REAL ESTATE ADVISORS
NNN
TACO BELL
Ian Furar
Representative Photo
Ian Furar
Exclusively listed by:
CCP REAL ESTATE ADVISORS
Transaction & Consulting Services
Managing Partner
IAN FURAR, CCIM
Managing Partner
Managing Partner
t 949-717-7711
x11
(949) 717-7711
f 949-717-0011
(949) 717-0011
e [email protected]
x11
116 EAST ROUTE 66 GLENDORA, CA 91740
t 949-717-7711 x11
f 949-717-0011
e [email protected]
[email protected]
01255089
l CA
CALic:Lic:
01255089
220 Newport Center Dr #18
Newport Beach, CA 92660
[ www.ccprea.com ]
CONFIDENTIALITY &
DISCLAIMER
The information contained in the following offering memorandum is proprietary and strictly confidential. It is
intended to be reviewed only by the party receiving it from CCP Real Estate Advisors and it should not be made
available to any other person or entity without the written consent of CCP Real Estate Advisors. By taking possession
of and reviewing the information contained herein the recipient agrees to hold and treat all such information in
the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of
the offering memorandum. If you have no interest in the subject property at this time, please delete this offering
memorandum.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to
prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information
contained herein is not a substitute for a thorough due diligence investigation. CCP Real Estate Advisors has not
made any investigation, and makes no warranty or representation with respect to the income or expenses for
the subject property, the future projected financial performance of the property, the size and square footage of
the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the
compliance with local, state and federal regulations, the physical condition of the improvements thereon, or
the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its
occupancy of the subject property. The information contained in this offering memorandum has been obtained
from sources we believe to be reliable; however, CCP Real Estate Advisors has not verified, and will not verify, any
of the information contained herein, nor has CCP Real Estate Advisors conducted any investigation regarding these
matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate measures to verify all of the information set forth
herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
PHOTOS SHOWN IN THIS OFFERING ARE OF A REPRESENTATIVE NATURE ONLY.
EXCLUSIVELY LISTED
REAL ESTATE ADVISORS
NNN
CCP REAL ESTATE ADVISORS
Transaction & Consulting Services
220 Newport Center Dr #18
Newport Beach, CA 92660
[ www.ccprea.com ]
IanFURAR,
Furar
IAN
CCIM
Managing
Partner
Managing
Partner
t 949-717-7711
x11 x11
(949) 717-7711
f 949-717-0011
(949) 717-0011
e [email protected]
[email protected]
01255089
l CA
CALic:
Lic:
01255089
AT A GLANCE
116 EAST ROUTE 66 GLENDORA, CA 91740
OFFERED AT
CAP RATE
BUILDING SIZE
RENT (YR1)
RENT PSF (ANNUAL)
TOTAL LAND AREA
YEAR BUILT
TYPE OF OWNERSHIP
APN(s)
$1,852,632
4.75%
2,025 sf
$88,000
$43.46
17,791 sf
2013
Fee Simple
8644-001-016
8644-001-015
8644-001-014
PRIMARY TERM
COMMENCEMENT
OPTION PERIODS
INCREASES
25 years
Upon Close of Escrow
4 x 5-year
7% every 5 years thru primary
and option periods
Representative Photo
COMPARABLE SALES
2544 S. ARCHIBALD AVE, ONTARIO, CA 91761
SALE DATE
09/07/2012
SALE PRICE
$2,060,000
CAP RATE
4.80%
LISTING PRICE
$2,082,500
DAYS ON MARKET
143
18145 CRENSHAW BLVD, TORRANCE, CA 90504
SALE DATE
04/30/2012
SALE PRICE
$2,968,000
CAP RATE
4.00%
LISTING PRICE
$2,968,000
DAYS ON MARKET
50
1100 S GRAND AVE, SANTA ANA, CA 92705
SALE DATE
09/14/2012
SALE PRICE
$2,825,000
CAP RATE
4.25%
LISTING PRICE
$2,825,000
DAYS ON MARKET
44
3521 CANNON ROAD, OCEANSIDE, CA 92056
SALE DATE
06/27/2012
SALE PRICE
$1,215,000
CAP RATE
4.60%
LISTING PRICE
$1,176,884
DAYS ON MARKET
42
SUBJECT
RENT ROLL
PERIOD
TERM (YR)
MONTHLY RENT
ANNUAL RENT
MONTHLY RENT PSF
ANNUAL RENT PSF
Primary 1
1-5
$7,333.33
$88,000.00
$3.62
$43.46
Primary 2
6-10
$7,846.67
$94,160.00
$3.87
$46.50
Primary 3
11-15
$8,395.93
$100,751.20
$4.15
$49.75
Primary 4
16-20
$8,983.65
$107,803.78
$4.44
$53.24
Primary 5
21-25
$9,612.50
$115,350.05
$4.75
$56.96
Option 1
26-30
$10,285.38
$123,424.55
$5.08
$60.95
Option 2
31-35
$11,005.36
$132,064.27
$5.43
$65.22
Option 3
36-40
$11,775.73
$141,308.77
$5.82
$69.78
Option 4
41-45
$12,600.03
$151,200.38
$6.22
$74.67
Representative Photo
TENANT PROFILE
COTTI FOODS
Cotti Foods’ heritage stems back to Taco Bell store #
12. Today there are over 5,600 Taco Bell units system
wide. Originally operated as two separate companies,
Cotti Foods Corporation was founded in 1996 when
father and son combined efforts into one entity. Since
1996 Cotti Foods has grown into the largest Taco Bell
Franchisee in Southern California; second largest in
the state. With 60 units throughout the State, Cotti
Foods has expanded its reach into San Diego, Orange,
Los Angeles, San Bernardino, Ventura, Santa Barbara,
Tulare & San Luis Obispo Counties.
Cotti Foods has accomplished this unparallel growth
through operations efficiency and progressive
management. Always at the forefront of store design,
Taco Bell Corporate has utilized Cotti Foods locations in
their operations manuals as well as national print and
television media.
INVESTMENT HIGHLIGHTS
Representative Photo
• New Twenty Five (25) Year Lease with 7% rental
increases every five (5) years.
• Irreplaceable location on Route 66.
• Rare NNN National Restaurant opportunity with
Drive‐Thru in Glendora.
• True Absolute Triple Net Investment—Zero
Ownership responsibility.
• Largest Taco Bell operator (60 units) in Southern
California.
• Pride of ownership, brand new 2013 construction.
• Ideal 1031 exchange property.
PROPERTY
THE STORY
Improvements to Property: Cotti Foods will scrape the
current Taco Bell restaurant and replace it with a new Taco
Bell restaurant of approximately 2,025 square feet. Cotti
Foods has received approval for the new restaurant from
Taco Bell Corp. and from the Planning Dept. of the City
of Glendora. Construction is estimated to commence in
December, 2012, and is estimated to be completed by
March 1, 2013.
RENT COMMENCEMENT
Upon close of escrow.
SITE PLAN
FLOOR PLAN
PARCEL MAP
TRADE AREA
CITY OF GLENDORA, CA
Glendora is nestled at the base of the scenic San Gabriel
Mountains, in the eastern portion of Los Angeles County.
Located approximately 27 miles from downtown Los Angeles,
Glendora offers convenient access to major commercial,
cultural, educational and recreational areas in Southern
California.
Founded in 1887, Glendora was officially incorporated as
a City in 1911. The City remained a small citrus-producing
community until the late 1950s, when agriculture gave way
to large scale residential development.
Today, more than 50,000 residents enjoy Glendora’s excellent
public and private schools, lush parks, comprehensive
community services and one of the lowest crime rates in Los
Angeles County.
Glendora’s diversified business community ranges from the
downtown “Village,” where personalized service is provided
by several owner-operated retail stores, to corporate
headquarters of major U.S. and international firms.
Glendora is also one of Southern California’s most attractive
residential communities, with a variety of homes, from cozy
turn-of-the-century cottages to prestigious executive hillside
estates.
From tree lined neighborhood streets and quaint downtown
Village shops to the modern architecture of the Financial
Way business center, Glendora is a haven from the fast pace
of the Los Angeles metropolitan area. Welcome to Glendora,
the “Pride of the Foothills.”
SUBJECT
DEMOGRAPHICS
SUBJECT
RADIUS (2011)
POPULATION
MEDIAN HH INCOME
AVERAGE HH INCOME
MEDIAN AGE
DRIVE TIME (2011)
POPULATION
MEDIAN HH INCOME
AVERAGE HH INCOME
MEDIAN AGE
1 Mile
2 Mile
3 Mile
17,349
68,852
143,584
$56,565
$64,569
$60,861
$72,162
$81,650
$77,460
36.9
35.8
35.1
3 Minutes
7 Minutes
11,627
116,559
$55,188
$61,686
$70,657
$78,291
36.0
35.2
SUBJECT
BRAND
TACO BELL CORP. - A SUBSIDIARY OF YUM BRANDS, INC
Taco Bell Corp., based in Irvine, California, is the nation’s leading Mexican-style QSR
chain serving tacos, burritos, signature quesadillas, Border Bowls®, nachos and other
specialty items. Today, Taco Bell serves more than 35 million consumers each week in
approximately 5,600 restaurants in the U.S.
QUICK FACTS:
FINANCIALS:
Founded in 1962
By Glen W. Bell
Headquarters: Irvine, CA
Avg Unit Sales: $1.284 Million (2011)
Revenue (US): $7.0 Billion (2011)
Operating over 5,670 units
REVENUE
S&P RATING
NYSE TICKER
$12.626 Billion
BBB
YUM
* Representative Photo
EXCLUSIVELY LISTED
REAL ESTATE ADVISORS
NNN
CCP REAL ESTATE ADVISORS
Transaction & Consulting Services
220 Newport Center Dr #18
Newport Beach, CA 92660
[ www.ccprea.com ]
IanFURAR,
Furar
IAN
CCIM
Managing
Partner
Managing
Partner
t 949-717-7711
x11 x11
(949) 717-7711
f 949-717-0011
(949) 717-0011
e [email protected]
[email protected]
01255089
l CA
CALic:
Lic:
01255089