 7,593 2015 6,186 7,426 7,687 2020 6,319 7,600 7,868 2015 Household incomes 1-Mile 3-Mile 5-Mile Average $63,478 $65,280 $65,466 Colusa 32 min 24 miles yuba city 1 Hr 6 min 65 miles Sacramento 2 hr 10 min 121 miles downtown Colusa San Francsico Bay Area Burger king 9
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