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HOLLISTER, CA
Jack In The Box(Corporate)
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.
HOLLISTER, CA
Jack In The Box (Corporate)
Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) 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 M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, 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 YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
NON-ENDORSEMENT NOTICE
NET LEASED DISCLAIMER
Jack In The Box (Corporate)HOLLISTER, CA
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
Section 1 PRICING AND FINANCIAL ANALYSIS
Section 2 PROPERTY DESCRIPTION
Section 3 RECENT SALES
Section 4 IN ESCROW COMPARABLES
Section 5 DEMOGRAPHIC ANALYSIS
TABLE OF CONTENTS
Jack In The Box (Corporate)
Jack In The Box (Corporate)HOLLISTER, CA
PRICING AND FINANCIAL ANALYSIS
Annualized Operating Data
391 McCray StreetHollister, CA 95023
Price $2,794,000
Down Payment 100% / $2,794,000
Rentable Square Feet 3,769
Price/SF $741.31
CAP Rate 5.00%
Year Built 1997
Lot Size 0.73 Acres
Type of Ownership Fee Simple
Location
Rent Increases Annual Rent Monthly
Current (1) $137,103.00 $11,425.25
January 2015 - January 2025 $139,740.00 $11,645.00
January 2025 - January 2030 $153,714.00 $12,809.50
January 2030 - January 2035 $169,085.40 $14,090.45
January 2035 - January 2040 $185,994.00 $15,499.50
January 2040 - January 2045 $204,593.33 $17,049.44
Base Rent ($37.08/SF) $139,740
Net Operating Income $139,740
Total Return 5.00% / $139,740
1
Tenant Trade Name Jack In The Box
Ownership Public
Tenant Corporate Store
Lease Guarantor Corporate Guarantee
Lease Type Triple Net (NNN)
Roof and Structure Tenant Responsible
Lease Term 18 Years
Lease Commencement 1/22/1997
Rent Commencement 1/22/1997
Lease Expiration Date 1/22/2025
Term Remaining on 11 Years
Increases 10% every five years in
Options Four, Five year
PRICING AND FINANCIAL ANALYSIS
Jack In The Box (Corporate)HOLLISTER, CA
Tenant Summary
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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
(1) Seller will guarantee annual rent of $139,740 until 1/22/2015
***Strong store sales of over $2,274,000 (6.15 percent rent/sales ratio)
FINANCIAL OVERVIEW
2
PRICING AND FINANCIAL ANALYSIS
Jack In The Box (Corporate)HOLLISTER, CA
Property Name Jack In The Box (Corporate)
Property Address 391 McCray Street
Hollister, CA 95023
Property Type Net Leased Restaurant Fast Food
Rentable Square Feet 3,769
Tenant Trade Name Jack In The Box
Ownership Public
Tenant Corporate Store
Sales Volume $1.55 Billion in 2012 Sales
Net Worth $1.80 Billion Market Value
Lease Guarantor Corporate Guarantee
Stock Symbol JACK
Board NASDAQ
Rank Ranked 849th in Fortune 1,000 in May 2013
Lease Commencement Date 1/22/1997
Rent Commencement Date 1/22/1997
Lease Expiration Date 1/22/2025
Term Remaining on Lease 11 Years
Lease Type Triple Net (NNN)
Roof and Structure Tenant Responsible
Lease Term 18 Years
Year 1 Net Operating Income $139,740
Increases 10% every five years in options
Options to Renew Four, Five year
Options to Terminate None
First Right of Refusal Yes
No. of Locations 2,250+
Headquartered San Diego, California
Web Site www.jackinthebox.com
Years in the Business 62+ Years
Other Concepts Owned Qdoba Restaurant
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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
TENANT OVERVIEW
Jack In The Box (Corporate)HOLLISTER, CA
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to offer the sale of a Corporate Jack in the Box restaurant located in Hollister, California. The property is guaranteed by Jack in the Box Corporate (NASDAQ: JACK) with 11 years remaining on the lease. Jack in the Box recently executed a 10 year extension with one year remaining on the lease that has resulted in an 11 year term with four, five year options to renew. Jack in the Box has been operating at this location since 1997 and has shown strong store sales of over $2,274,000, a 6.15 percent rent to sales ratio in 2013.
This Jack in the Box is a 3,769 square foot drive thru restaurant located on a 31,798 square foot lot. Jack in the Box is located on the signalized intersection of McCray Street and Meridian Street and boasts an average traffic count of 23,387 vehicles per day. Jack in the Box is located within a Big 5 Sporting Goods, Save Mart Supermarket, AutoZone and KFC anchored center.
Jack in the Box Inc. is based in San Diego, California with more than 2,250 restaurants in 21 states and Qdoba Mexican Grill, a leader in fast-casual dining with over 600 restaurants in 46 states, the District of Columbia and Canada. Jack in the Box has a net worth in excess of $412 million.
The city of Hollister is located in California’s central coast region about 100 miles southeast of San Francisco and 40 miles east of Monterey. It has a blend of older and newer homes, tree lined streets, good schools and numerous parks. The city of Hollister maintains its heritage of agriculture and cattle ranching ambiance while encouraging new businesses to locate in Hollister by creating a business friendly environment. Hollister, while being one of the fastest growing communities in California during the past decade, still maintains the quality of living that has brought people here from around the world.
Investment Highlights
■ Corporate Triple Net Lease with Jack in the Box – NetWorth in Excess of $412 Million
■ Original Lease Started in 1997- Tenant Has Executed a New11 Year Lease
■ Absolute Net Lease – No Landlord Responsibility
■ Median Household Income Within the Market is $64,580Which is Approximately $10,000 Higher Than the UnitedStates Average
4
PROPERTY DESCRIPTION
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
INVESTMENT OVERVIEW
Local Map Regional Map
5
PROPERTY DESCRIPTION
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
AREA MAPS
6
PROPERTY DESCRIPTION
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
AERIAL PHOTO
7
PROPERTY DESCRIPTION
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
AERIAL PHOTO
Demographics One Mile Three Miles Five Miles
Population 15,491 42,110 46,972
Households 4,473 12,038 13,860
Average Household Income $67,738 $78,529 $81,735
Jack In The Box (Corporate)HOLLISTER, CA
RECENT SALES
1)
2)
3)
4)
5)
6)
Jack In The Box (Corporate)
770 Ramona Expressway
1900 Mission Avenue
1051 Willow Pass Court
4128 Norwood Avenue
1900 West 6th Street
1551 East 4th Street
9
RECENT SALES
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
RECENT SALES MAP
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1,000.00
1,200.00
1,400.00
Subject 770Ramona
Expressway
1900MissionAvenue
1051WillowPassCourt
4128NorwoodAvenue
1900West6th
Street
1551East4th
Street
0.00
0.40
0.80
1.20
1.60
2.00
2.40
2.80
3.20
3.60
4.00
4.40
4.80
Subject 770Ramona
Expressway
1900MissionAvenue
1051WillowPassCourt
4128NorwoodAvenue
1900West6th
Street
1551East4th
Street
Average Price per Square Foot
10
RECENT SALES
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
CAP RATE AND PRICE PER SQUARE FOOT
1
2
Subject Property
Jack In The Box (Corporate)
391 McCray Street
Hollister, CA 95023
770 Ramona Expressway
San Jacinto, CA 92582
1900 Mission Avenue
Oceanside, CA 92058
CommentsThis Jack in the Box has 17 years remaining on the initial term and is a free standing building.
Comments
This Jack in the Box has 14 years remaining on the initial term and is a free standing building located on a signalized corner.
Close of Escrow: 5/9/2013 Sales Price: $2,250,000
Rentable SF: 2,850 Down Payment: 100%
Year Built: 1993 CAP Rate: 5.10%
Price/SF: $789.47
Close of Escrow: 2/24/2014 Sales Price: $2,850,000
Rentable SF: 2,499 Down Payment: 100%
Year Built: 2011 CAP Rate: 4.17%
Price/SF: $1,140.46
11
Rentable Square Feet: 3,769 Sales Price: $2,794,000
Year Built: 1997 Down Payment: $2,794,000
CAP Rate: 5.00%
Price/SF: $741.31
RECENT SALES
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
RECENT SALES
3
4
5
1051 Willow Pass Court
Concord, CA 94520
4128 Norwood Avenue
Sacramento, CA 95838
1900 West 6th Street
Los Angeles, CA 90057
Comments
This Jack in the Box has 12 years remaining on the initial term and is a free standing building on a mid-block location near a freeway off
ramp.
Comments
This Jack in the Box has 15 years remaining on the initial term and is a free standing building located on a signalized corner.
Comments
This Jack in the Box has 20 years remaining on the initial term and is a free standing building on a mid-block location.
Close of Escrow: 8/9/2013 Sales Price: $3,275,000
Rentable SF: 2,390 Down Payment: 100%
Year Built: 2008 CAP Rate: 5.04%
Price/SF: $1,370.29
Close of Escrow: 2/7/2014 Sales Price: $2,850,000
Rentable SF: 2,473 Down Payment: 100%
Year Built: 1989 CAP Rate: 4.39%
Price/SF: $1,152.45
12
RECENT SALES
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
Close of Escrow: 5/15/2013 Sales Price: $2,400,000
Rentable SF: 2,378 Down Payment: 100%
Year Built: CAP Rate: 5.00%
Price/SF: $1,009.25
RECENT SALES
6
1551 East 4th Street
Ontario, CA 91764
CommentsThis Jack in the Box has 10 years remaining on the initial term with no increases in the rent until the options. The property is a free
standing building on a mid-block location.
Close of Escrow: 11/19/2013 Sales Price: $1,620,000
Rentable SF: 2,030 Down Payment: 100%
Year Built: 1975 CAP Rate: 4.32%
Price/SF: $789.03
13
RECENT SALES
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
RECENT SALES
Jack In The Box (Corporate)HOLLISTER, CA
IN ESCROW COMPARABLES
1)
2)
Jack In The Box (Corporate)
20168 US Highway 18 North
11780 Ramona Boulevard
15
IN ESCROW COMPARABLES
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
IN ESCROW COMPARABLES MAP
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800.00
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Subject 20168US
Highway18
North
11780Ramona
Boulevard
0.00
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0.80
1.20
1.60
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2.40
2.80
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Subject 20168US
Highway18
North
11780Ramona
Boulevard
Average Price per Square Foot
16
IN ESCROW COMPARABLES
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
CAP RATE AND PRICE PER SQUARE FOOT
2
1
Jack In The Box (Corporate)
391 McCray Street
Hollister, CA 95023
20168 US Highway 18 North
Apple Valley, CA 92307
11780 Ramona Boulevard
El Monte, CA 91732
CommentsThis Jack in the Box has 10 years remaining on the initial term and is a free standing building located on a signalized corner within a CVS
anchored center.
CommentsThis Jack in the Box has 9.5 years remaining on the initial term and is a free standing building located on a signalized corner.
Subject Property
Close of Escrow: In Escrow List Price: $2,444,000
Rentable SF: 2,640 Down Payment: 100%
Year Built: 1995 CAP Rate: 4.50%
Price/SF: $926.00
Close of Escrow: In Escrow List Price: $2,283,608
Rentable SF: 2,684 Down Payment: 100%
Year Built: 2005 CAP Rate: 4.85%
Price/SF: $851.00
17
IN ESCROW COMPARABLES
Rentable Square Feet: 3,769 Sale Price: $2,794,000
Year Built: 1997 Down Payment: $2,794,000
CAP Rate: 5.00%
Price/SF: $741.31
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
IN ESCROW COMPARABLES
Jack In The Box (Corporate)HOLLISTER, CA
DEMOGRAPHIC ANALYSIS
1 Mile 3 Miles 5 Miles
2000 Population 15,042 39,716 44,026
2010 Population 15,185 41,386 45,959
2013 Population 15,491 42,110 46,972
2018 Population 15,715 42,736 47,841
2000 Households 4,290 11,294 12,859
2010 Households 4,359 11,784 13,506
2013 Households 4,473 12,038 13,860
2018 Households 4,652 12,400 14,350
2013 Average Household Size 3.46 3.44 3.34
2013 Daytime Population 4,242 9,733 10,787
2000 Median Housing Value $273,981 $275,761 $282,635
2000 Owner Occupied Housing Units 61.52% 66.06% 67.21%
2000 Renter Occupied Housing Units 35.91% 31.70% 30.21%
2000 Vacant 2.59% 2.51% 2.76%
2013 Owner Occupied Housing Units 48.21% 60.45% 62.77%
2013 Renter Occupied Housing Units 51.79% 39.55% 37.23%
2013 Vacant 2.32% 2.43% 2.37%
2018 Owner Occupied Housing Units 47.81% 60.10% 62.61%
2018 Renter Occupied Housing Units 52.19% 39.90% 37.39%
2018 Vacant 2.21% 2.37% 2.26%
$ 0 - $14,999 12.9% 9.9% 9.3%
$ 15,000 - $24,999 11.8% 9.1% 8.8%
$ 25,000 - $34,999 9.7% 8.2% 8.0%
$ 35,000 - $49,999 13.6% 13.2% 12.7%
$ 50,000 - $74,999 19.2% 18.4% 18.0%
$ 75,000 - $99,999 12.9% 14.8% 15.0%
$100,000 - $124,999 8.9% 11.9% 12.0%
$125,000 - $149,999 4.8% 6.1% 6.7%
$150,000 - $199,999 3.7% 5.3% 5.7%
$200,000 - $249,999 1.2% 1.4% 1.7%
$250,000 + 1.3% 1.8% 2.0%
2013 Median Household Income $52,842 $62,309 $64,580
2013 Per Capita Income $19,565 $22,534 $24,209
2013 Average Household Income $67,738 $78,529 $81,735
Demographic data © 2012 by Experian.
19
DEMOGRAPHIC ANALYSIS
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
DEMOGRAPHIC REPORT
Geography: 5 Miles
Population
In 2013, the population in your selected geography was 46,972. The population has changed by 6.69% since 2000. It is estimated
that the population in your area will be 47,841 five years from now, which represents a change of 1.85% from the current year. The
current population is 49.9% male and 50.0% female. The median age of the population in your area is 33.5, compare this to the U.S.
average which is 37. The population density in your area is 301.33 people per square mile.
Households
There are currently 13,860 households in your selected geography. The number of households has changed by 7.78% since 2000. It
is estimated that the number of households in your area will be 14,350 five years from now, which represents a change of 3.53%
from the current year. The average household size in your area is 3.33 persons.
Income
In 2013, the median household income for your selected geography is $64,580, compare this to the U.S. average which is currently
$53,535. The median household income for your area has changed by 9.25% since 2000. It is estimated that the median household
income in your area will be $76,180 five years from now, which represents a change of 17.96% from the current year.
The current year per capita income in your area is $24,209, compare this to the U.S. average, which is $28,888. The current year
average household income in your area is $81,735, 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: 62.28% White, 1.05% African American, 1.55% Native American
and 2.90% 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 60.97% of the current year
population in your selected area. Compare this to the U.S. average of 16.55%.
Housing
The median housing value in your area was $282,635 in 2000, compare this to the U.S. average of $110,781 for the same year. In
2000, there were 8,885 owner occupied housing units in your area and there were 3,994 renter occupied housing units in your area.
The median rent at the time was $700.
Employment
In 2013, there are 10,787 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed
that 55.8% of employees are employed in white-collar occupations in this geography, and 44.1% are employed in blue-collar
occupations. In 2013, unemployment in this area is 9.77%. In 2000, the median time traveled to work was 25.3 minutes.
Demographic data © 2012 by Experian.
20
DEMOGRAPHIC ANALYSIS
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
SUMMARY REPORT
Two-way, average daily traffic volumes.Traffic Count data © 2012 by TrafficMetrix. All rights reserved.
21
DEMOGRAPHIC ANALYSIS
Jack In The Box (Corporate)HOLLISTER, 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 Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2014 Marcus & Millichap V0080214
TRAFFIC COUNTS
* Traffic Count Estimate
Average Daily Traffic Counts
4th Street- 8,777 Vehicles per Day (2008)
Santa Ana Road- 5,133 Vehicles per Day (2008)
San Benito Street- 21,000 Vehicles per Day (2008)
HOLLISTER, CA
OFFERING MEMORANDUM
Jack In The Box (Corporate)
Offices Nationwide
www.MarcusMillichap.com
Exclusively Listed By:
Kevin LeAssociate
Associate Member, National Retail GroupOntario Office
License: CA: 01511997Tel: (909)456-7006Fax: (909)456-3410
[email protected]/KevinLe