Offering.Memorandum

Buzz Thru Joe's & TJ's
Roadhouse
COLFAX, CA
OFFERING MEMORANDUM

Buzz Thru Joe's & TJ's Roadhouse
COLFAX, CA
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or
entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary,
unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not
made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject
property, the future projected financial performance of the property, the size and square footage of the property and
improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal
regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant,
or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this
Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified,
and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation
regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICE
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this
marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or
sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,
service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee
information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR
MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

COLFAX, CA
TABLE OF CONTENTS
Section 1 PRICING AND FINANCIAL ANALYSIS
Section 2 PROPERTY DESCRIPTION

PRICING AND FINANCIAL ANALYSIS
COLFAX, CA

Price $820,000
Down Payment 100% $820,000
Price per Square Foot (GLA) $113.89
Gross Leasable Area (GLA) 7,200
Year Built 1960
Lot Size 0.3 Acres
VITAL DATA
CAP Rate - Current 8.52%
Net Operating Income - Current $69,838
Total Return - Current 8.52% / $69,838
1
Comments
Buyer needs to measure the exact size of the lot during their
due diligence process.
Major Tenants
Tenant Name
Buzz Thru Joe's
TJ's Roadhouse Restaurant
Sierra Business Services
Hair and Nail Salon
COLFAX, CA
Major Employers
Company
Local
Employees
Forestry and Fire Protection 104
Bear River High School 95
Colfax High School 85
Pioneer High School 80
Weimar Center Health & Education 75
Tully-Wihr Co 70
Fox Barrel Cider Company Inc 50
Winner Chevrolet Inc 50
Weimar Hills Middle School 45
Winner Chevrolet 44
Colfax Elementary School 42
Iowa Hill Elementary School 42
Demographics
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 V0400147 Marcus &
Millichap. All rights reserved.
1-Mile 3-Miles 5-Miles
2013 Total 2,086 6,162 12,349
2018 Total 2,281 6,690 13,201
2013 Total 912 2,489 4,955
2018 Total 1,009 2,734 5,366
Median HH Income $63,833 $62,300 $64,829
Per Capita Income $35,948 $32,775 $33,654
Average (Mean) HH $82,093 $80,989 $83,524
OFFERING SUMMARY

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COLFAX, CA
FINANCING
Existing Financing
Loan Amount $320,000
Loan Type Seller
Interest Rate 6.000%
Amortization 24 Years
Due Date 12/31/2015
Lender Name Private Lender

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COLFAX, CA
No Data Available
EXPENSES
Current Per SF
Real Estate Taxes $5,051 $0.70
Insurance $2,446 $0.34
Payroll Expense $1,248 $0.17
Professional Fees $225 $0.03
Total Repairs $4,778 $0.66
CAM
Utilities $10,593 $1.47
TOTAL CAM $10,593 $1.47
TOTAL EXPENSES $24,341 $3.38
Tenants (% OF GLA)

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COLFAX, CA
Tenant Name: Buzz Thru Joe's
Lease Commencement: Month-to-Month
Lease Expiration: Month-to-Month
Gross Leasable Area (GLA): 1,200
Pro-Rate Share of Project: 17%
TENANT & LEASE SUMMARY
This is an independently owned and family-operated coffee shop that offers breakfast and lunch. The store also has a
drive-through facility and business is thriving despite being located very close to a Starbucks outlet and a McDonald's
outlet. The shop is a favorite amongst the locals and caters to the freeway travelers as well.
The tenant pays for PG&E, propane, water, sewer and garbage charges.
Lease Summary
Base Rent
Lease Years Annual Rent Monthly Rent Monthly Rent/SF
Month to Month $16,800.00 $1,400 $1.17

Tenant Name: TJ's Roadhouse Restaurant
Lease Commencement: 07/01/2011
Lease Expiration: 02/28/2016
Original Term: 5 Years
This is a family-owned and operated restaurant that offers breakfast, lunch and dinner. It is frequented by both local
residents and freeway travelers. They have a website at www.tjscolfax.com.
The tenant pays for PG&E, propane, water and garbage.
Lease Summary
Base Rent
5 Years $53,040.00 $4,420 $1.38
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COLFAX, CA

Tenant Name: Sierra Business Services
Lease Commencement: Month to Month
Lease Expiration: Month to Month
Gross Leasable Area (GLA): 600
The tenant occupies one space in the lower level of the building. They provide professional business services to clients
like tax preparation.
The landlord pays for all utilities.
Lease Summary
Base Rent
Month to Month $7,920.00 $650 $1.08
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COLFAX, CA

Tenant Name: Hair and Nail Salon
Lease Commencement: 01/01/2014
Lease Expiration: 01/01/2015
Gross Leasable Area (GLA): 600
Pro Rate Share of Project: 8%
The space has been leased to a hair and nail salon.
The landlord pays for all utilities.
Lease Summary
1 Year $7,800.00 $650 $1.08
Base Rent
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COLFAX, CA

Tenant Name: Vacant Space
The space is currently vacant. It was being occupied by the owner previously and was used as an office. It is being
advertised for rent at $1,150 per month.
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COLFAX, CA

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COLFAX, CA
FINANCIAL OVERVIEW
504 & 520 South Auburn Street
Colfax, CA 95713
Price $820,000
Down Payment 100% $820,000
Gross Leasable Area (GLA) 7,200
Price/SF $113.89
CAP Rate - Current 8.52%
Lot Size 0.3 Acres
Year Built 1960
Annualized Operating Data
Income Current
Other Income $94,179
Gross Potential Income $94,179
Effective Gross Income $94,179
Total Expenses $24,341
Net Operating Income $69,838
Total Return 8.52% / $69,838
Location
Expenses
Real Estate Taxes $5,051
Insurance $2,446
Payroll Expense $1,248
Professional Fees $225
Total Repairs $4,778
CAM
Utilities $10,593
TOTAL CAM $10,593
TOTAL EXPENSES $24,341
EXPENSES/SF $3.38

PROPERTY DESCRIPTION
COLFAX, CA

INVESTMENT OVERVIEW
Investment Highlights
■ Two Stable Tenants
■ Great Location off of Interstate 80
■ 1,400-Square Foot Office Space Available For Rent
■ Prominent Signage Visible From Interstate 80
■ Ample Parking
■ Coffee Shop Tenant has Drive-Through Facility
The property was originally one parcel of 1.5 acres that housed a motel, motel owner's quarters, a two-story mixed-use
building and a stand-alone building that was originally a gas station. The current owners recently subdivided the parcel
into three separate parcels and sold the motel. They are now offering the two remaining parcels and the two buildings for
sale.
One building has two stories. The upper level is 3,200 square feet and houses a full-service restaurant. The lower level is
2,600 square feet and is split into three rentable spaces, one of which is currently vacant and would be ideal for an office
space. The second space houses a hair and nail salon and the third spaces houses a professional office that is a long-term
tenant.
The second building houses a coffee shop. The site was originally a gas station but the gas tanks have been pulled out.
The site had contamination but the California Water Board's Central Valley Regional Water Quality Control Board has
issued a NO FURTHER ACTION REQUIRED letter dated December 4, 2013 (reference case # 310201).
The subject property is located in historic Colfax, a city in Placer County, California at the crossroads of Interstate 80
and State Route 174. It is part of the Sacramento–Arden-Arcade–Roseville Metropolitan Statistical Area. The population
was 1,963 at the 2010 census. Some of the town's notable features include the newly restored train depot (which houses
the Colfax Museum and Chamber of Commerce), the downtown shops on Main Street and Colfax High School, which
serves a large surrounding area.
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COLFAX, CA

PROPERTY SUMMARY
The Offering
Property Buzz Thru Joe's & TJ's Roadhouse
Property Address 504 & 520 South Auburn Street
Colfax, CA 95713
Site Description
Year Built 1960
Gross Leasable Area (GLA) 7,200 SF
Lot Size 0.3 Acres
Type of Ownership Partnership Interest
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COLFAX, CA

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COLFAX, CA
PROPERTY PHOTOS

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COLFAX, CA
PROPERTY PHOTOS

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COLFAX, CA
PROPERTY PHOTOS

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COLFAX, CA
PROPERTY PHOTOS

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COLFAX, CA
PROPERTY PHOTOS

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COLFAX, CA
AREA MAPS
Local Map Regional Map

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COLFAX, CA
AERIAL PHOTO

Buzz Thru Joe's & TJ's
Roadhouse
COLFAX, CA
OFFERING MEMORANDUM
Offices Throughout the U.S and Canada
www.MarcusMillichap.com
Presented By:
Kent Williams
Broker
Marcus & Millichap, San Diego
License: CA: 00823860
Tel: (858)373-3100
Fax: (858)373-3110

Offering.Memorandum

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