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Sears at Merced Mall Reposition Opportunity MERCED, CALIFORNIA
Sears at Merced MallReposition OpportunityMERCED, CALIFORNIA
Sears at Merced Mall
Best OfferPRICE
1011 W OLIVE AVENUE, MERCED, CA 95348
Due Diligence Available:
• Preliminary Zoning Report
• REA/CC&R’s
• Survey
• Property Condition Report
• Tax Bills
2018 NOI$466,301
LOT SIZE9.38 AC
LEASEABLE SF92,624
ZONINGPD1
DAVE [email protected]: 415.274.7390CA BRE# 01389761
KEVIN [email protected]: 503.675.7726OR BRE# 200003168
SEAN [email protected]: 206.693.3352WA BRE# 74057
JOHN [email protected]: 415.274.2715CA BRE# 01440360
Contact the team
LEASE TERMLeased through July 2025. Termination right with 180 day notice to recapture 50% of the GLA.
CONFIDENTIALITY AGREEMENT FOR DUE DILIGENCE
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Overview
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 3
Ground Level Site Plan - See Broker for Recapture Lease Structure
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 4
Site Plan
SITE MAP
SERITAGE | 2298 Merced, California | April 1, 2015
SEARS
KOHL’S
JCPENNEY
MAIN MALL ACCESS
VEHICULAR ACCESS
MAIN MALL ENTRANCEDoes not include department store entrances.
LOADING DOCK
SITE PLAN NOTES:
• Sears attached to one story mall.• Sears building is single story.• Loading dock located at ground
level.• Building includes an interior auto
center.
WES
T O
LIV
E ST
REET
M STREET
LOU
GH
BORO
UG
H D
RIV
E
R STREET
W OLIVE AVE
R ST
23,370 VPD
40,018 VPD
M S
T20,710 VPD
Aerial
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Merced Mall Site Plan
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
MERCED MALLDIRECTORY
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UNIVERSITY OF CALIFORNIA, MERCED (UCM) is the tenth and newest of the University of California campuses. Most UC Merced students are from California with enrollment nearly evenly divided between Southern California, the Central Valley, and Northern California. UC Merced is the only institution in the United States to have all of its buildings on campus to be LEED certified. Its Triple Net Zero Commitment is expected to create zero net landfill waste and zero net greenhouse gas emissions by the year 2020.
In November 2015, the University of California regents approved a $1.14 billion proposal to double the size of UC Merced, boosting its enrollment by nearly 4,000 students. The new space is expected to be built by 2020.
STATISTICS
TOTAL STUDENT ENROLLMENT BY CLASSUndergraduates: 7,375Graduates: 592TOTAL: 7,967
FACULTY AND STAFF TOTAL: 374
University of California, Merced
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 8
Survey
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TargetHobby Lobby FoodMaxxRossFood 4 LessKohl’s
JCPennyBig LotsMichaelsUnited Artists RegencyLowe’s Best Buy
Big 5 Sporting GoodsCVSBarnes & NobleWalmart9 Cents Only
BUSINESS SUMMARY
TOTAL 5-MILES 10-MILES 15-MILES
Businesses 2,694 3,670 4,032
Employees 36,078 46,316 54,533
2017 Population 101,543 161,397 183,309
2017 Avg HH Income $63,162 $62,616 $62,912
Submarket Overview
RETAILERS IN CLOSE PROXIMITY INCLUDE:
KEY 5-MILES 10-MILES 15-MILES
99
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Drive Time Demographics
KEY 10 MINS 20 MINS 30 MINS
POPULATION
10 MINS 20 MINS 30 MINS
2010 86,288 66,799 61,910
2017 91,197 71,687 64,315
2022 94,548 75,156 66,203
2017 HH INCOME
10 MINS 20 MINS 30 MINS
Average $63,314 $61,362 $63,950
Median $42,423 $44,824 $47,759
MERCED
THE AVERAGE HOUSEHOLD INCOME FOR THE CITY OF MERCED
IS OVER $58K
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Location Demographics
SAN FRANCISCO (2 HRS, 131 MILES)
TOP EMPLOYERS
EMPLOYER # OF EMPLOYEES
County of Merced 2,028
University of California, Merced 1,602
Mercy Medical Center Merced 1,200
Merced City School District 1,141
Merced Union High School District 949
CITY OF MERCED POPULATION
82,981
MERCED COUNTY POPULATION
454,484
EXPANDED DEMOGRAPHICS AVAILABLE UPON REQUEST
Merced, California
MERCED is located less than two hours west of Yosemite National Park. To the west of Merced, lies Monterey Bay, the Pacific Ocean, and several beaches. Merced is a dynamic community of about 84,464 people. The University of California Merced campus, opened in 2005, provides new educational and economic opportunity, adding to the already-established growth of the region.
Located in the heart of California’s agricultural Central Valley, Merced is the region’s hub for education, culture, and business. The community offers abundant shopping, pleasant neighborhoods and tree-lined streets. Even with recent increases in prices, Merced’s housing remains affordable compared to many other California locations. Merced’s revitalized downtown is emerging as the entertainment center of the area.
Merced’s valley location southeast of San Francisco provides easy access to the central California coast, Sierra Nevada mountains and national parks, and major cities. Merced has historically been the “Gateway to Yosemite”, and residents also enjoy short drives to skiing, beaches, fishing, and other outdoor attractions.
MERCED IS HOME TO UC CALIFORNIA, MERCED
YOSEMITE NATIONAL PARK
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Location Overview
We’d love to hearfrom you.
CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
JOE CACCAMOJOHN ANDREINI
ZANDY SMITH
DAVE LUCAS
RICK SANNER
CHRIS KOSTANECKIZEB RIPPLE CHRIS PETERS
JACK NAVARRA
DAVE [email protected]: 415.274.7390CA BRE# 01389761
KEVIN [email protected]: 503.675.7726OR BRE# 200003168
SEAN [email protected]: 206.693.3352WA BRE# 74057
JOHN [email protected]: 415.274.2715CA BRE# 01440360
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