crossroads at stanford ranch - majcre...multi-tenant nnn leased investment crossroads at stanford...

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Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho [email protected] 360.823.5112 Blake Federinko [email protected] 360.823.5111 Listing Brokers: Michael A. Jenkins [email protected] 360.823.5102 6011 Stanford Ranch Rd, Rocklin, CA Actual location While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other Professional advisor.

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Page 1: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

Multi-Tenant NNN Leased Investment

Crossroads at Stanford Ranch

$3,770,0006.75% CAP Rate | $254,543 NOI

Brandi M. [email protected] 360.823.5112

Blake [email protected] 360.823.5111

Listing Brokers:Michael A. [email protected] 360.823.5102

6011 Stanford Ranch Rd, Rocklin, CA

Actual location

While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney,

accountant, or other Professional advisor.

Page 2: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

Page 2

Page 3: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

THIS OFFERING PRESENTSThe opportunity to acquire a stabilized retail center in the Roseville/Rocklin submarket, one of the most affluent populations in the Sacramento metro area. The center is anchored by both Starbucks and 7-Eleven. Building consists of 15,649 SF +/- and is located on the signalized intersection of Stanford Ranch Road and Sunset Blvd with excellent visibility. Nine tenants currently comprise the center, with room for one more. Surrounding retailers include Umpqua Bank, America’s Tire, The Home Depot, Costco and Walmart Supercenter.

Page 4: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

INVESTMENT OVERVIEW

Price | $3,770,000CAP | 6.75%

Building Size15,649 SqFt

Lot Size1.60+/- AC | 69,696 SqFt

Year Built2006

Parking90+/- Spaces

Page 4

Lease TypeNNN

Page 5: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

Multi-Tenant NNN Leased Investment

High Demographic Area

94% Leased Investment

Hard Corner Lot Adjacent to 7-Eleven and Starbucks

Surrounding Businesses include, Dick’s Sporting Goods, Ross, Costco,

Safeway, Home Depot, Walgreens and Much More.

INVESTMENT OVERVIEW

Page 6: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

FINANCIAL SUMMARY

$11,400.00$23,808.00

$4,121.00$8,905.00

$16,485.00$16,281.00

$9,080.00$2,036.00$6,360.00

$98,476.00

MANAGEMENT FEETAXESINSURANCEREPAIRS & MAINTENANCEUTILITIESJANITORIALLANDSCAPINGADMINMISC.TOTAL EXPENSES

LESS OPERATING EXPENSES

$258,363.78EffEctivE Gross incomE

Gross incomE $273,609.24

Page 6

VACANCY AT 5%RESERVES AT .10 PSF

$13,680.46$1,565.00

total Gross incomE $273,609.24

salE PricE $3,770,000.00

caP ratE 6.75%

nEt oPEratinG incomE $254,543.51

oPEratinG ExPEnsE rEimbursEmEnt $94,655.73

nEt oPEratinG ExPEnsEs $3,820.27

Page 7: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

FINANCING OPTION

Purchase Price: $3,770,000Down Payment: $1,131,000Net Operating Income: $254,543Debt Service*: $165,195Loan-to-Value: 70%Cash Flow: $89,348Cash on Cash Return: 8.0%

*Loan secured by Darryl Horowitz of National Investment Finance Corporation. Loan terms shall be as follows:

Loan Amount: $2,639,000Interest Rate: 4.75%Amortization: 30-YearsFixed Rate: 7-10 YearsAnnual Debt Service: $165,195

Page 8: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

RENT ROLL

12/1/17 -- 11/30/1812/1/18 -- 11/30/1912/1/19 -- 11/30/2012/1/20 -- 11/30/2112/1/21 -- 11/30/22

5-YEAR OPTION

9/1/17 -- 8/31/183-YEAR OPTION

8/1/17 -- 7/31/188/1/18 -- 7/31/198/1/19 -- 7/31/208/1/20 -- 7/31/21

8/1/17 -- 7/31/188/1/18 -- 7/31/198/1/19 -- 7/31/208/1/20 -- 7/31/218/1/21 -- 7/31/22

10/1/17 -- 9/30/1910/1/19 -- 9/30/2110/1/21 -- 9/30/22

TWO, 3-YEAR OPTION

3/1/17 -- 2/28/183/1/18 -- 2/28/193/1/19 -- 2/28/20

5-YEAR OPTION

5/1/17 -- 4/30/18 5/1/18 -- 4/30/195/1/19 -- 4/30/20

3-YEAR OPTION

9/1/17 -- 4/30/185/1/18 -- 8/31/209/1/20 -- 8/31/21

6/1/18 -- 5/31/196/1/19 -- 5/31/206/1/20 -- 5/31/21

5-YEAR OPTION

ANNA’S HAIR SALON101 1,505 10%

NICK’S NAILS103 900 6%

DAYCATION FOR SENIORS

104/5 3,980 25%

RUDY’S MEXICAN RESTAURANT

107 1,374 9%

GOODWILL108/9 2,520 16%

YA YA FOOT MASSAGE110 1,200 8%

LIBERTY TAX SERVICE111 900 6%

DR. NETRA DUDHIBHATE, DDS

112 1,470 9%

FAST FREDDIE’S PIZZA

106 900 6%

VACANT102 ---900 6%

Lease TermSqFt % OF GLA

Page 8

TenantSuite

Page 9: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

$1,806.00$1,860.18$1,915.99$1,973.47$2,032.67

Fair Market Value

$14.40$14.43$15.28$15.74$16.21

--

$21,672.00$21,722.16$22,991.88$23,681.64$24,392.04

Fair Market Value

$1,145.77Fair Market Value

$15.28--

$13,749.24Fair Market Value

$5,074.50$5,175.99$5277.48$5,385.10

$15.30$15.61$15.91$16.24

$60,894.00$62,111.88$63,329.76$64,621.20

$2,404.50$2,476.64$2,550.94$2,627.47$2,706.29

$21.00$21.63$22.28$22.95$23.64

$28,854.00$29,719.68$30,611.28$31,529.64$32,475.48

$4,410.00$4,536.00$4,687.20

$21.00$21.60$22.32

$52,920.00$54,432.00$56,246.40

$1,860.00$1,920.00$1,980.00

Fair Market Value

$18.60$19.20$19.80

--

$22,320.00$23,040.00$23,760.00

Fair Market Value

$1,350.00$1,395.00$1,440.00

Fair Market Value

$17.40$18.60$19.20

--

$15,660.00$16,740.00$17,280.00

Fair Market Value

$2,352.00$2,352.00$2,422.56

$19.20$19.20$19.78

$28,224.00$28,224.00$29,070.72

$1,143.00$1,177.29$1,212.61

$15.24$15.70$16.17

$13,716.00$14,127.48$14,551.32

Monthly Rent PSFAnnual

Rent

$1,150.00 $13,800.00 $15.33

Page 10: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

TENANT SUMMARY

Page 10

“We are an a day center licensed by the Department of Social Services. Our staff has been carefully selected and trained and have passed Department of Justice background check. At Daycation for Seniors activity center, we offer a combined 30 years of helping and caring for the needs of the elderly. With our energy and passion for life, we strive to renew enthusiasm for life into the hearts of our participants.” For additional information please visit their website:http://www.daycationforseniors.com/index.php

Rocklin Dental Whispers offers a full array of dental services to help you maintain healthy teeth including: Crowns and Bridges, Dentures, Cosmetic Fillings, Dental Implants(restorative part), Veneers, Whitening (take home kits), Sealants, Root Canal, Extractions (including Wisdom Teeth), Scaling and Root Planing, Cosmetic Dentistry, Invisalign. For additional information please visit their website: https://www.rocklindentalwhispers.com/

Anna Hair Salon “ We know when you get a salon service you want to feel comfortable and relaxed. We have created an environment our guests can truly unwind in. All of our cosmetologists are Cosmetology licensed and are ready to make you look and feel beautiful!” For additional information please visit their website: https://www.annahair.salon/

A very friendly nail spa with excellent service. Offering pedicures, manicures, wax and nail services. For additional information please visit their website:http://www.usplaces.com/others/rocklin-ca/nicks-nails-spa

Pizza restaurant known for its modern interpretation of classic dishes and its insistence on only using high quality fresh ingredients and has been recognized for its outstanding Pizza cuisine, excellent service and friendly staff. Fast Freddie’s Pizzeria offers delicious dining, takeout and delivery to Rocklin, CA. For additional info please visit their website:

http://www.fastfreddiespizzaroseville.com/

Page 11: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

TENANT SUMMARY

“TRUSTED BY MILLIONS SINCE 1997 At Liberty Tax, we’re committed to exceeding our customers’ expectations every day. We live this in our 4,000+ locations throughout the US and Canada. It’s our brand promise, and just one of many reasons that you “Belong at Liberty.” For additional information please visit their website:https://www.libertytax.com/

“Home of Grandma’s Chicken Tortilla SoupAt Rudy’s we take real pride in serving our guests authentic Mexican cuisine. We are proud to offer you our tradition of fresh, high quality meals with excellent service. The colors, the smell, and the sound will arouse all of your senses the second you walk through our doors. At Rudy’s we promise to provide you with a great experience.” For additional information please visit their website:http://rudysgourmet.com/

Long-standing nonprofit chain with a range of pre-owned clothing, furniture, housewares & more.For additional information please visit their website:https://www.goodwillsacto.org/

YaYa Foot Spa offers traditional Chinese foot reflexology by internationally trained specialists mainly from Mainland, China where foot treatment is a daily part of everyday life for millions of Chinese. Treatments in China are for many reasons that include medical evaluation, medical treatment and relaxation. Your YaYa experience in the United States will be strictly for relaxation purposes although your foot specialist can point out which part of the body various pressure points effect. For additional information please visit their website:https://www.facebook.com/yayafootspas/

Page 12: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

AERIAL

Page 12

additional rEtailErs

Starbucks7-ElevenUmpqua BankLavender SalonStray Dog BicyclesMoo Moo’s Burgers

Banner BankVerizon WirelessFarmers InsuranceEdward JonesDick’sRoss

CostcoJack in the BoxAuto ZoneHome DepotWinCo FoodsLowe’s

Subject Property

Stanford Ranch Village

Page 13: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

FLOOR PLAN

102

101

103104

105 106 107 108 109 110 111 112

TENANTAnna’s Hair SalonVacantNick’s NailsDaycation for SeniorsFast Freddie’s PizzaRudy’s Mexican RestaurantGoodwillYa Ya Foot SpaLiberty Tax ServiceDr. Netra Dudhibhate, DDS

UNIT #101102103104/5106107108/9110111112

Page 14: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

Page 14

PoPulation

Estimated 2017Projected 2022 Census 2010 Census 2000

1mi. 3mi. 5mi.18,043 89,045 204,48619,368 95,875 220,34216,603 80,041 182,052 8,765 47,227 120,562

avEraGE incomE

Estimated 2017Projected 2022 Census 2010 Census 2000

1mi.

$102,816 $108,813 $109,585$119,571 $126,402 $127,260$82,844 $86,586 $86,133$74,157 $71,985 $72,294

3mi. 5mi.

DEMOGRAPHICS

Page 15: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

Median Age36.3 Years Old

AGE

Gender Male 48.0% Female 52.0%

ROCKLIN, CA

Located in South Placer County at the intersection of Interstate 80 and State Highway 65, Rocklin is characterized by rolling hill terrain with 360-degree panoramic views of the Sierra Nevada mountains to the northeast and to the Sutter-Butte mountain range in the West. Rocklin is located in proximity to many tourist locations and recreational amenities. It is within 20 minutes of Folsom Lake, 30 minutes of downtown and Old Sacramento, and less than 2 hours from Lake Tahoe, the Pacific Ocean, and the Bay Area. Rocklin has been one of the fastest growing cities in California. The City’s population grew 64% from 2000-2014 with a current population of approximately 64,417. In August 2008, Family Circle magazine named Rocklin one of the “10 Best Towns” for families in America (it was the only California city on the list). The City’s strongest assets are its residents, and citizen input and participation set Rocklin apart. We are proud of Rocklin’s rich heritage and excited about its future. Thanks to residents, businesses and community leaders working together, we can ensure a bright future.

Page 16: Crossroads at Stanford Ranch - MAJCRE...Multi-Tenant NNN Leased Investment Crossroads at Stanford Ranch $3,770,000 6.75% CAP Rate | $254,543 NOI Brandi M. Ho Brandi@MAJCRE.com 360.823.5112

300 West 15th Street, Suite 201Vancouver, WA 98660

360.699.4494

www.MAJCRE.com