net leased fast auto loans

fast auto loans
Net leased asset
small price point, net leased fast auto loan store
located at a key intersection in sacramento
2431 Del Paso Boulevard, Sacramento, CA
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or Ma
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• corporate store
• high traffic counts
• strong demographics
PROperty Summary
Listing Team
Contact Info
Single tenant fast auto loan ASSET in sacramento
with high traffic counts, dense residential
population and strong tenant synergy.
Rentable SF. . . . . . . . . . . . . . . 2,835 SF
PRICE: $526,500
CAP: 7.15%
Price per SF . . . . . . . . . . . . . . . $185.54
dave lucas
[email protected] | (415) 274-7390
CA BRE# 01389761
aaron susman
[email protected] | (415) 481-0377
CA BRE# 01961568
lot size. . . . . . . . . . . . . . . . . . . 3,853 SF
Current Rent. . . . . . . . . . . . . $13.54/SF
Lease Expiration. . . . . . . . . . 8/31/2019
Capital Pacific collaborates. Click Here to
meet the rest of our San Francisco team.
[ new permanent signage installed late june 2016 ]
fast auto loan | 2
core characteristics
corporate store
Corporate Store operating on a 5 year lease with two 5 year options with
bumps in the options. Fast Auto Loans, Inc. has over 150 stores across
California and it’s parent company, Community Loans of America, has over
850 stores across the U.S.
strong tenant synergy
Fast Auto Loans is located within a larger shopping center anchored by
O’Reilly Auto Parts & Rite Aid. Other surrounding retailers include Walgreens,
McDonald’s, Subway, Taco Bell, Little Caesars Pizza and a Shell Gas Station.
dense residential population
The site boasts excellent population density. There are over 137,694 people
within a 3 mile radius with a dynamic mix of single family and multi-unit
residential homes.
High traffic intersection
Del Paso boulevard has average daily traffic counts in excess of 13,300 and
El Camino Ave has average daily traffic counts in excess of 19,500, with
combined total exposure to nearly 33,000 vehicles per day.
brand new roof
Subject property recently had a new roof installed that comes with a 20 year
warranty.
137,500+ Residents within a 3-mile radius
Excellent visibility
Fast Auto Loans is located in front of the Rite Aid/O’Reilly’s anchored shopping
center with clear visibility from Del Paso Boulevard, a key commuter boulevard
to downtown Sacramento. New permanent signage was just installed late
June 2016.
very replaceable rent
The lease was signed in the beginning of 2014 and rents have appreciated in
the submarket since then. The tenant, who opened 150 stores in California
over a three year period, did not open the store until May of 2016. If the
building were vacant today, an owner should budget approximately $18/SF
for market rent.
Net leased retail building
Tenant is responsible for paying all operating expenses including property
taxes, insurance and utilities.
sHARED PARKING AGREEMENT
There is a 15 year Shared Parking Agreement built into the lease, which allows
Fast Auto Loan customers to park in the O’Reilly/Rite Aid parking lot.
fast auto loan | 3
retail aerial
neighboring tenants include Rite Aid, O’reilly, McDonald’s & Walgreens
Grant West
High School
80
Dyer-Kelly
Elementary
ule
va
rd
Hagginwood
Elementary
Bo
Nehemiah
Christian
Academy
ARDEN FAIR MALL
vil
ys
ar
American
Lake
Elementary
Noralto
Elementary
Harmon
Johnson
Elementary
M
Tuxel Road
Hazel Strauch
Elementary
Bannon
Creek
Elementary
Martin Luther
King Jr. Technology
Academy
Northgate Boulevard
Rio Terra Jr.
High School
y
Cit
tal ay
i
p
Ca reew
F
Rio Linda Boulevard
Fairbanks
Elementary
le
Natomas
High School
Michael J.
Castori
Elementary
Alethea B. Smythe
Elementary
Northwood
Elementary
W El Camino Avenue
El Camino Avenue
El Camino Avenue
Howe Avenue
Elementary
St. Joseph
School
Garden Highway
®
Arden Way
l
De
o
oB
s
Pa
ard
Leo A. Palmiter
Junior & Senior
High School
v
ule
160
Lincoln Highway
Arden Way
POINT WEST PLAZA
th S
tree
t
Elvas
Freew
ay
5
N 12
Downtown Sacramento
& Capitol Buildings
Washington
Elementary
5
SACRAMENTO
CITY CENTER
fast auto loan | 4
aerial view
subject property has a brand new roof with a 20 year warranty
fast auto loan | 5
surrounding retail
Multiple points of ingress/egress
Exposure to over 32,500
vehicles daily
1
l
De
Newly constructed retail building
A
Parking
greeme
3
3,3
4 DAILY
rd
va
le
ou
oB
s
Pa
nt
shared parking agreement
19,568 DAILY
strong tenant synergy
El Camino Ave
fast auto loan | 6
surrounding retail
Subject property is in a rite
aid anchored shopping center.
there is a brand two tenant
development in the center with
little caesar’s & cricket wireless
fast auto loan | 7
income & expense
Current
Price:
Capitalization Rate:
Price Per Square Foot:
Total Rentable Area (SF):
Land Area (AC):
INCOME
Scheduled Rent*
Effective Gross Income
100.00%
$526,000
7.15%
$185.54
2,835
0.09
Per Square Foot
$13.54
$13.54
$38,400
$38,400
EXPENSE
Property Taxes
Insurance
Maintenance
Parking Agreement
TOTAL LAndlord EXPENSES
NET OPERATING INCOME
Tenant Paid
Tenant Paid
Tenant Paid
($779)
($0.27)
($779)
$37,621
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.

fast auto loan | 8
2
rent roll
Five year
options
TENANT INFO
Tenant
Fast Auto Loans
Current Totals:
LEASE TERMS
Term
Sq. Ft.
RENT SUMMARY
Monthly
Rent
Annual
Rent
Yearly Rent/FT
2,835
4/26/2014
8/31/2019
$3,200.00
$38,400.00
$13.54
Option 1
9/1/2019
8/31/2024
$3,520.00
$42,240
$14.90
Option 2
9/1/2024
8/31/2029
$3,872.00
$46,464
$16.39
$3,200.00
$38,400
$13.54
2,835
At any time after the 36th month during the term or any extension, the tenant may terminate this lease upon 30 days notice and by paying a termination
fee equal to six month’s rent at the then applicable monthly rental rate and tenant will reimburse to landlord any unamortized real estate commissions.
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.
fast auto loan | 9
site plan
Rio Linda Boulevard
NOT A PART
NOT A PART
NOT A PART
NOT A PART
POLE
SIGNS
Parcel outline:
Land Area:
3,853 SF
ue
en
Av
no
mi
DAILY
Ca
68
El
,5
19
Site Plan Key
Building Area: 2,835 sf
Ingress/Egress:
Del Paso Boulevard
13,334 DAILY
This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties,
expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.
fast auto loan | 10
tenant overview
www.fastautoandpaydayloans.com
about fast auto loans
Fast Auto Loans, Inc. enables customers to meet financial challenges by providing them with quick cash
from a title loan, which they guarantee in less than 30 minutes. A car title loan is a type of secured loan
where borrowers can use their vehicle title as collateral. Borrowers allow a lender to place a lien on their
car title, and temporarily surrender the hard copy vehicle title in exchange for a loan amount. Fast Auto
Loans, Inc. has over 150 stores across California and it’s parent company, Community Loans of America,
has over 850 stores across the U.S.
150+
Locations Across
CAlifornia
Fast auto loans inc. offers
competitive title loan products
fast auto loan | 11
demographics & regional map
Population
2010
2015
2020
1-Mile
3-Mile
5-Mile
16,078
16,274
16,741
135,025
137,694
142,166
321,093
327,534
338,147
1-Mile
3-Mile
5-Mile
$39,048
$51,604
$61,634
2015 Household incomes
Average
Top Employers in sacramento, ca
Employer
State of CA
Sacramento County
UC Davis Health System
Dignity Health
# of Employees*
69,763
11,450
7,725
7,069
sacramento
1 hr 33 min
95 miles
*Approximate
san francisco
fast auto loan | 12
location
Sacramento is the capital city of California, the sixth-largest city in the state and the
35th largest city in the country.
The urban Sacramento area has a population of 1.44 million while the Sacramento
metropolitan area -- which includes seven counties -- has an estimated population
of 2.66 million.
Government and transportation are key sectors of the economy. Technology related
companies such as Intel and Hewlett-Packard have increasingly been drawn to
Sacramento based on its proximity to research centers and well-educated labor pool.
Other economic drivers include health services, hospitality, education & construction.
Sacramento proper (current population
~1.44 million) is projected to grow 54% to 2.2
million by 2060.
site demographics
2015 Household incomes
Average
Median
Population
2010
2015
2020
1-Mile
3-Mile
5-Mile
$49,396
$42,545
$60,642
$48,826
$62,158
$48,920
1-Mile
3-Mile
5-Mile
13,354
14,249
15,147
120,174
123,751
128,555
261,781
267,329
276,237
FAST AUTO LOANS
top 5 employers in sacramento
Employer
State of California
Sacramento County
UC Davis Health System
Dignity Health/Catholic Healthcare West
Intel
# of Employees
69,763
11,450
7,725
7,069
6,633
fast auto loan | 13
A unique HUMAN
RESULTS-DRIVEN
client experience
dave lucas
The capital pacific experience - our daily commitment to our clients
[ www.CapitalPacific.com ]
[email protected] | (415) 274-7390
CA BRE# 01389761
aaron susman
[email protected] | (415) 481-0377
CA BRE# 01961568
Capital Pacific collaborates. Click Here to
meet the rest of our San Francisco team.
chris kostanecki
zeb ripple
chris peters
john andreini
dave lucas
joe caccamo
zandy smith
gregg steele
jack navarra
karla zens
aaron susman
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