4391 TREAT BOULEVARD Concord, California 94521...OFFERING MEMORANDUM // 4391 Treat Boulevard //...

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OFFERING MEMORANDUM COLLIERS INTERNATIONAL 203 Redwood Shores Parkway Suite 125 Redwood City, CA 94065 www.colliers.com MARK ENGEMANN Senior Vice President [email protected] +1 916 563 3007 CA License No. 00865424 MICHAEL DRAEGER Vice President [email protected] +1 650 486 2221 CA License No. 01766822 Single Tenant Net Leased Restaurant The Original Mels Diner 4391 TREAT BOULEVARD Concord, California 94521

Transcript of 4391 TREAT BOULEVARD Concord, California 94521...OFFERING MEMORANDUM // 4391 Treat Boulevard //...

Page 1: 4391 TREAT BOULEVARD Concord, California 94521...OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA Concord is the largest city in Contra Costa County, California. At the

OFFERING MEMORANDUM

COLLIERS INTERNATIONAL203 Redwood Shores ParkwaySuite 125Redwood City, CA 94065www.colliers.com

MARK ENGEMANN Senior Vice President [email protected] +1 916 563 3007 CA License No. 00865424

MICHAEL DRAEGER Vice President [email protected] +1 650 486 2221 CA License No. 01766822

Single Tenant Net Leased Restaurant

The Original Mels Diner

4391 TREAT BOULEVARDC o n co rd , C a l i fo r n i a 9 4 5 2 1

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OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA

DISCLAIMER

CONTACT

Colliers International Disclaimer:

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees or representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquires as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved.

For further information, please contact Exclusive Advisors:

MARK ENGEMANN Senior Vice President [email protected] +1 916 563 3007 CA License No. 00865424

MICHAEL DRAEGER Vice President [email protected] +1 650 486 2221 CA License No. 01766822

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TABLE OF CONTENTS

1. Property Overview 4

2. Highlights 5

3. Trade Area Aerial 6

4. Local Trade Aerial 7

5. Parcel Map 8

6. Site Plan 9

7. Floor Plan 10

8. Rent Roll 11

9. Tenant Overview 12

10. Location Overview 13

11. Demographics 14

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PROPERTY OVERVIEWLOCATION: The Original Mels Diner

4391 Treat BoulevardConcord, CA 94521

OFFERING SUMMARY:

RENT SCHEDULE:

Address 4391 Treat Boulevard, Concord, CA 94521

Price $3,120,000

Cap Rate 5.00%

NOI $156,000.00

Gross Leasable Area ±5,329 SF

Land Area ±0.741 acre (±32,278 SF)

Lease Type NNN

Lease Term 10 years, 26 days

Lease Commencement Date December 5, 2019

Lease Expiration Date December 31, 2029

Options Three (3) five (5)-year options

Year Start End Monthly Base Rent PSF

Monthly Base Rent

Annual Base Rent

1 – 5 12/5/2019 12/31/2024 $2.44 $13,000.00 $156,000.00

6 - 10 1/1/2025 12/31/2029 $2.63 $14,000.00 $168,000.00

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OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA

> Rare San Francisco Bay Area single tenant net leased restaurant

> New 10-year NNN lease, three (3) five (5)-year options

> Corporate store – operated by the owner and franchisor of The Original Mels brand

> 7.7% rent increase in year 6

> Minimal landlord maintenance responsibilities

> In-place rent is estimated to be 15% below market

> Signalized hard corner site

> Excellent exposure, identity and access from Treat Boulevard and proximity to Clayton Road

> Located in the heart of the Clayton retail corridor

HIGHLIGHTS

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TRADE AREA AERIAL

The Orchards At Walnut Creek

Broadway Plaza Shopping Area

Downtown Pleasant Hill & Courtyard Shopping Center

Crossroads Shopping Center

Pleasant Hill Shopping Center

Sunvalley Shopping Center

4391TREAT

BOULEVARD

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OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA

LOCAL TRADE AERIAL

4391TREAT

BOULEVARD

1

23

Treat Boulevard @ Bel Air Drive: ±22,096 AADT

Clayton Road @ Treat Boulevard: ±34,992 AADT

Denkinger Road @ Clayton Road: ±12,815 AADT

TRAFFIC VOLUME (Source: Kalibrate)

1

2

3

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OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA

PARCEL MAP

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OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA

SITE PLAN

Drawings Not Exact, Not to Scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2020 Colliers International

Treat BoulevardTreat Boulevard

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FLOOR PLAN

2/25/2016 1:17:11 PM

Drawings Not Exact, Not to Scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2020 Colliers International

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RENT ROLLYear Start End Monthly Base

Rent PSFAnnual Base

Rent PSFMonthly

Base RentAnnual

Base Rent Increase

1 1/1/2020 12/31/2020 $2.44 $29.27 $13,000.00 $156,000.00 -

2 1/1/2021 12/31/2021 $2.44 $29.27 $13,000.00 $156,000.00 -

3 1/1/2022 12/31/2022 $2.44 $29.27 $13,000.00 $156,000.00 -

4 1/1/2023 12/31/2023 $2.44 $29.27 $13,000.00 $156,000.00 -

5 1/1/2024 12/31/2024 $2.44 $29.27 $13,000.00 $156,000.00 -

6 1/1/2025 12/31/2025 $2.63 $31.53 $14,000.00 $168,000.00 7.69%

7 1/1/2026 12/31/2026 $2.63 $31.53 $14,000.00 $168,000.00 -

8 1/1/2027 12/31/2027 $2.63 $31.53 $14,000.00 $168,000.00 -

9 1/1/2028 12/31/2028 $2.63 $31.53 $14,000.00 $168,000.00 -

10 1/1/2029 12/31/2029 $2.63 $31.53 $14,000.00 $168,000.00 -

11 1/1/2030 12/31/2030 $2.81 $33.78 $15,000.00 $180,000.00 7.14%

12 1/1/2031 12/31/2031 $2.81 $33.78 $15,000.00 $180,000.00 -

13 1/1/2032 12/31/2032 $2.81 $33.78 $15,000.00 $180,000.00 -

14 1/1/2033 12/31/2033 $2.81 $33.78 $15,000.00 $180,000.00 -

15 1/1/2034 12/31/2034 $2.81 $33.78 $15,000.00 $180,000.00 -

16 1/1/2035 12/31/2035 $3.00 $36.03 $16,000.00 $192,000.00 6.67%

17 1/1/2036 12/31/2036 $3.00 $36.03 $16,000.00 $192,000.00 -

18 1/1/2037 12/31/2037 $3.00 $36.03 $16,000.00 $192,000.00 -

19 1/1/2038 12/31/2038 $3.00 $36.03 $16,000.00 $192,000.00 -

20 1/1/2039 12/31/2039 $3.00 $36.03 $16,000.00 $192,000.00 -

21 1/1/2040 12/31/2040 $3.19 $38.28 $17,000.00 $204,000.00 6.25%

22 1/1/2041 12/31/2041 $3.19 $38.28 $17,000.00 $204,000.00 -

23 1/1/2042 12/31/2042 $3.19 $38.28 $17,000.00 $204,000.00 -

24 1/1/2043 12/31/2043 $3.19 $38.28 $17,000.00 $204,000.00 -

25 1/1/2044 12/31/2044 $3.19 $38.28 $17,000.00 $204,000.00 -

Initi

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Optio

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Optio

n 2

Optio

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TENANT OVERVIEWThe Mels Brand

1947–1975As a pioneer in the restaurant industry, Mels began its history as Mels Drive-Ins in San Francisco back in 1947. David “Mel” Weiss and Harold Dobbs built their first car hop eatery, inspired by similar restaurants serving motorists in Los Angeles. It didn’t take long for the first unit to multiply into eleven! Six Mels became landmarks in the Bay Area with additional clusters achieving their own notoriety in Stockton and Sacramento. They reigned for almost twenty years growing to over 35 restaurants. Mels Drive-Ins peaked in popularity in the 1960’s and ended up selling in 1972.

1985–1987Steven Weiss, David “Mel” Weiss’ son, had an itch to bring back the Mels “good times.” Succumbing to his son’s urging, a grand re-opening of Mels Drive-In took place in 1985. Soon afterwards, there were opportunities to grow and Mels Drive-Ins added 3 more restaurants. An unfortunate rift developed between father and son. Soon thereafter, an agreement was made that David “Mel” Weiss would continue on as “The Original Mels”, while his son, Steven, would create Mels “Next Generation” and operated as Mels Drive-Ins.

1987 to PresentThe Original Mels has now grown to 22 restaurants, serving All-American Family favorites throughout Northern California and Northern Nevada. The Original Mels is committed to honoring our 70 year history by continuing to serve great food at great value, treating every customer like family, respecting and supporting its employees to reach their own life goals.

Source: originalmels.comTenant/GuarantorThe tenant, Original Mels Development Co., LLC, is an entity owned by the owner and franchisor of The Original Mels brand and holds 5 corporate stores including locations in Concord, Livermore, Fairfield, Sacramento and Rocklin.

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Concord is the largest city in Contra Costa County, California. At the 2010 census, the city had a population of 122,067 making it the 8th largest city in the San Francisco Bay Area. Founded in 1869 as the community of Todos Santos by Salvio Pacheco, the name was changed to Concord within months. The city is a major regional suburban East Bay center within the San Francisco Bay Area.

Concord is 29 miles northeast of San Francisco, 22 miles northeast from Oakland, 65 miles southwest of Sacramento, and 51 miles north of San Jose.

The focal point of downtown Concord is Todos Santos Plaza, which encompasses an entire city block and is known for its farmers market, free summer concerts, and large number of surrounding restaurants. Much of the area immediately around downtown has recently been redeveloped, with new high-density apartment and condominium projects to take advantage of the proximity to public transportation and to the area surrounding the park.

Source: wikipedia.org

LOCATION OVERVIEW

Todos Santos Plaza // Source: visitconcordca.com

Salvio Square Fountain // visitconcordca.com

North Concord BART Station

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DEMOGRAPHICS

Gadberry Group LLCUpdated Summary Report

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 1 of 2

1 MILE RING

3.14 SQ/MI

3 MILE RING

28.27 SQ/MI

5 MILE RING

78.53 SQ/MI

10 MILE RING

314.11 SQ/MI

PPooppuullaattiioonn TTrreenndd2000 Total Population 21,029 112,565 212,978 462,2152010 Total Population 19,976 113,394 218,238 470,1942019 Total Population 21,190 120,199 239,845 516,0952024 Total Population 21,937 124,415 252,260 541,883

HHoouusseehhoollddss TTrreenndd2000 Total Households 7,547 40,727 81,424 174,8542010 Total Households 7,665 41,222 82,967 177,4302019 Total Households 7,746 41,755 86,498 185,3132024 Total Households 7,813 42,129 88,521 189,580

PPooppuullaattiioonn CChhaannggee TTrreenndd2000 to 2010 Population Change -5.0% .7% 2.5% 1.7%2000 to 2019 Population Change .8% 6.8% 12.6% 11.7%2010 to 2024 Population Change 9.8% 9.7% 15.6% 15.2%2019 to 2024 Population Change 3.5% 3.5% 5.2% 5.0%

HHoouusseehhoolldd CChhaannggee TTrreenndd2000 to 2010 Household Change 1.6% 1.2% 1.9% 1.5%2000 to 2019 Household Change 2.6% 2.5% 6.2% 6.0%2010 to 2024 Household Change 1.9% 2.2% 6.7% 6.8%2019 to 2024 Household Change .9% .9% 2.3% 2.3%

22001199 RRaacceeWhite alone 66.1% 61.9% 62.2% 61.8%Black or African American alone 4.3% 3.8% 3.9% 6.0%American Indian and Alaska Native alone .5% .6% .6% .6%Asian alone 14.8% 13.6% 16.1% 13.5%Native Hawaiian and OPI alone .2% .6% .5% .6%Some Other Race alone 8.3% 14.0% 11.3% 12.3%Two or More Races 5.8% 5.5% 5.4% 5.2%

22001199 IInnccoommeePer Capita Income $44,129 $38,543 $44,496 $45,859Household Income: Median $95,068 $82,104 $89,941 $89,535Household Income: Average $120,907 $109,935 $122,279 $126,520

Less than $10,000 2.2% 3.2% 3.5% 3.7%$10,000 to $14,999 3.3% 3.6% 3.0% 2.9%$15,000 to $19,999 1.8% 2.7% 2.5% 2.6%$20,000 to $24,999 3.2% 2.8% 2.8% 3.1%$25,000 to $29,999 3.7% 3.4% 2.7% 3.2%$30,000 to $34,999 3.0% 4.3% 3.3% 3.0%$35,000 to $39,999 2.4% 3.6% 3.1% 3.0%$40,000 to $44,999 2.7% 3.6% 3.1% 3.0%$45,000 to $49,999 4.3% 2.7% 3.0% 3.2%$50,000 to $59,999 5.3% 6.5% 5.4% 6.2%$60,000 to $74,999 8.4% 9.3% 9.1% 8.6%

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OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA

DEMOGRAPHICS

Gadberry Group LLCUpdated Summary Report

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 2 of 2

1 MILE RING

3.14 SQ/MI

3 MILE RING

28.27 SQ/MI

5 MILE RING

78.53 SQ/MI

10 MILE RING

314.11 SQ/MI

$75,000 to $99,999 12.1% 15.0% 14.0% 13.1%$100,000 to $124,999 13.4% 11.0% 10.6% 10.0%$125,000 to $149,999 10.1% 8.3% 8.0% 7.4%$150,000 to $199,999 11.0% 8.5% 11.1% 10.2%$200,000 or more 13.1% 11.5% 14.6% 16.9%

Average household size 2.7 2.9 2.7 2.8

Total Daytime Population 15,621 105,355 238,515 518,639Total Employee Population 4,067 40,747 110,674 230,238Total Daytime at Home Population 11,554 64,608 127,841 288,401Total Employee Population (% of Daytime Population) 26.0% 38.7% 46.4% 44.4%Total Daytime at Home Population (% of Daytime Population) 74.0% 61.3% 53.6% 55.6%

Gadberry Group LLCUpdated Summary Report

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 1 of 2

1 MILE RING

3.14 SQ/MI

3 MILE RING

28.27 SQ/MI

5 MILE RING

78.53 SQ/MI

10 MILE RING

314.11 SQ/MI

PPooppuullaattiioonn TTrreenndd2000 Total Population 21,029 112,565 212,978 462,2152010 Total Population 19,976 113,394 218,238 470,1942019 Total Population 21,190 120,199 239,845 516,0952024 Total Population 21,937 124,415 252,260 541,883

HHoouusseehhoollddss TTrreenndd2000 Total Households 7,547 40,727 81,424 174,8542010 Total Households 7,665 41,222 82,967 177,4302019 Total Households 7,746 41,755 86,498 185,3132024 Total Households 7,813 42,129 88,521 189,580

PPooppuullaattiioonn CChhaannggee TTrreenndd2000 to 2010 Population Change -5.0% .7% 2.5% 1.7%2000 to 2019 Population Change .8% 6.8% 12.6% 11.7%2010 to 2024 Population Change 9.8% 9.7% 15.6% 15.2%2019 to 2024 Population Change 3.5% 3.5% 5.2% 5.0%

HHoouusseehhoolldd CChhaannggee TTrreenndd2000 to 2010 Household Change 1.6% 1.2% 1.9% 1.5%2000 to 2019 Household Change 2.6% 2.5% 6.2% 6.0%2010 to 2024 Household Change 1.9% 2.2% 6.7% 6.8%2019 to 2024 Household Change .9% .9% 2.3% 2.3%

22001199 RRaacceeWhite alone 66.1% 61.9% 62.2% 61.8%Black or African American alone 4.3% 3.8% 3.9% 6.0%American Indian and Alaska Native alone .5% .6% .6% .6%Asian alone 14.8% 13.6% 16.1% 13.5%Native Hawaiian and OPI alone .2% .6% .5% .6%Some Other Race alone 8.3% 14.0% 11.3% 12.3%Two or More Races 5.8% 5.5% 5.4% 5.2%

22001199 IInnccoommeePer Capita Income $44,129 $38,543 $44,496 $45,859Household Income: Median $95,068 $82,104 $89,941 $89,535Household Income: Average $120,907 $109,935 $122,279 $126,520

Less than $10,000 2.2% 3.2% 3.5% 3.7%$10,000 to $14,999 3.3% 3.6% 3.0% 2.9%$15,000 to $19,999 1.8% 2.7% 2.5% 2.6%$20,000 to $24,999 3.2% 2.8% 2.8% 3.1%$25,000 to $29,999 3.7% 3.4% 2.7% 3.2%$30,000 to $34,999 3.0% 4.3% 3.3% 3.0%$35,000 to $39,999 2.4% 3.6% 3.1% 3.0%$40,000 to $44,999 2.7% 3.6% 3.1% 3.0%$45,000 to $49,999 4.3% 2.7% 3.0% 3.2%$50,000 to $59,999 5.3% 6.5% 5.4% 6.2%$60,000 to $74,999 8.4% 9.3% 9.1% 8.6%

Gadberry Group LLCUpdated Summary Report

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 1 of 2

1 MILE RING

3.14 SQ/MI

3 MILE RING

28.27 SQ/MI

5 MILE RING

78.53 SQ/MI

10 MILE RING

314.11 SQ/MI

PPooppuullaattiioonn TTrreenndd2000 Total Population 21,029 112,565 212,978 462,2152010 Total Population 19,976 113,394 218,238 470,1942019 Total Population 21,190 120,199 239,845 516,0952024 Total Population 21,937 124,415 252,260 541,883

HHoouusseehhoollddss TTrreenndd2000 Total Households 7,547 40,727 81,424 174,8542010 Total Households 7,665 41,222 82,967 177,4302019 Total Households 7,746 41,755 86,498 185,3132024 Total Households 7,813 42,129 88,521 189,580

PPooppuullaattiioonn CChhaannggee TTrreenndd2000 to 2010 Population Change -5.0% .7% 2.5% 1.7%2000 to 2019 Population Change .8% 6.8% 12.6% 11.7%2010 to 2024 Population Change 9.8% 9.7% 15.6% 15.2%2019 to 2024 Population Change 3.5% 3.5% 5.2% 5.0%

HHoouusseehhoolldd CChhaannggee TTrreenndd2000 to 2010 Household Change 1.6% 1.2% 1.9% 1.5%2000 to 2019 Household Change 2.6% 2.5% 6.2% 6.0%2010 to 2024 Household Change 1.9% 2.2% 6.7% 6.8%2019 to 2024 Household Change .9% .9% 2.3% 2.3%

22001199 RRaacceeWhite alone 66.1% 61.9% 62.2% 61.8%Black or African American alone 4.3% 3.8% 3.9% 6.0%American Indian and Alaska Native alone .5% .6% .6% .6%Asian alone 14.8% 13.6% 16.1% 13.5%Native Hawaiian and OPI alone .2% .6% .5% .6%Some Other Race alone 8.3% 14.0% 11.3% 12.3%Two or More Races 5.8% 5.5% 5.4% 5.2%

22001199 IInnccoommeePer Capita Income $44,129 $38,543 $44,496 $45,859Household Income: Median $95,068 $82,104 $89,941 $89,535Household Income: Average $120,907 $109,935 $122,279 $126,520

Less than $10,000 2.2% 3.2% 3.5% 3.7%$10,000 to $14,999 3.3% 3.6% 3.0% 2.9%$15,000 to $19,999 1.8% 2.7% 2.5% 2.6%$20,000 to $24,999 3.2% 2.8% 2.8% 3.1%$25,000 to $29,999 3.7% 3.4% 2.7% 3.2%$30,000 to $34,999 3.0% 4.3% 3.3% 3.0%$35,000 to $39,999 2.4% 3.6% 3.1% 3.0%$40,000 to $44,999 2.7% 3.6% 3.1% 3.0%$45,000 to $49,999 4.3% 2.7% 3.0% 3.2%$50,000 to $59,999 5.3% 6.5% 5.4% 6.2%$60,000 to $74,999 8.4% 9.3% 9.1% 8.6%

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DEMOGRAPHICS

Gadberry Group LLCDemographic Overview

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 1 of 6

1 MILE RING

3.14 SQ/MI

3 MILE RING

28.27 SQ/MI

5 MILE RING

78.53 SQ/MI

PPOOPPUULLAATTIIOONN OOVVEERRVVIIEEWWPPooppuullaattiioonn TTrreenndd

2000 Total Population 21,029 112,565 212,9782010 Total Population 19,976 113,394 218,2382019 Total Population 21,190 120,199 239,8452024 Total Population 21,937 124,415 252,260Population Change 2000 to 2010 -5.0% .7% 2.5%Population Change 2000 to 2019 .8% 6.8% 12.6%Population Change 2010 to 2024 9.8% 9.7% 15.6%Population Change 2019 to 2024 3.5% 3.5% 5.2%

22001199 RRaaccee aanndd EEtthhnniicciittyyWhite alone 66.1% 61.9% 62.2%Black or African American alone 4.3% 3.8% 3.9%Asian alone 14.8% 13.6% 16.1%Other Race 14.8% 20.7% 17.8%

HHiissppaanniicc oorr LLaattiinnooHispanic 19.5% 29.7% 24.6%Not Hispanic 80.5% 70.3% 75.4%

22001199 AAggeeMedian Age 41.2 39.6 39.6

19 and Under 23.2% 23.1% 22.4%20 to 29 11.4% 12.9% 13.7%30 to 39 13.9% 14.5% 14.5%40 to 49 13.2% 13.1% 13.3%50 to 64 20.3% 20.0% 20.1%65 and Over 18.0% 16.4% 16.0%

22001199 OOccccuuppaattiioonnCivilian employed population 16 years and ove 10,441 59,428 121,470

White collar 69.8% 63.4% 68.3%Blue collar 30.3% 36.6% 31.7%

22001199 EEdduuccaattiioonnaall AAttttaaiinnmmeennttPopulation 25 years and over 15,270 85,824 171,848

No High School Diploma 7.0% 11.7% 9.3%High school graduate, GED, or alternative 16.6% 19.2% 16.8%College No Degree 26.6% 23.9% 22.9%College or Advanced Degree 49.8% 45.3% 51.1%

22001199 MMaarriittaall SSttaattuussPopulation 15 years and over 17,596 99,193 199,263

Married 56.6% 53.1% 53.3%Not Married 43.4% 46.9% 46.7%

Gadberry Group LLCDemographic Overview

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 4 of 6

PPOOPPUULLAATTIIOONN OOVVEERRVVIIEEWWPPooppuullaattiioonn TTrreenndd

2000 Total Population2010 Total Population2019 Total Population2024 Total PopulationPopulation Change 2000 to 2010Population Change 2000 to 2019Population Change 2010 to 2024Population Change 2019 to 2024

22001199 RRaaccee aanndd EEtthhnniicciittyyWhite aloneBlack or African American aloneAsian aloneOther Race

HHiissppaanniicc oorr LLaattiinnooHispanicNot Hispanic

22001199 AAggeeMedian Age

19 and Under20 to 2930 to 3940 to 4950 to 6465 and Over

22001199 OOccccuuppaattiioonnCivilian employed population 16 years and ove

White collarBlue collar

22001199 EEdduuccaattiioonnaall AAttttaaiinnmmeennttPopulation 25 years and over

No High School DiplomaHigh school graduate, GED, or alternativeCollege No DegreeCollege or Advanced Degree

22001199 MMaarriittaall SSttaattuussPopulation 15 years and over

MarriedNot Married

10 MILE RING

314.11 SQ/MI

462,215470,194516,095541,883

1.7%11.7%15.2%5.0%

61.8%6.0%

13.5%18.7%

24.9%75.1%

40.7

23.2%12.8%13.2%13.0%20.5%17.4%

249,19667.6%32.4%

366,3859.6%

17.5%22.4%50.4%

426,42653.2%46.8%

Page 17: 4391 TREAT BOULEVARD Concord, California 94521...OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA Concord is the largest city in Contra Costa County, California. At the

17

OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA

DEMOGRAPHICS

Gadberry Group LLCDemographic Overview

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 2 of 6

1 MILE RING

3.14 SQ/MI

3 MILE RING

28.27 SQ/MI

5 MILE RING

78.53 SQ/MI

HHOOUUSSEEHHOOLLDD OOVVEERRVVIIEEWWHHoouusseehhoolldd TTrreenndd

2000 Households 7,547 40,727 81,4242010 Households 7,665 41,222 82,9672019 Households 7,746 41,755 86,4982024 Households 7,813 42,129 88,521Household Change 2000 to 2010 1.6% 1.2% 1.9%Household Change 2000 to 2019 2.6% 2.5% 6.2%Household Change 2010 to 2024 1.9% 2.2% 6.7%Household Change 2019 to 2024 .9% .9% 2.3%

22001199 HHoouusseehhoolldd SSiizzeeAverage Household Size 2.7 2.9 2.7

HHoouusseehhoolldd IInnccoommee TTrreenndd2000 Median Income $65,134 $58,547 $61,6002010 Median Income $81,572 $69,546 $74,4212019 Median Income $95,068 $82,104 $89,9412024 Median Income $112,327 $95,431 $107,348Median Income Change 2000 to 2010 25.2% 18.8% 20.8%Median Income Change 2000 to 2019 46.0% 40.2% 46.0%Median Income Change 2010 to 2024 37.7% 37.2% 44.2%Median Income Change 2019 to 2024 18.2% 16.2% 19.4%

22001199 HHoouusseehhoolldd IInnccoommeeup to $24,999 10.4% 12.3% 11.9%$25,000 to $49,999 16.1% 17.6% 15.2%$50,000 to $74,999 13.7% 15.8% 14.5%$75,000 to $124,999 25.5% 26.0% 24.6%$125,000 to $199,999 21.1% 16.8% 19.1%$200,000 or more 13.1% 11.5% 14.6%

HHOOUUSSIINNGG UUNNIITTSS OOVVEERRVVIIEEWW22001199 HHoommee VVaalluuee

Median Home Value $525,434.87 $496,481.73 $522,109.73Average Home Value $542,728.86 $532,934.34 $571,633.21

22001199 OOccccuuppaannccyyHouseholds 7,746 41,755 86,498

Owner Occupied 68.8% 61.9% 62.5%Renter Occupied 31.2% 38.1% 37.5%

Gadberry Group LLCDemographic Overview

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 3 of 6

1 MILE RING

3.14 SQ/MI

3 MILE RING

28.27 SQ/MI

5 MILE RING

78.53 SQ/MI

OOccccuuppaannccyy bbyy NNuummbbeerr ooff UUnniittss1 Unit, Detached 71.9% 63.4% 59.6%1 Unit, Attached 4.9% 5.4% 8.3%2 to 9 7.3% 10.6% 11.5%10 to 49 8.8% 11.0% 9.7%50 or more Units 6.8% 7.4% 8.1%Mobile Home .3% 2.0% 2.7%Boat, RV, Van, etc. .0% .2% .2%

Gadberry Group LLCDemographic Overview

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 5 of 6

HHOOUUSSEEHHOOLLDD OOVVEERRVVIIEEWWHHoouusseehhoolldd TTrreenndd

2000 Households2010 Households2019 Households2024 HouseholdsHousehold Change 2000 to 2010Household Change 2000 to 2019Household Change 2010 to 2024Household Change 2019 to 2024

22001199 HHoouusseehhoolldd SSiizzeeAverage Household Size

HHoouusseehhoolldd IInnccoommee TTrreenndd2000 Median Income2010 Median Income2019 Median Income2024 Median IncomeMedian Income Change 2000 to 2010Median Income Change 2000 to 2019Median Income Change 2010 to 2024Median Income Change 2019 to 2024

22001199 HHoouusseehhoolldd IInnccoommeeup to $24,999$25,000 to $49,999$50,000 to $74,999$75,000 to $124,999$125,000 to $199,999$200,000 or more

HHOOUUSSIINNGG UUNNIITTSS OOVVEERRVVIIEEWW22001199 HHoommee VVaalluuee

Median Home ValueAverage Home Value

22001199 OOccccuuppaannccyyHouseholds

Owner OccupiedRenter Occupied

10 MILE RING

314.11 SQ/MI

174,854177,430185,313189,580

1.5%6.0%6.8%2.3%

2.8

$63,192$74,626$89,535

$106,59518.1%41.7%42.8%19.1%

12.3%15.4%14.8%23.1%17.6%16.9%

$540,303.28$681,140.94

185,31364.8%35.2%

Gadberry Group LLCDemographic Overview

For:

Longitude: -121.994644Latitude: 37.962023

© 2019 Gadberry Group LLC. All Rights Reserved. Page 6 of 6

OOccccuuppaannccyy bbyy NNuummbbeerr ooff UUnniittss1 Unit, Detached1 Unit, Attached2 to 910 to 4950 or more UnitsMobile HomeBoat, RV, Van, etc.

10 MILE RING

314.11 SQ/MI

61.6%8.1%

12.1%8.6%7.2%2.2%.1%

Page 18: 4391 TREAT BOULEVARD Concord, California 94521...OFFERING MEMORANDUM // 4391 Treat Boulevard // Concord // CA Concord is the largest city in Contra Costa County, California. At the

The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2020 Colliers International.

MARK ENGEMANN Senior Vice President [email protected] +1 916 563 3007 CA License No. 00865424

MICHAEL DRAEGER Vice President [email protected] +1 650 486 2221 CA License No. 01766822