big 5 sporting goods - capital pacific · 2020. 12. 30. · big 5 (nasdaq: bgfv) has revenue of...

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Big 5 Sporting Goods JOHN ANDREINI jandreini@capitalpacific.com | (415) 274-2715 CA BRE# 01440360 RICK SANNER rsanner@capitalpacific.com | (415) 274-2709 CA BRE# 01792433 BOB SANNER bsanner@capitalpacific.com | (415) 274-2717 CA BRE# 00869657 For more info on this opportunity plse conct: Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. Just opened major commercial street public company-rent increases 1055 US Highway 101, Crescent City, CA 95531 CHRIS KOSTANECKI ck@capitalpacific.com | (415) 274-2701 CA BRE# 01002010 Northern California

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Page 1: Big 5 Sporting Goods - Capital Pacific · 2020. 12. 30. · Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion cALiForniA-BASed, StABLe tenAnt The company opened its first store

Big 5 Sporting Goods

John [email protected] | (415) 274-2715 CA BRE# 01440360

rick [email protected] | (415) 274-2709 CA BRE# 01792433

BoB [email protected] | (415) 274-2717 CA BRE# 00869657

For more info on this opportunity please contact:

Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.

Just opened major commercial streetpublic company-rent increases1055 US highway 101, crescent city, cA 95531 chriS koStAnecki

[email protected] | (415) 274-2701 CA BRE# 01002010

Northern California

Page 2: Big 5 Sporting Goods - Capital Pacific · 2020. 12. 30. · Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion cALiForniA-BASed, StABLe tenAnt The company opened its first store

Investment HighlightsBIg 5 sportIng goods Is a new, freestandIng store In nortHern

calIfornIaLocated 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.

rentABLe SF . . . . 10,000 SF

LAnd AreA . . . . . . 1.0 Acre

LeASe tYPe . . . . . . NN

YeAr BUiLt . . . . . . Late 2014

prIce: $2,572,000cap: 6.0%

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

Page 3: Big 5 Sporting Goods - Capital Pacific · 2020. 12. 30. · Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion cALiForniA-BASed, StABLe tenAnt The company opened its first store

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.

Income & expense

PRICE $2,572,000

Capitalization Rate: 6.0%

Total Rentable Area (SF): 10,000

Lot Size (Acres): 1.00

STABILIZED INCOME 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 $0.00

EQUALS NET OPERATING INCOME $154,308

BIG 5 SPoRTING GooDS | 3

Page 4: Big 5 Sporting Goods - Capital Pacific · 2020. 12. 30. · Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion cALiForniA-BASed, StABLe tenAnt The company opened its first store

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.

rent roll

tenAnt inFo LeASe termS rent SUmmArY

Tenant Name Sq. Ft. Term Current Rent

Monthly Rent

Yearly Rent

Monthly Rent/FT

Yearly Rent/FT

Big 5 10,000 12/15/2014 1/31/2020 $154,308 $12,859 $154,308 $1.29 $15.43

2/1/2020 1/31/2022 $14,145 $169,740 $1.41 $16.98

option 1 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

option 2 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

option 3 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

option 4 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

Totals: 9,999 $154,308 $12,859 $154,308 $12,859.00 $15.43

BIG 5 SPoRTING GooDS | 4

Page 5: Big 5 Sporting Goods - Capital Pacific · 2020. 12. 30. · Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion cALiForniA-BASed, StABLe tenAnt The company opened its first store

Parkway drive

w washington Boulevard

Pacific Avenue

elk Valley road

Front Stre

et

w 9th Street

e washington Boulevard

nor

thcr

est d

rive

inyo

Stre

et

101

101

101

DEL NORTE COUNTY AIRPORT

crescent elk elementary

Joe hamilton elementary

mary Peacock

elementary

castle rock charter School

del norte county

high School

EUREKA

deSirABLe FreewAY AcceSiBiLitY Subject property is located on Highway 101, a five-way commercial street, with an unrestricted left turn into the site

Page 6: Big 5 Sporting Goods - Capital Pacific · 2020. 12. 30. · Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion cALiForniA-BASed, StABLe tenAnt The company opened its first store

ABouT BIG 5 SPoRTING GooDSWith 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.

The net worth is about $194 million. 2014 sales were $978 million. Net income for 2014 is not yet reported but will be about $15-$17 million.

nUmBer oF emPLoYeeS 9,5002014 reVenUe $977.9 MillionnUmBer oF LocAtionS 439

Big 5 sporting goods

BIG 5 SPoRTING GooDS IS oNE oF AmERICA’S

ToP RETAILERS oF NAmE BRAND SPoRTING GooDS

AND ACCESSoRIES

BIG 5 SPoRTING GooDS | 6

Page 7: Big 5 Sporting Goods - Capital Pacific · 2020. 12. 30. · Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion cALiForniA-BASed, StABLe tenAnt The company opened its first store

regional Map Crescent City�

CA Location

BIg 5 SPORTINg

gOODSCrescent City

BIG 5 SPoRTING GooDS | 7

Page 8: Big 5 Sporting Goods - Capital Pacific · 2020. 12. 30. · Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion cALiForniA-BASed, StABLe tenAnt The company opened its first store

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 form non-stop commercial air service to Crescent City Airport (CEC) from San Francisco on united Express.

location & demos

2013 HOUSEHOLD INCOmES

POPULATION

WalmartDel Norte County unified School District College of the RedwoodsHome DepotSafewayPelican Bay State Prison

TOP EmPLOYERS IN CRESCENT CITY

1-Mile 3-Mile 5-Mile

2013 5,902 16,141 17,999

1-Mile 3-Mile 5-Mile

Average $38,828 $49,030 $50,201median $26,374 $33,335 $33,997

BIG 5 SPoRTING GooDS | 8

Page 9: Big 5 Sporting Goods - Capital Pacific · 2020. 12. 30. · Big 5 (NASDAQ: BGFV) has revenue of nearly $1 billion cALiForniA-BASed, StABLe tenAnt The company opened its first store

A unique HUMANRESULTS-DRIVEN client experience

the cAPitAL PAciFic exPerience - oUr dAiLY commitment to oUr cLientS

[ www .capitalPacific .com ]

Copyright © 2015 [Capital Pacific Real Estate Brokerage Company]

John [email protected] | (415) 274-2715 CA BRE# 01440360

rick [email protected] | (415) 274-2709 CA BRE# 01792433

BoB [email protected] | (415) 274-2717 CA BRE# 00869657

chriS koStAnecki [email protected] | (415) 274-2701 CA BRE# 01002010