FOR SALE - LoopNet...FOR SALE 1001 S EL CAMINO REAL SAN CLEMENTE, CA 92672 1001 SO. EL CAMINO REAL,...

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SVN | VANGUARD | 120 W. 5TH STREET, SUITE 210, SANTA ANA, CA 92701 OFFERING MEMORANDUM Sharon Browning Senior Advisor 949.632.1488 [email protected] CalDRE #00854083 FOR SALE 1001 S EL CAMINO REAL SAN CLEMENTE, CA 92672

Transcript of FOR SALE - LoopNet...FOR SALE 1001 S EL CAMINO REAL SAN CLEMENTE, CA 92672 1001 SO. EL CAMINO REAL,...

Page 1: FOR SALE - LoopNet...FOR SALE 1001 S EL CAMINO REAL SAN CLEMENTE, CA 92672 1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard|Page 2 The information presented here …

SVN | VANGUARD | 120 W. 5TH STREET, SUITE 210, SANTA ANA, CA 92701 OFFERING MEMORANDUM

Sharon BrowningSenior [email protected] #00854083

FOR SALE1001 S EL CAMINO REALSAN CLEMENTE, CA 92672

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1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

The material contained in this 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 photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN 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 Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to 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 SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this 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 representations 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 SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering B rochure i s a s olicitation o f i nterest o nly a nd i s n ot a n o ffer to se ll th e Property. Th e Ow ner expressly reserves the right, at its sole discretion, to reject any or all expressions 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 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 acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN 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

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$2,280,000

22,800 SF

1970

2,123 SF

C-2 commercial retail

South Orange County

Dana Point

OFFERING SUMMARY

Sale Price:

Lot Size:

Year Built:

Building Size:

Zoning:

Market:

Submarket:

Price / SF:

Cap Rate:

$1,073

PROPERTY HIGHLIGHTS

• Orange County Beach Community

• Major North/South Arterial

• Adjacent to Interstate 5

• Market Barriers To Entry

• Rare Drive-Through Property

• 190' El Camino Real Street Frontage

• Strong Retail Area

• Long Term Tenants

• Parcel to Ralph's Grocery

• .52 Acre Parcel

• Fee Simple Ownership

1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Property Summary

2.5%

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INCOME SUMMARY

Gross Income 78,000

EXPENSE SUMMARY

Gross Expenses 20,668

Net Operating Income 57,332

1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Income & Expenses

Page 5: FOR SALE - LoopNet...FOR SALE 1001 S EL CAMINO REAL SAN CLEMENTE, CA 92672 1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard|Page 2 The information presented here …

1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Property Description

PROPERTY OVERVIEW

For Sale. Unique investment or potential redevelopment opportunity with barriers to entry in a southern California beach community. A 2,213 square foot 2-tenant retail building with drive-through built in 1970 and situated on .52 acre (22,800 SF) parcel. Located on busy commercial north/south arterial of El Camino Real in the beach community. Easy access to 5 Freeway.

Currently generating approximately $78,000 annual gross rental income with annual expenses of approximately $20,000 annually. New roof in 2018. The coffee shop has a drive-through and their lease expires in August 2019. The florist lease expires in March 2020. Tenants pay their own utilities. No options to extend. Value-add as future leases may potentially be converted to NNN leases.

LOCATION OVERVIEW

Approximate 2,123 square foot 2-tenant building built in 1970. Situated on a .52 acre (22,800 SF) parcel. Located in San Clemente (Orange County), California along major arterial of El Camino Real in beach the community connecting Dana Point to the north and Oceanside to the south. Easy access to Interstate 5. Tenants include a flori t and a coffee shop with drive through.

SALE HIGHLIGHTS

• Orange County Beach Community

• Major North/South Arterial

• Adjacent to Interstate 5

• Market Barriers To Entry

• Rare Drive-Through Property

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1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Location Summary

San Clemente is a city in Orange County, California. Located on the California Coast, midway between Los Angeles and San Diego, the southernmost city of Orange County is known for its ocean, hill, and mountain views, a pleasant climate and its Spanish Colonial style architecture. San Clemente's city slogan is "Spanish Village by the Sea".

Easy access to Interstate 5 and the Foothill Transportation Corridor. Neighboring cities include Dana Point, San Juan Capistrano, Laguna Beach, and Mission Viejo. The city is also served by Amtrack’s and Metrolink between Los Angeles and San Diego. According to the 2010 United States Census, San Clemente has a population of 63,522 and a median household income of $87,184.

Known as the “Spanish Village by the Sea”, San Clemente has long been known for its Spanish style architecture. Downtown San Clemente restaurants and shops are adorned with red tile roofs, cream stucco walls, and dark wood doors and windows. The historic "North Beach" area is home to San Clemente's Casino Building and Ole Hanson Beach Club, which were renovated in 2010 and 2016.

San Clemente has a Mediterranean climate where temperatures tend to average in the 70s °F. The warmest month of the year is August, with an average temperature of 79 °F (26 °C).

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1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Regional Map

SUBJECT PROPERTY

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1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Retailer Map

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POPULATION 1 MILE 3 MILES 5 MILES

Total population 11,920 40,897 67,426

Median age 40.3 39.4 40.6

Median age (Male) 38.4 38.5 40.0

Median age (Female) 41.2 39.8 41.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,003 15,754 25,243

# of persons per HH 2.4 2.6 2.7

Average HH income $102,704 $107,617 $112,581

Average house value $927,687 $876,554 $833,694

* Demographic data derived from 2010 US Census

1001 SO. EL CAMINO REAL, SAN CLEMENTE, CA 92672 SVN | Vanguard | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Demographics Map