FOR SALE 7480 N Palm Avenue, Suite 101 · Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.com Location, demographics and site plan information is supplied by sources believed to be reliable. However, we can not guarantee its accuracy and make no warranty or representation as to its veracity. It is presented here with the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and these may not represent current or future performance of the property. Net Leased Investment - 3611 N. Blackstone Leased to Entrepreneurial Ventures, LLC dba Parrot AT&T Lewis Smith 559.447.6235 [email protected]DRE Lic. 01214178 2013 Avg. Daily Traffic: Shields at Blackstone: 32,283 Blackstone at Shields: 43,855 Total: 76,138 Annual Rent Increases Strong Tenants Close to Fwy 41 on/off-ramps Huge Daytime Population Impressive Traffic Counts 3611 N. Blackstone Ave. Fresno, CA 93704
Transcript
FOR SALE
7480 N Palm Avenue, Suite 101 · Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.comLocation, demographics and site plan information is supplied by sources believed to be reliable. However, we can not guarantee its accuracy and make no warranty or representation as to its veracity. It is presented here with the possibility of errors, omissions,
change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and these may not represent current or future performance of the property.
Net Leased Investment - 3611 N. Blackstone Leased to Entrepreneurial Ventures, LLC
� 2013 Avg. Daily Traffic: Shields at Blackstone: 32,283 Blackstone at Shields: 43,855 Total: 76,138
� Annual Rent Increases� Strong Tenants� Close to Fwy 41 on/off-ramps� Huge Daytime Population� Impressive Traffic Counts
3611 N. Blackstone Ave. Fresno, CA 93704
Retail California · 7480 North Palm Avenue, Suite 101 Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.com
Net Leased Investment3611 N. Blackstone, Fresno, CA 93704
PROPERTY SUMMARY
LOCATION: The subject property is located at 3611 N. Blackstone in Fresno, CA. The subject site is directly across the street from Manchester Center shopping mall and the Fresno Area Express (FAX) bus terminal, the major switching station for public transportation north of downtown. Manchester Center has a proposed plan to perform a major renovation of the mall to include national and regional retailers, as well as office components.
APN: 435-174-34
BUILDING SIZE: 3,795± SF
LOT SIZE: .42± acres
PRICE: $1,078,200.00 - 8% cap rate
ZONING: Commercial C-6
TRAFFIC: 2013 traffic counts for the intersection of Blackstone and Shields Avenues are 76,138± cars per day, located one quarter mile south of the subject site.
INCOME: AT&T Parrot = $5,612 per mo. / $67,344 per yr. Cell Tower = $1,636 per mo. / $19,632 per yr. $7,248 per mo. / $86,976 per yr.TENANT INFO:Parrot AT&T: The company was founded in 1985 and is 29 years old. Owns and operates
65 AT&T Parrot cellular stores in California. In 2013 company revenue was approximately $52 Million* with ±300 employees**.
*www.insideview.com **www.corporationwiki.com
Cell Tower: New Cingular Wireless PCS, LLC is tenant, which operates AT&T Mobility stores across the western United States. Exercised first 5 Yr Option in October 2013.
Rent Roll: SizeRent PSF (Annual) Annual Rent Term Options
Entrepreneurial Ventures, LLC 3,795 SF $18 $67,344 4/13/13 - 3/30/18 Two (2) terms of three (3) years each w/ 2% annual bumps
New Cingular Wireless PCS, LLC (cell tower)
335 n/a $19,632 10/01/08 - 9/30/13 Three (3) terms of five (5) years each w/ 3% annual bumps
Retail California · 7480 North Palm Avenue, Suite 101 Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.com
Retail California · 7480 North Palm Avenue, Suite 101 Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.com
Assessor’s Parcel Map
Retail California · 7480 North Palm Avenue, Suite 101 Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.com
Aerial Proximity
Retail California · 7480 North Palm Avenue, Suite 101 Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.com
3611 N. Blackstone, Fresno, CA 93704Site Plan
Retail California · 7480 North Palm Avenue, Suite 101 Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.com
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F R E S N OF R E S N OF R E S N OF R E S N OF R E S N OF R E S N OF R E S N OF R E S N OF R E S N OE Shields AveE Shields AveE Shields AveE Shields AveE Shields AveE Shields AveE Shields AveE Shields AveE Shields Ave
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Site Coordinates Longitude/X: Latitude/Y: -119.790726 36.783281
3-Mile Radius Map
Retail California · 7480 North Palm Avenue, Suite 101 Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.com
Retail California Demographic StudyUpdated Summary Report
3611 N Blackstone Ave3611 N Blackstone Ave Fresno, CA 93726
7 January 2014 Coordinates Longitude: -119.790726Latitude: 36.783281
1 MILE 2 MILE 3 MILERING RING RING
3.14 SQ/MI 12.56 SQ/MI 28.27 SQ/MI
Population Trend2000 Total Population 17,825 74,391 171,6272010 Total Population 18,548 76,709 174,7112012 Total Population 19,071 78,767 177,8882017 Total Population 19,353 79,724 179,989
Households Trend2000 Total Households 6,641 27,046 58,5102010 Total Households 6,558 26,641 58,0912012 Total Households 6,561 26,604 57,5502017 Total Households 6,639 26,850 58,085
Population Change Trend2000 to 2010 Population Change 4.1% 3.1% 1.8%2000 to 2012 Population Change 7.0% 5.9% 3.6%2010 to 2017 Population Change 4.3% 3.9% 3.0%2012 to 2017 Population Change 1.5% 1.2% 1.2%
Household Change Trend2000 to 2010 Household Change -1.2% -1.5% -0.7%2000 to 2012 Household Change -1.2% -1.6% -1.6%2010 to 2017 Household Change 1.2% 0.8% -0.0%2012 to 2017 Household Change 1.2% 0.9% 0.9%
2012 RaceWhite alone 51.2% 51.8% 49.1%Black or African American alone 7.5% 6.7% 7.4%American Indian and Alaska Native alone 2.0% 2.0% 2.1%Asian alone 7.2% 8.1% 9.5%Native Hawaiian and OPI alone 0.2% 0.2% 0.2%Some Other Race alone 26.6% 26.0% 26.6%
Retail California · 7480 North Palm Avenue, Suite 101 Fresno, California 93711 · P 559 256-1700 · F 559 432-2938 · www.retailcalifornia.com
Retail California Demographic StudyUpdated Summary Report
3611 N Blackstone Ave3611 N Blackstone Ave Fresno, CA 93726
7 January 2014 Coordinates Longitude: -119.790726Latitude: 36.783281
1 MILE 2 MILE 3 MILERING RING RING
3.14 SQ/MI 12.56 SQ/MI 28.27 SQ/MI
2012 Income (cont.)Less than $10,000 10.8% 8.4% 10.1%$10,000 to $14,999 12.3% 10.6% 10.4%$15,000 to $19,999 7.1% 8.8% 9.0%$20,000 to $24,999 5.2% 6.6% 7.6%$25,000 to $29,999 9.6% 7.0% 6.8%$30,000 to $34,999 7.7% 5.9% 6.3%$35,000 to $39,999 5.5% 5.7% 5.9%$40,000 to $44,999 2.9% 5.0% 4.7%$45,000 to $49,999 3.6% 4.5% 4.4%$50,000 to $59,999 5.7% 8.3% 7.7%$60,000 to $74,999 9.1% 8.9% 8.3%$75,000 to $99,999 9.6% 9.5% 8.9%$100,000 to $124,999 5.0% 5.4% 4.9%$125,000 to $149,999 2.1% 2.4% 2.3%$150,000 to $199,999 2.5% 1.7% 1.5%$200,000 or more 1.4% 1.3% 1.2%
Average household size 2.9 2.9 3.1
Total Daytime Population 20,119 78,004 190,250Total Daytime at Home Population 11,847 49,288 116,480Total Daytime at Home Population (% of Daytime Population)
