SEARS MERCED, CA
Overview SEARS 1011 W OLIVE AVENUE, MERCED, CA 95348 Contact Broker PRICE 2018 NOI $466,301 Due Diligence Available (click HERE to sign confideniality agreement): Preliminary Zoning Report REA/CC&R s Survey Property Condition Report Tax Bills LEASABLE SF 92,624 LOT SIZE 9.38 AC LEASE TERM Leased through July 2025. Termination right with 180 day notice. ZONING PD1 Contact the team DAVE LUCAS dlucas@capitalpacific.com PH: 415.274.7390 CA BRE# 01389761 JOHN ANDREINI jandreini@capitalpacific.com PH: 415.274.7394 CA BRE# 01440360 KEVIN ADATTO kadatto@capitalpacific.com PH: 503.675.7726 OR BRE# 200003168 SEAN TUFTS stufts@capitalpacific.com PH: 206.693.3352 WA BRE# 74057 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 2
Ground Level Site Plan - See Broker for Recapture Lease Structure This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 3
Site Plan R STREET SEARS LOUGHBOROUGH DRIVE SITE PLAN NOTES: Sears attached to one story mall. Sears building is single story. Loading dock located at ground level. Building includes an interior auto center. JCPENNEY KOHL S WEST OLIVE STREET MAIN MALL ACCESS VEHICULAR ACCESS M STREET LOADING DOCK MAIN MALL ENTRANCE Does not include department store entrances. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 4
R ST AERIAL 23,370 VPD 40,018 VPD 20,710 VPD M ST W OLIVE AVE This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 5
MERCED MALL SITE PLAN 6 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 6
University of California, Merced UNIVERSITY OF CALIFORNIA, MERCED (UCM) is the tenth and newest of the University of California campuses. Most UC Merced students are from California with enrollment nearly evenly divided between Southern California, the Central Valley, and Northern California. UC Merced is the only institution in the United States to have all of its buildings on campus to be LEED certified. Its Triple Net Zero Commitment is expected to create zero net landfill waste and zero net greenhouse gas emissions by the year 2020. In November 2015, the University of California regents approved a $1.14 billion proposal to double the size of UC Merced, boosting its enrollment by nearly 4,000 students. The new space is expected to be built by 2020. STATISTICS TOTAL STUDENT ENROLLMENT BY CLASS Undergraduates: 7,375 Graduates: 592 TOTAL: 7,967 FACULTY AND STAFF TOTAL: 374 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 7
Submarket Overview RETAILERS IN CLOSE PROXIMITY INCLUDE: Target Hobby Lobby FoodMaxx Ross Food 4 Less Kohl s JCPenny Big Lots Michaels United Artists Regency Lowe s Best Buy Big 5 Sporting Goods CVS Barnes & Noble Walmart 9 Cents Only This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. BUSINESS SUMMARY TOTAL 1-MILE 3-MILES 5-MILES Businesses 795 2,539 2,694 Employees 10,189 33,439 36,078 Residential Population 17,100 88,136 101,543 KEY 1-MILE 3-MILES 5-MILES 8
Survey This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 9
MERCED, CA DEMOGRAPHICS POPULATION 1-MILE 3-MILES 5-MILES 2010 16,457 84,161 97,097 2017 16,784 89,685 104,450 SAN FRANCISCO (2 HRS, 131 MILES) 2022 17,226 92,744 108,182 2017 HH INCOME MERCED 1-MILE 3-MILES 5-MILES Average $55,136 $65,275 $66,785 Median $36,885 $43,957 $44,933 TOP EMPLOYERS EMPLOYER # OF EMPLOYEES County of Merced 2,028 University of California, Merced 1,602 Mercy Medical Center Merced 1,200 Merced City School District 1,141 Merced Union High School District 949 THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS IS OVER $66K This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 10
Location Overview MERCED, CALIFORNIA YOSEMITE NATIONAL PARK MERCED is located less than two hours west of Yosemite National Park. To the west of Merced, lies Monterey Bay, the Pacific Ocean, and several beaches. Merced is a dynamic community of about 84,464 people. The University of California Merced campus, opened in 2005, provides new educational and economic opportunity, adding to the already-established growth of the region. Located in the heart of California s agricultural Central Valley, Merced is the region s hub for education, culture, and business. The community offers abundant shopping, pleasant neighborhoods and tree-lined streets. Even with recent increases in prices, Merced s housing remains affordable compared to many other California locations. Merced s revitalized downtown is emerging as the entertainment center of the area. Merced s valley location southeast of San Francisco provides easy access to the central California coast, Sierra Nevada mountains and national parks, and major cities. Merced has historically been the Gateway to Yosemite, and residents also enjoy short drives to skiing, beaches, fishing, and other outdoor attractions. MERCED IS HOME TO UC CALIFORNIA, MERCED This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 11
We d love to hear from you. DAVE LUCAS dlucas@capitalpacific.com PH: 415.274.7390 CA BRE# 01389761 KEVIN ADATTO kadatto@capitalpacific.com PH: 503.675.7726 OR BRE# 200003168 JOHN ANDREINI jandreini@capitalpacific.com PH: 415.274.7394 CA BRE# 01440360 SEAN TUFTS stufts@capitalpacific.com PH: 206.693.3352 WA BRE# 74057 CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM: ZEB RIPPLE JOHN ANDREINI ZANDY SMITH CHRIS KOSTANECKI JOE CACCAMO RICK SANNER CHRIS PETERS DAVE LUCAS JACK NAVARRA This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
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