santa rosa guerneville rd 1478 a · 2018. 11. 13. · 1478 guerneville road santa rosa, ca for sale...

www.ngcip.com | Broker # 01910787T (209) 477-4400 | F (209) 476-7344

1478 Guerneville Road Santa Rosa, CA

FOR SALE Xavier Santana |CEO (925) 226-2455

[email protected] # 01317296

Chris Santana | President (925) 203-1106

[email protected] License # 01868378

Bill Johnson | Investments Partner (209) 546-6051

[email protected] # 01992157Single Tenant Net Leased Investment

Confidentiality & Disclosure Agreement

Sacramento, California Reno, Nevada

Northgate Commercial Real Estate (“Broker”) has been authorized by the Seller of the Property (“Seller”) to prepare and distribute the enclosed information for the purpose of soliciting offers to purchase from interested parties. Additional information in the possession of the Seller including but not limited to financial, tenant, title, and building can be made available upon request following the mutual execution of letter of intent (LOI) and/or Purchase and Sale Agreement (PSA). All prospective Buyers may at the request of Seller, be required to submit financials and references to demonstrate Purchasers ability to close on the purchase of the property. The eventual Purchaser shall be selected on the Sellers assessment of the price, terms, and the ability to close the transaction and such conditions as set for in the contract. Seller, reserves the right to simultaneously negotiate with multiple Purchasers at Seller’s sole discretion. Prospective purchasers and their agents may not enter the property or disturb the tenant without Brokers consent. All property tours shall be conducted by appointment only and must be coordinated by Broker. All the information contained in this offering memorandum has been obtained by sources deemed reliable but are not guaranteed. Prospective Purchasers shall bear the responsibility of conducting their own investigations on the property and review of the due diligence materials as provided by the Seller.

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PROPERTY SUMMARY727 South Broadway

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Exclusively Listed By:

Bill Johnson| Investments Partner(209) 546-6051


Xavier Santana | CEO(925) 226-2455


Chris Santana | President(925) 203-1106

[email protected] License # 01868378

Table of Contents

4 Investment Summary Executive & Investment Summary Leasing Abstract Financial Structure Rent Roll

9 Marketing Information Market Profile Market View

13 Marketing Information Property Summary

15 Tenant Profile Kelly-Moore Paints Co.

20 Demographics

© 2018 Northgate Commercial Real Estate. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make guarantee, warranty or representation about it. It is submitted subject to 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 they may not represent current or future performance of the property. You and your tax an legal advisors should conduct your own investigation of the property and transaction.

Investment Summary

Austin, Texas

MARKET VALUE: $2,474,182

CAP RATE: 5.50%

NOI: $136,080

OCCUPANCY: 100%

GLA: ±5,040 SQ FT

LOT SIZE: ±0.44 Acre

PROPERTY SUMMARY3600 Sisk Road · Modesto, California

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Investment Summary:

Asset Highlights:

• Corporate lease with Kelly-Moore Paint Company

• Ten (10) Year Net Lease commencing upon close of escrow

• Located at signalized intersection with excellent street visibility

• Area Co-Tenants include Safeway, Coddington Mall, Bank of America, Chavez Supermarkets, TJ Maxx, Staples, Round Table, Rite Aid, Autozone, and more

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Executive & Investment Summary1478 Guerneville Road Santa Rosa, California

Single Tenant Net Leased Investment

LEASE COMMENCEMENT: Close of Escrow

TERMS: 10 years

OPTIONS: 4 Options – 5 years each

RENT COMMENCEMENT: Close of Escrow

RENTAL INCREASES: 8% Every 5 years (base & option terms)

LEASE EXPIRATION: 10 years following Lease Commencement

DEPOSIT: None

LEASE TYPE: Single Tenant Modified Net

LANDLORD RESPONSIBILITES:Maintenance/replacement of the roof, structure, parking lot, exterior walls, HVAC (replacement only). Amortization of capital expenditures allowed subject to Lease Terms

TENANT RESPONSIBILITIES: Taxes, Insurance, and maintenance of the grounds, including the landscaping, glass replacement, and HVAC repairs/service contracts

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Kelly-Moore Paints

Leasing Abstract1478 Guerneville Road Santa Rosa, California


Market Information

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Santa Rosa, CaliforniaThe city of Santa Rosa is in the urban heart of wine country. The city’s handcrafted culture is at the leading edge of everything from microbrews to maker fairs. Santa Rosa is also the home of an estimated 186,000 residents and 8,900 businesses that contribute to the growth of its community.

• Approximately 8,900 businesses and nearly 84,000 employees contribute to the service and economical growth of the city of Napa

• Average household income exceeded in $62,000 in 2017

• An estimated 79,000 households within the city limits and expected to exceed by 0.7% in 2022

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Market Information1478 Guerneville Road Santa Rosa, California


Organization Product/Service Employees

County of Sonoma Government 4,834

Kaiser Pernamente Medial 2,640

Santa Rosa Junior College University - Academic 3.625

Top Employers:


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Market View - Northern View1478 Guerneville Road Santa Rosa, California



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Market View - Southern View1478 Guerneville Road Santa Rosa, California


Property Overview


Location: 1478 Guerneville Road | Santa Rosa, CA

APN: 041-043-056

GLA: ± 5,040 SQ FT

Lot Size: ± 0.44 ACRE (19,166 SQ FT)

Year Built: 1965

Zoning: General Commercial (CG)

Traffic Counts: Guerneville Road @ Site: ± 27,000 ADT

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Property Summary1478 Guerneville Road Santa Rosa, California


Tenant Profile

Mission

To provide high quality, innovative products with exceptional service at a fair value.

History

In 1946, William H. Kelly and William E. Moore recognized the unique needs of professional painting contractors for top-quality paint products and knowledgeable, efficient service at a fair price. This philosophy has allowed Kelly-Moore to grow from a single manufacturing facility and store in San Carlos, California, to one of the largest employee-owned paint companies in the United States. Its reputation for quality products is unsurpassed in the industry. The company produces some of the most technologically advanced paint products and sets the industry standard for new product development and quality control, and retains the reputation of "The Painter's Paint Store.”

About Kelly-Moore Paints

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Tenant Profile1478 Guerneville Road Santa Rosa, California


Not Just Your Neighborhood Paint Store

Kelly Moore has approximately 1,300 employees with nearly 150 retail paint stores and 120 Independent Dealers.

Employee Owned – You are working with an owner. In 1998, Mr. and Mrs. William E. Moore established the Kelly-Moore Paint Company Employee Stock Ownership Program (ESOP). Creating this program ensured the Moore Family tradition of providing only the highest level of service will continue for years to come.

Each employee-owner is committed to offering the best paint products along with exceptional customer service everyday.


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Manufacturing - Made in America Since 1946

Kelly-Moore has two strategically located, state-of-the-art manufacturing facilities in key markets: San Carlos, California and Hurst, Texas (outside Dallas). Our reputation for quality products is unsurpassed in the industry. Kelly-Moore produces some of the most technologically advanced paint products and sets the industry standard for new product development and quality control.

Our manufacturing facility in San Carlos is also the recipient of five widely recognized green business awards from the State of California and San Mateo County for outstanding efforts to reduce pollution and solid waste and conserve water, energy and other natural resources.


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Demographics

1 MI RADIUS 3 MI RADIUS 5 MI RADIUS

POPULATION

2018 Estimated Population 24,484 124,157 204,268

2023 Projected Population 24,750 125,617 206,580

2010 Census Population 22,794 118,744 194,730

Projected Annual Growth 2018 to 2023 266 0.2% 1,460 0.2% 2,312 0.2%

Historical Annual Growth 2010 to 2018 1,690 0.9% 5,413 0.6% 9,538 0.6%

HOUSEHOLDS

2018 Estimated Households 8,804 45,139 75,434

2023 Projected Households 9,117 46,703 77,986

2010 Census Households 8,138 42,985 71,682

Projected Annual Growth (2018-2023) 313 0.7% 1,565 0.7% 2,551

Historical Annual Change (2000-2018) 1,188 0.9% 5,827 0.8% 11,120

AVERAGE HOUSEHOLD INCOME

Estimated Average Household Income (2018) $67,100 $93,569 $100,683

Projected Average Household Income (2023) $78,131 $112,050 $121,407

Census Average Household Income (2010) $48,096 $66,676 $71,486

Projected Annual Change (2018-2023) $11,032 3.3% $18,482 4.0% $20,724 4.1%

Historical Annual Change (2000-2018) $18,570 2.1% $34,460 3.2% $37,569 3.3%

MEDIAN HOUSEHOLD INCOME

Estimated Median Household Income (2018) $57,704 $73,828 $78,519

Projected Median Household Income (2023) $65,858 $84,801 $90,295

Census Median Household Income (2010) $40,403 $55,059 $59,470

Projected Annual Change (2018-2023) $8,154 2.8% $10,973 3.0% $11,777 3.0%

Historical Annual Change (2000-2018) $15,609 2.1% $23,194 2.5% $24,965 2.6%

Austin, Texas

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Demographics1478 Guerneville Road Santa Rosa, California


1 MI RADIUS 3 MI RADIUS 5 MI RADIUS

RACE AND ETHNICITY Total Population (2018) 24,484 124,157 204,268White (2018) 13,750 56.2% 80,231 64.6% 138,054 67.6%

Black or African American (2018) 1,199 4.9% 4,169 3.4% 6,415 3.1%

American Indian or Alaska Native (2018) 498 2.0% 2,263 1.8% 3,416 1.7%

Asian (2018) 1,579 6.4% 7,114 5.7% 11,727 5.7%

Hawaiian or Pacific Islander (2018) 207 0.8% 508 0.4% 843 0.4%

Other Race (2018) 5,827 23.8% 22,921 18.5% 32,753 16.0%

Two or More Races (2018) 1,424 5.8% 6,951 5.6% 11,059 5.4%

EDUCATIONAL ATTAINMENT (2017)Adult Population Age 25 Years or Over 15,955 85,461 142,320Elementary (Grade Level 0 to 8) 2,266 14.2% 8,809 10.3% 11,637 8.2%

Some High School (Grade Level 9 to 11) 1,870 11.7% 6,844 8.0% 9,944 7.0%

High School Graduate 3,636 22.8% 18,109 21.2% 28,751 20.2%

Some College 3,965 24.8% 20,405 23.9% 35,318 24.8%

Associate Degree Only 1,249 7.8% 7,664 9.0% 13,036 9.2%

Bachelor Degree Only 2,144 13.4% 15,184 17.8% 27,858 19.6%

Graduate Degree 826 5.2% 8,446 9.9% 15,776 11.1%

Any College (Some College or Higher) 8,184 51.3% 51,698 60.5% 91,987 64.6%

College Degree + (Bachelor Degree or Higher) 2,970 18.6% 23,630 27.7% 43,633 30.7%

HOUSING Total Housing Units (2018) 9,051 46,503 77,773Total Housing Units (2010) 8,679 45,605 76,018Historical Annual Growth (2011-2018) 373 0.5% 897 0.2% 1,755 0.3%

Housing Units Occupied (2018) 8,804 97.3% 45,139 97.1% 75,434 97.0%

Housing Units Owner-Occupied 2,672 30.4% 22,459 49.8% 40,790 54.1%

Housing Units Renter-Occupied 6,131 69.6% 22,680 50.2% 34,644 45.9%

Housing Units Vacant (2018) 248 2.8% 1,364 3.0% 2,339 3.1%

BusinessTotal Businesses 1,511 7,963 11,090 Total Employees 12,716 64,126 92,020 19 | PG 19

Demographics1478 Guerneville Road Santa Rosa, California


Information About Brokerage Services

Sacramento, California Reno, Nevada

1. DUTIES AND RESPONSIBILITIES: A BROKER who provides Brokerage Services to one or both parties shall describe and disclose in writing the BROKER’s duties and responsibilities prior to the party or parties signing a contract to sell, purchase, option, or exchange real estate. BROKERS shall have the following duties and responsibilities which are mandatory and may not be abrogated or waived by a BROKER, whether working with one party, or working with both parties:

A. Treat all parties to the transaction with honesty and exercise reasonable skill and care; B. Unless specifically waived in writing by a party to the transaction:

1) receive all written offer and counteroffers; 2) reduce offers or counteroffers to a written form upon request of any party to

a transaction; and

3) present timely all written offers and counteroffers

C. Inform, in writing, the party for whom the BROKER is providing Brokerage Services when an offer is made that the party will be expected to pay certain closing costs and the approximate amount of the costs; D. Keep the party for whom the BROKER is providing Brokerage Services

informed regarding the transaction;

E. Timely account for all money and property received by the BROKER; F. Keep confidential information received from a party or prospective party confidential. The confidential information shall not be disclosed by a BROKER without the consent of the party disclosing the information unless consent to the disclosure is granted in writing by the party or prospective party disclosing the information, the disclosure is required by law, or the information is made public or becomes public as the result of actions from a source other than the BROKER. The following information shall be considered confidential and shall be the only information considered confidential in a transaction:

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The following information shall be considered confidential and shall be the only information considered confidential in a transaction:

1) that a party or prospective party is willing to pay more or accept less than what is being offered,

2) that a party or prospective party is willing to agree to financing terms that are different from those offered,

3) the motivating factors of the party or prospective party purchasing, selling, optioning or exchanging the property, and

4) information specifically designated as confidential by a party unless such information is public.

G. Comply with all requirements of the Oklahoma Real Estate Code and all applicable statutes and rules; H. When working with one party or both parties to a transaction, the duties and responsibilities set forth in this section shall remain in place for both parties.

2. BROKERAGE SERVICES: Services are provided to both parties to the transaction. The Oklahoma BROKER Relationships Law (Title 59, Oklahoma Statutes, Section 858-351 – 858-363) allows a real estate BROKER to provide brokerage services to both parties to the transaction. If the prospective BUYER wants to make an offer on the property, the BROKER must now provide a written notice to both the BUYER and SELLER that the BROKER is now providing brokerage services to both parties to the transaction. The law states that there are mandatory duties and responsibilities that must be performed by the BROKER for each party.

3. CONFIRMATION OF DISCLOSURE OF DUTIES AND RESPONSIBILITIES: The duties and responsibilities disclosed by the BROKER shall be confirmed in writing by each party in a separate provision, incorporated in or attached to the contract to purchase, option or exchange real estate.

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santa rosa guerneville rd 1478 a · 2018. 11. 13. · 1478 guerneville road santa rosa, ca for sale...

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