REYNOLDS RANCHCrescent City Medford Klamath Falls Alturas Channel Islands National Park Death Valley...
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REYNOLDS RANCH 2760 & 2770 REYNOLDS RANCH PARKWAY LODI, CALIFORNIA Dick’s Sporting Goods & Boot Barn $9,500,000
Transcript of REYNOLDS RANCHCrescent City Medford Klamath Falls Alturas Channel Islands National Park Death Valley...
REYNOLDS RANCH
2760 & 2770 REYNOLDS RANCH PARKWAY
LODI, CALIFORNIA
Dick’s Sporting Goods & Boot Barn
$9,500,000
An amazing asset preservation property with a solid cash flow
from two national tenants (Dick’s Sporting Goods and Boot Barn).
Retail building constructed in 2016 with freeway frontage priced below
replacement cost at $211 per square foot. Located in a Costco/Home
Depot anchored Power Center on Highway 99/Harney Lane Interchange.
The anchor tenants of Costco and Home Depot are both major draws to
center and are considered “Amazon Proof”. These tenants help insure the
success of Dick’s Sporting Goods and Boot Barn at Reynolds Ranch.
The Opportunity Investment Summary
Price $9,500,000
Square Feet ±45,000
Price Per Square Foot $211.11
Occupancy (Two Tenants) 100.00%
Cap Rate 6.10%
NOI $579,441
Constructed 2016
REYNOLDS RANCH2760 & 2770 Reynolds Ranch Parkway | Lodi, CA
Property Highlights
> Dick’s Sporting Goods revenue increased 8.9% from $7.27 Billion in 2016 to $7.92 Billion in 2017.
> Boot Barn’s revenue increased 10.7% from $569.02 Million in 2016 to $629.81 Million in 2017.
> Dick’s Sporting Goods (NYSE:DKS) operates 610 stores throughout the United States.
> Boot Barn (NYSE:BOOT) operates 208 stores in 29 states
> Both tenants have 10 year NNN leases which commenced in September 2016.
> Sandwiched between Costco and Home Depot who anchor the Reynolds Ranch Power Center creating
a wide regional draw.
> Freeway frontage
> Orchard Lane at Reynolds Ranch by FCB Homes is a 224-home subdivision, which is located across
the street from the subject property. They have sold all of phase I and phase II and are taking
reservations on Phase III which is almost complete. Once completed, Orchard Lane will likely increase
foot traffic to the subject property.
> At full build-out, Reynolds Ranch will total approximately ±498,522 square feet of retail space,
±200,000 square feet of office and a 156 unit apartment complex.
> Located adjacent to the recently constructed ±160,000 square foot Blue Shield of California claims
and call center which has 700 employees and is one of Lodi’s largest private sector employers.
> Other notable Tenants within the Reynolds Ranch Power Center are Sprouts, PetSmart, Starbucks, Five
Guys Burgers and Fries, Subway, Verizon Wireless, Supercuts, Wingstop, Sleep Train, Pacific Dental
and Burger King.
> Provides strong regional draw due to surrounding cities of Sacramento, Stockton, Galt as well as nearby foothill communities.
> Being located in southern Lodi allows Reynolds Ranch to not only draw from Lodi but to draw many shoppers from the Stockton market as Reynolds Ranch
provides a much more desirable shopping experience.
> Reynolds Ranch has excellent Highway 99 frontage and visibility at the southwest quadrant of the E. Harney interchange.
Location Highlights
125°W
126°W
43°N
41°N
42°N
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39°N
38°N
117°W
37°N
118°W
119°W
120°W
121°W
122°W
123°W
36°N
34°N
35°N
33°N
32°N
124°W
125°W
31°N
INTERSTATE
84INTERSTATE
2103956CALIFORNIA
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FarallonIslands
Channel Islands
San NicolasIsland
CatalinaIsland
San ClementeIsland
ImperialValley
SaltonSea
MonoLake
LakeTahoe
ShastaLake
ClearLake
Mojave Desert
Mt WhitneyMt Williamson
White Mountain
Mt Shasta
Big Sur
De a t h
Va
l l ey
Di a b
l o R
a ng
eS
i er r a N
e v a da
Co
as t R
an
ge
Sa
cr a
me
nt o
Va
l l ey
Klam
ath
River
Sacramento River
San Joaquin River
Russian R iver
Sparks
RenoVirginiaCity
Truckee
Susanville
CARSON CITY
Leggett
MendocinoNevada City
Grass Valley
Bishop
MammothLakes
Sonora
South Lake Tahoe
SutterCreek
Folsom
Stockton
Davis
Berkeley
Walnut Creek
SAN JOSE
SAN FRANCISCO
PaloAlto
San Rafael
Santa Rosa
Calistoga
Sonoma
SACRAMENTO
Needles
BlytheIndio
Barstow
Oceanside
Annaheim
La Jolla
TIJUANA
SAN DIEGO
PalmSprings
Ensenada
FresnoWatsonville
Carmel-by-the-SeaMonterey
Santa Cruz
Pasadena
Mojave
Bakers�eld
Newport Beach
Santa Barbara
PasoRobles
Morro Bay
San Luis Obispo
LagunaBeach
LOS ANGELES
Santa Monica
Weed
Redding
Red Bluff
Chico
ArcataEureka
CrescentCity
Medford
Klamath Falls
Alturas
Channel IslandsNational Park
Death ValleyNational Park
SequoiaNational
Park
Kings CanyonNational
Park
LassenVolcanicNationalPark
Lava BedsNational
Monument
RedwoodNational Park
YosemiteNational
Park
SITE
CONTACT INFORMATION
GARY [email protected]. #01099383
MICKEY TURPENSenior Vice [email protected]. #01340787
CALIFORNIA
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REYNOLDS RANCH2760 & 2770 Reynolds Ranch Parkway | Lodi, CA
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