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Lucille's Smokehouse Bar-B-Que

6628 Lonetree Blvd, Rocklin, CA 95765

$8,785,000

Cap Rate 6.00%

Views: 22 DOM: 588 Updated: 09.13.24 Posted: 02.10.23 Status: Active

Summary

Price $8,785,000
Built/Renov 2006
Tenant Lucille's Smokehouse Bar-B-Que
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 10,111
Lease Start 09-22-2006
#Units 24
Price/SF $868.86
Expiration 11-30-2032
Tenant Type Casual Dining
NOI $527,112
R. Term 8.2
Ownership Fee Simple
Rent/SF $52.13
Increases 5.0%/5/yrs
Pop 5Mi 219,779
Lot/AC 1.30
Options 1/5yrs/5%
AHHI 5Mi $146,125

Jereme Snyder
Colliers NNN Group
Contact

Eric Carlton
Colliers NNN Group
Contact

Lease Highlights

  • Lucille’s Smokehouse BBQ has been operating in this location since 2006 (original tenant)
  • Tenant has about 10 years remaining in its current term with 1 (5-year) option to extend
  • Lease features 5% rent increase in Dec 2027 and again at beginning of option
  • Absolute NNN lease
  • Corporate guaranteed by Lucille’s Smokehouse BBQ, subsidiary of Hofman Hospitality Group

Location Description

Positioned on the hard corner signalized intersection of Lonetree Blvd and Adams Dr, the subject property has a combined traffic count of over 35,578 vehicles per day with State Route 65 (97,000+ VPD) less than a mile away. The site is an outparcel in Blue Oaks Town Center (525,000SF) with anchor tenants including RC Willey, Sportsman’s Warehouse, Grocery Outlet, Hobby Lobby, and Blue Oaks...

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Key Features

  • Signalized intersection

  • Hard corner intersection

  • In location for years

  • Shopping Ctr out-parcel

  • Highway close

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Store sales reported

  • Absolute NNN

  • Corporate Guarantee

    • ...

Links

Lucille's Smokehouse Bar-B-Que Wikipedia Lucille's Smokehouse Bar-B-Que Wikipedia Rocklin, California Zip Code 95765 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Lucille's Smokehouse Bar-B-Que is a family-owned chain of restaurants specializing in barbecue cuisine as well as southern and Cajun style meals. The restaurants feature a southern American...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,370 100,042 227,615
2023 Total Population : 10,972 98,929 222,653
2023 Employed Civilian Pop : 5,881 49,237 104,151
2023 Total Businesses : 682 3,375 8,331
2023 Average Household Income : $ 158,296 $ 155,769 $ 147,568
2023 Total Consumer Spending : $ 479 M $ 4689 M $ 10460 M
2023 Median Age : 33 36 39
2023 Total Households : 3,614 35,496 83,262
2023 Pop Age 25+: Bachelor's Degree : 2,613 22,535 48,662
2023 Average Home Value : $ 697,663 $ 670,445 $ 676,763
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Adams Dr Longtree Blvd 2015 3,635 0.03 mi
Lonetree Bl Adams Dr 2015 16,771 0.04 mi
Adams Dr Cleveland Ct 2015 1,928 0.06 mi
Lonetree Bl Adams Dr 2015 17,302 0.09 mi
Lonetree Bl Redwood Dr 2015 17,921 0.10 mi
Redwood Dr Longtree Blvd 2015 4,298 0.13 mi
Redwood Dr Lonetree Bl 2015 2,226 0.13 mi
Lonetree Bl Grand Canyon Dr 2015 18,811 0.21 mi
Lonetree Bl Oaks Bl 2012 8,888 0.36 mi
Lonetree Blvd Grand Canyon Dr 2015 13,141 0.38 mi

Listing Broker

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