Big 5 Sporting Goods

Big 5
Sporting
Goods
Northern
California
actual store
Just opened
major commercial street
public company-rent increases
1055 US Highway 101, Crescent City, CA 95531
For more info on this opportunity please contact:
Rick Sanner
Bob Sanner
rsanner@capitalpacific.com | (415) 274-2709
CA BRE# 01792433
bsanner@capitalpacific.com | (415) 274-2717
CA BRE# 00869657
John Andreini
Chris Kostanecki
jandreini@capitalpacific.com | (415) 274-2715
CA BRE# 01440360
Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.
ck@capitalpacific.com | (415) 274-2701
CA BRE# 01002010
Big 5 sporting goods is a new, freestanding
store in northern california
Located just north of downtown Crescent City, this is the only Big 5 store
within a 60-mile radius. It is located on Highway 101, a major commercial
street. In most parts of California, highway 101 is a limited-access freeway.
However, going through Crescent City it is a five-lane commercial street
with an unrestricted left turn into the site.
Investment Highlights
actual store
PRICE: $2,572,000
CAP: 6.0%
RENTABLE SF. . . . 10,000 SF
LAND AREA. . . . . . 1.0 Acre
LEASE TYPE. . . . . . NN
YEAR BUILT. . . . . . Late 2014
Public company tenant
Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion
California-based, stable tenant
The company opened its first store in 1955. It is headquartered in the Los
Angeles area and, of the 62 stores opened in the last five years, 44% were in
California. There are a total of 439 stores, about 49% of which are in California.
Twenty years of options
7-year primary lease term with twenty years of options
Completed and opened in December, 2014
Big 5 sporting goods | 2
actual store
Income & Expense
PRICE
$2,572,000
Capitalization Rate:
6.0%
Total Rentable Area (SF):
10,000
Lot Size (Acres):
STABILIZED INCOME
1.00
Per Square Foot
Scheduled Rent
$15.43
$154,308
Effective Gross Income
$15.43
$154,308
LESS
Per Square Foot
Taxes
Paid by Tenant
$0.00
Insurance
Paid by Tenant
$0.00
Total Operating Expenses
EQUALS NET OPERATING INCOME
$0.00
$154,308
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.
Big 5 sporting goods | 3
Rent Roll
TENANT INFO
Tenant Name
Big 5
LEASE TERMS
Sq. Ft.
10,000
Option 1
Option 2
Option 3
Option 4
Totals:
9,999
Term
RENT SUMMARY
Current
Rent
Monthly
Rent
Yearly
Rent
Monthly
Rent/FT
Yearly
Rent/FT
$154,308
$12,859
$154,308
$1.29
$15.43
12/15/2014
1/31/2020
2/1/2020
1/31/2022
$14,145
$169,740
$1.41
$16.98
2/1/2022
1/31/2025
$14,145
$169,740
$1.41
$16.98
2/1/2025
1/31/2027
$15,559
$186,708
$1.56
$18.67
2/1/2027
1/31/2030
$15,559
$186,708
$1.56
$18.67
2/1/2030
1/31/2032
$17,115
$205,380
$1.71
$20.54
2/1/2032
1/31/2035
$17,115
$205,380
$1.71
$20.54
2/1/2035
1/31/2037
$18,826
$225,912
$1.88
$22.59
2/1/2037
1/31/2040
$18,826
$225,912
$1.88
$22.59
2/1/2040
1/31/2042
$20,709
$248,508
$2.07
$24.85
$12,859
$154,308
$1.29
$15.43
$154,308
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.
actual store
Big 5 sporting goods | 4
Northcres
t Drive
desirable freeway accessibility
Subject property is located on Highway 101, a five-lane commercial street,
with an unrestricted left turn into the site
Mary
Peacock
Elementary
DEL NORTE
COUNTY AIRPORT
101
e
riv
D
ay
rkw
Pa
W Washington Boulevard
E Washington Boulevard
Del Norte
County
High School
0
00
,
30
Y
IL
A
D
Castle Rock
Charter School
Inyo Street
101
Pacific Avenue
Crescent Elk
Elementary
Joe Hamilton
Elementary
t
ee
W
EUREKA
tr
hS
9t
Elk Valley Road
t
ee
Fro
n
tr
tS
101
actual store
Big 5 Sporting Goods
About Big 5 Sporting Goods
Big 5 Sporting goods
is one of america’s
top retailers of name
brand sporting goods
and accessories
With 439 locations in 12 western states and about 9,500
employees, Big 5 Sporting Goods (NASDAQ: BGFV) is one of
America’s top retailers of name brand sporting goods and
accessories.
The standard store is approximately 10,000 -11,000 square
feet and sells a mix of sporting goods including athletic shoes,
apparel, and outdoor and athletic equipment.
NUMBER OF EMPLOYEES
9,500
2014 REVENUE
$977.9 Million
NUMBER OF LOCATIONS
439
The net worth is about $194 million and 2014 sales were almost
$978 million. Net income for 2014 was $14.9 million.
Big 5 sporting goods | 6
Regional Map
City�
t
n
e
c
es
Cr
tion
a
c
o
L
A
C
traffic counts
in excess of
30,000 vpd on us
highway 101
Crescent City
Big 5
Sporting
goods
actual store
Big 5 sporting goods | 7
Location & Demos
Crescent City, CA Overview
Named for the crescent-shaped stretch of sandy beach south of the city,
Crescent City is the county seat of Del Norte County and is located just 20
miles south of the Oregon-California border. The population of the Crescent
City area is about 18,000.
Due to the richness of the local Pacific Ocean waters and the ease of access,
Crescent City Harbor serves as home port for numerous commercial fishing
vessels. The harbor is also home to multiple fishing and non-fishing related
businesses and harbor government offices.
Crescent City is a popular tourist destination due to its coastal location and
abundance of beautiful redwood trees. Crescent City is also home to a satellite
campus of College of the Redwoods, a two-year college based in Humbolt
County.
A few miles north of downtown is Pelican Bay State Prison (PBSP), with 1400+
state employees and an annual budget approaching $200 million.
Crescent City also benefits from non-stop commercial air service to Crescent
City Airport (CEC) from San Francisco on United Express.
Population
2013
1-Mile
3-Mile
5-Mile
5,902
16,141
17,999
1-Mile
3-Mile
5-Mile
$38,828
$26,374
$49,030
$33,335
$50,201
$33,997
2013 Household incomes
Average
Median
Top Employers in Crescent City
Walmart
Del Norte County Unified School District
College of the Redwoods
Home Depot
Safeway
Pelican Bay State Prison
Big 5 sporting goods | 8
actual store
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Rick Sanner
Bob Sanner
rsanner@capitalpacific.com | (415) 274-2709
CA BRE# 01792433
bsanner@capitalpacific.com | (415) 274-2717
CA BRE# 00869657
John Andreini
Chris Kostanecki
jandreini@capitalpacific.com | (415) 274-2715
CA BRE# 01440360
ck@capitalpacific.com | (415) 274-2701
CA BRE# 01002010
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