3520 S. EL CAMINO REAL
San Mateo, California
100% Single Tenant Retail Leasehold Investment
FOR MORE
INFORMATION
PLEASE
CONTACT
DAVID FUKUDA
Lic. 01028303
+1 408 453 7429
[email protected]
JACK DEPUY
Lic. 01796176
+1 408 453 7466
[email protected]
SETH MCKINNON
Lic. 01842050
+1 650.577.2927
[email protected]
CBRE, INC. | 225 W. Santa Clara, 10th Floor, San Jose, CA 95113 | +1 408 453 7400 | www.cbre.com/siliconvalley
3520 S. EL CAMINO REAL
EXECUTIVE SUMMARY
San Mateo, California
CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire the leasehold interest in 3520 S. El Camino Real, a single story, 22,039 square
foot retail building located in San Mateo California. The Property is 100% leased to one tenant, PetSmart. The Property is situated along one of San Mateo’s busiest
streets with excellent visibility and is surrounded by major retailers. The Property is on a short term ground lease that expires in 2030, with no option to renew.
Price - $2,500,000
Price PSF - $113
NOI- $298,559*
Capitalization Rate –12%*
*Based on NOI beginning 10/1/14 and includes payment of
ground lease
• Total of ±22,039 SF
• Petsmart Lease Expiration Date: 3/31/2019
• ±1.75 Acres (76,230 SF)
• 100% Occupancy
• Petsmart Options to Renew: 3 Options to
renew through the remaining term of ground
lease
• Tenant - PetSmart
• Ground lease expiration: 5/31/2030
• Parking: 4.3/1,000 (95 spaces)
• For Additional Information, please call listing
brokers
• APN: 042-121-040
• C3 Regional / Community Commercial Zoning
3520 S. EL CAMINO REAL
San Mateo, California
BAY MEADOWS
NEW DEVELOPMENT
PROPERTY SUMMARY
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© 2014 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee,
warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. The value of this transaction to you depends on tax and other
factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine
to your satisfaction the suitability of the property for your needs.N:\Team-Marketing\3520 S. El Camino Real\3520 S. ElCaminoReal_OM_v01.indd
3520 S. EL CAMINO REAL
San Mateo, California
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PROPERTY SUMMARY
Site Plan
±22,039 SF
3520 S. EL CAMINO REAL
TENANT OVERVIEW
San Mateo, California
COMPANY OVERVIEW
Corporate HQ:
Phoenix, AZ
Founded:
1986
# of Stores / Employees:
1,289 / 52,000
Website:
www.petsmart.com
FINANCIAL HIGHLIGHTS
Market Cap:
± $6.60B
Profit Margin:
6.07%
Operating Margin:
10.02%
Total Revenues:
$6.92B
Gross Profit Margin (ttm):
$2.12B
EBITDA:
$928.75M
NADAQ Ticker:
PETM
PetSmart is the largest pet retailer of services and solutions for the
lifetime needs of pets in North America. PetSmart was established
in 1986 and went public in 1992 on NASDAQ, ticker PETM.
PetSmart operates 1,289 stores in the United States, Canada
and Puerto Rico. Their stores are stocked with more than 10,000
products.
The PetSmart San Mateo location offers a fully stocked retail store
located adjacent Hillsdale Shopping Center, one of the MidPeninsula’s busiest shopping destinations. In addition to the retail
store, the San Mateo PetSmart offers an array of pet grooming
services, pet training services with PetSmart accredited trainers and
a Banfield Pet Hospital. The Banfield Pet Hospital are in-store pet
hospitals that offer expert veterinarian care including a full range of
health care, wellness programs and emergency services.
3520 S. EL CAMINO REAL
San Mateo, California
Population
Income
LOCATION OVERVIEW
0.5 mile radius
1 mile radius
3 mile radius
$85,067
$99,650
2014 Est. Median
Household Income
$74,981
2019 Prj. Median
Household Income
$84,582
$97,037
$111,011
2000 Cen. Median
Household Income
$55,957
$65,926
$78,016
2014 Est. Average
Household Income
$102,789
$112,832
$134,218
2014 Estimated Per
Capita Income
$40,317
$44,784
$53,722
0.5 mile radius
1 mile radius
3 mile radius
2014 Estimated Population
7,183
28,722
165,329
2019 Projected Population
7,570
30,521
175,303
2010 Census Population
6,870
27,227
156,935
2000 Census Population
46,455
25,729
151,269
Growth 2010-2014
4.55%
5.49%
5.35%
Growth 2014-2019
5.36%
6.26%
6.03%
2014 Estimated Median Age
38.59
40.21
41.25
2014 Estimated Average Age
39.15
39.95
40.56
Households
0.5 mile radius 1 mile radius
3 mile radius
2014 Estimated Households
2,817
11,400
66,175
2019 Projected Households
2,953
12,084
70,071
2010 Census Households
2,714
10,834
62,976
2000 Census Households
2,652
10,505
61,823
Growth 2010-2014
3.79%
2.55%
5.08%
Growth 2014-2019
4.81%
5.99%
5.89%
0.5 mile radius
1 mile radius
3 mile radius
Housing
2014 Estimated Housing Units
2,917
11,819
68,980
2014 Estimated Occupied Units
2,817
11,400
66,175
2013 Estimated Vacant Units
100
419
2,805
2014 Est. Owner Occupied Units
1,058
5,965
38,074
2014 Est. Renter Occupied Units
1,759
5,435
28,100
2014 Est. Median Housing Value
$763,064
$763,421
$794,820
2014 Est. Average Housing Value
$770,621
$783,819
$852,192
3520 S. EL CAMINO REAL
LOCATION OVERVIEW
San Mateo, California
© 2014 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee,
warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. The value of this transaction to you depends on tax and other
factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine
to your satisfaction the suitability of the property for your needs.N:\Team-Marketing\3520 S. El Camino Real\3520 S. ElCaminoReal_OM_v01.indd