$1,080,000 | 6.00% capkaseholdings.com/properties/proposals/oil changers - oakland, ca.pdf · smp...

Jacob Abusharkh

Managing [email protected]

BRE#01385529

Robin Santiago, CCIM

Senior [email protected]

BRE#01754421

www.TheKaseGroup.com

SVN The Kase Group

Oil Changers NNN Leased Offering | Oakland, CA

$1,080,000 | 6.00% CAP

Offering Highlights

Absolute NNN Leased Offering

100% Fee Simple Interest

Zero Landlord Obligations

Scheduled Increases in Rent

Well Situated on a Major Commercial Thoroughfare

Actual Site Photo

Oil Changers NNN Leased Offering


All Sperry Van Ness® Offices Independently Owned & OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.



SVN The Kase Group

The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photo-copied or disclosed to any third party without the written consent of Sperry Van Ness or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is the Sper-ry Van Ness Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Of-fering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Bro-chure must be returned to Sperry Van Ness.

Neither the Sperry Van Ness Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and noth-ing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by Sperry Van Ness with respect to the projected future perfor-mance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the Sperry Van Ness Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those repre-sentations and warranties that may be made to it in any final,

fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the Sperry Van Ness Advisor, nor any of their officers, employees, representatives, independent contractors or af-filiates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expres-sions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms ac-ceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowl-edged the foregoing and agreed to release the Owner and the Sperry Van Ness Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

Disclaimer | Confidentiality

Oil Changers NNN Leased OfferingSVN The Kase Group



CONTENTS

PROPERTY OVERVIEW

Offering Highlights

Executive Summary

Tenant Summary

FINANCIAL OVERVIEW

Financial Summary

LOCATION OVERVIEW

Location Maps

Aerial Photo

Property Photos

DEMOGRAPHICS

Demographics Report

Demographics Map




PROPERTY OVERVIEW

Offering Highlights

Executive Summary

Tenant Summary

Absolute NNN Leased Offering

100% Fee Simple Interest

Zero Landlord Obligations

Scheduled Increases in Rent

Well Situated on a Major Commercial Thoroughfare

Offering Highlights




Investment OverviewSale Price: $1,080,000

CAP Rate: 6.00%

Net Operating Income: $64,800

Building Size: +/- 2,262 SF

Lot Size: 0.229 Acres

Year Built: 1986

PropertyThis is an extremely rare absolute net leased opportunity unlike anything else available in the market. There are over 7 years remaining on the initial 10 year Oil Changers lease with CPI rental increases every three years. The asset is conveniently located on a major commerical thoroughfare in Oakland, California.

LocationOakland is a major West Coast port city in the state of California. Oakland is the third largest city in the San Francisco Bay Area, the eighth-largest city in California, and the 45th-largest city in the U.S. with a population of 413,775 as of 2014. It serves as a trade center for the San Francisco Bay Area; its Port of Oakland is the busiest port for San Francisco Bay, all of Northern California, and fifth busiest in the United States. Incorporated in 1852, Oakland is the county seat of Alameda County. It is also the principal city of the Bay Area Region known as the East Bay. The city is situated directly across the bay, six miles (9.7 km) east of San Francisco.

640 West Grand Avenue | Oakland, CA 94612

Executive Summary




Tenant OverviewOil Changer, Inc. (the “Company”) and its affiliates have developed an automotive fast oil change concept based on convenience, quality, and service. Each of the company’s no-appointment-necessary services is provided on a drive-through basis. The first Oil Changer facility was opened in Northern California in September 1986 and the organization currently consists of 34 facilities in the regions of San Francisco, San Diego, and Fresno. All Oil Changer facilities are located in major California markets because of the tremendous opportunities for growth provided by these markets. Californians enjoy a deserved reputation for car-consciousness and environmental awareness, and the Company’s convenience and environmental sustainability make it an ideal service provider.

We’re in the business of taking care of your car, but we also strive to be good stewards of our planet.

Oil Changer provides the services and parts that keeps vehicles operating at peak efficiency. Our convenient facilities are designed and operated with the environment in mind.

Our biggest waste stream is used motor oil drained from our customers vehicles. California generated 153 million gallons of used lubricating oil in 2005. Only 91 million gallons (59%) was recycled, making California a significant contributor to the estimated 200 million gallons of used oil disposed of improperly each year in the U.S.

Getting your oil changed with us not only ensures your oil is recycled properly, it preserves a finite and valuable resource. We partner with companies that re-refine lubricants to be reused as lubricants. Working with a local re-refiner also means less emissions used to transport used oil. 82% of our stores are within 30 miles of the re-refinery.

Oil Changer has partnered with the State of California for over twenty years to collect used motor oil from the public. All 34 locations are Certified Collection Centers where used oil and filters are accepted at no charge for proper disposal.

Corporate InformationHeadquarters: Pleasanton, CA

Locations: 34 (2013)

Website: www.oilchangersinc.com

Tenant HighlightsLocated in 3 Major California Markets

34 Locations Statewide

Tenant Summary







FINANCIAL OVERVIEW

Financial Summary

640 West Grand Avenue | Oakland, CA 94612 $1,080,000 | 6.00% CAP

CAP Rate: 6.00%

Building SF: +/- 2,262

Lot Size: 0.229 Acres

Year Built: 1986

Type of Ownership: Fee Simple

Tenant Name GLA Lease Begin Lease End Annual Rent Increases Options

Oil Changers +/- 2,262 SF 2/1/2013 1/31/2023 $64,800 Rent Increases Tenant has

every 3 years two 10

equal in change year options

to CPI to renew

Operating Summary Current 2017-2020 2020-2023 Option 1 Option 2

Net Operating Income $64,800 CPI CPI CPI CPI

CAP Rate 6.00%

Financial Summary







LOCATION OVERVIEW

Location Maps

Aerial Photo

Property Photos

2. LOCATION OVERVIEW

OIL CHANGERS Location Maps

All Sperry Van Ness® Offices Independently Owned & Operated.

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

www.TheKaseGroup.com9

Location Maps




Aerial Photo




Property Photos







DEMOGRAPHICS

Demographics Analysis

Demographics Map

Total Population

Total Number of Households

Total Number of Persons per Household

Average House Value

Average Household Income

Median Age

Median Age - Male

Median Age - Female

Total Population - White

Total Percent - White

Total Population - Black

Total Percent - Black

Total Population - Asian

Total Percent - Asian

Total Population - Hawaiian

Total Percent - Hawaiian

Total Population - Indian

Total Percent - Indian

Total Population - Other

Total Percent - Other

Total Population - Hispanic

Total Percent - Hispanic

221 473 9850.6% 0.4% 0.4%

1,171 4,987 10,4783.2% 4.0% 4.4%

640 W Grand Ave | Oakland, CA 94612 For Sale | $1,016,000

* Demographic information provided by BuildOut, Inc.

18,572 64,997 113,795

2.0 1.9 2.1

$431,158 $506,350 $621,468

$43,275 $58,509 $71,159

38.7 37.4 37.437.2 36.4 36.6

38.9 37.9 38.0

9,114 26,979 52,60724.9% 21.4% 22.1%

14,592 39,399 59,21939.8% 31.2% 24.8%

43 297 7350.1% 0.2% 0.3%

9,960 48,239 102,77027.2% 38.2% 43.1%

36,676 126,201 238,308

3,990 14,479 29,13910.9% 11.5% 12.2%

1 Mile 2 Miles 3 Miles

4. DEMOGRAPHICS

OIL CHANGERS Demographics Report




Demographics Analysis




4. DEMOGRAPHICS

OIL CHANGERS Demographics Map




* Demographic information provided by BuildOut, LLC

640 W Grand Ave | Oakland, CA 94612 Radius Map

1 Mile 2 Miles 3 Miles

Total Population 36,676 126,201 238,308

Total Number of Households 18,572 64,997 113,795

Average Household Income $43,275 $58,509 $71,159

Median Age 38.7 37.4 37.4

Demographics Map





All Sperry Van Ness® Offices Independently Owned & Operated© 2013 All rights reserved

PRESENTED BY

Jacob AbusharkhManaging Director

[email protected]

BRE#01385529

Robin Santiago, CCIMSenior Advisor408.803.5003

[email protected]

BRE#01754421

SVN The Kase Group

$1,080,000 | 6.00% capkaseholdings.com/properties/proposals/oil changers - oakland, ca.pdf · smp...

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