lincoln gateway...frayji design group lincoln gateway 110 gateway drive | lincoln, ca 95648 d / robb...

LINCOLN GATEWAY110 GATEWAY DRIVE | LINCOLN, CA 95648

STABILIZED INVESTMENT OPPORTUNITY

ROBB OSBORNESenior Vice [email protected] #: 01398696

BRANDON SESSIONSVice [email protected] #: 01914432

JEFF [email protected] #: 01991715

COLE SWEATTVice [email protected] #: 01220240

The information in this document was obtained from sources we deem rel iable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.

The material contained in the Offering Memorandum is confidential, furnished solely for the purpose of considering the purchase of 110 GATEWAY DRIVE, LINCOLN, CA 95648 and is not to be used for any other purpose or made available to any other person without the ex-press written consent of TRI Commercial Real Estate Services or the Owner. The material is based in part upon information supplied by the Owner’s consultants, architects, advisors, and in part upon information obtained by TRI Commercial Real Estate Services from sources it deems to be reliable. Summaries contained in the Offering Memorandum of any legal or other documents are not intended to be comprehen-sive statements of the terms of such documents but rather only outlines of some of the principal provisions contained therein. In accordance with our standard practice, this Offering Memorandum has been prepared solely for informational purposes and does not constitute all or any part of an offer or contract. It is designed to assist a potential investor in determining whether to proceed with an in-depth investigation of the subject project. Owner and TRI Commercial Real Estate Services strongly recommend that each potential investor review the information contained in the brochure with its accountants, attorneys and tax advisors. Any projects contained herein represent best estimates based on assumptions considered reasonable under circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions, prior sale or lease, change of price or terms, other changes in the information and is subject to modification or withdrawal without notice.

NO WARRANTY OR REPRESENTATION EXPRESSED OR IMPLIED IS MADE BY THE OWNER OR TRI COMMERCIAL REAL ESTATE SERVICES OR ANY OF THEIR PARENT, AFFILIATED OR SUBSIDIARY ENTITIES AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN. PROSPECTIVE INVESTORS SHOULD MAKE THEIR OWN INVESTIGATIONS AND CONCLUSIONS WITHOUT RELIANCE UPON THE MATERIAL CONTAINED HEREIN.

L I N C O L N G AT E WAY110 GATEWAY DRIVE | LINCOLN, CA 95648



INVESTMENT OVERVIEW:

• PURCHASE PRICE: $4,157,535• NOI: $295,185• CAP RATE: 7.1%• 100% OCCUPANCY

PROPERTY HIGHLIGHTS:

• Two-story, multi-tenant building for investment purchase

• First floor is leased to a variety of established retailers

• Second floor is zoned for general office use

• Located within the mixed-use Lincoln Gateway Center, which is comprised of eight retail/medical/office buildings

• The building enjoys quality construction with upscale landscaping, common areas, and outdoor seating

• The building is located at the hard corner of Gateway Drive and Lincoln Boulevard at the entryway to down-town Lincoln

• Excellent street frontage and visibility along Lincoln Boulevard

• The site location enjoys high daily traffic counts (23,000/day - source City of Lincoln)

• The City of Lincoln boasts strong demographics and a growing population

• Surrounded by new housing developments, hotel, shopping and retail amenities

• Notable co-tenants including, Autozone, Little Ceasars Pizza, Weight Watchers, Beach Hut Deli, Massage Envy and the ±17,000 SF fitness center, CA Ripped Fitness!


BLDG. A

D12

0

11

B

1

B

Law

Off

ices

S.T.

E.P.

C210

Sent

inel

C110C120

C140

D11

0

D13

0

IN CONTRACTBLDG H5,400 SF

BLDG G5,400 SF BLDG

E

6,600 SF

LEASED

LEASED

BLDG. C - 2ND FLOOR

C130

C120

LEASED:LINCOLN FAMILY

PRACTICE

SITE PLAN

SECOND FLOOR:110 Gateway Drive

Sacramento Makeup Design

Studio

FIRST FLOOR:110 Gateway Drive

Coco Nails

Siller Construction

Clinical Trials Research


PRIME LOCATION IN HISTORIC LINCOLNLocated on Lincoln Boulevard, the City of Lincoln has a historic “old town” Central Business District (down-town). Lincoln Gateway is prominently situated at the entry-way to Downtown Lincoln and is its newest mixed-use retail and office project. The ±74,586 square foot two-story “urban design” center was nomi-nated as the Sacramento Business Journal’s “2008 Project of the Year” and offers the area’s only unique “landmark” opportunity, ideal for upscale and specialty national credit retailers and restaurants.

GROWTH & OPPORTUNITYFrom 1999 - 2007, the City of Lincoln experienced unprecedented growth and expansion and was recog-nized as the nation’s Fastest Growing City in 2006, growing more than 225% in less than four years. Lincoln commercial and residential markets offer an established population base of ±48,500 as well as continued excellent growth opportunities. With more than ±64,000 people and ±15,000 employees within a 5-mile radius of the project, Lincoln Gateway presents local and regional services offering office, retail and restau-rant users a highly visible location that “stands out from the crowd”.

THE LINCOLN BYPASSState Route 65 is a major connector for both traffic between the I-80 and SR 70/99 corridors. The Lincoln Bypass opened in October 2012 and brought highly anticipated traffic relief to not only the residents of Lincoln, but also to commuters, travelers, and truckers throughout the region. Retails who were concerned about drawing traffic away from Downtown Lincoln have been reassured of the ongoing attraction of Down-town Lincoln. According to the City of Lincoln, Q4 2013 sales tax paid in Downtown was up 7.83% over Q4 2012, and overall 2013 sales tax paid in Downtown for the year was up 14.47% over the year 2012. It is clear the opening of the bypass did not have a negative impact on downtown retail sales.

The information in this document was obtained from sources we deem rel iable; however, no warranty or representation, expressed or implied, is made to the accurac y of the information contained herein.

NOTABLE RETAILERS IN LINCOLN TRADE AREA

CENTER INFORMATIONJoin other prominent retail Tenants already at Lincoln Gateway including CA Ripped Fitness, Autozone, Little Caesars, Massage Envy, Beach Hut Deli, Weight Watchers, Cricket Wireless and Bayabell Boutique. Other prominent retailers in the Lincoln Trade Area are Lowe’s, Home Depot, TJ Maxx, Ross, Petsmart, Walmart and Target.

DEMOGRAPHICS 1 MILE: 3 MILE: 5 MILE:2017 Total Population 12,214 43,663 65,5902022 Total Population 12.879 46,212 69,6192017 Average HH Income $76,171 $85,544 $98,1012017 Total Households 4,574 17,011 24,185Median Home Value $362,605 $373,636 $395,681



2Building Great Relationships Since 1977

$1.88

$1.35

$1.55

$1.75

$1.95

$2.15

$2.35

2011 2012 2013 2014 2015 2016 YTD

Rental Rates (Full Service)

(5,000)

-

5,000

10,000

15,000

2011 2012 2013 2014 2015 2016 YTD

Absorption

Net Gross

Total Buildings 23

Market Size (Sq. Ft.) 236,473

Vacancy Rate 21.7%

Vacant Square Feet 51,296

Availability Rate 21.7%

Available Square Feet 51,296

Under Construction (Sq. Ft.) 0

Delivered in Last 4 Quarters (Sq. Ft.) 0

Lincoln Submarket – This surveyconsists of 23 office buildings, andthe market contains 236,473 squarefeet of Class A & B office product.The current vacancy rate of 21.7%for this submarket is 7 basis pointslower than that seen since fourthquarter 2016. Average asking ratesare on an downward trend at $1.88,which is a $0.04 decrease from thefourth quarter 2016.

Market Statistics vs. Previous Quarter

Vacancy

Lease Rates

Lincoln Submarket Class A & B Office Buildings

21.70%

16.00%

20.00%

24.00%

28.00%

32.00%

2011 2012 2013 2014 2015 2016 YTD

Vacancy Rates



2Building Great Relationships Since 1977

$1.59

$1.20

$1.40

$1.60

$1.80

2011 2012 2013 2014 2015 2016 YTD

Rental Rates (Full Service)

(10,000)

‐

10,000

20,000

30,000

40,000

50,000

2011 2012 2013 2014 2015 2016 YTD

Absorption

Net Gross

Total Buildings 170

Market Size (Sq. Ft.) 1,794,097

Vacancy Rate 5.1%

Vacant Square Feet 91,357

Availability Rate 5.4%

Available Square Feet 96,386

Under Construction (Sq. Ft.) 0

Delivered in Last 4 Quarters (Sq. Ft.) 0

Lincoln Submarket – This surveyconsists of 170 buildings, and themarket contains 1.8 million squarefeet of retail product. The currentvacancy rate of 5.1% for thissubmarket is 2 basis points higherthan fourth quarter 2016. Averageasking rates are on an upward swingat $1.59, which is a $0.05 increasefrom fourth quarter 2016.

Market Statistics vs. Previous Quarter

Vacancy

Lease Rates

Lincoln Submarket Retail Buildings

5.10%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

2011 2012 2013 2014 2015 2016 YTD

Vacancy Rates



110 GATEWAY: FIRST FLOOR STACKING PLAN

*FLOOR PLANS NOT TO SCALE

BEACH HUT DELIMAKE UP BY NANCIE

WEIGHT WATCHERS

BLUSH SALON COCO NAILS

KELLER WILLIAMS


CRICKET WIRELESS


100 GATEWAY LLC

± 1,820 SF

110 GATEWAY: SECOND FLOOR STACKING PLAN

FRAJI DESIGN GROUP± 1,052

LINCOLN PTNS EXE OFFICE LLC

± 1,671 SF LINCOLN PTNS EXE OFFICE LLC

± 1,519 SF

100 GATEWAY LLC

± 2,188 SF

SILLER CONSTRUCTION

± 875

*FLOOR PLANS NOT TO SCALE


11.6’

Office 1

9.75

’9.

75’ 11.6’

Office 2

9.33’

11.2

’

Office 3

9.33’

10.2

’

Office 4

Office 5 Office 6 Office 7

9.9’ 9.9’ 16.9’

12’

12’

12’

Breakroom

LEASED

STABILIZED RENT ROLL

Tenant SquareFeet

Comm.Date

Exp.Date

Lease Rate

NNNs

100 Sacramento Make up Design

1,011 11/1/16 10/31/24 $1,819.80 NNN $454.95

110 Weight Watchers

1,286 11/19/13 10/31/21 $1,800.40 NNN $643.00

120 Blush Salon 1,200 7/8/11 2/28/22 $1,920.00 NNN $550.00

130 Perez & Tobias Realty

1,200 3/1/15 3/14/20 $1,592.00 NNN $691.00

140A Coco Nail Salon 1,709 7/1/17 12/31/27 $2,734.00 NNN $769.05

140B Cricket Wireless 900 1/1/16 12/31/20 $1,575.00 NNN $405.00

140C Beach Hut Deli 1,999 5/1/15 4/30/25 $3,605.24 NNN $916.00

210 100 Gateway Dr LLC 1,820 12 month term TBD $3,003.00 MG NA

220 Frayji Design Group

1,052 4/1/15 3/31/18 $1,625.34 MG NA

230 Lincoln Ptns Exe Office LLC

1,671 5/1/18 4/30/21 $3,509.10 FS NA

240 Lincoln Ptns Exe Office LLC

1,519 5/1/18 4/30/21 $3,189.90 FS NA

250 Siller Construction Co

875 9/15/17 1/14/21 $1,531.25 FS + janitorial

NA

260 100 Gateway Dr LLC 2,188 12 month term TBD $3,610.20 MG NA



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ROBB OSBORNESenior Vice [email protected] #: 01398696

BRANDON SESSIONSVice [email protected] #: 01914432

JEFF [email protected] #: 01991715

COLE SWEATTVice [email protected] #: 01220240

110 Gateway Drive

Lincoln Sun City

lincoln gateway...frayji design group lincoln gateway 110 gateway drive | lincoln, ca 95648 d / robb...

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