1. Panda Express
1455 McCarthy Blvd.
Milpitas, CA 95035
Tel: 408.955.9900
Fax: 408.383.9887
Corporate Lease Terms
Original ten (10) year primary lease until Oct 2015
NNN (Triple Net Lease)
10% rent increase every 5 years
Three (3)-5 year options
: ±2,406 SQ.FT. : $1,438,788
: 6.60% (until Oct 18,2010); 7.25% (starting Oct 19, 2010)
: $94,792 Year 1-5 (Oct 2005-Oct 2010)
$104,300 Year 6-10 (Oct 2010-Oct 2015)
$114,671.76 Years 11-15 $126,196.56 Years 16-20
$ 138,873.84 Years 21-25
JOHN LUK JOYCE SUN
408.955.9900 510.552.7711
DRE#00877964 DRE#01365523
2. Panda Express
One of the largest fast casual restaurant chain serving Americanized Chinese cuisine, Panda
Express operates mainly in casinos, shopping malls, supermarkets, airports,train stations, strip
plazas, theme parks, stadiums, college campuses and The Pentagon. In 2004, the company
began opening stand-alone restaurants with drive-through windows. Panda Express has 1264
restaurants covering 38 states and Puerto Rico, as well as 2 locations in Japan. Panda Express
is headquartered in Rosemead, California.
The company is currently in expansion. Same store sales have increased every year since
1996 with annual sales in 2008 in excess of $1 billion. Panda Express added 161 new loca-
tions in 2008 throughout the United States and will oper-
ate well over 1,200 restaurants in 2009.
DEMOGRAPHICS
1 Mile 3 Mile 5 Mile
Population
13,667 161,244 301,731
AVG HH
$101,283 $89,078 $89,090
Income
Daytime
Population 21,735 130,721 255,752
JOHN LUK JOYCE SUN
408.955.9900 510.552.7711
3. The space is part of a 133,886 SQ.FT.
Target project, which opened in Oct of
2002. Convenient access from Highway
880.