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U.S. BANK LA QUINTA, CALIFORNIA EXCLUSIVE INVESTMENT OFFERING

FEATURES: •

Brand New U.S. Bank Long-Term NNN Lease (S&P Rated: AA-) (Brand New 10 Year Lease with 3% Annual Increases)

Attractive 3% Annual Increases - Net Income Increases Over 30% During Primary Term (Provides Compounded Growth to the Income Stream Rarely Found with Credit Tenants)

Signalized Hard-Corner Outparcel to Ralphs Anchored Shopping Center (High Identity Outparcel to Primary Neighborhood Grocer)

2011 Pride of Ownership Construction (High Trade Area Identity / Trophy Asset)

100% National Credit Income Stream with Immediate Upside Potential (Unoccupied End Cap Suite Allows for Substantial Increase to Net Income)

Affluent Surrounding Demographics (Exclusive High End Residential Communities Provide Ideal Customer Base for U.S. Bank)

Pacific Commercial Investments, Inc. 19772 MacArthur Boulevard, Suite 220, Irvine, CA 92612 Phone (949) 734-0132 | Fax (949) 723-5801 chris@pacificnnn.com The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA CONFIDENTIALITY This is a confidential marketing profile (the "Profile") intended solely for your limited use and benefit in determining whether you desire to express further interest in purchasing the "Property", located in La Quinta, CA. This Profile has been prepared by Pacific Commercial Investments, Inc. ("PCI") on behalf of the owner of the Property (the "Owner") and has been reviewed by representatives of the Owner. It contains select information pertaining to the Property and does not purport to be an all-inclusive representation of the state of affairs of the Property, or to contain all the information, which prospective investors may require. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and PCI. The information contained herein was obtained from third parties, and it has not been independently verified by PCI. Prospective investors should have the experts of their choice inspect the Property and verify all information. PCI is not qualified to act as or select experts with respect to legal, tax, environmental, building construction, soils-drainage or other such matters. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Neither the Owner nor PCI, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy of completeness of this Profile or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Profile or use of its contents. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers on the subject Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Profile. The Owner shall have no legal commitment or obligation to any entity reviewing this Profile or making an offer on the Property unless and until written agreement(s) for the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner's obligations therein have been satisfied or waived. By receipt of this Profile, you agree that this Profile and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Profile or any of its contents to any other entity without prior written authorization of the Owner or PCI. You also agree that you will not use this Profile or any of its contents in any manner detrimental to the interest of the Owner or PCI. PCI reserves the right to submit the Property to additional clients on terms that may or may not be identical to the terms contained herein. By receipt of this Profile, you acknowledge that competing interests may develop in connection with offers on the Property, and waive any conflict of interest that might arise as a result thereof. In such case, PCI expressly disclaims any obligation to advance the interest of any client at the expense of any other client who may receive this Profile. Dealings with each client shall remain strictly confidential and in no case will PCI disclose the terms of any actual or potential offer to any competing client.

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA LOCATION The subject property is ideally located at the NWC of Washington Street and Calle Tampico in the City of La Quinta, California. Positioned at the signalized hard corner, the subject property is a prominent outparcel to the Ralphs anchored La Quinta Village Shopping Center. The La Quinta Village Shopping Center is the primary grocery anchored retail center serving the immediate residential population, with the next closest full-service grocery anchored center approximately 2.3 miles to the northeast. This outstanding positioning within the most conveniently accessible grocery anchored center provides the subject property with excellent retail synergy as well as invaluable consumer exposure to the surrounding affluent residential population. Directly across Calle Tampico, sharing the intersection with the subject property, is the City of La Quinta Civic Center and City Hall. Approximately a half mile south of the subject property is the Tradition Golf Club community (www.traditiongolfclub.com). This private golf community features an Arnold Palmer designed 18-hole championship course and a 9-hole par 3 course and is surrounded by numerous custom homes. Residents within the community are required to pay a $200,000 family golf membership in order to use the course and facilities, evidence of the affluent demographic immediately surrounding the subject property. Average home values within the Tradition community are approximately $2 Million with many exceeding $5 Million. Less than a mile southeast of the subject property is the City of La Quinta owned Silverrock Ranch Golf Resort and Country Club (www.mysilverrock.com). Spanning 525 acres, Silverrock Ranch is a landmark project which the City is developing as the cornerstone of the La Quinta Community. Currently, Silverrock Ranch is comprised of the Arnold Palmer Classic Golf Course and Club House, but once finished the resort will include a second golf course and clubhouse, an intimate condominium hotel, casitas, a resort hotel along with various shopping, entertainment and dining experiences. Just under a mile northwest of the subject property is the La Quinta Country Club (www.lqcc.org), a private golf course and residential community with over 500 homes. Members are required to pay up to $40,000 annually to golf and use the community facilities. Adjacent to the La Quinta Country Club community is Rancho La Quinta, a 700-acre master planned golf community with over 900 residences (www.rancholaquinta.com). Other notable private golf communities within close proximity to the subject property include: The Citrus Club (www.thecitrusclub.com), Mountain View County Club (www.mountainviewatlaquinta.com), The Madison Club (www.madisonclubca.com), Hideaway (www.hideawaygolfclub.com) and Griffin Ranch (www.griffinranchlaquinta.com). Approximately 2.8 Miles from the subject property is PGA WEST (www.pgawest.com), a resort development encompassing over 2,200 acres featuring some of the most famous golf courses in the world: Arnold Palmer Private Course, Jack Nicklaus Private Course, Tom Weiskopf Private Course, Nicklaus Tournament Course, TPC Stadium Course and the Greg Norman Course. For over four decades, the Bob Hope Classic Golf Tournament has been hosted at the private courses of PGA West, bringing numerous PGA Professionals, A-list celebrities and thousands of spectators to La Quinta.

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA INVESTMENT This freestanding investment property provides an investor the unique opportunity to own a newlyconstructed trophy outparcel to a Ralphs anchored retail center featuring a brand new long-term lease with U.S. Bank. This new 10 year lease with U.S. Bank features 3% annual rental increases, a benefit rarely found in retail investment properties with national credit tenants. Furthermore, with fixed scheduled annual increases rather than the standard increase every five or ten years typically seen with national credit tenants, an investor has the advantage of compounding increases, providing an ever growing cash flow unmatched by the majority of NNN retail opportunities. In the primary term alone, the net income is scheduled to grow 30%, far outpacing any comparable NNN retail investment. A new owner can be confident in this investment knowing that 100% of the income stream is derived from a top-tier national credit tenant with an S&P Rating of AA-, ensuring long-term security and stability to their cash flow. Positioned at the signalized hard-corner of Calle Tampico and Washington Street, the subject property’s location within La Quinta Village, a Ralphs anchored shopping center, provides the subject property with the fundamental attributes desired by top tier tenants. Moreover, La Quinta Village serves as the primary grocery anchored center for the immediate trade area, which consists of numerous high-end private residential golf communities. The majority of these communities are custom built homes with country clubs that require significant annual membership fees, an indication of the financial strength of the surrounding demographic. These affluent communities provide U.S. Bank with the ideal target customer base to maintain large deposit accounts and purchase the types of profitable banking products and services tailored for wealthy clientele. What separates the subject property from comparable NNN retail investments is the upside potential unrealized on the unoccupied end cap suite. The end cap suite is generally considered the most attractive space for tenants and as such appeals to many different retail uses. At the close of escrow, the new owner will receive the attributable property expenses (CAMs, Taxes and Insurance) for the unoccupied end cap suite for five (5) years, thus any new income realized from the end cap suite will accrue solely to the new owner. Furthermore, the five years of attributable property expenses will ensure that this investment remains absolute NNN to the new owner, providing flexibility to obtain the most credit-worthy tenant at the highest rent attainable at the sole discretion and most advantageous scenario for the new owner.

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA TENANT SUMMARY

Headquarted in Minneapolis, Minnesota, U.S. Bancorp (NYSE: USB) is a diversified financial services holding company and the parent company of U.S. Bank National Association. The Company operates 3,031 locations and 5,130 ATM’s in 24 states with over 60,000 employees and provides banking, brokerage, insurance, investment, mortgage, trust and payment service products to customers, businesses and institutions. Known for its prudent risk management, quality products and services, and focus on the future, U.S. Bancorp has been recognized as one of the safest, most respected and most trusted banks in the country. Their strong balance sheet and earnings allowed them to make opportune FDIC assisted acquisitions, having acquired over $18 Billion in assets and branch locations in key growth markets of California, Arizona and Nevada including the acquisitions of Downey Savings & Loan in California and Arizona and PFF Bank & Trust in Southern California.

Company Highlights

2010

2009

2008

Total Assets

$307 Billion

$281 Billion

$265 Billion

Total Deposits

$204 Billion

$183 Billion

$159 Billion

Total Revenue

$18.1 Billion

$16.6 Billion

$14.6 Billion

Net Income

$3.31 Billion

$2.20 Billion

$3.01 Billion

Share Holder’s Equity

$29.5 Billion

$25.9 Billion

$26.3 Billion

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA TRADE AREA DEMOGRAPHICS The City of La Quinta is an affluent resort city located within the Coachella Valley between the Cities of Indio and Indian Wells. Incorporated in 1982, La Quinta is a nationally recognized golf destination with twenty-five golf courses including the world-famous PGA West. Every year thousands of people travel to La Quinta specifically to golf at one of the many courses as well as attend some of the most prestigious professional golf tournaments. As of January 1, 2010, the City’s permanent population was 44,421 people, having grown 88% since 2000. It is estimated that the permanent population will exceed 51,000 people by the year 2015, a nearly 15% increase over the current population. In addition, the City experiences a seasonal population of “snowbirds” consisting of residents who migrate to La Quinta during the winter months from November to April. According to the City, this seasonal population of “snowbirds” exceeded 17,000 people in 2009, increasing 53% since 2000. In 2009, within a one mile radius of the subject property there were over 2,500 households and an average household income exceeding $120,000.

3-MILE RADIUS PROFILE 2009 Average HH Income:

5-MILE RADIUS PROFILE $112,227

2009 Average HH Income:

$93,758 112,450

2009 Total Population:

33,202

2009 Total Population:

2009 Total Daytime Population:

38,053

2009 Total Daytime Population:

99,817

2009 Total Households:

11,895

2009 Total Households:

39,720

*Demographic information obtained from multiple sources. Please contact PCI to obtain detailed information.

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA INVESTMENT INFORMATION PROPERTY INFORMATION: Address:

50991 Washington Street, La Quinta, California 92253

Tenant: Land: Improvements: APN:

U.S. Bank N.A. (Approx.)

22,651 Square Feet

(Approx.)

5,479 Square Feet 770-020-021

FINANCIAL INFORMATION: Price: Terms:

$3,690,000 All Cash or Cash to New Loan

ANNUAL OPERATING INFORMATION: Current Scheduled Gross Income: Plus Expense Recapture: Gross Operating Income: Less Operating Expenses: Net Operating Income:

$190,080 NNN $190,080 NNN $190,080

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA RENT ROLL TENANT

SQ. FT.

U.S. Bank N.A.

4,400

End Cap Suite*

1,079

TOTALS

5,479

LEASE START

LEASE END

April 2011 March 2021 -

-

MONTHLY RENT

ANNUAL RENT

$15,840

$190,080

3% Annual

-

-

-

$15,840

$190,080

RENTAL INCREASES

RENEWAL OPTIONS 4 (5 Year) -

*Seller is not capitalizing potential rent for the end cap suite. Seller will credit buyer an amount equal to five (5) years of the attributable property expenses (CAMs, Taxes & Insurance) for the end cap suite at close of escrow. All potential rental income realized from the end cap suite will accrue to the benefit of the buyer.

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA AERIAL PHOTO – INTERSECTION VIEW

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA AERIAL PHOTO – TRADE AREA VIEW

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA AERIAL SITE PLAN

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA EXTERIOR ELEVATIONS

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA SITE PLAN

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA PARCEL MAP

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


U.S. BANK LA QUINTA, CALIFORNIA LOCATION MAPS

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.

BR-US Bank-La Quinta  

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