ROSCOE BLVD VALLARTA SUPERMARKET AND ......WESTFIELD TOPANGA & THE VILLAGE ROSCOE ORANGELINE STATION 13 Top Employers # of Employees 21555 & 21627 ROSCOE BLVD. CANOGA PARK CA 1 Mile

OFFERING MEMORANDUM

21555 & 21627R O S C O E B L V D

C A N O G A P A R K , C A

ROSCOE BLVD .ROSCOE BLVD .

TWO TRIPLE NET OPPORTUNITIESTWO TRIPLE NET OPPORTUNITIES

VALLARTA SUPERMARKET AND CALGROVE RENTALSVALLARTA SUPERMARKET AND CALGROVE RENTALS

TABLE OF CONTENTS

INVESTMENT SUMMARY

INVESTMENT ANALYSIS

AREA OVERVIEW

01

02

03

Representative Photo Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2019. All rights reserved.

21555 & 21627R O S C O E B L V D .

C A N O G A P A R K , C A

3

21

55

5

&

21

62

7

RO

SC

OE

B

LV

D.

|

CA

NO

GA

P

AR

K,

CA

TO

PA

NG

A C

AN

YO

N B

LV

D.

TO

PA

NG

A C

AN

YO

N B

LV

D.

CA

NO

GA

AV

E.

CA

NO

GA

AV

E.

ROSCOE BLVD .ROSCOE BLVD .

Vallarta• Vacant Exercising First Option

Built 201121535 Roscoe Blvd.

81 Units | 103,434 RSF

Built 201421515 Roscoe Blvd.

81 Units | 103,927 RSF

21901 Roscoe Blvd.

34 Units | 28,368 RSF

21840 Schoenborn St.

19 Units | 14,724 RSF

21801-21834 Roscoe Blvd.

148 Units | 169,856 Lot Size

21721 Roscoe Blvd.

48 Units | 48,029 RSF

Calgrove Rentals

21707 Roscoe Blvd.

35 Units | 20,260 RSF

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2019. All rights reserved.

4I

NV

ES

TM

EN

T

AN

AL

YS

IS

T H E O F F E R I N G

Collier’s International is exclusively appointed by the owners to sell the property located at 21555 Roscoe Boulevard in the city of Canoga Park. The tenant Vallarta Supermarket (Dark) has been operating at this location since 1999 with a 20-year lease which will expire on December 31, 2019. In early 2019 Vallarta moved its store to a new location a few blocks away to the west on Roscoe Blvd. However, Vallarta exercised its first 5-year option which starts January 1, 2020. The property is zoned C2 & P1 with Tier 2 (TOC) and is located in opportunity zone. The lot is 2.37 Acres which makes this an ideal development opportunity. Furthermore, this property can be purchased along with the adjacent property at 21627 Roscoe Boulevard which is occupied by Calgrove Rentals.

Calgrove Rentals has occupied this location since 2017. The original term of 10+ years will expire on October 1, 2027. This property is also zoned C2 & P1 with Tier 2 (TOC) and located in opportunity zone. The lot size is 38,153 SF with a building size of 4,752 SF. The combination of these two properties can potentially lead to one of the biggest development opportunities in the San Fernando Valley. In addition, this investment allows an investor/developer to maintain a solid income while working on the entitlement of the project(s).

V A L L A R TA S U P E R M A R K E T

C A L G R O V E R E N TA L S

5

21

55

5

&

21

62

7

RO

SC

OE

B

LV

D.

|

CA

NO

GA

P

AR

K,

CA

Canoga ParkCanoga ParkWinnetkaWinnetka

Warner CenterWarner Center

ChatsworthChatsworth

Woodland HillsWoodland Hills

C I T Y H I G H L I G H T S

• Roscoe Orange Line Station

• Westfield Topanga & The Village

• Warner Center

• Pierce College

• Home Depot

• Triple Net Leases

• Huge Lots - 103,310 SF and 38,153 SF

• Zoned C2 & P1

• Located in an Opportunity Zone

• Located in Transit Priority Area

• TOC - Tier 2

• Potential +/- 379 Unit Apartment Project

I N V E S T M E N T H I G H L I G H T S


I N V E S T M E N T S U M M A R Y

BUILDING INFORMATION

Property Address: 21555 Roscoe Blvd. Canoga Park, CA 91304

Price: $12,000,000

Cap Rate: 3.5%

Tenant: VALLARTA SUPERMARKET (DARK)

Year Built: 1999

Building SF: 26,087 SF

Price Per SF: $460.00

Lot Size: 103,310 SF (2.37 Acres)

APN: 2779-036-022

Zoning: C2 68,730 SF & P1 34,580 SF

Original Term: 20 Years

Current Rent: $35,000/Month Starting 1/1/2020

Lease Commencement: January 1, 1999

Lease Expiration: December 31, 2019

Lease Remaining: 4 x 5-Year Options

TOC: Tier 2

Opportunity Zone: Yes


6I

NV

ES

TM

EN

T

AN

AL

YS

IS

7

21

55

5

&

21

62

7

RO

SC

OE

B

LV

D.

|

CA

NO

GA

P

AR

K,

CA

I N V E S T M E N T O V E R V I E W

LEASE SUMMARY

Tenant: VALLARTA SUPERMARKET

Lease Commencement: January 1, 1999

Lease Expiration: December 31, 2019

Lease Remaining: Starting 1st Option on January 1, 2020

Renewal Options: 4x 5-Year Options

Rent Increases: Year 6 and Options

Lease Type: Absolute Triple Net

Use: Retail Supermarket

Property Taxes: Tenant Responsible

Insurance: Tenant Responsible

Common Area: Tenant Responsible

Roof & Structure: Tenant Responsible

Repairs & Maintenance: Tenant Responsible

HVAC: Tenant Responsible

Utilities: Tenant Responsible


RENT ROLL

Base Rent - Year 1 - 5 $20,000/month

Year 6 - 10 $25,000/month

Year 11 through 20 $26,000/month

Option 21 - 25 $35,000/month

Option Year 26-39 Market Rent

I N V E S T M E N T S U M M A R Y

BUILDING INFORMATION

Property Address: 21627 Roscoe Blvd., Canoga Park, CA 91304

Price: $4,000,000

Cap Rate: 4.9%

Tenant: CALGROVE RENTALS

Year Built: 1969

Building SF: 4,752 SF

Price Per SF $841.75

Lot Size: 38,153 SF (0.88 Acres)

APN: 2779-036-001

Zoning: C2 26,215 SF & P1 11,938

Original Term: 10 Years and 8 months

Current Rent: 16,443.95/month

Lease Commencement: March 1, 2017

Lease Expiration: October 1, 2027

Lease Remaining: 8+ Years of the Original Term

TOC Tier 2

Opportunity Zone Yes Tenant has the First Right of Refusal


8I

NV

ES

TM

EN

T

AN

AL

YS

IS

9

21

55

5

&

21

62

7

RO

SC

OE

B

LV

D.

|

CA

NO

GA

P

AR

K,

CA

I N V E S T M E N T O V E R V I E W

LEASE SUMMARY

Tenant: CALGROVE RENTALS

Lease Commencement: March 1, 2017

Lease Expiration October 1, 2027

Lease Remaining: 8+ Years of the Original Term

Renewal Options: 2 x 5-Year Options

Rent Increases: 3% Annually

Lease Type: Absolute Triple Net

Use: Retail / Auto Dealership

Property Taxes: Tenant Responsible

Insurance: Tenant Responsible

Common Area: Tenant Responsible

Roof & Structure: Tenant Responsible

Repairs & Maintenance: Tenant Responsible

HVAC: Tenant Responsible

Utilities: Tenant Responsible


RENT ROLL

Base Rent $15,500/month

Current Rent $16,443.95/month

Rent Increases 3% Annually of the Original Term

Year 12 Fair Market Value no less than 103% 0f Base Rent

Year 13-16 3% Increase Annually

Year 17 Fair Market Value no less than 103% of Base Rent in Lease Year 16

Year 18-21 3% Increase Annually

Vallarta Supermarkets Inc. is an American supermarket chain. It is based in Sylmar, Los Angeles, California, and as of November 2016 had 50 locations in California. The chain caters to the growing Latino population of California and sells items usually not found in more Anglo-oriented American supermarkets. The chain has stores primarily in southern California, but has recently expanded northward with three sites in Fresno. The company employs approximately 8,000 employees. Vallarta Supermarkets intends to positively impact 100 communities by the year 2030. That means opening new stores at a rate of 3 locations per year. As the business has grown, great customer service and providing the highest quality products at great prices has remained their constant goal. For over 25 years Vallarta Supermarkets has maintained an image character-ized by family values, service, cleanliness, beautiful decor, a pleasant shopping ambiance and a large variety of products in all departments. Vallarta Supermarkets offers its clientele exceptional quality, outstanding service and great prices that keep them coming back to the stores. The Gonzalez partners meet weekly to discuss business strategies and how to continue improving customer service.

W E B S I T E :F O U N D E D :N U M B E R O F L O C AT I O N S :

W W W . VA L L A R TA S U P E R M A R K E T S . C O M1 9 8 55 0


10I

NV

ES

TM

EN

T

AN

AL

YS

IS

11

21

55

5

&

21

62

7

RO

SC

OE

B

LV

D.

|

CA

NO

GA

P

AR

K,

CA

Calgrove Equipment Rentals started at a lot on the 5 Freeway exiting Calgrove Blvd. with a couple of bobcat skid steers. Thanks to our loyal customers’ help and the will to proceed with quality equipment and one-on-one relationships, they grew the family business with a fleet that would help meet your rental needs. Every day, they practice on fully perfecting the rental experience. From your first phone call to the office to the delivery at the job site, they are a hundred percent devoted.

Calgrove is a family owned and operated rental yard that prides itself on quality equipment and supreme service. While they are not the only rental equipment business in Southern California, but they are the only one that will go the extra mile for the success of our customers.

They providing a wide selection of quality equipment & Supplies such as:Excavators, skid steer, high reach equipment, and other high-powered machines are essential to any commercial contractors, especially those in the construction industry.

W E B S I T E :F O U N D E D :N U M B E R O F L O C AT I O N S :

W W W . C A L G R O V E R E N TA L S . C O M2 0 0 43

12A

RE

A

OV

ER

VI

EW

C I T Y O V E R V I E W

Canoga Park is a unique whirlwind when it comes to community, diversity, conveniences, and atmosphere. With great public schools and numerous community parks, Canoga Park offers a family-friendly environment many residents appreciate.

Canoga Park is an urban area in the San Fernando Valley region of Los Angeles, and is just 26 miles northwest of Downtown LA, a 35-minute commute by car. With great proximity to LA and everything that surrounds it, Canoga Park remains a nice reprieve from the hustle and bustle of big city living. Though the city is highly populated, the suburban feel makes this city feel like home.

Various restaurants and retailers reside around town, but Canoga Park is mainly residential. However, at the south end of town, you’ll find the best of the best when it comes to shopping and dining at Westfield Topanga!


Ca n

o ga

Av e

. To p a n g a Ca n y o n B

l v d

WARNER CENTER

Subject Property

ROSCOE ORANGELINE STATION

WESTFIELD TOPANGA & THE VILLAGE

ROSCOE ORANGELINE STATION

13

21

55

5

&

21

62

7

RO

SC

OE

B

LV

D.

|

CA

NO

GA

P

AR

K,

CA

Top Employers # of Employees1 Mile 3 Miles 5 Miles

Office/Administrative Support 2,549 12,914 27,752Sales/Related 2,216 11,482 24,454Food Preparation/Serving Related 2,073 7,118 12,476Management 1,506 10,326 24,736Production 1,325 4,559 8,306Construction/Extraction 1,307 5,788 10,287Building/Grounds Cleaning/Maintenance 1,288 5,927 9,945Transportation/Material Moving 1,233 4,571 8,760Personal Care/Service 1,179 6,138 12,314Education/Training/Library 954 4,951 11,330

Population 1 mile 3 miles 5 miles

Total Population 40,666 205,066 432,315

Male 49.62% 49.61% 49.20%

Female 50.38% 50.39% 50.80%

Race & Ethnicity 1 mile 3 miles 5 miles

White 45.12% 50.77% 55.36%

Black 6.20% 5.37% 5.20%

American Indian / Alaska Native 0.81% 0.56% 0.52%

Asian 15.39% 16.69% 15.73%

Hawaiian / Pacific Islander 0.19% 0.13% 0.14%

Other 27.25% 20.98% 17.46%

Two or More Races 5.04% 5.50% 5.59%

Income 1 miles 3 miles 5 miles

Average Household Income $81,788 $97,964 $108,138

Median Household Income $61,476 $74,175 $77,571

Housing 1 mile 3 miles 5 miles

Median Housing Value $527,056 $574,626 $642,858

Median Year Structure Built 1971 1971 1971

Owner Occupied 39.85% 51.35% 56.31%

Renter Occupied 60.15% 48.65% 43.69%

D E M O G R A P H I C S


CANOGA PARK LIBRARY

Colliers International 16830 Ventura Boulevard | Suite J

Encino, CA 91436 | United States colliers.com/greaterlosangeles

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved.

Reza GhobadiSenior Vice President Lic. 01780045+1 818 325 [email protected]

Jared PapazianAssociate Lic. 02018676+1 818 325 [email protected]

Tony SameyahAssociate Lic. 02015965+1 818 325 [email protected]

Documents

ROSCOE BLVD VALLARTA SUPERMARKET AND ......WESTFIELD TOPANGA & THE VILLAGE ROSCOE ORANGELINE STATION 13 Top Employers # of Employees 21555 & 21627 ROSCOE BLVD. CANOGA PARK CA 1 Mile