starbucks recently extended lease for ten years after ten years at this location [ www.CapitalPacific.com ]

northern california Starbucks pad A two tenant retail property

510 Bogue Rd., Yuba City, CA 95993

RentABle SF . . . . . . . . . . . . . . . 3,000 SF

lAnd AReA . . . . . . . . . . . . . . . . 0 .61 Acres (26,571 SF)

YeAR BUIlt . . . . . . . . . . . . . . . 2006

OCCUPAnCY . . . . . . . . . . . . . . . 100%

tenAntS . . . . . . . . . . . . . . . . . Starbucks & York’s

PRICE: $2,146,000CAP: 5.00%

Listing TeamContact Info

Dave Lucasdlucas@capitalpacific .com | (415) 274-7390CA BRE# 01389761

PROperty Summary

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TROPHY STARBUCKS TwO TEnAnT BUIldIng AT HIgH TRAffIC CORnER In dESIRABlE nORTHERn CAlIfORnIA. nEwlY REnOvATEd, HIgH vOlUmE STARBUCKS, fAnTASTIC TRAffIC COUnTS & STROng RETAIl SYnERgY. STARBUCKS jUST SIgnEd A 10 YEAR lEASE ExTEnSIOn.

Starbucks has been at this location since 2005.

yuba city StarbuckS | 2

THE SUBjECT PROPERTY IS A PAd wITHIn A gROCERY AnCHOREd nEIgHBORHOOd SHOPPIng CEnTER, wITH lImITEd COmPETITIOn In THE SURROUndIng AREA.

lOng-teRm CORPORAte tenAnt The corporate Starbucks store has been in its location since 2005 . Starbucks has recently exercised its two consecutive 5 year options, which extend the term of the lease for an additional ten years commencing on May 1, 2016 . There is a 12% rent increase every five years on the Starbucks lease .

hIgh tRAFFIC COUntS The site is located on the intersection of Bogue Rd ., (17,410 VPD) and Garden Hwy, (11,450 VPD) . Highway 99 is a mile west of the site and has 32,500 VPD .

exCellent ACCeSS And vISIBIlItYThe subject property is located at a signalized intersection of Garden Hwy and Bogue Rd . The site has prominent visibility from both roads and outstanding ingress/egress . There is dedicated left hand turn access into the site from Bogue Rd .

SmAll FORmAt gROCeRY AnChORed CenteRCenter is anchored by a 10,000 SF small format grocery store/Chevron Station .

Well mAIntAIned & ReCent CAPItAl ImPROvementSThe attractive, 2006 construction offers tremendous curb appeal and a handsome building facade . The building was recently improved with aesthetic updates including new high quality Evershield paint, with redesigned color palette, stone tile, landscaping, improvements and new parking lot sealing and striping . A new monument sign is to be installed in the second quarter of 2016 .

exCellent RetAIl lOCAtIOn WIth lImIted COmPetItIOnLocated at the southwest corner of Garden Hwy and Bogue Rd, the subject property serves a dense residential population in the southeast quadrant of Yuba City with limited retail competition in the surrounding area .

118,961 Residents within a 5-mile radius of the subject property

core characteristics

yuba city StarbuckS | 3

Aerial

Colusa highway

golden State highway

garden highway

Bogu

e Ro

ad

Bogue Road

linc

oln

Road

Fran

klin

Roa

d

Franklin Avenue

9999

20

20SUTTER COUNTY

AIRPORT

Park Avenue elementary

Riverbend elementary

Butte vista elementary

Bridge Street elementary

St. Isadore Catholic School

Yuba City Charter School

gray Avenue middle Schoollincrest

elementary

lincoln elementary

Andros Karperos School

Yuba City high School

River valley high School

YUBA SUtteR mAll

YUBA CItY mARKetPlACe

SACRAMENTO

99

17,410 DAILY

RetAIl OASIS lOCAtIOn WIth lImIted RetAIl COmPetItIOn In the SURROUndIng AReA

yuba city StarbuckS | 4

hESPERIAN CENTER

StARBUCKS IS lOCAted On BOgUe Rd WIth 17,410 vPd And IS One mIle FROm hIghWAY 99 WIth 32,500 vPd

32,5

00 D

AIL

Y

99

99

traffic counts

BOGUE ROAD

17,410 DAILY

GARDEN hW

Y11,450 D

AILY

tRAFFIC COUntS

Bogue Rd: 14,410 VPD

Highway 99: 32,500 VPD

Garden Hwy: 11,450 VPD

yuba city StarbuckS | 5

site plan

Bogue Road

gard

en h

ighw

ay

mOnUment SIgn

NOT A PART

SIte PlAn KeYPARCEL LinES:

SuBjECT PRoPERTY:

BuiLDinG AREA: 3,000 SF

inGRESS/EGRESS:

17,410 dAIlY

LOI PENDING

Shan

ghai

Res

taur

ant

11,4

50 d

AIl

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ven

US n

AIlS

Unde

R lO

I

Unde

R lO

I

Unde

R lO

I

vACA

nt

+/- 1

,503

SF

yuba city StarbuckS | 6

income & expense

CurrentCurrentCurrentCurrent

Price: $2,146,000

Capitalization Rate: 5.00%

Price Per Square Foot: $715.33

Down Payment 50% $1,073,000

Loan Amount 50% $1,073,000

Total Leased (SF): 100.00% 3,000

Total Vacant (SF): 0.00% 0

Total Rentable Area (SF): 100.00% 3,000

INCOMEINCOMEINCOMEINCOME Per Square FootPer Square FootPer Square FootPer Square FootScheduled Rent* $35.76 $107,280

Estimated Recovery $6.00 $18,000

EFFECTIVE GROSS INCOMEEFFECTIVE GROSS INCOMEEFFECTIVE GROSS INCOMEEFFECTIVE GROSS INCOME $125,280$125,280$125,280$125,280Market Vacancy Reserve (0%) $0

ADJUSTED GROSS INCOMEADJUSTED GROSS INCOMEADJUSTED GROSS INCOMEADJUSTED GROSS INCOME $125,280$125,280$125,280$125,280

TOTAL OPERATING EXPENSESTOTAL OPERATING EXPENSESTOTAL OPERATING EXPENSESTOTAL OPERATING EXPENSES ($18,000)($18,000)($18,000)($18,000)Property taxes NNN

Insurance NNN

Common Area Expenses NNN

NET OPERATING INCOMENET OPERATING INCOMENET OPERATING INCOMENET OPERATING INCOME $107,280$107,280$107,280$107,280

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.

yuba city StarbuckS | 7

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 roll100%LeaSed untiL

mid 2021

COMMENTS

Tenant Sq. Ft. Percent of Lot Monthly RentAnnual

RentRent/FT/YR Comments

Starbucks (corporate) 1,800 60.00% 05/01/05 04/30/26 $5,940.00 $71,280.00 $39.60

Increase 05/01/21 04/30/26 $6,652.50 $79,830.00 $44.35

Option 1 05/01/26 04/30/31 $7,450.50 $89,406.00 $49.67

Option 2 05/01/31 04/30/36 $8,346.00 $100,152.00 $55.64

Option 3 05/01/36 04/30/41 $9,346.50 $112,158.00 $62.31

Option 4 05/01/41 04/30/46 $10,468.50 $125,622.00 $69.79

Yorks Yummies 1,200 40.00% 03/27/15 08/31/21 $3,000.00 $36,000.00 $30.00

Increase 09/01/17 08/31/18 $3,075.00 $36,900.00 $30.75

Increase 09/01/18 08/31/19 $3,150.00 $37,822.50 $31.52

Increase 09/01/19 08/31/20 $3,230.00 $38,768.06 $32.31

Increase 09/01/20 08/31/21 $3,320.00 $39,737.26 $33.11

Current Totals: 3,000 100.00%

Occupied 3,000 100.00% Monthly Rent : $8,940.00

Vacant 0 0.00% Annual Rent: $107,280.00

Net Lease

Net Lease

RENTal RatesLEASE TERMS

Term

12%rent increaSe in

2021 and in the optionS

yuba city StarbuckS | 8

York’s Yummies is a local sandwich and soup shop . They offer a variety of delicious sandwiches, salads and hot soups for either sit-down dining or to-go . They get all their produce from the local farmer’s market and SYSCo . York’s Yummies also offers catering services for all sorts of groups, from young kids to teens and adults .

tenants

The world’s #1 specialty coffee retailer, Starbucks has more than 12,521 coffee shops in the uS . The outlets offer coffee drinks and food items, as well as roasted beans, coffee accessories, and teas . Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products . Starbucks plans to continue its rapid expansion of retail operations, grow its specialty sales, and selectively pursue opportunities to leverage the Starbucks brand through the introduction of new products and the development of new distribution channels .

gROSS RevenUe$19.1 Billion

net InCOme $2.76 Billion

yuba city StarbuckS | 9

photos

Subject property is a part of a larger grocery anchored

center

yuba city StarbuckS | 10

regional map

Yuba City Location

23,2

00 D

AIL

YSAn FRAnCiSCo

BAY AREA

SACRAMEnTo

YuBA CiTY

48 Min42 MiLES

tRAFFIC COUntS In exCeSS OF 17,000 vPd On BOgUe Rd.

yuba city StarbuckS | 11

YUBA CItY, CA

Yuba City is the seat of Sutter County in northern California and the principal city of the Yuba City Metropolitan Statistical Area, which has a total population of 164,138 (the 21st largest metropolitan area in CA) .

The top industries in the city include retail, healthcare and agriculture . Sunsweet Growers incorporated, the largest dried fruit processing plant in the world is located here and is one of the city’s top employers .

SACRAmentO, CA

Yuba City is also only 45 minutes from Sacramento, the capital of California, the sixth-largest city in the state and the 35th largest city in the united States .

The urban Sacramento area has a population of 1 .44 million while the Sacramento metropolitan area -- which includes seven counties -- has an estimated population of 2 .66 million .

Government and transportation are key sectors of the economy . Technology-related companies such as intel and Hewlett-Packard have increasingly been drawn to Sacramento based on proximity to research centers and a well-educated labor pool . other economic drivers include health services, hospitality, education & construction .

2015 hOUSEhOLD INCOMES

1-Mile 3-Mile 5-Mile

2010 11,104 51,991 116,7482015 11,011 52,237 118,9612020 11,004 52,674 121,524

1-Mile 3-Mile 5-Mile

Average $73,699 $62,449 $59,880

POPULATION

Employer # of Employees*Fremont-Rideout Health Group 1,850Yuba City unified School District 1,316Sutter County 970Sunsweet Growers 670*Approximate

TOP EMPLOYERS IN YUBA CITY

location

yuba city StarbuckS | 12

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[ www.CapitalPacific.com ]

dAve lUCASdlucas@capitalpacific .com | (415) 274-7390 CA BRE# 01389761

[ Copyright © 2016 Capital Pacific ]

Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .

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