1100 HigHway 120, Escalon, ca 95320
EQUITY INVESTMENTDVISORS
201 Santa Monica Blvd. Suite 300Santa Monica, CA 90401
Rich LydonManaging [email protected] Lic. 01466991O
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The information contained herein does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire. We cannot assume responsibility for its accuracy. All financial projections are based on assumptions relating to the general economy, competition, and other factors beyond control of the Owner and Broker and, therefore, are subject to material variation. This Offering Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the information herein. Additional information and an opportunity to inspect the Property will be made available to qualified prospective buyers.
Neither Owner nor Broker nor any of their respective officers, agents or principals has made or will make any representations or warranties, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of the Offering Memorandum or its contents. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective buyer, with the Property to be sold on an as is, where-is basis without any representations as to the physical, financial or environmental condition of the Property.
Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with an entity at any time with or without notice. Owner has no legal commitment or obligations to any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until such sale of the Property is approved by Owner in its sole discretion, a written agreement for purchase of the Property has been fully delivered, and approved by Owner, its legal counsel and any conditions to the Owner’s obligations thereunder have been satisfied or waived.
This Offering Memorandum and its contents, except such information which is a matter of public record or is provided in sources available to the public (such contents as so limited herein called the “Contents”), are of a confidential nature. By accepting this Offering Memorandum, you unconditionally agree that you will hold and treat the Offering Memorandum and the Contents in the strictest confidence, that you will not photocopy or duplicate the Offering Memorandum or any part thereof, that you will not disclose the Offering Memorandum or any of the Contents to any other entity (except in the case of a principal, who shall be permitted to disclose to your employees, contractors, investors and outside advisors retained by you, or to third-party institutional lenders for financing sought by you, if necessary, in your opinion, to assist in your determination of whether or not to make a proposal) without the prior authorization of the Owner or Broker, and that you will not use the Offering Memorandum or any of the Contents in any fashion or manner detrimental to the interest of the Owner or Broker.
DisclaimerTaco Bell | 1100 Highway 120
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Property, Investment, & Tenant..................4
Financial & Lease Data................................5
The Area......................................................6
Parcel Map...................................................7
Amenities....................................................8
Area Map....................................................9
Demographics...........................................10
Property Images........................................11
Table of Contents
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Taco Bell | 1100 Highway 120
Property, Investment, & TenantProperty Summary
Location 1100 Highway 120, Escalon, CA 95320Building Size 2,250 SFLot Size .62 Acres | 27,007 SFYear Built 1996Parcel Number 225-300-77Market San Joaquin Valley
Market Share (1 Mile)
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OCAT Inc., is one of the largest Taco Bell franchisees in Northern California operating 55 locations. Tenant has operated at this location since 1996.
Tenant exercised its first 5-Year option, a tribute to its long term dedication to this location.
Four years remaining on first option. One 5-Year option and one 4-Year option remaining in the lease. 10% rental increases at start of each option period.
Other major retailers located in the Escalon Plaza and immediate vicinity include Starbucks, Subway, Burger King, and Valero.
Absolute NNN lease. No landlord responsibilities.
Highway 120 is a major thoroughfare for people traveling to the Bay Area and Yosemite National Park. Nearly 16,000 vehicles per day pass the Taco Bell located in Escalon Plaza. An ARCO am/pm is scheduled to open in the immediate area in late 2017.
Limited local competition with the nearest Taco Bell located 10 miles away in Modesto.
Taco Bell | 1100 Highway 120
Investment Highlights
Tenant Information
Founded in 1967 by J. Allen Beebe, OCAT, INC. has consistently been one of the leading Franchisees in the Taco Bell system. OCAT, INC. has grown from a small business to a highly professional Corporation. To date, the Company consists of fifty-one (55) Taco Bell restaurants located in twenty-one (23) Central and North-ern California cities.
Financial & Lease Data
Financial Information
Price $1,818,000Cap Rate 6.15%Price per Square Foot $808Net Operating Income $111,804
Lease Information
Lease Commencement July 1, 1996Lease Expiration July 1, 2016Option 1 (5-Year) 7/01/2016 - 6/30/2021Option 2 (5-Year) 7/01/2021 – 6/30/2026Option 3 (4-Year) 7/01/2026 – 6/30/2030Lease Type Fee Simple Absolute NNN
*10% Rental Increases at Start of each Option Period
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Taco Bell | 1100 Highway 120
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The City of EscalonEscalon is located in California’s Central Valley. It is an attractive city in a productive area of San Joaquin County, which consists of scenic agricultural land and open spaces. Escalon continues to foster its goal of maintaining a vibrant and diversified community. The City’s mission statement of “Taking pride in our community through quality service” is apparent through the aggressive policies adopted to preserve a family atmosphere and high quality of life. Escalon boasts a low crime rate, an award-winning school district, quality residential homes and a quaint, 1920’s era downtown.Escalon is geographically located on Highway 120 between the San Francisco Bay area and the historic Mother Lode leading to Yosemite National Park. Just minutes from Stockton, Modesto, and Manteca, Escalon offers a central location with direct access to all modes of transportation.
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The Area
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Taco Bell | 1100 Highway 120
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Parcel MapTaco Bell | 1100 Highway 120
TAx MAP
Amenities
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Taco Bell | 1100 Highway 120
15,600 VPD
Area Map
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1100 Highway 120 Escalon, CA 95320
Taco Bell | 1100 Highway 120
1-MILE 3-MILE 5-MILE Total Population 7,740 11,268 16,976 Households 2,589 3,746 16,976 Median HH Income $57,824 $59,057 $57,915 Average HH Income $72,416 $75,719 $78,250 Vehicles per Day 15,600
Demographics
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Taco Bell | 1100 Highway 120
Property Images
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EQUITY INVESTMENTDVISORS
201 Santa Monica Blvd. Suite 300Santa Monica, CA 90401
Rich LydonManaging [email protected] Lic. 01466991
Taco Bell | 1100 Highway 120
