Manteca Marketplace

Transcription

Manteca Marketplace

Manteca Marketplace
Manteca, CA
3 Pa r k P l a z a , S u i t e 5 5 0 • I r v i n e , C A 9 2 614 Te l 94 9 . 8 3 3 . 3 3 8 0 Fa x 94 9 . 8 3 3 . 3 3 8 2 • w w w. R E Z A c o m p a n i e s . c o m
The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of Manteca Marketplace 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 REZA Investment Group Inc. or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is REZA Investment Group Inc., and no other
person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment 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 REZA Investment Group Inc.
Neither REZA Investment Group Inc. 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 performance of the
Property. This Offering Brochure may include certain statements and estimates by REZA Investment Group with respect to the projected future performance of
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, REZA
Investment Group Inc. and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this
Investment 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 REZA Investment Group
Inc., nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this
Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.
This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner 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
Investment 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 REZA Investment Group Inc. 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.
Pursuant to the Exclusive Listing Agreement provided by Owner to REZA Investment Group Inc. (Broker) and the specified conditions therein, there are no
brokerage commissions, finder’s fees, or other compensation in connection with sale of the subject Property to any other broker or third party. Any third party
broker shall only look to Buyer for any fees.
Seller herby advises receiving party that seller is not currently the owner of the property, and receiving party expressly acknowledges and
understands that any transaction contemplated herein is expressly subject to and conditioned upon seller becoming the owner of the property
pursuant to successful completion of the pending merger between seller and Pan Pacific Retail Properties, Inc.
Manteca Marketplace
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Manteca, CA
Table of Contents
1
2
3
Executive Summary
Property Highlights
4
5
Financial Analysis
Appendix
Area Overview
Manteca Marketplace
Manteca, CA
Executive Summary
Executive Summary
Manteca Marketplace is a 171,973 square foot grocery anchored
community shopping center located in Manteca, CA. The property is
prominently situated on the northwest corner of N. Union Road and
W. Yosemite Avenue.
•
The offering includes six separate parcels on approximately
13.27 acres. This provides flexibility in the event an investor
elects to spin off a portion of the center individually in the
future.
Investment highlights of this property include:
•
The anchor tenant rents in the shopping center (Save Mart,
Rite Aid, Stadium 10 Cinemas, Dollar Tree) average $8.60
per square foot; and shop tenant (below 5000 square feet,
excluding pads) rents average only $19.70 per square foot. This
provides an investor with potential upside, as well as downside
protection, in the event an anchor or in-line space needs to be
re-leased in the future.
•
Manteca is a rapidly growing market with its population base
having increased by more than 27% over the past five years.
Furthermore, Manteca’s population is projected to continue to
experience long-term growth. Centrally located and considered
an extension of both the Bay Area and the Sacramento market,
Manteca’s close proximity to the high growth cities of Stockton
and Modesto position the city directly in the path of growth.
•
High profile anchor tenants include Save Mart grocery store,
Dollar Tree, Rite Aid, Sears and Stadium 10 Cinemas. Other
prominent national and regional tenants include Hollywood
Video, Radio Shack, Advance America, Carl’s Jr. and American
General Finance.
•
Manteca Marketplace has a high profile location with
significant frontage along W. Yosemite Avenue, N. Union
Road and Trevino Avenue. The intersection of N. Union Road
and W. Yosemite Avenue has long been considered one of the
premier intersections in the city of Manteca.
•
The comprehensive mix of necessity retailers such as the high
volume Save Mart grocery store, coupled with entertainment
retailers such as Stadium 10 Cinemas, significantly increase
the draw to the property and attract consumers from a more
expansive trade area.
•
The property is unencumbered by debt, allowing an investor to
place new financing on the property, thus benefiting from the
current and historically low interest rate environment.
Manteca Marketplace
Manteca, CA
Offering Highlights
PRICE:
Submit Offer
APPROX. NOI:
$2,018,342
BUILDING SIZE:
171,953 SF
FINANCING:
Buyer to pay all cash or cash to new loan
Manteca Marketplace
Manteca, CA
Property Highlights
Property Data
Address:
1233 W Yosemite Ave.
Manteca, Ca 95337
Assessor’s Parcel Number:
200-150-21, 200-190-02, 200-190-04,
200-190-05, 200-190-03, 200-190-06
Number of Buildings:
6
Building Area:
Approx. 171,953 SF
Land Size:
Approx. 13.27 Acres
Ingress/Egress:
8
Manteca Marketplace
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Site Plan
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This site plan is an approximate depiction of the layout and of the shopping center. Actual size, configuration and available locations may vary.
Manteca, CA
Tenant Profiles
Save Mart Supermarket
www.savemart.com
Save Mart Supermarkets is one of the big wheels in the California grocery business. A sponsor of the NASCAR Dodge/Save Mart 350, the
company has about 125 grocery stores in Northern and Central California. Its supermarkets and warehouse stores operate under the Save Mart
Supermarkets, S-Mart, and FoodMaxx names. The chain has been trying out different formats, including an upscale prototype with its own
coffeehouse and expanded offerings of ethnic and organic foods and its popular private-label salad mix line, Fresh Favorites. Save Mart also owns
distributor SMART Refrigerated Transport.
Sears
www.sears.com
Sears, Roebuck and Co. is a broad-line retailer with significant service and credit businesses. In 2002, the company’s revenue was more than
$41 billion. The company offers its wide range of apparel, home, and automotive products and services to families in the U.S. in Sears stores
nationwide, including approximately 870 full-line stores. Sears also offers a variety of merchandise and services through its websites, sears.com and
landsend.com, as well as a variety of specialty catalogs.
(NASDAQ: SHLD)
Rite Aid
www.riteaid.com
Rite Aid Corporation is one of the nation’s leading drugstore chains, combining its modern store base, strong brand name, modern distribution
centers and superior pharmacy technology with a talented team of approximately 72,000 full and part-time associates serving customers in 28
states and the District of Columbia. Rite Aid currently operates approximately 3400 stores, reporting total sales of $16.5 billion at the end of its
2004 fiscal year.
Publicly Traded (NYSE: RAD)
Manteca Marketplace
Tenant Profiles
Dollar Tree
www.dollartree.com
Headquartered in Chesapeake, Virginia, and with more than 37,000 associates nationwide, Dollar Tree Stores, Inc. has grown from a 5-store
chain in 1986 to nearly 3,000 stores by the close of fiscal 2005. A network of nine distribution centers enables the Company to efficiently deliver
merchandise to its stores, all across the country. In 2005, Dollar Tree opened 232 new stores with over 60 percent opening in the first half of the
year. These stores averaged 12,400 square feet, a size that offers optimum productivity. Long term, Dollar Tree plans to grow to more than 5,000
stores in the U.S. alone. In February of this year, Dollar Tree announced their intent to purchase stores and related assets of Deal Dollar-Nothing
over a Dollar chain, from SUPERVALU INC. Under the terms of the acquisition, which was completed at the end of March, they acquired 138
Deal Dollar stores, including store assets, leasehold rights and certain intellectual property for $30.5 million in cash, plus approximately $22.2
million of inventory.
(NASDAQ: DLTR)
North American Cinemas
www.northamericancinemas.com
North American Cinemas, Inc. is a family-run company that operates, designs, builds and renovates theatres. North American Cinemas, Inc. also
“buys and books” film, manages concessions and performs other administrative functions for a growing network of motion picture theatres and
independent exhibitors. North American Cinemas, Inc. operates many state-of-the-art megaplexes in California including: the Roxy Stadium 14
& Roxy on the Square in Santa Rosa; Airport Stadium 12 in Windsor; the Marketplace Stadium 10 in Manteca; the Lodi Stadium 12 in Lodi;
the Mary Pickford Stadium 14 in Cathedral City; the Plaza Cinemas 12 in Oxnard; the Roxy Stadium 11 in Camarillo and the Horizon Stadium
9 in Laughlin, Nevada.
Radio Shack
www.radioshack.com
Fort Worth, Texas-based Radio Shack Corporation is one of the nation’s most trusted consumer electronics specialty retailers and a growing
provider of a variety of retail support services. The company operates a vast network of sales channels, including: more than 6,000 company and
dealer stores; over 100 Radio Shack locations in Mexico and Canada; and nearly 800 wireless kiosks. Radio Shack’s knowledgeable and helpful
sales associates deliver convenient product and service solutions within minutes of where 94 percent of all Americans either live or work.
(NYSE: RSH)
Manteca, CA
Subway
www.subway.com
In the year 2006, the SUBWAY® chain entered its 41st year of operation. It is the world’s largest submarine sandwich chain with more than
25,000 restaurants in 83 countries. As a matter of fact, the SUBWAY® chain operates more units in the US, Canada and Australia than
McDonald’s® does. Countless awards and accolades have been bestowed upon Fred DeLuca and the SUBWAY® chain over the past 40 years.
Hollywood video
www.hollywood.com
On April 22, 2005, shareholders approved the merger of Hollywood Entertainment Corporation with an affiliate of Movie Gallery, Inc.. Under
the terms of the Merger Agreement, Hollywood became a wholly owned subsidiary of Movie Gallery. Hollywood is now a subsidiary of Movie
Gallery but will continue to operate under the Hollywood brand name. Hollywood will remain headquartered in Wilsonville, Oregon. Movie
Gallery is the second largest North American video rental company with approximately 4,800 stores located in all 50 U.S. states, Canada
and Mexico. Since the Company’s initial public offering in August 1994, Movie Gallery has grown from 97 stores to its present size through
acquisitions and new store openings.
(NASDAQ: MOVI)
Carl’s Jr.
www.ckr.com
CKE Restaurants is a leading operator of quick-service food chains with more than 3,200 locations. Its restaurants include Carl’s Jr. and Hardee’s,
two leading brands in the hamburger business, and La Salsa Fresh Mexican Grill, an up-and-coming player in the fast-casual Mexican restaurant
segment. CKE also owns Green Burrito, a small fast-food Mexican chain. Many of the company’s restaurants are located in California and other
western states; the Hardee’s chain operates primarily in the Midwest and Southeast. CKE owns and operates about a third of its restaurants, the
rest are operated by franchisees.
Publicly Traded (NYSE: CKR)
Manteca Marketplace
Manteca, CA
Area Overview
Location Map
Manteca Marketplace
Regional Map
Manteca, CA
Market Profile
Manteca City Profile
Manteca is centrally located, linking the San Francisco Bay Area and the Sierra Nevada and foothills to California’s Central
Valley. Manteca is also strategically located, linking the forenamed areas to two of the three major north-south transportation
routes on the West Coast. Manteca’s location allows it to attract qualified labor with diverse and varying levels of skills from
high tech to general labor, management, and professional occupations. The labor force numbers over one-half million within
a 30-minute drive of Manteca. Results from the Altamont Pass Commuter Survey (October, 2000) indicate that 75% of
the workforce commuting from the Central Valley to the San Francisco Bay Area originate from this same 30-minute area
around Manteca, with 13% originating in Manteca. About half of this workforce is commuting to the Silicon Valley for
skilled to highly-skilled manufacturing and managerial jobs that offer attractive wages and salaries.
85,000 people live within a 10-minute drive of Manteca and 467,000 people live within a 20-minute drive of Manteca. The population in the
city limits surpassed a noteworthy milestone of 60,000 in 2004 and totaled 63,703 as of 1/1/06. Manteca’s population growth averages over 3%
per year, with 2,926 single-family dwelling building permits issued by the City of Manteca during the last five years (2001-2005). This strong
residential growth is citywide and is accompanied by a similar increase in expanding shopping, dining, and recreational opportunities throughout
the community. The newest homes being built in Manteca generally range from 1,750 to 3,500 square feet and typically cost between $400,000
and $550,000. There were 1,740 sales of new and existing homes in 2005 with an overall median price of $411,250 and an overall average price
of $418,645. In 2004 there were 1,571 home sales with an overall median price of $315,000 and an overall average price of $330,189.
With large tracts of undeveloped land zoned for industrial use and several undeveloped
interchanges along Highway 120 zoned for commercial use, Manteca has become a magnet
for development. The City is being discovered by industrial companies and commercial
businesses looking to relocate or expand their operations by taking advantage of this available
and affordable land, lower operating costs, easy access to all modes of transportation, welltrained workforce, quality of life amenities, and healthy population growth.
Additionally, due to the close proximity of Manteca and the San Joaquin Valley to the San
Francisco Bay Area and Sacramento, companies don’t have to sacrifice their market positions
when they relocate or expand here. Manteca’s central and strategic location offers convenient
access to Interstate 5, Highway 99, Highway 120, the Port of Stockton, Stockton Airport,
Sacramento Airport, all three Bay Area airports, and the Port of Oakland.
Manteca Marketplace
Market Profile
San Joaquin County Profile
On February 18, 1850 California became a State of the Union and 27 counties were created. One of these was San Joaquin County.
Captain Charles M. Weber was instrumental in developing the City of Stockton as the County Seat and as a Port of Entry. Today,
ships still deliver cargo to the Port of Stockton by the channel Captain Weber had dug in the 1800s. The name San Joaquin comes
from Joachim and has religious significance. A Spanish lieutenant named Marago in 1813 explored the “ Valle de los Tulares.
“ Finding a little stream that headed in the Sierra Nevadas, emptying into the Buena Vista lake, he called it San Joaquin. The
rivulet christened the great river, and it in turn gave its name to the valley and county through which it ran. (History of San Joaquin, California,
Thompson and West, 1879)
San Joaquin County is one of 58 counties in California. The county is in the Stockton metro area. The estimated population in 2004 was
649,868. This was an increase of 15.31% from the 2000 census. In 2002, the per capita personal income in San Joaquin County was $24,119. This
was an increase of 14.5% from 1997. The 2002 figure was 78% of the national per capita income, which was $30,906.
San Joaquin County is one of about 3,141 counties and county equivalents in the United States. It has 1,399.3 sq. miles
in land area and a population density of 474.6 per square mile. In the last three decades of the 1900s its population
grew by 93.6%. On the 2000 census form, 94.0% of the population reported only one race, with 6.7% of these reporting
African-American. The population of this county is 30.5% Hispanic (of any race). The average household size is 3.00
persons compared to an average family size of 3.48 persons.
In 2004 retail trade was the largest of 20 major sectors. It had an average wage per job of $25,430. Per capita income
grew by 6.2% between 1994 and 2004 (adjusted for inflation).
Manteca, CA
Financial Analysis
Assumptions
Analysis Period
Commencement Date – January 2007
Term – 10 Years
Area Measures
Building Square Feet – 171,953
Inflation Rates
General – 3% Annually
Operating Expenses
All expenses have been taken from the 2005 Income and Expense
statements with management set at 3% of the Effective Gross
Revenue inflated at annual 3% increases for common area
expenses and annual 2% increases for property taxes. (Note: taxes
have not been adjusted)
Market Leasing Assumptions
Lease Retention Ratio – 75%
Rent Adjustments – Annual 3% Inc.
Downtime – 6 months (which equates to 2 months vacant)
Rent Abatement - None
Reimbursement Method* – NNN 15% Admin CTI
Lease Term – 5 Years
Tenant Improvements** - $10/$0SF (New/Renewal)
Leasing Commissions – 4%/2% Rent (New/Renewal)
* NNN 15% Admin CTI - tenants pay their respective prorata
share of operating expenses as well as a 15% admin fee, which is
charged to cam, taxes and insurance.
** Anchor tenant improvements are set at $20/$0 (New/Renewal)
Capital Reserve
A capital reserve of $.10/SF has been incorporated into the model.
General Vacancy Loss – 3% of the potential gross revenue
excluding (Save Mart, Rite Aid, Sears, Clothes Avenue, Dollar
Tree, La Morenita, Hollywood Video, Carl’s Jr, Pizza Factory,
American General Finance, Stone Chiropractic, Café Aroma)
Renewals/Expirations
Several tenants have options to renew within their initial lease period.
For tenants with options, their option terms have been applied once the
tenant’s primary term ends. The speculative renewal is applied at the
termination of all tenants primary and option terms (if applicable). If
a tenant expires in year one of the analysis period with no options, the
lease is modeled to go to market rates.
Manteca Marketplace
Rent Roll
PRESENTATION RENT ROLL & CURRENT TERM TENANT SUMMARY
As of Jan-2007 for 171,953 Square Feet
Tenant Name
Type & Suite Number
Lease Dates & Term
1 PIZZA FACTORY
Retail Suite: 001223
Mar-2005 to Jul-2012
89 Months
1 PIZZA FACTORY
Option Suite: 001223
Aug-2012 to Jul-2020
96 Months
Floor
SqFt
Bldg Share
LOCAL
2,825
1.64%
2,825
1.64%
Notes: Tenant has 1-8 Yr option at the rates above
2 VACANT
1,500
Expires Dec-2011
0.87%
Rate & Amount
per Year
per Month
$27.84
$78,648
$2.32
$6,554
Description of
Operating Expense
Reimbursements
See method: NNN
15% Admin CTI
Imprvmnts Commssns
Rate
Rate
Amount
Amount
-
Changes
on
Aug-2007
Aug-2008
Aug-2009
Aug-2010
Aug-2011
Changes
to
$28.68
$29.16
$30.00
$30.96
$31.92
$32.88
$92,886
$2.74
$7,741
Aug-2013
Aug-2014
Aug-2015
Aug-2016
Aug-2017
Aug-2018
Aug-2019
$33.84
$34.80
$35.88
$36.96
$38.04
$39.24
$40.44
See method: NNN
15% Admin CTI
$22.00
$33,000
$1.83
$2,750
Jan-2008
Jan-2009
Jan-2010
Jan-2011
$22.66
$23.34
$24.04
$24.76
See method: NNN
15% Admin CTI
$28.08
$29.20
$30.37
$31.59
See method: NNN
15% Admin CTI
-
-
-
$10.00
$15,000
-
$4.67
4.00%
$7,008
Sales
Breakpoint
Overage %
-
Assumption about
subsequent terms
for this tenant
Option
See assumption:
MLA $28
-
Market
See assumption:
MLA $28
-
Market
See assumption:
MLA $22
3 Nail Salon
Jun-2006 to Jun-2011
61 Months
LOCAL
1,000
0.58%
$27.00
$27,000
$2.25
$2,250
Jul-2007
Jul-2008
Jul-2009
Jul-2010
4 SUBWAY
May-2003 to Apr-2008
60 Months
NATL
1,400
0.81%
$20.01
$28,020
$1.67
$2,335
-
-
See method: NNN
15% Admin C
-
-
-
Option
See assumption:
MLA $24
$23.01
$32,214
$1.92
$2,685
-
-
See method: NNN
15% Admin C
-
-
-
Market
See assumption:
MLA $24
4 SUBWAY
May-2008 to Apr-2013
60 Months
1,400
0.81%
Natural
6.00%
Market
See assumption:
MLA $27
Manteca, CA
Rent Roll
Floor
SqFt
Bldg Share
LOCAL
1,100
0.64%
6 RITE AID
Oct-2002 to Sep-2017
180 Months
NATL
21,440
12.47%
$6.00
$128,640
$0.50
$10,720
Oct-2007
Oct-2012
$6.38
$7.00
See method: Rite
Aid
-
-
7 CLOTHES AVENUE
Jul-2004 to Aug-2014
122 Months
LOCAL
12,992
7.56%
$8.40
$109,133
$0.70
$9,094
Jan-2010
$9.72
See method: NNN
15% Admin CTI
-
-
-
Option
See assumption:
MLA $9 - Anchor
$11.04
$143,432
$0.92
$11,953
-
-
See method: NNN
15% Admin CTI
-
-
-
Market
See assumption:
MLA $9 - Anchor
8 DOLLAR TREE
NATL
9,174
Apr-2006 to Mar-2011
5.34%
60 Months
$6.50
$59,629
$0.54
$4,969
-
-
See method:
Dollar Tree
-
-
$1,800,000.00
3.00%
Option
See assumption:
MLA $9 - Anchor
8 DOLLAR TREE
60 Months
$7.28
$66,787
$0.61
$5,566
-
-
See method:
Dollar Tree - Opt
-
-
$1,800,000.00
3.00%
Market
See assumption:
MLA $9 - Anchor
7 CLOTHES AVENUE
Sep-2014 to Aug-2019
60 Months
12,992
7.56%
9,174
5.34%
Rate & Amount
per Year
per Month
$21.81
$23,988
$1.82
$1,999
Changes
on
Apr-2007
Changes
to
$22.91
Description of
Operating Expense
Reimbursements
See method: NNN
15% Admin CTI
Imprvmnts Commssns
Rate
Rate
Amount
Amount
-
Tenant Name
Type & Suite Number
Lease Dates & Term
5 NATURE'S CORNER
60 Months
Sales
Breakpoint
Overage %
-
Natural
2.00%
Manteca Marketplace
Assumption about
subsequent terms
for this tenant
Market
See assumption:
MLA $21
Market
See assumption:
MLA $9 - Anchor
Rent Roll
Tenant Name
Type & Suite Number
Lease Dates & Term
9 REPLAY RECORDS
Jan-2004 to Dec-2009
72 Months
Floor
SqFt
Bldg Share
LOCAL
3,000
1.74%
Rate & Amount
per Year
per Month
$17.47
$52,416
$1.46
$4,368
Description of
Operating Expense
Reimbursements
See method: NNN
15% Admin CTI
Imprvmnts Commssns
Rate
Rate
Amount
Amount
-
Sales
Breakpoint
Overage %
-
Assumption about
subsequent terms
for this tenant
Market
See assumption:
MLA $21
Changes
on
Jan-2008
Jan-2009
Changes
to
$18.35
$19.26
$21.05
$25,260
$1.75
$2,105
Mar-2007
Mar-2008
Mar-2009
Mar-2010
Mar-2011
$21.90
$22.77
$23.69
$24.63
$25.62
See method: NNN
15% Admin CTI
-
-
-
Option
See assumption:
MLA $24
$26.64
$31,968
$2.22
$2,664
$27.71
$28.81
$29.97
$31.17
$32.42
$33.72
$35.07
$36.47
$37.93
See method: NNN
15% Admin CTI
-
-
-
Market
See assumption:
MLA $24
Notes: Tenant has 2-5 Yr options at the rates above
11 PRECISION 6
REGNL
1,200
0.70%
120 Months
Mar-2013
Mar-2014
Mar-2015
Mar-2016
Mar-2017
Mar-2018
Mar-2019
Mar-2020
Mar-2021
$27.00
$32,400
$2.25
$2,700
Aug-2007
Aug-2008
Aug-2009
Aug-2010
$28.35
$29.77
$31.26
$32.82
See method: NNN
15% Admin CTI
-
-
12 RADIO SHACK
60 Months
$14.00
$33,600
$1.17
$2,800
-
-
See method: Radio
-
-
-
Option
See assumption:
MLA $21
$16.00
$38,400
$1.33
$3,200
-
-
See method: Radio
-
-
-
Market
See assumption:
MLA $21
10 MANTECA DRY CLEANERS
Mar-2002 to Feb-2012
120 Months
10 MANTECA DRY CLEANERS
Mar-2012 to Feb-2022
120 Months
12 RADIO SHACK
60 Months
LOCAL
1,200
0.70%
1,200
0.70%
NATL
2,400
1.40%
2,400
1.40%
Natural
5.00%
Market
See assumption:
MLA $24
Manteca, CA
Rent Roll
Tenant Name
Type & Suite Number
Lease Dates & Term
13 VACANT
Expires Dec-2011
Floor
SqFt
Bldg Share
LOCAL
1,200
0.70%
Rate & Amount
per Year
per Month
$21.00
$25,200
$1.75
$2,100
Changes
on
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Changes
to
$21.63
$22.28
$22.95
$23.64
Description of
Operating Expense
Reimbursements
See method: NNN
15% Admin CTI
Imprvmnts Commssns
Rate
Rate
Amount
Amount
-
Notes: Totally Paintball currently occupies this space and expires 12/06 paying $20.37/SF, modeled as vacant and leasing up at market rates thereafter
14 SEARS DEALER STORE
NATL
$8.61
See method: Sears
11,000
$94,680
Jun-1997 to Jan-2008
6.40%
$0.72
128 Months
$7,890
Notes: Cap on CAM/Tax/Ins at $2.89 psf
14 SEARS DEALER STORE
11,000
Feb-2008 to Jan-2013
6.40%
60 Months
Assumption about
subsequent terms
for this tenant
Market
See assumption:
MLA $21
-
Option
See assumption:
MLA $9 - Anchor
Feb-2010
$9.67
See method: Sears
- Option
-
-
-
Market
See assumption:
MLA $9 - Anchor
Notes: Tenant has 1-5 Yr option at the rates above; Cap on CAM/Tax/Ins at $3.24 psf
15 STADIUM 10 CINEMAS
REGNL
$12.16
Oct-2007
40,222
$489,034
Oct-2012
23.39%
$1.01
Oct-2017
300 Months
$40,753
$13.37
$14.71
$16.18
See method:
Stadium 10
-
-
-
Option
See assumption:
MLA $9 - Anchor
$21.30
See method:
Stadium 10
-
-
-
Market
See assumption:
MLA $9 - Anchor
See method: La
Morenita
-
-
-
Option
See assumption:
MLA $24
See method: La
Morenita
-
-
-
Market
See assumption:
MLA $24
15 STADIUM 10 CINEMAS
Excluded from analysis
120 Months
$9.10
$100,100
$0.76
$8,342
Sales
Breakpoint
Overage %
-
$18.53
$745,514
$1.54
$62,109
Oct-2027
16 LA MORENITA
LOCAL
3,600
2.09%
36 Months
$23.85
$85,848
$1.99
$7,154
-
16 LA MORENITA
60 Months
$25.04
$90,144
$2.09
$7,512
Aug-2008
Aug-2009
Aug-2010
Aug-2011
40,222
23.39%
3,600
2.09%
-
$26.29
$27.61
$28.99
$30.44
Manteca Marketplace
Rent Roll
Tenant Name
Type & Suite Number
Lease Dates & Term
17 HOLLYWOOD VIDEO
Sep-1999 to Mar-2010
127 Months
17 HOLLYWOOD VIDEO
120 Months
Floor
SqFt
Bldg Share
NATL
3,000
1.74%
3,000
1.74%
18 TOP FASHION
LOCAL
2,986
1.74%
60 Months
Rate & Amount
per Year
per Month
$24.60
$73,800
$2.05
$6,150
Changes
on
-
Changes
to
-
$27.55
$82,650
$2.30
$6,888
Apr-2015
$30.86
$17.55
$52,416
$1.46
$4,368
-
-
Notes: Estimated 2007 CAM/Tax/Ins cap $4.22 psf, max 5% increase over prior year actual amounts
18 TOP FASHION
$22.97
Oct-2009
$24.12
2,986
$68,592
Oct-2010
$25.33
1.74%
$1.91
Oct-2011
$26.59
60 Months
$5,716
Oct-2012
$27.92
Description of
Operating Expense
Reimbursements
See method:
Hollywood Video
Imprvmnts Commssns
Rate
Rate
Amount
Amount
-
Sales
Breakpoint
Overage %
-
Assumption about
subsequent terms
for this tenant
Option
See assumption:
MLA $24
See method:
Hollywood Video
-
-
-
Market
See assumption:
MLA $24
See method: Top
Fashion
-
-
-
Option
See assumption:
MLA $24
See method: Top
Fashion
-
-
-
Market
See assumption:
MLA $24
19 SAVE MART
REGNL
34,860
20.27%
300 Months
$6.75
$235,308
$0.56
$19,609
-
-
See method: Save
Mart
-
-
Natural
1.25%
Option
See assumption:
MLA $9 - Anchor
19 SAVE MART
240 Months
$6.75
$235,308
$0.56
$19,609
-
-
See method: Save
Mart
-
-
Natural
1.25%
Market
See assumption:
MLA $9 - Anchor
REGNL
34,860
20.27%
Manteca, CA
Rent Roll
Tenant Name
Type & Suite Number
Lease Dates & Term
20 CRESCENT JEWELERS
Jun-2003 to May-2008
60 Months
Floor
SqFt
Bldg Share
NATL
1,680
0.98%
21 ADVANCE AMERICA
60 Months
NATL
1,400
0.81%
Rate & Amount
per Year
per Month
$18.29
$30,732
$1.52
$2,561
$22.63
$31,680
$1.89
$2,640
Changes
on
Jun-2007
Changes
to
$18.74
Sep-2007
Sep-2008
$23.76
$24.95
Notes: Estimated 2007 CAM/Tax/Ins cap $3.86 psf, max 5% increase over prior year actual amounts
22 R&R BEAUTY SUPPLY
LOCAL
$23.62
Sep-2007
$24.81
1,400
$33,072
Sep-2008
$26.05
0.81%
$1.97
Sep-2009
$27.35
60 Months
$2,756
23 NEW CHINA RESTAURANT
Jan-2006 to Dec-2010
60 Months
LOCAL
3,547
2.06%
$14.00
$49,656
$1.17
$4,138
Jan-2007
Jan-2008
Jan-2009
Jan-2010
24 CARL'S JR.
216 Months
NATL
2,877
1.67%
$34.48
$99,194
$2.87
$8,266
-
24 CARL'S JR.
180 Months
NATL
2,877
1.67%
$39.65
$114,073
$3.30
$9,506
Feb-2015
Feb-2020
$14.70
$15.43
$16.21
$17.02
-
$44.61
$50.18
Description of
Operating Expense
Reimbursements
See method: NNN
15% Admin C
Imprvmnts Commssns
Rate
Rate
Amount
Amount
-
Sales
Breakpoint
Overage %
-
Assumption about
subsequent terms
for this tenant
Market
See assumption:
MLA $24
See method:
Advance America
-
-
-
Market
See assumption:
MLA $24
See method: NNN
15% Admin CTI
-
-
-
Market
See assumption:
MLA $24
See method: NNN
15% Admin CTI
-
-
-
Market
See assumption:
MLA $21
See method:
Carl's Jr
-
-
-
Option
See assumption:
MLA $36
See method:
Carl's Jr
-
-
-
Market
See assumption:
MLA $36
Manteca Marketplace
Rent Roll
Tenant Name
Type & Suite Number
Lease Dates & Term
25 AMERICAN GENERAL FINANCE
60 Months
Floor
SqFt
Bldg Share
NATL
2,200
1.28%
Rate & Amount
per Year
per Month
$14.92
$32,832
$1.24
$2,736
Changes
on
Aug-2007
Aug-2008
Aug-2009
Changes
to
$15.52
$16.14
$16.79
Description of
Operating Expense
Reimbursements
See method: NNN
15% Admin CTI
Imprvmnts Commssns
Rate
Rate
Amount
Amount
-
Sales
Breakpoint
Overage %
-
Assumption about
subsequent terms
for this tenant
Market
See assumption:
MLA $24
26 STONE CHIROPRACTIC
180 Months
LOCAL
2,000
1.16%
$16.20
$32,400
$1.35
$2,700
Feb-2007
Feb-2008
Feb-2009
Feb-2010
Feb-2011
Feb-2012
Feb-2013
Feb-2014
Feb-2015
Feb-2016
Feb-2017
$16.69
$17.18
$17.70
$18.23
$18.77
$19.34
$19.92
$20.52
$21.14
$21.77
$22.43
See method: NNN
15% Admin CTI
-
-
-
Market
See assumption:
MLA $21
27 CAFE AROMA
Nov-2001 to Oct-2009
96 Months
LOCAL
750
0.44%
$24.00
$18,000
$2.00
$1,500
Nov-2007
Nov-2008
$25.20
$26.46
See method: NNN
15% Admin C
-
-
-
Market
See assumption:
MLA $24
27 CAFE AROMA
Nov-2009 to Oct-2012
36 Months
LOCAL
750
0.44%
$27.79
$20,844
$2.32
$1,737
Nov-2010
Nov-2011
$29.18
$30.64
See method: NNN
15% Admin C
-
-
-
Market
See assumption:
MLA $24
Total Occupied SqFt
169,253
Total Available SqFt
2,700
171,953
1.57%
Manteca, CA
10 Year Cash Flow
SCHEDULE OF PROSPECTIVE CASH FLOW
In Inflated Dollars for the Fiscal Year Beginning 1/1/2007
For the Years Ending
POTENTIAL GROSS REVENUE
Base Rental Revenue
Absorption & Turnover Vacancy
Scheduled Base Rental Revenue
Year 1
Dec-2007
Year 2
Dec-2008
Year 3
Dec-2009
Year 4
Dec-2010
Year 5
Dec-2011
Year 6
Dec-2012
Year 7
Dec-2013
Year 8
Dec-2014
Year 9
Dec-2015
Year 10
Dec-2016
$2,047,241
$2,156,281
(10,888)
$2,191,733
(5,941)
$2,267,076
(27,209)
$2,330,211
(24,440)
$2,372,882
(55,001)
$2,465,285
(19,308)
$2,503,378
(6,887)
$2,567,045
(31,543)
$2,633,507
(28,332)
2,047,241
2,145,393
2,185,792
2,239,867
2,305,771
2,317,881
2,445,977
2,496,491
2,535,502
2,605,175
Expense Reimbursement Revenue
Cleaning
Plumbing
Security
Landscape
General Building
R&M
Electricity
Water
Parking Lot
Mgmt Fee
HVAC
Fire Protection
Garbage Removal
Roof Repair
Extermination
Building Supplies
Liability Ins
All Risk Ins
Earthquake Ins
Property Taxes
50,244
985
40,713
62,614
9,221
12,819
70,896
19,000
12,712
33,445
3,512
4,209
13,563
694
1,560
43
16,948
9,122
13,630
151,371
51,855
1,005
42,038
64,625
9,521
13,231
73,173
19,488
13,121
35,235
3,619
4,330
13,949
717
1,608
44
17,512
9,418
14,062
154,762
53,475
1,052
43,365
66,644
9,816
13,643
75,459
20,290
13,533
36,009
3,740
4,487
14,448
741
1,667
47
18,073
9,726
14,549
158,362
54,708
1,075
44,290
68,179
10,040
13,957
77,194
20,771
13,839
36,382
3,829
4,589
14,803
757
1,706
49
18,475
9,947
14,885
160,425
56,631
1,116
45,904
70,578
10,394
14,451
79,909
21,548
14,328
38,013
3,969
4,758
15,326
783
1,766
50
19,135
10,301
15,419
164,522
58,036
1,191
46,989
72,329
10,651
14,945
81,889
22,949
14,683
37,868
4,074
4,896
16,064
805
1,808
51
19,568
10,539
15,763
166,646
61,112
1,570
49,734
76,164
11,229
15,949
86,237
29,889
15,469
42,277
4,521
5,688
18,877
894
2,008
54
20,657
11,262
17,378
178,034
63,232
1,645
51,512
78,804
11,622
16,504
89,224
31,346
16,002
43,557
4,698
5,932
19,662
929
2,085
60
21,396
11,679
18,073
182,931
64,794
1,670
52,726
80,753
11,905
16,912
91,429
31,866
16,401
43,918
4,798
6,052
20,079
949
2,137
61
21,909
11,954
18,469
185,362
67,052
1,863
54,616
83,565
12,323
17,499
94,619
35,363
16,972
45,866
5,082
6,529
21,569
1,008
2,260
65
22,686
12,458
19,531
192,217
Total Reimbursement Revenue
527,301
543,313
559,126
569,900
588,901
601,744
649,003
670,893
684,144
713,143
Other Income
Other CAM Income
4,625
13,800
4,764
14,214
4,907
14,640
5,054
15,080
5,205
15,532
5,362
15,998
5,522
16,478
5,688
16,972
5,859
17,481
6,035
18,006
TOTAL POTENTIAL GROSS REVENUE
General Vacancy
2,592,967
(18,487)
2,707,684
(8,804)
2,764,465
(14,751)
2,829,901
(4,578)
2,915,409
2,940,985
3,116,980
(5,842)
3,190,044
(19,142)
3,242,986
(6,358)
3,342,359
EFFECTIVE GROSS REVENUE
2,574,480
2,698,880
2,749,714
2,825,323
2,915,409
2,940,985
3,111,138
3,170,902
3,236,628
3,342,359
47,086
1,021
47,104
58,681
9,190
12,289
66,441
18,601
12,102
77,234
3,364
4,017
10,766
665
1,496
40
18,156
8,975
13,342
145,568
48,499
1,052
48,517
60,441
9,466
12,658
68,434
19,159
12,465
80,966
3,465
4,138
11,089
685
1,541
41
18,701
9,244
13,742
148,479
49,954
1,083
49,973
62,255
9,750
13,037
70,487
19,734
12,839
82,491
3,569
4,262
11,422
705
1,587
42
19,262
9,522
14,155
151,449
51,452
1,116
51,472
64,122
10,042
13,429
72,602
20,326
13,224
84,760
3,676
4,389
11,764
727
1,635
44
19,840
9,807
14,579
154,478
52,996
1,149
53,016
66,046
10,343
13,831
74,780
20,936
13,621
87,462
3,786
4,521
12,117
748
1,684
45
20,435
10,101
15,017
157,567
54,586
1,184
54,606
68,027
10,654
14,246
77,023
21,564
14,030
88,230
3,900
4,657
12,481
771
1,734
46
21,048
10,404
15,467
160,719
56,223
1,219
56,245
70,068
10,973
14,674
79,334
22,211
14,450
93,334
4,017
4,797
12,855
794
1,786
48
21,679
10,717
15,931
163,933
57,910
1,256
57,932
72,170
11,303
15,114
81,714
22,877
14,884
95,127
4,137
4,940
13,241
818
1,840
49
22,330
11,038
16,409
167,212
59,647
1,293
59,670
74,335
11,642
15,567
84,165
23,563
15,330
97,099
4,261
5,089
13,638
842
1,895
51
22,999
11,369
16,901
170,556
61,437
1,332
61,460
76,565
11,991
16,034
86,690
24,270
15,790
100,271
4,389
5,241
14,047
868
1,952
52
23,689
11,710
17,408
173,967
OPERATING EXPENSES
Cleaning
Plumbing
Security
Landscape
General Building
R&M
Electricity
Water
Parking Lot
Mgmt Fee
HVAC
Fire Protection
Garbage Removal
Roof Repair
Extermination
Building Supplies
Liability Ins
All Risk Ins
Earthquake Ins
Property Taxes
TOTAL OPERATING EXPENSES
556,138
572,782
587,578
603,484
620,201
635,377
655,288
672,301
689,912
709,163
$2,018,342
$2,126,098
$2,162,136
$2,221,839
$2,295,208
$2,305,608
$2,455,850
$2,498,601
$2,546,716
$2,633,196
LEASING & CAPITAL COSTS
Tenant Improvements
Leasing Commissions
Capital Reserves
27,000
12,360
17,195
7,159
8,670
17,711
3,713
4,731
18,242
18,030
21,668
18,790
16,171
19,462
19,353
33,868
41,031
19,934
14,717
43,349
20,532
21,148
20,902
25,120
21,782
23,313
51,276
22,436
TOTAL LEASING & CAPITAL COSTS
56,555
33,540
26,686
58,488
54,986
94,833
78,598
21,148
67,804
97,025
$1,961,787
==========
$2,092,558
==========
$2,135,450
==========
$2,163,351
==========
$2,240,222
==========
$2,210,775
==========
$2,377,252
==========
$2,477,453
==========
$2,478,912
==========
$2,536,171
==========
NET OPERATING INCOME
CASH FLOW BEFORE DEBT SERVICE
& TAXES
Manteca Marketplace
Manteca, CA
Appendix
Demographics
Market Profile
Storetrax ID (3090)
1457 W Yosemite Ave
1457 W Yosemite Ave
1457 W Yosemite Ave
Manteca, CA 95337
Manteca, CA 95337
Manteca, CA 95337
Radius: 1.0 miles
Radius: 3.0 miles
Radius: 5.0 miles
2000 Total Population
2000 Group Quarters
2006 - 2011 Annual Rate
15,221
124
18,701
22,339
3.62%
56,090
487
68,020
81,529
3.69%
67,177
577
82,428
100,709
4.09%
2000 Households
2000 Average Household Size
2006 Households
2011 Households
2000 Families
2000 Average Family Size
2006 Families
2011 Families
5,094
2.96
6,104
3.04
7,235
3.07
3.46%
3,747
3.44
4,475
3.54
5,305
3.58
3.46%
18,270
3.04
21,716
3.11
25,897
3.13
3.58%
14,139
3.43
16,682
3.53
19,876
3.55
3.57%
21,754
3.06
26,134
3.13
31,766
3.15
3.98%
16,945
3.44
20,208
3.54
24,528
3.57
3.95%
2000 Housing Units
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
2006 Housing Units
2011 Housing Units
5,311
52.9%
42.9%
4.2%
6,375
52.4%
43.4%
4.3%
7,516
53.2%
43.1%
3.7%
18,897
61.9%
34.9%
3.2%
22,541
61.2%
35.1%
3.7%
26,844
61.4%
35.1%
3.5%
22,526
63.6%
33.1%
3.3%
27,163
62.7%
33.5%
3.8%
32,961
62.6%
33.8%
3.6%
$43,457
$52,047
$61,240
$47,210
$54,366
$62,903
$47,623
$54,878
$63,263
$156,616
$411,258
$481,194
$152,023
$398,019
$468,320
$153,433
$401,144
$470,018
$17,827
$20,976
$24,751
$17,984
$20,845
$24,267
$18,217
$20,925
$24,240
31.6
31.3
31.1
32.3
32.8
33.1
32.5
32.9
33.1
Latitude:
37.7976
Longitude: -121.239771
Median Household Income
2000
2006
2011
Median Home Value
2000
2006
2011
Per Capita Income
2000
2006
2011
Median Age
2000
2006
2011
Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households.
Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received
by all persons aged 15 years and over divided by total population. Detail may not sum to totals due to rounding.
Market Profile
Storetrax ID (3090)
1457 W Yosemite Ave
1457 W Yosemite Ave
1457 W Yosemite Ave
Manteca, CA 95337
Manteca, CA 95337
Manteca, CA 95337
Radius: 1.0 miles
Radius: 3.0 miles
Radius: 5.0 miles
2000 Households by Income
Household Income Base
< $15,000
$15,000 - $24,999
$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999
$75,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000+
Average Household Income
5,065
10.3%
11.4%
15.6%
20.2%
22.8%
10.0%
7.4%
1.5%
1.0%
$52,718
18,296
9.9%
11.4%
12.5%
19.3%
24.9%
11.7%
8.1%
1.4%
0.9%
$54,982
21,731
10.0%
11.3%
12.3%
18.9%
24.8%
12.2%
8.2%
1.4%
1.0%
$56,145
< $15,000
$15,000 - $24,999
$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999
$75,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000+
6,104
8.7%
8.8%
12.2%
17.7%
22.7%
14.8%
11.3%
2.0%
1.9%
$63,690
21,714
8.5%
8.9%
11.3%
16.0%
23.4%
16.3%
11.6%
2.4%
1.6%
$64,847
26,133
8.5%
9.0%
11.0%
15.7%
23.0%
16.4%
12.1%
2.6%
1.6%
$65,685
< $15,000
$15,000 - $24,999
$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999
$75,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000+
7,235
7.4%
6.5%
8.8%
16.9%
23.0%
14.1%
15.1%
5.1%
3.0%
$75,802
25,898
7.1%
6.7%
9.4%
14.3%
23.5%
15.1%
16.3%
4.8%
2.7%
$75,956
31,767
7.1%
7.0%
9.4%
13.9%
22.8%
15.0%
17.0%
4.9%
2.8%
$76,605
2,833
2.2%
8.0%
36.3%
27.1%
23.2%
2.8%
0.1%
0.3%
$169,917
11,746
4.0%
8.2%
36.3%
32.0%
16.0%
2.8%
0.3%
0.3%
$163,023
14,304
5.3%
8.3%
34.0%
31.1%
16.6%
3.8%
0.6%
0.3%
$166,134
2,314
98.7%
1.3%
$651
$662
6,496
98.1%
1.9%
$625
$623
7,346
97.2%
2.8%
$623
$620
Latitude:
37.7976
2000 Owner Occupied HUs by Value
Total
<$50,000
$50,000 - 99,999
$100,000 - 149,999
$150,000 - 199,999
$200,000 - $299,999
$300,000 - 499,999
$500,000 - 999,999
$1,000,000+
Average Home Value
2000 Specified Renter Occupied HUs by Contract Rent
Total
With Cash Rent
No Cash Rent
Median Rent
Average Rent
Data Note: Income represents the preceding year, expressed in current dollars. Household income includes wage and salary earnings, interest, dividends, net rents,
pensions, SSI and welfare payments, child support and alimony. Specified Renter Occupied HUs exclude houses on 10+ acres. Average Rent excludes units paying no
cash rent.
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2006 and 2011.
Manteca Marketplace
©2006 ESRI
On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-795-7483
8/11/2006
Page 1 of 8
©2006 ESRI
8/11/2006
Page 2 of 8
Demographics
Market Profile
Storetrax ID (3090)
Latitude:
37.7976
1457 W Yosemite Ave
1457 W Yosemite Ave
1457 W Yosemite Ave
Manteca, CA 95337
Manteca, CA 95337
Manteca, CA 95337
Radius: 1.0 miles
Radius: 3.0 miles
Radius: 5.0 miles
2000 Population by Age
Total
0-4
5-9
10 - 14
15 - 19
20 - 24
25 - 34
35 - 44
45 - 54
55 - 64
65 - 74
75 - 84
85+
18+
15,222
7.6%
9.3%
9.3%
9.2%
5.8%
13.6%
17.8%
13.2%
6.1%
4.1%
2.7%
1.3%
67.9%
56,090
7.6%
9.2%
9.4%
8.8%
5.7%
13.0%
17.4%
12.8%
7.2%
4.8%
3.1%
1.1%
68.3%
67,176
7.6%
9.2%
9.4%
8.6%
5.6%
13.0%
17.2%
12.8%
7.4%
4.9%
3.1%
1.0%
68.3%
Total
0-4
5-9
10 - 14
15 - 19
20 - 24
25 - 34
35 - 44
45 - 54
55 - 64
65 - 74
75 - 84
85+
18+
18,702
7.8%
7.3%
9.0%
9.2%
8.4%
12.8%
15.2%
14.2%
8.4%
3.7%
2.5%
1.4%
70.0%
68,020
7.8%
7.3%
8.8%
8.6%
7.8%
12.4%
14.8%
14.3%
9.2%
4.8%
3.1%
1.2%
70.7%
82,427
7.9%
7.4%
8.9%
8.5%
7.6%
12.4%
15.0%
14.1%
9.2%
4.9%
3.1%
1.2%
70.5%
Total
0-4
5-9
10 - 14
15 - 19
20 - 24
25 - 34
35 - 44
45 - 54
55 - 64
65 - 74
75 - 84
85+
18+
22,338
8.1%
7.5%
7.4%
8.6%
7.9%
15.6%
13.2%
14.3%
9.4%
4.1%
2.3%
1.5%
71.5%
81,532
8.0%
7.4%
7.4%
8.0%
7.3%
14.5%
13.0%
14.6%
10.4%
5.1%
3.0%
1.4%
72.1%
100,710
8.1%
7.5%
7.5%
8.1%
7.2%
14.2%
13.0%
14.5%
10.4%
5.2%
3.0%
1.3%
71.9%
49.5%
50.5%
49.3%
50.7%
49.5%
50.5%
49.5%
50.5%
49.4%
50.6%
49.5%
50.5%
49.4%
50.6%
49.3%
50.7%
49.4%
50.6%
2000 Population by Sex
Males
Females
Males
Females
Males
Females
Market Profile
Storetrax ID (3090)
1457 W Yosemite Ave
1457 W Yosemite Ave
1457 W Yosemite Ave
Manteca, CA 95337
Manteca, CA 95337
Manteca, CA 95337
Radius: 1.0 miles
Radius: 3.0 miles
Radius: 5.0 miles
2000 Population by Race/Ethnicity
Total
White Alone
Black Alone
American Indian Alone
Asian or Pacific Islander Alone
Some Other Race Alone
Two or More Races
Hispanic Origin
Diversity Index
15,221
73.4%
3.5%
1.4%
4.2%
11.3%
6.2%
25.6%
66.5
56,090
72.3%
2.7%
1.4%
4.6%
12.6%
6.4%
26.5%
67.9
67,176
70.9%
2.9%
1.3%
5.4%
13.0%
6.5%
26.9%
69.3
Total
White Alone
Black Alone
Two or More Races
Hispanic Origin
Diversity Index
18,701
68.0%
3.8%
1.4%
5.0%
14.1%
7.7%
32.0%
73.7
68,022
66.9%
2.9%
1.4%
5.3%
15.7%
7.9%
32.9%
74.8
82,429
65.3%
3.1%
1.3%
6.1%
16.2%
8.0%
33.3%
76.0
Total
White Alone
Black Alone
Two or More Races
Hispanic Origin
Diversity Index
22,339
64.1%
3.9%
1.4%
5.7%
16.3%
8.6%
36.7%
77.7
81,529
63.1%
2.9%
1.4%
5.8%
18.1%
8.8%
37.7%
78.7
100,711
61.4%
3.1%
1.3%
6.8%
18.6%
8.8%
38.1%
79.8
2000 Population 3+ by School Enrollment
Total
Enrolled in Nursery/Preschool
Enrolled in Kindergarten
Enrolled in Grade 1-8
Enrolled in Grade 9-12
Enrolled in College
Enrolled in Grad/Prof School
Not Enrolled in School
14,413
1.7%
1.5%
17.1%
8.1%
5.3%
0.4%
65.8%
53,631
1.6%
1.9%
15.9%
8.0%
4.6%
0.5%
67.6%
64,146
1.6%
2.0%
15.7%
8.0%
4.5%
0.5%
67.8%
2000 Population 25+ by Educational Attainment
Total
Less than 9th Grade
9th - 12th Grade, No Diploma
High School Graduate
Some College, No Degree
Associate Degree
Bachelor's Degree
Master's/Prof/Doctorate Degree
8,901
7.4%
14.3%
32.0%
30.0%
6.5%
6.8%
3.0%
33,514
7.7%
15.0%
32.1%
27.4%
7.0%
7.8%
3.1%
40,174
7.9%
15.1%
32.5%
26.9%
7.0%
7.7%
3.0%
Latitude:
37.7976
Data Note: Persons of Hispanic Origin may be of any race. The Diversity Index measures the probability that two people from the same area will be from different race/
ethnic groups.
©2006 ESRI
8/11/2006
Page 3 of 8
©2006 ESRI
Manteca, CA
8/11/2006
Page 4 of 8
Demographics
Market Profile
Storetrax ID (3090)
Latitude:
1457 W Yosemite Ave
1457 W Yosemite Ave
1457 W Yosemite Ave
Manteca, CA 95337
Manteca, CA 95337
Manteca, CA 95337
Radius: 1.0 miles
Radius: 3.0 miles
Radius: 5.0 miles
37.7976
2000 Population 15+ by Sex and Marital
Status
Total
Females
Never Married
Married, not Separated
Married, Separated
Widowed
Divorced
Males
Never Married
Married, not Separated
Married, Separated
Widowed
Divorced
11,076
52.2%
11.3%
29.1%
1.4%
4.1%
6.3%
47.8%
12.8%
28.3%
0.7%
1.1%
5.0%
41,452
51.3%
10.4%
29.4%
1.7%
3.9%
5.9%
48.7%
13.4%
29.2%
0.8%
1.0%
4.3%
49,608
51.2%
10.4%
29.4%
1.6%
4.0%
5.8%
48.8%
13.2%
29.4%
0.9%
1.0%
4.3%
2000 Population 16+ by Employment Status
Total
In Labor Force
Civilian Employed
Civilian Unemployed
In Armed Forces
Not in Labor Force
10,748
65.6%
60.0%
5.5%
0.1%
34.4%
40,447
63.5%
58.2%
5.1%
0.1%
36.5%
48,331
62.7%
57.6%
5.0%
0.1%
37.3%
2006 Civilian Population 16+ in Labor Force
Civilian Employed
Civilian Unemployed
91.7%
8.3%
92.8%
7.2%
93.0%
7.0%
2011 Civilian Population 16+ in Labor Force
Civilian Employed
Civilian Unemployed
92.3%
7.7%
93.3%
6.7%
93.5%
6.5%
2000 Females 16+ by Employment Status and Age of Children
Total
Own Children < 6 Only
Employed/in Armed Forces
Unemployed
Not in Labor Force
Own Children < 6 and 6-17 Only
Unemployed
Not in Labor Force
Own Children 6-17 Only
Unemployed
Not in Labor Force
No Own Children < 18
Unemployed
Not in Labor Force
5,601
7.4%
3.7%
0.3%
3.4%
9.3%
3.6%
0.8%
4.9%
23.8%
16.3%
1.2%
6.3%
59.5%
28.0%
3.4%
28.1%
20,747
7.0%
3.6%
0.3%
3.1%
9.4%
4.6%
0.5%
4.2%
22.3%
15.0%
1.3%
6.1%
61.4%
28.1%
3.2%
30.1%
24,763
7.0%
3.6%
0.3%
3.1%
9.4%
4.7%
0.6%
4.2%
21.9%
14.5%
1.2%
6.1%
61.6%
27.8%
2.9%
30.9%
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2006.
©2006 ESRI
8/11/2006
Page 5 of 8
Market Profile
Storetrax ID (3090)
Latitude:
37.7976
1457 W Yosemite Ave
1457 W Yosemite Ave
1457 W Yosemite Ave
Manteca, CA 95337
Manteca, CA 95337
Manteca, CA 95337
Radius: 1.0 miles
Radius: 3.0 miles
Radius: 5.0 miles
7,602
1.5%
9.6%
13.0%
5.8%
14.9%
5.2%
1.4%
6.0%
38.0%
4.5%
26,548
2.0%
9.7%
10.9%
5.2%
13.4%
6.4%
1.6%
5.7%
39.9%
5.2%
31,904
2.3%
9.8%
11.0%
5.3%
13.3%
6.4%
1.6%
5.6%
39.7%
5.1%
7,600
53.2%
10.9%
14.0%
11.3%
17.0%
17.1%
29.8%
1.0%
8.6%
4.6%
5.3%
10.2%
26,548
52.8%
9.7%
16.3%
9.7%
17.1%
15.6%
31.6%
1.1%
8.4%
5.5%
5.7%
10.8%
31,905
52.8%
10.1%
16.3%
9.8%
16.7%
15.6%
31.7%
1.3%
8.3%
5.6%
5.9%
10.6%
6,276
74.4%
17.2%
1.3%
2.4%
1.5%
3.1%
23,036
76.4%
16.3%
1.5%
1.9%
1.4%
2.6%
27,222
76.5%
16.2%
1.3%
1.9%
1.4%
2.6%
6,274
96.9%
2.8%
12.4%
22.4%
12.7%
14.5%
4.9%
6.3%
12.0%
9.0%
3.1%
33.8
23,036
97.4%
3.4%
12.9%
24.4%
11.9%
13.3%
4.2%
6.5%
10.8%
10.0%
2.6%
34.1
27,223
97.4%
3.5%
12.3%
24.8%
11.9%
13.3%
4.1%
6.5%
10.7%
10.3%
2.6%
34.4
5,152
7.1%
33.0%
36.3%
17.7%
4.3%
1.6%
1.8
18,280
5.6%
30.6%
39.4%
17.5%
5.1%
1.9%
1.9
21,749
5.2%
29.8%
40.4%
17.3%
5.3%
2.0%
1.9
2006 Employed Population 16+ by Industry
Total
Agriculture/Mining
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation/Utilities
Information
Finance/Insurance/Real Estate
Services
Public Administration
2006 Employed Population 16+ by Occupation
Total
White Collar
Management/Business/Financial
Professional
Sales
Administrative Support
Services
Blue Collar
Farming/Forestry/Fishing
Construction/Extraction
Installation/Maintenance/Repair
Production
Transportation/Material Moving
2000 Workers 16+ by Means of Transportation to Work
Total
Drove Alone - Car, Truck, or Van
Carpooled - Car, Truck, or Van
Public Transportation
Walked
Other Means
Worked at Home
2000 Workers 16+ by Travel Time to Work
Total
Did Not Work at Home
Less than 5 minutes
5 to 9 minutes
10 to 19 minutes
20 to 24 minutes
25 to 34 minutes
35 to 44 minutes
45 to 59 minutes
60 to 89 minutes
90 or more minutes
Worked at Home
Average Travel Time to Work (in min)
2000 Households by Vehicles Available
Total
None
1
2
3
4
5+
Average Number of Vehicles Available
Manteca Marketplace
©2006 ESRI
8/11/2006
Page 6 of 8
Demographics
Market Profile
Market Profile
Storetrax ID (3090)
Latitude:
1457 W Yosemite Ave
1457 W Yosemite Ave
1457 W Yosemite Ave
Manteca, CA 95337
Manteca, CA 95337
Manteca, CA 95337
Radius: 1.0 miles
Radius: 3.0 miles
Radius: 5.0 miles
37.7976
2000 Households by Type
Total
Family Households
Married-couple Family
With Related Children
Other Family (No Spouse)
With Related Children
Nonfamily Households
Householder Living Alone
Householder Not Living Alone
5,094
73.6%
53.7%
33.0%
19.8%
14.7%
26.4%
21.0%
5.4%
18,271
77.4%
58.3%
34.1%
19.1%
13.7%
22.6%
17.6%
5.0%
21,752
77.9%
59.2%
34.4%
18.7%
13.3%
22.1%
17.2%
4.9%
Households with Related Children
Households with Persons 65+
47.7%
17.7%
47.9%
19.4%
47.7%
20.0%
2000 Households by Size
Total
1 Person Household
2 Person Household
3 Person Household
4 Person Household
5 Person Household
6 Person Household
7+ Person Household
5,094
21.0%
25.6%
18.0%
19.0%
9.5%
4.0%
2.8%
18,270
17.6%
27.5%
18.2%
19.1%
10.3%
4.3%
3.0%
21,754
17.2%
27.7%
17.9%
19.0%
10.5%
4.4%
3.2%
2000 Households by Year Householder Moved In
Total
Moved in 1999 to March 2000
Moved in 1995 to 1998
Moved in 1969 or Earlier
Median Year Householder Moved In
5,152
23.3%
34.4%
21.5%
13.1%
4.9%
2.7%
1996
18,282
21.2%
31.5%
17.9%
16.9%
7.6%
5.0%
1995
21,749
20.8%
31.2%
18.1%
16.6%
7.8%
5.4%
1995
2000 Housing Units by Units in Structure
Total
1, Detached
1, Attached
2
3 or 4
5 to 9
10 to 19
20+
Mobile Home
Other
5,376
62.4%
5.9%
2.6%
5.5%
6.2%
1.8%
13.3%
1.9%
0.5%
18,872
72.7%
4.2%
2.0%
4.3%
3.0%
1.8%
7.3%
4.4%
0.3%
22,497
73.1%
4.1%
1.8%
3.7%
2.7%
1.6%
6.3%
6.3%
0.4%
2000 Housing Units by Year Structure Built
Total
1999 to March 2000
1995 to 1998
1990 to 1994
1980 to 1989
1970 to 1979
1969 or Earlier
Median Year Structure Built
5,372
1.9%
5.8%
13.4%
31.2%
17.8%
30.1%
1981
18,892
3.5%
5.9%
9.0%
28.0%
23.0%
30.6%
1978
22,524
4.1%
6.4%
9.9%
26.3%
22.3%
31.0%
1979
Storetrax ID (3090)
Latitude:
37.7976
1457 W Yosemite Ave
1457 W Yosemite Ave
1457 W Yosemite Ave
Manteca, CA 95337
Manteca, CA 95337
Manteca, CA 95337
Radius: 1.0 miles
Radius: 3.0 miles
Radius: 5.0 miles
Sophisticated Squires
Urban Villages
Main Street, USA
Urban Villages
Main Street, USA
Top 3 Tapestry Segments
1.
2.
3.
Aspiring Young Familie
Industrious Urban Frin
2006 Consumer Spending shows the amount spent on a variety of goods and services by households that reside in the market
area. Expenditures are shown by broad budget categories that are not mutually exclusive. Consumer spending does not equal
business revenue.
Apparel & Services: Total $
$11,207,223
$40,261,481
$48,906,903
Average Spent
$1,836.05
$1,854.00
$1,871.39
Spending Potential Index
67
68
69
Computers & Accessories: Total $
$1,491,884
$5,329,293
$6,481,921
Average Spent
$244.41
$245.41
$248.03
95
95
96
Education: Total $
$6,293,114
$22,622,040
$27,338,489
Average Spent
$1,030.98
$1,041.72
$1,046.09
91
92
93
Entertainment/Recreation: Total $
$18,005,272
$65,923,875
$80,478,490
Average Spent
$2,949.75
$3,035.73
$3,079.46
89
92
93
Food at Home: Total $
$26,883,972
$96,764,057
$117,788,963
Average Spent
$4,404.32
$4,455.89
$4,507.12
90
91
92
Food Away from Home: Total $
$18,550,923
$66,402,933
$80,713,863
Average Spent
$3,039.14
$3,057.79
$3,088.46
91
92
93
Health Care: Total $
$18,427,631
$68,348,129
$83,714,945
Average Spent
$3,018.94
$3,147.36
$3,203.30
82
86
87
HH Furnishings & Equipment: Total $
$10,978,834
$39,781,123
$48,587,027
Average Spent
$1,798.63
$1,831.88
$1,859.15
82
83
84
Investments: Total $
$31,267,810
$114,729,126
$140,720,877
Average Spent
$5,122.51
$5,283.16
$5,384.59
110
113
115
Retail Goods: Total $
$135,240,737
$489,259,778
$597,214,842
Average Spent
$22,156.08
$22,529.92
$22,852.03
85
86
88
Shelter: Total $
$83,512,565
$301,044,968
$366,416,331
Average Spent
$13,681.61
$13,862.82
$14,020.68
96
97
98
TV/Video/Sound Equipment: Total $
$5,941,948
$21,325,508
$25,931,884
Average Spent
$973.45
$982.02
$992.27
89
90
91
Travel: Total $
$9,865,866
$36,521,709
$44,563,136
Average Spent
$1,616.30
$1,681.79
$1,705.18
90
94
95
Vehicle Maintenance & Repairs: Total $
$6,141,130
$21,841,236
$26,617,718
Average Spent
$1,006.08
$1,005.77
$1,018.51
94
94
95
Data Note: The Spending Potential Index represents the amount spent in the area relative to a national average of 100.
Source: Expenditure data are derived from the 2001, 2002 and 2003 Consumer Expenditure Surveys, Bureau of Labor Statistics. ESRI
forecasts for 2006 and 2011.
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing.
©2006 ESRI
8/11/2006
Page 7 of 8
©2006 ESRI
Manteca, CA
8/11/2006
Page 8 of 8
Parcel Map
APN #: 200-150-21; 200-190-02; 200-190-03; 200-190-04; 200-190-05; 200-190-06
Manteca Marketplace
Parcel Map
Manteca, CA
3 P a r k P l a z a , S u i t e 5 5 0 • I r v i n e , C A 9 2 614 T e l 94 9 . 8 3 3 . 3 3 8 0 F a x 94 9 . 8 3 3 . 3 3 8 2 • w w w . R E Z A c o m p a n i e s . c o m

Manteca Marketplace

Transcription

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