Sprouts Mission Valley Virtual Tour_10.28.20 (2)

PARK VALLEY SHOPPING CENTER
MISSION VALLEY

November 2020 - San Diego

Park Valley Shopping Center
Mission Valley, CA

Camp Pendleton

Proposed SproutNsoFrtahrmers Market 15

San Diego, CA Tour Overview Map 76

76

Bonsall

C5amp Pendleton Oceanside Hidden Meadows Valley Center S6
South

76

Vista

15

Lake San San M78arcos S14 Escondido
Carls12bad Marcos

78

Encinitas Poway Ramona 78
Rancho Country Estates
15
5 Santa Fe S4
Solana Beach Fairbanks

Ranch

Del Mar

56

S21 San Diego Eucalyptus
5 Hills
Cascade-Chipita
Park Santee Lakeside

52 Winter Gardens Harbison

BostoniaGr8anite Hills Canyon
Crest
El 8Cajon

La Mesa Rancho
San Diego

Spring Valley Jamul
La Presa

National City Bonita 94

Coro7n5 ado S17

05 Imperial Beach

miles 905
5

Print Date: 10/20/20

Park Valley Shopping Center
Mission Valley, CA

Park Valley Shopping Center
Mission Valley, CA

Park Valley Shopping Center
Mission Valley, CA

X Streets: Camino De La Reina & Camino Del Este Tour DOR Summary
City/ST: San Diego, CA
CBSA-Market: Forecast: $-
San Diego-Chula Vista-Carlsbad, CA
Store Size (sf): Nearest Dist Q3_20_MR52 % Cann
Traffic Counts: Sprouts
1.2 582,671 4.5%
226

417 3.1 549,717 2.5%

228 3.7 450,772 2.5%

234 4.2 436,947 9.6%

Demographics 3 Mile 5 Minute 7 Minute 10 Minute CBSA

Population: 222,672 9,341 34,861 133,084 3,313,170
$72,470 $67,440 $77,558
Median HH Income: $71,139 $85,835
$46,635 $41,848 $37,544
Per Capita Income: $44,041 $53,000 38.0 38.0 37.1
Median Age: 1.9 2.0 2.8
HH Size: 38.4 36.7
2.1 1.9 12,641 42,588 831,221

4 year + Education: 73,301 3,747 51.8% 46.4% 37.8%
1.1% 0.6% 0.5%
4 year + Education%: 47.8% 57.5%
Total % Pop Total % Pop Total % Pop
Est Gwth (2016): 0.6% 1.5% 20,409 58.5% 77,352 58.1% 1,492,889 45.1%

Target Customer Total % Pop Total % Pop BTS/TA:
Count: 127,321 57.2% 5,571 59.6% LOI Status:

Deal Economics

Term: Yrs Rent: /sf

Ext: NNN: /sf

Gross: 0.00 /sf

Director of Real Estate Summary (SWOT Analysis)

Access: Signage: Visibility:

Strengths: Nearest Church: Nearest School:
•
•
•
Weaknesses:
•
•
•
Opportunities:
•
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Threats:
•
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•

LIQUOR LICENSE

10/28/2020



$525,000 Park Valley Shopping Center
Mission Valley, CA
$300,000 $125,000
$375,000
$175,000
$375,000
$426,000
$825,000

$525,000

$503,000

$575,000 $125,000

6.7 Miles $375,000

$525,000 2.6 Miles $450,000
$650,000
SUBJECT $375,000
$350,000

$550,000 $275,000

$125,000 4.5 Miles $629,000 $625,000 $125,000 $500,000
$525,000 $250,000 $190,000 $625,000

$100,000 $565,000

$445,000 $975,000

$550,000 $350,000 $400,000 $600,000
$610,000
$300,000

$100,000

$275,000

$690,000 $180,000 $425,000

(Proposed)
4,800 Residential Units
900,000 SF of Retail & Office

SDCCU
Stadium

Park Valley Shopping Center
Mission Valley, CA

±29,997 SF Camino Del Este

Camino de la Reina ADT: 21,528 ADT: 21,795

MissiAoDn TC: e2n7t,e4r00Rd. ADT: 124,353

Park Valley Shopping Center
Mission Valley, CA

Monument 3
MISSION CENTER RD.
214’ CAMINO DE ESTE
140’±29,997 SF

Monument 2

CAMINO DE LA REINA

Monument 1

Park Valley Shopping Center
Mission Valley, CA

Park Valley Shopping Center
Mission Valley, CA



Park Valley Shopping Center
Mission Valley, CA
Monument 1

Monument 2

Monument 3

Park Valley Shopping Center
Mission Valley, CA

Park Valley Shopping Center
Mission Valley, CA

Park Valley Shopping Center
Mission Valley, CA

Park Valley Shopping Center
Mission Valley, CA

Park Valley Shopping Center
Mission Valley, CA

Park Valley Shopping Center
Mission Valley, CA

Park Valley Shopping Center
Mission Valley, CA









Park Valley Shopping Center
Mission Valley, CA

Market Comp Worksheet

Proposed deal: Year Size BTS/TA Term Min. Rent NNN Gross Rent Net of TA Comments
SPROUTS 2021 29,997 Comments
Comps: Year TA 15 $35.00 $6.90 $41.90 $31.90 5/29: Initial LOI w/ $40 TIA
Mission Valley, CA - Wine Store 2021 Size With the modified shell, most work was left to LA Fit
#226 Sprouts - North Park 2016 28,100 BTS/TA Term Min. Rent NNN Gross Rent Net of TA 10% increase every 5 years
2017 19,969
36,380 TA 10 $28.00 $6.00 $34.00 $31.00 1st year $29.00 Years 2-5 at $30.50 * Gross Rent assumes a $3.5M total LHI budget
** Taxes only - Sprouts self-maintains
Renewal 5 $36.50 $2.32** $38.82 $38.82 It was not actually a BTS, but was told that it was
"turn-key" deal. It was converted from a TGIF *** # does not include water, trash, promo and mgmt.
Modified 10 $27.00 15.24*** $42.24 $37.99

shell/$70

psf

LA Fitness - Civita, Mission Valley Signe 27,600 BTS/$40 10 $29.00 $15.24 $44.24 $41.24
d psf
Jimbo's - Civita, Mission Valley LOI
Little Sprouts Academy - 403 Camino Del 8,704 BTS/$70 15 $31.92
Rio S. - Mission Valley 2017