Offering Memorandum - LoopNet...The presence of any corporation’s logo or name is not intended to...
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MOBIL391 W A St, Hayward, CA 94541
Offering Memorandum
Business and Property
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
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
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
LOT 2 PHOTOS
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SIDE VIEW PHOTOS
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