Offering Memorandum - LoopNet...The presence of any corporation’s logo or name is not intended to...

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MOBIL 391 W A St, Hayward, CA 94541 Offering Memorandum Business and Property

Transcript of Offering Memorandum - LoopNet...The presence of any corporation’s logo or name is not intended to...

Page 1: Offering Memorandum - LoopNet...The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation

MOBIL391 W A St, Hayward, CA 94541

Offering Memorandum

Business and Property

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CONFIDENTIALITY & DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by

the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of

Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, 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. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the

income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the

property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal

regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s

plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained

from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained

herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever

regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the

information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.

© 2017 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this

marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or

endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of

Marcus & Millichap, and is solely included for the purpose of providing tenant lessee

information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NON-ENDORSEMENT& DISCLAIMER NOTICE

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REGIONAL MAP

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Lot 2

Lot 1

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AERIAL MAP

VPD

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West A StVPD 39,292

VPD 39,292

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INVESTMENT OVERVIEW

Recently renovated, Iconic Mobil 1 branded fuel station with attached

Heart of the Bay Car Wash is located immediately off ext. 29 north-

bound on I880. There are 6 Gilbarco 600s installed in 2015 served

by Two 15,000 Gallon tanks Split 10,000 and 5,000 each installed in

2014. Splits are 10,000 Regular and 5,000 91 & 10,000 Diesel and

5,000 e85. The newly opened Carwash uses Sonny’s brand

equipment.

OFFERING SUMMARY:

Price $8,000,000

Gas 130,000/Month .60 Cent Margin

Convenience Store 70,000/Month Without Lotto

Wash 35,000/Month

Hydrogen Lease 4,000/Month

Gross Building (GLA) 2,267 SF

Lot 1 28,096 SF

Lot 2 7,651 SF

Total Lot 35,747 SF (0.83 Acres)

Year Renovated 2018

OFFERING SUMMARY

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TRANSACTION DETAIL

Prospective purchasers MUST NOT disturb the employees of the

station. Any site visits should be done with the consent of the

Broker/Seller. Profit and loss Statement, leases and all pertinent

information will be available with either an excepted LOI or

Confidential Agreement (CA).

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First Element Fuel, Inc. is a company committed to making safe, reliable, retail

hydrogen available with their True Zero brand for the world’s next-generation of

vehicles powered by fuel cells. True Zero is manufactured to be safe, non-toxic,

and pose no environmental hazards. When it is consumed in a fuel cell vehicle

the only byproduct is water vapor with zero harmful emissions. True Zero is

revolutionizing clean, efficient automotive transportation and protecting our

environment through the development of a state-of-the-science hydrogen

fueling network that spans the state of California.

LEASE SUMMARY:

Commencement December 31, 2015

Term 10 Years

Options (4) 5 year

Years Left on Lease 7 Years

Rent Increase 10% Each 5-year term

Tenant ResponsibilityGas, Electric, Telephone, Sewer, Water and

any other utilities used by tenant

FIRST ELEMENT FUEL INC

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LOT 2

The current plan for this lot is to expand the Carwash

business and create a Full- Service Detail. The price of

this lot has not been added to the asking price for the

station; it is merely an added bonus. There are no other

services like this in the sounding area and can

potentially add a new large revenue stream to the

business. The current drawings are estimated at

$250,000 in construction cost.

FULL-SERVICE DETAIL

Address22083 Arbor Ave,

Hayward, CA

Land Use Commercial

Lot Area 7,651 SF (0.18 Acres)

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Possible Site Plans

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LOT 2 PHOTOS

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SIDE VIEW PHOTOS

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CAR WASH PHOTOS

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CONVENIENCE STORE PHOTOS

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The Oakland metro is located on the east side of the San Francisco Bay and lower housing costs and quick access

across the Bay lure many San Francisco workers to the East Bay. The metro encompasses 1,470 square miles,

including nearly 20 miles of coastline, across Alameda and Contra Costa counties.

Redevelopment projects, especially in older areas of Oakland and Hayward, are helping to boost the population to 2.8

million residents in more than 30 municipalities. Oakland is the most populous city, with 430,700 people, followed by

Fremont and Hayward, which have 227,600 and 159,100 residents, respectively.

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LOCATION OVERVIEW

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DEMOGRAPHIC OVERVIEW

PopulationIn 2018, the population in your selected geography is

34,701. The population has changed by 22.13% since

2000. It is estimated that the population in your area

will be 35,036.00 five years from now, which represents

a change of 0.97% from the current year. The current

population is 50.15% male and 49.85% female. The

median age of the population in your area is 33.14,

compare this to the US average which is 37.83. The

population density in your area is 11,035.16 people per

square mile.

EmploymentIn 2018, there are 8,600 employees in your selected

area, this is also known as the daytime population. The

2000 Census revealed that 47.93% of employees are

employed in white-collar occupations in this geography,

and 52.88% are employed in blue-collar occupations. In

2018, unemployment in this area is 8.48%. In 2000, the

average time traveled to work was 31.00 minutes.

IncomeIn 2018, the median household income for your selected

geography is $59,331, compare this to the US average

which is currently $56,286. The median household

income for your area has changed by 29.44% since 2000.

It is estimated that the median household income in your

area will be $66,786 five years from now, which represents

a change of 12.57% from the current year.

The current year per capita income in your area is $22,781,

compare this to the US average, which is $30,982. The

current year average household income in your area is

$78,176, compare this to the US average which is $81,217.

HousingThe median housing value in your area was $387,903 in

2018, compare this to the US average of $193,953. In

2000, there were 3,510 owner occupied housing units in

your area and there were 5,039 renter occupied housing

units in your area. The median rent at the time was $760.

Race & EthnicityThe current year racial makeup of your selected area

is as follows: 37.44% White, 9.83% Black, 1.99%

Native American and 15.02% Asian/Pacific Islander.

Compare these to US averages which are: 70.42%

White, 12.85% Black, 0.19% Native American and

5.53% Asian/Pacific Islander. People of Hispanic

origin are counted independently of race.

People of Hispanic origin make up 55.93% of the

current year population in your selected area.

Compare this to the US average of 17.88%.

HouseholdsThere are currently 9,963 households in your

selected geography. The number of households

has changed by 16.54% since 2000. It is estimated

that the number of households in your area will be

10,277 five years from now, which represents a

change of 3.15% from the current year. The average

household size in your area is 3.24 persons.

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MOBIL - 391 W A STREET

CAMERON BIERWITHSan Francisco OfficeCell: 510-418-3717

Office: [email protected]

License CA 02031076