JKG
MARKETING FLYER
SINGLE TENANT MATTRESS FIRM AT BLUE OAKS TOWN CENTER 6704 Lonetree Boulevard, Rocklin, CA
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Price As the exclusive agent, Gallelli Real Estate is pleased to present this Marketing Brochure for the sale of the fee simple interest in 6704 Lonetree Boulevard (the “Property”), a stand-alone single tenant NNN leased retail property totaling 5,014 square feet, located within the Blue Oaks Town Center in Rocklin, California.
Cap Rate
This asset represents the opportunity to acquire a separately parceled retail property within a grocery anchored regional power shopping center. As a strong, nationally recognized tenant, Mattress Firm has occupied this space since October of 2016, and they have over 4 years remaining on their current term. The combination of tenancy, location, and demographics offers an investor the ability to acquire a low maintenance, proven investment which is well-positioned to take advantage of South Placer County’s continuing growth.
Year Built
$3,370,000 5.50%
NOI
$185,317
GLA
±5,014
Occupancy Tenant Lease Expiration Extension Options Anchors (NAP)
2016 100.00% Mattress Firm 10/31/2026 (2) 5-Year Hobby Lobby, Grocery Outlet, Sportsman’s Warehouse, Cinemark’s Blue Oaks Century Theatres and XD, RC Willey and Dollar Tree
NAP - National Anchor
NAP - National Anchor
INVESTMENT HIGHLIGHTS
TRADE AREA HIGHLIGHTS
National Credit Anchors – Blue Oaks Town Center has several prominent national anchors including Hobby Lobby, Grocery Outlet, Sportsman’s Warehouse, Cinemark’s Blue Oaks Century Theaters and XD, Dollar Tree, and RC Willey, one of the top home furnishing operators in the Western United States.
Residential Growth – Rooftops are being constructed throughout Roseville, Rocklin and Lincoln and are often sold before completion. Several specific plans were approved through local municipalities and are currently being constructed, among them: Sierra Vista (9,000 homes) and Placer Vineyards (14,000 homes). More recently, the Placer Ranch specific plan was approved for a 2,213 acre development plan just northwest of the Property, across Highway 65.
Diversified Tenant Mix – The 500,000+ square foot regional power center has a very diversified tenant mix that is over 90% comprised of internet resistant daily needs and service-oriented retailers. Close to 70% of the currently occupied building area is comprised of national branded tenants. National Tenant – Mattress Firm owns and operates more than 2,400 locations across 49 states. They have over 4 years remaining at this location along with (2) 5-Year options to renew. Tremendous location – One of only two major retail corridors located in Rocklin. Blue Oaks Town Center has a regional draw of approximately a 35-mile radius. Ideally Positioned – The Property is located at one of the ingress/egress points along Lonetree Boulevard, a primary north/south arterial in Rocklin/Roseville. Traffic counts along Lonetree Boulevard and Blue Oaks Boulevard, less than 500 feet to the south, total nearly 18,000 cars per day. Additionally, directly to the west of Blue Oaks Town Center lies Highway 65 which sees an AADT count of over 110,000. Blue Oaks Boulevard provides direct access to Highway 65 with on/off ramps for both northbound and southbound traffic. Blue Oaks Town Center enjoys full highway exposure with over ½ mile of highway frontage. High Visibility/Multi-functional Pad Building – The Property is located less than 50 feet from Lonetree Boulevard and has clear, highly visible signage on its north, south and east facing walls. This achieves full exposure to traffic traveling in either direction on Lonetree Boulevard. Due to the supreme placement of this pad, space within this building is in high demand and will attract everything from single tenant use to multi-tenant use.
Dominant Market Position – With over 11.5 million square feet of retail space, the Roseville/Rocklin retail submarket is the largest and most dominant retail submarket in the Sacramento region. The Property is part of the Blue Oaks Town Center and positioned in front of two regional anchors, Sportsman’s Warehouse and RC Willey. The center itself is located just off Highway 65, providing easy access for north and south bound travelers. Additionally, Blue Oaks Boulevard provides arterial access right into West Roseville and Rocklin. Major Retail Corridor – Highway 65 is a major retail corridor from Interstate 80 up to the city of Lincoln. Each arterial roadway connecting to Highway 65 has a well-balanced mix of tenants such as Costco, Best Buy, Target, Walmart, Sam’s Club, Top Golf, Living Spaces, Lowes, and Home Depot, among others. Affluent South Placer County Trade Area • The high income area provides many top retailers not available in other parts of the Sacramento region • South Placer County is a major employment center home to 15% of all jobs in the Sacramento region and is recognized for its top quality housing, schools and overall quality of life • Rocklin/Roseville provides a desirable regional business address due to its high quality housing, superior schools, quality jobs, highly educated work force, recreational opportunities, and its many other amenities. Over the last year in Rocklin/Roseville, there have been approximately 3,676 single family residential sales that had an average sale price of $691,211.
SUBJECT
JKG Gary Gallelli | Principal CA DRE # 01099383 | 916 784 2700 | gary@gallellire.com Pat Ronan | Vice President CA DRE # 01410074 | 916 784 2700 | pat@gallellire.com Aman Bains | Associate CA DRE # 02101492 | 916 784 2700 | abains@gallellire.com Adam Rainey | Associate CA DRE # 02113888 | 916 784 2700 | arainey@gallellire.com Gallelli Real Estate 3005 Douglas Blvd, Ste 200, Roseville, CA 95661 916 784 2700 | GallelliRE.com
CONFIDENTIALITY & DISCLAIMER STATEMENT The material contained in this Marketing Brochure is confidential, furnished solely for the purpose of considering the purchase of Mattress Firm located at 6704 Lonetree Boulevard, Rocklin, CA and is not to be used for any other purpose or made available to any other person without the express written consent of Gallelli Real Estate Services or the Owner. The material is based in part upon information supplied by the Owner’s consultants, architects, advisors, and in part upon information obtained by Gallelli Real Estate from sources it deems to be reliable. Summaries contained in the Offering Memorandum of any legal or other documents are not intended to be comprehensive statements of the terms of such documents but rather only outlines of some of the principal provisions contained therein. In accordance with our standard practice, this Offering Memorandum has been prepared solely for informational purposes and does not constitute all or any part of an offer or contract. It is designed to assist a potential investor in determining whether to proceed with an in-depth investigation of the subject project. Gallelli Real Estate strongly recommends that each potential investor review the information contained in this brochure with its accountants, attorneys and tax advisors. Any projections contained herein represent best estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions, prior sale or lease, change of price or terms, other changes in the information and is subject to modification or withdrawal without notice. No Warranty Or Representation Expressed Or Implied Is Made By Gallelli Real Estate Or Any Of Their Parent, Affiliated Or Subsidiary Entities As To The Accuracy Or Completeness Of The Information Contained Herein. Prospective Investors Should Make Their Own Investigations And Conclusions Without Reliance Upon The Material Contained Herein.