Willow Pa

ss Rd

Downtown Concord

CrossroadsHigh School

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d t c n f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

2700-2708Willow Pass RoadConcord, CA 94519

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

Offering SummaryStarboard Commercial Brokerage Inc, as Exclusive Brokerage to the Seller, is pleased to present the opportunity to acquire the 100% fee simple interest in 2700-2708 Willow Pass Road, Concord, CA (the “Property”), a 5,293 square foot Multi-Tenant Retail building, the building is currently split up into two spaces, Minuteman Press and Fit Body. The property is 100% occupied with significant near-term upside with tenants paying below market rent. The subject property is located between Downtown Concord and a growing residential community, with over 12,000 new residential units scheduled to break ground in the near future. the building was built in 1945 and is made of a sturdy reinforced concrete foundation with a concrete block frame. The HVAC units were replaced in 2009 along with ADA upgrades to the front of the building. The building has 3 phase power and a dock high roll-up door in the rear of the Minuteman Press space. Proximity to the Concord Blvd highway exit and Concord BART station makes this an excellent value and opportunity for an investor.

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

Tenant Overview

MINUTEMAN PRESS

Minuteman Press locations are full-service design, print and marketing centers serving the entire business community from small businesses to Fortune 500 companies. Customers range from local organizations, government groups, non-profits, professional sports teams, businesses, entrepreneurs, consumers, and more.

1n 1973, founder Roy Titus and his son, Bob, opened the first Minuteman Press location in Plainview, N.Y. Originally a quick copy center, it later developed into a one-stop, full service Minuteman Press center that could fulfill the complete printing needs of any business by utilizing new print systems that were developed by the 3M Company. He then opened several additional locations and decided to start franchising.

After successfully franchising in Long Island, Minuteman Press continued to grow at a rapid pace and expanded first throughout the United States and then later into other countries. To make sure that each Minuteman Press franchise owner had the ongoing local support they needed, Roy and Bob Titus set up regional offices that continue to help franchises grow and thrive to this day. Today, Minuteman Press is proud to have nearly 1,000 franchises backed by local support teams around the world in five countries including the U.S, Canada, South Africa, Australia, and the United Kingdom.

masses, founder and CEO Bedros Keuilian realized that the fitness industry was migrating to a new fitness training model: boot camp style training. The fitness boot camp business model afforded the business owner greater profits as well as more opportunity to leverage and scale while providing clients with additional exercise programming, more flexibility in scheduling, and less monetary barriers than expensive private training.

FIT BODY CAMP

Fit Body Camp is home of the Afterburn workouts – a group personal training program offering high energy, fun, and challenging workouts designed to burn maximum fat and tone in only 30 mintues.

After recognizing that the ‘traditional’ way of operating a personal training business was flawed and incapable of servicing the growing fitness needs of the

But even while the business model was yet to be entirely perfected, the initial success of this new format proved that personal training was scalable. Bedros then realized that he could transform his business into one that was not only far more profitable but also more available for individuals with fewer resources than the celebrities and the financially elite who were his usual clients. So he evolved the ‘raw’ fitness boot camp model to what many have called “the perfect fitness business.” He created Fit Body Boot Camp, an indoor fitness boot camp business complete with the proven step-by-step operation, marketing, sales, retention, and referral generation systems.

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

Property Overview

Demographics

Street Address 2700-2708 Willow Pass Road

City,State,Zip Concord,CA 94519

County Contra Costa

Year Built 1945

Parking 7 Surface Spaces

Purchase Price $1,460,000.00

CAP Rate 6.72%

Price Per SF $276.00

Proforma Cap Rate (2020 Income) 6.90%

NOI $96,173.00

POPULATION 1 Mile 3 Mile 5 Mile

2000 Total Population 21,952 117,479 234,374

2010 Total Population 22,270 117,428 239,887

2017 Total Population 24,290 125,481 260,055

2022 Total Population 25,517 130,307 272,884

Population Change 2000 to

20101.4% 0.0% 2.4%

Population Change 2000 to

201710.7% 6.8% 11.0%

Population Change 2010 to

202214.6% 11.0% 13.8%

Population Change 2017 to

20225.1% 3.8% 4.9%

HOUSEHOLDS 1 Mile 3 Mile 5 Mile

2000 House-holds 8,259 43,497 89,925

2010 House-holds 8,382 43,336 91,439

2017 House-holds 8,712 44,652 95,526

2022 House-holds 9,037 45,751 98,604

2000 to 2010 Household

Change1.5% -0.4% 1.7%

2000 to 2017 Household

Change5.5% 2.7% 6.2%

2010 to 2022 Household

Change7.8% 5.6% 7.8%

2017 to 2022 Household

Change3.7% 2.5% 3.2%

INVOICE 1 Mile 3 Mile 5 Mile

Up to $24,999 22.0% 17.8% 14.4%

$25,000 to $49,999 22.7% 18.5% 15.5%

$50,000 to $74,999 21.5% 19.7% 17.1%

$75,000 to $124,999 19.7% 22.8% 24.0%

$125,000 to $199,999 11.4% 16.5% 19.5%

$200,000 or more 2.6% 4.7% 9.5%

Median Income Change 2000 to

201020.0% 15.3% 21.2%

Median Income Change 2000 to

201721.8% 23.6% 29.3%

Median Income Change 2010 to

20226.9% 10.3% 10.0%

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

Financial Overview

Suite Tenant SF Lease Start Expiration Mo. Base Rent $/SF/MoAnnual

Base Rent $/SF/Yr TypeBldg Pro Rate% Options Comments

A 2708 Willow Pass Road

Fit Body 1,458 1/1/18 12/31/18 $1,676 $1.15 $20,112 $13.79 MG 28% 1x1 Year

LL Pays: Taxex, Ins, Reparis, and Mainte-

nance to Roof & Struc-ture

After 1/1/19 $1,730 $1.19 $20,760 $14.24 Tenant Pays: Garbage,

PG&E, Window and Security Repairs

B 2700 Willow Pass Road

Minuteman Press 3,793 12/1/17 12/31/22 $6,258 $1.65 $75,096 $51.51 NNN 72% 1x5 Year

Tenant Pays: Propor-tionate share of Pro

1/1/-12/31/19 $6,445.74 $1.70 $77,349 $53.05

1/1/-12/31/20 $6,639.11 $1.75 $79,669 $54.64

Tenant must give 180 days prior written notice

to Landlord for lease renewal

1/1/-12/31/21 $6,838.29 $1.80 $82,059 $56.28

1/1-12/31/22 $7,043.43 $1.86 $84,521 $57.97

Common Area 42

Leased SF 5,251 100% Monthly Rent Avg RentAnnual Income

Available SF 0 0.00% $9,664.00 $1.33 $95,208

Total SF 5,293 100%

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

Financial Overview

Current Current Income Proforma Income 2020

Annual Income SF $/MO $/SF/MO Annual Rent $SF/MO

Fit Body 1,458 $1,676.00 $1.15 $20,598 $26,244 $1.50

Minuteman Press 3,793 $6,258.00 $1.65 $76,786 $79,669 $1.75

Common Area 42

Gross Rental Income 5,293 $7,934.00 $1.40 $97,384 $105,913 $1.67

CAM Reinbursment (Minuteman Press) $16,034 $22,270 Upside in Gross Income

Effective Gross Income $113,418 $128,183 14.00%

OPERTATING EXPENSES $/SF/MO Actual AmountProforma Amount

Repairs & Maintencnce Roof and

HVAC$0.21 $1,100 $1,100

Landscaping $750 $750

Management (3%) $0.55 $2,922 $3,177 Insurance $0.68 $3,600 $3,600

Property Taxes (1.1009%) +$1,408 Special Assesment Taxes $2.97 $6,925 $16,139

Total Operating Expenses $4.55 $15,297 $24,766

Existing NOI $96,173 $101,299

Current Cap Rate/Proforma 6.60% 6.90%

Asking Price $276 $1,460,000 $1,460,000

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

Investment Highlights

» 2700-2708 Willow Pass Road is a 5,293 square foot, the free-standing retail building comprised of two (2) retail spaces.

» The building benefits from an excellent location on Willow Pass Road, one of the main thoroughfares in Concord. This is an exceptional value-added opportu-nity for the investor.

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

Property Overview

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

Property Map

2700 - 08Willow Pass Rd

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

Marke

t St

Concord Ave

Clayton Rd

Galin

do S

t

East

St

Port

Chic

ago

Hwy

Mount Diablo High School

Concord StationEllis Lake

Park

John Muir Health, Concord Medical Center

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

Willow Pass Rd

HANS HANSSON415.517.2589 hans@starboardnet.com CA BRE #00872902

JANE WOOLLEY925.366.4190 jane@starboardnet.comCA BRE #01832781 ENTREPRENEURIAl • LOCAl • INDEPENDENT

COMMERCIAL REAL

t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d t c n f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .

This Offering Memorandum has been prepared to provide summary, unverified information to prospective buyers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Starboard has not made any investigation, and makes no warranty or representation, with respect to income or expenses for the subject property, future projected financial performance of property, size and square footage of property and improvements, presence or absence of contaminating substances, PCB's or asbestos, compliance with State and Federal regulations, condition of improvements thereon, or financial condition or business prospects of any tenant, or any tenant ’s plans or intentions to continue its occupancy of subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Starboard Commercial Brokerage Inc. has not verified, and will not verify, any of the information contained herein, nor has Starboard Commercial Brokerage Inc. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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