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PMB development
7935 Madison Ave | Citrus Heights, California 95610
FORSALE
Matt [email protected]
Chris [email protected]
CAPITAL NURSERY PLAZA
SITE
Target
Best Buy
Barnes & Noble
Lowes
Old Navy
Marketplace at Birdcage
Sprouts
BevMo
Marshalls
Party City
Black Angus Steakhouse
Citrus Town Center Macy’s
Sears
JCPenney
United Artist Theater
Elephant Bar
Sunrise Mall
Trader Joe’s
Chili’s Grill & Bar
Performance Bicycle
Lamps Plus
Quail PointJoAnn’s Fabric
Benihana
Rite Aid
Olive Garden
Sunrise Village
CAPITAL NURSERY PLAZACAPITAL NURSERY PLAZA
SUN
RISE
BLV
D
SUN
RISE
BLV
D
36,3
16 A
DT
36,3
16 A
DT
MADISON AVEMADISON AVE 38,925 ADT38,925 ADT
TRADE AREA
PROPERTY HIGHLIGHTS
1 MILE 3 MILE 5 MILE
POPULATION
2016 Total Population 15,837 132,686 314,030
2021 Total Population 16,458 139,214 328,129
2016 Total Daytime Population 17,929 113,096 290,641
HOUSEHOLDS
2016 Households 6,529 51,464 119,927
2021 Households 6,652 52,939 123,116
Average Household Size 2.4 2.6 2.6
2016 Household income: Average $79,095 $83,593 $80,398
DEMOGRAPHICS
HIGHLIGHTS• Brand New Construction – Brand new quality construction ensures that the Landlord will have minimal maintenance• Irreplaceable Location – Premier location located in Northern California that has over 74,000 Vehicles Per Day. Located as an out parcel to
Smart & Final, with other tenants in the center including McDonald’s, Max Muscle, Jimmy John’s, and Moe’s Southwest Grill• Dense Location – This location has over 15,000 people in a 1-mile radius with average household income over $75,000• Growing Concept – Black Bear Diner was founded in 1994 and has quickly grown to over 94 locations• Management Fee – Tenant shall pay Landlord as additional rent a sum equal to ten percent(10%) of additional rent
TENANT
Black Bear Diner is a restaurant chain in the western United States, which serves homestyle and “old-fashioned” comfort foods. The first restaurant was opened in Mount Shasta, California in 1994, founded by Bob and Laurie Manley with help from Bruce Dean. The company is based in Redding, California and now has over 90 locations in the Western United States.
The Black Bear Diner reflects its founders’ upbringing in small-town America. Their restaurant concept sprang from a desire to bring home-style cooking and personal service back to the dining experience. While the Black Bear Diner reflects their creativity and concern for quality, service and value, our concept is built upon many years of practical experience in a variety of business endeavors.
• Smartest Growing Brands – Franchise Times• Top 10 High Performing Regional Chains – Full Service Restaurant Magazine• Top 50 Franchisors – Franchise Business Review• Next 300 Franchises to Watch – Franchise Times• Top 200 Chains – Franchise Times• Top 10 Franchise Value – Full Service Restaurant Magazine• Top Franchise Opportunities – Franchise Times
Tenant Name DBA Black Bear Diner
Founded 1995
# of Locations ±94 (53 in California)
Headquarters Redding, CA
Website www.blackbeardiner.com
DBA BLACK BEAR DINER
PRICING ANALYSIS
OFFERING SUMMARY
TENANT
Price $3,660,000
Current Net Operating Income (NOI) $165,000
Capitalization Rate 4.5%
Price per Square Foot $721
Net Rentable Area 5,080
Year Built 2016
Name DBA Black Bear Diner
Square Footage 5,080
Lease Start 11/01/16
Lease End 10/31/31
Rent/SF $2.71
Monthly Rent $13,750
Annual Rent $165,000
Increases 10% every 5 years
Lease Type NNN*
Lease Options two(2) five(5) years
* Landlord Responsibilities, Subject to Tenant’s reimbursement- Roof, Exterior walls and Sidewalk Adjacent
