Post on 31-Mar-2021
Offering MemorandumOffering Memorandum
AUTOMOTIVE TIRE CENTERAUTOMOTIVE TIRE CENTERAUTOMOTIVE TIRE CENTERAUTOMOTIVE TIRE CENTER4500 Auburn Blvd • Sacramento, CA 958414500 Auburn Blvd • Sacramento, CA 95841
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C EN O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe 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 andshould 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, unverifiedshould 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, unverifiedinformation 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 duediligence 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, thefuture 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 orasbestos, 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 anytenant'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 bereliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures toverify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap 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 orname is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or anyagent, product, service, or commercial listing of Marcus & Millichap, 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 YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
AUTOMOTIVE TIRE CENTERSacramento, CAACT ID ZAA0030166
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TABLE OF CONTENTSSECTION
AUTOMOTIVE TIRE CENTER
SECTIONINVESTMENT OVERVIEW 01
Offering SummaryRegional MapLocal Map
FINANCIAL ANALYSIS 02Tenant SummaryOperating StatementPricing DetailPricing Detail
MARKET COMPARABLES 03Sales Comparables MapSales Comparables ChartSold ComparablesSold ComparablesFor Sale Comparables
MARKET OVERVIEW 04Market AnalysisDemographic Analysis
3
AUTOMOTIVE TIRE CENTER
PARCEL MAP
INVESTMENTINVESTMENT
OVERVIEWOVERVIEWOVERVIEWOVERVIEW
4
AUTOMOTIVE TIRE CENTER
EXECUTIVE SUMMARY
OFFERING SUMMARY
EXECUTIVE SUMMARY
MAJOR EMPLOYERS
VITAL DATAPrice $1,150,000 Gross Leasable Area (GLA) 5,750 SF
Down Payment 20% / $230,000 Price/SF $200.00
Loan Amount $920,000 Current Occupancy 2/3 EMPLOYER # OF EMPLOYEES
S B M 5,500
Walmart 1,940
American River College 1,815
Mercy San Juan Med Trauma Ctr 1,700
Mercy San Juan Medical Center 1,500
Loan Amount $920,000 Current Occupancy 2/3
Loan Type Seller Financing* Year Built 1957
Interest Rate 5.00% Lot Size 0.33 acre(s)
Pro Forma CAP Rate 6.00%
Pro Forma Net Operating Income $68,994
Pro Forma Total Return 10.00% / $22,994 Mercy San Juan Medical Center 1,500
Eskaton 1,409
Eskaton Village Care Center 1,000
Homeq Servicing Corporation 1,000
Examinors Office 900
McDonalds 689
Monument Security Inc 600
Pro Forma Total Return 10.00% / $22,994*Loan terms subject to change.
Monument Security Inc 600
Acct Holdings LLC 594
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2018 Estimate Pop 12,746 139,947 372,662
2010 Census Pop 12,104 132,514 352,643
2018 Estimate HH 5,053 56,305 143,066
2010 Census HH 4,735 52,750 134,227
Median HH Income $46,343 $46,852 $50,873
Per Capita Income $27,174 $26,588 $27,406
Average HH Income $67,813 $65,589 $70,973
#5
AUTOMOTIVE TIRE CENTER
OFFERING SUMMARY
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to list exclusively a retail automotive building in Sacramento, CA. The subject is
a standalone building. Two of the three units are occupied by Auburn Tires & Wheels on a NNN lease. The
INVESTMENT OVERVIEW
a standalone building. Two of the three units are occupied by Auburn Tires & Wheels on a NNN lease. The
property can be delivered partially vacant to an owner-user.
The property is a total of 5,750 rentable square feet on 0.33 acres of land. This parcel is part of an entireThe property is a total of 5,750 rentable square feet on 0.33 acres of land. This parcel is part of an entire
portfolio of three parcels of a total of six units of over 12,000 rentable square feet on 0.75 acres of land. It is
conveniently located near the main freeway at a high traffic signalized intersection. This is a very rare
opportunity for the automotive user or income property investor!
INVESTMENT HIGHLIGHTS
opportunity for the automotive user or income property investor!
Added Value or Rare Owner User Opportunity
High Traffic Count About 40,000 Cars per Day
Signalized Intersection Close to Main Freeway
INVESTMENT HIGHLIGHTS
Signalized Intersection Close to Main Freeway
Entire Portfolio Asking $2,500,000
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REGIONAL MAP
AUTOMOTIVE TIRE CENTER
7
LOCAL MAP
AUTOMOTIVE TIRE CENTER
8
AUTOMOTIVE TIRE CENTER
FINANCIAL
ANALYSISANALYSIS
9
FINANCIAL ANALYSIS
AUTOMOTIVE TIRE CENTER
TENANT SUMMARY & OPERATING STATEMENTTENANT SUMMARY & OPERATING STATEMENT
10
FINANCIAL ANALYSIS
AUTOMOTIVE TIRE CENTER
PRICING DETAILPRICING DETAIL
Loan terms subject to change.
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AUTOMOTIVE TIRE CENTER
MARKET
COMPARABLESCOMPARABLES
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AUTOMOTIVE TIRE CENTER
SALES COMPARABLES MAP
AUTOMOTIVE TIRE CENTER(SUBJECT)
Caliber Collision
Made in America / Japan
JiffyLube
1
2
3 JiffyLube
Red D Transmission
Big O Tires
Firestone
3
4
5
7
6
5880 Pacific St
10655 Coloma Rd
Smog Busters
1562 Auburn Blvd
7
8
9
10
SALES COMPARABLES
ON MARKET COMPARABLES
13
ON MARKET COMPARABLES
PROPERTY NAMEAUTOMOTIVE TIRE CENTER
SALES COMPARABLESSALES COMPARABLES SALES COMPS AVG
Average Price Per Square Foot
SALES COMPARABLES
ON MARKET COMPARABLES
SALES COMPS AVG
ON MARKET COMPS AVG
$540.00
$600.00
Average Price Per Square Foot
Avg. $255.03Avg. $276.84
$240.00
$300.00
$360.00
$420.00
$480.00
$0.00
$60.00
$120.00
$180.00
$240.00
Automotive Tire Center
CaliberCollision
Made inAmerica /
Japan
JiffyLube Red DTransmission
Big O Tires Firestone 5880Pacific St
10655Coloma Rd
SmogBusters
1562 AuburnBlvd
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PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE TIRE CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
AUTOMOTIVE TIRE CENTER4500 A/B/C Auburn Blvd.
CALIBER COLLISION7407 Roseville Rd, Sacramento, CA, 95842
MADE IN AMERICA / JAPAN2668 Sunrise Blvd, Rancho Cordova, CA, 95742
4500 A/B/C Auburn Blvd.Sacramento, CA, 95841 1 2
rentpropertyname1 rentpropertyname1 rentpropertyname1
Asking Price: $1,150,000
Price/SF: $200
Year Built: 1957
Close Of Escrow: 12/6/2018
Sales Price: $5,169,000
Price/SF: $206.00
Year Built: Unknown
Close Of Escrow: 1/28/2018
Sales Price: $950,000
Price/SF: $146.60
Year Built: 1975
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
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PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE TIRE CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
JIFFYLUBE4160 Sunrise Blvd, Fair Oaks, CA, 95628
RED D TRANSMISSION33 Massie Ct, Sacramento, CA, 95823
BIG O TIRES7800 Auburn Blvd, Citrus Heights, CA, 95610
3 4 5
rentpropertyname1 rentpropertyname1 rentpropertyname1
Close Of Escrow: 11/15/2018
Sales Price: $885,000
Price/SF: $593.16
Year Built: 1985
Close Of Escrow: 6/28/2018
Sales Price: $875,000
Price/SF: $145.83
Year Built: 1978
Close Of Escrow: 9/18/2018
Sales Price: $725,000
Price/SF: $183.54
Year Built: Unknown
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
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PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE TIRE CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
FIRESTONE5041 Madison Ave, Sacramento, CA, 95841
5880 PACIFIC ST5880 Pacific St, Rocklin, CA, 95677
10655 COLOMA RD10655 Coloma Rd, Rancho Cordova, CA, 95670
6 7 8
rentpropertyname1 rentpropertyname1 rentpropertyname1
On Market
List Price: $2,400,000
Price/SF: $300.00
Year Built: 1970
On Market
List Price: $1,524,343
Price/SF: $252.00
Year Built: 2007
On Market
List Price: $1,200,000
Price/SF: $237.62
Year Built: 1962
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
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PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE TIRE CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
SMOG BUSTERS2590 Valley Rd, Sacramento, CA, 95821
1562 AUBURN BLVD1562 Auburn Blvd, Sacramento, CA, 95815
9 10
rentpropertyname1 rentpropertyname1 rentpropertyname1
On Market
List Price: $800,000
Price/SF: $400.00
Year Built: 1988
On Market
List Price: $685,000
Price/SF: $194.60
Year Built: 1964
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
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AUTOMOTIVE TIRE CENTER
MARKET
OVERVIEWOVERVIEW
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SACRAMENTOMARKET OVERVIEW
AUTOMOTIVE TIRE CENTER
SACRAMENTOOVERVIEW
The Sacramento-Roseville-Arden-Arcade metro is composed of fourcounties: Sacramento, El Dorado, Placer and Yolo, located in thecounties: Sacramento, El Dorado, Placer and Yolo, located in themiddle of the 400-mile-long Central Valley of California. Unlike thenearby San Francisco Bay Area, Sacramento is seismically quiet. Thearea contains nearly 2.3 million people.
Sacramento, home of the state capitol, is the most populous city, withapproximately 501,000 residents, followed by Elk Grove and Rosevilleapproximately 501,000 residents, followed by Elk Grove and Rosevillewith 164,400 and 130,400, respectively. During the next five years, amore affordable cost of living and infill redevelopment projects willhelp draw businesses and residents to the area.
METRO HIGHLIGHTSMETRO HIGHLIGHTS
SOLID JOB CREATIONLower costs than nearby metros attract businesses and drive job creation above the U.S. level. Many and drive job creation above the U.S. level. Many commuters into the Bay Area also reside in the area.
POPULATION GROWTHEmployment opportunities and redevelopment efforts will contribute to pushing Sacramento’s efforts will contribute to pushing Sacramento’s population growth above the national average.
LOW COST OF LIVINGSacramento’s median home price is more affordable than many other California metros.
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affordable than many other California metros.
AUTOMOTIVE SHOP
ECONOMY Sacramento is home to the state capitol, making the government sector important to the
region’s economy, though less so than in the past as the economy diversifies. Sacramento’s seismic stability and low business costs compared with the region attract Sacramento’s seismic stability and low business costs compared with the region attract
major corporations seeking to establish operations. Among these are Intel Corp., Apple Computer and Siemens Transportation Systems.
DHL and United Parcel Service use the former Mather Air Force Base to ship freight. The former McClellan Air Force Base is now an industrial park and includes tenants such as Northrop Grumman and J.C. Penney.
MAJOR AREA EMPLOYERSMAJOR AREA EMPLOYERS
California State University Sacramento
Sutter Health
Kaiser Permanente
Raley’s Inc.
Intel Corp.Intel Corp.
Catholic Healthcare West
University of California Davis
UC Davis Health System
Hewlett-Packard Co.
Target Corp.* Forecast
SHARE OF 2017 TOTAL EMPLOYMENT
Target Corp.* Forecast
4% 14% 24% 11% 5%MANUFACTURING
4%GOVERNMENT
EDUCATION AND
+OTHER SERVICES
3%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
16%TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL ANDBUSINESS SERVICES
1%INFORMATION
14%
6%
24% 11% 5%
16%
2
HEALTH SERVICESEDUCATION AND OTHER SERVICES
316AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION1
INFORMATION6 16
AUTOMOTIVE SHOP
DEMOGRAPHICS
SPORTS The metro is expected to add nearly 154,000 people over the next five years, resulting in the formation of nearly 71,000 households.
A median home price well above the national median has produced a A median home price well above the national median has produced a homeownership rate of 59 percent, compared with the national rate of 64 percent.
Among residents age 25 and older, 31 percent hold bachelor’s degrees and 11 percent also have a graduate or professional degree.
2017 Population by Age
6 20 7 27 26 14
EDUCATION0-4 YEARS
6%5-19 YEARS
20%20-24 YEARS
7%25-44 YEARS
27%45-64 YEARS
26%65+ YEARS
14%
2017MEDIAN AGE:
2017 MEDIAN HOUSEHOLD INCOME:
2017POPULATION:
2017HOUSEHOLDS:
QUALITY OF LIFE
37.22017
MEDIAN AGE:
U.S. Median:
37.8
$63,900 2017 MEDIAN
HOUSEHOLD INCOME:
U.S. Median:
$56,300
2.3M2017
POPULATION:
Growth2017-2022*:
6.6%
841K2017
HOUSEHOLDS:
8.4%
Growth2017-2022*:
ARTS & ENTERTAINMENTResidents and visitors to Sacramento can enjoy many recreational activities. The region is
home to professional sports teams such as the Kings (NBA), Sirens (IWFL) and the River
Cats. A short drive from the city leads to some of the world’s finest wine-producing
regions: the Napa, Sonoma and Alexander valleys. The area offers various cultural
opportunities including the ballet, opera, museums, a zoo and music festivals. In addition
QUALITY OF LIFE
opportunities including the ballet, opera, museums, a zoo and music festivals. In addition
to four community colleges, there are two universities located in the region: California State
University, Sacramento, and University of California, Davis. Housing is relatively affordable
in the Sacramento region compared with the nearby San Francisco Bay Area, drawing
many residents.
* Forecast
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Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau