Offering Memorandum - LoopNet · Located along the busy San Pablo Avenue corridor, and right off of...

1730-1736 SAN PABLO AVEPinole, CA 94564

Offering Memorandum

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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 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 and

should 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, unverified

information 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 due

diligence 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, the

future 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 or

asbestos, 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 any

tenant'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 be reliable;

however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters

and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to 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 or name

is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, 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.

1730 SAN PABLO AVE

Pinole, CA

ACT ID ZAA0400118

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INVESTMENT

OFFERING

1730-1736 SAN PABLO AVE

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OFFERING SUMMARYMULTI-TENANT RETAIL – PINOLE, CA

THE OFFERING

PRICE - $1,450,000

MARKET CAP RATE – 6.16%

PROPERTY SUMMARY

PARCEL NUMBER (APN) – 401-350-046

YEAR BUILT – 1948

LOT SIZE – 0.6 ACRES (26,136 SF)

RENTABLE SQUARE FEET – 9,353 SF

PRICE PER SQUARE FOOT – $155.03

TENANT SUMMARY

1730 SAN PABLO AVE – GRANADA FLOORS

SF OCCUPIED – 1,604 SF

LEASE TERM – 3 YEARS

LEASE EXPIRATION – August 31, 2021

1736 SAN PABLO AVE– BLUE SKY SPORTS

SF OCCUPIED – 7,749 SF

*DELIVERED VACANT*


OFFERING SUMMARY


OFFERING SUMMARY

▪ Corner Location with Excellent Visibility

▪ Rare Owner User Opportunity

▪ Twenty Eight Surface Parking Spaces w/ Space For 10-20 More Cars in

Batting Cage Area

▪ High Traffic Count (Over 17,000 Daily)

▪ Close Proximity to Downtown Pinole, Highway 80, and CA 4

▪ Development Potential: Zoned CMU (Commercial Mixed Use)

INVESTMENT HIGHLIGHTS

Marcus & Millichap is proud to present 1730-1736 San Pablo Avenue, in the city of Pinole, California. Located along the busy San Pablo

Avenue corridor, and right off of Appian Way, this property represents a tremendous opportunity for an investor, owner user, or developer.

The subject property is a local sporting goods store and a hardwood and carpet store and consisting of approximately 9,353 net rentable

square feet. Blue Sky Sports and Granada Hardwood, Tile, and Carpet are the tenants of this shopping strip. Blue Sky has been in operation

at this location for over thirty years. The sporting goods store will be delivered vacant at close of escrow allowing a new owner/user or investor

to re-tenant the Property.

Zoned CMU (Commercial Mixed Use), this site is allowed a mix of commercial and residential uses up to a maximum height of 50 feet. The

subject property is very close to downtown Pinole and on a block neighboring newly renovated office and single family residences. Major

tenants in the immediate area include McDonald’s, Safeway, Carl’s Jr, Starbucks, In-N-Out Burger, Applebee’s, Sizzler, Target, BevMo,

Verizon, Panera Bread, Wells Fargo, Chase Bank, Staples, Dollar Tree, Chipotle, Krispy Kreme, The Habit Burger, and more.

INVESTMENT OVERVIEW

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FINANCIAL ANALYSIS

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TENANT SUMMARY


*Blue Sky Sports (1736) will be delivered vacant at COE.

FINANCIAL ANALYSISOPERATING STATEMENT

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FINANCIAL ANALYSISPRICING DETAIL

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*CAP RATE represents Market CAP RATE.

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LOCATION OVERVIEW

CLOSE PROXIMITY TO:

Pinole, CA 94564

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAME1730 SAN PABLO AVE

PRICING AND VALUATION MATRIX

PROPERTY NAME

LOCATION OVERVIEW

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LOCATION OVERVIEWLOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAME1730 SAN PABLO AVE

PRICING AND VALUATION MATRIX

PROPERTY NAME1730-1736 SAN PABLO AVE

LOCATION OVERVIEW

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Pinole Vista Crossing

Subject

PropertyDowntown

Pinole

LOCAL MAP

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AERIAL PHOTO

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PROPERTY PHOTOS


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REGIONAL MAP

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PROPERTY PHOTOS


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PROPERTY PHOTOS


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PROPERTY PHOTOS


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PROPERTY PHOTOS


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MARKET

OVERVIEW


MARKET OVERVIEW

ECONOMY▪ Major employers come from a wide array of industries: education, healthcare, financial

services, telecommunications, retail, technology, manufacturing and transportation.

▪ The metro is a transportation hub of the Bay Area, and Oakland International Airport, BART,

two major rail lines and the Port of Oakland all play important roles.

▪ Oakland is a major tech employment market. High-tech businesses currently employ tens of

thousands of workers. The metro boasts an extensive underground fiber-optic cable network

and is a regional telecommunications hub.

SHARE OF 2018 TOTAL EMPLOYMENT

MAJOR AREA EMPLOYERS

Kaiser Permanente

UCSF Children's Hospital Oakland

Sutter Health

Tesla Motors Inc.

Lawrence Livermore National Laboratory

Southwest Airlines

Lam Research Corp.

Chevron Corp.

Alameda Health Systems

Safeway Inc.* Forecast

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MANUFACTURING

8%GOVERNMENT

HEALTH SERVICES

EDUCATION AND

+OTHER SERVICES

3%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

18%

AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL AND

BUSINESS SERVICES

2%INFORMATION

16%

6%

15% 10% 5%

16%


PROPERTY NAME

MARKETING TEAMDEMOGRAPHICS

Source: © 2018 Experian

Created on June 2019

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2023 Projection

Total Population 15,712 98,724 173,527

▪ 2018 Estimate


▪ 2010 Census


▪ 2000 Census


▪ Current Daytime Population

2018 Estimate 9,719 67,296 115,002

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2023 Projection

Total Households 5,815 35,349 60,567

▪ 2018 Estimate


Average (Mean) Household Size 2.71 2.79 2.87

▪ 2010 Census


▪ 2000 Census


▪ Occupied Units

2023 Projection 5,815 35,349 60,567

2018 Estimate 5,651 33,500 58,479

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2018 Estimate

$150,000 or More 17.03% 19.47% 16.52%

$100,000 - $149,000 22.74% 22.39% 20.02%

$75,000 - $99,999 15.09% 14.93% 14.14%

$50,000 - $74,999 17.58% 15.72% 16.64%

$35,000 - $49,999 9.37% 9.58% 11.20%

Under $35,000 18.20% 17.91% 21.50%

Average Household Income $107,411 $110,617 $101,068

Median Household Income $82,602 $86,085 $76,088

Per Capita Income $38,965 $39,089 $34,610

HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure

$88,479 $89,718 $84,223

▪ Consumer Expenditure Top 10 Categories

Housing $25,867 $26,263 $24,875

Shelter $16,704 $16,868 $16,077

Transportation $14,395 $14,805 $13,866

Personal Insurance and Pensions $10,801 $10,902 $9,849

Food $9,240 $9,360 $8,811

Health Care $4,944 $5,102 $4,700

Utilities $4,091 $4,173 $3,959

Entertainment $3,524 $3,645 $3,393

Household Furnishings and Equipment

$2,467 $2,557 $2,359

Apparel $2,406 $2,451 $2,316

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population By Age

2018 Estimate Total Population 15,476 94,422 169,560

Under 20 22.52% 22.44% 23.92%

20 to 34 Years 19.97% 20.10% 21.04%

35 to 39 Years 6.61% 6.47% 6.95%

40 to 49 Years 13.31% 13.33% 13.51%

50 to 64 Years 22.69% 22.06% 20.59%

Age 65+ 14.89% 15.60% 14.01%

Median Age 40.71 40.79 38.61

▪ Population 25+ by Education Level

2018 Estimate Population Age 25+ 11,008 67,161 117,766

Elementary (0-8) 3.19% 4.22% 7.98%

Some High School (9-11) 5.80% 5.85% 7.26%

High School Graduate (12) 21.27% 20.51% 21.76%

Some College (13-15) 24.54% 26.05% 23.61%

Associate Degree Only 8.95% 9.28% 8.57%

Bachelors Degree Only 23.61% 22.49% 19.50%

Graduate Degree 10.17% 9.30% 8.65%

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Income

In 2018, the median household income for your selected geography is

$82,602, compare this to the US average which is currently $58,754.

The median household income for your area has changed by 42.69%

since 2000. It is estimated that the median household income in your

area will be $95,809 five years from now, which represents a change

of 15.99% from the current year.

The current year per capita income in your area is $38,965, compare

this to the US average, which is $32,356. The current year average

household income in your area is $107,411, compare this to the US

average which is $84,609.

Population

In 2018, the population in your selected geography is 15,476. The

population has changed by 17.37% since 2000. It is estimated that the

population in your area will be 15,712.00 five years from now, which

represents a change of 1.52% from the current year. The current

population is 46.86% male and 53.14% female. The median age of the

population in your area is 40.71, compare this to the US average

which is 37.95. The population density in your area is 4,921.22 people

per square mile.

Households

There are currently 5,609 households in your selected geography. The

number of households has changed by 18.06% since 2000. It is

estimated that the number of households in your area will be 5,815

five years from now, which represents a change of 3.67% from the

current year. The average household size in your area is 2.71

persons.

Employment

In 2018, there are 3,724 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

63.76% of employees are employed in white-collar occupations in this

geography, and 36.21% are employed in blue-collar occupations. In

2018, unemployment in this area is 2.49%. In 2000, the average time

traveled to work was 40.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

32.63% White, 16.32% Black, 0.38% Native American and 32.89%

Asian/Pacific Islander. Compare these to US averages which are:

70.20% White, 12.89% Black, 0.19% Native American and 5.59%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 21.61% of the current year

population in your selected area. Compare this to the US average of

18.01%.

PROPERTY NAME

MARKETING TEAM

Housing

The median housing value in your area was $506,529 in 2018,

compare this to the US average of $201,842. In 2000, there were

3,284 owner occupied housing units in your area and there were 1,467

renter occupied housing units in your area. The median rent at the

time was $780.

Source: © 2018 Experian

DEMOGRAPHICS

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Offering Memorandum - LoopNet · Located along the busy San Pablo Avenue corridor, and right off of...

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