Land Owned by Wal-MartPROPERTY OVERVIEW. Location. 1780 E. Main St Woodland, CA 95776. APN....
Transcript of Land Owned by Wal-MartPROPERTY OVERVIEW. Location. 1780 E. Main St Woodland, CA 95776. APN....
E MAIN STREET
Land Ownedby
Wal-Mart
AuctionProperty ID- B185-112
FOR SALEAPPLE VILLAGEWOODLAND, CA
Mark Denholm916. 274. [email protected] BRE #01437366
Jon Gianulias916. 274. [email protected] BRE #01227233
Exclusively Listed by:
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
PROPERTY OVERVIEWLocation 1780 E. Main St
Woodland, CA 95776
APN 027-860-007
Occupancy 18%
Leasable Building Area ±11,126 SF
Land Area ±0.96 acres
Year Built 2003
OFFERING HIGHLIGHTS• Regional draw with great exposure
• Wal Mart and Home Depot shadow anchored
• Easy Freeway access
• 29,000 VPD on E. Main St
• Significant Value Add opportunity
AUCTIONMarketing Period June 7th through July 27th
Due Diligence Period June 7th through July 27th
Live Online Bidding July 25th through July 27th
BIDDING AT AUCTION.COMJuly 25 - 27, 2016*
www.ten-x.com
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
PROFORMA INCOME & EXPENSE
INCOME CAPITALIZATION
Valuation Summary 1/15-‐12/15 In-‐Place Stabilized
Min. Rent, Leased 2,025 SF 43,107 35,232 1
Min. Rent, Vacancies 9,101 SF 136,515 2
NNN, Leased 11,795 15,795 3
NNN, Vacancies 70,988
Total Gross Income $54,902 $258,530
Vacancy Allowance 10% 10% -‐25,853
Effective Gross Income $54,902 $232,677
Expenses
Common Area Charges 26,114 26,114 4
Property Taxes 11,550 11,550 5
Insurance 5,007 5,007 6
Management Fee 3.0% 1,293 3.0% 5,152 7
Total Expenses -‐43,964 -‐47,823
Net Operating Income $10,938 $184,853
Footnotes
1 18% leased, expires 1/2017
2 Assumes $15 NNN for vacancies3 Assumes all leases NNN including management fees4 estimated from past actuals plus inflation5 Reassessed on transfer at 1.05%6 Estimated at $0.35/sf/yr7 3% of base rent is appx equal to current Mgmt, office costs, fees and administrative costs
Stabilized
35,232 1
136,515 2
15,795 3
70,988
$258,530
10% -‐25,853
$232,677
26,114 4
11,550 5
5,007 6
3.0% 5,152 7
-‐47,823
$184,853
Stabalized Income and Expense
Min. Rent, Leased 2,025 SF
Min. Rent, Vacancies 9,101 SF
NNN, Leased
NNN, Vacancies
Total Gross Income
Vacancy Allowance 10%
Effective Gross Income
Expenses
Common Area ChargesProperty TaxesInsuranceManagement Fee 3.0%
Total Expenses
Net Operating Income
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
SITE PLAN
FORMER CREDIT UNIONSuite 6- 3,549 SF
FORMER ELITE WIRELESS Suite 5- 1,750 SF
FORMER RESTAURANT Suite 2 - 1,250 SF
FORMER RESTAURANT Suite 3 - 1,300 SF
FORMER RETAILSuite 4 - 1,252 SF
East Main Street | 29,000 CPD
2,025 SF
Expires 01/2017
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
RENT ROLL
MarketSuite Tenant Sq Ft (±) Share Start End Annual Monthly $/SF Rent Comments
01 GameStop 2,025 18.2% Sep-‐03 Jan-‐17 $35,235 $2,936 $1.45 $1.50 Rent Reduced from $5,062 ($2.50)
Leased GLA 2,025 18.2% 02 AVAILABLE (Former Restaurant) 1,250 11.2% $1.2503 AVAILABLE (Former Restaurant) 1,300 11.7% $1.2504 AVAILABLE (Former Retail) 1,252 11.3% $1.2505 AVAILABLE (Former Elite Wireless) 1,750 15.7% $1.25 06 AVAILABLE (former Travis CU) 3,549 31.9% $1.25
Subtotal -‐ AVAILABLE 9,101 81.8%
TOTAL OFFERING 11,126
Rent - In Place
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
East Main Street | 29,000 CPD
Land Ownedby
Wal-Mart
HWY 5 | 41,000 CPD
RETAIL AERIAL
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
PARCEL MAP
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
About WoodlandWoodland is the county seat of Yolo County, located in California’s Central Valley. Woodland is located 20 miles northwest of Sacramento at the intersection of Interstate 5 and State Route 113. To the south is the City of Davis, with its University of California campus. The Sacramento International Airport is eight miles to the east. Waterways include the Yolo Bypass and Sacramento River to the east, Willow Slough to the southeast, and Cache Creek to the north.
Woodland has a strong historic heritage, which is refl ected in an impressive stock of historic buildings in its downtown area and surrounding neighborhoods. Woodland’s agricultural setting is largely responsible for the community’s distinct identity and plays and important economic role in Woodland. Due to its proximity to major transportation nodes, Woodland has also become increasingly important as a manufacturing and distribution center.
Spring Lake DevelopmentSpring Lake includes the current development of 1,097 acres located primarily south of Gibson Road and east of SR 113, immediately south of the City limits. When completed, the development will comprise approximately 4,037 dwelling units on±665 acres, 11 acres of neighborhood commercial uses, over 280 acres of public and quasi public and uses, about 34 acres of park land, and over 100 acres of major streets and roads. Overall residential density will equate to about 6.1 units per acre. The Plan will result in build-out of about 11,270 people.
Woodland GatewayWoodland Gateway is a 55 acre retail center, including 525,000 square feet of shopping space, in east Woodland at County Road 102 and Interstate 5 by Petrovich Development Co. This site includes Costco, Target, Best Buy, Old Navy, Famous Footwear, Michael’s Arts and Crafts,, Pet Extreme, In-N-Out Burger, and others.
WOODLAND, CALIFORNIA
SUBJECT
To Learn More About Woodland’s Local Business click here
To Learn More About Woodland’s Economy click here
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
COMPETITIVE PROPERTIES SURVEY
W o o d l a n dW o o d l a n dW o o d l a n dW o o d l a n dW o o d l a n dW o o d l a n dW o o d l a n dW o o d l a n dW o o d l a n d
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WEST COURT PLAZA Big Lots
SHADE TREE PLAZA Rite Aid (dark),McMahon's (dark)
WESTGATE CENTER Raley's, JoAnn Fabrics
True Value Hardware
COUNTY FAIR MALL JCPenney, BurlingtonCoat Factory
SYCAMORE POINTEFood 4 Less, Big 5
Dollar Tree
Nugget Market
WOODLAND CROSSROADS OSH, Grocery Outlet, O�ce Depot,Ross, Tractor Supply Co.
WOODLAND GATEWAY Costco, Michaels, Best Buy, Target
YOLO POLO PLAZAWal-Mart, Staples
Home Depot
Walgreens
WOODLAND PLAZA Marshalls, CVS Pharmacy
GIBSON PLAZABel Air
MilesMilesMilesMilesMilesMilesMilesMilesMiles
KMKMKMKMKMKMKMKMKM
1/21/21/21/21/21/21/21/21/2
1/21/21/21/21/21/21/21/21/2
WOODLAND, CALIFORNIAMajor Retailers
Rite Aid
Please email [email protected] or fax 916. 274. 4409 any edits to Jon Gianulias
Goodwill
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
©2016, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography
2016 Estimated Population 10,571 47,816 59,587
2021 Projected Population 10,847 49,261 61,409
2010 Census Population 10,043 45,510 56,853
2000 Census Population 6,074 39,343 50,640
Projected Annual Growth 2016 to 2021 0.5% 0.6% 0.6%
Historical Annual Growth 2000 to 2016 4.6% 1.3% 1.1%
2016 Median Age 31.5 34 34.8
2016 Estimated Households 3,249 16,228 20,708
2021 Projected Households 3,426 17,210 21,966
2010 Census Households 3,003 14,995 19,196
2000 Census Households 1,888 12,981 17,145
Projected Annual Growth 2016 to 2021 1.1% 1.2% 1.2%
Historical Annual Growth 2000 to 2016 4.5% 1.6% 1.3%
2016 Estimated White 56.7% 60.6% 61.8%
2016 Estimated Black or African American 1.9% 1.8% 1.7%
2016 Estimated Asian or Pacific Islander 13.2% 7.6% 7.1%
2016 Estimated American Indian or Native Alaskan 1.1% 1.2% 1.3%
2016 Estimated Other Races 27.1% 28.7% 28.2%
2016 Estimated Hispanic 48.5% 49.8% 48.2%
2016 Estimated Average Household Income $86,010 $71,845 $75,692
2016 Estimated Median Household Income $77,474 $60,224 $62,593
2016 Estimated Per Capita Income $26,437 $24,582 $26,473
2016 Estimated Elementary (Grade Level 0 to 8) 10.2% 11.3% 10.8%
2016 Estimated Some High School (Grade Level 9 to 11) 7.6% 9.9% 9.3%
2016 Estimated High School Graduate 16.0% 23.7% 24.2%
2016 Estimated Some College 24.0% 21.8% 22.2%
2016 Estimated Associates Degree Only 6.8% 7.7% 8.7%
2016 Estimated Bachelors Degree Only 21.3% 15.2% 14.7%
2016 Estimated Graduate Degree 14.0% 10.4% 10.1%
2016 Estimated Total Businesses 204 1,848 2,396
2016 Estimated Total Employees 2,348 20,547 27,953
2016 Estimated Employee Population per Business 11.5 11.1 11.7
2016 Estimated Residential Population per Business 51.8 25.9 24.9
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1780 E Main St1 mi radius 3 mi radius 5 mi radius
Woodland, CA 95776
DEMOGRAPHICS APPLE VILLAGEWOODLAND, CA
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
PROPERTY PHOTOS
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
INTERIOR PHOTOS
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
ADJACENT PROPERTY PHOTOS
Jon Gianulias916. 274. [email protected]
Mark Denholm916. 274. [email protected]
APPLE VILLAGEWOODLAND, CA
3 PROOF OF FUNDS, ENTITY DOCUMENTATION, AND BIDDING Details onAuction.com’squalifyingprocess forproofof funds and certificationofpurchaseentity are available
online.Bidsareplacedviatheproperty’slistingpageafteryou’veregisteredforthisauction.
4 CLOSING WinningBiddersarecontactedviaphoneandemailfollowingtheauction,andmustbeavailableviaphonewithin2
hoursofthesaletoreceiveinstructionsonthepurchaseagreementandclosingdocuments.
This property is available for sale at
Bids will be accepted July 25 - 27th 2016.Property ID- B185-112
Property Website: www.ten-x.com
1 REGISTER Go to auction.com to create an account (or log in to your existing account) and register for this auction through this
property’s listing page.
2 DUE DILIGENCE, FINANCING, AND DEPOSIT Due diligence documents are available for review now, and buyers must complete their review of documents prior
to purchase. The winner’s purchase agreement contains no inspection or review contingency, and close of escrow is approximately 24 hours after acceptance of the winning bid. Auction.com does not provide or facilitate financing, and all purchases must be funded in cash. If you intend to bid, Auction.com will require a bidder deposit, applicable to purchase price and fully refundable to non-winning bidders. See Auction.com for details.
BIDDING PROCESS
COPYRIGHT © 2016. ALL RIGHTS RESERVED. CORE Commercial (“Agent”), CA DRE Lic. 01904661, has presented this brief, selected information pertaining to the Property and shall not be considered all-inclusive or unchanged since the date of preparation. No warranty as to the accuracy or completeness is expressed or implied. The information has been received from sources believed to be reliable but is not guaranteed. Prospective purchasers and tenants should independently verify each item of information and have the same reviewed by its tax advisor and/or legal counsel. The Property is being offered on an “as-is, where-is” and “with all faults” basis unless otherwise specified. Owner reserves the right to withdraw this offering at any time, without further notice, with or without cause.
Apple Village Shopping CenterWoodland, California