Download to read offline
Panda Express
- 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 ispart of a 133,886 SQ.FT. Target project, which opened in Oct of 2002. Convenient access from Highway 880.
- 4.
- 5.
- 6. MapInfo Corporation® Updated Summary Report (%) Prepared by: AnySite Whipple Rd & Industrial Pkwy Sw Hayward, CA 94544 4/26/2007 Coordinates Longitude: -122.065030 Latitude: 37.607220 1 MILE 3 MILE 5 MILE RING RING RING 3.14 SQ/MI 28.27 SQ/MI 78.53 SQ/MI POPULATION 1990 Total Population 9,480 130,632 246,235 2000 Total Population 12,879 156,835 294,267 2006 Total Population 13,667 161,244 301,731 2011 Total Population 14,099 165,295 309,206 % Population Change 1990-2000 35.85% 20.06% 19.51% % Population Change 2000-2006 6.12% 2.81% 2.54% % Population Change 2006-2011 3.16% 2.51% 2.48% HOUSEHOLDS 1990 Total Households 2,942 40,905 82,239 2001 Total Households 3,633 45,594 91,480 2006 Total Households 4,050 49,319 98,908 2011 Total Households 4,117 50,155 100,705 % Households Change 1990-2000 23.49% 11.46% 11.24% % Households Change 2000-2006 11.48% 8.17% 8.12% % Households Change 2006-2011 1.65% 1.70% 1.82% 2006 RACE White Population 4,252 54,794 121,392 Black Population 1,030 11,744 23,374 American Indian/Alaska Native 65 1,068 2,067 Asian/Hawaiian/Pacific Islander 6,212 58,306 91,778 Other Race Population 2,107 35,332 63,121 Hispanic Population 2,840 48,622 89,409 Non-Hispanic Population 10,827 112,622 212,322 2006 INCOME Per Capita Income $30,014 $27,246 $29,204 Median Household Income $86,312 $73,858 $72,622 Average Household Income $101,283 $89,078 $89,090 2006 Average Household Size 3.3 3.3 3.0 2006 Total Owner Occupied Housing Units 3,393 34,283 63,540 2006 Total Renter Occupied Housing Units 660 15,038 35,352 2006 Total Establishments 1,146 6,003 13,500 2006 Total Daytime Work Population 12,869 47,433 105,789 2006 Total Daytime Population 21,735 130,721 255,752 Data Source: MapInfo Corporation © 2006 MapInfo Corporation, Troy, New York. All rights reserved. 1-800-489-8829 Page 1
- 7. MapInfo Corporation® Updated Summary Report (%) Prepared by: AnySite Whipple Rd & Industrial Pkwy Sw Hayward, CA 94544 4/26/2007 Coordinates Longitude: -122.065030 Latitude: 37.607220 1 MILE 3 MILE 5 MILE RING RING RING 3.14 SQ/MI 28.27 SQ/MI 78.53 SQ/MI 2006 EDUCATIONAL ATTAINMENT Total Educational Attainment Age 25+ 8,794 100,986 191,038 Less Than 9th Grade 732 10,552 17,355 High School No Diploma 835 10,551 18,985 High School Graduate (Incl Equivalency) 1,920 23,873 44,451 Some College No Degree 1,875 20,773 39,901 Associate Degree 861 8,161 15,233 Bachelor's Degree 1,943 19,402 38,061 Graduate or Prof School Degree 626 7,674 17,052 % Total Educational Attainment Age 25+ 64.34% 62.63% 63.31% % Less Than 9th Grade 8.33% 10.45% 9.08% % No High School Diploma 9.50% 10.45% 9.94% % High School Graduate (Incl Equivalency) 21.84% 23.64% 23.27% % Some College 21.33% 20.57% 20.89% % Associate Degree 9.79% 8.08% 7.97% % Bachelor's Degree 22.10% 19.21% 19.92% % Graduate or Prof School Degree 7.12% 7.60% 8.93% 2006 Median Age Total Population 36 33 33 2006 Median Age Female Pop 37 35 34 2006 Median Age Male Pop 35 32 32 2006 MARITAL STATUS % Never Married 28.64% 29.03% 29.22% % Currently Married 58.02% 58.55% 57.66% % Divorced 7.81% 7.36% 8.29% % Widowed 5.55% 5.07% 4.83% % Separated 1.20% 1.79% 1.88% 2006 Median Home Value $397,970 $344,856 $353,575 Data Source: MapInfo Corporation © 2006 MapInfo Corporation, Troy, New York. All rights reserved. 1-800-489-8829 Page 2