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Premier Trade Area - Huge traffic Counts10% Rental Increases every 5 years [ www.CapitalPacific.com ]
535 Howe Avenue, Sacramento, CA 95825
[ REPRESENTATIVE PHOTO ]
Twin Peaks 20 YEar absolute Net Lease
Listing TeamContact Info
RICK [email protected] | (415) 274-2709CA BRE# 01792433
John [email protected] | (415) 274-2715CA BRE# 01440360
PROperty Summary
Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.
PRICE: $6,075,454CAP: 6.00%
RentAble SF . . . . . . . . . . . . . . . 8,798 SF
lAnd AReA . . . . . . . . . . . . . . . 0.71 Acres
ComPletion dAte . . . . . . . . . June 13, 2016
20 yEAR AbsolutE nEt lEAsE twIn PEAks In sACRAmEnto, CA
[ Surrounding area retail ]
TWIn peaks | 2
inveStment HigHligHtS
Premier trade area with surrounding area retailers including Williams Sonoma, Talbots, Bank of America, Safeway, Starbucks, and many others. There is also an
adjacent car dealership slated for major redevelopment.
Over 362,000 residents within a 5-mile radius; population growth projected in one, three, and five mile radii.
Incredible traffic counts of almost 50,000 vehicles per day on Howe Avenue.
tenAnt HigHligHtS (See PAge 9 FoR moRe detAilS)
2014 total sales of $226.8 million.
Nation’s Restaurant News “2015 Second 100” lists Twin Peaks as the number 5 fastest growing chain.
Listed in the 2014 FSR 50: Top 10 Fast-Growing, High-Performing Chains, based on year-over-year growth in sales.
oPeRAtoR/ guARAntoR (See PAge 9 FoR moRe detAilS)
Operator of over 20 restaurants throughout California and Idaho with franchise agreement plans to grow to over 40 units.
Operates numerous franchises including Popeye’s, Sonic, Black Bear Diner, Twin Peaks, AM/PM.
Net worth of over $20 million.
leASe HigHligHtS
20 -year absolute net lease
10% rental increases every 5 years throughout base term and two 5-year options
Zero landlord responsibilities - all expenses are administered directly by tenant
core characteristics
[ Surrounding area retail ]TWIn peaks | 3
aerial
Jackson Road
Pow
er
inn
Road
Wat
t Ave
nue
How
e Av
enue
Fair oaks boulevard
J Street
elvas Avenue
elvas Avenue16
50
50
CAMPUS COMMONS
GOLF COURSE
Hubert bancroft
elementary
tahoe elementary
Califronia montessori Project
gateway international School
Sierra oaks K-8
Sacramento Country day
School
PAvillion PlAZA
loeHmAnn’S PlAZA
SACRAMENTO CITY CENTER
50
28,060 DAILY49,341 DAILY
tRAFFiC CountS At tHe inteRSeCtion oF HoWe & FAiR oAKS ARe neARly 80,000 vPd
TWIn peaks | 4
AREA RETAILERS INCLUDE wILLIAM
SONOMA, TALbOTS, SAFEwAY,
SAvEMART, CvS, & MANY OThERS
photos
TWIn peaks | 5
PRICE $6,075,454 Price Per Square Foot: $690.55
Capitalization Rate: 6.00%
Total Rentable Area (SF): 8,798
Lot Size (AC)*: 0.71
STABILIZED INCOME Per Square FootScheduled Rent $41.43 $364,527
Effective Gross Income $41.43 $364,527
LESS Per Square FootTaxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
EQUALS NET OPERATING INCOME $364,527
[ REPRESENTATIVE PHOTO ]
*There is additional cross parking for the subject property. speak with agent for details.
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.
income & expense [ Surrounding area retail ]
TWIn peaks | 6
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.
rent roll
[ Surrounding area retail ]
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq. Ft. Term Current Rent
MonthlyRent
YearlyRent
MonthlyRent/FT
YearlyRent/FT
Twin Peaks 8,798 1 5 $364,527 $30,377 $364,527 $3.45 $21.00
6 10 $33,415 $400,980 $3.80 $45.58
11 15 $36,756 $441,078 $4.18 $50.13
16 20 $40,432 $485,186 $4.60 $55.15
Option 1 21 25 $44,475 $533,704 $5.06 $60.66
Option 2 26 30 $48,923 $587,075 $5.56 $66.73
Totals: 8,798 $364,527 $30,377 $364,527 $3.45 $41.43
*Projected Store opening: June 13, 2016
TWIn peaks | 7
Site PlAn Key
PARCEL OuTLINE:
BuILDING AREA: 8,798 SF
INGRESS/EGRESS:
49,3
41 d
Ail
y
site plan
This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.
How
e Av
enue
Cadillac drive
monument Sign
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tWin PeAKS
Founded in 2005 in the Dallas suburb of Lewisville, Twin Peaks was designed as a unique concept to meet the needs of an untapped market. Twin Peaks features high-quality food and ice cold draft beer served by friendly and attractive Twin Peaks Girls in a mountain sports lodge setting.
Early in 2014, Twin Peaks opened its first microbrewery, which produces several in-house beers, including Dirty Blonde and Knotty Brunette. As well as providing beer for its restaurants, Twin Peaks sells some of the canned beer at select retailers, which puts the brand in front of the general beer-drinking population.
Twin Peaks ended 2015 with 63 restaurants, 24 of which are company-owned. united states systemwide food service sales were $226.8 million in 2014, rising from $165.3 million in 2013.
About tHe guARAntoR
Norcal Cajun Foods Inc. is made up of experienced developers and restauranteurs for Popeye’s, ARCO, Twin Peaks, Black Bear Diner with a net worth of over $20 million. The guarantor operates over twenty locations throughout California and Idaho. In 2014, Norcal Cajun Foods signed a 12-unit SONIC franchisee agreement covering North and East San Francisco Bay Area.
www.twinpeaksrestaurant.com
tenant overview
[ REPRESENTATIVE PHOTO ][ REPRESENTATIVE PHOTO ]
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regional map
SACRAmento iS loCAted 90 mileS FRom tHe SAn FRAnCiSCo bAy AReA
SACRAMENTO
SAN FRANCISCOBAY AREA
90 MILES
DOWNTOWNSACRAMENTO
28,060 DAILY
49,341 DA
ILY
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About SACRAmento, CASacramento, the capital of California, is located along the Sacramento River in California’s expansive Central Valley. With a 2010 estimated population of 466,488, it is the sixth-largest city in the state.
Sacramento is the core cultural and economic center of the Sacramento Metropolitan Area which includes El Dorado, Placer, Sacramento, and Yolo counties and has a combined population of approximately 2,927,123.
California State university, Sacramento, more commonly known as Sacramento State or Sac State, is the major local university. It is one of the twenty-three campus California State university system. In addition, the university of California, Davis is located only 15 miles west.
The uC Davis Medical Center, a world-renowned research hospital, is also located in Sacramento. The city’s major employers are widely dominated by the local and state government and local health systems.
The top employers include the State of California, Sacramento County, uC Davis Health System, Kaiser Permanente, Sutter Health Sacramento City unified School District, Elk Grove unified School District, Intel, Mercy/Catholic Healthcare West, and San Juan unified School District.
location
2015 hOUSEhOLD INCOMES
POPULATION
TOP EMPLOYERS IN SACRAMENTO
1-Mile 3-Mile 5-Mile
2010 18,916 119,756 362,4422015 19,468 120,998 368,1412020 20,233 124,189 379,489
1-Mile 3-Mile 5-Mile
Average $63,784 $68,657 $60,845
Employer # of Employees*State of California 72,220Sacramento County 10,700u.S. Government 9,906uC Davis Health System 9,905*Approximate
Location & Demographics
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A unique HUMANRESULTS-DRIVEN client experience
tHe CAPitAl PACiFiC exPeRienCe - ouR dAily Commitment to ouR ClientS
[ www.CapitalPacific.com ]
bob [email protected] | (415) 274-2717 CA BRE# 00869657
RiCK [email protected] | (415) 274-2709 CA BRE# 01792433
JoHn [email protected] | (415) 274-2715 CA BRE# 01440360
[ Copyright © 2016 Capital Pacific LLC ]
Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.
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