Long-term Net Lease I Corporate Guarantee I Scheduled Rental Increases
The lease is signed by CSL Plasma Inc., a subsidiary of CSL Behring, with $9.29 Billion in revenue for 2023
10% rental increases every 5 years throughout the initial term and rental increases to fair market value at the beginning of each option period, growing NOI and hedging against inflation
CSL Plasma operates one of the world’s largest and most sophisticated plasma collection networks, with 342 plasma collection centers in the North America, Europe, and China
2021 Remodel I New TPO Membrane Roof I Tenant Investment ($2M+ Costs)
The building recently underwent a complete remodel that features a new TPO membrane for the roof that was placed in 2021
The new TPO roof membrane comes with a 20-year manufacturer’s warranty from Versico and a 10-year workmanship and labor warranty
Tenant replaced all HVAC units in 2021 and is solely responsible for HVAC system maintenance, repairs, and replacement
Tenant has invested more than $2 million in the buildout infrastructure and FF&E for their space, limiting expense leakage for a future investor
NN Leased I Fee Simple Ownership I Limited Landlord Responsibilities
Landlord responsibilities limited to roof, structure, exterior utility lines and parking lot (repaving)
Ideal, low-management investment for a passive investor
Signalized, Hard Corner Intersection I Excellent Visibility
Located near the signalized, hard corner intersection of E. March Lane and N. El Dorado Street averaging a combined 61,900 vehicles per day
The property benefits from excellent visibility via significant street frontage and a large monument sign
Positioned Between Prominent Retail Centers I Dense Retail Corridor
Ideally situated between prominent retail centers such as Weberstown Mall (855,800 SF), Sherwood Mall (525,000 SF), Stonecreek Village Shopping Center (154,554 SF), and College Square Shopping Center (126,098 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site
The trade area features a variety of national/credit tenants such as Walmart Neighborhood Market, Costco Wholesale, The Home Depot, Target, Macy’s, WinCo Foods, Office Depot, and more
Nearby Universities I Direct Residential Consumer Base
Located within 2 miles of San Joaquin Delta College (~18,610 students), University of the Pacific (~6,281 students), and Humphreys University (~1,159 students)
The site is surrounded by several apartment complexes including Riverbank Apartments (232 units), Villa De La Paix (144 units), Emerald Estates (120 units), and Kentfield Apartments (90 units), providing a direct residential consumer base from which to draw
Strong Demographics in 5-Mile Trade Area
More than 318,000 residents within 5 miles supporting the trade area
Healthy average household income of $94,021